N-Q 1 sovren1.htm JOHN HANCOCK SOVEREIGN BOND FUND sovren1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811- 2402

 John Hancock Sovereign Bond Fund
(Exact name of registrant as specified in charter)

 601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Alfred E. Ouellette, Senior Attorney and Assistant Secretary

601 Congress Street

Boston, Massachusetts 02210


(Name and address of agent for service)

Registrant's telephone number, including area code: 617-663-4324

Date of fiscal year end:  May 31 
Date of reporting period:  August 31, 2005 


ITEM 1. SCHEDULE OF INVESTMENTS




John Hancock           
 
Bond Fund           
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
 
  Interest  Maturity  Credit  Par value   
Issuer, description  rate (%)  date  rating (A)  ($000)  Value 
Bonds 50.56%          $576,514,199 
(Cost $572,200,320)           
 
Agricultural Products 0.39%          4,495,574 

Corn Products International, Inc.,           
Sr Note  8.450  08-15-09  BBB-  3,985  4,495,574 
 
Airlines 0.57%          6,468,362 

Continental Airlines, Inc.,           
Pass Thru Ctf Ser 1999-1A  6.545  02-02-19  A-  1,633  1,644,700 
Pass Thru Ctf Ser 2000-2 Class A-1  7.707  04-02-21  BBB  1,943  1,953,766 
Pass Thru Ctf Ser 2001-1 Class C  7.033  06-15-11  BB-  1,985  1,765,616 
Jet Equipment Trust,           
Equip Trust Ctf Ser 1995-B2 (B)(H)(S)  10.910  08-15-14  D  5,800  29,000 
Northwest Airlines Corp.,           
Pass Thru Ctf Ser 1996-1D  8.970  01-02-15  CCC+  2,429  1,075,280 
 
Broadcasting & Cable TV 1.13%          12,854,515 

British Sky Broadcasting Group Plc,           
Gtd Note (United Kingdom)  7.300  10-15-06  BBB-  2,350  2,424,070 
Innova S. de R.L.,           
Note (Mexico)  9.375  09-19-13  B+  1,635  1,855,725 
Shaw Communications, Inc.,           
Sr Note (Canada)  8.250  04-11-10  BB+  1,560  1,712,100 
TCI Communications, Inc.,           
Deb  9.800  02-01-12  BBB  2,550  3,204,333 
XM Satellite Radio, Inc.,           
Sr Sec Disc Note (Zero to 12-31-05 then           
14.000%) (O)  Zero  12-31-09  CCC+  1,895  1,973,543 
Sr Sec Note  12.000  06-15-10  CCC+  1,473  1,684,744 
 
Casinos & Gaming 1.02%          11,680,603 

Harrah's Operating Co., Inc.,           
Sr Note  7.125  06-01-07  BBB-  2,940  3,066,470 
Jacob's Entertainment, Inc.,           
Sec Note (B)  11.875  02-01-09  B  3,235  3,524,824 
Mashantucket West Pequot,           
Note (S)  5.912  09-01-21  BBB-  1,250  1,300,000 
Mohegan Tribal Gaming Auth.,           
Sr Sub Note  7.125  08-15-14  B+  1,050  1,102,500 
MTR Gaming Group, Inc.,           
Gtd Sr Note Ser B  9.750  04-01-10  B+  1,595  1,732,569 
Waterford Gaming LLC,           
Sr Note (S)  8.625  09-15-12  B+  896  954,240 

Page 1


John Hancock           
 
Bond Fund           
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
Commodity Chemicals 0.31%          3,485,641 

RPM International, Inc.,           
Sr Note  6.250  12-15-13  BBB  3,305  3,485,641 
 
Computer Hardware 0.16%          1,785,819 

Activant Solutions, Inc.,           
Sr Floating Rate Note (P)(S)  9.504  04-01-10  B+  500  511,250 
Pioneer Standard Electronics, Inc.,           
Sr Note  9.500  08-01-06  BB-  1,235  1,274,569 
 
Construction Materials 0.12%          1,392,938 

Votorantim Overseas IV,           
Gtd Note (Cayman Islands) (S)  7.750  06-24-20  BBB-  1,425  1,392,938 
 
Consumer Finance 2.31%          26,292,560 

American General Finance Corp.,           
Med Term Note Ser I  4.875  07-15-12  A+  3,965  4,010,839 
Ford Motor Credit Co.,           
Floating Rate Note (P)  4.740  11-16-06  BB+  5,795  5,794,525 
Note (L)  6.625  06-16-08  BB+  5,085  5,075,013 
General Motors Acceptance Corp.,           
Note  7.250  03-02-11  BBB-  1,645  1,587,851 
Household Finance Corp.,           
Note  6.375  10-15-11  A  1,785  1,944,270 
HSBC Finance Corp.,           
Sr Note (L)  6.750  05-15-11  A  4,140  4,575,313 
SLM Corp.,           
Med Term Floating Rate Note Ser A (P)  3.730  01-25-08  A  3,305  3,304,749 
 
