N-CSR 1 d303820.htm N-CSR

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21777

John Hancock Funds III
(Exact name of registrant as specified in charter)

601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Salvatore Schiavone

Treasurer

601 Congress Street

Boston, Massachusetts 02210

(Name and address of agent for service)

Registrant's telephone number, including area code: 617-663-4497

Date of fiscal year end:	February 29

Date of reporting period:	February 29, 2016

ITEM 1. REPORT TO SHAREHOLDERS

John Hancock

International Core Fund

Annual report 2/29/16

A message to shareholders

Dear shareholder,

The period covered by this report was a challenging one for investors in global equities. Oil prices hit multi-year lows before rebounding in February. Concerns about slowing global growth added to negative investor psychology, and stock prices fell around the world. The investment landscape improved after the close of the period as stocks and other so-called risk assets regained much of the ground lost earlier in the year.

Despite the recent increase in volatility, the economic picture offers reasons for optimism. In December, the U.S. Federal Reserve raised short-term interest rates for the first time in nine years on evidence that the persistent strength in the labor markets warranted a somewhat less accommodative stance. Central banks outside of the United States continued to stimulate growth and to signal that they will take action to support economies and markets.

Volatile market environments are naturally unsettling. At John Hancock Investments, portfolio risk management is a critical part of our role as an asset manager, and our dedicated risk team is focused on these issues every day. We continually strive for new ways to analyze potential risks and have liquidity tools in place, such as a credit facility and an interfund lending program. However, your best resource in times like these is your financial advisor, who can ensure your portfolio is sufficiently diversified to meet your long-term objectives and to withstand the inevitable bumps along the way.

On behalf of everyone at John Hancock Investments, I'd like to take this opportunity to thank you for the continued trust you've placed in us.

Sincerely,

Andrew G. Arnott
President and Chief Executive Officer
John Hancock Investments

This commentary reflects the CEO's views as of February 29, 2016. They are subject to change at any time. All investments entail risks, including the possible loss of principal. For more up-to-date information, you can visit our website at jhinvestments.com.

John Hancock
International Core Fund

Table of contents

2 Your fund at a glance

4 Discussion of fund performance

8 A look at performance

10 Your expenses

12 Fund's investments

27 Financial statements

31 Financial highlights

43 Notes to financial statements

54 Auditor's report

55 Tax information

56 Trustees and Officers

60 More information

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks high total return.

AVERAGE ANNUAL TOTAL RETURNS AS OF 2/29/16(%)

The MSCI EAFE Index (gross of foreign withholding tax on dividends) (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the U.S. and Canada.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.

¹On 6-9-06, through a reorganization, the fund acquired all of the assets of the GMO International Disciplined Equity Fund (the predecessor fund). The predecessor fund offered its Class III shares, inception date 9-16-05, in exchange for Class A shares, which were first offered on 6-12-06. The predecessor fund's Class III shares' returns have been recalculated to reflect the gross fees and expenses of Class A shares.

The past performance shown here reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Performance of the other share classes will vary based on the difference in the fees and expenses of those classes. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited, and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the fund's objectives, risks, and strategy, see the fund's prospectus.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Fund and benchmark declined amid a challenging economic environment

Most developed-market stocks outside the United States, as represented by the fund's benchmark, the MSCI EAFE Index, declined as a slowdown in China's GDP growth and falling oil prices fueled concerns about the outlook for the global economy.

European holdings and Valeant Pharmaceuticals position detracted

The fund posted a negative return and trailed the benchmark, and an overweight in European value stocks and a position in Valeant Pharmaceuticals International, Inc. weighed on relative results.

Positive impact from positioning in Australia and Japan and in the telecommunication services sector

The fund's positioning in Australia and Japan and stock selection in the telecommunication services sector added relative value.

SECTOR COMPOSITION AS OF 2/29/16 (%)

A note about risks

Foreign investing has additional risks, such as currency and market volatility and political and social instability. Hedging, derivatives, and other strategic transactions may increase a fund's volatility and could produce disproportionate losses, potentially more than the fund's principal investment. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. Large company stocks could fall out of favor. The stock prices of midsize and small companies can change more frequently and dramatically than those of large companies. The value of a company's equity securities is subject to changes in the company's financial condition and overall market and economic conditions. Please see the fund's prospectuses for additional risks.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 3

Discussion of fund performance

An interview with Portfolio Manager David Cowan, Ph.D., GMO

David Cowan, Ph.D.
Portfolio Manager
GMO

What factors drove the generally negative return for international stocks during the 12-month period?

The performance of the fund's benchmark, the MSCI EAFE Index, was negative overall; however, in the early months of the period, most stocks in developed markets outside the United States rose. Accommodative monetary policies were a key catalyst, as the European Central Bank, the Bank of Japan, and the People's Bank of China expanded their economic stimulus initiatives. Signs of a modest economic rebound across much of Europe also lifted investor sentiment, and economic data in the United States remained generally strong, providing support for global equities.

However, the market's momentum faded over the late spring and summer of 2015 as worries about a slowdown in China's economic growth dominated the market narrative, fueling concerns about ripple effects around the world among China's trading partners. These fears were amplified when China devalued its currency, triggering concerns about disinflationary trends against a backdrop of weakening global growth. Selling reached a peak after Chinese manufacturing data fell to the weakest level in six years, but stocks rebounded in the fall as conditions in China and other countries stabilized. In the United States, strong employment figures led the U.S. Federal Reserve to raise interest rates for the first time since 2006. However, the market recovery was relatively brief, as stocks took another steep dive entering 2016 in response to fresh signs of slower growth in China and additional weakening in crude oil prices. Oil fell below $30 a barrel at one point in January, the lowest level in nearly 13 years, amid a global supply glut and concerns of weakening demand. Further expansion of accommodative monetary policies in Europe and Japan, including Japan's introduction of negative interest rates, helped to offset these headwinds somewhat in early 2016. However, market volatility persisted, and the benchmark's overall return for the period remained negative. Among the countries in the fund's benchmark, all but two posted negative returns.

How did this environment affect the portfolio team's management of the fund?

The market environment generally does not cause us to alter our approach. With its relatively balanced reliance on valuation-based stock selection techniques combined with our top-down assessment, we maintained an approach that we believe makes the fund flexible and responsive to

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 4

"Oil fell below $30 a barrel at one point in January, the lowest level in nearly 13 years, amid a global supply glut and concerns of weakening demand."

a variety of market conditions. In our view, the constrained economic outlook for many of the world's developed markets highlights the need for strong investment principles and a disciplined investment process.

The fund underperformed relative to its benchmark during the period. What factors had the most significant negative impacts?

The fund's overweight in European value stocks—including U.K. equities—relative to the benchmark weighed on performance, as these equities underperformed their growth-oriented counterparts in the European equity market. Within Germany, our stock selection was a key detractor. Another significant negative was the fund's overweight in energy, one of the weakest-performing sectors during the period. The slump in oil prices reduced profitability for many energy companies, and two particular energy holdings that had large negative impacts on the fund's relative performance were integrated energy firms whose shares declined sharply, Royal Dutch Shell PLC (Netherlands) and BP PLC (U.K.).

Which equity position had the most significant negative impact on relative performance?

By a wide margin, the fund's position in Valeant Pharmaceuticals International, Inc. (Canada) was the largest individual stock detractor. Shares of Valeant began to drop sharply in the fall of 2015 amid allegations of excessive price increases by the company and questionable business and accounting practices; resulting regulatory investigations weighed further on the stock. The stock's price tumbled nearly 67% during the 12-month period, during which we reduced the fund's

TOP 10 HOLDINGS AS OF 2/29/16 (%)

Total SA 3.1

AstraZeneca PLC 2.6

Daimler AG 2.4

Allianz SE 2.2

KDDI Corp. 2.2

AXA SA 2.0

Swiss Re AG 2.0

Nippon Telegraph & Telephone Corp. 2.0

BASF SE 1.8

Sumitomo Mitsui Financial Group, Inc. 1.7

TOTAL 22.0

As a percentage of net assets.

Cash and cash equivalents are not included.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 5

"By a wide margin, the fund's position in Valeant Pharmaceuticals International, Inc. (Canada) was the largest individual stock detractor."

position in Valeant. In addition to Valeant, Royal Dutch Shell, and BP, other positions that significantly detracted included two Japanese financials sector companies, Mitsubishi UFJ Financial Group, Inc. and Sumitomo Mitsui Financial Group, Inc.

TOP 10 COUNTRIES AS OF 2/29/16 (%)

Japan 24.3

United Kingdom 15.0

Germany 11.3

France 10.0

Hong Kong 4.0

Switzerland 4.0

Canada 3.6

Australia 3.5

Italy 2.6

Netherlands 2.3

TOTAL 80.6

As a percentage of net assets.

Cash and cash equivalents are not included.

What factors had positive impacts on the fund's relative performance?

At the country level, the fund's underweight in Australian equities contributed to relative results, as the Australian equity market underperformed. The slump in commodity prices weighed on Australia's prominent commodities producers and on its economy more broadly. In Japan, our stock selection had a positive impact.

At the sector level, the fund's overweight in telecommunication services and our stock selection within the sector significantly aided results.

Among the individual positions that significantly contributed were overweights in three Japanese telecommunication services companies: Nippon Telegraph & Telephone Corp., NTT DOCOMO, Inc., and KDDI Corp.

How was the fund positioned at the end of the period?

As has been the case for several years, we continue to favor European value stocks in the international market, owing to valuations that we find attractive.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 6

At the regional level, the fund was slightly overweight in Japan, its largest country exposure. It was also significantly overweight in France, Germany, and Italy, among others, and underweight in Australia and Switzerland.

At the sector level, the fund was overweight in consumer discretionary, telecommunication services, and energy. It was underweight in financials, consumer staples, and information technology.

Were there any substantive changes in the fund's operations?

Effective September 1, 2015, Neil Constable, Ph.D., and Chris Fortson were named portfolio managers of the fund, and Thomas R. Hancock, Ph.D., no longer serves as a portfolio manager of the fund. Ben Inker, CFA, Sam Wilderman, CFA, and I continue to serve as portfolio managers of the fund.

MANAGED BY

David Cowan, Ph.D.
On the fund since 2009
Investing since 2004

Ben Inker, CFA
On the fund since 2014
Investing since 1992

Sam Wilderman, CFA
On the fund since 2014
Investing since 1996

Neil Constable, Ph.D.
On the fund since 2015
Investing since 2003

Chris Fortson
On the fund since 2015
Investing since 2006

The views expressed in this report are exclusively those of David Cowan, Ph.D., GMO, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 7

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED FEBRUARY 29, 2016

Average annual total returns (%)
with maximum sales charge Cumulative total returns (%)
with maximum sales charge

1-year 5-year 10-year Since inception 5-year 10-year Since inception

Class A -23.32 -1.59 -0.01 ¹ — -7.68 -0.07 ¹ —

Class B² -23.89 -1.69 -0.23 — -8.19 -2.26 —

Class C² -20.68 -1.33 -0.22 — -6.46 -2.21 —

Class I^2,3 -19.03 -0.20 0.94 — -1.01 9.77 —

Class R1^2,3 -19.62 -0.94 0.22 — -4.62 2.17 —

Class R2^2,3 -19.41 -0.94 -0.30 — -4.60 -2.92 —

Class R3³ -19.54 -0.84 — 3.98 ⁴ -4.13 — 30.26 ⁴

Class R4³ -19.21 -0.48 — 4.34 ⁴ -2.36 — 33.37 ⁴

Class R5³ -19.03 -0.25 — 4.60 ⁴ -1.23 — 35.65 ⁴

Class R6^2,3 -18.94 -0.12 1.07 — -0.58 11.24 —

Class 1³ -18.98 -0.12 — -0.08 ⁵ -0.60 — -0.70 ⁵

Class NAV³ -18.96 -0.08 — 0.33 ⁶ -0.40 — 3.22 ⁶

Index^† -14.80 1.01 1.95 — 5.15 21.35 —

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1 to 6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, 1%. No sales charge will be assessed after the sixth year. Class C shares held for less than one year are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, Class 1, and Class NAV shares.

The expense ratios of the fund, both net (including any fee waivers and/or expense limitations) and gross (excluding any fee waivers and/or expense limitations), are set forth according to the most recent publicly available prospectuses for the fund and may differ from those disclosed in the Financial highlights tables in this report. Had the fee waivers and expense limitations not been in place, gross expenses would apply. The expense ratios are as follows:

Class A Class B Class C Class I Class R1 Class R2 Class R3 Class R4 Class R5 Class R6 Class 1 Class NAV

Gross (%) 1.40 2.10 2.10 1.08 1.74 1.49 1.64 1.34 1.04 0.99 1.02 0.97

Net (%) 1.38 2.10 2.10 1.08 1.74 1.49 1.64 1.24 1.04 0.97 1.02 0.97

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund's current performance may be higher or lower than the performance shown. For current to the most recent month-end performance data, please call 800-225-5291 or visit the fund's website at jhinvestments.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The fund's performance results reflect any applicable fee waivers or expense reductions, without which the expenses would increase and results would have been less favorable.

†	Index is the MSCI EAFE Index.

See the following page for footnotes.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 8

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock International Core Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in the MSCI EAFE Index.

Start date With maximum
sales charge ($) Without
sales charge ($) Index ($)

Class B^2,7 2-28-06 9,774 9,774 12,135

Class C^2,7 2-28-06 9,779 9,779 12,135

Class I^2,3 2-28-06 10,977 10,977 12,135

Class R1^2,3 2-28-06 10,217 10,217 12,135

Class R2^2,3 2-28-06 9,708 9,708 12,135

Class R3³ 5-22-09 13,026 13,026 15,052

Class R4³ 5-22-09 13,337 13,337 15,052

Class R5³ 5-22-09 13,565 13,565 15,052

Class R6^2,3 2-28-06 11,124 11,124 12,135

Class 1³ 11-6-06 9,930 9,930 10,789

Class NAV³ 8-29-06 10,322 10,322 11,332

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

1	On 6-9-06, through a reorganization, the fund acquired all of the assets of the GMO International Disciplined Equity Fund (the predecessor fund). The predecessor fund offered its Class III shares, inception date 9-16-05, in exchange for Class A shares, which were first offered on 6-12-06. The predecessor fund's Class III shares' returns have been recalculated to reflect the gross fees and expenses of Class A shares.
2	Class B, Class C, Class I, and Class R1 shares were first offered on 6-12-06; Class R6 shares were first offered on 9-1-11; Class R2 shares were first offered on 3-1-12. Returns prior to these dates are those of Class A shares that have been recalculated to apply the gross fees and expenses of Class B, Class C, Class I, Class R1, Class R6, and Class R2 shares, as applicable.
3	For certain types of investors, as described in the fund's prospectuses.
4	From 5-22-09.
5	From 11-6-06.
6	From 8-29-06.
7	The contingent deferred sales charge is not applicable.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 9

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

•	Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.
•	Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

This example is intended to provide information about the fund's actual ongoing operating expenses, and is based on the fund's actual return. It assumes an account value of $1,000.00 on September 1, 2015, with the same investment held until February 29, 2016.

Beginning
Account value
on 9-1-2015 Ending value
on 2-29-2016 Expenses paid
during period
ended 2-29-2016¹ Annualized
expense ratio

Class A $1,000.00 $872.40 $6.42 1.38%

Class B 1,000.00 869.00 9.67 2.08%

Class C 1,000.00 869.40 9.67 2.08%

Class I 1,000.00 873.60 4.98 1.07%

Class R1 1,000.00 870.80 8.05 1.73%

Class R2 1,000.00 872.10 10.75 2.31%

Class R3 1,000.00 871.20 7.63 1.64%

Class R4 1,000.00 872.90 5.87 1.26%

Class R5 1,000.00 874.00 4.75 1.02%

Class R6 1,000.00 874.20 4.57 0.98%

Class 1 1,000.00 874.10 4.71 1.01%

Class NAV 1,000.00 874.20 4.47 0.96%

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over the period. Simply divide your account value at February 29, 2016, by $1,000.00, then multiply it by the "expenses paid" for your share class from the table above. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 10

Hypothetical example for comparison purposes

This table allows you to compare the fund's ongoing operating expenses with those of any other fund. It provides an example of the fund's hypothetical account values and hypothetical expenses based on each class's actual expense ratio and an assumed 5% annualized return before expenses (which is not the fund's actual return). It assumes an account value of $1,000.00 on September 1, 2015, with the same investment held until February 29, 2016. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Beginning
Account value
on 9-1-2015 Ending value
on 2-29-2016 Expenses paid
during period
ended 2-29-2016¹ Annualized
expense ratio

Class A $1,000.00 $1,018.00 $6.92 1.38%

Class B 1,000.00 1,014.50 10.42 2.08%

Class C 1,000.00 1,014.50 10.42 2.08%

Class I 1,000.00 1,019.50 5.37 1.07%

Class R1 1,000.00 1,016.30 8.67 1.73%

Class R2 1,000.00 1,013.40 11.56 2.31%

Class R3 1,000.00 1,016.70 8.22 1.64%

Class R4 1,000.00 1,018.60 6.32 1.26%

Class R5 1,000.00 1,019.80 5.12 1.02%

Class R6 1,000.00 1,020.00 4.92 0.98%

Class 1 1,000.00 1,019.80 5.07 1.01%

Class NAV 1,000.00 1,010.05 4.82 0.96%

Remember, these examples do not include any transaction costs, therefore, these examples will not help you to determine the relative total costs of owning different funds. If transaction costs were included, your expenses would have been higher. See the prospectuses for details regarding transaction costs.

1	Expenses are equal to the fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 11

Fund's investments

As of 2-29-16

Shares Value

Common stocks 92.3% $1,492,103,100

(Cost $1,660,880,817)

Australia 3.5% 56,236,548

Abacus Property Group 126,328 260,853

Adelaide Brighton, Ltd. 441,097 1,554,376

ASX, Ltd. 39,039 1,168,295

Australia & New Zealand Banking Group, Ltd. 40,620 648,024

Bendigo & Adelaide Bank, Ltd. 25,593 155,880

BT Investment Management, Ltd. 16,278 105,808

BWP Trust 109,334 252,244

Challenger, Ltd. 25,760 137,794

Charter Hall Group 17,949 56,320

Charter Hall Retail REIT 78,825 241,889

CIMIC Group, Ltd. 36,628 822,536

Cromwell Property Group 454,062 328,466

Dexus Property Group 219,447 1,175,960

Downer EDI, Ltd. 604,249 1,430,813

Fairfax Media, Ltd. 2,094,909 1,147,654

Genworth Mortgage Insurance Australia, Ltd. 40,924 63,195

Goodman Group 381,274 1,759,169

Investa Office Fund 388,961 1,098,862

IOOF Holdings, Ltd. (L) 80,691 479,548

Lend Lease Group 153,264 1,420,735

Macquarie Group, Ltd. 73,828 3,372,833

Mirvac Group 919,748 1,197,276

Nine Entertainment Company Holdings, Ltd. 43,928 46,725

OZ Minerals, Ltd. 508,348 1,821,893

Perpetual, Ltd. 6,458 190,448

Premier Investments, Ltd. 4,208 39,458

Scentre Group 2,770,790 8,614,885

Seven West Media, Ltd. 96,764 67,782

Shopping Centres Australasia Property Group 22,793 36,830

Sonic Healthcare, Ltd. 43,597 572,759

South32, Ltd. (I) 445,790 396,671

Stockland 720,426 2,138,052

Suncorp Group, Ltd. 206,696 1,647,251

Telstra Corp., Ltd. 2,916,558 10,902,412

The GPT Group 478,680 1,676,309

The Star Entertainment Group, Ltd. 415,956 1,543,220

Thorn Group, Ltd. 203,265 258,050

Vicinity Centres 1,073,378 2,376,417

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 12

Shares Value

Australia (continued)

Westfield Corp. (I) 356,419 $2,534,870

Woodside Petroleum, Ltd. 108,153 1,943,471

WorleyParsons, Ltd. (L) 185,074 550,515

Austria 0.4% 6,989,337

Oesterreichische Post AG 31,263 1,122,044

OMV AG 137,880 3,618,181

UNIQA Insurance Group AG 2,379 14,411

voestalpine AG 77,409 2,234,701

Belgium 1.1% 18,229,004

Ageas 75,534 2,786,905

AGFA-Gevaert NV (I) 188,440 694,574

bpost SA 112,950 2,802,920

D'Ieteren SA 14,958 551,061

Delhaize Group 81,259 8,217,416

Mobistar SA (I) 10,836 225,345

Proximus 48,712 1,532,844

Umicore SA 31,429 1,417,939

Canada 4.9% 78,589,184

Air Canada (I) 343,900 1,835,150

Bank of Montreal 61,500 3,393,182

BCE, Inc. 99,200 4,284,736

Canadian Imperial Bank of Commerce 98,700 6,561,763

Canadian Tire Corp., Ltd., Class A 17,800 1,730,534

Celestica, Inc. (I) 25,100 258,421

CI Financial Corp. 85,500 1,893,891

Cogeco Communications, Inc. 2,000 93,762

Corus Entertainment, Inc., B Shares 7,000 55,669

Industrial Alliance Insurance & Financial Services, Inc. 17,000 456,977

Laurentian Bank of Canada 7,200 242,927

Linamar Corp. 17,100 746,940

Magna International, Inc. 150,000 5,820,399

Metro, Inc. 314,900 10,063,766

Power Corp. of Canada 69,300 1,505,854

RONA, Inc. 4,500 78,426

Royal Bank of Canada 104,000 5,309,150

Sun Life Financial, Inc. 146,800 4,376,875

Suncor Energy, Inc. (L) 323,200 7,902,037

Toromont Industries, Ltd. 14,200 333,642

Transcontinental, Inc., Class A 112,400 1,595,033

Valeant Pharmaceuticals International, Inc. (I) 304,712 20,050,050

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 13

Shares Value

China 0.1% $1,725,893

Yangzijiang Shipbuilding Holdings, Ltd. 2,683,500 1,725,893

Colombia 0.0% 222,060

Pacific Exploration and Production Corp. (I)(L) 225,900 222,060

Denmark 1.2% 18,988,994

AP Moeller - Maersk A/S, Class B 2,918 3,834,847

Carlsberg A/S, B Shares 49,195 4,242,354

Novo Nordisk A/S, B Shares 171,379 8,823,391

Pandora A/S 12,531 1,581,888

Sydbank A/S 2,945 80,081

TDC A/S 100,507 426,433

Faroe Islands 0.1% 1,779,105

Bakkafrost P/F 49,795 1,779,105

Finland 1.1% 18,126,191

Fortum OYJ 163,050 2,160,424

Metso OYJ 14,684 324,277

Neste OYJ 124,940 3,911,386

Sampo OYJ, A Shares 61,474 2,765,307

Sponda OYJ 109,936 446,930

Stora Enso OYJ, R Shares 266,136 2,191,194

Tieto OYJ 63,726 1,664,362

UPM-Kymmene OYJ 275,619 4,662,311

France 10.0% 162,236,771

Alten SA 3,086 177,762

AXA SA 1,458,268 32,062,407

BNP Paribas SA 123,374 5,753,826

Carrefour SA 36,073 954,189

Casino Guichard Perrachon SA (L) 19,854 893,869

Christian Dior SE 56,839 9,995,363

Cie de Saint-Gobain 44,829 1,731,900

Cie Generale des Etablissements Michelin 70,435 6,353,679

CNP Assurances 32,133 475,201

Credit Agricole SA 7,784 81,351

Engie SA 15,918 246,354

Euler Hermes Group 2,992 247,743

LVMH Moet Hennessy Louis Vuitton SE 15,354 2,550,885

Mercialys SA 2,760 60,682

Metropole Television SA 63,817 1,069,154

Nexity SA 1,673 77,232

Orange SA 149,826 2,595,064

Rallye SA (L) 14,646 238,219

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 14

Shares Value

France (continued)

Renault SA 74,048 $6,752,040

Rexel SA 113,964 1,395,206

Sanofi 31,882 2,526,286

Schneider Electric SE 25,980 1,548,557

SCOR SE 123,901 4,333,432

Societe BIC SA 5,193 720,263

Societe Generale SA 177,610 6,237,871

Suez Environnement Company 121,853 2,104,886

Total SA (L) 1,118,845 50,147,372

Trigano SA 7,710 447,343

Valeo SA 24,319 3,362,177

Vinci SA 29,515 2,038,648

Vivendi SA 725,911 15,057,810

Germany 10.7% 172,738,508

ADVA Optical Networking SE (I) 119,463 1,234,578

Allianz SE 245,097 36,354,687

Amadeus Fire AG 3,258 228,815

Aurubis AG 34,004 1,534,323

BASF SE 461,110 29,897,583

Bayerische Motoren Werke AG 156,146 12,685,057

Bechtle AG 2,024 172,482

Daimler AG 562,879 38,296,879

Deutsche Beteiligungs AG 8,541 244,830

Deutsche EuroShop AG 1,004 42,320

Deutsche Lufthansa AG (I) 398,367 5,932,487

Deutsche Telekom AG 747,245 12,499,219

Evonik Industries AG 49,051 1,473,586

Freenet AG 49,459 1,469,413

Grand City Properties SA 8,439 175,224

Hannover Rueck SE 42,961 4,409,085

HeidelbergCement AG 29,894 2,186,849

K+S AG 140,929 2,945,866

Leoni AG 29,865 867,311

METRO AG 43,056 1,053,660

Muenchener Rueckversicherungs-Gesellschaft AG 45,365 8,905,008

ProSiebenSat.1 Media SE 145,527 7,438,352

Rheinmetall AG 6,591 468,123

Rhoen-Klinikum AG 24,476 722,990

Salzgitter AG 13,016 296,587

Software AG 15,791 556,695

STADA Arzneimittel AG 19,111 646,499

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 15

Shares Value

Hong Kong 4.0% $64,557,812

BOC Hong Kong Holdings, Ltd. 2,102,500 5,462,715

Champion REIT 714,000 346,935

CK Hutchison Holdings, Ltd. 818,472 9,868,208

Dah Sing Banking Group, Ltd. 377,200 626,107

Dah Sing Financial Holdings, Ltd. 68,800 362,890

First Pacific Company, Ltd. 84,000 57,890

Hang Seng Bank, Ltd. 174,000 2,941,654

Henderson Land Development Company, Ltd. 186,000 1,004,276

HKT Trust & HKT, Ltd. 368,000 509,205

Hongkong Land Holdings, Ltd. 893,800 5,244,946

Hutchison Telecommunications Hong Kong Holdings, Ltd. 1,206,000 406,124

Hysan Development Company, Ltd. 668,000 2,644,417

Kerry Properties, Ltd. 856,000 2,007,739

Luk Fook Holdings International, Ltd. 211,000 418,024

Man Wah Holdings, Ltd. 289,200 341,757

Pacific Textiles Holdings, Ltd. 753,000 1,098,243

PCCW, Ltd. 1,209,000 767,795

Power Assets Holdings, Ltd. 98,500 932,889

Shun Tak Holdings, Ltd. 1,180,000 368,255

Sino Land Company, Ltd. 502,000 696,579

SJM Holdings, Ltd. 2,644,000 1,608,446

SmarTone Telecommunications Holdings, Ltd. 272,500 448,488

Sun Hung Kai Properties, Ltd. 734,589 8,234,980

Swire Pacific, Ltd., Class A 335,000 3,271,930

Swire Properties, Ltd. 129,000 331,471

Techtronic Industries Company, Ltd. 397,000 1,516,716

Television Broadcasts, Ltd. 122,700 482,637

Texwinca Holdings, Ltd. 360,000 342,579

The Bank of East Asia, Ltd. 87,000 275,944

The Link REIT 864,500 4,871,975

The Wharf Holdings, Ltd. 573,000 2,874,280

Value Partners Group, Ltd. 262,000 219,809

Wheelock & Company, Ltd. 678,000 2,675,817

Xinyi Glass Holdings, Ltd. 1,118,000 590,402

Yue Yuen Industrial Holdings, Ltd. 198,500 705,690

Isle of Man 0.1% 1,646,056

Playtech PLC 140,357 1,646,056

Israel 1.5% 23,675,326

Bank Hapoalim BM 533,197 2,604,654

Bank Leumi Le-Israel BM (I) 1,292,029 4,310,291

Bezeq The Israeli Telecommunication Corp., Ltd. 866,293 1,942,117

Check Point Software Technologies, Ltd. (I) 30,200 2,508,714

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 16

Shares Value

Israel (continued)

Harel Insurance Investments & Financial Services, Ltd. 82,253 $278,635

Israel Discount Bank, Ltd., Class A (I) 996,703 1,601,106

Mizrahi Tefahot Bank, Ltd. 4,384 48,400

Partner Communications Company, Ltd. (I) 32,620 152,288

Teva Pharmaceutical Industries, Ltd. 182,309 10,229,121

Italy 2.6% 41,884,534

A2A SpA 891,883 1,020,248

ACEA SpA 40,691 545,414

Amplifon SpA 88,254 707,715

ASTM SpA 13,954 152,026

Banca Mediolanum SpA 218,168 1,542,679

Enel SpA 3,050,313 12,190,446

Eni SpA 1,128,711 15,785,338

EXOR SpA 24,735 815,323

Hera SpA 683,453 1,925,100

Iren SpA 105,170 166,476

Italmobiliare SpA 16,657 454,247

MARR SpA 26,921 525,828

Recordati SpA 62,294 1,497,850

Reply SpA 4,202 510,903

Snam SpA 18,691 100,726

Societa Cattolica di Assicurazioni SCRL 119,807 779,796

Telecom Italia SpA 106,430 82,096

Telecom Italia SpA (I) 3,087,637 3,000,265

Unipol Gruppo Finanziario SpA 22,210 82,058

Japan 24.3% 392,803,118

Adastria Company, Ltd. 8,000 207,447

ADEKA Corp. 55,000 728,560

Aeon Company, Ltd. 54,600 716,007

Aisin Seiki Company, Ltd. 65,800 2,633,083

Alpine Electronics, Inc. 22,900 258,675

AOKI Holdings, Inc. 48,600 546,860

Aoyama Trading Company, Ltd. 42,600 1,573,136

Arcland Sakamoto Company, Ltd. 25,000 235,964

Asahi Glass Company, Ltd. 180,000 871,278

Asahi Kasei Corp. 379,000 2,144,726

Asatsu-DK, Inc. 13,000 337,887

Autobacs Seven Company, Ltd. 35,000 593,258

Bridgestone Corp. 182,400 6,386,120

Brother Industries, Ltd. 11,000 120,148

Calsonic Kansei Corp. 211,000 1,548,750

Canon Marketing Japan, Inc. 5,400 90,910

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 17

Shares Value

Japan (continued)

