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
811-21779
(Exact name of registrant as specified in charter)
200 BERKELEY STREET, BOSTON, MA 02116
(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
August 31
Date of reporting period:
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following annual reports to shareholders for the period ended August 31, 2024:
John Hancock Funds II
-
John Hancock Disciplined Value Emerging Markets Equity Fund (formerly John Hancock Emerging Markets Fund)
-
John Hancock Emerging Markets Debt Fund
-
John Hancock Floating Rate Income Fund
-
John Hancock Multi-Asset High Income Fund
-
John Hancock Opportunistic Fixed Income Fund
-
John Hancock Strategic Income Opportunities Fund
John Hancock Strategic Income Opportunities Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Strategic Income Opportunities Fund (Class A/JIPAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Strategic Income Opportunities Fund (Class A/JIPAX) returned 7.44% (excluding sales charges) for the year ended August 31, 2024. The most significant factors affecting fund performance during the period included declining inflation, resilient economic growth, and expectations for interest rate cuts by the U.S. Federal Reserve, all of which contributed to lower bond yields. Sector performance was also a key factor, with corporate bonds posting the best returns, while government securities lagged.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | High-yield corporate debt, investment-grade corporate bonds, and convertible bonds represented nearly 40% of the portfolio on average during the period.
Emerging markets debt | Government and corporate bonds in emerging markets benefited from declining inflation and interest rate cuts by central banks in many emerging market countries.
Global bond exposure | Bond holdings in Canada, Australia, and New Zealand added value as bonds in these countries outperformed the U.S. market.
TOP PERFORMANCE DETRACTORS
Foreign currency exposure | A stronger U.S. dollar during the period weighed on the fund’s exposure to foreign currencies, particularly the Japanese yen and Singaporean dollar.
Longer-term bonds | The fund’s holdings of bonds with maturities of 20 years or more detracted from performance.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 4.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Convertible bonds | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| Short-term investments and other | |
Net Currency Exposure
| United States Dollar | |
| Australian Dollar | |
| Indonesian Rupiah | |
| Other Currencies | |
| Korean Won | |
| Norwegian Krone | |
| Philippine Peso | |
| Indian Rupee | |
| Japanese Yen | |
| Brazilian Real | |
| Canadian Dollar | |
| New Zealand Dollar | ( |
| Singapore Dollar | ( |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
At a meeting held on December 12–14, 2023, the fund’s Board of Trustees approved a sales charge reduction and change to the contingent deferred sales charge (CDSC) for Class A shares. As a result, effective March 1, 2024, the maximum CDSC as a percentage of purchase or sale price, whichever is less, was reduced from 1.00% on certain purchases of $1 million or more, to 0.75% on certain purchases of $500,000 or more.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827274
356A-A
8/24
10/24
John Hancock Strategic Income Opportunities Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Strategic Income Opportunities Fund (Class C/JIPCX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Strategic Income Opportunities Fund (Class C/JIPCX) returned 6.69% (excluding sales charges) for the year ended August 31, 2024. The most significant factors affecting fund performance during the period included declining inflation, resilient economic growth, and expectations for interest rate cuts by the U.S. Federal Reserve, all of which contributed to lower bond yields. Sector performance was also a key factor, with corporate bonds posting the best returns, while government securities lagged.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | High-yield corporate debt, investment-grade corporate bonds, and convertible bonds represented nearly 40% of the portfolio on average during the period.
Emerging markets debt | Government and corporate bonds in emerging markets benefited from declining inflation and interest rate cuts by central banks in many emerging market countries.
Global bond exposure | Bond holdings in Canada, Australia, and New Zealand added value as bonds in these countries outperformed the U.S. market.
TOP PERFORMANCE DETRACTORS
Foreign currency exposure | A stronger U.S. dollar during the period weighed on the fund’s exposure to foreign currencies, particularly the Japanese yen and Singaporean dollar.
Longer-term bonds | The fund’s holdings of bonds with maturities of 20 years or more detracted from performance.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Convertible bonds | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| Short-term investments and other | |
Net Currency Exposure
| United States Dollar | |
| Australian Dollar | |
| Indonesian Rupiah | |
| Other Currencies | |
| Korean Won | |
| Norwegian Krone | |
| Philippine Peso | |
| Indian Rupee | |
| Japanese Yen | |
| Brazilian Real | |
| Canadian Dollar | |
| New Zealand Dollar | ( |
| Singapore Dollar | ( |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827274
356A-C
8/24
10/24
John Hancock Strategic Income Opportunities Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Strategic Income Opportunities Fund (Class I/JIPIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Strategic Income Opportunities Fund (Class I/JIPIX) returned 7.76% for the year ended August 31, 2024. The most significant factors affecting fund performance during the period included declining inflation, resilient economic growth, and expectations for interest rate cuts by the U.S. Federal Reserve, all of which contributed to lower bond yields. Sector performance was also a key factor, with corporate bonds posting the best returns, while government securities lagged.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | High-yield corporate debt, investment-grade corporate bonds, and convertible bonds represented nearly 40% of the portfolio on average during the period.
Emerging markets debt | Government and corporate bonds in emerging markets benefited from declining inflation and interest rate cuts by central banks in many emerging market countries.
Global bond exposure | Bond holdings in Canada, Australia, and New Zealand added value as bonds in these countries outperformed the U.S. market.
TOP PERFORMANCE DETRACTORS
Foreign currency exposure | A stronger U.S. dollar during the period weighed on the fund’s exposure to foreign currencies, particularly the Japanese yen and Singaporean dollar.
Longer-term bonds | The fund’s holdings of bonds with maturities of 20 years or more detracted from performance.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Convertible bonds | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| Short-term investments and other | |
Net Currency Exposure
| United States Dollar | |
| Australian Dollar | |
| Indonesian Rupiah | |
| Other Currencies | |
| Korean Won | |
| Norwegian Krone | |
| Philippine Peso | |
| Indian Rupee | |
| Japanese Yen | |
| Brazilian Real | |
| Canadian Dollar | |
| New Zealand Dollar | ( |
| Singapore Dollar | ( |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827274
356A-I
8/24
10/24
John Hancock Strategic Income Opportunities Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Strategic Income Opportunities Fund (Class NAV/JHSEX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Strategic Income Opportunities Fund (Class NAV/JHSEX) returned 7.89% for the year ended August 31, 2024. The most significant factors affecting fund performance during the period included declining inflation, resilient economic growth, and expectations for interest rate cuts by the U.S. Federal Reserve, all of which contributed to lower bond yields. Sector performance was also a key factor, with corporate bonds posting the best returns, while government securities lagged.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | High-yield corporate debt, investment-grade corporate bonds, and convertible bonds represented nearly 40% of the portfolio on average during the period.
Emerging markets debt | Government and corporate bonds in emerging markets benefited from declining inflation and interest rate cuts by central banks in many emerging market countries.
Global bond exposure | Bond holdings in Canada, Australia, and New Zealand added value as bonds in these countries outperformed the U.S. market.
TOP PERFORMANCE DETRACTORS
Foreign currency exposure | A stronger U.S. dollar during the period weighed on the fund’s exposure to foreign currencies, particularly the Japanese yen and Singaporean dollar.
Longer-term bonds | The fund’s holdings of bonds with maturities of 20 years or more detracted from performance.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Convertible bonds | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| Short-term investments and other | |
Net Currency Exposure
| United States Dollar | |
| Australian Dollar | |
| Indonesian Rupiah | |
| Other Currencies | |
| Korean Won | |
| Norwegian Krone | |
| Philippine Peso | |
| Indian Rupee | |
| Japanese Yen | |
| Brazilian Real | |
| Canadian Dollar | |
| New Zealand Dollar | ( |
| Singapore Dollar | ( |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827274
356A-NAV
8/24
10/24
John Hancock Strategic Income Opportunities Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Strategic Income Opportunities Fund (Class R2/JIPPX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Strategic Income Opportunities Fund (Class R2/JIPPX) returned 7.46% for the year ended August 31, 2024. The most significant factors affecting fund performance during the period included declining inflation, resilient economic growth, and expectations for interest rate cuts by the U.S. Federal Reserve, all of which contributed to lower bond yields. Sector performance was also a key factor, with corporate bonds posting the best returns, while government securities lagged.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | High-yield corporate debt, investment-grade corporate bonds, and convertible bonds represented nearly 40% of the portfolio on average during the period.
Emerging markets debt | Government and corporate bonds in emerging markets benefited from declining inflation and interest rate cuts by central banks in many emerging market countries.
Global bond exposure | Bond holdings in Canada, Australia, and New Zealand added value as bonds in these countries outperformed the U.S. market.
TOP PERFORMANCE DETRACTORS
Foreign currency exposure | A stronger U.S. dollar during the period weighed on the fund’s exposure to foreign currencies, particularly the Japanese yen and Singaporean dollar.
