N-Q 1 a_strategicseries.htm JOHN HANCOCK STRATEGIC SERIES a_strategicseries.htm
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
 
FORM N-Q 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED 
MANAGEMENT INVESTMENT COMPANIES 
 
Investment Company Act file number 811- 4651 
 
John Hancock Strategic Series 
(Exact name of registrant as specified in charter) 
 
601 Congress Street, Boston, Massachusetts 02210 
(Address of principal executive offices) (Zip code) 
Michael J. Leary, Treasurer 
601 Congress Street 
Boston, Massachusetts 02210 
 
(Name and address of agent for service) 
Registrant's telephone number, including area code: 617-663-4490 
 
Date of fiscal year end:  May 31 
 
 
Date of reporting period:  February 28, 2010 

ITEM 1. SCHEDULE OF INVESTMENTS






John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate  date    Value 
 
U.S. Government & Agency Obligations 4.27%        $74,839,845 
(Cost $71,324,604)         
 
U.S. Government 1.99%        34,899,740 
U.S. Treasury Bonds,         
   Bond  9.250%  02/15/16  $3,600,000  4,919,894 
   Bond  8.125  08/15/19  5,225,000  7,151,311 
U.S. Treasury Notes,         
   Note  4.875  08/15/16  6,795,000  7,631,104 
   Note  4.250  08/15/15  6,215,000  6,789,888 
   Note  2.625  06/30/14  8,190,000  8,407,543 
 
U.S. Government Agency 2.28%        39,940,105 
Federal Home Loan Mortgage Corp. ,         
   30 Yr Pass Thru Ctf  4.500  04/01/39  11,753,070  11,921,102 
Federal National Mortgage Association,         
   15 Yr Pass Thru Ctf  5.000  12/01/22  9,476,320  10,011,584 
   15 Yr Pass Thru Ctf  4.000  06/01/24  17,606,460  18,007,419 
 
Corporate Bonds 48.46%        $849,300,276 
(Cost $833,942,200)         
 
Consumer Discretionary 14.65%        256,721,071 
 
Auto Components 1.76 %         
Allison Transmission, Inc. (S)  11.000  11/01/15  9,066,000  9,405,975 
Allison Transmission, Inc., PIK (S)  11.250  11/01/15  5,459,000  5,650,065 
Exide Technologies, Series B  10.500  03/15/13  5,610,000  5,455,725 
Goodyear Tire & Rubber Company  10.500  05/15/16  875,000  942,813 
Goodyear Tire & Rubber Company  8.625  12/01/11  1,445,000  1,499,188 
Lear Corp., Series B (I)  8.750  12/01/16  2,645,000  39,675 
Tenneco, Inc.  8.625  11/15/14  7,986,000  7,846,245 
 
Auto Manufacturers 0.15 %         
Volvo Treasury AB (S)  5.950  04/01/15  2,590,000  2,658,982 
 
Automobiles 0.06 %         
TRW Automotive, Inc. (S)  8.875  12/01/17  1,090,000  1,098,175 
 
Hotels, Restaurants & Leisure 4.27 %         
Chukchansi Economic Development Authority (S)  8.000  11/15/13  4,010,000  3,248,100 
Fontainebleau Las Vegas Holdings LLC (H)(S)  10.250  06/15/15  3,455,000  36,709 
Fontainebleau Las Vegas Holdings LLC (H)  12.500  06/01/22  3,951,700  0 
Great Canadian Gaming Corp. (S)  7.250  02/15/15  4,330,000  4,265,050 
Greektown Holdings LLC (H)(S)  10.750  12/01/13  11,318,000  679,080 
HRP Myrtle Beach Operations LLC (H)(S)  Zero  04/01/12  4,915,000  0 
Jacobs Entertainment, Inc.  9.750  06/15/14  10,070,000  9,289,575 
Landry's Restaurants, Inc. (S)  11.625  12/01/15  2,520,000  2,633,400 
Little Traverse Bay Bands of Odawa Indians (H)(S)  10.250  02/15/14  5,000,000  1,262,500 
Majestic Star Casino LLC (H)  9.500  10/15/10  3,030,000  2,003,588 
Marquee Holdings, Inc.  12.000  08/15/14  5,095,000  4,292,538 
Mashantucket Western Pequot Tribe, Series A (S)  8.500  11/15/15  4,910,000  1,276,600 
Mohegan Tribal Gaming Authority (S)  11.500  11/01/17  780,000  811,200 
Mohegan Tribal Gaming Authority  8.000  04/01/12  10,425,000  9,226,125 
Mohegan Tribal Gaming Authority  7.125  08/15/14  5,540,000  4,099,600 
MTR Gaming Group, Inc. (S)  12.625  07/15/14  6,735,000  6,499,275 

2 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate  date    Value 
 
Consumer Discretionary (continued)         
MTR Gaming Group, Inc., Series B  9.000%  06/01/12  $4,850,000  $3,831,500 
Pokagon Gaming Authority (S)  10.375  06/15/14  3,714,000  3,862,560 
Snoqualmie Entertainment Authority (S)  9.125  02/01/15  2,865,000  1,976,850 
Turning Stone Resort Casino Enterprises (S)  9.125  09/15/14  9,620,000  9,620,000 
Waterford Gaming LLC (S)  8.625  09/15/14  6,173,000  3,364,285 
Yonkers Racing Corp. (S)  11.375  07/15/16  2,455,000  2,590,025 
 
Household Durables 0.05 %         
Standard Pacific Corp.  6.250  04/01/14  1,015,000  913,500 
 
Media 7.62 %         
AMC Entertainment, Inc.  8.750  06/01/19  2,135,000  2,204,388 
AMC Entertainment, Inc.  8.000  03/01/14  7,640,000  7,525,400 
Cablevision Systems Corp. (S)  8.625  09/15/17  4,905,000  5,052,150 
Canadian Satellite Radio Holdings, Inc.  1.000  02/14/16  318,359  111,970 
CCH II LLC (S)  13.500  11/30/16  12,264,167  14,364,406 
CCO Holdings LLC  8.750  11/15/13  3,030,000  3,075,450 
Cinemark USA, Inc.  8.625  06/15/19  1,435,000  1,492,400 
Clear Channel Communications, Inc.  10.750  08/01/16  12,425,000  9,505,125 
Clear Channel Communications, Inc., PIK  11.000  08/01/16  10,587,500  7,199,500 
Comcast Corp.  4.950  06/15/16  1,800,000  1,874,473 
CSC Holdings, Inc. (S)  8.500  06/15/15  3,680,000  3,864,000 
DirecTV Holdings LLC (S)  5.875  10/01/19  2,350,000  2,464,208 
Regal Cinemas Corp.  8.625  07/15/19  830,000  866,313 
Shaw Communications, Inc. (CAD) (D)  6.500  06/02/14  3,055,000  3,240,414 
Shaw Communications, Inc. (CAD) (D)  6.100  11/16/12  9,000,000  9,312,802 
Shaw Communications, Inc. (CAD) (D)  5.700  03/02/17  2,325,000  2,348,798 
Sirius XM Radio, Inc.  9.625  08/01/13  16,080,000  16,281,000 
SuperMedia, Inc. (I)  8.000  11/15/16  5,300,000  92,750 
Vertis, Inc., Series A, PIK  18.500  10/01/12  3,601,404  3,241,264 
Videotron Ltee (CAD) (D)(S)  7.125  01/15/20  4,670,000  4,576,662 
XM Satellite Radio, Inc. (S)  13.000  08/01/13  15,390,000  16,852,050 
XM Satellite Radio, Inc. (S)  11.250  06/15/13  6,660,000  7,092,900 
XM Satellite Radio, Inc. (S)  7.000  12/01/14  11,425,000  10,933,725 
Young Broadcasting, Inc. (H)  10.000  03/01/11  4,960,000  34,720 
 