Diversified Banks 3.16%          36,005,581 

Bank of New York,           
Cap Security (S)  7.780  12-01-26  A-  4,420  4,742,819 
Chuo Mitsui Trust & Banking Co., Ltd.,           
Perpetual Sub Note (5.506% to 04-15-15           
then variable) (Japan) (S)  5.506  12-29-49  Baa2  2,780  2,745,067 
Citigroup, Inc.,           
Sub Note  5.000  09-15-14  A+  2,965  3,015,796 
NB Capital Trust IV,           
Gtd Cap Security  8.250  04-15-27  A  3,030  3,299,985 
Rabobank Capital Fund II,           
Perpetual Bond (5.260% to 12-31-13 then           
variable) (S)  5.260  12-29-49  AA  4,230  4,331,072 
Royal Bank of Scotland Group Plc,           
Perpetual Bond (7.648% to 09-30-31 then           
variable) (United Kingdom)  7.648  08-29-49  A  5,105  6,455,727 
St. George Funding Co.,           
Perpetual Bond (8.485% to 06-30-17 then           
variable) (Australia) (S)  8.485  12-31-49  Baa1  4,555  5,112,696 
Wachovia Capital Trust II,           
Gtd Floating Rate Cap Security (P)  4.099  01-15-27  A-  3,365  3,223,586 
Wachovia Corp.,           
Sub Note  5.250  08-01-14  A-  2,970  3,078,833 

Page 2


John Hancock             
 
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)             
 
Diversified Chemicals 0.21%            2,409,900 

Lyondell Chemical Co.,             
Gtd Sr Sub Note (L)    10.875  05-01-09  B  2,320  2,409,900 
 
Diversified Commercial Services 0.62%          7,058,672 

Cendant Corp.,             
Note    6.875  08-15-06  BBB  3,020  3,085,462 
Noble Group Ltd.,             
Sr Note (Bermuda) (S)    6.625  03-17-15  BB+  2,295  2,138,210 
Sotheby's Holdings, Inc.,             
Note    6.875  02-01-09  BB-  1,835  1,835,000 
 
Diversified Financial Services (Other) 0.41%           4,645,951 

Glencore Funding LLC,             
Gtd Note (S)    6.000  04-15-14  BBB-  4,860  4,645,951 
 
Diversified Metals & Mining 0.19%            2,200,000 

Freeport-McMoRan Copper & Gold, Inc.,             
Sr Note    10.125  02-01-10  B+  2,000  2,200,000 
 
Electric Utilities 6.79%            77,469,725 

AES Eastern Energy, L.P.,             
Pass Thru Ctf Ser 1999-A (L)    9.000  01-02-17  BB+  3,741  4,331,349 
Beaver Valley Funding Corp.,             
Sec Lease Obligation Bond    9.000  06-01-17  BB+  6,799  8,004,463 
BVPS II Funding Corp.,             
Collateralized Lease Bond    8.890  06-01-17  BB+  6,607  7,950,401 
DTE Energy Co.,             
Sr Note    6.450  06-01-06  BBB-  2,855  2,901,182 
Duke Energy Corp.,             
Note    7.000  10-15-06  BBB-  1,225  1,250,288 
East Coast Power LLC,             
Sr Sec Note Ser B    7.066  03-31-12  BBB-  3,062  3,256,168 
Empresa Electrica Guacolda S.A.,             
Sr Sec Note (Chile) (S)    8.625  04-30-13  BBB-  1,967  2,153,184 
Entergy Gulf States, Inc.,             
1st Mtg Note    5.700  06-01-15  BBB+  1,430  1,471,276 
HQI Transelect Chile S.A.,             
Sr Note (Chile)    7.875  04-15-11  A-  3,235  3,698,831 
Indiantown Cogeneration, L.P.,             
1st Mtg Note Ser A-9    9.260  12-15-10  BB+  1,576  1,733,875 
IPALCO Enterprises, Inc.,             
Sr Sec Note    8.625  11-14-11  BB-  3,000  3,375,000 
Kansas Gas & Electric Co.,             
Bond (S)    5.647  03-29-21  BB-  1,345  1,354,200 
Midland Funding Corp. II,             
Lease Oblig Bond Ser B    13.250  07-23-06  BB-  2,798  2,974,365 
Monterrey Power S.A. de C.V.,             
Sr Sec Bond (Mexico) (S)    9.625  11-15-09  BBB  2,445  2,818,191 
Pepco Holdings, Inc.,             
Floating Rate Sr Note (P)    4.004  06-01-10  BBB  1,135  1,134,876 
Pinnacle West Energy Corp.,             
Floating Rate Note (P)(S)    4.004  04-01-07  BBB-  2,230  2,230,649 

Page 3


John Hancock             
 
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
PNPP II Funding Corp.,             
Deb    9.120  05-30-16  BB+  4,091  4,863,708 
PSE&G Energy Holdings LLC,           
Sr Note    7.750  04-16-07  BB-  2,360  2,424,900 
System Energy Resources, Inc.,           
Sec Bond (S)    5.129  01-15-14  BBB  3,429  3,398,632 
Texas-New Mexico Power Co.,           
Sr Note    6.125  06-01-08  BBB  3,350  3,417,673 
TransAlta Corp.,             
Note (Canada)    5.750  12-15-13  BBB-  3,295  3,440,764 
TXU Australia Holdings, L.P.,           
Sr Note (Australia)    6.750  12-01-06  A-  1,650  1,694,763 
Waterford 3 Funding Corp.,           
Sec Lease Obligation Bond  8.090  01-02-17  BBB-  5,053  5,582,742 
Westar Energy, Inc.,             
1st Mtg Bond    5.950  01-01-35  BBB-  1,915  2,008,245 
 
