Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Small Cap Core Fund (Class A/JCCAX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
The fund has designated Russell 3000 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
|
Class A shares ceased operations between 3-10-16 and 8-30-17. Returns while Class A shares were not offered are those of Class I shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Summit Materials, Inc., Class A | |
Arcosa, Inc. | |
Madison Square Garden Sports Corp. | |
Lithia Motors, Inc. | |
SouthState Corp. | |
CommVault Systems, Inc. | |
Pinnacle Financial Partners, Inc. | |
Cullen/Frost Bankers, Inc. | |
Atlantic Union Bankshares Corp. | |
Regal Rexnord Corp. | |
Information technology | |
Industrials | |
Health care | |
Financials | |
Consumer discretionary | |
Energy | |
Real estate | |
Materials | |
Communication services | |
Consumer staples | |
Utilities | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Small Cap Core Fund (Class I/JCCIX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
The fund has designated Russell 3000 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Summit Materials, Inc., Class A | |
Arcosa, Inc. | |
Madison Square Garden Sports Corp. | |
Lithia Motors, Inc. | |
SouthState Corp. | |
CommVault Systems, Inc. | |
Pinnacle Financial Partners, Inc. | |
Cullen/Frost Bankers, Inc. | |
Atlantic Union Bankshares Corp. | |
Regal Rexnord Corp. | |
Information technology | |
Industrials | |
Health care | |
Financials | |
Consumer discretionary | |
Energy | |
Real estate | |
Materials | |
Communication services | |
Consumer staples | |
Utilities | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Small Cap Core Fund (Class NAV) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
The fund has designated Russell 3000 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Summit Materials, Inc., Class A | |
Arcosa, Inc. | |
Madison Square Garden Sports Corp. | |
Lithia Motors, Inc. | |
SouthState Corp. | |
CommVault Systems, Inc. | |
Pinnacle Financial Partners, Inc. | |
Cullen/Frost Bankers, Inc. | |
Atlantic Union Bankshares Corp. | |
Regal Rexnord Corp. | |
Information technology | |
Industrials | |
Health care | |
Financials | |
Consumer discretionary | |
Energy | |
Real estate | |
Materials | |
Communication services | |
Consumer staples | |
Utilities | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Small Cap Core Fund (Class R6/JORSX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
The fund has designated Russell 3000 Index as its broad-based securities market index in accordance with the revised definition for such an index. |
|
Class R6 shares were first offered 8-30-17. Returns prior to this date are those of Class A shares (or Class I shares for the period between 3-10-16 and 8-30-17) that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Summit Materials, Inc., Class A | |
Arcosa, Inc. | |
Madison Square Garden Sports Corp. | |
Lithia Motors, Inc. | |
SouthState Corp. | |
CommVault Systems, Inc. | |
Pinnacle Financial Partners, Inc. | |
Cullen/Frost Bankers, Inc. | |
Atlantic Union Bankshares Corp. | |
Regal Rexnord Corp. | |
Information technology | |
Industrials | |
Health care | |
Financials | |
Consumer discretionary | |
Energy | |
Real estate | |
Materials | |
Communication services | |
Consumer staples | |
Utilities | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Infrastructure Fund (Class A/JEEBX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index.
|
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Sempra | |
The Williams Companies, Inc. | |
Aena SME SA | |
Targa Resources Corp. | |
National Grid PLC | |
Vinci SA | |
Engie SA | |
Atmos Energy Corp. | |
Edison International | |
American Electric Power Company, Inc. | |
Utilities | |
Energy | |
Industrials | |
Communication services | |
Real estate | |
Financials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Infrastructure Fund (Class C/JEEFX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index.
|
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Sempra | |
The Williams Companies, Inc. | |
Aena SME SA | |
Targa Resources Corp. | |
National Grid PLC | |
Vinci SA | |
Engie SA | |
Atmos Energy Corp. | |
Edison International | |
American Electric Power Company, Inc. | |
Utilities | |
Energy | |
Industrials | |
Communication services | |
Real estate | |
Financials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Infrastructure Fund (Class I/JEEIX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index.
|
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Sempra | |
The Williams Companies, Inc. | |
Aena SME SA | |
Targa Resources Corp. | |
National Grid PLC | |
Vinci SA | |
Engie SA | |
Atmos Energy Corp. | |
Edison International | |
American Electric Power Company, Inc. | |
Utilities | |
Energy | |
Industrials | |
Communication services | |
Real estate | |
Financials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Infrastructure Fund (Class NAV) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index.
|
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Sempra | |
The Williams Companies, Inc. | |
Aena SME SA | |
Targa Resources Corp. | |
National Grid PLC | |
Vinci SA | |
Engie SA | |
Atmos Energy Corp. | |
Edison International | |
American Electric Power Company, Inc. | |
Utilities | |
Energy | |
Industrials | |
Communication services | |
Real estate | |
Financials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Infrastructure Fund (Class R6/JEEDX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
The fund has designated MSCI ACWI as its broad-based securities market index in accordance with the revised definition for such an index. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Sempra | |
The Williams Companies, Inc. | |
Aena SME SA | |
Targa Resources Corp. | |
National Grid PLC | |
Vinci SA | |
Engie SA | |
Atmos Energy Corp. | |
Edison International | |
American Electric Power Company, Inc. | |
Utilities | |
Energy | |
Industrials | |
Communication services | |
Real estate | |
Financials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class A/TAGRX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class C/JHLVX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class I/JLVIX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class NAV/JLCNX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
|
Class NAV shares were first offered 2-8-17. Returns prior to this date are those of Class A shares that have not been adjusted for class-specific expenses; otherwise, returns would vary. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class R2/JLCYX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class R4/JLCFX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class R5/JLCVX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fundamental Large Cap Core Fund (Class R6/JLCWX) |
$ |
AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
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. |
Fund net assets | $ |
Total number of portfolio holdings | |
Total advisory fees paid (net) | $ |
Portfolio turnover rate |
Amazon.com, Inc. | |
Apple, Inc. | |
Alphabet, Inc., Class A | |
Cheniere Energy, Inc. | |
KKR & Company, Inc. | |
Morgan Stanley | |
Lennar Corp., Class A | |
Microsoft Corp. | |
Crown Castle, Inc. | |
Texas Instruments, Inc. | |
Information technology | |
Consumer discretionary | |
Financials | |
Communication services | |
Health care | |
Consumer staples | |
Energy | |
Industrials | |
Real estate | |
Materials | |
Short-term investments and other |
ITEM 2. CODE OF ETHICS.
As of the end of the year, October 31, 2024, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Frances G. Rathke is the audit committee financial expert and is "independent", pursuant to general instructions on Form N-CSR Item 3.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
(a) Audit Fees
The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to $141,240 and $132,672 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively. These fees were billed to the registrant and were approved by the registrant's audit committee.
(b) Audit-Related Services
Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was affiliated service provider internal controls reviews and a software licensing fee. Amounts billed to the registrant were $2,051 and $1,884 for fiscal years ended October 31, 2024 and October 31, 2023, respectively.
Amounts billed to control affiliates were $132,464 and $127,986 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively.
(c) Tax Fees
The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to $14,459 and $18,385 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.
(d) All Other Fees
Other fees amounted to $1,108 and $0 for the fiscal years ended October 31, 2024 and October 31, 2023, respectively. The nature of the services comprising all other fees is advisory services provided to the investment manager. These fees were approved by the registrant's audit committee.
(e)(1) Audit Committee Pre-Approval Policies and Procedures
The registrant's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The registrant's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per year/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per year/per fund are subject to specific pre-approval by the Audit Committee.
All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.
(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X
Audit-Related Fees, Tax Fees and All Other Fees
There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.
(f) According to the registrant's principal accountant for the fiscal year ended October 31, 2024, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.
(g) The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $840,650 for the fiscal year ended October 31, 2024 and $1,176,446 for the fiscal year ended October 31, 2023.
(h) The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.
(i) Not applicable.
(j) Not applicable.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:
Frances G. Rathke – Chairperson
William H. Cunningham
William K. Bacic - Member of the Audit Committee as of August 1, 2024.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Refer to information included in Item 7.
