0001193125-19-277585.txt : 20191029 0001193125-19-277585.hdr.sgml : 20191029 20191029151420 ACCESSION NUMBER: 0001193125-19-277585 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190831 FILED AS OF DATE: 20191029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND CENTRAL INDEX KEY: 0000856671 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-05979 FILM NUMBER: 191176092 BUSINESS ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 200 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-663-3000 MAIL ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 200 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: JOHN HANCOCK CALIFORNIA TAX FREE INCOME FUND DATE OF NAME CHANGE: 20110214 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN CALIFORNIA TAX FREE INCOME FUND DATE OF NAME CHANGE: 19941227 FORMER COMPANY: FORMER CONFORMED NAME: TRANSAMERICA CALIFORNIA TAX FREE INCOME FUND DATE OF NAME CHANGE: 19920703 0000856671 S000000616 JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND C000001742 Class A TACAX C000001743 Class B TSCAX C000001744 Class C TCCAX C000178768 Class I JCAFX C000193017 Class R6 JCSRX ACCESSION NUMBER: 0001145549-19-040604 NPORT-EX 1 d809303dnportex.htm JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND John Hancock California Tax-Free Income Fund

John Hancock

California Tax-Free Income Fund

Quarterly portfolio holdings 8/31/19

 

LOGO


Fund’s investments

As of 8-31-19 (unaudited)

 

     Rate (%)      Maturity date      Par value^      Value  

Municipal bonds 97.8%

(Cost $196,683,428)

            $ 214,866,005  

California 96.9%

              212,891,258  
           

 

 

 

ABAG Finance Authority for Nonprofit Corps.

           

Sharp HealthCare, Series A

     5.000        08-01-43        2,000,000        2,250,820  

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        1,807,117  

California Community Housing Agency

           

Annadel Apartments, Series A (A)

     5.000        04-01-49        1,000,000        1,122,840  

California Community Housing Agency

           

Verdant at Green Valley Project, Series A (A)

     5.000        08-01-49        1,000,000        1,133,610  

California County Tobacco Securitization Agency

           

Fresno County Funding Corp.

     6.000        06-01-35        1,765,000        1,766,236  

California County Tobacco Securitization Agency

           

Kern County Tobacco Funding Corp., Series 2014

     5.000        06-01-40        1,500,000        1,602,180  

California County Tobacco Securitization Agency

           

Public Improvements

     5.250        06-01-21        2,020,000        2,046,038  

California Educational Facilities Authority

           

Pepperdine University

     5.000        10-01-49        2,550,000        3,031,517  

California Educational Facilities Authority

           

University of Redlands, Series A

     5.000        10-01-35        1,000,000        1,171,210  

California Health Facilities Financing Authority

           

Children’s Hospital, Series A

     5.000        08-15-47        1,000,000        1,196,650  

California Health Facilities Financing Authority

           

City of Hope Obligated Group

     4.000        11-15-45        1,000,000        1,150,860  

California Health Facilities Financing Authority

           

El Camino Hospital

     5.000        02-01-42        1,000,000        1,202,290  

California Health Facilities Financing Authority

           

El Camino Hospital

     5.000        02-01-47        1,425,000        1,702,547  

California Health Facilities Financing Authority

           

Lucile Packard Children’s Hospital, Series B

     5.000        08-15-55        1,000,000        1,193,900  

California Health Facilities Financing Authority

           

Lucile Salter Packard Children’s Hospital, Series A

     5.000        08-15-43        1,000,000        1,143,650  

California Health Facilities Financing Authority

           

Sutter Health, Series A

     5.000        08-15-43        1,000,000        1,183,390  

California Housing Finance

           

Series A

     4.250        01-15-35        1,000,000        1,196,650  

California Municipal Finance Authority

           

Channing House Project, Series A (B)

     4.000        05-15-40        1,500,000        1,695,675  

California Municipal Finance Authority

           

Collegiate Housing Foundation Davis-I, LLC, West Village Student Housing Project

     5.000        05-15-33        1,000,000        1,246,270  

California Municipal Finance Authority

           

HumanGood Obligated Group, Series A

     5.000        10-01-44        1,000,000        1,184,760  

California Municipal Finance Authority

           

LINXS APM Project, Series A, AMT

     5.000        12-31-47        1,000,000        1,203,190  

California Municipal Finance Authority

           

Paradise Valley Estates Project, Series A (B)

     5.000        01-01-49        1,500,000        1,806,480  

California Municipal Finance Authority

           

Retirement Housing Foundation Obligation Group, Series A

     5.000        11-15-31        1,500,000        1,981,500  

California Municipal Finance Authority

           

William Jessup University

     5.000        08-01-39        1,500,000        1,735,950  

California Municipal Finance Authority

           