Electrical Components & Equipment 0.39%          4,464,442 

AMETEK, Inc.,             
Sr Note    7.200  07-15-08  BBB  3,425  3,642,292 
L-3 Communications Corp.,           
Sr Sub Note (S)    6.375  10-15-15  BB+  810  822,150 
 
Food Retail 0.99%            11,268,204 

Ahold Finance USA, Inc.,           
Gtd Pass Thru Ctf Ser 2001A-1 (L)  7.820  01-02-20  BB  4,034  4,337,323 
Albertson's, Inc.,             
Sr Deb    7.450  08-01-29  BBB-  2,135  2,404,535 
Delhaize America, Inc.,             
Gtd Note    9.000  04-15-31  BB+  1,575  1,938,951 
Food Lion, Inc.,             
Note    8.730  08-30-06  BB+  2,500  2,587,395 
 
Gas Utilities 0.60%            6,795,376 

Dynegy-Roseton Danskamme,           
Gtd Pass Thru Ctf Ser B  7.670  11-08-16  B  2,600  2,600,000 
Energy Transfer Partners,           
Sr Note (G)(S)    5.650  08-01-12  BBB-  2,160  2,184,350 
NorAm Energy Corp.,             
Deb    6.500  02-01-08  BBB  1,925  2,011,026 
 
Health Care Facilities 0.35%            3,995,752 

HCA, Inc.,             
Note    9.000  12-15-14  BB+  1,682  2,007,928 
Manor Care, Inc.,             
Gtd Note    6.250  05-01-13  BBB  1,855  1,987,824 
 
Health Care Services 0.41%            4,722,785 

Caremark Rx, Inc.,             
Sr Note    7.375  10-01-06  BBB-  2,210  2,270,516 
Wellpoint Health Network,           
Note    6.375  01-15-12  BBB+  2,233  2,452,269 

Page 4


John Hancock
 
           
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
Hotels, Resorts & Cruise Lines 0.45%           5,179,316 

Hyatt Equities LLC,             
Note (S)    6.875  06-15-07  BBB  3,130  3,212,435 
Meditrust,             
Med Term Note    7.300  01-16-06  BB-  1,945  1,966,881 

Industrial Conglomerates 0.74%
 
        8,482,499 

General Electric Co.,             
Note    5.000  02-01-13  AAA  6,590  6,767,106 
Tyco International Group S.A.,             
Note (Luxembourg)    5.800  08-01-06  BBB  1,695  1,715,393 

Industrial Machinery 0.55%
 
          6,271,908 

Kennametal, Inc.,             
Sr Note    7.200  06-15-12  BBB  2,960  3,291,061 
Trinity Industries, Inc.,             
Pass Thru Ctf (S)    7.755  02-15-09  Ba1  2,838  2,980,847 

Insurance Brokers 0.19%
 
          2,229,502 

Willis Group North America,             
Gtd Note    5.625  07-15-15  BBB-  1,250  1,269,225 
Gtd Note    5.125  07-15-10  BBB-  950  960,277 

Integrated Oil & Gas 0.25%
 
          2,855,038 

Pemex Project Funding Master Trust,           
Gtd Note    9.125  10-13-10  BBB  2,435  2,855,038 

Investment Banking & Brokerage 0.33%
 
        3,802,750 

Mizuho Financial Group Cayman Ltd.,           
Gtd Note (Cayman Islands)    8.375  12-29-49  A2  3,500  3,802,750 

IT Consulting & Other Services
 0.30%
          3,408,020 

NCR Corp.,             
Note    7.125  06-15-09  BBB-  3,175  3,408,020 

Meat, Poultry & Fish 0.42%
 
          4,800,694 

American Seafood Group LLC,             
Gtd Sr Sub Note    10.125  04-15-10  B-  955  1,024,238 
ASG Consolidated LLC,             
Sr Disc Note (Zero to 11-1-08, then           
11.500%) (O)    Zero  11-01-11  B-  3,200  2,392,000 
Tyson Foods, Inc.,             
Note    7.250  10-01-06  BBB  1,345  1,384,456 

Metal & Glass Containers 0.15%
 
        1,757,250 

BWAY Corp.,             
Gtd Sr Sub Note    10.000  10-15-10  B-  1,650  1,757,250 

Metals & Mining 0.15%
 
          1,715,309 

Vedanta Resources Plc,             
Sr Note (United Kingdom) (S)    6.625  02-22-10  BB+  1,735  1,715,309 

Page 5


John Hancock             
 
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)             
 
Multi-Line Insurance 1.22%            13,957,704 

Massachusetts Mutual Life Insurance Co.,           
Surplus Note (S)    7.625  11-15-23  AA  3,985  5,134,704 
Metlife Inc.,             
Sr Note    5.700  06-15-35  A  2,795  2,904,036 
New York Life Insurance Co.,             
Note (S)    5.875  05-15-33  AA-  3,685  4,029,691 
Zurich Capital Trust I,             
Gtd Cap Security (S)    8.376  06-01-37  A-  1,705  1,889,273 
 
