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
811-02402
(Exact name of registrant as specified in charter)
200 BERKELEY STREET, BOSTON, MA 02116
(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
May 31
Date of reporting period:
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following annual reports to shareholders for the period ended May 31, 2024:
John Hancock Bond Fund
Annual SHAREHOLDER REPORT | May 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class A/JHNBX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class A/JHNBX) returned 2.35% (excluding sales charges) for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
( |
||
| ( |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 4.00%. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
At a meeting held on December 12–14, 2023, the fund’s Board of Trustees approved a sales charge reduction and change to the contingent deferred sales charge (CDSC) for Class A shares. As a result, effective March 1, 2024, the maximum CDSC as a percentage of purchase or sale price, whichever is less, was reduced from 1.00% on certain purchases of $1 million or more, to 0.75% on certain purchases of $500,000 or more.
This is a summary of certain changes to the fund since 6-1-23. For more complete information, you may review the fund’s next prospectus, which we expect to be available by 10-1-24 at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-A
5/24
7/24
Annual SHAREHOLDER REPORT | May 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class C/JHCBX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class C/JHCBX) returned 1.63% (excluding sales charges) for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
| ( |
|||
| Bloomberg U.S. Aggregate Bond Index | 1.31% | (0.17)% | 1.26% |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-C
5/24
7/24
Annual SHAREHOLDER REPORT | May 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class I/JHBIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class I/JHBIX) returned 2.65% for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| Bloomberg U.S. Aggregate Bond Index | 1.31% | (0.17)% | 1.26% |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-I
5/24
7/24
Annual SHAREHOLDER REPORT | May 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class NAV) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class NAV) returned 2.85% for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| Bloomberg U.S. Aggregate Bond Index | 1.31% | (0.17)% | 1.26% |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class NAV shares were first offered on 8-31-15. Returns prior to this date are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-A
5/24
7/24
Annual SHAREHOLDER REPORT | May 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class R2/JHRBX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class R2/JHRBX) returned 2.34% for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| Bloomberg U.S. Aggregate Bond Index | 1.31% | (0.17)% | 1.26% |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-R2
5/24
7/24
Annual SHAREHOLDER REPORT | May 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class R4/JBFRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class R4/JBFRX) returned 2.59% for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| Bloomberg U.S. Aggregate Bond Index | 1.31% | (0.17)% | 1.26% |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class R4 shares were first offered on 3-27-15. Returns prior to this date are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-R4
5/24
7/24
Annual SHAREHOLDER REPORT | May 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Bond Fund (Class R6/JHBSX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Bond Fund (Class R6/JHBSX) returned 2.85% for the year ended May 31, 2024. The bond market posted a gain in the annual period. Bond prices experienced volatility due to the combination of persistent inflation and uncertainty as to when the U.S. Federal Reserve would begin to cut interest rates. High-yield and investment-grade corporate bonds performed particularly well on the strength of better-than expected economic growth, steady earnings, and robust investor risk appetites.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | Investment grade corporates were the strongest performing segment of the portfolio in the annual period, with the largest contributions coming from positions in the banking and midstream energy sectors.
High-yield corporates | An allocation to high yield, which outpaced the investment-grade market, added meaningful value.
TOP PERFORMANCE DETRACTORS
Duration (interest rate sensitivity) | Rising bond yields put downward pressure on bond prices, detracting from fund performance. However, total returns were positive due to the contribution from income.
Specific holdings in U.S. Treasuries and emerging market corporates | Certain holdings in U.S. Treasuries lost ground, as did the bonds of an emerging market corporate issuer, Total Play Telecomunicaciones SA de CV.
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.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| Bloomberg U.S. Aggregate Bond Index | 1.31% | (0.17)% | 1.26% |
|
The Fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate | |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| U.S. Government Agency | |
| U.S. Government | |
| Asset backed securities | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. 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 and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3619769
21A-R6
5/24
7/24
ITEM 2. CODE OF ETHICS.
As of the end of the year, May 31, 2024, 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 $69,467 and $66,887 for the fiscal years ended May 31, 2024 and May 31, 2023, respectively. These fees were billed to the registrant and were approved by the registrant's audit committee.
(b) Audit-Related Services
Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews and a software licensing fee. Amounts billed to the registrant were $80 and $1,134 for fiscal years ended May 31, 2024 and May 31, 2023, respectively.
Amounts billed to control affiliates were $127,986 and $121,890 for the fiscal years ended May 31, 2024 and May 31, 2023, respectively.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to $4,254 and $4,110 for the fiscal years ended May 31, 2024 and May 31, 2023, respectively. 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.
(d) All Other Fees
Other fees amounted to $369 and $57 for the fiscal years ended May 31, 2024 and May 31, 2023, respectively. The nature of the services comprising all other fees is advisory services provided to the investment manager. These fees were approved by the registrant's audit committee.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The registrant'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 registrant'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 year/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 year/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 year ended May 31, 2024, 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 principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $974,002 for the fiscal year ended May 31, 2024 and $1,236,876 for the fiscal year ended May 31, 2023.
(h) The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant 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
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Refer to information included in Item 7.
(b) Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
The Registrant prepared financial statements and financial highlights for the year ended May 31, 2024 for the following fund:
John Hancock Bond Fund
Fund’s investments
AS OF
5-31-24
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government and Agency obligations 53.2% | $12,982,268,581 | ||||
| (Cost $13,723,711,978) | |||||
| U.S. Government 18.7% | 4,575,234,533 | ||||
| U.S. Treasury | |||||
| Bond | 2.250 | 02-15-52 | 108,346,000 | 67,847,451 | |
| Bond | 2.500 | 02-15-45 | 46,737,000 | 32,931,329 | |
| Bond | 3.000 | 08-15-52 | 318,724,000 | 236,079,861 | |
| Bond | 3.375 | 08-15-42 | 489,409,000 | 408,866,809 | |
| Bond | 3.375 | 11-15-48 | 108,345,000 | 86,896,076 | |
| Bond | 4.000 | 11-15-42 | 488,294,000 | 445,091,427 | |
| Bond | 4.250 | 02-15-54 | 603,511,000 | 566,074,458 | |
| Bond | 4.625 | 05-15-44 | 421,460,000 | 416,850,281 | |
| Bond | 4.750 | 11-15-43 | 707,701,000 | 709,470,248 | |
| Note | 4.000 | 01-31-31 | 198,496,000 | 192,758,225 | |
| Note | 4.125 | 03-31-31 | 325,336,000 | 318,219,275 | |
| Note | 4.375 | 05-15-34 | 561,046,000 | 556,049,184 | |
| Note | 4.625 | 04-30-29 | 168,409,000 | 169,224,731 | |
| Note | 4.625 | 04-30-31 | 366,186,000 | 368,875,178 | |
| U.S. Government Agency 34.5% | 8,407,034,048 | ||||
| Federal Home Loan Mortgage Corp. | |||||
| 15 Yr Pass Thru | 2.000 | 06-01-36 | 56,000,293 | 49,350,062 | |
| 15 Yr Pass Thru | 4.500 | 11-01-37 | 16,948,565 | 16,524,976 | |
| 15 Yr Pass Thru | 4.500 | 12-01-37 | 11,276,190 | 10,994,368 | |
| 15 Yr Pass Thru | 4.500 | 01-01-38 | 11,813,538 | 11,518,287 | |
| 15 Yr Pass Thru | 4.500 | 02-01-38 | 36,806,035 | 35,886,156 | |
| 30 Yr Pass Thru | 2.000 | 09-01-50 | 114,915,936 | 90,171,501 | |
| 30 Yr Pass Thru | 2.000 | 03-01-52 | 60,705,435 | 47,482,189 | |
| 30 Yr Pass Thru | 2.500 | 09-01-50 | 25,802,454 | 21,141,754 | |
| 30 Yr Pass Thru | 2.500 | 08-01-51 | 58,596,539 | 48,177,043 | |
| 30 Yr Pass Thru | 2.500 | 11-01-51 | 43,932,217 | 36,051,652 | |
| 30 Yr Pass Thru | 2.500 | 12-01-51 | 13,968,826 | 11,399,799 | |
| 30 Yr Pass Thru | 3.000 | 03-01-43 | 2,904,786 | 2,569,049 | |
| 30 Yr Pass Thru | 3.000 | 12-01-45 | 9,748,710 | 8,475,106 | |
| 30 Yr Pass Thru | 3.000 | 05-01-46 | 1,797,999 | 1,562,541 | |
| 30 Yr Pass Thru | 3.000 | 10-01-46 | 3,999,437 | 3,470,688 | |
| 30 Yr Pass Thru | 3.000 | 10-01-46 | 3,019,998 | 2,624,630 | |
| 30 Yr Pass Thru | 3.000 | 10-01-46 | 5,611,054 | 4,862,226 | |
| 30 Yr Pass Thru | 3.000 | 10-01-46 | 41,973,738 | 36,450,800 | |
| 30 Yr Pass Thru | 3.000 | 12-01-46 | 31,847,973 | 27,557,866 | |
| 30 Yr Pass Thru | 3.000 | 12-01-46 | 7,646,489 | 6,630,800 | |
| 30 Yr Pass Thru | 3.000 | 04-01-47 | 21,192,761 | 18,351,219 | |
| 30 Yr Pass Thru | 3.000 | 09-01-49 | 11,117,547 | 9,526,763 | |
| 30 Yr Pass Thru | 3.000 | 10-01-49 | 14,092,169 | 12,080,157 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 2 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 3.000 | 12-01-49 | 13,184,212 | $11,240,032 | |
| 30 Yr Pass Thru | 3.000 | 01-01-50 | 11,666,789 | 9,993,769 | |
| 30 Yr Pass Thru | 3.000 | 02-01-50 | 7,229,401 | 6,192,703 | |
| 30 Yr Pass Thru | 3.000 | 06-01-51 | 71,484,287 | 61,043,550 | |
| 30 Yr Pass Thru | 3.000 | 02-01-52 | 51,165,367 | 43,460,492 | |
| 30 Yr Pass Thru | 3.000 | 06-01-52 | 60,869,947 | 51,770,262 | |
| 30 Yr Pass Thru | 3.500 | 06-01-42 | 2,070,175 | 1,889,936 | |
| 30 Yr Pass Thru | 3.500 | 04-01-44 | 3,125,835 | 2,841,396 | |
| 30 Yr Pass Thru | 3.500 | 05-01-45 | 4,934,365 | 4,445,796 | |
| 30 Yr Pass Thru | 3.500 | 08-01-46 | 30,565,899 | 27,520,356 | |
| 30 Yr Pass Thru | 3.500 | 09-01-46 | 6,368,921 | 5,716,418 | |
| 30 Yr Pass Thru | 3.500 | 10-01-46 | 1,161,472 | 1,046,834 | |
| 30 Yr Pass Thru | 3.500 | 10-01-46 | 12,111,873 | 10,757,450 | |
| 30 Yr Pass Thru | 3.500 | 11-01-46 | 3,678,039 | 3,301,220 | |
| 30 Yr Pass Thru | 3.500 | 11-01-46 | 4,204,831 | 3,779,297 | |
| 30 Yr Pass Thru | 3.500 | 12-01-46 | 5,463,911 | 4,916,080 | |
| 30 Yr Pass Thru | 3.500 | 01-01-47 | 3,707,693 | 3,334,787 | |
| 30 Yr Pass Thru | 3.500 | 02-01-47 | 4,871,181 | 4,387,346 | |
| 30 Yr Pass Thru | 3.500 | 04-01-47 | 6,766,586 | 6,086,029 | |
| 30 Yr Pass Thru | 3.500 | 09-01-47 | 17,982,229 | 16,151,169 | |
| 30 Yr Pass Thru | 3.500 | 03-01-52 | 24,772,451 | 21,933,647 | |
| 30 Yr Pass Thru | 3.500 | 03-01-52 | 40,299,844 | 35,505,363 | |
| 30 Yr Pass Thru | 3.500 | 04-01-52 | 81,010,410 | 71,676,374 | |
| 30 Yr Pass Thru | 3.500 | 07-01-52 | 23,833,552 | 20,983,174 | |
| 30 Yr Pass Thru | 3.500 | 07-01-52 | 46,357,849 | 40,810,052 | |
| 30 Yr Pass Thru | 3.500 | 07-01-52 | 35,273,902 | 31,055,313 | |
| 30 Yr Pass Thru | 4.000 | 01-01-41 | 4,914,837 | 4,625,056 | |
| 30 Yr Pass Thru | 4.000 | 03-01-42 | 2,574,931 | 2,419,384 | |
| 30 Yr Pass Thru | 4.000 | 11-01-43 | 2,083,886 | 1,951,771 | |
| 30 Yr Pass Thru | 4.000 | 01-01-47 | 5,096,735 | 4,743,233 | |
| 30 Yr Pass Thru | 4.000 | 03-01-47 | 14,743,527 | 13,665,651 | |
| 30 Yr Pass Thru | 4.000 | 04-01-47 | 5,734,507 | 5,338,563 | |
| 30 Yr Pass Thru | 4.000 | 05-01-47 | 4,775,562 | 4,445,829 | |
| 30 Yr Pass Thru | 4.000 | 10-01-47 | 7,342,145 | 6,821,433 | |
| 30 Yr Pass Thru | 4.000 | 03-01-48 | 1,799,347 | 1,667,800 | |
| 30 Yr Pass Thru | 4.000 | 07-01-48 | 14,693,963 | 13,619,711 | |
| 30 Yr Pass Thru | 4.000 | 08-01-48 | 7,230,619 | 6,692,962 | |
| 30 Yr Pass Thru | 4.000 | 08-01-49 | 74,098,525 | 67,756,040 | |
| 30 Yr Pass Thru | 4.000 | 05-01-52 | 2,318,350 | 2,132,770 | |
| 30 Yr Pass Thru | 4.000 | 05-01-52 | 123,603,872 | 112,512,167 | |
| 30 Yr Pass Thru | 4.000 | 06-01-52 | 79,803,046 | 72,641,848 | |
| 30 Yr Pass Thru | 4.000 | 08-01-52 | 33,324,165 | 30,479,584 | |
| 30 Yr Pass Thru | 4.000 | 08-01-52 | 38,392,689 | 34,899,495 | |
| 30 Yr Pass Thru | 4.000 | 08-01-52 | 72,053,285 | 65,767,652 | |
| 3 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 4.000 | 08-01-52 | 21,868,406 | $19,906,025 | |
| 30 Yr Pass Thru | 4.000 | 04-01-53 | 22,398,313 | 20,500,372 | |
| 30 Yr Pass Thru | 4.000 | 04-01-53 | 25,895,556 | 23,636,533 | |
| 30 Yr Pass Thru | 4.000 | 06-01-53 | 57,794,950 | 52,735,095 | |
| 30 Yr Pass Thru | 4.500 | 06-01-52 | 24,452,406 | 23,084,375 | |
| 30 Yr Pass Thru | 4.500 | 07-01-52 | 21,061,040 | 19,876,163 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 12,832,038 | 12,122,148 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 61,049,128 | 57,595,475 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 50,316,985 | 47,470,467 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 30,456,661 | 28,543,321 | |
| 30 Yr Pass Thru | 4.500 | 09-01-52 | 31,855,764 | 30,053,629 | |
| 30 Yr Pass Thru | 4.500 | 09-01-52 | 35,291,583 | 33,339,193 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 38,305,343 | 36,281,990 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 33,162,593 | 31,232,122 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 36,481,483 | 34,463,265 | |
| 30 Yr Pass Thru | 4.500 | 12-01-52 | 22,561,305 | 21,276,161 | |
| 30 Yr Pass Thru | 4.500 | 12-01-52 | 89,005,123 | 84,303,721 | |
| 30 Yr Pass Thru | 4.500 | 03-01-53 | 51,173,244 | 47,958,454 | |
| 30 Yr Pass Thru | 4.500 | 04-01-53 | 21,280,578 | 20,101,638 | |
| 30 Yr Pass Thru | 4.500 | 08-01-53 | 65,733,321 | 62,091,709 | |
| 30 Yr Pass Thru | 4.500 | 08-01-53 | 15,542,975 | 14,652,754 | |
| 30 Yr Pass Thru | 5.000 | 08-01-52 | 39,086,546 | 37,982,211 | |
| 30 Yr Pass Thru | 5.000 | 08-01-52 | 34,040,572 | 32,834,137 | |
| 30 Yr Pass Thru | 5.000 | 08-01-52 | 41,666,302 | 40,384,914 | |
| 30 Yr Pass Thru | 5.000 | 10-01-52 | 50,042,240 | 48,597,091 | |
| 30 Yr Pass Thru | 5.000 | 10-01-52 | 37,042,540 | 35,729,712 | |
| 30 Yr Pass Thru | 5.000 | 11-01-52 | 40,407,848 | 38,937,867 | |
| 30 Yr Pass Thru | 5.000 | 11-01-52 | 9,795,624 | 9,439,273 | |
| 30 Yr Pass Thru | 5.000 | 12-01-52 | 18,466,714 | 17,893,025 | |
| 30 Yr Pass Thru | 5.000 | 12-01-52 | 36,941,317 | 35,874,503 | |
| 30 Yr Pass Thru | 5.000 | 12-01-52 | 4,510,423 | 4,350,569 | |
| 30 Yr Pass Thru | 5.000 | 12-01-52 | 31,197,447 | 30,306,258 | |
| 30 Yr Pass Thru | 5.000 | 01-01-53 | 61,620,768 | 59,379,090 | |
| 30 Yr Pass Thru | 5.000 | 01-01-53 | 37,255,500 | 36,063,190 | |
| 30 Yr Pass Thru | 5.000 | 04-01-53 | 40,053,928 | 38,784,575 | |
| 30 Yr Pass Thru | 5.000 | 06-01-53 | 46,934,116 | 45,473,855 | |
| 30 Yr Pass Thru | 5.000 | 06-01-53 | 59,571,276 | 57,739,245 | |
| 30 Yr Pass Thru | 5.000 | 07-01-53 | 10,991,234 | 10,636,727 | |
| 30 Yr Pass Thru | 5.000 | 07-01-53 | 45,485,614 | 44,029,911 | |
| 30 Yr Pass Thru | 5.000 | 08-01-53 | 76,036,565 | 73,674,406 | |
| 30 Yr Pass Thru | 5.000 | 08-01-53 | 56,456,969 | 54,703,071 | |
| 30 Yr Pass Thru | 5.000 | 08-01-53 | 51,321,774 | 49,743,445 | |
| 30 Yr Pass Thru | 5.500 | 11-01-39 | 1,841,488 | 1,873,471 | |