Canon, Inc. 305,200 $8,601,925

Central Glass Company, Ltd. 160,000 913,855

Central Japan Railway Company 70,900 12,685,195

Century Tokyo Leasing Corp. 18,200 620,942

Chiyoda Integre Company, Ltd. 12,900 291,078

Coca-Cola West Company, Ltd. 14,200 317,738

Cosmo Energy Holdings Company, Ltd. (I) 39,400 422,244

Credit Saison Company, Ltd. 17,900 303,078

CyberAgent, Inc. 4,200 172,366

Daicel Corp. 25,300 322,826

Daihatsu Motor Company, Ltd. 53,800 747,052

Daiichi Sankyo Company, Ltd. 37,100 774,595

Daiichikosho Company, Ltd. 16,700 698,471

Daikyo, Inc. 79,000 125,252

Daito Trust Construction Company, Ltd. 22,300 3,020,290

Daiwa House Industry Company, Ltd. 32,000 875,733

Daiwabo Holdings Company, Ltd. 168,000 296,408

DCM Holdings Company, Ltd. 128,800 947,864

DeNA Company, Ltd. 92,661 1,352,480

Denka Company, Ltd. 362,000 1,282,335

Descente, Ltd. 18,900 282,077

Doutor Nichires Holdings Company, Ltd. 25,200 396,114

Exedy Corp. 11,700 233,299

Fuji Heavy Industries, Ltd. 115,616 3,782,589

Fuji Oil Holdings, Inc. 50,500 855,699

FUJIFILM Holdings Corp. 312,300 11,705,070

Fujitsu General, Ltd. 11,000 149,886

Fukuoka Financial Group, Inc. 62,000 196,479

Fuyo General Lease Company, Ltd. 8,100 343,652

Geo Holdings Corp. 34,100 509,548

Gree, Inc. 152,100 717,773

Gunze, Ltd. 40,000 104,949

H2O Retailing Corp. 8,700 149,900

Hanwa Company, Ltd. 322,000 1,325,102

Haseko Corp. 263,100 2,277,080

Hitachi Capital Corp. 7,400 158,769

Hitachi Chemical Company, Ltd. 52,100 847,865

Hokuhoku Financial Group, Inc. 101,000 150,330

Honda Motor Company, Ltd. 155,903 4,009,652

Horiba, Ltd. 6,700 219,560

Hoya Corp. 48,600 1,756,248

Idemitsu Kosan Company, Ltd. 70,800 1,071,714

Inpex Corp. 272,700 1,965,999

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 18

Shares Value

Japan (continued)

Isuzu Motors, Ltd. 96,100 $961,444

ITOCHU Corp. 1,582,200 18,652,878

Itochu Enex Company, Ltd. 43,900 323,145

Jafco Company, Ltd. 7,700 212,114

Japan Airlines Company, Ltd. 243,900 8,727,115

Japan Tobacco, Inc. 8,000 318,119

JSR Corp. 15,500 217,283

JX Holdings, Inc. 456,700 1,773,982

K's Holdings Corp. 66,900 2,177,365

Kaneka Corp. 188,000 1,407,900

Kanematsu Corp. 458,000 608,852

Kawasaki Kisen Kaisha, Ltd. 774,000 1,295,277

KDDI Corp. 1,361,400 34,781,047

Keihin Corp. 41,800 575,011

Kobe Steel, Ltd. 884,000 679,994

Kohnan Shoji Company, Ltd. (L) 9,800 133,003

Koito Manufacturing Company, Ltd. 13,400 590,277

Kokuyo Company, Ltd. 58,200 578,108

Konica Minolta, Inc. 38,500 322,797

Kuraray Company, Ltd. 90,500 989,574

Kuroda Electric Company, Ltd. 12,100 164,529

Leopalace21 Corp. (I) 223,700 1,297,933

Marubeni Corp. 927,024 4,644,558

Marui Group Company, Ltd. 13,300 182,298

Medipal Holdings Corp. 136,135 2,086,291

Mitsuba Corp. 6,600 87,844

Mitsubishi Chemical Holdings Corp. 410,249 2,070,013

Mitsubishi Corp. 229,495 3,672,731

Mitsubishi Electric Corp. 467,000 4,727,843

Mitsubishi UFJ Financial Group, Inc. 5,261,400 22,704,568

Mitsubishi UFJ Lease & Finance Company, Ltd. 71,100 306,675

Mitsui & Company, Ltd. 914,500 10,542,267

Mitsui Engineering & Shipbuilding Company, Ltd. 441,000 581,846

Mizuho Financial Group, Inc. 3,808,600 5,618,592

Murata Manufacturing Company, Ltd. 7,100 851,990

NHK Spring Company, Ltd. 73,400 669,979

Nichiha Corp. 28,800 389,143

Nifco, Inc. 5,000 225,878

Nippo Corp. 50,000 746,043

Nippon Electric Glass Company, Ltd. 169,000 803,759

Nippon Light Metal Holdings Company, Ltd. 156,600 244,045

Nippon Paper Industries Company, Ltd. 117,100 1,978,175

Nippon Steel & Sumikin Bussan Corp. 154,000 474,469

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 19

Shares Value

Japan (continued)

Nippon Telegraph & Telephone Corp. 744,900 $31,544,518

Nippon Television Holdings, Inc. 11,250 192,331

Nippon Yusen KK 260,000 479,159

Nipro Corp. 48,400 453,473

Nissan Motor Company, Ltd. 1,653,767 14,999,112

Nissin Kogyo Company, Ltd. 5,400 67,582

Nitori Holdings Company, Ltd. 39,400 3,026,146

NOK Corp. 38,200 615,694

Nomura Holdings, Inc. 398,100 1,682,276

Nomura Real Estate Holdings, Inc. 17,500 313,235

North Pacific Bank, Ltd. 49,100 121,648

NTT DOCOMO, Inc. 579,743 13,494,506

Onward Holdings Company, Ltd. 57,000 346,229

Open House Company, Ltd. 5,100 92,096

Orient Corp. (I) 199,400 351,337

ORIX Corp. 177,200 2,319,710

Osaka Gas Company, Ltd. 143,000 544,985

Otsuka Holdings Company, Ltd. 276,600 9,776,263

PanaHome Corp. 41,000 290,197

Press Kogyo Company, Ltd. 81,100 277,928

Relo Holdings, Inc. 600 73,546

Resona Holdings, Inc. 506,600 1,776,699

Ricoh Company, Ltd. 196,700 1,942,535

Ryohin Keikaku Company, Ltd. 12,100 2,464,868

Saizeriya Company, Ltd. 6,600 135,715

San-A Company, Ltd. 3,400 144,676

Sangetsu Company, Ltd. 1,700 30,065

Sanshin Electronics Company, Ltd. 27,700 207,323

Sanyo Shokai, Ltd. 128,000 269,883

Seiko Epson Corp. 68,700 1,104,563

Sekisui Chemical Company, Ltd. 243,400 2,695,834

Sekisui House, Ltd. 295,900 4,815,749

Shimachu Company, Ltd. 3,400 72,157

Shimamura Company, Ltd. 2,500 276,573

Showa Denko KK 409,000 406,102

SKY Perfect JSAT Holdings, Inc. 11,875 72,238

Sojitz Corp. 1,946,700 3,745,673

Sumitomo Corp. 462,000 4,548,117

Sumitomo Forestry Company, Ltd. 100,500 1,121,940

Sumitomo Heavy Industries, Ltd. 150,000 618,658

Sumitomo Metal Mining Company, Ltd. 184,000 1,977,445

Sumitomo Mitsui Financial Group, Inc. 961,000 26,965,839

Sumitomo Mitsui Trust Holdings, Inc. 334,000 973,187

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 20

Shares Value

Japan (continued)

Sumitomo Osaka Cement Company, Ltd. 94,000 $343,409

Sumitomo Rubber Industries, Ltd. 128,900 1,842,246

Sumitomo Seika Chemicals Company, Ltd. 51,000 262,847

Suruga Bank, Ltd. 9,700 155,378

Suzuken Company, Ltd. 8,700 282,723

T-Gaia Corp. 19,800 229,005

Takashimaya Company, Ltd. 49,000 392,078

The 77 Bank, Ltd. 17,000 60,228

The Bank of Kyoto, Ltd. 22,000 137,647

The Bank of Yokohama, Ltd. 86,000 389,940

The Chiba Bank, Ltd. 50,000 234,482

The Daishi Bank, Ltd. 9,000 29,834

The Gunma Bank, Ltd. 24,000 105,456

The Hachijuni Bank, Ltd. 16,000 73,386

The Hiroshima Bank, Ltd. 21,000 78,258

The Hyakugo Bank, Ltd. 61,000 219,931

The Iyo Bank, Ltd. 10,600 73,327

The Joyo Bank, Ltd. 39,000 135,084

The Juroku Bank, Ltd. 10,000 31,258

The Keiyo Bank, Ltd. 5,000 18,954

The Musashino Bank, Ltd. 1,000 25,608

The Nishi-Nippon City Bank, Ltd. 166,000 299,949

The Ogaki Kyoritsu Bank, Ltd. 7,000 21,847

The San-In Godo Bank, Ltd. 6,000 35,640

The Shizuoka Bank, Ltd. 26,000 190,048

The Yokohama Rubber Company, Ltd. 79,700 1,270,813

Toei Company, Ltd. 26,000 203,216

Toho Holdings Company, Ltd. 69,100 1,432,790

Tokai Rika Company, Ltd. 48,200 949,320

Tokai Tokyo Financial Holdings, Inc. 17,500 85,088

Token Corp. 4,600 342,677

Tokyo Electric Power Company, Inc. (I) 343,200 1,738,451

Tokyo Gas Company, Ltd. 94,000 433,880

Tokyo Seimitsu Company, Ltd. 8,200 153,526

Topre Corp. 13,000 241,669

Tosoh Corp. 489,000 1,858,792

Toyo Tire & Rubber Company, Ltd. 16,400 248,717

Toyoda Gosei Company, Ltd. 16,400 313,463

Toyota Boshoku Corp. 11,100 175,078

Toyota Tsusho Corp. 199,800 4,032,085

TPR Company, Ltd. 15,100 363,770

TS Tech Company, Ltd. 59,200 1,315,236

Ube Industries, Ltd. 310,000 524,505

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 21

Shares Value

Japan (continued)

UKC Holdings Corp. 15,400 $275,260

Unipres Corp. 2,700 48,895

UNY Group Holdings Company, Ltd. 146,200 946,846

USS Company, Ltd. 11,100 174,707

Valor Company, Ltd. 51,700 1,117,667

Wacoal Holdings Corp. 40,000 460,094

West Japan Railway Company 35,000 2,047,590

Xebio Company, Ltd. 2,000 31,723

Yamaguchi Financial Group, Inc. 79,000 743,720

Yamaha Motor Company, Ltd. 8,000 119,076

Yamazen Corp. 38,200 303,140

Yuasa Trading Company, Ltd. 17,500 384,307

Malta 0.0% 144,676

BGP Holdings PLC (I) 2,714,128 144,676

Netherlands 2.3% 36,482,746

Boskalis Westminster NV 9,991 363,471

Corbion NV 33,663 747,960

Delta Lloyd NV (L) 101,837 635,130

Heineken Holding NV 28,359 2,053,902

Heineken NV 67,508 5,417,754

ING Groep NV 3,459 41,236

Koninklijke Ahold NV 481,333 10,539,983

PostNL NV (I) 601,680 2,336,008

Royal Dutch Shell PLC, A Shares (L) 240,637 5,481,756

TomTom NV (I) 89,150 799,901

Wolters Kluwer NV 214,068 8,065,645

New Zealand 0.1% 2,001,456

Air New Zealand, Ltd. 359,149 644,481

Chorus, Ltd. 105,127 271,378

Nuplex Industries, Ltd. 101,853 337,545

SKY Network Television, Ltd. 264,011 748,052

Norway 1.5% 23,838,024

DNB ASA 63,653 733,736

Orkla ASA 324,927 2,680,373

Statoil ASA 628,222 9,145,179

Storebrand ASA (I) 274,573 1,078,508

Telenor ASA 307,883 4,596,358

Yara International ASA 144,609 5,603,870

Portugal 0.1% 1,788,014

CTT-Correios de Portugal SA 193,766 1,485,276

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 22

Shares Value

Portugal (continued)

EDP - Energias de Portugal SA 97,752 $302,738

Singapore 0.6% 9,505,176

Ascendas Real Estate Investment Trust 520,100 894,849

BW LPG, Ltd. (S) 96,178 624,276

CapitaLand Commercial Trust 583,600 593,319

CapitaLand Mall Trust 490,700 763,655

CapitaLand Retail China Trust 203,500 206,196

CDL Hospitality Trusts 288,100 262,300

DBS Group Holdings, Ltd. 371,300 3,576,187

Frasers Centrepoint Trust 16,700 23,575

Golden Agri-Resources, Ltd. 3,958,800 1,041,705

Keppel REIT 86,300 57,648

Mapletree Commercial Trust 21,500 21,555

Mapletree Greater China Commercial Trust 825,000 533,658

Mapletree Industrial Trust 311,700 342,388

Mapletree Logistics Trust 85,800 59,463

Starhill Global REIT 374,800 198,555

UOL Group, Ltd. 76,000 305,847

Spain 1.7% 27,712,739

Ebro Foods SA 17,160 350,197

Enagas SA 51,058 1,433,203

Endesa SA 274,194 4,942,125

Gas Natural SDG SA 93,527 1,628,712

Iberdrola SA 1,623,876 10,461,397

Red Electrica Corp. SA 17,835 1,410,450

Repsol SA 411,741 4,236,787

Telefonica SA 325,925 3,249,868

Sweden 1.4% 22,577,672

Axfood AB 25,638 429,323

Bilia AB, A Shares 23,939 462,611

Castellum AB 32,672 493,316

Fabege AB 24,212 374,489

Fastighets AB Balder, B Shares (I) 12,008 277,017

Hufvudstaden AB, A Shares 19,632 285,931

Industrivarden AB, C Shares 26,505 407,869

Investor AB, B Shares 57,362 1,900,233

L E Lundbergforetagen AB, B Shares 673 33,902

NCC AB, B Shares 56,478 1,900,228

Sandvik AB 384,374 3,493,835

Securitas AB, B Shares 92,546 1,383,414

Skanska AB, B Shares 90,329 1,920,053

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 23

Shares Value

Sweden (continued)

Telefonaktiebolaget LM Ericsson, B Shares 767,462 $7,048,587

Volvo AB, B Shares 143,826 1,440,697

Wihlborgs Fastigheter AB 36,861 726,167

Switzerland 4.0% 64,495,736

Adecco SA (I) 25,121 1,454,947

Ascom Holding AG 24,700 412,812

Autoneum Holding AG (I) 1,873 402,355

Baloise Holding AG 12,274 1,543,934

Banque Cantonale Vaudoise 283 181,837

Cembra Money Bank AG (I) 3,570 231,469

dorma+kaba Holding AG (I) 949 567,729

EMS-Chemie Holding AG 1,137 527,233

Flughafen Zuerich AG 508 403,003

Forbo Holding AG (I) 260 269,723

Georg Fischer AG 604 410,632

Helvetia Holding AG 1,204 636,111

Kuehne + Nagel International AG 8,036 1,042,299

LafargeHolcim, Ltd. (I) 47,231 1,858,309

Logitech International SA 19,995 308,662

Roche Holding AG 5,807 1,489,004

Sika AG 72 273,414

Swiss Life Holding AG (I) 12,419 3,024,220

Swiss Re AG 360,220 31,928,445

Swisscom AG 2,836 1,381,894

The Swatch Group AG 12,112 4,194,176

The Swatch Group AG 3,502 243,219

Vontobel Holding AG 9,962 433,493

Zurich Insurance Group AG (I) 53,240 11,276,816

United Kingdom 15.0% 243,128,420

AstraZeneca PLC 734,354 41,752,826

Beazley PLC 216,280 1,077,169

Bellway PLC 36,524 1,299,511

Berkeley Group Holdings PLC 154,310 6,949,024

Bovis Homes Group PLC 59,173 784,637

BP PLC 3,123,967 15,161,181

British American Tobacco PLC 482,896 26,271,528

BT Group PLC 1,358,243 9,146,604

Carillion PLC (L) 391,255 1,491,430

Centrica PLC 3,341,827 9,609,785

Compass Group PLC 269,594 4,726,620

Crest Nicholson Holdings PLC 241,354 1,873,795

CYBG PLC (I) 5,837 15,123

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 24

Shares Value

United Kingdom (continued)

EnQuest PLC (I) 846,557 $164,089

Galliford Try PLC 23,482 477,975

GlaxoSmithKline PLC 748,653 14,508,904

Henderson Group PLC 626,413 2,033,744

Home Retail Group PLC 1,131,148 2,767,803

Hunting PLC 64,778 315,610

IG Group Holdings PLC 225,471 2,376,877

Imperial Brands PLC 223,866 11,554,999

Inchcape PLC 388,969 3,975,507

Indivior PLC 218,756 510,560

Intermediate Capital Group PLC 206,773 1,654,774

J Sainsbury PLC 510,606 1,797,193

Jupiter Fund Management PLC 114,364 632,806

Kingfisher PLC 1,515,896 7,002,361

Lookers PLC 206,706 442,955

Marks & Spencer Group PLC 206,046 1,211,729

National Express Group PLC 36,019 164,112

Persimmon PLC (I) 383,311 11,584,169

Reckitt Benckiser Group PLC 172,866 15,746,287

Royal Mail PLC 765,141 4,819,498

Savills PLC 15,752 143,506

The Sage Group PLC 591,219 4,878,530

Unilever NV 248,689 10,842,460

WH Smith PLC 125,711 3,148,218

WM Morrison Supermarkets PLC (L) 1,217,431 3,352,309

WPP PLC 800,585 16,862,212

Preferred securities 0.6% $10,169,450

(Cost $17,457,476)

Germany 0.6% 10,169,450

Jungheinrich AG 5,907 447,764

Porsche Automobil Holding SE 145,218 6,567,734

Volkswagen AG 27,122 3,153,952

Yield (%) Shares Value

Securities lending collateral 1.2% $19,499,485

(Cost $19,499,274)

John Hancock Collateral Trust (W) 0.4639(Y) 1,948,916 19,499,485

Yield (%)* Maturity date Par value^ Value

Short-term investments 7.6% $123,090,314

(Cost $123,090,569)

U.S. Government 6.4% 102,930,372

U.S. Treasury Bill 0.052 04-28-16 25,000,000 24,988,950

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 25

Yield (%)* Maturity date Par value^ Value

U.S. Government (continued)

U.S. Treasury Bill 0.073 04-14-16 15,000,000 $14,994,900

U.S. Treasury Bill 0.076 04-21-16 18,000,000 17,992,692

U.S. Treasury Bill 0.180 03-03-16 5,000,000 4,999,965

U.S. Treasury Bill 0.315 06-02-16 15,000,000 14,987,985

U.S. Treasury Bill 0.470 06-23-16 15,000,000 14,984,850

U.S. Treasury Bill 0.526 08-04-16 10,000,000 9,981,030

Yield (%) Shares Value

Money market funds 1.2% 20,159,942

JPMorgan U.S. Treasury Plus Money Market Fund 0.1529(Y) 20,159,942 $20,159,942

Total investments (Cost $1,820,928,136)† 101.7% $1,644,862,349

Other assets and liabilities, net (1.7%) ($27,514,336 )

Total net assets 100.0% $1,617,348,013

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.

Key to Security Abbreviations and Legend

REIT Real Estate Investment Trust

(I) Non-income producing security.

(L) A portion of this security is on loan as of 2-29-16.

(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.

(W) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

(Y) The rate shown is the annualized seven-day yield as of 2-29-16.

* 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.

† At 2-29-16, the aggregate cost of investment securities for federal income tax purposes was $1,867,923,956. Net unrealized depreciation aggregated to $223,061,607, of which $45,483,292 related to appreciated investment securities and $268,544,899 related to depreciated investment securities.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 26

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 2-29-16

Assets

Unaffiliated investments, at value (Cost $1,801,428,862) including $18,519,845 of securities loaned 1,625,362,864

Affiliated investments, at value (Cost $19,499,274) 19,499,485

Total investments, at value (Cost $1,820,928,136) 1,644,862,349

Foreign currency, at value (Cost $752,124) 752,809

Cash held at broker for futures contracts 975,178

Receivable for investments sold 2,148,911

Receivable for fund shares sold 2,647,194

Dividends and interest receivable 4,854,010

Other receivables and prepaid expenses 56,943

Total assets 1,656,297,394

Liabilities

Payable for investments purchased 17,136,568

Payable for fund shares repurchased 1,118,605

Payable upon return of securities loaned 19,463,750

Payable for futures variation margin 664,084

Payable to affiliates

Accounting and legal services fees 42,725

Transfer agent fees 53,118

Distribution and service fees 497

Trustees' fees 990

Other liabilities and accrued expenses 469,044

Total liabilities 38,949,381

Net assets $1,617,348,013

Net assets consist of

Paid-in capital $2,021,325,565

Undistributed net investment income 1,516,160

Accumulated net realized gain (loss) on investments, futures contracts and foreign currency transactions (226,748,450 )

Net unrealized appreciation (depreciation) on investments, futures contracts and translation of assets and liabilities in foreign currencies (178,745,262 )

Net assets $1,617,348,013

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 27

STATEMENT OF ASSETS AND LIABILITIES (continued)

Net asset value per share

Based on net asset values and shares outstanding - The fund has an unlimited number of shares authorized with no par value

Class A ($109,854,026 ÷ 4,169,052 shares)¹ $26.35

Class B ($1,677,725 ÷ 63,757 shares)¹ $26.31

Class C ($9,873,095 ÷ 375,283 shares)¹ $26.31

Class I ($514,099,720 ÷ 19,445,120 shares) $26.44

Class R1 ($774,429 ÷ 29,400 shares) $26.34

Class R2 ($206,996 ÷ 7,817 shares) $26.48

Class R3 ($419,253 ÷ 15,827 shares) $26.49

Class R4 ($67,236 ÷ 2,542 shares) $26.45

Class R5 ($120,435 ÷ 4,555 shares) $26.44

Class R6 ($994,124 ÷ 37,560 shares) $26.47

Class 1 ($35,664,528 ÷ 1,346,916 shares) $26.48

Class NAV ($943,596,446 ÷ 35,672,010 shares) $26.45

Maximum offering price per share

Class A (net assets value per share ÷ 95%)² $27.74

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

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 28

STATEMENT OF OPERATIONS For the year ended 2-29-16

Investment income

Dividends $57,593,397

Securities lending 1,436,454

Interest 70,926

Less foreign taxes withheld (5,519,245 )

Total investment income 53,581,532

Expenses

Investment management fees 14,707,625

Distribution and service fees 523,034

Accounting and legal services fees 232,781

Transfer agent fees 766,886

Trustees' fees 22,006

State registration fees 199,669

Printing and postage 117,384

Professional fees 162,000

Custodian fees 734,435

Registration and filing fees 75,778

Other 79,713

Total expenses 17,621,311

Less expense reductions (153,727 )

Net expenses 17,467,584

Net investment income 36,113,948

Realized and unrealized gain (loss)

Net realized gain (loss) on

Unaffiliated investments and foreign currency transactions (160,648,729 )

Affiliated investments (1,286 )

Futures contracts (3,165,802 )

(163,815,817 )

Change in net unrealized appreciation (depreciation) of

Unaffiliated investments and translation of assets and liabilities in foreign currencies (228,644,390 )

Affiliated investments 423

Futures contracts (2,670,156 )

(231,314,123 )

Net realized and unrealized loss (395,129,940 )

Decrease in net assets from operations ($359,015,992 )

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 29

STATEMENTS OF CHANGES IN NET ASSETS

Year ended 2-29-16 Year ended 2-28-15

Increase (decrease) in net assets

From operations

Net investment income $36,113,948 $31,584,385

Net realized gain (loss) (163,815,817 ) 121,544,541

Change in net unrealized appreciation (depreciation) (231,314,123 ) (194,624,802 )

Decrease in net assets resulting from operations (359,015,992 ) (41,495,876 )

Distributions to shareholders

From net investment income

Class A (1,992,429 ) (3,337,701 )

Class B (14,681 ) (60,350 )

Class C (95,480 ) (272,511 )

Class I (10,632,399 ) (19,689,726 )

Class R1 (7,303 ) (12,379 )

Class R2 (2,902 ) (6,327 )

Class R3 (5,337 ) (5,356 )

Class R4 (1,628 ) (2,953 )

Class R5 (1,926 ) (4,261 )

Class R6 (3,901 ) (5,738 )

Class 1 (806,576 ) (1,452,520 )

Class NAV (21,651,850 ) (26,695,437 )

Total distributions (35,216,412 ) (51,545,259 )

From fund share transactions 529,119,067 59,050,987

Total increase (decrease) 134,886,663 (33,990,148 )

Net assets

Beginning of year 1,482,461,350 1,516,451,498

End of year $1,617,348,013 $1,482,461,350

Undistributed net investment income $1,516,160 $574,279

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 30

Financial highlights

Class A Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.20 $35.40 $28.81 $27.72 $30.85

Net investment income¹ 0.56 0.62 1.05 ² 0.71 0.58

Net realized and unrealized gain (loss) on investments (6.92 ) (1.77 ) 6.52 1.31 (3.32 )

Total from investment operations (6.36 ) (1.15 ) 7.57 2.02 (2.74 )

Less distributions

From net investment income (0.49 ) (1.05 ) (0.98 ) (0.93 ) (0.39 )

Net asset value, end of period $26.35 $33.20 $35.40 $28.81 $27.72

Total return (%)^3,4 (19.28 ) (2.98 ) 26.56 7.41 (8.73 )

Ratios and supplemental data

Net assets, end of period (in millions) $110 $112 $109 $91 $374

Ratios (as a percentage of average net assets):

Expenses before reductions 1.40 1.47 1.46 1.58 1.58

Expenses including reductions 1.39 1.47 1.46 1.58 1.58

Net investment income 1.81 1.81 3.27 ² 2.66 2.05

Portfolio turnover (%) 70 81 47 53 42

1 Based on average daily shares outstanding.

2 Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.

3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

4 Does not reflect the effect of sales charges, if any.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 31

Class B Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.12 $35.27 $28.70 $27.61 $30.70

Net investment income¹ 0.37 0.34 0.73 ² 0.42 0.44

Net realized and unrealized gain (loss) on investments (6.95 ) (1.74 ) 6.53 1.41 (3.34 )

Total from investment operations (6.58 ) (1.40 ) 7.26 1.83 (2.90 )

Less distributions

From net investment income (0.23 ) (0.75 ) (0.69 ) (0.74 ) (0.19 )

Net asset value, end of period $26.31 $33.12 $35.27 $28.70 $27.61

Total return (%)^3,4 (19.92 ) (3.77 ) 25.50 6.71 (9.38 )

Ratios and supplemental data

Net assets, end of period (in millions) $2 $3 $3 $3 $4

Ratios (as a percentage of average net assets):

Expenses before reductions 2.30 2.66 2.64 2.94 2.49

Expenses including reductions 2.15 2.31 2.30 2.30 2.30

Net investment income 1.18 1.02 2.28 ² 1.56 1.58

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 32

Class C Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.12 $35.27 $28.70 $27.61 $30.71

Net investment income¹ 0.35 0.29 0.83 ² 0.42 0.43

Net realized and unrealized gain (loss) on investments (6.91 ) (1.68 ) 6.43 1.41 (3.34 )

Total from investment operations (6.56 ) (1.39 ) 7.26 1.83 (2.91 )

Less distributions

From net investment income (0.25 ) (0.76 ) (0.69 ) (0.74 ) (0.19 )

Net asset value, end of period $26.31 $33.12 $35.27 $28.70 $27.61

Total return (%)^3,4 (19.89 ) (3.76 ) 25.50 6.71 (9.41 )

Ratios and supplemental data

Net assets, end of period (in millions) $10 $12 $8 $4 $4

Ratios (as a percentage of average net assets):

Expenses before reductions 2.13 2.30 2.46 2.77 2.50

Expenses including reductions 2.12 2.29 2.30 2.30 2.30

Net investment income 1.14 0.86 2.59 ² 1.54 1.53

Portfolio turnover (%) 70 81 47 53 42

1 Based on average daily shares outstanding.

2 Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.

3 Does not reflect the effect of sales charges, if any.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 33

Class I Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.32 $35.52 $28.90 $27.78 $30.94

Net investment income¹ 0.67 0.71 1.10 ² 0.68 0.72

Net realized and unrealized gain (loss) on investments (6.96 ) (1.76 ) 6.60 1.49 (3.36 )

Total from investment operations (6.29 ) (1.05 ) 7.70 2.17 (2.64 )

Less distributions

From net investment income (0.59 ) (1.15 ) (1.08 ) (1.05 ) (0.52 )

Net asset value, end of period $26.44 $33.32 $35.52 $28.90 $27.78

Total return (%)³ (19.03 ) (2.65 ) 26.94 7.92 (8.33 )

Ratios and supplemental data

Net assets, end of period (in millions) $514 $541 $527 $392 $411

Ratios (as a percentage of average net assets):

Expenses before reductions 1.08 1.14 1.15 1.17 1.16

Expenses including reductions 1.08 1.13 1.15 1.17 1.16

Net investment income 2.15 2.08 3.42 ² 2.49 2.54

Portfolio turnover (%) 70 81 47 53 42

1 Based on average daily shares outstanding.

2 Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.

