N-CSR

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: 617-543-9634

Date of fiscal year end:	October 31
Date of reporting period:	October 31, 2023

A message to shareholders

Dear shareholders,

Stocks performed well for most of the 12 months ended October 31, 2023, on hopes that falling inflation would allow world central banks to wrap up their long series of interest-rate increases. Economic growth and corporate earnings came in above expectations. Mega-cap U.S. technology-related stocks were a key driver of returns for the broad global indexes, as were the European markets.

The environment grew less favorable during the last three months of the period, as investors became concerned that inflation was set to reaccelerate and central banks would be compelled to keep interest rates higher for longer. The markets were further pressured by the combination of rising oil prices, signs of slowing global growth, and increasing geopolitical tensions, including the conflict in the Gaza Strip.

In these uncertain times, your financial professional can assist with positioning your portfolio so that it’s sufficiently diversified to help meet your long-term objectives and to withstand the inevitable bouts of market volatility along the way.

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,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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.

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Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2023 (%)

The MSCI All Country World (ACWI) ex USA Index tracks the performance of publicly traded large- and mid-cap stocks of companies in both 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.

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

International equities produced a strong gain during the period

Investors appeared encouraged by the backdrop of better-than-expected economic growth and signs that central banks could be largely finished raising interest rates.

The fund trailed the MSCI ACWI ex-USA Index

Stock selection in the materials and industrials sectors accounted for the majority of the underperformance.

Picks in information technology outperformed

Stock picks in the information technology sector outpaced the index.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

The fund is subject to various risks as described in the fund’s prospectus. Political tensions, armed conflicts, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect fund performance. For more information, please refer to the “Principal risks” section of the prospectus.

ANNUAL REPORT | JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND

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Management’s discussion of fund performance

How would you describe the investment environment during the 12 months ended October 31, 2023?

International stocks delivered a gain. Although global central banks continued to raise interest rates, the markets appeared to grow increasingly optimistic that the long stretch of monetary tightening was nearing its conclusion. In addition, global economic growth—while slowing—surpassed the depressed expectations that were in place at the start of the period. This was particularly true in Europe, where the conflict in Ukraine and the associated disruptions in energy supplies did not depress growth to the extent that investors were anticipating in late 2022. The backdrop grew less favorable later in the period due to rising geopolitical tensions and an emerging consensus that interest rates would stay higher for longer, fueling a sell-off from the beginning of August onward.

What factors helped and hurt the fund’s results?

Stock selection was the primary reason for the fund’s shortfall. The weakest results occurred in the materials sector, where an out-of-benchmark position in the Chilean lithium producer Sociedad Quimica y Minera de Chile S.A. and the British

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Deutsche Telekom AG	3.4
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	3.4
Oversea-Chinese Banking Corp., Ltd.	3.1
Unilever PLC (Euronext Amsterdam Exchange)	2.8
Schneider Electric SE	2.7
SAP SE	2.5
ING Groep NV	2.5
AXA SA	2.4
Novo Nordisk A/S, Class B	2.4
Bank Rakyat Indonesia Persero Tbk PT	2.4
TOTAL	27.6
Cash and cash equivalents are not included.

TOP 10 COUNTRIES AS OF 10/31/2023 (% of net assets)
United Kingdom	12.6
Japan	10.3
Germany	9.6
France	8.0
China	6.3
Taiwan	5.7
Netherlands	5.4
South Korea	4.4
Indonesia	4.3
Denmark	4.2
TOTAL	70.8
Cash and cash equivalents are not included.

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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green chemicals company Croda International PLC both posted sizable losses. LG Chem, Ltd., a South Korean producer of batteries for electric vehicles, was another detractor.

Stock picks also fell short in the industrials sector, where Kurita Water Industries, Ltd.—a Japanese company that makes water-treatment chemicals—was the leading detractor. WEG SA, an electrical equipment company based in Brazil, and Spirax-Sarco Engineering PLC, a British producer of steam equipment used in clean energy applications, also detracted from results.

Outside of these sectors, two healthcare stocks, Roche Holding AG (Switzerland) and an out-of-benchmark position in BioNTech SE (Germany), came under pressure from falling revenues for COVID-19 products. However, the fund finished in line with the overall healthcare sector due in part to the strong showings for an out-of-benchmark position in Dechra Pharmaceuticals PLC (United Kingdom) and Novo Nordisk A/S (Denmark). We sold the fund’s holdings in BioNTech and Dechra Pharmaceuticals prior to period end.

On the positive side, holdings in the information technology sector outperformed. Taiwan Semiconductor Manufacturing Company, Ltd. (Taiwan) and SK Hynix, Inc. (South Korea) both performed very well amid the broader strength in the global chip industry. German enterprise software company SAP SE also gained ground thanks to better-than-expected top- and bottom-line results, improved forward guidance, and investor excitement about the company’s ability to benefit from the growth of artificial intelligence.

MANAGED BY

Corné A. Biemans

Matthew A. Zalosh, CFA

Praveen S. Abichandani, CFA

The views expressed in this report are exclusively those of the portfolio management team at 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

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

Average annual total returns (%) with maximum sales charge				Cumulative total returns (%) with maximum sales charge
	1-year	5-year	Since inception (12-14-16)	5-year	Since inception (12-14-16)
Class A	1.40	2.01	3.82	10.45	29.41
Class I¹	6.95	3.31	4.86	17.67	38.63
Class R6¹	7.07	3.41	4.96	18.27	39.58
Index^†	12.07	3.46	4.21	18.53	32.77

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 fee waivers and expense limitations in effect until February 28, 2024 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 (%)	1.43	1.18	1.07
Net (%)	1.22	0.97	0.86

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 ACWI ex USA Index.

See the following page for footnotes.

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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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, 2023, with the same investment held until October 31, 2023.

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, 2023, 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, 2023, with the same investment held until October 31, 2023. 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.

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 97.6%		$137,919,416
(Cost $144,502,929)
Australia 2.3%		3,246,019
Macquarie Group, Ltd.	16,937	1,740,950
Mirvac Group	1,297,192	1,505,069
Brazil 2.4%		3,465,384
Itau Unibanco Holding SA, ADR	361,505	1,919,592
WEG SA	236,095	1,545,792
Canada 1.8%		2,530,506
Canadian Pacific Kansas City, Ltd.	35,656	2,530,506
Chile 0.7%		981,600
Sociedad Quimica y Minera de Chile SA, ADR	20,281	981,600
China 6.3%		8,951,448
Alibaba Group Holding, Ltd., ADR (A)	24,264	2,002,751
BYD Company, Ltd., H Shares	80,894	2,459,997
Ping An Insurance Group Company of China, Ltd., H Shares	411,927	2,089,490
Trip.com Group, Ltd., ADR (A)	70,565	2,399,210
Denmark 4.2%		5,879,161
Novo Nordisk A/S, Class B	34,668	3,344,638
Orsted A/S (B)	27,077	1,308,337
Vestas Wind Systems A/S (A)	56,572	1,226,186
Finland 1.8%		2,565,025
Sampo OYJ, A Shares	65,220	2,565,025
France 8.0%		11,294,052
AXA SA	115,536	3,423,382
L’Oreal SA	3,572	1,501,422
Rexel SA	122,874	2,509,430
Schneider Electric SE	25,087	3,859,818
Germany 9.6%		13,542,624
Deutsche Telekom AG	220,596	4,787,741
Hannover Rueck SE	8,325	1,838,272
Infineon Technologies AG	56,738	1,657,330
Mercedes-Benz Group AG	27,975	1,645,889
SAP SE	26,939	3,613,392
Hong Kong 0.9%		1,216,096
China Traditional Chinese Medicine Holdings Company, Ltd.	2,467,996	1,216,096
India 1.6%		2,314,931
HDFC Bank, Ltd., ADR	40,936	2,314,931

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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	Shares	Value
Indonesia 4.3%		$6,065,201
Bank Rakyat Indonesia Persero Tbk PT	10,604,963	3,316,001
Telkom Indonesia Persero Tbk PT	12,541,068	2,749,200
Ireland 0.9%		1,302,512
Kerry Group PLC, Class A	8,012	618,878
Kerry Group PLC, Class A (London Stock Exchange)	8,685	683,634
Italy 1.2%		1,699,458
Prysmian SpA	45,383	1,699,458
Japan 10.3%		14,552,441
Daikin Industries, Ltd.	11,519	1,660,797
Eisai Company, Ltd.	32,694	1,732,074
Hoya Corp.	15,903	1,530,960
Kurita Water Industries, Ltd.	52,751	1,602,756
Mitsubishi UFJ Financial Group, Inc.	130,500	1,094,784
ORIX Corp.	179,004	3,255,430
Shiseido Company, Ltd.	32,636	1,035,066
Sony Group Corp.	31,761	2,640,574
Netherlands 5.4%		7,632,898
ASML Holding NV	2,710	1,629,037
ING Groep NV	278,347	3,568,557
Koninklijke Ahold Delhaize NV	82,241	2,435,304
Philippines 1.3%		1,836,889
BDO Unibank, Inc.	816,042	1,836,889
Singapore 3.1%		4,356,692
Oversea-Chinese Banking Corp., Ltd.	469,921	4,356,692
South Africa 1.5%		2,062,424
Naspers, Ltd., N Shares (A)	13,192	2,062,424
South Korea 4.4%		6,182,079
LG Chem, Ltd.	4,998	1,638,055
SK Hynix, Inc.	26,714	2,319,901
SK Telecom Company, Ltd., ADR	109,779	2,224,123
Spain 1.4%		1,920,201
Industria de Diseno Textil SA	55,629	1,920,201
Sweden 2.6%		3,753,913
Atlas Copco AB, B Shares	162,189	1,821,910
Essity AB, B Shares	84,730	1,932,003
Switzerland 2.3%		3,283,736
Roche Holding AG	12,742	3,283,736

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND

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	Shares	Value
Taiwan 5.7%		$8,031,267
Delta Electronics, Inc.	208,706	1,880,836
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	54,621	4,714,339
Unimicron Technology Corp.	322,000	1,436,092
Thailand 1.0%		1,495,998
Kasikornbank PCL	409,050	1,495,998
United Kingdom 12.6%		17,756,861
AstraZeneca PLC	26,476	3,314,897
Barratt Developments PLC	337,076	1,699,943
ConvaTec Group PLC (B)	1,070,985	2,661,383
Croda International PLC	16,935	902,571
Spirax-Sarco Engineering PLC	13,137	1,311,253
SSE PLC	127,548	2,534,836
The Sage Group PLC	118,020	1,394,269
Unilever PLC (Euronext Amsterdam Exchange)	83,242	3,937,709


Total investments (Cost $144,502,929) 97.6%					$137,919,416
Other assets and liabilities, net 2.4%					3,417,870
Total net assets 100.0%					$141,337,286

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 10-31-23, the aggregate cost of investments for federal income tax purposes was $147,299,803. Net unrealized depreciation aggregated to $9,380,387, of which $8,309,188 related to gross unrealized appreciation and $17,689,575 related to gross unrealized depreciation.

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $144,502,929)	$137,919,416
Cash	3,643,077
Foreign currency, at value (Cost $51,543)	50,591
Dividends and interest receivable	411,885
Receivable for fund shares sold	240,246
Receivable from affiliates	2,577
Other assets	23,188
Total assets	142,290,980
Liabilities
Payable for fund shares repurchased	836,986
Payable to affiliates
Accounting and legal services fees	10,241
Transfer agent fees	10,138
Trustees’ fees	226
Other liabilities and accrued expenses	96,103
Total liabilities	953,694
Net assets	$141,337,286
Net assets consist of
Paid-in capital	$159,684,143
Total distributable earnings (loss)	(18,346,857)
Net assets	$141,337,286

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 ($9,729,910 ÷ 800,469 shares)¹	$12.16
Class I ($84,014,728 ÷ 6,892,761 shares)	$12.19
Class R6 ($47,592,648 ÷ 3,900,486 shares)	$12.20
Maximum offering price per share
Class A (net asset value per share ÷ 95%)²	$12.80

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 FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK ESG International Equity Fund

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Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$11.49	$16.88	$13.87	$12.78	$11.63
Net investment income¹	0.19	0.29	0.08	0.05	0.26
Net realized and unrealized gain (loss) on investments	0.58	(4.90)	3.00	1.29	1.17
Total from investment operations	0.77	(4.61)	3.08	1.34	1.43
Less distributions
From net investment income	(0.10)	(0.29)	(0.07)	(0.25)	(0.11)
From net realized gain	—	(0.49)	—	—	(0.17)
Total distributions	(0.10)	(0.78)	(0.07)	(0.25)	(0.28)
Net asset value, end of period	$12.16	$11.49	$16.88	$13.87	$12.78
Total return (%)^2,3	6.70	(28.43)	22.22	10.59	12.62
Ratios and supplemental data
Net assets, end of period (in millions)	$10	$8	$9	$6	$7
Ratios (as a percentage of average net assets):
Expenses before reductions	1.42	1.43	1.48	1.59	1.62
Expenses including reductions	1.22	1.22	1.25	1.29	1.28
Net investment income	1.42	2.19	0.46	0.36	2.12
Portfolio turnover (%)	27	27	28	34	32

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.

JOHN HANCOCK ESG International Equity Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$11.52	$16.93	$13.90	$12.80	$11.66
Net investment income¹	0.23	0.34	0.18	0.08	0.28
Net realized and unrealized gain (loss) on investments	0.57	(4.93)	2.95	1.30	1.17
Total from investment operations	0.80	(4.59)	3.13	1.38	1.45
Less distributions
From net investment income	(0.13)	(0.33)	(0.10)	(0.28)	(0.14)
From net realized gain	—	(0.49)	—	—	(0.17)
Total distributions	(0.13)	(0.82)	(0.10)	(0.28)	(0.31)
Net asset value, end of period	$12.19	$11.52	$16.93	$13.90	$12.80
Total return (%)²	6.95	(28.27)	22.57	10.90	12.84
Ratios and supplemental data
Net assets, end of period (in millions)	$84	$86	$114	$55	$50
Ratios (as a percentage of average net assets):
Expenses before reductions	1.17	1.18	1.23	1.34	1.38
Expenses including reductions	0.97	0.97	1.00	1.04	1.04
Net investment income	1.70	2.48	1.05	0.62	2.31
Portfolio turnover (%)	27	27	28	34	32

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 ESG International Equity Fund

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CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$11.53	$16.95	$13.91	$12.81	$11.67
Net investment income¹	0.24	0.31	0.20	0.06	0.31
Net realized and unrealized gain (loss) on investments	0.58	(4.89)	2.96	1.33	1.15
Total from investment operations	0.82	(4.58)	3.16	1.39	1.46
Less distributions
From net investment income	(0.15)	(0.35)	(0.12)	(0.29)	(0.15)
From net realized gain	—	(0.49)	—	—	(0.17)
Total distributions	(0.15)	(0.84)	(0.12)	(0.29)	(0.32)
Net asset value, end of period	$12.20	$11.53	$16.95	$13.91	$12.81
Total return (%)²	7.07	(28.22)	22.73	11.01	12.95
Ratios and supplemental data
Net assets, end of period (in millions)	$48	$37	$2	$1	$2
Ratios (as a percentage of average net assets):
Expenses before reductions	1.06	1.07	1.12	1.23	1.27
Expenses including reductions	0.86	0.86	0.90	0.92	0.92
Net investment income	1.79	2.49	1.21	0.42	2.54
Portfolio turnover (%)	27	27	28	34	32

¹	Based on average daily shares outstanding.
²	Total returns would have been lower had certain expenses not been reduced during the applicable periods.

JOHN HANCOCK ESG International Equity Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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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 Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.

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

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

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The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund’s investments as of October 31, 2023, by major security category or type:

	Total value at 10-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Australia	$3,246,019	—	$3,246,019	—
Brazil	3,465,384	$3,465,384	—	—
Canada	2,530,506	2,530,506	—	—
Chile	981,600	981,600	—	—
China	8,951,448	4,401,961	4,549,487	—
Denmark	5,879,161	—	5,879,161	—
Finland	2,565,025	—	2,565,025	—
France	11,294,052	—	11,294,052	—
Germany	13,542,624	—	13,542,624	—
Hong Kong	1,216,096	—	1,216,096	—
India	2,314,931	2,314,931	—	—
Indonesia	6,065,201	—	6,065,201	—
Ireland	1,302,512	—	1,302,512	—
Italy	1,699,458	—	1,699,458	—
Japan	14,552,441	—	14,552,441	—
Netherlands	7,632,898	—	7,632,898	—
Philippines	1,836,889	—	1,836,889	—
Singapore	4,356,692	—	4,356,692	—
South Africa	2,062,424	—	2,062,424	—
South Korea	6,182,079	2,224,123	3,957,956	—
Spain	1,920,201	—	1,920,201	—
Sweden	3,753,913	—	3,753,913	—
Switzerland	3,283,736	—	3,283,736	—
Taiwan	8,031,267	4,714,339	3,316,928	—
Thailand	1,495,998	—	1,495,998	—

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	Total value at 10-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
United Kingdom	$17,756,861	—	$17,756,861	—
Total investments in securities	$137,919,416	$20,632,844	$117,286,572	—

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.

There may be unexpected restrictions on investments or on exposures to investments in companies located in certain foreign countries, such as China. For example, a government may restrict investment in companies or industries considered important to national interests, or intervene in the financial markets, such as by imposing trading restrictions, or banning or curtailing short selling. As a result of forced sales of a security, or inability to participate in an investment the manager otherwise believes is attractive, a fund may incur losses.

Trading in certain Chinese securities through Hong Kong Stock Connect or Bond Connect, mutual market access programs that enable foreign investment in the People’s Republic of China, is subject to certain restrictions and risks. Securities offered through these programs may lose purchase eligibility and any changes in laws, regulations and policies impacting these programs may affect security prices, which could adversely affect the fund’s performance.

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.

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Line of credit. 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 $750 million, subject to asset coverage and other limitations as specified in the agreement. 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, 2023, the fund had no borrowings under the line of credit. Commitment fees for the year ended October 31, 2023 were $4,238.

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, 2023, the fund has a short-term capital loss carryforward of $1,070,644 and a long-term capital loss carryforward of $10,816,948 available to offset future net realized capital gains. These carryforwards do not expire.

As of October 31, 2023, 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, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$1,570,595	$3,189,945
Long-term capital gains	—	3,201,549
Total	$1,570,595	$6,391,494

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, 2023, the components of distributable earnings on a tax basis consisted of $2,924,392 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.

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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.

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 John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.

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, 2023, this waiver amounted to 0.01% of the fund’s average daily net assets. This arrangement expires on July 31, 2025, 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 0.85% 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, 2024, 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, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$19,550
Class I	196,805

Class	Expense reduction
Class R6	$93,981
Total	$310,336

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

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The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended October 31, 2023, were equivalent to a net annual effective rate of 0.65% 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, 2023, 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 $18,556 for the year ended October 31, 2023. Of this amount, $3,069 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $15,487 was paid as sales commissions to broker-dealers.

Class A shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and 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, 2023, CDSCs received by the Distributor amounted to $32 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, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$24,529	$11,523
Class I	—	117,324
Class R6	—	3,210
Total	$24,529	$132,057

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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	$10,600,000	1	5.795%	$(1,706)

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	326,959	$4,315,022	302,219	$4,034,209
Distributions reinvested	5,582	69,829	28,187	429,856
Repurchased	(199,258)	(2,632,758)	(208,655)	(2,767,409)
Net increase	133,283	$1,752,093	121,751	$1,696,656
Class I shares
Sold	1,983,913	$25,973,982	2,794,047	$38,308,867
Distributions reinvested	48,458	606,689	217,779	3,321,135
Repurchased	(2,593,281)	(34,085,715)	(2,284,822)	(31,929,660)
Net increase (decrease)	(560,910)	$(7,505,044)	727,004	$9,700,342
Class R6 shares
Sold	856,727	$11,343,193	3,233,408	$44,865,849
Distributions reinvested	9,553	119,604	9,152	139,657
Repurchased	(209,069)	(2,718,157)	(109,776)	(1,383,281)
Net increase	657,211	$8,744,640	3,132,784	$43,622,225
Total net increase	229,584	$2,991,689	3,981,539	$55,019,223

Affiliates of the fund owned 27% and 64% of shares of Class I and Class R6, respectively, on October 31, 2023. 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 $47,654,043 and $41,072,782, respectively, for the year ended October 31, 2023.

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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, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (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, 2023, 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, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 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, 2023 by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 7, 2023

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

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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, 2023.

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 as Section 163(j) Interest Dividends.

Income derived from foreign sources was $4,470,153. The fund intends to pass through foreign tax credits of $382,276.

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 2023 Form 1099-DIV in early 2024. This will reflect the tax character of all distributions paid in calendar year 2023.

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

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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 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

At a meeting held on June 26-29, 2023, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, 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 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.

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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, derivatives risk 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;
(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;

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(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 three- and five-year periods and underperformed for the one-year period ended December 31, 2022. The Board also noted that the fund outperformed the peer group median for the five-year period and underperformed for the one- and three-year periods ended December 31, 2022. The Board took into account management’s discussion of the fund’s performance, including favorable performance relative to its benchmark index for the three- and five-year periods and the peer group median for the five-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 over the longer term.

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.

The Board took into account management’s discussion of the fund’s expenses. 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

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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
(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

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	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.

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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.

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

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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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

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Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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 duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

ANNUAL REPORT | JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND

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More information

Trustees

Hassell H. McClellan, Chairperson^π
Steven R. Pruchansky, Vice Chairperson
Andrew G. Arnott^†
James R. Boyle
William H. Cunningham^*
Grace K. Fey
Noni L. Ellison
Dean C. Garfield
Deborah C. Jackson
Paul Lorentz^†
Frances G. Rathke^*
Gregory A. Russo

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Boston Common Asset Management, LLC

Portfolio Managers

Praveen S. Abichandani, CFA
Corné Biemans
Matthew 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

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

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 7^th Street Suite 219909 Kansas City, MO 64105-1407

JOHN HANCOCK ESG INTERNATIONAL EQUITY FUND | ANNUAL REPORT

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John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

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.

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EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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 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 Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife Investment Management (US) 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.

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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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

Manulife Investment Management, the Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by its affiliates under license.

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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.

MF3208598

469A 10/23

12/2023

A message to shareholders

Dear shareholder,

U.S. stocks posted gains for the 12 months ended October 31, 2023, although losses were experienced during the final three months of the period. Even though the U.S. Federal Reserve continued to raise interest rates, falling inflation gave investors confidence that the tightening cycle would likely recede at some point within the next year. Economic growth, while slowing, remained in positive territory even as interest rates rose. Together, these factors helped stocks overcome potential headwinds such as ongoing geopolitical instability, including the conflict in the Gaza Strip.

Sincerely,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2023 (%)

The S&P 500 Index tracks the performance of 500 of the largest publicly traded companies in 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.

JOHN HANCOCK ESG LARGE CAP CORE FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Markets had a volatile period

The ongoing conflict in Ukraine and, late in the period, in the Gaza Strip cast a shadow over global markets.

The fund underperformed its benchmark, the S&P 500 Index

The fund lagged due to weak security selection in the financials and communication services sectors, along with an underweight in the latter category.