Multiline Retail 0.43 %         
Michaels Stores, Inc.  11.375  11/01/16  6,265,000  6,296,325 
Michaels Stores, Inc.  10.000  11/01/14  1,115,000  1,131,725 
 
Personal Products 0.08 %         
Revlon Consumer Products Corp. (S)  9.750  11/15/15  1,280,000  1,315,200 
 
Specialty Retail 0.09 %         
Toys R Us Property Company LLC (S)  8.500  12/01/17  1,575,000  1,590,750 
 
Textiles, Apparel & Luxury Goods 0.14 %         
Burlington Coat Factory Warehouse Corp.  11.125  04/15/14  2,360,000  2,401,300 
 
Consumer Staples 1.98%        34,789,786 
 
Food Products 1.43 %         
Bumble Bee Foods LLC (S)  7.750  12/15/15  995,000  997,488 
Corp. Pesquera Inca SAC (S)  9.000  02/10/17  2,610,000  2,557,800 
Cosan SA Industria e Comercio (S)  8.250  02/28/49  5,750,000  5,548,750 
Dole Food Company, Inc.  8.875  03/15/11  201,000  202,005 
Viterra, Inc. (CAD) (D)  8.500  07/07/14  9,700,000  9,811,547 
Viterra, Inc. (CAD) (D)  8.000  04/08/13  5,800,000  5,890,346 

3 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate  date    Value 
 
Consumer Staples (continued)         
 
Household Products 0.47 %         
Yankee Acquisition Corp.  8.500%  02/15/15  $6,155,000  $6,155,000 
Yankee Acquisition Corp., Series B  9.750  02/15/17  2,180,000  2,174,550 
 
Personal Products 0.08 %         
JohnsonDiversey, Inc. (S)  8.250  11/15/19  1,410,000  1,452,300 
 
Energy 3.41%        59,869,915 
 
Energy Equipment & Services 0.32 %         
Gibson Energy Holdings ULC (S)  10.000  01/15/18  2,940,000  2,866,500 
NGPL Pipeco LLC (S)  7.119  12/15/17  2,510,000  2,855,614 
 
Oil, Gas & Consumable Fuels 3.09 %         
Drummond Company, Inc.  7.375  02/15/16  11,355,000  10,588,538 
MarkWest Energy Partners LP, Series B  8.750  04/15/18  1,395,000  1,412,438 
MarkWest Energy Partners LP, Series B  8.500  07/15/16  7,135,000  7,170,675 
McMoRan Exploration Company  11.875  11/15/14  7,415,000  7,934,050 
Niska Gas Storage US LLC (S)  8.875  03/15/18  4,380,000  4,380,000 
Petroleos de Venezuela SA  5.000  10/28/15  5,525,000  3,439,313 
Petroleos Mexicanos (S)  6.000  03/05/20  2,685,000  2,730,645 
RDS Ultra-Deepwater, Ltd. (S)  11.875  03/15/17  4,130,000  4,124,838 
Regency Energy Partners LP (S)  9.375  06/01/16  7,000,000  7,385,000 
Targa Resources Partners LP  8.250  07/01/16  1,895,000  1,904,475 
Valero Energy Corp.  6.125  02/01/20  1,530,000  1,540,011 
Valero Energy Corp.  4.500  02/01/15  1,530,000  1,537,818 
 
Financials 9.25%        162,079,735 
 
Commercial Banks 1.08 %         
Allfirst Preferred Capital Trust (P)  1.751  07/15/29  2,410,000  1,586,137 
City National Capital Trust I  9.625  02/01/40  5,380,000  5,864,055 
Fifth Third Capital Trust IV  6.500  04/15/37  4,470,000  3,553,650 
First Tennessee Bank N.A., BKNT  5.050  01/15/15  1,624,000  1,497,390 
PNC Preferred Funding Trust III (S)  8.700  03/29/49  2,700,000  2,821,905 
Santander Issuances SA (S),         
   (6.500% to 11/01/2014, then 3 month LIBOR + 392 bps)  6.500  08/11/19  3,400,000  3,598,067 
 
Consumer Finance 1.14 %         
Discover Financial Services  10.250  07/15/19  3,100,000  3,668,304 
Ford Motor Credit Company LLC  8.700  10/01/14  3,310,000  3,395,183 
Ford Motor Credit Company LLC  7.500  08/01/12  5,000,000  5,020,955 
SLM Corp., MTN  8.450  06/15/18  8,000,000  7,825,424 
 
Diversified Financial Services 5.24 %         
CCM Merger, Inc. (S)  8.000  08/01/13  13,885,000  11,524,550 
First Maryland Capital I (P)  1.251  01/15/27  2,020,000  1,284,308 
GE Capital Australia Funding Property, Ltd.,         
Series MTN (AUD) (D)  6.500  11/15/11  7,900,000  7,102,185 
General Electric Capital Corp., Series A, MTN (NZD) (D)  7.625  12/10/14  23,120,000  17,104,385 
Indosat Finance Company BV (S)  7.125  06/22/12  373,000  384,190 
Kreditanstalt fuer Wiederaufbau, EMTN (IDR) (D)  7.000  10/22/12  146,400,000,000  15,613,560 
Macquarie Group, Ltd. (S)  7.300  08/01/14  1,735,000  1,913,240 
Morgan Stanley (BRL) (D)  10.090  05/03/17  38,110,000  19,664,984 
Odebrecht Finance, Ltd. (S)  7.500  10/18/17  2,785,000  2,924,250 
Orascom Telecom Finance SCA (S)  7.875  02/08/14  1,765,000  1,553,200 

4 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
     Rate  date    Value 
 
Financials (continued)         
Swedish Exportkredit AB, Series GMTN (NZD) (D)  7.625%  06/30/14  $9,700,000  $7,321,436 
TAM Capital, Inc.  7.375  04/25/17  3,135,000  2,899,875 
Volkswagen Financial Services AG, Series EMTN (EUR) (D)  5.375  01/25/12  1,840,000  2,654,841 
 
Insurance 0.65 %         
Liberty Mutual Group, Inc. (S),         
   (10.750% to 6-15-38 then 3 month US LIBOR + 712 bps)  10.750  06/15/88  4,910,000  5,302,800 
Lincoln National Corp.  7.000  05/17/66  2,770,000  2,365,026 
Symetra Financial Corp. (S),         
   (8.300% to 10-1-17 then 3 month US LIBOR + 417.7 bps)  8.300  10/15/37  2,585,000  2,184,325 
Willis North America, Inc.  7.000  09/29/19  1,425,000  1,496,928 
 
