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
--------

JOHN HANCOCK FUNDS II
---------------------------------------------------------
(Exact name of registrant as specified in charter)

601 CONGRESS STREET, BOSTON, MA 02210-2805
-------------------------------------------------------------
(Address of principal executive offices) (Zip code)

GORDON M. SHONE, 601 CONGRESS STREET, BOSTON, MA 02210-2805
------------------------------------------------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: (617) 663-3000
--------------

Date of fiscal year end: 8/31
------

Date of reporting period: 2/28/06
-------

ITEM 1. REPORTS TO STOCKHOLDERS.

The Registrant prepared six semi annual reports to shareholders for the period ended February 28, 2006. The first report applies to 48 of the Registrant’s portfolios, the second report applies to Lifestyle Aggressive Portfolio, the third report applies to Lifestyle Balanced Portfolio, the fourth report applies to Lifestyle Conservative Portfolio, the fifth report applies to Lifestyle Growth Portfolio, and the sixth report applies to Lifestyle Moderate Portfolio.

John Hancock Funds II
President’s Message

February 28, 2006

To our shareholders:

After producing modest returns in 2005, the stock market started off strong in the first two months of 2006. The major indexes all advanced and produced two-month returns that were already half as much as the market’s returns for all of 2005. For example, the Standard & Poor’s 500 Index returned 2.93% through February 2006, versus 4.91% last year in total. Investors were encouraged by solid corporate earnings, a slower-growing economy and stable inflation, which suggested the Federal Reserve could be coming close to the end of their 18-month campaign of rising interest rates.

Although a solid yearly beginning has typically augured well for the rest of the year, it is anyone’s guess where the market will end 2006, especially given the wild cards of interest rate moves and record-high energy prices and their impact on corporate profits and the economy.

One thing we do know, however, is that the stock market’s pattern is one of extremes. Consider the last 10 years. From 1995 through 1999, we saw double-digit returns in excess of 20% per year, only to have 2000 through 2002 produce ever-increasing negative results, followed by another 20%-plus up year in 2004 and a less than 5% advance in 2005. Since 1926, the market, as measured by the Standard & Poor’s 500 Index, has produced average annual results of 10.4% . However, that “normal” return is rarely produced in any given year. In fact, calendar-year returns of 8% to 12% have occurred only five times in the 80 years since 1926.

Although the past in no way predicts the future, we have learned at least one lesson from history: Expect highs and lows in the short term, but always invest for the long term. Equally important: Work with your financial professional to maintain a diversified portfolio, spread out among not only different asset classes —stocks, bonds and cash — but also among various investment styles. It’s the best way we know of to benefit from, and weather, the market’s extremes.

Sincerely,

Keith F. Hartstein
President and Chief Executive Officer

John Hancock Funds II
Semiannual Report — Table of Contents

Sector Weightings	4
Understanding Your Fund’s Expenses	10
Statements of Assets and Liabilities	27
Statements of Operations	39
Statements of Changes in Net Assets	51
Financial Highlights	59
Portfolio of Investments (See below for each Fund’s page #)	107
Notes to Financial Statements	317
Evaluation of Advisory and Subadivsory Agreements by the Board of Trustees	344
Appendix A	346

	Portfolio of		Portfolio of
Portfolio	Investments	Portfolio	Investments
500 Index Fund	107	Mid Cap Stock Fund	214
Active Bond Fund	113	Mid Cap Value Fund	216
All Cap Growth Fund	127	Natural Resources Fund	218
All Cap Value Fund	129	Quantitative Mid Cap Fund	219
Blue Chip Growth Fund	131	Quantitative Value Fund	220
Capital Appreciation Fund	134	Real Estate Securities Fund	222
Core Bond Fund	135	Real Return Bond Fund	223
Core Equity Fund	142	Small Cap Fund	224
Emerging Growth Fund	143	Small Cap Index Fund	225
Emerging Small Company Fund	145	Small Cap Opportunities Fund	245
Equity-Income Fund	147	Small Company Fund	247
Fundamental Value Fund	150	Small Company Growth Fund	251
Global Bond Fund	151	Small Company Value Fund	254
High Yield Fund	156	Special Value Fund	256
International Equity Index Fund	168	Spectrum Income Fund	259
International Opportunities Fund	183	Strategic Bond Fund	285
International Small Cap Fund	184	Strategic Value Fund	295
International Stock Fund	186	Total Return Fund	296
International Value Fund	191	U.S. Global Leaders Growth Fund	299
Investment Quality Bond Fund	192	U.S. Government Securities Fund	300
Large Cap Fund	204	U.S. High Yield Bond Fund	301
Large Cap Value Fund	205	U.S. Multi Sector Fund	306
Mid Cap Core Fund	207	Value & Restructuring Fund	312
Mid Cap Index Fund	209	Vista Fund	314

3

John Hancock Funds II
Sector Weightings

500 Index Fund
Sector Weighting	% of Total
Basic Materials	2.65
Communications	9.77
Consumer, Cyclical	7.94
Consumer, Non-cyclical	19.69
Energy	8.74
Finance and Insurance	2.82
Financial	19.07
Government	4.83
Industrial	10.53
Mortgage Securities	0.42
Technology	10.30
Utilities	3.11
Other Assets & Liabilities	0.13
Total	100.00
Active Bond Fund
Sector Weighting	% of Total
Asset Backed Securities	1.91
Basic Materials	0.45
Communications	3.35
Consumer, Cyclical	1.34
Consumer, Non-cyclical	1.86
Diversified	0.21
Energy	1.99
Financial	8.48
Government	30.49
Industrial	1.07
Mortgage Securities	44.85
Other Services (except
Public Administration)*	16.97
Short-Term Securities	21.39
Technology	0.02
Utilities	2.67
Other Assets & Liabilities	–37.05
Total	100.00
All Cap Growth Fund
Sector Weighting	% of Total
Basic Materials	3.26
Communications	13.15
Consumer, Cyclical	10.60
Consumer, Non-cyclical	21.00
Energy	6.94
Financial	11.60
Industrial	13.13
Other Services (except
Public Administration)*	2.96
Short-Term Securities	2.35
Technology	18.14
Other Assets & Liabilities	–3.13
Total	100.00

All Cap Value Fund
Sector Weighting	% of Total
Basic Materials	8.05
Communications	8.74
Consumer, Cyclical	10.77
Consumer, Non-cyclical	16.28
Energy	6.10
Financial	10.40
Industrial	27.52
Other Services (except
Public Administration)*	10.77
Short-Term Securities	3.34
Technology	6.01
Utilities	2.59
Other Assets & Liabilities	–10.57
Total	100.00
Blue Chip Growth Fund
Sector Weighting	% of Total
Basic Materials	1.80
Communications	12.30
Consumer, Cyclical	10.78
Consumer, Non-cyclical	21.99
Energy	6.51
Financial	21.24
Industrial	9.14
Other Services (except
Public Administration)*	5.93
Short-Term Securities	0.88
Technology	15.17
Other Assets & Liabilities	–5.74
Total	100.00
Capital Appreciation Fund
Sector Weighting	% of Total
Communications	16.95
Consumer, Cyclical	13.06
Consumer, Non-cyclical	26.33
Energy	5.33
Financial	14.06
Industrial	3.50
Other Services (except
Public Administration)*	0.78
Short-Term Securities	1.63
Technology	19.60
Other Assets & Liabilities	–1.24
Total	100.00

Core Bond Fund
Sector Weighting	% of Total
Asset Backed Securities	12.14
Basic Materials	0.23
Communications	3.31
Consumer, Cyclical	0.31
Consumer, Non-cyclical	0.97
Energy	1.61
Financial	7.78
Government	24.47
Industrial	0.22
Mortgage Securities	57.74
Short-Term Securities	4.54
Technology	0.15
Utilities	1.22
Other Assets & Liabilities	–14.69
Total	100.00
Core Equity Fund
Sector Weighting	% of Total
Communications	35.15
Consumer, Cyclical	9.84
Consumer, Non-cyclical	15.22
Financial	14.17
Industrial	10.28
Short-Term Securities	0.96
Technology	9.59
Utilities	4.45
Other Assets & Liabilities	0.34
Total	100.00
Emerging Growth Fund
Sector Weighting	% of Total
Basic Materials	0.73
Communications	10.09
Consumer, Cyclical	17.36
Consumer, Non-cyclical	19.65
Energy	9.66
Finance and Insurance	3.44
Financial	8.11
Government	1.76
Industrial	12.64
Other Services (except
Public Administration)*	41.30
Technology	16.10
Utilities	0.78
Other Assets & Liabilities	–41.62
Total	100.00

4

John Hancock Funds II
Sector Weightings

Emerging Small Company Fund
Sector Weighting	% of Total
Basic Materials	3.44
Communications	8.08
Consumer, Cyclical	11.75
Consumer, Non-cyclical	20.77
Energy	8.20
Financial	12.16
Industrial	17.07
Short-Term Securities	1.54
Technology	15.76
Other Assets & Liabilities	1.23
Total	100.00
Equity-Income Fund
Sector Weighting	% of Total
Basic Materials	4.62
Communications	16.84
Consumer, Cyclical	5.80
Consumer, Non-cyclical	18.48
Energy	8.50
Financial	17.88
Industrial	13.71
Mortgage Securities	0.48
Other Services (except
Public Administration)*	10.52
Short-Term Securities	4.82
Technology	4.95
Utilities	4.20
Other Assets & Liabilities	–10.80
Total	100.00
Fundamental Value Fund
Sector Weighting	% of Total
Asset Backed Securities	1.52
Basic Materials	0.43
Communications	6.58
Consumer, Cyclical	8.05
Consumer, Non-cyclical	16.21
Diversified	0.41
Energy	10.71
Financial	43.71
Industrial	8.64
Other Services (except
Public Administration)*	11.95
Technology	3.66
Other Assets & Liabilities	–11.87
Total	100.00

Global Bond Fund
Sector Weighting	% of Total
Asset Backed Securities	18.87
Basic Materials	0.19
Communications	0.60
Consumer, Cyclical	7.92
Consumer, Non-cyclical	0.22
Energy	0.02
Financial	13.42
Government	33.02
Industrial	1.75
Mortgage Securities	32.05
Other Services (except
Public Administration)*	2.76
Short-Term Securities	6.59
Technology	2.96
Utilities	0.78
Other Assets & Liabilities	–21.15
Total	100.00
High Yield Fund
Sector Weighting	% of Total
Asset Backed Securities	0.00
Basic Materials	7.47
Communications	15.61
Consumer, Cyclical	15.56
Consumer, Non-cyclical	12.66
Diversified	0.62
Energy	8.94
Finance and Insurance	0.02
Financial	14.08
Government	10.35
Industrial	7.89
Other Services (except
Public Administration)*	22.92
Retail Trade	0.17
Technology	1.41
Utilities	4.43
Other Assets & Liabilities	–22.13
Total	100.00

International Equity Index Fund
Sector Weighting	% of Total
Basic Materials	8.03
Communications	9.95
Consumer, Cyclical	9.34
Consumer, Non-cyclical	13.15
Diversified	0.71
Energy	9.44
Financial	27.31
Funds	0.35
Industrial	10.22
Other Services (except
Public Administration)*	12.84
Short-Term Securities	3.56
Technology	2.46
Utilities	4.93
Other Assets & Liabilities	–12.29
Total	100.00
International Opportunities Fund
Sector Weighting	% of Total
Basic Materials	4.90
Communications	10.62
Consumer, Cyclical	20.34
Consumer, Non-cyclical	10.36
Diversified	1.50
Energy	7.24
Financial	21.26
Industrial	17.73
Other Services (except
Public Administration)*	11.06
Short-Term Securities	2.33
Technology	2.02
Utilities	2.59
Other Assets & Liabilities	–11.95
Total	100.00
International Small Cap Fund
Sector Weighting	% of Total
Basic Materials	6.01
Communications	4.26
Consumer, Cyclical	16.80
Consumer, Non-cyclical	17.74
Diversified	2.64
Energy	3.56
Financial	9.00
Industrial	23.42
Other Services (except
Public Administration)*	4.29
Short-Term Securities	7.09
Technology	4.37
Utilities	2.38
Other Assets & Liabilities	–1.56
Total	100.00

5

John Hancock Funds II
Sector Weightings

International Stock Fund
Sector Weighting	% of Total
Basic Materials	6.71
Communications	4.52
Consumer, Cyclical	15.96
Consumer, Non-cyclical	16.31
Diversified	0.49
Energy	11.15
Financial	25.01
Government	0.44
Industrial	8.39
Other Services (except
Public Administration)*	16.79
Short-Term Securities	4.37
Technology	0.88
Utilities	5.47
Other Assets & Liabilities	–16.49
Total	100.00
International Value Fund
Sector Weighting	% of Total
Basic Materials	6.84
Communications	20.70
Consumer, Cyclical	6.99
Consumer, Non-cyclical	11.80
Diversified	1.16
Energy	6.72
Financial	19.07
Government	0.07
Industrial	13.94
Other Services (except
Public Administration)*	15.74
Short-Term Securities	5.02
Technology	4.49
Utilities	2.34
Other Assets & Liabilities	–14.88
Total	100.00
Investment Quality Bond Fund
Sector Weighting	% of Total
Asset Backed Securities	7.82
Basic Materials	1.75
Communications	5.69
Consumer, Cyclical	3.26
Consumer, Non-cyclical	15.80
Diversified	0.16
Energy	1.96
Financial	19.63
Government	19.70
Industrial	1.24
Mortgage Securities	18.90
Technology	0.12
Utilities	3.12
Other Assets & Liabilities	0.85
Total	100.00

Large Cap Fund
Sector Weighting	% of Total
Communications	10.60
Consumer, Cyclical	7.75
Consumer, Non-cyclical	21.94
Energy	4.34
Financial	24.68
Government	0.19
Industrial	11.71
Other Services (except
Public Administration)*	1.25
Short-Term Securities	2.87
Technology	10.01
Utilities	5.85
Other Assets & Liabilities	–1.19
Total	100.00
Large Cap Value Fund
Sector Weighting	% of Total
Basic Materials	3.46
Communications	5.13
Consumer, Cyclical	6.07
Consumer, Non-cyclical	13.34
Energy	23.27
Financial	28.05
Industrial	9.97
Other Services (except
Public Administration)*	3.84
Short-Term Securities	0.18
Technology	8.98
Utilities	1.44
Other Assets & Liabilities	–3.73
Total	100.00
Mid Cap Core Fund
Sector Weighting	% of Total
Basic Materials	7.04
Communications	3.79
Consumer, Cyclical	8.57
Consumer, Non-cyclical	19.12
Diversified	1.00
Energy	4.91
Financial	10.17
Industrial	14.66
Other Services (except
Public Administration)*	14.50
Short-Term Securities	19.12
Technology	10.27
Utilities	1.48
Other Assets & Liabilities	–14.63
Total	100.00

Mid Cap Index Fund
Sector Weighting	% of Total
Basic Materials	3.19
Communications	4.43
Consumer, Cyclical	13.69
Consumer, Non-cyclical	16.44
Diversified	0.37
Energy	9.58
Financial	20.08
Government	3.51
Industrial	12.82
Technology	9.98
Utilities	5.84
Other Assets & Liabilities	0.07
Total	100.00
Mid Cap Stock Fund
Sector Weighting	% of Total
Basic Materials	1.08
Communications	8.69
Consumer, Cyclical	22.18
Consumer, Non-cyclical	22.34
Diversified	2.22
Energy	5.90
Financial	15.59
Industrial	7.27
Other Services (except
Public Administration)*	30.80
Technology	14.89
Other Assets & Liabilities	–30.96
Total	100.00
Mid Cap Value Fund
Sector Weighting	% of Total
Basic Materials	11.41
Communications	16.90
Consumer, Cyclical	14.08
Consumer, Non-cyclical	12.48
Energy	5.40
Financial	12.38
Industrial	11.68
Other Services (except
Public Administration)*	30.21
Short-Term Securities	5.08
Technology	3.04
Utilities	7.57
Other Assets & Liabilities	–30.23
Total	100.00

6

John Hancock Funds II
Sector Weightings

Natural Resources Fund
Sector Weighting	% of Total
Basic Materials	33.20
Energy	63.54
Financial	3.10
Other Services (except
Public Administration)*	12.20
Other Assets & Liabilities	–12.04
Total	100.00
Quantitative Mid Cap Fund
Sector Weighting	% of Total
Basic Materials	2.71
Communications	7.85
Consumer, Cyclical	15.09
Consumer, Non-cyclical	17.63
Energy	9.78
Finance and Insurance	2.26
Financial	14.91
Funds	2.27
Industrial	15.58
Other Services (except
Public Administration)*	20.23
Technology	8.82
Utilities	3.34
Other Assets & Liabilities	–20.47
Total	100.00
Quantitative Value Fund
Sector Weighting	% of Total
Basic Materials	2.01
Communications	7.54
Consumer, Cyclical	6.74
Consumer, Non-cyclical	12.83
Energy	15.88
Finance and Insurance	0.90
Financial	35.60
Government	0.87
Industrial	5.86
Mortgage Securities	1.54
Other Services (except
Public Administration)*	16.05
Technology	6.18
Utilities	4.64
Other Assets & Liabilities	–16.64
Total	100.00
Real Estate Securities Fund
Sector Weighting	% of Total
Consumer, Cyclical	3.80
Financial	95.06
Other Services (except
Public Administration)*	6.90
Short-Term Securities	1.07
Other Assets & Liabilities	–6.83
Total	100.00

Real Return Bond Fund
Sector Weighting	% of Total
Asset Backed Securities	0.11
Basic Materials	0.16
Consumer, Cyclical	0.02
Energy	0.09
Financial	1.12
Government	100.27
Mortgage Securities	4.43
Other Services (except
Public Administration)*	50.74
Short-Term Securities	2.09
Other Assets & Liabilities	–59.03
Total	100.00
Small Cap Fund
Sector Weighting	% of Total
Basic Materials	4.23
Communications	11.09
Consumer, Cyclical	14.46
Consumer, Non-cyclical	17.99
Energy	7.71
Financial	14.33
Industrial	16.31
Other Services (except
Public Administration)*	44.04
Short-Term Securities	3.02
Technology	9.16
Utilities	1.64
Other Assets & Liabilities	–43.98
Total	100.00
Small Cap Index Fund
Sector Weighting	% of Total
Basic Materials	3.63
Communications	8.79
Consumer, Cyclical	12.05
Consumer, Non-cyclical	18.03
Diversified	0.19
Energy	5.75
Finance and Insurance	3.11
Financial	19.32
Government	2.52
Industrial	13.94
Mortgage Securities	0.02
Retail Trade	0.04
Technology	10.22
Utilities	2.34
Other Assets & Liabilities	0.05
Total	100.00

Small Cap Opportunities Fund
Sector Weighting	% of Total
Basic Materials	2.99
Communications	2.26
Consumer, Cyclical	21.64
Consumer, Non-cyclical	6.84
Energy	8.64
Financial	25.32
Industrial	19.98
Other Services (except
Public Administration)*	50.80
Short-Term Securities	5.10
Technology	5.64
Utilities	0.98
Other Assets & Liabilities	–50.19
Total	100.00
Small Company Fund
Sector Weighting	% of Total
Basic Materials	5.18
Communications	4.66
Consumer, Cyclical	18.97
Consumer, Non-cyclical	17.70
Energy	5.29
Financial	13.78
Industrial	23.05
Manufacturing	0.23
Other Services (except
Public Administration)*	40.79
Short-Term Securities	0.44
Technology	7.41
Utilities	3.49
Other Assets & Liabilities	–40.99
Total	100.00
Small Company Growth Fund
Sector Weighting	% of Total
Basic Materials	1.71
Communications	8.23
Consumer, Cyclical	15.69
Consumer, Non-cyclical	25.23
Energy	8.70
Financial	6.86
Industrial	16.77
Short-Term Securities	1.52
Technology	15.30
Utilities	0.24
Other Assets & Liabilities	–0.25
Total	100.00

7

John Hancock Funds II
Sector Weightings

Small Company Value Fund
Sector Weighting	% of Total
Basic Materials	7.46
Communications	3.50
Consumer, Cyclical	10.43
Consumer, Non-cyclical	12.84
Energy	8.76
Financial	19.56
Funds	0.85
Industrial	24.95
Other Services (except
Public Administration)*	35.86
Short-Term Securities	3.91
Technology	4.52
Utilities	3.14
Other Assets & Liabilities	–35.78
Total	100.00
Special Value Fund
Sector Weighting	% of Total
Basic Materials	5.07
Communications	1.22
Consumer, Cyclical	11.11
Consumer, Non-cyclical	10.77
Energy	4.25
Financial	24.20
Funds	6.07
Industrial	22.88
Other Services (except
Public Administration)*	35.73
Short-Term Securities	10.01
Technology	7.96
Utilities	1.10
Other Assets & Liabilities	–40.37
Total	100.00
Spectrum Income Fund
Sector Weighting	% of Total
Asset Backed Securities	1.35
Basic Materials	1.96
Communications	7.93
Consumer, Cyclical	4.61
Consumer, Non-cyclical	6.66
Diversified	0.28
Energy	4.84
Financial	8.97
Government	19.53
Industrial	5.21
Mortgage Securities	23.94
Short-Term Securities	9.67
Technology	1.85
Utilities	3.09
Other Assets & Liabilities	0.11
Total	100.00

Strategic Bond Fund
Sector Weighting	% of Total
Asset Backed Securities	4.29
Basic Materials	1.22
Communications	5.97
Consumer, Cyclical	3.07
Consumer, Non-cyclical	3.52
Diversified	0.46
Energy	2.85
Financial	48.32
Government	20.82
Industrial	2.34
Mortgage Securities	37.72
Other Services (except
Public Administration)*	19.73
Retail Trade	0.04
Short-Term Securities	2.67
Technology	0.35
Utilities	1.67
Other Assets & Liabilities	–55.04
Total	100.00
Strategic Value Fund
Sector Weighting	% of Total
Basic Materials	3.99
Communications	24.90
Consumer, Cyclical	10.33
Consumer, Non-cyclical	12.62
Energy	9.69
Financial	23.54
Industrial	9.21
Other Services (except
Public Administration)*	4.68
Technology	6.50
Other Assets & Liabilities	–5.46
Total	100.00
Total Return Fund
Sector Weighting	% of Total
Asset Backed Securities	9.49
Basic Materials	2.72
Communications	0.15
Consumer, Cyclical	5.86
Consumer, Non-cyclical	0.41
Energy	0.08
Financial	12.18
Funds	2.69
Government	16.34
Industrial	3.56
Mortgage Securities	67.80
Other Services (except
Public Administration)*	0.02
Short-Term Securities	12.35
Technology	0.24
Utilities	0.71
Other Assets & Liabilities	–34.60
Total	100.00

U.S. Global Leaders Growth Fund
Sector Weighting	% of Total
Communications	3.89
Consumer, Cyclical	19.61
Consumer, Non-cyclical	41.41
Financial	7.36
Industrial	8.15
Short-Term Securities	3.05
Technology	18.66
Other Assets & Liabilities	–2.13
Total	100.00
U.S. Government Securities Fund
Sector Weighting	% of Total
Financial	15.67
Government	61.98
Mortgage Securities	76.11
Short-Term Securities	12.96
Other Assets & Liabilities	–66.72
Total	100.00
U.S. High Yield Bond Fund
Sector Weighting	% of Total
Basic Materials	2.53
Communications	21.91
Consumer, Cyclical	16.94
Consumer, Non-cyclical	11.99
Energy	9.98
Financial	18.97
Government	0.28
Industrial	7.92
Other Services (except
Public Administration)*	13.01
Short-Term Securities	6.62
Technology	2.56
Utilities	1.11
Other Assets & Liabilities	–13.82
Total	100.00
U.S. Multi Sector Fund
Sector Weighting	% of Total
Basic Materials	0.17
Communications	7.39
Consumer, Cyclical	22.29
Consumer, Non-cyclical	30.20
Energy	4.44
Financial	11.72
Government	0.26
Industrial	5.50
Mortgage Securities	2.07
Short-Term Securities	4.96
Technology	9.88
Utilities	0.98
Other Assets & Liabilities	0.14
Total	100.00

8

John Hancock Funds II
Sector Weightings

Value & Restructuring Fund
Sector Weighting	% of Total
Basic Materials	5.46
Communications	13.76
Consumer, Cyclical	10.70
Consumer, Non-cyclical	13.33
Energy	17.95
Finance and Insurance	0.19
Financial	20.79
Industrial	13.95
Short-Term Securities	0.95
Technology	0.49
Utilities	2.34
Other Assets & Liabilities	0.09
Total	100.00
Vista Fund
Sector Weighting	% of Total
Basic Materials	5.53
Communications	15.81
Consumer, Cyclical	6.23
Consumer, Non-cyclical	14.47
Energy	9.78
Financial	11.52
Industrial	25.10
Other Services (except
Public Administration)*	21.96
Short-Term Securities	2.89
Technology	10.34
Other Assets & Liabilities	–23.63
Total	100.00

*Includes investment in the Navigator Securities Lending Prime Portfolio using cash held as collateral for the Securities Lending program.
Percentages are based on net assets as of 2-28-06.

9

John Hancock Funds II
Understanding Your Fund’s Expenses

As a John Hancock Funds II mutual fund investor, you pay ongoing expenses, such as management fees, distribution fees (12b-1) and other expenses. Using the information below, you can estimate how these expenses affect your investment and compare them with the expenses of other funds. This example is intended to help you understand your ongoing costs (in dollars) of investing in each Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

Actual Expenses

The first table for each Fund shows the actual account values and actual Fund expenses you would have paid on a $1,000 investment in the Fund held from inception through Feburary 28, 2006. It also shows how much a $1,000 investment would be at the close of the period, assuming actual Fund returns and expenses. To estimate the expenses that you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6) and multiply the result by the number in the “Expenses Paid During Period” row as shown below for your Classes.

Hypothetical Example for Comparison Purposes

The second table for each Fund provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratios and an assumed rate of return of 5% per year before expenses, which is not each Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid on your investment for the period. You may use this information to compare the ongoing costs of investing in each Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the tables are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second table for each Fund is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different Funds. In addition, if these transactional costs were included, your costs would have been higher.

500 Index
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,074.10
Expenses Paid During Period*		1.76
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,015.10
Expenses Paid During Period*		1.71
Annualized Expense Ratios		Class NAV
		0.50%
Active Bond
Actual Fund Return	Class 1#	Class NAV#
Beginning Account Value 10/15/2005 and 10/27/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,012.40	1,015.00
Expenses Paid During Period*	2.82	2.42
Hypothetical 5% Fund Return	Class 1#	Class NAV#
Beginning Account Value 10/15/2005 and 10/27/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,016.00	1,014.60
Expenses Paid During Period*	2.82	2.42
Annualized Expense Ratios	Class 1#	Class NAV#
	0.75%	0.70%
# Class 1 and Class NAV shares began operations on 10/15/2005 and 10/27/2005, respectively.

10

John Hancock Funds II
Understanding Your Fund’s Expenses

All Cap Growth
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,111.50	1,112.10
Expenses Paid During Period*	4.01	3.80
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.00	1,015.20
Expenses Paid During Period*	3.83	3.63
Annualized Expense Ratios	Class 1	Class NAV
	1.01%	0.96%
All Cap Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,118.10	1,118.60
Expenses Paid During Period*	3.71	3.50
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.30	1,015.50
Expenses Paid During Period*	3.53	3.33
Annualized Expense Ratios	Class 1	Class NAV
	0.94%	0.89%
Blue Chip Growth
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,095.80	1,096.00
Expenses Paid During Period*	3.46	3.35
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.50	1,015.60
Expenses Paid During Period*	3.33	3.22
Annualized Expense Ratios	Class 1	Class NAV
	0.89%	0.84%

11

John Hancock Funds II
Understanding Your Fund’s Expenses

Capital Appreciation
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,102.20	1,103.30
Expenses Paid During Period*	3.68	3.47
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.30	1,015.50
Expenses Paid During Period*	3.53	3.33
Annualized Expense Ratios	Class 1	Class NAV
	0.93%	0.88%
Core Bond
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,012.60	1,012.80
Expenses Paid During Period*	3.22	3.12
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.50	1,015.70
Expenses Paid During Period*	3.33	3.12
Annualized Expense Ratios	Class 1	Class NAV
	0.88%	0.83%
Core Equity
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,084.30	1,085.00
Expenses Paid During Period*	3.44	3.23
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.50	1,015.70
Expenses Paid During Period*	3.33	3.12
Annualized Expense Ratios	Class 1	Class NAV
	0.88%	0.83%

12

John Hancock Funds II
Understanding Your Fund’s Expenses

Emerging Growth
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,174.90	1,174.90
Expenses Paid During Period*	3.81	3.59
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.30	1,015.50
Expenses Paid During Period*	3.53	3.33
Annualized Expense Ratios	Class 1	Class NAV
	0.92%	0.87%
Emerging Small Company
Actual Fund Return	Class 1
Beginning Account Value 10/15/2005	$1,000.00
Ending Account Value 2/28/2006	1,168.60
Expenses Paid During Period*	4.77
Hypothetical 5% Fund Return	Class 1
Beginning Account Value 10/15/2005	$1,000.00
Ending Account Value 2/28/2006	1,014.40
Expenses Paid During Period*	4.43
Annualized Expense Ratios	Class 1
	1.18%
Equity-Income
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,090.70	1,090.90
Expenses Paid During Period*	3.45	3.35
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.50	1,015.60
Expenses Paid During Period*	3.33	3.22
Annualized Expense Ratios	Class 1	Class NAV
	0.89%	0.84%

13

John Hancock Funds II
Understanding Your Fund’s Expenses

Fundamental Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,071.30	1,071.60
Expenses Paid During Period*	3.42	3.21
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.50	1,015.70
Expenses Paid During Period*	3.33	3.12
Annualized Expense Ratios	Class 1	Class NAV
	0.87%	0.82%
Global Bond
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	992.80	993.60
Expenses Paid During Period*	3.19	2.99
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.60	1,015.80
Expenses Paid During Period*	3.22	3.02
Annualized Expense Ratios	Class 1	Class NAV
	0.85%	0.80%
High Yield
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,045.70	1,045.00
Expenses Paid During Period*	2.97	2.76
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.90	1,016.10
Expenses Paid During Period*	2.92	2.72
Annualized Expense Ratios	Class 1	Class NAV
	0.78%	0.73%

14

John Hancock Funds II
Understanding Your Fund’s Expenses

International Equity Index
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,145.90
Expenses Paid During Period*		2.15
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,014.80
Expenses Paid During Period*		2.01
Annualized Expense Ratios		Class NAV
		0.59%
International Opportunities
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,193.10	1,193.90
Expenses Paid During Period*	4.61	4.39
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.60	1,014.80
Expenses Paid During Period*	4.23	4.03
Annualized Expense Ratios	Class 1	Class NAV
	1.11%	1.06%
International Small Cap
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,107.60	1,109.20
Expenses Paid During Period*	4.64	4.43
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.40	1,014.60
Expenses Paid During Period*	4.43	4.23
Annualized Expense Ratios	Class 1	Class NAV
	1.17%	1.12%

15

John Hancock Funds II
Understanding Your Fund’s Expenses

International Stock
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,132.30	1,133.80
Expenses Paid During Period*	4.37	4.16
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.70	1,014.90
Expenses Paid During Period*	4.13	3.93
Annualized Expense Ratios	Class 1	Class NAV
	1.09%	1.04%
International Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,091.10	1,091.50
Expenses Paid During Period*	3.97	3.76
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.00	1,015.20
Expenses Paid During Period*	3.83	3.63
Annualized Expense Ratios	Class 1	Class NAV
	1.00%	0.95%
Investment Quality Bond
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,013.70	1,013.80
Expenses Paid During Period*	3.12	2.92
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.70	1,015.90
Expenses Paid During Period*	3.12	2.92
Annualized Expense Ratios	Class 1	Class NAV
	0.83%	0.78%

16

John Hancock Funds II
Understanding Your Fund’s Expenses

Large Cap
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,091.50	1,091.20
Expenses Paid During Period*	3.76	3.56
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.20	1,015.40
Expenses Paid During Period*	3.63	3.43
Annualized Expense Ratios	Class 1	Class NAV
	0.95%	0.90%
Large Cap Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,103.70	1,104.20
Expenses Paid During Period*	3.79	3.58
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.20	1,015.40
Expenses Paid During Period*	3.63	3.43
Annualized Expense Ratios	Class 1	Class NAV
	0.96%	0.91%
Mid Cap Core
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,104.90	1,105.10
Expenses Paid During Period*	3.89	3.68
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.10	1,015.30
Expenses Paid During Period*	3.73	3.53
Annualized Expense Ratios	Class 1	Class NAV
	0.99%	0.94%

17

John Hancock Funds II
Understanding Your Fund’s Expenses

Mid Cap Index
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,123.50
Expenses Paid During Period*		2.02
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,014.90
Expenses Paid During Period*		1.91
Annualized Expense Ratios		Class NAV
		0.55%
Mid Cap Stock
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,181.00	1,181.70
Expenses Paid During Period*	3.93	3.71
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.20	1,015.40
Expenses Paid During Period*	3.63	3.43
Annualized Expense Ratios	Class 1	Class NAV
	0.95%	0.90%
Mid Cap Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,086.40	1,086.60
Expenses Paid During Period*	3.76	3.65
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.20	1,015.30
Expenses Paid During Period*	3.63	3.53
Annualized Expense Ratios	Class 1	Class NAV
	0.97%	0.92%

18

John Hancock Funds II
Understanding Your Fund’s Expenses

Natural Resources
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,160.10	1,160.40
Expenses Paid During Period*	4.54	4.43
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.60	1,014.70
Expenses Paid During Period*	4.23	4.13
Annualized Expense Ratios	Class 1	Class NAV
	1.13%	1.08%
Quantitative Mid Cap
Actual Fund Return	Class 1#	Class NAV#
Beginning Account Value 10/15/2005 and 10/27/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,140.80	1,143.50
Expenses Paid During Period*	3.43	2.89
Hypothetical 5% Fund Return	Class 1#	Class NAV#
Beginning Account Value 10/15/2005 and 10/27/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.60	1,014.30
Expenses Paid During Period*	3.22	2.72
Annualized Expense Ratios	Class 1#	Class NAV#
	0.84%	0.79%
# Class 1 and Class NAV shares began operations on 10/15/2005 and 10/27/2005, respectively.
Quantitative Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,122.80	1,122.80
Expenses Paid During Period*	3.18	2.97
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.80	1,016.00
Expenses Paid During Period*	3.02	2.82
Annualized Expense Ratios	Class 1	Class NAV
	0.80%	0.75%

19

John Hancock Funds II
Understanding Your Fund’s Expenses

Real Estate Securities
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,172.30	1,172.70
Expenses Paid During Period*	3.26	3.04
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.80	1,016.00
Expenses Paid During Period*	3.02	2.82
Annualized Expense Ratios	Class 1	Class NAV
	0.79%	0.74%
Real Return Bond
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,008.70	1,008.80
Expenses Paid During Period*	3.01	2.81
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.80	1,016.00
Expenses Paid During Period*	3.02	2.82
Annualized Expense Ratios	Class 1	Class NAV
	0.80%	0.75%
Small Cap
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,122.80	1,123.40
Expenses Paid During Period*	3.82	3.61
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.20	1,015.40
Expenses Paid During Period*	3.63	3.43
Annualized Expense Ratios	Class 1	Class NAV
	0.95%	0.90%

20

John Hancock Funds II
Understanding Your Fund’s Expenses

Small Cap Index
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,149.70
Expenses Paid During Period*		2.04
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,014.90
Expenses Paid During Period*		1.91
Annualized Expense Ratios		Class NAV
		0.55%
Small Cap Opportunities
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,132.10	1,132.40
Expenses Paid During Period*	4.37	4.16
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.70	1,014.90
Expenses Paid During Period*	4.13	3.93
Annualized Expense Ratios	Class 1	Class NAV
	1.09%	1.04%
Small Company
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,123.40	1,124.00
Expenses Paid During Period*	5.41	5.20
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,013.70	1,013.90
Expenses Paid During Period*	5.13	4.93
Annualized Expense Ratios	Class 1	Class NAV
	1.36%	1.31%

21

John Hancock Funds II
Understanding Your Fund’s Expenses

Small Company Growth
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,140.00
Expenses Paid During Period*		4.07
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,013.60
Expenses Paid During Period*		3.83
Annualized Expense Ratios		Class NAV
		1.09%
Small Company Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,148.80	1,149.10
Expenses Paid During Period*	4.41	4.19
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.70	1,014.90
Expenses Paid During Period*	4.13	3.93
Annualized Expense Ratios	Class 1	Class NAV
	1.10%	1.05%
Special Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,112.50	1,113.40
Expenses Paid During Period*	4.44	4.23
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.60	1,014.80
Expenses Paid During Period*	4.23	4.03
Annualized Expense Ratios	Class 1	Class NAV
	1.12%	1.07%

22

John Hancock Funds II
Understanding Your Fund’s Expenses

Spectrum Income
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,031.90
Expenses Paid During Period*		3.25
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,014.20
Expenses Paid During Period*		3.22
Annualized Expense Ratios		Class NAV
		0.93%
Strategic Bond
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,023.30	1,023.40
Expenses Paid During Period*	3.03	2.93
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.80	1,015.90
Expenses Paid During Period*	3.02	2.92
Annualized Expense Ratios	Class 1	Class NAV
	0.81%	0.76%
Strategic Value
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,062.80	1,063.20
Expenses Paid During Period*	3.71	3.51
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.20	1,015.40
Expenses Paid During Period*	3.63	3.43
Annualized Expense Ratios	Class 1	Class NAV
	0.96%	0.91%

23

John Hancock Funds II
Understanding Your Fund’s Expenses

Total Return
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,014.00	1,014.10
Expenses Paid During Period*	3.12	2.92
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.70	1,015.90
Expenses Paid During Period*	3.12	2.92
Annualized Expense Ratios	Class 1	Class NAV
	0.83%	0.78%
U.S. Global Leaders Growth
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,045.00	1,045.10
Expenses Paid During Period*	3.07	2.86
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.80	1,016.00
Expenses Paid During Period*	3.02	2.82
Annualized Expense Ratios	Class 1	Class NAV
	0.79%	0.74%
U.S. Government Securities
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,013.70	1,013.80
Expenses Paid During Period*	2.92	2.72
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.90	1,016.10
Expenses Paid During Period*	2.92	2.72
Annualized Expense Ratios	Class 1	Class NAV
	0.77%	0.72%

24

John Hancock Funds II
Understanding Your Fund’s Expenses

U.S. High Yield Bond
Actual Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,041.40	1,041.50
Expenses Paid During Period*	3.27	3.06
Hypothetical 5% Fund Return	Class 1	Class NAV
Beginning Account Value 10/15/2005	$1,000.00	$1,000.00
Ending Account Value 2/28/2006	1,015.60	1,015.80
Expenses Paid During Period*	3.22	3.02
Annualized Expense Ratios	Class 1	Class NAV
	0.86%	0.81%
U.S. Multi Sector
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,065.50
Expenses Paid During Period*		2.99
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,014.50
Expenses Paid During Period*		2.92
Annualized Expense Ratios		Class NAV
		0.82%
Value & Restructuring
Actual Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,120.70
Expenses Paid During Period*		3.29
Hypothetical 5% Fund Return		Class NAV
Beginning Account Value 10/29/2005		$1,000.00
Ending Account Value 2/28/2006		1,014.30
Expenses Paid During Period*		3.12
Annualized Expense Ratios		Class NAV
		0.90%

25

John Hancock Funds II
Understanding Your Fund’s Expenses

Vista
Actual Fund Return	Class NAV
Beginning Account Value 10/29/2005	$1,000.00
Ending Account Value 2/28/2006	1,128.00
Expenses Paid During Period*	3.62
Hypothetical 5% Fund Return	Class NAV
Beginning Account Value 10/29/2005	$1,000.00
Ending Account Value 2/28/2006	1,014.00
Expenses Paid During Period*	3.42
Annualized Expense Ratios	Class NAV
	0.99%

* Expenses are equal to the Fund’s annualized expenses ratio for each respective class, multiplied by the average account value over the period, multiplied by [number of days since inception/365] (to reflect the one-half year period).

