Fund’s investments |
Shares | Value | ||||
Common stocks 85.7% (58.9% of Total investments) | $778,441,900 | ||||
(Cost $541,094,555) | |||||
Communication services 3.0% | 27,287,787 | ||||
Diversified telecommunication services 3.0% | |||||
AT&T, Inc. | 550,000 | 14,025,000 | |||
Verizon Communications, Inc. (A) | 249,160 | 13,262,787 | |||
Consumer staples 1.2% | 11,107,800 | ||||
Tobacco 1.2% | |||||
Philip Morris International, Inc. | 108,000 | 11,107,800 | |||
Energy 13.1% | 118,898,085 | ||||
Oil, gas and consumable fuels 13.1% | |||||
BP PLC, ADR (A)(B) | 845,450 | 26,141,314 | |||
DT Midstream, Inc. | 90,000 | 4,653,000 | |||
Enbridge, Inc. (A)(B) | 347,106 | 14,672,171 | |||
Equitrans Midstream Corp. (A) | 420,000 | 3,406,200 | |||
Kinder Morgan, Inc. | 1,105,000 | 19,182,800 | |||
ONEOK, Inc. | 305,000 | 18,507,400 | |||
The Williams Companies, Inc. (A)(B) | 1,080,000 | 32,335,200 | |||
Financials 6.7% | 60,686,981 | ||||
Banks 4.3% | |||||
Huntington Bancshares, Inc. (A)(B) | 1,000,000 | 15,060,000 | |||
PacWest Bancorp (A)(B) | 309,459 | 14,368,181 | |||
Umpqua Holdings Corp. | 480,000 | 9,734,400 | |||
Capital markets 2.4% | |||||
Ares Management Corp., Class A | 270,000 | 21,524,400 | |||
Utilities 61.7% | 560,461,247 | ||||
Electric utilities 28.3% | |||||
Alliant Energy Corp. | 360,000 | 21,549,600 | |||
American Electric Power Company, Inc. (A)(B) | 375,000 | 33,900,000 | |||
Duke Energy Corp. (A)(B) | 270,000 | 28,366,200 | |||
Entergy Corp. (A)(B) | 218,000 | 24,365,860 | |||
Eversource Energy (A)(B) | 273,227 | 24,451,084 | |||
Exelon Corp. | 195,000 | 11,300,250 | |||
FirstEnergy Corp. (A)(B) | 510,000 | 21,399,600 | |||
OGE Energy Corp. (A)(B) | 610,000 | 23,131,200 | |||
Pinnacle West Capital Corp. | 50,000 | 3,480,500 | |||
PPL Corp. | 775,000 | 23,002,000 | |||
The Southern Company (A)(B) | 405,000 | 28,143,450 | |||
Xcel Energy, Inc. (A) | 207,000 | 14,419,620 | |||
Gas utilities 3.3% | |||||
Spire, Inc. (A)(B) | 235,000 | 15,491,200 | |||
UGI Corp. (A)(B) | 310,000 | 14,058,500 | |||
Independent power and renewable electricity producers 3.0% | |||||
NextEra Energy Partners LP | 125,000 | 9,402,500 | |||
The AES Corp. (A) | 800,000 | 17,744,000 | |||
Multi-utilities 27.1% | |||||
Algonquin Power & Utilities Corp. | 275,000 | 12,850,750 | |||
Ameren Corp. (A)(B) | 330,000 | 29,284,200 | |||
Black Hills Corp. (A)(B) | 394,775 | 26,742,059 | |||
CenterPoint Energy, Inc. (A) | 1,335,923 | 37,886,774 |
2 | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Utilities (continued) | |||||
Multi-utilities (continued) | |||||
Dominion Energy, Inc. (A) | 190,000 | $15,325,400 | |||
Dominion Energy, Inc. | 281,000 | 28,667,620 | |||
DTE Energy Company (A)(B) | 180,000 | 21,677,400 | |||
National Grid PLC, ADR | 201,583 | 14,753,860 | |||
NiSource, Inc. | 950,000 | 27,721,000 | |||
Public Service Enterprise Group, Inc. | 275,000 | 18,295,750 | |||
Sempra Energy | 94,462 | 13,050,870 | |||
Preferred securities 34.5% (23.7% of Total investments) | $313,409,810 | ||||
(Cost $300,215,521) | |||||
Communication services 2.6% | 23,230,308 | ||||
Media 1.4% | |||||
ViacomCBS, Inc., 5.750% | 215,000 | 12,551,700 | |||
Wireless telecommunication services 1.2% | |||||
Telephone & Data Systems, Inc., 6.625% (A) | 410,400 | 10,678,608 | |||