| 30 Yr Pass Thru | 5.500 | 09-01-52 | 41,095,133 | 40,781,976 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 4 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 5.500 | 11-01-52 | 43,433,806 | $43,034,962 | |
| 30 Yr Pass Thru | 5.500 | 06-01-53 | 39,585,838 | 39,247,071 | |
| 30 Yr Pass Thru | 5.500 | 07-01-53 | 45,698,905 | 45,307,823 | |
| 30 Yr Pass Thru | 5.500 | 08-01-53 | 14,382,015 | 14,187,027 | |
| 30 Yr Pass Thru | 5.500 | 09-01-53 | 30,556,428 | 30,294,933 | |
| 30 Yr Pass Thru | 5.500 | 09-01-53 | 44,061,253 | 43,684,186 | |
| 30 Yr Pass Thru | 5.500 | 12-01-53 | 15,857,106 | 15,668,877 | |
| Federal National Mortgage Association | |||||
| 15 Yr Pass Thru | 2.000 | 04-01-37 | 57,172,302 | 50,382,891 | |
| 15 Yr Pass Thru | 2.500 | 01-01-36 | 60,468,439 | 54,968,121 | |
| 15 Yr Pass Thru | 4.500 | 11-01-37 | 32,534,106 | 31,863,331 | |
| 15 Yr Pass Thru | 4.500 | 11-01-37 | 21,056,741 | 20,530,478 | |
| 15 Yr Pass Thru | 4.500 | 02-01-38 | 33,134,843 | 32,306,717 | |
| 30 Yr Pass Thru | 2.000 | 09-01-50 | 18,704,379 | 14,670,987 | |
| 30 Yr Pass Thru | 2.000 | 02-01-51 | 60,541,595 | 46,918,895 | |
| 30 Yr Pass Thru | 2.000 | 07-01-51 | 88,055,818 | 68,352,105 | |
| 30 Yr Pass Thru | 2.000 | 07-01-51 | 110,034,224 | 85,412,537 | |
| 30 Yr Pass Thru | 2.500 | 08-01-50 | 24,652,182 | 20,276,294 | |
| 30 Yr Pass Thru | 2.500 | 08-01-50 | 26,954,864 | 22,237,625 | |
| 30 Yr Pass Thru | 2.500 | 09-01-50 | 109,515,296 | 90,246,890 | |
| 30 Yr Pass Thru | 2.500 | 09-01-50 | 10,874,826 | 8,971,676 | |
| 30 Yr Pass Thru | 2.500 | 09-01-50 | 58,237,542 | 47,900,082 | |
| 30 Yr Pass Thru | 2.500 | 08-01-51 | 5,100,793 | 4,179,436 | |
| 30 Yr Pass Thru | 2.500 | 08-01-51 | 39,350,944 | 32,242,979 | |
| 30 Yr Pass Thru | 2.500 | 10-01-51 | 20,572,825 | 16,843,895 | |
| 30 Yr Pass Thru | 2.500 | 11-01-51 | 42,732,559 | 35,174,020 | |
| 30 Yr Pass Thru | 2.500 | 11-01-51 | 41,621,519 | 33,940,834 | |
| 30 Yr Pass Thru | 2.500 | 01-01-52 | 48,257,159 | 39,397,198 | |
| 30 Yr Pass Thru | 2.500 | 02-01-52 | 123,355,536 | 100,861,790 | |
| 30 Yr Pass Thru | 2.500 | 03-01-52 | 1,018,219 | 830,638 | |
| 30 Yr Pass Thru | 3.000 | 07-01-42 | 1,778,212 | 1,574,472 | |
| 30 Yr Pass Thru | 3.000 | 10-01-42 | 2,864,563 | 2,527,772 | |
| 30 Yr Pass Thru | 3.000 | 10-01-42 | 1,669,046 | 1,470,020 | |
| 30 Yr Pass Thru | 3.000 | 04-01-43 | 1,413,172 | 1,244,781 | |
| 30 Yr Pass Thru | 3.000 | 12-01-45 | 14,684,100 | 12,761,948 | |
| 30 Yr Pass Thru | 3.000 | 08-01-46 | 20,422,662 | 17,672,747 | |
| 30 Yr Pass Thru | 3.000 | 08-01-46 | 16,201,331 | 14,019,819 | |
| 30 Yr Pass Thru | 3.000 | 09-01-46 | 1,997,230 | 1,733,295 | |
| 30 Yr Pass Thru | 3.000 | 10-01-46 | 1,577,976 | 1,369,446 | |
| 30 Yr Pass Thru | 3.000 | 10-01-46 | 12,284,120 | 10,614,705 | |
| 30 Yr Pass Thru | 3.000 | 01-01-47 | 14,959,521 | 12,954,568 | |
| 30 Yr Pass Thru | 3.000 | 02-01-47 | 8,293,674 | 7,189,888 | |
| 30 Yr Pass Thru | 3.000 | 10-01-47 | 18,020,967 | 15,583,177 | |
| 30 Yr Pass Thru | 3.000 | 11-01-47 | 18,602,639 | 16,097,790 | |
| 5 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 3.000 | 11-01-48 | 33,226,764 | $28,628,173 | |
| 30 Yr Pass Thru | 3.000 | 11-01-48 | 11,405,447 | 9,898,215 | |
| 30 Yr Pass Thru | 3.000 | 09-01-49 | 15,459,640 | 13,247,556 | |
| 30 Yr Pass Thru | 3.000 | 09-01-49 | 29,017,042 | 24,493,279 | |
| 30 Yr Pass Thru | 3.000 | 10-01-49 | 6,719,135 | 5,728,313 | |
| 30 Yr Pass Thru | 3.000 | 10-01-49 | 28,319,206 | 24,329,025 | |
| 30 Yr Pass Thru | 3.000 | 11-01-49 | 20,178,907 | 16,995,176 | |
| 30 Yr Pass Thru | 3.000 | 11-01-49 | 19,096,962 | 16,370,389 | |
| 30 Yr Pass Thru | 3.000 | 11-01-49 | 14,889,143 | 12,754,037 | |
| 30 Yr Pass Thru | 3.000 | 11-01-49 | 16,191,847 | 13,804,153 | |
| 30 Yr Pass Thru | 3.000 | 12-01-49 | 17,980,800 | 15,402,350 | |
| 30 Yr Pass Thru | 3.000 | 01-01-50 | 15,591,553 | 13,345,977 | |
| 30 Yr Pass Thru | 3.000 | 12-01-51 | 40,330,712 | 34,189,345 | |
| 30 Yr Pass Thru | 3.000 | 01-01-52 | 37,084,962 | 31,598,932 | |
| 30 Yr Pass Thru | 3.000 | 02-01-52 | 15,983,082 | 13,576,227 | |
| 30 Yr Pass Thru | 3.000 | 02-01-52 | 33,865,806 | 28,755,449 | |
| 30 Yr Pass Thru | 3.000 | 02-01-52 | 50,313,793 | 42,406,971 | |
| 30 Yr Pass Thru | 3.500 | 11-01-40 | 830,423 | 759,543 | |
| 30 Yr Pass Thru | 3.500 | 06-01-42 | 892,324 | 811,992 | |
| 30 Yr Pass Thru | 3.500 | 08-01-42 | 1,851,665 | 1,686,866 | |
| 30 Yr Pass Thru | 3.500 | 06-01-43 | 7,973,796 | 7,240,869 | |
| 30 Yr Pass Thru | 3.500 | 07-01-43 | 2,516,159 | 2,282,534 | |
| 30 Yr Pass Thru | 3.500 | 07-01-43 | 2,494,123 | 2,264,027 | |
| 30 Yr Pass Thru | 3.500 | 01-01-45 | 1,731,930 | 1,562,686 | |
| 30 Yr Pass Thru | 3.500 | 04-01-45 | 5,326,256 | 4,792,458 | |
| 30 Yr Pass Thru | 3.500 | 04-01-45 | 1,349,385 | 1,214,149 | |
| 30 Yr Pass Thru | 3.500 | 04-01-45 | 6,245,902 | 5,619,936 | |
| 30 Yr Pass Thru | 3.500 | 01-01-46 | 14,801,459 | 13,331,931 | |
| 30 Yr Pass Thru | 3.500 | 02-01-46 | 9,974,350 | 8,940,432 | |
| 30 Yr Pass Thru | 3.500 | 07-01-46 | 6,564,885 | 5,867,972 | |
| 30 Yr Pass Thru | 3.500 | 07-01-46 | 3,505,883 | 3,142,471 | |
| 30 Yr Pass Thru | 3.500 | 08-01-46 | 15,655,387 | 14,052,155 | |
| 30 Yr Pass Thru | 3.500 | 02-01-47 | 18,082,271 | 16,230,507 | |
| 30 Yr Pass Thru | 3.500 | 03-01-47 | 21,001,282 | 18,863,715 | |
| 30 Yr Pass Thru | 3.500 | 05-01-47 | 12,639,355 | 11,364,737 | |
| 30 Yr Pass Thru | 3.500 | 07-01-47 | 24,223,533 | 21,757,997 | |
| 30 Yr Pass Thru | 3.500 | 08-01-47 | 16,450,629 | 14,796,803 | |
| 30 Yr Pass Thru | 3.500 | 11-01-47 | 19,955,124 | 17,886,621 | |
| 30 Yr Pass Thru | 3.500 | 12-01-47 | 9,877,787 | 8,847,705 | |
| 30 Yr Pass Thru | 3.500 | 01-01-48 | 15,007,191 | 13,442,200 | |
| 30 Yr Pass Thru | 3.500 | 03-01-48 | 3,867,397 | 3,472,554 | |
| 30 Yr Pass Thru | 3.500 | 03-01-48 | 8,549,064 | 7,609,456 | |
| 30 Yr Pass Thru | 3.500 | 03-01-49 | 2,529,504 | 2,265,720 | |
| 30 Yr Pass Thru | 3.500 | 06-01-49 | 15,788,528 | 14,097,653 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 6 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 3.500 | 06-01-49 | 47,781,207 | $42,619,274 | |
| 30 Yr Pass Thru | 3.500 | 09-01-49 | 4,700,888 | 4,172,472 | |
| 30 Yr Pass Thru | 3.500 | 12-01-49 | 20,071,789 | 17,809,293 | |
| 30 Yr Pass Thru | 3.500 | 02-01-50 | 22,821,881 | 20,242,262 | |
| 30 Yr Pass Thru | 3.500 | 09-01-50 | 46,640,169 | 41,397,455 | |
| 30 Yr Pass Thru | 3.500 | 02-01-52 | 22,255,583 | 19,830,388 | |
| 30 Yr Pass Thru | 3.500 | 02-01-52 | 33,985,770 | 29,793,788 | |
| 30 Yr Pass Thru | 3.500 | 03-01-52 | 22,164,647 | 19,596,979 | |
| 30 Yr Pass Thru | 3.500 | 04-01-52 | 30,157,333 | 26,635,479 | |
| 30 Yr Pass Thru | 3.500 | 04-01-52 | 20,783,085 | 18,375,465 | |
| 30 Yr Pass Thru | 3.500 | 04-01-52 | 34,276,892 | 30,177,540 | |
| 30 Yr Pass Thru | 3.500 | 04-01-52 | 44,920,351 | 39,744,619 | |
| 30 Yr Pass Thru | 3.500 | 08-01-52 | 67,893,915 | 59,768,826 | |
| 30 Yr Pass Thru | 4.000 | 09-01-40 | 2,253,195 | 2,120,884 | |
| 30 Yr Pass Thru | 4.000 | 09-01-40 | 3,041,001 | 2,864,223 | |
| 30 Yr Pass Thru | 4.000 | 11-01-40 | 1,091,757 | 1,028,171 | |
| 30 Yr Pass Thru | 4.000 | 12-01-40 | 1,339,258 | 1,260,548 | |
| 30 Yr Pass Thru | 4.000 | 01-01-41 | 2,039,264 | 1,918,491 | |
| 30 Yr Pass Thru | 4.000 | 09-01-41 | 2,720,009 | 2,554,883 | |
| 30 Yr Pass Thru | 4.000 | 09-01-41 | 1,171,052 | 1,100,842 | |
| 30 Yr Pass Thru | 4.000 | 10-01-41 | 898,087 | 843,358 | |
| 30 Yr Pass Thru | 4.000 | 01-01-42 | 1,317,912 | 1,238,219 | |
| 30 Yr Pass Thru | 4.000 | 05-01-42 | 1,786,332 | 1,675,811 | |
| 30 Yr Pass Thru | 4.000 | 09-01-43 | 3,497,869 | 3,271,201 | |
| 30 Yr Pass Thru | 4.000 | 10-01-43 | 3,511,343 | 3,282,545 | |
| 30 Yr Pass Thru | 4.000 | 10-01-43 | 1,341,425 | 1,253,534 | |
| 30 Yr Pass Thru | 4.000 | 01-01-44 | 2,690,494 | 2,514,961 | |
| 30 Yr Pass Thru | 4.000 | 12-01-45 | 6,646,944 | 6,177,701 | |
| 30 Yr Pass Thru | 4.000 | 02-01-46 | 3,361,107 | 3,113,325 | |
| 30 Yr Pass Thru | 4.000 | 04-01-46 | 4,005,625 | 3,707,826 | |
| 30 Yr Pass Thru | 4.000 | 06-01-46 | 2,544,948 | 2,355,743 | |
| 30 Yr Pass Thru | 4.000 | 07-01-46 | 4,466,265 | 4,134,219 | |
| 30 Yr Pass Thru | 4.000 | 10-01-46 | 1,538,004 | 1,422,219 | |
| 30 Yr Pass Thru | 4.000 | 01-01-47 | 6,010,415 | 5,601,134 | |
| 30 Yr Pass Thru | 4.000 | 03-01-47 | 6,665,403 | 6,169,861 | |
| 30 Yr Pass Thru | 4.000 | 04-01-47 | 7,425,007 | 6,917,078 | |
| 30 Yr Pass Thru | 4.000 | 11-01-47 | 1,733,184 | 1,605,413 | |
| 30 Yr Pass Thru | 4.000 | 12-01-47 | 4,722,446 | 4,374,306 | |
| 30 Yr Pass Thru | 4.000 | 12-01-47 | 2,512,183 | 2,317,564 | |
| 30 Yr Pass Thru | 4.000 | 09-01-48 | 2,232,044 | 2,063,312 | |
| 30 Yr Pass Thru | 4.000 | 10-01-48 | 6,286,289 | 5,809,111 | |
| 30 Yr Pass Thru | 4.000 | 10-01-48 | 8,281,980 | 7,655,901 | |
| 30 Yr Pass Thru | 4.000 | 01-01-49 | 5,327,354 | 4,899,659 | |
| 30 Yr Pass Thru | 4.000 | 01-01-49 | 4,216,685 | 3,864,980 | |
| 7 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 4.000 | 02-01-49 | 5,560,366 | $5,113,965 | |
| 30 Yr Pass Thru | 4.000 | 07-01-49 | 9,459,616 | 8,738,601 | |
| 30 Yr Pass Thru | 4.000 | 07-01-49 | 13,285,077 | 12,251,726 | |
| 30 Yr Pass Thru | 4.000 | 08-01-49 | 27,061,686 | 24,999,036 | |
| 30 Yr Pass Thru | 4.000 | 02-01-50 | 21,832,754 | 20,052,668 | |
| 30 Yr Pass Thru | 4.000 | 03-01-51 | 85,676,279 | 78,851,495 | |
| 30 Yr Pass Thru | 4.000 | 08-01-51 | 48,061,521 | 44,323,162 | |
| 30 Yr Pass Thru | 4.000 | 10-01-51 | 163,619,792 | 150,279,412 | |
| 30 Yr Pass Thru | 4.000 | 04-01-52 | 8,995,134 | 8,239,248 | |
| 30 Yr Pass Thru | 4.000 | 05-01-52 | 44,937,012 | 40,848,377 | |
| 30 Yr Pass Thru | 4.000 | 05-01-52 | 93,316,602 | 84,942,753 | |
| 30 Yr Pass Thru | 4.000 | 06-01-52 | 2,619,043 | 2,406,324 | |
| 30 Yr Pass Thru | 4.000 | 06-01-52 | 48,015,009 | 44,141,475 | |
| 30 Yr Pass Thru | 4.000 | 06-01-52 | 32,061,954 | 29,144,769 | |
| 30 Yr Pass Thru | 4.000 | 07-01-52 | 35,431,952 | 32,440,666 | |
| 30 Yr Pass Thru | 4.000 | 07-01-52 | 37,165,941 | 33,923,737 | |
| 30 Yr Pass Thru | 4.000 | 07-01-52 | 29,240,251 | 26,689,451 | |
| 30 Yr Pass Thru | 4.000 | 07-01-52 | 20,910,940 | 19,021,409 | |
| 30 Yr Pass Thru | 4.500 | 05-01-52 | 32,465,435 | 30,689,683 | |
| 30 Yr Pass Thru | 4.500 | 06-01-52 | 37,666,869 | 35,559,532 | |
| 30 Yr Pass Thru | 4.500 | 06-01-52 | 87,394,226 | 82,477,496 | |
| 30 Yr Pass Thru | 4.500 | 07-01-52 | 72,564,394 | 68,481,979 | |
| 30 Yr Pass Thru | 4.500 | 07-01-52 | 49,090,762 | 46,513,045 | |
| 30 Yr Pass Thru | 4.500 | 07-01-52 | 61,435,401 | 57,979,094 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 43,626,153 | 40,899,117 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 9,965,483 | 9,414,176 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 71,768,026 | 67,281,864 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 60,603,730 | 56,815,439 | |
| 30 Yr Pass Thru | 4.500 | 08-01-52 | 42,114,069 | 39,481,552 | |
| 30 Yr Pass Thru | 4.500 | 09-01-52 | 59,306,285 | 56,173,627 | |
| 30 Yr Pass Thru | 4.500 | 09-01-52 | 161,148,512 | 151,075,247 | |
| 30 Yr Pass Thru | 4.500 | 09-01-52 | 48,037,330 | 45,319,777 | |
| 30 Yr Pass Thru | 4.500 | 09-01-52 | 22,133,222 | 20,881,108 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 15,292,050 | 14,484,297 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 16,440,653 | 15,510,578 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 29,373,673 | 27,711,954 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 9,070,426 | 8,557,296 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 37,926,906 | 35,781,316 | |
| 30 Yr Pass Thru | 4.500 | 10-01-52 | 27,144,661 | 25,642,972 | |
| 30 Yr Pass Thru | 4.500 | 11-01-52 | 30,189,422 | 28,481,555 | |
| 30 Yr Pass Thru | 4.500 | 11-01-52 | 7,477,067 | 7,062,839 | |
| 30 Yr Pass Thru | 4.500 | 11-01-52 | 14,011,570 | 13,218,912 | |
| 30 Yr Pass Thru | 4.500 | 11-01-52 | 18,357,117 | 17,318,623 | |
| 30 Yr Pass Thru | 4.500 | 12-01-52 | 40,119,874 | 37,850,225 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 8 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 4.500 | 02-01-53 | 32,765,751 | $30,987,907 | |
| 30 Yr Pass Thru | 4.500 | 03-01-53 | 14,977,180 | 14,124,045 | |
| 30 Yr Pass Thru | 4.500 | 03-01-53 | 33,105,279 | 31,209,181 | |
| 30 Yr Pass Thru | 4.500 | 05-01-53 | 19,288,926 | 18,220,323 | |
| 30 Yr Pass Thru | 4.500 | 06-01-53 | 19,711,814 | 18,552,024 | |
| 30 Yr Pass Thru | 4.500 | 08-01-53 | 32,576,447 | 30,667,373 | |
| 30 Yr Pass Thru | 5.000 | 06-01-52 | 24,880,559 | 23,983,214 | |
| 30 Yr Pass Thru | 5.000 | 07-01-52 | 63,159,837 | 60,980,595 | |
| 30 Yr Pass Thru | 5.000 | 07-01-52 | 42,323,346 | 40,796,908 | |
| 30 Yr Pass Thru | 5.000 | 07-01-52 | 12,787,349 | 12,422,065 | |
| 30 Yr Pass Thru | 5.000 | 08-01-52 | 27,576,431 | 26,700,780 | |
| 30 Yr Pass Thru | 5.000 | 09-01-52 | 95,942,727 | 92,632,357 | |
| 30 Yr Pass Thru | 5.000 | 10-01-52 | 41,777,922 | 40,480,045 | |
| 30 Yr Pass Thru | 5.000 | 10-01-52 | 41,568,116 | 40,055,926 | |
| 30 Yr Pass Thru | 5.000 | 10-01-52 | 113,381,198 | 109,256,549 | |
| 30 Yr Pass Thru | 5.000 | 11-01-52 | 38,489,614 | 37,378,088 | |
| 30 Yr Pass Thru | 5.000 | 12-01-52 | 37,248,723 | 36,091,550 | |
| 30 Yr Pass Thru | 5.000 | 01-01-53 | 7,693,913 | 7,474,127 | |
| 30 Yr Pass Thru | 5.000 | 01-01-53 | 31,846,259 | 30,926,584 | |
| 30 Yr Pass Thru | 5.000 | 01-01-53 | 77,277,710 | 74,466,455 | |
| 30 Yr Pass Thru | 5.000 | 04-01-53 | 8,875,638 | 8,594,359 | |
| 30 Yr Pass Thru | 5.000 | 04-01-53 | 33,303,072 | 32,247,661 | |
| 30 Yr Pass Thru | 5.000 | 04-01-53 | 9,136,525 | 8,861,254 | |
| 30 Yr Pass Thru | 5.000 | 05-01-53 | 75,105,958 | 72,796,179 | |
| 30 Yr Pass Thru | 5.000 | 05-01-53 | 33,125,585 | 32,114,619 | |
| 30 Yr Pass Thru | 5.000 | 05-01-53 | 54,612,490 | 53,001,225 | |
| 30 Yr Pass Thru | 5.000 | 07-01-53 | 87,540,736 | 84,821,187 | |
| 30 Yr Pass Thru | 5.500 | 10-01-52 | 44,030,815 | 43,626,489 | |
| 30 Yr Pass Thru | 5.500 | 12-01-52 | 37,080,968 | 36,775,225 | |
| 30 Yr Pass Thru | 5.500 | 12-01-52 | 68,138,565 | 67,576,742 | |
| 30 Yr Pass Thru | 5.500 | 12-01-52 | 1,921,591 | 1,905,747 | |
| 30 Yr Pass Thru | 5.500 | 12-01-52 | 25,891,476 | 25,758,904 | |
| 30 Yr Pass Thru | 5.500 | 12-01-52 | 26,035,151 | 25,820,483 | |
| 30 Yr Pass Thru | 5.500 | 04-01-53 | 26,565,112 | 26,163,440 | |
| 30 Yr Pass Thru | 5.500 | 05-01-53 | 15,822,886 | 15,677,588 | |
| 30 Yr Pass Thru | 5.500 | 07-01-53 | 14,200,420 | 14,046,057 | |
| 30 Yr Pass Thru | 5.500 | 02-01-54 | 30,100,677 | 29,833,675 | |
| 30 Yr Pass Thru | 5.500 | 03-01-54 | 26,712,217 | 26,433,534 | |
| 30 Yr Pass Thru | 5.500 | 05-01-54 | 37,922,985 | 37,420,684 | |
| 30 Yr Pass Thru (6 month Refinitiv USD IBOR Consumer Cash Fallback Rate + 2.122%) (A) | 6.372 | 07-01-33 | 200 | 204 | |
| 30 Yr Pass Thru | 7.000 | 09-01-31 | 88 | 91 | |
| 30 Yr Pass Thru | 7.000 | 09-01-31 | 27 | 28 | |
| 9 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| 30 Yr Pass Thru | 7.000 | 09-01-31 | 844 | $876 | |
| 30 Yr Pass Thru | 7.000 | 01-01-32 | 39 | 41 | |
| 30 Yr Pass Thru | 7.000 | 06-01-32 | 9 | 9 | |
| 30 Yr Pass Thru | 7.500 | 09-01-29 | 21 | 21 | |
| 30 Yr Pass Thru | 7.500 | 12-01-29 | 21 | 22 | |
| 30 Yr Pass Thru | 7.500 | 01-01-31 | 10 | 11 | |
| 30 Yr Pass Thru | 7.500 | 05-01-31 | 77 | 81 | |
| Government National Mortgage Association | |||||
| 30 Yr Pass Thru | 5.000 | 04-15-35 | 1,234 | 1,222 | |
| 30 Yr Pass Thru | 5.000 | 04-15-35 | 427 | 422 | |
| 30 Yr Pass Thru | 5.500 | 03-15-35 | 812 | 823 | |
| 30 Yr Pass Thru | 6.000 | 03-15-33 | 1,155 | 1,178 | |
| 30 Yr Pass Thru | 6.000 | 06-15-33 | 325 | 331 | |
| 30 Yr Pass Thru | 6.500 | 09-15-28 | 41 | 41 | |
| 30 Yr Pass Thru | 6.500 | 09-15-29 | 48 | 49 | |
| 30 Yr Pass Thru | 6.500 | 08-15-31 | 75 | 77 | |
| 30 Yr Pass Thru | 7.000 | 04-15-29 | 277 | 282 | |
| 30 Yr Pass Thru | 8.000 | 10-15-26 | 110 | 111 | |
| Corporate bonds 36.9% | $8,995,154,890 | ||||
| (Cost $9,433,638,453) | |||||
| Communication services 2.5% | 619,739,614 | ||||
| Diversified telecommunication services 0.4% | |||||
| C&W Senior Finance, Ltd. (B) | 6.875 | 09-15-27 | 18,569,000 | 17,704,799 | |
| Connect Finco SARL (B) | 6.750 | 10-01-26 | 23,257,000 | 21,959,518 | |
| GCI LLC (B) | 4.750 | 10-15-28 | 20,165,000 | 18,307,397 | |
| Telesat Canada (B)(C) | 5.625 | 12-06-26 | 6,004,000 | 2,739,059 | |
| Total Play Telecomunicaciones SA de CV (B) | 6.375 | 09-20-28 | 17,696,000 | 9,237,418 | |
| Verizon Communications, Inc. | 2.550 | 03-21-31 | 29,102,000 | 24,536,456 | |