Real Estate Investment Trusts 0.18 %         
Dupont Fabros Technology LP (S)  8.500  12/15/17  2,465,000  2,501,975 
Omega Healthcare Investors, Inc.  7.000  04/01/14  600,000  594,000 
 
Real Estate Management & Development 0.96 %         
Realogy Corp.  10.500  04/15/14  6,950,000  5,803,250 
Realogy Corp., PIK  11.000  04/15/14  11,494,643  9,425,607 
Sable International Finance, Ltd. (S)  7.750  02/15/17  1,590,000  1,629,750 
 
Health Care 1.60%        28,068,028 
 
Health Care Equipment & Supplies 0.61 %         
HCA, Inc. (S)  8.500  04/15/19  10,000,000  10,725,000 
 
Health Care Providers & Services 0.68 %         
Community Health Systems, Inc.  8.875  07/15/15  6,275,000  6,494,625 
Hanger Orthopedic Group, Inc.  10.250  06/01/14  5,041,000  5,343,460 
 
Pharmaceuticals 0.31 %         
Catalent Pharma Solutions, Inc., PIK  9.500  04/15/15  5,809,966  5,504,943 
 
Industrials 5.31%        93,016,521 
 
Aerospace & Defense 0.27 %         
Hawker Beechcraft Acquisition Company LLC  8.500  04/01/15  6,381,000  4,817,655 
 
Airlines 2.26 %         
Delta Air Lines, Inc. (S)  12.250  03/15/15  2,810,000  2,855,663 
Delta Air Lines, Inc. (S)  9.500  09/15/14  6,715,000  6,832,513 
Delta Air Lines, Inc., Series 2007-1, Class A  6.821  08/10/22  3,922,757  3,756,040 
Global Aviation Holdings, Ltd. (S)  14.000  08/15/13  8,740,000  8,805,550 
United Air Lines, Inc.  12.750  07/15/12  2,290,000  2,427,400 
United Air Lines, Inc. (S)  12.000  11/01/13  6,170,000  5,984,900 
United Air Lines, Inc.  10.400  11/01/16  2,405,000  2,543,288 
United Air Lines, Inc. (S)  9.875  08/01/13  1,205,000  1,205,000 
United Air Lines, Inc.  9.750  01/15/17  4,980,000  5,191,650 
Building Materials 0.09 %         
Voto-Votorantim Overseas Trading Operations NV (S)  6.625  09/25/19  1,545,000  1,537,275 
Commercial Services & Supplies 0.29 %         
Aramark Services, Inc.  8.500  02/01/15  5,000,000  5,050,000 
Diversified Financial Services 0.71 %         
Daimler Finance North America LLC, EMTN (EUR) (D)  4.375  03/21/13  8,755,000  12,476,062 
Electrical Equipment 0.20 %         
Baldor Electric Company  8.625  02/15/17  1,330,000  1,363,250 
Coleman Cable, Inc. (S)  9.000  02/15/18  2,205,000  2,182,950 

5 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate  date    Value 
 
Industrials (continued)         
 
Industrial Conglomerates 0.38 %         
Grupo Kuo SAB de CV (S)  9.750%  10/17/17  $3,380,000  $3,380,000 
Hutchison Whampoa International, Ltd. (S)  4.625  09/11/15  2,550,000  2,622,772 
Smiths Group PLC (S)  7.200  05/15/19  520,000  588,599 
 
Machinery 0.65 %         
Ingersoll-Rand Global Holding Company, Ltd.  6.000  08/15/13  2,905,000  3,211,350 
Mueller Water Products, Inc.  7.375  06/01/17  9,100,000  8,099,000 
 
Marine 0.11 %         
Navios Maritime Holdings, Inc.  9.500  12/15/14  2,000,000  1,980,000 
 
Road & Rail 0.35 %         
Kansas City Southern de Mexico SA de CV (S)  8.000  02/01/18  3,000,000  2,962,500 
RailAmerica, Inc.  9.250  07/01/17  2,997,000  3,143,104 
 
Information Technology 0.50%        8,756,850 
 
Internet & Catalog Retail 0.17 %         
GXS Worldwide, Inc. (S)  9.750  06/15/15  3,095,000  2,940,250 
 
IT Services 0.10 %         
Equinix, Inc.  8.125  03/01/18  1,810,000  1,810,000 
 
Software 0.23 %         
Vangent, Inc.  9.625  02/15/15  4,355,000  4,006,600 
 
Materials 5.70%        99,843,314 
 
Chemicals 1.18 %         
American Pacific Corp.  9.000  02/01/15  4,340,000  4,285,750 
Berry Plastics Corp.  8.875  09/15/14  2,660,000  2,560,250 
Berry Plastics Escrow LLC (S)  8.250  11/15/15  5,255,000  5,189,313 
Braskem S.A. (S)  11.750  01/22/14  2,800,000  3,444,000 
Lumena Resources Corp. (S)  12.000  10/27/14  6,005,000  5,106,239 
 
Containers & Packaging 1.60 %         
Ball Corp.  6.625  03/15/18  515,000  518,863 
Cascades, Inc. (S)  7.875  01/15/20  1,695,000  1,711,950 
Graham Packaging Company LP  9.875  10/15/14  1,035,000  1,055,700 
Graham Packaging Company LP (S)  8.250  01/01/17  2,730,000  2,675,400 
Graphic Packaging International, Inc.  9.500  08/15/13  8,060,000  8,221,200 
Graphic Packaging International, Inc.  9.500  06/15/17  4,290,000  4,504,500 
Owens-Brockway Glass Container, Inc.  8.250  05/15/13  3,200,000  3,248,000 
Sealed Air Corp. (S)  7.875  06/15/17  3,025,000  3,207,371 
Smurfit-Stone Container Enterprises, Inc. (H)  8.375  07/01/12  3,015,000  2,494,913 
Smurfit-Stone Container Enterprises, Inc. (H)  8.000  03/15/17  455,000  374,238 
 
Metals & Mining 1.81 %         
CII Carbon LLC (S)  11.125  11/15/15  12,430,000  12,398,925 
CSN Islands XI Corp (S)  6.875  09/21/19  1,560,000  1,583,400 
Essar Steel Algoma, Inc. (S)  9.375  03/15/15  3,550,000  3,496,750 
Gerdau Holdings, Inc. (S)  7.000  01/20/20  2,525,000  2,550,250 
OI European Group BV (EUR) (D)  6.875  03/31/17  1,715,000  2,288,526 
Rio Tinto Finance USA, Ltd.  9.000  05/01/19  2,500,000  3,239,748 
Rio Tinto Finance USA, Ltd.  7.125  07/15/28  3,985,000  4,532,459 
Teck Resources, Ltd.  10.750  05/15/19  1,385,000  1,703,550 
 
Paper & Forest Products 1.11 %         
Abitibi-Consolidated Company of Canada (H)(S)  13.750  04/01/11  3,750,404  3,853,540 