Energy 0.6% | 5,577,600 | ||||
Oil, gas and consumable fuels 0.6% | |||||
Enbridge, Inc. (6.375% to 4-15-23, then 3 month LIBOR + 3.593%) (A) | 210,000 | 5,577,600 | |||
Financials 9.8% | 88,979,151 | ||||
Banks 6.0% | |||||
Bank of America Corp., 7.250% | 7,000 | 9,856,000 | |||
Citigroup, Inc. (7.125% to 9-30-23, then 3 month LIBOR + 4.040%) (A) | 210,854 | 5,655,104 | |||
Fifth Third Bancorp, 6.000% (A) | 400,000 | 10,240,000 | |||
First Republic Bank, 4.000% (A) | 332,000 | 7,320,600 | |||
Synovus Financial Corp. (6.300% to 6-21-23, then 3 month LIBOR + 3.352%) (A) | 188,000 | 4,810,920 | |||
The PNC Financial Services Group, Inc. (6.125% to 5-1-22, then 3 month LIBOR + 4.067%) (A) | 40,000 | 1,012,800 | |||
Wells Fargo & Company, 7.500% | 11,000 | 15,665,210 | |||
Capital markets 1.9% | |||||
Morgan Stanley (6.375% to 10-15-24, then 3 month LIBOR + 3.708%) (A) | 220,000 | 5,997,200 | |||
Morgan Stanley (7.125% to 10-15-23, then 3 month LIBOR + 4.320%) (A) | 395,862 | 10,719,943 | |||
State Street Corp. (5.900% to 3-15-24, then 3 month LIBOR + 3.108%) | 25,000 | 662,500 | |||
Insurance 1.9% | |||||
American Equity Investment Life Holding Company (6.625% to 9-1-25, then 5 Year CMT + 6.297%) (A) | 164,125 | 4,513,438 | |||
Athene Holding, Ltd., Series A (6.350% to 6-30-29, then 3 month LIBOR + 4.253%) | 355,787 | 9,894,436 | |||
Brighthouse Financial, Inc., 6.600% (A) | 100,000 | 2,631,000 | |||
Health care 1.2% | 11,058,600 | ||||
Health care equipment and supplies 1.2% | |||||
Becton, Dickinson and Company, 6.000% | 210,000 | 11,058,600 | |||
Utilities 20.3% | 184,564,151 | ||||
Electric utilities 11.2% | |||||
American Electric Power Company, Inc., 6.125% | 300,000 | 15,924,000 | |||
Duke Energy Corp., 5.750% (A) | 200,000 | 5,346,000 | |||
NextEra Energy, Inc., 5.279% | 115,000 | 5,863,850 | |||
NextEra Energy, Inc., 6.219% | 450,000 | 23,125,500 | |||
PG&E Corp., 5.500% | 105,000 | 12,674,550 | |||
SCE Trust II, 5.100% (A) | 636,625 | 15,979,288 | |||
The Southern Company, 6.750% | 435,000 | 23,185,500 | |||
Gas utilities 2.3% | |||||
South Jersey Industries, Inc., 8.750% | 200,000 | 10,736,000 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND | 3 |
Shares | Value | ||||
Utilities (continued) | |||||
Gas utilities (continued) | |||||
Spire, Inc., 5.900% (A) | 219,650 | $5,825,118 | |||
Spire, Inc., 7.500% | 91,500 | 4,424,940 | |||
Independent power and renewable electricity producers 0.9% | |||||
The AES Corp., 6.875% | 90,000 | 8,194,500 | |||
Multi-utilities 5.9% | |||||
Algonquin Power & Utilities Corp. (6.200% to 7-1-24, then 3 month LIBOR + 4.010%) (A) | 200,000 | 5,348,000 | |||
DTE Energy Company, 6.250% | 284,000 | 14,441,400 | |||
Integrys Holding, Inc. (6.000% to 8-1-23, then 3 month LIBOR + 3.220%) (A) | 210,000 | 5,344,500 | |||
NiSource, Inc. (6.500% to 3-15-24, then 5 Year CMT + 3.632%) (A) | 250,000 | 6,767,500 | |||
NiSource, Inc., 7.750% | 177,300 | 20,185,605 | |||
Sempra Energy, 5.750% (A) | 45,000 | 1,197,900 | |||
Rate (%) | Maturity date | Par value^ | Value | ||
Corporate bonds 23.4% (16.1% of Total investments) | $212,761,322 | ||||
(Cost $206,265,274) | |||||
Consumer discretionary 2.1% | 19,274,850 | ||||
Automobiles 2.1% | |||||
General Motors Financial Company, Inc. (5.700% to 9-30-30, then 5 Year CMT + 4.997%) (C) | 5.700 | 09-30-30 | 10,750,000 | 12,080,850 | |
