UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-00560
(Exact name of registrant as specified in charter)
200 BERKELEY STREET, BOSTON, MA 02116
(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
October 31
Date of reporting period:
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following annual reports to shareholders for the period ended October 31, 2024:
John Hancock Investment Trust
-
John Hancock ESG International Equity Fund
-
John Hancock ESG Large Cap Core Fund
-
John Hancock Global Environmental Opportunities Fund
-
John Hancock Global Thematic Opportunities Fund
-
John Hancock International Dynamic Growth Fund
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Dynamic Growth Fund (Class A/JIJAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
International Dynamic Growth Fund (Class A/JIJAX) returned 42.95% (excluding sales charges) for the year ended October 31, 2024. Key factors that affected fund performance during the period included easing global inflationary pressures, interest-rate cuts by major central banks, and moderating economic growth.
TOP PERFORMANCE CONTRIBUTORS
Top sectors | The top-performing sectors on an absolute basis for the period included information technology led by NVIDIA Corp. and Taiwan Semiconductor Manufacturing Company, Ltd., industrials led by Mitsubishi Heavy Industries, Ltd., and Hitachi, Ltd., and consumer discretionary led by MercadoLibre, Inc., and Ferrari NV.
Top markets | The top-performing markets on an absolute basis included the United States, led by NVIDIA and Meta Platforms, Inc., Japan, led by Mitsubishi Heavy and Hitachi, and Taiwan, led by Taiwan Semiconductor.
Specific holdings | From an individual stock perspective, strong absolute contributors also included SAP SE, Novo Nordisk, Ferrari NV, and Microsoft Corp.
TOP PERFORMANCE DETRACTORS
Energy | Although no sectors generated negative returns on an absolute basis, holdings in the energy sector produced the smallest contribution.
China | The sole country that detracted from absolute performance was China, due to PDD Holdings Inc.
Specific holdings | From an individual stock perspective, the largest absolute detractors were Airbus SE, Unilever PLC, AstraZeneca PLC, Kuraray Company, Ltd., and PDD Holdings.
The views expressed in this report are exclusively those of the portfolio management team at Axiom Investors LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class A shares were first offered 5-3-19. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| NVIDIA Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Meta Platforms, Inc., Class A | |
| Hitachi, Ltd. | |
| Mitsubishi Heavy Industries, Ltd. | |
| Microsoft Corp. | |
| SAP SE | |
| BAE Systems PLC | |
| Unilever PLC | |
| MercadoLibre, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Financials | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Energy | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988650
474A-A
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Dynamic Growth Fund (Class C/JIJCX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
International Dynamic Growth Fund (Class C/JIJCX) returned 41.86% (excluding sales charges) for the year ended October 31, 2024. Key factors that affected fund performance during the period included easing global inflationary pressures, interest-rate cuts by major central banks, and moderating economic growth.
TOP PERFORMANCE CONTRIBUTORS
Top sectors | The top-performing sectors on an absolute basis for the period included information technology led by NVIDIA Corp. and Taiwan Semiconductor Manufacturing Company, Ltd., industrials led by Mitsubishi Heavy Industries, Ltd., and Hitachi, Ltd., and consumer discretionary led by MercadoLibre, Inc., and Ferrari NV.
Top markets | The top-performing markets on an absolute basis included the United States, led by NVIDIA and Meta Platforms, Inc., Japan, led by Mitsubishi Heavy and Hitachi, and Taiwan, led by Taiwan Semiconductor.
Specific holdings | From an individual stock perspective, strong absolute contributors also included SAP SE, Novo Nordisk, Ferrari NV, and Microsoft Corp.
TOP PERFORMANCE DETRACTORS
Energy | Although no sectors generated negative returns on an absolute basis, holdings in the energy sector produced the smallest contribution.
China | The sole country that detracted from absolute performance was China, due to PDD Holdings Inc.
Specific holdings | From an individual stock perspective, the largest absolute detractors were Airbus SE, Unilever PLC, AstraZeneca PLC, Kuraray Company, Ltd., and PDD Holdings.
The views expressed in this report are exclusively those of the portfolio management team at Axiom Investors LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class C shares were first offered 5-3-19. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| NVIDIA Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Meta Platforms, Inc., Class A | |
| Hitachi, Ltd. | |
| Mitsubishi Heavy Industries, Ltd. | |
| Microsoft Corp. | |
| SAP SE | |
| BAE Systems PLC | |
| Unilever PLC | |
| MercadoLibre, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Financials | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Energy | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988650
474A-C
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Dynamic Growth Fund (Class I/JIJIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
International Dynamic Growth Fund (Class I/JIJIX) returned 43.28% for the year ended October 31, 2024. Key factors that affected fund performance during the period included easing global inflationary pressures, interest-rate cuts by major central banks, and moderating economic growth.
TOP PERFORMANCE CONTRIBUTORS
Top sectors | The top-performing sectors on an absolute basis for the period included information technology led by NVIDIA Corp. and Taiwan Semiconductor Manufacturing Company, Ltd., industrials led by Mitsubishi Heavy Industries, Ltd., and Hitachi, Ltd., and consumer discretionary led by MercadoLibre, Inc., and Ferrari NV.
Top markets | The top-performing markets on an absolute basis included the United States, led by NVIDIA and Meta Platforms, Inc., Japan, led by Mitsubishi Heavy and Hitachi, and Taiwan, led by Taiwan Semiconductor.
Specific holdings | From an individual stock perspective, strong absolute contributors also included SAP SE, Novo Nordisk, Ferrari NV, and Microsoft Corp.
TOP PERFORMANCE DETRACTORS
Energy | Although no sectors generated negative returns on an absolute basis, holdings in the energy sector produced the smallest contribution.
China | The sole country that detracted from absolute performance was China, due to PDD Holdings Inc.
Specific holdings | From an individual stock perspective, the largest absolute detractors were Airbus SE, Unilever PLC, AstraZeneca PLC, Kuraray Company, Ltd., and PDD Holdings.
The views expressed in this report are exclusively those of the portfolio management team at Axiom Investors LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class I shares were first offered 5-3-19. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| NVIDIA Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Meta Platforms, Inc., Class A | |
| Hitachi, Ltd. | |
| Mitsubishi Heavy Industries, Ltd. | |
| Microsoft Corp. | |
| SAP SE | |
| BAE Systems PLC | |
| Unilever PLC | |
| MercadoLibre, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Financials | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Energy | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988650
474A-I
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Dynamic Growth Fund (Class NAV) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
International Dynamic Growth Fund (Class NAV) returned 43.36% for the year ended October 31, 2024. Key factors that affected fund performance during the period included easing global inflationary pressures, interest-rate cuts by major central banks, and moderating economic growth.