6 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate  date    Value 
 
Materials (continued)         
International Paper Company  7.950%  06/15/18  $2,990,000  $3,473,929 
NewPage Corp.  11.375  12/31/14  8,530,000  8,146,150 
PE Paper Escrow GmbH (S)  12.000  08/01/14  605,000  656,425 
Pope & Talbot, Inc. (H)  8.375  06/01/13  3,000,000  300 
Pope & Talbot, Inc. (H)  8.375  06/01/13  5,250,000  525 
Verso Paper Holdings LLC (S)  11.500  07/01/14  1,415,000  1,485,750 
Verso Paper Holdings LLC, Series B  9.125  08/01/14  1,995,000  1,835,400 
 
Telecommunication Services 5.02%        87,976,524 
 
Diversified Telecommunication Services 2.32 %         
AT&T, Inc.  6.700  11/15/13  2,730,000  3,109,748 
Axtel SAB de CV (S)  9.000  09/22/19  1,705,000  1,734,838 
Axtel SAB de CV (S)  7.625  02/01/17  5,000,000  4,925,000 
Cincinnati Bell, Inc.  8.375  01/15/14  5,850,000  5,893,875 
Citizens Communications Company  7.125  03/15/19  2,770,000  2,589,950 
Intelsat Bermuda, Ltd.  11.250  02/04/17  10,320,000  10,461,900 
Level 3 Financing, Inc. (S)  10.000  02/01/18  890,000  816,575 
Verizon Wireless Capital LLC  7.375  11/15/13  3,000,000  3,482,370 
West Corp.  11.000  10/15/16  7,705,000  7,724,263 
 
Wireless Telecommunication Services 2.70 %         
American Tower Corp.  7.000  10/15/17  3,500,000  3,902,500 
CC Holdings GS V LLC (S)  7.750  05/01/17  2,365,000  2,560,113 
Digicel Group, Ltd. (S)  8.250  09/01/17  6,190,000  5,880,500 
Grupo Iusacell SA de CV (S)  10.000  12/31/13  2,359,588  825,856 
Nextel Communications, Inc.  7.375  08/01/15  8,000,000  7,380,000 
NII Capital Corp. (S)  10.000  08/15/16  2,025,000  2,197,125 
NII Capital Corp. (S)  8.875  12/15/19  2,830,000  2,893,675 
Rogers Cable, Inc. (CAD) (D)  7.250  12/15/11  6,750,000  6,995,980 
Sprint Capital Corp.  8.750  03/15/32  6,820,000  6,018,650 
Sprint Capital Corp.  8.375  03/15/12  8,405,000  8,583,606 
 
Utilities 1.04%        18,178,532 
 
Electric Utilities 0.81 %         
Appalachian Power Company  5.000  06/01/17  2,305,000  2,354,970 
Texas Competitive Electric Holdings Company LLC, Series A  10.250  11/01/15  11,220,000  8,385,828 
United Maritime Group LLC (S)  11.750  06/15/15  3,425,000  3,425,000 
 
Independent Power Producers & Energy Traders 0.08 %         
Listrindo Capital BV (S)  9.250  01/29/15  1,435,000  1,477,792 
 
Multi-Utilities 0.15 %         
Dominion Resources, Inc.  5.600  11/15/16  2,305,000  2,534,942 
 
Convertible Bonds 2.10%        $36,761,587 
(Cost $33,759,357)         
 
Consumer Discretionary 1.10%        19,283,575 
 
Automobiles 1.05 %         
Ford Motor Company  4.250  11/15/16  8,880,000  12,609,600 
TRW Automotive, Inc. (S)  3.500  12/01/15  5,045,000  5,776,525 
 
Household Durables 0.05 %         
Beazer Homes USA, Inc.  4.625  06/15/24  930,000  897,450 

7 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

               Maturity  Par value   
  Rate                     date    Value 
 
Energy 0.10%        $1,826,550 
 
Oil, Gas & Consumable Fuels 0.10 %         
Chesapeake Energy Corp.  2.250%           12/15/38  $2,460,000  1,826,550 
 
Industrials 0.54%        9,414,712 
 
Airlines 0.41 %         
Continental Airlines, Inc.  4.500           01/15/15  2,815,000  3,430,781 
UAL Corp.  4.500           06/30/21  3,930,000  3,654,900 
 
Trading Companies & Distributors 0.13 %         
United Rentals, Inc.  4.000           11/15/15  2,535,000  2,329,031 
 
Telecommunication Services 0.36%        6,236,750 
 
Wireless Telecommunication Services 0.36 %         
NII Holdings, Inc.  2.750           08/15/25  6,175,000  6,236,750 
 
Municipal Bonds 1.05%        $18,358,801 
(Cost $18,576,118)         
 
California 0.89%        15,576,231 
California State Public Works Board, Series G2  8.361           10/01/34  6,040,000  6,255,205 
County Of Siskiyou  6.100           06/01/37  2,445,000  1,719,471 
State of California  7.300           10/01/39  5,185,000  4,956,030 
State of California  6.200           10/01/19  2,595,000  2,645,525 
 
New York 0.16%        2,782,570 
City of New York  5.206           10/01/31  3,005,000  2,782,570 
 
Foreign Government Obligations 19.33%        $338,819,435 
(Cost $328,256,442)         
 
Foreign Government 19.33%        338,819,435 
Canada Housing Trust (CAD) (D)  4.800  06/15/12  2,340,000  2,384,856 
Federal Republic of Germany (EUR) (D)  5.000  01/04/12  8,590,000  12,571,362 
Federal Republic of Germany (EUR) (D)  4.250  07/04/18  5,680,000  8,481,217 
Federative Republic of Brazil (BRL) (D)  10.250  01/10/28  54,670,000  30,857,095 
Government of Belgium (EUR) (D)  3.500  03/28/15  9,500,000  13,543,654 
Government of Canada (CAD) (D)  4.000  06/01/16  33,295,000  33,731,360 
Government of France (EUR) (D)  4.250  04/25/19  7,805,000  11,472,049 
Government of France (EUR) (D)  2.500  01/12/14  5,900,000  8,211,764 
Government of Mexico  11.375  09/15/16  3,800,000  5,301,000 
Government of Norway (NOK) (D)  5.000  05/15/15  92,202,000  17,003,508 
Government of Norway (NOK) (D)  4.500  05/22/19  61,486,000  11,095,803 
Government of Spain (EUR) (D)  5.400  07/30/11  8,520,000  12,276,221 
Government of Ukraine (S)  6.580  11/21/16  1,755,000  1,491,750 
Kingdom of Sweden (SEK) (D)  5.000  12/01/20  110,425,000  18,017,436 
Kingdom of Sweden (SEK) (D)  3.750  08/12/17  120,830,000  17,853,176 
Korea Development Bank  4.375  08/10/15  1,530,000  1,550,802 
New South Wales Treasury Corp. (AUD) (D)  6.000  05/01/12  27,337,000  25,062,032 
New South Wales Treasury Corp. (AUD) (D)  5.500  08/01/14  18,339,000  16,526,173 
Ontario School Boards Financing Corp. (CAD) (D)  6.250  10/19/16  8,485,000  9,230,199 
Province of Ontario (NZD) (D)  6.250  06/16/15  30,690,000  22,065,868 
Province of Ontario (CAD) (D)  4.750  06/02/13  14,000,000  14,365,634 
Province of Ontario (CAD) (D)  4.500  03/08/15  8,915,000  9,110,805 