26

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

Assets	500 Index	Active Bond	All Cap Growth	All Cap Value
Investments, at value	$283,237,231	$394,960,261	$140,548,992	$184,535,246
Securities loaned, at value (Note 2)	—	62,669,745	4,153,432	20,071,291
Repurchase agreements, at value	—	84,637,000	3,367,000	6,367,000
Cash	13,672	—	47	260
Foreign currency, at value	—	482	—	—
Receivable for investments sold	—	20,245,463	—	629,366
Receivable for shares sold	59,080	68,849	191,685	377,805
Dividends and interest receivable	517,663	2,971,898	122,916	372,764
Other assets	1,138	1,063	566	655
Total assets	283,828,784	565,554,761	148,384,638	212,354,387
Liabilities
Due to custodian	—	889,202	—	—
Payable for investments purchased	—	19,375,260	518,445	969,774
Payable for delayed delivery securities purchased	—	85,534,399	—	—
Payable upon return of securities loaned	—	63,952,895	4,252,196	20,547,958
Payable for futures variation margin	197,200	—	—	—
Payable to affiliates
Fund administration expenses	5,114	7,662	2,683	3,461
Other payables and accrued expenses	24,106	118,259	37,476	34,417
Total liabilities	226,420	169,877,677	4,810,800	21,555,610
Net assets
Capital paid-in	266,118,200	392,669,241	130,103,194	172,228,738
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions	116,173	208,280	1,133,999	3,138,085
Unrealized appreciation (depreciation) on investments, futures contracts,
and translation of assets and liabilities in foreign currencies	16,613,450	101,564	12,347,248	15,138,950
Undistributed net investment income (loss)	754,541	2,697,999	(10,603)	293,004
Net assets	$283,602,364	$395,677,084	$143,573,838	$190,798,777
Investments, including repurchase agreements, at cost	$266,735,054	$542,165,602	$135,722,316	$195,834,587
Foreign currency, at cost	—	$484	—	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
500 Index		NAV per share
Class NAV ($283,602,364 ÷ 25,628,350 shares)		$11.07
Active Bond
Class 1 ($35,844,798 ÷ 3,705,596 shares)		$9.67
Class NAV ($359,832,286 ÷ 37,215,779 shares)		$9.67
All Cap Growth
Class 1 ($35,465,188 ÷ 2,059,341 shares)		$17.22
Class NAV ($108,108,650 ÷ 6,272,289 shares)		$17.24
All Cap Value
Class 1 ($18,176,375 ÷ 1,176,664 shares)		$15.45
Class NAV ($172,622,402 ÷ 11,205,142 shares)		$15.41

The accompanying notes are an integral part of the financial statements. 27

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

	Blue Chip	Capital
Assets	Growth	Appreciation	Core Bond	Core Equity
Investments, at value	$1,151,559,769	$301,240,926	$194,678,426	$495,017,768
Securities loaned, at value (Note 2)	67,063,189	2,293,149	—	—
Repurchase agreements, at value	3,996,000	—	8,031,000	4,831,000
Cash	179	541	215,362	1,746
Receivable for investments sold	6,802,008	19,190	8,496,407	763,624
Receivable for delayed delivery securities sold	—	—	46,858,322	—
Receivable for shares sold	1,905,141	569,100	92,027	1,841,722
Dividends and interest receivable	1,305,806	269,510	1,252,788	215,791
Other assets	3,721	898	551	1,589
Total assets	1,232,635,813	304,393,314	259,624,883	502,673,240
Liabilities
Payable for investments purchased	7,642,045	2,176,751	4,534,497	1,033,135
Payable for delayed delivery securities purchased	—	—	78,255,607	—
Payable upon return of securities loaned	68,562,354	2,341,825	—	—
Payable to affiliates
Fund administration expenses	17,777	5,305	3,220	8,604
Other payables and accrued expenses	152,242	41,124	80,928	64,149
Total liabilities	76,374,418	4,565,005	82,874,252	1,105,888
Net assets
Capital paid-in	1,071,569,311	277,993,252	175,673,149	467,673,907
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions and
forward foreign currency contracts	(227,356)	2,183,406	258,429	913,764
Unrealized appreciation (depreciation) on investments,
and translation of assets and liabilities in foreign currencies	82,211,943	19,512,575	(222,228)	33,181,404
Undistributed net investment income (loss)	2,707,497	139,076	1,041,281	(201,723)
Net assets	$1,156,261,395	$299,828,309	$176,750,631	$501,567,352
Investments, including repurchase agreements, at cost	$1,140,407,448	$284,021,500	$202,931,654	$466,667,364
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Blue Chip Growth		NAV per share
Class 1 ($127,446,679 ÷ 7,041,011 shares)		$18.10
Class NAV ($1,028,814,716 ÷ 56,903,484 shares)		$18.08
Capital Appreciation
Class 1 ($18,047,338 ÷ 1,779,677 shares)		$10.14
Class NAV ($281,780,971 ÷ 27,770,920 shares)		$10.15
Core Bond
Class 1 ($385,766 ÷ 30,674 shares)		$12.58
Class NAV ($176,364,865 ÷ 14,031,755 shares)		$12.57
Core Equity
Class 1 ($8,413,077 ÷ 563,701 shares)		$14.92
Class NAV ($493,154,275 ÷ 33,013,765 shares)		$14.94

The accompanying notes are an integral part of the financial statements. 28

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

		Emerging
Assets	Emerging Growth	Small Company	Equity-Income	Fundamental Value
Investments, at value	$165,751,480	$55,701,238	$854,292,124	$657,755,603
Securities loaned, at value (Note 2)	65,899,564	—	87,442,964	76,724,965
Repurchase agreements, at value	—	883,000	2,499,000	—
Cash	9,014	665	111	336
Foreign currency, at value	—	—	53,958	58
Receivable for investments sold	563,835	938,883	717,991	—
Receivable for shares sold	26,978	35,482	773,248	509,365
Dividends and interest receivable	10,246	10,830	2,107,312	627,283
Other assets	869	216	2,901	2,032
Total assets	232,261,986	57,570,314	947,889,609	735,619,642
Liabilities
Payable for investments purchased	1,084,536	236,146	5,966,084	430,168
Payable for shares repurchased	—	—	—	60,727
Payable upon return of securities loaned	67,564,512	—	89,633,044	78,446,424
Payable to affiliates
Fund administration expenses	3,202	1,935	13,567	11,517
Other payables and accrued expenses	27,631	40,487	112,301	97,124
Total liabilities	68,679,881	278,568	95,724,996	79,045,960
Net assets
Capital paid-in	139,455,661	49,097,929	791,112,683	625,561,970
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions	2,946,777	1,258,520	2,426,949	(159,033)
Unrealized appreciation (depreciation) on investments,
and translation of assets and liabilities in foreign currencies	21,450,303	7,044,365	56,199,803	30,556,095
Undistributed net investment income (loss)	(270,636)	(109,068)	2,425,178	614,650
Net assets	$163,582,105	$57,291,746	$852,164,613	$656,573,682
Investments, including repurchase agreements, at cost	$210,200,741	$49,539,873	$888,032,892	$703,924,829
Foreign currency, at cost	—	—	$55,266	$58
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Emerging Growth		NAV per share
Class 1 ($119,259,657 ÷ 6,208,013 shares)		$19.21
Class NAV ($44,322,448 ÷ 2,307,728 shares)		$19.21
Emerging Small Company
Class 1 ($57,291,746 ÷ 1,740,320 shares)		$32.92
Equity-Income
Class 1 ($167,690,257 ÷ 9,627,011 shares)		$17.42
Class NAV ($684,474,356 ÷ 39,346,126 shares)		$17.40
Fundamental Value
Class 1 ($55,955,844 ÷ 3,650,258 shares)		$15.33
Class NAV ($600,617,838 ÷ 39,259,530 shares)		$15.30

The accompanying notes are an integral part of the financial statements. 29

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

			International	International
Assets	Global Bond	High Yield	Equity Index	Opportunities
Investments, at value	$623,847,794	$1,340,839,226	$187,680,280	$428,407,918
Securities loaned, at value (Note 2)	13,513,896	331,498,919	22,972,433	46,210,367
Repurchase agreements, at value	13,069,000	130,892,000	—	10,088,000
Cash	—	—	—	116
Foreign currency, at value	4,151,774	7,544	174,837	—
Receivable for investments sold	—	2,793,034	—	890,302
Receivable for delayed delivery securities sold	5,313,328	—	—	—
Receivable for shares sold	76,246	197,265	28,151	90,724
Receivable for forward foreign currency exchange contracts (Note 2)	4,343,776	—	82,306	—
Dividends and interest receivable	4,281,005	27,636,748	303,082	115,156
Receivable for swap contracts	121,449	—	—	—
Unrealized appreciation of swap contracts (Note 2)	3,045,458	—	—	—
Receivable for futures variation margin	999,498	—	462,457	—
Other assets	1,696	4,221	735	1,406
Total assets	672,764,920	1,833,868,957	211,704,281	485,803,989
Liabilities
Due to custodian	2,600,923	45,902	—	430,336
Payable for investments purchased	8,697,688	16,085,215	—	4,366,474
Payable for delayed delivery securities purchased	107,837,918	2,462,625	—	—
Payable upon return of securities loaned	13,793,450	338,457,704	24,089,643	47,889,360
Payable for options written, at value (Note 2)	511,694	—	—	—
Payable for swap contracts	2,243,302	—	—	—
Payable for forward foreign currency exchange contracts (Note 2)	68,633	—	2,091	—
Payable to affiliates
Fund administration expenses	10,050	26,567	3,312	3,067
Other payables and accrued expenses	132,526	256,606	18,849	163,135
Total liabilities	135,896,184	357,334,619	24,113,895	52,852,372
Net assets
Capital paid-in	540,772,677	1,435,091,397	166,171,938	378,264,610
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, options written, interest rate swaps, and foreign
currency transactions	(12,090,900)	1,795,339	1,131,931	15,584,004
Unrealized appreciation (depreciation) on investments, futures contracts,
options written, interest rate swaps and translation of assets and
liabilities in foreign currencies	5,290,779	21,239,899	21,710,430	58,177,071
Undistributed net investment income (loss)	2,896,180	18,407,703	(1,423,913)	(19,074,068)
Net assets	$536,868,736	$1,476,534,338	$187,590,386	$432,951,617
Investments, including repurchase agreements, at cost	$652,316,059	$1,781,989,097	$189,181,011	$426,522,691
Foreign currency, at cost	$4,106,069	$7,533	$173,689	—
Premiums received on written options	$1,302,370	—	—	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Global Bond		NAV per share
Class 1 ($37,574,683 ÷ 2,614,095 shares)		$14.37
Class NAV ($499,294,053 ÷ 34,827,460 shares)		$14.34
High Yield
Class 1 ($39,091,458 ÷ 3,749,766 shares)		$10.43
Class NAV ($1,437,442,880 ÷ 138,430,687 shares)		$10.38
International Equity Index
Class NAV ($187,590,386 ÷ 10,626,160 shares)		$17.65
International Opportunities
Class 1 ($2,718,686 ÷ 174,320 shares)		$15.60
Class NAV ($430,232,931 ÷ 27,536,796 shares)		$15.62

The accompanying notes are an integral part of the financial statements. 30

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

	International	International	International	Investment
Assets	Small Cap	Stock	Value	Quality Bond
Investments, at value	$502,774,040	$920,479,300	$954,021,650	$103,054,191
Securities loaned, at value (Note 2)	22,735,901	152,846,814	150,628,179	—
Repurchase agreements, at value	39,435,000	41,880,000	50,495,000	13,918,000
Cash	635	966	60,620	—
Foreign currency, at value	9,749,371	1,435,737	8,546,516	—
Receivable for investments sold	5,522,725	38,073	633,103	—
Receivable for shares sold	123,557	221,510	441,526	70,709
Receivable for forward foreign currency exchange contracts (Note 2)	—	1,157,591	—	—
Dividends and interest receivable	594,754	1,752,751	1,539,162	1,256,666
Receivable due from adviser	—	—	26,157	—
Other assets	40,663	2,952	3,182	429
Total assets	580,976,646	1,119,815,694	1,166,395,095	118,299,995
Liabilities
Due to custodian	—	—	—	50,552
Capital gains withholding tax	146,381	—	—	—
Payable for investments purchased	363,774	—	2,092,958	133,844
Payable for delayed delivery securities purchased	—	—	—	4,975
Payable for shares repurchased	—	—	—	54,295
Payable upon return of securities loaned	23,860,955	160,743,448	158,239,011	—
Payable for futures variation margin	—	402,898	—	16,500
Payable for forward foreign currency exchange contracts (Note 2)	—	873,501	—	—
Payable to affiliates
Fund administration expenses	6,466	17,347	15,926	2,418
Other payables and accrued expenses	332,302	448,461	486,507	68,372
Total liabilities	24,709,878	162,485,655	160,834,402	330,956
Net assets
Capital paid-in	496,473,014	859,121,360	913,732,348	117,274,724
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions	7,184,561	14,491,615	14,317,672	(64,993)
Unrealized appreciation (depreciation) on investments,a futures contracts,
and translation of assets and liabilities in foreign currencies	53,770,097	101,191,689	74,584,385	(22,193)
Undistributed net investment income (loss)	(1,160,904)	(17,474,625)	2,926,288	781,501
Net assets	$556,266,768	$957,330,039	$1,005,560,693	$117,969,039
Investments, including repurchase agreements, at cost	$510,897,239	$1,016,535,465	$1,080,520,847	$116,976,376
Foreign currency, at cost	$9,907,340	$1,426,390	$8,587,630	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
International Small Cap		NAV per share
Class 1 ($33,527,066 ÷ 1,640,718 shares)		$20.43
Class NAV ($522,739,702 ÷ 25,599,083 shares)		$20.42
International Stock
Class 1 ($31,333,022 ÷ 2,369,108 shares)		$13.23
Class NAV ($925,997,017 ÷ 70,081,495 shares)		$13.21
International Value
Class 1 ($113,767,464 ÷ 6,883,851 shares)		$16.53
Class NAV ($891,793,229 ÷ 54,070,694 shares)		$16.49
Investment Quality Bond
Class 1 ($33,212,149 ÷ 2,791,259 shares)		$11.90
Class NAV ($84,756,890 ÷ 7,128,815 shares)		$11.89
a Net of deferred foreign withholding taxes of $146,381 for International Small Cap.

The accompanying notes are an integral part of the financial statements. 31

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

Assets	Large Cap	Large Cap Value	Mid Cap Core	Mid Cap Index
Investments, at value	$165,134,837	$159,169,924	$289,207,575	$63,725,509
Securities loaned, at value (Note 2)	2,080,777	5,984,498	50,440,068	—
Repurchase agreements, at value	4,876,000	280,000	68,025,000	—
Cash	172	414	911	9,058
Foreign currency, at value	—	—	231	—
Receivable for investments sold	193,151	3,186,377	189,693	—
Receivable for shares sold	63,427	103,600	59,448	12,630
Dividends and interest receivable	254,340	238,731	306,257	73,343
Other assets	477	500	957	258
Total assets	172,603,181	168,964,044	408,230,140	63,820,798
Liabilities
Payable for investments purchased	345,583	3,329,370	937,172	—
Payable upon return of securities loaned	2,128,439	6,127,940	51,567,685	—
Payable for futures variation margin	29,000	—	—	39,600
Payable to affiliates
Fund administration expenses	3,021	2,816	6,334	1,146
Other payables and accrued expenses	26,258	25,174	68,516	12,766
Total liabilities	2,532,301	9,485,300	52,579,707	53,512
Net assets
Capital paid-in	158,913,270	145,947,350	325,329,292	57,027,105
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions	1,072,261	2,147,928	11,778,838	233,010
Unrealized appreciation (depreciation) on investments, futures contracts,
and translation of assets and liabilities in foreign currencies	9,776,342	11,215,178	18,167,851	6,393,553
Undistributed net investment income (loss)	309,007	168,288	374,452	113,618
Net assets	$170,070,880	$159,478,744	$355,650,433	$63,767,286
Investments, including repurchase agreements, at cost	$162,310,497	$154,219,244	$389,504,792	$57,400,829
Foreign currency, at cost	—	—	$231	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Large Cap		NAV per share
Class 1 ($1,522,094 ÷ 105,252 shares)		$14.46
Class NAV ($168,548,786 ÷ 11,660,890 shares)		$14.45
Large Cap Value
Class 1 ($13,010,303 ÷ 581,529 shares)		$22.37
Class NAV ($146,468,441 ÷ 6,538,350 shares)		$22.40
Mid Cap Core
Class 1 ($8,485,561 ÷ 483,441 shares)		$17.55
Class NAV ($347,164,872 ÷ 19,779,081 shares)		$17.55
Mid Cap Index
Class NAV ($63,767,286 ÷ 3,373,518 shares)		$18.90

The accompanying notes are an integral part of the financial statements. 32

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

				Quantitative
Assets	Mid Cap Stock	Mid Cap Value	Natural Resources	Mid Cap
Investments, at value	$267,883,741	$207,921,013	$653,713,329	$189,413,858
Securities loaned, at value (Note 2)	83,159,941	63,810,791	80,304,638	37,219,029
Repurchase agreements, at value	11,179,000	11,032,000	20,420,000	—
Cash	227	240	730	2,105
Receivable for investments sold	1,566,778	74,343	—	12,032,180
Receivable for shares sold	160,106	267,993	261,107	480,885
Dividends and interest receivable	76,646	246,358	1,048,715	94,043
Other assets	980	779	2,250	712
Total assets	364,027,419	283,353,517	755,750,769	239,242,812
Liabilities
Payable for investments purchased	2,192,282	583,095	—	13,022,452
Payable upon return of securities loaned	85,194,265	65,600,494	82,182,802	38,058,720
Payable to affiliates
Fund administration expenses	3,785	4,030	14,120	3,468
Other payables and accrued expenses	44,034	42,918	160,799	28,740
Total liabilities	87,434,366	66,230,537	82,357,721	51,113,380
Net assets
Capital paid-in	236,883,495	201,796,465	575,534,016	166,439,231
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions	11,807,231	3,115,924	10,722,016	1,892,168
Unrealized appreciation (depreciation) on investments,
and translation of assets and liabilities in foreign currencies	28,089,100	12,083,701	86,457,565	19,787,865
Undistributed net investment income (loss)	(186,773)	126,890	679,451	10,168
Net assets	$276,593,053	$217,122,980	$673,393,048	$188,129,432
Investments, including repurchase agreements, at cost	$334,133,582	$270,680,103	$667,980,608	$206,845,022
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Mid Cap Stock		NAV per share
Class 1 ($105,252,598 ÷ 6,436,389 shares)		$16.35
Class NAV ($171,340,455 ÷ 10,468,423 shares)		$16.37
Mid Cap Value
Class 1 ($87,001,095 ÷ 4,545,945 shares)		$19.14
Class NAV ($130,121,885 ÷ 6,807,250 shares)		$19.12
Natural Resources
Class 1 ($58,231,459 ÷ 1,750,647 shares)		$33.26
Class NAV ($615,161,589 ÷ 18,558,040 shares)		$33.15
Quantitative Mid Cap
Class 1 ($143,917,802 ÷ 9,316,595 shares)		$15.45
Class NAV ($44,211,630 ÷ 2,862,961 shares)		$15.44

The accompanying notes are an integral part of the financial statements. 33

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

	Quantitative	Real Estate
Assets	Value	Securities	Real Return Bond	Small Cap
Investments, at value	$348,453,886	$695,974,010	$675,758,438	$205,174,257
Securities loaned, at value (Note 2)	54,005,024	47,412,541	312,130,477	89,987,734
Repurchase agreements, at value	—	7,519,000	10,340,000	6,329,000
Cash	9,985	30	2,041	72
Foreign currency, at value	—	—	9,314	—
Receivable for investments sold	—	5,543,966	—	389,364
Receivable for delayed delivery securities sold	—	—	3,262,230	—
Receivable for shares sold	615,396	450,255	192,975	51,170
Dividends and interest receivable	848,426	661,904	2,955,689	93,349
Unrealized appreciation of swap contracts (Note 2)	—	—	37,833	—
Other assets	1,312	2,239	1,741	661
Total assets	403,934,029	757,563,945	1,004,690,738	302,025,607
Liabilities
Payable for investments purchased	3,343,584	6,070,061	296,580	383,411
Payable for delayed delivery securities purchased	—	—	58,022,989	—
Payable for shares repurchased	109,214	—	—	—
Payable upon return of securities loaned	55,387,811	48,505,156	318,498,126	92,214,294
Payable for options written, at value (Note 2)	—	—	10,281	—
Payable for futures variation margin	—	—	55,144	—
Payable for forward foreign currency exchange contracts (Note 2)	—	—	6,948	—
Payable to affiliates
Fund administration expenses	6,326	12,891	12,433	2,957
Other payables and accrued expenses	44,949	84,011	84,866	27,771
Total liabilities	58,891,884	54,672,119	376,987,367	92,628,433
Net assets
Capital paid-in	310,673,494	613,099,974	625,086,493	185,093,365
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, options written, interest rate swaps, and foreign
currency transactions	13,549,665	3,259,539	(543,978)	297,643
Unrealized appreciation (depreciation) on investments, futures contracts,
options written, interest rate swaps and translation of assets and
liabilities in foreign currencies	19,752,467	82,187,933	4,877,831	24,278,473
Undistributed net investment income (loss)	1,066,519	4,344,380	(1,716,975)	(272,307)
Net assets	$345,042,145	$702,891,826	$627,703,371	$209,397,174
Investments, including repurchase agreements, at cost	$382,706,443	$668,717,618	$992,609,664	$277,212,518
Foreign currency, at cost	—	—	$9,244	—
Premiums received on written options	—	—	$47,522	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Quantitative Value		NAV per share
Class 1 ($85,442,178 ÷ 5,422,900 shares)		$15.76
Class NAV ($259,599,967 ÷ 16,475,680 shares)		$15.76
Real Estate Securities
Class 1 ($143,356,545 ÷ 5,349,278 shares)		$26.80
Class NAV ($559,535,281 ÷ 20,910,733 shares)		$26.76
Real Return Bond
Class 1 ($15,245,756 ÷ 1,128,144 shares)		$13.51
Class NAV ($612,457,615 ÷ 45,625,259 shares)		$13.42
Small Cap
Class 1 ($408,820 ÷ 26,770 shares)		$15.27
Class NAV ($208,988,354 ÷ 13,667,379 shares)		$15.29

The accompanying notes are an integral part of the financial statements. 34

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

		Small Cap		Small
Assets	Small Cap Index	Opportunities	Small Company	Company Growth
Investments, at value	$64,207,526	$250,487,302	$85,426,727	$63,483,773
Securities loaned, at value (Note 2)	—	130,104,006	33,784,081	—
Repurchase agreements, at value	—	13,380,000	375,000	980,000
Cash	14,738	983	451	235
Receivable for investments sold	—	1,933,864	1,824,303	268,151
Receivable for shares sold	14,092	99,035	176,372	12,693
Dividends and interest receivable	55,907	108,685	41,319	3,669
Other assets	259	806	243	231
Total assets	64,292,522	396,114,681	121,628,496	64,748,752
Liabilities
Payable for investments purchased	—	496,904	2,151,432	425,879
Payable upon return of securities loaned	—	133,253,392	34,585,798	—
Payable for futures variation margin	39,600	—	—	—
Payable to affiliates
Fund administration expenses	1,146	4,644	1,483	1,006
Other payables and accrued expenses	12,744	35,750	69,958	16,085
Total liabilities	53,490	133,790,690	36,808,671	442,970
Net assets
Capital paid-in	56,037,681	233,346,987	75,562,848	56,548,324
Accumulated undistributed net realized gain (loss) on investments,
and foreign currency transactions	58,754	1,380,665	1,465,036	766,095
Unrealized appreciation (depreciation) on investments,
and futures contracts	8,043,393	27,180,837	7,889,829	7,151,980
Undistributed net investment income (loss)	99,204	415,502	(97,888)	(160,617)
Net assets	$64,239,032	$262,323,991	$84,819,825	$64,305,782
Investments, including repurchase agreements, at cost	$56,308,945	$366,790,471	$111,695,979	$57,311,793
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Small Cap Index		NAV per share
Class NAV ($64,239,032 ÷ 3,982,225 shares)		$16.13
Small Cap Opportunities
Class 1 ($27,076,668 ÷ 1,121,995 shares)		$24.13
Class NAV ($235,247,323 ÷ 9,793,524 shares)		$24.02
Small Company
Class 1 ($6,535,654 ÷ 383,901 shares)		$17.02
Class NAV ($78,284,171 ÷ 4,593,434 shares)		$17.04
Small Company Growth
Class NAV ($64,305,782 ÷ 5,640,644 shares)		$11.40

The accompanying notes are an integral part of the financial statements. 35

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

Assets	Small Company Value	Special Value	Spectrum Income	Strategic Bond
Investments, at value	$353,757,281	$106,429,577	$612,840,366	$547,952,204
Securities loaned, at value (Note 2)	124,033,044	38,867,372	—	98,455,905
Repurchase agreements, at value	3,178,000	11,157,000	33,553,000	143,073,000
Cash	522	436	—	—
Foreign currency, at value	—	—	3,079,179	—
Receivable for investments sold	416,287	124,965	5,196,471	516,247
Receivable for delayed delivery securities sold	—	—	2,967,003	—
Receivable for shares sold	203,904	22,632	337,039	72,524
Receivable for forward foreign currency exchange contracts (Note 2)	—	—	296,628	—
Dividends and interest receivable	219,199	75,487	5,997,108	4,521,325
Receivable for futures variation margin	—	—	8,517	10,938
Other assets	1,240	295	2,265	133,140
Total assets	481,809,477	156,677,764	664,277,576	794,735,283
Liabilities
Due to custodian	—	—	160,619	19,848
Payable for investments purchased	493,358	5,363,120	10,094,860	1,412,781
Payable for delayed delivery securities purchased	—	—	6,402,979	183,483,647
Payable upon return of securities loaned	127,033,163	39,827,991	—	100,471,016
Payable for forward foreign currency exchange contracts (Note 2)	—	—	131,851	—
Payable to affiliates
Fund administration expenses	6,130	1,973	10,294	9,427
Other payables and accrued expenses	46,910	23,879	385,031	111,476
Total liabilities	127,579,561	45,216,963	17,185,634	285,508,195
Net assets
Capital paid-in	310,563,234	101,525,199	632,202,851	502,011,613
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, and foreign currency transactions	1,194,462	86,092	237,527	718,226
Unrealized appreciation (depreciation) on investments, futures
contracts, and translation of assets and liabilities
in foreign currencies	42,397,287	9,815,284	10,861,028	2,769,539
Undistributed net investment income (loss)	74,933	34,226	3,790,536	3,727,710
Net assets	$354,229,916	$111,460,801	$647,091,942	$509,227,088
Investments, including repurchase agreements, at cost	$438,571,038	$146,638,665	$635,696,586	$786,693,645
Foreign currency, at cost	—	—	$3,077,169	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Small Company Value		NAV per share
Class 1 ($144,060,322 ÷ 5,957,108 shares)		$24.18
Class NAV ($210,169,594 ÷ 8,702,757 shares)		$24.15
Special Value
Class 1 ($2,967,473 ÷ 143,042 shares)		$20.75
Class NAV ($108,493,328 ÷ 5,226,560 shares)		$20.76
Spectrum Income
Class NAV ($647,091,942 ÷ 63,126,657 shares)		$10.25
Strategic Bond
Class 1 ($39,297,009 ÷ 3,269,381 shares)		$12.02
Class NAV ($469,930,079 ÷ 39,151,205 shares)		$12.00

The accompanying notes are an integral part of the financial statements. 36

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

			U.S. Global	U.S. Government
Assets	Strategic Value	Total Return	Leaders Growth	Securities
Investments, at value	$136,646,100	$1,375,806,776	$420,562,252	$291,086,313
Securities loaned, at value (Note 2)	6,056,133	—	—	—
Repurchase agreements, at value	—	33,543,000	12,926,000	30,188,000
Cash	650	79,396	445	—
Foreign currency, at value	—	14,912,957	—	—
Receivable for investments sold	1,600,268	—	3,106,617	—
Receivable for delayed delivery securities sold	—	22,652,781	—	—
Receivable for shares sold	45,531	161,984	61,929	88,198
Receivable for forward foreign currency exchange contracts (Note 2)	—	721,014	—	—
Dividends and interest receivable	52,106	3,658,939	392,632	713,207
Receivable for futures variation margin	—	737,284	—	—
Other assets	409	3,162	1,037	766
Total assets	144,401,197	1,452,277,293	437,050,912	322,076,484
Liabilities
Due to custodian	—	—	—	118,227
Payable for investments purchased	2,725,264	15,899,359	12,561,459	—
Payable for delayed delivery securities purchased	—	387,640,469	—	129,162,573
Payable for shares repurchased	—	—	5,285	18,230
Payable upon return of securities loaned	6,331,582	—	—	—
Payable for options written, at value (Note 2)	—	1,174,331	—	—
Unrealized depreciation of swap contracts (Note 2)	—	190,777	—	—
Payable for futures variation margin	—	—	—	19,281
Payable for forward foreign currency exchange contracts (Note 2)	—	99,472	—	—
Payable to affiliates
Fund administration expenses	2,447	18,466	5,005	4,010
Other payables and accrued expenses	23,116	173,785	46,420	56,429
Total liabilities	9,082,409	405,196,659	12,618,169	129,378,750
Net assets
Capital paid-in	128,219,920	1,037,780,356	420,300,310	191,273,101
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, options written, interest rate swaps, and foreign
currency transactions	16,043	3,367,238	267,667	(129,163)
Unrealized appreciation (depreciation) on investments, futures contracts,
options written, interest rate swaps and translation of assets and
liabilities in foreign currencies	6,957,003	(341,539)	3,541,736	213,177
Undistributed net investment income (loss)	125,822	6,274,579	323,030	1,340,619
Net assets	$135,318,788	$1,047,080,634	$424,432,743	$192,697,734
Investments, including repurchase agreements, at cost	$135,745,230	$1,407,936,256	$429,946,516	$321,061,591
Foreign currency, at cost	—	$14,912,957	—	—
Premiums received on written options	—	$1,121,248	—	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
Strategic Value		NAV per share
Class 1 ($13,184,733 ÷ 1,207,746 shares)		$10.92
Class NAV ($122,134,055 ÷ 11,227,968 shares)		$10.88
Total Return
Class 1 ($112,052,323 ÷ 8,123,665 shares)		$13.79
Class NAV ($935,028,311 ÷ 67,930,903 shares)		$13.76
U.S. Global Leaders Growth
Class 1 ($23,400,443 ÷ 1,752,057 shares)		$13.36
Class NAV ($401,032,300 ÷ 30,001,576 shares)		$13.37
U.S. Government Securities
Class 1 ($46,536,876 ÷ 3,414,462 shares)		$13.63
Class NAV ($146,160,858 ÷ 10,747,111 shares)		$13.60

The accompanying notes are an integral part of the financial statements. 37

John Hancock Funds II
Statements of Assets and Liabilities — February 28, 2006 (Unaudited)

	U.S. High		Value &
Assets	Yield Bond	U.S. Multi Sector	Restructuring	Vista
Investments, at value	$157,455,065	$1,030,400,448	$174,630,565	$108,394,353
Securities loaned, at value (Note 2)	21,245,630	—	—	23,446,851
Repurchase agreements, at value	11,028,000	53,815,000	1,678,000	3,159,000
Cash	697	721	489	721
Foreign currency, at value	—	—	23,884	—
Receivable for investments sold	1,666,460	—	29	3,003,822
Receivable for shares sold	115,146	578,587	110,288	22,362
Dividends and interest receivable	2,923,488	1,384,850	330,176	59,875
Other assets	518	3,784	636	380
Total assets	194,435,004	1,086,183,390	176,774,067	138,087,364
Liabilities
Due to custodian	—	—	—	859,543
Payable for investments purchased	3,774,872	—	275,911	4,008,673
Payable for delayed delivery securities purchased	2,240,324	—	—	—
Payable upon return of securities loaned	21,693,548	—	—	23,978,603
Payable for options written, at value (Note 2)	—	—	3,730	—
Payable for futures variation margin	—	287,100	—	—
Payable for forward foreign currency exchange contracts (Note 2)	—	—	—	14,074
Payable to affiliates
Fund administration expenses	3,014	17,230	2,805	1,686
Other payables and accrued expenses	35,549	175,927	26,198	26,942
Total liabilities	27,747,307	480,257	308,644	28,889,521
Net assets
Capital paid-in	162,724,079	1,024,502,348	158,095,661	97,277,527
Accumulated undistributed net realized gain (loss) on investments,
futures contracts, options written, and foreign currency transactions	72,199	10,439,313	597,630	(1,702,489)
Unrealized appreciation (depreciation) on investments, futures
contracts, options written, and translation of assets and
liabilities in foreign currencies	2,168,739	49,217,740	17,370,405	13,439,726
Undistributed net investment income (loss)	1,722,680	1,543,732	401,727	183,079
Net assets	$166,687,697	$1,085,703,133	$176,465,423	$109,197,843
Investments, including repurchase agreements, at cost	$187,559,956	$1,035,294,786	$159,007,699	$121,547,295
Foreign currency, at cost	—	—	$23,927	—
Premiums received on written options	—	—	$73,250	—
Net asset value per share
Based on net asset values and shares outstanding — The Funds have an unlimited number of shares authorized with no par value.
U.S. High Yield Bond		NAV per share
Class 1 ($590,906 ÷ 45,139 shares)		$13.09
Class NAV ($166,096,791 ÷ 12,690,588 shares)		$13.09
U.S. Multi Sector
Class NAV ($1,085,703,133 ÷ 102,021,815 shares)		$10.64
Value & Restructuring
Class NAV ($176,465,423 ÷ 15,781,505 shares)		$11.18
Vista
Class NAV ($109,197,843 ÷ 9,679,275 shares)		$11.28

The accompanying notes are an integral part of the financial statements. 38

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

Investment income	500 Indexb	Active Bonda	All Cap Growtha	All Cap Valuea
Dividends	$1,872,244	—	$480,757	$1,107,495
Interest	169,564	$6,015,657	58,100	59,535
Less foreign taxes withheld	—	(864)	(1,352)	(11,104)
Total investment income	2,041,808	6,014,793	537,505	1,155,926
Expenses
Investment management fees (Note 3)	405,329	751,333	434,298	522,175
Class 1 distribution and service fees (Note 3)	—	6,833	6,616	3,370
Fund administration fees (Note 3)	5,119	7,671	2,696	3,474
Audit and legal fees	7,015	9,669	6,514	6,784
Custodian fees	4,268	84,634	23,368	17,018
Trustees’ fees (Note 3)	1,102	1,647	578	746
Registration and filing fees	14,818	22,205	7,806	10,058
Miscellaneous	1,896	6,460	1,008	1,217
Total expenses	439,547	890,452	482,884	564,842
Net investment income (loss)	1,602,261	5,124,341	54,621	591,084
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments (Note 5)	198,150	208,469	1,135,418	3,138,085
Futures contracts	(81,977)	—	—	—
Foreign currency transactions	—	(189)	(1,419)	—
Change in net unrealized appreciation (depreciation) of
Investments	16,502,177	101,404	12,347,108	15,138,950
Futures contracts	111,273	—	—	—
Translation of assets and liabilities in foreign currencies	—	160	140	—
Net realized and unrealized gain (loss)	16,729,623	309,844	13,481,247	18,277,035
Increase (decrease) in net assets from operations	$18,331,884	$5,434,185	$13,535,868	$18,868,119

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 39

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

Investment income	Blue Chip Growtha	Capital Appreciationa	Core Bonda	Core Equitya
Dividends	$6,608,959	$884,279	—	$1,105,694
Interest	185,698	122,541	$2,659,392	52,203
Less foreign taxes withheld	(19,324)	(26,565)	(228)	—
Total investment income	6,775,333	980,255	2,659,164	1,157,897
Expenses
Investment management fees (Note 3)	3,025,819	789,347	382,400	1,281,495
Class 1 distribution and service fees (Note 3)	23,675	3,005	29	1,466
Fund administration fees (Note 3)	17,829	5,317	3,229	8,627
Audit and legal fees	11,775	7,425	8,125	8,576
Custodian fees	74,250	17,254	58,042	28,984
Trustees’ fees (Note 3)	3,828	1,141	693	1,852
Registration and filing fees	63,049	15,392	9,349	24,972
Miscellaneous	10,263	2,298	12,599	3,648
Total expenses	3,230,488	841,179	474,466	1,359,620
Less expense reductions (Note 3)	(57,625)	—	—	—
Net expenses	3,172,863	841,179	474,466	1,359,620
Net investment income (loss)	3,602,470	139,076	2,184,698	(201,723)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	(366,521)	2,146,283	258,429	902,392
Foreign currency transactions	139,165	37,123	—	11,372
Change in net unrealized appreciation (depreciation) of
Investments	82,211,510	19,512,575	(222,228)	33,181,404
Translation of assets and liabilities in foreign currencies	433	—	—	—
Net realized and unrealized gain (loss)	81,984,587	21,695,981	36,201	34,095,168
Increase (decrease) in net assets from operations	$85,587,057	$21,835,057	$2,220,899	$33,893,445

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 40

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

		Emerging
Investment income	Emerging Growtha	Small Companya	Equity-Incomea	Fundamental Valuea
Dividends	$178,972	$124,640	$7,235,816	$2,556,478
Interest	106,225	9,717	592,276	1,155,411
Less foreign taxes withheld	—	(284)	(36,128)	(17,910)
Total investment income	285,197	134,073	7,791,964	3,693,979
Expenses
Investment management fees (Note 3)	490,881	219,584	2,263,552	1,620,307
Class 1 distribution and service fees (Note 3)	23,735	10,262	30,667	9,794
Fund administration fees (Note 3)	3,229	1,945	13,616	11,548
Audit and legal fees	7,060	6,253	10,310	9,590
Custodian fees	11,147	8,255	52,652	51,941
Trustees’ fees (Note 3)	693	417	2,924	2,479
Registration and filing fees	9,347	5,632	47,258	33,429
Miscellaneous	9,741	764	8,318	3,928
Total expenses	555,833	253,112	2,429,297	1,743,016
Less expense reductions (Note 3)	—	(9,971)	(46,376)	—
Net expenses	555,833	243,141	2,382,921	1,743,016
Net investment income (loss)	(270,636)	(109,068)	5,409,043	1,950,963
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	3,589,393	1,258,520	2,414,784	(87,831)
Futures contracts	(642,616)	—	—	—
Foreign currency transactions	—	—	12,165	(71,202)
Change in net unrealized appreciation (depreciation) of
Investments	21,450,303	7,044,365	56,201,196	30,555,739
Translation of assets and liabilities in foreign currencies	—	—	(1,393)	356
Net realized and unrealized gain (loss)	24,397,080	8,302,885	58,626,752	30,397,062
Increase (decrease) in net assets from operations	$24,126,444	$8,193,817	$64,035,795	$32,348,025

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 41

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

			International	International
Investment income	Global Bonda	High Yielda	Equity Indexb	Opportunitiesa
Dividends	—	$44,364	$941,148	$899,604
Interest	$7,326,092	38,788,890	102,609	155,500
Securities lending	—	118,424	—	—
Less foreign taxes withheld	(518)	(34,336)	(50,817)	(65,874)
Total investment income	7,325,574	38,917,342	992,940	989,230
Expenses
Investment management fees (Note 3)	1,219,505	3,097,348	307,956	1,267,294
Class 1 distribution and service fees (Note 3)	7,233	7,180	—	238
Fund administration fees (Note 3)	10,079	26,620	3,315	3,083
Audit and legal fees	12,295	16,727	6,387	7,010
Custodian fees	89,194	157,327	4,268	134,672
Trustees’ fees (Note 3)	2,164	5,715	713	662
Registration and filing fees	29,177	77,061	9,596	22,852
Miscellaneous	31,555	8,733	3,937	3,187
Total expenses	1,401,202	3,396,711	336,172	1,438,998
Net investment income (loss)	5,924,372	35,520,631	656,768	(449,768)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments (Note 5)	1,367,801	1,786,719	375,892	15,730,799
Futures contracts	(921,484)	—	612,895	—
Options written	(37,969)	—	—	—
Interest rate swap contracts	(3,140,233)	—	—	—
Foreign currency transactions	(9,359,015)	8,620	143,144	(146,795)
Change in net unrealized appreciation (depreciation) of
Investments	(1,885,369)	21,241,048	21,471,702	58,183,594
Futures contracts	(1,138,927)	—	156,209	—
Options written	790,676	—	—	—
Interest rate swap contracts	3,045,458	—	—	—
Translation of assets and liabilities in foreign currencies	4,478,941	(1,149)	82,519	(6,523)
Net realized and unrealized gain (loss)	(6,800,121)	23,035,238	22,842,361	73,761,075
Increase (decrease) in net assets from operations	($875,749)	$58,555,869	$23,499,129	$73,311,307

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 42

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

	International	International	International	Investment
Investment income	Small Capa	Stocka	Valuea	Quality Bonda
Dividends	$1,716,951	$5,534,898	$8,935,204	—
Interest	333,390	355,292	560,846	$2,065,617
Less foreign taxes withheld	(160,754)	(238,104)	(213,973)	(2,229)
Total investment income	1,889,587	5,652,086	9,282,077	2,063,388
Expenses
Investment management fees (Note 3)	1,598,544	2,681,259	2,652,098	241,393
Class 1 distribution and service fees (Note 3)	5,974	5,235	20,125	6,070
Fund administration fees (Note 3)	6,487	17,378	15,974	2,427
Audit and legal fees	8,193	9,397	11,647	8,098
Custodian fees	293,992	387,160	419,869	52,857
Trustees’ fees (Note 3)	1,394	2,137	3,431	520
Registration and filing fees	29,061	50,307	54,500	7,024
Miscellaneous	24,419	4,617	5,996	1,660
Total expenses	1,968,064	3,157,490	3,183,640	320,049
Less expense reductions (Note 3)	—	—	(56,339)	—
Net expenses	1,968,064	3,157,490	3,127,301	320,049
Net investment income (loss)	(78,477)	2,494,596	6,154,776	1,743,339
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	7,036,304	11,672,906	13,440,226	(17,195)
Futures contracts	—	2,285,067	—	(47,798)
Foreign currency transactions	148,257	715,261	877,446	—
Change in net unrealized appreciation (depreciation) of
Investmentsc	53,901,321	98,670,649	74,623,982	(4,185)
Futures contracts	—	2,181,263	—	(18,008)
Translation of assets and liabilities in foreign currencies	(131,224)	339,777	(39,597)	—
Net realized and unrealized gain (loss)	60,954,658	115,864,923	88,902,057	(87,186)
Increase (decrease) in net assets from operations	$60,876,181	$118,359,519	$95,056,833	$1,656,153

a Period from 10-15-05 (commencement of operations) to 2-28-06.
c Net of $146,381 in deferred foreign withholding taxes for International Small Cap.

The accompanying notes are an integral part of the financial statements. 43

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

Investment income	Large Capa	Large Cap Valuea	Mid Cap Corea	Mid Cap Indexb
Dividends	$950,874	$940,999	$1,177,722	$281,210
Interest	52,623	15,817	625,203	39,900
Less foreign taxes withheld	—	—	(1,358)	—
Total investment income	1,003,497	956,816	1,801,567	321,110
Expenses
Investment management fees (Note 3)	450,418	433,985	965,849	96,393
Class 1 distribution and service fees (Note 3)	170	2,192	1,488	—
Fund administration fees (Note 3)	3,027	2,824	6,344	1,147
Audit and legal fees	6,628	6,558	7,782	5,634
Custodian fees	10,232	9,923	40,980	4,268
Trustees’ fees (Note 3)	651	606	1,361	248
Registration and filing fees	8,764	8,175	18,364	3,323
Miscellaneous	1,161	7,023	2,433	427
Total expenses	481,051	471,286	1,044,601	111,440
Less expense reductions (Note 3)	—	—	—	(2,885)
Net expenses	481,051	471,286	1,044,601	108,555
Net investment income (loss)	522,446	485,530	756,966	212,555
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	1,015,106	2,147,928	11,747,318	233,010
Futures contracts	57,155	—	—	—
Foreign currency transactions	—	—	31,520	—
Change in net unrealized appreciation (depreciation) of
Investments	9,781,117	11,215,178	18,167,851	6,324,680
Futures contracts	(4,775)	—	—	68,873
Net realized and unrealized gain (loss)	10,848,603	13,363,106	29,946,689	6,626,563
Increase (decrease) in net assets from operations	$11,371,049	$13,848,636	$30,703,655	$6,839,118

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 44

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

				Quantitative
Investment income	Mid Cap Stocka	Mid Cap Valuea	Natural Resourcesa	Mid Capa
Dividends	$426,782	$1,052,025	$3,472,981	$506,562
Interest	224,425	85,663	546,880	61,085
Securities lending	—	—	2,412	—
Less foreign taxes withheld	(500)	(1,161)	(131,635)	—
Total investment income	650,707	1,136,527	3,890,638	567,647
Expenses
Investment management fees (Note 3)	760,684	621,545	2,278,055	470,526
Class 1 distribution and service fees (Note 3)	17,806	15,666	9,395	25,046
Fund administration fees (Note 3)	3,803	4,046	14,150	3,484
Audit and legal fees	6,898	6,983	10,496	6,787
Custodian fees	25,645	23,602	106,454	11,403
Trustees’ fees (Note 3)	818	869	3,036	748
Registration and filing fees	11,009	11,713	40,962	10,088
Miscellaneous	2,262	1,695	6,460	1,753
Total expenses	828,925	686,119	2,469,008	529,835
Net investment income (loss)	(178,218)	450,408	1,421,630	37,812
Realized and unrealized gain (loss) on
Net realized gain (loss)
Investments (Note 5)	12,102,077	3,179,407	6,310,056	1,954,122
Futures contracts	—	—	4,274,760	—
Foreign currency transactions	2,439	—	137,200	—
Change in net unrealized appreciation (depreciation) of
Investments	28,089,100	12,083,701	86,457,359	19,787,865
Translation of assets and liabilities in foreign currencies	—	—	206	—
Net realized and unrealized gain (loss)	40,193,616	15,263,108	97,179,581	21,741,987
Increase (decrease) in net assets from operations	$40,015,398	$15,713,516	$98,601,211	$21,779,799

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 45

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

	Quantitative	Real Estate
Investment income	Valuea	Securitiesa	Real Return Bonda	Small Capa
Dividends	$3,083,007	$10,036,882	—	$278,514
Interest	67,483	108,830	$5,085,428	52,686
Total investment income	3,150,490	10,145,712	5,085,428	331,200
Expenses
Investment management fees (Note 3)	818,835	1,599,892	1,388,218	571,205
Class 1 distribution and service fees (Note 3)	17,419	25,266	2,807	35
Fund administration fees (Note 3)	6,355	12,927	12,456	2,965
Audit and legal fees	7,785	10,070	12,583	6,607
Custodian fees	17,915	34,132	33,584	12,065
Trustees’ fees (Note 3)	1,365	2,776	2,673	637
Registration and filing fees	18,398	37,420	36,059	8,586
Miscellaneous	6,280	4,319	9,980	1,407
Total expenses	894,352	1,726,802	1,498,360	603,507
Net investment income (loss)	2,256,138	8,418,910	3,587,068	(272,307)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	13,594,334	4,015,011	(879,736)	297,643
Futures contracts	—	—	348,609	—
Options written	—	—	161,688	—
Interest rate swap contracts	—	—	(2,630)	—
Foreign currency transactions	—	—	(27,565)	—
Change in net unrealized appreciation (depreciation) of
Investments	19,752,467	82,187,933	5,619,251	24,278,473
Futures contracts	—	—	(809,597)	—
Options written	—	—	37,241	—
Interest rate swap contracts	—	—	37,833	—
Translation of assets and liabilities in foreign currencies	—	—	(6,897)	—
Net realized and unrealized gain (loss)	33,346,801	86,202,944	4,478,197	24,576,116
Increase (decrease) in net assets from operations	$35,602,939	$94,621,854	$8,065,265	$24,303,809

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 46

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

		Small Cap		Small Company
Investment income	Small Cap Indexb	Opportunitiesa	Small Companya	Growthb
Dividends	$253,817	$1,722,831	$245,252	$36,119
Interest	41,304	85,751	9,448	19,686
Less foreign taxes withheld	(159)	(3,229)	(215)	—
Total investment income	294,962	1,805,353	254,485	55,805
Expenses
Investment management fees (Note 3)	96,838	830,976	279,094	198,962
Class 1 distribution and service fees (Note 3)	—	4,570	975	—
Fund administration fees (Note 3)	1,147	4,657	1,486	1,006
Audit and legal fees	5,634	7,195	6,093	5,197
Custodian fees	4,268	14,206	59,263	7,746
Trustees’ fees (Note 3)	248	1,000	319	216
Registration and filing fees	3,323	13,480	4,301	2,912
Miscellaneous	479	1,931	842	383
Total expenses	111,937	878,015	352,373	216,422
Less expense reductions (Note 3)	(2,851)	—	—	—
Net expenses	109,086	878,015	352,373	216,422
Net investment income (loss)	185,876	927,338	(97,888)	(160,617)
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	58,754	1,417,733	1,465,036	766,095
Foreign currency transactions	—	(119)	—	—
Change in net unrealized appreciation (depreciation) of
Investments	7,898,581	27,180,837	7,889,829	7,151,980
Futures contracts	144,812	—	—	—
Net realized and unrealized gain (loss)	8,102,147	28,598,451	9,354,865	7,918,075
Increase (decrease) in net assets from operations	$8,288,023	$29,525,789	$9,256,977	$7,757,458

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 47

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

Investment income	Small Company Valuea	Special Valuea	Spectrum Incomeb	Strategic Bonda
Dividends	$1,820,741	$412,351	$1,063,702	$1,805
Interest	178,697	76,408	8,586,494	9,024,805
Securities lending	—	—	—	17,106
Less foreign taxes withheld	—	—	(19,003)	(5,412)
Total investment income	1,999,438	488,759	9,631,193	9,038,304
Expenses
Investment management fees (Note 3)	1,200,993	345,944	1,476,455	1,138,634
Class 1 distribution and service fees (Note 3)	25,353	475	—	7,176
Fund administration fees (Note 3)	6,153	1,976	10,315	9,458
Audit and legal fees	7,715	6,262	9,893	10,542
Custodian fees	20,434	11,460	335,115	71,938
Trustees’ fees (Note 3)	1,322	424	2,214	2,030
Registration and filing fees	17,810	5,720	37,649	27,378
Miscellaneous	4,539	612	5,027	3,357
Total expenses	1,284,319	372,873	1,876,668	1,270,513
Less expense reductions (Note 3)	(34,174)	—	(25,222)	—
Net expenses	1,250,145	372,873	1,851,446	1,270,513
Net investment income (loss)	749,293	115,886	7,779,747	7,767,791
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	1,194,462	86,092	343,392	774,073
Futures contracts	—	—	(8,612)	62,895
Foreign currency transactions	—	—	(97,253)	6,091
Change in net unrealized appreciation (depreciation) of
Investments	42,397,287	9,815,284	10,696,780	2,787,464
Futures contracts	—	—	9,917	(17,905)
Translation of assets and liabilities in foreign currencies	—	—	154,331	(20)
Net realized and unrealized gain (loss)	43,591,749	9,901,376	11,098,555	3,612,598
Increase (decrease) in net assets from operations	$44,341,042	$10,017,262	$18,878,302	$11,380,389