(b) Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
The Registrant prepared financial statements and financial highlights for the year ended October 31, 2024 for the following funds:
John Hancock Investment Trust
John Hancock Fundamental Large Cap Core Fund
John Hancock Infrastructure Fund
John Hancock Small Cap Core Fund
1 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | |
Shares | Value | ||||
Common stocks 99.1% | $5,579,112,582 | ||||
(Cost $2,817,139,861) | |||||
Communication services 10.4% | 586,128,639 | ||||
Entertainment 4.5% | |||||
Liberty Media Corp.-Liberty Formula One, Series C (A) | 1,673,403 | 133,604,496 | |||
The Walt Disney Company | 716,095 | 68,888,339 | |||
Warner Brothers Discovery, Inc. (A) | 6,278,495 | 51,044,164 | |||
Interactive media and services 5.9% | |||||
Alphabet, Inc., Class A | 1,943,730 | 332,591,640 | |||
Consumer discretionary 18.8% | 1,057,416,784 | ||||
Automobile components 0.5% | |||||
Mobileye Global, Inc., Class A (A) | 2,161,792 | 29,421,989 | |||
Broadline retail 10.1% | |||||
Amazon.com, Inc. (A) | 2,660,086 | 495,840,030 | |||
eBay, Inc. | 1,212,124 | 69,709,251 | |||
Hotels, restaurants and leisure 2.0% | |||||
Las Vegas Sands Corp. | 1,230,449 | 63,798,781 | |||
Starbucks Corp. | 508,667 | 49,696,766 | |||
Household durables 4.5% | |||||
Lennar Corp., Class A | 1,479,107 | 251,891,922 | |||
Leisure products 0.5% | |||||
Polaris, Inc. | 424,681 | 29,689,449 | |||
Textiles, apparel and luxury goods 1.2% | |||||
Lululemon Athletica, Inc. (A) | 226,145 | 67,368,596 | |||
Consumer staples 6.2% | 350,679,910 | ||||
Beverages 2.8% | |||||
Anheuser-Busch InBev SA/NV, ADR | 2,646,398 | 157,116,649 | |||
Consumer staples distribution and retail 3.4% | |||||
Sysco Corp. | 580,302 | 43,493,635 | |||
Walmart, Inc. | 1,831,234 | 150,069,626 | |||
Energy 5.2% | 289,859,172 | ||||
Oil, gas and consumable fuels 5.2% | |||||
Cheniere Energy, Inc. | 1,514,574 | 289,859,172 | |||
Financials 15.0% | 843,616,373 | ||||
Banks 0.6% | |||||
Wells Fargo & Company | 549,361 | 35,664,516 | |||
Capital markets 14.4% | |||||
KKR & Company, Inc. | 1,884,092 | 260,456,878 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 2 |
Shares | Value | ||||
Financials (continued) | |||||
Capital markets (continued) | |||||
Morgan Stanley | 2,234,853 | $259,801,661 | |||
Nasdaq, Inc. | 2,140,234 | 158,206,097 | |||
State Street Corp. | 295,055 | 27,381,104 | |||
The Goldman Sachs Group, Inc. | 197,196 | 102,106,117 | |||
Health care 6.8% | 385,348,570 | ||||
Biotechnology 2.6% | |||||
Gilead Sciences, Inc. | 1,097,681 | 97,496,026 | |||
Moderna, Inc. (A) | 854,643 | 46,458,393 | |||
Health care providers and services 2.0% | |||||
Elevance Health, Inc. | 233,152 | 94,603,756 | |||
UnitedHealth Group, Inc. | 35,993 | 20,318,049 | |||
Life sciences tools and services 2.2% | |||||
Danaher Corp. | 295,556 | 72,606,287 | |||
Thermo Fisher Scientific, Inc. | 98,598 | 53,866,059 | |||
Industrials 4.9% | 275,167,842 | ||||
Aerospace and defense 2.3% | |||||
General Dynamics Corp. | 92,792 | 27,059,075 | |||
Lockheed Martin Corp. | 152,716 | 83,390,572 | |||
RTX Corp. | 179,106 | 21,670,035 | |||
Ground transportation 1.3% | |||||
Union Pacific Corp. | 307,168 | 71,284,478 | |||
Machinery 0.5% | |||||
Fortive Corp. | 380,330 | 27,166,972 | |||
Trading companies and distributors 0.8% | |||||
United Rentals, Inc. | 54,868 | 44,596,710 | |||
Information technology 27.8% | 1,563,268,438 | ||||
Semiconductors and semiconductor equipment 10.0% | |||||
Analog Devices, Inc. | 778,565 | 173,705,637 | |||
KLA Corp. | 177,354 | 118,158,555 | |||
Taiwan Semiconductor Manufacturing Company, Ltd., ADR | 490,363 | 93,433,766 | |||
Texas Instruments, Inc. | 872,756 | 177,309,111 | |||
Software 9.8% | |||||
Microsoft Corp. | 553,930 | 225,089,456 | |||
Oracle Corp. | 439,736 | 73,805,290 | |||
Salesforce, Inc. | 340,745 | 99,282,871 | |||
Workday, Inc., Class A (A) | 660,925 | 154,557,311 | |||
Technology hardware, storage and peripherals 8.0% | |||||
Apple, Inc. | 1,982,765 | 447,926,441 |
3 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Materials 0.5% | $27,892,572 | ||||
Chemicals 0.5% | |||||
LyondellBasell Industries NV, Class A | 321,158 | 27,892,572 | |||
Real estate 3.5% | 199,734,282 | ||||
Specialized REITs 3.5% | |||||
American Tower Corp. | 99,191 | 21,181,246 | |||
Crown Castle, Inc. | 1,661,113 | 178,553,036 | |||
Yield* (%) | Maturity date | Par value^ | Value | ||
Short-term investments 0.2% | $11,235,597 | ||||
(Cost $11,237,000) | |||||
U.S. Government Agency 0.2% | 11,235,597 | ||||
Federal Home Loan Bank Discount Note | 4.600 | 11-01-24 | 11,237,000 | 11,235,597 |
Total investments (Cost $2,828,376,861) 99.3% | $5,590,348,179 | ||||
Other assets and liabilities, net 0.7% | 41,609,610 | ||||
Total net assets 100.0% | $5,631,957,789 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
(A) | Non-income producing security. |
* | Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 4 |
Assets | |
Unaffiliated investments, at value (Cost $2,828,376,861) | $5,590,348,179 |
Cash | 44,622,878 |
Foreign currency, at value (Cost $1,198,556) | 1,174,422 |
Dividends and interest receivable | 3,431,364 |
Receivable for fund shares sold | 1,580,548 |
Other assets | 378,238 |
Total assets | 5,641,535,629 |
Liabilities | |
Payable for fund shares repurchased | 5,234,564 |
Payable to affiliates | |
Investment management fees | 2,981,606 |
Accounting and legal services fees | 266,281 |
Transfer agent fees | 316,548 |
Distribution and service fees | 479,211 |
Trustees’ fees | 4,255 |
Other liabilities and accrued expenses | 295,375 |
Total liabilities | 9,577,840 |
Net assets | $5,631,957,789 |
Net assets consist of | |
Paid-in capital | $2,244,382,825 |
Total distributable earnings (loss) | 3,387,574,964 |
Net assets | $5,631,957,789 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($2,264,322,633 ÷ 31,194,724 shares)1 | $72.59 |
Class C ($42,535,334 ÷ 717,460 shares)1 | $59.29 |
Class I ($832,133,594 ÷ 10,760,836 shares) | $77.33 |
Class R2 ($5,867,387 ÷ 76,569 shares) | $76.63 |
Class R4 ($119,516 ÷ 1,558 shares) | $76.71 |
Class R5 ($459,344 ÷ 5,919 shares) | $77.61 |
Class R6 ($594,029,314 ÷ 7,647,533 shares) | $77.68 |
Class NAV ($1,892,490,667 ÷ 24,375,721 shares) | $77.64 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $76.41 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
5 | JOHN HANCOCK Fundamental Large Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
Investment income | |
Dividends | $68,644,641 |
Interest | 3,387,089 |
Less foreign taxes withheld | (198,222) |
Total investment income | 71,833,508 |
Expenses | |
Investment management fees | 33,439,625 |
Distribution and service fees | 5,772,073 |
Accounting and legal services fees | 1,038,908 |
Transfer agent fees | 3,469,498 |
Trustees’ fees | 113,589 |
Custodian fees | 620,097 |
State registration fees | 158,711 |
Printing and postage | 182,176 |
Professional fees | 292,531 |
Other | 170,316 |
Total expenses | 45,257,524 |
Less expense reductions | (439,582) |
Net expenses | 44,817,942 |
Net investment income | 27,015,566 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 656,746,699 |
656,746,699 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 978,441,875 |
978,441,875 | |
Net realized and unrealized gain | 1,635,188,574 |
Increase in net assets from operations | $1,662,204,140 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Fundamental Large Cap Core Fund | 6 |
Year ended 10-31-24 | Year ended 10-31-23 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $27,015,566 | $19,965,217 |
Net realized gain | 656,746,699 | 332,029,451 |
Change in net unrealized appreciation (depreciation) | 978,441,875 | 159,858,857 |
Increase in net assets resulting from operations | 1,662,204,140 | 511,853,525 |
Distributions to shareholders | ||
From earnings | ||
Class A | (127,714,472) | (103,662,388) |
Class C | (3,548,069) | (3,629,035) |
Class I | (47,724,891) | (40,016,149) |
Class R2 | (336,861) | (356,639) |
Class R4 | (7,203) | (67,684) |
Class R5 | (34,104) | (34,129) |
Class R6 | (35,230,530) | (29,701,365) |
Class NAV | (116,044,864) | (110,641,840) |
Total distributions | (330,640,994) | (288,109,229) |
From fund share transactions | (339,563,835) | (224,256,035) |
Total increase (decrease) | 991,999,311 | (511,739) |
Net assets | ||
Beginning of year | 4,639,958,478 | 4,640,470,217 |
End of year | $5,631,957,789 | $4,639,958,478 |
7 | JOHN HANCOCK Fundamental Large Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS A SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $56.46 | $54.43 | $76.05 | $50.84 | $46.52 |
Net investment income (loss)1 | 0.20 | 0.14 | 0.08 | (0.03) | 0.20 |
Net realized and unrealized gain (loss) on investments | 20.09 | 5.30 | (16.10) | 25.42 | 4.38 |
Total from investment operations | 20.29 | 5.44 | (16.02) | 25.39 | 4.58 |
Less distributions | |||||
From net investment income | (0.17) | (0.12) | — | (0.18) | (0.26) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.16) | (3.41) | (5.60) | (0.18) | (0.26) |
Net asset value, end of period | $72.59 | $56.46 | $54.43 | $76.05 | $50.84 |
