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- 4630
John Hancock Investment Trust III
(Exact name of registrant as specified in charter)
601 Congress Street, Boston, Massachusetts
02210
(Address of principal executive offices) (Zip code)
Salvatore Schiavone, Treasurer
601 Congress Street
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant’s telephone number, including area code: 617-663-4497
| Date of fiscal year end: | October 31 | |
| Date of reporting period: | July 31, 2017 |
ITEM 1. SCHEDULE OF INVESTMENTS
John Hancock
Greater China Opportunities Fund
| Fund’s investments |
| As of 7-31-17 (unaudited) | ||||
| Shares | Value | |||
| Common stocks 98.8% | $60,357,002 | |||
| (Cost $40,801,781) | ||||
| China 45.7% | 27,912,198 | |||
| Alibaba Group Holding, Ltd., ADR (A) | 29,486 | 4,568,856 | ||
| Baidu, Inc., ADR (A) | 6,024 | 1,363,532 | ||
| China Animal Healthcare, Ltd. (A) | 1,590,000 | 2,036 | ||
| China Communications Construction Company, Ltd., H Shares | 377,000 | 502,119 | ||
| China Construction Bank Corp., H Shares | 2,539,000 | 2,108,169 | ||
| China Life Insurance Company, Ltd., H Shares | 212,000 | 670,017 | ||
| China Medical System Holdings, Ltd. | 265,000 | 452,075 | ||
| China Molybdenum Company, Ltd., H Shares | 1,311,000 | 712,428 | ||
| China National Materials Company, Ltd., H Shares | 1,653,000 | 670,045 | ||
| China Oilfield Services, Ltd., H Shares | 904,000 | 770,206 | ||
| China Petroleum & Chemical Corp., H Shares | 810,000 | 614,035 | ||
| China Vanke Company, Ltd., H Shares | 105,600 | 311,143 | ||
| CNOOC, Ltd. | 805,000 | 901,008 | ||
| Ctrip.com International, Ltd., ADR (A) | 14,901 | 890,037 | ||
| Grand Baoxin Auto Group, Ltd. (A) | 1,271,500 | 646,665 | ||
| Industrial & Commercial Bank of China, Ltd., H Shares | 2,764,500 | 1,931,714 | ||
| JNBY Design, Ltd. (A) | 393,000 | 321,046 | ||
| Maanshan Iron & Steel Company, Ltd., H Shares (A) | 1,342,000 | 649,924 | ||
| Minth Group, Ltd. | 148,000 | 681,469 | ||
| Ping An Insurance Group Company of China, Ltd., H Shares | 251,000 | 1,857,930 | ||
| Shanghai Fosun Pharmaceutical Group Company, Ltd., H Shares | 166,500 | 609,402 | ||
| Tencent Holdings, Ltd. | 139,200 | 5,556,026 | ||
| Weibo Corp., ADR (A) | 14,585 | 1,122,316 | ||
| Hong Kong 25.6% | 15,665,007 | |||
| AIA Group, Ltd. | 292,600 | 2,301,448 | ||
| ASM Pacific Technology, Ltd. | 44,800 | 578,984 | ||
| Beijing Enterprises Water Group, Ltd. (A) | 856,000 | 710,297 | ||
| BOC Hong Kong Holdings, Ltd. | 128,500 | 631,767 | ||
| Cheung Kong Property Holdings, Ltd. | 113,080 | 914,458 | ||
| China Everbright Greentech, Ltd. (A)(B) | 757,000 | 529,167 | ||
| China Foods, Ltd. | 668,000 | 307,521 | ||
| China Gas Holdings, Ltd. | 394,000 | 953,032 | ||
| China Mobile, Ltd. | 56,500 | 603,937 | ||
| China Resources Land, Ltd. | 232,666 | 746,604 | ||
| China Unicom Hong Kong, Ltd. (A) | 420,000 | 608,715 | ||
| CK Hutchison Holdings, Ltd. | 76,580 | 1,007,726 | ||
| Galaxy Entertainment Group, Ltd. | 117,000 | 722,370 | ||
| Hong Kong Exchanges & Clearing, Ltd. | 34,300 | 977,146 | ||
| Kingboard Laminates Holdings, Ltd. | 625,500 | 871,718 | ||
| Link REIT | 68,500 | 556,127 | ||
| Modern Dental Group, Ltd. | 800,000 | 306,899 | ||
| Sino Biopharmaceutical, Ltd. | 509,000 | 449,361 | ||
| Swire Properties, Ltd. | 213,200 | 736,495 | ||
| Techtronic Industries Company, Ltd. | 94,000 | 417,670 | ||
| Vinda International Holdings, Ltd. | 389,000 | 733,565 | ||
| Macau 0.9% | 526,139 | |||
| Sands China, Ltd. | 113,600 | 526,139 | ||
| Taiwan 24.6% | 15,051,032 | |||
| Airtac International Group | 22,000 | 297,582 |
| SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK GREATER CHINA OPPORTUNITIES FUND 2 |
| Shares | Value | |||
| Taiwan (continued) | ||||
| ASMedia Technology, Inc. | 47,000 | $614,673 | ||
| Chailease Holding Company, Ltd. | 120,000 | 344,972 | ||
| China Life Insurance Company, Ltd. | 623,832 | 660,043 | ||
| Fit Hon Teng, Ltd. (A)(B) | 1,335,000 | 664,868 | ||
| Formosa Chemicals & Fibre Corp. | 85,000 | 256,098 | ||
| Foxsemicon Integrated Technology, Inc. | 118,650 | 841,242 | ||
| Gourmet Master Company, Ltd. | 43,000 | 503,340 | ||
| Himax Technologies, Inc., ADR | 35,138 | 289,537 | ||
