NPORT-EX 3 edgar.htm
John Hancock
California Tax-Free Income Fund
Quarterly portfolio holdings 2/28/2021

Fund’s investments  
As of 2-28-21 (unaudited)
  Rate (%) Maturity date   Par value^ Value
Municipal bonds 99.2%         $207,643,419
(Cost $194,896,261)          
California 97.1%         203,167,179
ABAG Finance Authority for Nonprofit Corps.
Sharp HealthCare, Series A
5.000 08-01-43   2,000,000 2,182,500
Burbank Unified School District
Convertible Capital Appreciation Election 2013, GO (0.000% to 8-1-23, then 4.500% thereafter)
0.000 08-01-37   1,770,000 1,884,165
California Community Housing Agency
Annadel Apartments, Series A (A)
5.000 04-01-49   1,000,000 1,125,730
California Community Housing Agency
Essential Housing Revenue Stoneridge Apartments, Series A (A)
4.000 02-01-56   600,000 636,294
California Community Housing Agency
Verdant at Green Valley Project, Series A (A)
5.000 08-01-49   1,000,000 1,130,250
California County Tobacco Securitization Agency
Fresno County Funding Corp.
6.000 06-01-35   1,570,000 1,572,025
California County Tobacco Securitization Agency
Kern County Tobacco Funding Corp.
5.000 06-01-40   1,500,000 1,585,905
California County Tobacco Securitization Agency
Merced County Tobacco Funding Corp.
5.000 06-01-50   500,000 580,280
California County Tobacco Securitization Agency
Sonoma County Securitization Corp.
4.000 06-01-49   400,000 458,688
California County Tobacco Securitization Agency
Tobacco Settlement Revenue, Series A
4.000 06-01-49   1,000,000 1,139,960
California Educational Facilities Authority
Pepperdine University
5.000 10-01-49   1,500,000 1,749,840
California Educational Facilities Authority
University of Redlands, Series A
5.000 10-01-35   1,000,000 1,090,060
California Enterprise Development Authority
Academy for Academic Excellence Project, Series A (A)
5.000 07-01-40   430,000 470,665
California Enterprise Development Authority
Academy for Academic Excellence Project, Series A (A)
5.000 07-01-50   350,000 379,358
California Enterprise Development Authority
Academy for Academic Excellence Project, Series A (A)
5.000 07-01-55   240,000 258,998
California Health Facilities Financing Authority
Children's Hospital, Series A
5.000 08-15-47   1,000,000 1,161,580
California Health Facilities Financing Authority
City of Hope Obligated Group
4.000 11-15-45   1,000,000 1,128,460
California Health Facilities Financing Authority
CommonSpirit Health Obligated Group, Series A
4.000 04-01-40   1,500,000 1,739,130
California Health Facilities Financing Authority
El Camino Hospital
5.000 02-01-42   1,000,000 1,172,770
California Health Facilities Financing Authority
El Camino Hospital
5.000 02-01-47   1,425,000 1,658,957
California Health Facilities Financing Authority
Lucile Packard Children's Hospital, Series A
5.000 08-15-43   1,000,000 1,096,910
California Health Facilities Financing Authority
Lucile Packard Children's Hospital, Series B
5.000 08-15-55   1,000,000 1,154,680
California Health Facilities Financing Authority
Standford Health Care, Series A
4.000 08-15-50   1,000,000 1,139,590
California Housing Finance
Series A
4.250 01-15-35   978,560 1,121,988
California Municipal Finance Authority
Channing House Project, Series A (B)
4.000 05-15-40   1,500,000 1,678,770
California Municipal Finance Authority
HumanGood Obligated Group, Series A
5.000 10-01-44   1,000,000 1,160,520
California Municipal Finance Authority
LINXS APM Project, AMT
5.000 12-31-43   1,000,000 1,179,700
California Municipal Finance Authority
Paradise Valley Estates Project, Series A (B)
5.000 01-01-49   1,500,000 1,788,255
2 JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND |QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