Total return (%)2,3 | 37.14 | 10.75 | (22.73) | 50.04 | 9.88 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $2,264 | $1,746 | $1,670 | $2,242 | $1,550 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.02 | 1.03 | 1.02 | 1.02 | 1.04 |
Expenses including reductions | 1.02 | 1.02 | 1.01 | 1.01 | 1.03 |
Net investment income (loss) | 0.30 | 0.24 | 0.12 | (0.04) | 0.40 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Fundamental Large Cap Core Fund | 8 |
CLASS C SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $46.95 | $46.04 | $65.65 | $44.08 | $40.42 |
Net investment loss1 | (0.25) | (0.24) | (0.34) | (0.46) | (0.14) |
Net realized and unrealized gain (loss) on investments | 16.58 | 4.44 | (13.67) | 22.03 | 3.80 |
Total from investment operations | 16.33 | 4.20 | (14.01) | 21.57 | 3.66 |
Less distributions | |||||
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Net asset value, end of period | $59.29 | $46.95 | $46.04 | $65.65 | $44.08 |
Total return (%)2,3 | 36.11 | 9.93 | (23.32) | 48.93 | 9.05 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $43 | $44 | $53 | $89 | $84 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.78 | 1.78 | 1.77 | 1.77 | 1.79 |
Expenses including reductions | 1.77 | 1.78 | 1.76 | 1.76 | 1.78 |
Net investment loss | (0.45) | (0.51) | (0.64) | (0.79) | (0.33) |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
9 | JOHN HANCOCK Fundamental Large Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $59.91 | $57.56 | $80.04 | $53.47 | $48.89 |
Net investment income1 | 0.39 | 0.30 | 0.25 | 0.14 | 0.34 |
Net realized and unrealized gain (loss) on investments | 21.34 | 5.61 | (17.01) | 26.73 | 4.61 |
Total from investment operations | 21.73 | 5.91 | (16.76) | 26.87 | 4.95 |
Less distributions | |||||
From net investment income | (0.32) | (0.27) | (0.12) | (0.30) | (0.37) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.31) | (3.56) | (5.72) | (0.30) | (0.37) |
Net asset value, end of period | $77.33 | $59.91 | $57.56 | $80.04 | $53.47 |
Total return (%)2 | 37.46 | 11.03 | (22.55) | 50.42 | 10.16 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $832 | $666 | $672 | $941 | $625 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.78 | 0.78 | 0.77 | 0.77 | 0.79 |
Expenses including reductions | 0.77 | 0.78 | 0.76 | 0.76 | 0.78 |
Net investment income | 0.55 | 0.49 | 0.37 | 0.20 | 0.66 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Fundamental Large Cap Core Fund | 10 |
CLASS R2 SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $59.40 | $57.06 | $79.54 | $53.16 | $48.63 |
Net investment income (loss)1 | 0.13 | 0.08 | —2 | (0.12) | 0.13 |
Net realized and unrealized gain (loss) on investments | 21.18 | 5.58 | (16.88) | 26.60 | 4.59 |
Total from investment operations | 21.31 | 5.66 | (16.88) | 26.48 | 4.72 |
Less distributions | |||||
From net investment income | (0.09) | (0.03) | — | (0.10) | (0.19) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.08) | (3.32) | (5.60) | (0.10) | (0.19) |
Net asset value, end of period | $76.63 | $59.40 | $57.06 | $79.54 | $53.16 |
Total return (%)3 | 36.99 | 10.64 | (22.84) | 49.87 | 9.73 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $6 | $5 | $6 | $9 | $7 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.14 | 1.14 | 1.14 | 1.14 | 1.17 |
Expenses including reductions | 1.13 | 1.13 | 1.13 | 1.13 | 1.17 |
Net investment income (loss) | 0.19 | 0.14 | —4 | (0.17) | 0.28 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Less than 0.005%. |
11 | JOHN HANCOCK Fundamental Large Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R4 SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $59.47 | $57.16 | $79.54 | $53.15 | $48.61 |
Net investment income1 | 0.32 | 0.21 | 0.15 | 0.04 | 0.26 |
Net realized and unrealized gain (loss) on investments | 21.15 | 5.58 | (16.90) | 26.58 | 4.59 |
Total from investment operations | 21.47 | 5.79 | (16.75) | 26.62 | 4.85 |
Less distributions | |||||
From net investment income | (0.24) | (0.19) | (0.03) | (0.23) | (0.31) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.23) | (3.48) | (5.63) | (0.23) | (0.31) |
Net asset value, end of period | $76.71 | $59.47 | $57.16 | $79.54 | $53.15 |
Total return (%)2 | 37.30 | 10.88 | (22.67) | 50.20 | 10.00 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—3 | $1 | $2 | $2 | $2 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.02 | 1.02 | 1.01 | 1.01 | 1.02 |
Expenses including reductions | 0.91 | 0.91 | 0.90 | 0.90 | 0.92 |
Net investment income | 0.45 | 0.35 | 0.23 | 0.06 | 0.51 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Less than $500,000. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Fundamental Large Cap Core Fund | 12 |
CLASS R5 SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $60.10 | $57.74 | $80.26 | $53.61 | $49.02 |
Net investment income1 | 0.44 | 0.33 | 0.29 | 0.19 | 0.36 |
Net realized and unrealized gain (loss) on investments | 21.42 | 5.63 | (17.06) | 26.79 | 4.63 |
Total from investment operations | 21.86 | 5.96 | (16.77) | 26.98 | 4.99 |
Less distributions | |||||
From net investment income | (0.36) | (0.31) | (0.15) | (0.33) | (0.40) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.35) | (3.60) | (5.75) | (0.33) | (0.40) |
Net asset value, end of period | $77.61 | $60.10 | $57.74 | $80.26 | $53.61 |
Total return (%)2 | 37.55 | 11.09 | (22.50) | 50.50 | 10.22 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $—3 | $—3 | $1 | $1 | $1 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.72 | 0.72 | 0.71 | 0.71 | 0.73 |
Expenses including reductions | 0.71 | 0.71 | 0.70 | 0.70 | 0.72 |
Net investment income | 0.61 | 0.54 | 0.43 | 0.26 | 0.71 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Less than $500,000. |
13 | JOHN HANCOCK Fundamental Large Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $60.15 | $57.79 | $80.32 | $53.64 | $49.04 |
Net investment income1 | 0.47 | 0.36 | 0.32 | 0.22 | 0.39 |
Net realized and unrealized gain (loss) on investments | 21.44 | 5.63 | (17.07) | 26.81 | 4.63 |
Total from investment operations | 21.91 | 5.99 | (16.75) | 27.03 | 5.02 |
Less distributions | |||||
From net investment income | (0.39) | (0.34) | (0.18) | (0.35) | (0.42) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.38) | (3.63) | (5.78) | (0.35) | (0.42) |
Net asset value, end of period | $77.68 | $60.15 | $57.79 | $80.32 | $53.64 |
Total return (%)2 | 37.63 | 11.15 | (22.46) | 50.59 | 10.28 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $594 | $495 | $478 | $593 | $386 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.67 | 0.67 | 0.66 | 0.66 | 0.68 |
Expenses including reductions | 0.66 | 0.67 | 0.65 | 0.65 | 0.67 |
Net investment income | 0.66 | 0.60 | 0.48 | 0.31 | 0.76 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Fundamental Large Cap Core Fund | 14 |
CLASS NAV SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $60.13 | $57.77 | $80.29 | $53.62 | $49.02 |
Net investment income1 | 0.48 | 0.37 | 0.33 | 0.23 | 0.40 |
Net realized and unrealized gain (loss) on investments | 21.41 | 5.63 | (17.06) | 26.80 | 4.63 |
Total from investment operations | 21.89 | 6.00 | (16.73) | 27.03 | 5.03 |
Less distributions | |||||
From net investment income | (0.39) | (0.35) | (0.19) | (0.36) | (0.43) |
From net realized gain | (3.99) | (3.29) | (5.60) | — | — |
Total distributions | (4.38) | (3.64) | (5.79) | (0.36) | (0.43) |
Net asset value, end of period | $77.64 | $60.13 | $57.77 | $80.29 | $53.62 |
Total return (%)2 | 37.62 | 11.18 | (22.47) | 50.60 | 10.30 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $1,892 | $1,684 | $1,759 | $2,425 | $2,063 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.66 | 0.67 | 0.65 | 0.65 | 0.67 |
Expenses including reductions | 0.65 | 0.66 | 0.65 | 0.64 | 0.66 |
Net investment income | 0.67 | 0.61 | 0.49 | 0.33 | 0.78 |
Portfolio turnover (%) | 19 | 19 | 26 | 16 | 19 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
15 | JOHN HANCOCK Fundamental Large Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| JOHN HANCOCK Fundamental Large Cap Core Fund | 16 |
Total value at 10-31-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | $5,579,112,582 | $5,579,112,582 | — | — |
Short-term investments | 11,235,597 | — | $11,235,597 | — |
Total investments in securities | $5,590,348,179 | $5,579,112,582 | $11,235,597 | — |
17 | JOHN HANCOCK Fundamental Large Cap Core Fund | |
| JOHN HANCOCK Fundamental Large Cap Core Fund | 18 |
October 31, 2024 | October 31, 2023 | |
Ordinary income | $33,204,005 | $20,091,146 |
Long-term capital gains | 297,436,989 | 268,018,083 |
Total | $330,640,994 | $288,109,229 |
19 | JOHN HANCOCK Fundamental Large Cap Core Fund | |
Class | Rule 12b-1 Fee | Service fee |
Class A | 0.25% | — |
Class C | 1.00% | — |
Class R2 | 0.25% | 0.25% |
Class R4 | 0.25% | 0.10% |
Class R5 | — | 0.05% |
| JOHN HANCOCK Fundamental Large Cap Core Fund | 20 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $5,289,875 | $2,463,394 |
Class C | 453,930 | 52,406 |
Class I | — | 925,221 |
Class R2 | 27,123 | 281 |
Class R4 | 871 | 15 |
Class R5 | 274 | 27 |
Class R6 | — | 28,154 |
Total | $5,772,073 | $3,469,498 |