| Entertainment 0.6% | |||||
| Netflix, Inc. | 4.875 | 04-15-28 | 51,061,000 | 50,615,114 | |
| Netflix, Inc. (B) | 5.375 | 11-15-29 | 6,259,000 | 6,300,783 | |
| Netflix, Inc. | 5.875 | 11-15-28 | 14,215,000 | 14,623,722 | |
| WarnerMedia Holdings, Inc. | 4.279 | 03-15-32 | 91,996,000 | 80,515,609 | |
| WMG Acquisition Corp. (B) | 3.875 | 07-15-30 | 10,075,000 | 8,905,304 | |
| Interactive media and services 0.1% | |||||
| Match Group Holdings II LLC (B) | 3.625 | 10-01-31 | 6,033,000 | 5,024,872 | |
| Match Group Holdings II LLC (B) | 4.125 | 08-01-30 | 14,217,000 | 12,359,747 | |
| Media 0.7% | |||||
| Charter Communications Operating LLC | 4.200 | 03-15-28 | 41,395,000 | 38,935,110 | |
| Charter Communications Operating LLC | 6.384 | 10-23-35 | 33,305,000 | 32,505,196 | |
| Globo Comunicacao e Participacoes SA (B) | 4.875 | 01-22-30 | 11,551,000 | 10,197,707 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 10 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Communication services (continued) | |||||
| Media (continued) | |||||
| LCPR Senior Secured Financing DAC (B) | 5.125 | 07-15-29 | 8,424,000 | $7,071,648 | |
| News Corp. (B) | 3.875 | 05-15-29 | 16,548,000 | 15,015,704 | |
| Paramount Global (C) | 4.200 | 05-19-32 | 7,750,000 | 6,453,041 | |
| Paramount Global | 4.375 | 03-15-43 | 15,893,000 | 10,897,468 | |
| Paramount Global | 4.950 | 05-19-50 | 32,321,000 | 23,330,050 | |
| Sirius XM Radio, Inc. (B) | 4.000 | 07-15-28 | 15,524,000 | 13,896,500 | |
| Sirius XM Radio, Inc. (B) | 5.000 | 08-01-27 | 26,970,000 | 25,612,794 | |
| Wireless telecommunication services 0.7% | |||||
| Iliad Holding SAS (B) | 8.500 | 04-15-31 | 7,296,000 | 7,385,096 | |
| Millicom International Cellular SA (B) | 6.250 | 03-25-29 | 15,327,000 | 14,872,787 | |
| Millicom International Cellular SA (B)(C) | 7.375 | 04-02-32 | 8,429,000 | 8,290,644 | |
| T-Mobile USA, Inc. | 3.375 | 04-15-29 | 23,700,000 | 21,690,145 | |
| T-Mobile USA, Inc. | 3.875 | 04-15-30 | 80,558,000 | 74,874,973 | |
| Vodafone Group PLC | 5.625 | 02-10-53 | 15,473,000 | 14,926,619 | |
| Vodafone Group PLC (7.000% to 4-4-29, then 5 Year U.S. Swap Rate + 4.873% to 4-4-49, then 5 Year U.S. Swap Rate + 5.623%) | 7.000 | 04-04-79 | 20,338,000 | 20,954,334 | |
| Consumer discretionary 3.7% | 894,810,806 | ||||
| Automobile components 0.0% | |||||
| Dealer Tire LLC (B) | 8.000 | 02-01-28 | 9,208,000 | 8,958,764 | |
| Automobiles 1.7% | |||||
| Ford Motor Company | 3.250 | 02-12-32 | 16,767,000 | 13,781,091 | |
| Ford Motor Company | 6.100 | 08-19-32 | 24,584,000 | 24,516,564 | |
| Ford Motor Credit Company LLC | 4.000 | 11-13-30 | 43,430,000 | 38,496,556 | |
| Ford Motor Credit Company LLC | 5.113 | 05-03-29 | 38,435,000 | 37,019,174 | |
| Ford Motor Credit Company LLC | 5.800 | 03-08-29 | 30,328,000 | 30,149,405 | |
| Ford Motor Credit Company LLC | 6.125 | 03-08-34 | 21,305,000 | 21,038,541 | |
| Ford Motor Credit Company LLC | 6.800 | 05-12-28 | 67,328,000 | 69,244,537 | |
| General Motors Company | 5.400 | 04-01-48 | 11,353,000 | 10,128,263 | |
| General Motors Financial Company, Inc. | 2.400 | 10-15-28 | 56,908,000 | 50,035,075 | |
| General Motors Financial Company, Inc. | 3.600 | 06-21-30 | 71,040,000 | 63,475,848 | |
| Hyundai Capital America (B) | 2.375 | 10-15-27 | 11,097,000 | 10,042,600 | |
| Hyundai Capital America (B) | 5.300 | 01-08-29 | 11,073,000 | 10,980,232 | |
| Hyundai Capital America (B) | 5.680 | 06-26-28 | 23,739,000 | 23,864,289 | |
| Broadline retail 0.2% | |||||
| Kohl’s Corp. | 4.625 | 05-01-31 | 13,509,000 | 10,894,063 | |
| Macy’s Retail Holdings LLC (B)(C) | 5.875 | 04-01-29 | 10,521,000 | 10,130,720 | |
| Macy’s Retail Holdings LLC (B) | 5.875 | 03-15-30 | 9,534,000 | 9,088,392 | |
| Macy’s Retail Holdings LLC (B) | 6.125 | 03-15-32 | 16,259,000 | 15,468,960 | |
| Diversified consumer services 0.1% | |||||
| GEMS MENASA Cayman, Ltd. (B) | 7.125 | 07-31-26 | 9,267,000 | 9,223,744 | |
| 11 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Consumer discretionary (continued) | |||||
| Diversified consumer services (continued) | |||||
| Sotheby’s (B) | 7.375 | 10-15-27 | 8,868,000 | $7,719,126 | |
| Hotels, restaurants and leisure 0.9% | |||||
| Booking Holdings, Inc. | 4.625 | 04-13-30 | 25,498,000 | 24,889,332 | |
| Caesars Entertainment, Inc. (B) | 6.500 | 02-15-32 | 10,003,000 | 9,891,487 | |
| Flutter Treasury Designated Activity Company (B) | 6.375 | 04-29-29 | 8,277,000 | 8,319,287 | |
| Full House Resorts, Inc. (B) | 8.250 | 02-15-28 | 9,518,000 | 8,989,911 | |
| Hilton Grand Vacations Borrower Escrow LLC (B) | 5.000 | 06-01-29 | 20,071,000 | 18,536,084 | |
| Hilton Grand Vacations Borrower Escrow LLC (B) | 6.625 | 01-15-32 | 19,300,000 | 19,200,252 | |
| Jacobs Entertainment, Inc. (B) | 6.750 | 02-15-29 | 7,367,000 | 6,869,728 | |
| MGM Resorts International | 4.750 | 10-15-28 | 32,237,000 | 30,143,233 | |
| Midwest Gaming Borrower LLC (B) | 4.875 | 05-01-29 | 21,467,000 | 19,847,967 | |
| Mohegan Tribal Gaming Authority (B) | 8.000 | 02-01-26 | 15,340,000 | 14,413,157 | |
| Resorts World Las Vegas LLC (B) | 4.625 | 04-16-29 | 19,680,000 | 17,678,151 | |
| Resorts World Las Vegas LLC (B) | 4.625 | 04-06-31 | 10,700,000 | 9,239,177 | |
| Resorts World Las Vegas LLC (B) | 8.450 | 07-27-30 | 15,200,000 | 16,104,271 | |
| Royal Caribbean Cruises, Ltd. (B) | 6.250 | 03-15-32 | 5,149,000 | 5,125,530 | |
| Travel + Leisure Company (B) | 4.625 | 03-01-30 | 8,912,000 | 8,087,976 | |
| Household durables 0.2% | |||||
| Brookfield Residential Properties, Inc. (B) | 5.000 | 06-15-29 | 9,774,000 | 8,781,010 | |
| Century Communities, Inc. (B) | 3.875 | 08-15-29 | 14,425,000 | 12,803,098 | |
| KB Home | 4.000 | 06-15-31 | 16,083,000 | 14,209,458 | |
| Leisure products 0.0% | |||||
| Brunswick Corp. | 5.850 | 03-18-29 | 9,981,000 | 9,965,484 | |
| Specialty retail 0.5% | |||||
| Amer Sports Company (B) | 6.750 | 02-16-31 | 5,173,000 | 5,153,786 | |
| Asbury Automotive Group, Inc. (B) | 4.625 | 11-15-29 | 6,148,000 | 5,656,265 | |
| Asbury Automotive Group, Inc. | 4.750 | 03-01-30 | 17,166,000 | 15,742,463 | |
| AutoNation, Inc. | 4.750 | 06-01-30 | 22,348,000 | 21,270,745 | |
| Group 1 Automotive, Inc. (B) | 4.000 | 08-15-28 | 11,273,000 | 10,291,344 | |
| Lithia Motors, Inc. (B) | 3.875 | 06-01-29 | 7,350,000 | 6,546,406 | |
| Lithia Motors, Inc. (B) | 4.375 | 01-15-31 | 7,940,000 | 6,995,590 | |
| Lithia Motors, Inc. (B) | 4.625 | 12-15-27 | 6,075,000 | 5,776,087 | |
| The Michaels Companies, Inc. (B) | 5.250 | 05-01-28 | 25,058,000 | 20,325,030 | |
| The Michaels Companies, Inc. (B) | 7.875 | 05-01-29 | 20,790,000 | 14,139,174 | |
| Valvoline, Inc. (B) | 3.625 | 06-15-31 | 17,994,000 | 15,180,451 | |
| Velocity Vehicle Group LLC (B) | 8.000 | 06-01-29 | 5,180,000 | 5,264,175 | |
| Textiles, apparel and luxury goods 0.1% | |||||
| Tapestry, Inc. | 7.700 | 11-27-30 | 13,302,000 | 13,898,593 | |
| Tapestry, Inc. | 7.850 | 11-27-33 | 10,644,000 | 11,220,160 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 12 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Consumer staples 0.8% | $182,377,277 | ||||
| Food products 0.8% | |||||
| Coruripe Netherlands BV (B) | 10.000 | 02-10-27 | 13,476,000 | 11,964,335 | |
| Fiesta Purchaser, Inc. (B) | 7.875 | 03-01-31 | 3,420,000 | 3,513,985 | |
| JBS USA LUX SA | 3.625 | 01-15-32 | 19,369,000 | 16,607,657 | |
| JBS USA LUX SA | 3.750 | 12-01-31 | 5,689,000 | 4,924,168 | |
| JBS USA LUX SA | 5.750 | 04-01-33 | 32,421,000 | 31,950,562 | |
| Kraft Heinz Foods Company | 4.375 | 06-01-46 | 46,450,000 | 38,075,597 | |
| Kraft Heinz Foods Company | 5.000 | 06-04-42 | 12,796,000 | 11,638,175 | |
| MARB BondCo PLC (B) | 3.950 | 01-29-31 | 30,501,000 | 24,826,698 | |
| NBM US Holdings, Inc. (B) | 6.625 | 08-06-29 | 23,063,000 | 22,708,372 | |
| Pilgrim’s Pride Corp. | 6.250 | 07-01-33 | 16,000,000 | 16,167,728 | |
| Energy 5.5% | 1,341,633,135 | ||||
| Oil, gas and consumable fuels 5.5% | |||||
| Aker BP ASA (B) | 3.100 | 07-15-31 | 11,536,000 | 9,767,631 | |
| Aker BP ASA (B) | 3.750 | 01-15-30 | 7,320,000 | 6,703,479 | |
| Aker BP ASA (B) | 4.000 | 01-15-31 | 12,986,000 | 11,735,866 | |
| Antero Midstream Partners LP (B) | 5.375 | 06-15-29 | 18,688,000 | 17,910,917 | |
| Antero Midstream Partners LP (B) | 6.625 | 02-01-32 | 14,499,000 | 14,517,776 | |
| Antero Resources Corp. (B) | 5.375 | 03-01-30 | 5,906,000 | 5,652,456 | |
| Ascent Resources Utica Holdings LLC (B) | 5.875 | 06-30-29 | 21,017,000 | 20,196,681 | |
| Blue Racer Midstream LLC (B) | 7.000 | 07-15-29 | 4,612,000 | 4,660,351 | |
| Blue Racer Midstream LLC (B) | 7.250 | 07-15-32 | 2,230,000 | 2,272,054 | |
| Cheniere Energy Partners LP | 4.000 | 03-01-31 | 34,237,000 | 30,856,267 | |
| Cheniere Energy Partners LP | 4.500 | 10-01-29 | 25,561,000 | 24,291,230 | |
| Cheniere Energy Partners LP | 5.950 | 06-30-33 | 5,223,000 | 5,269,177 | |
| Cheniere Energy, Inc. (B) | 5.650 | 04-15-34 | 11,196,000 | 11,102,195 | |
| Civitas Resources, Inc. (B) | 8.625 | 11-01-30 | 10,893,000 | 11,652,046 | |
| Columbia Pipelines Holding Company LLC (B) | 5.681 | 01-15-34 | 17,665,000 | 17,323,506 | |
| Columbia Pipelines Operating Company LLC (B) | 5.927 | 08-15-30 | 8,524,000 | 8,649,367 | |
| Columbia Pipelines Operating Company LLC (B) | 6.036 | 11-15-33 | 29,417,000 | 29,984,542 | |
| Continental Resources, Inc. (B) | 2.875 | 04-01-32 | 16,445,000 | 13,327,035 | |
| Continental Resources, Inc. | 4.900 | 06-01-44 | 15,779,000 | 13,041,593 | |
| Continental Resources, Inc. (B) | 5.750 | 01-15-31 | 30,610,000 | 30,158,305 | |
| Diamondback Energy, Inc. | 5.750 | 04-18-54 | 25,648,000 | 24,725,820 | |
| Enbridge, Inc. (5.500% to 7-15-27, then 3 month CME Term SOFR + 3.680% to 7-15-47, then 3 month CME Term SOFR + 4.430%) | 5.500 | 07-15-77 | 22,814,000 | 21,454,648 | |
| Enbridge, Inc. (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%) | 5.750 | 07-15-80 | 29,961,000 | 27,920,920 | |
| 13 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Energy (continued) | |||||
| Oil, gas and consumable fuels (continued) | |||||
| Enbridge, Inc. (6.250% to 3-1-28, then 3 month CME Term SOFR + 3.903% to 3-1-48, then 3 month CME Term SOFR + 4.653%) | 6.250 | 03-01-78 | 22,368,000 | $21,328,857 | |
| Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) | 8.500 | 01-15-84 | 14,031,000 | 15,079,144 | |
| Energean Israel Finance, Ltd. (B) | 5.375 | 03-30-28 | 6,461,000 | 5,826,594 | |
| Energean Israel Finance, Ltd. (B) | 5.875 | 03-30-31 | 11,574,000 | 10,063,084 | |
| Energy Transfer LP | 5.150 | 03-15-45 | 26,413,000 | 23,259,203 | |
| Energy Transfer LP | 5.250 | 04-15-29 | 24,975,000 | 24,830,378 | |
| Energy Transfer LP | 5.400 | 10-01-47 | 27,635,000 | 24,814,417 | |
| Energy Transfer LP | 5.500 | 06-01-27 | 23,796,000 | 23,829,381 | |
| Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (D) | 6.500 | 11-15-26 | 47,417,000 | 46,447,005 | |
| Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (D) | 7.125 | 05-15-30 | 36,660,000 | 35,871,755 | |
| Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%) | 5.250 | 08-16-77 | 43,524,000 | 41,574,033 | |
| EQM Midstream Partners LP (B) | 6.375 | 04-01-29 | 7,204,000 | 7,190,729 | |
| EQM Midstream Partners LP (B) | 7.500 | 06-01-27 | 2,859,000 | 2,921,003 | |
| EQM Midstream Partners LP (B) | 7.500 | 06-01-30 | 1,610,000 | 1,700,329 | |
| Global Partners LP (B) | 8.250 | 01-15-32 | 5,116,000 | 5,263,505 | |
| Hess Midstream Operations LP (B) | 4.250 | 02-15-30 | 5,230,000 | 4,753,720 | |
| Hess Midstream Operations LP (B) | 5.500 | 10-15-30 | 2,295,000 | 2,202,687 | |
| Hess Midstream Operations LP (B) | 6.500 | 06-01-29 | 4,730,000 | 4,782,976 | |
| Kinder Morgan Energy Partners LP | 7.750 | 03-15-32 | 13,230,000 | 14,822,990 | |
| Leviathan Bond, Ltd. (B) | 6.500 | 06-30-27 | 29,476,000 | 28,001,905 | |
| Leviathan Bond, Ltd. (B) | 6.750 | 06-30-30 | 4,949,000 | 4,497,404 | |
| MC Brazil Downstream Trading SARL (B) | 7.250 | 06-30-31 | 20,991,078 | 18,890,354 | |
| MPLX LP | 4.250 | 12-01-27 | 15,703,000 | 15,176,700 | |
| MPLX LP | 4.950 | 09-01-32 | 13,328,000 | 12,684,660 | |
| MPLX LP | 5.000 | 03-01-33 | 13,867,000 | 13,176,285 | |
| Occidental Petroleum Corp. | 6.450 | 09-15-36 | 27,598,000 | 28,747,165 | |
| Occidental Petroleum Corp. | 6.600 | 03-15-46 | 11,175,000 | 11,690,514 | |
| Occidental Petroleum Corp. | 6.625 | 09-01-30 | 29,198,000 | 30,501,691 | |
| ONEOK, Inc. | 5.650 | 11-01-28 | 10,730,000 | 10,846,324 | |
| ONEOK, Inc. | 6.050 | 09-01-33 | 25,316,000 | 25,914,579 | |
| ONEOK, Inc. | 6.625 | 09-01-53 | 25,699,000 | 27,482,021 | |
| Ovintiv, Inc. | 5.650 | 05-15-28 | 10,445,000 | 10,547,169 | |
| Ovintiv, Inc. | 6.250 | 07-15-33 | 8,168,000 | 8,385,630 | |
| Ovintiv, Inc. | 7.200 | 11-01-31 | 3,846,000 | 4,139,811 | |
| Parkland Corp. (B) | 4.500 | 10-01-29 | 12,267,000 | 11,158,347 | |
| Parkland Corp. (B) | 4.625 | 05-01-30 | 13,739,000 | 12,487,596 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 14 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Energy (continued) | |||||
| Oil, gas and consumable fuels (continued) | |||||
| Petroleos Mexicanos | 7.690 | 01-23-50 | 47,139,000 | $34,337,009 | |
| Petroleos Mexicanos | 8.750 | 06-02-29 | 12,037,000 | 11,816,645 | |
| Sabine Pass Liquefaction LLC | 4.200 | 03-15-28 | 13,496,000 | 13,003,883 | |
| Sabine Pass Liquefaction LLC | 4.500 | 05-15-30 | 40,088,000 | 38,290,047 | |
| Sabine Pass Liquefaction LLC | 5.000 | 03-15-27 | 12,815,000 | 12,708,120 | |
| Southwestern Energy Company | 4.750 | 02-01-32 | 9,175,000 | 8,316,230 | |
| Sunoco LP | 4.500 | 04-30-30 | 18,893,000 | 17,052,897 | |
| Sunoco LP (B) | 7.000 | 05-01-29 | 14,511,000 | 14,817,339 | |
| Sunoco LP (B) | 7.250 | 05-01-32 | 14,511,000 | 14,856,130 | |
| Talos Production, Inc. (B) | 9.000 | 02-01-29 | 2,236,000 | 2,345,736 | |
| Talos Production, Inc. (B) | 9.375 | 02-01-31 | 2,795,000 | 2,958,073 | |
| Targa Resources Corp. | 4.950 | 04-15-52 | 30,292,000 | 25,763,767 | |
| Targa Resources Corp. | 6.150 | 03-01-29 | 21,618,000 | 22,266,462 | |
| Targa Resources Partners LP | 4.000 | 01-15-32 | 24,529,000 | 21,925,276 | |
| The Williams Companies, Inc. | 3.750 | 06-15-27 | 9,194,000 | 8,789,339 | |
| The Williams Companies, Inc. | 4.650 | 08-15-32 | 11,178,000 | 10,592,379 | |
| Var Energi ASA (B) | 7.500 | 01-15-28 | 4,540,000 | 4,764,639 | |
| Var Energi ASA (B) | 8.000 | 11-15-32 | 46,099,000 | 51,515,172 | |
| Venture Global Calcasieu Pass LLC (B) | 3.875 | 08-15-29 | 6,471,000 | 5,827,818 | |
| Venture Global Calcasieu Pass LLC (B) | 4.125 | 08-15-31 | 11,717,000 | 10,348,099 | |
| Venture Global LNG, Inc. (B) | 9.500 | 02-01-29 | 22,830,000 | 24,759,614 | |
| Vital Energy, Inc. (B) | 7.875 | 04-15-32 | 9,989,000 | 10,142,391 | |
| Western Midstream Operating LP | 4.050 | 02-01-30 | 22,009,000 | 20,372,263 | |
| Financials 10.4% | 2,536,344,158 | ||||
| Banks 6.5% | |||||
| Banco Santander SA | 4.379 | 04-12-28 | 26,204,000 | 25,119,552 | |
| Bank of America Corp. (2.087% to 6-14-28, then Overnight SOFR + 1.060%) | 2.087 | 06-14-29 | 36,771,000 | 32,435,907 | |
| Bank of America Corp. (2.592% to 4-29-30, then Overnight SOFR + 2.150%) | 2.592 | 04-29-31 | 41,379,000 | 35,492,473 | |
| Bank of America Corp. (2.687% to 4-22-31, then Overnight SOFR + 1.320%) | 2.687 | 04-22-32 | 69,628,000 | 58,517,672 | |
| Bank of America Corp. (3.846% to 3-8-32, then 5 Year CMT + 2.000%) | 3.846 | 03-08-37 | 33,636,000 | 29,513,850 | |
| Bank of America Corp. (3.970% to 3-5-28, then 3 month CME Term SOFR + 1.332%) | 3.970 | 03-05-29 | 29,566,000 | 28,157,130 | |
| Bank of America Corp. (6.300% to 3-10-26, then 3 month CME Term SOFR + 4.815%) (C)(D) | 6.300 | 03-10-26 | 39,252,000 | 39,423,649 | |
| Bank of Montreal (7.700% to 5-26-29, then 5 Year CMT + 3.452%) | 7.700 | 05-26-84 | 34,262,000 | 34,651,182 | |
| 15 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Financials (continued) | |||||
| Banks (continued) | |||||
| Barclays PLC (4.375% to 9-15-28, then 5 Year CMT + 3.410%) (D) | 4.375 | 03-15-28 | 25,947,000 | $21,674,772 | |
| Barclays PLC (8.000% to 9-15-29, then 5 Year CMT + 5.431%) (D) | 8.000 | 03-15-29 | 12,353,000 | 12,332,933 | |
| BNP Paribas SA (5.497% to 5-20-29, then Overnight SOFR + 1.590%) (B) | 5.497 | 05-20-30 | 20,645,000 | 20,555,925 | |
| BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (B)(C)(D) | 9.250 | 11-17-27 | 9,969,000 | 10,648,816 | |
| BPCE SA (5.716% to 1-18-29, then 1 Year CMT + 1.959%) (B) | 5.716 | 01-18-30 | 19,504,000 | 19,493,128 | |