TOP PERFORMANCE CONTRIBUTORS
Top sectors | The top-performing sectors on an absolute basis for the period included information technology led by NVIDIA Corp. and Taiwan Semiconductor Manufacturing Company, Ltd., industrials led by Mitsubishi Heavy Industries, Ltd., and Hitachi, Ltd., and consumer discretionary led by MercadoLibre, Inc., and Ferrari NV.
Top markets | The top-performing markets on an absolute basis included the United States, led by NVIDIA and Meta Platforms, Inc., Japan, led by Mitsubishi Heavy and Hitachi, and Taiwan, led by Taiwan Semiconductor.
Specific holdings | From an individual stock perspective, strong absolute contributors also included SAP SE, Novo Nordisk, Ferrari NV, and Microsoft Corp.
TOP PERFORMANCE DETRACTORS
Energy | Although no sectors generated negative returns on an absolute basis, holdings in the energy sector produced the smallest contribution.
China | The sole country that detracted from absolute performance was China, due to PDD Holdings Inc.
Specific holdings | From an individual stock perspective, the largest absolute detractors were Airbus SE, Unilever PLC, AstraZeneca PLC, Kuraray Company, Ltd., and PDD Holdings.
The views expressed in this report are exclusively those of the portfolio management team at Axiom Investors LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| NVIDIA Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Meta Platforms, Inc., Class A | |
| Hitachi, Ltd. | |
| Mitsubishi Heavy Industries, Ltd. | |
| Microsoft Corp. | |
| SAP SE | |
| BAE Systems PLC | |
| Unilever PLC | |
| MercadoLibre, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Financials | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Energy | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988650
474A-NAV
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| International Dynamic Growth Fund (Class R6/JIJRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
International Dynamic Growth Fund (Class R6/JIJRX) returned 43.40% for the year ended October 31, 2024. Key factors that affected fund performance during the period included easing global inflationary pressures, interest-rate cuts by major central banks, and moderating economic growth.
TOP PERFORMANCE CONTRIBUTORS
Top sectors | The top-performing sectors on an absolute basis for the period included information technology led by NVIDIA Corp. and Taiwan Semiconductor Manufacturing Company, Ltd., industrials led by Mitsubishi Heavy Industries, Ltd., and Hitachi, Ltd., and consumer discretionary led by MercadoLibre, Inc., and Ferrari NV.
Top markets | The top-performing markets on an absolute basis included the United States, led by NVIDIA and Meta Platforms, Inc., Japan, led by Mitsubishi Heavy and Hitachi, and Taiwan, led by Taiwan Semiconductor.
Specific holdings | From an individual stock perspective, strong absolute contributors also included SAP SE, Novo Nordisk, Ferrari NV, and Microsoft Corp.
TOP PERFORMANCE DETRACTORS
Energy | Although no sectors generated negative returns on an absolute basis, holdings in the energy sector produced the smallest contribution.
China | The sole country that detracted from absolute performance was China, due to PDD Holdings Inc.
Specific holdings | From an individual stock perspective, the largest absolute detractors were Airbus SE, Unilever PLC, AstraZeneca PLC, Kuraray Company, Ltd., and PDD Holdings.
The views expressed in this report are exclusively those of the portfolio management team at Axiom Investors LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index. |
|
Class R6 shares were first offered 5-3-19. Returns prior to this date are those of Class NAV shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| NVIDIA Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Meta Platforms, Inc., Class A | |
| Hitachi, Ltd. | |
| Mitsubishi Heavy Industries, Ltd. | |
| Microsoft Corp. | |
| SAP SE | |
| BAE Systems PLC | |
| Unilever PLC | |
| MercadoLibre, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Financials | |
| Consumer discretionary | |
| Communication services | |
| Health care | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Energy | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988650
474A-R6
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Thematic Opportunities Fund (Class A/JTKAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Thematic Opportunities Fund (Class A/JTKAX) returned 30.83% (excluding sales charges) for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology (IT) and communication services companies emerged as the strongest performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Key AI beneficiaries | Semiconductor makers NVIDIA Corp., Taiwan Semiconductor Manufacturing Company, Ltd. and KLA Corp. were the strongest contributors to returns as this nascent market for AI chips continues to impress investors with strong profit growth and a rapidly expanding market.
Industrials | The fund’s holdings in the sector were a significant contributor to returns. Schneider Electric SE rose on strong demand from datacenter and electrical infrastructure end markets while waste management provider Republic Services, Inc. was supported by solid earnings growth driven by strong pricing and continued shedding of lower margin business.
Health care | Sector performance was led by medical device maker Boston Scientific Corp., which delivered above-average performance thanks to product innovations such as its Farapulse device to treat irregular heart rhythm.
TOP PERFORMANCE DETRACTORS
Consumer staples | The fund’s holdings in this sector were negative for the period. Cosmetics maker L’Oreal SA was hurt by weaker global demand, especially in Asian markets like China.
Weakness in specific holdings | The largest negative contribution came from Samsung Electronics Company, Inc. in the IT sector. The stock was hurt by product certification delays by a key semiconductor customer, greater competition in the semiconductor equipment industry, and cyclical headwinds in the semiconductor memory market. Athleisure company Lululemon Athletica, Inc., a designer of yoga apparel in the consumer discretionary sector, suffered from slower growth and worries over competitive pressures. Meanwhile, Sunnova Energy International, Inc. suffered due to high interest rates increasing financing costs to fuel solar project growth while demand for new solar installations was weak.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Visa, Inc., Class A | |
| UnitedHealth Group, Inc. | |
| Thermo Fisher Scientific, Inc. | |
| Microsoft Corp. | |
| NextEra Energy, Inc. | |
| NVIDIA Corp. | |
| Roper Technologies, Inc. | |
| Amazon.com, Inc. | |
| Alphabet, Inc., Class A | |
| ASML Holding NV | |
Sector Composition
| Information technology | |
| Health care | |
| Consumer discretionary | |
| Industrials | |
| Financials | |
| Communication services | |
| Utilities | |
| Materials | |
| Consumer staples | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988628
471A-A
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Thematic Opportunities Fund (Class C/JTKCX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Thematic Opportunities Fund (Class C/JTKCX) returned 29.94% (excluding sales charges) for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology (IT) and communication services companies emerged as the strongest performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Key AI beneficiaries | Semiconductor makers NVIDIA Corp., Taiwan Semiconductor Manufacturing Company, Ltd. and KLA Corp. were the strongest contributors to returns as this nascent market for AI chips continues to impress investors with strong profit growth and a rapidly expanding market.