Year Ended 10-31-24 | Year Ended 10-31-23 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 2,526,283 | $168,959,711 | 2,589,942 | $146,564,449 |
Distributions reinvested | 1,946,002 | 121,585,523 | 1,957,808 | 98,555,960 |
Repurchased | (4,192,275) | (280,796,303) | (4,314,437) | (243,675,962) |
Net increase | 280,010 | $9,748,931 | 233,313 | $1,444,447 |
21 | JOHN HANCOCK Fundamental Large Cap Core Fund | |
Year Ended 10-31-24 | Year Ended 10-31-23 | |||
Shares | Amount | Shares | Amount | |
Class C shares | ||||
Sold | 59,560 | $3,205,265 | 105,588 | $4,979,273 |
Distributions reinvested | 61,983 | 3,183,438 | 79,101 | 3,332,533 |
Repurchased | (338,841) | (18,417,375) | (401,226) | (19,045,958) |
Net decrease | (217,298) | $(12,028,672) | (216,537) | $(10,734,152) |
Class I shares | ||||
Sold | 1,097,949 | $76,305,998 | 1,523,163 | $91,200,796 |
Distributions reinvested | 602,446 | 40,014,439 | 628,519 | 33,500,087 |
Repurchased | (2,051,264) | (145,495,674) | (2,715,072) | (161,586,984) |
Net decrease | (350,869) | $(29,175,237) | (563,390) | $(36,886,101) |
Class R2 shares | ||||
Sold | 4,865 | $351,097 | 5,512 | $328,210 |
Distributions reinvested | 5,076 | 335,137 | 6,485 | 343,793 |
Repurchased | (17,735) | (1,253,397) | (36,875) | (2,207,563) |
Net decrease | (7,794) | $(567,163) | (24,878) | $(1,535,560) |
Class R4 shares | ||||
Sold | 144 | $9,879 | 910 | $53,875 |
Distributions reinvested | 109 | 7,203 | 1,278 | 67,684 |
Repurchased | (18,656) | (1,262,613) | (9,837) | (586,275) |
Net decrease | (18,403) | $(1,245,531) | (7,649) | $(464,716) |
Class R5 shares | ||||
Sold | 682 | $48,201 | 1,808 | $109,087 |
Distributions reinvested | 512 | 34,104 | 639 | 34,129 |
Repurchased | (3,228) | (242,074) | (4,183) | (247,595) |
Net decrease | (2,034) | $(159,769) | (1,736) | $(104,379) |
Class R6 shares | ||||
Sold | 1,066,036 | $76,105,370 | 1,564,684 | $94,621,365 |
Distributions reinvested | 523,080 | 34,863,271 | 553,406 | 29,585,062 |
Repurchased | (2,164,207) | (154,291,769) | (2,167,469) | (130,547,838) |
Net decrease | (575,091) | $(43,323,128) | (49,379) | $(6,341,411) |
Class NAV shares | ||||
Sold | 102,420 | $7,490,106 | 417,282 | $24,819,116 |
Distributions reinvested | 1,741,892 | 116,044,864 | 2,070,394 | 110,641,840 |
Repurchased | (5,469,861) | (386,348,236) | (4,932,048) | (305,095,119) |
Net decrease | (3,625,549) | $(262,813,266) | (2,444,372) | $(169,634,163) |
Total net decrease | (4,517,028) | $(339,563,835) | (3,074,628) | $(224,256,035) |
| JOHN HANCOCK Fundamental Large Cap Core Fund | 22 |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 7.7% |
John Hancock Variable Insurance Trust Managed Volatility Growth Portfolio | 6.6% |
23 | JOHN HANCOCK Fundamental Large Cap Core Fund | |
| JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 24 |
25 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | |
| JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 26 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
27 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 28 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
29 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third party provider of fund data. |
| JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | 30 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
31 | JOHN HANCOCK FUNDAMENTAL LARGE CAP CORE FUND | |
MF3988585 | 50A 10/24 |
Shares | Value | ||||
Common stocks 97.9% | $544,142,536 | ||||
(Cost $423,050,948) | |||||
Brazil 2.7% | 15,367,639 | ||||
Cia de Saneamento Basico do Estado de Sao Paulo | 964,800 | 15,367,639 | |||
Canada 4.6% | 25,724,110 | ||||
Canadian National Railway Company | 133,630 | 14,429,756 | |||
Pembina Pipeline Corp. | 269,969 | 11,294,354 | |||
China 1.3% | 7,265,807 | ||||
ENN Energy Holdings, Ltd. | 1,031,300 | 7,265,807 | |||
France 7.0% | 38,939,703 | ||||
Engie SA | 1,143,756 | 19,171,077 | |||
Vinci SA | 176,473 | 19,768,626 | |||
Germany 5.2% | 28,968,707 | ||||
E.ON SE | 1,019,576 | 13,759,248 | |||
RWE AG | 469,289 | 15,209,459 | |||
Hong Kong 1.9% | 10,539,051 | ||||
CK Hutchison Holdings, Ltd. | 2,003,954 | 10,539,051 | |||
Italy 3.0% | 16,572,905 | ||||
Enel SpA | 2,185,225 | 16,572,905 | |||
Japan 7.7% | 42,656,631 | ||||
KDDI Corp. | 462,100 | 14,407,996 | |||
Nippon Telegraph & Telephone Corp. | 12,985,375 | 12,528,740 | |||
The Kansai Electric Power Company, Inc. | 980,222 | 15,719,895 | |||
South Korea 4.0% | 22,148,148 | ||||
KT Corp. | 231,240 | 7,373,113 | |||
SK Telecom Company, Ltd. | 360,022 | 14,775,035 | |||
Spain 6.4% | 35,394,323 | ||||
Aena SME SA (A) | 101,312 | 22,452,773 | |||
Iberdrola SA | 871,219 | 12,941,550 | |||
United Kingdom 3.6% | 19,941,412 | ||||
National Grid PLC | 1,588,179 | 19,941,412 | |||
United States 50.5% | 280,624,100 | ||||
American Electric Power Company, Inc. | 186,159 | 18,383,201 | |||
American Tower Corp. | 77,853 | 16,624,730 | |||
Atmos Energy Corp. | 137,207 | 19,041,587 | |||
Berkshire Hathaway, Inc., Class B (B) | 36,453 | 16,437,387 | |||
Cheniere Energy, Inc. | 72,634 | 13,900,695 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK INFRASTRUCTURE FUND | 2 |
Shares | Value | ||||
United States (continued) | |||||
Dominion Energy, Inc. | 288,731 | $17,188,156 | |||
Duke Energy Corp. | 132,817 | 15,309,816 | |||
Edison International | 223,907 | 18,449,937 | |||
Exelon Corp. | 390,003 | 15,327,118 | |||
ONEOK, Inc. | 138,692 | 13,436,481 | |||
PPL Corp. | 473,583 | 15,419,862 | |||
Public Service Enterprise Group, Inc. | 180,031 | 16,096,572 | |||
Sempra | 288,166 | 24,024,400 | |||
Targa Resources Corp. | 121,473 | 20,281,132 | |||
The Williams Companies, Inc. | 432,143 | 22,631,329 | |||
WEC Energy Group, Inc. | 189,173 | 18,071,697 | |||
Par value^ | Value | ||||
Short-term investments 1.9% | $10,600,000 | ||||
(Cost $10,600,000) | |||||
Repurchase agreement 1.9% | 10,600,000 | ||||
Royal Bank of Scotland Tri-Party Repurchase Agreement dated 10-31-24 at 4.850% to be repurchased at $10,601,428 on 11-1-24, collateralized by $10,569,100 U.S. Treasury Bonds, 4.625% due 5-15-44 (valued at $10,812,050) | 10,600,000 | 10,600,000 |
Total investments (Cost $433,650,948) 99.8% | $554,742,536 | ||||
Other assets and liabilities, net 0.2% | 1,145,325 | ||||
Total net assets 100.0% | $555,887,861 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
(A) | This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(B) | Non-income producing security. |
Utilities | 56.3% |
Energy | 14.7% |
Industrials | 12.1% |
Communication services | 8.8% |
Real estate | 3.0% |
Financials | 3.0% |
Short-term investments and other | 2.1% |
TOTAL | 100.0% |
3 | JOHN HANCOCK INFRASTRUCTURE FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $433,650,948) | $554,742,536 |
Cash | 42,302 |
Foreign currency, at value (Cost $114,417) | 114,521 |
Dividends and interest receivable | 968,052 |
Receivable for fund shares sold | 249,090 |
Receivable for investments sold | 1,995,372 |
Other assets | 60,324 |
Total assets | 558,172,197 |
Liabilities | |
Payable for investments purchased | 1,961,343 |
Payable for fund shares repurchased | 145,679 |
Payable to affiliates | |
Accounting and legal services fees | 26,863 |
Transfer agent fees | 41,563 |
Trustees’ fees | 654 |
Other liabilities and accrued expenses | 108,234 |
Total liabilities | 2,284,336 |
Net assets | $555,887,861 |
Net assets consist of | |
Paid-in capital | $467,201,519 |
Total distributable earnings (loss) | 88,686,342 |
Net assets | $555,887,861 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($60,137,604 ÷ 3,988,838 shares)1 | $15.08 |
Class C ($9,297,393 ÷ 625,859 shares)1 | $14.86 |
Class I ($344,307,506 ÷ 22,814,253 shares) | $15.09 |
Class R6 ($71,332,231 ÷ 4,715,192 shares) | $15.13 |
Class NAV ($70,813,127 ÷ 4,681,900 shares) | $15.12 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $15.87 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Infrastructure Fund | 4 |
Investment income | |
Dividends | $20,995,525 |
Interest | 573,913 |
Securities lending | 59,476 |
Less foreign taxes withheld | (1,390,589) |
Total investment income | 20,238,325 |
Expenses | |
Investment management fees | 4,415,912 |
Distribution and service fees | 262,812 |
Accounting and legal services fees | 111,259 |
Transfer agent fees | 491,369 |
Trustees’ fees | 12,879 |
Custodian fees | 132,086 |
State registration fees | 80,951 |
Printing and postage | 43,842 |
Professional fees | 76,243 |
Other | 33,067 |
Total expenses | 5,660,420 |
Less expense reductions | (46,154) |
Net expenses | 5,614,266 |
Net investment income | 14,624,059 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments and foreign currency transactions | 52,326,546 |
Affiliated investments | 1,184 |
52,327,730 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments and translation of assets and liabilities in foreign currencies | 83,897,102 |
83,897,102 | |
Net realized and unrealized gain | 136,224,832 |
Increase in net assets from operations | $150,848,891 |
5 | JOHN HANCOCK Infrastructure Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 10-31-24 | Year ended 10-31-23 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $14,624,059 | $16,474,200 |
Net realized gain (loss) | 52,327,730 | (32,143,159) |