Longer-term bonds | The fund’s holdings of bonds with maturities of 20 years or more detracted from performance.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Convertible bonds | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| Short-term investments and other | |
Net Currency Exposure
| United States Dollar | |
| Australian Dollar | |
| Indonesian Rupiah | |
| Other Currencies | |
| Korean Won | |
| Norwegian Krone | |
| Philippine Peso | |
| Indian Rupee | |
| Japanese Yen | |
| Brazilian Real | |
| Canadian Dollar | |
| New Zealand Dollar | ( |
| Singapore Dollar | ( |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827274
356A-R2
8/24
10/24
John Hancock Strategic Income Opportunities Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Strategic Income Opportunities Fund (Class R6/JIPRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Strategic Income Opportunities Fund (Class R6/JIPRX) returned 7.98% for the year ended August 31, 2024. The most significant factors affecting fund performance during the period included declining inflation, resilient economic growth, and expectations for interest rate cuts by the U.S. Federal Reserve, all of which contributed to lower bond yields. Sector performance was also a key factor, with corporate bonds posting the best returns, while government securities lagged.
TOP PERFORMANCE CONTRIBUTORS
Corporate bonds | High-yield corporate debt, investment-grade corporate bonds, and convertible bonds represented nearly 40% of the portfolio on average during the period.
Emerging markets debt | Government and corporate bonds in emerging markets benefited from declining inflation and interest rate cuts by central banks in many emerging market countries.
Global bond exposure | Bond holdings in Canada, Australia, and New Zealand added value as bonds in these countries outperformed the U.S. market.
TOP PERFORMANCE DETRACTORS
Foreign currency exposure | A stronger U.S. dollar during the period weighed on the fund’s exposure to foreign currencies, particularly the Japanese yen and Singaporean dollar.
Longer-term bonds | The fund’s holdings of bonds with maturities of 20 years or more detracted from performance.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Convertible bonds | |
| Collateralized mortgage obligations – Commercial and residential | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Municipal bonds | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| Short-term investments and other | |
Net Currency Exposure
| United States Dollar | |
| Australian Dollar | |
| Indonesian Rupiah | |
| Other Currencies | |
| Korean Won | |
| Norwegian Krone | |
| Philippine Peso | |
| Indian Rupee | |
| Japanese Yen | |
| Brazilian Real | |
| Canadian Dollar | |
| New Zealand Dollar | ( |
| Singapore Dollar | ( |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827274
356A-R6
8/24
10/24
John Hancock Opportunistic Fixed Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Opportunistic Fixed Income Fund (Class 1/JIGDX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Opportunistic Fixed Income Fund (Class 1/JIGDX) returned 6.78% for the year ended August 31, 2024. The 12-month period was characterized by modest interest-rate volatility, as global central bank monetary policy diverged, and limited credit-related volatility, as credit spreads generally tightened.
TOP PERFORMANCE CONTRIBUTORS
Interest-rate positioning | The fund’s duration and yield curve positioning helped drive positive total returns.
Credit exposure | Credit exposure was also additive within the portfolio, particularly within short-cycle credit sectors, such as bank loans, high yield, and structured products.
Strategic sector positioning | Within the fund’s strategic sector, investments in emerging-markets local debt had a positive impact.
TOP PERFORMANCE DETRACTORS
Tactical asset allocation | Within the fund’s tactical asset allocation component, exposure to peripheral European sovereign debt detracted.
Derivative investments | In aggregate, derivatives, especially credit default swaps, had a negative impact on performance.
The views expressed in this report are exclusively those of the portfolio management team at Wellington Management Company LLP, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg Global Aggregate Bond (USD Hedged) Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total investments of the fund.
Portfolio Composition
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Corporate bonds | |
| Convertible bonds | |
| Asset backed securities | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Term loans | |
| Collateralized mortgage obligations – Commercial and residential | |
| Preferred securities | |
| Short-term investments | |
Country Composition
| United States | |
| New Zealand | |
| Australia | |
| Colombia | |
| Brazil | |
| Norway | |
| Iceland | |
| Mexico | |
| France | |
| United Kingdom | |
| Other countries |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827252
476A-1
8/24
10/24
John Hancock Opportunistic Fixed Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Opportunistic Fixed Income Fund (Class A/JABWX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Opportunistic Fixed Income Fund (Class A/JABWX) returned 6.53% (excluding sales charges) for the year ended August 31, 2024. The 12-month period was characterized by modest interest-rate volatility, as global central bank monetary policy diverged, and limited credit-related volatility, as credit spreads generally tightened.
TOP PERFORMANCE CONTRIBUTORS
Interest-rate positioning | The fund’s duration and yield curve positioning helped drive positive total returns.
Credit exposure | Credit exposure was also additive within the portfolio, particularly within short-cycle credit sectors, such as bank loans, high yield, and structured products.
Strategic sector positioning | Within the fund’s strategic sector, investments in emerging-markets local debt had a positive impact.
TOP PERFORMANCE DETRACTORS
Tactical asset allocation | Within the fund’s tactical asset allocation component, exposure to peripheral European sovereign debt detracted.
Derivative investments | In aggregate, derivatives, especially credit default swaps, had a negative impact on performance.
The views expressed in this report are exclusively those of the portfolio management team at Wellington Management Company LLP, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg Global Aggregate Bond (USD Hedged) Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class A shares were first offered on 6-4-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 4.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total investments of the fund.
Portfolio Composition
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Corporate bonds | |
| Convertible bonds | |
| Asset backed securities | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Term loans | |
| Collateralized mortgage obligations – Commercial and residential | |
| Preferred securities | |
| Short-term investments | |
Country Composition
| United States | |
| New Zealand | |
| Australia | |
| Colombia | |
| Brazil | |
| Norway | |
| Iceland | |
| Mexico | |
| France | |
| United Kingdom | |
| Other countries |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
At a meeting held on December 12–14, 2023, the fund’s Board of Trustees approved a sales charge reduction and change to the contingent deferred sales charge (CDSC) for Class A shares. As a result, effective March 1, 2024, the maximum up-front sales charge on Class A shares was reduced from 5% to 4% of purchase price, and the maximum CDSC as a percentage of purchase or sale price, whichever is less, was reduced from 1.00% on certain purchases of $1 million or more, to 0.75% on certain purchases of $500,000 or more.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827252
476A-A
8/24
10/24
John Hancock Opportunistic Fixed Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Opportunistic Fixed Income Fund (Class C/JABOX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Opportunistic Fixed Income Fund (Class C/JABOX) returned 5.64% (excluding sales charges) for the year ended August 31, 2024. The 12-month period was characterized by modest interest-rate volatility, as global central bank monetary policy diverged, and limited credit-related volatility, as credit spreads generally tightened.
TOP PERFORMANCE CONTRIBUTORS
Interest-rate positioning | The fund’s duration and yield curve positioning helped drive positive total returns.
Credit exposure | Credit exposure was also additive within the portfolio, particularly within short-cycle credit sectors, such as bank loans, high yield, and structured products.
Strategic sector positioning | Within the fund’s strategic sector, investments in emerging-markets local debt had a positive impact.
TOP PERFORMANCE DETRACTORS
Tactical asset allocation | Within the fund’s tactical asset allocation component, exposure to peripheral European sovereign debt detracted.
Derivative investments | In aggregate, derivatives, especially credit default swaps, had a negative impact on performance.
The views expressed in this report are exclusively those of the portfolio management team at Wellington Management Company LLP, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg Global Aggregate Bond (USD Hedged) Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class C shares were first offered on 6-4-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total investments of the fund.
Portfolio Composition
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Corporate bonds | |
| Convertible bonds | |
| Asset backed securities | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Term loans | |
| Collateralized mortgage obligations – Commercial and residential | |
| Preferred securities | |
| Short-term investments | |
Country Composition
| United States | |
| New Zealand | |
| Australia | |
| Colombia | |
| Brazil | |
| Norway | |
| Iceland | |
| Mexico | |
| France | |
| United Kingdom | |
| Other countries |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827252
476A-C
8/24
10/24
John Hancock Opportunistic Fixed Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Opportunistic Fixed Income Fund (Class I/JABTX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Opportunistic Fixed Income Fund (Class I/JABTX) returned 6.72% for the year ended August 31, 2024. The 12-month period was characterized by modest interest-rate volatility, as global central bank monetary policy diverged, and limited credit-related volatility, as credit spreads generally tightened.
TOP PERFORMANCE CONTRIBUTORS
Interest-rate positioning | The fund’s duration and yield curve positioning helped drive positive total returns.
Credit exposure | Credit exposure was also additive within the portfolio, particularly within short-cycle credit sectors, such as bank loans, high yield, and structured products.