8 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate         date    Value 
 
Foreign Government (continued)         
Province of Quebec (CAD) (D)  5.250%  10/01/13  $14,000,000  $14,636,799 
Republic of Indonesia (S)  5.875  03/13/20  4,140,000  4,279,725 
Republic of Korea (KRW) (D)  5.750  09/10/18  9,930,000,000  8,912,935 
Republic of Korea (KRW) (D)  5.000  09/10/14  4,950,000,000  4,354,037 
Republic of Turkey  6.750  05/30/40  4,540,000  4,432,175 
 
Term Loans (M) 2.43%        $42,679,451 
(Cost $41,030,768)         
 
Consumer Discretionary 0.94%        16,553,766 
 
Hotels, Restaurants & Leisure 0.29 %         
East Valley Tourist Development Authority,  12.000  08/06/12  507,883  406,306 
Greektown Holdings LLC  14.500  09/30/10  4,259,456  4,280,754 
Greektown Holdings LLC (U)  6.250  09/30/10  448,277  448,277 
 
Media 0.40 %         
Dex Media West, Inc.,  7.500  10/24/14  2,139,133  2,039,663 
SuperMedia, Inc.,  11.000  12/31/15  5,532,511  5,039,775 
 
Specialty Retail 0.25 %         
Michaels Stores, Inc.,  2.519  10/31/13  4,817,755  4,338,991 
 
Financials 0.07%        1,201,688 
 
Real Estate Management & Development 0.07 %         
Realogy Corp.  13.500         10/16/17  1,105,000  1,201,688 
 
Health Care 0.08%        1,433,004 
 
Health Care Equipment & Supplies 0.08 %         
Bausch & Lomb, Inc. (EUR) (D)  3.878         04/11/15  1,117,200  1,433,004 
 
Industrials 0.78%        13,659,971 
 
Airlines 0.69 %         
Delta Airlines, Inc.  3.501         04/30/14  9,987,126  8,474,076 
US Airways Group, Inc.  2.729         03/23/14  4,756,061  3,590,826 
 
Commercial Services & Supplies 0.09 %         
Quebecor World Capital Corp.  9.000         07/10/12  1,579,276  1,595,069 
 
Materials 0.56%        9,831,022 
 
Chemicals 0.15 %         
LyondellBasell Industries (T)  Zero         12/20/13  237,776  166,741 
LyondellBasell Industries (T)  Zero         12/20/13  63,407  44,464 
LyondellBasell Industries (T)  Zero         12/20/13  453,031  319,387 
LyondellBasell Industries (T)  Zero         12/20/13  145,408  101,967 
LyondellBasell Industries (T)  Zero         12/20/13  182,035  127,652 
LyondellBasell Industries (T)  Zero         12/20/13  789,903  553,919 
LyondellBasell Industries (T)  Zero         12/20/13  182,035  127,652 
LyondellBasell Industries (T)  Zero         12/20/13  789,903  553,919 
LyondellBasell Industries (T)  Zero         12/20/13  182,035  127,652 
LyondellBasell Industries (T)  Zero         12/20/13  789,903  553,919 
 
Paper & Forest Products 0.41 %         
AbitibiBowater, Inc.  11.000         06/30/10  $7,375,000  7,153,750 

9 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

  Shares  Value 
 
Common Stocks 2.59%    $45,335,313 
(Cost $46,384,692)     
 
Consumer Discretionary 2.04%    35,660,198 
 
Auto Components 0.73 %     
Lear Corp. (I)  184,688  12,793,337 
 
Hotels, Restaurants & Leisure 0.00 %     
Fontainebleau Resorts LLC, Class A (I)  67,568  0 
 
Media 1.31 %     
Charter Communications, Inc., Class A (I)  204,059  6,070,755 
Dex One Corp. (I)  16,038  477,932 
Sirius XM Radio, Inc. (I)  14,769,784  15,065,180 
SuperMedia, Inc. (I)  29,833  1,252,994 
 
Financials 0.45%    7,963,086 
 
Commercial Banks 0.10 %     
Citizens Republic Banking Corp., Inc. (I)  2,516,040  1,773,808 
 
Diversified Financial Services 0.35 %     
Apollo Investment Corp.  156,410  1,823,741 
Ares Capital Corp.  334,012  4,365,537 
 
Materials 0.04%    679,068 
 
Containers & Packaging 0.04 %     
Pactiv Corp. (I)  27,426  679,068 
 
Telecommunication Services 0.06%    1,032,961 
 
Diversified Telecommunication Services 0.04 %     
Chunghwa Telecom Company, Ltd., ADR  29,497  551,004 
Colt Telecom Group SA (GBP) (D)  31,242  63,606 
Deutsche Telekom AG, SADR  8,253  106,299 
Manitoba Telecom Services, Inc.  910  27,546 
 
Wireless Telecommunication Services 0.02 %     
USA Mobility, Inc. (I)  25,267  284,506 
 
 
Preferred Stocks 2.09%    $36,716,298 
(Cost $34,601,831)     
 
Consumer Discretionary 0.49%    8,548,019 
Charter Communications, Inc., Series A, PIK, 15.000%  208,054  5,409,398 
Lear Corp., Series A, 0.00%  47,555  3,138,621 
 
Financials 1.59%    27,876,090 
Bank of America Corp., Series L, 7.250%  12,790  11,606,925 
Citigroup, Inc., 7.500%  73,270  7,858,940 
Wells Fargo & Company, Series L, 7.500%  8,825  8,410,225 
 
Materials 0.01%    292,189 
Freeport-McMoRan Copper & Gold, Inc., 6.750%  2,714  292,189 

10 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

    Maturity  Par value   
  Rate  date    Value 
 
Collateralized Mortgage Obligations 8.67%      $151,976,142 
(Cost $141,640,929)         
 