Positive performance impacts

Strong security selection in healthcare aided the fund’s performance.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

The fund is subject to various risks as described in the fund’s prospectuses. Political tensions, armed conflicts, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a country into an economic recession. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange-trading suspensions, and closures, which may lead to less liquidity in certain instruments, industries, sectors, or the markets, generally, and may ultimately affect fund performance. For more information, please refer to the “Principal risks” section of the prospectuses.

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Management’s discussion of fund performance

How did the stock market perform during the 12 months ended October 31, 2023?

Stock investors experienced a volatile year marked by geopolitical instability. The ongoing conflict in Ukraine and, late in the period, between Israel and Hamas cast a shadow over global markets. Late in the period, the U.S. Federal Reserve paused its program of interest-rate hikes as inflation moderated and as it hoped to achieve a soft economic landing. Against this backdrop, the U.S. large-cap equity market rose this period, mainly on the strength of several growth stocks.

How did the fund perform, and which stocks most influenced its relative performance?

The fund trailed its benchmark, mostly due to weak security selection in the financials and communication services sectors, while an underweight in this latter category also detracted. In contrast, stock picking in healthcare added relative value.

One of the fund’s largest relative detractors was not owning Meta Platforms, Inc., parent of Facebook. Another was an underweight in NVIDIA Corp., a maker of specialized chips for graphics processing, gaming, and artificial intelligence (AI). For much of this period, the fund underweighted NVIDIA, whose stock rose sharply on the strength of the firm’s AI business. Late in the period, we moved the fund to a

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Microsoft Corp.	7.7
Apple, Inc.	7.0
Alphabet, Inc., Class A	4.9
NVIDIA Corp.	3.3
Merck & Company, Inc.	2.7
Elevance Health, Inc.	2.6
Costco Wholesale Corp.	2.6
The TJX Companies, Inc.	2.4
Mastercard, Inc., Class A	2.3
Palo Alto Networks, Inc.	2.1
TOTAL	37.6
Cash and cash equivalents are not included.

COUNTRY COMPOSITION AS OF 10/31/2023 (% of net assets)
United States	87.9
Ireland	3.9
United Kingdom	3.1
Netherlands	2.3
Canada	1.4
Denmark	1.4
TOTAL	100.0

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modest overweight in this stock. Other notable detractors were Target Corp., whose shares fell as the retailer encountered business challenges, and Elevance Health, Inc., a managed healthcare firm that struggled on investors’ concern about changes to Medicare payment rules.

In contrast, the fund’s largest contributor was an out-of-benchmark position in Novo Nordisk A/S, a Danish drugmaker whose shares rose on excitement about the financial prospects for Ozempic, the firm’s diabetes drug that showed further promise as a treatment for obesity. Also adding value was Palo Alto Networks, Inc., a network-security company that has benefited from increased demand for cybersecurity products, and Adobe, Inc., an electronic publishing company that benefited from its perceived business opportunities related to AI.

Can you tell us about an addition to the portfolio management team?

Effective September 14, 2023, Samantha D’Amore joined the management team.

MANAGED BY

Cheryl I. Smith, Ph.D., CFA

Elizabeth R. Levy, CFA

Mitali Prasad, CFA

Samantha D’Amore

The views expressed in this report are exclusively those of the portfolio management team at 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.

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

Average annual total returns (%) with maximum sales charge				Cumulative total returns (%) with maximum sales charge
	1-year	5-year	Since inception (6-6-16)	5-year	Since inception (6-6-16)
Class A	1.75	8.93	9.77	53.34	99.48
Class C	5.30	9.24	9.72	55.54	98.80
Class I¹	7.35	10.33	10.82	63.46	114.04
Class R6¹	7.47	10.44	10.94	64.31	115.73
Index^†	10.14	11.01	11.80	68.59	128.41

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 fee waivers and expense limitations in effect until February 28, 2024 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 (%)	1.26	2.01	1.01	0.91
Net (%)	1.12	1.87	0.87	0.76

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

^† Index is the S&P 500 Index.

See the following page for footnotes.

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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

Hypothetical example for comparison purposes

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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 5-1-2023	Ending value on 10-31-2023	Expenses paid during period ended 10-31-2023¹	Annualized expense ratio
Class A	Actual expenses/actual returns	$1,000.00	$989.00	$5.61	1.12%
	Hypothetical example	1,000.00	1,019.60	5.70	1.12%
Class C	Actual expenses/actual returns	1,000.00	985.40	9.36	1.87%
	Hypothetical example	1,000.00	1,015.80	9.50	1.87%
Class I	Actual expenses/actual returns	1,000.00	990.60	4.37	0.87%
	Hypothetical example	1,000.00	1,020.80	4.43	0.87%
Class R6	Actual expenses/actual returns	1,000.00	991.10	3.81	0.76%
	Hypothetical example	1,000.00	1,021.40	3.87	0.76%

¹	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

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Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 98.9%		$112,779,270
(Cost $74,882,184)
Communication services 5.9%		6,771,543
Diversified telecommunication services 1.0%
Verizon Communications, Inc.	33,579	1,179,630
Interactive media and services 4.9%
Alphabet, Inc., Class A (A)	45,067	5,591,913
Consumer discretionary 8.8%		10,035,631
Automobile components 0.6%
Aptiv PLC (A)	7,900	688,880
Hotels, restaurants and leisure 1.4%
Chipotle Mexican Grill, Inc. (A)	536	1,041,019
Starbucks Corp.	6,338	584,617
Specialty retail 4.4%
The Home Depot, Inc.	4,591	1,307,012
The TJX Companies, Inc.	30,526	2,688,425
Tractor Supply Company	5,266	1,014,021
Textiles, apparel and luxury goods 2.4%
Lululemon Athletica, Inc. (A)	4,171	1,641,205
NIKE, Inc., Class B	10,416	1,070,452
Consumer staples 8.7%		9,976,400
Consumer staples distribution and retail 5.3%
Costco Wholesale Corp.	5,289	2,921,855
Sysco Corp.	19,341	1,285,983
Target Corp.	16,475	1,825,265
Food products 0.8%
McCormick & Company, Inc.	14,564	930,640
Household products 1.2%
The Procter & Gamble Company	8,902	1,335,567
Personal care products 1.4%
Unilever PLC, ADR	35,419	1,677,090
Financials 11.4%		12,951,163
Banks 1.7%
Bank of America Corp.	45,043	1,186,433
The PNC Financial Services Group, Inc.	6,199	709,600
Capital markets 1.2%
LPL Financial Holdings, Inc.	6,058	1,360,142
Financial services 3.8%
Mastercard, Inc., Class A	7,061	2,657,407

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	Shares	Value
Financials (continued)
Financial services (continued)
Visa, Inc., Class A	7,247	$1,703,770
Insurance 4.7%
Aflac, Inc.	20,786	1,623,594
The Progressive Corp.	11,721	1,852,973
The Travelers Companies, Inc.	11,092	1,857,244
Health care 15.7%		17,908,724
Health care equipment and supplies 1.7%
Becton, Dickinson and Company	3,122	789,179
Stryker Corp.	4,054	1,095,472
Health care providers and services 5.4%
CVS Health Corp.	17,640	1,217,336
Elevance Health, Inc.	6,525	2,936,837
UnitedHealth Group, Inc.	3,844	2,058,693
Life sciences tools and services 2.9%
IQVIA Holdings, Inc. (A)	4,916	888,960
Thermo Fisher Scientific, Inc.	2,074	922,453
West Pharmaceutical Services, Inc.	4,870	1,550,072
Pharmaceuticals 5.7%
AstraZeneca PLC, ADR	28,569	1,806,418
Merck & Company, Inc.	29,432	3,022,666
Novo Nordisk A/S, ADR	16,782	1,620,638
Industrials 10.6%		12,093,068
Air freight and logistics 1.1%
United Parcel Service, Inc., Class B	9,018	1,273,793
Building products 1.3%
Trane Technologies PLC	8,016	1,525,525
Commercial services and supplies 1.5%
Waste Management, Inc.	10,510	1,727,108
Construction and engineering 0.8%
Quanta Services, Inc.	5,453	911,305
Electrical equipment 2.5%
Eaton Corp. PLC	9,996	2,078,268
Rockwell Automation, Inc.	2,982	783,699
Ground transportation 1.1%
JB Hunt Transport Services, Inc.	7,340	1,261,526
Machinery 1.2%
Deere & Company	3,565	1,302,508
Professional services 1.1%
Verisk Analytics, Inc.	5,407	1,229,336

SEE NOTES TO FINANCIAL STATEMENTS

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	Shares	Value
Information technology 29.4%		$33,498,527
IT services 2.0%
Accenture PLC, Class A	7,457	2,215,400
Semiconductors and semiconductor equipment 7.1%
ASML Holding NV, NYRS	2,703	1,618,583
First Solar, Inc. (A)	6,105	869,657
NVIDIA Corp.	9,137	3,726,069
NXP Semiconductors NV	5,593	964,401
Texas Instruments, Inc.	6,385	906,734
Software 13.3%
Adobe, Inc. (A)	4,101	2,181,978
Microsoft Corp.	25,866	8,745,556
Palo Alto Networks, Inc. (A)	9,786	2,378,194
ServiceNow, Inc. (A)	3,216	1,871,230
Technology hardware, storage and peripherals 7.0%
Apple, Inc.	46,968	8,020,725
Materials 2.6%		2,925,130
Chemicals 2.6%
Ecolab, Inc.	5,429	910,660
International Flavors & Fragrances, Inc.	8,366	571,816
Linde PLC	3,775	1,442,654
Real estate 4.3%		4,896,588
Industrial REITs 0.8%
Prologis, Inc.	9,065	913,299
Residential REITs 0.8%
AvalonBay Communities, Inc.	5,242	868,809
Specialized REITs 2.7%
American Tower Corp.	11,279	2,009,805
Equinix, Inc.	1,514	1,104,675
Utilities 1.5%		1,722,496
Electric utilities 0.8%
Avangrid, Inc.	31,785	949,418
Water utilities 0.7%
American Water Works Company, Inc.	6,571	773,078

	Yield (%)	Shares	Value
Short-term investments 1.3%			$1,497,518
(Cost $1,497,518)
Short-term funds 1.3%			1,497,518
Federated Government Obligations Fund, Institutional Class	5.2186(B)	1,497,518	1,497,518

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Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $76,379,702)	$114,276,788
Dividends and interest receivable	88,100
Receivable for fund shares sold	308,713
Other assets	43,313
Total assets	114,716,914
Liabilities
Payable for fund shares repurchased	600,047
Payable to affiliates
Investment management fees	753
Accounting and legal services fees	8,383
Transfer agent fees	11,078
Trustees’ fees	214
Other liabilities and accrued expenses	66,682
Total liabilities	687,157
Net assets	$114,029,757
Net assets consist of
Paid-in capital	$76,057,305
Total distributable earnings (loss)	37,972,452
Net assets	$114,029,757

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 ($25,438,406 ÷ 1,347,808 shares)¹	$18.87
Class C ($3,883,866 ÷ 213,051 shares)¹	$18.23
Class I ($75,384,311 ÷ 3,979,893 shares)	$18.94
Class R6 ($9,323,174 ÷ 491,618 shares)	$18.96
Maximum offering price per share
Class A (net asset value per share ÷ 95%)²	$19.86

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.

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Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$17.70	$22.34	$15.63	$14.48	$12.79
Net investment income¹	0.09	0.05	—²	0.06	0.07
Net realized and unrealized gain (loss) on investments	1.16	(4.04)	7.09	1.28	1.88
Total from investment operations	1.25	(3.99)	7.09	1.34	1.95
Less distributions
From net investment income	(0.08)	—²	(0.05)	(0.07)	(0.05)
From net realized gain	—	(0.65)	(0.33)	(0.12)	(0.21)
Total distributions	(0.08)	(0.65)	(0.38)	(0.19)	(0.26)
Net asset value, end of period	$18.87	$17.70	$22.34	$15.63	$14.48
Total return (%)^3,4	7.10	(18.36)	46.10	9.29	15.59
Ratios and supplemental data
Net assets, end of period (in millions)	$25	$22	$20	$5	$9
Ratios (as a percentage of average net assets):
Expenses before reductions	1.31	1.26	1.30	1.46	1.47
Expenses including reductions	1.12	1.12	1.15	1.18	1.18
Net investment income	0.46	0.25	0.01	0.43	0.54
Portfolio turnover (%)	12	16	14⁵	30	21

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	Excludes merger activity.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS C SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$17.15	$21.82	$15.34	$14.26	$12.64
Net investment loss¹	(0.05)	(0.09)	(0.14)	(0.05)	(0.03)
Net realized and unrealized gain (loss) on investments	1.13	(3.93)	6.95	1.25	1.86
Total from investment operations	1.08	(4.02)	6.81	1.20	1.83
Less distributions
From net realized gain	—	(0.65)	(0.33)	(0.12)	(0.21)
Net asset value, end of period	$18.23	$17.15	$21.82	$15.34	$14.26
Total return (%)^2,3	6.30	(18.96)	45.03	8.47	14.78
Ratios and supplemental data
Net assets, end of period (in millions)	$4	$4	$5	$2	$2
Ratios (as a percentage of average net assets):
Expenses before reductions	2.06	2.01	2.05	2.21	2.22
Expenses including reductions	1.87	1.87	1.90	1.93	1.93
Net investment loss	(0.29)	(0.50)	(0.73)	(0.34)	(0.21)
Portfolio turnover (%)	12	16	14⁴	30	21

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 merger activity.

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CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$17.77	$22.41	$15.67	$14.51	$12.82
Net investment income¹	0.14	0.10	0.06	0.10	0.11
Net realized and unrealized gain (loss) on investments	1.16	(4.04)	7.10	1.28	1.87
Total from investment operations	1.30	(3.94)	7.16	1.38	1.98
Less distributions
From net investment income	(0.13)	(0.05)	(0.09)	(0.10)	(0.08)
From net realized gain	—	(0.65)	(0.33)	(0.12)	(0.21)
Total distributions	(0.13)	(0.70)	(0.42)	(0.22)	(0.29)
Net asset value, end of period	$18.94	$17.77	$22.41	$15.67	$14.51
Total return (%)²	7.35	(18.13)	46.49	9.58	15.86
Ratios and supplemental data
Net assets, end of period (in millions)	$75	$108	$164	$58	$51
Ratios (as a percentage of average net assets):
Expenses before reductions	1.06	1.01	1.05	1.21	1.23
Expenses including reductions	0.87	0.87	0.90	0.93	0.93
Net investment income	0.73	0.49	0.28	0.64	0.79
Portfolio turnover (%)	12	16	14³	30	21

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 merger activity.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$17.79	$22.44	$15.69	$14.52	$12.83
Net investment income¹	0.15	0.12	0.07	0.12	0.12
Net realized and unrealized gain (loss) on investments	1.17	(4.05)	7.11	1.28	1.87
Total from investment operations	1.32	(3.93)	7.18	1.40	1.99
Less distributions
From net investment income	(0.15)	(0.07)	(0.10)	(0.11)	(0.09)
From net realized gain	—	(0.65)	(0.33)	(0.12)	(0.21)
Total distributions	(0.15)	(0.72)	(0.43)	(0.23)	(0.30)
Net asset value, end of period	$18.96	$17.79	$22.44	$15.69	$14.52
Total return (%)²	7.47	(18.07)	46.63	9.75	15.97
Ratios and supplemental data
Net assets, end of period (in millions)	$9	$6	$4	$1	$2
Ratios (as a percentage of average net assets):
Expenses before reductions	0.95	0.91	0.94	1.10	1.12
Expenses including reductions	0.76	0.76	0.79	0.82	0.82
Net investment income	0.80	0.61	0.37	0.77	0.90
Portfolio turnover (%)	12	16	14³	30	21

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 merger activity.

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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.

Note 2—Significant accounting policies

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valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

As of October 31, 2023, 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 their 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.

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For federal income tax purposes, as of October 31, 2023, the fund has a short-term capital loss carryforward of $252,207 available to offset future net realized capital gains. This carryforward does not expire.

The tax character of distributions for the years ended October 31, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$846,536	$370,164
Long-term capital gains	—	5,636,896
Total	$846,536	$6,007,060

Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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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 0.75% 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. This agreement expires on February 28, 2024, 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, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$47,320
Class C	7,729
Class I	173,230

Class	Expense reduction
Class R6	$15,434
Total	$243,713

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

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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 $30,868 for the year ended October 31, 2023. Of this amount, $4,886 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $25,982 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 purchased, including those that are acquired through purchases of $1 million or more, and 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, 2023, CDSCs received by the Distributor amounted to $179 and $682 for Class A and Class C shares, respectively.

Class level expenses. Class level expenses for the year ended October 31, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$62,125	$29,177
Class C	40,611	4,767
Class I	—	106,942
Class R6	—	531
Total	$102,736	$141,417

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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	$2,700,000	2	5.307%	$(796)

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	371,548	$6,977,369	616,558	$12,215,419
Distributions reinvested	5,980	104,707	28,551	611,278
Repurchased	(284,560)	(5,381,805)	(273,794)	(5,380,178)
Net increase	92,968	$1,700,271	371,315	$7,446,519
Class C shares
Sold	40,684	$731,077	50,640	$999,693
Distributions reinvested	—	—	7,721	161,131
Repurchased	(64,918)	(1,171,709)	(63,506)	(1,118,281)
Net increase (decrease)	(24,234)	$(440,632)	(5,145)	$42,543
Class I shares
Sold	843,531	$16,047,988	1,895,239	$37,480,638
Distributions reinvested	29,468	516,869	150,612	3,229,126
Repurchased	(2,999,022)	(56,433,761)	(3,239,685)	(60,235,411)
Net decrease	(2,126,023)	$(39,868,904)	(1,193,834)	$(19,525,647)
Class R6 shares
Sold	289,624	$5,467,986	188,231	$3,728,843
Distributions reinvested	3,034	53,213	6,605	141,671
Repurchased	(111,730)	(2,132,795)	(58,082)	(1,113,469)
Net increase	180,928	$3,388,404	136,754	$2,757,045
Total net decrease	(1,876,361)	$(35,220,861)	(690,910)	$(9,279,540)

Affiliates of the fund owned 7% of shares of Class I on October 31, 2023. 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 $15,607,368 and $50,001,843, respectively, for the year ended October 31, 2023.

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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—Environmental, social, and governance (ESG) investing risk

Incorporating ESG criteria and investing primarily in instruments that have certain ESG characteristics, as determined by the manager, carries the risk that the fund may perform differently, including underperforming, funds that do not utilize an ESG investment strategy, or funds that utilize different ESG criteria. Although the manager has established its own process for evaluation of ESG factors, successful application of the fund’s sustainable investment strategy will depend on the manager’s skill in researching, identifying and analyzing material ESG issues as well as on the availability of relevant data. ESG factors may be evaluated differently by different managers, and may not carry the same meaning to all investors and managers. The regulatory landscape with respect to ESG investing in the United States is evolving and any future rules or regulations may require the fund to change its investment process with respect to ESG integration.

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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, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (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, 2023, 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, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

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, 2023 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 7, 2023

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

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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 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

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.

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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, derivatives risk 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 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;
(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;

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(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.

(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 five-year period ended December 31, 2022 and underperformed for the one- and three-year periods. The Board also noted that the fund outperformed the peer group median for the three- and five-year periods ended December 31, 2022 and underperformed for the one-year period. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to its benchmark index for the five-year period and the peer group median for the 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 over the longer term.

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

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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.

(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.

(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

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	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.

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.

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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 over the longer term;
(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.

* * *

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Trustees and Officers

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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

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Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

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Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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

¹	Each Trustee holds office until his or her successor is duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

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More information

Trustees

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Trillium Asset Management, LLC

Portfolio Managers

Samantha D’Amore¹
Elizabeth R. Levy, CFA
Mitali Prasad, 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

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

¹ Effective September 14, 2023, Samantha D’Amore was added as a portfolio manager of the fund.

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 7^th Street Suite 219909 Kansas City, MO 64105-1407

ANNUAL REPORT | JOHN HANCOCK ESG LARGE CAP CORE FUND

Table of Contents

John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

Table of Contents

EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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

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A trusted brand

A better way to invest

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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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.

MF3208600

467A 10/23

12/2023

A message to shareholders

Dear shareholder,

Sincerely,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2023 (%)

The S&P 500 Index tracks the performance of 500 of the largest publicly traded companies in 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.

JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

U.S. stocks rallied amid a resilient economic backdrop

The fund’s benchmark, the S&P 500 Index, rose as inflation eased, the U.S. Federal Reserve slowed its interest-rate increases, and the U.S. economy remained resilient.

The fund outperformed its benchmark

Security selection in the consumer discretionary sector and stock picks in the underweighted consumer staples sector helped the fund outpace the index.

Security selection in communication services notably detracted

Investment choices in the communication services, as well as the healthcare and information technology sectors, detracted.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND

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Management’s discussion of fund performance

How did the U.S. stock market perform during the 12 months ended October 31, 2023?

After bottoming in October 2022, the stock market rose as the economy remained resilient and inflation cooled. Better-than-expected corporate earnings and a slowdown in the U.S. Federal Reserve’s interest-rate increases also encouraged investors. These tailwinds outweighed the impact of high interest rates and a regional banking crisis last spring. Geopolitical uncertainty, highlighted by the conflicts in Ukraine and the Middle East, did little to stall the market’s rebound. Growth-oriented investments led the way, with the communication services and information technology sectors posting especially sizable gains. Conversely, the interest-rate sensitive real estate and utilities sectors declined.

Which sectors and stocks helped the fund outperform the benchmark?

Stock picks in the consumer discretionary and consumer staples sectors notably aided the fund’s relative performance. The biggest individual contributor was a non-index stake in Workday, Inc. The stock rallied sharply, as growing demand for the company’s cloud-based financial and human capital software drove better-than-expected quarterly earnings and led management to raise its outlook for 2024.

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Amazon.com, Inc.	8.4
Apple, Inc.	7.5
Alphabet, Inc., Class A	5.8
Microsoft Corp.	4.4
Salesforce, Inc.	4.3
KKR & Company, Inc.	3.9
Lennar Corp., A Shares	3.7
Cheniere Energy, Inc.	3.7
Anheuser-Busch InBev SA/NV, ADR	3.6
Workday, Inc., Class A	3.3
TOTAL	48.6
Cash and cash equivalents are not included.

JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | ANNUAL REPORT

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In the consumer discretionary sector, sizable overweights in homebuilder Lennar Corp. and e-commerce giant Amazon.com, Inc. performed well. Lennar’s shares benefited as the U.S. housing shortage drove strong demand, despite higher interest rates. Amazon’s stock gained from profit margin growth and cash flow acceleration as the company grew into its expanded infrastructure.

Which sectors and stocks detracted from relative performance?

Security selection in the communication services sector notably hindered the fund’s relative result this period. Stock picks in healthcare and information technology also hampered performance.

Not owning stakes in AI hardware and software provider NVIDIA Corp. and Facebook parent Meta Platforms, Inc. were the fund’s biggest detractors. Other detractors included biopharmaceuticals company Moderna, Inc. Its stock sank as investors worried about waning demand for COVID-19 vaccines and overlooked the potential from new products in development. Another disappointment was wireless tower company Crown Castle, Inc. Its stock was pressured by high interest rates and concern that wireless providers would slow their spending on new capacity. Each of these positions was an overweight. Elsewhere, a non-index stake in liquefied natural gas company Chenière Energy, Inc. pulled back, as investors locked in gains fueled by elevated gas prices and the company’s long-term contracts.

