N-Q 1 d329250.htm N-Q

 

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

Quarterly portfolio holdings 7/31/17

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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.

       4


More information

     
How to contact us
Internet www.jhinvestments.com  
Mail 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