3 Does not reflect the effect of sales charges, if any.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 34

Class R1 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.16 $35.33 $28.75 $27.66 $30.77

Net investment income¹ 0.41 0.43 0.85 ² 0.51 0.53

Net realized and unrealized gain (loss) on investments (6.89 ) (1.70 ) 6.56 1.43 (3.33 )

Total from investment operations (6.48 ) (1.27 ) 7.41 1.94 (2.80 )

Less distributions

From net investment income (0.34 ) (0.90 ) (0.83 ) (0.85 ) (0.31 )

Net asset value, end of period $26.34 $33.16 $35.33 $28.75 $27.66

Total return (%)³ (19.62 ) (3.38 ) 26.00 7.10 (9.00 )

Ratios and supplemental data

Net assets, end of period (in millions) $1 $1 — ⁴ — ⁴ — ⁴

Ratios (as a percentage of average net assets):

Expenses before reductions 2.46 4.91 5.71 7.16 7.37

Expenses including reductions 1.79 1.90 1.90 1.90 1.90

Net investment income 1.34 1.26 2.67 ² 1.87 1.88

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 35

Class R2 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 ¹

Per share operating performance

Net asset value, beginning of period $33.34 $35.53 $28.91 $27.80

Net investment income² 0.63 0.51 0.94 ³ 0.59

Net realized and unrealized gain (loss) on investments (7.06 ) (1.72 ) 6.60 1.43

Total from investment operations (6.43 ) (1.21 ) 7.54 2.02

Less distributions

From net investment income (0.43 ) (0.98 ) (0.92 ) (0.91 )

Net asset value, end of period $26.48 $33.34 $35.53 $28.91

Total return (%)⁴ (19.41 ) (3.15 ) 26.32 7.39

Ratios and supplemental data

Net assets, end of period (in millions) — ⁵ — ⁵ — ⁵ — ⁵

Ratios (as a percentage of average net assets):

Expenses before reductions 3.61 8.98 15.89 20.70

Expenses including reductions 1.54 1.65 1.65 1.65

Net investment income 2.03 1.51 2.94 ³ 2.16

Portfolio turnover (%) 70 81 47 53

1 The inception date for Class R2 shares is 3-1-12.

2 Based on average daily shares outstanding.

3 Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

5 Less than $500,000.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 36

Class R3 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.36 $35.54 $28.92 $27.80 $30.94

Net investment income¹ 0.38 0.48 1.09 ² 0.53 0.57

Net realized and unrealized gain (loss) on investments (6.86 ) (1.73 ) 6.40 1.46 (3.38 )

Total from investment operations (6.48 ) (1.25 ) 7.49 1.99 (2.81 )

Less distributions

From net investment income (0.39 ) (0.93 ) (0.87 ) (0.87 ) (0.33 )

Net asset value, end of period $26.49 $33.36 $35.54 $28.92 $27.80

Total return (%)³ (19.54 ) (3.28 ) 26.12 7.28 (8.95 )

Ratios and supplemental data

Net assets, end of period (in millions) — ⁴ — ⁴ — ⁴ — ⁴ — ⁴

Ratios (as a percentage of average net assets):

Expenses before reductions 2.96 9.34 18.96 47.36 45.66

Expenses including reductions 1.67 1.80 1.80 1.80 1.80

Net investment income 1.27 1.40 3.36 ² 1.93 2.01

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 37

Class R4 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.31 $35.51 $28.89 $27.79 $30.94

Net investment income¹ 0.70 0.69 0.99 ² 0.64 0.65

Net realized and unrealized gain (loss) on investments (7.06 ) (1.82 ) 6.63 1.44 (3.38 )

Total from investment operations (6.36 ) (1.13 ) 7.62 2.08 (2.73 )

Less distributions

From net investment income (0.50 ) (1.07 ) (1.00 ) (0.98 ) (0.42 )

Net asset value, end of period $26.45 $33.31 $35.51 $28.89 $27.79

Total return (%)³ (19.21 ) (2.91 ) 26.66 7.61 (8.67 )

Ratios and supplemental data

Net assets, end of period (in millions) — ⁴ — ⁴ — ⁴ — ⁴ — ⁴

Ratios (as a percentage of average net assets):

Expenses before reductions 4.41 15.63 21.10 42.45 42.74

Expenses including reductions 1.31 1.40 1.40 1.43 1.50

Net investment income 2.22 2.01 3.05 ² 2.34 2.29

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 38

Class R5 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.30 $35.51 $28.90 $27.78 $30.94

Net investment income¹ 0.75 0.70 1.11 ² 0.70 0.73

Net realized and unrealized gain (loss) on investments (7.04 ) (1.77 ) 6.57 1.45 (3.38 )

Total from investment operations (6.29 ) (1.07 ) 7.68 2.15 (2.65 )

Less distributions

From net investment income (0.57 ) (1.14 ) (1.07 ) (1.03 ) (0.51 )

Net asset value, end of period $26.44 $33.30 $35.51 $28.90 $27.78

Total return (%)³ (19.03 ) (2.72 ) 26.87 7.88 (8.38 )

Ratios and supplemental data

Net assets, end of period (in millions) — ⁴ — ⁴ — ⁴ — ⁴ — ⁴

Ratios (as a percentage of average net assets):

Expenses before reductions 4.06 12.76 16.15 21.14 20.87

Expenses including reductions 1.10 1.20 1.20 1.20 1.20

Net investment income 2.40 2.05 3.45 ² 2.57 2.58

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 39

Class R6 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12 ¹

Per share operating performance

Net asset value, beginning of period $33.36 $35.57 $28.94 $27.82 $28.00

Net investment income² 0.65 0.76 1.13 ³ 0.73 0.26

Net realized and unrealized gain (loss) on investments (6.92 ) (1.77 ) 6.60 1.45 0.10

Total from investment operations (6.27 ) (1.01 ) 7.73 2.18 0.36

Less distributions

From net investment income (0.62 ) (1.20 ) (1.10 ) (1.06 ) (0.54 )

Net asset value, end of period $26.47 $33.36 $35.57 $28.94 $27.82

Total return (%)⁴ (18.94 ) (2.51 ) 27.00 7.95 1.49 ⁵

Ratios and supplemental data

Net assets, end of period (in millions) $1 — ⁶ — ⁶ — ⁶ — ⁶

Ratios (as a percentage of average net assets):

Expenses before reductions 2.89 11.51 14.17 21.97 16.83 ⁷

Expenses including reductions 0.97 1.00 1.12 1.12 1.12 ⁷

Net investment income 2.18 2.22 3.50 ³ 2.66 1.98 ⁷

Portfolio turnover (%) 70 81 47 53 42 ⁸

1 The inception date for Class R6 shares is 9-1-11.

2 Based on average daily shares outstanding.

3 Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

5 Not annualized.

6 Less than $500,000.

7 Annualized.

8 The portfolio turnover is shown for the period from 3-1-11 to 2-29-12.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 40

Class 1 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.37 $35.58 $28.94 $27.82 $30.99

Net investment income¹ 0.70 0.76 1.14 ² 0.75 0.79

Net realized and unrealized gain (loss) on investments (6.98 ) (1.78 ) 6.61 1.44 (3.41 )

Total from investment operations (6.28 ) (1.02 ) 7.75 2.19 (2.62 )

Less distributions

From net investment income (0.61 ) (1.19 ) (1.11 ) (1.07 ) (0.55 )

Net asset value, end of period $26.48 $33.37 $35.58 $28.94 $27.82

Total return (%)³ (18.98 ) (2.56 ) 27.09 8.00 (8.27 )

Ratios and supplemental data

Net assets, end of period (in millions) $36 $42 $44 $37 $39

Ratios (as a percentage of average net assets):

Expenses before reductions 1.02 1.06 1.06 1.08 1.07

Expenses including reductions 1.01 1.05 1.06 1.08 1.07

Net investment income 2.25 2.20 3.53 ² 2.76 2.76

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 41

Class NAV Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $33.34 $35.55 $28.92 $27.80 $30.98

Net investment income¹ 0.68 0.77 1.14 ² 0.82 0.81

Net realized and unrealized gain (loss) on investments (6.95 ) (1.78 ) 6.62 1.38 (3.43 )

Total from investment operations (6.27 ) (1.01 ) 7.76 2.20 (2.62 )

Less distributions

From net investment income (0.62 ) (1.20 ) (1.13 ) (1.08 ) (0.56 )

Net asset value, end of period $26.45 $33.34 $35.55 $28.92 $27.80

Total return (%)³ (18.96 ) (2.51 ) 27.14 8.06 (8.24 )

Ratios and supplemental data

Net assets, end of period (in millions) $944 $771 $823 $611 $753

Ratios (as a percentage of average net assets):

Expenses before reductions 0.97 1.01 1.01 1.03 1.02

Expenses including reductions 0.96 1.00 1.00 1.03 1.02

Net investment income 2.20 2.25 3.54 ² 3.03 2.84

Portfolio turnover (%) 70 81 47 53 42

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 42

Notes to financial statements

Note 1 — Organization

John Hancock International Core Fund (the fund) is a series of John Hancock Funds III (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek high total return.

The fund may offer multiple classes of shares. The shares currently offered are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class B shares are closed to new investors. Class I shares are offered to institutions and certain investors. Class R1, Class R2, Class R3, Class R4 and Class R5 shares are available only to certain retirement plans. Class R6 shares are available only to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation (MFC). Class NAV shares are offered to John Hancock affiliated funds of funds and certain 529 plans. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees, state registration fees and printing and postage for each class may differ. Class B shares convert to Class A shares eight years after purchase.

Note 2 — Significant accounting policies

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The fund qualifies as an investment company under Topic 946 of Accounting Standards Codification of US GAAP.

Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the fund:

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the NAV may be determined as of the regularly schedule close of the NYSE pursuant to the fund's Valuation Policies and Procedures. The time at which shares and transactions are priced and until which orders are accepted may vary to the extent permitted by the Securities and Exchange Commission and applicable regulations. In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are typically valued at the last sale price or official closing price on the exchange or principal market where the security was acquired or most likely will be sold. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective net asset values each business day. Futures contracts are valued at settlement prices, which are the official closing prices published by the exchange on which they trade. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing vendor. Securities that trade only in the over-the-counter (OTC) market are valued using bid prices. In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund's Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the fund's Pricing Committee, following procedures established by the Board of Trustees. The fund uses fair value adjustment

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 43

factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund's investments as of February 29, 2016, by major security category or type:

Total
value at
2-29-16 Level 1
quoted
price Level 2
significant
observable
inputs Level 3
significant
unobservable
inputs

Common stocks

Australia $56,236,548 — $56,236,548 —

Austria 6,989,337 — 6,989,337 —

Belgium 18,229,004 — 18,229,004 —

Canada 78,589,184 $78,589,184 — —

China 1,725,893 — 1,725,893 —

Colombia 222,060 222,060 — —

Denmark 18,988,994 — 18,988,994 —

Faroe Islands 1,779,105 — 1,779,105 —

Finland 18,126,191 — 18,126,191 —

France 162,236,771 — 162,236,771 —

Germany 172,738,508 — 172,738,508 —

Hong Kong 64,557,812 — 64,557,812 —

Isle of Man 1,646,056 — 1,646,056 —

Israel 23,675,326 2,508,714 21,166,612 —

Italy 41,884,534 — 41,884,534 —

Japan 392,803,118 — 392,803,118 —

Malta 144,676 — — $144,676

Netherlands 36,482,746 — 36,482,746 —

New Zealand 2,001,456 — 2,001,456 —

Norway 23,838,024 — 23,838,024 —

Portugal 1,788,014 — 1,788,014 —

Singapore 9,505,176 — 9,505,176 —

Spain 27,712,739 — 27,712,739 —

Sweden 22,577,672 — 22,577,672 —

Switzerland 64,495,736 — 64,495,736 —

United Kingdom 243,128,420 — 243,128,420 —

Preferred securities 10,169,450 — 10,169,450 —

Securities lending collateral 19,499,485 19,499,485 — —

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 44

Total
value at
2-29-16 Level 1
quoted
price Level 2
significant
observable
inputs Level 3
significant
unobservable
inputs

Short-term investments 123,090,314 20,159,942 102,930,372 —

Total investments in securities $1,644,862,349 $120,979,385 $1,523,738,288 $144,676

Other financial instruments

Futures ($2,670,156 ) ($684,212 ) ($1,985,944 ) —

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily net asset value calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Foreign taxes are provided for based on the fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Securities lending. The fund may lend its securities to earn additional income. The fund receives cash collateral from the borrower in an amount not less than the market value of the loaned securities. The fund will invest its collateral in JHCT, an affiliate of the fund which has a floating net asset value and is registered with the Securities and Exchange Commission as an investment company. JHCT invests cash received as collateral as part of the securities lending program in short-term money market investments. The fund will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.

The fund has the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the fund for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.

Although the risk of the loss of the securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. The fund may receive compensation for lending its securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Net income received from JHCT is a component of securities lending income as recorded on the Statement of operations.

Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of February 29, 2016, the fund loaned common stocks value at $18,519,845 and received $19,463,750 of cash collateral.

Foreign currency translation. Assets, including investments and liabilities denominated in foreign currencies, are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments.

Funds that invest internationally generally carry more risk than funds that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors. Foreign investments are also subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 45

Foreign taxes. The fund may be subject to withholding tax on income and/or capital gains or repatriation taxes imposed by certain countries in which the fund invests. Taxes are accrued based upon investment income, realized gains or unrealized appreciation.

Line of credit. The fund may borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the fund's custodian agreement, the custodian may loan money to the fund to make properly authorized payments. The fund is obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law.

The fund and other affiliated funds have entered into a syndicated line of credit agreement, with Citibank, N.A. (Citibank) as the administrative agent, that enables them to participate in a $750 million unsecured committed line of credit. Prior to June 30, 2015, the fund and other affiliated funds had an agreement with Citibank that enabled them to participate in a $300 million unsecured committed line of credit. A commitment fee, payable at the end of each calendar quarter, based on the average daily unused portion of the effective line of credit, is charged to each participating fund on a pro rata basis and is reflected in Other expenses on the Statement of operations. Commitment fees for the year ended February 29, 2016 were $3,155. For the year ended February 29, 2016, the fund had no borrowings under either line of credit.

Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are calculated daily at the class level based on the net assets of each class and the specific expense rates applicable to each class. Through June 30, 2015, class-specific expenses, such as state registration fees and printing and postage, for all classes were calculated daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

Federal income taxes. The fund intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Under the Regulated Investment Company Modernization Act of 2010, the fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. Any losses incurred during those taxable years will be required to be utilized prior to the losses incurred in pre-enactment taxable years. As a result of this ordering rule, pre-enactment capital loss carryforwards may be more likely to expire unused. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law.

For federal income tax purposes, as of February 29, 2016, the fund has a capital loss carryforward of $182,553,975 available to offset future net realized capital gains. The following table details the capital loss carryforward available as of February 29, 2016:

Capital loss carryforward expiring February 28, No expiration date

2018 2019 Short term Long term

$14,781,454 $7,043,412 $70,606,052 $90,123,057

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 46

As of February 29, 2016, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund typically declares and pays dividends and capital gain distributions, if any, at least annually. The tax character of distributions for the years ended February 29, 2016 and February 28, 2015 was as follows:

February 29, 2016 February 28, 2015

Ordinary Income $35,216,412 $51,545,259

Distributions paid by the fund with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class. As of February 29, 2016, the components of distributable earnings on a tax basis consisted of $3,580,233 of undistributed ordinary income.

Such distributions and distributable earnings on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to foreign currency transactions, wash sale loss deferrals, derivative transactions and passive foreign investment companies.

Note 3 — Derivative Instruments

The fund may invest in derivatives in order to meet its investment objective. Derivatives include a variety of different instruments that may be traded in the OTC market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

Futures are traded or cleared on an exchange. Exchange-traded derivatives generally present less counterparty risk to a fund than OTC transactions. The exchange stands between the fund and the broker to the contract and therefore, credit risk is generally limited to the failure of the exchange and the clearing member.

Margin requirements for exchange-traded derivatives are set by the broker. Margin for exchange-traded transactions is detailed in the Statement of assets and liabilities as Cash held at broker for futures contracts.

Futures. A futures contract is a contractual agreement to buy or sell a particular 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 the underlying financial instrument and potential losses in excess of the amounts recognized on the Statement of assets and liabilities. Use of long futures contracts subjects the fund to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the fund to unlimited risk of loss.

Upon entering into a futures contract, the fund is required to deposit initial margin with the broker in the form of cash or securities. The amount of required margin is generally based on a percentage of the contract value; this amount is the initial margin for the trade. The margin deposit must then be maintained at the established level over the life of the contract.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 47

Futures margin receivable / payable is included on the Statement of assets and liabilities. Futures contracts are marked-to-market daily and an appropriate payable or receivable for the change in value (variation margin) and unrealized gain or loss is recorded by the fund. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

During the year ended February 29, 2016, the fund used futures contracts to gain exposure to certain securities markets. The fund held futures contracts with notional values ranging up to $65.5 million, as measured at each quarter end. The following table summarizes the contracts held at February 29, 2016:

Open contracts Number of
contracts Position Expiration
date Notional
basis Notional
value Unrealized
appreciation
(depreciation)

Euro Stoxx 50 Futures 864 Long Mar 2016 $28,472,052 $27,398,285 ($1,073,767 )

FTSE 100 Index Futures 165 Long Mar 2016 13,481,990 13,841,288 359,298

Hang Seng Index Futures 26 Long Mar 2016 3,200,425 3,186,128 (14,297 )

SPI 200 Futures 60 Long Mar 2016 5,175,125 5,205,382 30,257

Topix Index Futures 139 Long Mar 2016 17,825,578 15,853,931 (1,971,647 )

($2,670,156 )

Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

Fair value of derivative instruments by risk category

The table below summarizes the fair value of derivatives held by the fund at February 29, 2016 by risk category:

Risk Statement of assets
and liabilities location Financial
instruments location Asset
derivatives
fair value Liability
derivatives
fair value

Equity Receivable/payable for futures Futures^† $389,555 ($3,059,711 )

^† Reflects cumulative appreciation/depreciation on futures as disclosed in Note 3. Only the period end variation margin is separately disclosed on the Statement of assets and liabilities.

Effect of derivative instruments on the Statement of operations

The table below summarizes the net realized gain (loss) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended February 29, 2016:

Risk Statement of operations location Futures contracts

Equity Net realized gain (loss) ($3,165,802 )

The table below summarizes the net change in unrealized appreciation (depreciation) included in the net increase (decrease) in net assets from operations, classified by derivative instrument and risk category, for the year ended February 29, 2016:

Risk Statement of operations location Futures contracts

Equity Change in unrealized appreciation (depreciation) ($2,670,156 )

Note 4 — Guarantees and indemnifications

Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund that have not yet occurred. The risk of material loss from such claims is considered remote.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 48

Note 5 — Fees and transactions with affiliates

John Hancock Advisers, LLC (the Advisor) serves as investment advisor for the fund. John Hancock Funds, LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the fund. The Advisor and the Distributor are indirect, wholly owned subsidiaries of MFC.

Management fee. Effective July 1, 2015, the fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis to the sum of: a) 0.920% of the first $100 million of the fund's aggregate average daily net assets (together with the assets of any other applicable fund identified in the advisory agreement); b) 0.890% of the next $900 million of the fund's aggregate average daily net assets; c) 0.860% of the next $1 billion of the fund's aggregate average daily net assets; d) 0.830% of the next $1 billion of the fund's aggregate average daily net assets; e) 0.800% of the next $1 billion of the fund's aggregate average daily net assets; and f) 0.780% of the fund's aggregate average daily net assets in excess of $4 billion. The Advisor has a subadvisory agreement with Grantham, Mayo, Van Otterloo & Co. LLC. The fund is not responsible for payment of the subadvisory fees.

Prior to July 1, 2015, the fund had an investment management agreement with the Advisor under which the fund paid a daily management fee to the Advisor, on an annual basis, equal to the sum of: a) 0.920% of the first $100 million of the fund's aggregate average daily net assets (together with the assets of any other applicable fund identified in the advisory agreement); b) 0.895% of the next $900 million of the fund's aggregate average daily net assets; c) 0.880% of the next $1 billion of the fund's aggregate average daily net assets; d) 0.850% of the next $1 billion of the fund's aggregate average daily net assets; e) 0.825% of the next $1 billion of the fund's aggregate average daily net assets; and f) 0.800% of the fund's aggregate average daily net assets in excess of $4 billion.

The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). 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. During the year ended February 29, 2016, this waiver amounted to 0.01% of the fund's average net assets. This arrangement may be amended or terminated at any time by the Advisor upon notice to the fund and with the approval of the Board of Trustees.

The Advisor has contractually agreed to waive all or a portion of its management fee and/or reimburse or pay operating expenses of the fund to the extent necessary to maintain the fund's total operating expenses at 1.38% and 1.08% for Class A and Class I shares, respectively, excluding certain expenses such as taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund's business, acquired fund fees and short dividend expense. These expense limitations shall remain in effect until June 30, 2017, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at the time. Prior to July 1, 2015, Class C, Class R1, Class R2, Class R3, Class R4, Class R5, and Class R6 shares had fee waivers and/or reimbursement such that the expenses would not exceed 2.30%, 1.90%, 1.65%, 1.80%, 1.40%, 1.20%, and 1.12% for Class C, Class R1, Class R2, Class R3, Class R4, Class R5, and Class R6 shares, respectively.

Prior to July 1, 2015, the Advisor contractually agreed to waive and/or reimburse all class specific expenses for Class B shares of the fund, including Rule 12b-1 fees and transfer agency fees and service fees, as applicable, to the extent they exceed 1.30% of average annual net assets (on an annualized basis) attributable to Class B shares (the Class Expense Waiver).

The Advisor has contractually agreed to waive and/or reimburse all class specific expenses for Class R6 shares of the fund to the extent they exceed 0.00% of average annual net assets, on an annualized basis. The expense limitation expires on June 30, 2017, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at the time.

The expense reductions described above amounted to the following for the year ended February 29, 2016:

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 49

Class Expense reductions Class Expense reductions

Class A $9,264 Class R4 $3,427

Class B 3,134 Class R5 3,446

Class C 905 Class R6 4,690

Class I 40,955 Class 1 3,102

Class R1 3,683 Class NAV 72,876

Class R2 4,733 Total $153,613

Class R3 3,398

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended February 29, 2016, were equivalent to a net annual effective rate of 0.86% of the fund's average daily net assets.

Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred for the year ended February 29, 2016 amounted to an annual rate of 0.01% of the fund's average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans with respect to Class A, Class B, Class C, Class R1, Class R2, Class R3, Class R4, Class R5, and Class 1 shares pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for Class R1, Class R2, Class R3, Class R4, and Class R5 shares, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund's shares:

Class Rule 12b-1 fee Service fee Class Rule 12b-1 fee Service fee

Class A 0.30% — Class R3 0.50% 0.15%

Class B 1.00% — Class R4 0.25% 0.10%

Class C 1.00% — Class R5 — 0.05%

Class R1 0.50% 0.25% Class 1 0.05% —

Class R2 0.25% 0.25%

The fund's Distributor has contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on June 30, 2017, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $114 for Class R4 shares for the year ended February 29, 2016.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $1,084,698 for the year ended February 29, 2016. Of this amount, $187,019 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $893,949 was paid as sales commissions to broker-dealers and $3,730 was paid as sales commissions to sales personnel of Signator Investors, Inc., a broker-dealer affiliate of the Advisor.

Class A, Class B and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares that are acquired through purchases of $1 million or more and are redeemed within one year of purchase are subject to a 1.00% sales charge. Class B shares that are redeemed within six years of purchase are subject to CDSCs, at declining rates, beginning at 5.00%. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 50

connection with the sale of these shares. During the year ended February 29, 2016, CDSCs received by the Distributor amounted to $842, $2,294 and $1,946 for Class A, Class B and Class C shares, respectively.

Transfer agent fees. The fund has a transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.

Class level expenses. Class level expenses for the year ended February 29, 2016 were:

Class Distribution and service fees Transfer agent fees State registration fees Printing and postage

Class A $354,550 $148,232 $6,253 $6,127

Class B 21,056 2,645 4,224 129

Class C 119,652 15,018 4,500 500

Class I — 600,748 15,559 21,337

Class R1 4,114 88 3,964 39

Class R2 1,011 37 4,995 18

Class R3 1,686 42 3,513 17

Class R4 398 18 3,513 10

Class R5 52 19 3,513 12

Class R6 — 39 4,588 45

Class 1 20,515 — — —

Total $523,034 $766,886 $54,622 $28,234

Effective July 1, 2015, state registration fees and printing and postage are treated as fund level expenses and are not included in the table above. For the period July 1, 2015 to February 29, 2016, state registration fees and printing and postage amounted to $145,047 and $89,150, respectively.

Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each fund based on its net assets relative to other funds within the John Hancock group of funds complex.

Note 6 — Fund share transactions

Transactions in fund shares for the years ended February 29, 2016 and February 28, 2015 were as follows:

Year ended 2-29-16 Year ended 2-28-15

Shares Amount Shares Amount

Class A shares

Sold 1,583,670 $49,216,049 1,241,454 $42,456,199

Distributions reinvested 68,179 1,969,684 107,972 3,280,189

Repurchased (841,522 ) (25,518,279 ) (1,080,319 ) (37,612,136 )

Net increase 810,327 $25,667,454 269,107 $8,124,252

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 51

Year ended 2-29-16 Year ended 2-28-15

Shares Amount Shares Amount

Class B shares

Sold 7,938 $237,284 9,074 $315,452

Distributions reinvested 470 13,566 1,872 56,821

Repurchased (20,191 ) (623,641 ) (31,309 ) (1,037,633 )

Net decrease (11,783 ) ($372,791 ) (20,363 ) ($665,360 )

Class C shares

Sold 113,119 $3,583,881 231,098 $7,958,404

Distributions reinvested 3,220 93,021 8,342 253,168

Repurchased (114,023 ) (3,480,866 ) (101,787 ) (3,421,510 )

Net increase 2,316 $196,036 137,653 $4,790,062

Class I shares

Sold 5,458,663 $165,925,846 5,235,922 $179,552,256

Distributions reinvested 359,736 10,421,562 632,252 19,258,385

Repurchased (2,622,108 ) (80,579,906 ) (4,446,623 ) (145,611,804 )

Net increase 3,196,291 $95,767,502 1,421,551 $53,198,837

Class R1 shares

Sold 23,630 $693,551 3,746 $124,458

Distributions reinvested 88 2,532 246 7,481

Repurchased (9,849 ) (300,069 ) (308 ) (10,445 )

Net increase 13,869 $396,014 3,684 $121,494

Class R2 shares

Sold 7,392 $229,576 2,960 $102,837

Distributions reinvested 43 1,243 79 2,425

Repurchased (6,046 ) (191,707 ) (1,674 ) (56,687 )

Net increase 1,389 $39,112 1,365 $48,575

Class R3 shares

Sold 11,784 $346,556 1,076 $38,435

Distributions reinvested 184 5,337 143 4,360

Repurchased (2,086 ) (60,970 ) (6 ) (192 )

Net increase 9,882 $290,923 1,213 $42,603

Class R4 shares

Sold 827 $25,859 1,715 $55,440

Distributions reinvested 56 1,628 59 1,808

Repurchased (2,577 ) (78,270 ) (777 ) (28,484 )

Net increase (decrease) (1,694 ) ($50,783 ) 997 $28,764

Class R5 shares

Sold 1,803 $51,022 1,031 $35,089

Distributions reinvested 66 1,926 100 3,041

Repurchased (1,411 ) (44,885 ) (390 ) (14,135 )

Net increase 458 $8,063 741 $23,995

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 52

Year ended 2-29-16 Year ended 2-28-15

Shares Amount Shares Amount

Class R6 shares

Sold 34,346 $931,385 630 $21,025

Distributions reinvested 58 1,670 47 1,437

Repurchased (1,919 ) (52,951 ) (53 ) (1,830 )

Net increase 32,485 $880,104 624 $20,632

Class 1 shares

Sold 233,717 $7,392,774 162,098 $5,543,589

Distributions reinvested 27,803 806,576 47,624 1,452,520

Repurchased (171,318 ) (5,247,321 ) (202,727 ) (6,836,578 )

Net increase 90,202 $2,952,029 6,995 $159,531

Class NAV shares

Sold 11,874,216 $384,308,797 1,300,450 $43,997,681

Distributions reinvested 747,131 21,651,850 876,122 26,695,437

Repurchased (90,064 ) (2,615,243 ) (2,193,503 ) (77,535,516 )

Net increase (decrease) 12,531,283 $403,345,404 (16,931 ) ($6,842,398 )

Total net increase 16,675,025 $529,119,067 1,806,636 $59,050,987

Affiliates of the fund owned 9% and 100% of shares of beneficial interest of Class R6 and Class NAV, respectively, on February 29, 2016.

Note 7 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $1,571,773,879 and $1,126,285,692, respectively, for the year ended February 29, 2016.

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund's net assets. At February 29, 2016, funds within the John Hancock group of funds complex held 58.3% of the fund's net assets. The following funds had an affiliate ownership of 5% or more of the fund's net assets:

Fund Affiliate concentration

John Hancock Funds II Lifestyle Growth Portfolio 24.3%

John Hancock Funds II Lifestyle Balanced Portfolio 16.1%

John Hancock Funds II Lifestyle Aggressive Portfolio 9.0%

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 53

AUDITOR'S REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Funds III and Shareholders of John Hancock International Core Fund:

In our opinion, the accompanying statement of assets and liabilities, including the fund's investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of John Hancock International Core Fund (the "Fund") at February 29, 2016, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 29, 2016 by correspondence with the custodian, transfer agent, and brokers, and the application of alternative auditing procedures where securities purchased confirmations had not been received, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

April 14, 2016

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 54

TAX INFORMATION

Unaudited

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended February 29, 2016.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Income derived from foreign sources was $45,917,274. The fund intends to pass through foreign tax credits of $3,841,364.

Eligible shareholders will be mailed a 2016 Form 1099-DIV in early 2017. This will reflect the tax character of all distributions paid in calendar year 2016.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 55

Trustees and Officers

This chart provides information about the Trustees and Officers who oversee your John Hancock fund. Officers elected by the Trustees manage the day-to-day operations of the fund and execute policies formulated by the Trustees.

Independent Trustees

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

James M. Oates, Born: 1946 2012 228

Trustee and Chairperson of the Board
Managing Director, Wydown Group (financial consulting firm) (since 1994); Chairman and Director, Emerson Investment Management, Inc. (since 2000); Independent Chairman, Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services company) (1997-2011); Director, Stifel Financial (since 1996); Director, Investor Financial Services Corporation (1995-2007); Director, Connecticut River Bancorp (1998-2014); Director, Virtus Funds (formerly Phoenix Mutual Funds) (since 1988). Trustee and Chairperson of the Board, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee and Chairperson of the Board, John Hancock retail funds³ (since 2012); Trustee (2005-2006 and since 2012) and Chairperson of the Board (since 2012), John Hancock Funds III; Trustee (since 2004) and Chairperson of the Board (since 2005), John Hancock Variable Insurance Trust; Trustee and Chairperson of the Board, John Hancock Funds II (since 2005).

Charles L. Bardelis,² Born: 1941 2012 228

Trustee
Director, Island Commuter Corp. (marine transport). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds³ (since 2012); Trustee, John Hancock Funds III (2005-2006 and since 2012); Trustee, John Hancock Variable Insurance Trust (since 1988); Trustee, John Hancock Funds II (since 2005).

Peter S. Burgess,² Born: 1942 2012 228

Trustee
Consultant (financial, accounting, and auditing matters) (since 1999); Certified Public Accountant; Partner, Arthur Andersen (independent public accounting firm) (prior to 1999); Director, Lincoln Educational Services Corporation (since 2004); Director, Symetra Financial Corporation (2010-2016); Director, PMA Capital Corporation (2004-2010). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds³ (since 2012); Trustee, John Hancock Funds III (2005-2006 and since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2005).