General Motors Financial Company, Inc. (6.500% to 9-30-28, then 3 month LIBOR + 3.436%) (C) | 6.500 | 09-30-28 | 6,600,000 | 7,194,000 | |
Financials 16.5% | 149,674,948 | ||||
Banks 11.3% | |||||
Bank of America Corp. (5.875% to 3-15-28, then 3 month LIBOR + 2.931%) (A)(B)(C) | 5.875 | 03-15-28 | 10,025,000 | 10,601,438 | |
BNP Paribas SA (7.375% to 8-19-25, then 5 Year U.S. Swap Rate + 5.150%) (C) | 7.375 | 08-19-25 | 13,000,000 | 14,537,900 | |
Citizens Financial Group, Inc. (6.000% to 7-6-23, then 3 month LIBOR + 3.003%) (C) | 6.000 | 07-06-23 | 13,000,000 | 13,162,500 | |
Citizens Financial Group, Inc. (6.375% to 4-6-24, then 3 month LIBOR + 3.157%) (C) | 6.375 | 04-06-24 | 13,500,000 | 13,837,500 | |
Comerica, Inc. (5.625% to 7-1-25, then 5 Year CMT + 5.291%) (A)(B)(C) | 5.625 | 07-01-25 | 5,000,000 | 5,381,000 | |
Huntington Bancshares, Inc. (5.625% to 7-15-30, then 10 Year CMT + 4.945%) (A)(B)(C) | 5.625 | 07-15-30 | 5,000,000 | 5,613,600 | |
Huntington Bancshares, Inc. (5.700% to 4-15-23, then 3 month LIBOR + 2.880%) (C) | 5.700 | 04-15-23 | 3,000,000 | 3,015,000 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (A)(C) | 6.750 | 02-01-24 | 3,999,000 | 4,281,729 | |
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (A)(B)(C) | 7.500 | 06-27-24 | 11,500,000 | 12,479,570 | |
NatWest Group PLC (8.000% to 8-10-25, then 5 Year U.S. Swap Rate + 5.720%) (C) | 8.000 | 08-10-25 | 8,624,000 | 9,712,780 | |
SVB Financial Group (4.100% to 2-15-31, then 10 Year CMT + 3.064%) (A)(B)(C) | 4.100 | 02-15-31 | 9,000,000 | 8,497,980 | |
Wells Fargo & Company (5.900% to 6-15-24, then 3 month LIBOR + 3.110%) (C) | 5.900 | 06-15-24 | 2,000,000 | 2,050,000 | |
Capital markets 0.8% | |||||
The Charles Schwab Corp. (5.375% to 6-1-25, then 5 Year CMT + 4.971%) (C) | 5.375 | 06-01-25 | 6,400,000 | 6,873,600 | |
Consumer finance 2.0% | |||||
American Express Company (3.550% to 9-15-26, then 5 Year CMT + 2.854%) (C) | 3.550 | 09-15-26 | 10,500,000 | 10,053,750 | |
Discover Financial Services (6.125% to 6-23-25, then 5 Year CMT + 5.783%) (C) | 6.125 | 06-23-25 | 7,200,000 | 7,769,232 | |
Insurance 2.4% | |||||
Markel Corp. (6.000% to 6-1-25, then 5 Year CMT + 5.662%) (C) | 6.000 | 06-01-25 | 6,500,000 | 6,938,750 |
4 | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials (continued) | |||||
Insurance (continued) | |||||
MetLife, Inc. (5.875% to 3-15-28, then 3 month LIBOR + 2.959%) (C) | 5.875 | 03-15-28 | 1,000,000 | $1,103,244 | |
SBL Holdings, Inc. (7.000% to 5-13-25, then 5 Year CMT + 5.580%) (C)(D) | 7.000 | 05-13-25 | 13,975,000 | 13,765,375 | |
Utilities 4.8% | 43,811,524 | ||||
Electric utilities 1.5% | |||||
Edison International (5.000% to 12-15-26, then 5 Year CMT + 3.901%) (C) | 5.000 | 12-15-26 | 3,952,000 | 3,936,903 | |
Edison International (5.375% to 3-15-26, then 5 Year CMT + 4.698%) (C) | 5.375 | 03-15-26 | 9,500,000 | 9,636,563 | |
Independent power and renewable electricity producers 1.2% | |||||
Vistra Corp. (7.000% to 12-15-26, then 5 Year CMT + 5.740%) (C)(D) | 7.000 | 12-15-26 | 5,000,000 | 4,975,000 | |
Vistra Corp. (8.000% to 10-15-26, then 5 Year CMT + 6.930%) (C)(D) | 8.000 | 10-15-26 | 5,500,000 | 5,706,250 | |
Multi-utilities 2.1% | |||||