| Hon Hai Precision Industry Company, Ltd. | 167,000 | 649,476 | ||
| Hota Industrial Manufacturing Company, Ltd. | 145,746 | 667,054 | ||
| Largan Precision Company, Ltd. | 4,000 | 729,837 | ||
| MediaTek, Inc. | 65,000 | 572,189 | ||
| Parade Technologies, Ltd. | 46,000 | 667,332 | ||
| Quang Viet Enterprise Company, Ltd. | 78,000 | 441,918 | ||
| St. Shine Optical Company, Ltd. | 21,000 | 432,646 | ||
| Taiwan Paiho, Ltd. | 181,000 | 755,136 | ||
| Taiwan Semiconductor Manufacturing Company, Ltd. | 554,089 | 3,916,803 | ||
| TCI Company, Ltd. | 83,291 | 509,940 | ||
| Tong Hsing Electronic Industries, Ltd. | 123,000 | 508,958 | ||
| Yageo Corp. | 191,000 | 727,388 | ||
| United Kingdom 1.1% | 641,331 | |||
| HSBC Holdings PLC | 64,000 | 641,331 | ||
| United States 0.9% | 561,295 | |||
| Yum China Holdings, Inc. (A) | 15,683 | 561,295 | ||
| Total investments (Cost $40,801,781)† 98.8% | $60,357,002 | |||
| Other assets and liabilities, net 1.2% | 716,181 | |||
| Total net assets 100.0% | $61,073,183 |
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | ||
| Security Abbreviations and Legend | ||
| ADR | American Depositary Receipt | |
| (A) | Non-income producing security. | |
| (B) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. | |
| † | At 7-31-17, the aggregate cost of investment securities for federal income tax purposes was $41,133,437. Net unrealized appreciation aggregated to $19,223,565, of which $20,615,753 related to appreciated investment securities and $1,392,188 related to depreciated investment securities. | |
The fund had the following sector composition as a percentage of net assets on 7-31-17:
| Information technology | 39.6% | |
| Financials | 19.9% | |
| Consumer discretionary | 11.7% | |
| Real estate | 5.3% | |
| Energy | 3.8% | |
| Materials | 3.8% | |
| Utilities | 3.7% | |
| Health care | 3.6% | |
| Industrials | 2.9% | |
| Consumer staples | 2.5% | |
| Telecommunication services | 2.0% | |
| Other assets and liabilities, net | 1.2% | |
| TOTAL | 100.0% |
| SEE NOTES TO FUND'S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK GREATER CHINA OPPORTUNITIES FUND 3 |
Notes to Fund's investments (unaudited)
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 may be determined as of the regularly scheduled close of the NYSE pursuant to the fund's Valuation Policies and Procedures.
In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund's Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund's Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund's investments as of July 31, 2017, by major security category or type:
| Total value at 7-31-17 |
Level 1 Quoted Price |
Level 2 Significant Observable Inputs |
Level 3 Significant Unobservable Inputs |
||
| Common stocks | |||||
| China | $27,912,198 | $7,944,741 | $19,965,421 | $2,036 | |
| Hong Kong | 15,665,007 | — | 15,665,007 | — | |
| Macau | 526,139 | — | 526,139 | — | |
| Taiwan | 15,051,032 | 954,405 | 14,096,627 | — | |
| United Kingdom | 641,331 | — | 641,331 | — | |
| United States | 561,295 | 561,295 | — | — | |
| Total investments in securities | $60,357,002 | $9,460,441 | $50,894,525 | $2,036 | |
For additional information on the fund's significant accounting policies, please refer to the fund's most recent semiannual or annual shareholder report.
More information
| How to contact us | ||
| Internet | www.jhinvestments.com | |
| Regular mail: John Hancock Signature Services, Inc. P.O. Box 55913 Boston, MA 02205-5913 |
Express mail: John Hancock Signature Services, Inc. 30 Dan Road Canton, MA 02021 |
|
| Phone | Customer service representatives EASI-Line TDD line |
800-225-5291 800-338-8080 800-231-5469 |
| 08Q3 | 07/17 | |
| This report is for the information of the shareholders of John Hancock Greater China Opportunities Fund. | 9/17 |
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 Investment Trust III
| By: | /s/ Andrew G. Arnott | |
| Andrew G. Arnott | ||
| President | ||
| Date: | September 13, 2017 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ Andrew G. Arnott | |
| Andrew G. Arnott | ||
| President | ||
| Date: | September 13, 2017 |
| By: | /s/ Charles A. Rizzo | |
| Charles A. Rizzo | ||
| Chief Financial Officer | ||
| Date: | September 13, 2017 |