Strategic sector positioning | Within the fund’s strategic sector, investments in emerging-markets local debt had a positive impact.
TOP PERFORMANCE DETRACTORS
Tactical asset allocation | Within the fund’s tactical asset allocation component, exposure to peripheral European sovereign debt detracted.
Derivative investments | In aggregate, derivatives, especially credit default swaps, had a negative impact on performance.
The views expressed in this report are exclusively those of the portfolio management team at Wellington Management Company LLP, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg Global Aggregate Bond (USD Hedged) Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class I shares were first offered on 6-4-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total investments of the fund.
Portfolio Composition
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Corporate bonds | |
| Convertible bonds | |
| Asset backed securities | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Term loans | |
| Collateralized mortgage obligations – Commercial and residential | |
| Preferred securities | |
| Short-term investments | |
Country Composition
| United States | |
| New Zealand | |
| Australia | |
| Colombia | |
| Brazil | |
| Norway | |
| Iceland | |
| Mexico | |
| France | |
| United Kingdom | |
| Other countries |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827252
476A-I
8/24
10/24
John Hancock Opportunistic Fixed Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Opportunistic Fixed Income Fund (Class R6/JABUX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Opportunistic Fixed Income Fund (Class R6/JABUX) returned 6.90% for the year ended August 31, 2024. The 12-month period was characterized by modest interest-rate volatility, as global central bank monetary policy diverged, and limited credit-related volatility, as credit spreads generally tightened.
TOP PERFORMANCE CONTRIBUTORS
Interest-rate positioning | The fund’s duration and yield curve positioning helped drive positive total returns.
Credit exposure | Credit exposure was also additive within the portfolio, particularly within short-cycle credit sectors, such as bank loans, high yield, and structured products.
Strategic sector positioning | Within the fund’s strategic sector, investments in emerging-markets local debt had a positive impact.
TOP PERFORMANCE DETRACTORS
Tactical asset allocation | Within the fund’s tactical asset allocation component, exposure to peripheral European sovereign debt detracted.
Derivative investments | In aggregate, derivatives, especially credit default swaps, had a negative impact on performance.
The views expressed in this report are exclusively those of the portfolio management team at Wellington Management Company LLP, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|
|
The fund has designated Bloomberg Global Aggregate Bond (USD Hedged) Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class R6 shares were first offered on 6-4-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total investments of the fund.
Portfolio Composition
| Foreign government obligations | |
| U.S. Government | |
| U.S. Government Agency | |
| Corporate bonds | |
| Convertible bonds | |
| Asset backed securities | |
| Collateralized mortgage obligations – U.S. Government Agency | |
| Term loans | |
| Collateralized mortgage obligations – Commercial and residential | |
| Preferred securities | |
| Short-term investments | |
Country Composition
| United States | |
| New Zealand | |
| Australia | |
| Colombia | |
| Brazil | |
| Norway | |
| Iceland | |
| Mexico | |
| France | |
| United Kingdom | |
| Other countries |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827252
476A-R6
8/24
10/24
John Hancock Multi-Asset High Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Multi-Asset High Income Fund (Class A/JIAFX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Multi-Asset High Income Fund (Class A/JIAFX) returned 14.91% (excluding sales charges) for the year ended August 31, 2024. The world financial markets gained ground in the annual period, with equities leading the way. Positive growth data and the start of interest-rate cuts by major central banks raised hopes that the global economy was on track for a “soft landing.” Bonds also produced gains, with credit-oriented categories generally outperforming the broader fixed-income market.
TOP PERFORMANCE CONTRIBUTORS
The multi-sector fixed-income portfolio | This segment of the fund generated strong absolute returns and made a sizable contribution to results. The fund’s Asia fixed-income portfolio further helped performance.
Equities | The equity portfolio delivered healthy, broad-based gains. NVIDIA Corp., Microsoft Corp. and Apple, Inc. were notable contributors.
TOP PERFORMANCE DETRACTORS
Specific holdings | While all of the fund’s major segments were positive, a number of individual securities - including Unilever PLC and Medical Properties Trust, Inc. (sold prior to year end) - finished with losses.
Energy stocks | Some of the fund’s holdings in the sector were pressured by lower prices for oil and natural gas. On the fixed-income side, certain positions experienced price weakness due to issuer-specific events.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 4.50%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Common stocks | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| U.S. Government Agency | |
| Convertible bonds | |
| Capital preferred securities | |
| Foreign government obligations | |
| Short-term investments and other | |
Country Composition
| United States | |
| Canada | |
| Japan | |
| United Kingdom | |
| Hong Kong | |
| France | |
| Netherlands | |
| Switzerland | |
| Ireland | |
| Luxembourg | |
| Other countries | |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827231
448A-A
8/24
10/24
John Hancock Multi-Asset High Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Multi-Asset High Income Fund (Class C/JIAGX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Multi-Asset High Income Fund (Class C/JIAGX) returned 13.95% (excluding sales charges) for the year ended August 31, 2024. The world financial markets gained ground in the annual period, with equities leading the way. Positive growth data and the start of interest-rate cuts by major central banks raised hopes that the global economy was on track for a “soft landing.” Bonds also produced gains, with credit-oriented categories generally outperforming the broader fixed-income market.
TOP PERFORMANCE CONTRIBUTORS
The multi-sector fixed-income portfolio | This segment of the fund generated strong absolute returns and made a sizable contribution to results. The fund’s Asia fixed-income portfolio further helped performance.
Equities | The equity portfolio delivered healthy, broad-based gains. NVIDIA Corp., Microsoft Corp. and Apple, Inc. were notable contributors.
TOP PERFORMANCE DETRACTORS
Specific holdings | While all of the fund’s major segments were positive, a number of individual securities - including Unilever PLC and Medical Properties Trust, Inc. (sold prior to year end) - finished with losses.
Energy stocks | Some of the fund’s holdings in the sector were pressured by lower prices for oil and natural gas. On the fixed-income side, certain positions experienced price weakness due to issuer-specific events.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Common stocks | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| U.S. Government Agency | |
| Convertible bonds | |
| Capital preferred securities | |
| Foreign government obligations | |
| Short-term investments and other | |
Country Composition
| United States | |
| Canada | |
| Japan | |
| United Kingdom | |
| Hong Kong | |
| France | |
| Netherlands | |
| Switzerland | |
| Ireland | |
| Luxembourg | |
| Other countries | |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827231
448A-C
8/24
10/24
John Hancock Multi-Asset High Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Multi-Asset High Income Fund (Class I/JIAIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Multi-Asset High Income Fund (Class I/JIAIX) returned 15.19% for the year ended August 31, 2024. The world financial markets gained ground in the annual period, with equities leading the way. Positive growth data and the start of interest-rate cuts by major central banks raised hopes that the global economy was on track for a “soft landing.” Bonds also produced gains, with credit-oriented categories generally outperforming the broader fixed-income market.
TOP PERFORMANCE CONTRIBUTORS
The multi-sector fixed-income portfolio | This segment of the fund generated strong absolute returns and made a sizable contribution to results. The fund’s Asia fixed-income portfolio further helped performance.
Equities | The equity portfolio delivered healthy, broad-based gains. NVIDIA Corp., Microsoft Corp. and Apple, Inc. were notable contributors.
TOP PERFORMANCE DETRACTORS
Specific holdings | While all of the fund’s major segments were positive, a number of individual securities - including Unilever PLC and Medical Properties Trust, Inc. (sold prior to year end) - finished with losses.
Energy stocks | Some of the fund’s holdings in the sector were pressured by lower prices for oil and natural gas. On the fixed-income side, certain positions experienced price weakness due to issuer-specific events.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Common stocks | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| U.S. Government Agency | |
| Convertible bonds | |
| Capital preferred securities | |
| Foreign government obligations | |
| Short-term investments and other | |
Country Composition
| United States | |
| Canada | |
| Japan | |
| United Kingdom | |
| Hong Kong | |
| France | |
| Netherlands | |
| Switzerland | |
| Ireland | |
| Luxembourg | |
| Other countries | |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827231
448A-I
8/24
10/24
John Hancock Multi-Asset High Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Multi-Asset High Income Fund (Class NAV) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Multi-Asset High Income Fund (Class NAV) returned 15.29% for the year ended August 31, 2024. The world financial markets gained ground in the annual period, with equities leading the way. Positive growth data and the start of interest-rate cuts by major central banks raised hopes that the global economy was on track for a “soft landing.” Bonds also produced gains, with credit-oriented categories generally outperforming the broader fixed-income market.
TOP PERFORMANCE CONTRIBUTORS
The multi-sector fixed-income portfolio | This segment of the fund generated strong absolute returns and made a sizable contribution to results. The fund’s Asia fixed-income portfolio further helped performance.