William H. Cunningham, Born: 1944 1994 228

Trustee
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009-2014). Trustee, John Hancock retail funds³ (since 1986); Trustee, John Hancock Variable Insurance Trust (since 2012); Trustee, John Hancock Funds II (2005-2006 and since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Grace K. Fey, Born: 1946 2012 228

Trustee
Chief Executive Officer, Grace Fey Advisors (since 2007); Director and Executive Vice President, Frontier Capital Management Company (1988-2007); Director, Fiduciary Trust (since 2009). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds³ (since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2008).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 56

Independent Trustees (continued)

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

Theron S. Hoffman,² Born: 1947 2012 228

Trustee
Chief Executive Officer, T. Hoffman Associates, LLC (consulting firm) (since 2003); Director, The Todd Organization (consulting firm) (2003-2010); President, Westport Resources Management (investment management consulting firm) (2006-2008); Senior Managing Director, Partner, and Operating Head, Putnam Investments (2000-2003); Executive Vice President, The Thomson Corp. (financial and legal information publishing) (1997-2000). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds³ (since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2008).

Deborah C. Jackson, Born: 1952 2008 228

Trustee
President, Cambridge College, Cambridge, Massachusetts (since 2011); Chief Executive Officer, American Red Cross of Massachusetts Bay (2002-2011); Board of Directors of Eastern Bank Corporation (since 2001); Board of Directors of Eastern Bank Charitable Foundation (since 2001); Board of Directors of American Student Assistance Corporation (1996-2009); Board of Directors of Boston Stock Exchange (2002-2008); Board of Directors of Harvard Pilgrim Healthcare (health benefits company) (2007-2011). Trustee, John Hancock retail funds³ (since 2008); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Hassell H. McClellan, Born: 1945 2012 228

Trustee
Trustee, Virtus Variable Insurance Trust (formerly Phoenix Edge Series Funds) (since 2008); Director, The Barnes Group (since 2010); Associate Professor, The Wallace E. Carroll School of Management, Boston College (retired 2013). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds³ (since 2012); Trustee, John Hancock Funds III (2005-2006 and since 2012); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2005).

Steven R. Pruchansky, Born: 1944 1994 228

Trustee and Vice Chairperson of the Board
Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2000); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (since 2014); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992) and Chairperson of the Board (2011-2012), John Hancock retail funds³; Trustee and Vice Chairperson of the Board, John Hancock retail funds³ John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2012); Trustee, and Vice Chairperson of the Board, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 57

Independent Trustees (continued)

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

Gregory A. Russo, Born: 1949 2009 228

Trustee
Director and Audit Committee Chairman (since 2012), and Member, Audit Committee and Finance Committee (since 2011), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (since 2012) and Finance Committee Chairman (since 2014), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002-2006); Vice Chairman, Industrial Markets, KPMG (1998-2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986-1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989-1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990-1995). Trustee, John Hancock retail funds³ (since 2008); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Non-Independent Trustees⁴

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

James R. Boyle, Born: 1959 2015 228

Non-Independent Trustee*
Chairman and Chief Executive Officer, Zillion Group, Inc. (formerly HealthFleet, Inc.) (healthcare) (since 2014); Executive Vice President and Chief Executive Officer, U.S. Life Insurance Division of Genworth Financial, Inc. (insurance) (January 2014-July 2014); Senior Executive Vice President, Manulife Financial Corporation, President and Chief Executive Officer, John Hancock (1999-2012); Chairman and Director, John Hancock Advisers, LLC, John Hancock Funds, LLC, and John Hancock Investment Management Services, LLC (2005-2010). Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Trustee, John Hancock retail funds³ (2005-2010; 2012-2014 and since 2015); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (2005-2014 and since 2015).
*Effective 3-10-15.

Craig Bromley, Born: 1966 2012 228

Non-Independent Trustee
President, John Hancock Financial Service (since 2012); Senior Executive Vice President and General Manager, U.S. Division, Manulife Financial Corporation (since 2012); President and Chief Executive Officer, Manulife Insurance Company (Manulife Japan) (2005-2012, including prior positions). Trustee, John Hancock retail funds,³ John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Warren A. Thomson, Born: 1955 2012 228

Non-Independent Trustee
Senior Executive Vice President and Chief Investment Officer, Manulife Financial Corporation and The Manufacturers Life Insurance Company (since 2009); Chairman, Manulife Asset Management (since 2001, including prior positions); Director and Chairman, Manulife Asset Management Limited (since 2006); Director and Chairman, Hancock Natural Resources Group, Inc. (since 2013). Trustee, John Hancock retail funds,³ John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 58

Principal officers who are not Trustees

Name, year of birth
Position(s) held with fund
Principal occupation(s)
during past 5 years Officer
of the
Trust
since

Andrew G. Arnott, Born: 1971 2007

President
Senior Vice President, John Hancock Financial Services (since 2009); Director and Executive Vice President, John Hancock Advisers, LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Investment Management Services, LLC (since 2006, including prior positions); President, John Hancock Funds, LLC (since 2004, including prior positions); President, John Hancock retail funds,³ John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2007, including prior positions); President, John Hancock Collateral Trust (since 2015); President, John Hancock Exchange-Traded Fund Trust (since 2014).

John J. Danello,Born: 1955 2014

Senior Vice President, Secretary, and Chief Legal Officer
Vice President and Chief Counsel, John Hancock Wealth Management (since 2005); Senior Vice President (since 2007) and Chief Legal Counsel (2007-2010), John Hancock Funds, LLC and The Berkeley Financial Group, LLC; Senior Vice President (since 2006, including prior positions) and Chief Legal Officer and Secretary (since 2014), John Hancock retail funds,³ John Hancock Funds II and John Hancock Variable Insurance Trust; Senior Vice President, Chief Legal Officer and Secretary, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015); Vice President, John Hancock Life & Health Insurance Company (since 2009); Vice President, John Hancock Life Insurance Company (USA) and John Hancock Life Insurance Company of New York (since 2010); and Senior Vice President, Secretary, and Chief Legal Counsel (2007-2014, including prior positions) of John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC.

Francis V. Knox, Jr.,Born: 1947 2005

Chief Compliance Officer
Vice President, John Hancock Financial Services (since 2005); Chief Compliance Officer, John Hancock retail funds,³ John Hancock Variable Insurance Trust, John Hancock Funds II, John Hancock Advisers, LLC, and John Hancock Investment Management Services, LLC (since 2005); Chief Compliance Officer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Charles A. Rizzo, Born: 1957 2007

Chief Financial Officer
Vice President, John Hancock Financial Services (since 2008); Senior Vice President, John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2008); Chief Financial Officer, John Hancock retail funds,³ John Hancock Variable Insurance Trust and John Hancock Funds II (since 2007); Chief Financial Officer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Salvatore Schiavone, Born: 1965 2010

Treasurer
Assistant Vice President, John Hancock Financial Services (since 2007); Vice President, John Hancock Advisers, LLC and John Hancock Investment Management Services, LLC (since 2007); Treasurer, John Hancock retail funds³ (since 2007, including prior positions); Treasurer, John Hancock Variable Insurance Trust and John Hancock Funds II (2007-2009 and since 2010, including prior positions); Treasurer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

The business address for all Trustees and Officers is 601 Congress Street, Boston, Massachusetts 02210-2805.

The Statement of Additional Information of the fund includes additional information about members of the Board of Trustees of the Trust and is available without charge, upon request, by calling 800-225-5291.

1	Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee's death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.
2	Member of the Audit Committee.
3	"John Hancock retail funds" comprises John Hancock Funds III and 36 other John Hancock funds consisting of 26 series of other John Hancock trusts and 10 closed-end funds.
4	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 59

More information

Trustees

James M. Oates, Chairperson
Steven R. Pruchansky, Vice Chairperson
Charles L. Bardelis*
James R. Boyle†
Craig Bromley†
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Theron S. Hoffman*
Deborah C. Jackson
Hassell H. McClellan
Gregory A. Russo
Warren A. Thomson†

Officers

Andrew G. Arnott
President

John J. Danello
Senior Vice President, Secretary,
and Chief Legal Officer

Francis V. Knox, Jr.
Chief Compliance Officer

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Investment advisor

John Hancock Advisers, LLC

Subadvisor

Grantham, Mayo, Van Otterloo & Co. LLC

Principal distributor

John Hancock Funds, LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers, LLP

*Member of the Audit Committee
†Non-Independent Trustee

The fund's proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.

The fund's complete list of portfolio holdings, for the first and third fiscal quarters, is filed with the SEC on Form N-Q. The fund's Form N-Q is available on our website and the SEC's website, sec.gov, and can be reviewed and copied (for a fee) at the SEC's Public Reference Room in Washington, DC. Call 800-SEC-0330 to receive information on the operation of the SEC's Public Reference Room.

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

You can also contact us:

800-225-5291
jhinvestments.com
Regular mail:

John Hancock Signature Services, Inc.
P.O. Box 55913
Boston, MA 02205-5913

Express mail:

John Hancock Signature Services, Inc.
Suite 55913
30 Dan Road
Canton, MA 02021

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL CORE FUND 60

John Hancock family of funds

DOMESTIC EQUITY FUNDS

Balanced

Blue Chip Growth

Classic Value

Disciplined Value

Disciplined Value Mid Cap

Equity Income

Fundamental All Cap Core

Fundamental Large Cap Core

Fundamental Large Cap Value

New Opportunities

Select Growth

Small Cap Equity

Small Cap Value

Small Company

Strategic Growth

U.S. Equity

U.S. Global Leaders Growth

Value Equity

GLOBAL AND INTERNATIONAL EQUITY FUNDS

Disciplined Value International

Emerging Markets

Emerging Markets Equity

Global Equity

Global Shareholder Yield

Greater China Opportunities

International Core

International Growth

International Small Company

International Value Equity

INCOME FUNDS

Bond

California Tax-Free Income

Core High Yield

Emerging Markets Debt

Floating Rate Income

Focused High Yield

Global Income

Government Income

High Yield Municipal Bond

Income

Investment Grade Bond

Money Market

Short Duration Credit Opportunities

Spectrum Income

Strategic Income Opportunities

Tax-Free Bond

ALTERNATIVE AND SPECIALTY FUNDS

Absolute Return Currency

Alternative Asset Allocation

Enduring Assets

Financial Industries

Global Absolute Return Strategies

Global Conservative Absolute Return

Global Real Estate

Natural Resources

Redwood

Regional Bank

Seaport

Technical Opportunities

A fund's investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial professional, call John Hancock Investments at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.

ASSET ALLOCATION

Income Allocation Fund

Lifestyle Aggressive Portfolio

Lifestyle Balanced Portfolio

Lifestyle Conservative Portfolio

Lifestyle Growth Portfolio

Lifestyle Moderate Portfolio

Retirement Choices Portfolios (2010-2055)

Retirement Living Portfolios (2010-2055)

Retirement Living II Portfolios (2010-2055)

EXCHANGE-TRADED FUNDS

John Hancock Multifactor Consumer Discretionary ETF

John Hancock Multifactor Financials ETF

John Hancock Multifactor Healthcare ETF

John Hancock Multifactor Large Cap ETF

John Hancock Multifactor Mid Cap ETF

John Hancock Multifactor Technology ETF

CLOSED-END FUNDS

Financial Opportunities

Hedged Equity & Income

Income Securities Trust

Investors Trust

Preferred Income

Preferred Income II

Preferred Income III

Premium Dividend

Tax-Advantaged Dividend Income

Tax-Advantaged Global Shareholder Yield

"As an investment firm,
upholding the proud
tradition of John Hancock
comes down to one thing:
putting shareholders
first. We believe that if
our shareholders are
successful, then we will
be successful."

Andrew G. Arnott

President and Chief Executive Officer
John Hancock Investments

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed
from the fund. Brokerage commissions will reduce returns.

John Hancock ETFs are distributed by Foreside Fund Services, LLC, and are subadvised by Dimensional Fund Advisors LP.
Foreside is not affiliated with John Hancock Funds, LLC or Dimensional Fund Advisors LP.

Dimensional Fund Advisors LP receives compensation from John Hancock in connection with licensing rights to the
John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no
representation as to the advisability of investing in, John Hancock Multifactor ETFs.

John Hancock Investments

A trusted brand

John Hancock Investments is a premier asset manager representing
one of America's most trusted brands, with a heritage of financial
stewardship dating back to 1862. Helping our shareholders pursue
their financial goals is at the core of everything we do. It's why we
support the role of professional financial advice and operate with the
highest standards of conduct and integrity.

A better way to invest

We build funds based on investor needs, then search the world to find
proven portfolio teams with specialized expertise in those strategies.
As a manager of managers, we apply vigorous oversight to ensure that
they continue to meet our uncompromising standards and serve the
best interests of our shareholders.

Results for investors

Our unique approach to asset management enables us to provide
a diverse set of investments backed by some of the world's best
managers, along with strong risk-adjusted returns across asset classes.

John Hancock Funds, LLC n Member FINRA, SIPC
601 Congress Street n Boston, MA 02210-2805
800-225-5291 n jhinvestments.com

This report is for the information of the shareholders of John Hancock International Core Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF279520 66A 2/16
4/16

John Hancock

International Growth Fund

Annual report 2/29/16

A message to shareholders

Dear shareholder,

On behalf of everyone at John Hancock Investments, I'd like to take this opportunity to thank you for the continued trust you've placed in us.

Sincerely,

Andrew G. Arnott
President and Chief Executive Officer
John Hancock Investments

John Hancock
International Growth Fund

Table of contents

2 Your fund at a glance

4 Discussion of fund performance

8 A look at performance

10 Your expenses

12 Fund's investments

15 Financial statements

19 Financial highlights

28 Notes to financial statements

37 Auditor's report

38 Tax information

39 Trustees and Officers

43 More information

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks high total return primarily through capital appreciation.

AVERAGE ANNUAL TOTAL RETURNS AS OF 2/29/16(%)

The MSCI AC World ex-USA Growth Index (gross of foreign withholding tax on dividends) is a free float-adjusted market capitalization index that is designed to measure the equity performance of growth-oriented stocks in developed (excluding the U.S.) and emerging markets.

The MSCI EAFE Growth Index (gross of foreign withholding tax on dividends) is a free float-adjusted market capitalization index that is designed to measure the performance of growth-oriented developed market stocks within Europe, Australasia, and the Far East.

The MSCI EAFE Index (gross of foreign withholding tax on dividends) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower. Since-inception returns for the Morningstar fund category average are not available.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

Fund and benchmark declined amid a challenging economic environment

Most developed-market stocks outside the United States as represented by the fund's benchmark, the MSCI AC World ex-USA Growth Index, declined as a slowdown in China's GDP growth and falling oil prices accentuated concerns about the outlook for the global economy.

Contribution from stock picking helped the fund outperform on a relative basis

The fund posted a negative overall return, but it outperformed its benchmark, largely as a result of our effective stock picking in the consumer discretionary, healthcare, and financials sectors.

Sector allocations in consumer staples, information technology detracted

The fund's sector allocations in consumer staples and information technology detracted from relative performance.

SECTOR COMPOSITION AS OF 2/29/16 (%)

A note about risks

Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Growth stocks may be subject to greater price fluctuations because their prices tend to place greater emphasis on earnings expectations. The value of a company's equity securities is subject to changes in the company's financial condition, and overall market and economic conditions. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. Hedging, derivatives, and other strategic transactions may increase a fund's volatility and could produce disproportionate losses, potentially more than the fund's principal investment. Actively trading securities can increase transaction costs (thus lowering performance) and taxable distributions. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. Please see the fund's prospectuses for additional risks.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 3

Discussion of fund performance

An interview with Portfolio Manager John A. Boselli, CFA, Wellington Management Company LLP

John A. Boselli, CFA
Portfolio Manager
Wellington Management Company LLP

Can you describe the market environment during the 12-month period and the factors underlying the generally negative returns for international stocks?

The performance of the fund's benchmark, the MSCI AC World ex-USA Growth Index, was negative overall. However, in the early months of the period, most stocks in developed markets outside the United States rose. Accommodative monetary policies were a key catalyst, as the European Central Bank, the Bank of Japan, and the People's Bank of China expanded their economic stimulus initiatives. Signs of a modest economic rebound across much of Europe also lifted investor sentiment.

However, this momentum faded over the late spring and summer of 2015 as worries about a slowdown in China's economic growth dominated the market narrative. These fears were amplified when China devalued its currency, triggering concerns about disinflationary trends against a backdrop of weakening global growth. Selling reached a peak after Chinese manufacturing data fell to the weakest level in six years. Although stocks rebounded in the fall, they took another steep dive entering 2016 amid further signs of slower growth in China and additional weakening in crude oil prices. Oil fell below $30 a barrel at one point in January, the lowest level in nearly 13 years, amid a global supply glut and concerns of weakening demand. Further expansion of accommodative monetary policies in Europe and Japan, including Japan's introduction of negative interest rates, helped to offset these headwinds somewhat in early 2016. However, the benchmark's overall return for the period remained negative.

Although its overall return was negative, the fund outperformed relative to its benchmark. At the sector level, what key factors had the most significant impact on this result?

Our security selection contributed to relative performance in seven of the ten sectors, led by strong stock picking in the consumer discretionary, healthcare, and financials sectors. While sector allocations are typically by-products of our bottom-up approach to managing the fund, relative results were hindered by the fund's allocations in consumer staples and information technology. An underweight in consumer staples detracted, as this sector outperformed relative to the broad

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 4

"Our security selection contributed to relative performance in seven of the ten sectors, led by strong stock picking in the consumer discretionary, healthcare, and financials sectors."

market; in information technology, the fund's overweight was a negative factor, as that sector underperformed.

Which equity positions had the biggest positive impact on the fund's performance?

Top contributors to relative returns during the period included Ono Pharmaceutical Company, Ltd., Pandora A/S, and DSV A/S. Shares of Japan-based Ono Pharmaceutical were supported by positive expectations for Opdivo, a drug that Ono codeveloped and that was approved in the United States to treat melanoma and lung cancer. Shares of Pandora, a Denmark-based jewelry maker, rose as the company continued to expand its store footprint across a number of geographies, adding to its already significant reach. Another Danish company, the global freight transportation and logistics services provider DSV, saw its shares rise on the heels of its October 2015 announcement of plans to acquire UTi Worldwide, a U.S.-based air and sea freight company that was not held in the fund during the period. The market reacted favorably to the acquisition, as it appeared that DSV could realize cost savings from integrating UTi into its existing operations.

Which positions had the biggest negative impact on the fund's relative results?

A position in India-based ICICI Bank, Ltd. was the largest detractor from relative performance. Its shares dropped amid persistent concerns over asset quality in the banking sector and negative sentiment among foreign investors toward India's equity market. A position in China-based

TOP 10 HOLDINGS AS OF 2/29/16 (%)

Roche Holding AG 3.6

British American Tobacco PLC 2.7

Taiwan Semiconductor Manufacturing Company, Ltd. 2.6

Novo Nordisk A/S, B Shares 2.6

Tencent Holdings, Ltd. 2.5

Anheuser-Busch InBev NV 2.4

Novartis AG 2.3

Unilever NV 2.2

Reckitt Benckiser Group PLC 2.1

Compass Group PLC 2.0

TOTAL 25.0

As a percentage of net assets.

Cash and cash equivalents are not included.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 5

technology company AAC Technologies Holdings, Inc. was another significant detractor. The stock fell after it was reported that Apple Inc. had dropped AAC Technologies as a supplier for a component in the new Apple Watch. A position in Schroders PLC also weighed on relative results, as shares of the U.K.-based asset management firm were pressured amid volatile equity markets. Further negatives for the stock included investor withdrawals of cash from Schroders' intermediary business and concerns about the United Kingdom's potential exit from the European Union. We sold the fund's positions in ICICI Bank, AAC Technologies, and Schroders during the period.

TOP 10 COUNTRIES AS OF 2/29/16 (%)

United Kingdom 32.8

Switzerland 12.1

Japan 10.7

Denmark 5.7

India 5.0

United States 4.2

China 3.9

Australia 3.3

Germany 3.1

Ireland 2.9

TOTAL 83.7

As a percentage of net assets.

Cash and cash equivalents are not included.

How was the fund positioned at the end of the period?

We maintained our emphasis on companies that we view as high quality by focusing on those that generate substantial free cash flows and return that cash to shareholders in the form of dividend payouts or share repurchases.

Around the world, there appeared to be higher stress in the credit system. Despite positive economic indicators in the United States, we observed rising yields in the high-yield corporate debt market. In the emerging markets, spreads for credit default swaps increased, and expanding credit pressures in China were a further cause for concern. We saw several indicators of potential economic instability in China, including excess investment, high inventory, capital outflows, and currency weakness.

The fund continued to be underweight in Japan, a market that exports a large volume of products to China and the broader Pacific Rim, and, as a result, is vulnerable to the slowdown in China's economic growth.

At the sector level, the fund's most significant overweight positions were in healthcare and

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 6

information technology. Within financials, the fund was underweight in banks. It also was underweight in energy and commodities stocks, as well as in cyclical industrials.

Among the positions that we initiated during the period was Unilever NV, a Netherlands-based multinational consumer goods company that, in our view, generates strong returns on capital and possesses an attractive dividend yield. We also added U.K.-based global liquor manufacturer Diageo PLC. We view Diageo as a high-quality company that generates strong free cash flows and possesses improving businesses in the United States and the emerging markets.

MANAGED BY

John A. Boselli, CFA
On the fund since 2014
Investing since 1996

The views expressed in this report are exclusively those of John A. Boselli, CFA, Wellington Management Company LLP, and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 7

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED FEBRUARY 29, 2016

Average annual total returns (%)
with maximum sales charge Cumulative total returns (%)
with maximum sales charge

1-year 5-year Since
inception¹ 5-year Since
inception¹

Class A -12.47 4.20 4.06 22.86 47.21

Class B -13.16 4.17 3.83 22.67 44.06

Class C -9.43 4.49 3.82 24.58 43.97

Class I² -7.59 5.64 5.02 31.56 61.04

Class R2^2,3 -8.03 5.23 4.59 29.05 54.65

Class R4^2,3 -7.81 5.29 4.61 29.38 55.03

Class R6^2,3 -7.46 5.37 4.65 29.86 55.62

Class 1² -7.49 5.72 5.07 32.09 61.81

Class NAV^2,3 -7.60 5.33 4.64 29.66 55.37

Index 1^† -13.31 0.55 2.94 2.77 32.58

Index2^† -10.15 2.53 3.20 13.31 35.87

Index 3^† -14.80 1.01 2.02 5.15 21.47

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1 to 6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, and 1%. No sales charge will be assessed after the sixth year. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R4, Class R6, Class 1, and Class NAV shares.

Class A Class B Class C Class I Class R2* Class R4* Class R6* Class 1 Class NAV*

Gross (%) 1.45 2.15 2.15 1.14 1.54 1.39 1.04 1.07 1.02

Net (%) 1.35 2.05 2.05 1.05 1.45 1.20 1.02 1.07 1.02

*	Expenses have been estimated for the first year of operations of the fund's Class R2, Class R4, Class R6 and Class NAV shares.

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

†	Index 1 is the MSCI AC World ex-USA Growth Index; Index 2 is the MSCI EAFE Growth Index; Index 3 is the MSCI EAFE Index.

See the following page for footnotes.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 8

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock International Growth Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in three separate indexes.

Start date With maximum
sales charge ($) Without
sales charge ($) Index 1 ($) Index 2 ($) Index 3 ($)

Class B⁴ 6-12-06 14,406 14,406 13,258 13,587 12,147

Class C⁴ 6-12-06 14,397 14,397 13,258 13,587 12,147

Class I² 6-12-06 16,104 16,104 13,258 13,587 12,147

Class R2^2,3 6-12-06 15,465 15,465 13,258 13,587 12,147

Class R4^2,3 6-12-06 15,503 15,503 13,258 13,587 12,147

Class R6^2,3 6-12-06 15,562 15,562 13,258 13,587 12,147

Class 1² 6-12-06 16,181 16,181 13,258 13,587 12,147

Class NAV^2,3 6-12-06 15,537 15,537 13,258 13,587 12,147

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

1	From 6-12-06.
2	For certain types of investors, as described in the fund's prospectuses.
3	Class R2, Class R4, and Class R6 shares were first offered on 3-27-15. Class NAV shares were first offered on 6-2-15. The returns prior to these dates are those of Class A shares and may be higher or lower than if adjusted to reflect the expenses of any other share classes.
4	The contingent deferred sales charge is not applicable.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 9

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

•	Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.
•	Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

Beginning
Account value
on 9-1-2015 Ending value
on 2-29-2016 Expenses paid
during period
ended 2-29-2016¹ Annualized
expense ratio

Class A $1,000.00 $949.90 $6.55 1.35%

Class B 1,000.00 946.20 9.93 2.05%

Class C 1,000.00 946.60 9.93 2.05%

Class I 1,000.00 951.30 5.08 1.05%

Class R2 1,000.00 949.00 7.06 1.46%

Class R4 1,000.00 950.50 5.87 1.21%

Class R6 1,000.00 951.80 4.56 0.94%

Class 1 1,000.00 951.40 4.77 0.98%

Class NAV 1,000.00 952.00 4.51 0.93%

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 10

Hypothetical example for comparison purposes

Beginning
Account value
on 9-1-2015 Ending value
on 2-29-2016 Expenses paid
during period
ended 2-29-2016¹ Annualized
expense ratio

Class A $1,000.00 $1,018.10 $6.78 1.35%

Class B 1,000.00 1,014.70 10.28 2.05%

Class C 1,000.00 1,014.70 10.28 2.05%

Class I 1,000.00 1,019.70 5.26 1.05%

Class R2 1,000.00 1,017.60 7.31 1.46%

Class R4 1,000.00 1,018.80 6.08 1.21%

Class R6 1,000.00 1,020.20 4.72 0.94%

Class 1 1,000.00 1,020.00 4.94 0.98%

Class NAV 1,000.00 1,020.20 4.67 0.93%

1	Expenses are equal to the fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 11

Fund's investments

As of 2-29-16

Shares Value

Common stocks 96.6% $1,960,719,303

(Cost $2,025,441,720)

Australia 3.3% 66,805,177

Amcor, Ltd. 3,509,927 34,997,971

CSL, Ltd. 434,969 31,807,206

Belgium 2.4% 48,817,734

Anheuser-Busch InBev NV 436,351 48,817,734

China 3.9% 79,942,712

New Oriental Education & Technology Group, Inc., ADR 927,205 28,863,892

Tencent Holdings, Ltd. 2,791,570 51,078,820

Denmark 5.7% 116,484,903

DSV A/S 733,089 29,978,158

Novo Nordisk A/S, B Shares 1,029,198 52,987,920

Pandora A/S 265,521 33,518,825

Finland 1.3% 25,499,172

Sampo OYJ, A Shares 566,858 25,499,172

Germany 3.1% 62,081,543

ProSiebenSat.1 Media SE 672,108 34,353,598

United Internet AG 569,405 27,727,945

Hong Kong 1.0% 20,461,801

Guangdong Investment, Ltd. 16,855,897 20,461,801

India 5.0% 101,788,667

Bharti Infratel, Ltd. 5,035,107 26,073,367

HCL Technologies, Ltd. 1,860,249 22,146,361

HDFC Bank, Ltd. 1,018,783 16,570,225

HDFC Bank, Ltd., ADR 189,405 10,004,372

Sun Pharmaceutical Industries, Ltd. 2,158,036 26,994,342

Ireland 2.9% 59,322,312

ICON PLC (I) 418,177 29,757,475

Medtronic PLC 382,024 29,564,837

Israel 1.6% 31,396,971

Check Point Software Technologies, Ltd. (I)(L) 377,958 31,396,971

Japan 10.7% 216,780,533

Astellas Pharma, Inc. 2,598,090 37,380,995

Fuji Heavy Industries, Ltd. 892,400 29,196,502

Hoya Corp. 705,119 25,480,737

Japan Tobacco, Inc. 918,006 36,504,422

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 12

Shares Value

Japan (continued)

Nippon Telegraph & Telephone Corp. 487,400 $20,640,084

NTT DOCOMO, Inc. 1,336,000 31,097,677

Ono Pharmaceutical Company, Ltd. 197,020 36,480,116

Jordan 1.1% 22,199,236

Hikma Pharmaceuticals PLC 851,781 22,199,236

Netherlands 1.6% 32,143,848

ASML Holding NV 352,848 32,143,848

Singapore 1.3% 26,750,460

Broadcom, Ltd. 199,675 26,750,460

South Korea 1.4% 28,055,570

LG Household & Health Care, Ltd. 39,967 28,055,570

Switzerland 12.1% 245,060,497

Actelion, Ltd. (I) 253,811 35,157,698

Julius Baer Group, Ltd. (I) 516,512 20,608,653

Novartis AG 643,720 45,851,184

Partners Group Holding AG 92,353 33,428,191

Roche Holding AG 281,301 72,129,894

UBS Group AG 2,479,865 37,884,877

Taiwan 2.6% 53,092,233

Taiwan Semiconductor Manufacturing Company, Ltd. 11,867,000 53,092,233

United Kingdom 32.8% 666,549,592

Admiral Group PLC 1,075,442 25,824,568

Aon PLC 301,964 28,774,150

ARM Holdings PLC 2,265,547 31,132,072

AstraZeneca PLC 490,769 27,903,426

BAE Systems PLC 4,142,378 29,366,699

Booker Group PLC 8,829,226 20,334,119

British American Tobacco PLC 1,002,275 54,527,882

Compass Group PLC 2,310,512 40,508,732

Diageo PLC 1,375,694 35,355,771

IG Group Holdings PLC 2,683,614 28,290,203

Imperial Tobacco Group PLC 597,353 30,832,789

Next PLC 315,960 29,603,741

Persimmon PLC (I) 1,028,261 31,075,417

Reckitt Benckiser Group PLC 476,334 43,389,052

Sky PLC 2,139,982 30,906,080

Smith & Nephew PLC 2,017,784 32,744,352

St. James's Place PLC 2,172,925 25,813,209

The Sage Group PLC 2,793,878 23,054,091

Unilever NV 1,008,215 43,956,634

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 13

Shares Value

United Kingdom (continued)

Worldpay Group PLC (I)(S) 6,079,696 $24,276,125

WPP PLC 1,371,189 28,880,480

United States 2.8% 57,486,342

Allergan PLC (I) 97,290 28,224,802

Amdocs, Ltd. 515,531 29,261,540

Yield (%) Shares Value

Securities lending collateral 1.4% $28,332,326

(Cost $28,331,119)

John Hancock Collateral Trust (W) 0.4639(Y ) 2,831,732 28,332,326

Total investments (Cost $2,053,772,839)† 98.0% $1,989,051,629

Other assets and liabilities, net 2.0% $41,355,589

Total net assets 100.0% $2,030,407,218

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.