Collateralized Mortgage Obligations 8.67%        151,976,142 
American Home Mortgage Assets,         
   Series 2006-6, Class XP IO  2.698%  12/25/46  $55,191,144  2,414,613 
American Home Mortgage Investment Trust,         
   Series 2007-1, Class GIOP IO  2.078  05/25/47  33,718,786  1,980,979 
American Tower Trust,         
   Series 2007-1A, Class C (S)  5.615  04/15/37  1,285,000  1,349,250 
Banc of America Commercial Mortgage, Inc.,         
   Series 2006-5, Class A4  5.414  09/10/47  11,640,000  11,458,492 
Bear Stearns Mortgage Funding Trust         
   Series 2006-AR1, Class 2A1 (P)  0.449  08/25/36  1,998,286  1,014,984 
Citigroup/Deutsche Bank Commercial Mortgage Trust,         
   Series 2007-CD5, Class A4 (P)  5.886  11/15/44  10,710,000  10,272,486 
Commercial Mortgage Pass Through Certificates,         
   Series 2007-C9, Class A4  5.816  12/10/49  11,395,000  11,063,155 
Countrywide Alternative Loan Trust,         
   Series 2004-28CB, Class 3A1  6.000  01/25/35  8,397,481  7,595,784 
   Series 2006-OA12, Class X IO  2.928  09/20/46  27,004,115  1,097,042 
Crown Castle Towers LLC,         
   Series 2006-1A, Class F (S)  6.650  11/15/36  3,210,000  3,386,550 
   Series 2006-1A, Class G (S)  6.795  11/15/36  3,835,000  4,045,925 
Downey Savings & Loan Association Mortgage Loan Trust,         
   Series 2005-AR1, Class X2 IO  2.178  03/19/45  62,570,531  2,621,705 
   Series 2005-AR2, Class X2 IO  2.320  03/19/45  93,270,260  3,796,100 
First Horizon Alternative Mortgage Securities,         
   Series 2006-RE1, Class A1  5.500  05/25/35  3,778,340  2,845,562 
Global Tower Partners Acquisition Partners LLC,         
   Series 2007-1A, Class G (S)  7.874  05/15/37  1,840,000  1,866,018 
Greenpoint Mortgage Funding Trust,         
   Series 2005-AR4, Class 4A2 (P)  0.589  10/25/45  4,962,060  1,300,093 
   Series 2006-AR1, Class A2A (P)  0.599  02/25/36  2,810,307  842,733 
Greenwich Capital Commercial Funding Corp.,         
   Series 2006-GG7, Class A4 (P)  5.883  07/10/38  9,865,000  9,780,020 
Harborview Corp., Net Interest Margin Notes         
   Series 2007-3A, Class N1 (I)(S)  6.654  05/19/37  34,143  0 
Harborview Mortgage Loan Trust,         
   Series 2005-8, Class 1X IO  2.421  09/19/35  30,382,532  1,186,818 
   Series 2006-SB1, Class A1A (P)  1.331  12/19/36  5,038,171  2,092,065 
   Series 2007-3, Class ES IO  0.350  05/19/47  69,659,235  564,240 
   Series 2007-4, Class ES IO  0.350  07/19/47  74,990,361  607,422 
   Series 2007-6, Class ES IO  0.342  08/19/37  55,306,537  447,983 
IndyMac Index Mortgage Loan Trust,         
   Series 2005-AR18, Class 1X IO  2.421  10/25/36  71,359,481  2,454,766 
   Series 2005-AR18, Class 2X IO  2.150  10/25/36  80,323,737  2,859,525 
JPMorgan Chase Commercial Mortgage Securities Corp.,         
   Series 2007-CB18, Class A4  5.440  06/12/47  9,205,000  8,646,332 
LB-UBS Commercial Mortgage Trust,         
   Series 2007-C7, Class A3  5.866  09/15/45  8,715,000  8,297,165 
LB-UBS Commercial Mortgage Trust,         
   Series 2007-C2, Class A3  5.430  02/15/40  9,135,000  8,513,443 

11 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

      Maturity  Par value   
    Rate  date    Value 
 
Collateralized Mortgage Obligations (continued)           
Morgan Stanley Capital I,           
   Series 2007-IQ13, Class A4  5.364%  03/15/44  $8,460,000  $7,752,670 
   Series 2007-IQ15, Class A4    5.880  06/11/49  10,120,000  9,417,850 
Morgan Stanley Mortgage Loan Trust,           
   Series 2004-9, Class 1A    6.114  11/25/34  5,405,804  5,214,762 
Washington Mutual, Inc.,           
   Series 2005-AR13, Class B1 IO    0.829  10/25/45  5,073,134  560,795 
   Series 2005-AR13, Class X IO    1.771  10/25/45  175,500,743  4,492,819 
   Series 2005-AR6, Class B1 IO    0.829  04/25/45  8,120,733  1,203,618 
   Series 2007-OA5, Class 1XPP IO    0.796  06/25/47  188,841,082  2,006,437 
   Series 2007-OA6, Class 1XPP IO    0.730  7/25/47  111,278,443  1,008,461 
Wells Fargo Mortgage Backed Securities Trust,           
   Series 2006-AR12, Class 1A1    5.959  09/25/36  7,628,405  5,917,480 
 
Asset Backed Securities 0.92%          $16,160,923 
(Cost $18,232,129)           
 
Asset Backed Securities 0.92%          16,160,923 
DB Master Finance LLC(S),           
   Series 2006-1, Class-A2    5.779  06/20/31  2,460,000  2,395,450 
   Series 2006-1, Class-M1    8.285  06/20/31  2,755,000  2,371,972 
Dominos Pizza Master Issuer LLC(S),           
   Series 2007-1, Class M1    7.629  04/25/37  5,660,000  4,528,000 
   Series 2007-1, Class A2    5.261  04/25/37  6,055,000  5,375,954 
Lehman XS Trust,           
   Series 2005-5N, Class 3A2 (P)    0.589  11/25/35  1,190,309  429,531 
   Series 2006-2N, Class 1A2 (P)    0.569  02/25/46  5,021,077  1,060,016 
 
  Number of  Excercise  Expiration   
Issuer  contracts    price  date  Value 
 
Options Purchased 0.11%          $1,865,509 
(Cost $3,888,031)           
 
Financials 0.11%          1,865,509 
Over the Counter Purchase Call on the USD vs. JPY  60,800,000    $97.00  04/15/10  46,755 
Over the Counter Purchase Call on the USD vs. JPY  53,000,000    110.00  03/12/10  53 
Over the Counter Purchase Put on the CAD vs. USD  27,890,000    1.30  02/25/10  28 
Over the Counter Purchase Put on the EUR vs. USD  140,672,000    1.28  05/31/10  774,118 
Over the Counter Purchase Put on the GBP vs. USD  88,760,000    1.40  06/30/10  833,811 
Over the Counter Purchase Put on the USD vs. JPY  51,700,000    115.00  04/01/10  52 
Over the Counter Purchase Put on the USD vs. MXN  59,400,000    12.10  06/11/10  210,692 
 
        Shares  Value 
 
Warrants 0.00%          $841 
(Cost $28,043)           
 
Consumer Discretionary 0.00%          841 
 
Media 0.00 %           
Virgin Media, Inc. (Expiration date 1-13-11; strike price $105.17) (I)      28,043  841 

12 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

         Maturity  Par value   
  Rate               date    Value 
Supranational Obligations 4.23%        $74,124,723 
(Cost $68,151,676)         
 
Diversified Banks 1.11%        19,487,311 
European Investment Bank, MTN (AUD) (D)  5.375%  05/20/14  $11,836,000  10,450,023 
International Finance Corp. (AUD) (D)  7.500  02/28/13  9,510,000  9,037,288 
 
Diversified Financial Services 3.12%        54,637,412 
Council of Europe Development Bank (AUD) (D)  5.250  05/27/13  10,550,000  9,387,878 
Inter-American Development Bank, Series INTL (NZD) (D)  7.250  05/24/12  20,555,000  15,245,771 
Inter-American Development Bank, Series MPLE (CAD) (D)  4.250  12/02/12  4,770,000  4,820,683 
Inter-American Development Bank, MTN (AUD) (D)  5.375  05/27/14  13,790,000  12,223,275 
International Bank for Reconstruction & Development (NZD) (D)  5.375  12/15/14  18,470,000  12,959,805 
 
Short-Term Investments 1.62%        $28,500,000 
(Cost $28,500,000)         
 
U.S. Government Agency 1.62%  Yield*      28,500,000 
Federal Home Loan Bank Discount Notes  0.060%     03/01/10  28,500,000  28,500,000 
 
Total investments (Cost $1,668,316,820) 97.87%      $1,715,439,144 
 
Other assets and liabilities, net 2.13%        $37,247,108 
 
Total net assets 100.00%      $1,752,686,252 

The percentage shown for each investment category is the total value of that category as a percentage of the net assets applicable to common shareholders.