MANAGED BY

Emory W. Sanders, Jr., CFA

Jonathan T. White, CFA

The views expressed in this report are exclusively those of Emory W. Sanders, Jr., CFA, and Jonathan T. White, 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 FUNDAMENTAL LARGE CAP CORE FUND

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

Average annual total returns (%) with maximum sales charge				Cumulative total returns (%) with maximum sales charge
	1-year	5-year	10-year	5-year	10-year
Class A	5.22	8.70	8.84	51.73	133.31
Class C	8.93	9.00	8.59	53.86	127.88
Class I¹	11.03	10.10	9.68	61.76	151.98
Class R2¹	10.64	9.69	9.26	58.78	142.43
Class R4¹	10.88	9.94	9.52	60.61	148.32
Class R5¹	11.09	10.16	9.74	62.24	153.30
Class R6¹	11.15	10.22	9.80	62.63	154.70
Class NAV^1,2	11.18	10.23	9.67	62.74	151.73
Index ^†	10.14	11.01	11.18	68.59	188.47

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 fee waivers and expense limitations in effect until February 28, 2024 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 (%)	1.02	1.77	0.77	1.16	1.01	0.71	0.66	0.65
Net (%)	1.01	1.76	0.76	1.15	0.90	0.70	0.65	0.64

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

^† Index is the S&P 500 Index.

See the following page for footnotes.

JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | ANNUAL REPORT

Table of Contents

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	10-31-13	22,788	22,788	28,847
Class I¹	10-31-13	25,198	25,198	28,847
Class R2¹	10-31-13	24,243	24,243	28,847
Class R4¹	10-31-13	24,832	24,832	28,847
Class R5¹	10-31-13	25,330	25,330	28,847
Class R6¹	10-31-13	25,470	25,470	28,847
Class NAV^1,2	10-31-13	25,173	25,173	28,847

The S&P 500 Index tracks the performance of 500 of the largest publicly traded companies in 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 prospectuses.
²	Class NAV shares were first offered on 2-8-17. Returns prior to this date 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 FUNDAMENTAL LARGE CAP CORE FUND

Table of Contents

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

Hypothetical example for comparison purposes

JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | ANNUAL REPORT

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SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2023	Ending value on 10-31-2023	Expenses paid during period ended 10-31-2023¹	Annualized expense ratio
Class A	Actual expenses/actual returns	$1,000.00	$ 995.60	$5.18	1.03%
	Hypothetical example	1,000.00	1,020.00	5.24	1.03%
Class C	Actual expenses/actual returns	1,000.00	992.00	8.94	1.78%
	Hypothetical example	1,000.00	1,016.20	9.05	1.78%
Class I	Actual expenses/actual returns	1,000.00	997.00	3.93	0.78%
	Hypothetical example	1,000.00	1,021.30	3.97	0.78%
Class R2	Actual expenses/actual returns	1,000.00	995.10	5.68	1.13%
	Hypothetical example	1,000.00	1,019.50	5.75	1.13%
Class R4	Actual expenses/actual returns	1,000.00	996.30	4.58	0.91%
	Hypothetical example	1,000.00	1,020.60	4.63	0.91%
Class R5	Actual expenses/actual returns	1,000.00	997.30	3.57	0.71%
	Hypothetical example	1,000.00	1,021.60	3.62	0.71%
Class R6	Actual expenses/actual returns	1,000.00	997.50	3.32	0.66%
	Hypothetical example	1,000.00	1,021.90	3.36	0.66%
Class NAV	Actual expenses/actual returns	1,000.00	997.70	3.32	0.66%
	Hypothetical example	1,000.00	1,021.90	3.36	0.66%

¹	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND

Table of Contents

Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 98.5%		$4,571,926,686
(Cost $2,788,421,377)
Communication services 11.0%		510,765,454
Entertainment 5.2%
Atlanta Braves Holdings, Inc., Series C (A)	57,217	1,990,007
Liberty Media Corp.-Liberty Formula One, Series C (A)	1,939,495	125,465,932
Liberty Media Corp.-Liberty Live, Series C (A)	83,707	2,667,742
The Walt Disney Company (A)	728,338	59,425,097
Warner Brothers Discovery, Inc. (A)	5,305,130	52,732,992
Interactive media and services 5.8%
Alphabet, Inc., Class A (A)	2,163,795	268,483,684
Consumer discretionary 16.0%		744,674,659
Broadline retail 9.7%
Amazon.com, Inc. (A)	2,921,182	388,780,113
eBay, Inc.	1,512,935	59,352,440
Hotels, restaurants and leisure 1.6%
Airbnb, Inc., Class A (A)	646,861	76,517,188
Household durables 3.7%
Lennar Corp., A Shares	1,633,075	174,216,441
Leisure products 1.0%
Polaris, Inc.	530,068	45,808,477
Consumer staples 5.8%		269,490,805
Beverages 3.6%
Anheuser-Busch InBev SA/NV, ADR	2,908,467	165,404,518
Consumer staples distribution and retail 2.2%
Walmart, Inc.	636,964	104,086,287
Energy 3.7%		173,616,500
Oil, gas and consumable fuels 3.7%
Cheniere Energy, Inc.	1,043,243	173,616,500
Financials 13.1%		607,281,132
Banks 0.6%
Wells Fargo & Company	685,690	27,269,891
Capital markets 11.3%
KKR & Company, Inc.	3,268,975	181,101,215
Morgan Stanley	1,756,756	124,413,460
Nasdaq, Inc.	1,968,080	97,616,768
State Street Corp.	368,274	23,801,549
The Goldman Sachs Group, Inc.	325,982	98,971,395

JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

	Shares	Value
Financials (continued)
Financial services 1.2%
Visa, Inc., Class A	230,144	$54,106,854
Health care 6.8%		314,208,840
Biotechnology 1.4%
Moderna, Inc. (A)	872,309	66,260,592
Health care providers and services 2.7%
Elevance Health, Inc.	216,991	97,665,479
UnitedHealth Group, Inc.	46,144	24,712,881
Life sciences tools and services 2.7%
Danaher Corp.	368,897	70,835,602
Thermo Fisher Scientific, Inc.	123,062	54,734,286
Industrials 7.8%		361,287,744
Aerospace and defense 4.9%
Airbus SE	481,237	64,522,453
General Dynamics Corp.	238,091	57,453,739
Lockheed Martin Corp.	190,609	86,658,476
RTX Corp.	223,549	18,194,653
Building products 0.2%
Carrier Global Corp.	220,640	10,515,702
Commercial services and supplies 0.2%
Veralto Corp. (A)	122,965	8,484,585
Ground transportation 1.7%
Union Pacific Corp.	383,391	79,595,806
Machinery 0.2%
Otis Worldwide Corp.	110,332	8,518,734
Trading companies and distributors 0.6%
United Rentals, Inc.	67,304	27,343,596
Information technology 29.6%		1,374,892,484
Semiconductors and semiconductor equipment 7.0%
Analog Devices, Inc.	577,461	90,851,939
Broadcom, Inc.	63,577	53,491,780
KLA Corp.	217,556	102,186,053
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	601,572	51,921,679
Texas Instruments, Inc.	182,832	25,963,972
Software 15.1%
Intuit, Inc.	182,511	90,333,819
Microsoft Corp.	604,245	204,301,277
Oracle Corp.	548,861	56,752,227
Salesforce, Inc. (A)	1,001,447	201,120,601
Workday, Inc., Class A (A)	712,693	150,884,235

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND

Table of Contents

	Shares	Value
Information technology (continued)
Technology hardware, storage and peripherals 7.5%
Apple, Inc.	2,032,470	$347,084,902
Materials 0.8%		36,172,975
Chemicals 0.8%
LyondellBasell Industries NV, Class A	400,853	36,172,975
Real estate 3.9%		179,536,093
Specialized REITs 3.9%
American Tower Corp.	194,398	34,639,780
Crown Castle, Inc.	1,558,360	144,896,313

	Yield* (%)	Maturity date	Par value^	Value
Short-term investments 1.5%				$67,000,000
(Cost $67,000,000)
U.S. Government Agency 0.5%				21,000,000
Federal Agricultural Mortgage Corp. Discount Note	5.200	11-01-23	21,000,000	21,000,000

	Par value^	Value
Repurchase agreement 1.0%		46,000,000

Barclays Tri-Party Repurchase Agreement dated 10-31-23 at 5.290% to be repurchased at $46,006,759 on 11-1-23, collateralized by $47,603,500 U.S. Treasury Notes, 3.625% due 5-15-26 (valued at $46,926,931)	46,000,000	46,000,000


Total investments (Cost $2,855,421,377) 100.0%					$4,638,926,686
Other assets and liabilities, net 0.0%					1,031,792
Total net assets 100.0%					$4,639,958,478

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
(A)	Non-income producing security.
*	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 10-31-23, the aggregate cost of investments for federal income tax purposes was $2,867,647,901. Net unrealized appreciation aggregated to $1,771,278,785, of which $1,904,859,021 related to gross unrealized appreciation and $133,580,236 related to gross unrealized depreciation.

JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $2,855,421,377)	$4,638,926,686
Cash	1,962,892
Dividends and interest receivable	2,096,044
Receivable for fund shares sold	3,001,736
Other assets	530,462
Total assets	4,646,517,820
Liabilities
Payable for fund shares repurchased	2,767,311
Payable to affiliates
Investment management fees	2,471,436
Accounting and legal services fees	345,897
Transfer agent fees	259,854
Distribution and service fees	416,878
Trustees’ fees	7,498
Other liabilities and accrued expenses	290,468
Total liabilities	6,559,342
Net assets	$4,639,958,478
Net assets consist of
Paid-in capital	$2,544,072,363
Total distributable earnings (loss)	2,095,886,115
Net assets	$4,639,958,478

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 ($1,745,537,164 ÷ 30,914,714 shares)¹	$56.46
Class C ($43,885,300 ÷ 934,758 shares)¹	$46.95
Class I ($665,667,135 ÷ 11,111,705 shares)	$59.91
Class R2 ($5,011,517 ÷ 84,363 shares)	$59.40
Class R4 ($1,187,080 ÷ 19,961 shares)	$59.47
Class R5 ($477,997 ÷ 7,953 shares)	$60.10
Class R6 ($494,598,843 ÷ 8,222,624 shares)	$60.15
Class NAV ($1,683,593,442 ÷ 28,001,270 shares)	$60.13
Maximum offering price per share
Class A (net asset value per share ÷ 95%)	$59.43

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

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK Fundamental Large Cap Core Fund

Table of Contents

STATEMENT OF OPERATIONS For the year ended 10-31-23

Investment income
Dividends	$58,285,207
Interest	1,910,633
Less foreign taxes withheld	(152,311)
Total investment income	60,043,529
Expenses
Investment management fees	29,997,842
Distribution and service fees	4,974,067
Accounting and legal services fees	1,028,854
Transfer agent fees	3,004,739
Trustees’ fees	122,919
Custodian fees	566,755
State registration fees	155,640
Printing and postage	191,192
Professional fees	230,865
Other	158,821
Total expenses	40,431,694
Less expense reductions	(353,382)
Net expenses	40,078,312
Net investment income	19,965,217
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	332,029,451
	332,029,451
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	159,858,857
	159,858,857
Net realized and unrealized gain	491,888,308
Increase in net assets from operations	$511,853,525

JOHN HANCOCK Fundamental Large Cap Core Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$54.43	$76.05	$50.84	$46.52	$46.66
Net investment income (loss)¹	0.14	0.08	(0.03)	0.20	0.24
Net realized and unrealized gain (loss) on investments	5.30	(16.10)	25.42	4.38	4.82
Total from investment operations	5.44	(16.02)	25.39	4.58	5.06
Less distributions
From net investment income	(0.12)	—	(0.18)	(0.26)	(0.13)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.41)	(5.60)	(0.18)	(0.26)	(5.20)
Net asset value, end of period	$56.46	$54.43	$76.05	$50.84	$46.52
Total return (%)^2,3	10.75	(22.73)	50.04	9.88	13.23
Ratios and supplemental data
Net assets, end of period (in millions)	$1,746	$1,670	$2,242	$1,550	$1,550
Ratios (as a percentage of average net assets):
Expenses before reductions	1.03	1.02	1.02	1.04	1.03
Expenses including reductions	1.02	1.01	1.01	1.03	1.02
Net investment income (loss)	0.24	0.12	(0.04)	0.40	0.56
Portfolio turnover (%)	19	26	16	19	29 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	Does not reflect the effect of sales charges, if any.
⁴	Excludes in-kind transactions.

JOHN HANCOCK Fundamental Large Cap Core Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

CLASS C SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$46.04	$65.65	$44.08	$40.42	$41.41
Net investment loss¹	(0.24)	(0.34)	(0.46)	(0.14)	(0.07)
Net realized and unrealized gain (loss) on investments	4.44	(13.67)	22.03	3.80	4.15
Total from investment operations	4.20	(14.01)	21.57	3.66	4.08
Less distributions
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Net asset value, end of period	$46.95	$46.04	$65.65	$44.08	$40.42
Total return (%)^2,3	9.93	(23.32)	48.93	9.05	12.38
Ratios and supplemental data
Net assets, end of period (in millions)	$44	$53	$89	$84	$127
Ratios (as a percentage of average net assets):
Expenses before reductions	1.78	1.77	1.77	1.79	1.78
Expenses including reductions	1.78	1.76	1.76	1.78	1.77
Net investment loss	(0.51)	(0.64)	(0.79)	(0.33)	(0.17)
Portfolio turnover (%)	19	26	16	19	29 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	Does not reflect the effect of sales charges, if any.
⁴	Excludes in-kind transactions.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$57.56	$80.04	$53.47	$48.89	$48.78
Net investment income¹	0.30	0.25	0.14	0.34	0.37
Net realized and unrealized gain (loss) on investments	5.61	(17.01)	26.73	4.61	5.07
Total from investment operations	5.91	(16.76)	26.87	4.95	5.44
Less distributions
From net investment income	(0.27)	(0.12)	(0.30)	(0.37)	(0.26)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.56)	(5.72)	(0.30)	(0.37)	(5.33)
Net asset value, end of period	$59.91	$57.56	$80.04	$53.47	$48.89
Total return (%)²	11.03	(22.55)	50.42	10.16	13.51
Ratios and supplemental data
Net assets, end of period (in millions)	$666	$672	$941	$625	$819
Ratios (as a percentage of average net assets):
Expenses before reductions	0.78	0.77	0.77	0.79	0.79
Expenses including reductions	0.78	0.76	0.76	0.78	0.78
Net investment income	0.49	0.37	0.20	0.66	0.81
Portfolio turnover (%)	19	26	16	19	29 ³

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.

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CLASS R2 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$57.06	$79.54	$53.16	$48.63	$48.51
Net investment income (loss)¹	0.08	— ²	(0.12)	0.13	0.19
Net realized and unrealized gain (loss) on investments	5.58	(16.88)	26.60	4.59	5.06
Total from investment operations	5.66	(16.88)	26.48	4.72	5.25
Less distributions
From net investment income	(0.03)	—	(0.10)	(0.19)	(0.06)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.32)	(5.60)	(0.10)	(0.19)	(5.13)
Net asset value, end of period	$59.40	$57.06	$79.54	$53.16	$48.63
Total return (%)³	10.64	(22.84)	49.87	9.73	13.09
Ratios and supplemental data
Net assets, end of period (in millions)	$5	$6	$9	$7	$2
Ratios (as a percentage of average net assets):
Expenses before reductions	1.14	1.14	1.14	1.17	1.18
Expenses including reductions	1.13	1.13	1.13	1.17	1.17
Net investment income (loss)	0.14	— ⁴	(0.17)	0.28	0.41
Portfolio turnover (%)	19	26	16	19	29 ⁵

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 0.005%.
⁵	Excludes in-kind transactions.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS R4 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$57.16	$79.54	$53.15	$48.61	$48.51
Net investment income¹	0.21	0.15	0.04	0.26	0.36
Net realized and unrealized gain (loss) on investments	5.58	(16.90)	26.58	4.59	4.99
Total from investment operations	5.79	(16.75)	26.62	4.85	5.35
Less distributions
From net investment income	(0.19)	(0.03)	(0.23)	(0.31)	(0.18)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.48)	(5.63)	(0.23)	(0.31)	(5.25)
Net asset value, end of period	$59.47	$57.16	$79.54	$53.15	$48.61
Total return (%)²	10.88	(22.67)	50.20	10.00	13.35
Ratios and supplemental data
Net assets, end of period (in millions)	$1	$2	$2	$2	$1
Ratios (as a percentage of average net assets):
Expenses before reductions	1.02	1.01	1.01	1.02	1.03
Expenses including reductions	0.91	0.90	0.90	0.92	0.92
Net investment income	0.35	0.23	0.06	0.51	0.77
Portfolio turnover (%)	19	26	16	19	29 ³

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.

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CLASS R5 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$57.74	$80.26	$53.61	$49.02	$48.89
Net investment income¹	0.33	0.29	0.19	0.36	0.40
Net realized and unrealized gain (loss) on investments	5.63	(17.06)	26.79	4.63	5.08
Total from investment operations	5.96	(16.77)	26.98	4.99	5.48
Less distributions
From net investment income	(0.31)	(0.15)	(0.33)	(0.40)	(0.28)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.60)	(5.75)	(0.33)	(0.40)	(5.35)
Net asset value, end of period	$60.10	$57.74	$80.26	$53.61	$49.02
Total return (%)²	11.09	(22.50)	50.50	10.22	13.60
Ratios and supplemental data
Net assets, end of period (in millions)	$— ³	$1	$1	$1	$— ³
Ratios (as a percentage of average net assets):
Expenses before reductions	0.72	0.71	0.71	0.73	0.73
Expenses including reductions	0.71	0.70	0.70	0.72	0.72
Net investment income	0.54	0.43	0.26	0.71	0.86
Portfolio turnover (%)	19	26	16	19	29 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	Less than $500,000.
⁴	Excludes in-kind transactions.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$57.79	$80.32	$53.64	$49.04	$48.91
Net investment income¹	0.36	0.32	0.22	0.39	0.45
Net realized and unrealized gain (loss) on investments	5.63	(17.07)	26.81	4.63	5.05
Total from investment operations	5.99	(16.75)	27.03	5.02	5.50
Less distributions
From net investment income	(0.34)	(0.18)	(0.35)	(0.42)	(0.30)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.63)	(5.78)	(0.35)	(0.42)	(5.37)
Net asset value, end of period	$60.15	$57.79	$80.32	$53.64	$49.04
Total return (%)²	11.15	(22.46)	50.59	10.28	13.63
Ratios and supplemental data
Net assets, end of period (in millions)	$495	$478	$593	$386	$397
Ratios (as a percentage of average net assets):
Expenses before reductions	0.67	0.66	0.66	0.68	0.68
Expenses including reductions	0.67	0.65	0.65	0.67	0.67
Net investment income	0.60	0.48	0.31	0.76	0.96
Portfolio turnover (%)	19	26	16	19	29 ³

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.

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CLASS NAV SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$57.77	$80.29	$53.62	$49.02	$48.90
Net investment income¹	0.37	0.33	0.23	0.40	0.42
Net realized and unrealized gain (loss) on investments	5.63	(17.06)	26.80	4.63	5.07
Total from investment operations	6.00	(16.73)	27.03	5.03	5.49
Less distributions
From net investment income	(0.35)	(0.19)	(0.36)	(0.43)	(0.30)
From net realized gain	(3.29)	(5.60)	—	—	(5.07)
Total distributions	(3.64)	(5.79)	(0.36)	(0.43)	(5.37)
Net asset value, end of period	$60.13	$57.77	$80.29	$53.62	$49.02
Total return (%)²	11.18	(22.47)	50.60	10.30	13.65
Ratios and supplemental data
Net assets, end of period (in millions)	$1,684	$1,759	$2,425	$2,063	$2,218
Ratios (as a percentage of average net assets):
Expenses before reductions	0.67	0.65	0.65	0.67	0.67
Expenses including reductions	0.66	0.65	0.64	0.66	0.66
Net investment income	0.61	0.49	0.33	0.78	0.91
Portfolio turnover (%)	19	26	16	19	29 ³

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.

SEE NOTES TO FINANCIAL STATEMENTS

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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 eight 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.

Note 2—Significant accounting policies

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 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.

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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 Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor 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 following is a summary of the values by input classification of the fund’s investments as of October 31, 2023, by major security category or type:

	Total value at 10-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Communication services	$510,765,454	$510,765,454	—	—
Consumer discretionary	744,674,659	744,674,659	—	—
Consumer staples	269,490,805	269,490,805	—	—
Energy	173,616,500	173,616,500	—	—
Financials	607,281,132	607,281,132	—	—
Health care	314,208,840	314,208,840	—	—
Industrials	361,287,744	296,765,291	$64,522,453	—
Information technology	1,374,892,484	1,374,892,484	—	—
Materials	36,172,975	36,172,975	—	—
Real estate	179,536,093	179,536,093	—	—
Short-term investments	67,000,000	—	67,000,000	—
Total investments in securities	$4,638,926,686	$4,507,404,233	$131,522,453	—

Repurchase agreements. The fund may enter into repurchase agreements. When the fund enters into a repurchase agreement, it receives collateral that is held in a segregated account by the fund’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. 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 Fund’s investments as part of the caption related to the repurchase agreement.

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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 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. 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 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.

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.

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The tax character of distributions for the years ended October 31, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$20,091,146	$8,455,480
Long-term capital gains	268,018,083	446,159,051
Total	$288,109,229	$454,614,531

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 treating a portion of the proceeds from redemptions as distributions for tax purposes and wash sale loss deferrals.

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Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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 and/or reimburse a portion of the operating expenses for Class C and Class I shares of the fund to the extent they exceed 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 and other extraordinary expenses not incurred in the ordinary course of the fund’s business, borrowing costs, and prime brokerage fees. The waivers and/or reimbursements will expire on February 28, 2024, unless renewed by mutual agreement of the fund and Advisor based upon determination that this is appropriate under the circumstances at the time.

For the year ended October 31, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$129,136
Class C	3,647
Class I	49,842
Class R2	424
Class R4	89

Class	Expense reduction
Class R5	$37
Class R6	36,743
Class NAV	132,232
Total	$352,150

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

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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%
Class R5	—	0.05%

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, 2024, 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 $1,232 for Class R4 shares for the year ended October 31, 2023.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $447,996 for the year ended October 31, 2023. Of this amount, $75,333 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $372,663 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 purchased, including those that are acquired through purchases of $1 million or more, and 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, 2023, CDSCs received by the Distributor amounted to $3,652 and $3,947 for Class A and Class C shares, respectively.