Key to Security Abbreviations and Legend

ADR American Depositary Receipts

(I) Non-income producing security.

(L) A portion of this security is on loan as of 2-29-16.

(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.

(W) Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

(Y) The rate shown is the annualized seven-day yield as of 2-29-16.

† At 2-29-16, the aggregate cost of investment securities for federal income tax purposes was $2,056,837,192. Net unrealized depreciation aggregated to $67,785,563, of which $50,552,533 related to appreciated investment securities and $118,338,096 related to depreciated investment securities.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 14

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 2-29-16

Assets

Unaffiliated investments, at value (Cost $2,025,441,720) including $27,853,882 of securities loaned $1,960,719,303

Affiliated investments, at value (Cost $28,331,119) 28,332,326

Total investments, at value (Cost $2,053,772,839) 1,989,051,629

Cash 32,829,191

Foreign currency, at value (Cost $734) 728

Receivable for investments sold 9,874,766

Receivable for fund shares sold 26,753,550

Dividends and interest receivable 3,471,686

Receivable for securities lending income 8,235

Receivable due from advisor 28,662

Other receivables and prepaid expenses 122,668

Total assets 2,062,141,115

Liabilities

Payable for investments purchased 70,250

Payable for fund shares repurchased 2,676,768

Payable upon return of securities loaned 28,332,850

Payable to affiliates

Accounting and legal services fees 37,499

Transfer agent fees 159,916

Distribution and service fees 741

Trustees' fees 495

Other liabilities and accrued expenses 455,378

Total liabilities 31,733,897

Net assets $2,030,407,218

Net assets consist of

Paid-in capital $2,185,320,037

Undistributed net investment income 1,301,675

Accumulated net realized gain (loss) on investments and foreign currency transactions (91,424,904 )

Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities in foreign currencies (64,789,590 )

Net assets $2,030,407,218

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 15

STATEMENT OF ASSETS AND LIABILITIES (continued)

Net asset value per share

Based on net asset values and shares outstanding - The fund has an unlimited number of shares authorized with no par value

Class A ($615,495,396 ÷ 30,921,653 shares)¹ $19.90

Class B ($1,989,609 ÷ 100,976 shares)¹ $19.70

Class C ($113,414,278 ÷ 5,768,775 shares)¹ $19.66

Class I ($1,168,359,842 ÷ 58,601,825 shares) $19.94

Class R2 ($1,273,914 ÷ 63,951 shares) $19.92

Class R4 ($2,740,936 ÷ 137,476 shares) $19.94

Class R6 ($2,446,437 ÷ 122,637 shares) $19.95

Class 1 ($38,768,086 ÷ 1,945,311 shares) $19.93

Class NAV ($85,918,720 ÷ 4,311,726 shares) $19.93

Maximum offering price per share

Class A (net assets value per share ÷ 95%)² $20.95

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 16

STATEMENT OF OPERATIONS For the year ended 2-29-16

Investment income

Dividends $22,626,148

Securities lending 91,821

Interest 1,513

Less foreign taxes withheld (1,174,208 )

Total investment income 21,545,274

Expenses

Investment management fees 10,230,329

Distribution and service fees 1,848,121

Accounting and legal services fees 157,553

Transfer agent fees 1,266,144

Trustees' fees 11,905

State registration fees 136,699

Printing and postage 102,048

Professional fees 101,340

Custodian fees 333,640

Registration and filing fees 288,090

Other 47,544

Total expenses 14,523,413

Less expense reductions (132,570 )

Net expenses 14,390,843

Net investment income 7,154,431

Realized and unrealized gain (loss)

Net realized gain (loss) on

Unaffiliated investments and foreign currency transactions (90,877,231 )

Affiliated investments (1,743 )

(90,878,974 )

Change in net unrealized appreciation (depreciation) of

Unaffiliated investments and translation of assets and liabilities in foreign currencies (85,974,772 )

Affiliated investments 1,239

(85,973,533 )

Net realized and unrealized loss (176,852,507 )

Decrease in net assets from operations ($169,698,076 )

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 17

STATEMENTS OF CHANGES IN NET ASSETS

Year ended 2-29-16 Year ended 2-28-15

Increase (decrease) in net assets

From operations

Net investment income $7,154,431 $4,894,445

Net realized gain (loss) (90,878,974 ) 53,662,737

Change in net unrealized appreciation (depreciation) (85,973,533 ) (41,189,146 )

Increase (decrease) in net assets resulting from operations (169,698,076 ) 17,368,036

Distributions to shareholders

From net investment income

Class A (818,693 ) (2,076,485 )

Class B — (18,824 )

Class C — (111,601 )

Class I (4,166,349 ) (3,224,326 )

Class R4¹ (3,401 ) —

Class R6¹ (8,167 ) —

Class 1 (188,512 ) (377,806 )

Class NAV² (514,934 ) —

From net realized gain

Class A — (15,751,297 )

Class B — (246,055 )

Class C — (1,372,983 )

Class I — (20,794,947 )

Class 1 — (2,333,810 )

Total distributions (5,700,056 ) (46,308,134 )

From fund share transactions 1,878,340,204 (88,615,950 )

Total increase (decrease) 1,702,942,072 (117,556,048 )

Net assets

Beginning of year 327,465,146 445,021,194

End of year $2,030,407,218 $327,465,146

Undistributed (accumulated distributions in excess of) net investment income $1,301,675 ($35,771 )

1 The inception date for Class R4 and Class R6 shares is 3-27-15.

2 The inception date for Class NAV shares is 6-2-15.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 18

Financial highlights

Class A Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $21.64 $24.60 $21.28 $19.98 $20.99

Net investment income¹ 0.10 0.24 0.25 0.23 0.30

Net realized and unrealized gain (loss) on investments (1.81 ) 0.83 3.94 2.65 (1.12 )

Total from investment operations (1.71 ) 1.07 4.19 2.88 (0.82 )

Less distributions

From net investment income (0.03 ) (0.47 ) (0.15 ) (0.42 ) (0.19 )

From net realized gain — (3.56 ) (0.72 ) (1.16 ) —

Total distributions (0.03 ) (4.03 ) (0.87 ) (1.58 ) (0.19 )

Net asset value, end of period $19.90 $21.64 $24.60 $21.28 $19.98

Total return (%)^2,3 (7.86 ) 5.91 19.95 14.82 (3.80 )

Ratios and supplemental data

Net assets, end of period (in millions) $615 $140 $130 $73 $49

Ratios (as a percentage of average net assets):

Expenses before reductions 1.38 1.53 1.56 1.68 1.66

Expenses including reductions 1.37 1.52 1.55 1.60 1.59

Net investment income 0.48 1.02 1.09 1.13 1.50

Portfolio turnover (%) 82 204 42 61 55

1 Based on average daily shares outstanding.

2 Does not reflect the effect of sales charges, if any.

3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 19

Class B Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $21.55 $24.50 $21.22 $19.94 $20.93

Net investment income¹ 0.02 — ² 0.10 0.10 0.12

Net realized and unrealized gain (loss) on investments (1.87 ) 0.88 3.90 2.62 (1.06 )

Total from investment operations (1.85 ) 0.88 4.00 2.72 (0.94 )

Less distributions

From net investment income — (0.27 ) — (0.28 ) (0.05 )

From net realized gain — (3.56 ) (0.72 ) (1.16 ) —

Total distributions — (3.83 ) (0.72 ) (1.44 ) (0.05 )

Net asset value, end of period $19.70 $21.55 $24.50 $21.22 $19.94

Total return (%)^3,4 (8.58 ) 5.07 19.07 14.00 (4.47 )

Ratios and supplemental data

Net assets, end of period (in millions) $2 $2 $2 $1 $1

Ratios (as a percentage of average net assets):

Expenses before reductions 2.32 3.18 3.29 3.92 4.00

Expenses including reductions 2.12 2.34 2.30 2.30 2.33

Net investment income 0.07 — ⁵ 0.46 0.47 0.63

Portfolio turnover (%) 82 204 42 61 55

1 Based on average daily shares outstanding.

2 Less than $0.005 per share.

3 Does not reflect the effect of sales charges, if any.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

5 Less than 0.005%.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 20

Class C Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $21.49 $24.45 $21.18 $19.91 $20.91

Net investment income (loss)¹ (0.07 ) (0.03 ) 0.07 0.10 0.10

Net realized and unrealized gain (loss) on investments (1.76 ) 0.92 3.92 2.61 (1.05 )

Total from investment operations (1.83 ) 0.89 3.99 2.71 (0.95 )

Less distributions

From net investment income — (0.29 ) — (0.28 ) (0.05 )

From net realized gain — (3.56 ) (0.72 ) (1.16 ) —

Total distributions — (3.85 ) (0.72 ) (1.44 ) (0.05 )

Net asset value, end of period $19.66 $21.49 $24.45 $21.18 $19.91

Total return (%)^2,3 (8.52 ) 5.11 19.05 13.97 (4.52 )

Ratios and supplemental data

Net assets, end of period (in millions) $113 $13 $7 $2 $2

Ratios (as a percentage of average net assets):

Expenses before reductions 2.08 2.40 2.62 3.32 3.34

Expenses including reductions 2.07 2.30 2.30 2.30 2.33

Net investment income (loss) (0.33 ) (0.11 ) 0.32 0.48 0.52

Portfolio turnover (%) 82 204 42 61 55

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 21

Class I Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $21.67 $24.62 $21.31 $20.01 $21.04

Net investment income¹ 0.16 0.35 0.31 0.43 0.37

Net realized and unrealized gain (loss) on investments (1.80 ) 0.81 3.95 2.53 (1.12 )

Total from investment operations (1.64 ) 1.16 4.26 2.96 (0.75 )

Less distributions

From net investment income (0.09 ) (0.55 ) (0.23 ) (0.50 ) (0.28 )

From net realized gain — (3.56 ) (0.72 ) (1.16 ) —

Total distributions (0.09 ) (4.11 ) (0.95 ) (1.66 ) (0.28 )

Net asset value, end of period $19.94 $21.67 $24.62 $21.31 $20.01

Total return (%)² (7.59 ) 6.33 20.31 15.23 (3.42 )

Ratios and supplemental data

Net assets, end of period (in millions) $1,168 $152 $290 $79 $162

Ratios (as a percentage of average net assets):

Expenses before reductions 1.06 1.19 1.21 1.27 1.20

Expenses including reductions 1.06 1.18 1.21 1.25 1.20

Net investment income 0.73 1.46 1.33 2.09 1.88

Portfolio turnover (%) 82 204 42 61 55

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

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 22

Class R2 Shares Period ended 2-29-16 ¹

Per share operating performance

Net asset value, beginning of period $21.46

Net investment income 0.02

Net realized and unrealized loss on investments (1.56 )

Total from investment operations (1.54 )

Net asset value, end of period $19.92

Total return (%)² (7.18 ) ³

Ratios and supplemental data

Net assets, end of period (in millions) $1

Ratios (as a percentage of average net assets):

Expenses before reductions 1.90 ⁴

Expenses including reductions 1.52 ⁴

Net investment income 0.11 ⁴

Portfolio turnover (%) 82 ⁵

1 The inception date for Class R2 shares is 3-27-15.

2 Total returns would have been lower had certain expenses not been reduced during the applicable period.

3 Not annualized.

4 Annualized.

5 The portfolio turnover is shown for the period from 3-1-15 to 2-29-16.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 23

Class R4 Shares Period ended 2-29-16 ¹

Per share operating performance

Net asset value, beginning of period $21.46

Net investment income 0.05

Net realized and unrealized loss on investments (1.54 )

Total from investment operations (1.49 )

Less distributions

From net investment income (0.03 )

Total distributions (0.03 )

Net asset value, end of period $19.94

Total return (%)² (6.95 ) ³

Ratios and supplemental data

Net assets, end of period (in millions) $3

Ratios (as a percentage of average net assets):

Expenses before reductions 1.66 ⁴

Expenses including reductions 1.24 ⁴

Net investment income 0.24 ⁴

Portfolio turnover (%) 82 ⁵

1 The inception date for Class R4 shares is 3-27-15.

2 Total returns would have been lower had certain expenses not been reduced during the applicable period.

3 Not annualized.

4 Annualized.

5 The portfolio turnover is shown for the period from 3-1-15 to 2-29-16.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 24

Class R6 Shares Period ended 2-29-16 ¹

Per share operating performance

Net asset value, beginning of period $21.46

Net investment income² 0.12

Net realized and unrealized loss on investments (1.53 )

Total from investment operations (1.41 )

Less distributions

From net investment income (0.10 )

Total distributions (0.10 )

Net asset value, end of period $19.95

Total return (%)³ (6.59 ) ⁴

Ratios and supplemental data

Net assets, end of period (in millions) $2

Ratios (as a percentage of average net assets):

Expenses before reductions 1.37 ⁵

Expenses including reductions 0.95 ⁵

Net investment income 0.60 ⁵

Portfolio turnover (%) 82 ⁶

1 The inception date for Class R6 shares is 3-27-15.

2 Based on average daily shares outstanding.

3 Total returns would have been lower had certain expenses not been reduced during the applicable period.

4 Not annualized.

5 Annualized.

6 The portfolio turnover is shown for the period from 3-1-15 to 2-29-16.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 25

Class 1 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $21.65 $24.61 $21.30 $20.00 $21.02

Net investment income¹ 0.23 0.28 0.37 0.34 0.36

Net realized and unrealized gain (loss) on investments (1.84 ) 0.90 3.92 2.63 (1.09 )

Total from investment operations (1.61 ) 1.18 4.29 2.97 (0.73 )

Less distributions

From net investment income (0.11 ) (0.58 ) (0.26 ) (0.51 ) (0.29 )

From net realized gain — (3.56 ) (0.72 ) (1.16 ) —

Total distributions (0.11 ) (4.14 ) (0.98 ) (1.67 ) (0.29 )

Net asset value, end of period $19.93 $21.65 $24.61 $21.30 $20.00

Total return (%)² (7.49 ) 6.39 20.43 15.29 (3.33 )

Ratios and supplemental data

Net assets, end of period (in millions) $39 $20 $16 $11 $9

Ratios (as a percentage of average net assets):

Expenses before reductions 1.00 1.10 1.12 1.19 1.16

Expenses including reductions 0.99 1.09 1.12 1.15 1.14

Net investment income 1.06 1.18 1.59 1.68 1.83

Portfolio turnover (%) 82 204 42 61 55

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

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 26

Class NAV Shares Period ended 2-29-16 ¹

Per share operating performance

Net asset value, beginning of period $22.66

Net investment income² 0.11

Net realized and unrealized loss on investments (2.72 )

Total from investment operations (2.61 )

Less distributions

From net investment income (0.12 )

Total distributions (0.12 )

Net asset value, end of period $19.93

Total return (%)³ (11.57 ) ⁴

Ratios and supplemental data

Net assets, end of period (in millions) $86

Ratios (as a percentage of average net assets):

Expenses before reductions 0.94 ⁵

Expenses including reductions 0.93 ⁵

Net investment income 0.69 ⁵

Portfolio turnover (%) 82 ⁶

1 The inception date for Class NAV shares is 6-2-15.

2 Based on average daily shares outstanding.

3 Total returns would have been lower had certain expenses not been reduced during the applicable period.

4 Not annualized.

5 Annualized.

6 The portfolio turnover is shown for the period from 3-1-15 to 2-29-16.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 27

Notes to financial statements

Note 1 — Organization

John Hancock International Growth Fund (the fund) is a series of John Hancock Funds III (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek high total return, primarily through capital appreciation.

The fund may offer multiple classes of shares. The shares currently offered are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class B shares are closed to new investors. Class I shares are offered to institutions and certain investors. Class R2 and Class R4 shares are available only to certain retirement plans. Class R6 shares are available only to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation (MFC). Class NAV shares are offered to John Hancock affiliated funds and certain 529 plans. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ. Class B shares convert to Class A shares eight years after purchase.

Note 2 — Significant accounting policies

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the NAV may be determined as of the regularly scheduled close of the NYSE pursuant to the fund's Valuation Policies and Procedures. The time at which shares and transactions are priced and until which orders are accepted may vary to the extent permitted by the Securities and Exchange Commission and applicable regulations. In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are typically valued at the last sale price or official closing price on the exchange or principal market where the security was acquired or most likely will be sold. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective net asset values each business day. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing vendor. Securities that trade only in the over-the-counter (OTC) market are valued using bid prices. In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 28

The following is a summary of the values by input classification of the fund's investments as of February 29, 2016, by major security category or type:

Total
value at
2-29-16 Level 1
quoted
price Level 2
significant
observable
inputs Level 3
significant
unobservable
inputs

Common stocks

Australia $66,805,177 — $66,805,177 —

Belgium 48,817,734 — 48,817,734 —

China 79,942,712 $28,863,892 51,078,820 —

Denmark 116,484,903 — 116,484,903 —

Finland 25,499,172 — 25,499,172 —

Germany 62,081,543 — 62,081,543 —

Hong Kong 20,461,801 — 20,461,801 —

India 101,788,667 10,004,372 91,784,295 —

Ireland 59,322,312 59,322,312 — —

Israel 31,396,971 31,396,971 — —

Japan 216,780,533 — 216,780,533 —

Jordan 22,199,236 — 22,199,236 —

Netherlands 32,143,848 — 32,143,848 —

Singapore 26,750,460 26,750,460 — —

South Korea 28,055,570 — 28,055,570 —

Switzerland 245,060,497 — 245,060,497 —

Taiwan 53,092,233 — 53,092,233 —

United Kingdom 666,549,592 28,774,150 637,775,442 —

United States 57,486,342 57,486,342 — —

Securities lending collateral 28,332,326 28,332,326 — —

Total investments in securities $1,989,051,629 $270,930,825 $1,718,120,804 —

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 29

Obligations to repay collateral received by the fund are shown on the Statement of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. As of February 29, 2016, the fund loaned common stocks valued at $27,853,882 and received $28,332,850 of cash collateral.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 30

reflected in Other expenses on the Statement of operations. Commitment fees for the year ended February 29, 2016 were $2,607. For the year ended February 29, 2016, the fund had no borrowings under either line of credit.

Under the Regulated Investment Company Modernization Act of 2010, the fund is permitted to carry forward capital losses for an unlimited period. Capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law.

For federal income tax purposes, as of February 29, 2016, the fund has a short-term capital loss carryfoward of $88,360,551 available to offset future net realized capital gains. This carryforward does not expire.

February 29, 2016 February 28, 2015

Ordinary Income $5,700,056 $12,161,897

Long-term capital gains — $34,146,237

Total $5,700,056 $46,308,134

Such distributions and distributable earnings, on a tax basis, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the fund's financial statements as a return of capital.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 31

Note 3 — Guarantees and indemnifications

Note 4 — Fees and transactions with affiliates

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis to the sum of (a) 0.900% of the first $500 million of the fund's average daily net assets; (b) 0.850% of the next $500 million of the fund's average daily net assets, and (c) 0.800% of the fund's average daily net assets in excess of $1 billion. The Advisor has a subadvisory agreement with Wellington Management Company LLP. The fund is not responsible for payment of the subadvisory fees.

Effective September 17, 2015 (with the exception of Class 1), the Advisor has contractually agreed to waive fees and/or reimburse certain expenses for each share class of the fund. This agreement excludes taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund's business, acquired fees and expenses paid indirectly and short dividend expense. The fee waivers and/or reimbursements are such that these expenses will not exceed 1.35%, 2.05%, 2.05% 1.05%, 1.45%, 1.20%, and 1.15% of average net assets for Class A, Class B, Class C, Class I, Class R2, Class R4, and Class 1 shares, respectively. The current expense limitation agreement will remain in effect through June 30, 2016 for Class 1 shares and June 30, 2017 for Class A, Class B, Class C, Class I, Class R2 and Class R4 shares, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at the time. Prior to July 1, 2015, Class A and Class C shares had fee waivers and/or reimbursement such that the expenses would not exceed 1.60% and 2.30% for Class A and Class C shares, respectively. Prior to September 17, 2015, Class I, Class R2, and Class R4 shares had fee waivers and/or reimbursement such that the expenses would not exceed 1.24%, 1.69%, and 1.44% of average net assets, respectively.

Prior to July 1, 2015, the Advisor contractually agreed to waive and/or reimburse all class specific expenses for Class B shares of the fund, including Rule 12b-1 fees and transfer agency fees and service fees, as applicable, to the extent they exceed 1.30% of average annual net assets attributable to Class B shares (the Class Expense Waiver).

The expense reductions described above amounted to the following for the year ended February 29, 2016:

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 32

Class Expense reductions Class Expense reductions

Class A $52,489 Class R4 $3,269

Class B 4,062 Class R6 4,286

Class C 9,415 Class 1 2,313

Class I 47,499 Class NAV 5,303

Class R2 2,868 Total $131,504

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans with respect to Class A, Class B, Class C, Class R2, Class R4 and Class 1 shares pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for Class R2 and Class R4 shares, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund's shares:

Class Rule 12b-1 fee Service fee

Class A 0.30% —

Class B 1.00% —

Class C 1.00% —

Class R2 0.25% 0.25%

Class R4 0.25% 0.10%

Class 1 0.05% —

The fund's Distributor has contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on June 30, 2017, unless renewed by mutual agreement of the fund and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to $1,066 for Class R4 shares for the year ended February 29, 2016.

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $3,623,603 for the year ended February 29, 2016. Of this amount, $611,872 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $2,999,474 was paid as sales commissions to broker-dealers and $12,257 was paid as sales commissions to sales personnel of Signator Investors, Inc., a broker-dealer affiliate of the Advisor.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 33

connection with the sale of these shares. During the year ended February 29, 2016, CDSCs received by the Distributor amounted to $2,231, $2,235 and $20,956 for Class A, Class B and Class C shares, respectively.

Class level expenses. Class level expenses for the year ended February 29, 2016 were:

Class Distribution and service fees Transfer agent fees State registration fees Printing and postage

Class A $1,153,583 $479,149 $9,707 $6,476

Class B 20,363 2,545 4,782 147

Class C 651,718 81,151 4,909 606

Class I — 702,840 6,454 6,686

Class R2 3,391 123 3,760 28

Class R4 3,569 172 3,761 8

Class R6 — 164 4,040 8

Class 1 15,497 — — —

Total $1,848,121 $1,266,144 $37,413 $13,959

Note 5 — Fund share transactions

Transactions in fund shares for the years ended February 29, 2016 and February 28, 2015 were as follows:

Year ended 2-29-16 Year ended 2-28-15

Shares Amount Shares Amount

Class A shares

Sold 30,296,417 $652,123,320 3,872,773 $89,197,062

Distributions reinvested 37,422 806,063 870,844 17,190,462

Repurchased (5,892,970 ) (123,829,522 ) (3,537,619 ) (86,355,594 )

Net increase 24,440,869 $529,099,861 1,205,998 $20,031,930

Class B shares

Sold 43,893 $950,453 11,751 $269,871

Distributions reinvested — — 11,409 224,646

Repurchased (23,186 ) (489,433 ) (17,977 ) (410,047 )

Net increase 20,707 $461,020 5,183 $84,470

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 34

Year ended 2-29-16 Year ended 2-28-15

Shares Amount Shares Amount

Class C shares

Sold 5,682,409 $121,374,986 353,368 $7,865,929

Distributions reinvested — — 58,230 1,143,641

Repurchased (535,075 ) (11,149,899 ) (92,860 ) (2,139,704 )

Net increase 5,147,334 $110,225,087 318,738 $6,869,866

Class I shares

Sold 65,900,813 $1,417,620,775 7,959,907 $188,904,055

Distributions reinvested 160,677 3,464,207 959,666 18,953,405

Repurchased (14,492,634 ) (309,958,268 ) (13,666,278 ) (328,851,005 )

Net increase (decrease) 51,568,856 $1,111,126,714 (4,746,705 ) ($120,993,545 )

Class R2 shares¹

Sold 67,764 $1,480,916 — —

Repurchased (3,813 ) (81,033 ) — —

Net increase 63,951 $1,399,883 — —

Class R4 shares¹

Sold 152,395 $3,282,916 — —

Distributions reinvested 151 3,252 — —

Repurchased (15,070 ) (313,187 ) — —

Net increase 137,476 $2,972,981 — —

Class R6 shares¹

Sold 123,984 $2,660,310 — —

Distributions reinvested 356 7,688 — —

Repurchased (1,703 ) (34,471 ) — —

Net increase 122,637 $2,633,527 — —

Class 1 shares

Sold 1,191,160 $25,899,826 269,172 $6,025,547

Distributions reinvested 8,748 188,512 137,367 2,711,616

Repurchased (168,568 ) (3,618,687 ) (142,058 ) (3,345,834 )

Net increase 1,031,340 $22,469,651 264,481 $5,391,329

Class NAV shares²

Sold 4,844,041 $109,195,857 — —

Distributions reinvested 23,895 514,934 — —

Repurchased (556,210 ) (11,759,311 ) — —

Net increase 4,311,726 $97,951,480 — —

Total net increase (decrease) 86,844,896 $1,878,340,204 (2,952,305 ) ($88,615,950 )

1 The inception date for Class R2, Class R4 and Class R6 shares is 3-27-15.

2 The inception date for Class NAV shares is 6-2-15.

Affiliates of the fund owned 100% of shares of beneficial interest of Class 1 and Class NAV on February 29, 2016.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $2,780,389,201 and $963,454,147, respectively, for the year ended February 29, 2016.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 35

Note 7 — Industry or sector risk

The fund may invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of the fund's assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund's net asset value more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors.

Note 8 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund's net assets. At February 29, 2016, there were no affiliated funds with an ownership of 5% or more of the fund's net assets.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 36

AUDITOR'S REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Funds III and Shareholders of John Hancock International Growth Fund:

In our opinion, the accompanying statement of assets and liabilities, including the fund's investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of John Hancock International Growth Fund (the "Fund") at February 29, 2016, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 29, 2016 by correspondence with the custodian and transfer agent, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

April 14, 2016

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 37

TAX INFORMATION

Unaudited

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended February 29, 2016.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Income derived from foreign sources was $21,716,982. The fund intends to pass through foreign tax credits of $1,071,219.

Eligible shareholders will be mailed a 2016 Form 1099-DIV in early 2017. This will reflect the tax character of all distributions paid in calendar year 2016.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 38

Trustees and Officers

Independent Trustees

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

William H. Cunningham, Born: 1944 2006 228

Trustee
Professor, University of Texas, Austin, Texas (since 1971); former Chancellor, University of Texas System and former President of the University of Texas, Austin, Texas; Chairman (since 2009) and Director (since 2006), Lincoln National Corporation (insurance); Director, Southwest Airlines (since 2000); former Director, LIN Television (2009-2014). Trustee, John Hancock retail funds³ (since 1986); Trustee, John Hancock Variable Insurance Trust (since 2012); Trustee, John Hancock Funds II (2005-2006 and since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 39

Independent Trustees (continued)

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

Steven R. Pruchansky, Born: 1944 2006 228

Trustee and Vice Chairperson of the Board
Chairman and Chief Executive Officer, Greenscapes of Southwest Florida, Inc. (since 2000); Director and President, Greenscapes of Southwest Florida, Inc. (until 2000); Member, Board of Advisors, First American Bank (until 2010); Managing Director, Jon James, LLC (real estate) (since 2000); Partner, Right Funding, LLC (since 2014); Director, First Signature Bank & Trust Company (until 1991); Director, Mast Realty Trust (until 1994); President, Maxwell Building Corp. (until 1991). Trustee (since 1992) and Chairperson of the Board (2011-2012), John Hancock retail funds³; Trustee and Vice Chairperson of the Board, John Hancock retail funds³ John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2012); Trustee, and Vice Chairperson of the Board, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 40

Independent Trustees (continued)

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

Gregory A. Russo, Born: 1949 2008 228

Trustee
Director and Audit Committee Chairman (since 2012), and Member, Audit Committee and Finance Committee (since 2011), NCH Healthcare System, Inc. (holding company for multi-entity healthcare system); Director and Member (since 2012) and Finance Committee Chairman (since 2014), The Moorings, Inc. (nonprofit continuing care community); Vice Chairman, Risk & Regulatory Matters, KPMG LLP (KPMG) (2002-2006); Vice Chairman, Industrial Markets, KPMG (1998-2002); Chairman and Treasurer, Westchester County, New York, Chamber of Commerce (1986-1992); Director, Treasurer, and Chairman of Audit and Finance Committees, Putnam Hospital Center (1989-1995); Director and Chairman of Fundraising Campaign, United Way of Westchester and Putnam Counties, New York (1990-1995). Trustee, John Hancock retail funds³ (since 2008); Trustee, John Hancock Variable Insurance Trust and John Hancock Funds II (since 2012); Trustee, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

Non-Independent Trustees⁴

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 41

Principal officers who are not Trustees

Name, year of birth
Position(s) held with fund
Principal occupation(s)
during past 5 years Officer
of the
Trust
since

Andrew G. Arnott, Born: 1971 2009

President
Senior Vice President, John Hancock Financial Services (since 2009); Director and Executive Vice President, John Hancock Advisers, LLC (since 2005, including prior positions); Director and Executive Vice President, John Hancock Investment Management Services, LLC (since 2006, including prior positions); President, John Hancock Funds, LLC (since 2004, including prior positions); President, John Hancock retail funds,³ John Hancock Variable Insurance Trust, and John Hancock Funds II (since 2007, including prior positions); President, John Hancock Collateral Trust (since 2015); President, John Hancock Exchange-Traded Fund Trust (since 2014).

Francis V. Knox, Jr.,Born: 1947 2006

Chief Compliance Officer
Vice President, John Hancock Financial Services (since 2005); Chief Compliance Officer, John Hancock retail funds,³ John Hancock Variable Insurance Trust, John Hancock Funds II, John Hancock Advisers, LLC, and John Hancock Investment Management Services, LLC (since 2005); Chief Compliance Officer, John Hancock Collateral Trust and John Hancock Exchange-Traded Fund Trust (since 2015).

The business address for all Trustees and Officers is 601 Congress Street, Boston, Massachusetts 02210-2805.