Wineville School Project, Series A (B)

     5.000        10-01-42        2,000,000        2,340,420  

California Pollution Control Financing Authority

           

Calplant I Project, AMT (A)

     7.500        07-01-32        1,300,000        1,361,100  

California Pollution Control Financing Authority

           

San Diego County Water Authority Desalination Project Pipeline (A)

     5.000        07-01-39        1,000,000        1,219,780  

California Pollution Control Financing Authority

           

San Diego County Water Authority Desalination Project Pipeline (A)

     5.000        11-21-45        1,500,000        1,812,915  

 

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 Pollution Control Financing Authority

           

Waste Management, Inc., Series A1, AMT

     3.375        07-01-25        1,000,000      $ 1,102,680  

California Pollution Control Financing Authority

           

Waste Management, Inc., Series A3, AMT

     4.300        07-01-40        4,675,000        5,311,361  

California Public Finance Authority

           

Henry Mayo Newhall Hospital

     5.000        10-15-47        2,000,000        2,288,440  

California Public Finance Authority

           

Trinity Classical Academy, Series A (A)

     5.000        07-01-44        110,000        117,201  

California Public Finance Authority

           

Trinity Classical Academy, Series A (A)

     5.000        07-01-54        325,000        343,590  

California School Finance Authority

           

Aspire Public Schools (A)

     5.000        08-01-46        3,275,000        3,686,700  

California School Finance Authority

           

Kipp LA Project, Series A (A)

     5.000        07-01-47        1,500,000        1,760,490  

California State Public Works Board

           

Various Capital Projects, Series A

     5.000        04-01-37        1,000,000        1,091,390  

California State Public Works Board

           

Various Correctional Facilities, Series A

     5.000        09-01-39        2,500,000        2,914,250  

California State University

           

College and University Revenue, Series A

     5.000        11-01-44        2,000,000        2,321,360  

California Statewide Communities Development Authority

           

Adventist Health System, Series A

     5.000        03-01-48        1,885,000        2,283,621  

California Statewide Communities Development Authority

           

American Baptist Homes West

     6.250        10-01-39        2,000,000        2,007,880  

California Statewide Communities Development Authority

           

CHF Irvine LLC

     5.000        05-15-40        2,735,000        3,220,271  

California Statewide Communities Development Authority

           

Front Porch Communities and Services, Series A

     5.000        04-01-47        500,000        593,165  

California Statewide Communities Development Authority

           

Infrastructure Program Revenue, Series B

     5.000        09-02-44        1,000,000        1,066,300  

California Statewide Communities Development Authority

           

Los Angeles Jewish Homes, Series S (B)

     5.000        08-01-44        2,625,000        2,943,203  

California Statewide Communities Development Authority

           

Redlands Community Hospital OB

     5.000        10-01-46        2,000,000        2,341,080  

California Statewide Communities Development Authority

           

Redwoods Project (B)

     5.375        11-15-44        1,500,000        1,740,810  

California Statewide Communities Development Authority

           

Senior Living of Southern California (A)

     7.250        11-15-41        1,700,000        1,720,774  

California Statewide Financing Authority

           

Tobacco Settlement, Series A

     6.000        05-01-37        2,500,000        2,516,450  

California Statewide Financing Authority

           

Tobacco Settlement, Series B

     6.000        05-01-37        3,000,000        3,019,740  

City of Belmont

           

Library Project, Series A (B)

     5.750        08-01-24        1,000,000        1,143,640  

City of Irvine

           

Community Facilities District

     5.000        09-01-49        2,000,000        2,220,100  

City of La Verne

           

Brethren Hillcrest Homes

     5.000        05-15-36        750,000        800,723  

City of Long Beach

           

Alamitos Bay Marina Project, Series 2015

     5.000        05-15-45        1,000,000        1,135,360  

City of Long Beach

           

District 6-Pike Project

     6.250        10-01-26        2,265,000        2,268,420  

City of Long Beach

           

Series A

     5.000        05-15-49        2,000,000        2,532,080  

City of Los Angeles Department of Airports

           

Los Angeles International Airport, AMT

     5.000        05-15-43        2,000,000        2,483,740  

City of San Clemente

           

Community Facilities District, Series 2006-1

     5.000        09-01-46        1,980,000        2,243,399  

City of San Francisco Public Utilities Commission

           

Green Bonds, Series A

     5.000        11-01-45        1,500,000        1,776,765  

 

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 San Mateo

           

Community Facilities District, Series 2008-1 Bay Meadows

     5.500        09-01-44        2,000,000      $ 2,171,920  

Foothill-Eastern Transportation Corridor Agency

           

Highway Revenue Tolls, Series A

     5.750        01-15-46        5,000,000        5,856,700  

Golden State Tobacco Securitization Corp.