| Citigroup, Inc. (4.700% to 1-30-25, then Overnight SOFR + 3.234%) (D) | 4.700 | 01-30-25 | 32,540,000 | 31,846,374 | |
| Citigroup, Inc. (5.174% to 2-13-29, then Overnight SOFR + 1.364%) | 5.174 | 02-13-30 | 15,912,000 | 15,756,750 | |
| Citigroup, Inc. (6.174% to 5-25-33, then Overnight SOFR + 2.661%) | 6.174 | 05-25-34 | 30,783,000 | 31,261,984 | |
| Citigroup, Inc. (6.250% to 8-15-26, then 3 month CME Term SOFR + 4.779%) (C)(D) | 6.250 | 08-15-26 | 28,204,000 | 28,165,126 | |
| Citizens Financial Group, Inc. | 3.250 | 04-30-30 | 24,536,000 | 21,429,249 | |
| Comerica, Inc. (5.982% to 1-30-29, then Overnight SOFR + 2.155%) | 5.982 | 01-30-30 | 15,283,000 | 15,064,835 | |
| Credit Agricole SA (B) | 3.250 | 01-14-30 | 46,789,000 | 41,342,914 | |
| Credit Agricole SA (6.316% to 10-3-28, then Overnight SOFR + 1.860%) (B) | 6.316 | 10-03-29 | 29,769,000 | 30,686,811 | |
| Fifth Third Bancorp (3 month CME Term SOFR + 3.295%) (A)(D) | 8.597 | 07-01-24 | 16,247,000 | 15,990,804 | |
| Huntington Bancshares, Inc. (6.208% to 8-21-28, then Overnight SOFR + 2.020%) | 6.208 | 08-21-29 | 16,060,000 | 16,370,500 | |
| ING Groep NV (5.335% to 3-19-29, then Overnight SOFR + 1.440%) | 5.335 | 03-19-30 | 13,357,000 | 13,250,520 | |
| ING Groep NV (6.114% to 9-11-33, then Overnight SOFR + 2.090%) | 6.114 | 09-11-34 | 11,484,000 | 11,842,960 | |
| ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (D) | 6.500 | 04-16-25 | 7,335,000 | 7,291,209 | |
| JPMorgan Chase & Co. (2.522% to 4-22-30, then Overnight SOFR + 2.040%) | 2.522 | 04-22-31 | 44,812,000 | 38,495,284 | |
| JPMorgan Chase & Co. (2.956% to 5-13-30, then 3 month CME Term SOFR + 2.515%) | 2.956 | 05-13-31 | 38,432,000 | 33,437,864 | |
| JPMorgan Chase & Co. (4.452% to 12-5-28, then 3 month CME Term SOFR + 1.592%) | 4.452 | 12-05-29 | 11,554,000 | 11,175,070 | |
| JPMorgan Chase & Co. (4.600% to 2-1-25, then 3 month CME Term SOFR + 3.125%) (D) | 4.600 | 02-01-25 | 29,072,000 | 28,532,793 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 16 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Financials (continued) | |||||
| Banks (continued) | |||||
| JPMorgan Chase & Co. (5.012% to 1-23-29, then Overnight SOFR + 1.310%) | 5.012 | 01-23-30 | 26,525,000 | $26,173,576 | |
| JPMorgan Chase & Co. (5.581% to 4-22-29, then Overnight SOFR + 1.160%) | 5.581 | 04-22-30 | 17,914,000 | 18,108,983 | |
| M&T Bank Corp. (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%) (C)(D) | 5.125 | 11-01-26 | 10,483,000 | 9,840,700 | |
| NatWest Group PLC (6.000% to 6-29-26, then 5 Year CMT + 5.625%) (D) | 6.000 | 12-29-25 | 28,382,000 | 27,733,769 | |
| NatWest Group PLC (8.125% to 5-10-34, then 5 Year CMT + 3.752%) (D) | 8.125 | 11-10-33 | 19,795,000 | 20,072,763 | |
| Popular, Inc. | 7.250 | 03-13-28 | 22,594,000 | 23,021,930 | |
| Santander Holdings USA, Inc. (2.490% to 1-6-27, then Overnight SOFR + 1.249%) | 2.490 | 01-06-28 | 23,584,000 | 21,622,461 | |
| Santander Holdings USA, Inc. | 3.244 | 10-05-26 | 53,984,000 | 50,861,043 | |
| Santander Holdings USA, Inc. | 4.400 | 07-13-27 | 11,424,000 | 11,026,583 | |
| Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (B)(D) | 5.375 | 11-18-30 | 22,614,000 | 18,946,498 | |
| Societe Generale SA (5.634% to 1-19-29, then 1 Year CMT + 1.750%) (B) | 5.634 | 01-19-30 | 10,791,000 | 10,702,819 | |
| Societe Generale SA (6.221% to 6-15-32, then 1 Year CMT + 3.200%) (B)(C) | 6.221 | 06-15-33 | 14,514,000 | 14,501,545 | |
| Societe Generale SA (6.446% to 1-10-28, then 1 Year CMT + 2.550%) (B) | 6.446 | 01-10-29 | 32,791,000 | 33,482,740 | |
| The PNC Financial Services Group, Inc. (3.400% to 9-15-26, then 5 Year CMT + 2.595%) (D) | 3.400 | 09-15-26 | 38,097,000 | 33,862,739 | |
| The PNC Financial Services Group, Inc. (5.582% to 6-12-28, then Overnight SOFR + 1.841%) | 5.582 | 06-12-29 | 41,083,000 | 41,354,739 | |
| The PNC Financial Services Group, Inc. (5.939% to 8-18-33, then Overnight SOFR + 1.946%) | 5.939 | 08-18-34 | 25,171,000 | 25,636,557 | |
| The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (D) | 6.250 | 03-15-30 | 19,649,000 | 18,751,654 | |
| The PNC Financial Services Group, Inc. (3 month CME Term SOFR + 3.302%) (A)(D) | 8.643 | 09-01-24 | 15,079,000 | 15,136,289 | |
| Truist Financial Corp. (5.435% to 1-24-29, then Overnight SOFR + 1.620%) | 5.435 | 01-24-30 | 30,155,000 | 29,984,030 | |
| Truist Financial Corp. (5.867% to 6-8-33, then Overnight SOFR + 2.361%) | 5.867 | 06-08-34 | 26,828,000 | 26,915,889 | |
| 17 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Financials (continued) | |||||
| Banks (continued) | |||||
| Truist Financial Corp. (7.161% to 10-30-28, then Overnight SOFR + 2.446%) | 7.161 | 10-30-29 | 15,833,000 | $16,769,602 | |
| U.S. Bancorp (5.384% to 1-23-29, then Overnight SOFR + 1.560%) | 5.384 | 01-23-30 | 17,689,000 | 17,645,040 | |
| U.S. Bancorp (5.836% to 6-10-33, then Overnight SOFR + 2.260%) | 5.836 | 06-12-34 | 27,388,000 | 27,609,742 | |
| U.S. Bancorp (6.787% to 10-26-26, then Overnight SOFR + 1.880%) | 6.787 | 10-26-27 | 26,352,000 | 27,122,895 | |
| Wells Fargo & Company (2.393% to 6-2-27, then Overnight SOFR + 2.100%) | 2.393 | 06-02-28 | 65,530,000 | 60,114,287 | |
| Wells Fargo & Company (2.879% to 10-30-29, then 3 month CME Term SOFR + 1.432%) | 2.879 | 10-30-30 | 52,644,000 | 46,379,071 | |
| Wells Fargo & Company (3.350% to 3-2-32, then Overnight SOFR + 1.500%) | 3.350 | 03-02-33 | 63,986,000 | 55,176,768 | |
| Wells Fargo & Company (5.198% to 1-23-29, then Overnight SOFR + 1.500%) | 5.198 | 01-23-30 | 39,900,000 | 39,559,282 | |
| Wells Fargo & Company (5.875% to 6-15-25, then 9.865% thereafter) (C)(D) | 5.875 | 06-15-25 | 60,920,000 | 60,587,377 | |
| Capital markets 2.5% | |||||
| Ares Capital Corp. | 2.150 | 07-15-26 | 13,879,000 | 12,802,748 | |
| Ares Capital Corp. | 2.875 | 06-15-28 | 20,825,000 | 18,510,220 | |
| Ares Capital Corp. | 5.875 | 03-01-29 | 16,093,000 | 15,914,044 | |
| Ares Capital Corp. | 5.950 | 07-15-29 | 8,082,000 | 7,977,314 | |
| Blackstone Private Credit Fund | 3.250 | 03-15-27 | 5,548,000 | 5,118,414 | |
| Blackstone Private Credit Fund | 4.000 | 01-15-29 | 26,971,000 | 24,718,691 | |
| Blackstone Private Credit Fund (B) | 7.300 | 11-27-28 | 21,361,000 | 22,265,197 | |
| Deutsche Bank AG (3.742% to 1-7-32, then Overnight SOFR + 2.257%) | 3.742 | 01-07-33 | 30,294,000 | 25,052,490 | |
| Deutsche Bank AG (6.819% to 11-20-28, then Overnight SOFR + 2.510%) | 6.819 | 11-20-29 | 19,244,000 | 19,976,173 | |
| Global Atlantic Fin Company (4.700% to 10-15-26, then 5 Year CMT + 3.796%) (B) | 4.700 | 10-15-51 | 17,112,000 | 15,479,868 | |
| Jefferies Financial Group, Inc. | 5.875 | 07-21-28 | 20,044,000 | 20,146,176 | |
| Jefferies Financial Group, Inc. | 6.200 | 04-14-34 | 21,018,000 | 21,098,842 | |
| Lazard Group LLC | 4.375 | 03-11-29 | 24,348,000 | 23,248,593 | |
| Macquarie Bank, Ltd. (B) | 3.624 | 06-03-30 | 18,024,000 | 16,008,058 | |
| Morgan Stanley (2.239% to 7-21-31, then Overnight SOFR + 1.178%) | 2.239 | 07-21-32 | 14,951,000 | 12,124,130 | |
| Morgan Stanley (2.484% to 9-16-31, then Overnight SOFR + 1.360%) | 2.484 | 09-16-36 | 41,382,000 | 32,627,725 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 18 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Financials (continued) | |||||
| Capital markets (continued) | |||||
| Morgan Stanley (5.164% to 4-20-28, then Overnight SOFR + 1.590%) | 5.164 | 04-20-29 | 20,085,000 | $19,949,709 | |
| Morgan Stanley (5.173% to 1-16-29, then Overnight SOFR + 1.450%) | 5.173 | 01-16-30 | 41,570,000 | 41,272,632 | |
| MSCI, Inc. (B) | 3.625 | 11-01-31 | 28,982,000 | 25,217,777 | |
| The Bank of New York Mellon Corp. (4.975% to 3-14-29, then Overnight SOFR + 1.085%) | 4.975 | 03-14-30 | 15,314,000 | 15,154,832 | |
| The Charles Schwab Corp. (5.643% to 5-19-28, then Overnight SOFR + 2.210%) | 5.643 | 05-19-29 | 27,090,000 | 27,346,319 | |
| The Charles Schwab Corp. (6.196% to 11-17-28, then Overnight SOFR + 1.878%) | 6.196 | 11-17-29 | 28,771,000 | 29,728,511 | |
| The Goldman Sachs Group, Inc. (2.615% to 4-22-31, then Overnight SOFR + 1.281%) | 2.615 | 04-22-32 | 78,969,000 | 65,909,974 | |
| The Goldman Sachs Group, Inc. (2.650% to 10-21-31, then Overnight SOFR + 1.264%) | 2.650 | 10-21-32 | 32,072,000 | 26,564,119 | |
| UBS Group AG (5.428% to 2-8-29, then 1 Year CMT + 1.520%) (B) | 5.428 | 02-08-30 | 21,163,000 | 21,069,579 | |
| UBS Group AG (6.301% to 9-22-33, then 1 Year CMT + 2.000%) (B) | 6.301 | 09-22-34 | 16,198,000 | 16,911,868 | |
| UBS Group AG (9.250% to 11-13-28, then 5 Year CMT + 4.745%) (B)(D) | 9.250 | 11-13-28 | 12,657,000 | 13,513,600 | |
| UBS Group AG (9.250% to 11-13-33, then 5 Year CMT + 4.758%) (B)(D) | 9.250 | 11-13-33 | 9,436,000 | 10,501,343 | |
| Consumer finance 0.4% | |||||
| Ally Financial, Inc. (6.992% to 6-13-28, then Overnight SOFR + 3.260%) | 6.992 | 06-13-29 | 24,120,000 | 24,927,571 | |
| Ally Financial, Inc. (C) | 7.100 | 11-15-27 | 14,910,000 | 15,514,447 | |
| Discover Financial Services | 4.100 | 02-09-27 | 9,080,000 | 8,725,806 | |
| OneMain Finance Corp. | 9.000 | 01-15-29 | 12,547,000 | 13,170,685 | |
| Trust Fibra Uno (B) | 7.375 | 02-13-34 | 25,178,000 | 24,988,714 | |
| Financial services 0.2% | |||||
| Block, Inc. | 3.500 | 06-01-31 | 8,150,000 | 6,980,910 | |
| Corebridge Financial, Inc. (6.875% to 12-15-27, then 5 Year CMT + 3.846%) | 6.875 | 12-15-52 | 10,867,000 | 10,935,120 | |
| Enact Holdings, Inc. | 6.250 | 05-28-29 | 25,626,000 | 25,619,283 | |
| Nationstar Mortgage Holdings, Inc. (B) | 5.125 | 12-15-30 | 6,436,000 | 5,840,743 | |
| Nationstar Mortgage Holdings, Inc. (B) | 5.500 | 08-15-28 | 11,371,000 | 10,852,188 | |
| Insurance 0.8% | |||||
| AmWINS Group, Inc. (B) | 6.375 | 02-15-29 | 8,879,000 | 8,857,247 | |
| Athene Holding, Ltd. | 3.500 | 01-15-31 | 13,278,000 | 11,719,220 | |
| Baldwin Insurance Group Holdings LLC (B) | 7.125 | 05-15-31 | 6,960,000 | 7,028,337 | |
| 19 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Financials (continued) | |||||
| Insurance (continued) | |||||
| CNA Financial Corp. | 2.050 | 08-15-30 | 10,373,000 | $8,575,628 | |
| CNO Financial Group, Inc. | 5.250 | 05-30-29 | 30,839,000 | 29,837,765 | |
| CNO Financial Group, Inc. | 6.450 | 06-15-34 | 12,821,000 | 12,857,446 | |
| Liberty Mutual Group, Inc. (4.125% to 12-15-26, then 5 Year CMT + 3.315%) (B) | 4.125 | 12-15-51 | 18,330,000 | 16,957,885 | |
| MetLife, Inc. (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%) | 6.400 | 12-15-36 | 24,604,000 | 24,793,033 | |
| Panther Escrow Issuer LLC (B) | 7.125 | 06-01-31 | 27,044,000 | 27,269,046 | |
| SBL Holdings, Inc. (B) | 5.000 | 02-18-31 | 22,901,000 | 19,697,109 | |
| Teachers Insurance & Annuity Association of America (B) | 4.270 | 05-15-47 | 28,091,000 | 22,592,258 | |
| Mortgage real estate investment trusts 0.0% | |||||
| Starwood Property Trust, Inc. (B) | 7.250 | 04-01-29 | 3,756,000 | 3,735,364 | |
| Health care 2.5% | 616,783,351 | ||||
| Biotechnology 0.7% | |||||
| AbbVie, Inc. | 3.200 | 11-21-29 | 73,404,000 | 66,923,176 | |
| Amgen, Inc. | 5.250 | 03-02-30 | 56,543,000 | 56,690,671 | |
| Amgen, Inc. | 5.250 | 03-02-33 | 33,432,000 | 33,177,743 | |
| Regeneron Pharmaceuticals, Inc. | 1.750 | 09-15-30 | 29,144,000 | 23,749,941 | |
| Health care equipment and supplies 0.3% | |||||
| Solventum Corp. (B) | 5.400 | 03-01-29 | 21,069,000 | 20,936,862 | |
| Solventum Corp. (B) | 5.450 | 03-13-31 | 40,528,000 | 39,967,619 | |
| Varex Imaging Corp. (B) | 7.875 | 10-15-27 | 9,985,000 | 10,110,012 | |
| Health care providers and services 0.9% | |||||
| AdaptHealth LLC (B) | 5.125 | 03-01-30 | 14,284,000 | 12,476,490 | |
| Cencora, Inc. | 2.800 | 05-15-30 | 22,806,000 | 19,953,304 | |
| Centene Corp. | 2.450 | 07-15-28 | 6,416,000 | 5,657,254 | |
| Centene Corp. | 3.000 | 10-15-30 | 20,848,000 | 17,725,964 | |
| Centene Corp. | 3.375 | 02-15-30 | 12,265,000 | 10,797,724 | |
| CVS Health Corp. | 3.750 | 04-01-30 | 20,445,000 | 18,667,554 | |
| CVS Health Corp. | 5.050 | 03-25-48 | 26,674,000 | 22,993,658 | |
| DaVita, Inc. (B) | 3.750 | 02-15-31 | 16,489,000 | 13,837,613 | |
| DaVita, Inc. (B) | 4.625 | 06-01-30 | 28,508,000 | 25,539,814 | |
| Fresenius Medical Care US Finance III, Inc. (B) | 2.375 | 02-16-31 | 40,883,000 | 32,394,300 | |
| HCA, Inc. | 5.450 | 04-01-31 | 8,216,000 | 8,164,262 | |
| Universal Health Services, Inc. | 2.650 | 10-15-30 | 23,326,000 | 19,661,798 | |
| Life sciences tools and services 0.1% | |||||
| Icon Investments Six DAC | 5.809 | 05-08-27 | 7,779,000 | 7,838,708 | |
| Icon Investments Six DAC | 5.849 | 05-08-29 | 13,689,000 | 13,860,668 | |
| Thermo Fisher Scientific, Inc. | 4.977 | 08-10-30 | 13,647,000 | 13,577,796 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 20 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Health care (continued) | |||||
| Pharmaceuticals 0.5% | |||||
| Endo Finance Holdings, Inc. (B)(C) | 8.500 | 04-15-31 | 4,100,000 | $4,202,578 | |
| IQVIA, Inc. | 6.250 | 02-01-29 | 13,440,000 | 13,760,221 | |
| Royalty Pharma PLC | 1.750 | 09-02-27 | 12,300,000 | 10,976,685 | |
| Viatris, Inc. | 2.700 | 06-22-30 | 38,431,000 | 32,356,798 | |
| Viatris, Inc. | 4.000 | 06-22-50 | 90,110,000 | 60,784,138 | |
| Industrials 4.6% | 1,122,649,150 | ||||
| Aerospace and defense 0.3% | |||||
| AAR Escrow Issuer LLC (B) | 6.750 | 03-15-29 | 5,804,000 | 5,893,413 | |
| BAE Systems PLC (B) | 5.125 | 03-26-29 | 15,944,000 | 15,815,704 | |
| Embraer Netherlands Finance BV (B) | 7.000 | 07-28-30 | 17,812,000 | 18,508,004 | |
| Huntington Ingalls Industries, Inc. | 4.200 | 05-01-30 | 17,227,000 | 16,084,053 | |
| The Boeing Company (B) | 6.298 | 05-01-29 | 9,566,000 | 9,643,526 | |
| Building products 0.3% | |||||
| Builders FirstSource, Inc. (B) | 4.250 | 02-01-32 | 19,875,000 | 17,356,887 | |
| Builders FirstSource, Inc. (B) | 6.375 | 06-15-32 | 12,224,000 | 12,178,629 | |
| Builders FirstSource, Inc. (B) | 6.375 | 03-01-34 | 20,376,000 | 19,975,043 | |
| Owens Corning | 3.875 | 06-01-30 | 3,367,000 | 3,131,197 | |
| Owens Corning | 3.950 | 08-15-29 | 28,266,000 | 26,590,371 | |
| Commercial services and supplies 0.1% | |||||
| Albion Financing 1 SARL (B)(C) | 6.125 | 10-15-26 | 15,693,000 | 15,441,393 | |
| Allied Universal Holdco LLC (B)(C) | 6.000 | 06-01-29 | 6,591,000 | 5,625,635 | |
| APX Group, Inc. (B) | 5.750 | 07-15-29 | 17,349,000 | 16,468,961 | |
| Construction and engineering 0.2% | |||||
| CIMIC Finance USA Pty, Ltd. (B) | 7.000 | 03-25-34 | 14,047,000 | 14,169,016 | |
| Global Infrastructure Solutions, Inc. (B) | 5.625 | 06-01-29 | 17,954,000 | 16,639,139 | |
| MasTec, Inc. (B) | 4.500 | 08-15-28 | 11,329,000 | 10,692,154 | |
| Electrical equipment 0.2% | |||||
| EMRLD Borrower LP (B) | 6.625 | 12-15-30 | 24,763,000 | 24,806,145 | |
| Regal Rexnord Corp. | 6.400 | 04-15-33 | 13,838,000 | 14,243,773 | |
| Ground transportation 0.1% | |||||
| Uber Technologies, Inc. (B) | 4.500 | 08-15-29 | 30,886,000 | 29,117,125 | |
| Machinery 0.1% | |||||
| Esab Corp. (B) | 6.250 | 04-15-29 | 3,083,000 | 3,090,066 | |
| Flowserve Corp. | 3.500 | 10-01-30 | 13,019,000 | 11,551,915 | |
| JB Poindexter & Company, Inc. (B) | 8.750 | 12-15-31 | 9,465,000 | 9,694,422 | |
| Passenger airlines 2.0% | |||||
| Air Canada 2020-1 Class C Pass Through Trust (B) | 10.500 | 07-15-26 | 23,835,000 | 25,891,961 | |
| American Airlines 2014-1 Class A Pass Through Trust (C) | 3.700 | 10-01-26 | 10,076,722 | 9,615,962 | |
| American Airlines 2015-1 Class A Pass Through Trust (C) | 3.375 | 11-01-28 | 50,035,090 | 46,896,219 | |
| 21 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Industrials (continued) | |||||
| Passenger airlines (continued) | |||||
| American Airlines 2016-1 Class A Pass Through Trust | 4.100 | 01-15-28 | 26,210,714 | $24,544,417 | |
| American Airlines 2016-1 Class AA Pass Through Trust | 3.575 | 01-15-28 | 7,908,818 | 7,429,577 | |
| American Airlines 2016-3 Class A Pass Through Trust | 3.250 | 04-15-30 | 4,440,716 | 4,011,296 | |
| American Airlines 2017-1 Class A Pass Through Trust | 4.000 | 02-15-29 | 10,602,650 | 9,732,987 | |
| American Airlines 2017-1 Class AA Pass Through Trust | 3.650 | 02-15-29 | 18,953,463 | 17,773,750 | |
| American Airlines 2017-2 Class A Pass Through Trust | 3.600 | 10-15-29 | 12,658,512 | 11,369,737 | |
| American Airlines 2019-1 Class A Pass Through Trust | 3.500 | 02-15-32 | 27,538,834 | 23,951,295 | |
| American Airlines 2019-1 Class AA Pass Through Trust | 3.150 | 02-15-32 | 21,193,418 | 18,785,790 | |