Change in net unrealized appreciation (depreciation) | 83,897,102 | 28,845,749 |
Increase in net assets resulting from operations | 150,848,891 | 13,176,790 |
Distributions to shareholders | ||
From earnings | ||
Class A | (1,325,431) | (1,239,689) |
Class C | (149,575) | (133,659) |
Class I | (9,277,915) | (9,849,595) |
Class R6 | (1,990,973) | (2,519,926) |
Class NAV | (2,074,070) | (1,822,434) |
Total distributions | (14,817,964) | (15,565,303) |
From fund share transactions | (187,360,264) | (98,732,333) |
Total decrease | (51,329,337) | (101,120,846) |
Net assets | ||
Beginning of year | 607,217,198 | 708,338,044 |
End of year | $555,887,861 | $607,217,198 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Infrastructure Fund | 6 |
CLASS A SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $11.95 | $12.07 | $15.03 | $11.99 | $13.39 |
Net investment income1 | 0.31 | 0.26 | 0.22 | 0.19 | 0.19 |
Net realized and unrealized gain (loss) on investments | 3.14 | (0.14) | (2.27) | 3.11 | (1.00) |
Total from investment operations | 3.45 | 0.12 | (2.05) | 3.30 | (0.81) |
Less distributions | |||||
From net investment income | (0.32) | (0.24) | (0.42) | (0.20) | (0.19) |
From net realized gain | — | — | (0.49) | (0.06) | (0.40) |
Total distributions | (0.32) | (0.24) | (0.91) | (0.26) | (0.59) |
Net asset value, end of period | $15.08 | $11.95 | $12.07 | $15.03 | $11.99 |
Total return (%)2,3 | 29.17 | 0.95 | (14.26) | 27.67 | (6.23) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $60 | $55 | $64 | $63 | $33 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.27 | 1.27 | 1.25 | 1.29 | 1.32 |
Expenses including reductions | 1.26 | 1.27 | 1.25 | 1.28 | 1.31 |
Net investment income | 2.25 | 2.04 | 1.63 | 1.35 | 1.55 |
Portfolio turnover (%) | 27 | 20 | 33 | 27 | 34 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the period. |
3 | Does not reflect the effect of sales charges, if any. |
7 | JOHN HANCOCK Infrastructure Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS C SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $11.78 | $11.91 | $14.85 | $11.86 | $13.26 |
Net investment income1 | 0.21 | 0.17 | 0.13 | 0.09 | 0.11 |
Net realized and unrealized gain (loss) on investments | 3.10 | (0.14) | (2.24) | 3.07 | (1.00) |
Total from investment operations | 3.31 | 0.03 | (2.11) | 3.16 | (0.89) |
Less distributions | |||||
From net investment income | (0.23) | (0.16) | (0.34) | (0.11) | (0.11) |
From net realized gain | — | — | (0.49) | (0.06) | (0.40) |
Total distributions | (0.23) | (0.16) | (0.83) | (0.17) | (0.51) |
Net asset value, end of period | $14.86 | $11.78 | $11.91 | $14.85 | $11.86 |
Total return (%)2,3 | 28.29 | 0.23 | (14.85) | 26.81 | (6.92) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $9 | $9 | $11 | $12 | $6 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.97 | 1.97 | 1.95 | 1.99 | 2.02 |
Expenses including reductions | 1.96 | 1.97 | 1.95 | 1.98 | 2.01 |
Net investment income | 1.54 | 1.32 | 0.99 | 0.66 | 0.89 |
Portfolio turnover (%) | 27 | 20 | 33 | 27 | 34 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the period. |
3 | Does not reflect the effect of sales charges, if any. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Infrastructure Fund | 8 |
CLASS I SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $11.96 | $12.09 | $15.05 | $12.00 | $13.41 |
Net investment income1 | 0.35 | 0.30 | 0.26 | 0.24 | 0.23 |
Net realized and unrealized gain (loss) on investments | 3.14 | (0.15) | (2.27) | 3.11 | (1.01) |
Total from investment operations | 3.49 | 0.15 | (2.01) | 3.35 | (0.78) |
Less distributions | |||||
From net investment income | (0.36) | (0.28) | (0.46) | (0.24) | (0.23) |
From net realized gain | — | — | (0.49) | (0.06) | (0.40) |
Total distributions | (0.36) | (0.28) | (0.95) | (0.30) | (0.63) |
Net asset value, end of period | $15.09 | $11.96 | $12.09 | $15.05 | $12.00 |
Total return (%)2 | 29.52 | 1.17 | (13.96) | 28.12 | (5.99) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $344 | $386 | $445 | $463 | $246 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.97 | 0.97 | 0.95 | 0.99 | 1.02 |
Expenses including reductions | 0.96 | 0.97 | 0.95 | 0.98 | 1.00 |
Net investment income | 2.56 | 2.33 | 1.93 | 1.67 | 1.85 |
Portfolio turnover (%) | 27 | 20 | 33 | 27 | 34 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the period. |
9 | JOHN HANCOCK Infrastructure Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS R6 SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $11.98 | $12.11 | $15.08 | $12.02 | $13.43 |
Net investment income1 | 0.36 | 0.32 | 0.23 | 0.25 | 0.25 |
Net realized and unrealized gain (loss) on investments | 3.17 | (0.16) | (2.23) | 3.12 | (1.02) |
Total from investment operations | 3.53 | 0.16 | (2.00) | 3.37 | (0.77) |
Less distributions | |||||
From net investment income | (0.38) | (0.29) | (0.48) | (0.25) | (0.24) |
From net realized gain | — | — | (0.49) | (0.06) | (0.40) |
Total distributions | (0.38) | (0.29) | (0.97) | (0.31) | (0.64) |
Net asset value, end of period | $15.13 | $11.98 | $12.11 | $15.08 | $12.02 |
Total return (%)2 | 29.78 | 1.28 | (13.91) | 28.28 | (5.88) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $71 | $82 | $112 | $77 | $53 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.86 | 0.86 | 0.85 | 0.88 | 0.91 |
Expenses including reductions | 0.85 | 0.86 | 0.84 | 0.87 | 0.90 |
Net investment income | 2.65 | 2.47 | 1.68 | 1.75 | 1.97 |
Portfolio turnover (%) | 27 | 20 | 33 | 27 | 34 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the period. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Infrastructure Fund | 10 |
CLASS NAV SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $11.98 | $12.11 | $15.08 | $12.02 | $13.43 |
Net investment income1 | 0.37 | 0.31 | 0.29 | 0.25 | 0.24 |
Net realized and unrealized gain (loss) on investments | 3.15 | (0.14) | (2.29) | 3.12 | (1.01) |
Total from investment operations | 3.52 | 0.17 | (2.00) | 3.37 | (0.77) |
Less distributions | |||||
From net investment income | (0.38) | (0.30) | (0.48) | (0.25) | (0.24) |
From net realized gain | — | — | (0.49) | (0.06) | (0.40) |
Total distributions | (0.38) | (0.30) | (0.97) | (0.31) | (0.64) |
Net asset value, end of period | $15.12 | $11.98 | $12.11 | $15.08 | $12.02 |
Total return (%)2 | 29.69 | 1.29 | (13.90) | 28.29 | (5.87) |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $71 | $75 | $76 | $82 | $76 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.85 | 0.86 | 0.84 | 0.87 | 0.90 |
Expenses including reductions | 0.85 | 0.85 | 0.83 | 0.86 | 0.89 |
Net investment income | 2.70 | 2.43 | 2.15 | 1.76 | 1.95 |
Portfolio turnover (%) | 27 | 20 | 33 | 27 | 34 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the period. |
11 | JOHN HANCOCK Infrastructure Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
| JOHN HANCOCK Infrastructure Fund | 12 |
Total value at 10-31-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | ||||
Brazil | $15,367,639 | $15,367,639 | — | — |
Canada | 25,724,110 | 25,724,110 | — | — |
China | 7,265,807 | — | $7,265,807 | — |
France | 38,939,703 | — | 38,939,703 | — |
Germany | 28,968,707 | — | 28,968,707 | — |
Hong Kong | 10,539,051 | — | 10,539,051 | — |
Italy | 16,572,905 | — | 16,572,905 | — |
Japan | 42,656,631 | — | 42,656,631 | — |
South Korea | 22,148,148 | — | 22,148,148 | — |
Spain | 35,394,323 | — | 35,394,323 | — |
United Kingdom | 19,941,412 | — | 19,941,412 | — |
United States | 280,624,100 | 280,624,100 | — | — |
Short-term investments | 10,600,000 | — | 10,600,000 | — |
Total investments in securities | $554,742,536 | $321,715,849 | $233,026,687 | — |
13 | JOHN HANCOCK Infrastructure Fund | |
| JOHN HANCOCK Infrastructure Fund | 14 |
15 | JOHN HANCOCK Infrastructure Fund | |
October 31, 2024 | October 31, 2023 | |
Ordinary income | $14,817,964 | $15,565,303 |
| JOHN HANCOCK Infrastructure Fund | 16 |
Class | Rule 12b-1 Fee |
Class A | 0.30% |
Class C | 1.00% |
17 | JOHN HANCOCK Infrastructure Fund | |
Class | Distribution and service fees | Transfer agent fees |
Class A | $172,131 | $66,225 |
Class C | 90,681 | 10,468 |
Class I | — | 411,000 |
Class R6 | — | 3,676 |
Total | $262,812 | $491,369 |
Borrower or Lender | Weighted Average Loan Balance | Days Outstanding | Weighted Average Interest Rate | Interest Income (Expense) | |
Lender | $2,550,000 | 2 | 5.808% | $823 |
| JOHN HANCOCK Infrastructure Fund | 18 |
Year Ended 10-31-24 | Year Ended 10-31-23 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 470,974 | $6,628,681 | 882,556 | $11,348,425 |
Distributions reinvested | 96,747 | 1,320,548 | 98,885 | 1,234,997 |
Repurchased | (1,222,948) | (16,572,901) | (1,652,397) | (21,014,737) |
Net decrease | (655,227) | $(8,623,672) | (670,956) | $(8,431,315) |
Class C shares | ||||
Sold | 43,033 | $604,941 | 78,571 | $999,427 |
Distributions reinvested | 11,161 | 149,575 | 10,831 | 133,626 |
Repurchased | (182,229) | (2,432,580) | (241,984) | (3,035,502) |
Net decrease | (128,035) | $(1,678,064) | (152,582) | $(1,902,449) |
Class I shares | ||||
Sold | 5,215,295 | $70,219,176 | 7,777,688 | $99,351,791 |
Distributions reinvested | 548,940 | 7,487,896 | 650,416 | 8,124,835 |