Multi-Media 0.53%            6,077,096 

News America Holdings, Inc.,             
Gtd Sr Deb    8.250  08-10-18  BBB-  3,000  3,769,695 
Time Warner, Inc.,             
Deb    9.125  01-15-13  BBB+  1,851  2,307,401 
 
Multi-Utilities & Unregulated Power 0.69%           7,905,855 

East Coast Power LLC,             
Sr Sec Note    6.737  03-31-08  BBB-  222  226,022 
Salton Sea Funding Corp.,             
Gtd Sr Sec Note Ser E    8.300  05-30-11  BB+  683  752,396 
Sr Sec Note Ser C    7.840  05-30-10  BB+  6,536  6,927,437 
 
Oil & Gas Drilling 0.15%            1,749,654 

Delek & Avner-Yam Tethys Ltd.,             
Sr Sec Note (Israel) (S)    5.326  08-01-13  BBB-  1,757  1,749,654 
 
Oil & Gas Exploration & Production 0.04%            456,280 

Ras Laffan LNG III,             
Bond (S)    5.838  09-30-27  A  440  456,280 
 
Oil & Gas Refining & Marketing & Trucking 1.36%          15,462,911 

Enterprise Products Partners, L.P.,             
Gtd Note Ser B (L)    5.000  03-01-15  BB+  2,760  2,706,917 
Sr Note    4.950  06-01-10  BB+  5,350  5,347,362 
Pennzoil-Quaker State,             
Gtd Sr Note    10.000  11-01-08  Aa3  7,000  7,408,632 
 
Packaged Foods & Meats 0.10%            1,145,611 

General Foods Corp.,             
Deb    7.000  06-15-11  A-  1,145  1,145,611 
 
Paper Packaging 0.16%            1,784,813 

Stone Container Corp.,             
Sr Note    9.750  02-01-11  B  1,710  1,784,813 
 
Paper Products 0.20%            2,334,025 

Donohue Forest Products,             
Gtd Sr Note (Canada)    7.625  05-15-07  BB-  1,000  1,015,000 
MDP Acquisitions Plc,             
Sr Note (Ireland)    9.625  10-01-12  B-  1,290  1,319,025 

Page 6


John Hancock             
 
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
Pharmaceuticals 0.34%            3,832,018 

Medco Health Solutions, Inc.,             
Sr Note    7.250  08-15-13  BBB  3,380  3,832,018 
 
Property & Casualty Insurance 0.81%           9,209,535 

Markel Corp.,             
Sr Note    7.350  08-15-34  BBB-  2,380  2,710,991 
Ohio Casualty Corp.,             
Note    7.300  06-15-14  BB  1,700  1,870,772 
St. Paul Travelers,             
Note    5.010  08-16-07  BBB+  2,935  2,962,205 
URC Holdings Corp.,             
Sr Note (S)    7.875  06-30-06  AA-  1,630  1,665,567 
 
Publishing 0.14%            1,604,533 

Knight-Ridder, Inc.,             
Note    5.750  09-01-17  BBB+  1,580  1,604,533 
 
Real Estate Investment Trusts 1.71%           19,472,892 

American Health Properties, Inc.,             
Note    7.500  01-15-07  BBB+  2,380  2,468,179 
Duke Realty Corp.,             
Floating Rate Note (P)    3.704  12-22-06  BBB+  3,545  3,547,871 
Healthcare Realty Trust, Inc.,             
Sr Note    8.125  05-01-11  BBB-  2,515  2,855,292 
iStar Financial, Inc.,             
Sr Note    7.000  03-15-08  BBB-  2,110  2,225,520 
ProLogis Trust,             
Note    7.050  07-15-06  BBB+  1,745  1,775,895 
Simon Property Group, L.P.,             
Note    5.450  03-15-13  BBB+  1,910  1,968,713 
Spieker Properties, Inc.,             
Note    7.125  12-01-06  BBB+  4,490  4,631,422 
 
Real Estate Management & Development 0.20%          2,271,897 

Socgen Real Estate Co. LLC,             
Perpetual Bond Ser A (7.640% to 09-30-07           
then variable) (S)    7.640  12-29-49  A  2,140  2,271,897 
 
Regional Banks 0.64%            7,261,965 

BankAmerica Institutional Bank,             
Gtd Cap Security Ser B (S)    7.700  12-31-26  A  1,060  1,136,999 
Colonial Bank,             
Sub Note    9.375  06-01-11  BBB-  1,710  2,054,548 
Mainstreet Capital Trust I,             
Gtd Jr Sub Cap Security Ser B    8.900  12-01-27  A3  2,380  2,643,863 
State Street Institutional Capital Trust,           
Gtd Cap Security Ser A (S)    7.940  12-30-26  A  1,325  1,426,555 
 
Soft Drinks 0.15%            1,668,600 

Panamerican Beverages, Inc.,             
Sr Note (Panama)    7.250  07-01-09  BBB  1,545  1,668,600 