| American Airlines 2019-1 Class B Pass Through Trust | 3.850 | 02-15-28 | 7,404,305 | 6,838,812 | |
| American Airlines 2021-1 Class A Pass Through Trust | 2.875 | 07-11-34 | 20,077,787 | 16,984,484 | |
| American Airlines 2021-1 Class B Pass Through Trust | 3.950 | 07-11-30 | 23,094,635 | 21,163,062 | |
| American Airlines, Inc. (B) | 7.250 | 02-15-28 | 16,289,000 | 16,265,429 | |
| British Airways 2018-1 Class A Pass Through Trust (B) | 4.125 | 09-20-31 | 6,002,766 | 5,575,788 | |
| British Airways 2020-1 Class A Pass Through Trust (B)(C) | 4.250 | 11-15-32 | 9,633,951 | 8,901,503 | |
| British Airways 2020-1 Class B Pass Through Trust (B) | 8.375 | 11-15-28 | 3,911,300 | 4,075,413 | |
| Delta Air Lines, Inc. | 4.375 | 04-19-28 | 22,966,000 | 22,087,725 | |
| Delta Air Lines, Inc. (B) | 4.750 | 10-20-28 | 31,946,627 | 31,111,588 | |
| JetBlue 2019-1 Class AA Pass Through Trust | 2.750 | 05-15-32 | 15,726,800 | 13,432,290 | |
| United Airlines 2014-2 Class A Pass Through Trust | 3.750 | 09-03-26 | 27,649,869 | 26,482,956 | |
| United Airlines 2016-1 Class A Pass Through Trust | 3.450 | 07-07-28 | 21,871,018 | 19,908,715 | |
| United Airlines 2018-1 Class B Pass Through Trust | 4.600 | 03-01-26 | 8,246,083 | 8,005,708 | |
| United Airlines 2019-1 Class A Pass Through Trust (C) | 4.550 | 08-25-31 | 20,217,236 | 19,289,304 | |
| United Airlines 2020-1 Class A Pass Through Trust | 5.875 | 10-15-27 | 31,642,088 | 31,659,146 | |
| United Airlines 2023-1 Class A Pass Through Trust | 5.800 | 01-15-36 | 26,353,000 | 26,437,092 | |
| United Airlines, Inc. (B) | 4.625 | 04-15-29 | 6,837,000 | 6,319,447 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 22 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Industrials (continued) | |||||
| Professional services 0.1% | |||||
| Concentrix Corp. | 6.600 | 08-02-28 | 28,506,000 | $28,727,657 | |
| TriNet Group, Inc. (B) | 3.500 | 03-01-29 | 7,869,000 | 6,945,888 | |
| Trading companies and distributors 1.2% | |||||
| AerCap Ireland Capital DAC | 2.450 | 10-29-26 | 84,828,000 | 78,930,410 | |
| AerCap Ireland Capital DAC | 3.000 | 10-29-28 | 45,602,000 | 41,201,700 | |
| AerCap Ireland Capital DAC | 3.300 | 01-30-32 | 16,116,000 | 13,727,026 | |
| AerCap Ireland Capital DAC | 5.100 | 01-19-29 | 5,705,000 | 5,625,501 | |
| Air Lease Corp. | 3.625 | 12-01-27 | 16,947,000 | 15,978,273 | |
| Ashtead Capital, Inc. (B) | 2.450 | 08-12-31 | 14,909,000 | 11,997,004 | |
| Ashtead Capital, Inc. (B) | 4.250 | 11-01-29 | 10,066,000 | 9,349,306 | |
| Ashtead Capital, Inc. (B) | 4.375 | 08-15-27 | 15,640,000 | 14,974,727 | |
| Ashtead Capital, Inc. (B) | 5.550 | 05-30-33 | 11,655,000 | 11,358,553 | |
| Ashtead Capital, Inc. (B) | 5.800 | 04-15-34 | 12,687,000 | 12,600,865 | |
| Ashtead Capital, Inc. (B) | 5.950 | 10-15-33 | 21,506,000 | 21,537,161 | |
| Beacon Roofing Supply, Inc. (B)(C) | 4.125 | 05-15-29 | 9,940,000 | 8,987,301 | |
| BlueLinx Holdings, Inc. (B) | 6.000 | 11-15-29 | 19,851,000 | 18,981,040 | |
| SMBC Aviation Capital Finance DAC (B) | 2.300 | 06-15-28 | 8,337,000 | 7,354,568 | |
| United Rentals North America, Inc. | 3.875 | 11-15-27 | 13,953,000 | 13,114,146 | |
| Information technology 2.3% | 554,779,422 | ||||
| Communications equipment 0.2% | |||||
| Motorola Solutions, Inc. | 2.300 | 11-15-30 | 34,687,000 | 28,886,470 | |
| Motorola Solutions, Inc. | 2.750 | 05-24-31 | 28,836,000 | 24,292,417 | |
| Electronic equipment, instruments and components 0.0% | |||||
| Zebra Technologies Corp. (B) | 6.500 | 06-01-32 | 3,744,000 | 3,768,142 | |
| IT services 0.1% | |||||
| Gartner, Inc. (B) | 4.500 | 07-01-28 | 28,204,000 | 26,857,019 | |
| Kyndryl Holdings, Inc. | 6.350 | 02-20-34 | 3,627,000 | 3,730,185 | |
| Semiconductors and semiconductor equipment 1.4% | |||||
| Broadcom, Inc. (B) | 3.419 | 04-15-33 | 38,867,000 | 33,214,698 | |
| Broadcom, Inc. | 4.750 | 04-15-29 | 89,343,000 | 87,671,987 | |
| Foundry JV Holdco LLC (B) | 5.875 | 01-25-34 | 22,581,000 | 22,464,076 | |
| Foundry JV Holdco LLC (B) | 5.900 | 01-25-30 | 14,750,000 | 14,950,702 | |
| Marvell Technology, Inc. | 2.450 | 04-15-28 | 32,253,000 | 28,981,515 | |
| Micron Technology, Inc. | 2.703 | 04-15-32 | 20,705,000 | 17,079,889 | |
| Micron Technology, Inc. | 5.300 | 01-15-31 | 15,734,000 | 15,633,804 | |
| Micron Technology, Inc. | 5.327 | 02-06-29 | 25,665,000 | 25,708,868 | |
| Micron Technology, Inc. | 6.750 | 11-01-29 | 46,933,000 | 49,794,191 | |
| Qorvo, Inc. (B) | 3.375 | 04-01-31 | 16,454,000 | 13,891,334 | |
| Qorvo, Inc. | 4.375 | 10-15-29 | 15,653,000 | 14,623,460 | |
| Software 0.3% | |||||
| Atlassian Corp. | 5.250 | 05-15-29 | 14,863,000 | 14,811,621 | |
| 23 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Information technology (continued) | |||||
| Software (continued) | |||||
| Autodesk, Inc. | 2.850 | 01-15-30 | 12,863,000 | $11,360,578 | |
| Consensus Cloud Solutions, Inc. (B)(C) | 6.500 | 10-15-28 | 10,795,000 | 9,936,409 | |
| Oracle Corp. | 2.950 | 04-01-30 | 29,091,000 | 25,692,138 | |
| Rocket Software, Inc. (B) | 9.000 | 11-28-28 | 11,467,000 | 11,647,403 | |
| Technology hardware, storage and peripherals 0.3% | |||||
| CDW LLC | 3.250 | 02-15-29 | 8,657,000 | 7,795,150 | |
| Dell International LLC | 5.300 | 10-01-29 | 20,546,000 | 20,581,431 | |
| Dell International LLC | 5.400 | 04-15-34 | 42,003,000 | 41,405,935 | |
| Materials 1.3% | 312,806,574 | ||||
| Chemicals 0.2% | |||||
| Braskem Idesa SAPI (B) | 6.990 | 02-20-32 | 13,776,000 | 10,241,795 | |
| Braskem Netherlands Finance BV (B) | 4.500 | 01-31-30 | 36,631,000 | 30,645,942 | |
| Sasol Financing USA LLC | 5.500 | 03-18-31 | 14,432,000 | 11,908,982 | |
| Construction materials 0.2% | |||||
| Cemex SAB de CV (B) | 3.875 | 07-11-31 | 20,841,000 | 18,296,005 | |
| Cemex SAB de CV (B) | 5.200 | 09-17-30 | 18,640,000 | 17,841,293 | |
| Summit Materials LLC (B) | 7.250 | 01-15-31 | 5,127,000 | 5,286,455 | |
| Containers and packaging 0.2% | |||||
| Graphic Packaging International LLC (B) | 3.500 | 03-01-29 | 15,702,000 | 14,014,036 | |
| Mauser Packaging Solutions Holding Company (B) | 7.875 | 04-15-27 | 6,946,000 | 7,077,002 | |
| Owens-Brockway Glass Container, Inc. (B) | 7.250 | 05-15-31 | 7,132,000 | 7,107,839 | |
| Pactiv Evergreen Group Issuer, Inc. (B) | 4.000 | 10-15-27 | 19,237,000 | 17,953,757 | |
| Metals and mining 0.7% | |||||
| Alcoa Nederland Holding BV (B) | 7.125 | 03-15-31 | 5,753,000 | 5,884,209 | |
| Anglo American Capital PLC (B) | 4.750 | 04-10-27 | 17,391,000 | 17,060,276 | |
| Arsenal AIC Parent LLC (B) | 8.000 | 10-01-30 | 9,108,000 | 9,473,576 | |
| First Quantum Minerals, Ltd. (B) | 6.875 | 10-15-27 | 25,397,000 | 24,999,582 | |
| First Quantum Minerals, Ltd. (B)(C) | 8.625 | 06-01-31 | 8,162,000 | 8,122,609 | |
| Freeport-McMoRan, Inc. | 4.250 | 03-01-30 | 28,698,000 | 26,982,870 | |
| Freeport-McMoRan, Inc. | 5.400 | 11-14-34 | 19,261,000 | 18,784,281 | |
| Freeport-McMoRan, Inc. | 5.450 | 03-15-43 | 33,000,000 | 31,056,977 | |
| Newmont Corp. | 2.800 | 10-01-29 | 10,590,000 | 9,395,561 | |
| Novelis Corp. (B) | 4.750 | 01-30-30 | 22,376,000 | 20,673,527 | |
| Real estate 0.8% | 204,918,148 | ||||
| Real estate management and development 0.1% | |||||
| CoStar Group, Inc. (B) | 2.800 | 07-15-30 | 30,081,000 | 25,494,396 | |
| Residential REITs 0.0% | |||||
| American Homes 4 Rent LP | 4.250 | 02-15-28 | 13,089,000 | 12,501,751 | |
| Specialized REITs 0.7% | |||||
| American Tower Corp. | 3.800 | 08-15-29 | 39,036,000 | 36,123,250 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 24 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Real estate (continued) | |||||
| Specialized REITs (continued) | |||||
| American Tower Trust I (B) | 5.490 | 03-15-28 | 29,682,000 | $29,807,777 | |
| GLP Capital LP | 3.250 | 01-15-32 | 10,983,000 | 9,114,292 | |
| GLP Capital LP | 4.000 | 01-15-30 | 10,907,000 | 9,882,302 | |
| Iron Mountain Information Management Services, Inc. (B) | 5.000 | 07-15-32 | 5,134,000 | 4,627,200 | |
| Iron Mountain, Inc. (B) | 5.250 | 07-15-30 | 12,333,000 | 11,531,348 | |
| SBA Tower Trust (B) | 6.599 | 01-15-28 | 8,442,000 | 8,618,603 | |
| VICI Properties LP (B) | 3.875 | 02-15-29 | 13,041,000 | 11,969,987 | |
| VICI Properties LP (B) | 4.125 | 08-15-30 | 12,785,000 | 11,520,131 | |
| VICI Properties LP (B) | 4.625 | 12-01-29 | 24,513,000 | 22,942,776 | |
| VICI Properties LP | 5.125 | 05-15-32 | 11,411,000 | 10,784,335 | |
| Utilities 2.5% | 608,313,255 | ||||
| Electric utilities 1.4% | |||||
| American Electric Power Company, Inc. | 5.625 | 03-01-33 | 11,747,000 | 11,671,045 | |
| Atlantica Transmision Sur SA (B)(C) | 6.875 | 04-30-43 | 12,155,119 | 12,632,815 | |
| Constellation Energy Generation LLC | 6.125 | 01-15-34 | 10,291,000 | 10,710,847 | |
| Constellation Energy Generation LLC | 6.500 | 10-01-53 | 13,403,000 | 14,312,514 | |
| Duke Energy Corp. | 2.450 | 06-01-30 | 8,146,000 | 6,945,642 | |
| Duke Energy Corp. | 5.750 | 09-15-33 | 27,288,000 | 27,598,736 | |
| Electricite de France SA (B) | 5.650 | 04-22-29 | 33,825,000 | 34,037,366 | |
| Electricite de France SA (9.125% to 6-15-33, then 5 Year CMT + 5.411%) (B)(D) | 9.125 | 03-15-33 | 17,598,000 | 19,331,611 | |
| FirstEnergy Corp. | 2.650 | 03-01-30 | 15,250,000 | 13,106,725 | |
| FirstEnergy Corp. | 3.400 | 03-01-50 | 7,292,000 | 4,821,742 | |
| Georgia Power Company | 4.950 | 05-17-33 | 13,561,000 | 13,193,712 | |
| NextEra Energy Capital Holdings, Inc. | 2.250 | 06-01-30 | 10,355,000 | 8,744,557 | |
| NextEra Energy Capital Holdings, Inc. (6.700% to 9-1-29, then 5 Year CMT + 2.364%) | 6.700 | 09-01-54 | 24,489,000 | 24,477,994 | |
| NRG Energy, Inc. (B) | 2.450 | 12-02-27 | 22,398,000 | 20,115,946 | |
| NRG Energy, Inc. (B) | 3.625 | 02-15-31 | 13,076,000 | 11,204,865 | |
| NRG Energy, Inc. (B) | 3.875 | 02-15-32 | 28,310,000 | 24,230,178 | |
| NRG Energy, Inc. (B) | 4.450 | 06-15-29 | 16,431,000 | 15,456,902 | |
| NRG Energy, Inc. (B) | 7.000 | 03-15-33 | 22,079,000 | 23,332,734 | |
| NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (B)(D) | 10.250 | 03-15-28 | 17,349,000 | 18,972,329 | |
| The Southern Company | 5.700 | 03-15-34 | 21,632,000 | 21,946,023 | |
| Independent power and renewable electricity producers 0.7% | |||||
| AES Panama Generation Holdings SRL (B) | 4.375 | 05-31-30 | 15,923,696 | 13,741,991 | |
| LLPL Capital Pte, Ltd. (B) | 6.875 | 02-04-39 | 2,843,637 | 2,829,541 | |
| NextEra Energy Operating Partners LP (B) | 3.875 | 10-15-26 | 20,014,000 | 18,931,481 | |
| NextEra Energy Operating Partners LP (B) | 4.500 | 09-15-27 | 6,682,000 | 6,287,571 | |
| 25 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Utilities (continued) | |||||
| Independent power and renewable electricity producers (continued) | |||||
| Vistra Corp. (8.000% to 10-15-26, then 5 Year CMT + 6.930%) (B)(D) | 8.000 | 10-15-26 | 7,308,000 | $7,428,611 | |
| Vistra Operations Company LLC (B) | 3.700 | 01-30-27 | 43,768,000 | 41,506,650 | |
| Vistra Operations Company LLC (B) | 4.300 | 07-15-29 | 38,331,000 | 35,907,018 | |
| Vistra Operations Company LLC (B) | 6.875 | 04-15-32 | 10,160,000 | 10,225,959 | |
| Vistra Operations Company LLC (B) | 6.950 | 10-15-33 | 23,577,000 | 25,115,321 | |
| Multi-utilities 0.4% | |||||
| Dominion Energy, Inc. | 3.375 | 04-01-30 | 15,066,000 | 13,532,573 | |
| Dominion Energy, Inc. (6.875% to 2-1-30, then 5 Year CMT + 2.386%) | 6.875 | 02-01-55 | 18,149,000 | 18,410,038 | |
| Dominion Energy, Inc. (7.000% to 6-1-34, then 5 Year CMT + 2.511%) | 7.000 | 06-01-54 | 8,283,000 | 8,551,050 | |
| NiSource, Inc. | 1.700 | 02-15-31 | 8,146,000 | 6,465,075 | |
| NiSource, Inc. | 3.600 | 05-01-30 | 15,381,000 | 14,032,276 | |
| NiSource, Inc. | 5.250 | 03-30-28 | 5,035,000 | 5,021,419 | |
| Sempra | 5.500 | 08-01-33 | 21,527,000 | 21,434,749 | |
| Sempra (6.875% to 10-1-29, then 5 Year CMT + 2.789%) | 6.875 | 10-01-54 | 17,928,000 | 17,752,086 | |
| Water utilities 0.0% | |||||
| Artera Services LLC (B) | 8.500 | 02-15-31 | 4,204,000 | 4,295,563 | |
| Municipal bonds 0.1% | $24,342,259 | ||||
| (Cost $30,015,000) | |||||
| Golden State Tobacco Securitization Corp. (California) | 4.214 | 06-01-50 | 16,097,000 | 11,803,182 | |
| State Board of Administration Finance Corp. (Florida) | 1.705 | 07-01-27 | 13,918,000 | 12,539,077 | |
| Term loans (E) 0.1% | $8,553,295 | ||||
| (Cost $8,516,255) | |||||
| Health care 0.1% | 8,553,295 | ||||
| Pharmaceuticals 0.1% | |||||
| Endo Finance Holdings, Inc., 2024 Term Loan B (3 month CME Term SOFR + 4.500%) | 9.793 | 04-23-31 | 8,564,000 | 8,553,295 | |
| Collateralized mortgage obligations 3.4% | $838,225,047 | ||||
| (Cost $1,153,875,098) | |||||
| Commercial and residential 2.5% | 602,726,597 | ||||
| Angel Oak Mortgage Trust LLC | |||||
| Series 2020-R1, Class A1 (B)(F) | 0.990 | 04-25-53 | 5,154,074 | 4,741,613 | |
| Series 2021-2, Class A1 (B)(F) | 0.985 | 04-25-66 | 6,704,879 | 5,537,512 | |
| Series 2021-4, Class A1 (B)(F) | 1.035 | 01-20-65 | 18,242,518 | 14,748,956 | |
| Series 2021-5, Class A1 (B)(F) | 0.951 | 07-25-66 | 18,509,142 | 15,463,017 | |
| Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter) (B) | 4.800 | 11-26-68 | 17,633,364 | 17,084,876 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 26 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Commercial and residential (continued) | |||||
| Arroyo Mortgage Trust | |||||
| Series 2021-1R, Class A1 (B)(F) | 1.175 | 10-25-48 | 10,614,580 | $9,065,232 | |
| BAMLL Commercial Mortgage Securities Trust | |||||
| Series 2019-BPR, Class ENM (B)(F) | 3.719 | 11-05-32 | 11,565,000 | 4,393,698 | |
| Barclays Commercial Mortgage Trust | |||||
| Series 2019-C5, Class A2 | 3.043 | 11-15-52 | 11,916,927 | 11,766,154 | |
| BBCMS Mortgage Trust | |||||
| Series 2020-C6, Class A2 | 2.690 | 02-15-53 | 10,908,000 | 10,278,942 | |
| Benchmark Mortgage Trust | |||||
| Series 2019-B12, Class A2 | 3.001 | 08-15-52 | 19,062,080 | 18,491,948 | |
| Series 2019-B13, Class A2 | 2.889 | 08-15-57 | 18,595,371 | 17,355,936 | |
| BRAVO Residential Funding Trust | |||||
| Series 2021-NQM1, Class A1 (B)(F) | 0.941 | 02-25-49 | 7,511,789 | 6,635,273 | |
| BX Trust | |||||
| Series 2022-CLS, Class A (B) | 5.760 | 10-13-27 | 19,433,000 | 19,271,626 | |
| Citigroup Commercial Mortgage Trust | |||||
| Series 2023-SMRT, Class A (B)(F) | 5.820 | 10-12-40 | 20,164,000 | 20,269,680 | |
| COLT Mortgage Loan Trust | |||||
| Series 2021-2, Class A1 (B)(F) | 0.924 | 08-25-66 | 12,866,139 | 10,317,973 | |
| Series 2021-3, Class A1 (B)(F) | 0.956 | 09-27-66 | 18,713,483 | 14,917,753 | |
| Series 2021-HX1, Class A1 (B)(F) | 1.110 | 10-25-66 | 14,737,310 | 12,106,627 | |
| COLT Trust | |||||
| Series 2020-RPL1, Class A1 (B)(F) | 1.390 | 01-25-65 | 31,599,261 | 26,355,765 | |
| Commercial Mortgage Trust (Citigroup/Deutsche Bank AG) | |||||
| Series 2018-COR3, Class XA IO | 0.432 | 05-10-51 | 221,469,411 | 3,267,471 | |
| Commercial Mortgage Trust (Deutsche Bank AG) | |||||
| Series 2013-300P, Class D (B)(F) | 4.394 | 08-10-30 | 18,413,000 | 14,725,797 | |
| Series 2017-PANW, Class A (B) | 3.244 | 10-10-29 | 7,264,000 | 6,685,059 | |
| Series 2020-CBM, Class A2 (B) | 2.896 | 02-10-37 | 14,666,000 | 14,226,118 | |
| Credit Suisse Mortgage Capital Certificates | |||||
| Series 2020-NET, Class A (B) | 2.257 | 08-15-37 | 6,480,340 | 6,102,720 | |
| Series 2021-NQM2, Class A1 (B)(F) | 1.179 | 02-25-66 | 13,689,593 | 11,757,690 | |
| Series 2021-NQM3, Class A1 (B)(F) | 1.015 | 04-25-66 | 9,801,941 | 8,112,391 | |
| Series 2021-NQM5, Class A1 (B)(F) | 0.938 | 05-25-66 | 7,026,293 | 5,613,451 | |
| Series 2021-NQM6, Class A1 (B)(F) | 1.174 | 07-25-66 | 22,458,471 | 18,359,135 | |
| Ellington Financial Mortgage Trust | |||||
| Series 2021-1, Class A1 (B)(F) | 0.797 | 02-25-66 | 4,286,433 | 3,556,795 | |
| Series 2021-2, Class A1 (B)(F) | 0.931 | 06-25-66 | 12,467,713 | 10,103,821 | |
| Flagstar Mortgage Trust | |||||
| Series 2021-1, Class A2 (B)(F) | 2.500 | 02-01-51 | 25,109,167 | 19,713,835 | |
| GCAT Trust | |||||
| Series 2021-NQM1, Class A1 (B)(F) | 0.874 | 01-25-66 | 7,250,003 | 6,081,894 | |
| Series 2021-NQM2, Class A1 (B)(F) | 1.036 | 05-25-66 | 8,516,317 | 7,052,213 | |
| Series 2021-NQM3, Class A1 (B)(F) | 1.091 | 05-25-66 | 13,824,157 | 11,364,198 | |
| GS Mortgage Securities Trust | |||||
| Series 2020-UPTN, Class A (B) | 2.751 | 02-10-37 | 8,264,000 | 7,995,475 | |
| GS Mortgage-Backed Securities Trust | |||||
| Series 2020-NQM1, Class A1 (B)(F) | 1.382 | 09-27-60 | 2,216,632 | 2,036,265 | |