           

Series A

     5.000        06-01-40        5,000,000        5,894,950  

Golden State Tobacco Securitization Corp.

           

Series A

     5.000        06-01-45        3,250,000        3,810,918  

Inland Valley Development Agency

           

Series A

     5.000        09-01-44        2,500,000        2,841,700  

Lancaster School District

           

School Improvements (B)(C)

     1.044        04-01-22        1,380,000        1,342,933  

Los Angeles Community Facilities District

           

Cascades Business Park

     6.400        09-01-22        310,000        313,432  

Los Angeles County Public Works Financing Authority

           

Series D

     5.000        12-01-45        3,000,000        3,572,100  

Los Angeles County Regional Financing Authority

           

Montecedro, Inc. Project, Series A (B)

     5.000        11-15-44        1,355,000        1,510,540  

Los Angeles Department of Water & Power

           

Power Systems, Series D

     5.000        07-01-44        1,000,000        1,163,590  

Marin Healthcare District

           

Election of 2013, GO

     4.000        08-01-45        1,000,000        1,096,120  

Morgan Hill Redevelopment Agency

           

Series A

     5.000        09-01-33        1,750,000        2,007,163  

M-S-R Energy Authority

           

Natural Gas Revenue, Series B

     6.500        11-01-39        1,500,000        2,396,055  

Norman Y. Mineta San Jose International Airport SJC

           

Series A, AMT

     5.000        03-01-47        3,000,000        3,567,300  

Oakland Unified School District/Alameda County

           

Election of 2012, GO

     6.625        08-01-38        1,000,000        1,108,870  

Oakland Unified School District/Alameda County

           

Series A, GO

     5.000        08-01-40        1,500,000        1,758,840  

Orange County Community Facilities District

           

2017-1 Esencia Village, Series A

     5.000        08-15-47        2,000,000        2,379,180  

Pacifica School District

           

Series C, GO (B)(C)

     1.576        08-01-26        1,000,000        896,050  

Port of Los Angeles

           

Series A, AMT

     5.000        08-01-44        2,000,000        2,302,800  

River Islands Public Financing Authority

           

Community Facilities District, Series 2003-1

     5.000        09-01-48        1,250,000        1,418,300  

River Islands Public Financing Authority

           

Community Facilities District, Series 2003-1

     5.500        09-01-45        2,000,000        2,182,860  

Riverside County Transportation Commission

           

Senior Lien, Series A

     5.750        06-01-48        1,000,000        1,116,690  

San Diego County Regional Airport Authority

           

Consol Rental Car Facilities, Series A

     5.000        07-01-44        4,925,000        5,673,846  

San Diego Public Facilities Financing Authority

           

Series A

     5.000        10-15-44        1,000,000        1,192,160  

San Diego Unified School District

           

Series I, GO (C)

     3.648        07-01-39        1,250,000        607,838  

San Francisco City & County Airport Commission International Airport

           

Special Facilities Lease, SFO Fuel Company LLC, Series A, AMT

     5.000        01-01-47        2,000,000        2,435,600  

San Francisco City & County Redevelopment Agency

           

Department of General Services Lease, No. 6, Mission Bay South, Series A

     5.150        08-01-35        1,250,000        1,257,075  

San Francisco City & County Redevelopment Agency

           

Mission Bay Project, Series A

     5.000        08-01-43        1,000,000        1,146,660  

San Joaquin Hills Transportation Corridor Agency

           

Highway Revenue Tolls, Escrowed to Maturity (C)

     0.992        01-01-22        6,500,000        6,349,525  

San Joaquin Hills Transportation Corridor Agency

           

Highway Revenue Tolls, Series A

     5.000        01-15-44        2,500,000        2,870,375  

 

4 JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND  |  QUARTERLY REPORT    SEE NOTES TO FUND’S INVESTMENTS


     Rate (%)      Maturity date      Par value^      Value  

California (continued)

           

San Mateo Joint Powers Financing Authority

           

Capital Projects Program (B)

     5.000        07-01-21        1,815,000      $ 1,909,289  

Santa Ana Financing Authority

           

Police Administration & Holding Facility (B)

     6.250        07-01-24        5,000,000        5,711,200  

Santa Ana Financing Authority

           

Prerefunded, Police Administration & Holding Facility (B)

     6.250        07-01-24        5,000,000        5,760,450  

Santa Margarita Water District

           

Community Facilities District, Series 2013-1

     5.625        09-01-43        775,000        863,265  

South Orange County Public Financing Authority

           

Series A

     5.000        08-15-33        1,000,000        1,085,810  

South Orange County Public Financing Authority

           