Page 7


John Hancock           
 
Bond Fund           
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
Specialized Finance 1.44%          16,469,867 

Astoria Depositor Corp.,           
Pass Thru Ctf Ser B (G) (S)  8.144  05-01-21  BB  3,140  3,171,400 
Bosphorous Financial Services,           
Sec Floating Rate Note (P)(S)  5.590  02-15-12  Baa3  2,285  2,284,321 
ESI Tractebel Acquisition Corp.,           
Gtd Sec Bond Ser B  7.990  12-30-11  BB  3,924  4,143,873 
Global Signal Trust,           
Sub Bond Ser 2004-1A Class D (S)  5.098  01-15-34  BBB  3,445  3,446,686 
Sub Bond Ser 2004-2A Class D (S)  5.093  12-15-14  Baa2  1,820  1,799,579 
Humpuss Funding Corp.,           
Note (S)  7.720  12-15-09  B2  1,674  1,624,008 
 
Specialty Chemicals 0.06%          634,725 

NOVA Chemicals Ltd.,           
Note (Canada)  7.875  09-15-25  BB+  630  634,725 
 
Telecommunication Services 3.32%          37,835,253 

AT&T Corp.,           
Med Term Note  8.350  05-15-25  BB+  2,870  2,941,750 
Sr Note  9.750  11-15-31  BB+  3,785  4,958,350 
Cox Communications, Inc.,           
Floating Rate Note (P)  3.950  12-14-07  BBB-  1,460  1,470,421 
Intelsat Bermuda Ltd.,           
Floating Rate Sr Note (Bermuda) (L)(P)(S)  8.695  01-15-12  B+  1,000  1,017,500 
Sprint Capital Corp.,           
Note  7.125  01-30-06  BBB-  5,325  5,386,626 
Note  6.875  11-15-28  BBB-  1,725  1,976,755 
Telecom De Puerto Rico,           
Gtd Sr Sub Note (Puerto Rico)  6.650  05-15-06  BBB+  4,750  4,819,545 
Telecom Italia Capital,           
Gtd Note (Luxembourg) (L)(S)  6.000  09-30-34  BBB+  3,220  3,305,671 
Telefonos de Mexico S.A. de C.V.,           
Sr Note (Mexico)  8.250  01-26-06  BBB  5,840  5,936,500 
Verizon Florida, Inc.,           
Sr Deb Ser F  6.125  01-15-13  A+  3,075  3,303,771 
Verizon Pennsylvania, Inc.,           
Note Ser A  5.650  11-15-11  A+  2,605  2,718,364 
 
Telecommunications Equipment 0.54%          6,127,871 

Corning, Inc.,           
Med Term Note  8.300  04-04-25  Ba2  4,230  4,416,839 
Note  6.050  06-15-15  BBB-  1,670  1,711,032 
 
Thrifts & Mortgage Finance 10.74%          122,474,286 

American Home Mortgage Investment Trust,           
Asset Backed Ctf Ser 2005-2 Class 4A1  5.660  09-25-45  AAA  6,812  6,887,870 
Bank of America Mortgage Securities, Inc.,           
Mtg Pass Thru Ctf Ser 2005-C Class 2A1 (P)  4.728  04-25-35  AAA  5,192  5,169,933 
Bear Stearns Adjustable Rate Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2003-9 Class 3A2 (P)  4.999  02-25-34  AAA  2,677  2,676,574 
Bear Stearns Alt-A Trust,           
Mtg Pass Thru Ctf Ser 2005-3 Class B2 (P)  5.407  04-25-35  AA+  2,033  2,051,165 