Industrials | The fund’s holdings in the sector were a significant contributor to returns. Schneider Electric SE rose on strong demand from datacenter and electrical infrastructure end markets while waste management provider Republic Services, Inc. was supported by solid earnings growth driven by strong pricing and continued shedding of lower margin business.
Health care | Sector performance was led by medical device maker Boston Scientific Corp., which delivered above-average performance thanks to product innovations such as its Farapulse device to treat irregular heart rhythm.
TOP PERFORMANCE DETRACTORS
Consumer staples | The fund’s holdings in this sector were negative for the period. Cosmetics maker L’Oreal SA was hurt by weaker global demand, especially in Asian markets like China.
Weakness in specific holdings | The largest negative contribution came from Samsung Electronics Company, Inc. in the IT sector. The stock was hurt by product certification delays by a key semiconductor customer, greater competition in the semiconductor equipment industry, and cyclical headwinds in the semiconductor memory market. Athleisure company Lululemon Athletica, Inc., a designer of yoga apparel in the consumer discretionary sector, suffered from slower growth and worries over competitive pressures. Meanwhile, Sunnova Energy International, Inc. suffered due to high interest rates increasing financing costs to fuel solar project growth while demand for new solar installations was weak.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291 . The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Visa, Inc., Class A | |
| UnitedHealth Group, Inc. | |
| Thermo Fisher Scientific, Inc. | |
| Microsoft Corp. | |
| NextEra Energy, Inc. | |
| NVIDIA Corp. | |
| Roper Technologies, Inc. | |
| Amazon.com, Inc. | |
| Alphabet, Inc., Class A | |
| ASML Holding NV | |
Sector Composition
| Information technology | |
| Health care | |
| Consumer discretionary | |
| Industrials | |
| Financials | |
| Communication services | |
| Utilities | |
| Materials | |
| Consumer staples | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988628
471A-C
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Thematic Opportunities Fund (Class I/JTKIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Thematic Opportunities Fund (Class I/JTKIX) returned 31.17% for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology (IT) and communication services companies emerged as the strongest performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Key AI beneficiaries | Semiconductor makers NVIDIA Corp., Taiwan Semiconductor Manufacturing Company, Ltd. and KLA Corp. were the strongest contributors to returns as this nascent market for AI chips continues to impress investors with strong profit growth and a rapidly expanding market.
Industrials | The fund’s holdings in the sector were a significant contributor to returns. Schneider Electric SE rose on strong demand from datacenter and electrical infrastructure end markets while waste management provider Republic Services, Inc. was supported by solid earnings growth driven by strong pricing and continued shedding of lower margin business.
Health care | Sector performance was led by medical device maker Boston Scientific Corp., which delivered above-average performance thanks to product innovations such as its Farapulse device to treat irregular heart rhythm.
TOP PERFORMANCE DETRACTORS
Consumer staples | The fund’s holdings in this sector were negative for the period. Cosmetics maker L’Oreal SA was hurt by weaker global demand, especially in Asian markets like China.
Weakness in specific holdings | The largest negative contribution came from Samsung Electronics Company, Inc. in the IT sector. The stock was hurt by product certification delays by a key semiconductor customer, greater competition in the semiconductor equipment industry, and cyclical headwinds in the semiconductor memory market. Athleisure company Lululemon Athletica, Inc., a designer of yoga apparel in the consumer discretionary sector, suffered from slower growth and worries over competitive pressures. Meanwhile, Sunnova Energy International, Inc. suffered due to high interest rates increasing financing costs to fuel solar project growth while demand for new solar installations was weak.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results . The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Visa, Inc., Class A | |
| UnitedHealth Group, Inc. | |
| Thermo Fisher Scientific, Inc. | |
| Microsoft Corp. | |
| NextEra Energy, Inc. | |
| NVIDIA Corp. | |
| Roper Technologies, Inc. | |
| Amazon.com, Inc. | |
| Alphabet, Inc., Class A | |
| ASML Holding NV | |
Sector Composition
| Information technology | |
| Health care | |
| Consumer discretionary | |
| Industrials | |
| Financials | |
| Communication services | |
| Utilities | |
| Materials | |
| Consumer staples | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988628
471A-I
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Thematic Opportunities Fund (Class NAV/JTKNX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Thematic Opportunities Fund (Class NAV/JTKNX) returned 31.32% for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology (IT) and communication services companies emerged as the strongest performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Key AI beneficiaries | Semiconductor makers NVIDIA Corp., Taiwan Semiconductor Manufacturing Company, Ltd. and KLA Corp. were the strongest contributors to returns as this nascent market for AI chips continues to impress investors with strong profit growth and a rapidly expanding market.
Industrials | The fund’s holdings in the sector were a significant contributor to returns. Schneider Electric SE rose on strong demand from datacenter and electrical infrastructure end markets while waste management provider Republic Services, Inc. was supported by solid earnings growth driven by strong pricing and continued shedding of lower margin business.
Health care | Sector performance was led by medical device maker Boston Scientific Corp., which delivered above-average performance thanks to product innovations such as its Farapulse device to treat irregular heart rhythm.
TOP PERFORMANCE DETRACTORS
Consumer staples | The fund’s holdings in this sector were negative for the period. Cosmetics maker L’Oreal SA was hurt by weaker global demand, especially in Asian markets like China.