Currency abbreviations

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

EUR – Euro

GBP – Pound Sterling

IDR – Indonesian Rupiah

JPY – Japanese Yen

KRW – Korean Won

MXN – Mexican Peso

NOK – Norwegian Krone

NZD – New Zealand Dollar

SEK – Swedish Krona

ADR American Depositary Receipts

BKNT Bank Note

EMTN European Medium Term Note

GMTN Global Medium Term Note

IO Interest Only Security - Interest Tranche of Stripped Mortgage Pool

13 



John Hancock Strategic Income Fund
Securities owned by the Fund on
February 28, 2010 (Unaudited)

MTN Medium-Term Note

PIK Paid In Kind

SADR Sponsored American Depositary Receipts

(D) Par value of foreign bonds is expressed in local currency, as shown parenthetically in security description.

(H) Defaulted Security. Currently, the issuer is in default with respect to interest payments.

(I) Non-income producing security.

(M) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end unless the investment is unsettled.

(P) Variable rate obligation. The coupon rate shown represents the rate at period end.

(S) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $364,315,930 or 20.78% of the Fund's net assets as of February 28, 2010.

(T) All or a portion of this position represents unsettled loan commitment. Rate will be determined at time of settlement.

(U) All or a portion of this position represents unfunded loan commitment.

† At January 31, 2010, the aggregate cost of investment securities for federal income tax purposes was $1,672,008,791. Net unrealized appreciation aggregated $43,430,353, of which $124,895,515 related to appreciated investment securities and $81,465,162 related to depreciated investment securities.

* 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.

14 



Notes to the Schedule of Investments (Unaudited)

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. The Fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these techniques are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes significant unobservable inputs when market prices are not readily available or reliable, including the Fund’s own assumptions in determining the fair value of investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s investments as of February 28, 2010, by major security category or security type:

   Total Market  Level 1 Quoted  Level 2 Significant  Level 3 Significant 
  Value at 2/28/10           Price  Observable Inputs  Unobservable Inputs 
U.S. Government & Agency         
Obligations  $74,839,845  -  $74,839,845  - 
Corporate Bonds  849,300,276  -  812,736,724  $36,563,552 
Convertible Bonds  36,761,587  -  36,761,587  - 
Municipal Bonds  18,358,801  -  18,358,801  - 
Foreign Government         
Obligations  338,819,435  -  338,819,435  - 
Term Loans  42,679,451  -  40,321,566  2,357,885 
Common Stocks  45,335,313  $45,271,707  63,606  - 
Preferred Stocks  36,716,298  28,168,279  3,138,621  5,409,398 
Collateralized Mortgage         
Obligations  151,976,142  -  124,437,232  27,538,910 
 
Asset Backed Securities  16,160,923  -  11,632,923  4,528,000 
Purchased Options  1,865,509  -  880,566  984,943 
Warrants  841  841  -  - 
 
Supranational Obligations  74,124,723  -  74,124,723  - 
 
Short-Term Investments  28,500,000  -  28,500,000  - 
Total investments in         
securities  $1,715,439,144  $73,440,827  $1,564,615,629  $77,382,688 
Other Financial         
Instruments  9,508,373  (3,812,515)  13,320,916  (28) 
Totals  $1,724,947,517  $69,628,312  $1,577,936,545  $77,382,660 

15 



The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

          Collateralized      Other   
  Corporate    Common  Preferred  Mortgage  Asset backed  Purchase  Financial   
  Bonds  Term Loans  Stocks  Stocks  Obligations  securities  Options  Instruments  Total 
 
Balance as of                   
5/31/09  $4,544,190  $1,710,007  $101,291  -  $18,749,981  $2,490,400  $1,071,389  ($688,591)  $27,978,667 
 
 
Accrued                   
discounts/premiums  381,901  -  -  -  7  1  -  -  381,909 
 
 
Realized gain (loss)  837,709  (1)  -  -  2,021,985  -  (211,802)  685,000  3,332,891 
 
Change in                   
unrealized                   
appreciation                   
(depreciation)  4,460,356  (95,396)  (101,291)  $1,124,356  12,604,520  2,037,599  (1,486,085)  3,563  18,547,622 
 
Net purchases                   
(sales)  26,290,246  743,275  -  4,285,042  (4,577,664)  -  1,611,441  -  28,352,340 
 
 
Transfers in and/or                   
out of Level 3  49,150  -  -    (1,259,919)  -  -  -  (1,210,769) 
 
Balance as of                   
2/28/10  $36,563,552  $2,357,885  -  $5,409,398  $27,538,910  $4,528,000  $984,943  ($28)  $77,382,660 

In order to value the securities, the Fund uses the following valuation techniques. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, which take into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. Certain securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost.

Other portfolio assets and securities where market quotations are not readily available are valued at fair value as determined in good faith by the Fund’s Pricing Committee in accordance with procedures adopted by the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. The values of such securities used in computing the net asset value of the Fund’s shares are generally determined as of such times. Occasionally, significant events that affect the values of such securities may occur between the times at which such values are generally determined and the close of the NYSE. Upon such an occurrence, these securities will be valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees.

Futures. A future is a contractual agreement to buy or sell a particular commodity, currency, or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets, contract prices that can be highly volatile and imperfectly correlated to movements in hedged security values and/or interest rates and potential losses in excess of the fund’s initial investment. For more information on futures, please refer to the Fund’s prospectus, semi-annual and annual reports.

During the period ended February 28, 2010, the Fund used futures contracts to manage duration of the portfolio. The following table summarizes the contracts held at February 28, 2010. The range of futures contracts notional amounts held by the Fund during the period ended February 28, 2010, was $0 to $278.5 million.

          Unrealized 
  Number of    Expiration  Notional  Appreciation 
Open Contracts  Contracts  Position  Date  Value  (Depreciation) 
U.S. 10-Year Treasury Note Future  2,371  Short  June 2010  ($278,555,453)  ($3,812,515) 

16 



Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell a specific currency at a price that is set on the date of the contract. The forward contract calls for delivery of the currency on a future date that is specified in the contract. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the risk that currency movements will not occur thereby reducing the fund’s total return, and the potential for losses in excess of the fund’s initial investment. For more information on forward foreign currency contracts, please refer to the Fund’s prospectus, semi-annual and annual reports.

During the period ended February 28, 2010, the Fund used forward foreign currency contracts to hedge against anticipated currency exchange rates. The following table summarizes the contracts held at February 28, 2010. The range of forward foreign currency contracts notional amounts held by the Fund during the period ended February 28, 2010 was $1.5 billion to $3.5 billion.