Page 8


John Hancock           
 
Bond Fund           
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
Centex Home Equity Loan Trust,           
Asset Backed Ctf Ser 2004-A Class AF-4  4.510  08-25-32  AAA  4,550  4,543,516 
Chaseflex Trust,           
Asset Backed Ctf Ser 2005-2 Class 4A1  5.000  05-25-20  AAA  5,714  5,740,555 
Citigroup Mortgage Loan Trust, Inc.,           
Mtg Pass Thru Ctf Ser 2004-UST1 Class A4           
(P)  4.389  08-25-34  AAA  3,089  3,053,728 
ContiMortgage Home Equity Loan Trust,           
Pass Thru Ctf Ser 1995-2 Class A-5  8.100  08-15-25  AAA  775  813,304 
Countrywide Alternative Loan Trust,           
Asset Backed Pass Thru Ctf Ser 2004-24CB           
Class 1A1  6.000  11-25-34  AAA  5,014  5,095,758 
Asset Backed Pass Thru Ctf Ser 2005-J1           
Class 3A1  6.500  08-25-32  AAA  2,842  2,897,509 
Countrywide Home Loans Servicing, L.P.,           
Asset Backed Pass Thru Ctf Ser 2005-6           
Class 2A1  5.500  04-25-35  Aaa  3,388  3,428,397 
Doral Financal Corp.,           
Floating Rate Note (Puerto Rico) (P)  4.450  07-20-07  BB  6,100  5,815,100 
First Horizon Alternative Mortgage Securities,           
Mtg Pass Thru Ctf Ser 2004-AA5 Class B1           
(P)  5.261  12-25-34  AA  1,442  1,445,763 
Greenwich Capital Commercial Funding Corp.,           
Commercial Mtg Pass Thru Ctf Ser 2003-C1           
Class A-4  4.111  07-05-35  AAA  2,335  2,269,036 
Commercial Mtg Pass Thru Ctf Ser 2003-C2           
Class A-2  4.022  01-05-36  AAA  3,495  3,447,066 
GSR Mortgage Loan Trust,           
Mtg Pass Thru Ctf Ser 2004-9 Class B1           
(G)(P)  4.445  08-25-34  AA  3,227  3,228,470 
Indymac Index Mortgage Loan Trust,           
Asset Backed Ctf Ser 2004-AR13 Class B1  5.296  01-25-35  AA  2,181  2,191,452 
Asset Backed Ctf Ser 2005-AR5 Class B1 (P)  5.448  05-25-35  AA  2,357  2,417,748 
JP Morgan Chase Commercial Mortgage Security           
Corp.,           
Mtg Pass Thru Ctf Ser 2005-LDP3 Class A4B  4.996  08-15-42  AAA  3,995  4,078,136 
JP Morgan Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2004-A2 Class 2A2  4.070  05-25-34  AAA  4,896  4,800,461 
Mtg Pass Thru Ctf Ser 2005-A2 Class 1A1           
(P)  4.774  04-25-35  AAA  5,418  5,412,208 
Mtg Pass Thru Ctf Ser 2005-S2 Class PT65  6.500  08-31-35  AAA  5,425  5,561,710 
MLCC Mortgage Investors, Inc.,           
Asset Backed Ctf Ser 2004-1 Class 2A1 (P)  4.752  12-25-34  Aaa  3,658  3,658,960 
Provident Funding Mortgage Loan Trust,           
Mtg Pass Thru Ctf Ser 2005-1 Class B1 (P)  4.381  05-25-35  AAA  1,462  1,436,491 
Renaissance Home Equity Loan Trust,           
Asset Backed Pass Thru Ctf Ser 2004-4           
Class AF2  3.856  02-25-35  AAA  5,855  5,800,371 
Asset Backed Pass Thru Ctf Ser 2005-2           
Class AF3  4.499  08-25-35  AAA  3,005  2,975,419 
Asset Backed Pass Thru Ctf Ser 2005-2           
Class AF4  4.934  08-25-35  AAA  2,855  2,828,680 
Residential Asset Mortgage Products, Inc.,           
Mtg Pass Thru Ctf Ser 2003-RS10 Class AI-5  4.910  01-25-31  AAA  4,595  4,594,008 

Page 9


John Hancock             
 
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
Specialty Underwriting & Residential Finance           
Trust,             
Mtg Ln Asset Backed Ctf Ser 2003-BC4           
Class A3B    4.788  11-25-34  AAA  4,597  4,596,953 
Washington Mutual Alternative Loan Trust,           
Mtg Pass Thru Ctf Ser 2005-6 Class 1CB  6.500  08-25-35  AAA  4,422  4,607,260 
Wells Fargo Mortgage Backed Securities Trust,           
Mtg Pass Thru Ctf Ser 2004Z Class 2A1 (P)  4.591  12-25-34  AAA  3,592  3,583,801 
Mtg Pass Thru Ctf Ser 2005-AR2 Class 3A1           
(P)    4.957  03-25-35  Aaa  5,390  5,366,884 
 
Tobacco 0.55%            6,259,399 

Commonwealth Brands, Inc.,           
Sr Sec Sub Note (G)(S)  10.625  09-01-08  B  1,355  1,429,525 
Phillip Morris Co., Inc.,             
Note    6.950  06-01-06  BBB  4,745  4,829,874 
 
Trucking 0.46%            5,196,880 

ERAC USA Finance Co.,             
Note (S)    7.950  12-15-09  BBB+  1,985  2,227,299 
Hertz Corp.,             
Note    4.700  10-02-06  BBB-  2,995  2,969,581 
 
Utilities Other 0.27%            3,043,575 

Magellan Midstream Partners, L.P.,           
Note    6.450  06-01-14  BBB  2,800  3,043,575 
 
Wireless Telecommunication Services 1.08%          12,282,268 

AT&T Wireless Services, Inc.,           
Sr Note    8.125  05-01-12  A  1,700  2,025,232 
Crown Castle Towers LLC,           
Sub Bond Ser 2005-1A Class A (L)  4.643  06-15-35  Aaa  2,670  2,647,472 
Sub Bond Ser 2005-1A Class D  5.612  06-15-35  Baa2  2,960  2,957,225 
Nextel Communications, Inc.,           
Sr Note (L)    5.950  03-15-14  BB  3,000  3,116,889 
Rogers Wireless, Inc.,             
Sr Sub Note (Canada) (L)  8.000  12-15-12  B+  1,435  1,535,450 
 
        Credit     
Issuer, description        rating (A)  Shares  Value 
Preferred stocks 0.23%            $2,632,531 
(Cost $2,501,000)             
 