Equities | The equity portfolio delivered healthy, broad-based gains. NVIDIA Corp., Microsoft Corp. and Apple, Inc. were notable contributors.
TOP PERFORMANCE DETRACTORS
Specific holdings | While all of the fund’s major segments were positive, a number of individual securities - including Unilever PLC and Medical Properties Trust, Inc. (sold prior to year end) - finished with losses.
Energy stocks | Some of the fund’s holdings in the sector were pressured by lower prices for oil and natural gas. On the fixed-income side, certain positions experienced price weakness due to issuer-specific events.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
|
|
Class NAV shares were first offered 6-4-20. Returns prior to this date are those of Class C shares that have not been adjusted for class-specific expenses; otherwise, returns would vary.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Common stocks | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| U.S. Government Agency | |
| Convertible bonds | |
| Capital preferred securities | |
| Foreign government obligations | |
| Short-term investments and other | |
Country Composition
| United States | |
| Canada | |
| Japan | |
| United Kingdom | |
| Hong Kong | |
| France | |
| Netherlands | |
| Switzerland | |
| Ireland | |
| Luxembourg | |
| Other countries | |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827231
448A-NAV
8/24
10/24
John Hancock Multi-Asset High Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Multi-Asset High Income Fund (Class R6/JIASX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Multi-Asset High Income Fund (Class R6/JIASX) returned 15.30% for the year ended August 31, 2024. The world financial markets gained ground in the annual period, with equities leading the way. Positive growth data and the start of interest-rate cuts by major central banks raised hopes that the global economy was on track for a “soft landing.” Bonds also produced gains, with credit-oriented categories generally outperforming the broader fixed-income market.
TOP PERFORMANCE CONTRIBUTORS
The multi-sector fixed-income portfolio | This segment of the fund generated strong absolute returns and made a sizable contribution to results. The fund’s Asia fixed-income portfolio further helped performance.
Equities | The equity portfolio delivered healthy, broad-based gains. NVIDIA Corp., Microsoft Corp. and Apple, Inc. were notable contributors.
TOP PERFORMANCE DETRACTORS
Specific holdings | While all of the fund’s major segments were positive, a number of individual securities - including Unilever PLC and Medical Properties Trust, Inc. (sold prior to year end) - finished with losses.
Energy stocks | Some of the fund’s holdings in the sector were pressured by lower prices for oil and natural gas. On the fixed-income side, certain positions experienced price weakness due to issuer-specific events.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | Since inception |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Corporate bonds | |
| Common stocks | |
| Term loans | |
| Asset backed securities | |
| Preferred securities | |
| U.S. Government Agency | |
| Convertible bonds | |
| Capital preferred securities | |
| Foreign government obligations | |
| Short-term investments and other | |
Country Composition
| United States | |
| Canada | |
| Japan | |
| United Kingdom | |
| Hong Kong | |
| France | |
| Netherlands | |
| Switzerland | |
| Ireland | |
| Luxembourg | |
| Other countries | |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827231
448A-R6
8/24
10/24
John Hancock Floating Rate Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Floating Rate Income Fund (Class 1/JFIHX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Floating Rate Income Fund (Class 1/JFIHX) returned 9.21% for the year ended August 31, 2024. Credit markets, including bank loans and high-yield bonds, delivered strong performance in the period. Generally, credit fundamentals and the macro backdrop were better than anticipated, which led to spread compression, limited defaults, and active capital markets activity during the period.
TOP PERFORMANCE CONTRIBUTORS
Single-B rated banks loans | This was the largest ratings allocation in the portfolio which delivered strong absolute performance during the period.
Structured credit | Structured credit, which consists of investment-grade CLO debt tranches, made a meaningful contribution to total return.
High-yield bonds | This sector was an off-benchmark allocation which delivered strong absolute returns during the period.
TOP PERFORMANCE DETRACTORS
Asset classes | There were no asset classes or ratings segments that detracted from absolute performance in the period.
Credit positions | A number of individual positions in the portfolio were down more than 5%.
The views expressed in this report are exclusively those of the portfolio management team at BCSF Advisors, LP (“Bain Capital Credit”), and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Term loans | |
| Asset backed securities | |
| Corporate bonds | |
| Common stocks | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827195
328A-1
8/24
10/24
John Hancock Floating Rate Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Floating Rate Income Fund (Class A/JFIAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Floating Rate Income Fund (Class A/JFIAX) returned 8.89% (excluding sales charges) for the year ended August 31, 2024. Credit markets, including bank loans and high-yield bonds, delivered strong performance in the period. Generally, credit fundamentals and the macro backdrop were better than anticipated, which led to spread compression, limited defaults, and active capital markets activity during the period.
TOP PERFORMANCE CONTRIBUTORS
Single-B rated banks loans | This was the largest ratings allocation in the portfolio which delivered strong absolute performance during the period.
Structured credit | Structured credit, which consists of investment-grade CLO debt tranches, made a meaningful contribution to total return.
High-yield bonds | This sector was an off-benchmark allocation which delivered strong absolute returns during the period.
TOP PERFORMANCE DETRACTORS
Asset classes | There were no asset classes or ratings segments that detracted from absolute performance in the period.
Credit positions | A number of individual positions in the portfolio were down more than 5%.
The views expressed in this report are exclusively those of the portfolio management team at BCSF Advisors, LP (“Bain Capital Credit”), and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 2.50%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Term loans | |
| Asset backed securities | |
| Corporate bonds | |
| Common stocks | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827195
328A-A
8/24
10/24
John Hancock Floating Rate Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Floating Rate Income Fund (Class C/JFIGX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Floating Rate Income Fund (Class C/JFIGX) returned 8.08% (excluding sales charges) for the year ended August 31, 2024. Credit markets, including bank loans and high-yield bonds, delivered strong performance in the period. Generally, credit fundamentals and the macro backdrop were better than anticipated, which led to spread compression, limited defaults, and active capital markets activity during the period.
TOP PERFORMANCE CONTRIBUTORS
Single-B rated banks loans | This was the largest ratings allocation in the portfolio which delivered strong absolute performance during the period.
Structured credit | Structured credit, which consists of investment-grade CLO debt tranches, made a meaningful contribution to total return.
High-yield bonds | This sector was an off-benchmark allocation which delivered strong absolute returns during the period.
TOP PERFORMANCE DETRACTORS
Asset classes | There were no asset classes or ratings segments that detracted from absolute performance in the period.
Credit positions | A number of individual positions in the portfolio were down more than 5%.
The views expressed in this report are exclusively those of the portfolio management team at BCSF Advisors, LP (“Bain Capital Credit”), and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Term loans | |
| Asset backed securities | |
| Corporate bonds | |
| Common stocks | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827195
328A-C
8/24
10/24
John Hancock Floating Rate Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Floating Rate Income Fund (Class I/JFIIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Floating Rate Income Fund (Class I/JFIIX) returned 9.13% for the year ended August 31, 2024. Credit markets, including bank loans and high-yield bonds, delivered strong performance in the period. Generally, credit fundamentals and the macro backdrop were better than anticipated, which led to spread compression, limited defaults, and active capital markets activity during the period.
TOP PERFORMANCE CONTRIBUTORS
Single-B rated banks loans | This was the largest ratings allocation in the portfolio which delivered strong absolute performance during the period.
Structured credit | Structured credit, which consists of investment-grade CLO debt tranches, made a meaningful contribution to total return.
High-yield bonds | This sector was an off-benchmark allocation which delivered strong absolute returns during the period.
TOP PERFORMANCE DETRACTORS
Asset classes | There were no asset classes or ratings segments that detracted from absolute performance in the period.
Credit positions | A number of individual positions in the portfolio were down more than 5%.
The views expressed in this report are exclusively those of the portfolio management team at BCSF Advisors, LP (“Bain Capital Credit”), and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Term loans | |
| Asset backed securities | |
| Corporate bonds | |
| Common stocks | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827195
328A-I
8/24
10/24
John Hancock Floating Rate Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Floating Rate Income Fund (Class NAV/JFIDX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Floating Rate Income Fund (Class NAV/JFIDX) returned 9.26% for the year ended August 31, 2024. Credit markets, including bank loans and high-yield bonds, delivered strong performance in the period. Generally, credit fundamentals and the macro backdrop were better than anticipated, which led to spread compression, limited defaults, and active capital markets activity during the period.
TOP PERFORMANCE CONTRIBUTORS
Single-B rated banks loans | This was the largest ratings allocation in the portfolio which delivered strong absolute performance during the period.
Structured credit | Structured credit, which consists of investment-grade CLO debt tranches, made a meaningful contribution to total return.
High-yield bonds | This sector was an off-benchmark allocation which delivered strong absolute returns during the period.