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 48

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

			U.S. Global	U.S. Government
Investment income	Strategic Valuea	Total Returna	Leaders Growtha	Securitiesa
Dividends	$676,775	—	$1,399,943	—
Interest	48,048	$15,392,051	80,188	$3,081,881
Total investment income	724,823	15,392,051	1,480,131	3,081,881
Expenses
Investment management fees (Note 3)	368,671	2,355,692	889,697	427,700
Class 1 distribution and service fees (Note 3)	2,395	20,715	4,459	8,846
Fund administration fees (Note 3)	2,453	18,509	5,021	4,028
Audit and legal fees	6,428	14,759	7,322	6,976
Custodian fees	9,104	101,801	17,341	37,315
Trustees’ fees (Note 3)	527	3,974	1,078	864
Registration and filing fees	7,102	53,582	20,927	11,658
Miscellaneous	803	66,514	1,850	1,213
Total expenses	397,483	2,635,546	947,695	498,600
Net investment income (loss)	327,340	12,756,505	532,436	2,583,281
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	16,043	2,787,116	267,667	(79,290)
Futures contracts	—	(885,326)	—	10,152
Options written	—	281,388	—	—
Interest rate swap contracts	—	66,937	—	—
Foreign currency transactions	—	1,117,123	—	—
Change in net unrealized appreciation (depreciation) of
Investments	6,957,003	1,413,520	3,541,736	212,722
Futures contracts	—	(2,132,741)	—	455
Options written	—	(53,083)	—	—
Interest rate swap contracts	—	(190,777)	—	—
Translation of assets and liabilities in foreign currencies	—	621,542	—	—
Net realized and unrealized gain (loss)	6,973,046	3,025,699	3,809,403	144,039
Increase (decrease) in net assets from operations	$7,300,386	$15,782,204	$4,341,839	$2,727,320

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 49

John Hancock Funds II
Statements of Operations — for the period ended February 28, 2006 (Unaudited)

	U.S. High		Value &
Investment income	Yield Bonda	U.S. Multi Sectorb	Restructuringb	Vistab
Dividends	—	$5,246,483	$1,288,525	$494,496
Interest	$4,212,838	454,152	32,963	19,815
Less foreign taxes withheld	(6,286)	—	(15,308)	(347)
Total investment income	4,206,552	5,700,635	1,306,180	513,964
Expenses
Investment management fees (Note 3)	396,824	2,536,446	468,299	301,353
Class 1 distribution and service fees (Note 3)	48	—	—	—
Fund administration fees (Note 3)	3,022	17,266	2,811	1,689
Audit and legal fees	8,053	12,309	5,824	5,434
Custodian fees	18,188	96,777	11,591	16,230
Trustees’ fees (Note 3)	648	3,708	604	362
Registration and filing fees	8,749	62,863	8,139	4,891
Miscellaneous	1,037	6,407	1,067	926
Total expenses	436,569	2,735,776	498,335	330,885
Net investment income (loss)	3,769,983	2,964,859	807,845	183,079
Realized and unrealized gain (loss)
Net realized gain (loss) on
Investments	72,199	9,028,067	508,353	(1,667,564)
Futures contracts	—	1,427,988	—	—
Options written	—	—	71,901	—
Foreign currency transactions	—	(16,742)	17,376	(34,925)
Change in net unrealized appreciation (depreciation) of
Investments	2,168,739	48,920,662	17,300,866	13,452,909
Futures contracts	—	297,078	—	—
Options written	—	—	69,520	—
Translation of assets and liabilities in foreign currencies	—	—	19	(13,183)
Net realized and unrealized gain (loss)	2,240,938	59,657,053	17,968,035	11,737,237
Increase (decrease) in net assets from operations	$6,010,921	$62,621,912	$18,775,880	$11,920,316

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 50

John Hancock Funds II
Statements of Changes in Net Assets

	500 Index	Active Bond	All Cap Growth
	Period ended	Period ended	Period ended
	2-28-06b	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$1,602,261	$5,124,341	$54,621
Net realized gain (loss)	116,173	208,280	1,133,999
Change in net unrealized appreciation (depreciation)	16,613,450	101,564	12,347,248
Increase (decrease) in net assets resulting from operations	18,331,884	5,434,185	13,535,868
Distributions to shareholders
From net investment income
Class 1	—	(223,338)	(15,666)
Class NAV	(847,720)	(2,203,004)	(49,558)
	(847,720)	(2,426,342)	(65,224)
From Fund share transactions	266,118,200	392,669,241	130,103,194
Net assets
Beginning of period	—	—	—
End of period	$283,602,364	$395,677,084	$143,573,838
Undistributed net investment income (loss)	$754,541	$2,697,999	($10,603)
	All Cap Value	Blue Chip Growth	Capital Appreciation
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$591,084	$3,602,470	$139,076
Net realized gain (loss)	3,138,085	(227,356)	2,183,406
Change in net unrealized appreciation (depreciation)	15,138,950	82,211,943	19,512,575
Increase (decrease) in net assets resulting from operations	18,868,119	85,587,057	21,835,057
Distributions to shareholders
From net investment income
Class 1	(29,388)	(96,099)	—
Class NAV	(268,692)	(798,874)	—
	(298,080)	(894,973)	—
From Fund share transactions	172,228,738	1,071,569,311	277,993,252
Net assets
Beginning of period	—	—	—
End of period	$190,798,777	$1,156,261,395	$299,828,309
Undistributed net investment income (loss)	$293,004	$2,707,497	$139,076

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 51

John Hancock Funds II
Statements of Changes in Net Assets

	Core Bond	Core Equity	Emerging Growth
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$2,184,698	($201,723)	($270,636)
Net realized gain (loss)	258,429	913,764	2,946,777
Change in net unrealized appreciation (depreciation)	(222,228)	33,181,404	21,450,303
Increase (decrease) in net assets resulting from operations	2,220,899	33,893,445	24,126,444
Distributions to shareholders
From net investment income
Class 1	(911)	—	—
Class NAV	(1,142,506)	—	—
	(1,143,417)	—	—
From Fund share transactions	175,673,149	467,673,907	139,455,661
Net assets
Beginning of period	—	—	—
End of period	$176,750,631	$501,567,352	$163,582,105
Undistributed net investment income (loss)	$1,041,281	($201,723)	($270,636)
	Emerging Small Company	Equity-Income	Fundamental Value
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	($109,068)	$5,409,043	$1,950,963
Net realized gain (loss)	1,258,520	2,426,949	(159,033)
Change in net unrealized appreciation (depreciation)	7,044,365	56,199,803	30,556,095
Increase (decrease) in net assets resulting from operations	8,193,817	64,035,795	32,348,025
Distributions to shareholders
From net investment income
Class 1	—	(612,671)	(109,544)
Class NAV	—	(2,371,194)	(1,226,769)
	—	(2,983,865)	(1,336,313)
From Fund share transactions	49,097,929	791,112,683	625,561,970
Net assets
Beginning of period	—	—	—
End of period	$57,291,746	$852,164,613	$656,573,682
Undistributed net investment income (loss)	($109,068)	$2,425,178	$614,650

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 52

John Hancock Funds II
Statements of Changes in Net Assets

	Global Bond	High Yield	International Equity Index
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06b
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$5,924,372	$35,520,631	$656,768
Net realized gain (loss)	(12,090,900)	1,795,339	1,131,931
Change in net unrealized appreciation (depreciation)	5,290,779	21,239,899	21,710,430
Increase (decrease) in net assets resulting from operations	(875,749)	58,555,869	23,499,129
Distributions to shareholders
From net investment income
Class 1	(227,540)	(473,790)	—
Class NAV	(2,800,652)	(16,639,138)	(2,080,681)
	(3,028,192)	(17,112,928)	(2,080,681)
From Fund share transactions	540,772,677	1,435,091,397	166,171,938
Net assets
Beginning of period	—	—	—
End of period	$536,868,736	$1,476,534,338	$187,590,386
Undistributed net investment income (loss)	$2,896,180	$18,407,703	($1,423,913)
International Opportunities		International Small Cap	International Stock
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	($449,768)	($78,477)	$2,494,596
Net realized gain (loss)	15,584,004	7,184,561	14,673,234
Change in net unrealized appreciation (depreciation)	58,177,071	53,770,097	101,191,689
Increase (decrease) in net assets resulting from operations	73,311,307	60,876,181	118,359,519
Distributions to shareholders
From net investment income
Class 1	(42,136)	(59,757)	(619,551)
Class NAV	(18,582,164)	(1,022,670)	(19,349,670)
From net realized gain
Class 1	—	—	(5,707)
Class NAV	—	—	(175,912)
	(18,624,300)	(1,082,427)	(20,150,840)
From Fund share transactions	378,264,610	496,473,014	859,121,360
Net assets
Beginning of period	—	—	—
End of period	$432,951,617	$556,266,768	$957,330,039
Undistributed net investment income (loss)	($19,074,068)	($1,160,904)	($17,474,625)

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 53

John Hancock Funds II
Statements of Changes in Net Assets

	International Value	Investment Quality Bond	Large Cap
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$6,154,776	$1,743,339	$522,446
Net realized gain (loss)	14,317,672	(64,993)	1,072,261
Change in net unrealized appreciation (depreciation)	74,584,385	(22,193)	9,776,342
Increase (decrease) in net assets resulting from operations	95,056,833	1,656,153	11,371,049
Distributions to shareholders
From net investment income
Class 1	(353,039)	(272,643)	(1,427)
Class NAV	(2,875,449)	(689,195)	(212,012)
	(3,228,488)	(961,838)	(213,439)
From Fund share transactions	913,732,348	117,274,724	158,913,270
Net assets
Beginning of period	—	—	—
End of period	$1,005,560,693	$117,969,039	$170,070,880
Undistributed net investment income (loss)	$2,926,288	$781,501	$309,007
	Large Cap Value	Mid Cap Core	Mid Cap Index
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06b
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$485,530	$756,966	$212,555
Net realized gain (loss)	2,147,928	11,778,838	233,010
Change in net unrealized appreciation (depreciation)	11,215,178	18,167,851	6,393,553
Increase (decrease) in net assets resulting from operations	13,848,636	30,703,655	6,839,118
Distributions to shareholders
From net investment income
Class 1	(24,236)	(8,276)	—
Class NAV	(293,006)	(374,238)	(98,937)
	(317,242)	(382,514)	(98,937)
From Fund share transactions	145,947,350	325,329,292	57,027,105
Net assets
Beginning of period	—	—	—
End of period	$159,478,744	$355,650,433	$63,767,286
Undistributed net investment income (loss)	$168,288	$374,452	$113,618

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 54

John Hancock Funds II
Statements of Changes in Net Assets

	Mid Cap Stock	Mid Cap Value	Natural Resources
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	($178,218)	$450,408	$1,421,630
Net realized gain (loss)	12,104,516	3,179,407	10,722,016
Change in net unrealized appreciation (depreciation)	28,089,100	12,083,701	86,457,565
Increase (decrease) in net assets resulting from operations	40,015,398	15,713,516	98,601,211
Distributions to shareholders
From net investment income
Class 1	—	(129,841)	(51,094)
Class NAV	(8,555)	(193,677)	(691,085)
From net realized gain
Class 1	(110,835)	(26,179)	—
Class NAV	(186,450)	(37,304)	—
	(305,840)	(387,001)	(742,179)
From Fund share transactions	236,883,495	201,796,465	575,534,016
Net assets
Beginning of period	—	—	—
End of period	$276,593,053	$217,122,980	$673,393,048
Undistributed net investment income (loss)	($186,773)	$126,890	$679,451
	Quantitative Mid Cap	Quantitative Value	Real Estate Securities
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$37,812	$2,256,138	$8,418,910
Net realized gain (loss)	1,954,122	13,594,334	4,015,011
Change in net unrealized appreciation (depreciation)	19,787,865	19,752,467	82,187,933
Increase (decrease) in net assets resulting from operations	21,779,799	35,602,939	94,621,854
Distributions to shareholders
From net investment income
Class 1	(19,537)	(305,249)	(836,666)
Class NAV	(8,107)	(884,369)	(3,237,863)
From net realized gain
Class 1	(47,665)	(11,547)	(156,926)
Class NAV	(14,289)	(33,123)	(598,547)
	(89,598)	(1,234,288)	(4,830,002)
From Fund share transactions	166,439,231	310,673,494	613,099,974
Net assets
Beginning of period	—	—	—
End of period	$188,129,432	$345,042,145	$702,891,826
Undistributed net investment income (loss)	$10,168	$1,066,519	$4,344,380

a Period from 10-15-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 55

John Hancock Funds II
Statements of Changes in Net Assets

	Real Return Bond	Small Cap	Small Cap Index
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06b
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$3,587,068	($272,307)	$185,876
Net realized gain (loss)	(399,634)	297,643	58,754
Change in net unrealized appreciation (depreciation)	4,877,831	24,278,473	8,043,393
Increase (decrease) in net assets resulting from operations	8,065,265	24,303,809	8,288,023
Distributions to shareholders
From net investment income
Class 1	(136,421)	—	—
Class NAV	(5,167,622)	—	(86,672)
From net realized gain
Class 1	(3,746)	—	—
Class NAV	(140,598)	—	—
	(5,448,387)	—	(86,672)
From Fund share transactions	625,086,493	185,093,365	56,037,681
Net assets
Beginning of period	—	—	—
End of period	$627,703,371	$209,397,174	$64,239,032
Undistributed net investment income (loss)	($1,716,975)	($272,307)	$99,204
	Small Cap Opportunities	Small Company	Small Company Growth
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06b
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$927,338	($97,888)	($160,617)
Net realized gain (loss)	1,417,614	1,465,036	766,095
Change in net unrealized appreciation (depreciation)	27,180,837	7,889,829	7,151,980
Increase (decrease) in net assets resulting from operations	29,525,789	9,256,977	7,757,458
Distributions to shareholders
From net investment income
Class 1	(48,845)	—	—
Class NAV	(462,991)	—	—
From net realized gain
Class 1	(3,697)	—	—
Class NAV	(33,252)	—	—
	(548,785)	—	—
From Fund share transactions	233,346,987	75,562,848	56,548,324
Net assets
Beginning of period	—	—	—
End of period	$262,323,991	$84,819,825	$64,305,782
Undistributed net investment income (loss)	$415,502	($97,888)	($160,617)

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 56

John Hancock Funds II
Statements of Changes in Net Assets

	Small Company Value	Special Value	Spectrum Income
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06b
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$749,293	$115,886	$7,779,747
Net realized gain (loss)	1,194,462	86,092	237,527
Change in net unrealized appreciation (depreciation)	42,397,287	9,815,284	10,861,028
Increase (decrease) in net assets resulting from operations	44,341,042	10,017,262	18,878,302
Distributions to shareholders
From net investment income
Class 1	(272,671)	(1,203)	—
Class NAV	(401,689)	(80,457)	(3,989,211)
	(674,360)	(81,660)	(3,989,211)
From Fund share transactions	310,563,234	101,525,199	632,202,851
Net assets
Beginning of period	—	—	—
End of period	$354,229,916	$111,460,801	$647,091,942
Undistributed net investment income (loss)	$74,933	$34,226	$3,790,536
	Strategic Bond	Strategic Value	Total Return
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$7,767,791	$327,340	$12,756,505
Net realized gain (loss)	843,059	16,043	3,367,238
Change in net unrealized appreciation (depreciation)	2,769,539	6,957,003	(341,539)
Increase (decrease) in net assets resulting from operations	11,380,389	7,300,386	15,782,204
Distributions to shareholders
From net investment income
Class 1	(322,248)	(18,908)	(721,705)
Class NAV	(3,717,833)	(182,610)	(5,760,221)
From net realized gain
Class 1	(10,065)	—	—
Class NAV	(114,768)	—	—
	(4,164,914)	(201,518)	(6,481,926)
From Fund share transactions	502,011,613	128,219,920	1,037,780,356
Net assets
Beginning of period	—	—	—
End of period	$509,227,088	$135,318,788	$1,047,080,634
Undistributed net investment income (loss)	$3,727,710	$125,822	$6,274,579

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 57

John Hancock Funds II
Statements of Changes in Net Assets

U.S. Global Leaders Growth		U.S. Government Securities	U.S. High Yield Bond
	Period ended	Period ended	Period ended
	2-28-06a	2-28-06a	2-28-06a
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$532,436	$2,583,281	$3,769,983
Net realized gain (loss)	267,667	(69,138)	72,199
Change in net unrealized appreciation (depreciation)	3,541,736	213,177	2,168,739
Increase (decrease) in net assets resulting from operations	4,341,839	2,727,320	6,010,921
Distributions to shareholders
From net investment income
Class 1	(10,881)	(313,345)	(1,743)
Class NAV	(198,525)	(929,318)	(2,045,560)
From net realized gain
Class 1	—	(15,290)	—
Class NAV	—	(44,734)	—
	(209,406)	(1,302,687)	(2,047,303)
From Fund share transactions	420,300,310	191,273,101	162,724,079
Net assets
Beginning of period	—	—	—
End of period	$424,432,743	$192,697,734	$166,687,697
Undistributed net investment income (loss)	$323,030	$1,340,619	$1,722,680
	U.S. Multi Sector	Value & Restructuring	Vista
	Period ended	Period ended	Period ended
	2-28-06b	2-28-06b	2-28-06b
Increase (decrease) in net assets	(Unaudited)	(Unaudited)	(Unaudited)
From operations
Net investment income (loss)	$2,964,859	$807,845	$183,079
Net realized gain (loss)	10,439,313	597,630	(1,702,489)
Change in net unrealized appreciation (depreciation)	49,217,740	17,370,405	13,439,726
Increase (decrease) in net assets resulting from operations	62,621,912	18,775,880	11,920,316
Distributions to shareholders
From net investment income
Class 1	—	—	—
Class NAV	(1,421,127)	(406,118)	—
	(1,421,127)	(406,118)	—
From Fund share transactions	1,024,502,348	158,095,661	97,277,527
Net assets
Beginning of period	—	—	—
End of period	$1,085,703,133	$176,465,423	$109,197,843
Undistributed net investment income (loss)	$1,543,732	$401,727	$183,079

a Period from 10-15-05 (commencement of operations) to 2-28-06.
b Period from 10-29-05 (commencement of operations) to 2-28-06.

The accompanying notes are an integral part of the financial statements. 58

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

500 Index

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.34
Net investment income (loss)h		0.07
Net realized and unrealized gain (loss) on investments		0.70
Total from investment operations		0.77
Less distributions
From net investment income		(0.04)
		(0.04)
Net asset value, end of period		$11.07
Total return (%)k		7.41m
Ratios and supplemental data
Net assets, end of period (in millions)		$284
Ratio of net expenses to average net assets (%)		0.50r
Ratio of net investment income (loss) to
average net assets (%)		1.83r
Portfolio turnover (%)		1m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 59

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Active Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$9.61		$9.59
Net investment income (loss)h		0.15		0.13
Net realized and unrealized gain (loss) on investments		(0.03)		0.01
Total from investment operations		0.12		0.14
Less distributions
From net investment income		(0.06)		(0.06)
		(0.06)		(0.06)
Net asset value, end of period		$9.67		$9.67
Total return (%)k		1.24m		1.50m
Ratios and supplemental data
Net assets, end of period (in millions)		$36		$360
Ratio of net expenses to average net assets (%)		0.75r		0.70r
Ratio of net investment income (loss) to
average net assets (%)		4.05r		4.09r
Portfolio turnover (%)		179m		179m

a Class 1 and Class NAV shares began operations on 10-15-05 and 10-27-05, respectively.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 60

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

All Cap Growth

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$15.50		$15.51
Net investment income (loss)h		—j		0.01
Net realized and unrealized gain (loss) on investments		1.73		1.73
Total from investment operations		1.73		1.74
Less distributions
From net investment income		(0.01)		(0.01)
		(0.01)		(0.01)
Net asset value, end of period		$17.22		$17.24
Total return (%)k		11.15m		11.21m
Ratios and supplemental data
Net assets, end of period (in millions)		$35		$108
Ratio of net expenses to average net assets (%)		1.01r		0.96r
Ratio of net investment income (loss) to
average net assets (%)		0.07r		0.12r
Portfolio turnover (%)		44m		44m

a Class 1 and Class NAV shares began operations on 10-15-05
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 61

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

All Cap Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.84		$13.80
Net investment income (loss)h		0.05		0.05
Net realized and unrealized gain (loss) on investments		1.58		1.59
Total from investment operations		1.63		1.64
Less distributions
From net investment income		(0.02)		(0.03)
		(0.02)		(0.03)
Net asset value, end of period		$15.45		$15.41
Total return (%)k		11.81l,m		11.86l,m
Ratios and supplemental data
Net assets, end of period (in millions)		$18		$173
Ratio of net expenses to average net assets (%)		0.94r		0.89r
Ratio of net investment income (loss) to
average net assets (%)		0.82r		0.95r
Portfolio turnover (%)		19m		19m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l The Adviser/Subadviser voluntarily reimbursed Class 1 and Class NAV $46,991 and $410,290, respectively, for a potential lost investment opportunity. Excluding these reimbursements,
the total return would have been 11.52% for Class 1 and 11.57% for Class NAV.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 62

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Blue Chip Growth

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$16.53		$16.51
Net investment income (loss)h		0.05		0.07
Net realized and unrealized gain (loss) on investments		1.53		1.52
Total from investment operations		1.58		1.59
Less distributions
From net investment income		(0.01)		(0.02)
		(0.01)		(0.02)
Net asset value, end of period		$18.10		$18.08
Total return (%)k,l		9.58m		9.60m
Ratios and supplemental data
Net assets, end of period (in millions)		$127		$1,029
Ratio of net expenses to average net assets (%)		0.89r		0.84r
Ratio of gross expenses to average net assets (%)p		0.91r		0.86r
Ratio of net investment income (loss) to
average net assets (%)		0.80r		0.98r
Portfolio turnover (%)		10m		10m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 63

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Capital Appreciation

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$9.20		$9.20
Net investment income (loss)h		—j		0.01
Net realized and unrealized gain (loss) on investments		0.94		0.94
Total from investment operations		0.94		0.95
Net asset value, end of period		$10.14		$10.15
Total return (%)		10.22m		10.33m
Ratios and supplemental data
Net assets, end of period (in millions)		$18		$282
Ratio of net expenses to average net assets (%)		0.93r		0.88r
Ratio of net investment income (loss) to
average net assets (%)		0.06r		0.15r
Portfolio turnover (%)		22m		22m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 64

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Core Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$12.51		$12.50
Net investment income (loss)h		0.18		0.18
Net realized and unrealized gain (loss) on investments		(0.02)		(0.02)
Total from investment operations		0.16		0.16
Less distributions
From net investment income		(0.09)		(0.09)
		(0.09)		(0.09)
Net asset value, end of period		$12.58		$12.57
Total return (%)k		1.26m		1.28m
Ratios and supplemental data
Net assets, end of period (in millions)		—g		$176
Ratio of net expenses to average net assets (%)		0.88r		0.83r
Ratio of net investment income (loss) to
average net assets (%)		3.90r		3.84r
Portfolio turnover (%)		247m		247m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
g Less than $500,000.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 65

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Core Equity

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.76		$13.77
Net investment income (loss)h		(0.01)		(0.01)
Net realized and unrealized gain (loss) on investments		1.17		1.18
Total from investment operations		1.16		1.17
Net asset value, end of period		$14.92		$14.94
Total return (%)		8.43m		8.50m
Ratios and supplemental data
Net assets, end of period (in millions)		$8		$493
Ratio of net expenses to average net assets (%)		0.88r		0.83r
Ratio of net investment income (loss) to
average net assets (%)		(0.12)r		(0.12)r
Portfolio turnover (%)		4m		4m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 66

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Emerging Growth

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$16.35		$16.35
Net investment income (loss)h		(0.03)		(0.03)
Net realized and unrealized gain (loss) on investments		2.89		2.89
Total from investment operations		2.86		2.86
Net asset value, end of period		$19.21		$19.21
Total return (%)		17.49m		17.49m
Ratios and supplemental data
Net assets, end of period (in millions)		$119		$44
Ratio of net expenses to average net assets (%)		0.92r		0.87r
Ratio of net investment income (loss) to
average net assets (%)		(0.45)r		(0.41)r
Portfolio turnover (%)		82m		82m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 67

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Emerging Small Company

	Class 1
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$28.17
Net investment income (loss)h		(0.06)
Net realized and unrealized gain (loss) on investments		4.81
Total from investment operations		4.75
Net asset value, end of period		$32.92
Total return (%)l		16.86m
Ratios and supplemental data
Net assets, end of period (in millions)		$57
Ratio of net expenses to average net assets (%)		1.18r
Ratio of gross expenses to average net assets (%)p		1.23r
Ratio of net investment income (loss) to
average net assets (%)		(0.53)r
Portfolio turnover (%)		80m

a Class 1 shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 68

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Equity-Income

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$16.03		$16.01
Net investment income (loss)h		0.11		0.12
Net realized and unrealized gain (loss) on investments		1.34		1.33
Total from investment operations		1.45		1.45
Less distributions
From net investment income		(0.06)		(0.06)
		(0.06)		(0.06)
Net asset value, end of period		$17.42		$17.40
Total return (%)k,l		9.07m		9.09m
Ratios and supplemental data
Net assets, end of period (in millions)		$168		$684
Ratio of net expenses to average net assets (%)		0.89r		0.84r
Ratio of gross expenses to average net assets (%)p		0.91r		0.86r
Ratio of net investment income (loss) to
average net assets (%)		1.79r		1.97r
Portfolio turnover (%)		5m		5m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 69

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Fundamental Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$14.34		$14.31
Net investment income (loss)h		0.05		0.05
Net realized and unrealized gain (loss) on investments		0.97		0.97
Total from investment operations		1.02		1.02
Less distributions
From net investment income		(0.03)		(0.03)
		(0.03)		(0.03)
Net asset value, end of period		$15.33		$15.30
Total return (%)k		7.13m		7.16m
Ratios and supplemental data
Net assets, end of period (in millions)		$56		$601
Ratio of net expenses to average net assets (%)		0.87r		0.82r
Ratio of net investment income (loss) to
average net assets (%)		0.83r		0.93r
Portfolio turnover (%)		1m		1m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 70

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Global Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$14.56		$14.52
Net investment income (loss)h		0.17		0.18
Net realized and unrealized gain (loss) on investments		(0.27)		(0.27)
Total from investment operations		(0.10)		(0.09)
Less distributions
From net investment income		(0.09)		(0.09)
		(0.09)		(0.09)
Net asset value, end of period		$14.37		$14.34
Total return (%)k		(0.72)m		(0.64)m
Ratios and supplemental data
Net assets, end of period (in millions)		$38		$499
Ratio of net expenses to average net assets (%)		0.85r		0.80r
Ratio of net investment income (loss) to
average net assets (%)		3.21r		3.42r
Portfolio turnover (%)		245m		245m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 71

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

High Yield

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.10		$10.06
Net investment income (loss)h		0.28		0.29
Net realized and unrealized gain (loss) on investments		0.18		0.16
Total from investment operations		0.46		0.45
Less distributions
From net investment income		(0.13)		(0.13)
		(0.13)		(0.13)
Net asset value, end of period		$10.43		$10.38
Total return (%)k		4.57m		4.50m
Ratios and supplemental data
Net assets, end of period (in millions)		$39		$1,437
Ratio of net expenses to average net assets (%)		0.78r		0.73r
Ratio of net investment income (loss) to
average net assets (%)		7.31r		7.61r
Portfolio turnover (%)		19m		19m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 72

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

International Equity Index

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$15.59
Net investment income (loss)h		0.06
Net realized and unrealized gain (loss) on investments		2.20
Total from investment operations		2.26
Less distributions
From net investment income		(0.20)
		(0.20)
Net asset value, end of period		$17.65
Total return (%)k		14.59m
Ratios and supplemental data
Net assets, end of period (in millions)		$188
Ratio of net expenses to average net assets (%)		0.59r
Ratio of net investment income (loss) to
average net assets (%)		1.14r
Portfolio turnover (%)		1m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 73

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

International Opportunities

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.71		$13.72
Net investment income (loss)h		(0.03)		(0.02)
Net realized and unrealized gain (loss) on investments		2.62		2.62
Total from investment operations		2.59		2.60
Less distributions
From net investment income		(0.70)		(0.70)
		(0.70)		(0.70)
Net asset value, end of period		$15.60		$15.62
Total return (%)k		19.31l,m		19.39l,m
Ratios and supplemental data
Net assets, end of period (in millions)		$3		$430
Ratio of net expenses to average net assets (%)		1.11r		1.06r
Ratio of net investment income (loss) to
average net assets (%)		(0.57)r		(0.33)r
Portfolio turnover (%)		50m		50m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l The Adviser/Subadviser voluntarily reimbursed Class 1 and Class NAV $11,316 and $3,937,220, respectively, for a potential lost investment opportunity. Excluding these reimbursements,
the total return would have been 18.24% for Class 1 and 18.32% for Class NAV.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 74

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

International Small Cap

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$18.48		$18.45
Net investment income (loss)h		(0.01)		-j
Net realized and unrealized gain (loss) on investments		2.00		2.01
Total from investment operations		1.99		2.01
Less distributions
From net investment income		(0.04)		(0.04)
		(0.04)		(0.04)
Net asset value, end of period		$20.43		$20.42
Total return (%)k		10.76m		10.92m
Ratios and supplemental data
Net assets, end of period (in millions)		$34		$523
Ratio of net expenses to average net assets (%)		1.17r		1.12r
Ratio of net investment income (loss) to
average net assets (%)		(0.19)r		(0.03)r
Portfolio turnover (%)		32m		32m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 75

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

International Stock

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$11.95		$11.92
Net investment income (loss)h		0.03		0.04
Net realized and unrealized gain (loss) on investments		1.53		1.54
Total from investment operations		1.56		1.58
Less distributions
From net investment income		(0.28)		(0.29)
From net realized gain		—j		—j
		(0.28)		(0.29)
Net asset value, end of period		$13.23		$13.21
Total return (%)k		13.23m		13.38m
Ratios and supplemental data
Net assets, end of period (in millions)		$31		$926
Ratio of net expenses to average net assets (%)		1.09r		1.04r
Ratio of net investment income (loss) to
average net assets (%)		0.69r		0.83r
Portfolio turnover (%)		67m		67m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 76

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

International Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$15.20		$15.16
Net investment income (loss)h		0.10		0.11
Net realized and unrealized gain (loss) on investments		1.28		1.27
Total from investment operations		1.38		1.38
Less distributions
From net investment income		(0.05)		(0.05)
		(0.05)		(0.05)
Net asset value, end of period		$16.53		$16.49
Total return (%)k,l		9.11m		9.15m
Ratios and supplemental data
Net assets, end of period (in millions)		$114		$892
Ratio of net expenses to average net assets (%)		1.00r		0.95r
Ratio of gross expenses to average net assets (%)p		1.02r		0.97r
Ratio of net investment income (loss) to
average net assets (%)		1.75r		1.92r
Portfolio turnover (%)		33m		33m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 77

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Investment Quality Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$11.84		$11.83
Net investment income (loss)h		0.19		0.19
Net realized and unrealized gain (loss) on investments		(0.03)		(0.03)
Total from investment operations		0.16		0.16
Less distributions
From net investment income		(0.10)		(0.10)
		(0.10)		(0.10)
Net asset value, end of period		$11.90		$11.89
Total return (%)k		1.37m		1.38m
Ratios and supplemental data
Net assets, end of period (in millions)		$33		$85
Ratio of net expenses to average net assets (%)		0.83r		0.78r
Ratio of net investment income (loss) to
average net assets (%)		4.23r		4.38r
Portfolio turnover (%)		19m		19m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 78

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Large Cap

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.26		$13.26
Net investment income (loss)h		0.05		0.05
Net realized and unrealized gain (loss) on investments		1.16		1.16
Total from investment operations		1.21		1.21
Less distributions
From net investment income		(0.01)		(0.02)
		(0.01)		(0.02)
Net asset value, end of period		$14.46		$14.45
Total return (%)k		9.15m		9.12m
Ratios and supplemental data
Net assets, end of period (in millions)		$2		$169
Ratio of net expenses to average net assets (%)		0.95r		0.90r
Ratio of net investment income (loss) to
average net assets (%)		0.85r		0.98r
Portfolio turnover (%)		11m		11m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 79

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Large Cap Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$20.31		$20.33
Net investment income (loss)h		0.07		0.08
Net realized and unrealized gain (loss) on investments		2.04		2.04
Total from investment operations		2.11		2.12
Less distributions
From net investment income		(0.05)		(0.05)
		(0.05)		(0.05)
Net asset value, end of period		$22.37		$22.40
Total return (%)k		10.37m		10.42m
Ratios and supplemental data
Net assets, end of period (in millions)		$13		$146
Ratio of net expenses to average net assets (%)		0.96r		0.91r
Ratio of net investment income (loss) to
average net assets (%)		0.82r		0.96r
Portfolio turnover (%)		24m		24m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 80

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Mid Cap Core

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$15.90		$15.90
Net investment income (loss)h		0.04		0.04
Net realized and unrealized gain (loss) on investments		1.63		1.63
Total from investment operations		1.67		1.67
Less distributions
From net investment income		(0.02)		(0.02)
		(0.02)		(0.02)
Net asset value, end of period		$17.55		$17.55
Total return (%)k		10.49m		10.51m
Ratios and supplemental data
Net assets, end of period (in millions)		$8		$347
Ratio of net expenses to average net assets (%)		0.99r		0.94r
Ratio of net investment income (loss) to
average net assets (%)		0.55r		0.69r
Portfolio turnover (%)		50m		50m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 81

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Mid Cap Index

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$16.85
Net investment income (loss)h		0.07
Net realized and unrealized gain (loss) on investments		2.01
Total from investment operations		2.08
Less distributions
From net investment income		(0.03)
		(0.03)
Net asset value, end of period		$18.90
Total return (%)k,l		12.35m
Ratios and supplemental data
Net assets, end of period (in millions)		$64
Ratio of net expenses to average net assets (%)		0.55r
Ratio of gross expenses to average net assets (%)p		0.56r
Ratio of net investment income (loss) to
average net assets (%)		1.07r
Portfolio turnover (%)		5m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 82

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Mid Cap Stock

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.86		$13.87
Net investment income (loss)h		(0.01)		(0.01)
Net realized and unrealized gain (loss) on investments		2.52		2.53
Total from investment operations		2.51		2.52
Less distributions
From net investment income		—		—j
From net realized gain		(0.02)		(0.02)
		(0.02)		(0.02)
Net asset value, end of period		$16.35		$16.37
Total return (%)k		18.10l,m		18.17l,m
Ratios and supplemental data
Net assets, end of period (in millions)		$105		$171
Ratio of net expenses to average net assets (%)		0.95r		0.90r
Ratio of net investment income (loss) to
average net assets (%)		(0.22)r		(0.18)r
Portfolio turnover (%)		56m		56m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
l The Adviser/Subadviser voluntarily reimbursed Class 1 and Class NAV $510,149 and $847,342, respectively, for a potential lost investment opportunity. Excluding these reimbursements,
the total return would have been 17.53% for Class 1 and 17.59% for Class NAV.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 83

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Mid Cap Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$17.65		$17.63
Net investment income (loss)h		0.04		0.05
Net realized and unrealized gain (loss) on investments		1.49		1.48
Total from investment operations		1.53		1.53
Less distributions
From net investment income		(0.03)		(0.03)
From net realized gain		(0.01)		(0.01)
		(0.04)		(0.04)
Net asset value, end of period		$19.14		$19.12
Total return (%)k		8.64m		8.66m
Ratios and supplemental data
Net assets, end of period (in millions)		$87		$130
Ratio of net expenses to average net assets (%)		0.97r		0.92r
Ratio of net investment income (loss) to
average net assets (%)		0.55r		0.67r
Portfolio turnover (%)		13m		13m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 84

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Natural Resources

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$28.70		$28.60
Net investment income (loss)h		0.08		0.07
Net realized and unrealized gain (loss) on investments		4.51		4.52
Total from investment operations		4.59		4.59
Less distributions
From net investment income		(0.03)		(0.04)
		(0.03)		(0.04)
Net asset value, end of period		$33.26		$33.15
Total return (%)k		16.01m		16.04m
Ratios and supplemental data
Net assets, end of period (in millions)		$58		$615
Ratio of net expenses to average net assets (%)		1.13r		1.08r
Ratio of net investment income (loss) to
average net assets (%)		0.64r		0.62r
Portfolio turnover (%)		64m		64m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 85

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Quantitative Mid Cap

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.55		$13.51
Net investment income (loss)h		—j		0.01
Net realized and unrealized gain (loss) on investments		1.91		1.93
Total from investment operations		1.91		1.94
Less distributions
From net investment income		—j		—j
From net realized gain		(0.01)		(0.01)
		(0.01)		(0.01)
Net asset value, end of period		$15.45		$15.44
Total return (%)k		14.08m		14.35m
Ratios and supplemental data
Net assets, end of period (in millions)		$144		$44
Ratio of net expenses to average net assets (%)		0.84r		0.79r
Ratio of net investment income (loss) to
average net assets (%)		0.03r		0.16r
Portfolio turnover (%)		39m		39m

a Class 1 and Class NAV shares began operations on 10-15-05 and 10-27-05, respectively.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 86

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Quantitative Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$14.09		$14.09
Net investment income (loss)h		0.10		0.11
Net realized and unrealized gain (loss) on investments		1.63		1.62
Total from investment operations		1.73		1.73
Less distributions
From net investment income		(0.06)		(0.06)
From net realized gain		—j		—j
		(0.06)		(0.06)
Net asset value, end of period		$15.76		$15.76
Total return (%)k		12.28m		12.28m
Ratios and supplemental data
Net assets, end of period (in millions)		$85		$260
Ratio of net expenses to average net assets (%)		0.80r		0.75r
Ratio of net investment income (loss) to
average net assets (%)		1.75r		2.00r
Portfolio turnover (%)		52m		52m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 87

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Real Estate Securities

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$23.03		$22.99
Net investment income (loss)h		0.32		0.35
Net realized and unrealized gain (loss) on investments		3.64		3.61
Total from investment operations		3.96		3.96
Less distributions
From net investment income		(0.16)		(0.16)
From net realized gain		(0.03)		(0.03)
		(0.19)		(0.19)
Net asset value, end of period		$26.80		$26.76
Total return (%)k		17.23m		17.27m
Ratios and supplemental data
Net assets, end of period (in millions)		$143		$560
Ratio of net expenses to average net assets (%)		0.79r		0.74r
Ratio of net investment income (loss) to
average net assets (%)		3.45r		3.75r
Portfolio turnover (%)		24m		24m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 88

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Real Return Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.52		$13.43
Net investment income (loss)h		0.09		0.09
Net realized and unrealized gain (loss) on investments		0.02		0.02
Total from investment operations		0.11		0.11
Less distributions
From net investment income		(0.12)		(0.12)
From net realized gain		—j		—j
		(0.12)		(0.12)
Net asset value, end of period		$13.51		$13.42
Total return (%)k		0.87m		0.88m
Ratios and supplemental data
Net assets, end of period (in millions)		$15		$612
Ratio of net expenses to average net assets (%)		0.80r		0.75r
Ratio of net investment income (loss) to
average net assets (%)		1.80r		1.81r
Portfolio turnover (%)		51m		51m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 89

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Small Cap

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.60		$13.61
Net investment income (loss)h		(0.02)		(0.02)
Net realized and unrealized gain (loss) on investments		1.69		1.70
Total from investment operations		1.67		1.68
Net asset value, end of period		$15.27		$15.29
Total return (%)		12.28m		12.34m
Ratios and supplemental data
Net assets, end of period (in millions)		—g		$209
Ratio of net expenses to average net assets (%)		0.95r		0.90r
Ratio of net investment income (loss) to
average net assets (%)		(0.38)r		(0.41)r
Portfolio turnover (%)		22m		22m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
g Less than $500,000.
h Based on the average of the shares outstanding.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 90

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Small Cap Index

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$14.05
Net investment income (loss)h		0.05
Net realized and unrealized gain (loss) on investments		2.05
Total from investment operations		2.10
Less distributions
From net investment income		(0.02)
		(0.02)
Net asset value, end of period		$16.13
Total return (%)k,l		14.97m
Ratios and supplemental data
Net assets, end of period (in millions)		$64
Ratio of net expenses to average net assets (%)		0.55r
Ratio of gross expenses to average net assets (%)p		0.56r
Ratio of net investment income (loss) to
average net assets (%)		0.93r
Portfolio turnover (%)		3m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 91

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Small Cap Opportunities

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$21.36		$21.26
Net investment income (loss)h		0.10		0.09
Net realized and unrealized gain (loss) on investments		2.72		2.72
Total from investment operations		2.82		2.81
Less distributions
From net investment income		(0.05)		(0.05)
From net realized gain		—j		—j
		(0.05)		(0.05)
Net asset value, end of period		$24.13		$24.02
Total return (%)k		13.21m		13.24m
Ratios and supplemental data
Net assets, end of period (in millions)		$27		$235
Ratio of net expenses to average net assets (%)		1.09r		1.04r
Ratio of net investment income (loss) to
average net assets (%)		1.11r		1.10r
Portfolio turnover (%)		19m		19m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 92

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Small Company

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$15.15		$15.16
Net investment income (loss)h		(0.03)		(0.02)
Net realized and unrealized gain (loss) on investments		1.90		1.90
Total from investment operations		1.87		1.88
Net asset value, end of period		$17.02		$17.04
Total return (%)		12.34m		12.40m
Ratios and supplemental data
Net assets, end of period (in millions)		$7		$78
Ratio of net expenses to average net assets (%)		1.36r		1.31r
Ratio of net investment income (loss) to
average net assets (%)		(0.50)r		(0.36)r
Portfolio turnover (%)		45m		45m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 93

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Small Company Growth

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment income (loss)h		(0.03)
Net realized and unrealized gain (loss) on investments		1.43
Total from investment operations		1.40
Net asset value, end of period		$11.40
Total return (%)		14.00m
Ratios and supplemental data
Net assets, end of period (in millions)		$64
Ratio of net expenses to average net assets (%)		1.09r
Ratio of net investment income (loss) to
average net assets (%)		(0.81)r
Portfolio turnover (%)		18m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 94

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Small Company Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$21.09		$21.06
Net investment income (loss)h		0.05		0.06
Net realized and unrealized gain (loss) on investments		3.09		3.08
Total from investment operations		3.14		3.14
Less distributions
From net investment income		(0.05)		(0.05)
		(0.05)		(0.05)
Net asset value, end of period		$24.18		$24.15
Total return (%)k,l		14.88m		14.91m
Ratios and supplemental data
Net assets, end of period (in millions)		$144		$210
Ratio of net expenses to average net assets (%)		1.10r		1.05r
Ratio of gross expenses to average net assets (%)p		1.13r		1.08r
Ratio of net investment income (loss) to
average net assets (%)		0.57r		0.69r
Portfolio turnover (%)		8m		8m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 95

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Special Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$18.66		$18.66
Net investment income (loss)h		0.01		0.03
Net realized and unrealized gain (loss) on investments		2.09		2.09
Total from investment operations		2.10		2.12
Less distributions
From net investment income		(0.01)		(0.02)
		(0.01)		(0.02)
Net asset value, end of period		$20.75		$20.76
Total return (%)k		11.25m		11.34m
Ratios and supplemental data
Net assets, end of period (in millions)		$3		$108
Ratio of net expenses to average net assets (%)		1.12r		1.07r
Ratio of net investment income (loss) to
average net assets (%)		0.17r		0.34r
Portfolio turnover (%)		6m		6m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 96

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Spectrum Income

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment income (loss)h		0.13
Net realized and unrealized gain (loss) on investments		0.19
Total from investment operations		0.32
Less distributions
From net investment income		(0.07)
		(0.07)
Net asset value, end of period		$10.25
Total return (%)k,l		3.19m
Ratios and supplemental data
Net assets, end of period (in millions)		$647
Ratio of net expenses to average net assets (%)		0.93r
Ratio of gross expenses to average net assets (%)p		0.94r
Ratio of net investment income (loss) to
average net assets (%)		3.91r
Portfolio turnover (%)		59m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
l Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p Does not take into consideration expense reductions during the period shown.
r Annualized.