Agricultural Products 0.23%            2,632,531 

Ocean Spray Cranberries, Inc., 6.25%, Ser A (S)      BB+  30,500  2,632,531 

Page 10


John Hancock           
 
Bond Fund           
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
  Interest  Maturity  Credit  Par value   
Issuer, description  rate (%)  date  rating (A)  ($000)  Value 
U.S. government and agencies securities 48.98%      $558,514,462 
(Cost $549,878,206)           
 
Government U.S. 10.93%          124,586,404 

United States Treasury,           
Bond (L)  6.250  08-15-23  AAA  17,040  21,114,963 
Bond (L)  5.375  02-15-31  AAA  38,200  44,786,520 
Bond (L)  5.250  11-15-28  AAA  18,900  21,478,073 
Inflation Indexed Bond (L)  3.375  04-15-32  AAA  5,062  6,814,679 
Inflation Indexed Note (L)  2.000  07-15-14  AAA  3,296  3,402,350 
Note (L)  4.250  08-15-15  AAA  15,975  16,277,023 
Note (L)  4.000  02-15-15  AAA  10,325  10,294,748 
Note (L)  3.875  02-15-13  AAA  420  418,048 
 
Government U.S. Agency 38.05%          433,928,058 

Federal Home Loan Bank,           
Bond  4.600  04-11-08  AAA  5,380  5,383,917 
Bond  4.500  04-11-08  AAA  3,065  3,068,301 
Bond  4.250  03-24-08  AAA  3,345  3,334,145 
Bond  4.250  05-16-08  AAA  3,065  3,050,009 
Note  4.300  05-05-08  AAA  6,020  6,014,305 
Federal Home Loan Mortgage Corp.,           
20 Yr Pass Thru Ctf  11.250  01-01-16  AAA  89  95,903 
30 Yr Pass Thru Ctf  6.000  08-01-34  AAA  17,108  17,516,530 
30 Yr Pass Thru Ctf  6.000  02-01-35  AAA  1,971  2,020,285 
30 Yr Pass Thru Ctf  5.000  07-01-35  AAA  11,223  11,148,987 
CMO REMIC 2489-PE  6.000  08-15-32  AAA  2,690  2,803,937 
CMO REMIC 2640-WA  3.500  03-15-33  AAA  1,749  1,710,788 
CMO REMIC 2754-PC  5.000  12-15-28  AAA  9,815  9,893,476 
CMO REMIC 2836-QD  5.000  09-15-27  AAA  6,360  6,420,800 
CMO REMIC 2901-UB  5.000  03-15-33  AAA  7,425  7,536,252 
CMO REMIC 2929-PE  5.000  05-15-33  AAA  4,040  4,042,927 
CMO REMIC 2978-CL  5.500  01-15-31  AAA  11,665  11,882,319 
CMO REMIC 2978-JD  5.500  08-15-31  AAA  3,570  3,641,800 
CMO REMIC 3033-KT (M)  5.000  09-30-25  AAA  10,995  11,055,988 
Med Term Note  4.300  09-24-08  AAA  5,980  5,980,245 
Med Term Note  4.250  03-28-08  AAA  5,790  5,784,395 
Note  4.625  08-22-08  AAA  7,625  7,647,822 
Federal National Mortgage Assn.,           
15 Yr Pass Thru Ctf  9.000  06-01-10  AAA  990  1,092,862 
15 Yr Pass Thru Ctf  7.500  02-01-08  AAA  98  101,340 
15 Yr Pass Thru Ctf  7.000  09-01-10  AAA  197  206,803 
15 Yr Pass Thru Ctf  7.000  04-01-17  AAA  842  882,807 
15 Yr Pass Thru Ctf  7.000  06-01-17  AAA  202  211,766 
15 Yr Pass Thru Ctf  5.000  05-01-18  AAA  8,424  8,491,272 
15 Yr Pass Thru Ctf  5.000  08-01-19  AAA  11,246  11,331,465 
15 Yr Pass Thru Ctf  5.000  10-01-19  AAA  22,348  22,518,409 
15 Yr Pass Thru Ctf  4.500  05-01-18  AAA  10,140  10,070,232 
15 Yr Pass Thru Ctf  4.500  10-01-18  AAA  20,301  20,161,441 
15 Yr Pass Thru Ctf  4.500  05-01-20  AAA  5,506  5,463,938 
30 Yr Pass Thru Ctf  6.000  08-01-34  AAA  5,246  5,371,126 
30 Yr Pass Thru Ctf  6.000  11-01-34  AAA  1,523  1,560,154 

Page 11


John Hancock             
 
Bond Fund             
Securities owned by the Fund on           
August 31, 2005 (unaudited)           
 