  Rate (%) Maturity date   Par value^ Value
California (continued)          
California Municipal Finance Authority
Retirement Housing Foundation Obligation Group, Series A
5.000 11-15-31   1,500,000 $1,840,845
California Municipal Finance Authority
West Village Student Housing Project at UC Davis (B)
4.000 05-15-48   1,365,000 1,501,104
California Municipal Finance Authority
Wineville School Project, Series A (B)
5.000 10-01-42   2,000,000 2,251,580
California Pollution Control Financing Authority
San Diego County Water Authority Desalination Project Pipeline (A)
5.000 07-01-39   1,000,000 1,187,710
California Pollution Control Financing Authority
San Diego County Water Authority Desalination Project Pipeline (A)
5.000 11-21-45   1,500,000 1,758,150
California Pollution Control Financing Authority
Waste Management, Inc., Series A1, AMT
3.375 07-01-25   1,000,000 1,115,720
California Pollution Control Financing Authority
Waste Management, Inc., Series A3, AMT
4.300 07-01-40   4,675,000 5,335,718
California Public Finance Authority
Excelsior Charter Schools Project, Series A (A)
5.000 06-15-50   500,000 534,685
California Public Finance Authority
Excelsior Charter Schools Project, Series A (A)
5.000 06-15-55   500,000 533,240
California Public Finance Authority
Henry Mayo Newhall Hospital
5.000 10-15-47   2,000,000 2,255,820
California Public Finance Authority
Trinity Classical Academy, Series A (A)
5.000 07-01-44   110,000 112,780
California Public Finance Authority
Trinity Classical Academy, Series A (A)
5.000 07-01-54   325,000 330,096
California School Finance Authority
Aspire Public Schools (A)
5.000 08-01-46   1,275,000 1,422,084
California School Finance Authority
Granada Hills Charter High School Obligated Group (A)
5.000 07-01-43   1,000,000 1,103,370
California School Finance Authority
KIPP LA Project, Series A (A)
5.000 07-01-47   1,500,000 1,733,340
California State Public Works Board
Various Capital Projects, Series C
5.000 11-01-44   1,000,000 1,245,340
California State Public Works Board
Various Correctional Facilities, Series A
5.000 09-01-39   2,500,000 2,856,725
California Statewide Communities Development Authority
Adventist Health System, Series A
5.000 03-01-48   1,885,000 2,219,682
California Statewide Communities Development Authority
CHF Irvine LLC
5.000 05-15-40   1,485,000 1,686,737
California Statewide Communities Development Authority
Emanate Health, Series A
4.000 04-01-45   250,000 283,360
California Statewide Communities Development Authority
Front Porch Communities and Services, Series A
5.000 04-01-47   500,000 559,310
California Statewide Communities Development Authority
Infrastructure Program Revenue, Series B
5.000 09-02-44   1,000,000 1,067,140
California Statewide Communities Development Authority
Redlands Community Hospital
5.000 10-01-46   2,000,000 2,271,960
California Statewide Communities Development Authority
Redwoods Project (B)
5.375 11-15-44   1,500,000 1,654,830
California Statewide Financing Authority
Tobacco Settlement, Series A
6.000 05-01-37   2,500,000 2,509,575
California Statewide Financing Authority
Tobacco Settlement, Series B
6.000 05-01-37   3,000,000 3,011,490
City of Belmont
Library Project, Series A (B)
5.750 08-01-24   825,000 912,590
City of Irvine
Community Facilities District, No. 2013-3 Great Park
5.000 09-01-49   2,000,000 2,209,860
City of Long Beach
Alamitos Bay Marina Project
5.000 05-15-45   1,000,000 1,097,000
City of Long Beach
Community Facilities District 6-Pike Project
6.250 10-01-26   1,795,000 1,799,631
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT |JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND 3