Repurchased | (15,192,538) | (203,428,770) | (13,046,852) | (165,693,307) |
Net decrease | (9,428,303) | $(125,721,698) | (4,618,748) | $(58,216,681) |
Class R6 shares | ||||
Sold | 365,493 | $4,998,896 | 2,110,229 | $27,155,864 |
Distributions reinvested | 145,539 | 1,990,349 | 201,109 | 2,517,062 |
Repurchased | (2,659,988) | (35,684,979) | (4,678,407) | (59,244,590) |
Net decrease | (2,148,956) | $(28,695,734) | (2,367,069) | $(29,571,664) |
Class NAV shares | ||||
Sold | 667,668 | $8,904,414 | 1,107,362 | $13,924,977 |
Distributions reinvested | 151,718 | 2,074,070 | 145,686 | 1,822,434 |
Repurchased | (2,402,938) | (33,619,580) | (1,270,318) | (16,357,635) |
Net decrease | (1,583,552) | $(22,641,096) | (17,270) | $(610,224) |
Total net decrease | (13,944,073) | $(187,360,264) | (7,826,625) | $(98,732,333) |
19 | JOHN HANCOCK Infrastructure Fund | |
Fund | Affiliated Concentration |
John Hancock Funds II Alternative Asset Allocation | 5.6% |
John Hancock Funds II Multimanager Lifestyle Conservative Portfolio | 5.2% |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust* | — | — | $116,424,254 | $(116,425,438) | $1,184 | — | $59,476 | — | — |
* | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| JOHN HANCOCK Infrastructure Fund | 20 |
21 | JOHN HANCOCK INFRASTRUCTURE FUND | |
| JOHN HANCOCK INFRASTRUCTURE FUND | 22 |
23 | JOHN HANCOCK INFRASTRUCTURE FUND | |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
| JOHN HANCOCK INFRASTRUCTURE FUND | 24 |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
25 | JOHN HANCOCK INFRASTRUCTURE FUND | |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(i) | noted that the subadvisory fee for the fund is paid by the Advisor and is negotiated at arm’s length; |
(j) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(k) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
| JOHN HANCOCK INFRASTRUCTURE FUND | 26 |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data; and |
(4) | information relating to the nature and scope of any material relationships and their significance to the Trust’s Advisor and Subadvisor. |
27 | JOHN HANCOCK INFRASTRUCTURE FUND | |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund is being monitored and reasonably addressed, where appropriate; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
| JOHN HANCOCK INFRASTRUCTURE FUND | 28 |
29 | JOHN HANCOCK INFRASTRUCTURE FUND | |
MF3988639 | 438A 10/24 |
Shares | Value | ||||
Common stocks 98.2% | $2,027,876,656 | ||||
(Cost $1,702,750,590) | |||||
Communication services 3.1% | 65,020,014 | ||||
Entertainment 3.1% | |||||
Madison Square Garden Sports Corp. (A) | 202,969 | 45,201,196 | |||
Playtika Holding Corp. | 2,531,139 | 19,818,818 | |||
Consumer discretionary 10.4% | 214,605,257 | ||||
Broadline retail 0.8% | |||||
Savers Value Village, Inc. (A) | 1,693,150 | 17,320,925 | |||
Diversified consumer services 1.4% | |||||
Mister Car Wash, Inc. (A) | 3,818,389 | 28,676,101 | |||
Hotels, restaurants and leisure 1.2% | |||||
First Watch Restaurant Group, Inc. (A) | 1,474,342 | 25,056,442 | |||
Leisure products 0.6% | |||||
Malibu Boats, Inc., Class A (A) | 250,225 | 11,230,098 | |||
Specialty retail 4.5% | |||||
Abercrombie & Fitch Company, Class A (A) | 157,096 | 20,703,682 | |||
Academy Sports & Outdoors, Inc. | 536,654 | 27,294,222 | |||
Lithia Motors, Inc. | 134,865 | 44,825,080 | |||
Textiles, apparel and luxury goods 1.9% | |||||
Levi Strauss & Company, Class A | 1,146,170 | 19,588,045 | |||
On Holding AG, Class A (A) | 419,879 | 19,910,662 | |||
Consumer staples 1.9% | 38,360,110 | ||||
Consumer staples distribution and retail 1.0% | |||||
The Chefs’ Warehouse, Inc. (A) | 506,399 | 20,215,448 | |||
Household products 0.9% | |||||
Central Garden & Pet Company, Class A (A) | 622,672 | 18,144,662 | |||
Energy 5.3% | 110,399,784 | ||||
Energy equipment and services 2.8% | |||||
Helmerich & Payne, Inc. | 996,819 | 33,493,118 | |||
Liberty Energy, Inc. | 1,487,634 | 25,393,912 | |||
Oil, gas and consumable fuels 2.5% | |||||
Chord Energy Corp. | 118,173 | 14,783,442 | |||
Magnolia Oil & Gas Corp., Class A | 1,452,900 | 36,729,312 | |||
Financials 13.1% | 270,466,024 | ||||
Banks 12.1% | |||||
Atlantic Union Bankshares Corp. | 1,012,128 | 38,258,438 | |||
Banner Corp. | 572,542 | 36,665,590 | |||
Cullen/Frost Bankers, Inc. | 302,578 | 38,533,308 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK SMALL CAP CORE FUND | 2 |
Shares | Value | ||||
Financials (continued) | |||||
Banks (continued) | |||||
Independent Bank Group, Inc. | 441,293 | $25,753,859 | |||
Pinnacle Financial Partners, Inc. | 372,229 | 39,251,548 | |||
SouthState Corp. | 423,723 | 41,325,704 | |||
Univest Financial Corp. | 1,053,679 | 29,323,887 | |||
Financial services 1.0% | |||||
Compass Diversified Holdings | 984,041 | 21,353,690 | |||
Health care 14.4% | 297,605,919 | ||||
Biotechnology 1.4% | |||||
ACADIA Pharmaceuticals, Inc. (A) | 500,147 | 7,297,145 | |||
Ionis Pharmaceuticals, Inc. (A) | 169,928 | 6,523,536 | |||
SpringWorks Therapeutics, Inc. (A) | 285,103 | 8,590,153 | |||
Ultragenyx Pharmaceutical, Inc. (A) | 127,142 | 6,482,971 | |||
Health care equipment and supplies 6.2% | |||||
Globus Medical, Inc., Class A (A) | 372,858 | 27,419,977 | |||
Inari Medical, Inc. (A) | 362,716 | 17,555,454 | |||
Integer Holdings Corp. (A) | 164,166 | 20,397,626 | |||
LivaNova PLC (A) | 423,856 | 21,879,447 | |||
Merit Medical Systems, Inc. (A) | 222,879 | 21,989,242 | |||
Teleflex, Inc. | 91,264 | 18,349,540 | |||
Health care providers and services 3.4% | |||||
Acadia Healthcare Company, Inc. (A) | 311,252 | 13,287,348 | |||
Henry Schein, Inc. (A) | 339,796 | 23,863,873 | |||
Option Care Health, Inc. (A) | 733,625 | 16,902,720 | |||
Select Medical Holdings Corp. | 495,436 | 15,893,587 | |||
Life sciences tools and services 2.0% | |||||
Bio-Rad Laboratories, Inc., Class A (A) | 70,775 | 25,350,897 | |||
Charles River Laboratories International, Inc. (A) | 92,564 | 16,530,079 | |||
Pharmaceuticals 1.4% | |||||
Jazz Pharmaceuticals PLC (A) | 72,380 | 7,963,971 | |||
Prestige Consumer Healthcare, Inc. (A) | 289,198 | 21,328,353 | |||
Industrials 18.2% | 375,236,398 | ||||
Aerospace and defense 1.4% | |||||
Hexcel Corp. | 488,301 | 28,658,386 | |||
Building products 4.6% | |||||
Simpson Manufacturing Company, Inc. | 205,071 | 36,869,715 | |||
The AZEK Company, Inc. (A) | 643,208 | 28,301,152 | |||
Trex Company, Inc. (A) | 420,391 | 29,784,702 | |||
Construction and engineering 3.6% | |||||
Arcosa, Inc. | 485,975 | 45,506,699 | |||
MasTec, Inc. (A) | 228,990 | 28,140,581 |
3 | JOHN HANCOCK SMALL CAP CORE FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
Shares | Value | ||||
Industrials (continued) | |||||
Electrical equipment 3.0% | |||||
Generac Holdings, Inc. (A) | 148,854 | $24,642,780 | |||
Regal Rexnord Corp. | 224,065 | 37,315,785 | |||
Machinery 5.6% | |||||
Atmus Filtration Technologies, Inc. | 873,328 | 34,007,392 | |||
Crane Company | 159,637 | 25,107,707 | |||
The Timken Company | 374,538 | 31,086,654 | |||
The Toro Company | 320,761 | 25,814,845 | |||
Information technology 21.7% | 448,063,437 | ||||
Electronic equipment, instruments and components 1.3% | |||||
Advanced Energy Industries, Inc. | 238,234 | 25,855,536 | |||
Semiconductors and semiconductor equipment 4.6% | |||||
Alpha & Omega Semiconductor, Ltd. (A) | 604,633 | 19,977,074 | |||
Ambarella, Inc. (A) | 480,012 | 26,971,874 | |||
MACOM Technology Solutions Holdings, Inc. (A) | 223,483 | 25,119,489 | |||
Veeco Instruments, Inc. (A) | 817,711 | 23,533,723 | |||
Software 15.8% | |||||
Adeia, Inc. | 1,902,566 | 23,648,895 | |||
Alkami Technology, Inc. (A) | 737,012 | 26,982,009 | |||
Braze, Inc., Class A (A) | 697,183 | 21,933,377 | |||
CommVault Systems, Inc. (A) | 256,667 | 40,088,819 | |||
CyberArk Software, Ltd. (A) | 81,728 | 22,599,427 | |||
Progress Software Corp. | 447,718 | 28,694,247 | |||
Q2 Holdings, Inc. (A) | 434,615 | 36,794,506 | |||
Tenable Holdings, Inc. (A) | 809,313 | 32,056,888 | |||
Varonis Systems, Inc. (A) | 606,285 | 30,538,575 | |||
Xperi, Inc. (A) | 1,658,368 | 15,140,900 | |||
Yext, Inc. (A) | 4,477,878 | 32,419,837 | |||
Zuora, Inc., Class A (A) | 1,586,693 | 15,708,261 | |||
Materials 4.0% | 83,654,095 | ||||
Chemicals 1.6% | |||||
Avient Corp. | 708,959 | 33,044,579 | |||
Construction materials 2.4% | |||||
Summit Materials, Inc., Class A (A) | 1,067,486 | 50,609,516 | |||
Real estate 4.7% | 96,093,150 | ||||
Hotel and resort REITs 1.2% | |||||
Sunstone Hotel Investors, Inc. | 2,374,889 | 23,962,630 | |||
Industrial REITs 3.5% | |||||
EastGroup Properties, Inc. | 208,122 | 35,647,136 | |||
First Industrial Realty Trust, Inc. | 695,054 | 36,483,384 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK SMALL CAP CORE FUND | 4 |
Shares | Value | ||||
Utilities 1.4% | $28,372,468 | ||||
Multi-utilities 1.4% | |||||
Unitil Corp. | 490,110 | 28,372,468 | |||
Yield (%) | Shares | Value | |||
Short-term investments 3.3% | $67,574,977 | ||||
(Cost $67,561,938) | |||||
Short-term funds 3.3% | 67,574,977 | ||||
John Hancock Collateral Trust (B) | 4.6622(C) | 6,755,404 | 67,574,977 |
Total investments (Cost $1,770,312,528) 101.5% | $2,095,451,633 | ||||
Other assets and liabilities, net (1.5%) | (30,015,456) | ||||