    Principal Amount    Unrealized 
  Principal Amount  Covered by Contract  Settlement  Appreciation 
Currency  Covered by Contract  (USD)  Date  (Depreciation) 
Buy         
Australian Dollar  15,400,000  $13,713,695  3/31/2010  $46,293 
Australian Dollar  61,200,000  53,709,121  3/31/2010  973,431 
Australian Dollar  76,100,000  67,971,128  3/31/2010  24,660 
Australian Dollar  49,500,000  44,543,070  3/31/2010  (314,535) 
Australian Dollar  43,400,000  38,981,880  3/31/2010  (203,730) 
Canadian Dollar  44,356,125  42,543,761  3/31/2010  (388,546) 
Canadian Dollar  36,111,040  34,635,565  3/31/2010  (316,322) 
Canadian Dollar  13,013,056  12,400,000  3/31/2010  (32,640) 
Euro Currency  36,000,000  49,172,401  3/31/2010  (155,082) 
Euro Currency  30,600,000  42,731,343  3/31/2010  (1,066,621) 
Euro Currency  62,700,000  86,600,323  3/31/2010  (1,228,491) 
Japanese Yen  3,738,708,000  42,043,385  3/31/2010  43,393 
Pound Sterling  34,407,745  54,003,103  3/31/2010  (1,548,745) 
Pound Sterling  53,702,328  84,494,084  3/31/2010  (2,625,275) 
Pound Sterling  43,500,000  66,328,771  3/31/2010  (13,336) 
Pound Sterling  10,250,000  15,629,193  3/31/2010  (3,142) 
Pound Sterling  81,480,000  125,413,896  3/31/2010  (1,198,226) 
Pound Sterling  29,412,676  46,023,330  3/31/2010  (1,183,918) 
Pound Sterling  18,748,796  29,427,185  3/31/2010  (844,783) 
Pound Sterling  10,545,150  16,551,148  3/31/2010  (475,143) 
Pound Sterling  24,950,000  38,043,743  3/31/2010  (7,649) 
    $1,004,960,125    ($10,518,407) 
 
Sells         
Australian Dollar  61,300,000  $54,003,103  3/31/2010  ($768,800) 
Australian Dollar  95,854,730  84,494,084  3/31/2010  (1,152,669) 
Australian Dollar  74,324,970  66,328,771  3/31/2010  (81,018) 
Australian Dollar  17,510,280  15,629,193  3/31/2010  (16,343) 
Australian Dollar  88,757,577  79,664,364  3/31/2010  358,957 
Canadian Dollar  130,971,066  125,413,896  3/31/2010  941,493 
Canadian Dollar  30,098,520  29,052,286  3/31/2010  447,227 
Canadian Dollar  12,922,536  12,400,000  3/31/2010  118,668 
 
Currency     Principal Amount       Principal Amount  Settlement  Unrealized 

17 



  Covered by Contract  Covered by Contract  Date  Appreciation 
    (USD)    (Depreciation) 
Sells (continued)         
Euro Currency  12,400,000  $16,971,043  3/31/2010  $87,300 
Euro Currency  21,500,000  29,427,185  3/31/2010  152,953 
Euro Currency  12,100,000  16,551,148  3/31/2010  75,882 
Euro Currency  30,600,000  42,043,385  3/31/2010  378,663 
Euro Currency  114,056,465  160,857,094  3/31/2010  5,558,700 
Japanese Yen  3,882,222,000  42,731,343  3/31/2010  (970,978) 
Japanese Yen  3,815,644,000  42,443,204  3/31/2010  (509,646) 
New Zealand Dollar  54,648,235  38,043,743  3/31/2010  (38,279) 
Pound Sterling  8,665,316  13,713,695  3/31/2010  503,484 
Pound Sterling  34,005,904  53,709,121  3/31/2010  1,867,367 
Pound Sterling  25,415,620  40,898,338  3/31/2010  2,152,409 
Pound Sterling  27,500,000  42,543,761  3/31/2010  620,210 
Pound Sterling  22,400,000  34,635,565  3/31/2010  486,927 
Pound Sterling  31,575,240  49,172,401  3/31/2010  1,036,177 
Pound Sterling  157,760,051  252,427,789  3/31/2010  11,923,735 
Pound Sterling  53,750,000  82,844,875  3/31/2010  903,390 
Pound Sterling  17,000,000  27,058,560  3/31/2010  1,142,183 
    $1,453,057,947    $25,217,992 

Options. There are two types of options, a put option and a call option. Options are traded either over-the-counter or by means of an exchange. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying instrument at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying instrument at the exercise price. Writing puts and buying calls may increase the Fund’s exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the Fund’s exposure to such changes. Risks related to the use of options include the loss of the premium, possible illiquidity of the options markets, trading restrictions imposed by an exchange, movements in underlying security values, and for written options, potential losses in excess of the fund’s initial investment. For more information on options, please refer to the Fund’s prospectus, semi-annual and annual reports.

During the period ended February 28, 2010, the Fund used purchased options to hedge against anticipated currency exchange rates. The range of purchased options contracts held by the Fund during the period ended February 28, 2010, was $25 to $986,903.

During the period ended February 28, 2010, the Fund wrote option contracts to hedge against currency exchange rates. The following tables summarize the Fund’s written options activities during the period ended February 28, 2010, and the contracts held at February 28, 2010.

    PREMIUMS RECEIVED 
  NUMBER OF CONTRACTS  (PAID) 
Outstanding, beginning of period  55,290,000  ($1,418,507) 
Options written  284,700,000  (2,549,606) 
Options closed  -  - 
Options exercised  -  - 
Options expired  (231,800,000)  2,394,183 
Outstanding, end of period  108,190,000  ($1,573,930) 

18 



  EXERCISE  EXPIRATION  NUMBER OF  NOTIONAL     
NAME OF ISSUER  PRICE  DATE  CONTRACTS  AMOUNT  PREMIUM  VALUE 
CALLS             
New Zealand Dollar  $2.51  March 2010  48,600,000  48,600,000  ($274,578)  ($23,517) 
PUTS             
Canadian Dollar  1.30  April 2010  27,890,000  27,890,000  (733,507)  (28) 
Pound Sterling  44.69  March 2010  31,700,000  31,700,000  (565,845)  (1,355,152) 
          ($1,573,930)  ($1,378,697) 

Fair value of derivative instruments by risk category

The table below summarizes the fair values of derivatives held by the Fund at February 28, 2010, by risk category:

  Financial Instruments  Asset Derivatives Fair  Liability Derivatives Fair 
  Location  Value  Value 
Interest rate contracts  Futures  -  ($3,812,515) 
Foreign exchange contracts  Forward foreign currency  $29,843,502  (15,143,917) 
  contracts     
Foreign exchange contracts  Written Options  -  (1,378,697) 
Equity Contracts  Purchase Options  1,865,509*  - 
 
Total    $31,709,011  ($20,335,129) 

* Purchase options are included in the Fund’s investments.

Reflects cumulative depreciation on futures.

19 






ITEM 2. 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-Q, the registrant's principal executive officer and principal accounting 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 registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.



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 Strategic Series

By:  /s/ Keith F. Hartstein 
  ------------------------------ 
  Keith F. Hartstein 
  President and Chief Executive Officer 

Date: April 19, 2010

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/ Keith F. Hartstein 
  ------------------------------- 
  Keith F. Hartstein 
  President and Chief Executive Officer 

Date: April 19, 2010

By:  /s/ Charles A. Rizzo 
  ------------------------------- 
Charles A. Rizzo
  Chief Financial Officer 

Date: April 19, 2010