| Series 2021-NQM1, Class A1 (B)(F) | 1.017 | 07-25-61 | 5,883,519 | 5,089,797 | |
| 27 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Commercial and residential (continued) | |||||
| HarborView Mortgage Loan Trust | |||||
| Series 2007-3, Class ES IO (B) | 0.350 | 05-19-37 | 15,385,407 | $261,829 | |
| Series 2007-4, Class ES IO | 0.350 | 07-19-47 | 15,603,144 | 208,506 | |
| Series 2007-6, Class ES IO (B) | 0.343 | 08-19-37 | 16,867,816 | 217,003 | |
| Imperial Fund Mortgage Trust | |||||
| Series 2021-NQM1, Class A1 (B)(F) | 1.071 | 06-25-56 | 8,183,872 | 6,943,706 | |
| JPMorgan Chase Commercial Mortgage Securities Trust | |||||
| Series 2020-NNN, Class AFX (B) | 2.812 | 01-16-37 | 15,435,000 | 13,737,150 | |
| MFA Trust | |||||
| Series 2021-NQM1, Class A1 (B)(F) | 1.153 | 04-25-65 | 5,600,261 | 5,063,546 | |
| Natixis Commercial Mortgage Securities Trust | |||||
| Series 2018-ALXA, Class C (B)(F) | 4.316 | 01-15-43 | 7,402,000 | 6,305,265 | |
| NYMT Loan Trust | |||||
| Series 2022-CP1, Class A1 (B) | 2.042 | 07-25-61 | 8,745,613 | 7,907,057 | |
| OBX Trust | |||||
| Series 2020-EXP2, Class A3 (B)(F) | 2.500 | 05-25-60 | 5,234,965 | 4,199,887 | |
| Series 2021-NQM2, Class A1 (B)(F) | 1.101 | 05-25-61 | 13,409,467 | 10,327,029 | |
| Series 2021-NQM3, Class A1 (B)(F) | 1.054 | 07-25-61 | 19,979,516 | 15,473,691 | |
| Provident Funding Mortgage Trust | |||||
| Series 2020-F1, Class A2 (B)(F) | 2.000 | 01-25-36 | 20,268,001 | 17,225,640 | |
| SLG Office Trust | |||||
| Series 2021-OVA, Class D (B) | 2.851 | 07-15-41 | 22,906,000 | 17,892,442 | |
| Starwood Mortgage Residential Trust | |||||
| Series 2022-1, Class A1 (B)(F) | 2.447 | 12-25-66 | 21,230,092 | 18,257,189 | |
| Towd Point Mortgage Trust | |||||
| Series 2018-4, Class A1 (B)(F) | 3.000 | 06-25-58 | 11,248,361 | 10,270,845 | |
| Series 2019-1, Class A1 (B)(F) | 3.750 | 03-25-58 | 9,038,298 | 8,531,957 | |
| Series 2019-4, Class A1 (B)(F) | 2.900 | 10-25-59 | 9,362,768 | 8,717,945 | |
| Series 2020-4, Class A1 (B) | 1.750 | 10-25-60 | 14,510,323 | 12,754,336 | |
| Verus Securitization Trust | |||||
| Series 2020-5, Class A1 (1.218% to 10-1-24, then 2.218% thereafter) (B) | 1.218 | 05-25-65 | 3,300,801 | 3,092,697 | |
| Series 2021-3, Class A1 (B)(F) | 1.046 | 06-25-66 | 14,309,624 | 11,929,162 | |
| Series 2021-4, Class A1 (B)(F) | 0.938 | 07-25-66 | 8,528,140 | 6,820,926 | |
| Series 2021-5, Class A1 (B)(F) | 1.013 | 09-25-66 | 13,896,827 | 11,462,556 | |
| Series 2021-R1, Class A1 (B)(F) | 0.820 | 10-25-63 | 4,889,329 | 4,479,527 | |
| U.S. Government Agency 0.9% | 235,498,450 | ||||
| Federal Home Loan Mortgage Corp. | |||||
| Series T-41, Class 3A (F) | 4.358 | 07-25-32 | 691 | 641 | |
| Federal National Mortgage Association | |||||
| Series 2001-50, Class BA | 7.000 | 10-25-41 | 62 | 62 | |
| Government National Mortgage Association | |||||
| Series 2008-90, Class IO | 2.014 | 12-16-50 | 1,994,978 | 246,314 | |
| Series 2012-114, Class IO | 0.624 | 01-16-53 | 7,818,556 | 120,789 | |
| Series 2012-120, Class IO | 0.641 | 02-16-53 | 3,852,981 | 59,811 | |
| Series 2013-63, Class IO | 0.775 | 09-16-51 | 3,947,206 | 99,684 | |
| Series 2016-174, Class IO | 0.896 | 11-16-56 | 25,256,830 | 1,076,310 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 28 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| Series 2017-109, Class IO | 0.230 | 04-16-57 | 41,775,528 | $616,168 | |
| Series 2017-124, Class IO | 0.627 | 01-16-59 | 33,557,204 | 1,152,838 | |
| Series 2017-135, Class IO | 0.716 | 10-16-58 | 49,621,385 | 1,782,241 | |
| Series 2017-140, Class IO | 0.486 | 02-16-59 | 22,347,941 | 653,760 | |
| Series 2017-159, Class IO | 0.432 | 06-16-59 | 33,470,106 | 875,949 | |
| Series 2017-169, Class IO | 0.578 | 01-16-60 | 81,372,172 | 2,576,747 | |
| Series 2017-20, Class IO | 0.524 | 12-16-58 | 77,601,572 | 1,856,362 | |
| Series 2017-22, Class IO | 0.752 | 12-16-57 | 10,148,250 | 373,292 | |
| Series 2017-41, Class IO | 0.583 | 07-16-58 | 27,116,891 | 692,753 | |
| Series 2017-46, Class IO | 0.648 | 11-16-57 | 46,512,743 | 1,728,386 | |
| Series 2017-61, Class IO | 0.701 | 05-16-59 | 12,743,388 | 463,198 | |
| Series 2017-74, Class IO | 0.432 | 09-16-58 | 42,100,905 | 806,919 | |
| Series 2017-89, Class IO | 0.491 | 07-16-59 | 35,206,713 | 999,709 | |
| Series 2018-114, Class IO | 0.590 | 04-16-60 | 28,353,952 | 1,111,741 | |
| Series 2018-158, Class IO | 0.789 | 05-16-61 | 75,352,454 | 4,203,258 | |
| Series 2018-35, Class IO | 0.541 | 03-16-60 | 69,964,581 | 2,364,187 | |
| Series 2018-43, Class IO | 0.435 | 05-16-60 | 92,016,636 | 2,990,035 | |
| Series 2018-68, Class IO | 0.427 | 01-16-60 | 11,801,173 | 364,492 | |
| Series 2018-69, Class IO | 0.605 | 04-16-60 | 30,452,695 | 1,342,087 | |
| Series 2018-81, Class IO | 0.484 | 01-16-60 | 19,924,280 | 802,958 | |
| Series 2018-9, Class IO | 0.443 | 01-16-60 | 55,814,292 | 1,702,749 | |
| Series 2018-99, Class IO | 0.451 | 06-16-60 | 45,540,063 | 1,549,136 | |
| Series 2019-131, Class IO | 0.802 | 07-16-61 | 62,747,467 | 3,528,089 | |
| Series 2020-100, Class IO | 0.784 | 05-16-62 | 74,347,353 | 4,378,672 | |
| Series 2020-108, Class IO | 0.847 | 06-16-62 | 184,794,728 | 10,603,318 | |
| Series 2020-114, Class IO | 0.801 | 09-16-62 | 177,927,916 | 10,030,704 | |
| Series 2020-118, Class IO | 0.882 | 06-16-62 | 148,093,736 | 9,141,752 | |
| Series 2020-119, Class IO | 0.606 | 08-16-62 | 72,840,049 | 3,395,300 | |
| Series 2020-120, Class IO | 0.769 | 05-16-62 | 40,703,127 | 2,368,979 | |
| Series 2020-137, Class IO | 0.796 | 09-16-62 | 251,272,344 | 14,358,028 | |
| Series 2020-150, Class IO | 0.963 | 12-16-62 | 121,673,953 | 7,915,913 | |
| Series 2020-170, Class IO | 0.834 | 11-16-62 | 164,215,586 | 10,402,171 | |
| Series 2020-92, Class IO | 0.879 | 02-16-62 | 30,651,883 | 1,842,003 | |
| Series 2021-110, Class IO | 0.873 | 11-16-63 | 96,995,989 | 6,400,455 | |
| Series 2021-163, Class IO | 0.801 | 03-16-64 | 117,758,131 | 6,813,250 | |
| Series 2021-183, Class IO | 0.871 | 01-16-63 | 89,166,246 | 5,300,389 | |
| Series 2021-3, Class IO | 0.868 | 09-16-62 | 209,893,602 | 13,274,616 | |
| Series 2021-40, Class IO | 0.821 | 02-16-63 | 55,330,204 | 3,370,362 | |
| Series 2022-150, Class IO | 0.822 | 06-16-64 | 22,107,102 | 1,336,206 | |
| Series 2022-17, Class IO | 0.802 | 06-16-64 | 137,294,425 | 8,244,077 | |
| Series 2022-181, Class IO | 0.717 | 07-16-64 | 68,367,782 | 4,399,822 | |
| Series 2022-21, Class IO | 0.784 | 10-16-63 | 60,557,482 | 3,603,455 | |
| Series 2022-53, Class IO | 0.710 | 06-16-64 | 226,147,002 | 10,999,021 | |
| Series 2022-57, Class IO | 0.756 | 09-16-63 | 166,732,290 | 9,393,464 | |
| 29 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| U.S. Government Agency (continued) | |||||
| Series 2023-177, Class IO | 0.859 | 06-16-65 | 169,188,132 | $11,181,035 | |
| Series 2023-197, Class IO | 1.318 | 09-16-65 | 51,195,091 | 4,538,573 | |
| Series 2023-30, Class IO | 1.146 | 11-16-64 | 97,059,556 | 6,935,497 | |
| Series 2023-36, Class IO | 0.935 | 10-16-64 | 155,030,580 | 10,426,241 | |
| Series 2023-62, Class IO | 0.937 | 02-16-65 | 122,303,164 | 8,272,085 | |
| Series 2023-91, Class IO | 0.875 | 04-16-65 | 141,859,591 | 10,432,397 | |
| Asset backed securities 5.4% | $1,310,301,206 | ||||
| (Cost $1,397,976,693) | |||||
| Asset backed securities 5.4% | 1,310,301,206 | ||||
| ABPCI Direct Lending Fund I, Ltd. | |||||
| Series 2020-1A, Class A (B) | 3.199 | 12-20-30 | 7,516,360 | 7,289,200 | |
| AIMCO CLO, Ltd. | |||||
| Series 2019-10A, Class ARR (3 month CME Term SOFR + 1.410%) (A)(B) | 6.753 | 07-22-37 | 6,725,000 | 6,728,584 | |
| Aligned Data Centers Issuer LLC | |||||
| Series 2021-1A, Class A2 (B) | 1.937 | 08-15-46 | 21,240,000 | 19,438,436 | |
| Series 2023-2A, Class A2 (B) | 6.500 | 11-16-48 | 16,000,000 | 16,170,107 | |
| APIDOS CLO XLVIII, Ltd. | |||||
| Series 2024-48A, Class A1 (3 month CME Term SOFR + 1.440%) (A)(B) | 6.783 | 07-25-37 | 15,127,000 | 15,135,048 | |
| Applebee’s Funding LLC | |||||
| Series 2023-1A, Class A2 (B) | 7.824 | 03-05-53 | 11,104,000 | 11,465,412 | |
| Aqua Finance Trust | |||||
| Series 2021-A, Class A (B) | 1.540 | 07-17-46 | 7,078,664 | 6,336,063 | |
| Arby’s Funding LLC | |||||
| Series 2020-1A, Class A2 (B) | 3.237 | 07-30-50 | 33,483,450 | 30,945,066 | |
| Bain Capital Credit CLO, Ltd. | |||||
| Series 2024-2A, Class A1 (3 month CME Term SOFR + 1.520%) (A)(B) | 6.846 | 07-15-37 | 14,037,000 | 14,201,935 | |
| Ballyrock CLO, Ltd. | |||||
| Series 2024-26A, Class A1A (3 month CME Term SOFR + 1.510%) (A)(B) | 6.853 | 07-25-37 | 11,208,000 | 11,215,767 | |
| Battalion CLO XXV, Ltd. | |||||
| Series 2024-25A, Class A (3 month CME Term SOFR + 1.630%) (A)(B) | 6.902 | 03-13-37 | 9,709,000 | 9,782,099 | |
| BRE Grand Islander Timeshare Issuer LLC | |||||
| Series 2019-A, Class A (B) | 3.280 | 09-26-33 | 5,362,802 | 5,151,824 | |
| CARS-DB4 LP | |||||
| Series 2020-1A, Class B1 (B) | 4.170 | 02-15-50 | 21,876,000 | 21,305,555 | |
| CF Hippolyta Issuer LLC | |||||
| Series 2020-1, Class A1 (B) | 1.690 | 07-15-60 | 32,673,044 | 30,822,495 | |
| Series 2021-1A, Class A1 (B) | 1.530 | 03-15-61 | 31,424,971 | 28,621,119 | |
| CLI Funding VI LLC | |||||
| Series 2020-1A, Class A (B) | 2.080 | 09-18-45 | 30,788,705 | 27,567,680 | |
| CLI Funding VIII LLC | |||||
| Series 2021-1A, Class A (B) | 1.640 | 02-18-46 | 23,221,314 | 20,506,389 | |
| Series 2022-1A, Class A (B) | 2.720 | 01-18-47 | 20,896,631 | 18,466,737 | |
| Compass Datacenters Issuer II LLC | |||||
| Series 2024-1A, Class A1 (B) | 5.250 | 02-25-49 | 16,162,000 | 15,824,022 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 30 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Asset backed securities (continued) | |||||
| ContiMortgage Home Equity Loan Trust | |||||
| Series 1995-2, Class A5 | 8.100 | 08-15-25 | 67,953 | $31,178 | |
| CyrusOne Data Centers Issuer I LLC | |||||
| Series 2023-1A, Class A2 (B) | 4.300 | 04-20-48 | 27,314,000 | 25,439,467 | |
| Series 2024-2A, Class A2 (B) | 4.500 | 05-20-49 | 25,617,000 | 23,583,213 | |
| DataBank Issuer | |||||
| Series 2021-1A, Class A2 (B) | 2.060 | 02-27-51 | 16,189,140 | 14,927,818 | |
| Series 2021-1A, Class C (B) | 4.430 | 02-27-51 | 3,400,000 | 3,073,375 | |
| DB Master Finance LLC | |||||
| Series 2017-1A, Class A2II (B) | 4.030 | 11-20-47 | 14,430,938 | 13,619,877 | |
| Series 2021-1A, Class A2I (B) | 2.045 | 11-20-51 | 52,223,925 | 47,726,265 | |
| Diamond Infrastructure Funding LLC | |||||
| Series 2021-1A, Class C (B) | 3.475 | 04-15-49 | 6,825,000 | 6,107,771 | |
| Domino’s Pizza Master Issuer LLC | |||||
| Series 2017-1A, Class A23 (B) | 4.118 | 07-25-47 | 36,042,420 | 34,265,269 | |
| Series 2021-1A, Class A2I (B) | 2.662 | 04-25-51 | 24,023,668 | 21,172,121 | |
| Driven Brands Funding LLC | |||||
| Series 2020-2A, Class A2 (B) | 3.237 | 01-20-51 | 21,615,885 | 19,491,763 | |
| Series 2021-1A, Class A2 (B) | 2.791 | 10-20-51 | 30,147,975 | 26,182,187 | |
| Elmwood CLO IV, Ltd. | |||||
| Series 2020-1A, Class AR (3 month CME Term SOFR + 1.460%) (A)(B) | 6.783 | 04-18-37 | 16,688,000 | 16,783,255 | |
| ExteNet LLC | |||||
| Series 2019-1A, Class C (B) | 5.219 | 07-25-49 | 7,100,000 | 7,063,013 | |
| FirstKey Homes Trust | |||||
| Series 2021-SFR1, Class D (B) | 2.189 | 08-17-38 | 23,526,000 | 21,489,324 | |
| Five Guys Holdings, Inc. | |||||
| Series 2023-1A, Class A2 (B) | 7.549 | 01-26-54 | 19,190,000 | 19,789,918 | |
| Ford Credit Auto Owner Trust | |||||
| Series 2023-2, Class A (B) | 5.280 | 02-15-36 | 31,128,000 | 31,226,766 | |
| GM Financial Revolving Receivables Trust | |||||
| Series 2024-1, Class A (B) | 4.980 | 12-11-36 | 13,109,000 | 12,993,466 | |
| GoldenTree Loan Management US CLO, Ltd. | |||||
| Series 2024-20A, Class A (3 month CME Term SOFR + 1.450%) (A)(B) | 6.783 | 07-20-37 | 9,917,000 | 9,923,823 | |
| Golub Capital Partners Funding, Ltd. | |||||
| Series 2020-1A, Class A2 (B) | 3.208 | 01-22-29 | 11,794,801 | 11,287,341 | |
| Series 2021-1A, Class A2 (B) | 2.773 | 04-20-29 | 21,213,619 | 20,124,219 | |
| HI-FI Music IP Issuer LP | |||||
| Series 2022-1A, Class A2 (B) | 3.939 | 02-01-62 | 25,251,000 | 23,659,192 | |
| Hilton Grand Vacations Trust | |||||
| Series 2022-1D, Class B (B) | 4.100 | 06-20-34 | 1,522,183 | 1,464,538 | |
| Hotwire Funding LLC | |||||
| Series 2021-1, Class C (B) | 4.459 | 11-20-51 | 4,950,000 | 4,455,564 | |
| Series 2024-1A, Class A2 (B) | 5.893 | 06-20-54 | 5,444,000 | 5,453,902 | |
| Jack in the Box Funding LLC | |||||
| Series 2022-1A, Class A2I (B) | 3.445 | 02-26-52 | 7,701,120 | 7,128,769 | |
| 31 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Asset backed securities (continued) | |||||
| Magnetite XL, Ltd. | |||||
| Series 2024-40A, Class A1 (3 month CME Term SOFR + 1.450%) (A)(B) | 6.793 | 07-15-37 | 15,840,000 | $15,851,040 | |
| MetroNet Infrastructure Issuer LLC | |||||
| Series 2023-1A, Class A2 (B) | 6.560 | 04-20-53 | 15,842,000 | 16,118,875 | |
| Navient Student Loan Trust | |||||
| Series 2020-2A, Class A1A (B) | 1.320 | 08-26-69 | 13,285,084 | 11,634,468 | |
| Neighborly Issuer LLC | |||||
| Series 2021-1A, Class A2 (B) | 3.584 | 04-30-51 | 45,434,432 | 40,472,120 | |
| Series 2022-1A, Class A2 (B) | 3.695 | 01-30-52 | 18,165,860 | 15,908,416 | |
| New Economy Assets Phase 1 Sponsor LLC | |||||
| Series 2021-1, Class A1 (B) | 1.910 | 10-20-61 | 41,424,000 | 36,668,546 | |
| Series 2021-1, Class B1 (B) | 2.410 | 10-20-61 | 12,840,000 | 10,948,591 | |
| NRZ Excess Spread-Collateralized Notes | |||||
| Series 2021-FHT1, Class A (B) | 3.104 | 07-25-26 | 2,914,690 | 2,732,325 | |
| OHA Credit Partners XI, Ltd. | |||||
| Series 2015-11A, Class A1R2 (3 month CME Term SOFR + 1.460%) (A)(B) | 6.783 | 04-20-37 | 12,112,000 | 12,114,071 | |
| Palmer Square CLO, Ltd. | |||||
| Series 2024-2A, Class A1 (3 month CME Term SOFR + 1.400%) (A)(B) | 6.743 | 07-20-37 | 12,200,000 | 12,200,000 | |
| Progress Residential Trust | |||||
| Series 2021-SFR8, Class B (B) | 1.681 | 10-17-38 | 13,890,000 | 12,589,232 | |
| Renaissance Home Equity Loan Trust | |||||
| Series 2005-2, Class AF4 | 5.434 | 08-25-35 | 1,233,129 | 1,223,289 | |
| Retained Vantage Data Centers Issuer LLC | |||||
| Series 2023-1A, Class A2A (B) | 5.000 | 09-15-48 | 26,639,000 | 25,607,549 | |
| SCF Equipment Leasing LLC | |||||
| Series 2021-1A, Class E (B) | 3.560 | 08-20-32 | 3,300,000 | 3,131,659 | |
| SERVPRO Master Issuer LLC | |||||
| Series 2024-1A, Class A2 (B) | 6.174 | 01-25-54 | 10,831,853 | 10,842,388 | |
| Sesac Finance LLC | |||||
| Series 2019-1, Class A2 (B) | 5.216 | 07-25-49 | 29,815,155 | 28,900,271 | |
| Sierra Timeshare Receivables Funding LLC | |||||
| Series 2021-1A, Class D (B) | 3.170 | 11-20-37 | 1,112,503 | 1,051,560 | |
| SMB Private Education Loan Trust | |||||
| Series 2021-A, Class APT2 (B) | 1.070 | 01-15-53 | 9,361,581 | 8,222,397 | |
| Series 2024-A, Class A1A (B) | 5.240 | 03-15-56 | 21,143,620 | 20,933,617 | |
| Sonic Capital LLC | |||||
| Series 2020-1A, Class A2I (B) | 3.845 | 01-20-50 | 26,658,363 | 25,159,851 | |
| Series 2021-1A, Class A2I (B) | 2.190 | 08-20-51 | 22,423,653 | 19,240,046 | |
| Subway Funding LLC | |||||
| Series 2024-1A, Class A2I (B) | 6.028 | 07-30-54 | 11,923,000 | 11,923,000 | |
| Series 2024-1A, Class A2II (B) | 6.268 | 07-30-54 | 10,682,000 | 10,682,000 | |
| Sunbird Engine Finance LLC | |||||
| Series 2020-1A, Class A (B) | 3.671 | 02-15-45 | 6,918,155 | 6,295,728 | |
| Taco Bell Funding LLC | |||||
| Series 2021-1A, Class A2I (B) | 1.946 | 08-25-51 | 44,509,215 | 40,067,164 | |
| TIF Funding II LLC | |||||
| Series 2021-1A, Class A (B) | 1.650 | 02-20-46 | 16,089,150 | 13,891,078 | |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 32 |
| Rate (%) | Maturity date | Par value^ | Value | ||
| Asset backed securities (continued) | |||||
| Triton Container Finance VIII LLC | |||||
| Series 2020-1A, Class A (B) | 2.110 | 09-20-45 | 34,696,818 | $30,872,150 | |
| Series 2021-1A, Class A (B) | 1.860 | 03-20-46 | 20,781,977 | 18,155,600 | |
| Vantage Data Centers LLC | |||||
| Series 2020-1A, Class A2 (B) | 1.645 | 09-15-45 | 17,149,000 | 16,144,379 | |
| Series 2020-2A, Class A2 (B) | 1.992 | 09-15-45 | 20,898,000 | 18,389,130 | |
| VR Funding LLC | |||||
| Series 2020-1A, Class A (B) | 2.790 | 11-15-50 | 20,724,699 | 18,504,327 | |
| Wendy’s Funding LLC | |||||
| Series 2021-1A, Class A2I (B) | 2.370 | 06-15-51 | 28,064,003 | 24,234,305 | |
| Willis Engine Structured Trust V | |||||
| Series 2020-A, Class A (B) | 3.228 | 03-15-45 | 6,572,673 | 6,014,916 | |