The accompanying notes are an integral part of the financial statements. 97

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Strategic Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$11.85		$11.83
Net investment income (loss)h		0.20		0.21
Net realized and unrealized gain (loss) on investments		0.07		0.06
Total from investment operations		0.27		0.27
Less distributions
From net investment income		(0.10)		(0.10)
From net realized gain		—j		—j
		(0.10)		(0.10)
Net asset value, end of period		$12.02		$12.00
Total return (%)k		2.33m		2.34m
Ratios and supplemental data
Net assets, end of period (in millions)		$39		$470
Ratio of net expenses to average net assets (%)		0.81r		0.76r
Ratio of net investment income (loss) to
average net assets (%)		4.53r		4.66r
Portfolio turnover (%)		46m		46m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 98

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Strategic Value

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.29		$10.25
Net investment income (loss)h		0.02		0.03
Net realized and unrealized gain (loss) on investments		0.63		0.62
Total from investment operations		0.65		0.65
Less distributions
From net investment income		(0.02)		(0.02)
		(0.02)		(0.02)
Net asset value, end of period		$10.92		$10.88
Total return (%)k		6.28m		6.32m
Ratios and supplemental data
Net assets, end of period (in millions)		$13		$122
Ratio of net expenses to average net assets (%)		0.96r		0.91r
Ratio of net investment income (loss) to
average net assets (%)		0.61r		0.77r
Portfolio turnover (%)		15m		15m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 99

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Total Return

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.70		$13.67
Net investment income (loss)h		0.19		0.19
Net realized and unrealized gain (loss) on investments		(0.01)		(0.01)
Total from investment operations		0.18		0.18
Less distributions
From net investment income		(0.09)		(0.09)
		(0.09)		(0.09)
Net asset value, end of period		$13.79		$13.76
Total return (%)k		1.32m		1.33m
Ratios and supplemental data
Net assets, end of period (in millions)		$112		$935
Ratio of net expenses to average net assets (%)		0.83r		0.78r
Ratio of net investment income (loss) to
average net assets (%)		3.66r		3.81r
Portfolio turnover (%)		237m		237m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 100

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

U.S. Global Leaders Growth

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$12.79		$12.80
Net investment income (loss)h		0.02		0.02
Net realized and unrealized gain (loss) on investments		0.56		0.56
Total from investment operations		0.58		0.58
Less distributions
From net investment income		(0.01)		(0.01)
		(0.01)		(0.01)
Net asset value, end of period		$13.36		$13.37
Total return (%)k		4.50m		4.51m
Ratios and supplemental data
Net assets, end of period (in millions)		$23		$401
Ratio of net expenses to average net assets (%)		0.79r		0.74r
Ratio of net investment income (loss) to
average net assets (%)		0.35r		0.42r
Portfolio turnover (%)		3m		3m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 101

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

U.S. Government Securities

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$13.54		$13.51
Net investment income (loss)h		0.19		0.19
Net realized and unrealized gain (loss) on investments		(0.01)		(0.01)
Total from investment operations		0.18		0.18
Less distributions
From net investment income		(0.09)		(0.09)
From net realized gain		—j		—j
		(0.09)		(0.09)
Net asset value, end of period		$13.63		$13.60
Total return (%)k		1.37m		1.38m
Ratios and supplemental data
Net assets, end of period (in millions)		$47		$146
Ratio of net expenses to average net assets (%)		0.77r		0.72r
Ratio of net investment income (loss) to
average net assets (%)		3.75r		3.84r
Portfolio turnover (%)		74m		74m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
j Less than $0.01 per share.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 102

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

U.S. High Yield Bond

	Class 1		Class NAV
Period ended		2-28-06a,b		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$12.74		$12.74
Net investment income (loss)h		0.35		0.34
Net realized and unrealized gain (loss) on investments		0.17		0.18
Total from investment operations		0.52		0.52
Less distributions
From net investment income		(0.17)		(0.17)
		(0.17)		(0.17)
Net asset value, end of period		$13.09		$13.09
Total return (%)k		4.14m		4.15m
Ratios and supplemental data
Net assets, end of period (in millions)		$1		$166
Ratio of net expenses to average net assets (%)		0.86r		0.81r
Ratio of net investment income (loss) to
average net assets (%)		7.26r		7.03r
Portfolio turnover (%)		24m		24m

a Class 1 and Class NAV shares began operations on 10-15-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 103

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

U.S. Multi Sector

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment income (loss)h		0.03
Net realized and unrealized gain (loss) on investments		0.62
Total from investment operations		0.65
Less distributions
From net investment income		(0.01)
		(0.01)
Net asset value, end of period		$10.64
Total return (%)k		6.55m
Ratios and supplemental data
Net assets, end of period (in millions)		$1,086
Ratio of net expenses to average net assets (%)		0.82r
Ratio of net investment income (loss) to
average net assets (%)		0.89r
Portfolio turnover (%)		87m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 104

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Value & Restructuring

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment income (loss)h		0.05
Net realized and unrealized gain (loss) on investments		1.16
Total from investment operations		1.21
Less distributions
From net investment income		(0.03)
		(0.03)
Net asset value, end of period		$11.18
Total return (%)k		12.07m
Ratios and supplemental data
Net assets, end of period (in millions)		$176
Ratio of net expenses to average net assets (%)		0.90r
Ratio of net investment income (loss) to
average net assets (%)		1.47r
Portfolio turnover (%)		6m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
k Assumes dividend reinvestment.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 105

John Hancock Funds II
Financial Highlights (For a share outstanding throughout the period)

Vista

	Class NAV
Period ended		2-28-06a,b
Per share operating performance
Net asset value, beginning of period		$10.00
Net investment income (loss)h		0.02
Net realized and unrealized gain (loss) on investments		1.26
Total from investment operations		1.28
Net asset value, end of period		$11.28
Total return (%)		12.80m
Ratios and supplemental data
Net assets, end of period (in millions)		$109
Ratio of net expenses to average net assets (%)		0.99r
Ratio of net investment income (loss) to
average net assets (%)		0.55r
Portfolio turnover (%)		79m

a Class NAV shares began operations on 10-29-05.
b Unaudited.
h Based on the average of the shares outstanding.
m Not annualized.
r Annualized.

The accompanying notes are an integral part of the financial statements. 106

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 92.22%
Advertising - 0.20%
Monster Worldwide, Inc. *	2,785	$	136,354
Omnicom Group, Inc.	4,079		325,586
The Interpublic Group of Companies, Inc. *	9,740		100,906
			562,846
Aerospace - 1.89%
Boeing Company	18,262		1,327,465
General Dynamics Corp.	4,554		561,372
Goodrich Corp.	2,781		116,357
Lockheed Martin Corp.	8,089		589,445
Northrop Grumman Corp.	8,038		515,236
Raytheon Company	10,106		438,600
Rockwell Collins, Inc.	3,908		207,710
Textron, Inc.	2,995		263,890
United Technologies Corp.	23,044		1,348,074
			5,368,149
Agriculture - 0.35%
Archer-Daniels-Midland Company	14,776		468,695
Monsanto Company	6,074		509,487
			978,182
Air Travel - 0.09%
Southwest Airlines Company	15,781		264,647
Aluminum - 0.20%
Alcoa, Inc.	19,686		577,194
Apparel & Textiles - 0.38%
Cintas Corp.	3,116		128,036
Coach, Inc. *	8,598		307,121
Jones Apparel Group, Inc.	2,643		76,436
Liz Claiborne, Inc.	2,413		86,940
NIKE, Inc., Class B	4,300		373,154
VF Corp.	2,012		110,258
			1,081,945
Auto Parts - 0.22%
AutoZone, Inc. *	1,249		120,753
Dana Corp.	3,402		5,988
Genuine Parts Company	3,925		174,741
Johnson Controls, Inc.	4,366		311,165
			612,647
Auto Services - 0.03%
AutoNation, Inc. *	4,096		85,647
Automobiles - 0.30%
Ford Motor Company	42,024		334,931
General Motors Corp.	12,793		259,826
PACCAR, Inc.	3,830		267,602
			862,359
Banking - 5.74%
AmSouth Bancorp.	7,885		218,809
Bank of America Corp.	105,075		4,817,689
Bank of New York Company, Inc.	17,424		596,598
BB&T Corp.	12,268		484,954

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Comerica, Inc.	3,739	$	214,319
Compass Bancshares, Inc.	2,817		141,639
Fifth Third Bancorp.	12,552		485,135
First Horizon National Corp.	2,850		111,463
Golden West Financial Corp.	5,765		409,488
Huntington Bancshares, Inc.	5,162		124,146
KeyCorp	9,225		343,816
M&T Bank Corp.	1,805		202,882
Marshall & Ilsley Corp.	4,732		208,208
National City Corp.	12,468		433,886
North Fork Bancorporation, Inc.	10,761		274,836
Northern Trust Corp.	4,197		221,266
Regions Financial Corp.	10,359		360,286
Sovereign Bancorp, Inc.	8,080		168,306
SunTrust Banks, Inc.	8,176		591,697
US Bancorp	41,090		1,270,092
Wachovia Corp.	35,143		1,970,468
Wells Fargo Company	37,830		2,428,686
Zions Bancorp.	2,362		194,912
			16,273,581
Biotechnology - 1.20%
Amgen, Inc. *	27,923		2,107,907
Applera Corp.	4,251		120,176
Biogen Idec, Inc. *	7,678		362,785
Chiron Corp. *	2,474		112,988
Genzyme Corp. *	5,842		405,084
MedImmune, Inc. *	5,566		203,103
Millipore Corp. *	1,178		81,671
			3,393,714
Broadcasting - 0.65%
CBS Corp., Class B	17,480		427,561
Clear Channel Communications, Inc.	12,228		346,052
News Corp.	55,047		896,165
Univision Communications, Inc., Class A *	5,058		169,190
			1,838,968
Building Materials & Construction - 0.16%
American Standard Companies, Inc.	4,136		163,703
Masco Corp.	9,587		299,018
			462,721
Business Services - 1.55%
Affiliated Computer Services, Inc., Class A *	2,812		176,931
Automatic Data Processing, Inc.	13,044		602,502
Cendant Corp.	23,174		385,152
Computer Sciences Corp. *	4,185		227,413
Convergys Corp. *	3,167		55,011
Electronic Data Systems Corp.	11,798		315,007
Equifax, Inc.	2,938		107,648
First Data Corp.	17,285		780,072
Fluor Corp.	1,964		169,493
H & R Block, Inc.	7,412		165,288
Moody's Corp.	5,613		376,071

The accompanying notes are an integral part of the financial statements. 107

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
NCR Corp. *	4,153	$	166,494
Paychex, Inc.	7,545		302,177
Pitney Bowes, Inc.	5,161		220,581
R.R. Donnelley & Sons Company	4,916		165,472
Robert Half International, Inc.	3,853		138,400
Unisys Corp. *	7,720		51,570
			4,405,282
Cable and Television - 1.35%
Comcast Corp., Class A *	49,124		1,317,997
Time Warner, Inc.	105,479		1,825,841
Viacom, Inc. *	17,480		698,501
			3,842,339
Cellular Communications - 0.43%
Motorola, Inc.	56,348		1,205,847
Chemicals - 1.17%
Air Products & Chemicals, Inc.	5,020		322,083
Ashland, Inc.	1,624		105,998
Dow Chemical Company	21,833		939,474
E.I. Du Pont De Nemours & Company	20,798		836,912
Eastman Chemical Company	1,843		90,915
Engelhard Corp.	2,713		107,842
Hercules, Inc. *	2,551		30,229
PPG Industries, Inc.	3,779		229,121
Praxair, Inc.	7,291		393,568
Rohm & Haas Company	3,258		162,086
Sigma-Aldrich Corp.	1,521		97,968
			3,316,196
Colleges & Universities - 0.06%
Apollo Group, Inc., Class A *	3,292		162,559
Commercial Services - 0.01%
Live Nation, Inc. *	1,528		27,275
Computers & Business Equipment - 4.41%
Apple Computer, Inc. *	19,065		1,306,715
Cisco Systems, Inc. *	138,959		2,812,530
Dell, Inc. *	53,242		1,544,018
EMC Corp. *	54,083		758,244
Gateway, Inc. *	5,993		14,144
Hewlett-Packard Company	64,813		2,126,515
International Business Machines Corp.	35,732		2,867,136
Lexmark International, Inc. *	2,625		123,611
Network Appliance, Inc. *	8,418		279,141
Parametric Technology Corp. *	2,464		37,502
Sun Microsystems, Inc. *	77,238		322,082
Xerox Corp. *	21,727		323,732
			12,515,370
Construction & Mining Equipment - 0.12%
National Oilwell, Inc. *	3,943		240,050
Rowan Companies, Inc. *	2,473		99,538
			339,588

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials - 0.13%
Louisiana-Pacific Corp.	2,393	$	68,033
Sherwin-Williams Company	2,540		115,697
Vulcan Materials Company	2,304		182,016
			365,746
Containers & Glass - 0.12%
Ball Corp.	2,354		100,281
Bemis Company, Inc.	2,382		71,412
Pactiv Corp. *	3,241		74,316
Sealed Air Corp. *	1,841		104,716
			350,725
Cosmetics & Toiletries - 2.24%
Alberto Culver Company, Class B	1,708		78,004
Avon Products, Inc.	10,370		299,174
Colgate-Palmolive Company	11,720		638,506
Estee Lauder Companies, Inc., Class A	2,725		101,970
International Flavors & Fragrances, Inc.	1,828		63,304
Kimberly-Clark Corp.	10,569		625,473
Procter & Gamble Company	75,825		4,544,192
			6,350,623
Crude Petroleum & Natural Gas - 2.59%
Amerada Hess Corp.	1,810		250,341
Apache Corp.	7,449		498,487
Burlington Resources, Inc.	8,552		771,219
ChevronTexaco Corp.	50,787		2,868,450
Devon Energy Corp.	10,051		589,290
EOG Resources, Inc.	5,465		368,341
Marathon Oil Corp.	8,291		585,345
Occidental Petroleum Corp.	9,094		832,465
Sunoco, Inc.	3,079		228,154
XTO Energy, Inc.	8,216		344,168
			7,336,260
Domestic Oil - 0.06%
Murphy Oil Corp.	3,735		175,059
Drugs & Health Care - 0.53%
Wyeth	30,365		1,512,177
Electrical Equipment - 3.21%
American Power Conversion Corp.	3,888		79,432
Cooper Industries, Ltd., Class A	2,073		173,510
Emerson Electric Company	9,294		760,342
General Electric Company	239,032		7,856,982
Molex, Inc.	3,247		103,352
Symbol Technologies, Inc.	5,678		65,978
Tektronix, Inc.	1,886		58,089
			9,097,685
Electrical Utilities - 2.51%
Allegheny Energy, Inc. *	3,684		131,740
Ameren Corp.	4,621		234,146
American Electric Power Company, Inc.	8,906		325,069
CenterPoint Energy, Inc.	7,015		90,985
Cinergy Corp.	4,512		198,889

The accompanying notes are an integral part of the financial statements. 108

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
CMS Energy Corp. *	4,979	$	70,104
Consolidated Edison, Inc.	5,542		254,211
Constellation Energy Group, Inc.	4,038		237,192
Dominion Resources, Inc.	7,856		589,986
DTE Energy Company	4,023		174,196
Edison International	7,371		326,978
Entergy Corp.	4,694		340,362
Exelon Corp.	15,094		862,018
FirstEnergy Corp.	7,462		381,159
FPL Group, Inc.	8,933		374,561
PG&E Corp.	7,762		295,344
Pinnacle West Capital Corp.	2,240		91,952
PPL Corp.	8,600		273,480
Public Service Enterprise Group, Inc.	5,671		393,511
TECO Energy, Inc.	4,708		80,318
The AES Corp. *	14,776		255,625
The Southern Company	16,774		570,819
TXU Corp.	10,923		572,256
			7,124,901
Electronics - 0.40%
Agilent Technologies, Inc. *	9,300		334,800
Harman International Industries, Inc.	1,490		164,422
Jabil Circuit, Inc. *	3,936		148,978
L-3 Communications Holdings, Inc.	2,718		225,893
Sanmina-SCI Corp. *	11,891		45,899
Solectron Corp. *	20,668		74,611
Thermo Electron Corp. *	3,669		127,021
			1,121,624
Energy - 0.46%
Duke Energy Corp.	20,984		595,946
Progress Energy, Inc.	5,693		252,655
Sempra Energy	5,816		278,237
Xcel Energy, Inc.	9,114		169,156
			1,295,994
Financial Services - 7.97%
Ameriprise Financial, Inc.	5,565		253,096
Bear Stearns Companies, Inc.	2,563		344,570
Capital One Financial Corp.	6,776		593,578
Charles Schwab Corp.	23,337		378,293
CIT Group, Inc.	4,519		242,987
Citigroup, Inc.	114,446		5,306,861
Countrywide Financial Corp.	13,510		465,825
E*TRADE Financial Corp. *	9,254		236,717
Federal Home Loan Mortgage Corp.	15,632		1,053,441
Federal National Mortgage Association	21,896		1,197,273
Federated Investors, Inc., Class B	1,916		74,513
Fiserv, Inc. *	4,174		173,221
Franklin Resources, Inc.	3,358		344,799
Goldman Sachs Group, Inc.	10,198		1,440,875
Janus Capital Group, Inc.	4,880		107,018
JPMorgan Chase & Company	79,157		3,256,519

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc.	6,061	$	884,603
Mellon Financial Corp.	9,459		341,375
Merrill Lynch & Company, Inc.	20,789		1,605,119
Morgan Stanley	24,385		1,454,809
PNC Financial Services Group, Inc.	6,611		465,084
SLM Corp.	9,441		532,567
State Street Corp. (c)	7,418		463,477
Synovus Financial Corp.	7,065		200,293
T. Rowe Price Group, Inc.	2,957		227,038
Washington Mutual, Inc.	22,322		953,149
			22,597,100
Food & Beverages - 2.62%
Campbell Soup Company	4,210		131,057
Coca-Cola Enterprises, Inc.	6,856		134,720
ConAgra Foods, Inc.	11,739		246,871
Constellation Brands, Inc., Class A *	4,451		117,239
General Mills, Inc.	8,037		395,822
H.J. Heinz Company	7,571		286,714
Hershey Foods Corp.	4,097		209,562
Kellogg Company	5,810		257,441
McCormick & Company, Inc.	3,028		99,409
Pepsi Bottling Group, Inc.	3,102		91,075
PepsiCo, Inc.	37,535		2,218,694
Sara Lee Corp.	17,183		303,624
Starbucks Corp. *	17,385		631,423
The Coca-Cola Company	46,826		1,965,287
Tyson Foods, Inc., Class A	5,694		77,040
William Wrigley Jr. Company	4,059		257,909
			7,423,887
Forest Products - 0.13%
Weyerhaeuser Company	5,503		375,800
Furniture & Fixtures - 0.03%
Leggett & Platt, Inc.	4,162		97,724
Gas & Pipeline Utilities - 0.39%
Dynegy, Inc., Class A *	6,816		36,875
El Paso Corp.	14,916		195,101
KeySpan Corp.	3,944		160,718
Kinder Morgan, Inc.	2,381		220,909
Nicor, Inc.	999		42,887
NiSource, Inc.	6,167		126,608
Peoples Energy Corp.	863		31,681
Williams Companies, Inc.	12,963		279,612
			1,094,391
Healthcare Products - 3.16%
Bausch & Lomb, Inc.	1,216		84,159
Baxter International, Inc.	14,108		533,988
Becton, Dickinson & Company	5,702		364,073
Biomet, Inc.	5,635		205,114
Boston Scientific Corp. *	13,348		325,958
C.R. Bard, Inc.	2,372		155,342

The accompanying notes are an integral part of the financial statements. 109

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund (continued)

	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Fisher Scientific International, Inc. *	2,774	$	189,076
Guidant Corp.	7,506		576,160
Johnson & Johnson	67,300		3,879,845
Medtronic, Inc.	27,364		1,476,288
Patterson Companies, Inc. *	3,128		112,733
St. Jude Medical, Inc. *	8,293		378,161
Stryker Corp.	6,596		304,867
Zimmer Holdings, Inc. *	5,605		387,754
			8,973,518
Healthcare Services - 2.14%
Cardinal Health, Inc.	9,688		703,349
Coventry Health Care, Inc. *	3,675		219,103
Express Scripts, Inc. *	3,295		287,555
HCA, Inc.	9,590		459,361
Humana, Inc. *	3,683		190,300
IMS Health, Inc.	5,242		126,332
Laboratory Corp. of America Holdings *	3,007		174,737
McKesson Corp.	6,960		376,745
Medco Health Solutions, Inc. *	6,958		387,700
Quest Diagnostics, Inc.	3,749		198,210
UnitedHealth Group, Inc.	30,885		1,798,433
Wellpoint, Inc. *	14,918		1,145,553
			6,067,378
Holdings Companies/Conglomerates - 0.10%
Loews Corp.	3,067		282,961
Homebuilders - 0.32%
Centex Corp.	2,890		195,393
D.R. Horton, Inc.	6,158		210,049
KB Home	1,771		118,710
Lennar Corp., Class A	3,107		185,985
Pulte Homes, Inc.	4,853		186,404
			896,541
Hotels & Restaurants - 0.93%
Darden Restaurants, Inc.	2,962		124,226
Harrah's Entertainment, Inc.	4,158		299,043
Hilton Hotels Corp.	7,421		179,588
Marriott International, Inc., Class A	3,724		254,722
McDonald's Corp.	28,472		993,958
Starwood Hotels & Resorts Worldwide, Inc.	4,960		314,960
Wendy's International, Inc.	2,630		152,277
Yum! Brands, Inc.	6,404		305,471
			2,624,245
Household Appliances - 0.11%
Black & Decker Corp.	1,774		151,819
Maytag Corp.	1,813		31,184
Whirlpool Corp.	1,526		137,019
			320,022
Household Products - 0.22%
Fortune Brands, Inc.	3,305		256,303
Newell Rubbermaid, Inc.	6,232		154,990

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products (continued)
The Clorox Company	3,409	$	207,778
			619,071
Industrial Machinery - 1.00%
Caterpillar, Inc.	15,388		1,124,555
Cummins, Inc.	1,059		114,668
Deere & Company	5,456		416,129
Dover Corp.	4,585		219,805
Ingersoll-Rand Company, Class A	7,484		307,068
ITT Industries, Inc.	4,178		219,345
Pall Corp.	2,818		82,906
Parker-Hannifin Corp.	2,709		211,763
W.W. Grainger, Inc.	1,720		127,349
			2,823,588
Insurance - 4.77%
ACE, Ltd.	7,292		406,383
Aetna, Inc.	12,940		659,940
AFLAC, Inc.	11,320		523,550
Allstate Corp.	14,674		803,842
Ambac Financial Group, Inc.	2,380		178,857
American International Group, Inc.	58,719		3,896,593
Aon Corp.	7,239		286,737
Chubb Corp.	4,522		432,981
CIGNA Corp.	2,845		349,224
Cincinnati Financial Corp.	3,952		175,311
Genworth Financial, Inc.	8,520		271,106
Hartford Financial Services Group, Inc.	6,795		559,772
Jefferson-Pilot Corp.	3,032		182,678
Lincoln National Corp.	3,919		222,482
Marsh & McLennan Companies, Inc.	12,322		380,873
MBIA, Inc.	3,033		178,158
MetLife, Inc.	17,131		858,606
MGIC Investment Corp.	2,053		130,879
Principal Financial Group, Inc.	6,338		308,787
Progressive Corp.	4,462		479,442
Prudential Financial, Inc.	11,424		880,105
SAFECO Corp.	2,795		143,970
St. Paul Travelers Companies, Inc.	15,665		673,282
Torchmark, Inc.	2,348		128,365
UnumProvident Corp.	6,742		139,492
XL Capital, Ltd., Class A	3,945		266,485
			13,517,900
International Oil - 1.24%
Anadarko Petroleum Corp.	5,366		532,093
ConocoPhillips	31,390		1,913,534
Kerr-McGee Corp.	2,624		256,365
Nabors Industries, Ltd. *	3,575		235,771
Noble Corp.	3,097		228,899
Weatherford International, Ltd. *	7,864		339,096
			3,505,758
Internet Retail - 0.46%
Amazon.com, Inc. *	6,939		260,143

The accompanying notes are an integral part of the financial statements. 110

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail (continued)
eBay, Inc. *	25,855	$	1,035,751
			1,295,894
Internet Service Provider - 0.32%
Yahoo!, Inc. *	28,565		915,794
Internet Software - 0.19%
Symantec Corp. *	24,466		413,231
VeriSign, Inc. *	5,800		137,228
			550,459
Leisure Time - 0.86%
Brunswick Corp.	2,182		85,600
Carnival Corp.	9,801		506,221
Electronic Arts, Inc. *	6,800		353,396
International Game Technology, Inc.	7,623		272,675
Walt Disney Company	43,517		1,218,041
			2,435,933
Life Sciences - 0.06%
PerkinElmer, Inc.	2,959		70,395
Waters Corp. *	2,504		106,996
			177,391
Liquor - 0.33%
Anheuser-Busch Companies, Inc.	17,563		729,567
Brown Forman Corp., Class B	1,879		132,206
Molson Coors Brewing Company, Class B	1,277		80,132
			941,905
Manufacturing - 1.73%
3M Company	17,191		1,265,086
Danaher Corp.	5,367		325,133
Eaton Corp.	3,348		233,255
Harley-Davidson, Inc.	6,212		326,192
Honeywell International, Inc.	19,065		780,712
Illinois Tool Works, Inc.	4,632		397,611
Rockwell Automation, Inc.	4,052		276,225
Snap-on, Inc.	1,311		51,024
Stanley Works	1,646		82,530
Tyco International, Ltd.	45,540		1,174,476
			4,912,244
Medical-Hospitals - 0.10%
Health Management Associates, Inc., Class A	5,592		119,054
Manor Care, Inc.	1,790		74,016
Tenet Healthcare Corp. *	10,619		83,784
			276,854
Mining - 0.37%
Freeport-McMoran Copper & Gold, Inc.,
Class B	4,164		210,823
Newmont Mining Corp.	10,107		534,863
Phelps Dodge Corp.	2,297		316,986
			1,062,672
Newspapers - 0.09%
Dow Jones & Company, Inc.	1,335		54,268

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Newspapers (continued)
E.W. Scripps Company, Class A	1,925	$	92,554
Knight-Ridder, Inc.	1,570		94,231
			241,053
Office Furnishings & Supplies - 0.16%
Avery Dennison Corp.	2,499		149,940
Office Depot, Inc. *	6,987		249,296
OfficeMax, Inc.	1,602		46,987
			446,223
Paper - 0.26%
International Paper Company	11,096		363,616
MeadWestvaco Corp.	4,105		114,201
Plum Creek Timber Company, Inc.	4,164		154,693
Temple-Inland, Inc.	2,539		108,339
			740,849
Petroleum Services - 4.49%
Baker Hughes, Inc.	7,733		525,612
BJ Services Company	7,292		228,313
Exxon Mobil Corp.	140,765		8,357,218
Halliburton Company	11,602		788,936
Schlumberger, Ltd.	13,327		1,532,605
Transocean, Inc. *	7,467		553,902
Valero Energy Corp.	13,950		750,370
			12,736,956
Pharmaceuticals - 4.64%
Abbott Laboratories	35,092		1,550,365
Allergan, Inc.	2,977		322,290
AmerisourceBergen Corp.	4,718		216,981
Bristol-Myers Squibb Company	44,261		1,022,429
Caremark Rx, Inc. *	10,175		506,206
Eli Lilly & Company	25,713		1,430,157
Forest Laboratories, Inc. *	7,642		350,768
Gilead Sciences, Inc. *	10,359		645,055
Hospira, Inc. *	3,639		144,468
King Pharmaceuticals, Inc. *	5,470		88,887
Merck & Company, Inc.	49,467		1,724,420
Mylan Laboratories, Inc.	4,945		113,735
Pfizer, Inc.	166,758		4,367,392
Schering-Plough Corp.	33,433		618,511
Watson Pharmaceuticals, Inc. *	2,294		68,774
			13,170,438
Photography - 0.06%
Eastman Kodak Company	6,497		182,241
Publishing - 0.39%
Gannett Company, Inc.	5,427		337,343
McGraw-Hill Companies, Inc.	8,481		450,256
Meredith Corp.	948		52,225
The New York Times Company, Class A	3,282		92,618
Tribune Company	5,923		181,244
			1,113,686

The accompanying notes are an integral part of the financial statements. 111

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Railroads & Equipment - 0.68%
Burlington Northern Santa Fe Corp.	8,448	$	664,351
CSX Corp.	4,914		272,137
Norfolk Southern Corp.	9,194		470,549
Union Pacific Corp.	5,994		530,769
			1,937,806
Real Estate - 0.68%
Apartment Investment & Management
Company, Class A, REIT	2,165		95,931
Archstone-Smith Trust, REIT	4,796		227,330
Equity Office Properties Trust, REIT	9,189		288,994
Equity Residential, REIT	6,519		295,180
ProLogis, REIT	5,508		289,280
Public Storage, Inc., REIT	1,870		145,898
Simon Property Group, Inc., REIT	4,218		349,968
Vornado Realty Trust, REIT	2,671		237,692
			1,930,273
Retail Grocery - 0.53%
Albertsons, Inc.	8,343		212,246
Safeway, Inc.	10,164		247,087
SUPERVALU, Inc.	3,081		97,359
Sysco Corp.	14,033		422,253
The Kroger Company *	16,398		328,616
Whole Foods Market, Inc.	3,102		198,156
			1,505,717
Retail Trade - 4.56%
Bed Bath & Beyond, Inc. *	6,716		242,045
Best Buy Company, Inc.	9,246		497,990
Big Lots, Inc. *	2,578		32,766
Circuit City Stores, Inc.	3,543		85,138
Costco Wholesale Corp.	10,680		547,670
CVS Corp.	18,419		521,810
Dillard's, Inc., Class A	1,394		34,390
Dollar General Corp.	7,163		124,780
Family Dollar Stores, Inc.	3,512		90,329
Federated Department Stores, Inc.	6,158		437,464
Gap, Inc.	12,984		240,723
Home Depot, Inc.	48,056		2,025,560
J.C. Penney Company, Inc.	5,254		308,095
Kohl's Corp. *	7,799		375,210
Limited Brands, Inc.	7,878		186,472
Lowe's Companies, Inc.	17,689		1,206,036
Nordstrom, Inc.	4,945		187,910
RadioShack Corp.	3,046		59,549
Sears Holdings Corp. *	2,258		271,976
Staples, Inc.	16,546		406,039
Target Corp.	19,889		1,081,962
The TJX Companies, Inc.	10,422		255,235
Tiffany & Co.	3,218		119,484
Walgreen Company	22,896		1,027,115
Wal-Mart Stores, Inc.	56,513		2,563,430
			12,929,178

500 Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sanitary Services - 0.22%
Allied Waste Industries, Inc. *	4,938	$	52,886
Ecolab, Inc.	4,170		150,912
Waste Management, Inc.	12,484		415,218
			619,016
Semiconductors - 2.85%
Advanced Micro Devices, Inc. *	9,141		353,483
Altera Corp. *	8,200		164,328
Analog Devices, Inc.	8,299		316,524
Applied Materials, Inc.	36,705		673,170
Applied Micro Circuits Corp. *	6,759		24,400
Broadcom Corp., Class A *	9,813		442,468
Freescale Semiconductor, Inc., Class B *	9,284		251,039
Intel Corp.	136,390		2,809,634
KLA-Tencor Corp.	4,466		233,259
Linear Technology Corp.	6,895		254,150
LSI Logic Corp. *	8,861		86,395
Maxim Integrated Products, Inc.	7,416		289,891
Micron Technology, Inc. *	13,980		216,830
National Semiconductor Corp.	7,775		218,089
Novellus Systems, Inc. *	3,017		80,644
NVIDIA Corp. *	3,872		182,487
PMC-Sierra, Inc. *	4,145		42,320
QLogic Corp. *	1,820		74,875
Teradyne, Inc. *	4,454		74,783
Texas Instruments, Inc.	36,604		1,092,629
Xilinx, Inc.	7,884		215,076
			8,096,474
Software - 2.90%
Adobe Systems, Inc.	13,601		525,271
Autodesk, Inc. *	5,221		196,571
BMC Software, Inc. *	4,893		107,010
CA, Inc.	10,381		281,948
Citrix Systems, Inc. *	3,989		129,084
Compuware Corp. *	8,765		71,961
Intuit, Inc. *	4,003		194,466
Microsoft Corp.	207,095		5,570,855
Novell, Inc. *	8,642		82,185
Oracle Corp. *	85,079		1,056,681
			8,216,032
Steel - 0.19%
Allegheny Technologies, Inc.	1,924		97,181
Nucor Corp.	3,520		302,896
United States Steel Corp.	2,565		139,793
			539,870
Telecommunications Equipment &
Services - 1.29%
ADC Telecommunications, Inc. *	2,636		66,744
Andrew Corp. *	3,675		49,833
Avaya, Inc. *	9,474		105,351
Ciena Corp. *	13,075		52,562
Citizens Communications Company	7,554		100,846

The accompanying notes are an integral part of the financial statements. 112

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

500 Index Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
Comverse Technology, Inc. *		4,570	$	131,433
Corning, Inc. *		34,476		841,559
JDS Uniphase Corp. *		37,381		113,638
Lucent Technologies, Inc. *		100,553		281,548
QUALCOMM, Inc.		37,195		1,755,976
Tellabs, Inc. *		10,145		149,030
				3,648,520
Telephone - 2.98%
ALLTEL Corp.		8,662		547,005
AT&T Corp.		88,372		2,438,183
BellSouth Corp.		41,368		1,306,401
CenturyTel, Inc.		2,963		106,609
Qwest Communications International, Inc. *		34,924		220,720
Sprint Corp.		66,837		1,606,093
Verizon Communications, Inc.		66,115		2,228,076
				8,453,087
Tires & Rubber - 0.03%
Cooper Tire & Rubber Company		1,387		20,666
Goodyear Tire & Rubber Company *		3,991		57,191
				77,857
Tobacco - 1.32%
Altria Group, Inc.		47,108		3,387,065
Reynolds American, Inc.		1,934		205,294
UST, Inc.		3,700		143,856
				3,736,215
Toys, Amusements & Sporting Goods - 0.08%
Hasbro, Inc.		4,035		81,870
Mattel, Inc.		9,135		153,925
				235,795
Travel Services - 0.56%
American Express Company		28,090		1,513,489
Sabre Holdings Corp.		2,969		71,642
				1,585,131
Trucking & Freight - 0.95%
Fedex Corp.		6,855		735,130
Navistar International Corp. *		1,396		40,973
Ryder Systems, Inc.		1,452		64,382
United Parcel Service, Inc., Class B		24,965		1,865,135
				2,705,620
TOTAL COMMON STOCKS (Cost $245,042,740)			$	261,544,917
SHORT TERM INVESTMENTS - 7.65%
Federal Home Loan Bank Discount Note
zero coupon due 03/15/2006	$	4,000,000	$	3,993,156
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 03/07/2006 to
03/21/2006		7,240,000		7,225,735
Federal National Mortgage Association Discount
Notes
zero coupon due 03/01/2006		1,380,000		1,380,000

500 Index Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Rabobank USA Finance Corp.
4.56% due 03/01/2006	$	8,000,000	$	8,000,000
United States Treasury Bills
4.31% due 04/20/2006 ****		300,000		298,204
4.335% due 04/20/2006 ****		400,000		397,650
4.375% due 04/20/2006 ****		400,000		397,569
TOTAL SHORT TERM INVESTMENTS
(Cost $21,692,314)			$	21,692,314
Total Investments (500 Index Fund)
(Cost $266,735,054) - 99.87%			$	283,237,231
Other Assets in Excess of Liabilities - 0.13%				365,133
TOTAL NET ASSETS - 100.00%			$	283,602,364
Active Bond Fund
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS - 0.07%
Agriculture - 0.07%
Ocean Spray Cranberries, Inc. *		3,200	$	263,800
TOTAL PREFERRED STOCKS (Cost $262,400)			$	263,800
U.S. TREASURY OBLIGATIONS - 23.29%
Treasury Inflation Protected
Securities (d) - 0.46%
3.50% due 01/15/2011	$	1,634,396		1,755,124
3.875% due 04/15/2029 (a)		39,517		53,990
				1,809,114
U.S. Treasury Bonds - 2.34%
4.50% due 02/15/2036		1,410,000		1,410,000
5.375% due 02/15/2031		191,000		212,614
5.375% due 02/15/2031 (a)		1,175,000		1,307,968
6.875% due 08/15/2025		1,595,000		2,035,245
8.75% due 08/15/2020 (a)		3,040,000		4,316,919
				9,282,746
U.S. Treasury Notes - 20.49%
3.25% due 08/15/2007 (a)		12,588,000		12,330,336
4.25% due 10/15/2010 to 11/15/2013		6,230,000		6,096,718
4.375% due 01/31/2008 (a)		14,520,000		14,436,060
4.50% due 02/28/2011 to 02/15/2016		30,479,000		30,306,433
4.50% due 02/15/2009 to 02/15/2016 (a)		17,985,000		17,905,183
				81,074,730
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $92,179,503)			$	92,166,590
U.S. GOVERNMENT AGENCY OBLIGATIONS - 39.65%
Federal Home Loan Bank - 0.50%
2.50% due 04/11/2006		135,000		134,654
3.75% due 08/15/2007		75,000		73,768
5.00% due 05/03/2010		35,000		34,642
5.02% due 11/07/2008		1,590,000		1,583,869

The accompanying notes are an integral part of the financial statements. 113

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Bank (continued)
5.80% due 09/02/2008	$	135,000	$	137,383
				1,964,316
Federal Home Loan Mortgage Corp. - 2.17%
3.625% due 09/15/2008		118,000		114,393
3.952% due 06/01/2034		167,840		163,238
4.75% due 10/17/2008		2,875,000		2,847,187
4.90% due 11/03/2008		105,000		104,273
5.00% due 10/18/2010 to 03/01/2018		1,358,130		1,345,581
5.10% due 11/14/2008		440,000		438,967
5.168% due 11/01/2035		1,163,055		1,146,299
5.287% due 12/01/2035		1,110,000		1,092,181
5.30% due 11/17/2010		90,000		89,627
5.50% due 07/15/2006 to 01/01/2034		88,078		87,548
5.875% due 03/21/2011		81,000		83,650
6.00% due 04/01/2016 to 12/01/2035		1,086,970		1,098,303
				8,611,247
Federal National Mortgage
Association - 36.86%
2.50% due 06/15/2008		3,039,000		2,882,027
3.25% due 08/15/2008		39,000		37,511
3.765% due 07/01/2033 (b)		8,002		7,839
4.25% due 09/15/2007		5,600,000		5,545,081
4.25% due 07/15/2007 (a)		43,000		42,615
4.375% due 03/15/2013 (a)		20,000		19,347
4.50% due 08/01/2020 to 10/01/2035		4,564,562		4,403,084
4.50% TBA **		6,000,000		5,827,500
4.75% due 08/25/2008 to 08/02/2010		2,110,000		2,090,828
5.00% due 11/14/2008 to 10/01/2035		12,924,948		12,686,992
5.00% TBA **		30,000,000		29,214,060
5.125% due 12/15/2008		195,000		194,450
5.50% due 03/15/2011 to 01/01/2036		22,611,807		22,598,938
5.50% TBA **		30,000,000		29,718,750
6.00% due 05/15/2008 to 10/01/2035		13,448,564		13,625,328
6.00% TBA **		11,000,000		11,099,682
6.25% due 05/15/2029		157,000		185,062
6.50% due 06/01/2031 to 01/01/2034		155,292		159,518
6.625% due 09/15/2009		5,046,000		5,319,145
7.00% due 09/01/2010 to 10/25/2041		160,945		166,206
7.50% due 09/01/2029 to 08/01/2031		10,610		11,111
				145,835,074
Government National Mortgage
Association - 0.09%
5.00% due 04/15/2035		138,495		136,385
5.50% due 03/15/2035		147,003		147,444
6.00% due 03/15/2033 to 06/15/2033		67,798		69,248
6.50% due 09/15/2028 to 08/15/2031		11,953		12,478
7.00% due 04/15/2029		3,727		3,895
8.00% due 10/15/2026		3,543		3,798
				373,248

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
The Financing Corp. - 0.03%
10.35% due 08/03/2018	$	75,000	$	111,637
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $156,584,390)			$	156,895,522
FOREIGN GOVERNMENT OBLIGATIONS - 0.21%
Argentina - 0.02%
Republic of Argentina
0.63%, Step up to 1.18% on
03/31/2009 due 12/31/2038 (b)	ARS	177,218		31,363
.34% due 12/15/2035 (b)		393,449		7,993
5.83% due 12/31/2033 (b)		77,403		33,075
				72,431
Canada - 0.03%
Government of Canada
5.50% due 06/01/2010	CAD	5,000		4,637
Province of Ontario
4.50% due 03/08/2015		125,000		110,573
				115,210
Chile - 0.06%
Republic of Chile
5.06% due 01/28/2008 (b)	$	223,000		224,115
Colombia - 0.01%
Republic of Colombia
10.00% due 01/23/2012		20,000		24,350
11.75% due 03/01/2010	COP	16,000,000		8,239
				32,589
Hungary - 0.00%
Republic of Hungary
6.50% due 08/24/2006	HUF	590,000		2,779
Japan - 0.01%
Government of Japan
0.90% due 12/22/2008	JPY	550,000		4,779
1.50% due 09/20/2014		1,350,000		11,643
1.80% due 03/22/2010		2,650,000		23,642
				40,064
Mexico - 0.07%
Government of Mexico
8.00% due 12/07/2023	MXN	238,900		22,611
8.00% due 12/19/2013		167,800		16,184
9.875% due 02/01/2010	$	205,000		238,005
				276,800
Panama - 0.00%
Republic of Panama
8.875% due 09/30/2027		6,000		7,515
9.375% due 07/23/2012		2,000		2,360
				9,875
Peru - 0.00%
Republic of Peru
9.125% due 02/21/2012		3,000		3,465
9.875% due 02/06/2015		2,000		2,490
				5,955

The accompanying notes are an integral part of the financial statements. 114

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Philippines - 0.00%
Republic of Philippines
9.125% due 02/22/2010	EUR	2,000	$	2,730
10.625% due 03/16/2025	$	1,000		1,297
				4,027
Sweden - 0.00%
Kingdom of Sweden
5.00% due 01/28/2009	SEK	30,000		4,007
5.25% due 03/15/2011		30,000		4,152
				8,159
Turkey - 0.01%
Republic of Turkey
20.00% due 10/17/2007	TRY	23,700		21,106
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $794,963)			$	813,110
COMMON STOCKS - 0.16%
Domestic Oil - 0.16%
Enterprise Products Operating LP
6.375% due 02/01/2013	$	595,000		618,992
TOTAL COMMON STOCKS (Cost $617,521)			$	618,992
CORPORATE BONDS - 21.10%
Aerospace - 0.01%
Systems 2001 Asset Trust LLC
6.664% due 09/15/2013		45,333		48,086
Air Travel - 0.00%
Delta Air Lines, Inc.
3.312% due 01/25/2008 (b)		2,384		2,387
8.00% due 12/15/2007		4,000		890
				3,277
Apparel & Textiles - 0.22%
Mohawk Industries, Inc.
6.125% due 01/15/2016		850,000		858,387
Auto Parts - 0.00%
Delphi Trust II
6.197% due 11/15/2033 (b)		2,000		510
Auto Services - 0.13%
Erac USA Finance Company
5.90% due 11/15/2015		250,000		253,645
6.70% due 06/01/2034		205,000		216,078
7.95% due 12/15/2009		40,000		43,353
				513,076
Automobiles - 0.06%
DaimlerChrysler NA Holding Corp.
4.05% due 06/04/2008		234,000		227,175
DaimlerChrysler North America Holding
5.38% due 05/24/2006 (b)		26,000		26,022
				253,197
Banking - 1.12%
Allied Irish Banks PLC
7.50% due 12/29/2049 (b)	EUR	1,000		1,389

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Banco Santander Chile
4.81% due 12/09/2009 (b)	$	18,000	$	18,022
5.375% due 12/09/2014		5,000		4,930
Bank of Ireland
6.45% due 02/10/2010	EUR	1,000		1,322
Capital One Financial Corp.
7.25% due 05/01/2006	$	13,000		13,049
Chuo Mitsui Trust & Banking Company
5.506% due 04/15/2049 (b)		350,000		339,245
Colonial Bank NA
6.375% due 12/01/2015		356,000		363,718
HBOS PLC
3.125% due 01/12/2007		17,000		16,726
5.375% due 11/29/2049 (b)		22,000		21,725
6.413% due 09/29/2049 (b)		450,000		451,516
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		5,000		4,766
NB Capital Trust IV
8.25% due 04/15/2027		50,000		53,307
Rabobank Capital Funding II
5.26% due 12/29/2049 (b)		520,000		509,347
RBS Capital Trust IV
5.327% due 09/29/2049 (b)		18,000		18,180
Royal Bank of Scotland Group PLC
7.648% due 08/31/2049 (b)		550,000		658,975
Sovereign Capital Trust I
9.00% due 04/01/2027		370,000		396,282
TuranAlem Finance BV
7.875% due 06/02/2010		12,000		12,550
Wachovia Capital Trust II
5.10% due 01/15/2027 (b)		385,000		370,296
Wachovia Capital Trust III
5.80% due 08/29/2049 (b)		700,000		696,041
Washington Mutual, Inc.
4.20% due 01/15/2010		222,000		213,698
4.801% due 03/22/2012 (b)		7,000		6,980
5.625% due 01/15/2007		32,000		32,095
Wells Fargo Company
3.50% due 04/04/2008 (a)		219,000		212,287
				4,416,446
Broadcasting - 0.28%
Clear Channel Communications, Inc.
5.50% due 09/15/2014		245,000		231,482
6.00% due 11/01/2006		9,000		9,036
7.65% due 09/15/2010		214,000		227,123
Liberty Media Corp.
5.991% due 09/17/2006 (b)		32,000		32,145
8.25% due 02/01/2030 (a)		32,000		32,139
News America Holdings, Inc.
6.75% due 01/09/2038		2,000		2,117
7.75% due 12/01/2045		9,000		10,437
8.25% due 08/10/2018		325,000		385,825
XM Satellite Radio Holdings, Inc.
12.00% due 06/15/2010		150,000		167,625
				1,097,929