Weakness in specific holdings | The largest negative contribution came from Samsung Electronics Company, Inc. in the IT sector. The stock was hurt by product certification delays by a key semiconductor customer, greater competition in the semiconductor equipment industry, and cyclical headwinds in the semiconductor memory market. Athleisure company Lululemon Athletica, Inc., a designer of yoga apparel in the consumer discretionary sector, suffered from slower growth and worries over competitive pressures. Meanwhile, Sunnova Energy International, Inc. suffered due to high interest rates increasing financing costs to fuel solar project growth while demand for new solar installations was weak.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Visa, Inc., Class A | |
| UnitedHealth Group, Inc. | |
| Thermo Fisher Scientific, Inc. | |
| Microsoft Corp. | |
| NextEra Energy, Inc. | |
| NVIDIA Corp. | |
| Roper Technologies, Inc. | |
| Amazon.com, Inc. | |
| Alphabet, Inc., Class A | |
| ASML Holding NV | |
Sector Composition
| Information technology | |
| Health care | |
| Consumer discretionary | |
| Industrials | |
| Financials | |
| Communication services | |
| Utilities | |
| Materials | |
| Consumer staples | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988628
471A-NAV
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Thematic Opportunities Fund (Class R6/JTKRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Thematic Opportunities Fund (Class R6/JTKRX) returned 31.33% for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology (IT) and communication services companies emerged as the strongest performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Key AI beneficiaries | Semiconductor makers NVIDIA Corp., Taiwan Semiconductor Manufacturing Company, Ltd. and KLA Corp. were the strongest contributors to returns as this nascent market for AI chips continues to impress investors with strong profit growth and a rapidly expanding market.
Industrials | The fund’s holdings in the sector were a significant contributor to returns. Schneider Electric SE rose on strong demand from datacenter and electrical infrastructure end markets while waste management provider Republic Services, Inc. was supported by solid earnings growth driven by strong pricing and continued shedding of lower margin business.
Health care | Sector performance was led by medical device maker Boston Scientific Corp., which delivered above-average performance thanks to product innovations such as its Farapulse device to treat irregular heart rhythm.
TOP PERFORMANCE DETRACTORS
Consumer staples | The fund’s holdings in this sector were negative for the period. Cosmetics maker L’Oreal SA was hurt by weaker global demand, especially in Asian markets like China.
Weakness in specific holdings | The largest negative contribution came from Samsung Electronics Company, Inc. in the IT sector. The stock was hurt by product certification delays by a key semiconductor customer, greater competition in the semiconductor equipment industry, and cyclical headwinds in the semiconductor memory market. Athleisure company Lululemon Athletica, Inc., a designer of yoga apparel in the consumer discretionary sector, suffered from slower growth and worries over competitive pressures. Meanwhile, Sunnova Energy International, Inc. suffered due to high interest rates increasing financing costs to fuel solar project growth while demand for new solar installations was weak.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Visa, Inc., Class A | |
| UnitedHealth Group, Inc. | |
| Thermo Fisher Scientific, Inc. | |
| Microsoft Corp. | |
| NextEra Energy, Inc. | |
| NVIDIA Corp. | |
| Roper Technologies, Inc. | |
| Amazon.com, Inc. | |
| Alphabet, Inc., Class A | |
| ASML Holding NV | |
Sector Composition
| Information technology | |
| Health care | |
| Consumer discretionary | |
| Industrials | |
| Financials | |
| Communication services | |
| Utilities | |
| Materials | |
| Consumer staples | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988628
471A-R6
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Environmental Opportunities Fund (Class A/JABZX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Environmental Opportunities Fund (Class A/JABZX) returned 26.32% (excluding sales charges) for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology and communication services companies emerged as strong performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Energy efficiency | The fund’s holdings in this environmental segment, notably Eaton Corp. PLC, Schneider Electric SE, Trane Technologies PLC and Carrier Global Corp., benefited from a significant wave of investments (particularly in the U.S.) going into mega projects aimed at reshoring manufacturing capacity and the buildout of electrical infrastructure for various different applications ranging from the electric grid upgrades to AI data centers.
Environmental consulting | The fund's position in Tetra Tech, Inc. and AECOM, which are engaged in pollution control, gained as a result of record backlogs, with demand for their services driven by investments in water management and treatment, environmental compliance and remediation, reshoring manufacturing capacity and infrastructure resilience and climate adaptation.
Waste management & Recycling | Republic Services, Inc. and Waste Connections, Inc. contributed positively due to solid earnings growth driven by strong pricing, notably for industrial.
TOP PERFORMANCE DETRACTORS
Sustainable packaging | Companies manufacturing containerboard and paper packaging such as Smurfit Westrock PLC and SIG Combibloc Group AG hurt performance as containerboard prices remained subdued and the industry grappled with oversupply.
Dematerialized economy | Several industrial software companies supporting sustainable product design and resource efficiency, including Dassault Systemes SE, ANSYS, Inc. and Hexagon AB, meanwhile, saw their shares negatively impacted by weaker economic data and a slowdown in several key end markets including automotive and pharmaceuticals.
Water supply & techonologies | Advanced Drainage Systems, Inc., a provider of pipes and other products for floodwater management and U.S. municipal water infrastructure, was hurt by weak economic data.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Republic Services, Inc. | |
| Waste Connections, Inc. | |
| Equinix, Inc. | |
| Carrier Global Corp. | |
| Synopsys, Inc. | |
| Tetra Tech, Inc. | |
| Eaton Corp. PLC | |
| Agilent Technologies, Inc. | |
| AECOM | |
| WSP Global, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Materials | |
| Utilities | |
| Health care | |
| Real estate | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988595
482A-A
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Environmental Opportunities Fund (Class C/JABYX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Environmental Opportunities Fund (Class C/JABYX) returned 25.33% (excluding sales charges) for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology and communication services companies emerged as strong performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Energy efficiency | The fund’s holdings in this environmental segment, notably Eaton Corp. PLC, Schneider Electric SE, Trane Technologies PLC and Carrier Global Corp., benefited from a significant wave of investments (particularly in the U.S.) going into mega projects aimed at reshoring manufacturing capacity and the buildout of electrical infrastructure for various different applications ranging from the electric grid upgrades to AI data centers.
Environmental consulting | The fund's position in Tetra Tech, Inc. and AECOM, which are engaged in pollution control, gained as a result of record backlogs, with demand for their services driven by investments in water management and treatment, environmental compliance and remediation, reshoring manufacturing capacity and infrastructure resilience and climate adaptation.
Waste management & Recycling | Republic Services, Inc. and Waste Connections, Inc. contributed positively due to solid earnings growth driven by strong pricing, notably for industrial.
TOP PERFORMANCE DETRACTORS
Sustainable packaging | Companies manufacturing containerboard and paper packaging such as Smurfit Westrock PLC and SIG Combibloc Group AG hurt performance as containerboard prices remained subdued and the industry grappled with oversupply.