TOP PERFORMANCE DETRACTORS
Asset classes | There were no asset classes or ratings segments that detracted from absolute performance in the period.
Credit positions | A number of individual positions in the portfolio were down more than 5%.
The views expressed in this report are exclusively those of the portfolio management team at BCSF Advisors, LP (“Bain Capital Credit”), and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Term loans | |
| Asset backed securities | |
| Corporate bonds | |
| Common stocks | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827195
328A-NAV
8/24
10/24
John Hancock Floating Rate Income Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Floating Rate Income Fund (Class R6/JFIRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Floating Rate Income Fund (Class R6/JFIRX) returned 9.39% for the year ended August 31, 2024. Credit markets, including bank loans and high-yield bonds, delivered strong performance in the period. Generally, credit fundamentals and the macro backdrop were better than anticipated, which led to spread compression, limited defaults, and active capital markets activity during the period.
TOP PERFORMANCE CONTRIBUTORS
Single-B rated banks loans | This was the largest ratings allocation in the portfolio which delivered strong absolute performance during the period.
Structured credit | Structured credit, which consists of investment-grade CLO debt tranches, made a meaningful contribution to total return.
High-yield bonds | This sector was an off-benchmark allocation which delivered strong absolute returns during the period.
TOP PERFORMANCE DETRACTORS
Asset classes | There were no asset classes or ratings segments that detracted from absolute performance in the period.
Credit positions | A number of individual positions in the portfolio were down more than 5%.
The views expressed in this report are exclusively those of the portfolio management team at BCSF Advisors, LP (“Bain Capital Credit”), and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated Bloomberg U.S. Aggregate Bond Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Term loans | |
| Asset backed securities | |
| Corporate bonds | |
| Common stocks | |
| Short-term investments and other | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827195
328A-R6
8/24
10/24
John Hancock Disciplined Value Emerging Markets Equity Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Emerging Markets Equity Fund (Class A/JEVAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Fund (Class A/JEVAX) returned 1.12% (excluding sales charges) for the year ended August 31, 2024. Emerging markets equities gained ground for much of the period but experienced highly volatile performance between June and August 2024. In early August, emerging markets equities sold off on concern about slowing U.S. economic growth and a narrowing gap between interest rates in the U.S. and Japan. The sell-off proved overdone, however, and equities finished the month on an upswing. Effective May 30, 2024, Boston Partners Global Investors, Inc. became the fund’s subadvisor replacing Dimensional Fund Advisors LP.
TOP PERFORMANCE CONTRIBUTORS
Information technology | A position in semiconductor maker Taiwan Semiconductor Manufacturing Company Ltd., a leading producer of AI chips, helped most.
India | The fund’s Indian investments, such as Bharti Airtel Limited and Reliance Industries, combined to add value.
Financials sector | Financials stocks, including Bank of China Limited and China Construction Bank Corporation, collectively added value.
TOP PERFORMANCE DETRACTORS
China | Certain China-related investments, such as Wuxi NCE Power Co. Ltd. and Beijing New Building Materials (Group) Co. Ltd., meaningfully hurt results.
Materials sector | The fund’s chemicals businesses, including Hubei Xingfa Chemicals Group Co., Ltd. and Satellite Chemical Co. Ltd, struggled late in the second quarter and the first several weeks of the third quarter of 2024, hampering the fund’s performance.
Consumer discretionary sector | Consumer discretionary brands for mid- and high-priced items, including JD.com, Inc., Midea Group Co. Ltd, and Gree Electric Appliances, Inc. of Zhuhai, saw slowing business.
The views expressed in this report are exclusively those of the portfolio management team at Boston Partners Global Investors, Inc., and are subject to change. They are not meant as investment advice. Effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund’s subadvisor.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated MSCI Emerging Markets Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Alibaba Group Holding, Ltd. | |
| Tencent Holdings, Ltd. | |
| America Movil SAB de CV | |
| JD.com, Inc., ADR | |
| Wuxi NCE Power Company, Ltd., Class A | |
| Silergy Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Techtronic Industries Company, Ltd. | |
| Teva Pharmaceutical Industries, Ltd., ADR | |
| BRF SA | |
Sector Composition
| Information technology | |
| Consumer discretionary | |
| Industrials | |
| Communication services | |
| Consumer staples | |
| Materials | |
| Health care | |
| Financials | |
| Real estate | |
| Energy | |
| Short-term investments and other |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
Prior to May 30, 2024, John Hancock Disciplined Value Emerging Markets Equity Fund was known as John Hancock Emerging Markets Fund.
At a meeting held on March 25-28, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund’s subadvisory arrangements such that effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund's subadvisor.
In addition, at the same meeting, the Board approved a change in the fund’s management fee schedule effective May 30, 2024 whereby the annual rate is as follows: a) 0.780% of the first $100 million of aggregate net assets; b) 0.750% of the next $900 million of aggregate net assets; c) 0.740% of the next $1 billion of aggregate net assets; and d) 0.730% of the excess over $2 billion of aggregate net assets. Prior to May 30, 2024, the annual rates were a) 0.800% of the first $100 million of aggregate net assets; and b) 0.750% of the excess over $100 million of aggregate net assets.
The Board also approved a contractual fund level expense cap effective May 30, 2024 where the advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.87% of average daily net assets of the fund. The agreement expires on December 31, 2025, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.
In connection with the Board actions described above, the principal investment strategies of the fund have been changed to state: The fund will pursue its objective through a value oriented, research-driven strategy of investing in equity securities and financial instruments with equity like characteristics designed to provide exposure to emerging markets. Securities are selected by the adviser using its “three circles” approach which combines a quantitative screening with a fundamental bottom-up selection process. This investment strategy is grounded in the following principles: (1) low valuation stocks outperform high valuation stocks; (2) companies with strong fundamentals, e.g., high and sustainable returns on invested capital, outperform companies with weak fundamentals; and (3) stocks with positive business momentum, e.g., rising earnings estimates, outperform stocks with negative business momentum.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827161
368A-A
8/24
10/24
John Hancock Disciplined Value Emerging Markets Equity Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Emerging Markets Equity Fund (Class C/JEVCX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Fund (Class C/JEVCX) returned 0.34% (excluding sales charges) for the year ended August 31, 2024. Emerging markets equities gained ground for much of the period but experienced highly volatile performance between June and August 2024. In early August, emerging markets equities sold off on concern about slowing U.S. economic growth and a narrowing gap between interest rates in the U.S. and Japan. The sell-off proved overdone, however, and equities finished the month on an upswing. Effective May 30, 2024, Boston Partners Global Investors, Inc. became the fund’s subadvisor replacing Dimensional Fund Advisors LP.
TOP PERFORMANCE CONTRIBUTORS
Information technology | A position in semiconductor maker Taiwan Semiconductor Manufacturing Company Ltd., a leading producer of AI chips, helped most.
India | The fund’s Indian investments, such as Bharti Airtel Limited and Reliance Industries, combined to add value.
Financials sector | Financials stocks, including Bank of China Limited and China Construction Bank Corporation, collectively added value.
TOP PERFORMANCE DETRACTORS
China | Certain China-related investments, such as Wuxi NCE Power Co. Ltd. and Beijing New Building Materials (Group) Co. Ltd., meaningfully hurt results.
Materials sector | The fund’s chemicals businesses, including Hubei Xingfa Chemicals Group Co., Ltd. and Satellite Chemical Co. Ltd, struggled late in the second quarter and the first several weeks of the third quarter of 2024, hampering the fund’s performance.
Consumer discretionary sector | Consumer discretionary brands for mid- and high-priced items, including JD.com, Inc., Midea Group Co. Ltd, and Gree Electric Appliances, Inc. of Zhuhai, saw slowing business.
The views expressed in this report are exclusively those of the portfolio management team at Boston Partners Global Investors, Inc., and are subject to change. They are not meant as investment advice. Effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund’s subadvisor.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
| ( |
|||
|
|
The fund has designated MSCI Emerging Markets Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Alibaba Group Holding, Ltd. | |
| Tencent Holdings, Ltd. | |
| America Movil SAB de CV | |
| JD.com, Inc., ADR | |
| Wuxi NCE Power Company, Ltd., Class A | |
| Silergy Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Techtronic Industries Company, Ltd. | |
| Teva Pharmaceutical Industries, Ltd., ADR | |
| BRF SA | |
Sector Composition
| Information technology | |
| Consumer discretionary | |
| Industrials | |
| Communication services | |
| Consumer staples | |
| Materials | |
| Health care | |
| Financials | |
| Real estate | |
| Energy | |
| Short-term investments and other |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
Prior to May 30, 2024, John Hancock Disciplined Value Emerging Markets Equity Fund was known as John Hancock Emerging Markets Fund.
At a meeting held on March 25-28, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund’s subadvisory arrangements such that effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund's subadvisor.