The accompanying notes are an integral part of the financial statements. 115

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Building Materials & Construction - 0.21%
Hughes Supply, Inc.
5.50% due 10/15/2014	$	600,000	$	606,935
Votorantim Overseas IV
7.75% due 06/24/2020		200,000		220,000
WCI Communities, Inc.
6.625% due 03/15/2015		8,000		7,020
				833,955
Business Services - 0.00%
Electronic Data Systems Corp.
7.125% due 10/15/2009		2,000		2,116
Cable and Television - 0.70%
BSKYB Finance UK PLC
6.50% due 10/15/2035		260,000		260,078
Comcast Corp.
5.90% due 03/15/2016		240,000		239,669
6.45% due 03/15/2037		240,000		238,558
6.50% due 11/15/2035		530,000		537,153
Comcast Corp., Class A
5.30% due 01/15/2014		219,000		212,993
7.05% due 03/15/2033		11,000		11,843
Cox Communications, Inc.
4.625% due 01/15/2010		22,000		21,192
5.039% due 12/14/2007 (b)		160,000		161,049
5.45% due 12/15/2014		218,000		211,474
6.75% due 03/15/2011		209,000		216,626
7.75% due 11/01/2010		207,000		222,819
Quebecor Media Inc.
7.75% due 03/15/2016		50,000		51,250
TCI Communications, Inc.
9.80% due 02/01/2012		255,000		304,086
Time Warner Companies, Inc.
7.57% due 02/01/2024		34,000		38,058
Time Warner, Inc.
6.15% due 05/01/2007		13,000		13,134
7.625% due 04/15/2031		9,000		10,236
				2,750,218
Cellular Communications - 0.35%
America Movil S.A. de CV
5.75% due 01/15/2015		245,000		245,537
American Tower Corp.
7.50% due 05/01/2012		12,000		12,660
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		211,000		233,974
8.75% due 03/01/2031		209,000		277,355
Cingular Wireless Services, Inc.
8.125% due 05/01/2012		200,000		229,155
Nextel Communications, Inc.
7.375% due 08/01/2015		2,000		2,115
Nextel Communications, Inc., Series F
5.95% due 03/15/2014		345,000		346,776
Rogers Wireless, Inc.
9.625% due 05/01/2011		8,000		9,260

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
Verizon Wireless Capital LLC
5.375% due 12/15/2006	$	22,000	$	22,042
				1,378,874
Chemicals - 0.22%
Cytec Industries, Inc.
6.00% due 10/01/2015 (a)		450,000		437,231
6.75% due 03/15/2008		13,000		13,248
ICI Wilmington, Inc.
4.375% due 12/01/2008		218,000		210,986
Lyondell Chemical Company
10.875% due 05/01/2009		25,000		25,500
Nova Chemicals Ltd.
7.875% due 09/15/2025		195,000		194,513
				881,478
Commercial Services - 0.02%
Cendant Corp.
6.25% due 01/15/2008 (a)		34,000		34,424
6.25% due 03/15/2010		9,000		9,231
6.875% due 08/15/2006		11,000		11,071
7.375% due 01/15/2013		2,000		2,201
				56,927
Computers & Business Equipment - 0.02%
Agilysys, Inc.
9.50% due 08/01/2006		85,000		85,786
Construction & Mining Equipment - 0.10%
Kennametal, Inc.
7.20% due 06/15/2012		365,000		393,591
Containers & Glass - 0.11%
BWAY Corp.
10.00% due 10/15/2010		195,000		205,725
Stone Container Corp.
9.75% due 02/01/2011		215,000		220,106
				425,831
Crude Petroleum & Natural Gas - 0.01%
Chesapeake Energy Corp.
7.00% due 08/15/2014		18,000		18,675
Premcor Refining Group, Inc.
7.50% due 06/15/2015		4,000		4,266
				22,941
Domestic Oil - 0.12%
Amerada Hess Corp.
7.30% due 08/15/2031		212,000		248,961
Devon Financing Corp., ULC
6.875% due 09/30/2011		205,000		220,381
Union Oil Company of California
7.50% due 02/15/2029		7,000		8,876
				478,218
Drugs & Health Care - 0.20%
Allegiance Corp.
7.00% due 10/15/2026		205,000		225,696
Wyeth
4.375% due 03/01/2008		210,000		206,718

The accompanying notes are an integral part of the financial statements. 116

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Drugs & Health Care (continued)
Wyeth (continued)
5.50% due 02/15/2016	$	340,000	$	342,060
				774,474
Electrical Equipment - 0.28%
Ametek, Inc.
7.20% due 07/15/2008		90,000		93,080
General Electric Company
5.00% due 02/01/2013		1,037,000		1,026,310
				1,119,390
Electrical Utilities - 2.29%
AES Eastern Energy LP, Series 99-A
9.00% due 01/02/2017		408,979		462,146
AES Gener SA
7.50% due 03/25/2014		218,000		226,283
American Electric Power Company, Inc.
5.25% due 06/01/2015		210,000		206,261
Appalachian Power Company
5.80% due 10/01/2035		39,000		38,151
Arizona Public Service Company
5.50% due 09/01/2035		222,000		205,956
5.80% due 06/30/2014		140,000		141,117
Beaver Valley Funding Corp.
9.00% due 06/01/2017		395,000		455,008
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		10,000		11,474
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		235,000		266,798
CSFB (Empresa Electrica Guacolda SA)
8.625% due 04/30/2013		202,500		224,994
Dominion Resources, Inc.
5.70% due 09/17/2012 (a)		207,000		208,711
Empresa Nacional De Electricidad
8.35% due 08/01/2013		220,000		249,325
8.50% due 04/01/2009		8,000		8,644
Enersis SA
7.375% due 01/15/2014		12,000		12,830
Entergy (Waterford 3 Funding)
8.09% due 01/02/2017		59,950		63,092
Entergy Gulf States, Inc.
5.70% due 06/01/2015		175,000		170,725
FirstEnergy Corp.
6.45% due 11/15/2011		209,000		218,571
7.375% due 11/15/2031		226,000		263,550
HQI Transelec Chile SA
7.875% due 04/15/2011		325,000		355,043
Indiantown Cogeneration LP, Series A-9
9.26% due 12/15/2010		110,322		118,058
Ipalco Enterprises, Inc.
8.625% due 11/14/2011		285,000		315,638
Kansas Gas & Electric
5.647% due 03/29/2021		230,000		225,786
Nevada Power Company
5.95% due 03/15/2016		160,000		160,751
Pacific Gas & Electric Company
4.20% due 03/01/2011		246,000		233,939

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Pacific Gas & Electric Company (continued)
4.80% due 03/01/2014	$	212,000	$	204,669
6.05% due 03/01/2034		834,000		863,044
Pepco Holdings, Inc.
6.45% due 08/15/2012		290,000		304,027
PPL Energy Supply LLC, Series A
6.40% due 11/01/2011		365,000		381,103
PSEG Power LLC
5.00% due 04/01/2014		214,000		205,913
6.875% due 04/15/2006		16,000		16,032
8.625% due 04/15/2031		214,000		284,435
Scottish Power PLC
4.91% due 03/15/2010		225,000		221,438
System Energy Resources, Inc.
5.129% due 01/15/2014		302,721		289,402
Texas-New Mexico Power Company
6.125% due 06/01/2008		440,000		444,711
TransAlta Corp.
5.75% due 12/15/2013		355,000		357,465
TXU Corp., Series R
6.55% due 11/15/2034 (a)		678,000		643,012
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011		6,000		5,853
				9,063,955
Electronics - 0.00%
Jabil Circuit, Inc.
5.875% due 07/15/2010		17,000		17,158
Energy - 1.01%
Duke Capital LLC
6.75% due 02/15/2032		511,000		557,537
Enterprise Products Operating LP
4.95% due 06/01/2010		210,000		205,352
Enterprise Products Operating LP, Series B
5.00% due 03/01/2015		211,000		200,290
6.875% due 03/01/2033		209,000		224,215
Kansas City Power & Light Company, Series B
6.00% due 03/15/2007		11,000		11,086
KN Capital Trust I, Series B
8.56% due 04/15/2027		125,000		133,031
Nexen, Inc.
5.875% due 03/10/2035		212,000		209,610
Northern Border Pipeline Company
6.25% due 05/01/2007		12,000		12,113
NRG Energy, Inc.
7.25% due 02/01/2014		230,000		235,750
Pioneer Natural Resources Company
5.875% due 07/15/2016		207,000		199,338
Progress Energy, Inc.
5.625% due 01/15/2016		110,000		109,810
6.75% due 03/01/2006		15,000		15,000
7.00% due 10/30/2031		826,000		926,688
Salton Sea Funding Corp.
7.84% due 05/30/2010		176,816		182,458
Salton Sea Funding Corp., Series E
8.30% due 05/30/2011		182,860		195,480

The accompanying notes are an integral part of the financial statements. 117

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Sempra Energy
4.75% due 05/15/2009	$	208,000	$	204,107
Talisman Energy, Inc.
5.85% due 02/01/2037		160,000		159,604
TXU Energy Company, LLC
7.00% due 03/15/2013		217,000		230,612
				4,012,081
Financial Services - 3.53%
American General Finance Corp., Series MTNI
4.875% due 07/15/2012		535,000		518,182
Astoria Depositor Corp.
8.144% due 05/01/2021		500,000		529,625
AXA Financial, Inc.
7.75% due 08/01/2010		210,000		230,042
Bank of New York Institutional Capital Trust A
7.78% due 12/01/2026		60,000		63,263
Bear Stearns Companies, Inc.
5.70% due 11/15/2014 (a)		219,000		223,192
Bosphorus Financial Services Ltd
6.549% due 02/15/2012 (b)		275,000		276,477
Caterpillar Financial Services Corp.
4.50% due 06/15/2009 (a)		210,000		206,041
CIT Group, Inc., Series MTN
4.99% due 05/18/2007 (b)		8,000		8,022
Citigroup, Inc.
5.00% due 09/15/2014		218,000		213,328
5.625% due 08/27/2012		219,000		223,579
CNOOC Finance 2003 Ltd.
5.50% due 05/21/2033		10,000		9,400
Corporacion Andina de Fomento
6.875% due 03/15/2012		20,000		21,575
Credit Suisse First Boston USA, Inc.
4.625% due 01/15/2008 (a)		208,000		206,337
6.50% due 01/15/2012		209,000		220,986
Dresdner Bank-New York
7.25% due 09/15/2015		211,000		238,458
ERP Operating LP
4.75% due 06/15/2009		13,000		12,779
ESI Tractebel Acquisition Corp., Series B
7.99% due 12/30/2011		415,000		434,022
FleetBoston Financial Corp.
4.875% due 12/01/2006		14,000		13,972
Ford Motor Credit Company
5.70% due 11/16/2006 (b)		695,000		688,070
Fund American Companies, Inc.
5.875% due 05/15/2013		214,000		213,317
General Electric Capital Corp.
5.45% due 01/15/2013		261,000		264,596
General Motors Acceptance Corp.
6.75% due 12/01/2014		155,000		136,933
6.875% due 09/15/2011		232,000		207,727
7.75% due 01/19/2010 (a)		42,000		39,583
8.00% due 11/01/2031 (a)		504,000		460,272
General Motors Acceptance Corp., Series MTN
5.52% due 04/13/2006 (b)		70,000		69,790

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
General Motors Acceptance Corp., Series MTN
(continued)
5.645% due 05/18/2006 (b)	$	45,000	$	44,760
Glencore Funding LLC
6.00% due 04/15/2014		170,000		162,166
Household Finance Corp.
6.375% due 10/15/2011		200,000		209,322
6.40% due 06/17/2008		237,000		243,214
HSBC Finance Capital Trust IX
5.911% due 11/30/2035 (b)		300,000		301,600
HSBC Finance Corp.
4.625% due 01/15/2008		213,000		211,226
6.75% due 05/15/2011		520,000		552,619
HVB Funding Trust III
9.00% due 10/22/2031		10,000		13,447
International Lease Finance Corp.
3.50% due 04/01/2009		213,000		201,763
4.55% due 10/15/2009		7,000		6,839
4.75% due 07/01/2009		30,000		29,450
5.00% due 04/15/2010		211,000		208,451
5.875% due 05/01/2013		215,000		219,511
International Lease Finance Corp., Series MTNP
5.00% due 01/15/2010 (b)		13,000		13,066
Jefferies Group, Inc.
6.25% due 01/15/2036		300,000		297,977
John Deere Capital Corp., Series MTND
4.125% due 01/15/2010		39,000		37,554
JP Morgan Chase & Company
6.75% due 02/01/2011 (a)		218,000		231,580
JPMorgan Chase & Company
5.35% due 03/01/2007		9,000		9,017
Lehman Brothers Holdings, Inc., Series MTN
4.25% due 01/27/2010		285,000		275,355
MBNA Capital, Series B
5.48% due 02/01/2027 (b)		23,000		22,632
Metallurg Holdings, Inc.
10.50% due 10/01/2010		150,000		148,500
Midland Funding II, Series B
13.25% due 07/23/2006		509,438		521,727
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049		420,000		451,500
Morgan Stanley
4.25% due 05/15/2010 (a)		232,000		222,877
NiSource Finance Corp.
6.15% due 03/01/2013 (a)		219,000		226,661
7.875% due 11/15/2010		216,000		236,859
Noble Group Ltd.
6.625% due 03/17/2015		250,000		228,811
Nuveen Investments, Inc., Class A
5.50% due 09/15/2015		29,000		28,328
Popular North America, Inc.
4.70% due 06/30/2009		12,000		11,726
Popular North America, Inc., Series MTNE
6.125% due 10/15/2006		14,000		14,070
Reliastar Financial Corp.
6.50% due 11/15/2008		14,000		14,408

The accompanying notes are an integral part of the financial statements. 118

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Residential Capital Corp.
6.875% due 06/30/2015 (a)	$	241,000	$	252,883
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)		400,000		391,726
SLM Corp., Series MTNA
5.00% due 04/15/2015		27,000		26,073
St. George Funding Company LLC
zero coupon, Step up to 8.985% on
06/30/2017 due 12/31/2049		270,000		289,797
State Street Institutional Capital A
7.94% due 12/30/2026 (c)		160,000		168,834
The Goldman Sachs Group, Inc.
5.125% due 01/15/2015		247,000		241,290
5.25% due 04/01/2013		224,000		222,443
5.35% due 01/15/2016		335,000		331,466
Trinity Industries Leasing Companies
7.755% due 02/15/2009		310,089		316,290
Waddell & Reed Financial, Inc.
5.60% due 01/15/2011		400,000		396,560
Westfield Capital Corp, Ltd.
4.375% due 11/15/2010		214,000		205,235
				13,969,181
Food & Beverages - 0.58%
Ahold Lease USA, Inc., Series A-1
7.82% due 01/02/2020		465,809		498,415
American Seafoods Group LLC
10.125% due 04/15/2010		315,000		333,113
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon, Step up to 11.5% on
11/01/2008 due 11/01/2011		45,000		36,112
Corn Products International, Inc.
8.45% due 08/15/2009		350,000		381,105
Kellogg Company, Series B
6.60% due 04/01/2011		209,000		220,740
Kraft Foods, Inc.
5.625% due 11/01/2011		219,000		221,747
Nabisco, Inc.
7.05% due 07/15/2007		8,000		8,172
7.55% due 06/15/2015 (a)		229,000		264,550
Panamerican Beverages, Inc.
7.25% due 07/01/2009		95,000		99,750
Smithfield Foods., Inc.
7.00% due 08/01/2011		18,000		18,225
Tate & Lyle International Finance PLC
5.00% due 11/15/2014		208,000		195,425
				2,277,354
Forest Products - 0.00%
Weyerhaeuser Company
6.125% due 03/15/2007		5,000		5,029
Gas & Pipeline Utilities - 0.62%
Atlas Pipeline Partners LP
8.125% due 12/15/2015		75,000		78,000
Dynegy-Roseton Danskammer
7.67% due 11/08/2016		225,000		231,029

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
Energy Transfer Partners LP
5.95% due 02/01/2015	$	365,000	$	366,479
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		208,000		198,737
7.30% due 08/15/2033		212,000		242,256
Kinder Morgan Finance Company ULC
6.40% due 01/05/2036		965,000		995,404
Magellan Midstream Partners LP
6.45% due 06/01/2014		305,000		321,899
Michigan Consolidated Gas Company
5.70% due 03/15/2033		14,000		13,796
				2,447,600
Healthcare Services - 0.30%
Coventry Health Care, Inc.
5.875% due 01/15/2012		225,000		224,719
UnitedHealth Group, Inc.
5.375% due 03/15/2016		240,000		240,271
5.80% due 03/15/2036		160,000		160,450
WellPoint, Inc.
3.50% due 09/01/2007		14,000		13,625
3.75% due 12/14/2007		10,000		9,752
5.00% due 12/15/2014		208,000		202,225
5.25% due 01/15/2016		320,000		315,618
				1,166,660
Holdings Companies/Conglomerates - 0.00%
SPI Electricity & Gas Australia Holdings Party Ltd.
6.15% due 11/15/2013		16,000		16,760
Homebuilders - 0.05%
Pulte Homes, Inc.
6.25% due 02/15/2013		210,000		213,079
Hotels & Restaurants - 0.19%
Hilton Hotels Corp.
8.25% due 02/15/2011		9,000		9,815
Hyatt Equities LLC
6.875% due 06/15/2007		360,000		364,587
Majestic Star LLC
9.75% due 01/15/2011		125,000		128,438
Marriott International, Inc.
4.625% due 06/15/2012		26,000		24,791
MTR Gaming Group, Inc., Series B
9.75% due 04/01/2010		220,000		235,675
				763,306
Household Products - 0.01%
RPM International, Inc.
6.25% due 12/15/2013		45,000		45,430
Industrial Machinery - 0.06%
Caterpillar, Inc.
7.25% due 09/15/2009		213,000		226,891
Industrials - 0.28%
Tyco International Group SA
6.875% due 01/15/2029		1,000,000		1,089,577

The accompanying notes are an integral part of the financial statements. 119

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance - 2.33%
ACE INA Holdings, Inc.
5.875% due 06/15/2014	$	303,000	$	310,236
Aetna, Inc.
7.375% due 03/01/2006		4,000		4,000
Allstate Corp.
5.55% due 05/09/2035		72,000		71,013
American International Group, Inc.
5.05% due 10/01/2015		350,000		339,243
AON Capital Trust A
8.205% due 01/01/2027		820,000		975,363
Assurant, Inc.
5.625% due 02/15/2014		209,000		209,064
6.75% due 02/15/2034		550,000		599,220
Cincinnati Financial Corp.
6.92% due 05/15/2028		960,000		1,077,101
CNA Financial Corp.
5.85% due 12/15/2014		333,000		329,113
Endurance Specialty Holdings Ltd.
7.00% due 07/15/2034 (a)		73,000		77,594
First American Corp.
7.55% due 04/01/2028		290,000		325,411
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013		8,000		7,547
Liberty Mutual Group, Inc.
6.50% due 03/15/2035		683,000		678,567
Liberty Mutual Insurance Company
7.697% due 10/15/2097		300,000		324,691
Markel Corp.
6.80% due 02/15/2013		325,000		338,146
7.35% due 08/15/2034		300,000		324,745
Marsh & McLennan Companies, Inc.
5.375% due 03/15/2007		16,000		15,980
5.375% due 07/15/2014 (a)		206,000		201,311
5.75% due 09/15/2015		238,000		238,340
Metlife, Inc.
5.70% due 06/15/2035		255,000		254,658
New York Life Insurance Company
5.875% due 05/15/2033		300,000		310,728
Odyssey Re Holdings Corp.
7.65% due 11/01/2013		15,000		15,802
Ohio Casualty Corp.
7.30% due 06/15/2014		215,000		228,397
Phoenix Life Insurance Company
7.15% due 12/15/2034		265,000		282,211
Provident Financing Trust I
7.405% due 03/15/2038		300,000		297,373
Prudential Financial, Inc.
4.75% due 04/01/2014		227,000		218,089
RenaissanceRe Holdings, Ltd.
7.00% due 07/15/2008		400,000		411,662
The Phoenix Companies, Inc.
6.675% due 02/16/2008		230,000		231,386
Travelers Property Casualty Corp.
6.375% due 03/15/2033		21,000		22,385
URC Holdings Corp.
7.875% due 06/30/2006		23,000		23,146

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
W.R. Berkley Corp.
6.15% due 08/15/2019	$	14,000	$	13,890
XL Capital, Ltd.
5.25% due 09/15/2014		214,000		205,882
Zurich Capital Trust I
8.376% due 06/01/2037		245,000		263,085
				9,225,379
International Oil - 0.27%
Delek & Avner-Yam Tethys Ltd.
5.326% due 08/01/2013		22,485		21,857
Newfield Exploration Company
8.375% due 08/15/2012		3,000		3,218
Pemex Project Funding Master Trust
5.791% due 06/15/2010 (b)		18,000		18,540
6.125% due 08/15/2008		13,000		13,234
9.125% due 10/13/2010		280,000		322,000
Ras Laffan Liquefied Natural Gas
3.437% due 09/15/2009		20,115		19,338
Ras Laffan LNG III
5.838% due 09/30/2027		250,000		248,177
Vintage Petroleum, Inc.
8.25% due 05/01/2012		400,000		428,000
				1,074,364
Internet Content - 0.13%
Cisco Systems, Inc.
5.50% due 02/22/2016		510,000		513,490
Leisure Time - 0.69%
AMC Entertainment, Inc.
9.50% due 02/01/2011		170,000		160,863
Boyd Gaming Corp.
7.125% due 02/01/2016		500,000		506,250
Caesars Entertainment, Inc.
7.00% due 04/15/2013		294,000		311,107
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		210,000		207,375
MGM Mirage, Inc.
6.00% due 10/01/2009		16,000		15,920
6.375% due 12/15/2011		212,000		212,530
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		208,000		209,300
Time Warner, Inc.
7.70% due 05/01/2032		864,000		995,033
Waterford Gaming, LLC
8.625% due 09/15/2012		105,000		111,169
				2,729,547
Liquor - 0.00%
Anheuser-Busch Companies, Inc.
6.50% due 02/01/2043		10,000		11,260
Medical-Hospitals - 0.17%
HCA, Inc.
6.375% due 01/15/2015		226,000		225,645
6.50% due 02/15/2016		200,000		199,311
7.875% due 02/01/2011		208,000		222,260

The accompanying notes are an integral part of the financial statements. 120

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
Manor Care, Inc.
6.25% due 05/01/2013	$	25,000	$	25,271
				672,487
Metal & Metal Products - 0.11%
Alcan, Inc.
5.00% due 06/01/2015		6,000		5,797
Inco Ltd.
7.75% due 05/15/2012		234,000		259,788
Vedanta Resources PLC
6.625% due 02/22/2010		160,000		156,485
				422,070
Mining - 0.05%
Corporacion Nacional del Cobre
5.50% due 10/15/2013		209,000		211,096
Paper - 0.05%
Norske Skogindustrier ASA
7.625% due 10/15/2011		34,000		35,696
Plum Creek Timberlands LP
5.875% due 11/15/2015		165,000		165,285
				200,981
Petroleum Services - 0.18%
Noram Energy Corp.
6.50% due 02/01/2008		280,000		285,484
Premcor Refining Group, Inc.
9.50% due 02/01/2013		150,000		167,002
Valero Logistics Operations LP
6.05% due 03/15/2013		248,000		254,445
				706,931
Pharmaceuticals - 0.29%
AmerisourceBergen Corp.
5.875% due 09/15/2015		39,000		39,248
Caremark Rx, Inc.
7.375% due 10/01/2006		255,000		257,954
Hospira, Inc.
5.90% due 06/15/2014		8,000		8,178
Medco Health Solutions, Inc.
7.25% due 08/15/2013		270,000		294,382
Schering Plough Corp.
5.55% due 12/01/2013 (b)		218,000		219,794
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016 (a)		170,000		168,752
6.15% due 02/01/2036		170,000		170,754
				1,159,062
Photography - 0.05%
Sotheby's Holdings, Inc.
6.875% due 02/01/2009		200,000		200,000
Real Estate - 1.79%
Boston Properties, Ltd., REIT
6.25% due 01/15/2013		215,000		224,186
Camden Property Trust, REIT
5.00% due 06/15/2015		216,000		206,247
Colonial Properties Trust, REIT
6.25% due 06/15/2014		211,000		216,048

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Colonial Realty LP
5.50% due 10/01/2015	$	231,000	$	224,223
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010		22,000		21,166
Duke Realty Corp., REIT
4.761% due 12/22/2006 (b)		368,000		368,395
Health Care Property Investors, Inc., REIT
7.50% due 01/15/2007		275,000		280,450
Health Care Property Investors, Inc., Series MTN,
REIT
4.875% due 09/15/2010 (a)		229,000		222,924
5.625% due 02/28/2013		520,000		518,371
Health Care REIT, Inc.
6.20% due 06/01/2016		520,000		519,921
Health Care, Inc., REIT
6.00% due 11/15/2013		215,000		212,669
Healthcare Realty Trust, Inc., REIT
8.125% due 05/01/2011		330,000		362,780
Hospitality Properties Trust, REIT
6.75% due 02/15/2013		612,000		644,906
iStar Financial, Inc., REIT
6.05% due 04/15/2015		20,000		20,320
iStar Financial, Inc., Series 1, REIT
5.875% due 03/15/2016		730,000		730,757
Price, Inc., REIT
7.50% due 11/05/2006		9,000		9,140
Prologis, REIT
7.05% due 07/15/2006		25,000		25,127
Residential Capital Corp.
6.00% due 02/22/2011 (a)		630,000		625,978
Rouse Company
3.625% due 03/15/2009		645,000		601,088
Rouse Company, REIT
5.375% due 11/26/2013		209,000		198,143
Simon Property Group LP, REIT
5.75% due 12/01/2015		530,000		535,126
Socgen Real Estate Company LLC
7.64% due 12/29/2049 (b)		264,000		272,679
Spieker Properties LP, REIT
7.125% due 12/01/2006		35,000		35,417
				7,076,061
Retail - 0.03%
JC Penney Corp., Inc.
8.125% due 04/01/2027		110,000		115,225
Retail Grocery - 0.06%
Delhaize America, Inc.
9.00% due 04/15/2031		200,000		238,670
The Kroger Company
7.50% due 04/01/2031		10,000		11,323
				249,993
Retail Trade - 0.07%
J.C. Penney Company, Inc.
7.95% due 04/01/2017		235,000		275,497

The accompanying notes are an integral part of the financial statements. 121

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.62%
Citizens Communications Company
9.00% due 08/15/2031	$	61,000	$	64,812
Corning, Inc.
6.05% due 06/15/2015		210,000		206,415
Corning, Inc., Series MTN
8.30% due 04/04/2025		520,000		539,348
Deutsche Telekom International Finance BV
6.625% due 07/11/2011	EUR	1,000		1,348
8.00% due 06/15/2010	$	222,000		244,040
8.25% due 06/15/2030		227,000		285,420
France Telecom SA
8.00% due 03/01/2011		20,000		22,051
8.50% due 03/01/2031 (b)		220,000		288,763
Innova S de R.L.
9.375% due 09/19/2013		215,000		238,650
Intelsat, Ltd.
9.614% due 01/15/2012 (b)		100,000		102,000
SBC Communications, Inc.
4.125% due 09/15/2009		207,000		199,375
5.10% due 09/15/2014		16,000		15,540
5.625% due 06/15/2016		12,000		11,997
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011		9,000		9,472
Verizon Global Funding Corp.
5.85% due 09/15/2035		230,000		217,163
				2,446,394
Telephone - 1.03%
AT&T Corp.
9.75%, Step down to 8.0% on 05/15/2006
due 11/15/2031 (b)		435,000		544,283
BellSouth Corp.
4.20% due 09/15/2009		212,000		205,028
6.00% due 11/15/2034		820,000		809,193
Sprint Capital Corp.
6.125% due 11/15/2008		216,000		220,778
6.375% due 05/01/2009		212,000		218,150
6.875% due 11/15/2028		242,000		263,693
8.375% due 03/15/2012		207,000		237,806
8.75% due 03/15/2032		632,000		830,150
Telecom Italia Capital SA
4.00% due 01/15/2010		215,000		203,383
4.00% due 11/15/2008		169,000		163,192
Telecomunicaciones de Puerto Rico, Inc.
6.65% due 05/15/2006		75,000		75,182
Verizon Communications, Inc.
5.55% due 02/15/2016		300,000		297,798
Verizon, New York, Inc.
6.875% due 04/01/2012		15,000		15,700
				4,084,336
Tobacco - 0.00%
Altria Group, Inc.
7.00% due 11/04/2013		6,000		6,518

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Transportation - 0.10%
CMA CGM SA
7.25% due 02/01/2013	$	355,000	$	359,824
CSX Corp.
4.99% due 08/03/2006 (b)		17,000		17,018
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		2,000		2,132
				378,974
Utility Service - 0.00%
Public Service Company of New Mexico
4.40% due 09/15/2008		13,000		12,659
TOTAL CORPORATE BONDS (Cost $83,215,775)			$	83,481,092
COLLATERALIZED MORTGAGE
OBLIGATIONS - 11.94%
American Home Mortgage Investment Trust,
Series 2005-2, Class 4A1
5.66% due 09/25/2045		4,209		4,223
American Home Mortgage Investment Trust,
Series 2005-4, Class 5A
5.35% due 11/25/2045		834,611		827,067
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class A3
4.128% due 07/10/2042		32,284		31,227
Banc of America Commercial Mortgage, Inc.,
Series 2005-2, Class AJ
4.953% due 07/10/2043 (b)		50,846		49,232
Banc of America Commercial Mortgage, Inc.,
Series 2005-4, Class A5A
4.933% due 07/10/2045		245,000		238,569
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.182% due 09/10/2047 (b)		470,000		468,230
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class H
5.182% due 09/10/2047 (b)		350,000		331,882
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class AM
5.421% due 09/10/2045		1,600,000		1,608,079
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class XC
5.421% IO due 09/10/2045		52,842,323		359,309
Banc of America Funding Corp., Series 2006-B,
Class 6A1
5.904% due 03/20/2036 (b)		615,000		617,282
Banc of America Large Loan,
Series 2005-MIB1, Class B
4.83% due 03/15/2022 (b)		895,000		894,719
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		14,936		14,853
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-12, Class 2A1
4.499% due 02/25/2035 (b)		1,989		1,945
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-12, Class 22A1
5.759% due 02/25/2036 (b)		572,978		576,716

The accompanying notes are an integral part of the financial statements. 122

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Alt-A Trust, Series 2006-1,
Class 23A1
5.695% due 02/25/2036 (b)	$	590,000	$	592,489
Bear Stearns Asset Backed Securities, Inc.,
Series 2003-AC4, Class A
5.00% due 09/25/2033		15,210		14,773
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR5, Class X1
0.076% IO due 07/11/2042		493,831		10,206
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-T16, Class X1
0.087% IO due 02/13/2046 (b)		592,703		11,533
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		47,292		44,944
Bear Stearns Commercial Mortgage Securities,
Series 2005-T20, Class A4A
5.156% due 10/12/2042 (b)		260,000		258,759
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		29,619		32,538
Chaseflex Trust, Series 2005-2, Class 4A1
5.00% due 05/25/2020		388,216		381,222
Citicorp Mortgage Securities, Inc., Series 2005-5,
Class 2A3
5.00% due 08/25/2020		757,398		741,885
Citigroup Mortgage Loan Trust Inc.,
Series 2005-10, Class 1A5A
5.911% due 12/25/2035 (b)		568,203		570,070
Citigroup Mortgage Loan Trust, Inc., Series 2005-5,
Class 2A3
5.00% due 08/25/2035		373,785		368,310
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class C
5.225% due 09/15/2020		145,000		143,621
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class J
5.224% due 09/15/2020		74,000		67,617
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class A4
5.224% due 09/15/2020		360,000		360,273
Citigroup/Deutsche Bank Commercial Mortgage,
Series 2006-CD2, Class AM
5.592% due 01/15/2046		1,000,000		1,004,926
Commercial Mortgage Acceptance Corp.,
Series 1999-C1, Class A1
6.79% due 06/15/2031		177		176
Commercial Mortgage Pass Through Certificates,
Series 2006-CN2A, Class H
5.57% due 02/05/2019 (b)		380,000		377,610
Commercial Mortgage Pass-Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		49,859		46,268
Commercial Mortgage Pass-Through Certificates,
Series 2005-C6, Class B
5.226% due 06/10/2044 (b)		49,365		48,780

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial Mortgage Pass-Through Certificates,
Series 2005-C6, Class G
5.459% due 06/10/2044	$	25,000	$	23,764
Commercial Mortgage Pass-Through Certificates,
Series 2005-C6, Class XC1
0.04% IO due 06/10/2044		6,844,271		46,314
Commercial Mortgage Pass-Through Certificates,
Series 2005-FL11, Class AJ
4.77% due 11/15/2017 (b)		595,000		594,670
Countrywide Alternative Loan Trust,
Series 2004-24CB, Class 1A1
6.00% due 11/25/2034		29,229		29,302
Countrywide Alternative Loan Trust,
Series 2005-J1, Class 3A1
6.50% due 08/25/2032		168,411		171,095
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB2, Class 4A
4.555% due 07/20/2034 (b)		1,993,057		1,959,618
Countrywide Home Loans, Series 2005-6,
Class 2A1
5.50% due 04/25/2035		322,686		316,087
Crown Castle Towers LLC,
Series 2005-1A, Class AFX
4.643% due 06/15/2035		305,000		296,713
Crown Castle Towers LLC,
Series 2005-1A, Class D
5.612% due 06/15/2035		220,000		214,336
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		19,811		20,108
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		34,555		34,851
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		32,087		33,404
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		19,746		20,589
CS First Boston Mortgage Securities Corp.,
Series 2003-25, Class 2A1
4.50% due 10/25/2018		282,247		271,924
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		10,860		10,353
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 1A1
5.00% due 07/25/2020		355,199		345,100
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.047% IO due 02/15/2038 (b)		1,192,260		14,179
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class F
4.821% due 02/15/2038		20,000		18,473
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037 (b)		58,053		56,019

The accompanying notes are an integral part of the financial statements. 123

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
CS First Boston Mortgage Securities Corp.,
Series 2005-C4, Class F
5.392% due 08/15/2038 (b)	$	50,000	$	48,162
CS First Boston Mortgage Securities Corp.,
Series 2005-C4, Class G
5.392% due 08/15/2038 (b)		40,000		38,257
Federal Home Loan Mortgage Corp.,
Series 2003-2640, Class WA
3.50% due 03/15/2033		9,618		9,221
Federal Home Loan Mortgage Corp.,
Series 2005-3019, Class MD
4.75% due 01/15/2031		2,771,255		2,730,235
Federal Home Loan Mortgage Corp.,
Series 2005-3033, Class JH
5.00% due 06/15/2032		99,234		97,650
Federal Home Loan Mortgage Corp.,
Series 2005-3046, Class BC
5.00% due 08/15/2023		2,905,536		2,869,151
Federal Home Loan Mortgage Corp., Series MTN
4.875% due 10/04/2010		90,000		89,368
Federal National Mortgage Association Whole
Loan, Series 2002-W3, Class A5
7.50% due 01/25/2028		12,521		13,025
Federal National Mortgage Association,
Series 2003-18, Class EX
4.00% due 06/25/2017		2,318,323		2,239,114
Federal National Mortgage Association,
Series 2003-33, Class AC
4.25% due 03/25/2033		7,747		7,442
Federal National Mortgage Association,
Series 2003-49, Class JE
3.00% due 04/25/2033		53,151		47,609
Federal National Mortgage Association,
Series 2003-58, Class AD
3.25% due 07/25/2033		25,321		23,240
Federal National Mortgage Association,
Series 2003-63, Class PE
3.50% due 07/25/2033		19,100		17,512
FHLMC Structured Pass Through Securities,
Series T-41, Class 3A
7.50% due 07/25/2032		6,428		6,679
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		33,971		34,473
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		13,136		13,248
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		22,214		23,104
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		14,809		14,899
GE Capital Commercial Mortgage Corp.,
Series 2005-C1, Class XC
0.041% IO due 06/10/2048 (b)		1,735,796		21,895

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043 (b)	$	43,737	$	42,765
GE Capital Commercial Mortgage Corp.,
Series 2005-C4, Class H
5.334% due 11/10/2045 (b)		450,000		428,644
Global Signal Trust, Series 2004-1A, Class D
5.098% due 01/15/2034		450,000		450,000
Global Signal Trust, Series 2004-2A, Class D
5.093% due 12/15/2014		180,000		175,570
Global Signal Trust, Series 2006-1, Class E
6.495% due 02/15/2036		210,000		210,000
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C1, Class A1
5.988% due 04/15/2034		56,839		56,818
GMAC Commercial Mortgage Securities, Inc.,
Series 2002-C1, Class A1
5.785% due 11/15/2039		279,958		282,857
GMAC Commercial Mortgage Securities, Inc.,
Series 2006-C1, Class AJ
5.349% due 11/10/2045 (b)		945,000		941,751
GMAC Mortgage Corp. Loan Trust,
Series 2006-AR1, Class 2A1
5.667% due 04/19/2036 (b)		605,000		605,000
Government National Mortgage Association,
Series 2003-42, Class XA
3.75% due 05/16/2033		5,976		5,611
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		45,126		43,827
Greenwich Capital Commercial Funding Corp.,
Series 2003-C2, Class A2
4.022% due 01/05/2036		50,000		48,309
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG5, Class A2
5.117% due 04/10/2037		705,000		702,073
GS Mortgage Securities Corp II, Series 2005-GG4,
Class E
5.078% due 07/10/2039 (b)		52,919		50,834
GS Mortgage Securities Corp II, Series 2005-GG4,
Class XC
0.105% IO due 07/10/2039 (b)		2,095,108		40,999
GSR Mortgage Loan Trust, Series 2004-9, Class B1
4.518% due 08/25/2034 (b)		376,056		370,706
GSR Mortgage Loan Trust, Series 2005-5F,
Class 6A1
5.00% due 05/25/2020		376,260		366,937
GSR Mortgage Loan Trust, Series 2005-8F,
Class 6A1
4.50% due 10/25/2020		404,004		391,244
GSR Mortgage Loan Trust, Series 2006-AR1,
Class 3A1
5.436% due 01/25/2036 (b)		940,000		938,617
IndyMac Index Mortgage Loan Trust,
Series 2005-AR5, Class B1
5.431% due 05/25/2035 (b)		134,499		135,314

The accompanying notes are an integral part of the financial statements. 124

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Alternative Loan Trust
6.09% due 02/01/2036	$	740,000	$	746,157
JP Morgan Alternative Loan Trust, Series 2006-A1,
Class 4A1
6.092% due 03/25/2036 (b)		740,000		746,157
JP Morgan Mortgage Trust, Series 2005-S3,
Class 2A2
5.50% due 01/25/2021		576,740		572,484
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		51,734		52,068
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		14,809		14,357
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP2, Class E
4.981% due 07/15/2042 (b)		30,705		29,464
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class A4B
4.996% due 08/15/2042 (b)		515,000		501,846
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class B
5.129% due 10/15/2042 (b)		145,000		141,214
JPMorgan Mortgage Trust, Series 2005-A2,
Class 1A1
4.768% due 04/25/2035 (b)		4,987		4,932
JPMorgan Mortgage Trust, Series 2005-S2,
Class 2A16
6.50% due 09/25/2035		316,667		325,097
LB-UBS Commercial Mortgage Trust,
Series 2002-C1, Class A4
6.462% due 03/15/2031		29,619		31,495
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class XCL
0.148% IO due 02/15/2040 (b)		746,315		15,903
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class AJ
4.843% due 07/15/2040		40,874		39,163
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 07/15/2040 (b)		25,472		24,418
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		58,053		57,292
Lehman Mortgage Trust, Series 2005-1, Class 6A1
5.00% due 11/25/2020		527,737		516,585
Merrill Lynch Mortgage Trust, Series 2004-BPB1,
Class XC
0.058% IO due 09/12/2041		500,000		9,811
Merrill Lynch Mortgage Trust, Series 2004-KEY2,
Class A4
4.864% due 08/12/2039 (b)		31,988		30,976
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.041% IO due 07/12/2038		5,600,000		36,113

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Merrill Lynch Mortgage Trust, Series 2005-CKI1,
Class A6
5.245% due 11/12/2037 (b)	$	435,000	$	435,370
Merrill Lynch Mortgage Trust, Series 2005-LC1,
Class G
5.377% due 01/12/2044		450,000		427,102
MLCC Mortgage Investors, Inc., Series 2004-1,
Class 2A1
4.737% due 12/25/2034 (b)		1,201		1,183
Morgan Stanley Capital I
0.05% IO due 07/15/2056 (b)		700,000		19,758
Morgan Stanley Capital I, Series 2004-T13, Class A2
3.94% due 09/13/2045		27,150		25,913
Morgan Stanley Capital I, Series 2005-HQ7,
Class A2
5.205% due 11/14/2042 (b)		415,000		414,142
Morgan Stanley Capital I, Series 2005-HQ7,
Class A4
5.205% due 11/14/2042 (b)		415,000		414,495
Morgan Stanley Capital I, Series 2005-IQ10,
Class A4A
5.23% due 09/15/2042 (b)		675,000		670,871
Morgan Stanley Capital I, Series 2005-T17, Class X1
0.069% IO due 12/13/2041 (b)		1,488,345		22,257
Morgan Stanley Capital I, Series 2006-T21, Class X
0.153% IO due 10/12/2052 (b)		20,543,000		318,634
Morgan Stanley Mortgage Loan Trust,
Series 2006-3AR, Class 3A1
6.119% due 03/25/2036 (b)		820,000		826,630
Prime Mortgage Trust, Series 2005-2, Class 1A2
5.00% due 07/25/2020		893,526		877,099
Residential Accredit Loans, Inc.,
Series 2005-QA12, Class NB5
6.020% due 12/25/2035 (b)		573,790		579,259
Residential Accredit Loans, Inc., Series 2006-QA1,
Class A31
6.305% due 01/25/2036 (b)		799,456		808,075
Residential Accredit Loans, Inc., Series 2006-QO2,
Class A2
4.875% due 02/25/2046 (b)		1,500,000		1,500,000
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		12,045		12,608
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A2
6.226% due 12/18/2035		21,439		21,632
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		24,682		25,792
SBA CMBS Trust, Series 2005-1A, Class A
5.369% due 11/15/2035		200,000		199,422
SBA CMBS Trust, Series 2005-1A, Class B
5.565% due 11/15/2035		200,000		199,743
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035		397,000		396,790
Sequoia Mortgage Trust, Series 2005-3, Class A1
4.77% due 05/20/2035 (b)		18,774		18,770

The accompanying notes are an integral part of the financial statements. 125

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C10, Class A3
4.39% due 02/15/2041	$	39,492	$	37,758
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.041% IO due 03/15/2042 (b)		1,003,060		9,033
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class A5
4.661% due 05/15/2044		66,742		64,212
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class AJ
4.793% due 05/15/2044		37,517		35,790
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2005-6,
Class 1CB
6.50% due 08/25/2035		255,143		259,130
Washington Mutual, Inc., Series 2005-1, Class 6A1
6.50% due 03/25/2035		24,947		25,197
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-7, Class 2A2
5.00% due 07/25/2019		373,873		367,330
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 2A1
4.945% due 10/25/2035 (b)		4,131,679		4,100,339
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 3A1
4.947% due 03/25/2035 (b)		38,933		38,800
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $47,723,327)			$	47,257,058
ASSET BACKED SECURITIES - 2.21%
Amresco Residential Securities Mortgage Loan
Trust, Series 1998-1, Class A6
6.51% due 08/25/2027		3,921		3,910
Argent Securities, Inc., Series 2004-W1, Class M3
6.031% due 03/25/2034 (b)		31,593		31,905
Bank One Issuance Trust, Series 2003-C1,
Class C1
4.54% due 09/15/2010		10,000		9,873
California Infrastructure Development PG&E-1,
Series 1997-1, Class A7
6.42% due 09/25/2008		4,994		5,017
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
5.04% due 03/20/2050 (b)		400,000		400,406
Citibank Credit Card Issuance Trust,
Series 2003-C3, Class C3
4.45% due 04/07/2010		11,000		10,826
Continental Airlines Inc., Series 00-2
7.707% due 04/02/2021		297,092		307,664
Continental Airlines Inc., Series 991A
6.545% due 02/02/2019		176,635		178,064
Countrywide Asset-Backed Certificates,
Series 2004-10, Class AF3
3.842% due 10/25/2030 (b)		37,231		37,006
Countrywide Asset-Backed Certificates,
Series 2004-12, Class 2AV2
4.861% due 09/25/2033 (b)		21,490		21,507