1	Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee's death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.
2	Member of the Audit Committee.
3	"John Hancock retail funds" comprises John Hancock Funds III and 36 other John Hancock funds consisting of 26 series of other John Hancock trusts and 10 closed-end funds.
4	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 42

More information

Trustees

James M. Oates, Chairperson
Steven R. Pruchansky, Vice Chairperson
Charles L. Bardelis*
James R. Boyle†
Craig Bromley†
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Theron S. Hoffman*
Deborah C. Jackson
Hassell H. McClellan
Gregory A. Russo
Warren A. Thomson†

Officers

Andrew G. Arnott
President

John J. Danello
Senior Vice President, Secretary,
and Chief Legal Officer

Francis V. Knox, Jr.
Chief Compliance Officer

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Investment advisor

John Hancock Advisers, LLC

Subadvisor

Wellington Management Company LLP

Principal distributor

John Hancock Funds, LLC

Custodian

Citibank. N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers, LLP

*Member of the Audit Committee
†Non-Independent Trustee

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

ANNUAL REPORT | JOHN HANCOCK INTERNATIONAL GROWTH FUND 43

John Hancock family of funds

Andrew G. Arnott

President and Chief Executive Officer
John Hancock Investments

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed
from the fund. Brokerage commissions will reduce returns.

John Hancock Investments

A trusted brand

A better way to invest

Results for investors

Our unique approach to asset management enables us to provide
a diverse set of investments backed by some of the world's best
managers, along with strong risk-adjusted returns across asset classes.

John Hancock Funds, LLC n Member FINRA, SIPC
601 Congress Street n Boston, MA 02210-2805
800-225-5291 n jhinvestments.com

This report is for the information of the shareholders of John Hancock International Growth Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF279521 87A 2/16
4/16

John Hancock

Global Shareholder Yield Fund

Annual report 2/29/16

A message to shareholders

Dear shareholder,

On behalf of everyone at John Hancock Investments, I'd like to take this opportunity to thank you for the continued trust you've placed in us.

Sincerely,

Andrew G. Arnott
President and Chief Executive Officer
John Hancock Investments

John Hancock
Global Shareholder Yield Fund

Table of contents

2 Your fund at a glance

4 Discussion of fund performance

8 A look at performance

10 Your expenses

12 Fund's investments

16 Financial statements

19 Financial highlights

26 Notes to financial statements

34 Auditor's report

35 Tax information

36 Trustees and Officers

40 More information

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 1

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks to provide a high level of income as its primary objective. Capital appreciation is a secondary investment objective.

AVERAGE ANNUAL TOTAL RETURNS AS OF 2/29/16(%)

The MSCI World Index (gross of foreign withholding tax on dividends) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 2

PERFORMANCE HIGHLIGHTS OVER THE LAST TWELVE MONTHS

A rough 12 months for global stocks

Many global equity indexes fell by more than 10% as declining commodity prices and slowing economic growth in many emerging markets led to heightened market volatility.

The fund held up better than its benchmark

The fund declined in value but outperformed its benchmark, the MSCI World Index, for the one-year period.

Utilities and consumer staples added value

The fund's holdings in utilities and consumer staples stocks (particularly those related to the tobacco industry) contributed the most to performance compared with the index.

SECTOR COMPOSITION AS OF 2/29/16 (%)

A note about risks

Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Liquidity—the extent to which a security may be sold or a derivative position closed without negatively affecting its market value, if at all—may be impaired by reduced trading volume, heightened volatility, rising interest rates, and other market conditions. Investments in higher-yielding, lower-rated securities include a higher risk of default. The value of a company's equity securities is subject to changes in the company's financial condition and overall market and economic conditions. Actively trading securities can increase transaction costs (thus lowering performance) and taxable distributions. Hedging, derivatives, and other strategic transactions may increase a fund's volatility and could produce disproportionate losses, potentially more than the fund's principal investment. Fund distributions generally depend on income from underlying investments and may vary or cease altogether in the future. Please see the fund's prospectus for additional risks.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 3

Discussion of fund performance

An interview with Portfolio Manager Eric L. Sappenfield, Epoch Investment Partners, Inc.

Eric L. Sappenfield
Portfolio Manager
Epoch

Can you give us an overview of the global equity markets over the past 12 months?

Many broad global stock indexes declined by more than 10% in an environment of elevated volatility. Slowing economic growth in China, the world's second-largest economy, put downward pressure on commodity prices and had a ripple effect on many emerging economies, especially those dependent on commodity exports. Many of the world's central banks remained accommodative, with some—such as the Bank of Japan (BoJ) and the European Central Bank (ECB)—dramatically increasing their economic stimulus efforts. Over the past 12 months, both the BoJ and ECB expanded their quantitative easing measures and cut certain key interest rates below zero.

The primary exception to the global trend of accommodative central banks was the U.S. Federal Reserve (Fed), which raised its short-term interest-rate target in December. The Fed's first rate hike since June 2006 ended seven years of near-zero interest rates.

Regionally, the U.S. equity market held up the best, reflecting the relative strength of the U.S. economy. Stocks in Europe and the Asia/Pacific region fell more broadly, while emerging markets suffered the largest declines.

How did the fund perform in this environment?

The fund declined for the reporting period, reflecting the broad weakness in many global equity markets; however, it held up better than its benchmark, the MSCI World Index. The fund's overall decline was mitigated by collecting a large portion of our return target in cash dividends. In addition, the fund benefited from owning a diversified portfolio of companies that focused on share buybacks and debt reduction while maintaining growth in free cash flow—revenue available to either distribute to shareholders or reinvest after current capital expenditures and tax obligations have been met. Finally, our risk management process aided results by limiting the influence of any single stock on the fund's overall level of shareholder yield.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 4

"Many broad global stock indexes declined by more than 10% in an environment of elevated volatility."

What stocks helped the fund outpace its benchmark during the reporting period?

The fund's holdings in the utilities sector, one of the largest sector weightings in the portfolio during the reporting period, helped the most. Three of the top five contributors to both absolute and relative performance came from the utilities sector—U.S. electric utilities TECO Energy, Inc. and WEC Energy Group, Inc. and Italian power grid company Terna Rete Elettrica Nazionale SpA. TECO agreed to be acquired at a premium by Canadian utility Emera, Inc. (not held in the portfolio) during the period, while both WEC Energy and Terna continued to generate solid cash flow growth and raised their dividends.

The consumer staples sector also contributed favorably to fund performance, led by tobacco stocks. Industry consolidation was one positive factor—Reynolds American, Inc., the fund's leading contributor for the reporting period, acquired Lorillard, Inc. (a fund holding at the time that we tendered in the acquisition) in mid-2015, creating the second-largest tobacco producer in the United States. In addition, the pricing power of tobacco companies allowed them to generate attractive levels of free cash flow, and they returned cash to shareholders through sizable and growing dividends. Along with Reynolds American, leading contributors in the portfolio included Philip Morris International, Inc. and Altria Group, Inc.

Shifting gears, what holdings detracted from fund performance compared with the benchmark?

The materials and energy sectors were hit hard by falling commodity prices, and the fund's holdings in these two sectors were no exception. The most significant detractors were energy company

TOP 10 HOLDINGS AS OF 2/29/16 (%)

BCE, Inc. 2.1

AT&T, Inc. 2.1

Philip Morris International, Inc. 2.1

Verizon Communications, Inc. 2.1

National Grid PLC 2.0

PPL Corp. 1.9

WEC Energy Group, Inc. 1.9

Welltower, Inc. 1.9

Muenchener Rueckversicherungs-Gesellschaft AG 1.8

Terna Rete Elettrica Nazionale SpA 1.7

TOTAL 19.6

As a percentage of net assets.

Cash and cash equivalents are not included.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 5

"The elevated market volatility presented us with a number of opportunities to improve the fund's shareholder yield."

Kinder Morgan, Inc. and fertilizer producer Potash Corp. of Saskatchewan, Inc. Shares of Kinder Morgan, the largest energy infrastructure company in the United States, tumbled as declining oil and natural gas prices put downward pressure on earnings, while Potash struggled with weaker demand and lower fertilizer prices. We eliminated both stocks from the portfolio during the reporting period.

TOP 10 COUNTRIES AS OF 2/29/16 (%)

United States 48.7

United Kingdom 13.4

France 7.1

Germany 6.5

Canada 5.7

Australia 3.2

Norway 2.9

Switzerland 2.7

Italy 1.7

Singapore 1.3

TOTAL 93.2

As a percentage of net assets.

Cash and cash equivalents are not included.

Two other notable detractors included British publishing company Pearson PLC and disk drive maker Seagate Technology PLC. Pearson lowered earnings guidance late in the period in response to weaker-than-expected college enrollment and policy-related headwinds, while slowing demand for PCs weighed on Seagate. Concerns about longer-term growth and dividend coverage led us to eliminate Pearson from the portfolio, but the fund still owns Seagate, which continues to deliver strong free cash flow and an attractive dividend.

What changes did you make to the portfolio during the reporting period?

The elevated market volatility presented us with a number of opportunities to improve the fund's shareholder yield. New holdings added to the portfolio during the reporting period included U.S. information technology services company Iron Mountain, Inc., U.S. power producer Entergy Corp., U.S. energy company Exxon Mobil Corp., chip maker Taiwan Semiconductor Manufacturing Company, Ltd., and German financial services provider Allianz SE.

We also closed out positions in a number of stocks during the reporting period. In addition to previously mentioned sales, we eliminated Swiss pharmaceutical firm Novartis AG, U.K. water utility United Utilities Group PLC, French utility Electricite de France SA, U.S. energy producer ConocoPhillips, and U.K. mining company Rio Tinto PLC.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 6

How was the fund positioned at the end of the period?

We continue to focus on individual companies that enhance shareholder value by growing free cash flows and returning them to shareholders in the form of dividends, share buybacks, and debt reduction. Based on our investment decision-making process, the largest sector weightings in the portfolio at the end of the period were telecommunication services, financials, and utilities. In contrast, the consumer discretionary and materials sectors were the smallest weightings in the portfolio.

The broad-based expansion of valuations that drove outsized market gains in 2012-2014 was not present over the past year. Certainly, the loss of economic momentum in China—which has been responsible for nearly half of the world's growth since 2009—casts a long shadow. Growing debt accumulation is another headwind for economies and equity markets around the globe.

In our view, profitability will be challenged in a world where revenue growth is hard to come by. Consequently, we believe the ability to consistently generate free cash flow and properly deploy that cash flow will differentiate the winners from the losers.

MANAGED BY

Eric L. Sappenfield
On the fund since inception
Investing since 1986

William W. Priest, CFA, CPA
On the fund since inception
Investing since 1965

John Tobin, Ph.D., CFA
On the fund since 2014
Investing since 1981

Kera Van Valen, CFA
On the fund since 2014
Investing since 2001

Michael A. Welhoelter, CFA
On the fund since inception
Investing since 1986

The views expressed in this report are exclusively those of Eric L. Sappenfield, Epoch Investment Partners, Inc., and are subject to change. They are not meant as investment advice. Please note that the holdings discussed in this report may not have been held by the fund for the entire period. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 7

A look at performance

TOTAL RETURNS FOR THE PERIOD ENDED FEBRUARY 29, 2016

Average annual total returns (%)
with maximum sales charge Cumulative total returns (%)
with maximum sales charge SEC 30-day
yield (%)
subsidized SEC 30-day
yield (%)
unsubsidized¹

1-year 5-year Since
inception 5-year Since
inception as of
2-29-16 as of
2-29-16

Class A -13.91 5.33 3.69 ² 29.62 38.50 ² 2.60 2.59

Class B -14.29 5.32 3.53 ² 29.58 36.70 ² 2.07 2.07

Class C -10.86 5.67 3.56 ² 31.77 37.04 ² 2.07 2.07

Class I³ -9.13 6.80 4.72 ² 38.96 51.45 ² 3.04 3.03

Class R2^3,4 -9.51 6.04 3.42 ² 34.05 35.37 ² 2.68 2.64

Class R6^3,4 -8.94 6.89 4.73 ² 39.54 51.62 ² 3.14 3.12

Class NAV³ -9.03 6.91 5.42 ⁵ 39.64 51.24 ⁵ 3.15 3.15

Index^† -10.49 5.51 3.14 ² 30.75 32.07 ² — —

Performance figures assume all distributions have been reinvested. Figures reflect maximum sales charges on Class A shares of 5%, and the applicable contingent deferred sales charge (CDSC) on Class B and Class C shares. The Class B shares' CDSC declines annually between years 1 to 6 according to the following schedule: 5%, 4%, 3%, 3%, 2%, and 1%. No sales charge will be assessed after the sixth year. Class C shares sold within one year of purchase are subject to a 1% CDSC. Sales charges are not applicable to Class I, Class R2, Class R6, and Class NAV shares.

Class A Class B Class C Class I Class R2 Class R6 Class NAV

Gross (%) 1.28 1.98 1.98 0.97 1.38 0.87 0.85

Net (%) 1.28 1.98 1.98 0.97 1.38 0.85 0.85

Please refer to the most recent prospectus and annual or semiannual report for more information on expenses and any expense limitation arrangements for each class.

†	Index is the MSCI World Index.

See the following page for footnotes.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 8

This chart and table show what happened to a hypothetical $10,000 investment in John Hancock Global Shareholder Yield Fund for the share classes and periods indicated, assuming all distributions were reinvested. For comparison, we've shown the same investment in the MSCI World Index.

Start date With maximum
sales charge ($) Without
sales charge ($) Index ($)

Class B⁶ 3-1-07 13,670 13,670 13,207

Class C⁶ 3-1-07 13,704 13,704 13,207

Class I³ 3-1-07 15,145 15,145 13,207

Class R2^3,4 3-1-07 13,537 13,537 13,207

Class R6^3,4 3-1-07 15,162 15,162 13,207

Class NAV³ 4-28-08 15,124 15,124 12,617

It is not possible to invest directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.

Footnotes related to performance pages

1	Unsubsidized yields reflect what the yield would have been without the effect of reimbursements and waivers.
2	From 3-1-07.
3	For certain types of investors, as described in the fund's prospectuses.
4	Class R2 and Class R6 shares were first offered 3-1-12 and 9-1-11, respectively. The returns prior to these dates are those of Class A shares that have been recalculated to apply the gross fees and expenses of Class R2 and Class R6 shares, as applicable.
5	From 4-28-08.
6	The contingent deferred sales charge is not applicable.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 9

Your expenses

These examples are intended to help you understand your ongoing operating expenses of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds.

Understanding fund expenses

As a shareholder of the fund, you incur two types of costs:

•	Transaction costs, which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.
•	Ongoing operating expenses, including management fees, distribution and service fees (if applicable), and other fund expenses.

We are presenting only your ongoing operating expenses here.

Actual expenses/actual returns

Beginning
Account value
on 9-1-2015 Ending value
on 2-29-2016 Expenses paid
during period
ended 2-29-2016¹ Annualized
expense ratio

Class A $1,000.00 $991.30 $6.39 1.29%

Class B 1,000.00 988.20 9.84 1.99%

Class C 1,000.00 988.50 9.84 1.99%

Class I 1,000.00 993.90 4.81 0.97%

Class R2 1,000.00 991.30 6.83 1.38%

Class R6 1,000.00 994.60 4.26 0.86%

Class NAV 1,000.00 993.60 4.26 0.86%

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 10

Hypothetical example for comparison purposes

Beginning
Account value
on 9-1-2015 Ending value
on 2-29-2016 Expenses paid
during period
ended 2-29-2016¹ Annualized
expense ratio

Class A $1,000.00 $1,018.40 $6.47 1.29%

Class B 1,000.00 1,015.00 9.97 1.99%

Class C 1,000.00 1,015.00 9.97 1.99%

Class I 1,000.00 1,020.00 4.87 0.97%

Class R2 1,000.00 1,018.00 6.92 1.38%

Class R6 1,000.00 1,020.60 4.32 0.86%

Class NAV 1,000.00 1,020.60 4.32 0.86%

1	Expenses are equal to the fund's annualized expense ratio multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 11

Fund's investments

As of 2-29-16

Shares Value

Common stocks 96.9% $2,061,243,668

(Cost $1,917,162,078)

Australia 3.2% 68,553,594

Commonwealth Bank of Australia 264,330 13,186,662

Sonic Healthcare, Ltd. 841,090 11,049,885

Telstra Corp., Ltd. 6,938,530 25,936,982

Westpac Banking Corp. 898,659 18,380,065

Canada 5.7% 121,436,558

Agrium, Inc. 146,350 12,575,856

BCE, Inc. 1,053,550 45,505,885

Rogers Communications, Inc., Class B 961,040 35,571,976

Shaw Communications, Inc., Class B 762,750 13,208,598

TELUS Corp. 500,354 14,574,243

France 7.1% 151,325,821

AXA SA 674,000 14,818,992

Sanofi 135,895 10,768,136

SCOR SE 766,500 26,808,306

Total SA 680,610 30,505,390

Unibail-Rodamco SE 112,365 27,956,788

Vinci SA 385,160 26,603,617

Vivendi SA 668,388 13,864,592

Germany 6.5% 138,454,112

Allianz SE 108,530 16,098,011

BASF SE 284,160 18,424,448

Daimler AG 253,950 17,278,122

Deutsche Post AG 531,510 12,601,189

Deutsche Telekom AG 945,865 15,821,550

Muenchener Rueckversicherungs-Gesellschaft AG 192,610 37,808,742

Siemens AG 220,910 20,422,050

Italy 1.7% 36,785,633

Terna Rete Elettrica Nazionale SpA 7,069,710 36,785,633

Netherlands 1.3% 27,048,548

Royal Dutch Shell PLC, ADR, Class A 594,735 27,048,548

Norway 2.9% 61,362,274

Orkla ASA 2,285,430 18,852,867

Statoil ASA 2,022,970 29,448,863

Yara International ASA 337,030 13,060,544

Singapore 1.3% 27,586,771

Singapore Exchange, Ltd. 2,484,651 12,826,996

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 12

Shares Value

Singapore (continued)

Singapore Telecommunications, Ltd. 5,572,483 $14,759,775

Spain 0.6% 13,382,409

Gas Natural SDG SA 768,470 13,382,409

Sweden 0.9% 19,640,837

Svenska Handelsbanken AB, A Shares 1,535,895 19,640,837

Switzerland 2.7% 57,412,780

Nestle SA 175,560 12,277,084

Roche Holding AG 59,455 15,245,174

Swisscom AG 61,343 29,890,522

Taiwan 0.9% 18,740,619

Taiwan Semiconductor Manufacturing Company, Ltd., ADR 795,780 18,740,619

United Kingdom 13.4% 283,909,423

AstraZeneca PLC, ADR 956,280 27,416,548

BAE Systems PLC 3,934,670 27,894,187

British American Tobacco PLC 526,760 28,657,910

Diageo PLC 599,400 15,404,769

GlaxoSmithKline PLC 1,571,810 30,461,697

Imperial Tobacco Group PLC 682,535 35,229,517

National Grid PLC 3,140,770 41,947,389

SSE PLC 1,058,235 20,269,211

Unilever PLC 474,795 20,284,403

Vodafone Group PLC 11,983,212 36,343,792

United States 48.7% 1,035,604,289

AbbVie, Inc. 310,555 16,959,409

Altria Group, Inc. 553,225 34,062,063

Ameren Corp. 561,685 26,371,111

Arthur J. Gallagher & Company 269,080 10,722,838

AT&T, Inc. 1,228,120 45,379,034

Automatic Data Processing, Inc. 169,970 14,394,759

California Resources Corp. 39,490 22,197

CenturyLink, Inc. 1,068,610 32,688,780

CME Group, Inc. 186,900 17,090,136

Corrections Corp. of America 813,785 23,542,800

Duke Energy Corp. 487,098 36,181,639

Eaton Corp. PLC 275,900 15,646,289

Emerson Electric Company 307,720 15,025,968

Entergy Corp. 423,830 30,604,764

Enterprise Products Partners LP 534,330 12,487,292

Exxon Mobil Corp. 231,285 18,537,493

Iron Mountain, Inc. 1,024,210 30,091,290

Johnson & Johnson 135,885 14,296,461

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 13

Shares Value

United States (continued)

Kimberly-Clark Corp. 192,590 $25,094,477

Lockheed Martin Corp. 82,110 17,718,517

McDonald's Corp. 247,310 28,982,259

Merck & Company, Inc. 299,260 15,025,845

Microchip Technology, Inc. 354,010 15,749,905

Microsoft Corp. 273,740 13,927,891

Occidental Petroleum Corp. 420,105 28,911,626

People's United Financial, Inc. 1,019,540 14,895,479

PepsiCo, Inc. 144,480 14,133,034

Pfizer, Inc. 416,310 12,351,918

Philip Morris International, Inc. 485,210 44,168,666

PPL Corp. 1,167,720 40,858,523

Regal Entertainment Group, Class A 826,930 16,282,252

Reynolds American, Inc. 706,144 35,610,842

RR Donnelley & Sons Company 1,235,730 18,758,381

Seagate Technology PLC 584,325 18,324,432

TECO Energy, Inc. 598,490 16,440,520

Texas Instruments, Inc. 349,280 18,518,826

The Coca-Cola Company 309,620 13,353,911

The Dow Chemical Company 502,205 24,412,185

The Procter & Gamble Company 208,595 16,748,093

The Southern Company 374,750 18,055,455

United Parcel Service, Inc., Class B 166,600 16,085,230

Verizon Communications, Inc. 868,499 44,058,954

Waste Management, Inc. 281,360 15,713,956

WEC Energy Group, Inc. 722,176 40,694,618

Wells Fargo & Company 362,500 17,008,500

Welltower, Inc. 621,130 39,615,671

Yield (%) Shares Value

Short-term investments 2.7% $57,322,877

(Cost $57,322,877)

Money market funds 2.7% 57,322,877

Fidelity Institutional Money Market Government Portfolio 0.2100(Y ) 57,322,877 57,322,877

Total investments (Cost $1,974,484,955)† 99.6% $2,118,566,545

Other assets and liabilities, net 0.4% $8,817,529

Total net assets 100.0% $2,127,384,074

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 14

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.

Key to Security Abbreviations and Legend

ADR American Depositary Receipts

(Y) The rate shown is the annualized seven-day yield as of 2-29-16.

† At 2-29-16, the aggregate cost of investment securities for federal income tax purposes was $1,982,296,423. Net unrealized appreciation aggregated to $136,270,122, of which $275,194,221 related to appreciated investment securities and $138,924,099 related to depreciated investment securities.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 15

Financial statements

STATEMENT OF ASSETS AND LIABILITIES 2-29-16

Assets

Investments, at value (Cost $1,974,484,955) 2,118,566,545

Foreign currency, at value (Cost $155,271) 153,421

Receivable for fund shares sold 4,624,466

Dividends and interest receivable 9,923,172

Other receivables and prepaid expenses 84,737

Total assets 2,133,352,341

Liabilities

Payable for fund shares repurchased 5,391,985

Payable to affiliates

Accounting and legal services fees 57,619

Transfer agent fees 136,417

Distribution and service fees 388

Trustees' fees 1,421

Other liabilities and accrued expenses 380,437

Total liabilities 5,968,267

Net assets $2,127,384,074

Net assets consist of

Paid-in capital $2,088,061,543

Undistributed net investment income 10,644,321

Accumulated net realized gain (loss) on investments and foreign currency transactions (115,275,335 )

Net unrealized appreciation (depreciation) on investments and translation of assets and liabilities in foreign currencies 143,953,545

Net assets $2,127,384,074

Net asset value per share

Based on net asset values and shares outstanding - The fund has an unlimited number of shares authorized with no par value

Class A ($469,612,468 ÷ 47,475,315 shares)¹ $9.89

Class B ($11,975,727 ÷ 1,210,660 shares)¹ $9.89

Class C ($133,191,627 ÷ 13,458,932 shares)¹ $9.90

Class I ($956,618,340 ÷ 96,338,239 shares) $9.93

Class R2 ($899,523 ÷ 90,617 shares) $9.93

Class R6 ($888,083 ÷ 89,563 shares) $9.92

Class NAV ($554,198,306 ÷ 55,841,194 shares) $9.92

Maximum offering price per share

Class A (net assets value per share ÷ 95%)² $10.41

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 16

STATEMENT OF OPERATIONS For the year ended 2-29-16

Investment income

Dividends $111,017,390

Less foreign taxes withheld (5,692,623 )

Total investment income 105,324,767

Expenses

Investment management fees 19,519,728

Distribution and service fees 3,291,585

Accounting and legal services fees 335,070

Transfer agent fees 2,100,029

Trustees' fees 34,352

State registration fees 205,968

Printing and postage 182,750

Professional fees 205,659

Custodian fees 485,451

Registration and filing fees 33,972

Other 74,142

Total expenses 26,468,706

Less expense reductions (194,887 )

Net expenses 26,273,819

Net investment income 79,050,948

Realized and unrealized gain (loss)

Net realized gain (loss) on

Investments and foreign currency transactions (19,547,888 )

(19,547,888 )

Change in net unrealized appreciation (depreciation) of

Investments and translation of assets and liabilities in foreign currencies (304,309,620 )

(304,309,620 )

Net realized and unrealized loss (323,857,508 )

Decrease in net assets from operations ($244,806,560 )

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 17

STATEMENTS OF CHANGES IN NET ASSETS

Year ended 2-29-16 Year ended 2-28-15

Increase (decrease) in net assets

From operations

Net investment income $79,050,948 $78,990,253

Net realized gain (loss) (19,547,888 ) 61,397,066

Change in net unrealized appreciation (depreciation) (304,309,620 ) 48,574,230

Increase (decrease) in net assets resulting from operations (244,806,560 ) 188,961,549

Distributions to shareholders

From net investment income

Class A (15,908,865 ) (20,928,672 )

Class B (312,238 ) (486,696 )

Class C (3,515,222 ) (4,343,243 )

Class I (36,220,453 ) (42,929,623 )

Class R2 (33,565 ) (29,513 )

Class R6 (29,367 ) (12,521 )

Class NAV (21,679,609 ) (27,036,853 )

From net realized gain

Class A (22,412,725 ) (19,485,409 )

Class B (586,723 ) (590,390 )

Class C (6,495,421 ) (5,577,950 )

Class I (44,789,082 ) (42,201,354 )

Class R2 (48,929 ) (36,286 )

Class R6 (42,665 ) (12,656 )

Class NAV (27,209,972 ) (24,485,458 )

Total distributions (179,284,836 ) (188,156,624 )

From fund share transactions (154,387,828 ) 461,724,827

Total increase (decrease) (578,479,224 ) 462,529,752

Net assets

Beginning of year 2,705,863,298 2,243,333,546

End of year $2,127,384,074 $2,705,863,298

Undistributed net investment income $10,644,321 $7,541,308

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 18

Financial highlights

Class A Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $11.78 $11.74 $10.46 $9.81 $9.50

Net investment income¹ 0.33 0.36 0.45 ² 0.29 0.26

Net realized and unrealized gain (loss) on investments (1.42 ) 0.55 1.57 0.63 0.29

Total from investment operations (1.09 ) 0.91 2.02 0.92 0.55

Less distributions

From net investment income (0.32 ) (0.44 ) (0.31 ) (0.27 ) (0.24 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) — —

Total distributions (0.80 ) (0.87 ) (0.74 ) (0.27 ) (0.24 )

Net asset value, end of period $9.89 $11.78 $11.74 $10.46 $9.81

Total return (%)^3,4 (9.38 ) 8.10 19.85 9.66 5.98

Ratios and supplemental data

Net assets, end of period (in millions) $470 $580 $553 $276 $215

Ratios (as a percentage of average net assets):

Expenses before reductions 1.29 1.33 1.34 1.43 1.53

Expenses including reductions 1.28 1.32 1.34 1.42 1.42

Net investment income 3.03 2.99 4.01 ² 2.92 2.78

Portfolio turnover (%) 33 23 40 21 19

1 Based on average daily shares outstanding.

2 Net Investment income per share and the percentage of average net assets reflects special dividends received by the fund, which amounted to $0.08 and 0.72%, respectively.

3 Does not reflect the effect of sales charges, if any.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 19

Class B Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $11.78 $11.74 $10.46 $9.81 $9.49

Net investment income¹ 0.25 0.27 0.35 ² 0.22 0.20

Net realized and unrealized gain (loss) on investments (1.42 ) 0.55 1.58 0.64 0.29

Total from investment operations (1.17 ) 0.82 1.93 0.86 0.49

Less distributions

From net investment income (0.24 ) (0.35 ) (0.22 ) (0.21 ) (0.17 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) — —

Total distributions (0.72 ) (0.78 ) (0.65 ) (0.21 ) (0.17 )

Net asset value, end of period $9.89 $11.78 $11.74 $10.46 $9.81

Total return (%)^3,4 (10.10 ) 7.26 18.95 8.90 5.33

Ratios and supplemental data

Net assets, end of period (in millions) $12 $17 $17 $11 $8

Ratios (as a percentage of average net assets):

Expenses before reductions 2.02 2.10 2.15 2.29 2.54

Expenses including reductions 2.02 2.10 2.12 2.12 2.11

Net investment income 2.31 2.24 3.11 ² 2.21 2.17

Portfolio turnover (%) 33 23 40 21 19

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 20

Class C Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $11.79 $11.74 $10.46 $9.81 $9.50

Net investment income¹ 0.25 0.27 0.36 ² 0.22 0.20

Net realized and unrealized gain (loss) on investments (1.41 ) 0.56 1.58 0.64 0.28

Total from investment operations (1.16 ) 0.83 1.94 0.86 0.48

Less distributions

From net investment income (0.25 ) (0.35 ) (0.23 ) (0.21 ) (0.17 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) — —

Total distributions (0.73 ) (0.78 ) (0.66 ) (0.21 ) (0.17 )

Net asset value, end of period $9.90 $11.79 $11.74 $10.46 $9.81

Total return (%)^3,4 (10.02 ) 7.42 18.97 8.90 5.22

Ratios and supplemental data

Net assets, end of period (in millions) $133 $168 $127 $65 $45

Ratios (as a percentage of average net assets):

Expenses before reductions 1.99 2.03 2.05 2.15 2.29

Expenses including reductions 1.98 2.02 2.05 2.12 2.11

Net investment income 2.33 2.24 3.22 ² 2.22 2.13

Portfolio turnover (%) 33 23 40 21 19

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 21

Class I Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $11.83 $11.78 $10.49 $9.84 $9.53

Net investment income¹ 0.37 0.39 0.47 ² 0.31 0.32

Net realized and unrealized gain (loss) on investments (1.43 ) 0.56 1.59 0.65 0.27

Total from investment operations (1.06 ) 0.95 2.06 0.96 0.59

Less distributions

From net investment income (0.36 ) (0.47 ) (0.34 ) (0.31 ) (0.28 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) — —

Total distributions (0.84 ) (0.90 ) (0.77 ) (0.31 ) (0.28 )

Net asset value, end of period $9.93 $11.83 $11.78 $10.49 $9.84

Total return (%)³ (9.13 ) 8.50 20.28 10.07 6.45

Ratios and supplemental data

Net assets, end of period (in millions) $957 $1,242 $893 $641 $249

Ratios (as a percentage of average net assets):

Expenses before reductions 0.97 1.01 1.01 1.05 1.12

Expenses including reductions 0.97 1.00 1.01 1.03 0.97

Net investment income 3.37 3.24 4.19 ² 3.10 3.43

Portfolio turnover (%) 33 23 40 21 19

1 Based on average daily shares outstanding.

2 Net Investment income per share and the percentage of average net assets reflects special dividends received by the fund, which amounted to $0.08 and 0.72%, respectively.