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Class level expenses. Class level expenses for the year ended October 31, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$4,436,940	$2,099,498
Class C	505,331	59,290
Class I	—	810,397
Class R2	27,259	418
Class R4	4,297	85
Class R5	240	37
Class R6	—	35,014
Total	$4,974,067	$3,004,739

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	2,589,942	$146,564,449	2,664,726	$170,231,936
Distributions reinvested	1,957,808	98,555,960	2,223,295	156,385,999
Repurchased	(4,314,437)	(243,675,962)	(3,685,597)	(233,884,630)
Net increase	233,313	$1,444,447	1,202,424	$92,733,305
Class C shares
Sold	105,588	$4,979,273	119,754	$6,625,848
Distributions reinvested	79,101	3,332,533	112,988	6,766,844
Repurchased	(401,226)	(19,045,958)	(433,361)	(23,749,308)
Net decrease	(216,537)	$(10,734,152)	(200,619)	$(10,356,616)
Class I shares
Sold	1,523,163	$91,200,796	2,002,208	$137,223,888
Distributions reinvested	628,519	33,500,087	759,500	56,377,658
Repurchased	(2,715,072)	(161,586,984)	(2,848,077)	(189,978,865)
Net increase (decrease)	(563,390)	$(36,886,101)	(86,369)	$3,622,681
Class R2 shares
Sold	5,512	$328,210	10,702	$735,510
Distributions reinvested	6,485	343,793	8,043	593,632
Repurchased	(36,875)	(2,207,563)	(24,999)	(1,646,110)
Net decrease	(24,878)	$(1,535,560)	(6,254)	$(316,968)

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	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class R4 shares
Sold	910	$53,875	1,885	$125,743
Distributions reinvested	1,278	67,684	2,013	148,532
Repurchased	(9,837)	(586,275)	(2,596)	(174,129)
Net increase (decrease)	(7,649)	$(464,716)	1,302	$100,146
Class R5 shares
Sold	1,808	$109,087	2,246	$148,113
Distributions reinvested	639	34,129	788	58,656
Repurchased	(4,183)	(247,595)	(3,445)	(212,152)
Net decrease	(1,736)	$(104,379)	(411)	$(5,383)
Class R6 shares
Sold	1,564,684	$94,621,365	2,156,329	$148,755,312
Distributions reinvested	553,406	29,585,062	581,114	43,263,963
Repurchased	(2,167,469)	(130,547,838)	(1,842,794)	(122,684,013)
Net increase (decrease)	(49,379)	$(6,341,411)	894,649	$69,335,262
Class NAV shares
Sold	417,282	$24,819,116	1,160,598	$70,535,654
Distributions reinvested	2,070,394	110,641,840	2,295,066	170,798,823
Repurchased	(4,932,048)	(305,095,119)	(3,216,126)	(225,910,965)
Net increase (decrease)	(2,444,372)	$(169,634,163)	239,538	$15,423,512
Total net increase (decrease)	(3,074,628)	$(224,256,035)	2,044,260	$170,535,939

Affiliates of the fund owned 2% and 100% of shares of Class R6 and Class NAV, respectively, on October 31, 2023. 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 $925,099,896 and $1,409,944,960, respectively, for the year ended October 31, 2023.

Note 7—Industry or sector risk

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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, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (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, 2023, 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, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

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, 2023 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 7, 2023

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

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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 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

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.

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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, derivatives risk 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 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;
(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;

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(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.

(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-, three-, five- and ten-year periods ended December 31, 2022. The Board took into account management’s discussion of the factors that contributed to the fund’s underperformance relative to the benchmark index and peer group median for the one-, three-, five- and ten-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.

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

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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
(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.

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(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.

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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.

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.

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Trustees and Officers

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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

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Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

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Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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

¹	Each Trustee holds office until his or her successor is duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

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More information

Trustees

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Manulife Investment Management (US) LLC

Portfolio Managers

Emory W. (Sandy) Sanders, Jr., CFA
Jonathan T. White, 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

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

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 7^th Street Suite 219909 Kansas City, MO 64105-1407

ANNUAL REPORT | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND

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John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

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EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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

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A trusted brand

A better way to invest

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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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.

MF3208608

50A 10/23

12/2023

A message to shareholders

Dear shareholders,

Sincerely,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks growth through capital appreciation by investing primarily in Environmental Companies.¹

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2023 (%)

The MSCI All Country World Index (ACWI) tracks the performance of publicly traded large- and mid-cap stocks of companies in both developed 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.

¹The manager defines Environmental Companies as: (1) Companies that operate within the Safe Operating Space of the Planetary Boundaries, and (2) Companies, all or a portion of whose business activities reduce stress in at least one of the boundaries in the PB framework. For further information on the fund’s investment objective and strategy, see the fund’s prospectus. Unless otherwise indicated, defined terms have the same meaning as set forth in the fund’s prospectus.

JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Restrictive economic conditions slowed global equity rally

Stocks enjoyed strong gains in the first half before slowing economic growth and a higher for longer interest rate regime led to selling pressure in the last three months of the period.

The fund’s stock selection weighed on relative outperformance

The fund had a positive absolute return but underperformed the MSCI All Country World Index due primarily to stock selection in the information technology and healthcare sectors.

Strength in energy efficiency was offset by weakness in pollution control, renewables

Across environmental themes, relative detractors in pollution control and renewables were offset by positive allocation to stocks supporting the energy efficiency and dematerialized economy themes.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

ANNUAL REPORT | JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND

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Management’s discussion of fund performance

How did the global equity markets perform during the 12 months ended October 31, 2023?

Global stocks delivered mixed performance during the period. In the first quarter of 2023, markets remained turbulent with the collapse of Silicon Valley Bank and instability at Credit Suisse. Emergency measures were taken, allowing equities to end the quarter positively, with financials and real estate underperforming. The second quarter saw strong gains in equities, with the fund’s benchmark, the MSCI ACWI, reaching a 14-month high. Investors grew confident in central banks’ efforts to control inflation with industrials and information technology companies being the biggest gainers, led by U.S. mega cap stocks. In the third quarter, however, equities declined due to lackluster economic data and persistent inflationary pressures. Bond yields rose, especially in the United States, causing concerns about budget deficits. Lackluster economic data raised concerns about the global economic recovery, and inflationary pressures persisted. Selling pressure continued through the end of the period due to rising geopolitical tensions, higher volatility, and mixed earnings news that weighed on investor confidence.

How did the fund respond to these market conditions?

The fund posted a positive absolute return but underperformed its benchmark. Underperformance was the result of stock selection while sector allocation proved beneficial. Stock selection in the information technology, healthcare, utilities and

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Republic Services, Inc.	4.7
Synopsys, Inc.	4.2
Cadence Design Systems, Inc.	3.8
Waste Management, Inc.	3.7
Eaton Corp. PLC	3.7
Waste Connections, Inc.	3.6
American Water Works Company, Inc.	3.4
Tetra Tech, Inc.	3.4
ANSYS, Inc.	3.3
WSP Global, Inc.	3.1
TOTAL	36.9
Cash and cash equivalents are not included.

TOP 10 COUNTRIES AS OF 10/31/2023 (% of net assets)
United States	59.2
Canada	8.2
France	7.0
Ireland	4.9
Germany	4.1
Japan	3.6
Switzerland	3.6
Finland	1.7
Netherlands	1.5
Sweden	1.2
TOTAL	95.0
Cash and cash equivalents are not included.

JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND | ANNUAL REPORT

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consumer discretionary sectors, and a lack of exposure to the communication services sector, detracted the most from results. On the positive side, an overweight to information technology and stock selection in the real estate sector were the primary contributors to results.

When looking at individual names and environmental themes, energy efficiency performed relatively well with contributions from semiconductor equipment names Applied Materials, Inc. and Tokyo Electron, Ltd. as well as electrical products manufacturer Eaton Corp. PLC. In dematerialized economy, electronic design automation software makers Synopsys, Inc. and Cadence Design Systems, Inc. were leading contributors to performance.

On the negative side, pollution control detracted as a continued subdued investment backdrop in pharma and biotech reduced earnings expectations for tools and diagnostics providers Agilent Technologies, Inc. and Thermo Fisher Scientific, Inc. In renewables, concerns over an incrementally negative market outlook for the residential solar industry due to higher financing costs weighed on SolarEdge Technologies, Inc. while utility Orsted was hurt by disappointing developments in its U.S. offshore wind business.

Can you tell us about an addition to the portfolio management team?

Effective March 1, 2023, Katie Self, Ph.D., was added to the management team.

MANAGED BY

Luciano Diana

Gabriel Micheli, CFA

Yi Du

Katie Self, Ph.D.

ANNUAL REPORT | JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

Average annual total returns (%) with maximum sales charge			Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (7-21-21)	Since inception (7-21-21)
Class A	1.92	-8.91	-19.18
Class C	5.49	-7.50	-16.30
Class I¹	7.55	-6.63	-14.50
Class R6¹	7.64	-6.55	-14.32
Index^†	10.50	-3.23	-7.22

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, and Class R6 shares.

	Class A	Class C	Class I	Class R6
Gross (%)	4.08	4.83	3.83	3.72
Net (%)	1.21	1.96	0.96	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.

^† Index is the MSCI ACWI.

See the following page for footnotes.

JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND | ANNUAL REPORT

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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

Hypothetical example for comparison purposes

JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND | ANNUAL REPORT

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SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2023	Ending value on 10-31-2023	Expenses paid during period ended 10-31-2023¹	Annualized expense ratio
Class A	Actual expenses/actual returns	$1,000.00	$947.70	$5.94	1.21%
	Hypothetical example	1,000.00	1,019.10	6.16	1.21%
Class C	Actual expenses/actual returns	1,000.00	944.70	9.61	1.96%
	Hypothetical example	1,000.00	1,015.30	9.96	1.96%
Class I	Actual expenses/actual returns	1,000.00	948.90	4.72	0.96%
	Hypothetical example	1,000.00	1,020.40	4.89	0.96%
Class R6	Actual expenses/actual returns	1,000.00	949.00	4.13	0.84%
	Hypothetical example	1,000.00	1,021.00	4.28	0.84%

¹	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND

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Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 96.0%		$54,336,652
(Cost $56,613,763)
Canada 8.2%		4,619,970
Waste Connections, Inc.	15,779	2,043,381
West Fraser Timber Company, Ltd.	12,344	833,081
WSP Global, Inc.	13,322	1,743,508
Finland 1.7%		969,236
Stora Enso OYJ, R Shares	80,646	969,236
France 7.0%		3,955,584
Dassault Systemes SE	25,979	1,070,163
Legrand SA	14,552	1,258,841
Schneider Electric SE	10,572	1,626,580
Germany 4.1%		2,322,383
Infineon Technologies AG	36,241	1,058,608
Symrise AG	12,367	1,263,775
Ireland 4.9%		2,768,296
Aptiv PLC (A)	6,252	545,174
Smurfit Kappa Group PLC	24,811	808,738
Trane Technologies PLC	7,432	1,414,384
Italy 1.0%		563,941
Terna - Rete Elettrica Nazionale	73,650	563,941
Japan 3.6%		2,069,866
Keyence Corp.	2,600	1,006,509
Shimano, Inc.	3,900	561,234
Tokyo Electron, Ltd.	3,800	502,123
Netherlands 1.5%		851,187
ASML Holding NV	1,416	851,187
Sweden 1.2%		668,156
Hexagon AB, B Shares	81,986	668,156
Switzerland 3.6%		2,031,605
Givaudan SA	374	1,244,868
SIG Group AG (A)	35,685	786,737
United States 59.2%		33,516,428
AECOM	21,914	1,677,517
Agilent Technologies, Inc.	16,395	1,694,751
American Water Works Company, Inc.	16,386	1,927,813
ANSYS, Inc. (A)	6,670	1,855,994
Applied Materials, Inc.	7,511	994,081

JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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	Shares	Value
United States (continued)
Autodesk, Inc. (A)	5,251	$1,037,755
Cadence Design Systems, Inc. (A)	9,037	2,167,524
Carrier Global Corp.	22,812	1,087,220
Eaton Corp. PLC	9,966	2,072,031
Equinix, Inc.	1,393	1,016,389
Johnson Controls International PLC	12,812	628,044
ON Semiconductor Corp. (A)	13,231	828,790
PTC, Inc. (A)	12,330	1,731,379
Republic Services, Inc.	18,013	2,674,748
Synopsys, Inc. (A)	5,131	2,408,697
Tetra Tech, Inc.	12,717	1,919,122
Thermo Fisher Scientific, Inc.	3,387	1,506,436
Veralto Corp. (A)	9,592	661,848
Waste Management, Inc.	12,923	2,123,637
Westrock Company	23,095	829,803
Weyerhaeuser Company	33,945	973,882
Xylem, Inc.	18,163	1,698,967


Total investments (Cost $56,613,763) 96.0%					$54,336,652
Other assets and liabilities, net 4.0%					2,268,809
Total net assets 100.0%					$56,605,461

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
(A)	Non-income producing security.

At 10-31-23, the aggregate cost of investments for federal income tax purposes was $56,969,833. Net unrealized depreciation aggregated to $2,633,181, of which $1,297,333 related to gross unrealized appreciation and $3,930,514 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND

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Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $56,613,763)	$54,336,652
Cash	2,299,774
Dividends and interest receivable	24,281
Receivable for fund shares sold	52
Receivable for investments sold	145,374
Other assets	36,767
Total assets	56,842,900
Liabilities
Payable for investments purchased	168,212
Payable to affiliates
Investment management fees	1,953
Accounting and legal services fees	4,734
Transfer agent fees	312
Trustees’ fees	40
Other liabilities and accrued expenses	62,188
Total liabilities	237,439
Net assets	$56,605,461
Net assets consist of
Paid-in capital	$60,660,487
Total distributable earnings (loss)	(4,055,026)
Net assets	$56,605,461

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 ($381,732 ÷ 44,851 shares)	$8.51
Class C ($41,926 ÷ 5,010 shares)	$8.37
Class I ($269,207 ÷ 31,483 shares)	$8.55
Class R6 ($55,912,596 ÷ 6,529,141 shares)	$8.56
Maximum offering price per share
Class A (net asset value per share ÷ 95%)	$8.96

JOHN HANCOCK Global Environmental Opportunities Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21¹
Per share operating performance
Net asset value, beginning of period	$7.94	$10.67	$10.00
Net investment loss²	(0.01)	(0.04)	(0.02)
Net realized and unrealized gain (loss) on investments	0.58³	(2.69)	0.69
Total from investment operations	0.57	(2.73)	0.67
Net asset value, end of period	$8.51	$7.94	$10.67
Total return (%)^4,5	7.31	(25.68)	6.70⁶
Ratios and supplemental data
Net assets, end of period (in millions)	$—⁷	$—⁷	$—⁷
Ratios (as a percentage of average net assets):
Expenses before reductions	1.78	4.08	3.99⁸
Expenses including reductions	1.21	1.21	1.22⁸
Net investment loss	(0.08)	(0.43)	(0.73)⁹
Portfolio turnover (%)	40	38	7

¹	Period from 7-21-21 (commencement of operations) to 10-31-21.
²	Based on average daily shares outstanding.
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	Does not reflect the effect of sales charges, if any.
⁶	Not annualized.
⁷	Less than $500,000.
⁸	Annualized. Certain expenses are presented unannualized.
⁹	Annualized.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS C SHARES Period ended	10-31-23	10-31-22	10-31-21¹
Per share operating performance
Net asset value, beginning of period	$7.86	$10.65	$10.00
Net investment loss²	(0.07)	(0.08)	(0.04)
Net realized and unrealized gain (loss) on investments	0.58³	(2.71)	0.69
Total from investment operations	0.51	(2.79)	0.65
Net asset value, end of period	$8.37	$7.86	$10.65
Total return (%)^4,5	6.49	(26.20)	6.50⁶
Ratios and supplemental data
Net assets, end of period (in millions)	$—⁷	$—⁷	$—⁷
Ratios (as a percentage of average net assets):
Expenses before reductions	2.53	4.83	4.74⁸
Expenses including reductions	1.96	1.96	1.97⁸
Net investment loss	(0.81)	(0.90)	(1.52)⁹
Portfolio turnover (%)	40	38	7

¹	Period from 7-21-21 (commencement of operations) to 10-31-21.
²	Based on average daily shares outstanding.
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	Does not reflect the effect of sales charges, if any.
⁶	Not annualized.
⁷	Less than $500,000.
⁸	Annualized. Certain expenses are presented unannualized.
⁹	Annualized.

JOHN HANCOCK Global Environmental Opportunities Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21¹
Per share operating performance
Net asset value, beginning of period	$7.95	$10.68	$10.00
Net investment loss²	—³	—³	(0.01)
Net realized and unrealized gain (loss) on investments	0.60⁴	(2.73)	0.69
Total from investment operations	0.60	(2.73)	0.68
Less distributions
From net investment income	—³	—	—
Net asset value, end of period	$8.55	$7.95	$10.68
Total return (%)⁵	7.55	(25.56)	6.80⁶
Ratios and supplemental data
Net assets, end of period (in millions)	$—⁷	$—⁷	$—⁷
Ratios (as a percentage of average net assets):
Expenses before reductions	1.53	3.83	3.74⁸
Expenses including reductions	0.96	0.96	0.97⁸
Net investment income (loss)	0.04	0.04	(0.48)⁹
Portfolio turnover (%)	40	38	7

¹	Period from 7-21-21 (commencement of operations) to 10-31-21.
²	Based on average daily shares outstanding.
³	Less than $0.005 per share.
⁴	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.
⁵	Total returns would have been lower had certain expenses not been reduced during the applicable periods.
⁶	Not annualized.
⁷	Less than $500,000.
⁸	Annualized. Certain expenses are presented unannualized.
⁹	Annualized.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21¹
Per share operating performance
Net asset value, beginning of period	$7.96	$10.68	$10.00
Net investment income (loss)²	0.02	0.01	(0.01)
Net realized and unrealized gain (loss) on investments	0.59³	(2.73)	0.69
Total from investment operations	0.61	(2.72)	0.68
Less distributions
From net investment income	(0.01)	—	—
Net asset value, end of period	$8.56	$7.96	$10.68
Total return (%)⁴	7.64	(25.47)	6.80⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$56	$25	$11
Ratios (as a percentage of average net assets):
Expenses before reductions	1.42	3.72	3.64⁶
Expenses including reductions	0.85	0.85	0.86⁶
Net investment income (loss)	0.25	0.09	(0.37)⁷
Portfolio turnover (%)	40	38	7

¹	Period from 7-21-21 (commencement of operations) to 10-31-21.
²	Based on average daily shares outstanding.
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	Not annualized.
⁶	Annualized. Certain expenses are presented unannualized.
⁷	Annualized.

JOHN HANCOCK Global Environmental Opportunities Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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Notes to financial statements

Note 1—Organization

John Hancock Global Environmental 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 primarily in Environmental Companies.The manager defines Environmental Companies as: (1) Companies that operate within the Safe Operating Space of the Planetary Boundaries (PB), and (2) Companies, all or a portion of whose business activities reduce stress in at least one of the boundaries in the PB framework. For further information on the fund’s investment objective and strategy, see the fund’s prospectus. Unless otherwise indicated, defined terms have the same meaning as set forth in the fund’s prospectus.

Note 2—Significant accounting policies

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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 Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor 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 following is a summary of the values by input classification of the fund’s investments as of October 31, 2023, by major security category or type:

	Total value at 10-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Canada	$4,619,970	$4,619,970	—	—
Finland	969,236	—	$969,236	—
France	3,955,584	—	3,955,584	—
Germany	2,322,383	—	2,322,383	—
Ireland	2,768,296	1,959,558	808,738	—
Italy	563,941	—	563,941	—
Japan	2,069,866	—	2,069,866	—
Netherlands	851,187	—	851,187	—
Sweden	668,156	—	668,156	—
Switzerland	2,031,605	—	2,031,605	—
United States	33,516,428	33,516,428	—	—
Total investments in securities	$54,336,652	$40,095,956	$14,240,696	—

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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.

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For federal income tax purposes, as of October 31, 2023, the fund has a short-term capital loss carryforward of $843,091 and a long-term capital loss carryforward of $657,057 available to offset future net realized capital gains. These carryforwards do not expire.

Due to certain Internal Revenue Code rules, utilization of capital loss carryforwards may be limited in future years.

The tax character of distributions for the years ended October 31, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$25,726	—

Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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of the fund’s aggregate net assets; and (e) 0.730% of the fund’s aggregate 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, John Hancock Global Thematic Opportunities Fund (a series of John Hancock Investment Trust), 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.)(Canadian Class), excluding the Canadian Class invested in the Manulife Global Thematic Opportunities Fund. 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 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 of the fund. For purposes of this agreement, “expenses of the fund” means all fund expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund’s business, (e) class-specific expenses, (f) borrowing costs, (g) prime brokerage fees, (h) acquired fund fees and expenses paid indirectly, and (i) short dividend expense. This agreement expires on February 28, 2024, 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, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$1,568
Class C	286
Class I	678

Class	Expense reduction
Class R6	$190,233
Total	$192,765

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

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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 $3,804 for the year ended October 31, 2023. Of this amount, $608 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $3,196 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 purchased, including those that are acquired through purchases of $1 million or more, and 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, 2023, there were no CDSCs received by the Distributor for Class A or Class C shares.

Class level expenses. Class level expenses for the year ended October 31, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$651	$306
Class C	446	52
Class I	—	149
Class R6	—	2,183
Total	$1,097	$2,690

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Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	31,239	$281,218	57,826	$590,298
Repurchased	(9,867)	(86,772)	(39,834)	(387,381)
Net increase	21,372	$194,446	17,992	$202,917
Class C shares
Sold	—	—	184	$2,001
Repurchased	—	—	(7,216)	(59,558)
Net decrease	—	—	(7,032)	$(57,557)
Class I shares
Sold	26,479	$249,970	6,970	$57,989
Distributions reinvested	—	1	—	—
Repurchased	(6,966)	(62,277)	—	—
Net increase	19,513	$187,694	6,970	$57,989
Class R6 shares
Sold	3,444,564	$31,999,999	2,099,578	$18,000,104
Net increase	3,444,564	$31,999,999	2,099,578	$18,000,104
Total net increase	3,485,449	$32,382,139	2,117,508	$18,203,453

Affiliates of the fund owned 11%, 100%, 16% and 81% of shares of Class A, Class C, Class I and Class R6, respectively, on October 31, 2023. As of October 31, 2023, one shareholder held approximately 19% of the fund. 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 $44,892,621 and $13,535,701, respectively, for the year ended October 31, 2023.

Note 7—Industry or sector risk

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Note 8—Environmentally focused and environmental, social, and governance (ESG) investing risks

The fund’s environmental criteria limit the available investments compared to funds with no such criteria. The fund’s incorporation of environmental criteria may affect the fund’s exposure to certain sectors and/or types of investments, and under certain economic conditions, this could cause the fund to underperform funds that invest in a broader array of investments depending on whether such sectors or investments are in or out of favor in the market. The data provided by third parties may be incomplete, inaccurate or unavailable, which could cause the manager to incorrectly assess environmental data related to a particular company.

Incorporating ESG criteria and investing primarily in instruments that have certain ESG characteristics, as determined by the manager, carries the risk that the fund may perform differently, including underperforming, funds that do not utilize an ESG investment strategy, or funds that utilize different ESG criteria. Although the manager has established its own process for evaluation of ESG factors, successful application of the fund’s sustainable investment strategy will depend on the manager’s skill in researching, identifying and analyzing material ESG issues, as well as on the availability of relevant data. ESG factors may be evaluated differently by different managers, and may not carry the same meaning to all investors and managers. The regulatory landscape with respect to ESG investing in the United States is evolving and any future rules or regulations may require the fund to change its investment process with respect to ESG integration.