Dematerialized economy | Several industrial software companies supporting sustainable product design and resource efficiency, including Dassault Systemes SE, ANSYS, Inc. and Hexagon AB, meanwhile, saw their shares negatively impacted by weaker economic data and a slowdown in several key end markets including automotive and pharmaceuticals.
Water supply & techonologies | Advanced Drainage Systems, Inc., a provider of pipes and other products for floodwater management and U.S. municipal water infrastructure, was hurt by weak economic data.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Republic Services, Inc. | |
| Waste Connections, Inc. | |
| Equinix, Inc. | |
| Carrier Global Corp. | |
| Synopsys, Inc. | |
| Tetra Tech, Inc. | |
| Eaton Corp. PLC | |
| Agilent Technologies, Inc. | |
| AECOM | |
| WSP Global, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Materials | |
| Utilities | |
| Health care | |
| Real estate | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988595
482A-C
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Environmental Opportunities Fund (Class I/JABVX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Environmental Opportunities Fund (Class I/JABVX) returned 26.71% for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology and communication services companies emerged as strong performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Energy efficiency | The fund’s holdings in this environmental segment, notably Eaton Corp. PLC, Schneider Electric SE, Trane Technologies PLC and Carrier Global Corp., benefited from a significant wave of investments (particularly in the U.S.) going into mega projects aimed at reshoring manufacturing capacity and the buildout of electrical infrastructure for various different applications ranging from the electric grid upgrades to AI data centers.
Environmental consulting | The fund's position in Tetra Tech, Inc. and AECOM, which are engaged in pollution control, gained as a result of record backlogs, with demand for their services driven by investments in water management and treatment, environmental compliance and remediation, reshoring manufacturing capacity and infrastructure resilience and climate adaptation.
Waste management & Recycling | Republic Services, Inc. and Waste Connections, Inc. contributed positively due to solid earnings growth driven by strong pricing, notably for industrial.
TOP PERFORMANCE DETRACTORS
Sustainable packaging | Companies manufacturing containerboard and paper packaging such as Smurfit Westrock PLC and SIG Combibloc Group AG hurt performance as containerboard prices remained subdued and the industry grappled with oversupply.
Dematerialized economy | Several industrial software companies supporting sustainable product design and resource efficiency, including Dassault Systemes SE, ANSYS, Inc. and Hexagon AB, meanwhile, saw their shares negatively impacted by weaker economic data and a slowdown in several key end markets including automotive and pharmaceuticals.
Water supply & techonologies | Advanced Drainage Systems, Inc., a provider of pipes and other products for floodwater management and U.S. municipal water infrastructure, was hurt by weak economic data.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Republic Services, Inc. | |
| Waste Connections, Inc. | |
| Equinix, Inc. | |
| Carrier Global Corp. | |
| Synopsys, Inc. | |
| Tetra Tech, Inc. | |
| Eaton Corp. PLC | |
| Agilent Technologies, Inc. | |
| AECOM | |
| WSP Global, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Materials | |
| Utilities | |
| Health care | |
| Real estate | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988595
482A-I
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Global Environmental Opportunities Fund (Class R6/JACDX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Global Environmental Opportunities Fund (Class R6/JACDX) returned 26.92% for the year ended October 31, 2024. Global equities delivered strong performance as inflationary pressures subsided and a hard economic landing in the U.S. was avoided. With inflation edging closer to central bank target levels, interest-rate policy turned supportive. Sector-wise, information technology and communication services companies emerged as strong performers, with returns concentrated among a few large companies, particularly those associated with artificial intelligence (AI)-focused infrastructure investments.
TOP PERFORMANCE CONTRIBUTORS
Energy efficiency | The fund’s holdings in this environmental segment, notably Eaton Corp. PLC, Schneider Electric SE, Trane Technologies PLC and Carrier Global Corp., benefited from a significant wave of investments (particularly in the U.S.) going into mega projects aimed at reshoring manufacturing capacity and the buildout of electrical infrastructure for various different applications ranging from the electric grid upgrades to AI data centers.
Environmental consulting | The fund's position in Tetra Tech, Inc. and AECOM, which are engaged in pollution control, gained as a result of record backlogs, with demand for their services driven by investments in water management and treatment, environmental compliance and remediation, reshoring manufacturing capacity and infrastructure resilience and climate adaptation.
Waste management & Recycling | Republic Services, Inc. and Waste Connections, Inc. contributed positively due to solid earnings growth driven by strong pricing, notably for industrial.
TOP PERFORMANCE DETRACTORS
Sustainable packaging | Companies manufacturing containerboard and paper packaging such as Smurfit Westrock PLC and SIG Combibloc Group AG hurt performance as containerboard prices remained subdued and the industry grappled with oversupply.
Dematerialized economy | Several industrial software companies supporting sustainable product design and resource efficiency, including Dassault Systemes SE, ANSYS, Inc. and Hexagon AB, meanwhile, saw their shares negatively impacted by weaker economic data and a slowdown in several key end markets including automotive and pharmaceuticals.
Water supply & techonologies | Advanced Drainage Systems, Inc., a provider of pipes and other products for floodwater management and U.S. municipal water infrastructure, was hurt by weak economic data.
The views expressed in this report are exclusively those of the portfolio management team at Pictet Asset Management SA, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | Since inception |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Republic Services, Inc. | |
| Waste Connections, Inc. | |
| Equinix, Inc. | |
| Carrier Global Corp. | |
| Synopsys, Inc. | |
| Tetra Tech, Inc. | |
| Eaton Corp. PLC | |
| Agilent Technologies, Inc. | |
| AECOM | |
| WSP Global, Inc. | |
Sector Composition
| Industrials | |
| Information technology | |
| Materials | |
| Utilities | |
| Health care | |
| Real estate | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988595
482A-R6
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG Large Cap Core Fund (Class A/JHJAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG Large Cap Core Fund (Class A/JHJAX) returned 31.49% (excluding sales charges) for the year ended October 31, 2024. Large-cap U.S. equities registered strong performance in the annual period. Most of the gains were driven by a handful of technology-related growth stocks, which benefited from investors’ excitement about the business opportunity for artificial intelligence.
TOP PERFORMANCE CONTRIBUTORS
Information technology | The fund benefited from several strong performers in the sector, led by NVIDIA Corp., which the market viewed as among the leading beneficiaries of the AI boom. Other notable individual contributors included Microsoft Corp. and Apple, Inc.