| Zaxby’s Funding LLC | |||||
| Series 2021-1A, Class A2 (B) | 3.238 | 07-30-51 | 20,640,340 | 18,140,186 | |
| Shares | Value | ||||
| Common stocks 0.0% | $2,029,941 | ||||
| (Cost $17,499,516) | |||||
| Energy 0.0% | 2,029,941 | ||||
| Oil, gas and consumable fuels 0.0% | |||||
| Altera Infrastructure LP (G) | 75,183 | 2,029,941 | |||
| Preferred securities 0.0% | $12,146,647 | ||||
| (Cost $14,443,341) | |||||
| Communication services 0.0% | 9,654,284 | ||||
| Wireless telecommunication services 0.0% | |||||
| Telephone & Data Systems, Inc., 6.625% | 468,200 | 9,654,284 | |||
| Financials 0.0% | 2,492,363 | ||||
| Banks 0.0% | |||||
| Wells Fargo & Company, 7.500% | 2,139 | 2,492,363 | |||
| Yield (%) | Shares | Value | |||
| Short-term investments 0.7% | $172,900,346 | ||||
| (Cost $172,890,439) | |||||
| Short-term funds 0.7% | 172,900,346 | ||||
| John Hancock Collateral Trust (H) | 5.2280(I) | 17,295,742 | 172,900,346 | ||
| Total investments (Cost $25,952,566,773) 99.8% | $24,345,922,212 | ||||
| Other assets and liabilities, net 0.2% | 41,255,161 | ||||
| Total net assets 100.0% | $24,387,177,373 | ||||
| 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. |
| 33 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
| Security Abbreviations and Legend | |
| CME | CME Group Published Rates |
| CMT | Constant Maturity Treasury |
| IBOR | Interbank Offered Rate |
| IO | Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period. |
| SOFR | Secured Overnight Financing Rate |
| (A) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
| (B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $4,920,141,043 or 20.2% of the fund’s net assets as of 5-31-24. |
| (C) | All or a portion of this security is on loan as of 5-31-24. |
| (D) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (E) | Term loans are variable rate obligations. The rate shown represents the rate at period end. |
| (F) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
| (G) | Non-income producing security. |
| (H) | Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending. Market value of this investment amounted to $61,788,832. |
| (I) | The rate shown is the annualized seven-day yield as of 5-31-24. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK BOND FUND | 34 |
DERIVATIVES
FUTURES
| Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
| 10-Year U.S. Treasury Note Futures | 1,532 | Long | Sep 2024 | $167,014,803 | $166,676,813 | $(337,990) |
| $(337,990) |
^ Notional basis refers to the
contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.
At 5-31-24, the aggregate cost of
investments for federal income tax purposes was $26,019,749,448. Net unrealized depreciation aggregated to $1,674,165,226, of which $80,975,985 related to gross unrealized appreciation and $1,755,141,211 related to
gross unrealized depreciation.
See Notes to financial statements
regarding investment transactions and other derivatives information.
| 35 | JOHN HANCOCK BOND FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
Financial statements
STATEMENT OF ASSETS AND
LIABILITIES 5-31-24
| Assets | |
| Unaffiliated investments, at value (Cost $25,779,676,334) including $60,506,355 of securities loaned | $24,173,021,866 |
| Affiliated investments, at value (Cost $172,890,439) | 172,900,346 |
| Total investments, at value (Cost $25,952,566,773) | 24,345,922,212 |
| Receivable for futures variation margin | 382,972 |
| Cash | 752,021 |
| Collateral held at broker for futures contracts | 5,450,000 |
| Dividends and interest receivable | 178,372,541 |
| Receivable for fund shares sold | 33,786,676 |
| Receivable for securities lending income | 38,886 |
| Other assets | 1,662,355 |
| Total assets | 24,566,367,663 |
| Liabilities | |
| Distributions payable | 1,632,669 |
| Payable for investments purchased | 77,741,304 |
| Payable for fund shares repurchased | 34,551,235 |
| Payable upon return of securities loaned | 61,803,225 |
| Payable to affiliates | |
| Accounting and legal services fees | 1,142,674 |
| Transfer agent fees | 840,666 |
| Distribution and service fees | 91,475 |
| Trustees’ fees | 21,833 |
| Other liabilities and accrued expenses | 1,365,209 |
| Total liabilities | 179,190,290 |
| Net assets | $24,387,177,373 |
| Net assets consist of | |
| Paid-in capital | $28,746,582,904 |
| Total distributable earnings (loss) | (4,359,405,531) |
| Net assets | $24,387,177,373 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Bond Fund | 36 |
STATEMENT OF ASSETS AND LIABILITIES (continued)
| Net asset value per share | |
| Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
| Class A ($1,864,767,920 ÷ 140,914,804 shares)1 | $13.23 |
| Class C ($89,469,320 ÷ 6,760,838 shares)1 | $13.23 |
| Class I ($6,218,054,315 ÷ 469,829,871 shares) | $13.23 |
| Class R2 ($58,846,278 ÷ 4,441,346 shares) | $13.25 |
| Class R4 ($20,489,525 ÷ 1,546,019 shares) | $13.25 |
| Class R6 ($12,063,493,226 ÷ 909,890,235 shares) | $13.26 |
| Class NAV ($4,072,056,789 ÷ 307,269,862 shares) | $13.25 |
| Maximum offering price per share | |
| Class A (net asset value per share ÷ 96%)2 | $13.78 |
| 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 $100,000. On sales of $100,000 or more and on group sales the offering price is reduced. |
| 37 | JOHN HANCOCK Bond Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENT OF OPERATIONS For the year ended 5-31-24
| Investment income | |
| Interest | $1,034,203,738 |
| Dividends from affiliated investments | 18,439,228 |
| Dividends | 2,513,990 |
| Securities lending | 618,230 |
| Less foreign taxes withheld | (190,562) |
| Total investment income | 1,055,584,624 |
| Expenses | |
| Investment management fees | 70,752,081 |
| Distribution and service fees | 6,831,727 |
| Accounting and legal services fees | 4,708,364 |
| Transfer agent fees | 9,724,717 |
| Trustees’ fees | 517,198 |
| Custodian fees | 2,498,351 |
| State registration fees | 567,217 |
| Printing and postage | 1,353,598 |
| Professional fees | 708,497 |
| Other | 764,685 |
| Total expenses | 98,426,435 |
| Less expense reductions | (1,905,478) |
| Net expenses | 96,520,957 |
| Net investment income | 959,063,667 |
| Realized and unrealized gain (loss) | |
| Net realized gain (loss) on | |
| Unaffiliated investments | (624,879,206) |
| Affiliated investments | 73,816 |
| Futures contracts | (26,907,825) |
| (651,713,215) | |
| Change in net unrealized appreciation (depreciation) of | |
| Unaffiliated investments | 306,521,272 |
| Affiliated investments | (2,793) |
| Futures contracts | (1,347,047) |
| 305,171,432 | |
| Net realized and unrealized loss | (346,541,783) |
| Increase in net assets from operations | $612,521,884 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Bond Fund | 38 |
STATEMENTS OF CHANGES IN NET
ASSETS
| Year ended 5-31-24 | Year ended 5-31-23 | |
| Increase (decrease) in net assets | ||
| From operations | ||
| Net investment income | $959,063,667 | $767,296,550 |
| Net realized loss | (651,713,215) | (1,172,649,242) |
| Change in net unrealized appreciation (depreciation) | 305,171,432 | (148,493,507) |
| Increase (decrease) in net assets resulting from operations | 612,521,884 | (553,846,199) |
| Distributions to shareholders | ||
| From earnings | ||
| Class A | (72,968,987) | (63,757,412) |
| Class C | (3,331,515) | (3,905,382) |
| Class I | (257,593,857) | (201,997,085) |
| Class R2 | (2,405,973) | (2,028,089) |
| Class R4 | (1,511,239) | (2,273,252) |
| Class R6 | (496,437,014) | (408,347,290) |
| Class NAV | (163,021,881) | (141,883,232) |
| Total distributions | (997,270,466) | (824,191,742) |
| From fund share transactions | 3,091,077,804 | 1,187,915,822 |
| Total increase (decrease) | 2,706,329,222 | (190,122,119) |
| Net assets | ||
| Beginning of year | 21,680,848,151 | 21,870,970,270 |
| End of year | $24,387,177,373 | $21,680,848,151 |
| 39 | JOHN HANCOCK Bond Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
Financial highlights
| CLASS A SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.46 | $14.34 | $16.32 | $16.37 | $15.83 |
| Net investment income1 | 0.51 | 0.46 | 0.41 | 0.44 | 0.45 |
| Net realized and unrealized gain (loss) on investments | (0.20) | (0.85) | (1.82) | 0.19 | 0.68 |
| Total from investment operations | 0.31 | (0.39) | (1.41) | 0.63 | 1.13 |
| Less distributions | |||||
| From net investment income | (0.54) | (0.49) | (0.48) | (0.50) | (0.49) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.54) | (0.49) | (0.57) | (0.68) | (0.59) |
| Net asset value, end of period | $13.23 | $13.46 | $14.34 | $16.32 | $16.37 |
| Total return (%)2,3 | 2.35 | (2.66) | (8.89) | 3.83 | 7.22 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $1,865 | $1,756 | $1,903 | $2,139 | $2,100 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 0.78 | 0.78 | 0.76 | 0.78 | 0.79 |
| Expenses including reductions | 0.77 | 0.77 | 0.76 | 0.77 | 0.78 |
| Net investment income | 3.88 | 3.35 | 2.56 | 2.65 | 2.82 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 3 | Does not reflect the effect of sales charges, if any. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Bond Fund | 40 |
| CLASS C SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.46 | $14.34 | $16.32 | $16.37 | $15.84 |
| Net investment income1 | 0.42 | 0.36 | 0.29 | 0.32 | 0.34 |
| Net realized and unrealized gain (loss) on investments | (0.21) | (0.84) | (1.81) | 0.19 | 0.66 |
| Total from investment operations | 0.21 | (0.48) | (1.52) | 0.51 | 1.00 |
| Less distributions | |||||
| From net investment income | (0.44) | (0.40) | (0.37) | (0.38) | (0.37) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.44) | (0.40) | (0.46) | (0.56) | (0.47) |
| Net asset value, end of period | $13.23 | $13.46 | $14.34 | $16.32 | $16.37 |
| Total return (%)2,3 | 1.63 | (3.34) | (9.53) | 3.10 | 6.41 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $89 | $115 | $164 | $239 | $278 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 1.48 | 1.48 | 1.46 | 1.48 | 1.49 |
| Expenses including reductions | 1.47 | 1.47 | 1.46 | 1.47 | 1.48 |
| Net investment income | 3.17 | 2.63 | 1.85 | 1.94 | 2.11 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 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. |
| 41 | JOHN HANCOCK Bond Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS I SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.46 | $14.35 | $16.33 | $16.37 | $15.84 |
| Net investment income1 | 0.55 | 0.50 | 0.45 | 0.49 | 0.50 |
| Net realized and unrealized gain (loss) on investments | (0.21) | (0.86) | (1.81) | 0.20 | 0.67 |
| Total from investment operations | 0.34 | (0.36) | (1.36) | 0.69 | 1.17 |
| Less distributions | |||||
| From net investment income | (0.57) | (0.53) | (0.53) | (0.55) | (0.54) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.57) | (0.53) | (0.62) | (0.73) | (0.64) |
| Net asset value, end of period | $13.23 | $13.46 | $14.35 | $16.33 | $16.37 |
| Total return (%)2 | 2.65 | (2.44) | (8.61) | 4.20 | 7.47 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $6,218 | $5,678 | $5,375 | $6,244 | $4,693 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 0.48 | 0.48 | 0.46 | 0.48 | 0.49 |
| Expenses including reductions | 0.47 | 0.47 | 0.46 | 0.47 | 0.48 |
| Net investment income | 4.17 | 3.65 | 2.86 | 2.95 | 3.11 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 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 | | JOHN HANCOCK Bond Fund | 42 |
| CLASS R2 SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.47 | $14.36 | $16.34 | $16.39 | $15.85 |
| Net investment income1 | 0.50 | 0.45 | 0.39 | 0.43 | 0.44 |
| Net realized and unrealized gain (loss) on investments | (0.20) | (0.86) | (1.81) | 0.18 | 0.67 |
| Total from investment operations | 0.30 | (0.41) | (1.42) | 0.61 | 1.11 |
| Less distributions | |||||
| From net investment income | (0.52) | (0.48) | (0.47) | (0.48) | (0.47) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.52) | (0.48) | (0.56) | (0.66) | (0.57) |
| Net asset value, end of period | $13.25 | $13.47 | $14.36 | $16.34 | $16.39 |
| Total return (%)2 | 2.34 | (2.81) | (8.96) | 3.73 | 7.12 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $59 | $61 | $65 | $111 | $105 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 0.86 | 0.86 | 0.86 | 0.87 | 0.87 |
| Expenses including reductions | 0.86 | 0.85 | 0.85 | 0.86 | 0.87 |
| Net investment income | 3.79 | 3.27 | 2.44 | 2.56 | 2.73 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 43 | JOHN HANCOCK Bond Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS R4 SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.47 | $14.37 | $16.35 | $16.39 | $15.86 |
| Net investment income1 | 0.54 | 0.47 | 0.44 | 0.47 | 0.48 |
| Net realized and unrealized gain (loss) on investments | (0.20) | (0.85) | (1.82) | 0.19 | 0.66 |
| Total from investment operations | 0.34 | (0.38) | (1.38) | 0.66 | 1.14 |
| Less distributions | |||||
| From net investment income | (0.56) | (0.52) | (0.51) | (0.52) | (0.51) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.56) | (0.52) | (0.60) | (0.70) | (0.61) |
| Net asset value, end of period | $13.25 | $13.47 | $14.37 | $16.35 | $16.39 |
| Total return (%)2 | 2.59 | (2.64) | (8.72) | 4.05 | 7.32 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $20 | $40 | $81 | $62 | $55 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 0.71 | 0.72 | 0.71 | 0.72 | 0.72 |
| Expenses including reductions | 0.61 | 0.61 | 0.60 | 0.61 | 0.62 |
| Net investment income | 4.03 | 3.45 | 2.76 | 2.81 | 2.99 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 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 | | JOHN HANCOCK Bond Fund | 44 |
| CLASS R6 SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.48 | $14.37 | $16.35 | $16.40 | $15.86 |
| Net investment income1 | 0.57 | 0.51 | 0.47 | 0.51 | 0.52 |
| Net realized and unrealized gain (loss) on investments | (0.20) | (0.85) | (1.81) | 0.19 | 0.67 |
| Total from investment operations | 0.37 | (0.34) | (1.34) | 0.70 | 1.19 |
| Less distributions | |||||
| From net investment income | (0.59) | (0.55) | (0.55) | (0.57) | (0.55) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.59) | (0.55) | (0.64) | (0.75) | (0.65) |
| Net asset value, end of period | $13.26 | $13.48 | $14.37 | $16.35 | $16.40 |
| Total return (%)2 | 2.85 | (2.32) | (8.50) | 4.25 | 7.65 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $12,063 | $10,573 | $10,523 | $10,341 | $7,305 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 0.37 | 0.37 | 0.36 | 0.37 | 0.37 |
| Expenses including reductions | 0.36 | 0.36 | 0.35 | 0.36 | 0.37 |
| Net investment income | 4.29 | 3.76 | 2.97 | 3.05 | 3.22 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 1 | Based on average daily shares outstanding. |
| 2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 45 | JOHN HANCOCK Bond Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| CLASS NAV SHARES Period ended | 5-31-24 | 5-31-23 | 5-31-22 | 5-31-21 | 5-31-20 |
| Per share operating performance | |||||
| Net asset value, beginning of period | $13.47 | $14.37 | $16.35 | $16.39 | $15.86 |
| Net investment income1 | 0.57 | 0.51 | 0.47 | 0.51 | 0.52 |
| Net realized and unrealized gain (loss) on investments | (0.20) | (0.86) | (1.81) | 0.20 | 0.67 |
| Total from investment operations | 0.37 | (0.35) | (1.34) | 0.71 | 1.19 |
| Less distributions | |||||
| From net investment income | (0.59) | (0.55) | (0.55) | (0.57) | (0.56) |
| From net realized gain | — | — | (0.09) | (0.18) | (0.10) |
| Total distributions | (0.59) | (0.55) | (0.64) | (0.75) | (0.66) |
| Net asset value, end of period | $13.25 | $13.47 | $14.37 | $16.35 | $16.39 |
| Total return (%)2 | 2.85 | (2.38) | (8.49) | 4.32 | 7.60 |
| Ratios and supplemental data | |||||
| Net assets, end of period (in millions) | $4,072 | $3,458 | $3,759 | $4,458 | $3,739 |
| Ratios (as a percentage of average net assets): | |||||
| Expenses before reductions | 0.36 | 0.36 | 0.35 | 0.36 | 0.36 |
| Expenses including reductions | 0.35 | 0.35 | 0.34 | 0.35 | 0.35 |
| Net investment income | 4.30 | 3.77 | 2.98 | 3.07 | 3.23 |
| Portfolio turnover (%) | 133 | 108 | 110 | 98 | 125 |
| 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 | | JOHN HANCOCK Bond Fund | 46 |
Notes to financial statements
Note 1—Organization
John Hancock Bond Fund (the fund) is
a series of John Hancock Sovereign Bond Fund (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 a high level of current income consistent with prudent investment risk.