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035	$	1,000,000	$	995,313
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036		1,250,000		1,249,963
Equity One ABS, Inc., Series 2004-2, Class AV2
4.831% due 07/25/2034 (b)		5,102		5,108
Home Equity Mortgage Trust,
Series 2005-3, Class A1
4.821% due 11/25/2035 (b)		54,212		54,210
LNR CDO Ltd., Series 2006-1A, Class 3C7
4.96% due 05/25/2043		700,000		700,000
Morgan Stanley ABS Capital I,
Series 2004-OP1, Class A2B
4.871% due 11/25/2034 (b)		29,619		29,648
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
4.72% due 12/25/2050		570,000		570,000
Onyx Acceptance Auto Trust,
Series 2002-C, Class A4
4.07% due 04/15/2009		5,493		5,493
Ownit Mortgage Loan Asset Backed Certificates,
Series 2006-1, Class AF2
5.29 due 12/25/2036		1,050,000		1,044,586
Peco Energy Transition Trust,
Series 1999-A, Class A7
6.13% due 03/01/2009		28,000		28,530
PG&E Energy Recovery Funding LLC,
Series 2005-1, Class A3
4.14% due 09/25/2012		22,000		21,404
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.982% due 09/25/2035 (b)		65,162		64,262
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.349% due 01/25/2036 (b)		900,000		896,934
Renaissance Home Equity Loan Trust,
Series 2004-4, Class AF2
3.856% due 02/25/2035		45,000		44,617
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF3
4.499% due 08/25/2035		210,000		205,541
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF4
4.934% due 08/25/2035		230,000		222,991
Renaissance Home Equity Loan Trust,
Series 2005-4, Class A2
5.399% due 02/25/2036		1,000,000		997,212
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		32,276		31,995
Residential Asset Mortgage Products, Inc.,
Series 2003-RS10, Class AI5
4.91% due 01/25/2031		30,000		29,813
Sail Net Interest Margin Notes, Series 2005-6A,
Class A
4.75% due 07/27/2035		344,384		342,205

The accompanying notes are an integral part of the financial statements. 126

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Active Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Specialty Underwriting & Residential Finance,
Series 2003-BC4, Class A3B
4.788% due 11/25/2034	$	28,504	$	28,201
Specialty Underwriting & Residential Finance,
Series 2004-BC4, Class A2B
4.891% due 10/25/2035 (b)		34,555		34,625
Structured Asset Investment Loan Trust,
Series 2004-8, Class A13
4.881% due 09/25/2034 (b)		46,106		46,135
Structured Asset Investment Loan Trust,
Series 2004-8, Class A7
4.881% due 09/25/2034 (b)		29,619		29,643
USAA Auto Owner Trust, Series 2004-3, Class A3
3.16% due 02/17/2009		28,000		27,652
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 11/25/2028 (b)		49,000		47,900
TOTAL ASSET BACKED SECURITIES
(Cost $8,773,420)			$	8,760,159
SUPRANATIONAL OBLIGATIONS - 0.06%
Honduras - 0.00%
Central American Bank for Economic Integration
6.75% due 04/15/2013		12,000		12,658
Venezuela - 0.06%
Corporacion Andina de Fomento
5.20% due 05/21/2013		214,000		211,238
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $227,516)			$	223,896
SHORT TERM INVESTMENTS - 16.97%
State Street Global Advisers Funds (c)	$	3,196,892	$	3,196,892
State Street Navigator Securities Lending
Prime Portfolio (c)		63,952,895		63,952,895
TOTAL SHORT TERM INVESTMENTS
(Cost $67,149,787)			$	67,149,787
REPURCHASE AGREEMENTS - 21.39%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$84,644,523 on 03/01/2006,
collateralized by $81,430,000
Federal Home Loan Mortgage
Corporation (valued at
$81,430,681, including interest)
and by $545,000 Federal Home
Loan Bank (valued at $543,725,
including interest) and by
4,620,000 Federal National
Mortgage Association (valued at
4,359,539, including interest). (c)	$	84,637,000	$	84,637,000
TOTAL REPURCHASE AGREEMENTS
(Cost $84,637,000)			$	84,637,000

Total Investments (Active Bond Fund)
(Cost $542,165,602) - 137.05%		$	542,267,006
Liabilities in Excess of Other Assets - (37.05)%			(146,589,922)
TOTAL NET ASSETS - 100.00%		$	395,677,084
All Cap Growth Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.82%
Aerospace - 3.62%
Boeing Company	21,661	$	1,574,538
General Dynamics Corp.	9,190		1,132,851
Textron, Inc.	28,273		2,491,134
			5,198,523
Agriculture - 0.77%
Monsanto Company	13,200		1,107,216
Banking - 0.61%
Kookmin Bank, ADR	11,510		871,882
Biotechnology - 1.57%
Amgen, Inc. *	9,670		729,988
Cephalon, Inc. * (a)	10,500		834,540
Genentech, Inc. *	8,113		695,203
			2,259,731
Business Services - 1.44%
Electronic Data Systems Corp.	26,256		701,035
Robert Half International, Inc.	38,071		1,367,511
			2,068,546
Computers & Business Equipment - 6.74%
Apple Computer, Inc. *	52,512		3,599,172
Cisco Systems, Inc. *	138,501		2,803,260
Dell, Inc. *	36,759		1,066,011
EMC Corp. *	157,537		2,208,669
			9,677,112
Construction & Mining Equipment - 1.07%
National Oilwell, Inc. *	25,273		1,538,620
Cosmetics & Toiletries - 1.01%
Procter & Gamble Company	24,287		1,455,520
Crude Petroleum & Natural Gas - 3.06%
Apache Corp.	14,618		978,237
Devon Energy Corp.	19,491		1,142,757
Newfield Exploration Company *	14,618		564,986
Occidental Petroleum Corp.	18,700		1,711,798
			4,397,778
Drugs & Health Care - 0.59%
Wyeth	16,877		840,475
Electrical Equipment - 1.55%
Emerson Electric Company	19,692		1,611,003
Wesco International, Inc. *	10,785		618,196
			2,229,199
Electronics - 2.87%
Agilent Technologies, Inc. *	26,256		945,216
Garmin, Ltd. (a)	13,128		903,469
Harman International Industries, Inc.	13,128		1,448,675
Matsushita Electric Industrial Co., Ltd., ADR	4,034		85,158

The accompanying notes are an integral part of the financial statements. 127

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

All Cap Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Matsushita Electric Industrial Company, Ltd.	34,419	$	736,902
			4,119,420
Financial Services - 6.16%
Charles Schwab Corp.	116,840		1,893,977
Chicago Merchantile Exchange Holdings, Inc.	1,382		588,179
Franklin Resources, Inc.	7,309		750,488
Goldman Sachs Group, Inc.	14,441		2,040,369
Janus Capital Group, Inc.	25,000		548,250
Merrill Lynch & Company, Inc.	20,349		1,571,146
SLM Corp.	25,600		1,444,096
			8,836,505
Food & Beverages - 1.12%
Kellogg Company	15,155		671,518
PepsiCo, Inc.	15,754		931,219
			1,602,737
Healthcare Products - 4.72%
Alcon, Inc.	17,786		2,048,236
Johnson & Johnson	18,000		1,037,700
Medtronic, Inc.	18,000		971,100
St. Jude Medical, Inc. *	26,256		1,197,274
Varian Medical Systems, Inc. *	26,256		1,519,697
			6,774,007
Healthcare Services - 2.58%
Omnicare, Inc.	22,318		1,358,050
UnitedHealth Group, Inc.	12,000		698,760
Wellpoint, Inc. *	21,500		1,650,985
			3,707,795
Industrial Machinery - 1.84%
Caterpillar, Inc.	7,220		527,638
Komatsu, Ltd.	49,230		886,127
Parker-Hannifin Corp.	15,754		1,231,490
			2,645,255
Industrials - 1.80%
ABB, Ltd. *	134,000		1,604,423
Mitsui O.S.K. Lines, Ltd.	131,440		972,453
			2,576,876
Insurance - 6.65%
Aetna, Inc.	65,640		3,347,640
Allstate Corp.	26,256		1,438,304
Assurant, Inc.	22,974		1,043,020
CIGNA Corp.	18,816		2,309,664
Millea Holdings, Inc.	47		969,741
Mitsui Sumitomo Insurance Company, Ltd.	32,900		440,238
			9,548,607
Internet Retail - 1.48%
eBay, Inc. *	53,169		2,129,950
Internet Service Provider - 3.36%
Google, Inc., Class A *	7,250		2,628,995
Redback Networks, Inc. * (a)	28,448		539,090

All Cap Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Service Provider
(continued)
Yahoo!, Inc. *	51,586	$	1,653,847
			4,821,932
Leisure Time - 0.86%
Electronic Arts, Inc. *	23,631		1,228,103
Manufacturing - 0.66%
Rockwell Automation, Inc.	13,784		939,655
Metal & Metal Products - 1.33%
Companhia Vale Do Rio Doce, ADR	23,200		1,077,176
Precision Castparts Corp.	15,754		835,592
			1,912,768
Mining - 2.49%
BHP Billiton, Ltd. (a)	20,000		721,800
Joy Global, Inc.	21,005		1,083,018
Phelps Dodge Corp.	7,877		1,087,026
Rio Tinto PLC	14,500		681,565
			3,573,409
Office Furnishings & Supplies - 1.76%
Office Depot, Inc. *	70,892		2,529,427
Petroleum Services - 2.80%
Baker Hughes, Inc.	18,000		1,223,460
ENSCO International, Inc.	25,500		1,139,595
GlobalSantaFe Corp.	16,400		907,576
Valero Energy Corp.	14,000		753,060
			4,023,691
Pharmaceuticals - 6.13%
Allergan, Inc.	7,220		781,638
Caremark Rx, Inc. *	36,759		1,828,760
Gilead Sciences, Inc. *	32,311		2,012,006
Medicis Pharmaceutical Corp., Class A	19,849		564,506
PDL BioPharma, Inc. * (a)	26,256		822,075
Roche Holdings AG - CHF	11,089		1,639,777
Teva Pharmaceutical Industries, Ltd., SADR	27,288		1,145,823
			8,794,585
Railroads & Equipment - 1.47%
Burlington Northern Santa Fe Corp.	26,913		2,116,438
Retail Trade - 6.31%
AnnTaylor Stores Corp. *	23,631		857,805
Best Buy Company, Inc.	15,000		807,900
Chico's FAS, Inc. *	17,723		833,867
Federated Department Stores, Inc.	21,661		1,538,798
Home Depot, Inc.	34,133		1,438,706
J.C. Penney Company, Inc.	15,097		885,288
Target Corp.	24,943		1,356,899
Tiffany & Co.	36,234		1,345,369
			9,064,632
Semiconductors - 9.75%
Analog Devices, Inc.	72,204		2,753,861
ASML Holding NV *	53,169		1,099,535

The accompanying notes are an integral part of the financial statements. 128

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

All Cap Growth Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Freescale Semiconductor, Inc., Class B *		82,707	$	2,236,397
Integrated Device Technology, Inc. *		41,905		622,289
KLA-Tencor Corp.		17,067		891,409
Marvell Technology Group, Ltd. *		30,090		1,842,110
Microchip Technology, Inc.		78,770		2,772,704
NVIDIA Corp. *		17,723		835,285
PMC-Sierra, Inc. * (a)		93,089		950,439
				14,004,029
Software - 2.26%
BEA Systems, Inc. *		45,000		516,150
Hyperion Solutions Corp. *		17,723		594,607
Microsoft Corp.		40,697		1,094,749
Red Hat, Inc. *		38,500		1,034,495
				3,240,001
Telecommunications Equipment &
Services - 5.84%
Amdocs, Ltd. *		76,000		2,517,120
Nokia Oyj, SADR		105,025		1,951,364
QUALCOMM, Inc.		60,389		2,850,965
Tellabs, Inc. *		72,224		1,060,971
				8,380,420
Telephone - 0.52%
Harris Corp.		16,410		749,609
Travel Services - 0.52%
American Express Company		13,888		748,285
Trucking & Freight - 0.51%
Oshkosh Truck Corp.		13,000		737,490
TOTAL COMMON STOCKS (Cost $128,103,120)			$	140,450,228
SHORT TERM INVESTMENTS - 2.96%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	4,252,196	$	4,252,196
TOTAL SHORT TERM INVESTMENTS
(Cost $4,252,196)			$	4,252,196
REPURCHASE AGREEMENTS - 2.35%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
4.250% to be repurchased at
$3,367,397 on 03/01/2006,
collateralized by $3,595,000
Federal National Mortgage
Association, 3.25% due 2/15/2009
(valued at $3,435,759, including
interest) (c)	$	3,367,000	$	3,367,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,367,000)			$	3,367,000
Total Investments (All Cap Growth Fund)
(Cost $135,722,316) - 103.13%			$	148,069,424
Liabilities in Excess of Other Assets - (3.13)%				(4,495,586)
TOTAL NET ASSETS - 100.00%			$	143,573,838

All Cap Value Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.47%
Advertising - 0.11%
The Interpublic Group of Companies, Inc. *	21,120	$	218,803
Aerospace - 0.38%
Moog, Inc., Class A * (a)	12,487		419,064
Woodward Governor Company	9,333		300,056
			719,120
Agriculture - 1.53%
Archer-Daniels-Midland Company	91,803		2,911,991
Air Travel - 0.15%
Frontier Airlines, Inc. * (a)	40,052		288,374
Apparel & Textiles - 0.93%
Timberland Company, Class A *	10,800		378,540
VF Corp.	25,581		1,401,839
			1,780,379
Auto Parts - 1.10%
American Axle & Manufacturing Holdings, Inc. (a)	6,600		107,052
Autoliv, Inc.	24,800		1,328,040
Genuine Parts Company	14,913		663,927
			2,099,019
Automobiles - 0.10%
Tenneco, Inc. * (a)	8,300		187,995
Banking - 4.76%
Bank of America Corp.	20,557		942,539
Bank of New York Company, Inc.	57,509		1,969,108
Cullen Frost Bankers, Inc. (a)	55,135		3,039,041
Marshall & Ilsley Corp.	44,164		1,943,216
Webster Financial Corp.	25,335		1,194,545
			9,088,449
Building Materials & Construction - 1.26%
American Standard Companies, Inc.	11,400		451,212
Hughes Supply, Inc. (a)	42,299		1,956,329
			2,407,541
Business Services - 5.80%
Automatic Data Processing, Inc.	82,600		3,815,294
Cadence Design Systems, Inc. *	229,730		4,077,708
Jacobs Engineering Group, Inc. * (a)	7,479		641,249
R.R. Donnelley & Sons Company	75,515		2,541,835
			11,076,086
Cable and Television - 0.58%
Comcast Corp.-Special Class A *	41,337		1,105,765
Cellular Communications - 0.89%
Motorola, Inc.	79,493		1,701,150
Chemicals - 2.45%
Eastman Chemical Company	30,770		1,517,884
Praxair, Inc.	58,618		3,164,200
			4,682,084
Commercial Services - 0.19%
Shaw Group, Inc. * (a)	10,779		359,480

The accompanying notes are an integral part of the financial statements. 129

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

All Cap Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment - 0.43%
Sun Microsystems, Inc. *	195,900	$	816,903
Construction Materials - 2.16%
JLG Industries, Inc.	4,859		286,632
Simpson Manufacturing, Inc. (a)	16,819		657,455
Trinity Industries, Inc. (a)	60,110		3,185,830
			4,129,917
Containers & Glass - 2.01%
Ball Corp.	46,331		1,973,701
Pactiv Corp. *	24,695		566,256
Sonoco Products Company (a)	39,300		1,285,896
			3,825,853
Cosmetics & Toiletries - 0.77%
Procter & Gamble Company	24,594		1,473,918
Drugs & Health Care - 2.24%
Wyeth	85,791		4,272,392
Electrical Equipment - 7.28%
AMETEK, Inc.	1,211		51,879
Anixter International, Inc. * (a)	29,689		1,358,272
Cooper Industries, Ltd., Class A	29,400		2,460,780
Emerson Electric Company	34,599		2,830,544
General Electric Company	169,979		5,587,210
Hubbell, Inc., Class B	34,562		1,606,096
			13,894,781
Electrical Utilities - 1.57%
Ameren Corp. (a)	25,840		1,309,313
CMS Energy Corp. *	119,860		1,687,629
			2,996,942
Electronics - 2.49%
AVX Corp. (a)	117,374		1,943,713
Rogers Corp. * (a)	8,476		415,663
Vishay Intertechnology, Inc. *	164,378		2,386,769
			4,746,145
Financial Services - 0.87%
Citigroup, Inc.	35,878		1,663,663
Food & Beverages - 3.34%
Campbell Soup Company	20,314		632,375
Diageo PLC, SADR (a)	26,700		1,647,390
PepsiCo, Inc.	69,179		4,089,170
			6,368,935
Furniture & Fixtures - 0.91%
Ethan Allen Interiors, Inc. (a)	42,591		1,733,880
Gas & Pipeline Utilities - 1.02%
AGL Resources, Inc.	13,400		481,060
Nicor, Inc. (a)	13,758		590,631
NiSource, Inc.	42,681		876,241
			1,947,932
Gold - 1.02%
Barrick Gold Corp.	71,197		1,948,662

All Cap Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants - 1.17%
Brinker International, Inc.	53,437	$	2,225,651
Industrial Machinery - 4.60%
Deere & Company	8,845		674,608
Dover Corp.	41,000		1,965,540
IDEX Corp.	16,078		759,685
Parker-Hannifin Corp.	46,404		3,627,401
W.W. Grainger, Inc.	23,540		1,742,902
			8,770,136
Insurance - 3.67%
ACE, Ltd.	17,524		976,613
AFLAC, Inc.	27,662		1,279,367
Cincinnati Financial Corp.	11,900		527,884
Everest Re Group, Ltd.	6,700		663,568
Genworth Financial, Inc.	61,696		1,963,167
Markel Corp. *	3,400		1,117,070
SAFECO Corp.	9,118		469,668
			6,997,337
Internet Software - 1.16%
McAfee, Inc. *	94,799		2,205,025
Life Sciences - 0.20%
Waters Corp. *	8,800		376,024
Manufacturing - 3.30%
Carlisle Companies, Inc.	33,477		2,631,292
Eaton Corp.	38,990		2,716,433
Hexcel Corp. * (a)	19,200		413,184
Honeywell International, Inc.	13,212		541,032
			6,301,941
Metal & Metal Products - 3.27%
Crown Holdings, Inc. *	100,929		1,847,001
Quanex Corp.	43,257		2,684,962
Timken Company	59,213		1,698,229
			6,230,192
Mining - 3.14%
Newmont Mining Corp.	113,071		5,983,717
Paper - 0.35%
MeadWestvaco Corp.	24,072		669,683
Petroleum Services - 6.10%
BP PLC, SADR	5,200		345,384
Exxon Mobil Corp.	142,091		8,435,942
Halliburton Company	16,629		1,130,772
Key Energy Services, Inc. * (a)	15,205		227,315
Schlumberger, Ltd.	7,418		853,070
Superior Energy Services, Inc. * (a)	24,800		644,800
			11,637,283
Pharmaceuticals - 5.70%
GlaxoSmithKline PLC, ADR	44,052		2,238,723
Mylan Laboratories, Inc.	126,598		2,911,754
Novartis AG, ADR	75,070		3,997,477
Pfizer, Inc.	32,544		852,327

The accompanying notes are an integral part of the financial statements. 130

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

All Cap Value Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Schering-Plough Corp.		47,104	$	871,424
				10,871,705
Railroads & Equipment - 0.96%
GATX Corp. (a)		14,200		563,740
Union Pacific Corp.		14,324		1,268,390
				1,832,130
Real Estate - 1.10%
Host Marriott Corp., REIT		108,002		2,098,479
Retail Grocery - 1.38%
The Kroger Company *		131,734		2,639,949
Retail Trade - 3.59%
Federated Department Stores, Inc.		47,957		3,406,865
Foot Locker, Inc.		53,659		1,240,060
Pacific Sunwear of California, Inc. *		23,800		566,678
Wal-Mart Stores, Inc.		35,917		1,629,195
				6,842,798
Software - 1.45%
Microsoft Corp.		102,576		2,759,294
Steel - 1.08%
Steel Dynamics, Inc. (a)		44,927		2,066,642
Telecommunications Equipment &
Services - 1.99%
ADC Telecommunications, Inc. *		21,528		545,089
Avaya, Inc. *		89,153		991,381
Tellabs, Inc. *		154,402		2,268,166
				3,804,636
Telephone - 3.29%
AT&T Corp.		58,000		1,600,220
BellSouth Corp.		30,700		969,506
Qwest Communications International, Inc. * (a)		109,800		693,936
Sprint Corp.		43,368		1,042,133
Verizon Communications, Inc.		58,506		1,971,652
				6,277,447
Travel Services - 0.88%
Sabre Holdings Corp.		69,855		1,685,601
Trucking & Freight - 1.75%
Heartland Express, Inc.		47,167		1,090,973
Werner Enterprises, Inc. (a)		115,583		2,245,777
				3,336,750
TOTAL COMMON STOCKS (Cost $168,919,629)			$	184,058,579
SHORT TERM INVESTMENTS - 10.77%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	20,547,958	$	20,547,958
TOTAL SHORT TERM INVESTMENTS
(Cost $20,547,958)			$	20,547,958

All Cap Value Fund (continued)
		Shares or
		Principal
		Amount	Value
REPURCHASE AGREEMENTS - 3.33%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$6,367,566 on 03/01/2006,
collateralized by $6,367,000
Federal National Mortgage
Association, 5.55% due
07/10/2028 (valued at $6,498,007,
including interest) (c)	$	6,367,000 $	6,367,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,367,000)		$	6,367,000
Total Investments (All Cap Value Fund)
(Cost $195,834,587) - 110.57%		$	210,973,537
Liabilities in Excess of Other Assets - (10.57)%			(20,174,760)
TOTAL NET ASSETS - 100.00%		$	190,798,777
Blue Chip Growth Fund
		Shares or
		Principal
		Amount	Value
COMMON STOCKS - 98.93%
Advertising - 0.45%
Monster Worldwide, Inc. *		26,400 $	1,292,544
Omnicom Group, Inc. (a)		49,036	3,914,054
			5,206,598
Aerospace - 1.07%
General Dynamics Corp.		63,613	7,841,575
Lockheed Martin Corp.		8,727	635,936
Rockwell Collins, Inc.		58,801	3,125,273
United Technologies Corp.		13,600	795,600
			12,398,384
Agriculture - 1.10%
Monsanto Company		152,148	12,762,174
Apparel & Textiles - 0.20%
Cintas Corp. (a)		56,001	2,301,081
Banking - 2.69%
Northern Trust Corp. (a)		192,711	10,159,724
UBS AG - CHF		107,600	11,430,833
Wells Fargo Company		147,854	9,492,227
			31,082,784
Biotechnology - 2.72%
Amgen, Inc. *		242,855	18,333,124
Genentech, Inc. *		153,778	13,177,237
			31,510,361
Broadcasting - 0.15%
Grupo Televisa SA, SADR (a)		21,800	1,710,428
Business Services - 2.96%
Accenture, Ltd., Class A		236,564	7,726,180
Automatic Data Processing, Inc.		274,819	12,693,890
ChoicePoint, Inc. *		35,088	1,557,907

The accompanying notes are an integral part of the financial statements. 131

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Blue Chip Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
First Data Corp.	205,636	$	9,280,353
Paychex, Inc.	73,657		2,949,963
			34,208,293
Cable and Television - 1.78%
Rogers Communications, Inc.	128,916		5,160,507
Time Warner, Inc.	475,986		8,239,318
Viacom, Inc. *	179,381		7,168,065
			20,567,890
Cellular Communications - 1.16%
America Movil S.A. de C.V., Series L	217,049		7,538,112
American Tower Corp., Class A *	181,762		5,785,484
NII Holdings, Inc., Class B *	2,200		112,684
			13,436,280
Colleges & Universities - 0.11%
Apollo Group, Inc., Class A *	25,903		1,279,090
Computers & Business Equipment - 3.51%
Cisco Systems, Inc. *	696,482		14,096,796
Dell, Inc. *	582,627		16,896,183
EMC Corp. *	681,948		9,560,911
			40,553,890
Cosmetics & Toiletries - 1.51%
Procter & Gamble Company	292,268		17,515,621
Domestic Oil - 0.28%
Murphy Oil Corp. (a)	68,842		3,226,625
Drugs & Health Care - 0.95%
Novartis AG - CHF	89,500		4,818,837
Wyeth	123,946		6,172,511
			10,991,348
Electrical Equipment - 3.39%
General Electric Company	1,191,699		39,171,146
Electronics - 1.22%
Garmin, Ltd. (a)	85,000		5,849,700
Harman International Industries, Inc.	59,840		6,603,344
Samsung Electronics Company, Ltd. - KRW	2,400		1,698,043
			14,151,087
Financial Services - 13.24%
Ameriprise Financial, Inc.	73,589		3,346,828
Charles Schwab Corp.	555,714		9,008,124
Chicago Merchantile Exchange Holdings, Inc. (a)	3,500		1,489,600
Citigroup, Inc.	516,479		23,949,131
E*TRADE Financial Corp. *	324,171		8,292,294
Fiserv, Inc. * (a)	34,281		1,422,662
Franklin Resources, Inc.	154,035		15,816,314
Goldman Sachs Group, Inc.	83,524		11,801,106
Legg Mason, Inc.	118,880		15,524,539
Mellon Financial Corp.	116,539		4,205,893
Merrill Lynch & Company, Inc.	191,810		14,809,650
Morgan Stanley	12,800		763,648
SLM Corp.	230,608		13,008,597

Blue Chip Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
State Street Corp. (a)(c)	357,365	$	22,328,165
TD Ameritrade Holding Corp. * (a)	335,226		7,294,518
			153,061,069
Food & Beverages - 1.23%
PepsiCo, Inc.	197,366		11,666,304
The Coca-Cola Company	60,109		2,522,775
			14,189,079
Healthcare Products - 3.27%
Alcon, Inc.	13,200		1,520,112
Johnson & Johnson	150,101		8,653,323
Medtronic, Inc.	265,864		14,343,363
St. Jude Medical, Inc. * (a)	163,364		7,449,398
Stryker Corp.	126,521		5,847,800
			37,813,996
Healthcare Services - 6.00%
Cardinal Health, Inc.	81,705		5,931,783
Humana, Inc. *	39,100		2,020,297
Quest Diagnostics, Inc.	158,078		8,357,584
UnitedHealth Group, Inc.	670,941		39,068,894
Wellpoint, Inc. *	181,728		13,954,893
			69,333,451
Hotels & Restaurants - 2.17%
Harrah's Entertainment, Inc.	87,848		6,318,028
Marriott International, Inc., Class A	87,456		5,981,991
McDonald's Corp.	88,485		3,089,011
Wynn Resorts, Ltd. * (a)	146,173		9,713,196
			25,102,226
Household Products - 0.17%
Fortune Brands, Inc. (a)	25,862		2,005,598
Industrial Machinery - 0.52%
Deere & Company	79,013		6,026,322
Insurance - 4.32%
Aetna, Inc.	65,952		3,363,552
AFLAC, Inc.	44,289		2,048,366
American International Group, Inc.	343,653		22,804,813
Hartford Financial Services Group, Inc.	123,716		10,191,724
Marsh & McLennan Companies, Inc. (a)	254,802		7,875,930
Prudential Financial, Inc. (a)	47,400		3,651,696
			49,936,081
Internet Retail - 0.93%
Amazon.com, Inc. *	38,311		1,436,279
eBay, Inc. *	178,465		7,149,308
IAC/InterActiveCorp * (a)	74,327		2,173,322
			10,758,909
Internet Service Provider - 2.43%
Google, Inc., Class A *	46,034		16,692,849
Yahoo!, Inc. *	356,368		11,425,158
			28,118,007

The accompanying notes are an integral part of the financial statements. 132

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Blue Chip Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Software - 0.43%
Juniper Networks, Inc. *	269,379	$	4,953,880
Leisure Time - 1.86%
Carnival Corp. (a)	247,249		12,770,411
International Game Technology, Inc.	243,098		8,695,615
			21,466,026
Manufacturing - 3.32%
Danaher Corp. (a)	420,537		25,476,132
Honeywell International, Inc.	209,595		8,582,915
Illinois Tool Works, Inc.	50,513		4,336,036
			38,395,083
Mining - 0.41%
BHP Billiton, Ltd. - AUD	260,100		4,685,787
Newspapers - 0.43%
E.W. Scripps Company, Class A (a)	104,450		5,021,956
Petroleum Services - 6.23%
Baker Hughes, Inc. (a)	174,041		11,829,567
Exxon Mobil Corp.	208,162		12,358,578
Schlumberger, Ltd. (a)	195,354		22,465,710
Smith International, Inc. (a)	342,428		13,262,236
Total SA, SADR	49,546		6,249,237
Transocean, Inc. *	79,588		5,903,838
			72,069,166
Pharmaceuticals - 4.19%
Caremark Rx, Inc. *	243,697		12,123,926
Gilead Sciences, Inc. *	237,519		14,790,308
Pfizer, Inc.	365,796		9,580,197
Roche Holdings AG - CHF	21,000		3,105,358
Sepracor, Inc. *	105,688		6,056,979
Teva Pharmaceutical Industries, Ltd., SADR (a)	66,728		2,801,909
			48,458,677
Publishing - 0.38%
McGraw-Hill Companies, Inc. (a)	82,448		4,377,164
Railroads & Equipment - 0.02%
Union Pacific Corp.	2,806		248,471
Retail Grocery - 0.48%
Sysco Corp.	183,005		5,506,620
Retail Trade - 5.98%
Best Buy Company, Inc. (a)	90,310		4,864,097
CVS Corp.	151,298		4,286,272
Home Depot, Inc.	394,252		16,617,722
Kohl's Corp. *	257,570		12,391,693
Target Corp.	262,878		14,300,563
Wal-Mart Stores, Inc.	367,836		16,685,041
			69,145,388
Semiconductors - 5.91%
Analog Devices, Inc. (a)	253,357		9,663,036
Applied Materials, Inc.	163,500		2,998,590
Intel Corp.	378,708		7,801,385
Linear Technology Corp.	180,910		6,668,342

Blue Chip Growth Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Marvell Technology Group, Ltd. * (a)		131,695	$	8,062,368
Maxim Integrated Products, Inc.		374,228		14,628,572
Texas Instruments, Inc.		255,082		7,614,198
Xilinx, Inc.		397,775		10,851,302
				68,287,793
Software - 4.81%
Adobe Systems, Inc.		154,125		5,952,307
Intuit, Inc. * (a)		89,289		4,337,660
Microsoft Corp.		1,339,360		36,028,784
Oracle Corp. *		745,838		9,263,308
				55,582,059
Steel - 0.29%
Nucor Corp.		39,510		3,399,836
Telecommunications Equipment &
Services - 2.94%
Corning, Inc. *		356,085		8,692,035
Nokia Oyj, SADR		504,172		9,367,516
QUALCOMM, Inc.		193,323		9,126,779
Telefonaktiebolaget LM Ericsson, SADR		26,800		913,880
Telus Corp., Non Voting Shares		151,482		5,886,590
				33,986,800
Travel Services - 1.41%
American Express Company		302,648		16,306,674
Trucking & Freight - 0.31%
United Parcel Service, Inc., Class B		47,478		3,547,081
TOTAL COMMON STOCKS (Cost $1,061,644,768)			$ 1,143,856,279
SHORT TERM INVESTMENTS - 6.47%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	68,562,353	$	68,562,353
T. Rowe Price Reserve Investment Fund (c)		6,204,326		6,204,326
TOTAL SHORT TERM INVESTMENTS
(Cost $74,766,680)			$	74,766,679
REPURCHASE AGREEMENTS - 0.34%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$3,996,355 on 03/01/2006,
collateralized by $4,100,000 U.S.
Treasury Bond, 4.50% due
02/15/2036 (valued at
$4,079,500, including interest) (c)	$	3,996,000	$	3,996,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,996,000)			$	3,996,000
Total Investments (Blue Chip Growth Fund)
(Cost $1,140,407,448) - 105.74%			$ 1,222,618,958
Liabilities in Excess of Other Assets - (5.74)%				(66,357,563)
TOTAL NET ASSETS - 100.00%			$ 1,156,261,395

The accompanying notes are an integral part of the financial statements. 133

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Capital Appreciation Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.83%
Advertising - 0.81%
Getty Images, Inc. * (a)	29,900	$	2,422,797
Apparel & Textiles - 3.11%
Coach, Inc. *	126,156		4,506,292
NIKE, Inc., Class B	55,646		4,828,960
			9,335,252
Banking - 1.82%
UBS AG	51,300		5,449,599
Biotechnology - 4.72%
Amgen, Inc. *	108,225		8,169,905
Genentech, Inc. *	69,831		5,983,819
			14,153,724
Computers & Business Equipment - 3.23%
Apple Computer, Inc. *	64,256		4,404,106
Cisco Systems, Inc. *	260,830		5,279,199
			9,683,305
Cosmetics & Toiletries - 3.07%
Procter & Gamble Company	153,784		9,216,275
Crude Petroleum & Natural Gas - 1.18%
Occidental Petroleum Corp.	38,700		3,542,598
Electrical Equipment - 2.23%
General Electric Company	203,588		6,691,938
Electronics - 1.27%
Agilent Technologies, Inc. *	105,559		3,800,124
Financial Services - 6.56%
Charles Schwab Corp.	353,331		5,727,495
Goldman Sachs Group, Inc.	30,510		4,310,758
JPMorgan Chase & Company	77,370		3,183,002
Legg Mason, Inc.	3,800		496,242
Merrill Lynch & Company, Inc.	76,982		5,943,780
			19,661,277
Food & Beverages - 1.66%
PepsiCo, Inc.	84,335		4,985,042
Healthcare Products - 3.60%
Alcon, Inc.	54,419		6,266,892
St. Jude Medical, Inc. *	99,474		4,536,015
			10,802,907
Healthcare Services - 2.94%
UnitedHealth Group, Inc.	85,130		4,957,120
Wellpoint, Inc. *	50,208		3,855,472
			8,812,592
Hotels & Restaurants - 2.24%
Marriott International, Inc., Class A	65,900		4,507,560
The Cheesecake Factory, Inc. *	61,200		2,212,992
			6,720,552
Insurance - 3.15%
American International Group, Inc.	106,208		7,047,963
CIGNA Corp.	19,600		2,405,900
			9,453,863

Capital Appreciation Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail - 3.28%
eBay, Inc. *	245,135	$	9,820,108
Internet Service Provider - 6.33%
Google, Inc., Class A *	33,793		12,254,018
Yahoo!, Inc. *	209,692		6,722,725
			18,976,743
Leisure Time - 3.42%
Electronic Arts, Inc. *	91,908		4,776,459
Walt Disney Company	195,100		5,460,849
			10,237,308
Petroleum Services - 4.15%
Schlumberger, Ltd.	75,297		8,659,155
Suncor Energy, Inc.	50,752		3,793,712
			12,452,867
Pharmaceuticals - 8.66%
Caremark Rx, Inc. *	89,689		4,462,028
Gilead Sciences, Inc. *	100,386		6,251,036
Novartis AG, ADR	106,976		5,696,472
Roche Holdings, Ltd., SADR	81,911		6,054,411
Sanofi-Aventis, ADR	82,173		3,503,035
			25,966,982
Retail Grocery - 1.67%
Whole Foods Market, Inc.	78,334		5,003,976
Retail Trade - 7.70%
Chico's FAS, Inc. *	113,851		5,356,689
Federated Department Stores, Inc.	63,845		4,535,549
Lowe's Companies, Inc.	64,476		4,395,974
Target Corp.	96,593		5,254,659
Urban Outfitters, Inc. *	39,400		1,107,140
Williams-Sonoma, Inc. *	60,380		2,444,786
			23,094,797
Semiconductors - 9.33%
Broadcom Corp., Class A *	164,650		7,424,068
Marvell Technology Group, Ltd. *	123,025		7,531,590
Maxim Integrated Products, Inc.	176,119		6,884,492
Texas Instruments, Inc.	205,050		6,120,743
			27,960,893
Software - 7.21%
Adobe Systems, Inc.	195,515		7,550,789
Microsoft Corp.	269,441		7,247,963
NAVTEQ Corp. *	33,900		1,569,909
SAP AG, SADR	102,688		5,247,357
			21,616,018
Telecommunications Equipment &
Services - 2.95%
Nokia Oyj, SADR	204,931		3,807,618
QUALCOMM, Inc.	106,800		5,042,028
			8,849,646

The accompanying notes are an integral part of the financial statements. 134

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Capital Appreciation Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Travel Services - 2.54%
American Express Company		141,074	$	7,601,067
TOTAL COMMON STOCKS (Cost $276,799,675)			$	296,312,250
SHORT TERM INVESTMENTS - 2.41%
Citigroup Funding, Inc.
4.46% due 03/01/2006	$	4,880,000	$	4,880,000
State Street Navigator Securities Lending
Prime Portfolio (c)		2,341,825		2,341,825
TOTAL SHORT TERM INVESTMENTS
(Cost $7,221,825)			$	7,221,825
Total Investments (Capital Appreciation Fund)
(Cost $284,021,500) - 101.24%			$	303,534,075
Liabilities in Excess of Other Assets - (1.24)%				(3,705,766)
TOTAL NET ASSETS - 100.00%			$	299,828,309
Core Bond Fund
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS - 0.12%
Banking - 0.12%
UOB Cayman Ltd. * (b)		200,000	$	202,761
TOTAL PREFERRED STOCKS (Cost $201,748)			$	202,761
U.S. TREASURY OBLIGATIONS - 17.45%
U.S. Treasury Bonds - 7.04%
4.125% due 08/15/2010 ***	$	1,714,000		1,679,653
5.375% due 02/15/2031		277,000		308,347
6.00% due 02/15/2026 ***		3,248,000		3,796,353
6.25% due 08/15/2023 to 05/15/2030 ***		5,586,000		6,660,007
				12,444,360
U.S. Treasury Notes - 10.41%
4.00% due 02/15/2015 ***		1,955,000		1,870,079
4.125% due 05/15/2015		913,000		881,366
4.25% due 01/15/2011		2,284,000		2,249,027
4.25% due 08/15/2015 ***		1,093,000		1,064,736
4.375% due 12/31/2007 to 01/31/2008		2,303,000		2,289,743
4.50% due 02/15/2009 to 02/15/2016		1,627,000		1,620,223
4.50% due 11/15/2010 to 11/15/2015 ***		8,467,000		8,399,315
4.625% due 02/29/2008		18,000		17,982
				18,392,471
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $30,881,590)			$	30,836,831
U.S. GOVERNMENT AGENCY OBLIGATIONS - 43.92%
Federal Home Loan Bank - 1.88%
5.46% due 11/30/2015		3,325,324		3,319,568
Federal Home Loan Mortgage Corp. - 35.01%
0.99% due 07/01/2034		1,025,000		1,048,873
3.50% due 05/15/2026		229,898		223,790

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
3.57% due 06/15/2029	$	961,963	$	931,034
3.90% due 01/15/2023		2,188,582		2,116,671
4.00% due 09/15/2017 to 04/15/2025		1,246,796		1,211,399
4.125% due 07/12/2010		1,574,000		1,524,713
4.50% due 05/15/2024 to 12/01/2099		8,482,589		8,111,727
4.933% due 11/01/2035		659,000		650,052
5.00% due 05/15/2022 to 12/01/2035		3,806,038		3,710,879
5.00% TBA **		3,836,000		3,713,727
5.50% due 04/01/2017 to 03/15/2035		6,362,473		6,370,190
6.00% due 03/01/2025 to 03/01/2036		6,018,058		6,096,832
6.50% due 01/01/2036		2,347,710		2,402,390
6.50% TBA **		18,306,000		18,706,444
6.625% due 09/15/2009 ***		4,801,000		5,059,294
				61,878,015
Federal National Mortgage
Association - 6.15%
4.50% due 08/01/2033 to 09/01/2035		2,578,700		2,433,156
5.004% due 12/01/2035		388,823		385,505
5.035% due 12/01/2035		264,260		262,120
5.09% due 11/30/2035		108,000		106,958
5.21% due 11/30/2035		99,000		99,514
5.327% due 12/01/2035		263,428		262,058
5.67% due 03/01/2009		433,973		438,185
6.00% due 05/15/2011 ***		2,715,000		2,841,383
6.00% TBA **		3,973,000		4,041,520
				10,870,399
Government National Mortgage
Association - 0.88%
4.07% due 01/15/2021		195,000		189,150
6.00% due 12/01/2099		1,357,000		1,377,461
				1,566,611
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $77,691,122)			$	77,634,593
FOREIGN GOVERNMENT OBLIGATIONS - 0.53%
Mexico - 0.34%
Government of Mexico
5.875% due 01/15/2014		314,000		321,850
6.75% due 09/27/2034		250,000		279,375
				601,225
Russia - 0.19%
Russian Federation
5.00% due 03/31/2030		295,000		332,613
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $923,807)			$	933,838
CORPORATE BONDS - 15.68%
Automobiles - 0.23%
DaimlerChrysler NA Holding Corp.
6.50% due 11/15/2013		195,000		201,560

The accompanying notes are an integral part of the financial statements. 135

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Automobiles (continued)
DaimlerChrysler NA Holding Corp. (continued)
8.50% due 01/18/2031	$	171,000	$	208,480
				410,040
Banking - 0.49%
BAC Capital Trust VI
5.625% due 03/08/2035		234,000		230,107
PNC Funding Corp.
5.25% due 11/15/2015		259,000		255,554
Wachovia Capital Trust III
5.80% due 08/29/2049 (b)		265,000		263,501
Wachovia Corp.
5.50% due 08/01/2035		123,000		118,655
				867,817
Broadcasting - 0.31%
CBS Corp.
5.625% due 08/15/2012		145,000		145,177
Clear Channel Communications, Inc.
5.50% due 09/15/2014		135,000		127,551
News America, Inc.
6.40% due 12/15/2035		275,000		276,726
				549,454
Cable and Television - 0.23%
Comcast Corp.
5.65% due 06/15/2035		166,000		151,908
5.90% due 03/15/2016		110,000		109,848
Cox Communications, Inc.
7.125% due 10/01/2012		130,000		138,759
				400,515
Cellular Communications - 0.55%
America Movil SA de CV
6.375% due 03/01/2035		244,000		246,846
AT&T Broadband Corp.
8.375% due 03/15/2013		217,000		248,796
Cingular Wireless Services, Inc.
8.125% due 05/01/2012		130,000		148,951
Verizon Wireless Capital LLC
5.375% due 12/15/2006		330,000		330,626
				975,219
Crude Petroleum & Natural Gas - 0.11%
Canadian Natural Resources, Ltd.
5.85% due 02/01/2035		78,000		78,572
EnCana Corp.
6.50% due 08/15/2034		106,000		118,399
				196,971
Domestic Oil - 0.16%
Amerada Hess Corp.
7.125% due 03/15/2033		94,000		108,336
ConocoPhillips
5.90% due 10/15/2032		160,000		169,808
				278,144
Drugs & Health Care - 0.27%
Wyeth
5.50% due 02/15/2016		475,000		477,878

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities - 1.22%
American Electric Power Company, Inc., Series C
5.375% due 03/15/2010	$	185,000	$	184,956
Dominion Resources, Inc.
5.95% due 06/15/2035		121,000		117,607
Empresa Nacional de Electricidad S.A.
8.625% due 08/01/2015		130,000		152,547
FirstEnergy Corp.
7.375% due 11/15/2031		95,000		110,784
Kansas Gas & Electric
5.647% due 03/29/2021		264,000		259,164
Nevada Power Company
5.95% due 03/15/2016		180,000		180,845
Pacific Gas & Electric Company
6.05% due 03/01/2034		67,000		69,333
Progress Energy, Inc.
6.85% due 04/15/2012		510,000		544,576
PSEG Power LLC
8.625% due 04/15/2031		173,000		229,941
Public Service Company of Colorado
7.875% due 10/01/2012		262,000		301,440
				2,151,193
Financial Services - 4.86%
AMBAC Financial Group, Inc.
5.95% due 12/05/2035		80,000		81,340
American General Finance Corp.
3.875% due 10/01/2009		360,000		343,552
Capital One Bank
4.875% due 05/15/2008		245,000		242,936
Capital One Financial Corp.
8.75% due 02/01/2007		400,000		412,150
CIT Group, Inc., Series MTN
4.75% due 08/15/2008		219,000		216,914
Citigroup, Inc.
5.00% due 09/15/2014		467,000		456,991
5.125% due 02/14/2011		395,000		394,020
Credit Suisse First Boston USA, Inc.
4.875% due 08/15/2010		290,000		286,137
General Electric Capital Corp.
4.875% due 03/04/2015		168,000		163,993
General Electric Capital Corp., Series MTNA
3.75% due 12/15/2009		406,000		386,798
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		383,000		398,879
HSBC Finance Corp.
4.75% due 04/15/2010		972,000		953,013
5.00% due 06/30/2015		200,000		192,671
JP Morgan Chase & Company
6.75% due 02/01/2011		339,000		360,118
JP Morgan Chase Capital XV
5.875% due 03/15/2035		154,000		152,262
Lazard Group, LLC
7.125% due 05/15/2015		615,000		647,746
Merrill Lynch & Company, Inc., Series MTNC
4.25% due 02/08/2010		530,000		513,084
Morgan Stanley
4.00% due 01/15/2010		737,000		704,924