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Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Global Environmental 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 Environmental Opportunities Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the two years in the period ended October 31, 2023 and for the period July 21, 2021 (commencement of operations) through October 31, 2021 (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, 2023, 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, 2023 and the financial highlights for each of the two years in the period ended October 31, 2023 and for the period July 21, 2021 (commencement of operations) through October 31, 2021 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

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, 2023 by correspondence with the custodian 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 7, 2023

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

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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 Environmental Opportunities Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

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.

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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, derivatives risk 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 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;
(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;

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(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.

(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-year period ended December 31, 2022 and for the period from July 21, 2021 through December 31, 2022. The Board also noted that the fund outperformed the peer group median for the one-year period ended December 31, 2022 and for the period from July 21, 2021 through December 31, 2022.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-year period and the period from July 21, 2021 through December 31, 2022. The Board also noted the fund’s relatively limited performance history. The Board concluded that the fund’s performance has 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 equal to 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 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

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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.

(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.

(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

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	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.

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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.

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

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Trustees and Officers

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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

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Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

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Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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

¹	Each Trustee holds office until his or her successor is duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

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More information

Trustees

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Pictet Asset Management SA

Portfolio Managers

Luciano Diana
Yi Du
Gabriel Micheli, CFA
Katie Self

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

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

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:
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JOHN HANCOCK GLOBAL ENVIRONMENTAL OPPORTUNITIES FUND | ANNUAL REPORT

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John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

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EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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

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A trusted brand

A better way to invest

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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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

MF3208613

482A 10/23

12/2023

A message to shareholders

Dear shareholders,

Sincerely,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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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 10/31/2023 (%)

The MSCI All Country World Index (ACWI) tracks the performance of publicly traded large- and mid-cap stocks of companies in both developed 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.

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Global equities delivered mixed performance

Growth stocks were the strongest performers in a volatile period where lackluster economic data raised concerns about the global economic recovery and inflationary pressures persisted.

The fund’s stock selection detracted from relative performance

The fund had a positive absolute return but underperformed the MSCI ACWI, driven by stock selection in the industrials and financials sectors.

Allocations to certain sectors helped performance

An overweight allocation to information technology, an underweight to consumer staples, and stock selection in healthcare aided performance.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

ANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND

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Management’s discussion of fund performance

What factors affected global equity markets during the 12 months ended October 31, 2023?

Global stocks delivered mixed performance. In the first quarter of 2023, markets remained turbulent with the collapse of Silicon Valley Bank and instability at Credit Suisse. Emergency measures were taken, allowing equities to end the quarter positively, with financials and real estate underperforming. The second quarter saw strong gains in equities, with the fund’s benchmark, the MSCI ACWI, reaching a 14-month high. Investors grew confident in central banks’ efforts to control inflation with industrials and information technology companies being the biggest gainers, led by U.S. mega cap stocks. In the third quarter, however, equities declined due to lackluster economic data and persistent inflationary pressures. Bond yields rose, especially in the United States, causing concerns about budget deficits. Lackluster economic data raised concerns about the global economic recovery, and inflationary pressures persisted. Selling pressure continued through the end of the period due to rising geopolitical tensions, higher volatility, and mixed earnings news that weighed on investor confidence.

How did the fund respond to these market conditions?

The fund posted a positive absolute return but underperformed its benchmark. Stock selection had a negative impact, while sector allocation aided performance. Stock selection in the industrials, financials, and utilities sectors and an overweight

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Visa, Inc., Class A	4.7
UnitedHealth Group, Inc.	4.6
Microsoft Corp.	3.6
Thermo Fisher Scientific, Inc.	3.3
Novo Nordisk A/S, Class B	3.2
Republic Services, Inc.	3.1
Roper Technologies, Inc.	3.1
Alphabet, Inc., Class A	3.1
NextEra Energy, Inc.	3.0
KLA Corp.	3.0
TOTAL	34.7
Cash and cash equivalents are not included.

TOP 10 COUNTRIES AS OF 10/31/2023 (% of net assets)
United States	61.8
France	8.6
Netherlands	5.0
Switzerland	4.8
Denmark	3.2
Ireland	2.5
Germany	2.2
United Kingdom	2.1
Taiwan	2.0
Canada	1.6
TOTAL	93.8
Cash and cash equivalents are not included.

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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to the healthcare sector detracted from relative returns. An overweight to the information technology sector, underweights to the consumer staples and financials sectors, a lack of exposure to the energy sector, and stock selection in the healthcare and consumer discretionary sectors contributed to results.

On the negative side, some of the largest detractors included lawn and landscape equipment provider The Toro Company, life science tools provider Thermo Fisher Scientific, Inc., and lab testing firm Quest Diagnostics, Inc., which lagged due to of general destocking in bioprocessing equipment following two years of unprecedented pandemic-related growth. Utility NextEra Energy, Inc. and electronic payments provider Fidelity National Information Services, Inc. also detracted as did an underweight to strong performing graphics chipmaker NVIDIA Corp., a position we added in the third quarter of 2023. We sold the fund’s holdings in Fidelity National Information Services, Inc. prior to period end.

Some of the largest contributors were design automation software firm Synopsys, Inc., pharmaceutical maker Novo Nordisk A/S, luxury fashion and accessories designer Hermes International SCA, and insulation and an out-of-benchmark position in building materials supplier TopBuild Corp. Synopsys, Inc. was among several leading contributors from the semiconductor industry involved in resource efficiency, a group that also included KLA Corp., a maker of process control semiconductors, and semiconductor equipment maker Applied Materials, Inc. Novo Nordisk, in the health innovators segment, is the leading developer of GLP-1 treatments for diabetes and obesity, markets that are growing rapidly. TopBuild is involved in the housing and smart buildings theme along with fellow contributor and HVAC supplier Ferguson PLC.

MANAGED BY

Hans Peter Portner, CFA

Gertjan van der Geer

The views expressed in this report are exclusively those of Hans Peter Portner, CFA, and Gertjan van der Geer, Pictet Asset Management SA, 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

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

Average annual total returns (%) with maximum sales charge			Cumulative total returns (%) with maximum sales charge
	1-year	Since inception (12-14-18)	Since inception (12-14-18)
Class A	3.73	4.68	25.01
Class C	7.23	4.99	26.81
Class I¹	9.40	6.04	33.18
Class R6¹	9.50	6.14	33.75
Class NAV¹	9.50	6.16	33.91
Index^†	10.50	8.01	45.65

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, 2024 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 (%)	1.26	2.01	1.01	0.90	0.89
Net (%)	1.19	1.94	0.94	0.85	0.84

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

^† Index is the MSCI ACWI.

See the following page for footnotes.

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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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

Hypothetical example for comparison purposes

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2023	Ending value on 10-31-2023	Expenses paid during period ended 10-31-2023¹	Annualized expense ratio
Class A	Actual expenses/actual returns	$1,000.00	$967.00	$5.90	1.19%
	Hypothetical example	1,000.00	1,019.20	6.06	1.19%
Class C	Actual expenses/actual returns	1,000.00	963.40	9.60	1.94%
	Hypothetical example	1,000.00	1,015.40	9.86	1.94%
Class I	Actual expenses/actual returns	1,000.00	968.00	4.66	0.94%
	Hypothetical example	1,000.00	1,020.50	4.79	0.94%
Class R6	Actual expenses/actual returns	1,000.00	968.90	4.17	0.84%
	Hypothetical example	1,000.00	1,021.00	4.28	0.84%
Class NAV	Actual expenses/actual returns	1,000.00	968.90	4.17	0.84%
	Hypothetical example	1,000.00	1,021.00	4.28	0.84%

¹	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND

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Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 97.9%		$229,376,928
(Cost $201,127,392)
Canada 1.6%		3,664,024
Lululemon Athletica, Inc. (A)	6,606	2,599,329
Xenon Pharmaceuticals, Inc. (A)	34,345	1,064,695
Denmark 3.2%		7,463,498
Novo Nordisk A/S, Class B	77,361	7,463,498
France 8.6%		20,055,579
EssilorLuxottica SA	15,629	2,830,155
Hermes International SCA	2,795	5,214,985
L’Oreal SA	13,329	5,602,590
Schneider Electric SE	41,648	6,407,849
Germany 2.2%		5,216,659
Siemens AG	39,312	5,216,659
Indonesia 0.9%		2,146,888
Bank Rakyat Indonesia Persero Tbk PT	6,866,000	2,146,888
Ireland 2.5%		5,850,354
Allegion PLC	59,479	5,850,354
Netherlands 5.0%		11,727,896
ASML Holding NV	11,686	7,024,695
NXP Semiconductors NV	27,276	4,703,201
Singapore 0.9%		2,017,960
DBS Group Holdings, Ltd.	84,000	2,017,960
Sweden 1.1%		2,643,881
Hexagon AB, B Shares	324,417	2,643,881
Switzerland 4.8%		11,167,152
Cie Financiere Richemont SA, A Shares	23,260	2,744,111
Givaudan SA	1,237	4,117,383
Sika AG	17,992	4,305,658
Taiwan 2.0%		4,801,253
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	55,628	4,801,253
United Kingdom 2.1%		5,020,585
Ferguson PLC	33,426	5,020,585
United States 61.8%		144,784,719
89bio, Inc. (A)	154,695	1,144,743
Adobe, Inc. (A)	10,316	5,488,731

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

	Shares	Value
United States (continued)
Alphabet, Inc., Class A (A)	57,483	$7,132,491
Applied Materials, Inc.	21,383	2,830,040
Boston Scientific Corp. (A)	130,019	6,655,673
Cytokinetics, Inc. (A)	37,279	1,299,546
Fidelity National Financial, Inc.	84,764	3,313,425
Fortinet, Inc. (A)	41,210	2,355,976
IDEX Corp.	23,425	4,483,779
IDEXX Laboratories, Inc. (A)	12,579	5,024,933
Intuit, Inc.	12,229	6,052,744
KLA Corp.	14,993	7,042,212
Marriott International, Inc., Class A	25,275	4,765,854
Microsoft Corp.	25,067	8,475,403
NextEra Energy, Inc.	122,152	7,121,462
NVIDIA Corp.	12,932	5,273,670
ON Semiconductor Corp. (A)	35,284	2,210,190
Pool Corp.	9,379	2,961,607
Quest Diagnostics, Inc.	9,540	1,241,154
Republic Services, Inc.	49,241	7,311,796
Roper Technologies, Inc.	14,740	7,201,522
Synopsys, Inc. (A)	13,884	6,517,705
The Toro Company	58,349	4,716,933
Thermo Fisher Scientific, Inc.	17,607	7,831,065
TopBuild Corp. (A)	20,353	4,655,952
UnitedHealth Group, Inc.	19,915	10,665,677
Visa, Inc., Class A	46,833	11,010,436
Uruguay 1.2%		2,816,480
MercadoLibre, Inc. (A)	2,270	2,816,480


Total investments (Cost $201,127,392) 97.9%					$229,376,928
Other assets and liabilities, net 2.1%					4,881,134
Total net assets 100.0%					$234,258,062

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.

At 10-31-23, the aggregate cost of investments for federal income tax purposes was $202,167,621. Net unrealized appreciation aggregated to $27,209,307, of which $36,769,680 related to gross unrealized appreciation and $9,560,373 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND

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Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $201,127,392)	$229,376,928
Cash	8,827,946
Dividends and interest receivable	329,074
Receivable for investments sold	2,963,021
Receivable from affiliates	9,132
Other assets	41,012
Total assets	241,547,113
Liabilities
Payable for investments purchased	7,094,061
Payable for fund shares repurchased	32,312
Payable to affiliates
Accounting and legal services fees	17,188
Transfer agent fees	265
Trustees’ fees	420
Other liabilities and accrued expenses	144,805
Total liabilities	7,289,051
Net assets	$234,258,062
Net assets consist of
Paid-in capital	$206,770,678
Total distributable earnings (loss)	27,487,384
Net assets	$234,258,062

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 ($1,504,129 ÷ 138,808 shares)¹	$10.84
Class C ($116,963 ÷ 11,119 shares)¹	$10.52
Class I ($831,538 ÷ 76,373 shares)	$10.89
Class R6 ($113,850 ÷ 10,445 shares)	$10.90
Class NAV ($231,691,582 ÷ 21,246,306 shares)	$10.91
Maximum offering price per share
Class A (net asset value per share ÷ 95%)²	$11.41

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.

JOHN HANCOCK Global Thematic Opportunities Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

STATEMENT OF OPERATIONS For the year ended 10-31-23

Investment income
Dividends	$3,260,648
Interest	122,378
Non-cash dividends	271,134
Securities lending	625
Less foreign taxes withheld	(153,997)
Total investment income	3,500,788
Expenses
Investment management fees	2,174,851
Distribution and service fees	5,347
Accounting and legal services fees	55,613
Transfer agent fees	3,075
Trustees’ fees	6,908
Custodian fees	204,688
State registration fees	69,783
Printing and postage	17,632
Professional fees	69,841
Other	32,247
Total expenses	2,639,985
Less expense reductions	(400,598)
Net expenses	2,239,387
Net investment income	1,261,401
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	6,692,551
Affiliated investments	(1,241)
	6,691,310
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	19,074,125
	19,074,125
Net realized and unrealized gain	25,765,435
Increase in net assets from operations	$27,026,836

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund

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Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$9.94	$15.23	$12.56	$12.04	$10.00
Net investment income (loss)²	0.01	(0.01)	(0.03)	0.06	0.04
Net realized and unrealized gain (loss) on investments	0.90	(3.85)	3.49	0.92	2.00
Total from investment operations	0.91	(3.86)	3.46	0.98	2.04
Less distributions
From net investment income	(0.01)	—	(0.05)	(0.06)	—
From net realized gain	—	(1.43)	(0.74)	(0.40)	—
Total distributions	(0.01)	(1.43)	(0.79)	(0.46)	—
Net asset value, end of period	$10.84	$9.94	$15.23	$12.56	$12.04
Total return (%)^3,4	9.15	(27.96)	28.39	8.30	20.40⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$2	$1	$1	$1	$1
Ratios (as a percentage of average net assets):
Expenses before reductions	1.36	1.26	1.28	1.33	1.37⁶
Expenses including reductions	1.19	1.19	1.19	1.19	1.19⁶
Net investment income (loss)	0.11	(0.05)	(0.20)	0.48	0.39⁶
Portfolio turnover (%)	71	48	43	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

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CLASS C SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$9.72	$15.03	$12.44	$11.96	$10.00
Net investment loss²	(0.07)	(0.10)	(0.15)	(0.03)	(0.03)
Net realized and unrealized gain (loss) on investments	0.87	(3.78)	3.48	0.91	1.99
Total from investment operations	0.80	(3.88)	3.33	0.88	1.96
Less distributions
From net realized gain	—	(1.43)	(0.74)	(0.40)	—
Net asset value, end of period	$10.52	$9.72	$15.03	$12.44	$11.96
Total return (%)^3,4	8.23	(28.51)	27.48	7.50	19.60⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$—⁶	$—⁶	$1	$—⁶	$—⁶
Ratios (as a percentage of average net assets):
Expenses before reductions	2.11	2.01	2.03	2.08	2.12⁷
Expenses including reductions	1.94	1.94	1.94	1.94	1.94⁷
Net investment loss	(0.68)	(0.77)	(1.01)	(0.22)	(0.30)⁷
Portfolio turnover (%)	71	48	43	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.

JOHN HANCOCK Global Thematic Opportunities Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$9.99	$15.27	$12.59	$12.07	$10.00
Net investment income (loss)²	0.04	0.03	(0.01)	0.08	0.07
Net realized and unrealized gain (loss) on investments	0.90	(3.88)	3.51	0.93	2.00
Total from investment operations	0.94	(3.85)	3.50	1.01	2.07
Less distributions
From net investment income	(0.04)	—³	(0.08)	(0.09)	—
From net realized gain	—	(1.43)	(0.74)	(0.40)	—
Total distributions	(0.04)	(1.43)	(0.82)	(0.49)	—
Net asset value, end of period	$10.89	$9.99	$15.27	$12.59	$12.07
Total return (%)⁴	9.40	(27.83)	28.77	8.53	20.70⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$1	$1	$—⁶	$—⁶	$—⁶
Ratios (as a percentage of average net assets):
Expenses before reductions	1.11	1.01	1.03	1.08	1.12⁷
Expenses including reductions	0.94	0.94	0.93	0.94	0.94⁷
Net investment income (loss)	0.33	0.28	(0.07)	0.69	0.73⁷
Portfolio turnover (%)	71	48	43	58	59

¹	Period from 12-14-18 (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 period.
⁵	Not annualized.
⁶	Less than $500,000.
⁷	Annualized.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK Global Thematic Opportunities Fund

Table of Contents

CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$10.00	$15.29	$12.60	$12.07	$10.00
Net investment income²	0.05	0.03	0.02	0.09	0.08
Net realized and unrealized gain (loss) on investments	0.90	(3.87)	3.51	0.94	1.99
Total from investment operations	0.95	(3.84)	3.53	1.03	2.07
Less distributions
From net investment income	(0.05)	(0.02)	(0.10)	(0.10)	—
From net realized gain	—	(1.43)	(0.74)	(0.40)	—
Total distributions	(0.05)	(1.45)	(0.84)	(0.50)	—
Net asset value, end of period	$10.90	$10.00	$15.29	$12.60	$12.07
Total return (%)³	9.50	(27.75)	28.85	8.70	20.70⁴
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	1.00	0.90	0.93	0.97	1.01⁶
Expenses including reductions	0.85	0.85	0.85	0.85	0.85⁶
Net investment income	0.44	0.28	0.16	0.79	0.82⁶
Portfolio turnover (%)	71	48	43	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.

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CLASS NAV SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$10.01	$15.29	$12.60	$12.08	$10.00
Net investment income²	0.05	0.03	0.03	0.09	0.09
Net realized and unrealized gain (loss) on investments	0.90	(3.86)	3.49	0.93	1.99
Total from investment operations	0.95	(3.83)	3.52	1.02	2.08
Less distributions
From net investment income	(0.05)	(0.02)	(0.09)	(0.10)	—
From net realized gain	—	(1.43)	(0.74)	(0.40)	—
Total distributions	(0.05)	(1.45)	(0.83)	(0.50)	—
Net asset value, end of period	$10.91	$10.01	$15.29	$12.60	$12.08
Total return (%)³	9.50	(27.67)	28.86	8.62	20.80⁴
Ratios and supplemental data
Net assets, end of period (in millions)	$232	$282	$398	$332	$362
Ratios (as a percentage of average net assets):
Expenses before reductions	0.99	0.89	0.92	0.96	1.00⁵
Expenses including reductions	0.84	0.84	0.84	0.84	0.84⁵
Net investment income	0.48	0.28	0.18	0.78	0.88⁵
Portfolio turnover (%)	71	48	43	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

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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 eight 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.

Note 2—Significant accounting policies

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following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor 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 following is a summary of the values by input classification of the fund’s investments as of October 31, 2023, by major security category or type:

	Total value at 10-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Canada	$3,664,024	$3,664,024	—	—
Denmark	7,463,498	—	$7,463,498	—
France	20,055,579	—	20,055,579	—
Germany	5,216,659	—	5,216,659	—
Indonesia	2,146,888	—	2,146,888	—
Ireland	5,850,354	5,850,354	—	—
Netherlands	11,727,896	4,703,201	7,024,695	—
Singapore	2,017,960	—	2,017,960	—
Sweden	2,643,881	—	2,643,881	—
Switzerland	11,167,152	—	11,167,152	—
Taiwan	4,801,253	4,801,253	—	—
United Kingdom	5,020,585	5,020,585	—	—
United States	144,784,719	144,784,719	—	—
Uruguay	2,816,480	2,816,480	—	—
Total investments in securities	$229,376,928	$171,640,616	$57,736,312	—

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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 may 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 is a prime money market fund and 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. During the existence of the loan, the fund will receive from the borrower amounts equivalent to any dividends, interest or other distributions on the loaned securities, as well as interest on such amounts. 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, 2023, there were no securities on loan.

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funds, the fund can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. 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, 2023, the fund had no borrowings under the line of credit. Commitment fees for the year ended October 31, 2023 were $4,607.

For federal income tax purposes, as of October 31, 2023, the fund has a short-term capital loss carryforward of $1,241,995 available to offset future net realized capital gains. This carryforward does not expire.

The tax character of distributions for the years ended October 31, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$1,356,758	$7,660,978
Long-term capital gains	—	29,296,233
Total	$1,356,758	$36,957,211

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, wash sale loss deferrals, and corporate actions.

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Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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 net assets; (b) 0.815% of the next $250 million of the fund’s aggregate average net assets and (c) 0.790% of the next $500 million of the fund’s aggregate average net assets. 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), Manulife Global Thematic Opportunities Class (a class of mutual fund shares of Manulife Investment Exchange Funds Corp.) (Canadian Class), excluding the Canadian Class invested in the Manulife Global Thematic Opportunities Fund, and effective September 1, 2023, John Hancock Global Environmental Opportunities Fund (a series of John Hancock Investment Trust). 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 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, 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 applicable class plus class-specific expenses. Each agreement expires on February 28, 2024, unless renewed by mutual agreement of the fund and Advisor based upon a determination that this is appropriate under the circumstances at that time.

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For the year ended October 31, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$2,846
Class C	201
Class I	1,448

Class	Expense reduction
Class R6	$173
Class NAV	395,930
Total	$400,598

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

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 $783 for the year ended October 31, 2023. Of this amount, $122 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $661 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 purchased, including those that are acquired through purchases of $1 million or more, and 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, 2023, CDSCs received by the Distributor amounted to $72 for Class C shares. There were no CDSCs received by the Distributor for Class A shares.

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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, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$4,189	$1,968
Class C	1,158	135
Class I	—	964
Class R6	—	8
Total	$5,347	$3,075

Borrower or Lender	Weighted Average Loan Balance	Days Outstanding	Weighted Average Interest Rate	Interest Income (Expense)
Borrower	$7,625,000	8	3.305%	$(5,600)

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	34,923	$390,166	75,058	$938,289
Distributions reinvested	127	1,327	9,555	131,664
Repurchased	(42,333)	(474,154)	(28,381)	(321,370)
Net increase (decrease)	(7,283)	$(82,661)	56,232	$748,583
Class C shares
Sold	6,890	$70,521	756	$9,000
Distributions reinvested	—	—	7,647	103,698
Repurchased	(7,085)	(76,262)	(69,896)	(730,451)
Net decrease	(195)	$(5,741)	(61,493)	$(617,753)

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	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class I shares
Sold	33,833	$379,954	94,883	$1,241,022
Distributions reinvested	254	2,650	2,606	36,015
Repurchased	(25,867)	(290,340)	(58,803)	(694,777)
Net increase	8,220	$92,264	38,686	$582,260
Class R6 shares
Sold	1,064	$12,000	1,018	$12,000
Distributions reinvested	21	217	329	4,546
Net increase	1,085	$12,217	1,347	$16,546
Class NAV shares
Sold	13,462	$151,582	787,385	$8,271,517
Distributions reinvested	129,285	1,352,326	2,651,257	36,666,879
Repurchased	(7,041,902)	(76,885,895)	(1,302,750)	(19,490,293)
Net increase (decrease)	(6,899,155)	$(75,381,987)	2,135,892	$25,448,103
Total net increase (decrease)	(6,897,328)	$(75,365,908)	2,170,664	$26,177,739

Affiliates of the fund owned 48% and 100% of shares of Class R6 and Class NAV, respectively, on October 31, 2023. 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 $182,741,482 and $251,190,991, respectively, for the year ended October 31, 2023.