  Rate (%) Maturity date   Par value^ Value
California (continued)          
City of Long Beach
Harbor Revenue, Series A
5.000 05-15-49   2,000,000 $2,394,720
City of Los Angeles Department of Airports
Airport Revenue, Series C, AMT
5.000 05-15-35   1,000,000 1,273,870
City of Los Angeles Department of Airports
Los Angeles International Airport, Series D, AMT
4.000 05-15-44   2,000,000 2,224,780
City of Sacramento
Greenbriar Community Facilities District No. 2018-3
4.000 09-01-50   600,000 643,872
City of San Clemente
Community Facilities District, No. 2006-1
5.000 09-01-46   1,965,000 2,179,676
City of San Mateo
Community Facilities District, No. 2008-1 Bay Meadows
5.500 09-01-44   2,000,000 2,095,300
College of the Sequoias Tulare Area Improvement District No. 3
Election of 2008, Series B, GO (B)(C)
2.726 08-01-40   2,890,000 1,701,141
County of Sacramento
Airport System Revenue
4.000 07-01-39   1,000,000 1,157,240
CSCDA Community Improvement Authority
Essential Housing Revenue Parallel Anaheim, Series A (A)
4.000 08-01-56   1,000,000 1,079,560
CSCDA Community Improvement Authority
Essential Housing Revenue Renaissance at City Center, Series A (A)
5.000 07-01-51   1,000,000 1,167,780
Foothill-Eastern Transportation Corridor Agency
Highway Revenue Tolls, Series A
5.750 01-15-46   3,000,000 3,466,770
Foothill-Eastern Transportation Corridor Agency
Toll Road Revenue, Series A
4.000 01-15-46   2,045,000 2,325,042
Golden State Tobacco Securitization Corp.
Series A
5.000 06-01-40   5,000,000 5,719,149
Golden State Tobacco Securitization Corp.
Series A
5.000 06-01-45   3,250,000 3,714,685
Golden State Tobacco Securitization Corp.
Series A-1
3.500 06-01-36   1,785,000 1,818,290
Golden State Tobacco Securitization Corp.
Series A-1
5.000 06-01-47   1,610,000 1,665,304
Hastings Campus Housing Finance Authority
California Campus Housing Revenue, Series A
5.000 07-01-45   1,000,000 1,138,960
Inland Valley Development Agency
Series A
5.000 09-01-44   2,500,000 2,729,650
Liberty Union High School District
Election 2016, Series B, GO
3.000 08-01-41   1,670,000 1,767,678
Los Angeles Community Facilities District
Cascades Business Park
6.400 09-01-22   165,000 167,602
Los Angeles County Metropolitan Transportation Authority
Sales Tax Revenue, Series A
4.000 06-01-35   250,000 302,935
Los Angeles County Public Works Financing Authority
Series D
5.000 12-01-45   2,000,000 2,326,640
Los Angeles County Regional Financing Authority
Montecedro, Inc. Project, Series A (B)
5.000 11-15-44   1,355,000 1,434,525
Los Angeles Department of Water
Power Waterworks Revenue, Series A
5.000 07-01-50   1,000,000 1,260,540
Los Angeles Department of Water & Power
Power Systems, Series D
5.000 07-01-44   1,000,000 1,133,560
Los Angeles Unified School District
Series RYQ, GO
4.000 07-01-44   1,500,000 1,740,480
Lower Tule River Irrigation District
Series A
5.000 08-01-28   875,000 1,063,484
Marin Healthcare District
Election of 2013, GO
4.000 08-01-45   1,000,000 1,110,280
Metropolitan Water District of Southern California
Series A
5.000 10-01-49   1,500,000 1,907,805
M-S-R Energy Authority
Natural Gas Revenue, Series B
6.500 11-01-39   1,500,000 2,368,890
4 JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND |QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

  Rate (%) Maturity date   Par value^ Value
California (continued)          
Norman Y. Mineta San Jose International Airport SJC
Series A, AMT
5.000 03-01-47   3,000,000 $3,508,110
Oakland Unified School District
Series A, GO
5.000 08-01-40   1,500,000 1,722,810
Orange County Community Facilities District
2017-1 Esencia Village, Series A
5.000 08-15-47   2,000,000 2,321,560
Pacifica School District
Series C, GO (B)(C)
1.131 08-01-26   1,000,000 940,010
Pasadena Area Community College District
Certificates Participation Sarafian Building Project
4.000 08-01-51   1,000,000 1,058,950
Port of Los Angeles
Series A, AMT
5.000 08-01-44   2,000,000 2,219,920
River Islands Public Financing Authority
Community Facilities District, No. 2003-1
5.500 09-01-45   750,000 791,198
River Islands Public Financing Authority
Community Facilities District, No. 2003-1, Series A
5.000 09-01-48   1,250,000 1,395,375
River Islands Public Financing Authority
Lathrop Irrigation District Electric Revenue (B)
4.000 09-01-35   1,125,000 1,319,018
Riverside County Transportation Commission
Series A
5.750 06-01-48   1,000,000 1,089,420
Sacramento Municipal Utility District
Electric Revenue, Series H
4.000 08-15-45   2,000,000 2,338,380
San Diego Public Facilities Financing Authority
Capital Improvement Projects, Series A
5.000 10-15-44   1,000,000 1,149,960
San Diego Public Facilities Financing Authority
Series A
3.000 08-01-49   1,500,000 1,599,645
San Diego Public Facilities Financing Authority
Series A
4.000 08-01-45   500,000 590,880
San Diego Unified School District
Series I, GO (C)
3.594 07-01-39   1,250,000 648,150
San Francisco Bay Area Rapid Transit District
Election 2016, Series C1, GO
3.000 08-01-50   1,500,000 1,562,985
San Francisco City & County Airport Commission
International Airport Revenue, Second Series 2020-B
4.000 05-01-37   1,000,000 1,175,890
San Francisco City & County Airport Commission
Series E, AMT
5.000 05-01-50   1,500,000 1,795,695
San Francisco City & County Airport Commission
Special Facilities Lease, SFO Fuel Company LLC, Series A, AMT
5.000 01-01-47   2,000,000 2,377,440
San Francisco City & County Public Utilities Commission Power Revenue
Green Bonds, Series A
5.000 11-01-45   1,500,000 1,726,095
San Francisco City & County Redevelopment Successor Agency
Department of General Services Lease, No. 6, Mission Bay South, Series A
5.150 08-01-35   1,250,000 1,267,463
San Francisco City & County Redevelopment Successor Agency
Mission Bay Project, Series A
5.000 08-01-43   1,000,000 1,105,640
San Joaquin Hills Transportation Corridor Agency
Highway Revenue Tolls, Series A
5.000 01-15-44   2,500,000 2,778,850
San Mateo Joint Powers Financing Authority
Capital Projects Program (B)
5.000 07-01-21   925,000 939,689
Santa Ana Financing Authority
Police Administration & Holding Facility, Series A (B)
6.250 07-01-24   4,115,000 4,560,778
Santa Ana Financing Authority
Prerefunded, Police Administration & Holding Facility, Series A (B)
6.250 07-01-24   4,115,000 4,557,321
Santa Margarita Water District
Community Facilities District, No. 2013-1
5.625 09-01-43   745,000 808,221
Santee School District
Election of 2006, Series E, GO (B)(C)
3.030 05-01-51   1,530,000 613,652
South Orange County Public Financing Authority
Series A
5.000 08-15-33   1,000,000 1,037,380
South Orange County Public Financing Authority
Series A
5.000 08-15-34   450,000 466,596
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT |JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND 5