The accompanying notes are an integral part of the financial statements. 136

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Morgan Stanley (continued)
5.375% due 10/15/2015	$	325,000	$	322,782
Residential Capital Corp.
6.125% due 11/21/2008		450,000		449,329
The Goldman Sachs Group, Inc.
5.125% due 01/15/2015		438,000		427,874
6.125% due 02/15/2033		90,000		94,216
Washington Mutual Bank
5.125% due 01/15/2015		250,000		242,492
Washington Mutual, Inc.
4.00% due 01/15/2009		147,000		142,282
				8,586,503
Food & Beverages - 0.17%
Kraft Foods, Inc.
5.625% due 11/01/2011		183,000		185,295
6.50% due 11/01/2031		108,000		118,325
				303,620
Gas & Pipeline Utilities - 0.90%
Duke Capital LLC
7.50% due 10/01/2009		306,000		325,060
8.00% due 10/01/2019		200,000		236,353
Energy Transfer Partners LP
5.65% due 08/01/2012		491,000		487,442
Kinder Morgan Finance Company ULC
5.35% due 01/05/2011		135,000		134,134
6.40% due 01/05/2036		140,000		144,411
Kinder Morgan, Inc.
6.50% due 09/01/2012		95,000		99,944
Magellan Midstream Partners LP
5.65% due 10/15/2016		169,000		168,322
				1,595,666
Healthcare Services - 0.19%
WellPoint, Inc.
5.00% due 01/15/2011		65,000		64,168
5.25% due 01/15/2016		195,000		192,330
5.85% due 01/15/2036		80,000		79,992
				336,490
Insurance - 1.15%
Aegon Funding Corp.
5.75% due 12/15/2020		100,000		100,844
American International Group, Inc.
4.70% due 10/01/2010		568,000		554,654
5.05% due 10/01/2015		155,000		150,236
CNA Financial Corp.
5.85% due 12/15/2014		200,000		197,666
6.95% due 01/15/2018		65,000		68,548
Coventry Health Care, Inc.
6.125% due 01/15/2015		190,000		191,900
GE Global Insurance Holding Corp.
7.00% due 02/15/2026		80,000		91,890
Liberty Mutual Insurance Company
7.875% due 10/15/2026		85,000		99,669
Marsh & McLennan Companies, Inc.
5.15% due 09/15/2010		109,000		107,489

Core Bond Fund (continued)
		Shares or
		Principal
		Amount	Value
CORPORATE BONDS (continued)
Insurance (continued)
Metlife, Inc.
5.70% due 06/15/2035	$	170,000 $	169,772
UnumProvident Finance Company, PLC
6.85% due 11/15/2015		125,000	129,946
XL Capital Ltd.
6.375% due 11/15/2024		170,000	175,345
			2,037,959
International Oil - 0.16%
Pemex Project Funding Master Trust
6.625% due 06/15/2035		70,000	73,045
7.375% due 12/15/2014		74,000	82,325
Petro-Canada
5.95% due 05/15/2035		130,000	131,668
			287,038
Internet Content - 0.15%
Cisco Systems, Inc.
5.50% due 02/22/2016		270,000	271,848
Leisure Time - 0.27%
Time Warner Entertainment Company, LP
8.375% due 07/15/2033		91,000	109,243
Time Warner, Inc.
7.70% due 05/01/2032		325,000	374,289
			483,532
Manufacturing - 0.10%
Tyco International Group SA
6.375% due 10/15/2011		169,000	175,122
Metal & Metal Products - 0.10%
CODELCO, Inc.
5.625% due 09/21/2035		182,000	181,941
Mining - 0.04%
Vale Overseas Ltd.
8.25% due 01/17/2034		55,000	66,963
Paper - 0.09%
Celulosa Arauco y Constitucion SA
5.625% due 04/20/2015		155,000	152,473
Petroleum Services - 0.27%
Halliburton Company
5.50% due 10/15/2010		147,000	148,720
8.75% due 02/15/2021		258,000	334,917
			483,637
Pharmaceuticals - 0.17%
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		95,000	94,302
6.15% due 02/01/2036		200,000	200,888
			295,190
Real Estate - 1.28%
Developers Diversified Realty Corp., REIT
5.375% due 10/15/2012		291,000	286,782
Health Care REIT, Inc.
6.20% due 06/01/2016		310,000	309,953
ProLogis REIT
5.25% due 11/15/2010		205,000	203,780

The accompanying notes are an integral part of the financial statements. 137

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Residential Capital Corp.
6.00% due 02/22/2011	$	915,000	$	909,158
Simon Property Group LP, REIT
4.60% due 06/15/2010		147,000		142,759
5.375% due 06/01/2011		405,000		403,004
				2,255,436
Retail Grocery - 0.06%
Delhaize America, Inc.
9.00% due 04/15/2031		90,000		107,401
Retail Trade - 0.08%
Wal-Mart Stores, Inc.
5.25% due 09/01/2035		144,000		138,775
Software - 0.15%
Oracle Corp.
5.00% due 01/15/2011		270,000		266,546
Telecommunications Equipment &
Services - 0.49%
France Telecom SA
7.20% due 03/01/2006		382,000		382,000
SBC Communications, Inc.
6.15% due 09/15/2034		265,000		264,038
Verizon Global Funding Corp.
5.85% due 09/15/2035		224,000		211,498
				857,536
Telephone - 1.31%
AT&T Corp.
9.05%, Step down to 7.3% on 05/15/2006
due 11/15/2011 (b)		110,000		120,496
British Telecommunications PLC
8.875% due 12/15/2030		154,000		203,459
Sprint Capital Corp.
6.00% due 01/15/2007		509,000		512,481
6.125% due 11/15/2008		291,000		297,437
7.625% due 01/30/2011		147,000		160,723
8.75% due 03/15/2032 ***		150,000		197,030
Telecom Italia Capital
4.875% due 10/01/2010		218,000		211,591
Telecom Italia Capital SA
5.25% due 11/15/2013		281,000		271,367
Telefonos de Mexico SA de CV
5.50% due 01/27/2015		139,000		136,910
Verizon Communications, Inc.
5.35% due 02/15/2011		200,000		199,899
				2,311,393
Transportation - 0.12%
Norfolk Southern Corp.
7.05% due 05/01/2037		183,000		217,675
TOTAL CORPORATE BONDS (Cost $27,687,416)			$	27,719,975

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS - 0.19%
Texas - 0.19%
Brazos Texas Higher Education Authority, Inc.
5.03% due 12/01/2041	$	331,000	$	331,000
TOTAL MUNICIPAL BONDS (Cost $330,933)			$	331,000
COLLATERALIZED MORTGAGE
OBLIGATIONS - 16.51%
Bear Stearns Commercial Mortgage Securities Inc.,
Series 2005-PW10, Class AAB
5.382% due 12/11/2040		323,000		324,169
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AAB
4.581% due 06/11/2041		610,000		585,018
Citigroup/Deutsche Bank Commercial Mortgage,
Series 2006-CD2, Class AAB
5.575% due 01/15/2046		667,000		670,307
Commercial Mortgage Pass Through Certificates,
Series 1999-1, Class E
7.0932% due 05/15/2032 (b)		274,000		285,824
Commercial Mortgage Pass Through Certificates,
Series 2000-C1, Class C
7.706% due 08/15/2033		74,000		80,389
Countrywide Alternative Loan Trust, Series
2005-J4, Class 2A1B
4.7006% due 07/25/2035 (b)		176,251		176,178
Credit Suisse First Boston Mortgage Securities
Corp., Series 2005-C6, Class B
5.23% due 12/15/2040 (b)		259,000		254,100
CS First Boston Mortgage Securities Corp., Series
2002-CKS4, Class A2
5.183% due 11/15/2036		431,000		429,067
CS First Boston Mortgage Securities Corp., Series
2003-C4, Class A4
5.14% due 08/15/2036 (b)		589,000		582,610
CS First Boston Mortgage Securities Corp., Series
2004-C2, Class A2
5.416% due 05/15/2036 (b)		856,000		857,641
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		393,000		409,125
Federal National Mortgage Association,
Series 2002-M3, Class B
4.37% due 09/25/2010		163,108		158,788
Federal National Mortgage Association,
Series 2003-63, Class QP
3.50% due 10/25/2031		1,052,009		977,934
Federal National Mortgage Association,
Series 2003-76, Class DE
4.00% due 09/25/2031 ***		1,409,634		1,330,901
Federal National Mortgage Association,
Series 2003-81, Class NX
3.50% due 10/25/2013		631,594		616,768
Federal National Mortgage Association,
Series 2003-84, Class PG
5.00% due 03/25/2032		358,000		346,807
Federal National Mortgage Association,
Series 2003-92, Class KQ
3.50% due 06/25/2023		679,000		662,616

The accompanying notes are an integral part of the financial statements. 138

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association,
Series 2004-7, Class JK
4.00% due 02/25/2019	$	159,000	$	144,034
Federal National Mortgage Association,
Series 2005-45, Class BA
4.50% due 11/25/2014		1,607,000		1,592,514
Federal National Mortgage Association,
Series 2005-51, Class KC
4.50% due 01/25/2025		1,472,052		1,449,400
Federal National Mortgage Association,
Series 2005-65, Class WG
4.50% due 08/25/2026		1,138,374		1,123,174
Federal National Mortgage Association,
Series 2005-69, Class JM
4.50% due 08/25/2025		562,000		518,237
Federal National Mortgage Association,
Series 2005-77, Class BX
4.50% due 07/25/2028		3,256,784		3,208,155
First Union National Bank Commercial Mortgage,
Series 2001-C3, Class A3
6.423% due 08/15/2033		214,000		224,750
First Union National Bank Commercial Mortgage,
Series 2001-C4, Class B
6.417% due 12/12/2033		188,000		198,560
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		393,000		408,755
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		391,000		393,383
General Electric Capital Commercial Mortgage
Corp., Series 2005-C3, Class A2
4.853% due 07/10/2045		347,000		342,407
GMAC Commercial Mortgage Securities Inc., Series
2006-C1, Class B
5.429% due 11/10/2045 (b)		264,000		263,123
GMAC Commercial Mortgage Securities, Inc.,
Series 2002-C2, Class A3
5.713% due 10/15/2038		132,000		135,407
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C3, Class A4
5.023% due 04/10/2040		741,000		727,187
GMAC Commercial Mortgage Securities, Inc.,
Series 2004-C1, Class A1
3.118% due 03/10/2038		299,392		289,842
Government National Mortgage Association,
Series 2006-3, Class A
4.212% due 01/16/2028		123,000		119,471
Greenwich Capital Commercial Funding Corp,
Series 2005-GG5, Class AAB
5.19% due 04/10/2037 (b)		118,000		117,167
GS Mortgage Securities Corp II, Series 1998-GLII,
Class A2
6.562% due 04/13/2031		728,000		745,578
GS Mortgage Securities Corp. II, Series 1998-C1,
Class B
6.97% due 10/18/2030		109,000		113,343

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-CB11, Class A4
5.335% due 08/12/2037 (b)	$	674,000	$	673,655
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-CB11, Class ASB
5.201% due 08/12/2037 (b)		79,000		78,703
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.1793% due 12/15/2044 (b)		136,000		135,682
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class B
5.3343% due 12/15/2044 (b)		90,000		89,812
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-C3, Class A1
3.765% due 01/15/2042		1,052,191		1,024,206
LB Commercial Conduit Mortgage Trust, Series
1999-C2, Class A1
7.105% due 10/15/2032		242,092		244,056
LB-UBS Commercial Mortgage Trust, Series
2003-C7, Class A4
4.931% due 09/15/2035 (b)		801,000		783,731
LB-UBS Commercial Mortgage Trust, Series
2005-C3, Class A2
4.553% due 07/15/2030		683,000		666,897
Merrill Lynch Mortgage Trust, Series 2005-CKI1,
Class ASB
5.2446% due 11/12/2037 (b)		334,000		334,194
Merrill Lynch Mortgage Trust, Series 2005-LC1,
Class A4
5.291% due 01/12/2044 (b)		258,000		257,738
Morgan Stanley Capital I, Series 2004-HQ4, Class
A2
3.92% due 04/14/2040		284,000		276,940
Morgan Stanley Capital I, Series 2006-T21, Class A2
5.09% due 10/12/2052		264,000		262,804
Specialty Underwriting & Residential Finance,
Series 2005-BC4, Class A2A
4.6906% due 09/25/2036 (b)		318,275		318,324
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C21, Class A4
5.1949% due 10/15/2044 (b)		196,814		196,406
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C23, Class A4
5.437% due 01/15/2045		1,360,000		1,366,790
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C6, Class A3
4.957% due 08/15/2035		248,000		244,299
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C8, Class A3
4.445% due 11/15/2035		186,000		179,769
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class A4
5.083% due 03/15/2042 (b)		356,000		349,978
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class APB
4.621% due 05/15/2044		301,000		288,902

The accompanying notes are an integral part of the financial statements. 139

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C20, Class A7
5.118% due 07/15/2042 (b)	$	278,000	$	273,823
Washington Mutual Asset Securities Corp., Series
2005-C1A, Class AJ
5.19% due 05/25/2036 (b)		269,000		267,195
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $29,304,846)			$	29,176,633
ASSET BACKED SECURITIES - 12.02%
Advanta Business Card Master Trust,
Series 2005-A4, Class A4
4.75% due 01/20/2011		128,000		127,347
AmeriCredit Automobile Receivables Trust, Series
2005-DA, Class A2
4.747% due 11/06/2008		218,000		217,811
AmeriCredit Automobile Receivables Trust, Series
2006-1, Class A3
5.11% due 10/06/2010		231,000		230,985
AmeriCredit Automobile Receivables Trust,
Series 2003-DM, Class A4
2.84% due 08/06/2010		536,000		527,820
Ameriquest Mortgage Securities Inc., Series
2004-R12, Class A3
4.6588% due 01/25/2035		362,335		362,671
Atlantic City Electric Transition Funding LLC, Series
2003-1, Class A1
2.89% due 07/20/2011		396,001		381,960
BMW Vehicle Owner Trust,
Series 2003-A, Class A4
2.53% due 02/25/2008		972,297		965,441
Cabela's Master Credit Card Trust, Series
2005-1A, Class A1
4.97% due 10/15/2013		350,000		349,752
Capital Auto Receivables Asset Trust, Series
2004-1, Class A3
2.00% due 11/15/2007		222,684		220,227
Capital Auto Receivables Asset Trust, Series
2006-1, Class A3
5.03% due 10/15/2009		265,000		265,083
Capital One Master Trust, Series 2001-3A, Class A
5.45% due 03/16/2009		604,000		605,166
Capital One Multi-Asset Execution Trust, Series
2005-A3, Class A3
4.05% due 03/15/2013		116,000		111,875
Capital One Prime Auto Receivables Trust, Series
2006-1, Class A3
5.04% due 09/15/2010		342,000		341,945
Carrington Mortgage Loan Trust, Series 2005-NC3,
Class A1B
4.7406% due 06/25/2035 (b)		325,000		325,029
Chase Manhattan Auto Owner
Trust, Series 2003-A, Class A4
2.06% due 12/15/2009		610,814		597,220
Citibank Credit Card Issuance Trust, Series
2000-A3, Class A3
6.875% due 11/16/2009		380,000		391,505

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Citibank Credit Card Issuance Trust, Series
2004-A1, Class A1
2.55% due 01/20/2009	$	264,000	$	258,336
Citibank Credit Card Issuance Trust, Series
2005-B1, Class B1
4.40% due 09/15/2010		256,000		251,184
Comed Transitional Funding Trust, Series 1998-1,
Class A6
5.63% due 06/25/2009		300,713		301,887
Comed Transitional Funding Trust, Series 1998-1,
Class A7
5.74% due 12/25/2010		62,000		62,845
Countrywide Asset-Backed Certificates, Series
2005-17, Class 1AF2
5.363% due 05/25/2036 (b)		130,000		129,492
Countrywide Asset-Backed Certificates, Series
2005-12, Class 1A1
4.7306% due 02/25/2036 (b)		201,861		201,864
Countrywide Asset-Backed Certificates, Series
2005-BC4, Class 2A1
4.7006% due 08/25/2035 (b)		148,622		148,639
Encore Credit Receivables Trust, Series 2005-3,
Class 2A1
4.7006% due 10/25/2035 (b)		347,405		316,575
Ford Credit Auto Owner Trust,
Series 2005-A, Class A2
3.08% due 07/15/2007		141,856		141,568
Ford Credit Auto Owner Trust,
Series 2005-A, Class A3
3.48% due 11/15/2008		446,000		440,633
Ford Credit Auto Owner Trust,
Series 2005-B, Class A3
4.17% due 01/15/2009		333,000		330,075
Ford Credit Auto Owner Trust, Series 2006-A,
Class A4
5.08% due 12/15/2010		558,000		558,872
Franklin Auto Trust, Series 2005-1, Class A2
4.84% due 09/22/2008		90,000		89,845
Harley-Davidson Motorcycle Trust, Series 2003-1,
Class A2
2.63% due 11/15/2010		147,593		144,285
Honda Auto Receivables Owner Trust, Series
2004-2, Class A3
3.30% due 06/16/2008		727,000		720,430
Household Automotive Trust,
Series 2005-3, Class A2
4.70% due 01/27/2009		191,000		190,719
Hyundai Auto Receivables Trust, Series 2005-A,
Class A4
4.18% due 02/15/2012		275,000		267,138
Illinois Power Special Purpose Trust, Series
1998-1, Class A6
5.54% due 06/25/2009		116,079		116,482
JP Morgan Mortgage Acquisition Corp, Series
2005-OPT2, Class A3
4.8206% due 12/25/2035 (b)		325,000		325,251

The accompanying notes are an integral part of the financial statements. 140

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
M.A.S.Transactions Asset Backed Securities
Trust, Series 2004-FRE1, Class A2
4.9206% due 07/25/2034 (b)	$	195,074	$	195,458
M.A.S.Transactions Asset Backed Securities
Trust, Series 2004-OPT2, Class A2
4.9306% due 09/25/2034 (b)		77,121		77,257
M.A.S.Transactions Asset Backed Securities
Trust, Series 2005-AB1, Class A1B
5.143% due 11/25/2035 (b)		263,477		261,913
MBNA Credit Card Master Note Trust, Series
2005-A1, Class A1
4.20% due 09/15/2010		380,000		374,242
MBNA Credit Card Master Note Trust, Series
2006-A1, Class A1
4.90% due 07/15/2011		398,000		397,130
MBNA Credit Card Master Note Trust,
Series 2001-A1, Class A
5.75% due 10/15/2008		413,000		414,060
Merrill Lynch Mortgage Investors Inc., Series
2005-SD1, Class A1
4.7606% due 05/25/2046 (b)		270,620		270,632
Morgan Stanley ABS Capital I, Series 2005-HE2,
Class A3B
4.8006% due 01/25/2035 (b)		651,000		651,434
Morgan Stanley ABS Capital I, Series 2006-NC1,
Class A1
4.6606% due 12/25/2035 (b)		259,174		259,174
Morgan Stanley ABS Capital I,
Series 2004-WMC2, Class A2
4.9406% due 07/25/2034 (b)		358,592		358,578
Nissan Auto Lease Trust, Series 2005-A, Class A2
4.61% due 01/15/2008		191,000		190,314
Nissan Auto Receivables Owner Trust, Series
2006-A, Class A4
4.73% due 07/15/2011		132,000		131,002
Nissan Auto Receivables Owner Trust,
Series 2005-B, Class A2
3.75% due 09/17/2007		146,936		146,573
Northstar Education Finance, Inc.,
Series 2005-1, Class A5
3.98% due 10/28/2045		207,000		207,000
Novastar Home Equity Loan,
Series 2005-2, Class A2B
4.7306% due 10/25/2035 (b)		348,000		348,024
Option One Mortgage Loan Trust, Series 2006-1,
Class 2A1
4.6506% due 01/25/2036 (b)		320,098		320,048
Ownit Mortgage Loan Asset-Backed Certificates,
Series 2006-1, Class AF1
5.424% due 12/25/2036		170,185		169,281
Peco Energy Transition Trust,
Series 1999-A, Class A6
6.05% due 03/01/2009		292,195		293,829
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		168,000		177,162

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
PG&E Energy Recovery Funding LLC, Series
2005-1, Class A4
4.37% due 06/25/2014	$	132,000	$	127,809
PG&E Energy Recovery Funding LLC, Series
2005-2, Class A1
4.85% due 06/25/2011		484,000		482,536
PG&E Energy Recovery Funding LLC, Series
2005-2, Class A3
5.12% due 12/25/2014		233,000		233,566
PG&E Energy Recovery Funding LLC,
Series 2005-1, Class A2
3.87% due 06/25/2011		293,000		287,016
SLM Student Loan Trust, Series 2003-11, Class A5
2.99% due 12/15/2022		432,000		425,459
SLM Student Loan Trust, Series 2004-1, Class A2
4.7629% due 07/25/2018 (b)		282,000		283,004
SLM Student Loan Trust, Series 2005-7, Class A3
4.41% due 12/31/2010		219,000		216,319
SLM Student Loan Trust, Series 2005-8, Class A4
4.25% due 01/25/2028		630,000		618,269
Specialty Underwriting & Residential Finance,
Series 2005-BC1, Class A1B
4.8106% due 12/25/2035 (b)		353,000		353,138
Structured Asset Investment Loan Trust, Series
2005-11, Class A4
4.6706% due 01/25/2036 (b)		333,302		333,302
Structured Asset Investment Loan Trust, Series
2005-11, Class A6
4.8006% due 01/25/2036 (b)		285,000		285,134
Structured Asset Investment Loan Trust,
Series 2005-5, Class A2
4.6706% due 06/25/2035 (b)		163,952		163,960
Triad Auto Receivables Owner Trust, Series
2006-A, Class A3
4.77% due 01/12/2011		330,000		327,473
USAA Auto Owner Trust, Series 2005-3, Class A2
4.52% due 06/16/2008		184,000		183,253
Wachovia Auto Owner Trust,
Series 2005-B, Class A2
4.82% due 02/20/2009		321,000		320,398
WFS Financial Owner Trust,
Series 2005-3, Class A4
4.39% due 05/17/2013		358,000		351,771
TOTAL ASSET BACKED SECURITIES
(Cost $21,289,872)			$	21,253,475
SHORT TERM INVESTMENTS - 3.73%
Federal Home Loan Mortgage Corp. Discount Notes
4.74% due 01/18/2007	$	6,882,000	$	6,589,320
TOTAL SHORT TERM INVESTMENTS
(Cost $6,589,320)			$	6,589,320

The accompanying notes are an integral part of the financial statements. 141

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 4.54%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$8,031,714 on 03/01/2006,
collateralized by $8,665,000
Federal National Mortgage
Association 5.57% due
06/30/2028 (valued at $8,196,327,
including interest) (c)***	$	8,031,000	$	8,031,000
TOTAL REPURCHASE AGREEMENTS
(Cost $8,031,000)			$	8,031,000
Total Investments (Core Bond Fund)
(Cost $202,931,654) - 114.69%			$	202,709,426
Liabilities in Excess of Other Assets - (14.69)%				(25,958,795)
TOTAL NET ASSETS - 100.00%			$	176,750,631
Core Equity Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.70%
Advertising - 1.85%
WPP Group PLC		797,800	$	9,270,106
Building Materials & Construction - 0.58%
Masco Corp.		93,214		2,907,345
Cable and Television - 4.07%
DIRECTV Group, Inc. *		716,802		11,296,799
Time Warner, Inc.		525,600		9,098,136
				20,394,935
Computers & Business Equipment - 6.84%
Cisco Systems, Inc. *		298,400		6,039,616
Dell, Inc. *		267,700		7,763,300
Hewlett-Packard Company		192,600		6,319,206
International Business Machines Corp.		74,900		6,009,976
Seagate Technology, Inc. *		307,426		8,168,309
				34,300,407
Electrical Utilities - 4.45%
The AES Corp. *		1,289,100		22,301,430
Financial Services - 10.75%
Capital One Financial Corp.		111,000		9,723,600
Citigroup, Inc.		261,500		12,125,755
Countrywide Financial Corp.		368,100		12,692,088
JPMorgan Chase & Company		470,600		19,360,484
				53,901,927
Healthcare Services - 10.26%
Health Net, Inc. *		250,344		12,003,995
McKesson Corp.		245,600		13,294,328
UnitedHealth Group, Inc.		449,200		26,156,916
				51,455,239

Core Equity Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders - 4.93%
Beazer Homes USA, Inc.	50,108	$	3,179,353
Centex Corp.	129,410		8,749,410
Pulte Homes, Inc.	242,600		9,318,266
Ryland Group, Inc.	49,908		3,481,083
			24,728,112
Insurance - 6.89%
Aetna, Inc.	341,300		17,406,300
MGIC Investment Corp.	127,900		8,153,625
St. Paul Travelers Companies, Inc.	209,900		9,021,502
			34,581,427
Internet Retail - 11.87%
Amazon.com, Inc. *	581,400		21,796,686
eBay, Inc. *	387,900		15,539,274
Expedia, Inc. *	480,000		9,105,600
IAC/InterActiveCorp *	448,100		13,102,444
			59,544,004
Internet Service Provider - 6.17%
Google, Inc., Class A *	51,800		18,783,716
Yahoo!, Inc. *	379,500		12,166,770
			30,950,486
Leisure Time - 2.08%
Electronic Arts, Inc. *	200,700		10,430,379
Manufacturing - 4.63%
Tyco International, Ltd.	900,400		23,221,316
Pharmaceuticals - 1.49%
Pfizer, Inc.	285,785		7,484,709
Photography - 3.21%
Eastman Kodak Company	573,848		16,096,436
Retail Trade - 4.91%
Home Depot, Inc.	248,300		10,465,845
Sears Holdings Corp. *	117,700		14,176,965
			24,642,810
Sanitary Services - 1.87%
Waste Management, Inc.	281,400		9,359,364
Software - 1.87%
CA, Inc.	139,300		3,783,388
Intuit, Inc. *	115,500		5,610,990
			9,394,378
Telephone - 9.98%
Qwest Communications International, Inc. *	2,784,500		17,598,040
Sprint Corp.	1,350,600		32,454,918
			50,052,958
TOTAL COMMON STOCKS (Cost $461,836,364)		$	495,017,768

The accompanying notes are an integral part of the financial statements. 142

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Core Equity Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.96%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$4,831,429 on 03/01/2006,
collateralized by $5,005,000
Federal Home Loan Bank, 6.00%
due 11/15/2024 (valued at
$4,929,925 including interest) (c)	$	4,831,000	$	4,831,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,831,000)			$	4,831,000
Total Investments (Core Equity Fund)
(Cost $466,667,364) - 99.66%			$	499,848,768
Other Assets in Excess of Liabilities - 0.34%				1,718,584
TOTAL NET ASSETS - 100.00%			$	501,567,352
Emerging Growth Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.11%
Advertising - 2.33%
ValueClick, Inc. * (a)		100,484	$	1,759,475
Ventiv Health, Inc. *		73,781		2,055,539
				3,815,014
Aerospace - 0.95%
Teledyne Technologies, Inc. *		46,883		1,553,234
Apparel & Textiles - 3.35%
Guess, Inc. * (a)		56,215		2,034,421
Phillips - Van Heusen Corp. (a)		56,008		1,988,284
The Gymboree Corp. * (a)		63,500		1,451,610
				5,474,315
Banking - 3.36%
BankAtlantic Bancorp, Inc., Class A (a)		90,225		1,231,571
First Community Bancorp.		25,665		1,532,714
First Midwest Bancorp, Inc. (a)		32,598		1,096,271
Republic Bancorp, Inc. (a)		86,422		1,048,299
Wintrust Financial Corp. (a)		11,115		585,538
				5,494,393
Biotechnology - 4.79%
Applera Corp. - Celera Genomics Group * (a)		94,307		1,083,587
Arena Pharmaceuticals, Inc. * (a)		19,531		345,894
Cephalon, Inc. * (a)		10,740		853,615
Charles River Laboratories International, Inc. *		23,479		1,135,210
deCODE genetics, Inc. * (a)		96,663		910,566
Intermune, Inc. * (a)		53,151		1,013,058
Myriad Genetics, Inc. * (a)		55,706		1,430,530
Neurocrine Biosciences, Inc. * (a)		16,165		1,060,586
				7,833,046
Business Services - 4.27%
Euronet Worldwide, Inc. * (a)		33,404		1,171,144
Labor Ready, Inc. *		84,491		2,075,944

Emerging Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Navigant Consulting Company * (a)	62,704	$	1,222,101
TALX Corp. (a)	48,804		1,559,776
West Corp. *	21,855		951,348
			6,980,313
Cellular Communications - 2.85%
Brightpoint, Inc. *	58,575		1,657,087
Leap Wireless International, Inc. * (a)	33,838		1,424,918
UbiquiTel, Inc. * (a)	161,405		1,576,927
			4,658,932
Chemicals - 0.73%
Cytec Industries, Inc. (a)	22,375		1,193,483
Commercial Services - 1.48%
Chemed Corp. (a)	27,297		1,513,345
TNS, Inc. * (a)	56,268		905,915
			2,419,260
Computers & Business Equipment - 3.45%
Blue Coat Systems, Inc. * (a)	59,210		1,257,028
FileNET Corp. * (a)	55,360		1,424,966
Komag, Inc. * (a)	33,621		1,574,808
Parametric Technology Corp. *	91,457		1,391,979
			5,648,781
Construction Materials - 1.24%
Applied Industrial Technologies, Inc. (a)	47,522		2,032,991
Crude Petroleum & Natural Gas - 1.05%
Swift Energy Company * (a)	44,410		1,721,332
Domestic Oil - 3.62%
Berry Petroleum Company, Class A (a)	22,820		1,541,491
Giant Industries, Inc. * (a)	21,770		1,267,014
KCS Energy, Inc. * (a)	73,951		1,745,244
Oil States International, Inc. * (a)	39,665		1,369,632
			5,923,381
Drugs & Health Care - 0.79%
Cell Genesys, Inc. *	87,169		613,670
DOV Pharmaceutical, Inc. * (a)	35,520		683,760
			1,297,430
Educational Services - 0.63%
Education Management Corp. *	27,228		1,023,773
Electrical Equipment - 4.40%
Encore Wire Corp. * (a)	64,050		1,997,719
Greatbatch, Inc. * (a)	43,581		963,576
Watsco, Inc. (a)	24,184		1,683,690
Wesco International, Inc. * (a)	44,418		2,546,040
			7,191,025
Electrical Utilities - 0.77%
Pike Electric Corp. *	66,600		1,268,730
Electronics - 1.60%
Thomas & Betts Corp. * (a)	41,751		2,054,149
TTM Technologies, Inc. *	43,420		560,552
			2,614,701

The accompanying notes are an integral part of the financial statements. 143

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Emerging Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services - 0.88%
Raymond James Financial, Inc. (a)	33,682	$	1,447,652
Healthcare Products - 3.00%
DJ Orthopedics, Inc. * (a)	50,037		1,745,291
Haemonetics Corp. *	29,716		1,539,289
ICU Medical, Inc. *	8,911		312,776
Respironics, Inc. *	36,009		1,309,287
			4,906,643
Healthcare Services - 2.58%
American Retirement Corp. * (a)	84,910		2,285,777
Sierra Health Services, Inc. *	46,264		1,928,746
			4,214,523
Hotels & Restaurants - 1.18%
Choice Hotels, Inc. (a)	18,332		816,324
Sonic Corp. *	35,418		1,119,563
			1,935,887
Household Products - 1.13%
Central Garden & Pet Company * (a)	19,329		1,050,724
Tempur-Pedic International, Inc. * (a)	67,975		802,105
			1,852,829
Industrial Machinery - 1.68%
Ceradyne, Inc. * (a)	18,985		1,155,807
NATCO Group, Inc. * (a)	64,140		1,589,389
			2,745,196
Insurance - 2.54%
American Physicians Capital, Inc. * (a)	35,139		1,732,001
HCC Insurance Holdings, Inc.	38,966		1,254,316
Scottish Re Group, Ltd. (a)	47,100		1,177,500
			4,163,817
Internet Content - 0.80%
Jupitermedia Corp. * (a)	88,748		1,317,020
Internet Service Provider - 0.82%
Avocent Corp. *	40,003		1,336,500
Internet Software - 1.52%
F5 Networks, Inc. *	21,945		1,488,310
WebEx Communications, Inc. * (a)	35,635		993,504
			2,481,814
Leisure Time - 2.53%
Penn National Gaming, Inc. *	38,773		1,344,648
SCP Pool Corp. (a)	29,513		1,282,930
Shuffle Master, Inc. * (a)	57,754		1,509,112
			4,136,690
Life Sciences - 1.05%
PerkinElmer, Inc.	72,513		1,725,084
Medical-Hospitals - 1.13%
Cepheid, Inc. * (a)	97,586		893,888
Lifepoint Hospitals, Inc. *	30,801		956,679
			1,850,567

Emerging Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 2.64%
Commercial Metals Company (a)	30,863	$	1,397,785
Crown Holdings, Inc. *	75,742		1,386,079
Matthews International Corp., Class A	41,156		1,528,534
			4,312,398
Petroleum Services - 4.61%
Core Laboratories NV * (a)	38,557		1,767,839
Grey Wolf, Inc. * (a)	238,347		1,654,128
McDermott International, Inc. * (a)	40,097		2,067,000
W-H Energy Services, Inc. *	52,132		2,059,214
			7,548,181
Pharmaceuticals - 1.88%
First Horizon Pharmaceutical Corp. * (a)	56,051		1,150,166
Medicis Pharmaceutical Corp., Class A	23,814		677,270
PDL BioPharma, Inc. * (a)	13,410		419,867
Salix Pharmaceuticals, Ltd. * (a)	52,585		828,740
			3,076,043
Railroads & Equipment - 0.65%
Genesee & Wyoming, Inc., Class A *	23,107		1,057,145
Real Estate - 1.32%
Equity Inns, Inc., REIT (a)	139,363		2,157,339
Retail Trade - 6.22%
AnnTaylor Stores Corp. *	21,260		771,738
Coldwater Creek, Inc. * (a)	67,642		1,519,916
Hibbett Sporting Goods, Inc. *	44,588		1,430,383
Pantry, Inc. * (a)	38,827		2,297,393
Payless ShoeSource, Inc. * (a)	54,966		1,302,694
Stein Mart, Inc.	64,528		1,076,327
The Men's Wearhouse, Inc. * (a)	56,562		1,771,522
			10,169,973
Semiconductors - 7.85%
ATMI, Inc. * (a)	42,605		1,279,428
Brooks Automation, Inc. *	49,068		769,877
Emulex Corp. * (a)	79,527		1,415,581
LSI Logic Corp. *	153,958		1,501,091
Microsemi Corp. * (a)	49,244		1,514,253
MIPS Technologies, Inc., Class A *	102,221		858,656
MKS Instruments, Inc. * (a)	87,665		1,960,189
ON Semiconductor Corp. * (a)	355,399		2,342,080
Semtech Corp. *	34,940		656,173
Skyworks Solutions, Inc. * (a)	102,342		538,319
			12,835,647
Software - 4.61%
Advent Software, Inc. * (a)	44,050		1,224,590
ANSYS, Inc. * (a)	36,533		1,732,395
Hyperion Solutions Corp. *	29,878		1,002,407
Progress Software Corp. *	62,824		1,834,460
Transaction Systems Architects, Inc., Class A *	52,533		1,752,501
			7,546,353

The accompanying notes are an integral part of the financial statements. 144

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Emerging Growth Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services - 1.43%
ADTRAN, Inc. (a)		47,970	$	1,320,134
ECI Telecom, Ltd. ADR *		117,394		1,023,676
				2,343,810
Trucking & Freight - 1.40%
Old Dominion Freight Lines, Inc. * (a)		45,246		1,192,685
Plains All American Pipeline LP (a)		24,408		1,093,722
				2,286,407
TOTAL COMMON STOCKS (Cost $134,141,349)			$	155,591,652
SHORT TERM INVESTMENTS - 46.50%
Federal Home Loan Bank Discount Notes
zero coupon due 03/17/2006	$	1,500,000	$	1,497,070
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 03/14/2006		1,380,000		1,377,810
Rabobank USA Finance Corp.
4.56% due 03/01/2006		5,620,000		5,620,000
State Street Navigator Securities Lending
Prime Portfolio (c)		67,564,512		67,564,512
TOTAL SHORT TERM INVESTMENTS
(Cost $76,059,392)			$	76,059,392
Total Investments (Emerging Growth Fund)
(Cost $210,200,741) - 141.61%			$	231,651,044
Liabilities in Excess of Other Assets - (41.61)%				(68,068,939)
TOTAL NET ASSETS - 100.00%			$	163,582,105
Emerging Small Company Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.23%
Advertising - 1.73%
Marchex, Inc., Class B *		27,135	$	595,342
ValueClick, Inc. *		22,725		397,915
				993,257
Aerospace - 2.05%
ARGON ST, Inc. *		19,700		585,287
K&F Industries Holdings, Inc. *		17,000		263,160
Orbital Sciences Corp., Class A *		21,228		323,302
				1,171,749
Air Travel - 1.16%
JetBlue Airways Corp. *		26,300		299,820
Republic Airways Holdings, Inc. *		25,851		362,431
				662,251
Automobiles - 0.38%
Tenneco, Inc. *		9,700		219,705
Banking - 3.75%
Doral Financial Corp.		13,201		147,323
East West Bancorp, Inc.		9,516		358,658

Emerging Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
First State Bancorporation	16,733	$	432,046
Franklin Bank Corp. *	9,487		161,849
Greater Bay Bancorp	9,610		258,509
Hancock Holding Company	6,068		270,936
Signature Bank *	6,825		221,130
UCBH Holdings, Inc.	16,500		295,350
			2,145,801
Biotechnology - 4.12%
Coley Pharmaceutical Group, Inc. *	32,467		487,005
Digene Corp. *	11,484		476,127
Panacos Pharmaceuticals, Inc. *	12,901		93,919
Serologicals Corp. *	18,085		437,476
Telik, Inc. *	24,113		533,379
Trimeris, Inc. *	26,455		331,746
			2,359,652
Broadcasting - 0.06%
Entravision Communications Corp., Class A *	4,835		35,924
Building Materials & Construction - 0.78%
Beacon Roofing Supply, Inc. *	11,400		447,564
Business Services - 5.76%
BearingPoint, Inc. *	50,790		452,539
CDI Corp.	23,604		578,062
Global Cash Access, Inc. *	15,286		258,333
Global Payments, Inc.	11,918		620,451
Jackson Hewitt Tax Service, Inc.	9,976		283,318
LECG Corp. *	14,923		241,305
MAXIMUS, Inc.	9,274		338,594
Optimal Group, Inc. *	1,200		22,152
Quest Software, Inc. *	34,668		505,113
			3,299,867
Chemicals - 3.44%
Cabot Corp.	13,826		511,838
FMC Corp. *	10,270		624,519
Minerals Technologies, Inc.	8,294		443,978
Westlake Chemical Corp.	11,459		393,273
			1,973,608
Commercial Services - 0.36%
TNS, Inc. *	12,747		205,227
Computers & Business Equipment - 4.77%
FileNET Corp. *	20,998		540,488
Ixia *	25,400		306,324
Micros Systems, Inc. *	10,287		445,324
National Instruments Corp.	16,919		549,022
Trident Microsystems, Inc. *	16,200		452,628
Witness Systems, Inc. *	18,800		440,484
			2,734,270
Construction Materials - 0.28%
Clarcor, Inc.	4,728		160,043

The accompanying notes are an integral part of the financial statements. 145

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Emerging Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas - 0.61%
Western Refining, Inc. *	21,400	$	347,536
Domestic Oil - 2.43%
Denbury Resources, Inc. *	22,958		650,859
Oil States International, Inc. *	21,487		741,946
			1,392,805
Drugs & Health Care - 1.82%
DOV Pharmaceutical, Inc. *	14,600		281,050
Impax Laboratories, Inc. *	26,121		292,555
Parexel International Corp. *	18,364		470,486
			1,044,091
Educational Services - 0.96%
Lincoln Educational Services Corp. *	14,484		239,565
Strayer Education, Inc.	3,200		308,256
			547,821
Electrical Equipment - 5.11%
FLIR Systems, Inc. *	32,627		843,082
Greatbatch, Inc. *	21,354		472,137
Sirf Technology Holdings, Inc. *	14,000		524,020
Tektronix, Inc.	19,114		588,711
Varian, Inc. *	12,470		497,553
			2,925,503
Electronics - 1.91%
Electro Scientific Industries, Inc. *	17,426		434,953
Trimble Navigation, Ltd. *	16,079		657,792
			1,092,745
Energy - 0.96%
Headwaters, Inc. *	14,759		547,854
Financial Services - 4.29%
Advance America Cash Advance Centers,
Inc.	18,274		254,191
Capitalsource, Inc. *	28,529		702,099
Financial Federal Corp.	18,179		507,726
GFI Group, Inc. *	6,439		386,726
National Financial Partners Corp.	10,352		609,215
			2,459,957
Gas & Pipeline Utilities - 0.27%
Bill Barrett Corp. *	4,610		152,683
Healthcare Products - 3.60%
American Medical Systems Holdings, Inc. *	21,630		468,722
Merit Medical Systems, Inc. *	22,754		324,244
Molecular Devices Corp. *	11,694		372,220
STERIS Corp.	14,567		360,825
Symmetry Medical, Inc. *	3,948		81,802
The Medicines Company *	22,307		454,840
			2,062,653
Healthcare Services - 2.23%
Sierra Health Services, Inc. *	13,148		548,140
Symbion, Inc. *	10,731		253,037

Emerging Small Company Fund (continued)
	Shares or
	Principal
	Amount	Value
COMMON STOCKS (continued)
Healthcare Services (continued)
United Surgical Partners International, Inc. *	13,604 $	478,181
		1,279,358
Hotels & Restaurants - 3.12%
BJ's Restaurants, Inc. *	8,915	226,352
Four Seasons Hotels, Inc.	3,863	218,878
Orient Express Hotels, Ltd.	16,931	590,553
P.F. Chang's China Bistro, Inc. *	6,835	330,404
Panera Bread Company, Class A *	5,963	422,538
		1,788,725
Industrial Machinery - 2.81%
Flowserve Corp. *	16,367	841,264
FMC Technologies, Inc. *	5,580	261,814
Manitowoc, Inc.	6,605	509,047
		1,612,125
Insurance - 0.54%
Aspen Insurance Holdings, Ltd.	1,805	41,894
Max Re Capital, Ltd.	10,989	268,242
		310,136
Internet Content - 0.63%
RightNow Technologies, Inc. *	21,733	358,377
Internet Retail - 0.41%
Ariba, Inc. *	23,000	234,600
Internet Service Provider - 1.36%
Avocent Corp. *	10,498	350,738
Entrust, Inc. *	115,293	426,584
		777,322
Internet Software - 0.76%
Sapient Corp. *	58,144	436,080
Investment Companies - 0.59%
Ares Cap Corp.	19,637	340,506
Leisure Time - 1.93%
Gaylord Entertainment Company *	8,953	399,751
Penn National Gaming, Inc. *	20,372	706,501
		1,106,252
Manufacturing - 1.17%
Coherent, Inc. *	11,839	384,294
Mettler-Toledo International, Inc. *	4,709	285,177
		669,471
Medical-Hospitals - 2.43%
Psychiatric Solutions, Inc. *	16,812	555,301
RehabCare Group, Inc. *	11,057	223,130
VCA Antech, Inc. *	21,882	611,602
		1,390,033
Mining - 0.46%
Alpha Natural Resources, Inc. *	12,390	264,774
Mobile Homes - 0.65%
Winnebago Industries, Inc.	11,606	372,785

The accompanying notes are an integral part of the financial statements. 146

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Emerging Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services - 3.02%
Cal Dive International, Inc. *	25,012	$	880,672
Superior Energy Services, Inc. *	32,659		849,134
			1,729,806
Pharmaceuticals - 1.70%
Adams Respiratory Therapeutics, Inc. *	10,000		375,100
Angiotech Pharmaceuticals, Inc. *	30,410		472,267
Penwest Pharmaceuticals Company *	5,400		125,550
			972,917
Real Estate - 3.42%
Felcor Lodging Trust, Inc., REIT	14,700		291,795
Innkeepers USA Trust, REIT	24,119		422,806
Jones Lang Lasalle, Inc.	7,584		513,285
LaSalle Hotel Properties, REIT	8,400		335,580
MeriStar Hospitality Corp., REIT *	38,647		398,451
			1,961,917
Retail Trade - 2.72%
Cost Plus, Inc. *	14,458		277,449
Hot Topic, Inc. *	20,818		274,381
Regis Corp.	6,458		247,212
Tractor Supply Company *	8,033		507,525
Tuesday Morning Corp.	11,325		249,264
			1,555,831
Sanitary Services - 0.56%
Waste Connections, Inc. *	8,706		318,988
Semiconductors - 8.92%
Actel Corp. *	25,648		374,204
FormFactor, Inc. *	14,422		531,306
Microsemi Corp. *	21,777		669,643
Microtune, Inc. *	47,952		258,941
Netlogic Microsystems, Inc *	5,100		180,285
Power Integrations, Inc. *	24,469		607,565
Semtech Corp. *	30,951		581,260
Silicon Laboratories, Inc. *	20,498		983,494
Varian Semiconductor Equipment
Associates, Inc. *	19,229		906,840
ZILOG, Inc. *	8,197		18,525
			5,112,063
Software - 0.64%
THQ, Inc. *	15,287		366,888
Telecommunications Equipment &
Services - 2.60%
Arris Group, Inc. *	29,559		375,104
Essex Corp. *	20,253		455,693
Viasat, Inc. *	24,544		659,006
			1,489,803
Trucking & Freight - 3.96%
Forward Air Corp.	19,054		676,036
Knight Transportation, Inc.	33,681		666,547
Landstar Systems, Inc.	7,430		346,164
Oshkosh Truck Corp.	5,105		289,606