30 Yr Pass Thru Ctf    6.000  04-01-35  AAA  11,389  11,660,542 
30 Yr Pass Thru Ctf    5.500  04-01-33  AAA  1,715  1,741,936 
30 Yr Pass Thru Ctf    5.500  11-01-34  AAA  11,335  11,456,427 
30 Yr Pass Thru Ctf    5.500  06-01-35  AAA  3,360  3,395,762 
30 Yr Pass Thru Ctf    5.500  07-01-35  AAA  51,213  51,758,454 
30 Yr Pass Thru Ctf    5.500  09-01-35  AAA  34,000  34,324,063 
30 Yr Pass Thru Ctf    5.000  07-01-35  AAA  5,675  5,638,909 
30 Yr Pass Thru Ctf    5.000  08-01-35  AAA  29,545  29,342,560 
CMO REMIC 2003-17-QT    5.000  08-25-27  AAA  13,365  13,439,138 
CMO REMIC 2003-33-AC    4.250  03-25-33  AAA  1,451  1,440,536 
CMO REMIC 2003-49-JE    3.000  04-25-33  AAA  3,969  3,768,840 
CMO REMIC 2003-58-AD    3.250  07-25-33  AAA  3,949  3,812,968 
CMO REMIC 2003-63-PE    3.500  07-25-33  AAA  3,101  2,991,788 
Note (L)    5.000  04-19-10  AAA  4,765  4,785,323 
Note (L)    4.750  08-25-08  AAA  6,580  6,608,432 
Note    4.450  10-12-07  AAA  2,925  2,926,363 
Note (L)    4.300  05-05-08  AAA  11,980  11,965,360 
Financing Corp.,             
Bond    10.350  08-03-18  Aaa  3,545  5,547,627 
Government National Mortgage Assn.,           
30 Yr Pass Thru Ctf    10.500  01-15-16  AAA  25  28,911 
30 Yr Pass Thru Ctf    10.000  06-15-20  AAA  50  57,096 
30 Yr Pass Thru Ctf    10.000  11-15-20  AAA  11  13,294 
30 Yr Pass Thru Ctf    10.000  03-15-25  AAA  11  13,560 
30 Yr Pass Thru Ctf    9.500  03-15-20  AAA  38  42,517 
30 Yr Pass Thru Ctf    9.500  06-15-20  AAA  12  13,903 
30 Yr Pass Thru Ctf    9.500  01-15-21  AAA  57  63,769 
30 Yr Pass Thru Ctf    9.500  05-15-21  AAA  22  25,401 
30 Yr Pass Thru Ctf    6.000  12-20-33  AAA  5,263  5,426,451 
30 Yr Pass Thru Ctf    5.500  10-15-33  AAA  1,798  1,834,759 
30 Yr Pass Thru Ctf    5.000  07-15-35  AAA  1,268  1,273,478 
CMO REMIC 2003-42-XA    3.750  05-16-33  AAA  1,058  1,033,145 
 
        Interest  Par value   
Issuer, description, maturity date        rate (%)  ($000)  Value 
Short-term investments 0.23%          $2,651,000 
(Cost $2,651,000)             
 
Joint Repurchase Agreement 0.23%            2,651,000 

Investment in a joint repurchase agreement           
transaction with Morgan Stanley - Dated           
8-31-05, due 9-1-05 (secured by U.S. Treasury           
Inflation Indexed Note 1.875%, due 7-15-13)      3.550  2,651  2,651,000 
 
Total investments 100.00%           $1,140,312,192 

Page 12


John Hancock         

Bond Fund         
Financial futures contracts       
August 31, 2005 (unaudited)       
 
  Number of       
Open contracts  contracts  Position  Expiration  Depreciation 

U.S. 5-Year Treasury Note  348  Short  Dec 05  $358,875 

Financial futures contracts


John Hancock

Bond Fund
Footnotes to Schedule of Investments

August 31, 2005 (unaudited)

(A)      Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available, unless indicated otherwise.
 
(B)      This security is fair valued in good faith under procedures established by the Board of Trustees.
 
(G)      Security rated internally by John Hancock Advisers, LLC.
 
(H)      Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default of interest payment.
 
(L)      All or a portion of this security is on loan as of August 31, 2005.
 
(M)      This security having an aggregate value of $11,055,998, or 0.97% of the Fund's total investments, has been purchased as a forward commitment--that is, the Fund has agreed on trade date to take delivery of and to make payment for this security on a delayed basis subsequent to the date of this schedule. The purchase price and interest rate of this security is fixed at trade date, although the Fund does not earn any interest on this until settlement date. The fund has segregated assets with a current value at least equal to the amount of the forward commitment. Accordingly, the market value of $11,276,464 of Federal National Mortgage Assn., 5.500%, 9-1-35 has been segregated to cover the forward commitment.
 
(O)      Cash interest will be paid on this obligation at the stated rate beginning on the stated date.
 
(P)      Represents rate in effect on August 31, 2005.
 
(S)      These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $93,472,330 or 8.20% of the Fund's total investments as of August 31, 2005.
 
  Parenthetical disclosure of a foreign country in the security description represents country of a foreign issuer; however, security is U.S. dollar-denominated.
 
  The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund.
 
  The cost of investments owned on August 31, 2005, including short-term investments, was $1,127,230,526. Gross unrealized appreciation and depreciation of investments aggregated $27,278,635 and $14,196,969, respectively, resulting in net unrealized appreciation of $13,081,666.
 

Footnotes to Schedule of Investments - Page 1




ITEM 2. 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-Q, the registrant's principal executive officer and principal accounting 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 registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.


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/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer

Date: October 27, 2005

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/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer

Date: October 27, 2005

By: /s/ John G. Vrysen
-------------------------------------
John G. Vrysen
Executive Vice President and Chief Financial Officer

Date: October 27, 2005