John Hancock

California Tax-Free Income Fund

Quarterly portfolio holdings 8/31/19

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