CenterPoint Energy, Inc. (6.125% to 9-1-23, then 3 month LIBOR + 3.270%) (C) | 6.125 | 09-01-23 | 10,750,000 | 10,993,058 | |
Dominion Energy, Inc. (4.350% to 1-15-27, then 5 Year CMT + 3.195%) (C) | 4.350 | 01-15-27 | 8,500,000 | 8,563,750 | |
Par value^ | Value | ||||
Short-term investments 1.8% (1.3% of Total investments) | $16,715,000 | ||||
(Cost $16,715,000) | |||||
Repurchase agreement 1.8% | 16,715,000 | ||||
Repurchase Agreement with State Street Corp. dated 1-31-22 at 0.000% to be repurchased at $16,715,000 on 2-1-22, collateralized by $17,188,800 U.S. Treasury Notes, 0.875% - 1.000% due 1-31-24 to 7-31-28 (valued at $17,049,347) | 16,715,000 | 16,715,000 |
Total investments (Cost $1,064,290,350) 145.4% | $1,321,328,032 | ||||
Other assets and liabilities, net (45.4%) | (412,586,084) | ||||
Total net assets 100.0% | $908,741,948 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
ADR | American Depositary Receipt |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
(A) | All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 1-31-22 was $509,557,358. A portion of the securities pledged as collateral were loaned pursuant to the Liquidity Agreement. The value of securities on loan amounted to $313,078,609. |
(B) | All or a portion of this security is on loan as of 1-31-22, and is a component of the fund’s leverage under the Liquidity Agreement. |
(C) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(D) | 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. |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND | 5 |
Open contracts | Number of contracts | Position | Expiration date | Notional basis^ | Notional value^ | Unrealized appreciation (depreciation) |
10-Year U.S. Treasury Note Futures | 980 | Short | Mar 2022 | $(126,601,966) | $(125,409,375) | $1,192,591 |
$1,192,591 |
Interest rate swaps | ||||||||||
Counterparty (OTC)/ Centrally cleared | Notional amount | Currency | Payments made | Payments received | Fixed payment frequency | Floating payment frequency | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Centrally cleared | 107,000,000 | USD | Fixed 2.136% | USD 3 month LIBOR BBA(a) | Semi Annual | Quarterly | Oct 2022 | — | $(1,726,934) | $(1,726,934) |
— | $(1,726,934) | $(1,726,934) |
(a) | At 1-31-22, the 3 month LIBOR was 0.309%. |
Derivatives Currency Abbreviations | |
USD | U.S. Dollar |
Derivatives Abbreviations | |
BBA | The British Banker’s Association |
LIBOR | London Interbank Offered Rate |
OTC | Over-the-counter |
6 | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Notes to Fund’s investments (unaudited) |
Total value at 1-31-22 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Common stocks | $778,441,900 | $778,441,900 | — | — |
Preferred securities | ||||
Communication services | 23,230,308 | 23,230,308 | — | — |
Energy | 5,577,600 | 5,577,600 | — | — |
Financials | 88,979,151 | 88,979,151 | — | — |
Health care | 11,058,600 | 11,058,600 | — | — |
Utilities | 184,564,151 | 179,219,651 | $5,344,500 | — |
Corporate bonds | 212,761,322 | — | 212,761,322 | — |
Short-term investments | 16,715,000 | — | 16,715,000 | — |
Total investments in securities | $1,321,328,032 | $1,086,507,210 | $234,820,822 | — |
Derivatives: | ||||
Assets | ||||
Futures | $1,192,591 | $1,192,591 | — | — |
Liabilities | ||||
Swap contracts | (1,726,934) | — | $(1,726,934) | — |
| | 7 |