Financials | Favorable performance in the sector was led by The Progressive Corp., whose strong business execution lifted shares of this insurance company. MasterCard, Inc. also contributed, as the consumer finance provider benefited from better-than-expected consumer and business spending.
Industrials | Trane Technologies PLC, a company focused on heating, ventilation, and air conditioning systems, added value, as a better-than-expected business environment boosted the stock’s result.
TOP PERFORMANCE DETRACTORS
Intel Corp. | Weaker-than-anticipated gross margins, along with a scale back in planned capital expenditures weighed on the stock of this semiconductor company.
Aptiv PLC | Shares of this maker of car parts, including for electric vehicles, lagged amid a relatively weak car-sales market and declining optimism about growth in EV usage.
The views expressed in this report are exclusively those of the portfolio management team at Trillium Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated S&P 500 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Microsoft Corp. | |
| NVIDIA Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Costco Wholesale Corp. | |
| Mastercard, Inc., Class A | |
| The TJX Companies, Inc. | |
| ServiceNow, Inc. | |
| UnitedHealth Group, Inc. | |
| The Progressive Corp. | |
Sector Composition
| Information technology | |
| Financials | |
| Health care | |
| Industrials | |
| Communication services | |
| Consumer discretionary | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Utilities | |
| Short-term investments and other |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Material Fund Changes
On March 1 ,2024 , the fund’s Principal investment strategies were updated to include the following:
As part of its ESG analysis, the manager currently identifies certain industries and business activities as too environmentally risky or as presenting social outcomes that are too unattractive to warrant investment consideration. The manager employs qualitative and quantitative screens to exclude or restrict these types of investments. The fund does not invest in companies that are primarily engaged in fossil fuel production or fossil fuel-powered generation based on a company's total gross revenue unless the company demonstrates a plan to transition to a low carbon business model that the manager finds credible. At a minimum, to be considered for investment, these companies must derive a material portion of current revenue from renewable energy or enabling technology and have no commitments to invest in new fossil fuel exploration, production, storage, transport (excluding distribution), trading, or refining capacity, new fossil fuel-based power generation without emissions capture, or new nuclear power generation. The fund will not invest in any companies that derive a material proportion of their total gross revenue from business activities related to agricultural biotechnology, coal and certain types of mining, pornography, private prisons, tar sands (e.g., oil sands), arctic drilling, tobacco, casinos and gaming, and weapons/firearms. The fund also will not invest in any companies with major recent or ongoing controversies involving animal welfare, environmental, governance, human rights, product safety, or workplace matters. When assessing a controversy, the manager will consider the potential for a controversy to adversely impact a company’s financial performance or cause harm to the company’s stakeholders.
This is a summary of certain changes to the fund since 11-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988566
467A-A
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG Large Cap Core Fund (Class C/JHJCX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG Large Cap Core Fund (Class C/JHJCX) returned 30.50% (excluding sales charges) for the year ended October 31, 2024. Large-cap U.S. equities registered strong performance in the annual period. Most of the gains were driven by a handful of technology-related growth stocks, which benefited from investors’ excitement about the business opportunity for artificial intelligence.
TOP PERFORMANCE CONTRIBUTORS
Information technology | The fund benefited from several strong performers in the sector, led by NVIDIA Corp., which the market viewed as among the leading beneficiaries of the AI boom. Other notable individual contributors included Microsoft Corp. and Apple, Inc.
Financials | Favorable performance in the sector was led by The Progressive Corp., whose strong business execution lifted shares of this insurance company. MasterCard, Inc. also contributed, as the consumer finance provider benefited from better-than-expected consumer and business spending.
Industrials | Trane Technologies PLC, a company focused on heating, ventilation, and air conditioning systems, added value, as a better-than-expected business environment boosted the stock’s result.
TOP PERFORMANCE DETRACTORS
Intel Corp. | Weaker-than-anticipated gross margins, along with a scale back in planned capital expenditures weighed on the stock of this semiconductor company.
Aptiv PLC | Shares of this maker of car parts, including for electric vehicles, lagged amid a relatively weak car-sales market and declining optimism about growth in EV usage.
The views expressed in this report are exclusively those of the portfolio management team at Trillium Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated S&P 500 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Microsoft Corp. | |
| NVIDIA Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Costco Wholesale Corp. | |
| Mastercard, Inc., Class A | |
| The TJX Companies, Inc. | |
| ServiceNow, Inc. | |
| UnitedHealth Group, Inc. | |
| The Progressive Corp. | |
Sector Composition
| Information technology | |
| Financials | |
| Health care | |
| Industrials | |
| Communication services | |
| Consumer discretionary | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Utilities | |
| Short-term investments and other |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Material Fund Changes
On March 1 ,2024 , the fund’s Principal investment strategies were updated to include the following:
As part of its ESG analysis, the manager currently identifies certain industries and business activities as too environmentally risky or as presenting social outcomes that are too unattractive to warrant investment consideration. The manager employs qualitative and quantitative screens to exclude or restrict these types of investments. The fund does not invest in companies that are primarily engaged in fossil fuel production or fossil fuel-powered generation based on a company's total gross revenue unless the company demonstrates a plan to transition to a low carbon business model that the manager finds credible. At a minimum, to be considered for investment, these companies must derive a material portion of current revenue from renewable energy or enabling technology and have no commitments to invest in new fossil fuel exploration, production, storage, transport (excluding distribution), trading, or refining capacity, new fossil fuel-based power generation without emissions capture, or new nuclear power generation. The fund will not invest in any companies that derive a material proportion of their total gross revenue from business activities related to agricultural biotechnology, coal and certain types of mining, pornography, private prisons, tar sands (e.g., oil sands), arctic drilling, tobacco, casinos and gaming, and weapons/firearms. The fund also will not invest in any companies with major recent or ongoing controversies involving animal welfare, environmental, governance, human rights, product safety, or workplace matters. When assessing a controversy, the manager will consider the potential for a controversy to adversely impact a company’s financial performance or cause harm to the company’s stakeholders.
This is a summary of certain changes to the fund since 11-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988566
467A-C
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG Large Cap Core Fund (Class I/JHJIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG Large Cap Core Fund (Class I/JHJIX) returned 31.82% for the year ended October 31, 2024. Large-cap U.S. equities registered strong performance in the annual period. Most of the gains were driven by a handful of technology-related growth stocks, which benefited from investors’ excitement about the business opportunity for artificial intelligence.