In addition, at the same meeting, the Board approved a change in the fund’s management fee schedule effective May 30, 2024 whereby the annual rate is as follows: a) 0.780% of the first $100 million of aggregate net assets; b) 0.750% of the next $900 million of aggregate net assets; c) 0.740% of the next $1 billion of aggregate net assets; and d) 0.730% of the excess over $2 billion of aggregate net assets. Prior to May 30, 2024, the annual rates were a) 0.800% of the first $100 million of aggregate net assets; and b) 0.750% of the excess over $100 million of aggregate net assets.
The Board also approved a contractual fund level expense cap effective May 30, 2024 where the advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.87% of average daily net assets of the fund. The agreement expires on December 31, 2025, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.
In connection with the Board actions described above, the principal investment strategies of the fund have been changed to state: The fund will pursue its objective through a value oriented, research-driven strategy of investing in equity securities and financial instruments with equity like characteristics designed to provide exposure to emerging markets. Securities are selected by the adviser using its “three circles” approach which combines a quantitative screening with a fundamental bottom-up selection process. This investment strategy is grounded in the following principles: (1) low valuation stocks outperform high valuation stocks; (2) companies with strong fundamentals, e.g., high and sustainable returns on invested capital, outperform companies with weak fundamentals; and (3) stocks with positive business momentum, e.g., rising earnings estimates, outperform stocks with negative business momentum.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827161
368A-C
8/24
10/24
John Hancock Disciplined Value Emerging Markets Equity Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Emerging Markets Equity Fund (Class I/JEVIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Fund (Class I/JEVIX) returned 1.40% for the year ended August 31, 2024. Emerging markets equities gained ground for much of the period but experienced highly volatile performance between June and August 2024. In early August, emerging markets equities sold off on concern about slowing U.S. economic growth and a narrowing gap between interest rates in the U.S. and Japan. The sell-off proved overdone, however, and equities finished the month on an upswing. Effective May 30, 2024, Boston Partners Global Investors, Inc. became the fund’s subadvisor replacing Dimensional Fund Advisors LP.
TOP PERFORMANCE CONTRIBUTORS
Information technology | A position in semiconductor maker Taiwan Semiconductor Manufacturing Company Ltd., a leading producer of AI chips, helped most.
India | The fund’s Indian investments, such as Bharti Airtel Limited and Reliance Industries, combined to add value.
Financials sector | Financials stocks, including Bank of China Limited and China Construction Bank Corporation, collectively added value.
TOP PERFORMANCE DETRACTORS
China | Certain China-related investments, such as Wuxi NCE Power Co. Ltd. and Beijing New Building Materials (Group) Co. Ltd., meaningfully hurt results.
Materials sector | The fund’s chemicals businesses, including Hubei Xingfa Chemicals Group Co., Ltd. and Satellite Chemical Co. Ltd, struggled late in the second quarter and the first several weeks of the third quarter of 2024, hampering the fund’s performance.
Consumer discretionary sector | Consumer discretionary brands for mid- and high-priced items, including JD.com, Inc., Midea Group Co. Ltd, and Gree Electric Appliances, Inc. of Zhuhai, saw slowing business.
The views expressed in this report are exclusively those of the portfolio management team at Boston Partners Global Investors, Inc., and are subject to change. They are not meant as investment advice. Effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund’s subadvisor.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated MSCI Emerging Markets Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Alibaba Group Holding, Ltd. | |
| Tencent Holdings, Ltd. | |
| America Movil SAB de CV | |
| JD.com, Inc., ADR | |
| Wuxi NCE Power Company, Ltd., Class A | |
| Silergy Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Techtronic Industries Company, Ltd. | |
| Teva Pharmaceutical Industries, Ltd., ADR | |
| BRF SA | |
Sector Composition
| Information technology | |
| Consumer discretionary | |
| Industrials | |
| Communication services | |
| Consumer staples | |
| Materials | |
| Health care | |
| Financials | |
| Real estate | |
| Energy | |
| Short-term investments and other |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
Prior to May 30, 2024, John Hancock Disciplined Value Emerging Markets Equity Fund was known as John Hancock Emerging Markets Fund.
At a meeting held on March 25-28, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund’s subadvisory arrangements such that effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund's subadvisor.
In addition, at the same meeting, the Board approved a change in the fund’s management fee schedule effective May 30, 2024 whereby the annual rate is as follows: a) 0.780% of the first $100 million of aggregate net assets; b) 0.750% of the next $900 million of aggregate net assets; c) 0.740% of the next $1 billion of aggregate net assets; and d) 0.730% of the excess over $2 billion of aggregate net assets. Prior to May 30, 2024, the annual rates were a) 0.800% of the first $100 million of aggregate net assets; and b) 0.750% of the excess over $100 million of aggregate net assets.
The Board also approved a contractual fund level expense cap effective May 30, 2024 where the advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.87% of average daily net assets of the fund. The agreement expires on December 31, 2025, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.
In connection with the Board actions described above, the principal investment strategies of the fund have been changed to state: The fund will pursue its objective through a value oriented, research-driven strategy of investing in equity securities and financial instruments with equity like characteristics designed to provide exposure to emerging markets. Securities are selected by the adviser using its “three circles” approach which combines a quantitative screening with a fundamental bottom-up selection process. This investment strategy is grounded in the following principles: (1) low valuation stocks outperform high valuation stocks; (2) companies with strong fundamentals, e.g., high and sustainable returns on invested capital, outperform companies with weak fundamentals; and (3) stocks with positive business momentum, e.g., rising earnings estimates, outperform stocks with negative business momentum.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827161
368A-I
8/24
10/24
John Hancock Disciplined Value Emerging Markets Equity Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Emerging Markets Equity Fund (Class NAV/JEVNX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Fund (Class NAV/JEVNX) returned 1.53% for the year ended August 31, 2024. Emerging markets equities gained ground for much of the period but experienced highly volatile performance between June and August 2024. In early August, emerging markets equities sold off on concern about slowing U.S. economic growth and a narrowing gap between interest rates in the U.S. and Japan. The sell-off proved overdone, however, and equities finished the month on an upswing. Effective May 30, 2024, Boston Partners Global Investors, Inc. became the fund’s subadvisor replacing Dimensional Fund Advisors LP.
TOP PERFORMANCE CONTRIBUTORS
Information technology | A position in semiconductor maker Taiwan Semiconductor Manufacturing Company Ltd., a leading producer of AI chips, helped most.
India | The fund’s Indian investments, such as Bharti Airtel Limited and Reliance Industries, combined to add value.
Financials sector | Financials stocks, including Bank of China Limited and China Construction Bank Corporation, collectively added value.
TOP PERFORMANCE DETRACTORS
China | Certain China-related investments, such as Wuxi NCE Power Co. Ltd. and Beijing New Building Materials (Group) Co. Ltd., meaningfully hurt results.
Materials sector | The fund’s chemicals businesses, including Hubei Xingfa Chemicals Group Co., Ltd. and Satellite Chemical Co. Ltd, struggled late in the second quarter and the first several weeks of the third quarter of 2024, hampering the fund’s performance.
Consumer discretionary sector | Consumer discretionary brands for mid- and high-priced items, including JD.com, Inc., Midea Group Co. Ltd, and Gree Electric Appliances, Inc. of Zhuhai, saw slowing business.
The views expressed in this report are exclusively those of the portfolio management team at Boston Partners Global Investors, Inc., and are subject to change. They are not meant as investment advice. Effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund’s subadvisor.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated MSCI Emerging Markets Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Alibaba Group Holding, Ltd. | |
| Tencent Holdings, Ltd. | |
| America Movil SAB de CV | |
| JD.com, Inc., ADR | |
| Wuxi NCE Power Company, Ltd., Class A | |
| Silergy Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Techtronic Industries Company, Ltd. | |
| Teva Pharmaceutical Industries, Ltd., ADR | |
| BRF SA | |
Sector Composition
| Information technology | |
| Consumer discretionary | |
| Industrials | |
| Communication services | |
| Consumer staples | |
| Materials | |
| Health care | |
| Financials | |
| Real estate | |
| Energy | |
| Short-term investments and other |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
Prior to May 30, 2024, John Hancock Disciplined Value Emerging Markets Equity Fund was known as John Hancock Emerging Markets Fund.
At a meeting held on March 25-28, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund’s subadvisory arrangements such that effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund's subadvisor.
In addition, at the same meeting, the Board approved a change in the fund’s management fee schedule effective May 30, 2024 whereby the annual rate is as follows: a) 0.780% of the first $100 million of aggregate net assets; b) 0.750% of the next $900 million of aggregate net assets; c) 0.740% of the next $1 billion of aggregate net assets; and d) 0.730% of the excess over $2 billion of aggregate net assets. Prior to May 30, 2024, the annual rates were a) 0.800% of the first $100 million of aggregate net assets; and b) 0.750% of the excess over $100 million of aggregate net assets.