Total net assets 100.0% | $2,065,436,177 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | |
Security Abbreviations and Legend | |
(A) | Non-income producing security. |
(B) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
(C) | The rate shown is the annualized seven-day yield as of 10-31-24. |
5 | JOHN HANCOCK SMALL CAP CORE FUND | | SEE NOTES TO FINANCIAL STATEMENTS |
Assets | |
Unaffiliated investments, at value (Cost $1,702,750,590) | $2,027,876,656 |
Affiliated investments, at value (Cost $67,561,938) | 67,574,977 |
Total investments, at value (Cost $1,770,312,528) | 2,095,451,633 |
Dividends and interest receivable | 581,576 |
Receivable for fund shares sold | 2,000,457 |
Receivable for investments sold | 6,634,952 |
Other assets | 146,516 |
Total assets | 2,104,815,134 |
Liabilities | |
Payable for investments purchased | 37,697,996 |
Payable for fund shares repurchased | 1,282,516 |
Payable to affiliates | |
Accounting and legal services fees | 96,631 |
Transfer agent fees | 102,806 |
Trustees’ fees | 1,610 |
Other liabilities and accrued expenses | 197,398 |
Total liabilities | 39,378,957 |
Net assets | $2,065,436,177 |
Net assets consist of | |
Paid-in capital | $1,730,842,203 |
Total distributable earnings (loss) | 334,593,974 |
Net assets | $2,065,436,177 |
Net asset value per share | |
Based on net asset value and shares outstanding - the fund has an unlimited number of shares authorized with no par value | |
Class A ($377,309,964 ÷ 22,527,016 shares)1 | $16.75 |
Class I ($642,528,426 ÷ 37,956,884 shares) | $16.93 |
Class R6 ($455,127,318 ÷ 26,746,283 shares) | $17.02 |
Class NAV ($590,470,469 ÷ 34,711,610 shares) | $17.01 |
Maximum offering price per share | |
Class A (net asset value per share ÷ 95%)2 | $17.63 |
1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Small Cap Core Fund | 6 |
Investment income | |
Dividends | $20,300,629 |
Dividends from affiliated investments | 2,772,433 |
Total investment income | 23,073,062 |
Expenses | |
Investment management fees | 16,100,289 |
Distribution and service fees | 897,831 |
Accounting and legal services fees | 378,840 |
Transfer agent fees | 1,145,102 |
Trustees’ fees | 40,480 |
Custodian fees | 225,035 |
State registration fees | 111,638 |
Printing and postage | 149,635 |
Professional fees | 134,104 |
Other | 65,530 |
Total expenses | 19,248,484 |
Less expense reductions | (181,361) |
Net expenses | 19,067,123 |
Net investment income | 4,005,939 |
Realized and unrealized gain (loss) | |
Net realized gain (loss) on | |
Unaffiliated investments | 42,402,926 |
Affiliated investments | (20,389,579) |
22,013,347 | |
Change in net unrealized appreciation (depreciation) of | |
Unaffiliated investments | 428,723,688 |
Affiliated investments | 20,974,151 |
449,697,839 | |
Net realized and unrealized gain | 471,711,186 |
Increase in net assets from operations | $475,717,125 |
7 | JOHN HANCOCK Small Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
Year ended 10-31-24 | Year ended 10-31-23 | |
Increase (decrease) in net assets | ||
From operations | ||
Net investment income | $4,005,939 | $3,228,305 |
Net realized gain | 22,013,347 | 9,051,670 |
Change in net unrealized appreciation (depreciation) | 449,697,839 | (99,552,501) |
Increase (decrease) in net assets resulting from operations | 475,717,125 | (87,272,526) |
Distributions to shareholders | ||
From earnings | ||
Class A | (2,442,294) | (3,167,148) |
Class I | (4,920,894) | (5,170,175) |
Class R6 | (3,565,934) | (2,991,328) |
Class NAV | (5,373,484) | (4,861,848) |
Total distributions | (16,302,606) | (16,190,499) |
From fund share transactions | (61,472,659) | 88,461,649 |
Total increase (decrease) | 397,941,860 | (15,001,376) |
Net assets | ||
Beginning of year | 1,667,494,317 | 1,682,495,693 |
End of year | $2,065,436,177 | $1,667,494,317 |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Small Cap Core Fund | 8 |
CLASS A SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $13.12 | $13.97 | $18.52 | $12.22 | $11.78 |
Net investment loss1 | (0.01) | (0.01) | (0.07) | (0.07) | (0.02) |
Net realized and unrealized gain (loss) on investments | 3.75 | (0.71) | (2.42) | 6.57 | 0.46 |
Total from investment operations | 3.74 | (0.72) | (2.49) | 6.50 | 0.44 |
Less distributions | |||||
From net realized gain | (0.11) | (0.13) | (2.06) | (0.20) | — |
Net asset value, end of period | $16.75 | $13.12 | $13.97 | $18.52 | $12.22 |
Total return (%)2,3 | 28.55 | (5.13) | (14.93) | 53.59 | 3.74 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $377 | $301 | $329 | $377 | $229 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 1.24 | 1.25 | 1.24 | 1.24 | 1.30 |
Expenses including reductions | 1.23 | 1.24 | 1.23 | 1.23 | 1.29 |
Net investment loss | (0.06) | (0.08) | (0.45) | (0.41) | (0.19) |
Portfolio turnover (%) | 56 | 564 | 64 | 64 | 82 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Does not reflect the effect of sales charges, if any. |
4 | Excludes in-kind transactions. |
9 | JOHN HANCOCK Small Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS I SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $13.24 | $14.06 | $18.59 | $12.25 | $11.78 |
Net investment income (loss)1 | 0.03 | 0.02 | (0.03) | (0.03) | —2 |
Net realized and unrealized gain (loss) on investments | 3.79 | (0.71) | (2.44) | 6.59 | 0.47 |
Total from investment operations | 3.82 | (0.69) | (2.47) | 6.56 | 0.47 |
Less distributions | |||||
From net investment income | (0.02) | — | — | (0.02) | — |
From net realized gain | (0.11) | (0.13) | (2.06) | (0.20) | — |
Total distributions | (0.13) | (0.13) | (2.06) | (0.22) | — |
Net asset value, end of period | $16.93 | $13.24 | $14.06 | $18.59 | $12.25 |
Total return (%)3 | 28.93 | (4.88) | (14.74) | 53.94 | 3.99 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $643 | $537 | $540 | $308 | $47 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.99 | 1.00 | 0.99 | 0.99 | 1.04 |
Expenses including reductions | 0.98 | 0.99 | 0.98 | 0.98 | 1.04 |
Net investment income (loss) | 0.19 | 0.17 | (0.18) | (0.19) | (0.01) |
Portfolio turnover (%) | 56 | 564 | 64 | 64 | 82 |
1 | Based on average daily shares outstanding. |
2 | Less than $0.005 per share. |
3 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
4 | Excludes in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Small Cap Core Fund | 10 |
CLASS R6 SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $13.31 | $14.12 | $18.65 | $12.28 | $11.79 |
Net investment income (loss)1 | 0.05 | 0.04 | (0.01) | (0.01) | 0.02 |
Net realized and unrealized gain (loss) on investments | 3.80 | (0.72) | (2.45) | 6.61 | 0.47 |
Total from investment operations | 3.85 | (0.68) | (2.46) | 6.60 | 0.49 |
Less distributions | |||||
From net investment income | (0.03) | — | (0.01) | (0.03) | — |
From net realized gain | (0.11) | (0.13) | (2.06) | (0.20) | — |
Total distributions | (0.14) | (0.13) | (2.07) | (0.23) | — |
Net asset value, end of period | $17.02 | $13.31 | $14.12 | $18.65 | $12.28 |
Total return (%)2 | 29.04 | (4.79) | (14.64) | 54.16 | 4.16 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $455 | $328 | $307 | $242 | $95 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.88 | 0.89 | 0.89 | 0.89 | 0.93 |
Expenses including reductions | 0.87 | 0.88 | 0.88 | 0.88 | 0.93 |
Net investment income (loss) | 0.30 | 0.28 | (0.09) | (0.07) | 0.16 |
Portfolio turnover (%) | 56 | 563 | 64 | 64 | 82 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
11 | JOHN HANCOCK Small Cap Core Fund | | SEE NOTES TO FINANCIAL STATEMENTS |
CLASS NAV SHARES Period ended | 10-31-24 | 10-31-23 | 10-31-22 | 10-31-21 | 10-31-20 |
Per share operating performance | |||||
Net asset value, beginning of period | $13.30 | $14.11 | $18.64 | $12.27 | $11.79 |
Net investment income (loss)1 | 0.05 | 0.04 | (0.01) | (0.01) | 0.02 |
Net realized and unrealized gain (loss) on investments | 3.80 | (0.72) | (2.45) | 6.61 | 0.46 |
Total from investment operations | 3.85 | (0.68) | (2.46) | 6.60 | 0.48 |
Less distributions | |||||
From net investment income | (0.03) | — | (0.01) | (0.03) | — |
From net realized gain | (0.11) | (0.13) | (2.06) | (0.20) | — |
Total distributions | (0.14) | (0.13) | (2.07) | (0.23) | — |
Net asset value, end of period | $17.01 | $13.30 | $14.11 | $18.64 | $12.27 |
Total return (%)2 | 29.07 | (4.79) | (14.65) | 54.07 | 4.16 |
Ratios and supplemental data | |||||
Net assets, end of period (in millions) | $590 | $501 | $507 | $690 | $342 |
Ratios (as a percentage of average net assets): | |||||
Expenses before reductions | 0.87 | 0.88 | 0.88 | 0.88 | 0.92 |
Expenses including reductions | 0.86 | 0.88 | 0.87 | 0.87 | 0.91 |
Net investment income (loss) | 0.31 | 0.29 | (0.09) | (0.05) | 0.15 |
Portfolio turnover (%) | 56 | 563 | 64 | 64 | 82 |
1 | Based on average daily shares outstanding. |
2 | Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
3 | Excludes in-kind transactions. |
SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK Small Cap Core Fund | 12 |
13 | JOHN HANCOCK Small Cap Core Fund | |
| JOHN HANCOCK Small Cap Core Fund | 14 |
October 31, 2024 | October 31, 2023 | |
Ordinary income | $16,302,606 | $508 |