Note 7—Industry or sector risk

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, 2023, funds within the John Hancock group of funds complex held 98.9% 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	51.9%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	24.2%

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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, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the four years in the period ended October 31, 2023 and for the period December 14, 2018 (commencement of operations) through October 31, 2019 (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, 2023, 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, 2023 and the financial highlights for each of the four years in the period ended October 31, 2023 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

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, 2023 by correspondence with the custodian 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 7, 2023

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

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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 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

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.

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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, derivatives risk 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 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;
(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;

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(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.

(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, 2022. The Board took into account management’s discussion of the factors that contributed to the fund’s performancerelative to the benchmark 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 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 for the fund are higher than the peer group median and net total expenses for the fund are lower than the peer group median.

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(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.

(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

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	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.

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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.

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.

***

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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Trustees and Officers

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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND

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Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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

¹	Each Trustee holds office until his or her successor is duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

ANNUAL REPORT | JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND

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More information

Trustees

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

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

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

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 7^th Street Suite 219909 Kansas City, MO 64105-1407

JOHN HANCOCK GLOBAL THEMATIC OPPORTUNITIES FUND | ANNUAL REPORT

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John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

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EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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

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A trusted brand

A better way to invest

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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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.

MF3208621

471A 10/23

12/2023

A message to shareholders

Dear shareholders,

Sincerely,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2023 (%)

The MSCI All Country World (ACWI) ex USA Growth Index tracks the performance of growth stocks in the developed 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.

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.

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Moderating inflation and expectations of monetary policy easing helped to lift stocks

Most global stocks generated positive returns as inflationary pressures eased, fueling expectations that aggressive interest-rate hikes by many of the world’s central banks could be nearing an end.

The fund slightly outpaced its benchmark, the MSCI AC World (ACWI) ex USA Growth Index

The fund’s outperformance was due in part to stock selection in the information technology and healthcare sectors.

The fund’s positioning in the financials sector weighed on relative performance

In financials, the fund’s overweight had a negative relative impact, as the sector underperformed.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND

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Management’s discussion of fund performance

What were the main drivers of global equity market performance during the 12 months ended October 31, 2023?

Global equities rose as inflationary pressures moderated throughout most of the period covered by this report. Economic growth showed consistent evidence of deceleration, supporting disinflationary trends. Many of the world’s major central banks responded by signaling that they were inclined to pause or end the course of aggressive interest-rate hikes begun in early 2022 in the wake of spiking consumer prices. In China, equities rallied early in the period amid expectations for a rebound in the nation’s economic growth following the removal of strict COVID-19 rules. However, many of the subsequent benefits of this policy change failed to live up to expectations, and concerns about China’s property sector and the strength of manufacturing pressured Chinese equities. In most of the world’s major developed markets, economic resilience and easing inflationary pressures provided a positive catalyst for stocks.

How did the fund perform?

The fund slightly outperformed the benchmark, owing in part to the positive impact of stock selection in the information technology and healthcare sectors. On the negative side, the fund’s overweight in financials had a negative relative impact, as the sector underperformed; security selection in financials also was a detractor, as was stock selection in industrials. At the geographic level, holdings in the U.S.

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Novo Nordisk A/S, Class B	5.9
NVIDIA Corp.	5.4
Microsoft Corp.	4.6
BAE Systems PLC	4.1
L’Oreal SA	3.2
RELX PLC	3.2
Shell PLC	2.9
Novartis AG	2.8
Linde PLC	2.8
London Stock Exchange Group PLC	2.7
TOTAL	37.6
Cash and cash equivalents are not included.

TOP 10 COUNTRIES AS OF 10/31/2023 (% of net assets)
United Kingdom	18.3
United States	18.2
Japan	7.3
Switzerland	7.2
France	7.1
Germany	5.9
Denmark	5.9
Netherlands	5.1
Taiwan	4.3
Canada	2.7
TOTAL	82.0
Cash and cash equivalents are not included.

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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aided relative performance the most. In contrast, the fund’s underweight in Asia ex-Japan was a significant detractor, as the region outperformed.

What were the key drivers of relative performance?

The fund’s top contributor relative to the benchmark was a position in NVIDIA Corp. Shares of the U.S.-based multinational technology company rose sharply amid surging growth of its data center business and expectations for rapid adoption of artificial intelligence applications. Other holdings that notably contributed to relative performance were Novo Nordisk A/S, a pharmaceutical developer based in Denmark; Microsoft Corp., a U.S.-based multinational technology company; and BAE Systems PLC, a U.K.-based defense contractor.

On the negative side, the fund’s underweight in Tencent Holdings, Ltd., was the most significant detractor. The Chinese multinational technology and entertainment conglomerate is a large component of the fund’s benchmark, and its shares outperformed. Other positions that notably detracted from relative performance were Teleperformance, a global digital business service company based in France; Alibaba Group Holding, Ltd., a Chinese multinational ecommerce company; and Rentokil Initial PLC, a U.K.-based provider of pest control and hygiene services. We sold the fund’s holdings in Teleperformance and Alibaba prior to period end.

MANAGED BY

Andrew Jacobson, CFA

Bradley Amoils

Dean Bumbaca, CFA

The views expressed in this report are exclusively those of the portfolio management team at Axiom Investors 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 INTERNATIONAL DYNAMIC GROWTH FUND

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

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	3.81	4.42	21.73
Class C¹	7.47	4.85	23.98
Class I^1,2	9.57	5.90	29.73
Class R6^1,2	9.79	6.00	30.31
Class NAV²	9.79	6.03	30.47
Index^†	9.19	1.60	7.48

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, 2024 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 (%)	1.29	2.04	1.04	0.93	0.92
Net (%)	1.19	1.95	0.95	0.84	0.83

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

^† Index is the MSCI ACWI ex USA Growth Index.

See the following page for footnotes.

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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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 ACWI ex USA Growth Index.

	Start date	With maximum sales charge ($)	Without sales charge ($)	Index ($)
Class C^1,3	4-17-19	12,398	12,398	10,748
Class I^1,2	4-17-19	12,973	12,973	10,748
Class R6^1,2	4-17-19	13,031	13,031	10,748
Class NAV²	4-17-19	13,047	13,047	10,748

The MSCI All Country World (ACWI) ex USA Growth Index tracks the performance of growth stocks in the developed 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	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.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND

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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

Hypothetical example for comparison purposes

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2023	Ending value on 10-31-2023	Expenses paid during period ended 10-31-2023¹	Annualized expense ratio
Class A	Actual expenses/actual returns	$1,000.00	$930.80	$5.84	1.20%
	Hypothetical example	1,000.00	1,019.20	6.11	1.20%
Class C	Actual expenses/actual returns	1,000.00	927.60	9.47	1.95%
	Hypothetical example	1,000.00	1,015.40	9.91	1.95%
Class I	Actual expenses/actual returns	1,000.00	932.40	4.63	0.95%
	Hypothetical example	1,000.00	1,020.40	4.84	0.95%
Class R6	Actual expenses/actual returns	1,000.00	933.50	4.09	0.84%
	Hypothetical example	1,000.00	1,021.00	4.28	0.84%
Class NAV	Actual expenses/actual returns	1,000.00	933.60	4.05	0.83%
	Hypothetical example	1,000.00	1,021.00	4.23	0.83%

¹	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND

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Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 92.7%		$448,317,188
(Cost $426,576,918)
Australia 0.5%		2,362,314
Macquarie Group, Ltd.	22,982	2,362,314
Brazil 1.0%		4,963,104
B3 SA - Brasil Bolsa Balcao	2,254,300	4,963,104
Canada 2.7%		13,149,021
Canadian National Railway Company	44,500	4,708,480
Dollarama, Inc.	123,600	8,440,541
China 1.4%		6,537,333
Tencent Holdings, Ltd.	31,600	1,169,477
Trip.com Group, Ltd. (A)	157,500	5,367,856
Denmark 5.9%		28,563,142
Novo Nordisk A/S, Class B	296,064	28,563,142
France 7.1%		34,514,760
Hermes International SCA	5,571	10,394,519
L’Oreal SA	37,150	15,615,290
LVMH Moet Hennessy Louis Vuitton SE	9,922	7,103,465
STMicroelectronics NV	36,765	1,401,486
Germany 5.9%		28,769,176
Deutsche Boerse AG	46,584	7,667,564
Hensoldt AG	163,737	4,851,888
MTU Aero Engines AG	29,670	5,576,677
SAP SE	79,571	10,673,047
Ireland 2.0%		9,465,648
ICON PLC (A)	38,800	9,465,648
Italy 2.5%		12,223,438
Amplifon SpA	62,802	1,775,002
Ferrari NV	34,517	10,448,436
Japan 7.3%		35,249,622
BayCurrent Consulting, Inc.	180,100	4,521,727
Japan Exchange Group, Inc.	308,700	6,104,480
Kuraray Company, Ltd.	408,800	4,677,151
Mitsubishi Heavy Industries, Ltd.	92,100	4,743,581
Nippon Sanso Holdings Corp.	198,800	5,013,440
Sony Group Corp.	60,100	4,996,647
Tokio Marine Holdings, Inc.	232,100	5,192,596

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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	Shares	Value
Mexico 0.2%		$965,914
Grupo Aeroportuario del Centro Norte SAB de CV	126,000	965,914
Netherlands 5.1%		24,780,932
ASM International NV	16,146	6,663,132
ASML Holding NV	13,654	8,207,700
Wolters Kluwer NV	77,238	9,910,100
South Korea 2.0%		9,632,876
SK Hynix, Inc.	110,924	9,632,876
Sweden 1.4%		6,778,223
Atlas Copco AB, A Shares	454,213	5,881,614
EQT AB	49,076	896,609
Switzerland 7.2%		34,786,842
Alcon, Inc.	143,800	10,255,816
Novartis AG	144,863	13,562,011
Straumann Holding AG	10,489	1,239,634
UBS Group AG	195,994	4,605,162
Zurich Insurance Group AG	10,788	5,124,219
Taiwan 4.3%		20,553,870
Taiwan Semiconductor Manufacturing Company, Ltd.	572,000	9,342,201
Taiwan Semiconductor Manufacturing Company, Ltd., ADR	129,900	11,211,669
United Kingdom 18.3%		88,654,874
Ashtead Group PLC	77,452	4,442,069
BAE Systems PLC	1,462,683	19,667,807
Compass Group PLC	440,882	11,115,254
London Stock Exchange Group PLC	131,688	13,286,682
RELX PLC	445,825	15,554,936
Rentokil Initial PLC	2,063,235	10,507,012
Shell PLC	436,937	14,081,114
United States 15.3%		73,878,051
Eli Lilly & Company	3,400	1,883,362
Linde PLC	35,100	13,413,816
Microsoft Corp.	66,338	22,429,541
NVIDIA Corp.	64,180	26,172,604
ServiceNow, Inc. (A)	17,150	9,978,728
Uruguay 2.6%		12,488,048

MercadoLibre, Inc. (A)	10,065	12,488,048
Exchange-traded funds 2.9%		$14,024,602
(Cost $15,734,857)
iShares Core MSCI EAFE ETF (B)	162,700	10,145,972
iShares Core MSCI Total International Stock ETF (B)	67,000	3,878,630

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ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND

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	Yield (%)	Shares	Value
Short-term investments 1.6%			$7,652,989
(Cost $7,651,627)
Short-term funds 1.6%			7,652,989
John Hancock Collateral Trust (C)	5.5153(D)	765,559	7,652,989


Total investments (Cost $449,963,402) 97.2%					$469,994,779
Other assets and liabilities, net 2.8%					13,499,261
Total net assets 100.0%					$483,494,040

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 10-31-23.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.
(D)	The rate shown is the annualized seven-day yield as of 10-31-23.

At 10-31-23, the aggregate cost of investments for federal income tax purposes was $453,346,836. Net unrealized appreciation aggregated to $16,647,943, of which $37,020,839 related to gross unrealized appreciation and $20,372,896 related to gross unrealized depreciation.

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $442,311,775) including $7,483,829 of securities loaned	$462,341,790
Affiliated investments, at value (Cost $7,651,627)	7,652,989
Total investments, at value (Cost $449,963,402)	469,994,779
Cash	17,599,925
Foreign currency, at value (Cost $98,614)	98,613
Dividends and interest receivable	654,302
Receivable for fund shares sold	65,757
Receivable for investments sold	4,683,687
Receivable for securities lending income	1,640
Receivable from affiliates	6,696
Other assets	59,957
Total assets	493,165,356
Liabilities
Payable for investments purchased	1,820,879
Payable for fund shares repurchased	30,541
Payable upon return of securities loaned	7,651,325
Payable to affiliates
Accounting and legal services fees	35,622
Transfer agent fees	11,838
Trustees’ fees	594
Other liabilities and accrued expenses	120,517
Total liabilities	9,671,316
Net assets	$483,494,040
Net assets consist of
Paid-in capital	$530,229,527
Total distributable earnings (loss)	(46,735,487)
Net assets	$483,494,040

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STATEMENT OF OPERATIONS For the year ended 10-31-23

Investment income
Dividends	$6,408,051
Interest	142,322
Securities lending	14,820
Less foreign taxes withheld	(483,641)
Total investment income	6,081,552
Expenses
Investment management fees	3,456,623
Distribution and service fees	35,576
Accounting and legal services fees	90,014
Transfer agent fees	111,751
Trustees’ fees	10,043
Custodian fees	159,291
State registration fees	76,564
Printing and postage	19,381
Professional fees	71,434
Other	54,483
Total expenses	4,085,160
Less expense reductions	(391,360)
Net expenses	3,693,800
Net investment income	2,387,752
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	(37,663,188)
Affiliated investments	5,829
	(37,657,359)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	57,606,172
Affiliated investments	1,362
	57,607,534
Net realized and unrealized gain	19,950,175
Increase in net assets from operations	$22,337,927

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Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$8.42	$17.37	$13.24	$10.48	$10.09
Net investment income (loss)²	0.03	0.03	(0.06)	(0.06)	(0.02)
Net realized and unrealized gain (loss) on investments	0.75	(5.03)	5.01	2.82	0.41
Total from investment operations	0.78	(5.00)	4.95	2.76	0.39
Less distributions
From net investment income	(0.05)	—	—	—³	—
From net realized gain	—	(3.95)	(0.82)	—	—
Total distributions	(0.05)	(3.95)	(0.82)	—	—
Net asset value, end of period	$9.15	$8.42	$17.37	$13.24	$10.48
Total return (%)^4,5	9.24	(36.14)	38.72	26.39	3.87⁶
Ratios and supplemental data
Net assets, end of period (in millions)	$12	$12	$15	$6	$1
Ratios (as a percentage of average net assets):
Expenses before reductions	1.29	1.29	1.29	1.32	1.33⁷
Expenses including reductions	1.20	1.20	1.20	1.20	1.20⁷
Net investment income (loss)	0.28	0.31	(0.35)	(0.50)	(0.31)⁷
Portfolio turnover (%)	85	94	133	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.

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CLASS C SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$8.15	$17.05	$13.10	$10.44	$10.09
Net investment loss²	(0.04)	(0.06)	(0.19)	(0.14)	(0.04)
Net realized and unrealized gain (loss) on investments	0.73	(4.89)	4.96	2.80	0.39
Total from investment operations	0.69	(4.95)	4.77	2.66	0.35
Less distributions
From net realized gain	—	(3.95)	(0.82)	—	—
Net asset value, end of period	$8.84	$8.15	$17.05	$13.10	$10.44
Total return (%)^3,4	8.47	(36.64)	37.71	25.48	3.47⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$—⁶	$—⁶	$1	$—⁶	$—⁶
Ratios (as a percentage of average net assets):
Expenses before reductions	2.04	2.03	2.04	2.07	2.08⁷
Expenses including reductions	1.95	1.94	1.95	1.95	1.95⁷
Net investment loss	(0.46)	(0.52)	(1.18)	(1.21)	(0.75)⁷
Portfolio turnover (%)	85	94	133	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.

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CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$8.50	$17.46	$13.27	$10.49	$10.09
Net investment income (loss)²	0.05	0.07	(0.02)	—³	0.02
Net realized and unrealized gain (loss) on investments	0.76	(5.08)	5.03	2.80	0.38
Total from investment operations	0.81	(5.01)	5.01	2.80	0.40
Less distributions
From net investment income	(0.07)	—	—	(0.02)	—
From net realized gain	—	(3.95)	(0.82)	—	—
Total distributions	(0.07)	(3.95)	(0.82)	(0.02)	—
Net asset value, end of period	$9.24	$8.50	$17.46	$13.27	$10.49
Total return (%)⁴	9.57	(35.99)	39.11	26.64	4.06⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$98	$54	$17	$9	$—⁶
Ratios (as a percentage of average net assets):
Expenses before reductions	1.04	1.04	1.04	1.08	1.08⁷
Expenses including reductions	0.95	0.95	0.95	0.95	0.95⁷
Net investment income (loss)	0.48	0.74	(0.12)	0.01	0.31⁷
Portfolio turnover (%)	85	94	133	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.

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CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$8.52	$17.49	$13.28	$10.50	$10.09
Net investment income (loss)²	0.05	0.10	—³	(0.01)	0.02
Net realized and unrealized gain (loss) on investments	0.78	(5.12)	5.03	2.82	0.39
Total from investment operations	0.83	(5.02)	5.03	2.81	0.41
Less distributions
From net investment income	(0.08)	—	—	(0.03)	—
From net realized gain	—	(3.95)	(0.82)	—	—
Total distributions	(0.08)	(3.95)	(0.82)	(0.03)	—
Net asset value, end of period	$9.27	$8.52	$17.49	$13.28	$10.50
Total return (%)⁴	9.79	(35.98)	39.23	26.82	4.06⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$32	$16	$—⁶	$—⁶	$—⁶
Ratios (as a percentage of average net assets):
Expenses before reductions	0.93	0.93	0.93	0.96	0.98⁷
Expenses including reductions	0.84	0.84	0.84	0.84	0.84⁷
Net investment income (loss)	0.56	1.11	—⁸	(0.07)	0.45⁷
Portfolio turnover (%)	85	94	133	135	48

¹	The inception date for Class R6 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.
⁸	Less than 0.005%.

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CLASS NAV SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19¹
Per share operating performance
Net asset value, beginning of period	$8.53	$17.50	$13.28	$10.50	$10.00
Net investment income²	0.06	0.07	—³	—³	0.03
Net realized and unrealized gain (loss) on investments	0.77	(5.09)	5.04	2.81	0.47
Total from investment operations	0.83	(5.02)	5.04	2.81	0.50
Less distributions
From net investment income	(0.08)	—	—	(0.03)	—
From net realized gain	—	(3.95)	(0.82)	—	—
Total distributions	(0.08)	(3.95)	(0.82)	(0.03)	—
Net asset value, end of period	$9.28	$8.53	$17.50	$13.28	$10.50
Total return (%)⁴	9.79	(35.91)	39.13	26.92	5.00⁵
Ratios and supplemental data
Net assets, end of period (in millions)	$341	$237	$288	$232	$337
Ratios (as a percentage of average net assets):
Expenses before reductions	0.92	0.92	0.92	0.95	0.96⁶
Expenses including reductions	0.83	0.83	0.83	0.83	0.83⁶
Net investment income (loss)	0.59	0.67	0.01	(0.03)	0.62⁶
Portfolio turnover (%)	85	94	133	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.

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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 eight 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.

Note 2—Significant accounting policies

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.

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The following is a summary of the values by input classification of the fund’s investments as of October 31, 2023, by major security category or type:

	Total value at 10-31-23	Level 1 quoted price	Level 2 significant observable inputs	Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks
Australia	$2,362,314	—	$2,362,314	—
Brazil	4,963,104	$4,963,104	—	—
Canada	13,149,021	13,149,021	—	—
China	6,537,333	—	6,537,333	—
Denmark	28,563,142	—	28,563,142	—
France	34,514,760	—	34,514,760	—
Germany	28,769,176	—	28,769,176	—
Ireland	9,465,648	9,465,648	—	—
Italy	12,223,438	—	12,223,438	—
Japan	35,249,622	—	35,249,622	—
Mexico	965,914	965,914	—	—
Netherlands	24,780,932	—	24,780,932	—
South Korea	9,632,876	—	9,632,876	—
Sweden	6,778,223	—	6,778,223	—
Switzerland	34,786,842	10,255,816	24,531,026	—
Taiwan	20,553,870	11,211,669	9,342,201	—
United Kingdom	88,654,874	—	88,654,874	—
United States	73,878,051	73,878,051	—	—
Uruguay	12,488,048	12,488,048	—	—
Exchange-traded funds	14,024,602	14,024,602	—	—
Short-term investments	7,652,989	7,652,989	—	—
Total investments in securities	$469,994,779	$158,054,862	$311,939,917	—

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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 may 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 is a prime money market fund and 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.

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, 2023, the fund loaned securities valued at $7,483,829 and received $7,651,325 of cash collateral.

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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.

For federal income tax purposes, as of October 31, 2023, the fund has a short-term capital loss carryforward of $52,639,096 and a long-term capital loss carryforward of $12,179,495 available to offset future net realized capital gains. These carryforwards do not expire.

The tax character of distributions for the years ended October 31, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$2,898,417	$18,342,139
Long-term capital gains	—	54,616,974

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	October 31, 2023	October 31, 2022
Total	$2,898,417	$72,959,113

Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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) 0.800% of the first $500 million of the fund’s average daily net assets; (b) 0.790% of the next $500 million of the fund’s average daily net assets; (c) 0.750% of the next $1 billion of the fund’s average daily net assets; (d) 0.730% of the next $1 billion of the fund’s average daily net assets; and (e) 0.710% of the fund’s average daily net assets in excess of $3 billion. When aggregate net assets exceed $1 billion on any day, the annual rate of advisory fee is 0.750% on the first $1 billion of net assets. Prior to October 1, 2023, the annual rates were (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 exceeded $1 billion on any day, the annual rate of advisory fee for that day was 0.750% on all assets. The Advisor has a subadvisory agreement with Axiom Investors LLC. The fund is not responsible for payment of the subadvisory fees.

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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. 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 agreement expires on February 28, 2024, 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, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$12,191
Class C	175
Class I	73,765

Class	Expense reduction
Class R6	$23,038
Class NAV	282,191
Total	$391,360

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

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 $8,968 for the year ended October 31, 2023. Of this amount, $1,581 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $7,387 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 purchased, including those that are acquired through purchases of $1 million or more, and 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, 2023, CDSCs received by the Distributor amounted to $59 for Class C shares. There were no CDSCs received by the Distributor for Class A shares.