The Board also approved a contractual fund level expense cap effective May 30, 2024 where the advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.87% of average daily net assets of the fund. The agreement expires on December 31, 2025, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.
In connection with the Board actions described above, the principal investment strategies of the fund have been changed to state: The fund will pursue its objective through a value oriented, research-driven strategy of investing in equity securities and financial instruments with equity like characteristics designed to provide exposure to emerging markets. Securities are selected by the adviser using its “three circles” approach which combines a quantitative screening with a fundamental bottom-up selection process. This investment strategy is grounded in the following principles: (1) low valuation stocks outperform high valuation stocks; (2) companies with strong fundamentals, e.g., high and sustainable returns on invested capital, outperform companies with weak fundamentals; and (3) stocks with positive business momentum, e.g., rising earnings estimates, outperform stocks with negative business momentum.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827161
368A-NAV
8/24
10/24
John Hancock Disciplined Value Emerging Markets Equity Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Disciplined Value Emerging Markets Equity Fund (Class R6/JEVRX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Disciplined Value Emerging Markets Equity Fund (Class R6/JEVRX) returned 1.53% for the year ended August 31, 2024. Emerging markets equities gained ground for much of the period but experienced highly volatile performance between June and August 2024. In early August, emerging markets equities sold off on concern about slowing U.S. economic growth and a narrowing gap between interest rates in the U.S. and Japan. The sell-off proved overdone, however, and equities finished the month on an upswing. Effective May 30, 2024, Boston Partners Global Investors, Inc. became the fund’s subadvisor replacing Dimensional Fund Advisors LP.
TOP PERFORMANCE CONTRIBUTORS
Information technology | A position in semiconductor maker Taiwan Semiconductor Manufacturing Company Ltd., a leading producer of AI chips, helped most.
India | The fund’s Indian investments, such as Bharti Airtel Limited and Reliance Industries, combined to add value.
Financials sector | Financials stocks, including Bank of China Limited and China Construction Bank Corporation, collectively added value.
TOP PERFORMANCE DETRACTORS
China | Certain China-related investments, such as Wuxi NCE Power Co. Ltd. and Beijing New Building Materials (Group) Co. Ltd., meaningfully hurt results.
Materials sector | The fund’s chemicals businesses, including Hubei Xingfa Chemicals Group Co., Ltd. and Satellite Chemical Co. Ltd, struggled late in the second quarter and the first several weeks of the third quarter of 2024, hampering the fund’s performance.
Consumer discretionary sector | Consumer discretionary brands for mid- and high-priced items, including JD.com, Inc., Midea Group Co. Ltd, and Gree Electric Appliances, Inc. of Zhuhai, saw slowing business.
The views expressed in this report are exclusively those of the portfolio management team at Boston Partners Global Investors, Inc., and are subject to change. They are not meant as investment advice. Effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund’s subadvisor.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated MSCI Emerging Markets Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Top Ten Holdings
| Alibaba Group Holding, Ltd. | |
| Tencent Holdings, Ltd. | |
| America Movil SAB de CV | |
| JD.com, Inc., ADR | |
| Wuxi NCE Power Company, Ltd., Class A | |
| Silergy Corp. | |
| Taiwan Semiconductor Manufacturing Company, Ltd. | |
| Techtronic Industries Company, Ltd. | |
| Teva Pharmaceutical Industries, Ltd., ADR | |
| BRF SA | |
Sector Composition
| Information technology | |
| Consumer discretionary | |
| Industrials | |
| Communication services | |
| Consumer staples | |
| Materials | |
| Health care | |
| Financials | |
| Real estate | |
| Energy | |
| Short-term investments and other |
Country Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
Prior to May 30, 2024, John Hancock Disciplined Value Emerging Markets Equity Fund was known as John Hancock Emerging Markets Fund.
At a meeting held on March 25-28, 2024, the Board of Trustees of the Trust (the Board) approved changes to the fund’s subadvisory arrangements such that effective May 30, 2024, Dimensional Fund Advisors LP was replaced by Boston Partners Global Investors, Inc. as the fund's subadvisor.
In addition, at the same meeting, the Board approved a change in the fund’s management fee schedule effective May 30, 2024 whereby the annual rate is as follows: a) 0.780% of the first $100 million of aggregate net assets; b) 0.750% of the next $900 million of aggregate net assets; c) 0.740% of the next $1 billion of aggregate net assets; and d) 0.730% of the excess over $2 billion of aggregate net assets. Prior to May 30, 2024, the annual rates were a) 0.800% of the first $100 million of aggregate net assets; and b) 0.750% of the excess over $100 million of aggregate net assets.
The Board also approved a contractual fund level expense cap effective May 30, 2024 where the advisor contractually agrees to reduce its management fee or, if necessary, make payment to the fund in an amount equal to the amount by which expenses of the fund exceed 0.87% of average daily net assets of the fund. The agreement expires on December 31, 2025, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.
In connection with the Board actions described above, the principal investment strategies of the fund have been changed to state: The fund will pursue its objective through a value oriented, research-driven strategy of investing in equity securities and financial instruments with equity like characteristics designed to provide exposure to emerging markets. Securities are selected by the adviser using its “three circles” approach which combines a quantitative screening with a fundamental bottom-up selection process. This investment strategy is grounded in the following principles: (1) low valuation stocks outperform high valuation stocks; (2) companies with strong fundamentals, e.g., high and sustainable returns on invested capital, outperform companies with weak fundamentals; and (3) stocks with positive business momentum, e.g., rising earnings estimates, outperform stocks with negative business momentum.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827161
368A-R6
8/24
10/24
John Hancock Emerging Markets Debt Fund
Annual SHAREHOLDER REPORT | August 31, 2024
This report describes changes to the fund that occurred during the reporting period.
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Emerging Markets Debt Fund (Class A/JMKAX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Emerging Markets Debt Fund (Class A/JMKAX) returned 14.09% (excluding sales charges) for the year ended August 31, 2024. The most significant factor affecting fund performance during the period was a meaningful rally in emerging markets bonds, resulting primarily from declining inflation and interest rate cuts by central banks in many emerging market countries.
TOP PERFORMANCE CONTRIBUTORS
Argentinian government bonds | Denominated in U.S. dollars, these securities benefited from optimism surrounding lower inflation and potential fiscal reforms by the Argentinian government.
Egyptian government bonds | Government bonds in Egypt benefited from expectations that foreign loans and investment will help shore up the country's struggling economy.
Petroleos Mexicanos (Pemex) | Bonds issued by the Mexican state-run petroleum company rallied on support from the newly elected president’s administration.
TOP PERFORMANCE DETRACTORS
Brazilian government bonds | Local-currency bonds in Brazil declined due to a significant depreciation in the Brazilian real versus the U.S. dollar.
WOM SA | Bonds issued by the Chilean telecommunication services company fell amid a challenging competitive landscape and difficulty refinancing an upcoming bond maturity.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated JP Morgan EMBI Global Diversified Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 4.00%. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Foreign government obligations | |
| Corporate bonds | |
| Private sector | |
| Quasi-sovereign | |
| Common stocks | |
| Short-term investments and other |
Country Composition
| Mexico | |
| Indonesia | |
| Turkey | |
| Egypt | |
| Peru | |
| Saudi Arabia | |
| United States | |
| Brazil | |
| India | |
| Dominican Republic | |
| Other countries | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Material Fund Changes
At a meeting held on December 12–14, 2023, the fund’s Board of Trustees approved a change to the contingent deferred sales charge (CDSC) for Class A shares. As a result, effective March 1, 2024, the maximum CDSC as a percentage of purchase or sale price, whichever is less, was reduced from 1.00% on certain purchases of $1 million or more, to 0.75% on certain purchases of $500,000 or more.
This is a summary of certain changes to the fund since 9-1-23. For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/documents or by calling 800-225-5291 .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827170
358A-A
8/24
10/24
John Hancock Emerging Markets Debt Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Emerging Markets Debt Fund (Class C/JMKCX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Emerging Markets Debt Fund (Class C/JMKCX) returned 13.19% (excluding sales charges) for the year ended August 31, 2024. The most significant factor affecting fund performance during the period was a meaningful rally in emerging markets bonds, resulting primarily from declining inflation and interest rate cuts by central banks in many emerging market countries.
TOP PERFORMANCE CONTRIBUTORS
Argentinian government bonds | Denominated in U.S. dollars, these securities benefited from optimism surrounding lower inflation and potential fiscal reforms by the Argentinian government.
Egyptian government bonds | Government bonds in Egypt benefited from expectations that foreign loans and investment will help shore up the country's struggling economy.