Long-term capital gains | — | 16,189,991 |
Total | $16,302,606 | $16,190,499 |
15 | JOHN HANCOCK Small Cap Core Fund | |
Class | Rule 12b-1 Fee |
Class A | 0.25% |
| JOHN HANCOCK Small Cap Core Fund | 16 |
Class | Distribution and service fees | Transfer agent fees |
Class A | $897,831 | $414,410 |
Class I | — | 710,539 |
Class R6 | — | 20,153 |
Total | $897,831 | $1,145,102 |
Year Ended 10-31-24 | Year Ended 10-31-23 | |||
Shares | Amount | Shares | Amount | |
Class A shares | ||||
Sold | 3,410,704 | $53,545,493 | 3,165,462 | $44,932,627 |
Distributions reinvested | 156,868 | 2,425,186 | 237,850 | 3,146,755 |
Repurchased | (4,008,778) | (62,691,466) | (3,980,424) | (56,279,654) |
Net decrease | (441,206) | $(6,720,787) | (577,112) | $(8,200,272) |
Class I shares | ||||
Sold | 15,084,045 | $237,644,002 | 20,224,335 | $293,809,759 |
Distributions reinvested | 290,151 | 4,523,450 | 375,567 | 5,002,557 |
Repurchased | (17,943,388) | (278,601,092) | (18,455,277) | (264,888,886) |
Net increase (decrease) | (2,569,192) | $(36,433,640) | 2,144,625 | $33,923,430 |
Class R6 shares | ||||
Sold | 8,792,912 | $138,153,909 | 9,568,676 | $137,903,477 |
Distributions reinvested | 227,036 | 3,555,383 | 223,403 | 2,989,129 |
Repurchased | (6,951,646) | (110,622,336) | (6,871,884) | (99,388,809) |
Net increase | 2,068,302 | $31,086,956 | 2,920,195 | $41,503,797 |
17 | JOHN HANCOCK Small Cap Core Fund | |
Year Ended 10-31-24 | Year Ended 10-31-23 | |||
Shares | Amount | Shares | Amount | |
Class NAV shares | ||||
Sold | 726,429 | $11,253,816 | 4,308,440 | $60,866,306 |
Distributions reinvested | 343,354 | 5,373,484 | 363,639 | 4,861,848 |
Repurchased | (4,032,695) | (66,032,488) | (2,898,159) | (44,493,460) |
Net increase (decrease) | (2,962,912) | $(49,405,188) | 1,773,920 | $21,234,694 |
Total net increase (decrease) | (3,905,008) | $(61,472,659) | 6,261,628 | $88,461,649 |
Fund | Affiliated Concentration |
John Hancock Funds II Multimanager Lifestyle Growth Portfolio | 13.5% |
John Hancock Funds II Multimanager Lifestyle Balanced Portfolio | 8.4% |
John Hancock Funds II Multimanager Lifestyle Aggressive Portfolio | 6.0% |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 6,755,404 | $65,305,603 | $586,832,116 | $(584,596,693) | $33,381 | $570 | $2,772,433 | — | $67,574,977 |
| JOHN HANCOCK Small Cap Core Fund | 18 |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
Universal Electronics, Inc.* | — | $5,361,362 | — | $(5,911,983) | $(20,422,960) | $20,973,581 | — | — | — |
* | The security was an affiliate at the beginning of the year and was sold prior to the end of the year. |
19 | JOHN HANCOCK Small Cap Core Fund | |
| JOHN HANCOCK SMALL CAP CORE FUND | 20 |
21 | JOHN HANCOCK SMALL CAP CORE FUND | |
| JOHN HANCOCK SMALL CAP CORE FUND | 22 |
(a) | the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationship, the Advisor’s oversight and monitoring of the Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with fund policies and objectives, review of brokerage matters, including with respect to trade allocation and best execution and the Advisor’s timeliness in responding to performance issues; |
(b) | the background, qualifications and skills of the Advisor’s personnel; |
(c) | the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments; |
(d) | the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the fund, as well as the Advisor’s oversight of any securities lending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the fund, and bringing loss recovery actions on behalf of the fund; |
(e) | the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the fund; |
23 | JOHN HANCOCK SMALL CAP CORE FUND | |
(f) | the Advisor’s initiatives intended to improve various aspects of the Trust’s operations and investor experience with the fund; and |
(g) | the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds offering a variety of investments. |
(a) | reviewed information prepared by management regarding the fund’s performance; |
(b) | considered the comparative performance of an applicable benchmark index; |
(c) | considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and |
(d) | took into account the Advisor’s analysis of the fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally. |
| JOHN HANCOCK SMALL CAP CORE FUND | 24 |
(a) | reviewed financial information of the Advisor; |
(b) | reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates with respect to the fund; |
(c) | received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to the fund; |
(d) | received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent third-party consultant to provide an analysis of the Advisor’s allocation methodologies; |
(e) | considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax credits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under applicable income tax law, are reflected in the profitability information reviewed by the Board; |
(f) | considered that the Advisor also provides administrative services to the fund on a cost basis pursuant to an administrative services agreement; |
(g) | noted that affiliates of the Advisor provide transfer agency services and distribution services to the fund, and that the fund’s distributor also receives Rule 12b-1 payments to support distribution of the fund; |
(h) | noted that the fund’s Subadvisor is an affiliate of the Advisor; |
(i) | noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the fund; |
(j) | noted that the subadvisory fee for the fund is paid by the Advisor; |
(k) | considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the fund industry; and |
(l) | considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to the fund and the risks that it assumes as Advisor, including entrepreneurial, operational, reputational, litigation and regulatory risk. |
25 | JOHN HANCOCK SMALL CAP CORE FUND | |
(a) | considered that the Advisor has contractually agreed to waive a portion of its management fee for certain funds of the John Hancock Fund Complex, including the fund (the participating portfolios) or otherwise reimburse the expenses of the participating portfolios (the reimbursement). This waiver is based upon aggregate net assets of all the participating portfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund; |
(b) | reviewed the fund’s advisory fee structure and concluded that: (i) the fund’s fee structure contains breakpoints at the subadvisory fee level and that such breakpoints are reflected as breakpoints in the advisory fees for the fund; and (ii) although economies of scale cannot be measured with precision, these arrangements permit shareholders of the fund to benefit from economies of scale if the fund grows. The Board also took into account management’s discussion of the fund’s advisory fee structure; and |
(c) | the Board also considered the effect of the fund’s growth in size on its performance and fees. The Board also noted that if the fund’s assets increase over time, the fund may realize other economies of scale. |
(1) | information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex); |
(2) | the historical and current performance of the fund and comparative performance information relating to an applicable benchmark index and comparable funds; and |
(3) | the subadvisory fee for the fund, including any breakpoints, and to the extent available, comparable fee information prepared by an independent third-party provider of fund data. |
| JOHN HANCOCK SMALL CAP CORE FUND | 26 |
(1) | the Subadvisor has extensive experience and demonstrated skills as a manager; |
(2) | the performance of the fund has generally been in line with or outperformed the historical performance of comparable funds and the fund’s benchmark index; |
(3) | the subadvisory fee is reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and |
(4) | noted that the subadvisory fees are paid by the Advisor not the fund and that the subadvisory fee breakpoints are reflected as breakpoints in the advisory fees for the fund in order to permit shareholders to benefit from economies of scale if the fund grows. |
27 | JOHN HANCOCK SMALL CAP CORE FUND | |
MF3988680 | 445A 10/24 |
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Information included in Item 7, if applicable.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Refer to information included in Item 7.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Information included in Item 7, if applicable.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATE PURCHASERS.
Not applicable.
ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No material changes.
ITEM 16. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Investment Trust
By: | /s/ Kristie M. Feinberg |
------------------------------ | |
Kristie M. Feinberg | |
President, Principal Executive Officer | |
Date: | December 16, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Kristie M. Feinberg |
------------------------------ | |
Kristie M. Feinberg | |
President, Principal Executive Officer | |
Date: | December 16, 2024 |
By: | /s/ Fernando A. Silva |
--------------------------- | |
Fernando A. Silva | |
Chief Financial Officer, Principal Financial Officer | |
Date: | December 16, 2024 |