The fund may offer multiple classes
of shares. The shares currently outstanding are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class I shares are offered to institutions and certain
investors. Class R2 and Class R4 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class NAV shares
are offered to John Hancock affiliated funds of funds, retirement plans for employees of John Hancock and/or Manulife Financial Corporation, and certain 529 plans. Class C shares convert to Class A shares 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
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 order to value the securities,
the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which
takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker
supplied prices. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades.
In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John
Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Futures contracts whose settlement prices are determined as of the close of the NYSE are typically valued based on the
settlement price while other futures contracts are typically valued at the last traded price on the exchange on which they trade.
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.
| 47 | JOHN HANCOCK Bond Fund | |
Other portfolio securities and
assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the
Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready
market for such securities existed.
The fund uses a three tier hierarchy
to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities,
including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment
speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities
valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in
determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the
risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the
values by input classification of the fund’s investments as of May 31, 2024, by major security category or type:
| Total value at 5-31-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Investments in securities: | ||||
| Assets | ||||
| U.S. Government and Agency obligations | $12,982,268,581 | — | $12,982,268,581 | — |
| Corporate bonds | 8,995,154,890 | — | 8,995,154,890 | — |
| Municipal bonds | 24,342,259 | — | 24,342,259 | — |
| Term loans | 8,553,295 | — | 8,553,295 | — |
| Collateralized mortgage obligations | 838,225,047 | — | 838,225,047 | — |
| Asset backed securities | 1,310,301,206 | — | 1,310,301,206 | — |
| Common stocks | 2,029,941 | — | 2,029,941 | — |
| Preferred securities | 12,146,647 | $12,146,647 | — | — |
| Short-term investments | 172,900,346 | 172,900,346 | — | — |
| Total investments in securities | $24,345,922,212 | $185,046,993 | $24,160,875,219 | — |
| Derivatives: | ||||
| Liabilities | ||||
| Futures | $(337,990) | $(337,990) | — | — |
Mortgage and asset backed
securities. The fund may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools
of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities.
Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their
debt before
| | JOHN HANCOCK Bond Fund | 48 |
its stated maturity. This may result in the fund
having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in
which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities. The timely payment of
principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including
government-sponsored corporations (e.g., FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the
insurance policies or guarantee arrangements. The fund is also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized
mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including
real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.
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.
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.
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.
| 49 | JOHN HANCOCK Bond Fund | |
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 May 31, 2024, the fund loaned securities valued at
$60,506,355 and received $61,803,225 of cash collateral.
Foreign taxes. The fund may be subject to withholding tax on income, capital gains or repatriations imposed by certain countries, a portion of which may be recoverable. Foreign taxes are accrued based
upon the fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued based on gains realized by the fund as a result of certain foreign security
sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Investment income is recorded net of foreign withholding taxes.
Overdraft. The fund may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities.
Pursuant to the fund’s custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related
costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent
permitted by law.
Line of credit. 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 May 31, 2024, the fund had no borrowings
under the line of credit. Commitment fees for the year ended May 31, 2024 were $75,632.
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 May 31, 2024, the fund has a short-term capital loss carryforward of $1,497,572,288 and a long-term capital loss carryforward of $1,195,557,462 available to offset future net realized capital gains. These
carryforwards do not expire.
As of May 31, 2024, 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 dividends daily and pays them monthly.
Capital gain distributions, if any, are typically distributed annually.
| | JOHN HANCOCK Bond Fund | 50 |
The tax character of distributions
for the years ended May 31, 2024 and 2023 was as follows:
| May 31, 2024 | May 31, 2023 | |
| Ordinary income | $997,270,466 | $824,191,742 |
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 May 31,
2024, the components of distributable earnings on a tax basis consisted of $9,522,114 of undistributed ordinary income.
Such distributions and distributable
earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund’s
financial statements as a return of capital.
Capital accounts within the
financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent
period. Book-tax differences are primarily attributable to amortization and accretion on debt securities.
Note 3—Derivative instruments
The fund may invest in derivatives
in order to meet its investment objective. Derivatives include a variety of different instruments that may be traded in the over-the-counter (OTC) market, on a regulated exchange or through a clearing facility. The
risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty
or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other
referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor
its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.
Certain derivatives are traded or
cleared on an exchange or central clearinghouse. Exchange-traded or centrally-cleared transactions generally present less counterparty risk to a fund than OTC transactions. The exchange or clearinghouse stands between
the fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange or clearinghouse and the clearing member.
Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Futures are traded on an exchange and
cleared through a central clearinghouse. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to
movements in the underlying financial instrument and potential losses in excess of the amounts recognized on the Statement of assets and liabilities. Use of long futures contracts subjects the fund to the risk of loss
up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.
Upon entering into a futures
contract, the fund is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is set by the broker and is generally based on a percentage of the contract
value. The margin deposit must then be maintained at the established level over the life of the contract. Cash that has been pledged by the fund, if any, is detailed in the Statement of assets and liabilities as
Collateral held at broker for futures contracts. Securities pledged by the fund, if any, are identified in the Fund’s investments. Subsequent payments, referred to as variation margin, are made or received by
the fund periodically and are based on changes in the market value of open futures contracts. Futures contracts are marked-to-market daily and unrealized gain or loss is recorded by the fund. Receivable for futures
variation margin is included on the Statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time
it was opened and the value at the time it was closed.
| 51 | JOHN HANCOCK Bond Fund | |
During the year ended May 31, 2024,
the fund used futures contracts to manage the duration of the fund. The fund held futures contracts with USD notional values ranging from $40.0 million to $343.4 million, as measured at each quarter
end.
Fair value of derivative instruments
by risk category
The table below summarizes the fair
value of derivatives held by the fund at May 31, 2024 by risk category:
| Risk | Statement of assets and liabilities location | Financial instruments location | Assets derivatives fair value | Liabilities derivatives fair value |
| Interest rate | Receivable/payable for futures variation margin1 | Futures | — | $(337,990) |
| 1 | Reflects cumulative appreciation/depreciation on open futures as disclosed in the Derivatives section of Fund’s investments. Only the year end variation margin receivable/payable is separately reported on the Statement of assets and liabilities. |
Effect of derivative instruments on
the Statement of operations
The table below summarizes the net
realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended May 31, 2024:
| Statement of operations location - Net realized gain (loss) on: | |
| Risk | Futures contracts |
| Interest rate | $(26,907,825) |
The table below summarizes the net
change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended May 31, 2024:
| Statement of operations location - Change in net unrealized appreciation (depreciation) of: | |
| Risk | Futures contracts |
| Interest rate | $(1,347,047) |
Note 4—Guarantees and indemnifications
Under the Trust’s
organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of
business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund’s maximum exposure under these arrangements is unknown, as this would involve future claims
that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 5—Fees and transactions with affiliates
John Hancock Investment Management
LLC (the Advisor) serves as investment advisor for the fund. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor
and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.
Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis, to the sum of: (a)
0.450% of the first $500 million of the fund’s aggregate average daily net assets, (b) 0.425% of the next $500 million of the fund’s aggregate average daily net assets, (c) 0.400% of the next $1
billion of the fund’s aggregate average daily net assets, (d) 0.350% of the next $500 million of the fund’s aggregate average daily net assets; and (e) 0.300% of
| | JOHN HANCOCK Bond Fund | 52 |
the fund’s aggregate average daily net assets
in excess of $2.5 billion. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor.
The fund is not responsible for payment of the subadvisory fees.
The Advisor has contractually agreed
to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate
net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the
year ended May 31, 2024, this waiver amounted to 0.01% of the fund’s average daily net assets. This agreement 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.
For the year ended May 31, 2024, the
expense reductions described above amounted to the following:
Expenses waived or
reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management
fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended May 31, 2024, were equivalent to a net annual effective rate of 0.30% 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 May 31, 2024, amounted to an annual rate of 0.02% of the fund’s average daily net
assets.
Distribution and service
plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940
Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for certain classes as detailed below, the fund pays for certain other services. The fund
may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund’s
shares:
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class C | 1.00% | — |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
The fund’s Distributor has
contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on September 30, 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 $36,059 for Class R4 shares for the year ended May 31, 2024.
| 53 | JOHN HANCOCK Bond Fund | |
Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $1,563,977 for the year ended May 31, 2024. Of this amount, $219,096 was
retained and used for printing prospectuses, advertising, sales literature and other purposes and $1,344,881 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 $500,000 or more, and redeemed within 18 months of purchase are subject to
a 0.75% sales charge. Prior to March 1, 2024, certain Class A shares purchased of $1 million or more and redeemed within one year of purchase were 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 May 31, 2024, CDSCs received by the Distributor amounted to
$25,409 and $10,268 for Class A and Class C shares, respectively.
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent
fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to
third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in
connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of
Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds
and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the year ended May 31, 2024 were as follows:
| Class | Distribution and service fees | Transfer agent fees |
| Class A | $5,405,844 | $2,118,863 |
| Class C | 996,983 | 117,269 |
| Class I | — | 6,974,099 |
| Class R2 | 302,847 | 2,777 |
| Class R4 | 126,053 | 1,675 |
| Class R6 | — | 510,034 |
| Total | $6,831,727 | $9,724,717 |
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.
| | JOHN HANCOCK Bond Fund | 54 |
Note 6—Fund share transactions
Transactions in fund shares for the
years ended May 31, 2024 and 2023 were as follows:
| Year Ended 5-31-24 | Year Ended 5-31-23 | |||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 36,656,315 | $481,396,308 | 27,049,872 | $367,649,995 |
| Distributions reinvested | 5,380,087 | 71,112,001 | 4,564,919 | 61,903,870 |
| Repurchased | (31,628,720) | (417,477,395) | (33,783,518) | (458,642,772) |
| Net increase (decrease) | 10,407,682 | $135,030,914 | (2,168,727) | $(29,088,907) |
| Class C shares | ||||
| Sold | 1,355,013 | $17,964,264 | 1,062,035 | $14,445,958 |
| Distributions reinvested | 240,706 | 3,180,569 | 271,873 | 3,688,477 |
| Repurchased | (3,364,641) | (44,409,947) | (4,267,223) | (57,882,550) |
| Net decrease | (1,768,922) | $(23,265,114) | (2,933,315) | $(39,748,115) |
| Class I shares | ||||
| Sold | 204,515,152 | $2,703,679,676 | 215,004,422 | $2,927,581,229 |
| Distributions reinvested | 18,461,258 | 244,011,512 | 14,161,580 | 192,054,975 |
| Repurchased | (175,098,686) | (2,308,058,512) | (181,899,662) | (2,471,750,349) |
| Net increase | 47,877,724 | $639,632,676 | 47,266,340 | $647,885,855 |
| Class R2 shares | ||||
| Sold | 1,167,353 | $15,468,314 | 1,408,307 | $19,048,521 |
| Distributions reinvested | 123,821 | 1,638,519 | 106,713 | 1,449,262 |
| Repurchased | (1,414,180) | (18,710,611) | (1,478,642) | (20,205,654) |
| Net increase (decrease) | (123,006) | $(1,603,778) | 36,378 | $292,129 |
| Class R4 shares | ||||
| Sold | 982,585 | $12,882,410 | 731,837 | $9,961,223 |
| Distributions reinvested | 109,986 | 1,452,422 | 159,703 | 2,169,935 |
| Repurchased | (2,519,652) | (33,615,059) | (3,551,096) | (47,552,251) |
| Net decrease | (1,427,081) | $(19,280,227) | (2,659,556) | $(35,421,093) |
| Class R6 shares | ||||
| Sold | 250,329,493 | $3,321,419,183 | 190,337,568 | $2,595,020,354 |
| Distributions reinvested | 37,370,452 | 494,896,607 | 29,929,928 | 406,597,361 |
| Repurchased | (162,118,448) | (2,142,607,154) | (168,175,944) | (2,289,073,857) |
| Net increase | 125,581,497 | $1,673,708,636 | 52,091,552 | $712,543,858 |
| 55 | JOHN HANCOCK Bond Fund | |
| Year Ended 5-31-24 | Year Ended 5-31-23 | |||
| Shares | Amount | Shares | Amount | |
| Class NAV shares | ||||
| Sold | 67,608,459 | $907,158,173 | 10,851,713 | $149,877,212 |
| Distributions reinvested | 12,315,413 | 163,021,881 | 10,448,575 | 141,883,232 |
| Repurchased | (29,248,282) | (383,325,357) | (26,395,605) | (360,308,349) |
| Net increase (decrease) | 50,675,590 | $686,854,697 | (5,095,317) | $(68,547,905) |
| Total net increase | 231,223,484 | $3,091,077,804 | 86,537,355 | $1,187,915,822 |
Affiliates of the fund owned 100% of
shares of Class NAV on May 31, 2024. Such concentration of shareholders’ capital could have a material effect on the fund if such shareholders redeem from the fund.
Note 7—Purchase and sale of securities
Purchases and sales of securities,
other than short-term investments and U.S. Treasury obligations, amounted to $9,782,612,615 and $7,241,896,973, respectively, for the year ended May 31, 2024. Purchases and sales of U.S. Treasury obligations
aggregated $23,859,182,954 and $22,810,861,177, respectively, for the year ended May 31, 2024.
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 May 31, 2024, funds within the John Hancock group of funds complex held 16.7% of the fund’s net assets. There were no individual affiliated funds with an
ownership of 5% or more of the fund’s net assets.
Note 9—Investment in affiliated underlying funds
The fund may invest in affiliated
underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital
gains earned by the fund, if any, is as follows:
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 17,295,742 | $541,208,050 | $7,158,326,081 | $(7,526,704,808) | $73,816 | $(2,793) | $19,057,458 | — | $172,900,346 |
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| | JOHN HANCOCK Bond Fund | 56 |
Report of Independent Registered
Public Accounting Firm
To the Board of Trustees of John
Hancock Sovereign Bond Fund and Shareholders of John Hancock Bond Fund
Opinion on the Financial Statements
We have audited the accompanying
statement of assets and liabilities, including the Fund’s investments, of John Hancock Bond Fund (the "Fund") as of May 31, 2024, the related statement of operations for the year ended May 31, 2024, the
statements of changes in net assets for each of the two years in the period ended May 31, 2024, including the related notes, and the financial highlights for each of the five years in the period ended May 31, 2024
(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 May 31, 2024, 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 May 31, 2024 and the financial highlights for each of the five years in the period ended
May 31, 2024 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 May 31, 2024 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.
PricewaterhouseCoopers LLP
Boston, Massachusetts
July 18, 2024
We have served as the auditor of one
or more investment companies in the John Hancock group of funds since 1988.
| 57 | JOHN HANCOCK BOND FUND | |
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 May 31, 2024.
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.
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 2024 Form 1099-DIV in early 2025. This will reflect the tax character of all distributions paid in calendar year 2024.
Please consult a tax advisor regarding
the tax consequences of your investment in the fund.
| | JOHN HANCOCK BOND FUND | 58 |
John Hancock Investment Management
Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
200 Berkeley Street, Boston, MA 02116, 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 Bond Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
| MF3619769 | 21A 5/24 |
7/24
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Information included in Item 7, if applicable.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Refer to information included in Item 7.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Information included in Item 7, if applicable.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATE PURCHASERS.
Not applicable.
ITEM 15. 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, Governance and Administration Committee Charter".
ITEM 16. 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 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable.
ITEM 19. EXHIBITS.
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 Sovereign Bond Fund
| By: | /s/ Kristie M. Feinberg |
| ------------------------------ | |
| Kristie M. Feinberg | |
| President | |
| Date: | July 18, 2024 |
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: | July 18, 2024 |
| By: | /s/ Fernando A. Silva |
| --------------------------- | |
| Fernando A. Silva | |
| Chief Financial Officer | |
| Date: | July 18, 2024 |