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Class level expenses. Class level expenses for the year ended October 31, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$33,609	$15,780
Class C	1,967	231
Class I	—	94,166
Class R6	—	1,574
Total	$35,576	$111,751

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	$5,050,000	2	5.678%	$1,593

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	277,765	$2,644,072	707,453	$7,772,438
Distributions reinvested	7,459	65,792	294,255	3,660,538
Repurchased	(341,311)	(3,268,471)	(460,367)	(4,729,116)
Net increase (decrease)	(56,087)	$(558,607)	541,341	$6,703,860

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	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class C shares
Sold	9,362	$85,395	18,040	$166,364
Distributions reinvested	—	—	7,189	87,201
Repurchased	(25,225)	(225,644)	(28,715)	(397,260)
Net decrease	(15,863)	$(140,249)	(3,486)	$(143,695)
Class I shares
Sold	5,606,333	$54,497,716	7,110,912	$73,349,889
Distributions reinvested	51,480	457,654	366,936	4,601,374
Repurchased	(1,454,330)	(13,842,144)	(2,026,817)	(19,459,149)
Net increase	4,203,483	$41,113,226	5,451,031	$58,492,114
Class R6 shares
Sold	1,740,631	$17,244,792	1,859,832	$20,532,448
Distributions reinvested	16,895	150,535	260	3,273
Repurchased	(174,092)	(1,648,389)	(5,165)	(50,019)
Net increase	1,583,434	$15,746,938	1,854,927	$20,485,702
Class NAV shares
Sold	12,234,645	$120,286,459	6,458,117	$70,669,833
Distributions reinvested	249,526	2,223,274	5,138,102	64,585,936
Repurchased	(3,509,325)	(34,060,661)	(290,004)	(4,364,816)
Net increase	8,974,846	$88,449,072	11,306,215	$130,890,953
Total net increase	14,689,813	$144,610,380	19,150,028	$216,428,934

Affiliates of the fund owned 100% of shares of Class NAV on October 31, 2023. 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 $481,774,808 and $355,969,889, respectively, for the year ended October 31, 2023.

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, 2023, funds within the John Hancock group of funds complex held 70.6% of the fund’s net assets. The following fund(s) had an affiliate ownership of 5% or more of the fund’s net assets:

Fund	Affiliated Concentration
John Hancock Funds II Multimanager Lifestyle Growth Portfolio	21.8%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	16.3%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	12.2%

ANNUAL REPORT | JOHN HANCOCK International Dynamic Growth Fund

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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, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, 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, 2023, 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, 2023 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

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, 2023 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 7, 2023

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

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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, 2023.

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 as Section 163(j) Interest Dividends.

Income derived from foreign sources was $5,408,261. The fund intends to pass through foreign tax credits of $404,951.

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 2023 Form 1099-DIV in early 2024. This will reflect the tax character of all distributions paid in calendar year 2023.

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

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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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 Investors LLC (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 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

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.

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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, derivatives risk 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 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;
(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;

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(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.

(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 the peer group median for the three-year period ended December 31, 2022 and underperformed for the one-year period. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to its benchmark index and the peer group for the three-year period ended December 31, 2022. The Board also noted that the fund outperformed its benchmark index and the peer group median since the fund’s inception on April 30, 2019, through December 31, 2022. 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.

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(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.

(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

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	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.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND

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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.

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.

* * *

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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Trustees and Officers

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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

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Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

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Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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

¹	Each Trustee holds office until his or her successor is duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

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More information

Trustees

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Axiom Investors LLC

Portfolio Managers

Bradley Amoils
Dean Bumbaca, CFA
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

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

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 7^th Street Suite 219909 Kansas City, MO 64105-1407

JOHN HANCOCK INTERNATIONAL DYNAMIC GROWTH FUND | ANNUAL REPORT

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John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

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EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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

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A trusted brand

A better way to invest

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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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.

MF3208632

474A 10/23

12/2023

A message to shareholders

Dear shareholder,

Sincerely,

Kristie M. Feinberg

Head of Wealth and Asset Management,
United States and Europe
Manulife Investment Management

President and CEO,
John Hancock Investment Management

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Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks long-term capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 10/31/2023 (%)

The Russell 2000 Index tracks the performance of approximately 2,000 publicly traded small-cap companies in 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.

¹Class A shares were first offered on 12-20-13 and ceased operations between 3-10-16 and 8-30-17. Returns while Class A shares were not offered are those of Class I shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

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PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Divergent performance in the equity market

While large-cap U.S. stocks rallied thanks to the outperformance of a small group of large technology companies, small-cap stocks declined amid rising interest rates and economic uncertainty.

The fund posted a loss but outperformed its benchmark

Reflecting the broad weakness in small-cap stocks, the fund posted a loss but held up better than its benchmark, the Russell 2000 Index.

Individual stock selection added value

Stock selection in the healthcare and information technology sectors contributed the most to the fund’s outperformance of the benchmark.

SECTOR COMPOSITION AS OF 10/31/2023 (% of net assets)

Notes about risk

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

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Management’s discussion of fund performance

How did U.S. small-cap stocks perform during the 12 months ended October 31, 2023?

U.S. stocks produced mixed results for the period. After a downward start to the period, U.S. equities rallied in early 2023 amid rising expectations that a declining inflation rate would bring an end to an extended series of short-term interest rate increases by the U.S. Federal Reserve (Fed). In March, however, the collapse of two regional banks, Signature Bank (New York) and Silicon Valley Bank (California), weighed on investor sentiment, and the subsequent uncertainty about economic growth and Fed interest rate policy put downward pressure on most of the U.S. stock market. The exception was a small group of very large technology companies, particularly those that are poised to benefit from burgeoning developments in artificial intelligence. As a result, large-cap stocks posted solid gains for the period, led by that handful of mega-cap tech stocks, while small-cap stocks declined overall.

How did the fund perform?

The fund declined but outpaced the benchmark. Asset allocation was the most important factor behind the outperformance, most notably in the healthcare and information technology sectors. The top performance contributors in the portfolio included engineering and construction services company EMCOR Group, Inc. and western wear retailer Boot Barn Holdings, Inc. EMCOR benefited from better profit

TOP 10 HOLDINGS AS OF 10/31/2023 (% of net assets)
Madison Square Garden Sports Corp.	2.3
Magnolia Oil & Gas Corp., Class A	2.2
Arcosa, Inc.	2.2
EMCOR Group, Inc.	2.2
EastGroup Properties, Inc.	2.1
Summit Materials, Inc., Class A	1.9
First Industrial Realty Trust, Inc.	1.9
The Timken Company	1.8
Chord Energy Corp.	1.8
Avient Corp.	1.7
TOTAL	20.1
Cash and cash equivalents are not included.

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

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margins and increased demand for commercial building improvements, while Boot Barn continued to expand eastward from its west coast base, funding its growth through internal cash generation.

On the downside, entertainment systems company VIZIO Holding Corp. and regional bank Banner Corp. detracted the most from performance versus the benchmark. VIZIO reported disappointing advertising revenue from its streaming service, while Banner fell along with other regional banks following the March liquidity crises in the banking sector.

MANAGED BY

Bill Talbot, CFA

Ryan Davies, CFA

Joseph Nowinski

The views expressed in this report are exclusively those of the portfolio management team at 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 SMALL CAP CORE FUND

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A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED OCTOBER 31, 2023

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 A¹	-9.90	5.79	5.85	32.49	75.29
Class I²	-4.88	7.15	6.63	41.23	88.36
Class R6^1,2	-4.79	7.27	6.64	42.02	88.59
Class NAV²	-4.79	7.27	6.75	42.05	90.47
Index^†	-8.56	3.31	5.45	17.67	68.74

Performance figures assume all distributions are reinvested. Figures reflect maximum sales charges on Class A shares of 5%. 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 July 31, 2025 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	Class NAV
Gross (%)	1.24	0.99	0.89	0.88
Net (%)	1.23	0.98	0.88	0.87

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

^† Index is the Russell 2000 Index.

See the following page for footnotes.

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

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This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Small 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 Russell 2000 Index.

	Start date	With maximum sales charge ($)	Without sales charge ($)	Index ($)
Class I²	12-20-13	18,836	18,836	16,874
Class R6^1,2	12-20-13	18,859	18,859	16,874
Class NAV²	12-20-13	19,047	19,047	16,874

The Russell 2000 Index tracks the performance of approximately 2,000 publicly traded small-cap companies in 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

Class A and Class I shares were first offered on 12-20-13. Class A shares ceased operations between 3-10-16 and 8-30-17. Returns while Class A shares were not offered are those of Class I shares. Class R6 shares were first offered on 8-30-17. Returns shown prior to this date are those of Class A shares (or Class I shares for the period between 3-10-16 and 8-30-17), that have not been adjusted for class-specific expenses; otherwise, returns would vary.

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

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

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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

Hypothetical example for comparison purposes

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

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SHAREHOLDER EXPENSE EXAMPLE CHART

		Account value on 5-1-2023	Ending value on 10-31-2023	Expenses paid during period ended 10-31-2023¹	Annualized expense ratio
Class A	Actual expenses/actual returns	$1,000.00	$954.90	$6.16	1.25%
	Hypothetical example	1,000.00	1,018.90	6.36	1.25%
Class I	Actual expenses/actual returns	1,000.00	956.00	4.93	1.00%
	Hypothetical example	1,000.00	1,020.20	5.09	1.00%
Class R6	Actual expenses/actual returns	1,000.00	956.90	4.39	0.89%
	Hypothetical example	1,000.00	1,020.70	4.53	0.89%
Class NAV	Actual expenses/actual returns	1,000.00	956.10	4.34	0.88%
	Hypothetical example	1,000.00	1,020.80	4.48	0.88%

¹	Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

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Fund’s investments

AS OF 10-31-23

	Shares	Value
Common stocks 95.8%		$1,597,406,827
(Cost $1,721,978,030)
Communication services 7.1%		118,165,005
Entertainment 3.5%
Madison Square Garden Sports Corp. (A)	230,525	38,760,470
Playtika Holding Corp. (A)	2,380,287	19,994,411
Interactive media and services 2.8%
Bumble, Inc., Class A (A)	1,830,033	24,595,644
Yelp, Inc. (A)	533,409	22,504,526
Media 0.8%
WideOpenWest, Inc. (A)	1,748,573	12,309,954
Consumer discretionary 8.4%		141,032,576
Automobile components 0.7%
Atmus Filtration Technologies, Inc. (A)	593,345	11,131,152
Hotels, restaurants and leisure 1.2%
First Watch Restaurant Group, Inc. (A)	1,223,787	20,449,481
Household durables 1.0%
Universal Electronics, Inc. (A)(B)	682,976	5,361,362
VIZIO Holding Corp., Class A (A)	2,245,767	11,430,954
Leisure products 1.0%
Malibu Boats, Inc., Class A (A)	404,765	17,655,849
Specialty retail 3.3%
Abercrombie & Fitch Company, Class A (A)	145,532	8,851,256
Boot Barn Holdings, Inc. (A)	275,665	19,158,718
Lithia Motors, Inc.	108,868	26,368,918
Textiles, apparel and luxury goods 1.2%
Columbia Sportswear Company	279,470	20,624,886
Consumer staples 1.9%		32,071,558
Consumer staples distribution and retail 0.7%
Performance Food Group Company (A)	207,621	11,992,189
Household products 1.2%
Central Garden & Pet Company, Class A (A)	505,905	20,079,369
Energy 5.0%		83,221,448
Energy equipment and services 1.0%
Helmerich & Payne, Inc.	408,777	16,175,306
Oil, gas and consumable fuels 4.0%
Chord Energy Corp.	178,611	29,527,971
Magnolia Oil & Gas Corp., Class A	1,671,188	37,518,171

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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	Shares	Value
Financials 9.8%		$162,910,832
Banks 8.3%
Atlantic Union Bankshares Corp.	922,994	26,591,457
Banner Corp.	516,040	21,782,048
Independent Bank Group, Inc.	713,525	25,223,109
Pinnacle Financial Partners, Inc.	361,325	22,532,227
SouthState Corp.	361,947	23,924,697
Univest Financial Corp.	1,063,315	17,714,828
Financial services 1.5%
Compass Diversified Holdings	1,463,473	25,142,466
Health care 13.7%		227,845,103
Biotechnology 1.0%
ACADIA Pharmaceuticals, Inc. (A)	209,948	4,738,526
Ionis Pharmaceuticals, Inc. (A)	138,589	6,135,335
Ultragenyx Pharmaceutical, Inc. (A)	157,777	5,585,306
Health care equipment and supplies 5.9%
Envista Holdings Corp. (A)	643,095	14,964,821
Globus Medical, Inc., Class A (A)	456,864	20,883,253
ICU Medical, Inc. (A)	110,307	10,816,704
Integer Holdings Corp. (A)	36,925	2,997,202
Integra LifeSciences Holdings Corp. (A)	511,380	18,389,225
Lantheus Holdings, Inc. (A)	126,278	8,157,559
Teleflex, Inc.	119,237	22,029,036
Health care providers and services 4.5%
Acadia Healthcare Company, Inc. (A)	266,928	19,621,877
Henry Schein, Inc. (A)	336,103	21,839,973
Option Care Health, Inc. (A)	607,545	16,847,223
Patterson Companies, Inc.	541,183	16,484,434
Life sciences tools and services 1.5%
Bio-Rad Laboratories, Inc., Class A (A)	25,328	6,972,292
Charles River Laboratories International, Inc. (A)	103,201	17,374,920
Pharmaceuticals 0.8%
Prestige Consumer Healthcare, Inc. (A)	235,974	14,007,417
Industrials 17.6%		293,843,594
Aerospace and defense 2.4%
Hexcel Corp.	341,323	21,134,720
Mercury Systems, Inc. (A)	542,534	19,520,373
Building products 4.5%
Gibraltar Industries, Inc. (A)	277,845	16,909,647
Hayward Holdings, Inc. (A)	1,841,725	19,338,113
PGT Innovations, Inc. (A)	708,987	21,227,071
The AZEK Company, Inc. (A)	657,870	17,236,194

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

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	Shares	Value
Industrials (continued)
Construction and engineering 5.3%
Arcosa, Inc.	523,671	$36,169,956
EMCOR Group, Inc.	174,309	36,020,955
MasTec, Inc. (A)	268,164	15,939,668
Machinery 4.4%
Crane Company	258,015	25,112,600
The Middleby Corp. (A)	172,550	19,475,719
The Timken Company	428,912	29,646,397
Professional services 1.0%
WNS Holdings, Ltd., ADR (A)	296,616	16,112,181
Information technology 22.0%		366,891,878
Electronic equipment, instruments and components 2.6%
Advanced Energy Industries, Inc.	191,431	16,704,269
Crane NXT Company	497,163	25,852,476
Semiconductors and semiconductor equipment 6.9%
Allegro MicroSystems, Inc. (A)	596,938	15,496,510
Alpha & Omega Semiconductor, Ltd. (A)	737,118	17,484,439
Ambarella, Inc. (A)	295,745	13,305,568
MACOM Technology Solutions Holdings, Inc. (A)	307,695	21,704,805
Synaptics, Inc. (A)	256,971	21,498,194
Veeco Instruments, Inc. (A)	1,085,611	25,989,527
Software 12.5%
Adeia, Inc.	2,301,878	19,404,832
Alkami Technology, Inc. (A)	375,306	6,736,743
CommVault Systems, Inc. (A)	383,992	25,093,877
CyberArk Software, Ltd. (A)	161,534	26,433,424
Progress Software Corp.	456,176	23,438,323
Tenable Holdings, Inc. (A)	569,075	23,963,748
Varonis Systems, Inc. (A)	833,657	28,044,221
Xperi, Inc. (A)	1,707,343	14,495,342
Yext, Inc. (A)	3,038,250	18,320,648
Zuora, Inc., Class A (A)	3,093,783	22,924,932
Materials 3.6%		60,337,954
Chemicals 1.7%
Avient Corp.	889,036	28,111,318
Construction materials 1.9%
Summit Materials, Inc., Class A (A)	979,533	32,226,636
Real estate 5.6%		92,857,059
Hotel and resort REITs 1.6%
Sunstone Hotel Investors, Inc.	2,839,826	26,410,382

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

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	Shares	Value
Real estate (continued)
Industrial REITs 4.0%
EastGroup Properties, Inc.	217,739	$35,545,892
First Industrial Realty Trust, Inc.	730,515	30,900,785
Utilities 1.1%		18,229,820
Multi-utilities 1.1%
Unitil Corp.	399,164	18,229,820

	Yield (%)	Shares	Value
Short-term investments 3.9%			$65,305,603
(Cost $65,293,134)
Short-term funds 3.9%			65,305,603
John Hancock Collateral Trust (C)	5.5153(D)	6,532,781	65,305,603


Total investments (Cost $1,787,271,164) 99.7%					$1,662,712,430
Other assets and liabilities, net 0.3%					4,781,887
Total net assets 100.0%					$1,667,494,317

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 fund owns 5% or more of the outstanding voting shares of the issuer and the security is considered an affiliate of the fund. For more information on this security refer to the Notes to financial statements.
(C)	Investment is an affiliate of the fund, the advisor and/or subadvisor.
(D)	The rate shown is the annualized seven-day yield as of 10-31-23.

At 10-31-23, the aggregate cost of investments for federal income tax purposes was $1,801,742,085. Net unrealized depreciation aggregated to $139,029,655, of which $132,172,654 related to gross unrealized appreciation and $271,202,309 related to gross unrealized depreciation.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

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Financial statements

STATEMENT OF ASSETS AND LIABILITIES 10-31-23

Assets
Unaffiliated investments, at value (Cost $1,695,643,087)	$1,592,045,465
Affiliated investments, at value (Cost $91,628,077)	70,666,965
Total investments, at value (Cost $1,787,271,164)	1,662,712,430
Dividends and interest receivable	610,141
Receivable for fund shares sold	2,666,008
Receivable for investments sold	7,776,932
Other assets	202,281
Total assets	1,673,967,792
Liabilities
Payable for investments purchased	4,465,369
Payable for fund shares repurchased	1,590,579
Payable to affiliates
Accounting and legal services fees	125,863
Transfer agent fees	91,499
Trustees’ fees	2,109
Other liabilities and accrued expenses	198,056
Total liabilities	6,473,475
Net assets	$1,667,494,317
Net assets consist of
Paid-in capital	$1,792,319,904
Total distributable earnings (loss)	(124,825,587)
Net assets	$1,667,494,317

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 ($301,269,773 ÷ 22,968,222 shares)¹	$13.12
Class I ($536,649,403 ÷ 40,526,076 shares)	$13.24
Class R6 ($328,387,370 ÷ 24,677,981 shares)	$13.31
Class NAV ($501,187,771 ÷ 37,674,522 shares)	$13.30
Maximum offering price per share
Class A (net asset value per share ÷ 95%)²	$13.81

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.

JOHN HANCOCK Small Cap Core Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

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Financial highlights

CLASS A SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$13.97	$18.52	$12.22	$11.78	$11.42
Net investment loss¹	(0.01)	(0.07)	(0.07)	(0.02)	(0.01)
Net realized and unrealized gain (loss) on investments	(0.71)	(2.42)	6.57	0.46	0.89
Total from investment operations	(0.72)	(2.49)	6.50	0.44	0.88
Less distributions
From net realized gain	(0.13)	(2.06)	(0.20)	—	(0.52)
Net asset value, end of period	$13.12	$13.97	$18.52	$12.22	$11.78
Total return (%)^2,3	(5.13)	(14.93)	53.59	3.74	8.45
Ratios and supplemental data
Net assets, end of period (in millions)	$301	$329	$377	$229	$235
Ratios (as a percentage of average net assets):
Expenses before reductions	1.25	1.24	1.24	1.30	1.29
Expenses including reductions	1.24	1.23	1.23	1.29	1.29
Net investment loss	(0.08)	(0.45)	(0.41)	(0.19)	(0.10)
Portfolio turnover (%)	56⁴	64	64	82	72

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.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK Small Cap Core Fund

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CLASS I SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$14.06	$18.59	$12.25	$11.78	$11.41
Net investment income (loss)¹	0.02	(0.03)	(0.03)	—²	0.02
Net realized and unrealized gain (loss) on investments	(0.71)	(2.44)	6.59	0.47	0.89
Total from investment operations	(0.69)	(2.47)	6.56	0.47	0.91
Less distributions
From net investment income	—	—	(0.02)	—	(0.02)
From net realized gain	(0.13)	(2.06)	(0.20)	—	(0.52)
Total distributions	(0.13)	(2.06)	(0.22)	—	(0.54)
Net asset value, end of period	$13.24	$14.06	$18.59	$12.25	$11.78
Total return (%)³	(4.88)	(14.74)	53.94	3.99	8.79
Ratios and supplemental data
Net assets, end of period (in millions)	$537	$540	$308	$47	$25
Ratios (as a percentage of average net assets):
Expenses before reductions	1.00	0.99	0.99	1.04	1.05
Expenses including reductions	0.99	0.98	0.98	1.04	1.04
Net investment income (loss)	0.17	(0.18)	(0.19)	(0.01)	0.14
Portfolio turnover (%)	56⁴	64	64	82	72

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	Excludes in-kind transactions.

JOHN HANCOCK Small Cap Core Fund | ANNUAL REPORT

SEE NOTES TO FINANCIAL STATEMENTS

Table of Contents

CLASS R6 SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$14.12	$18.65	$12.28	$11.79	$11.43
Net investment income (loss)¹	0.04	(0.01)	(0.01)	0.02	0.03
Net realized and unrealized gain (loss) on investments	(0.72)	(2.45)	6.61	0.47	0.89
Total from investment operations	(0.68)	(2.46)	6.60	0.49	0.92
Less distributions
From net investment income	—	(0.01)	(0.03)	—	(0.04)
From net realized gain	(0.13)	(2.06)	(0.20)	—	(0.52)
Total distributions	(0.13)	(2.07)	(0.23)	—	(0.56)
Net asset value, end of period	$13.31	$14.12	$18.65	$12.28	$11.79
Total return (%)²	(4.79)	(14.64)	54.16	4.16	8.83
Ratios and supplemental data
Net assets, end of period (in millions)	$328	$307	$242	$95	$86
Ratios (as a percentage of average net assets):
Expenses before reductions	0.89	0.89	0.89	0.93	0.94
Expenses including reductions	0.88	0.88	0.88	0.93	0.93
Net investment income (loss)	0.28	(0.09)	(0.07)	0.16	0.25
Portfolio turnover (%)	56³	64	64	82	72

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.

SEE NOTES TO FINANCIAL STATEMENTS

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CLASS NAV SHARES Period ended	10-31-23	10-31-22	10-31-21	10-31-20	10-31-19
Per share operating performance
Net asset value, beginning of period	$14.11	$18.64	$12.27	$11.79	$11.42
Net investment income (loss)¹	0.04	(0.01)	(0.01)	0.02	0.03
Net realized and unrealized gain (loss) on investments	(0.72)	(2.45)	6.61	0.46	0.90
Total from investment operations	(0.68)	(2.46)	6.60	0.48	0.93
Less distributions
From net investment income	—	(0.01)	(0.03)	—	(0.04)
From net realized gain	(0.13)	(2.06)	(0.20)	—	(0.52)
Total distributions	(0.13)	(2.07)	(0.23)	—	(0.56)
Net asset value, end of period	$13.30	$14.11	$18.64	$12.27	$11.79
Total return (%)²	(4.79)	(14.65)	54.07	4.16	8.94
Ratios and supplemental data
Net assets, end of period (in millions)	$501	$507	$690	$342	$298
Ratios (as a percentage of average net assets):
Expenses before reductions	0.88	0.88	0.88	0.92	0.93
Expenses including reductions	0.88	0.87	0.87	0.91	0.92
Net investment income (loss)	0.29	(0.09)	(0.05)	0.15	0.26
Portfolio turnover (%)	56³	64	64	82	72

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.