TOP PERFORMANCE CONTRIBUTORS
Information technology | The fund benefited from several strong performers in the sector, led by NVIDIA Corp., which the market viewed as among the leading beneficiaries of the AI boom. Other notable individual contributors included Microsoft Corp. and Apple, Inc.
Financials | Favorable performance in the sector was led by The Progressive Corp., whose strong business execution lifted shares of this insurance company. MasterCard, Inc. also contributed, as the consumer finance provider benefited from better-than-expected consumer and business spending.
Industrials | Trane Technologies PLC, a company focused on heating, ventilation, and air conditioning systems, added value, as a better-than-expected business environment boosted the stock’s result.
TOP PERFORMANCE DETRACTORS
Intel Corp. | Weaker-than-anticipated gross margins, along with a scale back in planned capital expenditures weighed on the stock of this semiconductor company.
Aptiv PLC | Shares of this maker of car parts, including for electric vehicles, lagged amid a relatively weak car-sales market and declining optimism about growth in EV usage.
The views expressed in this report are exclusively those of the portfolio management team at Trillium Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated S&P 500 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Microsoft Corp. | |
| NVIDIA Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Costco Wholesale Corp. | |
| Mastercard, Inc., Class A | |
| The TJX Companies, Inc. | |
| ServiceNow, Inc. | |
| UnitedHealth Group, Inc. | |
| The Progressive Corp. | |
Sector Composition
| Information technology | |
| Financials | |
| Health care | |
| Industrials | |
| Communication services | |
| Consumer discretionary | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Utilities | |
| Short-term investments and other |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Material Fund Changes
On March 1 ,2024 , the fund’s Principal investment strategies were updated to include the following:
As part of its ESG analysis, the manager currently identifies certain industries and business activities as too environmentally risky or as presenting social outcomes that are too unattractive to warrant investment consideration. The manager employs qualitative and quantitative screens to exclude or restrict these types of investments. The fund does not invest in companies that are primarily engaged in fossil fuel production or fossil fuel-powered generation based on a company's total gross revenue unless the company demonstrates a plan to transition to a low carbon business model that the manager finds credible. At a minimum, to be considered for investment, these companies must derive a material portion of current revenue from renewable energy or enabling technology and have no commitments to invest in new fossil fuel exploration, production, storage, transport (excluding distribution), trading, or refining capacity, new fossil fuel-based power generation without emissions capture, or new nuclear power generation. The fund will not invest in any companies that derive a material proportion of their total gross revenue from business activities related to agricultural biotechnology, coal and certain types of mining, pornography, private prisons, tar sands (e.g., oil sands), arctic drilling, tobacco, casinos and gaming, and weapons/firearms. The fund also will not invest in any companies with major recent or ongoing controversies involving animal welfare, environmental, governance, human rights, product safety, or workplace matters. When assessing a controversy, the manager will consider the potential for a controversy to adversely impact a company’s financial performance or cause harm to the company’s stakeholders.
This is a summary of certain changes to the fund since 11-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988566
467A-I
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG Large Cap Core Fund (Class R6/JHJRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG Large Cap Core Fund (Class R6/JHJRX) returned 31.97% for the year ended October 31, 2024. Large-cap U.S. equities registered strong performance in the annual period. Most of the gains were driven by a handful of technology-related growth stocks, which benefited from investors’ excitement about the business opportunity for artificial intelligence.
TOP PERFORMANCE CONTRIBUTORS
Information technology | The fund benefited from several strong performers in the sector, led by NVIDIA Corp., which the market viewed as among the leading beneficiaries of the AI boom. Other notable individual contributors included Microsoft Corp. and Apple, Inc.
Financials | Favorable performance in the sector was led by The Progressive Corp., whose strong business execution lifted shares of this insurance company. MasterCard, Inc. also contributed, as the consumer finance provider benefited from better-than-expected consumer and business spending.
Industrials | Trane Technologies PLC, a company focused on heating, ventilation, and air conditioning systems, added value, as a better-than-expected business environment boosted the stock’s result.
TOP PERFORMANCE DETRACTORS
Intel Corp. | Weaker-than-anticipated gross margins, along with a scale back in planned capital expenditures weighed on the stock of this semiconductor company.
Aptiv PLC | Shares of this maker of car parts, including for electric vehicles, lagged amid a relatively weak car-sales market and declining optimism about growth in EV usage.
The views expressed in this report are exclusively those of the portfolio management team at Trillium Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated S&P 500 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Microsoft Corp. | |
| NVIDIA Corp. | |
| Apple, Inc. | |
| Alphabet, Inc., Class A | |
| Costco Wholesale Corp. | |
| Mastercard, Inc., Class A | |
| The TJX Companies, Inc. | |
| ServiceNow, Inc. | |
| UnitedHealth Group, Inc. | |
| The Progressive Corp. | |
Sector Composition
| Information technology | |
| Financials | |
| Health care | |
| Industrials | |
| Communication services | |
| Consumer discretionary | |
| Consumer staples | |
| Materials | |
| Real estate | |
| Utilities | |
| Short-term investments and other |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Material Fund Changes
On March 1 ,2024 , the fund’s Principal investment strategies were updated to include the following:
As part of its ESG analysis, the manager currently identifies certain industries and business activities as too environmentally risky or as presenting social outcomes that are too unattractive to warrant investment consideration. The manager employs qualitative and quantitative screens to exclude or restrict these types of investments. The fund does not invest in companies that are primarily engaged in fossil fuel production or fossil fuel-powered generation based on a company's total gross revenue unless the company demonstrates a plan to transition to a low carbon business model that the manager finds credible. At a minimum, to be considered for investment, these companies must derive a material portion of current revenue from renewable energy or enabling technology and have no commitments to invest in new fossil fuel exploration, production, storage, transport (excluding distribution), trading, or refining capacity, new fossil fuel-based power generation without emissions capture, or new nuclear power generation. The fund will not invest in any companies that derive a material proportion of their total gross revenue from business activities related to agricultural biotechnology, coal and certain types of mining, pornography, private prisons, tar sands (e.g., oil sands), arctic drilling, tobacco, casinos and gaming, and weapons/firearms. The fund also will not invest in any companies with major recent or ongoing controversies involving animal welfare, environmental, governance, human rights, product safety, or workplace matters. When assessing a controversy, the manager will consider the potential for a controversy to adversely impact a company’s financial performance or cause harm to the company’s stakeholders.