3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 22

Class R2 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 ¹

Per share operating performance

Net asset value, beginning of period $11.82 $11.78 $10.49 $9.84

Net investment income² 0.32 0.31 0.50 ³ 0.29

Net realized and unrealized gain (loss) on investments (1.43 ) 0.58 1.52 0.63

Total from investment operations (1.11 ) 0.89 2.02 0.92

Less distributions

From net investment income (0.30 ) (0.42 ) (0.30 ) (0.27 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) —

Total distributions (0.78 ) (0.85 ) (0.73 ) (0.27 )

Net asset value, end of period $9.93 $11.82 $11.78 $10.49

Total return (%)⁴ (9.51 ) 7.93 19.78 9.58

Ratios and supplemental data

Net assets, end of period (in millions) $1 $1 $1 — ⁵

Ratios (as a percentage of average net assets):

Expenses before reductions 1.86 3.22 8.52 19.42

Expenses including reductions 1.43 1.47 1.47 1.47

Net investment income 2.92 2.66 4.38 ³ 2.91

Portfolio turnover (%) 33 23 40 21

1 The inception date for Class R2 shares is 3-1-12.

2 Based on average daily shares outstanding.

3 Net Investment income per share and the percentage of average net assets reflects special dividends received by the fund, which amounted to $0.08 and 0.72%, respectively.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

5 Less than $500,000.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 23

Class R6 Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12 ¹

Per share operating performance

Net asset value, beginning of period $11.81 $11.77 $10.49 $9.84 $9.29

Net investment income² 0.38 0.39 0.48 ³ 0.33 0.13

Net realized and unrealized gain (loss) on investments (1.42 ) 0.57 1.58 0.64 0.52

Total from investment operations (1.04 ) 0.96 2.06 0.97 0.65

Less distributions

From net investment income (0.37 ) (0.49 ) (0.35 ) (0.32 ) (0.10 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) — —

Total distributions (0.85 ) (0.92 ) (0.78 ) (0.32 ) (0.10 )

Net asset value, end of period $9.92 $11.81 $11.77 $10.49 $9.84

Total return (%)⁴ (8.94 ) 8.56 20.29 10.12 7.12 ⁵

Ratios and supplemental data

Net assets, end of period (in millions) $1 — ⁶ — ⁶ — ⁶ — ⁶

Ratios (as a percentage of average net assets):

Expenses before reductions 1.45 6.51 10.30 10.38 15.93 ⁷

Expenses including reductions 0.85 0.87 0.97 0.97 0.97 ⁷

Net investment income 3.48 3.32 4.26 ³ 3.29 2.82 ⁷

Portfolio turnover (%) 33 23 40 21 19 ⁸

1 The inception date for Class R6 shares is 9-1-11.

2 Based on average daily shares outstanding.

3 Net Investment income per share and the percentage of average net assets reflects special dividends received by the fund, which amounted to $0.08 and 0.72%, respectively.

4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

5 Not annualized.

6 Less than $500,000.

7 Annualized.

8 The portfolio turnover is shown for the period from 3-1-11 to 2-29-12.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 24

Class NAV Shares Period ended 2-29-16 2-28-15 2-28-14 2-28-13 2-29-12

Per share operating performance

Net asset value, beginning of period $11.82 $11.78 $10.49 $9.84 $9.53

Net investment income¹ 0.37 0.41 0.49 ² 0.35 0.29

Net realized and unrealized gain (loss) on investments (1.42 ) 0.55 1.59 0.62 0.31

Total from investment operations (1.05 ) 0.96 2.08 0.97 0.60

Less distributions

From net investment income (0.37 ) (0.49 ) (0.36 ) (0.32 ) (0.29 )

From net realized gain (0.48 ) (0.43 ) (0.43 ) — —

Total distributions (0.85 ) (0.92 ) (0.79 ) (0.32 ) (0.29 )

Net asset value, end of period $9.92 $11.82 $11.78 $10.49 $9.84

Total return (%)³ (9.03 ) 8.57 20.47 10.17 6.53

Ratios and supplemental data

Net assets, end of period (in millions) $554 $696 $653 $944 $1,019

Ratios (as a percentage of average net assets):

Expenses before reductions 0.86 0.88 0.88 0.90 0.99

Expenses including reductions 0.85 0.87 0.87 0.89 0.94

Net investment income 3.45 3.42 4.35 ² 3.56 3.11

Portfolio turnover (%) 33 23 40 21 19

1 Based on average daily shares outstanding.

2 Net Investment income per share and the percentage of average net assets reflects special dividends received by the fund, which amounted to $0.08 and 0.72%, respectively.

3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.

SEE NOTES TO FINANCIAL STATEMENTS

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 25

Notes to financial statements

Note 1 — Organization

John Hancock Global Shareholder Yield Fund (the fund) is a series of John Hancock Funds III (the Trust), an open-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act). The investment objective of the fund is to seek to provide a high level of income. Capital appreciation is a secondary investment objective.

The fund may offer multiple classes of shares. The shares currently offered are detailed in the Statement of assets and liabilities. Class A and Class C shares are offered to all investors. Class B shares are closed to new investors. Class I shares are offered to institutions and certain investors. Class R2 shares are available only to certain retirement plans. Class R6 shares are available only to certain retirement plans, institutions and other investors. Class NAV shares are offered to John Hancock affiliated funds of funds and certain 529 plans. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees, state registration fees and printing and postage for each class may differ. Class B shares convert to Class A shares eight years after purchase.

Note 2 — Significant accounting policies

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the NAV may be determined as of the regularly schedule close of the NYSE pursuant to the fund's Valuation Policies and Procedures. The time at which shares and transactions are priced and until which orders are accepted may vary to the extent permitted by the Securities and Exchange Commission and applicable regulations. In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are typically valued at the last sale price or official closing price on the exchange or principal market where the security was acquired or most likely will be sold. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective net asset values each business day. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing vendor. Securities that trade only in the over-the-counter (OTC) market are valued using bid prices. In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 26

The following is a summary of the values by input classification of the fund's investments as of February 29, 2016, by major security category or type:

Total
value at
2-29-16 Level 1
quoted
price Level 2
significant
observable
inputs Level 3
significant
unobservable
inputs

Common stocks

Australia $68,553,594 — $68,553,594 —

Canada 121,436,558 $121,436,558 — —

France 151,325,821 — 151,325,821 —

Germany 138,454,112 — 138,454,112 —

Italy 36,785,633 — 36,785,633 —

Netherlands 27,048,548 27,048,548 — —

Norway 61,362,274 — 61,362,274 —

Singapore 27,586,771 — 27,586,771 —

Spain 13,382,409 — 13,382,409 —

Sweden 19,640,837 — 19,640,837 —

Switzerland 57,412,780 — 57,412,780 —

Taiwan 18,740,619 18,740,619 — —

United Kingdom 283,909,423 27,416,548 256,492,875 —

United States 1,035,604,289 1,035,604,289 — —

Short-term investments 57,322,877 57,322,877 — —

Total investments in securities $2,118,566,545 $1,287,569,439 $830,997,106 —

Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily net asset value calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Dividend income is recorded on the ex-date, except for dividends of foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the fund becomes aware of the dividends. Distributions received on securities that represent a tax return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain if amounts are estimable. Foreign taxes are provided for based on the fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 27

The fund and other affiliated funds have entered into a syndicated line of credit agreement, with Citibank, N.A. (Citibank) as the administrative agent, that enables them to participate in a $750 million unsecured committed line of credit. Prior to June 30, 2015, the fund and other affiliated funds had an agreement with Citibank that enabled them to participate in a $300 million unsecured committed line of credit. A commitment fee, payable at the end of each calendar quarter, based on the average daily unused portion of the effective line of credit, is charged to each participating fund on a pro rata basis and is reflected in Other expenses on the Statement of operations. Commitment fees for the year ended February 29, 2016 were $4,006. For the year ended February 29, 2016, the fund had no borrowings under either line of credit.

Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the fund level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, state registration fees and printing and postage, for all classes, are calculated daily at the class level based on the net assets of each class and the specific expense rates applicable to each class. Through June 30, 2015, class-specific expenses, such as state registration fees and printing and postage, for all classes were calculated daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.

For federal income tax purposes, net capital losses of $107,463,867 that are the result of security transactions occurring after October 31, 2015, are treated as occurring on March 1, 2016, the first day of the fund's next taxable year.

Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The fund typically declares and pays dividends quarterly. Capital gain distributions, if any, at least annually.

The tax character of distributions for the years ended February 29, 2016 and February 28, 2015 was as follows:

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 28

February 28, 2016 February 28, 2015

Ordinary Income $77,699,319 $95,767,121

Long-Term Capital Gain 101,585,517 92,389,503

Total $179,284,836 $188,156,624

Note 3 — Guarantees and indemnifications

Note 4 — Fees and transactions with affiliates

Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor, equivalent on an annual basis to the sum of 0.800% of average daily net assets. The Advisor has a subadvisory agreement with Epoch Investment Partners, Inc. The fund is not responsible for payment of the subadvisory fees.

The Advisor has contractually agreed to waive all or a portion of its management fee and/or reimburse or pay operating expenses of the fund to the extent necessary to maintain the fund's total operating expenses at 1.47% for Class R2 shares, excluding certain expenses such as taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund's business, acquired fund fees and short dividend expense. The expense limitation expires on June 30, 2016, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at the time. Prior to July 1, 2015, Class R6 shares had waivers and/or reimbursement such that expenses would not exceed 0.97% for Class R6 shares.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 29

Effective September 1, 2015, the Advisor voluntarily agrees to reduce its management fee or, if necessary, make payment to Class R2 shares of the fund, in an amount equal to the amount by which the expenses of Class R2 shares exceed 1.38% of the average annual net assets (on an annualized basis) attributable to the class. For purposes of this agreement, "expenses of the fund" means all the expenses of the share class (including fund expenses attributable to the class), excluding: (a) taxes; (b) brokerage commissions; (c) interest expense; (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the fund's business; (e) acquired fund fees and expenses paid indirectly; (f) borrowing costs; (g) prime brokerage fees; and (h) short dividend expense. This agreement will continue in effect until terminated at any time by the Advisor on notice to the fund.

The expense reductions described above amounted to the following for the year ended February 29, 2016:

Class Expense reductions Class Expense reductions

Class A $40,289 Class R2 $4,914

Class B 1,079 Class R6 5,387

Class C 11,715 Class NAV 48,178

Class I 83,325 Total $194,887

The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the year ended February 29, 2016 were equivalent to a net annual effective rate of 0.79% of the fund's average daily net assets.

Distribution and service plans. The fund has a distribution agreement with the Distributor. The fund has adopted distribution and service plans with respect to Class A, Class B, Class C and Class R2 shares pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the fund. In addition, under a service plan for Class R2 shares, the fund pays for certain other services. The fund may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the fund's shares:

Class Rule 12b-1 fee Service fee

Class A 0.30% —

Class B 1.00% —

Class C 1.00% —

Class R2 0.25% 0.25%

Sales charges. Class A shares are assessed up-front sales charges, which resulted in payments to the Distributor amounting to $3,028,331 for the year ended February 29, 2016. Of this amount, $521,421 was retained and used for

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 30

printing prospectuses, advertising, sales literature and other purposes, $2,501,723 was paid as sales commissions to broker-dealers and $5,187 was paid as sales commissions to sales personnel of Signator Investors, Inc., a broker-dealer affiliate of the Advisor.

Class level expenses. Class level expenses for the year ended February 29, 2016 were:

Class Distribution and service fees Transfer agent fees State registration fees Printing and postage

Class A $1,596,454 $667,973 $18,682 $18,279

Class B 142,483 17,893 5,175 465

Class C 1,547,063 194,199 8,046 3,479

Class I — 1,219,640 24,944 31,112

Class R2 5,585 181 5,563 62

Class R6 — 143 5,119 56

Total $3,291,585 $2,100,029 $67,529 $53,453

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 31

Note 5 — Fund share transactions

Transactions in fund shares for the years ended February 29, 2016 and February 28, 2015 were as follows:

Year ended 2-29-16 Year ended 2-28-15

Shares Amount Shares Amount

Class A shares

Sold 12,988,813 $141,830,521 20,719,507 $248,267,051

Distributions reinvested 3,650,890 37,774,679 3,469,242 39,825,466

Repurchased (18,406,136 ) (198,023,915 ) (22,029,303 ) (258,739,581 )

Net increase (decrease) (1,766,433 ) ($18,418,715 ) 2,159,446 $29,352,936

Class B shares

Sold 37,856 $406,269 166,047 $1,961,689

Distributions reinvested 69,139 713,045 74,877 856,685

Repurchased (307,309 ) (3,306,303 ) (238,338 ) (2,849,017 )

Net increase (decrease) (200,314 ) ($2,186,989 ) 2,586 ($30,643 )

Class C shares

Sold 2,552,507 $28,296,220 4,752,670 $56,729,485

Distributions reinvested 902,501 9,313,786 781,411 8,933,617

Repurchased (4,277,843 ) (45,937,158 ) (2,090,014 ) (24,867,403 )

Net increase (decrease) (822,835 ) ($8,327,152 ) 3,444,067 $40,795,699

Class I shares

Sold 25,978,642 $282,688,478 44,841,443 $538,638,175

Distributions reinvested 7,630,235 79,403,301 7,155,019 82,144,457

Repurchased (42,313,928 ) (456,473,543 ) (22,743,540 ) (270,635,958 )

Net increase (decrease) (8,705,051 ) ($94,381,764 ) 29,252,922 $350,146,674

Class R2 shares

Sold 42,457 $455,553 75,096 $890,451

Distributions reinvested 7,751 80,387 4,971 56,777

Repurchased (73,045 ) (768,518 ) (11,879 ) (134,980 )

Net increase (decrease) (22,837 ) ($232,578 ) 68,188 $812,248

Class R6 shares

Sold 77,540 $867,395 16,700 $197,531

Distributions reinvested 6,783 69,824 1,336 15,272

Repurchased (29,617 ) (316,169 ) (2,266 ) (26,284 )

Net increase 54,706 $621,050 15,770 $186,519

Class NAV shares

Sold 918,471 $10,328,098 5,275,151 $63,578,517

Distributions reinvested 4,706,809 48,889,581 4,483,816 51,522,311

Repurchased (8,691,173 ) (90,679,359 ) (6,277,534 ) (74,639,434 )

Net increase (decrease) (3,065,893 ) ($31,461,680 ) 3,481,433 $40,461,394

Total net increase (decrease) (14,528,657 ) ($154,387,828 ) 38,424,412 $461,724,827

Affiliates of the fund owned 100% of shares of beneficial interest of Class NAV, respectively, on February 29, 2016.

Note 6 — Purchase and sale of securities

Purchases and sales of securities, other than short-term investments, amounted to $783,152,156 and $999,324,744, respectively, for the year ended February 29, 2016.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 32

Note 7 — Investment by affiliated funds

Certain investors in the fund are affiliated funds that are managed by the Advisor and its affiliates. The affiliated funds do not invest in the fund for the purpose of exercising management or control; however, this investment may represent a significant portion of the fund's net assets. At February 29, 2016, funds within the John Hancock group of funds complex held 25.9% of the fund's net assets. The following funds had an affiliate ownership of 5% or more of the fund's net assets:

Fund Affiliate concentration

John Hancock Funds II Lifestyle Growth Portfolio 8.4%

John Hancock Funds II Lifestyle Balanced Portfolio 8.0%

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 33

AUDITOR'S REPORT

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of John Hancock Funds III and Shareholders of John Hancock Global Shareholder Yield Fund:

In our opinion, the accompanying statement of assets and liabilities, including the fund's investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of John Hancock Global Shareholder Yield Fund (the "Fund") at February 29, 2016, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 29, 2016 by correspondence with the custodian, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Boston, Massachusetts

April 14, 2016

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 34

TAX INFORMATION

Unaudited

For federal income tax purposes, the following information is furnished with respect to the distributions of the fund, if any, paid during its taxable year ended February 29, 2016.

The fund reports the maximum amount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

The fund reports the maximum amount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

The fund paid $101,585,517 in capital gain dividends.

Eligible shareholders will be mailed a 2016 Form 1099-DIV in early 2017. This will reflect the tax character of all distributions paid in calendar year 2016.

Please consult a tax advisor regarding the tax consequences of your investment in the fund.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 35

Trustees and Officers

Independent Trustees

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 36

Independent Trustees (continued)

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 37

Independent Trustees (continued)

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

Non-Independent Trustees⁴

Name, year of birth
Position(s) held with fund
Principal occupation(s) and other
directorships during past 5 years Trustee
of the
Trust
since¹ Number of John
Hancock funds
overseen by
Trustee

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 38

Principal officers who are not Trustees

Name, year of birth
Position(s) held with fund
Principal occupation(s)
during past 5 years Officer
of the
Trust
since

The business address for all Trustees and Officers is 601 Congress Street, Boston, Massachusetts 02210-2805.

1	Each Trustee holds office until his or her successor is elected and qualified, or until the Trustee's death, retirement, resignation, or removal. Mr. Boyle has served as Trustee at various times prior to the date listed in the table.
2	Member of the Audit Committee.
3	"John Hancock retail funds" comprises John Hancock Funds III and 36 other John Hancock funds consisting of 26 series of other John Hancock trusts and 10 closed-end funds.
4	The Trustee is a Non-Independent Trustee due to current or former positions with the Advisor and certain affiliates.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 39

More information

Trustees

James M. Oates, Chairperson
Steven R. Pruchansky, Vice Chairperson
Charles L. Bardelis*
James R. Boyle†
Craig Bromley†
Peter S. Burgess*
William H. Cunningham
Grace K. Fey
Theron S. Hoffman*
Deborah C. Jackson
Hassell H. McClellan
Gregory A. Russo
Warren A. Thomson†

Officers

Andrew G. Arnott
President

John J. Danello
Senior Vice President, Secretary,
and Chief Legal Officer

Francis V. Knox, Jr.
Chief Compliance Officer

Charles A. Rizzo
Chief Financial Officer

Salvatore Schiavone
Treasurer

Investment advisor

John Hancock Advisers, LLC

Subadvisor

Epoch Investment Partners, Inc.

Principal distributor

John Hancock Funds, LLC

Custodian

Citibank, N.A.

Transfer agent

John Hancock Signature Services, Inc.

Legal counsel

K&L Gates LLP

Independent registered public accounting firm

PricewaterhouseCoopers, LLP

*Member of the Audit Committee
†Non-Independent Trustee

We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-225-5291.

ANNUAL REPORT | JOHN HANCOCK GLOBAL SHAREHOLDER YIELD FUND 40

John Hancock family of funds

Andrew G. Arnott

President and Chief Executive Officer
John Hancock Investments

John Hancock Multifactor ETF shares are bought and sold at market price (not NAV), and are not individually redeemed
from the fund. Brokerage commissions will reduce returns.

John Hancock Investments

A trusted brand

A better way to invest

Results for investors

Our unique approach to asset management enables us to provide
a diverse set of investments backed by some of the world's best
managers, along with strong risk-adjusted returns across asset classes.

John Hancock Funds, LLC n Member FINRA, SIPC
601 Congress Street n Boston, MA 02210-2805
800-225-5291 n jhinvestments.com

This report is for the information of the shareholders of John Hancock Global Shareholder Yield Fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF279518 320A 2/16
4/16

ITEM 2. CODE OF ETHICS.

As of the end of the year, February 29, 2016, 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 “Senior Financial Officers”). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Peter S. Burgess 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 the following for the fiscal years ended February 29, 2016 and February 28, 2015. These fees were billed to the registrant and were approved by the registrant’s audit committee.

Fund	February 29, 2016	February 28, 2015
John Hancock Global Shareholder Yield Fund	$ 39,846	$ 39,077
John Hancock International Growth Fund	51,418	39,355
John Hancock International Core Fund	50,267	44,943
Total	$ 141,531	$ 123,375

(b) Audit-Related Services

Audit-related service 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. In addition, amounts billed to control affiliates for service provider internal controls reviews were $103,474 and $103,940 for the fiscal years ended February 29, 2016 and February 28, 2015, respectively.

Fund	February 29, 2016	February 28, 2015
John Hancock Global Shareholder Yield Fund	$ 525	$ 519
John Hancock International Growth Fund	525	519
John Hancock International Core Fund	525	519
Total	$ 1,575	$ 1,557

The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning (“tax fees”) amounted to the following for the fiscal years ended February 29, 2016 and February 28, 2015. 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.

Fund	February 29, 2016	February 28, 2015
John Hancock Global Shareholder Yield Fund	$ 3,500	$ 3,450
John Hancock International Growth Fund	4,000	3,900
John Hancock International Core Fund	4,000	3,900
Total	$ 11,500	$ 11,250

(d) All Other Fees

The nature of the services comprising all other fees is attestation services surrounding new class launches and miscellaneous tax services. Other fees amounted to the following for the fiscal years ended February 29, 2016 and February 28, 2015 billed to the registrant or to the control affiliates.

Fund	February 29, 2016	February 28, 2015
John Hancock Global Shareholder Yield Fund	$ 1,704	$ 120
John Hancock International Growth Fund	9,804	120
John Hancock International Core Fund	1,704	120
Total	$ 13,212	$ 360

(e)(1) Audit Committee Pre-Approval Policies and Procedures:

The trust’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 trust+’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 February 29, 2016, 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 $6,260,177 for the fiscal year ended February 29, 2016 and $6,279,236 for the fiscal year ended February 28, 2015.

(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.

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:

Peter S. Burgess - Chairman

Charles L. Bardelis

Theron S. Hoffman

ITEM 6. SCHEDULE OF INVESTMENTS.

(a)

Not applicable.

(b)

Not applicable.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

The registrant has adopted procedures by which shareholders may recommend nominees to the registrant's Board of Trustees. A copy of the procedures is filed as an exhibit to this Form N-CSR. See attached “John Hancock Funds – Nominating, Governance and Administration Committee Charter”.

ITEM 11. 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 registrant's most recent fiscal half-year (the registrant's second fiscal half-year in the case of an annual report) that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 12. EXHIBITS.

(a)(1) Code of Ethics for Senior Financial Officers is attached.

(a)(2) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.

(b)(1) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.

(c)(1) Submission of Matters to a Vote of Security Holders is attached. See attached “John Hancock Funds – Nominating, Governance and Administration Committee Charter”.

(c)(2) Contact person at the registrant.

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 Funds III

By:	/s/ Andrew Arnott
	Andrew Arnott
	President


Date:	April 20, 2016

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/ Andrew Arnott
	Andrew Arnott
	President


Date:	April 20, 2016

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


Date:	April 20, 2016


Total SA	3.1
AstraZeneca PLC	2.6
Daimler AG	2.4
Allianz SE	2.2
KDDI Corp.	2.2
AXA SA	2.0
Swiss Re AG	2.0
Nippon Telegraph & Telephone Corp.	2.0
BASF SE	1.8
Sumitomo Mitsui Financial Group, Inc.	1.7
TOTAL	22.0
As a percentage of net assets.
Cash and cash equivalents are not included.


Japan	24.3
United Kingdom	15.0
Germany	11.3
France	10.0
Hong Kong	4.0
Switzerland	4.0
Canada	3.6
Australia	3.5
Italy	2.6
Netherlands	2.3
TOTAL	80.6
As a percentage of net assets.
Cash and cash equivalents are not included.


	David Cowan, Ph.D. On the fund since 2009 Investing since 2004
	Ben Inker, CFA On the fund since 2014 Investing since 1992
	Sam Wilderman, CFA On the fund since 2014 Investing since 1996
	Neil Constable, Ph.D. On the fund since 2015 Investing since 2003
	Chris Fortson On the fund since 2015 Investing since 2006


Average annual total returns (%) with maximum sales charge							Cumulative total returns (%) with maximum sales charge
	1-year	5-year	10-year		Since inception		5-year	10-year		Since inception
Class A	-23.32	-1.59	-0.01	¹	—		-7.68	-0.07	¹	—
Class B²	-23.89	-1.69	-0.23		—		-8.19	-2.26		—
Class C²	-20.68	-1.33	-0.22		—		-6.46	-2.21		—
Class I^2,3	-19.03	-0.20	0.94		—		-1.01	9.77		—
Class R1^2,3	-19.62	-0.94	0.22		—		-4.62	2.17		—
Class R2^2,3	-19.41	-0.94	-0.30		—		-4.60	-2.92		—
Class R3³	-19.54	-0.84	—		3.98	⁴	-4.13	—		30.26	⁴
Class R4³	-19.21	-0.48	—		4.34	⁴	-2.36	—		33.37	⁴
Class R5³	-19.03	-0.25	—		4.60	⁴	-1.23	—		35.65	⁴
Class R6^2,3	-18.94	-0.12	1.07		—		-0.58	11.24		—
Class 1³	-18.98	-0.12	—		-0.08	⁵	-0.60	—		-0.70	⁵
Class NAV³	-18.96	-0.08	—		0.33	⁶	-0.40	—		3.22	⁶
Index^†	-14.80	1.01	1.95		—		5.15	21.35		—


	Class A	Class B	Class C	Class I	Class R1	Class R2	Class R3	Class R4	Class R5	Class R6	Class 1	Class NAV
Gross (%)	1.40	2.10	2.10	1.08	1.74	1.49	1.64	1.34	1.04	0.99	1.02	0.97
Net (%)	1.38	2.10	2.10	1.08	1.74	1.49	1.64	1.24	1.04	0.97	1.02	0.97


	Start date	With maximum sales charge ($)	Without sales charge ($)	Index ($)
Class B^2,7	2-28-06	9,774	9,774	12,135
Class C^2,7	2-28-06	9,779	9,779	12,135
Class I^2,3	2-28-06	10,977	10,977	12,135
Class R1^2,3	2-28-06	10,217	10,217	12,135
Class R2^2,3	2-28-06	9,708	9,708	12,135
Class R3³	5-22-09	13,026	13,026	15,052
Class R4³	5-22-09	13,337	13,337	15,052
Class R5³	5-22-09	13,565	13,565	15,052
Class R6^2,3	2-28-06	11,124	11,124	12,135
Class 1³	11-6-06	9,930	9,930	10,789
Class NAV³	8-29-06	10,322	10,322	11,332


	Beginning Account value on 9-1-2015	Ending value on 2-29-2016	Expenses paid during period ended 2-29-2016¹	Annualized expense ratio
Class A	$1,000.00	$872.40	$6.42	1.38%
Class B	1,000.00	869.00	9.67	2.08%
Class C	1,000.00	869.40	9.67	2.08%
Class I	1,000.00	873.60	4.98	1.07%
Class R1	1,000.00	870.80	8.05	1.73%
Class R2	1,000.00	872.10	10.75	2.31%
Class R3	1,000.00	871.20	7.63	1.64%
Class R4	1,000.00	872.90	5.87	1.26%
Class R5	1,000.00	874.00	4.75	1.02%
Class R6	1,000.00	874.20	4.57	0.98%
Class 1	1,000.00	874.10	4.71	1.01%
Class NAV	1,000.00	874.20	4.47	0.96%


As of 2-29-16
	Shares	Value
Common stocks 92.3%		$1,492,103,100
(Cost $1,660,880,817)
Australia 3.5%		56,236,548
Abacus Property Group	126,328	260,853
Adelaide Brighton, Ltd.	441,097	1,554,376
ASX, Ltd.	39,039	1,168,295
Australia & New Zealand Banking Group, Ltd.	40,620	648,024
Bendigo & Adelaide Bank, Ltd.	25,593	155,880
BT Investment Management, Ltd.	16,278	105,808
BWP Trust	109,334	252,244
Challenger, Ltd.	25,760	137,794
Charter Hall Group	17,949	56,320
Charter Hall Retail REIT	78,825	241,889
CIMIC Group, Ltd.	36,628	822,536
Cromwell Property Group	454,062	328,466
Dexus Property Group	219,447	1,175,960
Downer EDI, Ltd.	604,249	1,430,813
Fairfax Media, Ltd.	2,094,909	1,147,654
Genworth Mortgage Insurance Australia, Ltd.	40,924	63,195
Goodman Group	381,274	1,759,169
Investa Office Fund	388,961	1,098,862
IOOF Holdings, Ltd. (L)	80,691	479,548
Lend Lease Group	153,264	1,420,735
Macquarie Group, Ltd.	73,828	3,372,833
Mirvac Group	919,748	1,197,276
Nine Entertainment Company Holdings, Ltd.	43,928	46,725
OZ Minerals, Ltd.	508,348	1,821,893
Perpetual, Ltd.	6,458	190,448
Premier Investments, Ltd.	4,208	39,458
Scentre Group	2,770,790	8,614,885
Seven West Media, Ltd.	96,764	67,782
Shopping Centres Australasia Property Group	22,793	36,830
Sonic Healthcare, Ltd.	43,597	572,759
South32, Ltd. (I)	445,790	396,671
Stockland	720,426	2,138,052
Suncorp Group, Ltd.	206,696	1,647,251
Telstra Corp., Ltd.	2,916,558	10,902,412
The GPT Group	478,680	1,676,309
The Star Entertainment Group, Ltd.	415,956	1,543,220
Thorn Group, Ltd.	203,265	258,050
Vicinity Centres	1,073,378	2,376,417