Series A

     5.000        08-15-34        450,000        488,214  

Southern California Public Power Authority

           

Apex Power Project, Series A

     5.000        07-01-38        1,000,000        1,161,620  

Southern California Public Power Authority

           

Natural Gas Project Revenue, Series A

     5.250        11-01-26        2,000,000        2,457,340  

State of California

           

Various Purpose, GO

     5.000        04-01-29        1,000,000        1,338,730  

State of California

           

Various Purpose, GO

     5.000        04-01-32        2,000,000        2,815,860  

Stockton Public Financing Authority

           

Delta Water Supply Project, Series A

     6.250        10-01-40        1,150,000        1,377,597  

Sweetwater Union High School District

           

Election of 2006, Series 2016 B, GO

     4.000        08-01-42        500,000        549,585  

Tobacco Securitization Authority of Southern California

           

Series A1

     5.000        06-01-37        1,500,000        1,506,360  

University of California

           

Series AZ

     5.000        05-15-48        4,000,000        4,962,840  

West Covina Redevelopment Agency

           

Fashion Plaza

     6.000        09-01-22        2,825,000        3,024,643  

William S. Hart Union High School District

           

Community Facilities District, Series 2015-1

     5.000        09-01-47        1,000,000        1,151,837  

Puerto Rico 0.9%

              1,974,747  
           

 

 

 

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue

           

Series A-1

     4.750        07-01-53        1,926,000        1,974,747  
     Yield* (%)      Maturity date      Par value^      Value  

Short-term investments 1.2%

(Cost $2,720,946)

            $ 2,721,000  

U.S. Government Agency 0.2%

              500,000  
           

 

 

 

Federal Agricultural Mortgage Corp. Discount Note

     2.030        09-03-19        250,000        250,000  

Federal Home Loan Bank Discount Note

     1.900        09-03-19        250,000        250,000  
                   Par value^      Value  

Repurchase agreement 1.0%

            $ 2,221,000  
           

 

 

 

Barclays Tri-Party Repurchase Agreement dated 8-30-19 at 2.120% to be repurchased at $2,099,494 on 9-3-19, collateralized by $1,698,300 U.S. Treasury Bonds, 3.125% due 5-15-48 (valued at $2,141,499, including interest)

           2,099,000        2,099,000  

Repurchase Agreement with State Street Corp. dated 8-30-19 at 1.050% to be repurchased at $122,014 on 9-3-19, collateralized by $95,000 U.S. Treasury Bonds, 6.375% due 8-15-27 (valued at $130,074, including interest)

           122,000        122,000  

Total investments (Cost $199,404,374) 99.0%

            $ 217,587,005  

Other assets and liabilities, net 1.0%

              2,136,912  

Total net assets 100.0%

            $ 219,723,917  

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.

 

SEE NOTES TO FUND’S INVESTMENTS    QUARTERLY REPORT  |  JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND 5


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.

*

Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.

 

Insurance coverage    As a % of total
investments
 

National Public Finance Guarantee Corp.

     6.6  

California Mortgage Insurance

     4.5  

Build America Mutual Assurance Company

     1.1  

Assured Guaranty Municipal Corp.

     0.6  

Ambac Financial Group, Inc.

     0.5  

TOTAL

     13.3  

The fund had the following sector composition as a percentage of net assets on 8-31-19:

 

General obligation bonds

     5.5

Revenue bonds

     92.3

Health care

     16.2

Facilities

     15.0

Other revenue

     12.6

Transportation

     10.2

Tobacco

     10.1

Education

     10.0

Airport

     5.9

Development

     5.4

Housing

     3.6

Utilities

     1.8

Water and sewer

     1.0

Pollution

     0.5

Short-term investments and other

     2.2

TOTAL

     100.0

 

6 JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND  |  QUARTERLY REPORT    SEE NOTES TO FUND’S INVESTMENTS


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: Debt obligations are typically valued based on the 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. 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 August 31, 2019, all investments are categorized as Level 2 under the hierarchy described above.

For additional information on the fund’s significant accounting policies, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.

 

   7


More information

How to contact us

 

Internet    www.jhinvestments.com   
           
Mail    Regular mail:    Express mail:
   John Hancock Signature Services, Inc.    John Hancock Signature Services, Inc.
   P.O. Box 55913    2000 Crown Colony Drive
   Boston, MA 02205-5913    Suite 55913
      Quincy, MA 02169-0953
           
Phone    Customer service representatives    800-225-5291
   EASI-Line    800-338-8080
   TDD line    800-231-5469

 

     53Q1    08/19
This report is for the information of the shareholders of John Hancock California Tax-Free Income Fund.       10/19
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