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Notes to financial statements

Note 1—Organization

John Hancock Small 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 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. 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

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prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

As of October 31, 2023, all investments are categorized as Level 1 under the hierarchy described above.

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The tax character of distributions for the years ended October 31, 2023 and 2022 was as follows:

	October 31, 2023	October 31, 2022
Ordinary income	$508	$54,185,083
Long-term capital gains	16,189,991	128,660,448
Total	$16,190,499	$182,845,531

Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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fund’s average daily net assets in excess of $900 million. 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.

For the year ended October 31, 2023, the expense reductions described above amounted to the following:

Class	Expense reduction
Class A	$29,721
Class I	50,145
Class R6	29,903

Class	Expense reduction
Class NAV	$48,946
Total	$158,715

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

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 $203,523 for the year ended October 31, 2023. Of this amount, $34,255 was retained and used for printing prospectuses, advertising, sales literature and other purposes and $169,268 was paid as sales commissions to broker-dealers.

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Class level expenses. Class level expenses for the year ended October 31, 2023 were as follows:

Class	Distribution and service fees	Transfer agent fees
Class A	$837,458	$393,153
Class I	—	663,086
Class R6	—	23,230
Total	$837,458	$1,079,469

Note 5—Fund share transactions

Transactions in fund shares for the years ended October 31, 2023 and 2022 were as follows:

	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class A shares
Sold	3,165,462	$44,932,627	3,795,369	$59,336,425
Distributions reinvested	237,850	3,146,755	2,610,958	42,193,082
Repurchased	(3,980,424)	(56,279,654)	(3,234,225)	(49,523,351)
Net increase (decrease)	(577,112)	$(8,200,272)	3,172,102	$52,006,156
Class I shares
Sold	20,224,335	$293,809,759	30,743,713	$477,048,932
Distributions reinvested	375,567	5,002,557	2,376,848	38,600,010
Repurchased	(18,455,277)	(264,888,886)	(11,287,727)	(171,426,486)
Net increase	2,144,625	$33,923,430	21,832,834	$344,222,456
Class R6 shares
Sold	9,568,676	$137,903,477	11,261,927	$174,589,333
Distributions reinvested	223,403	2,989,129	1,750,742	28,502,075
Repurchased	(6,871,884)	(99,388,809)	(4,239,751)	(64,810,266)
Net increase	2,920,195	$41,503,797	8,772,918	$138,281,142

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	Year Ended 10-31-23		Year Ended 10-31-22
	Shares	Amount	Shares	Amount
Class NAV shares
Sold	4,308,440	$60,866,306	172,164	$2,838,008
Distributions reinvested	363,639	4,861,848	4,493,328	73,151,385
Repurchased	(2,898,159)	(44,493,460)	(5,761,832)	(97,540,383)
Net increase (decrease)	1,773,920	$21,234,694	(1,096,340)	$(21,550,990)
Total net increase	6,261,628	$88,461,649	32,681,514	$512,958,764

Affiliates of the fund owned 1% and 100% of shares of Class R6 and Class NAV, respectively, on October 31, 2023. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.

On January 20, 2023 and June 28, 2023, there were redemptions in kind from Class R6 shares of $4,853,799 and $10,264,726, respectively, which represented approximately 0.3% and 0.6%, of the fund on the respective dates. For purposes of US GAAP, this transaction was treated as a sale of securities and the resulting gains and losses were recognized based on the market value of the securities on the date of the transfer. For tax purposes, no gains or losses were recognized. Net realized gain resulting from such redemption in kind is shown on the Statement of operations.

Note 6—Purchase and sale of securities

Purchases and sales of securities, other than short-term investments and in kind transactions, amounted to $1,096,641,746 and $963,212,670, respectively, for the year ended October 31, 2023.

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, 2023, funds within the John Hancock group of funds complex held 30.0% 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 Growth Portfolio	14.1%
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio	9.1%
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio	6.2%

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:

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							Dividends and distributions
Affiliate	Ending share amount	Beginning value	Cost of purchases	Proceeds from shares sold	Realized gain (loss)	Change in unrealized appreciation (depreciation)	Income distributions received	Capital gain distributions received	Ending value
John Hancock Collateral Trust	6,532,781	$105,143,815	$623,798,986	$(663,666,116)	$15,443	$13,475	$3,565,559	—	$65,305,603

Note 9—Transactions in securities of affiliated issuers

Affiliated issuers, as defined by the 1940 Act, are those in which the fund’s holdings of an issuer represent 5% or more of the outstanding voting securities of the issuer. A summary of the fund’s transactions in the securities of these issuers during the year ended October 31, 2023, is set forth below:

							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
Sciplay Corp., Class A*	—	$9,930,829	$6,911,049	$(22,921,446)	$6,835,215	$(755,647)	—	—	—
Universal Electronics, Inc.	682,976	13,390,552	709,685	(80,962)	(60,979)	(8,596,934)	—	—	$5,361,362
					$6,774,236	$(9,352,581)	—	—	$5,361,362

*	The security was an affiliate during the period but not an affiliate at the beginning or end of the year.

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Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Investment Trust and Shareholders of John Hancock Small 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 Small Cap Core Fund (one of the funds constituting John Hancock Investment Trust, referred to hereafter as the “Fund”) as of October 31, 2023, the related statement of operations for the year ended October 31, 2023, the statements of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (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, 2023, 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, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

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, 2023 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 7, 2023

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

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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 Small Cap Core Fund (the fund). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 26-29, 2023 meeting at which the Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 30-June 1, 2023. The Trustees who are not “interested persons” of the Trust as defined by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including with counsel to the Independent Trustees and a third-party consulting firm.

Approval of Advisory and Subadvisory Agreements

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.

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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, derivatives risk 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 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;
(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;

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(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.

(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-, three- and five-year periods ended December 31, 2022. The Board also noted that the fund outperformed the peer group median for the three- and five-year periods ended December 31, 2022 and underperformed for the one-year period. The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to its benchmark index for the one-, three- and five-year periods and peer group median for the 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 and the fund’s benchmark index.

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 reduces management fees as assets increase. The Board noted that the fund has a voluntary fee waiver and/or expense reimbursement, which

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reduce 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.

(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
(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.

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(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.

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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.

***

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Trustees and Officers

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,² Born: 1945	2012	179
Trustee and Chairperson of the Board
Director/Trustee, Virtus Funds (2008-2020); Director, The Barnes Group (2010-2021); 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.
James R. Boyle, Born: 1959	2015	175
Trustee
Board Member, United of Omaha Life Insurance Company (since 2022). Board Member, Mutual of Omaha Investor Services, Inc. (since 2022). Foresters Financial, Chief Executive Officer (2018–2022) and board member (2017–2022). Manulife Financial and John Hancock, more than 20 years, retiring in 2012 as Chief Executive Officer, John Hancock and Senior Executive Vice President, Manulife Financial. Trustee of various trusts within the John Hancock Fund Complex (2005–2014 and since 2015).
William H. Cunningham,³ Born: 1944	1986	177
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; Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000). Trustee of various trusts within the John Hancock Fund Complex (since 1986).
Noni L. Ellison, Born: 1971	2022	175
Trustee
Senior Vice President, General Counsel & Corporate Secretary, Tractor Supply Company (rural lifestyle retailer) (since 2021); General Counsel, Chief Compliance Officer & Corporate Secretary, Carestream Dental, L.L.C. (2017–2021); Associate General Counsel & Assistant Corporate Secretary, W.W. Grainger, Inc. (global industrial supplier) (2015–2017); Board Member, Goodwill of North Georgia, 2018 (FY2019)–2020 (FY2021); Board Member, Howard University School of Law Board of Visitors (since 2021); Board Member, University of Chicago Law School Board of Visitors (since 2016); Board member, Children’s Healthcare of Atlanta Foundation Board (2021–2023). Trustee of various trusts within the John Hancock Fund Complex (since 2022).
Grace K. Fey, Born: 1946	2012	179
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).
Dean C. Garfield, Born: 1968	2022	175
Trustee
Vice President, Netflix, Inc. (since 2019); President & Chief Executive Officer, Information Technology Industry Council (2009–2019); NYU School of Law Board of Trustees (since 2021); Member, U.S. Department of Transportation, Advisory Committee on Automation (since 2021); President of the United States Trade Advisory Council (2010–2018); Board Member, College for Every Student (2017–2021); Board Member, The Seed School of Washington, D.C. (2012–2017); Advisory Board Member of the Block Center for Technology and Society (since 2019). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

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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	177
Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Board of Directors, Amwell Corporation (since 2020); Board of Directors, Massachusetts Women’s Forum (2018-2020); Board of Directors, National Association of Corporate Directors/New England (2015-2020); 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 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).
Steven R. Pruchansky, Born: 1944	1994	175
Trustee and Vice Chairperson of the Board
Managing Director, Pru Realty (since 2017); Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (2014-2020); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); 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,³ Born: 1960	2020	175
Trustee
Director, Audit Committee Chair, Oatly Group AB (plant-based drink company) (since 2021); 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 and Audit Committee Chair, Planet Fitness (since 2016); Chief Financial Officer and Treasurer, Keurig Green Mountain, Inc. (2003-retired 2015). Trustee of various trusts within the John Hancock Fund Complex (since 2020).
Gregory A. Russo, Born: 1949	2009	175
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); Global Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002–2006); Vice Chairman, Industrial Markets, KPMG (1998–2002). Trustee of various trusts within the John Hancock Fund Complex (since 2008).

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

Table of Contents

Non-Independent Trustees⁴
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	177
Non-Independent Trustee
Global Head of Retail for Manulife (since 2022); Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (2018-2023); Director and Chairman, John Hancock Investment Management LLC (since 2005, including prior positions); Director and Chairman, John Hancock Variable Trust Advisers LLC (since 2006, including prior positions); Director and Chairman, John Hancock Investment Management Distributors LLC (since 2004, including prior positions); President of various trusts within the John Hancock Fund Complex (2007-2023, including prior positions). Trustee of various trusts within the John Hancock Fund Complex (since 2017).
Paul Lorentz, Born: 1968	2022	175
Non-Independent Trustee
Global Head, Manulife Wealth and Asset Management (since 2017); General Manager, Manulife, Individual Wealth Management and Insurance (2013–2017); President, Manulife Investments (2010–2016). Trustee of various trusts within the John Hancock Fund Complex (since 2022).

Principal officers who are not Trustees
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Kristie M. Feinberg, Born: 1975	2023
President
Head of Wealth and Asset Management, United States and Europe, for John Hancock and Manulife (since 2023); CFO and Global Head of Strategy, Manulife Investment Management (2021-2023, including prior positions); CFO Americas & Global Head of Treasury, Invesco, Ltd., Invesco US (2019-2020, including prior positions); Senior Vice President, Corporate Treasurer and Business Controller, Oppenheimer Funds (2001-2019, including prior positions); President of various trusts within the John Hancock Fund Complex (since 2023).
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).

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

Table of Contents

Principal officers who are not Trustees (continued)
Name, year of birth Position(s) held with Trust Principal occupation(s) during past 5 years	Current Position(s) with the Trust since
Christopher (Kit) Sechler, Born: 1973	2018
Secretary and Chief Legal Officer
Vice President and Deputy Chief Counsel, John Hancock Investment Management (since 2015); Assistant Vice President and Senior Counsel (2009–2015), John Hancock Investment Management; Assistant Secretary of John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2009); Chief Legal Officer and Secretary of various trusts within the John Hancock Fund Complex (since 2009, including prior positions).
Trevor Swanberg, Born: 1979	2020
Chief Compliance Officer
Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (since 2020); Deputy Chief Compliance Officer, John Hancock Investment Management LLC and John Hancock Variable Trust Advisers LLC (2019–2020); 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); Chief Compliance Officer of various trusts within the John Hancock Fund Complex (since 2016, including prior positions).

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

¹	Each Trustee holds office until his or her successor is duly 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 as of September 26, 2023.
³	Member of the Audit Committee.
⁴	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

ANNUAL REPORT | JOHN HANCOCK SMALL CAP CORE FUND

Table of Contents

More information

Trustees

Officers

Kristie M. Feinberg^#
President

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Christopher (Kit) Sechler
Secretary and Chief Legal Officer

Trevor Swanberg
Chief Compliance Officer

Investment advisor

John Hancock Investment Management LLC

Subadvisor

Manulife Investment Management (US) LLC

Portfolio Managers

Ryan Davies, CFA
Joseph Nowinski
Bill Talbot, CFA

Principal distributor

John Hancock Investment Management Distributors LLC

Custodian

State Street Bank and Trust Company

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers LLP

^π Member of the Audit Committee as of September 26, 2023.

^† Non-Independent Trustee

^* Member of the Audit Committee

^# Effective June 29, 2023.

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 7^th Street Suite 219909 Kansas City, MO 64105-1407

JOHN HANCOCK SMALL CAP CORE FUND | ANNUAL REPORT

Table of Contents

John Hancock family of funds

U.S. 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

Mid Cap Growth

New Opportunities

Regional Bank

Small Cap Core

Small Cap Growth

Small Cap Value

U.S. Global Leaders Growth

U.S. Growth

INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Fundamental Global Franchise

Global Environmental Opportunities

Global Equity

Global Shareholder Yield

Global Thematic Opportunities

International Dynamic Growth

International Growth

International Small Company

FIXED-INCOME FUNDS

Bond

California Municipal Bond

Emerging Markets Debt

Floating Rate Income

Government Income

High Yield

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Municipal Opportunities

Opportunistic Fixed Income

Short Duration Bond

Short Duration Municipal Opportunities

Strategic Income Opportunities

ALTERNATIVE FUNDS

Alternative Asset Allocation

Diversified Macro

Infrastructure

Multi-Asset Absolute Return

Real Estate Securities

Seaport Long/Short

Table of Contents

EXCHANGE-TRADED FUNDS

John Hancock Corporate Bond ETF

John Hancock Dynamic Municipal Bond ETF

John Hancock Fundamental All Cap Core ETF

John Hancock International High Dividend ETF

John Hancock Mortgage-Backed Securities ETF

John Hancock Multifactor Developed International ETF

John Hancock Multifactor Emerging Markets ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Small Cap ETF

John Hancock Preferred Income ETF

John Hancock U.S. High Dividend ETF

ASSET ALLOCATION/TARGET DATE FUNDS

Balanced

Multi-Asset High Income

Lifestyle Blend Portfolios

Lifetime Blend Portfolios

Multimanager Lifestyle Portfolios

Multimanager Lifetime Portfolios

ENVIRONMENTAL, SOCIAL, AND
GOVERNANCE FUNDS

ESG Core Bond

ESG International Equity

ESG Large Cap Core

CLOSED-END FUNDS

Asset-Based Lending

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

Table of Contents

A trusted brand

A better way to invest

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.

“A trusted brand” is based on a survey of 6,651 respondents conducted by Medallia between 3/18/20 and 5/13/20.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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

MF3208657

445A 10/23

12/2023

ITEM 2. CODE OF ETHICS.

As of the end of the period, October 31, 2023, 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 "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Frances G. Rathke 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, 2023 and 2022. These fees were billed to the registrant and were approved by the registrant's audit committee.

Fund	October 31, 2023	October 31, 2022
John Hancock ESG International Equity Fund	$57,838	$57,118
John Hancock ESG Large Cap Core Fund	$46,490	$45,527
John Hancock Fundamental Large Cap Core	$44,224	$43,359
John Hancock Global Environmental Opportunities Fund	$43,264	$43,175
John Hancock Global Thematic Opportunities Fund	$48,432	$48,120
John Hancock International Dynamic Growth Fund	$48,432	$48,210
John Hancock Small Cap Core Fund	$44,224	$43,359

(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 related to regulatory filings and affiliated service provider internal controls reviews.

Fund	October 31, 2023	October 31, 2022
John Hancock ESG International Equity Fund	$628	$585
John Hancock ESG Large Cap Core Fund	$628	$585
John Hancock Fundamental Large Cap Core	$628	$585
John Hancock Global Environmental Opportunities Fund	$628	$585
John Hancock Global Thematic Opportunities Fund	$628	$585
John Hancock International Dynamic Growth Fund	$628	$585
John Hancock Small Cap Core Fund	$628	$585

In addition, amounts billed to control affiliates for service provider internal controls reviews were $127,986 and $121,890 for the fiscal years ended October 31, 2023 and 2022, respectively.

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, 2023 and 2022. 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, 2023	October 31, 2022
John Hancock ESG International Equity Fund	$6,662	$4,716
John Hancock ESG Large Cap Core Fund	$5,253	$10,310
John Hancock Fundamental Large Cap Core	$6,566	$5,360
John Hancock Global Environmental Opportunities Fund	$7,935	$4,716
John Hancock Global Thematic Opportunities Fund	$6,662	$4,716
John Hancock International Dynamic Growth Fund	$6,662	$5,966
John Hancock Small Cap Core Fund	$6,566	$5,360

(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, 2023 and 2022 amounted to the following:

Fund	October 31, 2023	October 31, 2022
John Hancock ESG International Equity Fund	$0	$163
John Hancock ESG Large Cap Core Fund	$0	$163
John Hancock Fundamental Large Cap Core	$0	$163
John Hancock Global Environmental Opportunities Fund	$0	$163
John Hancock Global Thematic Opportunities Fund	$0	$163
John Hancock International Dynamic Growth Fund	$0	$163
John Hancock Small Cap Core Fund	$0	$163

The nature of the services comprising all other fees is advisory services provided to the investment manager.

(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, 2023, 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, 2023 and 2023 amounted to the following:

Trust	October 31, 2023	October 31, 2022
John Hancock Investment Trust	$1,244,869	$1,085,917

(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.

(i) Not applicable

(j) Not applicable

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:

Frances G. Rathke – Chairperson William H. Cunningham

Hassell H. McClellan - Member of the Audit Committee as of September 26, 2023

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.

The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached "John Hancock Funds – Nominating and Governance Committee Charter".

ITEM 11. CONTROLS AND PROCEDURES.

(a)Based upon their evaluation of the registrant's disclosure controls and procedures as

conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b)There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 13. EXHIBITS.

(a)(1) Code of Ethics for Covered 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/ Kristie M. Feinberg
	------------------------------
	Kristie M. Feinberg
	President
Date:	December 7, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Kristie M. Feinberg
	-------------------------------
	Kristie M. Feinberg
	President
Date:	December 7, 2023
By:	/s/ Charles A. Rizzo
	--------------------------------
	Charles A. Rizzo
	Chief Financial Officer
Date:	December 7, 2023

	Year ended 10-31-23	Year ended 10-31-22
Increase (decrease) in net assets
From operations
Net investment income	$2,686,241	$3,103,522
Net realized loss	(12,053,623)	(1,651,770)
Change in net unrealized appreciation (depreciation)	18,330,379	(44,088,304)
Increase (decrease) in net assets resulting from operations	8,962,997	(42,636,552)
Distributions to shareholders
From earnings
Class A	(69,829)	(429,856)
Class I	(1,011,407)	(5,821,981)
Class R6	(489,359)	(139,657)
Total distributions	(1,570,595)	(6,391,494)
From fund share transactions	2,991,689	55,019,223
Total increase	10,384,091	5,991,177
Net assets
Beginning of year	130,953,195	124,962,018
End of year	$141,337,286	$130,953,195

Investment income
Dividends	$4,467,763
Interest	94,895
Less foreign taxes withheld	(383,798)
Total investment income	4,178,860
Expenses
Investment management fees	1,334,257
Distribution and service fees	24,529
Accounting and legal services fees	32,112
Transfer agent fees	132,057
Trustees’ fees	3,936
Custodian fees	86,999
State registration fees	60,562
Printing and postage	21,878
Professional fees	77,244
Other	29,381
Total expenses	1,802,955
Less expense reductions	(310,336)
Net expenses	1,492,619
Net investment income	2,686,241
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	(12,053,623)
	(12,053,623)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	18,330,379
	18,330,379
Net realized and unrealized gain	6,276,756
Increase in net assets from operations	$8,962,997


Total investments (Cost $76,379,702) 100.2%					$114,276,788
Other assets and liabilities, net (0.2%)					(247,031)
Total net assets 100.0%					$114,029,757

Investment income
Dividends	$2,030,608
Less foreign taxes withheld	(4,045)
Total investment income	2,026,563
Expenses
Investment management fees	961,512
Distribution and service fees	102,736
Accounting and legal services fees	26,976
Transfer agent fees	141,417
Trustees’ fees	3,445
Custodian fees	43,505
State registration fees	72,942
Printing and postage	19,288
Professional fees	57,177
Other	21,175
Total expenses	1,450,173
Less expense reductions	(243,713)
Net expenses	1,206,460
Net investment income	820,103
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments	887,849
	887,849
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments	8,100,988
	8,100,988
Net realized and unrealized gain	8,988,837
Increase in net assets from operations	$9,808,940

Investment income
Dividends	$356,987
Interest	33,504
Less foreign taxes withheld	(20,516)
Total investment income	369,975
Expenses
Investment management fees	276,913
Distribution and service fees	1,097
Accounting and legal services fees	8,471
Transfer agent fees	2,690
Trustees’ fees	660
Custodian fees	29,293
State registration fees	72,642
Printing and postage	16,270
Professional fees	54,319
Other	18,351
Total expenses	480,706
Less expense reductions	(192,765)
Net expenses	287,941
Net investment income	82,034
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	(783,959)
	(783,959)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	63,686
	63,686
Net realized and unrealized loss	(720,273)
Decrease in net assets from operations	$(638,239)

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 ($12,296,917 ÷ 1,343,222 shares)¹	$9.15
Class C ($142,750 ÷ 16,143 shares)¹	$8.84
Class I ($98,022,011 ÷ 10,603,963 shares)	$9.24
Class R6 ($31,927,473 ÷ 3,444,047 shares)	$9.27
Class NAV ($341,104,889 ÷ 36,769,426 shares)	$9.28
Maximum offering price per share
Class A (net asset value per share ÷ 95%)²	$9.63

Investment income
Dividends	$17,232,594
Dividends from affiliated investments	3,565,559
Total investment income	20,798,153
Expenses
Investment management fees	14,649,746
Distribution and service fees	837,458
Accounting and legal services fees	373,444
Transfer agent fees	1,079,469
Trustees’ fees	44,111
Custodian fees	209,017
State registration fees	122,611
Printing and postage	160,479
Professional fees	140,596
Other	111,632
Total expenses	17,728,563
Less expense reductions	(158,715)
Net expenses	17,569,848
Net investment income	3,228,305
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments	5,873,269
Affiliated investments	(45,536)
Redemptions in kind	3,223,937
	9,051,670
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments	(90,969,042)
Affiliated investments	(8,583,459)
	(99,552,501)
Net realized and unrealized loss	(90,500,831)
Decrease in net assets from operations	$(87,272,526)