  Rate (%) Maturity date   Par value^ Value
California (continued)          
Southern California Public Power Authority
Apex Power Project, Series A
5.000 07-01-38   1,000,000 $1,130,390
Southern California Public Power Authority
Natural Gas Project Revenue, Series A
5.250 11-01-26   2,000,000 2,457,460
State of California
Construction Bonds, GO
5.000 10-01-49   1,000,000 1,240,190
State of California
Various Purpose, GO
3.000 03-01-50   1,500,000 1,567,140
State of California
Various Purpose, GO
5.000 04-01-32   2,000,000 2,720,740
Sweetwater Union High School District
Ad Valorem Property Tax, GO
4.000 08-01-42   500,000 535,090
Tobacco Securitization Authority of Northern California
Tobacco Settlement Revenue, Senior Bonds, Series B1
4.000 06-01-49   750,000 844,590
Transbay Joint Powers Authority
Tax Allocation, Series A
5.000 10-01-32   345,000 437,598
Turlock Irrigation District
Electricity, Power & Light Revenues
5.000 01-01-41   1,000,000 1,269,040
University of California
Series AZ
5.000 05-15-48   1,500,000 1,826,610
West Covina Community Development Commission Successor Agency
Fashion Plaza
6.000 09-01-22   1,565,000 1,651,732
William S. Hart Union High School District
Community Facilities District, No. 2015-1
5.000 09-01-47   1,000,000 1,111,810
Puerto Rico 2.1%         4,476,240
Puerto Rico Sales Tax Financing Corp.
Sales Tax Revenue, Series A-1 (C)
2.567 07-01-31   1,500,000 1,149,960
Puerto Rico Sales Tax Financing Corp.
Sales Tax Revenue, Series A-1 (C)
4.712 07-01-46   2,500,000 765,475
Puerto Rico Sales Tax Financing Corp.
Sales Tax Revenue, Series A-1
4.750 07-01-53   1,500,000 1,633,395
Puerto Rico Sales Tax Financing Corp.
Sales Tax Revenue, Series A-2
4.784 07-01-58   850,000 927,410
Total investments (Cost $194,896,261) 99.2%     $207,643,419
Other assets and liabilities, net 0.8%         1,588,134
Total net assets 100.0%         $209,231,553
    
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
AMT Interest earned from these securities may be considered a tax preference item for purpose of the Federal Alternative Minimum Tax.
GO General Obligation
(A) 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.
(B) Bond is insured by one or more of the companies listed in the insurance coverage table below.
(C) Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end.
    
Insurance coverage As a % of total
investments
National Public Finance Guarantee Corp. 5.3
California Mortgage Insurance 3.2
Build America Mutual Assurance Company 1.8
Assured Guaranty Municipal Corp. 1.8
Ambac Financial Group, Inc. 0.4
TOTAL 12.5
The fund had the following sector composition as a percentage of net assets on 2-28-21:
General obligation bonds 9.3%
6 JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND |QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

Revenue bonds 89.9%
Other revenue 15.3%
Health care 14.3%
Facilities 12.1%
Tobacco 11.8%
Transportation 7.3%
Education 6.7%
Airport 6.1%
Development 5.0%
Housing 4.9%
Utilities 3.5%
Water and sewer 2.4%
Pollution 0.5%
Other assets and liabilities, net 0.8%
TOTAL 100.0%
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT |JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND 7

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 (NAV) 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: 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.
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.
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 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.
As of February 28, 2021, all investments are categorized as Level 2 under the hierarchy described above.
For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.
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