	Shares	Value
Australia (continued)
Westfield Corp. (I)	356,419	$2,534,870
Woodside Petroleum, Ltd.	108,153	1,943,471
WorleyParsons, Ltd. (L)	185,074	550,515
Austria 0.4%		6,989,337
Oesterreichische Post AG	31,263	1,122,044
OMV AG	137,880	3,618,181
UNIQA Insurance Group AG	2,379	14,411
voestalpine AG	77,409	2,234,701
Belgium 1.1%		18,229,004
Ageas	75,534	2,786,905
AGFA-Gevaert NV (I)	188,440	694,574
bpost SA	112,950	2,802,920
D'Ieteren SA	14,958	551,061
Delhaize Group	81,259	8,217,416
Mobistar SA (I)	10,836	225,345
Proximus	48,712	1,532,844
Umicore SA	31,429	1,417,939
Canada 4.9%		78,589,184
Air Canada (I)	343,900	1,835,150
Bank of Montreal	61,500	3,393,182
BCE, Inc.	99,200	4,284,736
Canadian Imperial Bank of Commerce	98,700	6,561,763
Canadian Tire Corp., Ltd., Class A	17,800	1,730,534
Celestica, Inc. (I)	25,100	258,421
CI Financial Corp.	85,500	1,893,891
Cogeco Communications, Inc.	2,000	93,762
Corus Entertainment, Inc., B Shares	7,000	55,669
Industrial Alliance Insurance & Financial Services, Inc.	17,000	456,977
Laurentian Bank of Canada	7,200	242,927
Linamar Corp.	17,100	746,940
Magna International, Inc.	150,000	5,820,399
Metro, Inc.	314,900	10,063,766
Power Corp. of Canada	69,300	1,505,854
RONA, Inc.	4,500	78,426
Royal Bank of Canada	104,000	5,309,150
Sun Life Financial, Inc.	146,800	4,376,875
Suncor Energy, Inc. (L)	323,200	7,902,037
Toromont Industries, Ltd.	14,200	333,642
Transcontinental, Inc., Class A	112,400	1,595,033
Valeant Pharmaceuticals International, Inc. (I)	304,712	20,050,050


	Shares	Value
China 0.1%		$1,725,893
Yangzijiang Shipbuilding Holdings, Ltd.	2,683,500	1,725,893
Colombia 0.0%		222,060
Pacific Exploration and Production Corp. (I)(L)	225,900	222,060
Denmark 1.2%		18,988,994
AP Moeller - Maersk A/S, Class B	2,918	3,834,847
Carlsberg A/S, B Shares	49,195	4,242,354
Novo Nordisk A/S, B Shares	171,379	8,823,391
Pandora A/S	12,531	1,581,888
Sydbank A/S	2,945	80,081
TDC A/S	100,507	426,433
Faroe Islands 0.1%		1,779,105
Bakkafrost P/F	49,795	1,779,105
Finland 1.1%		18,126,191
Fortum OYJ	163,050	2,160,424
Metso OYJ	14,684	324,277
Neste OYJ	124,940	3,911,386
Sampo OYJ, A Shares	61,474	2,765,307
Sponda OYJ	109,936	446,930
Stora Enso OYJ, R Shares	266,136	2,191,194
Tieto OYJ	63,726	1,664,362
UPM-Kymmene OYJ	275,619	4,662,311
France 10.0%		162,236,771
Alten SA	3,086	177,762
AXA SA	1,458,268	32,062,407
BNP Paribas SA	123,374	5,753,826
Carrefour SA	36,073	954,189
Casino Guichard Perrachon SA (L)	19,854	893,869
Christian Dior SE	56,839	9,995,363
Cie de Saint-Gobain	44,829	1,731,900
Cie Generale des Etablissements Michelin	70,435	6,353,679
CNP Assurances	32,133	475,201
Credit Agricole SA	7,784	81,351
Engie SA	15,918	246,354
Euler Hermes Group	2,992	247,743
LVMH Moet Hennessy Louis Vuitton SE	15,354	2,550,885
Mercialys SA	2,760	60,682
Metropole Television SA	63,817	1,069,154
Nexity SA	1,673	77,232
Orange SA	149,826	2,595,064
Rallye SA (L)	14,646	238,219


	Shares	Value
France (continued)
Renault SA	74,048	$6,752,040
Rexel SA	113,964	1,395,206
Sanofi	31,882	2,526,286
Schneider Electric SE	25,980	1,548,557
SCOR SE	123,901	4,333,432
Societe BIC SA	5,193	720,263
Societe Generale SA	177,610	6,237,871
Suez Environnement Company	121,853	2,104,886
Total SA (L)	1,118,845	50,147,372
Trigano SA	7,710	447,343
Valeo SA	24,319	3,362,177
Vinci SA	29,515	2,038,648
Vivendi SA	725,911	15,057,810
Germany 10.7%		172,738,508
ADVA Optical Networking SE (I)	119,463	1,234,578
Allianz SE	245,097	36,354,687
Amadeus Fire AG	3,258	228,815
Aurubis AG	34,004	1,534,323
BASF SE	461,110	29,897,583
Bayerische Motoren Werke AG	156,146	12,685,057
Bechtle AG	2,024	172,482
Daimler AG	562,879	38,296,879
Deutsche Beteiligungs AG	8,541	244,830
Deutsche EuroShop AG	1,004	42,320
Deutsche Lufthansa AG (I)	398,367	5,932,487
Deutsche Telekom AG	747,245	12,499,219
Evonik Industries AG	49,051	1,473,586
Freenet AG	49,459	1,469,413
Grand City Properties SA	8,439	175,224
Hannover Rueck SE	42,961	4,409,085
HeidelbergCement AG	29,894	2,186,849
K+S AG	140,929	2,945,866
Leoni AG	29,865	867,311
METRO AG	43,056	1,053,660
Muenchener Rueckversicherungs-Gesellschaft AG	45,365	8,905,008
ProSiebenSat.1 Media SE	145,527	7,438,352
Rheinmetall AG	6,591	468,123
Rhoen-Klinikum AG	24,476	722,990
Salzgitter AG	13,016	296,587
Software AG	15,791	556,695
STADA Arzneimittel AG	19,111	646,499


	Shares	Value
Hong Kong 4.0%		$64,557,812
BOC Hong Kong Holdings, Ltd.	2,102,500	5,462,715
Champion REIT	714,000	346,935
CK Hutchison Holdings, Ltd.	818,472	9,868,208
Dah Sing Banking Group, Ltd.	377,200	626,107
Dah Sing Financial Holdings, Ltd.	68,800	362,890
First Pacific Company, Ltd.	84,000	57,890
Hang Seng Bank, Ltd.	174,000	2,941,654
Henderson Land Development Company, Ltd.	186,000	1,004,276
HKT Trust & HKT, Ltd.	368,000	509,205
Hongkong Land Holdings, Ltd.	893,800	5,244,946
Hutchison Telecommunications Hong Kong Holdings, Ltd.	1,206,000	406,124
Hysan Development Company, Ltd.	668,000	2,644,417
Kerry Properties, Ltd.	856,000	2,007,739
Luk Fook Holdings International, Ltd.	211,000	418,024
Man Wah Holdings, Ltd.	289,200	341,757
Pacific Textiles Holdings, Ltd.	753,000	1,098,243
PCCW, Ltd.	1,209,000	767,795
Power Assets Holdings, Ltd.	98,500	932,889
Shun Tak Holdings, Ltd.	1,180,000	368,255
Sino Land Company, Ltd.	502,000	696,579
SJM Holdings, Ltd.	2,644,000	1,608,446
SmarTone Telecommunications Holdings, Ltd.	272,500	448,488
Sun Hung Kai Properties, Ltd.	734,589	8,234,980
Swire Pacific, Ltd., Class A	335,000	3,271,930
Swire Properties, Ltd.	129,000	331,471
Techtronic Industries Company, Ltd.	397,000	1,516,716
Television Broadcasts, Ltd.	122,700	482,637
Texwinca Holdings, Ltd.	360,000	342,579
The Bank of East Asia, Ltd.	87,000	275,944
The Link REIT	864,500	4,871,975
The Wharf Holdings, Ltd.	573,000	2,874,280
Value Partners Group, Ltd.	262,000	219,809
Wheelock & Company, Ltd.	678,000	2,675,817
Xinyi Glass Holdings, Ltd.	1,118,000	590,402
Yue Yuen Industrial Holdings, Ltd.	198,500	705,690
Isle of Man 0.1%		1,646,056
Playtech PLC	140,357	1,646,056
Israel 1.5%		23,675,326
Bank Hapoalim BM	533,197	2,604,654
Bank Leumi Le-Israel BM (I)	1,292,029	4,310,291
Bezeq The Israeli Telecommunication Corp., Ltd.	866,293	1,942,117
Check Point Software Technologies, Ltd. (I)	30,200	2,508,714


	Shares	Value
Israel (continued)
Harel Insurance Investments & Financial Services, Ltd.	82,253	$278,635
Israel Discount Bank, Ltd., Class A (I)	996,703	1,601,106
Mizrahi Tefahot Bank, Ltd.	4,384	48,400
Partner Communications Company, Ltd. (I)	32,620	152,288
Teva Pharmaceutical Industries, Ltd.	182,309	10,229,121
Italy 2.6%		41,884,534
A2A SpA	891,883	1,020,248
ACEA SpA	40,691	545,414
Amplifon SpA	88,254	707,715
ASTM SpA	13,954	152,026
Banca Mediolanum SpA	218,168	1,542,679
Enel SpA	3,050,313	12,190,446
Eni SpA	1,128,711	15,785,338
EXOR SpA	24,735	815,323
Hera SpA	683,453	1,925,100
Iren SpA	105,170	166,476
Italmobiliare SpA	16,657	454,247
MARR SpA	26,921	525,828
Recordati SpA	62,294	1,497,850
Reply SpA	4,202	510,903
Snam SpA	18,691	100,726
Societa Cattolica di Assicurazioni SCRL	119,807	779,796
Telecom Italia SpA	106,430	82,096
Telecom Italia SpA (I)	3,087,637	3,000,265
Unipol Gruppo Finanziario SpA	22,210	82,058
Japan 24.3%		392,803,118
Adastria Company, Ltd.	8,000	207,447
ADEKA Corp.	55,000	728,560
Aeon Company, Ltd.	54,600	716,007
Aisin Seiki Company, Ltd.	65,800	2,633,083
Alpine Electronics, Inc.	22,900	258,675
AOKI Holdings, Inc.	48,600	546,860
Aoyama Trading Company, Ltd.	42,600	1,573,136
Arcland Sakamoto Company, Ltd.	25,000	235,964
Asahi Glass Company, Ltd.	180,000	871,278
Asahi Kasei Corp.	379,000	2,144,726
Asatsu-DK, Inc.	13,000	337,887
Autobacs Seven Company, Ltd.	35,000	593,258
Bridgestone Corp.	182,400	6,386,120
Brother Industries, Ltd.	11,000	120,148
Calsonic Kansei Corp.	211,000	1,548,750
Canon Marketing Japan, Inc.	5,400	90,910


	Shares	Value
Japan (continued)
Canon, Inc.	305,200	$8,601,925
Central Glass Company, Ltd.	160,000	913,855
Central Japan Railway Company	70,900	12,685,195
Century Tokyo Leasing Corp.	18,200	620,942
Chiyoda Integre Company, Ltd.	12,900	291,078
Coca-Cola West Company, Ltd.	14,200	317,738
Cosmo Energy Holdings Company, Ltd. (I)	39,400	422,244
Credit Saison Company, Ltd.	17,900	303,078
CyberAgent, Inc.	4,200	172,366
Daicel Corp.	25,300	322,826
Daihatsu Motor Company, Ltd.	53,800	747,052
Daiichi Sankyo Company, Ltd.	37,100	774,595
Daiichikosho Company, Ltd.	16,700	698,471
Daikyo, Inc.	79,000	125,252
Daito Trust Construction Company, Ltd.	22,300	3,020,290
Daiwa House Industry Company, Ltd.	32,000	875,733
Daiwabo Holdings Company, Ltd.	168,000	296,408
DCM Holdings Company, Ltd.	128,800	947,864
DeNA Company, Ltd.	92,661	1,352,480
Denka Company, Ltd.	362,000	1,282,335
Descente, Ltd.	18,900	282,077
Doutor Nichires Holdings Company, Ltd.	25,200	396,114
Exedy Corp.	11,700	233,299
Fuji Heavy Industries, Ltd.	115,616	3,782,589
Fuji Oil Holdings, Inc.	50,500	855,699
FUJIFILM Holdings Corp.	312,300	11,705,070
Fujitsu General, Ltd.	11,000	149,886
Fukuoka Financial Group, Inc.	62,000	196,479
Fuyo General Lease Company, Ltd.	8,100	343,652
Geo Holdings Corp.	34,100	509,548
Gree, Inc.	152,100	717,773
Gunze, Ltd.	40,000	104,949
H2O Retailing Corp.	8,700	149,900
Hanwa Company, Ltd.	322,000	1,325,102
Haseko Corp.	263,100	2,277,080
Hitachi Capital Corp.	7,400	158,769
Hitachi Chemical Company, Ltd.	52,100	847,865
Hokuhoku Financial Group, Inc.	101,000	150,330
Honda Motor Company, Ltd.	155,903	4,009,652
Horiba, Ltd.	6,700	219,560
Hoya Corp.	48,600	1,756,248
Idemitsu Kosan Company, Ltd.	70,800	1,071,714
Inpex Corp.	272,700	1,965,999


	Shares	Value
Portugal (continued)
EDP - Energias de Portugal SA	97,752	$302,738
Singapore 0.6%		9,505,176
Ascendas Real Estate Investment Trust	520,100	894,849
BW LPG, Ltd. (S)	96,178	624,276
CapitaLand Commercial Trust	583,600	593,319
CapitaLand Mall Trust	490,700	763,655
CapitaLand Retail China Trust	203,500	206,196
CDL Hospitality Trusts	288,100	262,300
DBS Group Holdings, Ltd.	371,300	3,576,187
Frasers Centrepoint Trust	16,700	23,575
Golden Agri-Resources, Ltd.	3,958,800	1,041,705
Keppel REIT	86,300	57,648
Mapletree Commercial Trust	21,500	21,555
Mapletree Greater China Commercial Trust	825,000	533,658
Mapletree Industrial Trust	311,700	342,388
Mapletree Logistics Trust	85,800	59,463
Starhill Global REIT	374,800	198,555
UOL Group, Ltd.	76,000	305,847
Spain 1.7%		27,712,739
Ebro Foods SA	17,160	350,197
Enagas SA	51,058	1,433,203
Endesa SA	274,194	4,942,125
Gas Natural SDG SA	93,527	1,628,712
Iberdrola SA	1,623,876	10,461,397
Red Electrica Corp. SA	17,835	1,410,450
Repsol SA	411,741	4,236,787
Telefonica SA	325,925	3,249,868
Sweden 1.4%		22,577,672
Axfood AB	25,638	429,323
Bilia AB, A Shares	23,939	462,611
Castellum AB	32,672	493,316
Fabege AB	24,212	374,489
Fastighets AB Balder, B Shares (I)	12,008	277,017
Hufvudstaden AB, A Shares	19,632	285,931
Industrivarden AB, C Shares	26,505	407,869
Investor AB, B Shares	57,362	1,900,233
L E Lundbergforetagen AB, B Shares	673	33,902
NCC AB, B Shares	56,478	1,900,228
Sandvik AB	384,374	3,493,835
Securitas AB, B Shares	92,546	1,383,414
Skanska AB, B Shares	90,329	1,920,053


	Shares	Value
Sweden (continued)
Telefonaktiebolaget LM Ericsson, B Shares	767,462	$7,048,587
Volvo AB, B Shares	143,826	1,440,697
Wihlborgs Fastigheter AB	36,861	726,167
Switzerland 4.0%		64,495,736
Adecco SA (I)	25,121	1,454,947
Ascom Holding AG	24,700	412,812
Autoneum Holding AG (I)	1,873	402,355
Baloise Holding AG	12,274	1,543,934
Banque Cantonale Vaudoise	283	181,837
Cembra Money Bank AG (I)	3,570	231,469
dorma+kaba Holding AG (I)	949	567,729
EMS-Chemie Holding AG	1,137	527,233
Flughafen Zuerich AG	508	403,003
Forbo Holding AG (I)	260	269,723
Georg Fischer AG	604	410,632
Helvetia Holding AG	1,204	636,111
Kuehne + Nagel International AG	8,036	1,042,299
LafargeHolcim, Ltd. (I)	47,231	1,858,309
Logitech International SA	19,995	308,662
Roche Holding AG	5,807	1,489,004
Sika AG	72	273,414
Swiss Life Holding AG (I)	12,419	3,024,220
Swiss Re AG	360,220	31,928,445
Swisscom AG	2,836	1,381,894
The Swatch Group AG	12,112	4,194,176
The Swatch Group AG	3,502	243,219
Vontobel Holding AG	9,962	433,493
Zurich Insurance Group AG (I)	53,240	11,276,816
United Kingdom 15.0%		243,128,420
AstraZeneca PLC	734,354	41,752,826
Beazley PLC	216,280	1,077,169
Bellway PLC	36,524	1,299,511
Berkeley Group Holdings PLC	154,310	6,949,024
Bovis Homes Group PLC	59,173	784,637
BP PLC	3,123,967	15,161,181
British American Tobacco PLC	482,896	26,271,528
BT Group PLC	1,358,243	9,146,604
Carillion PLC (L)	391,255	1,491,430
Centrica PLC	3,341,827	9,609,785
Compass Group PLC	269,594	4,726,620
Crest Nicholson Holdings PLC	241,354	1,873,795
CYBG PLC (I)	5,837	15,123


					Shares		Value
United Kingdom (continued)
EnQuest PLC (I)					846,557		$164,089
Galliford Try PLC					23,482		477,975
GlaxoSmithKline PLC					748,653		14,508,904
Henderson Group PLC					626,413		2,033,744
Home Retail Group PLC					1,131,148		2,767,803
Hunting PLC					64,778		315,610
IG Group Holdings PLC					225,471		2,376,877
Imperial Brands PLC					223,866		11,554,999
Inchcape PLC					388,969		3,975,507
Indivior PLC					218,756		510,560
Intermediate Capital Group PLC					206,773		1,654,774
J Sainsbury PLC					510,606		1,797,193
Jupiter Fund Management PLC					114,364		632,806
Kingfisher PLC					1,515,896		7,002,361
Lookers PLC					206,706		442,955
Marks & Spencer Group PLC					206,046		1,211,729
National Express Group PLC					36,019		164,112
Persimmon PLC (I)					383,311		11,584,169
Reckitt Benckiser Group PLC					172,866		15,746,287
Royal Mail PLC					765,141		4,819,498
Savills PLC					15,752		143,506
The Sage Group PLC					591,219		4,878,530
Unilever NV					248,689		10,842,460
WH Smith PLC					125,711		3,148,218
WM Morrison Supermarkets PLC (L)					1,217,431		3,352,309
WPP PLC					800,585		16,862,212
Preferred securities 0.6%							$10,169,450
(Cost $17,457,476)
Germany 0.6%							10,169,450
Jungheinrich AG					5,907		447,764
Porsche Automobil Holding SE					145,218		6,567,734
Volkswagen AG					27,122		3,153,952
			Yield (%)		Shares		Value
Securities lending collateral 1.2%							$19,499,485
(Cost $19,499,274)
John Hancock Collateral Trust (W)			0.4639(Y)		1,948,916		19,499,485
	Yield (%)*	Maturity date		Par value^			Value
Short-term investments 7.6%							$123,090,314
(Cost $123,090,569)
U.S. Government 6.4%							102,930,372
U.S. Treasury Bill	0.052	04-28-16				25,000,000	24,988,950


	Net asset value per share
	Based on net asset values and shares outstanding - The fund has an unlimited number of shares authorized with no par value
	Class A ($109,854,026 ÷ 4,169,052 shares)¹									$26.35
	Class B ($1,677,725 ÷ 63,757 shares)¹									$26.31
	Class C ($9,873,095 ÷ 375,283 shares)¹									$26.31
	Class I ($514,099,720 ÷ 19,445,120 shares)									$26.44
	Class R1 ($774,429 ÷ 29,400 shares)									$26.34
	Class R2 ($206,996 ÷ 7,817 shares)									$26.48
	Class R3 ($419,253 ÷ 15,827 shares)									$26.49
	Class R4 ($67,236 ÷ 2,542 shares)									$26.45
	Class R5 ($120,435 ÷ 4,555 shares)									$26.44
	Class R6 ($994,124 ÷ 37,560 shares)									$26.47
	Class 1 ($35,664,528 ÷ 1,346,916 shares)									$26.48
	Class NAV ($943,596,446 ÷ 35,672,010 shares)									$26.45
	Maximum offering price per share
	Class A (net assets value per share ÷ 95%)²									$27.74


	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.





Investment income
Dividends	$57,593,397
Securities lending	1,436,454
Interest	70,926
Less foreign taxes withheld	(5,519,245	)
Total investment income	53,581,532
Expenses
Investment management fees	14,707,625
Distribution and service fees	523,034
Accounting and legal services fees	232,781
Transfer agent fees	766,886
Trustees' fees	22,006
State registration fees	199,669
Printing and postage	117,384
Professional fees	162,000
Custodian fees	734,435
Registration and filing fees	75,778
Other	79,713
Total expenses	17,621,311
Less expense reductions	(153,727	)
Net expenses	17,467,584
Net investment income	36,113,948
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	(160,648,729	)
Affiliated investments	(1,286	)
Futures contracts	(3,165,802	)
	(163,815,817	)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	(228,644,390	)
Affiliated investments	423
Futures contracts	(2,670,156	)
	(231,314,123	)
Net realized and unrealized loss	(395,129,940	)
Decrease in net assets from operations	($359,015,992	)



	Year ended 2-29-16		Year ended 2-28-15
Increase (decrease) in net assets
From operations
Net investment income	$36,113,948		$31,584,385
Net realized gain (loss)	(163,815,817	)	121,544,541
Change in net unrealized appreciation (depreciation)	(231,314,123	)	(194,624,802	)
Decrease in net assets resulting from operations	(359,015,992	)	(41,495,876	)
Distributions to shareholders
From net investment income
Class A	(1,992,429	)	(3,337,701	)
Class B	(14,681	)	(60,350	)
Class C	(95,480	)	(272,511	)
Class I	(10,632,399	)	(19,689,726	)
Class R1	(7,303	)	(12,379	)
Class R2	(2,902	)	(6,327	)
Class R3	(5,337	)	(5,356	)
Class R4	(1,628	)	(2,953	)
Class R5	(1,926	)	(4,261	)
Class R6	(3,901	)	(5,738	)
Class 1	(806,576	)	(1,452,520	)
Class NAV	(21,651,850	)	(26,695,437	)
Total distributions	(35,216,412	)	(51,545,259	)
From fund share transactions	529,119,067		59,050,987
Total increase (decrease)	134,886,663		(33,990,148	)
Net assets
Beginning of year	1,482,461,350		1,516,451,498
End of year	$1,617,348,013		$1,482,461,350
Undistributed net investment income	$1,516,160		$574,279





Class A Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13		2-29-12
Per share operating performance
Net asset value, beginning of period		$33.20		$35.40		$28.81		$27.72		$30.85
Net investment income¹		0.56		0.62		1.05	²	0.71		0.58
Net realized and unrealized gain (loss) on investments		(6.92	)	(1.77	)	6.52		1.31		(3.32	)
Total from investment operations		(6.36	)	(1.15	)	7.57		2.02		(2.74	)
Less distributions
From net investment income		(0.49	)	(1.05	)	(0.98	)	(0.93	)	(0.39	)
Net asset value, end of period		$26.35		$33.20		$35.40		$28.81		$27.72
Total return (%)^3,4		(19.28	)	(2.98	)	26.56		7.41		(8.73	)
Ratios and supplemental data
Net assets, end of period (in millions)		$110		$112		$109		$91		$374
Ratios (as a percentage of average net assets):
	Expenses before reductions	1.40		1.47		1.46		1.58		1.58
	Expenses including reductions	1.39		1.47		1.46		1.58		1.58
	Net investment income	1.81		1.81		3.27	²	2.66		2.05
Portfolio turnover (%)		70		81		47		53		42


	1			Based on average daily shares outstanding.
	2			Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.
	3			Total returns would have been lower had certain expenses not been reduced during the applicable periods.
	4			Does not reflect the effect of sales charges, if any.





Class B Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13		2-29-12
Per share operating performance
Net asset value, beginning of period		$33.12		$35.27		$28.70		$27.61		$30.70
Net investment income¹		0.37		0.34		0.73	²	0.42		0.44
Net realized and unrealized gain (loss) on investments		(6.95	)	(1.74	)	6.53		1.41		(3.34	)
Total from investment operations		(6.58	)	(1.40	)	7.26		1.83		(2.90	)
Less distributions
From net investment income		(0.23	)	(0.75	)	(0.69	)	(0.74	)	(0.19	)
Net asset value, end of period		$26.31		$33.12		$35.27		$28.70		$27.61
Total return (%)^3,4		(19.92	)	(3.77	)	25.50		6.71		(9.38	)
Ratios and supplemental data
Net assets, end of period (in millions)		$2		$3		$3		$3		$4
Ratios (as a percentage of average net assets):
	Expenses before reductions	2.30		2.66		2.64		2.94		2.49
	Expenses including reductions	2.15		2.31		2.30		2.30		2.30
	Net investment income	1.18		1.02		2.28	²	1.56		1.58
Portfolio turnover (%)		70		81		47		53		42





Class C Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13		2-29-12
Per share operating performance
Net asset value, beginning of period		$33.12		$35.27		$28.70		$27.61		$30.71
Net investment income¹		0.35		0.29		0.83	²	0.42		0.43
Net realized and unrealized gain (loss) on investments		(6.91	)	(1.68	)	6.43		1.41		(3.34	)
Total from investment operations		(6.56	)	(1.39	)	7.26		1.83		(2.91	)
Less distributions
From net investment income		(0.25	)	(0.76	)	(0.69	)	(0.74	)	(0.19	)
Net asset value, end of period		$26.31		$33.12		$35.27		$28.70		$27.61
Total return (%)^3,4		(19.89	)	(3.76	)	25.50		6.71		(9.41	)
Ratios and supplemental data
Net assets, end of period (in millions)		$10		$12		$8		$4		$4
Ratios (as a percentage of average net assets):
	Expenses before reductions	2.13		2.30		2.46		2.77		2.50
	Expenses including reductions	2.12		2.29		2.30		2.30		2.30
	Net investment income	1.14		0.86		2.59	²	1.54		1.53
Portfolio turnover (%)		70		81		47		53		42





Class I Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13		2-29-12
Per share operating performance
Net asset value, beginning of period		$33.32		$35.52		$28.90		$27.78		$30.94
Net investment income¹		0.67		0.71		1.10	²	0.68		0.72
Net realized and unrealized gain (loss) on investments		(6.96	)	(1.76	)	6.60		1.49		(3.36	)
Total from investment operations		(6.29	)	(1.05	)	7.70		2.17		(2.64	)
Less distributions
From net investment income		(0.59	)	(1.15	)	(1.08	)	(1.05	)	(0.52	)
Net asset value, end of period		$26.44		$33.32		$35.52		$28.90		$27.78
Total return (%)³		(19.03	)	(2.65	)	26.94		7.92		(8.33	)
Ratios and supplemental data
Net assets, end of period (in millions)		$514		$541		$527		$392		$411
Ratios (as a percentage of average net assets):
	Expenses before reductions	1.08		1.14		1.15		1.17		1.16
	Expenses including reductions	1.08		1.13		1.15		1.17		1.16
	Net investment income	2.15		2.08		3.42	²	2.49		2.54
Portfolio turnover (%)		70		81		47		53		42





Class R1 Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13		2-29-12
Per share operating performance
Net asset value, beginning of period		$33.16		$35.33		$28.75		$27.66		$30.77
Net investment income¹		0.41		0.43		0.85	²	0.51		0.53
Net realized and unrealized gain (loss) on investments		(6.89	)	(1.70	)	6.56		1.43		(3.33	)
Total from investment operations		(6.48	)	(1.27	)	7.41		1.94		(2.80	)
Less distributions
From net investment income		(0.34	)	(0.90	)	(0.83	)	(0.85	)	(0.31	)
Net asset value, end of period		$26.34		$33.16		$35.33		$28.75		$27.66
Total return (%)³		(19.62	)	(3.38	)	26.00		7.10		(9.00	)
Ratios and supplemental data
Net assets, end of period (in millions)		$1		$1		—	⁴	—	⁴	—	⁴
Ratios (as a percentage of average net assets):
	Expenses before reductions	2.46		4.91		5.71		7.16		7.37
	Expenses including reductions	1.79		1.90		1.90		1.90		1.90
	Net investment income	1.34		1.26		2.67	²	1.87		1.88
Portfolio turnover (%)		70		81		47		53		42





Class R2 Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13	¹
Per share operating performance
Net asset value, beginning of period		$33.34		$35.53		$28.91		$27.80
Net investment income²		0.63		0.51		0.94	³	0.59
Net realized and unrealized gain (loss) on investments		(7.06	)	(1.72	)	6.60		1.43
Total from investment operations		(6.43	)	(1.21	)	7.54		2.02
Less distributions
From net investment income		(0.43	)	(0.98	)	(0.92	)	(0.91	)
Net asset value, end of period		$26.48		$33.34		$35.53		$28.91
Total return (%)⁴		(19.41	)	(3.15	)	26.32		7.39
Ratios and supplemental data
Net assets, end of period (in millions)		—	⁵	—	⁵	—	⁵	—	⁵
Ratios (as a percentage of average net assets):
	Expenses before reductions	3.61		8.98		15.89		20.70
	Expenses including reductions	1.54		1.65		1.65		1.65
	Net investment income	2.03		1.51		2.94	³	2.16
Portfolio turnover (%)		70		81		47		53


	1			The inception date for Class R2 shares is 3-1-12.
	2			Based on average daily shares outstanding.
	3			Net investment income per share and ratio of net investment income to average net assets reflect a special dividend received by the fund which amounted to $0.24 and 0.77%, respectively.
	4			Total returns would have been lower had certain expenses not been reduced during the applicable periods.
	5			Less than $500,000.





Class R3 Shares Period ended		2-29-16		2-28-15		2-28-14		2-28-13		2-29-12
Per share operating performance
Net asset value, beginning of period		$33.36		$35.54		$28.92		$27.80		$30.94
Net investment income¹		0.38		0.48		1.09	²	0.53		0.57
Net realized and unrealized gain (loss) on investments		(6.86	)	(1.73	)	6.40		1.46		(3.38	)
Total from investment operations		(6.48	)	(1.25	)	7.49		1.99		(2.81	)
Less distributions
From net investment income		(0.39	)	(0.93	)	(0.87	)	(0.87	)	(0.33	)
Net asset value, end of period		$26.49		$33.36		$35.54		$28.92		$27.80
Total return (%)³		(19.54	)	(3.28	)	26.12		7.28		(8.95	)
Ratios and supplemental data
Net assets, end of period (in millions)		—	⁴	—	⁴	—	⁴	—	⁴	—	⁴
Ratios (as a percentage of average net assets):
	Expenses before reductions	2.96		9.34		18.96		47.36		45.66
	Expenses including reductions	1.67		1.80		1.80		1.80		1.80
	Net investment income	1.27		1.40		3.36	²	1.93		2.01
Portfolio turnover (%)		70		81		47		53		42