Petroleos Mexicanos (Pemex) | Bonds issued by the Mexican state-run petroleum company rallied on support from the newly elected president’s administration.
TOP PERFORMANCE DETRACTORS
Brazilian government bonds | Local-currency bonds in Brazil declined due to a significant depreciation in the Brazilian real versus the U.S. dollar.
WOM SA | Bonds issued by the Chilean telecommunication services company fell amid a challenging competitive landscape and difficulty refinancing an upcoming bond maturity.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated JP Morgan EMBI Global Diversified Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Class C shares sold within one year of purchase are subject to a 1.00% contingent deferred sales charge. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Foreign government obligations | |
| Corporate bonds | |
| Private sector | |
| Quasi-sovereign | |
| Common stocks | |
| Short-term investments and other |
Country Composition
| Mexico | |
| Indonesia | |
| Turkey | |
| Egypt | |
| Peru | |
| Saudi Arabia | |
| United States | |
| Brazil | |
| India | |
| Dominican Republic | |
| Other countries | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827170
358A-C
8/24
10/24
John Hancock Emerging Markets Debt Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Emerging Markets Debt Fund (Class I/JMKIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Emerging Markets Debt Fund (Class I/JMKIX) returned 14.28% for the year ended August 31, 2024. The most significant factor affecting fund performance during the period was a meaningful rally in emerging markets bonds, resulting primarily from declining inflation and interest rate cuts by central banks in many emerging market countries.
TOP PERFORMANCE CONTRIBUTORS
Argentinian government bonds | Denominated in U.S. dollars, these securities benefited from optimism surrounding lower inflation and potential fiscal reforms by the Argentinian government.
Egyptian government bonds | Government bonds in Egypt benefited from expectations that foreign loans and investment will help shore up the country's struggling economy.
Petroleos Mexicanos (Pemex) | Bonds issued by the Mexican state-run petroleum company rallied on support from the newly elected president’s administration.
TOP PERFORMANCE DETRACTORS
Brazilian government bonds | Local-currency bonds in Brazil declined due to a significant depreciation in the Brazilian real versus the U.S. dollar.
WOM SA | Bonds issued by the Chilean telecommunication services company fell amid a challenging competitive landscape and difficulty refinancing an upcoming bond maturity.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $250,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $250,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated JP Morgan EMBI Global Diversified Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Foreign government obligations | |
| Corporate bonds | |
| Private sector | |
| Quasi-sovereign | |
| Common stocks | |
| Short-term investments and other |
Country Composition
| Mexico | |
| Indonesia | |
| Turkey | |
| Egypt | |
| Peru | |
| Saudi Arabia | |
| United States | |
| Brazil | |
| India | |
| Dominican Republic | |
| Other countries | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827170
358A-I
8/24
10/24
John Hancock Emerging Markets Debt Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Emerging Markets Debt Fund (Class NAV) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Emerging Markets Debt Fund (Class NAV) returned 14.44% for the year ended August 31, 2024. The most significant factor affecting fund performance during the period was a meaningful rally in emerging markets bonds, resulting primarily from declining inflation and interest rate cuts by central banks in many emerging market countries.
TOP PERFORMANCE CONTRIBUTORS
Argentinian government bonds | Denominated in U.S. dollars, these securities benefited from optimism surrounding lower inflation and potential fiscal reforms by the Argentinian government.
Egyptian government bonds | Government bonds in Egypt benefited from expectations that foreign loans and investment will help shore up the country's struggling economy.
Petroleos Mexicanos (Pemex) | Bonds issued by the Mexican state-run petroleum company rallied on support from the newly elected president’s administration.
TOP PERFORMANCE DETRACTORS
Brazilian government bonds | Local-currency bonds in Brazil declined due to a significant depreciation in the Brazilian real versus the U.S. dollar.
WOM SA | Bonds issued by the Chilean telecommunication services company fell amid a challenging competitive landscape and difficulty refinancing an upcoming bond maturity.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated JP Morgan EMBI Global Diversified Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Foreign government obligations | |
| Corporate bonds | |
| Private sector | |
| Quasi-sovereign | |
| Common stocks | |
| Short-term investments and other |
Country Composition
| Mexico | |
| Indonesia | |
| Turkey | |
| Egypt | |
| Peru | |
| Saudi Arabia | |
| United States | |
| Brazil | |
| India | |
| Dominican Republic | |
| Other countries | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827170
358A-NAV
8/24
10/24
John Hancock Emerging Markets Debt Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Emerging Markets Debt Fund (Class R2/JHEMX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Emerging Markets Debt Fund (Class R2/JHEMX) returned 14.16% for the year ended August 31, 2024. The most significant factor affecting fund performance during the period was a meaningful rally in emerging markets bonds, resulting primarily from declining inflation and interest rate cuts by central banks in many emerging market countries.
TOP PERFORMANCE CONTRIBUTORS
Argentinian government bonds | Denominated in U.S. dollars, these securities benefited from optimism surrounding lower inflation and potential fiscal reforms by the Argentinian government.
Egyptian government bonds | Government bonds in Egypt benefited from expectations that foreign loans and investment will help shore up the country's struggling economy.
Petroleos Mexicanos (Pemex) | Bonds issued by the Mexican state-run petroleum company rallied on support from the newly elected president’s administration.
TOP PERFORMANCE DETRACTORS
Brazilian government bonds | Local-currency bonds in Brazil declined due to a significant depreciation in the Brazilian real versus the U.S. dollar.
WOM SA | Bonds issued by the Chilean telecommunication services company fell amid a challenging competitive landscape and difficulty refinancing an upcoming bond maturity.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated JP Morgan EMBI Global Diversified Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Foreign government obligations | |
| Corporate bonds | |
| Private sector | |
| Quasi-sovereign | |
| Common stocks | |
| Short-term investments and other |
Country Composition
| Mexico | |
| Indonesia | |
| Turkey | |
| Egypt | |
| Peru | |
| Saudi Arabia | |
| United States | |
| Brazil | |
| India | |
| Dominican Republic | |
| Other countries | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF3827170
358A-R2
8/24
10/24
John Hancock Emerging Markets Debt Fund
Annual SHAREHOLDER REPORT | August 31, 2024
What were the fund costs during the last year?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Emerging Markets Debt Fund (Class R6/JEMIX) |
$ |
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
Emerging Markets Debt Fund (Class R6/JEMIX) returned 14.42% for the year ended August 31, 2024. The most significant factor affecting fund performance during the period was a meaningful rally in emerging markets bonds, resulting primarily from declining inflation and interest rate cuts by central banks in many emerging market countries.
TOP PERFORMANCE CONTRIBUTORS
Argentinian government bonds | Denominated in U.S. dollars, these securities benefited from optimism surrounding lower inflation and potential fiscal reforms by the Argentinian government.
Egyptian government bonds | Government bonds in Egypt benefited from expectations that foreign loans and investment will help shore up the country's struggling economy.
Petroleos Mexicanos (Pemex) | Bonds issued by the Mexican state-run petroleum company rallied on support from the newly elected president’s administration.
TOP PERFORMANCE DETRACTORS
Brazilian government bonds | Local-currency bonds in Brazil declined due to a significant depreciation in the Brazilian real versus the U.S. dollar.
WOM SA | Bonds issued by the Chilean telecommunication services company fell amid a challenging competitive landscape and difficulty refinancing an upcoming bond maturity.
The views expressed in this report are exclusively those of the portfolio management team at Manulife Investment Management (US) LLC, and are subject to change. They are not meant as investment advice.
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
| AVERAGE ANNUAL TOTAL RETURN | 1 Year | 5 Years | 10 Years |
|
|
The fund has designated JP Morgan EMBI Global Diversified Index as its broad-based securities market index in accordance with the revised definition for such an index.
|
Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown and can be found at jhinvestments.com/investments or by calling 800-225-5291. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.
Fund Statistics
| Fund net assets | $ |
| Total number of portfolio holdings | |
| Total advisory fees paid (net) | $ |
| Portfolio turnover rate |
Graphical Representation of Holdings
The tables below show the investment makeup of the fund, representing percentage of the total net assets of the fund.
Portfolio Composition
| Foreign government obligations | |
| Corporate bonds | |
| Private sector | |
| Quasi-sovereign | |
| Common stocks | |
| Short-term investments and other |
Country Composition
| Mexico | |
| Indonesia | |
| Turkey | |
| Egypt | |
| Peru | |
| Saudi Arabia | |
| United States | |
| Brazil | |
| India | |
| Dominican Republic | |
| Other countries | |
Quality Composition
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectuses. For more information, please refer to the "Principal risks" section of the prospectuses.
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC 200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investment Management, Stylized M Design, and Manulife Investment Management & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
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