This is a summary of certain changes to the fund since 11-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988566
467A-R6
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG International Equity Fund (Class A/JTQAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG International Equity Fund (Class A/JTQAX) returned 23.86% (excluding sales charges) for the year ended October 31, 2024. The world equity markets produced strong gains in the annual period, with only brief stretches of volatility interrupting what was otherwise a steady upward move. Investors displayed a robust appetite for risk at a time of positive economic growth, healthy corporate earnings, and interest-rate cuts by developed-market central banks.
TOP PERFORMANCE CONTRIBUTORS
Information technology stocks | Holdings in technology, the top performing sector in the market, made a sizable contribution to absolute performance. Positions in the semiconductor stocks Taiwan Semiconductor Manufacturing Company, Ltd. and SK Hynix, Inc. (South Korea) were leading contributors, as was the German enterprise software company SAP SE.
Financials | AXA SA (France), ING Groep NV (Netherlands) and Oversea-Chinese Banking Corp., Ltd. (Singapore) were top contributors.
Industrials | Schneider Electric SE (France), a beneficiary of excitement about the growth potential of artificial intelligence, was a leading performer.
TOP PERFORMANCE DETRACTORS
Materials stocks | This was the only area in which the fund’s holdings produced a negative absolute return, but the impact was limited due to the portfolio’s small weighting in the sector.
Specific holdings in Asia | Samsung Electronics Company, Ltd., (South Korea), Keisei Electric Railway Company, Ltd. (Japan), and Eisai Company, Ltd. (Japan) were notable detractors at the individual company level.
The views expressed in this report are exclusively those of the portfolio management team at Boston Common Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| Deutsche Telekom AG | |
| Schneider Electric SE | |
| Oversea-Chinese Banking Corp., Ltd. | |
| SAP SE | |
| Unilever PLC | |
| AstraZeneca PLC | |
| AXA SA | |
| Novo Nordisk A/S, Class B | |
| BYD Company, Ltd., H Shares | |
Sector Composition
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Utilities | |
| Materials | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988555
469A-A
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG International Equity Fund (Class I/JTQIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG International Equity Fund (Class I/JTQIX) returned 24.19% for the year ended October 31, 2024. The world equity markets produced strong gains in the annual period, with only brief stretches of volatility interrupting what was otherwise a steady upward move. Investors displayed a robust appetite for risk at a time of positive economic growth, healthy corporate earnings, and interest-rate cuts by developed-market central banks.
TOP PERFORMANCE CONTRIBUTORS
Information technology stocks | Holdings in technology, the top performing sector in the market, made a sizable contribution to absolute performance. Positions in the semiconductor stocks Taiwan Semiconductor Manufacturing Company, Ltd. and SK Hynix, Inc. (South Korea) were leading contributors, as was the German enterprise software company SAP SE.
Financials | AXA SA (France), ING Groep NV (Netherlands) and Oversea-Chinese Banking Corp., Ltd. (Singapore) were top contributors.
Industrials | Schneider Electric SE (France), a beneficiary of excitement about the growth potential of artificial intelligence, was a leading performer.
TOP PERFORMANCE DETRACTORS
Materials stocks | This was the only area in which the fund’s holdings produced a negative absolute return, but the impact was limited due to the portfolio’s small weighting in the sector.
Specific holdings in Asia | Samsung Electronics Company, Ltd., (South Korea), Keisei Electric Railway Company, Ltd. (Japan), and Eisai Company, Ltd. (Japan) were notable detractors at the individual company level.
The views expressed in this report are exclusively those of the portfolio management team at Boston Common Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| Deutsche Telekom AG | |
| Schneider Electric SE | |
| Oversea-Chinese Banking Corp., Ltd. | |
| SAP SE | |
| Unilever PLC | |
| AstraZeneca PLC | |
| AXA SA | |
| Novo Nordisk A/S, Class B | |
| BYD Company, Ltd., H Shares | |
Sector Composition
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Utilities | |
| Materials | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988555
469A-I
10/24
12/24
Annual SHAREHOLDER REPORT | October 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| ESG International Equity Fund (Class R6/JTQRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
ESG International Equity Fund (Class R6/JTQRX) returned 24.39% for the year ended October 31, 2024. The world equity markets produced strong gains in the annual period, with only brief stretches of volatility interrupting what was otherwise a steady upward move. Investors displayed a robust appetite for risk at a time of positive economic growth, healthy corporate earnings, and interest-rate cuts by developed-market central banks.
TOP PERFORMANCE CONTRIBUTORS
Information technology stocks | Holdings in technology, the top performing sector in the market, made a sizable contribution to absolute performance. Positions in the semiconductor stocks Taiwan Semiconductor Manufacturing Company, Ltd. and SK Hynix, Inc. (South Korea) were leading contributors, as was the German enterprise software company SAP SE.
Financials | AXA SA (France), ING Groep NV (Netherlands) and Oversea-Chinese Banking Corp., Ltd. (Singapore) were top contributors.
Industrials | Schneider Electric SE (France), a beneficiary of excitement about the growth potential of artificial intelligence, was a leading performer.
TOP PERFORMANCE DETRACTORS
Materials stocks | This was the only area in which the fund’s holdings produced a negative absolute return, but the impact was limited due to the portfolio’s small weighting in the sector.
Specific holdings in Asia | Samsung Electronics Company, Ltd., (South Korea), Keisei Electric Railway Company, Ltd. (Japan), and Eisai Company, Ltd. (Japan) were notable detractors at the individual company level.
The views expressed in this report are exclusively those of the portfolio management team at Boston Common Asset Management, LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
|
|
The fund has designated MSCI ACWI ex USA Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Taiwan Semiconductor Manufacturing Company, Ltd., ADR | |
| Deutsche Telekom AG | |
| Schneider Electric SE | |
| Oversea-Chinese Banking Corp., Ltd. | |
| SAP SE | |
| Unilever PLC | |
| AstraZeneca PLC | |
| AXA SA | |
| Novo Nordisk A/S, Class B | |
| BYD Company, Ltd., H Shares | |
Sector Composition
| Financials | |
| Industrials | |
| Information technology | |
| Consumer discretionary | |
| Health care | |
| Consumer staples | |
| Communication services | |
| Utilities | |
| Materials | |
| Other assets and liabilities, net |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus. For more information, please refer to the "Principal risks" section of the prospectus.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
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Prospectus
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Financial information
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Fund holdings
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Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3988555
469A-R6
10/24
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