Emerging Small Company Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Trucking & Freight (continued)
Wabash National Corp.		14,600	$	291,562
				2,269,915
TOTAL COMMON STOCKS (Cost $48,656,873)			$	55,701,238
REPURCHASE AGREEMENTS - 1.54%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$883,079 on 3/01/2006,
collateralized by $915,000 Federal
Home Loan Bank, 6.00% due
11/15/2024 (valued at $901,275,
including interest) (c)	$	883,000	$	883,000
TOTAL REPURCHASE AGREEMENTS
(Cost $883,000)			$	883,000
Total Investments (Emerging Small Company Fund)
(Cost $49,539,873) - 98.77%			$	56,584,238
Other Assets in Excess of Liabilities - 1.23%				707,508
TOTAL NET ASSETS - 100.00%			$	57,291,746
Equity-Income Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.18%
Aerospace - 1.76%
Lockheed Martin Corp.		104,300	$	7,600,341
Raytheon Company		171,500		7,443,100
				15,043,441
Aluminum - 0.64%
Alcoa, Inc.		187,100		5,485,772
Auto Parts - 0.62%
Genuine Parts Company (a)		119,750		5,331,270
Automobiles - 0.18%
Ford Motor Company (a)		194,500		1,550,165
Banking - 4.47%
Bank of America Corp.		143,146		6,563,244
Bank of Ireland		195,100		3,477,196
Fifth Third Bancorp. (a)		241,462		9,332,506
Mercantile Bankshares Corp.		75,225		2,873,595
National City Corp. (a)		94,300		3,281,640
Northern Trust Corp.		54,900		2,894,328
SunTrust Banks, Inc.		88,000		6,368,560
Wells Fargo Company		51,200		3,287,040
				38,078,109
Biotechnology - 0.60%
MedImmune, Inc. *		139,700		5,097,653
Broadcasting - 0.61%
CBS Corp., Class B		211,200		5,165,952

The accompanying notes are an integral part of the financial statements. 147

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Equity-Income Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 0.26%
Cendant Corp.	132,200	$	2,197,164
Cable and Television - 3.55%
Cablevision Systems New York Group,
Class A * (a)	76,700		2,013,375
Comcast Corp., Class A *	295,061		7,916,487
EchoStar Communications Corp., Class A * (a)	105,300		3,092,661
Time Warner, Inc. (a)	611,900		10,591,989
Viacom, Inc. *	166,300		6,645,348
			30,259,860
Cellular Communications - 0.63%
Motorola, Inc.	251,800		5,388,520
Chemicals - 1.32%
Chemtura Corp.	149,624		1,657,834
E.I. Du Pont De Nemours & Company	196,000		7,887,040
Hercules, Inc. * (a)	146,700		1,738,395
			11,283,269
Computers & Business Equipment - 2.84%
Cisco Systems, Inc. *	306,000		6,193,440
Hewlett-Packard Company	237,299		7,785,780
International Business Machines Corp.	128,000		10,270,720
			24,249,940
Construction Materials - 0.63%
Vulcan Materials Company (a)	68,100		5,379,900
Cosmetics & Toiletries - 3.31%
Avon Products, Inc. (a)	224,100		6,465,285
Colgate-Palmolive Company	192,000		10,460,160
International Flavors & Fragrances, Inc. (a)	171,700		5,945,971
Kimberly-Clark Corp.	89,700		5,308,446
			28,179,862
Crude Petroleum & Natural Gas - 2.76%
Amerada Hess Corp.	67,600		9,349,756
ChevronTexaco Corp.	250,360		14,140,333
			23,490,089
Domestic Oil - 0.27%
Murphy Oil Corp.	49,600		2,324,752
Drugs & Health Care - 1.15%
Wyeth	197,200		9,820,560
Electrical Equipment - 3.48%
Cooper Industries, Ltd., Class A (a)	81,900		6,855,030
General Electric Company	693,900		22,808,493
			29,663,523
Electrical Utilities - 1.07%
FirstEnergy Corp. (a)	99,175		5,065,859
Pinnacle West Capital Corp.	60,300		2,475,315
TECO Energy, Inc.	94,900		1,618,994
			9,160,168
Electronics - 0.70%
Sony Corp.	124,200		5,929,348

Equity-Income Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 2.27%
Duke Energy Corp. (a)	287,100	$	8,153,640
Progress Energy, Inc.	142,600		6,328,588
Xcel Energy, Inc. (a)	260,700		4,838,592
			19,320,820
Financial Services - 7.96%
Charles Schwab Corp.	540,400		8,759,884
Citigroup, Inc.	96,996		4,497,704
Federal National Mortgage Association	75,000		4,101,000
Janus Capital Group, Inc.	28,500		625,005
JPMorgan Chase & Company	483,914		19,908,222
Mellon Financial Corp.	256,000		9,239,040
Morgan Stanley	196,100		11,699,326
State Street Corp. (a)(c)	143,900		8,990,872
			67,821,053
Food & Beverages - 3.49%
Campbell Soup Company	196,000		6,101,480
General Mills, Inc. (a)	150,300		7,402,275
H.J. Heinz Company	69,600		2,635,752
McCormick & Company, Inc. (a)	106,200		3,486,546
The Coca-Cola Company	240,800		10,106,376
			29,732,429
Gas & Pipeline Utilities - 0.86%
NiSource, Inc. (a)	358,000		7,349,740
Healthcare Products - 2.04%
Baxter International, Inc.	122,300		4,629,055
Boston Scientific Corp. *	179,300		4,378,506
Johnson & Johnson	145,100		8,365,015
			17,372,576
Hotels & Restaurants - 0.54%
McDonald's Corp.	131,200		4,580,192
Household Products - 1.50%
Fortune Brands, Inc.	63,900		4,955,445
Newell Rubbermaid, Inc. (a)	314,200		7,814,154
			12,769,599
Industrial Machinery - 1.84%
Deere & Company	137,100		10,456,617
Pall Corp. (a)	177,000		5,207,340
			15,663,957
Insurance - 5.52%
American International Group, Inc.	102,365		6,792,941
Chubb Corp.	42,700		4,088,525
Lincoln National Corp. (a)	128,098		7,272,124
Marsh & McLennan Companies, Inc.	444,200		13,730,222
SAFECO Corp.	53,800		2,771,238
St. Paul Travelers Companies, Inc.	154,049		6,621,026
UnumProvident Corp. (a)	276,900		5,729,061
			47,005,137
International Oil - 2.20%
Anadarko Petroleum Corp.	69,500		6,891,620

The accompanying notes are an integral part of the financial statements. 148

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Equity-Income Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil (continued)
Royal Dutch Shell PLC, ADR	196,100	$	11,860,128
			18,751,748
Leisure Time - 0.91%
Walt Disney Company	276,700		7,744,833
Liquor - 1.21%
Anheuser-Busch Companies, Inc.	247,600		10,285,304
Manufacturing - 2.11%
Eaton Corp.	46,700		3,253,589
Honeywell International, Inc. (a)	283,700		11,617,515
Tyco International, Ltd.	120,700		3,112,853
			17,983,957
Newspapers - 1.37%
Dow Jones & Company, Inc. (a)	170,000		6,910,500
Knight-Ridder, Inc. (a)	79,500		4,771,590
			11,682,090
Office Furnishings & Supplies - 0.84%
Avery Dennison Corp.	119,500		7,170,000
Paper - 1.95%
International Paper Company	395,925		12,974,462
MeadWestvaco Corp. (a)	131,200		3,649,984
			16,624,446
Petroleum Services - 3.27%
BP PLC, SADR (a)	112,192		7,451,793
Exxon Mobil Corp.	248,224		14,737,059
Schlumberger, Ltd.	49,100		5,646,500
			27,835,352
Pharmaceuticals - 5.05%
Abbott Laboratories	147,400		6,512,132
Bristol-Myers Squibb Company	239,400		5,530,140
Eli Lilly & Company (a)	76,100		4,232,682
Merck & Company, Inc.	348,900		12,162,654
Pfizer, Inc.	392,800		10,287,432
Schering-Plough Corp.	232,900		4,308,650
			43,033,690
Photography - 0.75%
Eastman Kodak Company (a)	229,100		6,426,255
Publishing - 2.08%
The New York Times Company, Class A (a)	315,100		8,892,122
Tribune Company (a)	289,300		8,852,580
			17,744,702
Railroads & Equipment - 2.32%
Norfolk Southern Corp.	117,400		6,008,532
Union Pacific Corp.	155,000		13,725,250
			19,733,782
Real Estate - 0.42%
Simon Property Group, Inc., REIT (a)	43,200		3,584,304
Retail Grocery - 0.26%
Sysco Corp.	73,000		2,196,570

Equity-Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade - 2.03%
Home Depot, Inc.		106,700	$	4,497,405
RadioShack Corp.		153,500		3,000,925
Wal-Mart Stores, Inc.		215,300		9,766,008
				17,264,338
Sanitary Services - 0.82%
Waste Management, Inc.		209,722		6,975,354
Semiconductors - 1.56%
Analog Devices, Inc.		147,100		5,610,394
Intel Corp.		191,500		3,944,900
Texas Instruments, Inc.		125,000		3,731,250
				13,286,544
Software - 1.27%
Microsoft Corp.		403,100		10,843,390
Telecommunications Equipment &
Services - 1.35%
Lucent Technologies, Inc. * (a)		595,500		1,667,400
Nokia Oyj, SADR		352,500		6,549,450
Telus Corp., Non Voting Shares		51,200		1,989,632
Telus Corp.		33,000		1,296,511
				11,502,993
Telephone - 5.33%
ALLTEL Corp.		132,700		8,380,005
AT&T Corp.		470,773		12,988,627
Qwest Communications International, Inc. * (a)		1,240,800		7,841,856
Sprint Corp.		353,300		8,489,799
Verizon Communications, Inc.		228,252		7,692,092
				45,392,379
Tobacco - 0.39%
UST, Inc. (a)		86,700		3,370,896
Toys, Amusements & Sporting Goods - 0.82%
Mattel, Inc.		414,000		6,975,900
TOTAL COMMON STOCKS (Cost $754,856,822)			$	811,103,647
CORPORATE BONDS - 0.28%
Telecommunications Equipment &
Services - 0.28%
Lucent Technologies, Inc.
8.00% due 08/01/2031 (a)	$	2,366,000		2,398,864
TOTAL CORPORATE BONDS (Cost $2,444,494)			$	2,398,864
SHORT TERM INVESTMENTS - 15.05%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	89,633,044	$	89,633,044
T. Rowe Price Reserve Investment Fund (c)		38,599,533		38,599,533
TOTAL SHORT TERM INVESTMENTS
(Cost $128,232,576)			$	128,232,577

The accompanying notes are an integral part of the financial statements. 149

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Equity-Income Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.29%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$2,499,222 on 03/01/2006,
collateralized by $2,575,000
Federal National Mortgage
Association, 5.7% due 03/27/2023
(valued at $2,549,250, including
interest) (c)	$	2,499,000	$	2,499,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,499,000)			$	2,499,000
Total Investments (Equity-Income Fund)
(Cost $888,032,892) - 110.80%			$	944,234,088
Liabilities in Excess of Other Assets - (10.80)%				(92,069,475)
TOTAL NET ASSETS - 100.00%			$	852,164,613
Fundamental Value Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.75%
Advertising - 0.25%
WPP Group PLC-Sponsored ADR (a)		28,451	$	1,649,873
Banking - 7.68%
Commerce Bancorp, Inc. (a)		104,800		3,476,216
Fifth Third Bancorp. (a)		119,929		4,635,256
Golden West Financial Corp. (a)		312,999		22,232,319
Lloyds TSB Group PLC-Sponsored ADR (a)		119,881		4,693,341
Wells Fargo Company		240,133		15,416,539
				50,453,671
Broadcasting - 0.96%
Liberty Media Corp., Series A *		391,700		3,227,608
News Corp. (a)		186,900		3,042,732
				6,270,340
Business Services - 4.35%
Dun & Bradstreet Corp. *		17,095		1,243,490
H & R Block, Inc. (a)		332,323		7,410,803
Iron Mountain, Inc. * (a)		228,742		9,996,026
Moody's Corp.		147,801		9,902,667
				28,552,986
Cable and Television - 2.54%
Comcast Corp.-Special Class A * (a)		622,557		16,653,400
Computers & Business Equipment - 2.03%
Dell, Inc. *		193,900		5,623,100
Hewlett-Packard Company		119,384		3,916,989
Lexmark International, Inc. * (a)		80,957		3,812,265
				13,352,354
Construction Materials - 1.59%
Martin Marietta Materials, Inc. (a)		59,479		5,799,203
Vulcan Materials Company (a)		58,670		4,634,930
				10,434,133

Fundamental Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Containers & Glass - 2.21%
Sealed Air Corp. * (a)	254,904	$	14,498,940
Cosmetics & Toiletries - 0.80%
Avon Products, Inc.	181,912		5,248,161
Crude Petroleum & Natural Gas - 6.54%
Devon Energy Corp.	241,409		14,153,810
EOG Resources, Inc. (a)	205,788		13,870,111
Occidental Petroleum Corp.	163,091		14,929,350
			42,953,271
Financial Services - 10.83%
Ameriprise Financial, Inc.	159,913		7,272,843
Citigroup, Inc.	304,319		14,111,272
HSBC Holdings PLC	1,040,772		17,779,490
JPMorgan Chase & Company	647,682		26,645,637
Morgan Stanley	66,975		3,995,729
State Street Corp. (c)	20,775		1,298,022
			71,102,993
Food & Beverages - 1.77%
Diageo PLC, SADR (a)	117,581		7,254,748
Hershey Foods Corp. (a)	84,883		4,341,765
			11,596,513
Healthcare Services - 2.89%
Cardinal Health, Inc. (a)	103,152		7,488,835
HCA, Inc. (a)	239,851		11,488,863
			18,977,698
Holdings Companies/Conglomerates - 5.24%
Berkshire Hathaway, Inc., Class A *	232		20,137,600
China Merchants Holdings
International Company, Ltd.	949,253		2,703,867
Loews Corp.	125,637		11,591,269
			34,432,736
Household Products - 0.17%
Hunter Douglas NV	18,840		1,134,235
Industrials - 0.27%
Cosco Pacific, Ltd.	825,415		1,739,407
Insurance - 10.62%
American International Group, Inc.	449,143		29,805,129
Aon Corp. (a)	136,908		5,422,926
Chubb Corp.	18,352		1,757,204
Markel Corp. *	1,247		409,702
Marsh & McLennan Companies, Inc.	149,348		4,616,347
Principal Financial Group, Inc.	41,542		2,023,926
Progressive Corp. (a)	165,699		17,804,357
Sun Life Financial, Inc.	26,071		1,137,217
Transatlantic Holdings, Inc. (a)	110,012		6,726,134
			69,702,942
International Oil - 3.30%
ConocoPhillips	355,850		21,692,616
Internet Retail - 0.35%
Expedia, Inc. * (a)	47,077		893,051

The accompanying notes are an integral part of the financial statements. 150

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Fundamental Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail (continued)
IAC/InterActiveCorp * (a)	47,077	$	1,376,531
			2,269,582
Liquor - 0.73%
Heineken Holding NV	138,125		4,808,237
Manufacturing - 5.72%
Harley-Davidson, Inc. (a)	217,732		11,433,107
Tyco International, Ltd.	1,013,988		26,150,751
			37,583,858
Mining - 0.44%
BHP Billiton PLC	85,117		1,433,152
Rio Tinto PLC	30,200		1,419,537
			2,852,689
Petroleum Services - 0.87%
Transocean, Inc. *	76,575		5,680,334
Pharmaceuticals - 1.11%
Caremark Rx, Inc. *	147,071		7,316,782
Publishing - 1.24%
Gannett Company, Inc.	31,418		1,952,943
Lagardere S.C.A.	80,087		6,196,371
			8,149,314
Real Estate - 1.40%
CenterPoint Properties Corp., REIT (a)	184,098		9,177,285
Retail Trade - 6.13%
Costco Wholesale Corp.	533,248		27,344,958
Wal-Mart Stores, Inc.	284,595		12,909,229
			40,254,187
Software - 1.43%
Microsoft Corp.	350,026		9,415,699
Telecommunications Equipment &
Services - 1.25%
Nokia Oyj, SADR	85,286		1,584,614
NTL, Inc. *	20,490		1,349,266
SK Telecom Company, Ltd., ADR	116,639		2,816,832
Telewest Global, Inc. * (a)	102,966		2,455,739
			8,206,451
Tobacco - 4.48%
Altria Group, Inc.	409,203		29,421,696
Travel Services - 4.70%
American Express Company	572,165		30,828,250
Trucking & Freight - 0.86%
Kuehne & Nagel International AG	6,550		1,978,112
United Parcel Service, Inc., Class B	49,142		3,671,399
			5,649,511
TOTAL COMMON STOCKS (Cost $591,504,405)		$	622,060,144

Fundamental Value Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES - 1.52%
GCO Education Loan Funding Trust, Series
2005-1, Class A6AR
zero coupon due 03/25/2042 (b)	$	10,000,000	$	10,000,000
TOTAL ASSET BACKED SECURITIES
(Cost $10,000,000)			$	10,000,000
SHORT TERM INVESTMENTS - 15.60%
Rabobank USA Financial Corp.
4.56% due 03/01/2006	$	23,974,000	$	23,974,000
State Street Navigator Securities Lending
Prime Portfolio (c)		78,446,424		78,446,424
TOTAL SHORT TERM INVESTMENTS
(Cost $102,420,424)			$	102,420,424
Total Investments (Fundamental Value Fund)
(Cost $703,924,829) - 111.87%			$	734,480,568
Liabilities in Excess of Other Assets - (11.87)%				(77,906,886)
TOTAL NET ASSETS - 100.00%			$	656,573,682
Global Bond Fund
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 1.57%
Treasury Inflation Protected
Securities (d) - 0.07%
2.00% due 01/15/2026 (a)***	$	396,676	$	399,000
U.S. Treasury Bonds - 1.37%
7.875% due 02/15/2021 (a)***		5,500,000		7,351,526
U.S. Treasury Notes - 0.13%
4.25% due 08/15/2013 to
11/15/2014 (a)***		700,000		682,570
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $8,415,899)			$	8,433,096
U.S. GOVERNMENT AGENCY OBLIGATIONS - 13.96%
Federal National Mortgage
Association - 13.96%
4.678% due 10/01/2044 (b)***		2,497,692		2,510,341
5.020% due 11/01/2035 (b)***		1,960,962		2,019,416
5.50% due 04/01/2034 to 02/01/2036 ***		47,213,637		46,861,923
5.50% TBA **		23,800,000		23,577,408
				74,969,088
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $74,876,610)			$	74,969,088
FOREIGN GOVERNMENT OBLIGATIONS - 27.28%
France - 3.33%
Government of France
5.50% due 04/25/2010	EUR	13,800,000		17,884,504
Germany - 14.47%
Federal Republic of Germany
4.25% due 01/04/2014 ***		4,800,000		6,038,058

The accompanying notes are an integral part of the financial statements. 151

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Germany (continued)
Federal Republic of Germany (continued)
5.00% due 01/04/2012 ***	EUR	5,100,000	$	6,609,490
5.25% due 07/04/2010 ***		13,400,000		17,248,985
5.50% due 01/04/2031		18,200,000		27,850,835
6.50% due 07/04/2027 ***		11,900,000		19,921,418
				77,668,786
Netherlands - 4.26%
Kingdom of Netherlands
zero coupon due 04/28/2006 ***		16,000,000		18,999,047
3.75% due 07/15/2014 ***		3,200,000		3,894,892
				22,893,939
United Kingdom - 5.22%
Government of United Kingdom
4.75% due 06/07/2010	GBP	15,700,000		28,011,117
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $147,778,790)			$	146,458,346
CORPORATE BONDS - 6.48%
Japan - 0.13%
Bank of Tokyo-Mitsubishi UFJ Ltd., Series EMTN
3.50% due 12/16/2015 (b)***	EUR	600,000		705,680
Luxembourg - 0.11%
VTB Capital SA for Vneshtorgbank, Series 144A
5.25% due 09/21/2007 (b)***	$	600,000		600,150
Netherlands - 0.46%
Rabobank Nederland
4.64% due 01/15/2009 (b)***		2,500,000		2,498,900
Spain - 0.47%
Santander US Debt SA Unipersonal, Series 144A
4.77% due 02/06/2009 (b)		2,500,000		2,499,090
United Kingdom - 0.22%
Royal Bank of Scotland Group PLC, Series 144A
4.50% due 12/21/2007 (b)***		1,200,000		1,199,944
United States - 5.09%
Atlantic & Western Re, Ltd., Series A
10.5194% due 01/09/2007 (b)		1,200,000		1,200,000
Bear Stearns Company, Inc.
4.8975% due 01/31/2011 (b)***		2,800,000		2,800,848
BellSouth Corp.
4.258% due 04/26/2006 (b)***		400,000		399,577
Cisco Systems, Inc.
4.85% due 02/20/2009 (a)(b)***		2,600,000		2,601,973
CIT Group, Inc., Series MTN
4.84% due 02/21/2008 (b)***		1,100,000		1,099,723
Citigroup, Inc.
4.5594% due 12/26/2008 (b)***		1,500,000		1,499,488
4.7075% due 01/30/2009 (b)***		3,000,000		2,998,581
CMS Energy Corp.
7.50% due 01/15/2009 (a)***		800,000		826,000
8.90% due 07/15/2008 ***		400,000		427,000
9.875% due 10/15/2007 ***		1,340,000		1,433,800

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
DaimlerChrysler NA Holding Corp., Series D, MTN
4.96% due 09/10/2007 (b)***	$	1,500,000	$	1,504,480
Dominion Resources, Inc., Series D
4.819% due 09/28/2007 (b)***		1,500,000		1,500,860
El Paso Corp.
7.625% due 08/16/2007 ***		100,000		102,125
General Electric Capital Corp., Series MTN
4.671% due 01/20/2010 (b)***		2,600,000		2,598,638
Genworth Global Funding Trusts
4.641% due 02/10/2009 (b)***		2,600,000		2,599,405
HCA, Inc.
7.125% due 06/01/2006 ***		1,200,000		1,205,239
Koch Forest Products, Inc.
6.88% due 12/20/2012		1,000,000		1,000,000
MCI, Inc.
7.688% due 05/01/2009 ***		200,000		206,000
Oracle Corp and Ozark Holding, Inc.
4.81% due 01/13/2009 (b)***		1,300,000		1,299,870
				27,303,607
TOTAL CORPORATE BONDS (Cost $34,825,045)			$	34,807,371
COLLATERALIZED MORTGAGE
OBLIGATIONS - 18.08%
Ireland - 0.28%
Paris Residential Funding PLC, Series 1X, Class A
2.51% due 07/25/2011 (b)***	EUR	1,254,163		1,497,542
Netherlands - 1.40%
Atomium Mortgage Finance BV,
Series 2003-I , Class A
2.314% due 07/01/2034 (b)***		1,328,575		1,587,344
Delphinus BV, Series 2001-II, Class A1
2.74% due 11/28/2031 (b)***		2,000,000		2,400,989
Delphinus BV, Series 2003-I, Class A1
2.41% due 04/25/2093 (b)***		1,000,000		1,199,302
Dutch Mortgage Portfolio Loans, BV,
Series III, Class A
2.854% due 11/20/2035 (b)***		1,932,249		2,317,351
				7,504,986
United States - 16.40%
American Home Mortgage Investment Trust,
Series 2004-3, Class 5A
4.29% due 10/25/2034 (b)***	$	1,024,520		1,000,334
Banc of America Commercial Mortgage, Inc.,
Series 2002-2 , Class A2
4.772% due 07/11/2043 ***		2,500,000		2,469,565
Banc of America Funding Corp.,
Series 2006-A, Class 1A1
4.6271% due 02/20/2036 (b)***		2,500,000		2,458,484
Banc of America Mortgage Securities,
Series 2004-4, Class 1A9
5.00% due 05/25/2034 ***		2,202,688		2,143,404
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-9, Class A1
4.625% due 10/25/2035 (b)***		4,355,711		4,252,311

The accompanying notes are an integral part of the financial statements. 152

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Bella Vista Mortgage Trust,
Series 2005-2, Class 2A1
4.82% due 05/20/2045 (b)***	$	2,732,934	$	2,753,058
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-11, Class 1A1
4.90% due 12/25/2035 (b)***		883,558		883,971
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-11, Class A2A
4.70% due 12/25/2035 ***		3,032,863		3,006,903
Commercial Mortgage Pass Through
Certificates, Series 2006-CN2A, Class A2FL
1.00% due 02/05/2019 (b)***		2,600,000		2,600,000
Countrywide Alternative Loan Trust,
Series 2005-11CB, Class 2A8
4.50% due 06/25/2035 ***		2,562,828		2,523,452
Countrywide Alternative Loan Trust,
Series 2005-81, Class A1
4.8606% due 02/25/2037 (b)***		6,284,677		5,943,848
Countrywide Alternative Loan Trust,
Series 2006-OA1, Class 2A1
4.80% due 02/25/2036 (b)***		2,600,000		2,600,000
Countrywide Home Loan Mortgage
Pass Through Trust, Series 2005-HYB9 , Class 5A1
5.25% due 02/20/2036 (b)***		1,084,456		1,074,535
Countrywide Home Loan Mortgage
Pass Through Trust, Series 2005-R2, Class 1AF1
4.9206% due 06/25/2035 (b)***		257,016		257,950
Countrywide Home Loans,
Series 2004-12, Class 14A2
4.8606% due 08/25/2034 (b)***		634,777		635,320
Countrywide Home Loans,
Series 2004-25, Class 1A1
4.9106% due 02/25/2035 (b)***		954,522		957,294
Countrywide Home Loans,
Series 2004-25, Class 2A1
4.9206% due 02/25/2035 (b)***		1,051,813		1,053,736
Countrywide Home Loans,
Series 2005-HYB9, Class 3A2A
5.25% due 02/20/2036 ***		1,076,937		1,066,874
CS First Boston Mortgage Securities Corp.,
Series 2005-CN2A, Class A1S
4.79% due 11/15/2019 (b)***		649,989		649,943
Federal Home Loan Mortgage Corp., Series
2004-2770, Class YW
4.00% due 06/15/2022		2,612,158		2,575,056
Federal Home Loan Mortgage Corp., Series
2004-2895, Class F
4.92% due 06/15/2031 (b)***		975,484		974,478
Federal Home Loan Mortgage Corp., Series 2844,
Class PR
5.00% due 09/15/2017 ***		673,428		671,559
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
4.678% due 02/25/2045 (b)***		938,914		947,521

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Federal National Mortgage Association
Grantor Trust, Series 2005-T3, Class A1A
4.6206% due 07/25/2035 (b)***	$	796,063	$	796,143
Federal National Mortgage Association
Grantor Trust, Series 2005-T4, Class A1B
4.6706% due 09/25/2035 (b)***		1,200,000		1,200,473
Federal National Mortgage Association,
Series 2003-W6, Class F
4.9306% due 09/25/2042 (b)***		1,251,250		1,258,477
Federal National Mortgage Association,
Series 2004-W2, Class 5AF
4.9306% due 03/25/2044 (b)***		1,118,395		1,119,681
Federal National Mortgage Association,
Series 2005-120, Class NF
4.6806% due 01/25/2021 (b)***		1,387,658		1,382,707
Federal National Mortgage Association,
Series 2006-15, Class FC
4.567% due 03/25/2036 (b)***		2,600,000		2,600,000
Federal National Mortgage Association,
Series 2006-5, Class 3A2
4.6893% due 05/25/2035 (b)***		1,200,000		1,180,875
First Republic Mortgage Loan Trust,
Series 2001-FRB1, Class A
4.92% due 11/15/2031 (b)***		884,828		888,070
GMAC Mortgage Corp Loan Trust,
Series 2004-J4, Class A1
5.50% due 09/25/2034 ***		1,435,438		1,423,199
GS Mortgage Securities Corp.,
Series 2003-1, Class A2
5.2806% due 01/25/2032 (b)***		1,128,363		1,139,537
Harborview Mortgage Loan Trust,
Series 2006-1, Class 2A1A
4.81% due 03/19/2037 (b)***		2,500,000		2,500,000
LB-UBS Commercial Mortgage Trust,
Series 2003-C1, Class A2
3.323% due 03/15/2027 ***		4,420,000		4,270,852
Mellon Residential Funding Corp.,
Series 2000-TBC3, Class A1
5.01% due 12/15/2030 (b)***		2,040,272		2,040,815
Merrill Lynch Mortgage Trust,
Series 2004-BPC1, Class A1
3.585% due 09/12/2041 ***		1,145,492		1,115,047
MLCC Mortgage Investors, Inc.,
Series 2003-C, Class A1
4.9106% due 06/25/2028 (b)***		2,283,591		2,291,074
Sequoia Mortgage Trust, Series 5, Class A
4.92% due 10/19/2026 (b)***		719,977		721,993
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A2
4.58% due 02/25/2034 (b)***		2,021,814		1,998,761
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-19, Class 2A1
5.288% due 01/25/2035 (b)***		3,352,276		3,356,466
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C16, Class A1
4.061% due 10/15/2041 ***		2,404,472		2,355,033

The accompanying notes are an integral part of the financial statements. 153

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Washington Mutual Mortgage Securities Corp.,
Series 2003-R1, Class A1
4.8506% due 12/25/2027 (b)***	$	1,882,507	$	1,881,881
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR13, Class A1A1
4.8706% due 10/25/2045 (b)***		580,462		583,140
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR2, Class 2A1A
4.8906% due 01/25/2045 (b)***		1,185,726		1,190,887
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR6, Class 2A1A
4.8106% due 04/25/2045 (b)***		2,002,729		2,006,079
Washington Mutual Mortgage Securities Corp.,
Series 2006-AR3, Class A1A
4.618% due 02/25/2046 (b)***		2,600,000		2,600,000
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR2, Class 2A1
4.95% due 03/25/2036 (b)***		2,700,000		2,673,633
				88,074,419
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $97,592,424)			$	97,076,947
ASSET BACKED SECURITIES - 18.87%
United States - 18.87%
AAA Trust, Series 2005-2, Class A1
4.705% due 11/26/2035 (b)***		2,417,033		2,420,231
ACE Securities Corp., Series 2006-HE1, Class A2A
4.64% due 02/25/2036 (b)***		2,600,000		2,600,000
ACE Securities Corp., Series 2006-NC1, Class A2A
4.6506% due 12/25/2035 (b)***		2,500,000		2,499,610
ACE Securities Corp., Series 2006-NC1, Class A2B
4.7306% due 12/25/2035 (b)***		2,500,000		2,500,390
Argent Securities, Inc., Series 2005-W4, Class A2A
4.7206% due 02/25/2036 (b)***		3,200,909		3,202,411
Carrington Mortgage Loan Trust,
Series 2005-NC3, Class A1A
4.6606% due 06/25/2035 (b)***		1,352,866		1,352,816
Countrywide Asset-Backed Certificates,
Series 2005-4, Class 3AV1
4.6606% due 10/25/2035 (b)***		1,356,746		1,356,898
Countrywide Asset-Backed Certificates,
Series 2006-1, Class AF1
4.71% due 02/25/2036 (b)***		2,700,000		2,700,845
Countrywide Asset-Backed Certificates,
Series 2006-3, Class 2A1
4.64% due 02/25/2036 (b)***		2,800,000		2,800,000
FBR Securitization Trust,
Series 2005-5, Class AV21
4.7006% due 11/25/2035 (b)***		1,017,489		1,017,531
First NLC Trust, Series 2005-3, Class AV1
4.6906% due 12/25/2035 (b)***		836,814		836,831
First NLC Trust, Series 2005-4, Class A1
4.7006% due 02/25/2036 (b)***		494,732		494,887

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
United States (continued)
GE-WMC Mortgage Securities LLC,
Series 2005-2, Class A2A
4.6806% due 12/25/2035 (b)***	$	373,991	$	373,582
GSAMP Trust, Series 2006-NC1, Class A1
4.641% due 02/25/2036 (b)***		2,600,000		2,600,000
GSAMP Trust, Series 2006-S1, Class A2A
4.6706% due 11/25/2035 (b)***		2,800,000		2,800,437
GSAMP Trust, Series 2006-SD1, Class A1
4.7006% due 12/25/2035 (b)***		2,556,956		2,557,355
GSR Mortgage Loan Trust,
Series 2005-HEL1, Class A2A
4.6806% due 11/25/2030 (b)***		2,426,656		2,426,656
Home Equity Asset Trust, Series 2005-8, Class 2A1
4.6906% due 02/25/2036 (b)***		1,028,857		1,029,061
Home Equity Mortgage Trust,
Series 2006-1, Class A1A1
4.661% due 04/25/2036 (b)***		2,600,000		2,600,000
JP Morgan Mortgage Acquisition Corp.,
Series 2006-FRE1, Class A2
4.6506% due 05/25/2035 (b)***		2,500,000		2,499,610
Long Beach Mortgage Loan Trust,
Series 2005-3, Class 2A1
4.7006% due 09/25/2035 (b)***		159,243		159,267
Long Beach Mortgage Loan Trust,
Series 2006-2, Class 2A1
4.64% due 03/25/2036 (b)		2,700,000		2,700,000
Long Beach Mortgage Loan Trust,
Series 2006-WL1, Class 2A1
4.67% due 01/25/2036 (b)***		4,100,000		4,102,056
Mastr Asset Backed Securities Trust,
Series 2005-NC2, Class A1
4.69% due 11/25/2035 (b)***		2,595,242		2,595,348
Mastr Asset Backed Securities Trust,
Series 2006-HE1, Class A1
4.66% due 01/25/2036 (b)***		2,700,000		2,700,000
Mastr Asset Backed Securities Trust,
Series 2006-NC1, Class A1
4.65125% due 01/25/2036 (b)***		2,700,000		2,700,000
MBNA Credit Card Master Note Trust,
Series 2001-A1, Class A
5.75% due 10/15/2008 ***		1,950,000		1,955,007
Metris Master Trust, Series 2001-2, Class A
4.89% due 11/20/2009 (b)***		4,100,000		4,102,362
Morgan Stanley Capital I,
Series 2004-HE9, Class A3A
2.24% due 11/25/2034 (b)		5,300,000		5,300,000
Nelnet Student Loan Trust, Series 2006-1, Class A1
4.75% due 08/23/2011 (b)***		2,600,000		2,599,594
New Century Home Equity Loan Trust,
Series 2005-B, Class A2A
4.7006% due 10/25/2035 (b)***		1,424,019		1,424,239
Nomura Asset Acceptance Corp.,
Series 2006-S1, Class A1
4.72% due 01/25/2036 (b)***		900,000		900,000

The accompanying notes are an integral part of the financial statements. 154

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
United States (continued)
Park Place Securities, Inc.,
Series 2004-WWF1, Class A1A
4.7506% due 02/25/2035 (b)***	$	1,008,426	$	1,008,487
Park Place Securities, Inc.,
Series 2005-WHQ4, Class A2A
4.6906% due 09/25/2035 (b)***		1,514,400		1,514,614
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AV1
4.6906% due 09/25/2035 (b)***		1,330,841		1,330,632
Residential Asset Mortgage Products, Inc.,
Series 2006-NC1, Class A1
4.6606% due 01/25/2036 (b)***		2,500,000		2,499,220
Residential Asset Mortgage Products, Inc.,
Series 2006-NC2, Class A1
4.64% due 02/25/2036 (b)		5,300,000		5,300,000
Residential Asset Securities Corp.,
Series 2005-EMX1, Class AI1
4.6806% due 03/25/2035 (b)***		1,392,467		1,392,629
Residential Asset Securities Corp.,
Series 2005-KS12, Class A1
4.6706% due 01/25/2036 (b)***		693,372		693,480
Residential Asset Securities Corp.,
Series 2006-EMX1, Class A1
4.6606% due 01/25/2036 (b)***		2,500,000		2,500,000
Residential Asset Securities Corp.,
Series 2006-KS2, Class A1
4.64% due 03/25/2036 (b)***		1,100,000		1,099,828
Securitized Asset Backed Receivables LLC Trust,
Series 2005-FR4, Class A2A
4.7006% due 01/25/2036 (b)***		1,562,751		1,562,920
SLM Student Loan Trust, Series 2003-11, Class A2
4.5413% due 03/15/2013 (b)***		1,940,572		1,940,370
Soundview Home Equity Loan Trust,
Series 2005-A, Class A
4.7506% due 04/25/2035 (b)***		759,764		759,917
Soundview Home Equity Loan Trust,
Series 2005-B, Class A1
4.6906% due 05/25/2035 (b)***		352,425		352,397
Specialty Underwriting & Residential Finance,
Series 2006-BC1, Class A2A
4.65% due 12/25/2036 (b)***		2,700,000		2,701,557
Structured Asset Investment Loan Trust,
Series 2005-6, Class A7
4.6706% due 07/25/2035 (b)***		1,271,270		1,271,461
Structured Asset Securities Corp.,
Series 2005-S7, Class A1
4.7106% due 12/25/2035 (b)***		3,308,591		3,308,468
Structured Asset Securities Corp.,
Series 2005-WF1, Class A1
4.6706% due 02/25/2035 (b)***		172,166		172,171
				101,315,175
TOTAL ASSET BACKED SECURITIES
(Cost $101,310,934)			$	101,315,175

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS - 0.19%
United States - 0.19%
Chicago Mercantile Exchange American Purchase
Call on Eurodollar
Expiration 03/13/2006 at $95.25 *		1,225,000	$	3,062
Chicago Mercantile Exchange American Purchase
Put on Eurodollar
Expiration 12/18/2006 at $92.50 *		137,500		344
Chicago Mercantile Exchange American Purchase
Put on Eurodollar Futures
Expiration 09/18/2006 at $92.75 *		812,500		2,031
Chicago Mercentile Exchange American Purchase
Put on Eurodollar
Expiration 03/13/2006 at $95.125 *		500,000		10,000
Eurodollar Futures
Expiration 06/19/2006 at $0.00 *		1,290,000		77,400
Expiration 06/19/2006 at $0.00 *		1,042,500		135,525
Interest Rate Swap
Expiration 06/16/2006 at $3.45 *		3,000,000		25,511
Expiration 06/12/2006 at $4.10 *		4,900,000		152,296
Expiration 04/28/2006 at $5.50 *		10,000,000		0
Over The Counter European Style Call
Expiration 08/08/2006 at $4.75 *		143,300,000		427,894
Expiration 12/22/2006 at $4.80 *		18,200,000		126,126
Over The Counter European Style Put
Expiration 03/06/2006 at $5.50 *		97,000,000		0
Expiration 04/05/2006 at $5.50 *		22,000,000		0
Expiration 05/26/2006 at $115.00 *		1,000,000		20,217
United States Treasury Notes 10yrs Futures
Expiration 05/26/2006 at $101.00 *		718,000		11,219
United States Treasury Notes 5yrs Futures
Expiration 05/26/2006 at $101.00 *		1,850,000		28,906
				1,020,531
TOTAL OPTIONS (Cost $1,346,383)			$	1,020,531
SHORT TERM INVESTMENTS - 32.28%
Bank of Ireland
4.605% due 05/09/2006 ***	$	14,200,000	$	14,074,667
Barclays U.S. Funding LLC
4.675% due 05/22/2006 ***		2,900,000		2,869,119
CBA (Delaware) Finance, Inc.
4.50% due 03/14/2006 ***		14,600,000		14,576,275
Danske Corp.
4.49% due 04/24/2006 ***		11,500,000		11,422,547
4.51% due 04/26/2006 ***		1,900,000		1,886,670
Dexia Delaware LLC
4.50% due 03/10/2006 ***		9,000,000		8,989,875
Federal National Mortgage Association
Discount Notes
zero coupon due 03/15/2006 ***		2,900,000		2,895,134
HBOS PLC Treasury
4.67% due 05/23/2006 ***		5,100,000		5,045,089
ING US Funding LLC
4.50% due 03/16/2006 ***		14,600,000		14,572,625
Ixis Corp.
4.60% due 05/04/2006 ***		14,200,000		14,083,875
National Australia Funding (Delaware), Inc.
4.50% due 03/16/2006 ***		14,600,000		14,572,625

The accompanying notes are an integral part of the financial statements. 155

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Global Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Societe Generale North America, Inc.
4.34% due 03/06/2006	$	1,700,000	$	1,698,975
4.34% due 03/06/2006 ***		7,700,000		7,695,359
4.43% due 04/20/2006 ***		700,000		695,693
State Street Navigator Securities Lending
Prime Portfolio (c)		13,793,450		13,793,450
Swedbank (Foreningssparbanken AB)
4.405% due 03/28/2006 ***		600,000		598,018
4.605% due 05/09/2006 ***		14,200,000		14,074,667
UBS Finance (Delaware) LLC
4.22% due 03/02/2006 ***		8,500,000		8,499,004
4.48% due 04/20/2006 ***		1,400,000		1,391,289
4.66% due 05/22/2006 ***		500,000		494,693
United States Treasury Bills
zero coupon due 03/16/2006 *** ****		4,915,000		4,906,458
Westpac Trust Securities NZ, Ltd.
4.66% due 05/22/2006 ***		14,600,000		14,445,029
TOTAL SHORT TERM INVESTMENTS
(Cost $173,100,974)			$	173,281,136
REPURCHASE AGREEMENTS - 2.44%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$13,070,162 on 03/01/2006,
collateralized by $13,520,000
Federal Home Loan Bank, 4.25%
due 03/17/2010 (valued at
$13,334,100, including interest) (c)***	$	13,069,000	$	13,069,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,069,000)			$	13,069,000
Total Investments (Global Bond Fund)
(Cost $652,316,059) - 121.15%			$	650,430,690
Liabilities in Excess of Other Assets - (21.15)%				(113,561,954)
TOTAL NET ASSETS - 100.00%			$	536,868,736
High Yield Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 1.03%
Broadcasting - 0.17%
Liberty Global, Inc., Class A *		62,079	$	1,260,824
Liberty Global, Inc., Series C * (a)		62,079		1,204,333
				2,465,157
Cellular Communications - 0.32%
American Tower Corp., Class A * (a)		148,992		4,742,415
Electrical Utilities - 0.01%
Mirant Corp. *		4,534		111,537
Household Products - 0.17%
Home Interiors *		9,260,656		2,500,377

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Internet Content - 0.00%
Globix Corp. * (a)		15,039	$	27,822
Telecommunications Equipment &
Services - 0.36%
NTL, Inc. * (a)		42,175		2,777,224
Telewest Global, Inc. * (a)		105,478		2,515,650
				5,292,874
Telephone - 0.00%
XO Communications, Inc. * (a)		821		1,872
TOTAL COMMON STOCKS (Cost $13,945,938)			$	15,142,054
PREFERRED STOCKS - 0.09%
Auto Parts - 0.02%
Delphi Trust I * (a)		54,282		314,835
Broadcasting - 0.07%
Spanish Broadcasting System, Series B *		1,000		1,080,000
Telecommunications Equipment &
Services - 0.00%
McLeodUSA, Inc., Class A *		2,985		30
Song Networks Holding AB *		4,951		0
				30
TOTAL PREFERRED STOCKS (Cost $1,488,911)			$	1,394,865
WARRANTS - 0.04%
Cellular Communications - 0.02%
American Tower Escrow Corp.
(Expiration date 08/01/2008; strike
price 0.01) *		537		240,700
Government of Mexico - 0.02%
Government of Mexico
(Expiration Date 10/10/2006; strike
price $25.00) *		22,500		101,250
(Expiration date 09/01/2006; strike
price $35.00) *		17,400		125,280
(Expiration date 11/09/2006; strike
price $22.50) *		28,000		92,400
				318,930
TOTAL WARRANTS (Cost $387,910)			$	559,630
FOREIGN GOVERNMENT OBLIGATIONS - 10.33%
Argentina - 0.60%
Republic of Argentina
zero coupon, Step up to 2.5% on
03/31/2009 due 12/31/2038 (a)	$	575,000		230,575
zero coupon due 12/15/2035 (b)	EUR	1,225,000		108,799
.34% due 12/15/2035 (b)	ARS	12,240,355		248,673
4.50% due 12/15/2035 (a)(b)	$	575,000		43,700
4.889% due 08/03/2012 (b)		1,984,238		1,628,067
5.83% due 12/31/2033 (b)	ARS	5,868,661		2,507,770
7.00% due 03/18/2049	EUR	6,100,000,000		1,179,682
7.00% due 03/18/2004 ^		625,000		240,293
7.50% due 05/23/2049		935,172		412,045

The accompanying notes are an integral part of the financial statements. 156

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Argentina (continued)
Republic of Argentina (continued)
7.625 due 08/11/2007	EUR	505,000,000	$	96,777
8.00% due 02/26/2008		304,137		118,055
8.00% due 10/30/2009		175,000,000		32,938
8.125% due 04/21/2008		625,000		239,547
8.125% due 10/04/2049		375,000		139,079
8.50% due 02/23/2049		425,000		85,099
9.00% due 05/26/2009		100,000		37,374
9.00% due 06/20/2049		600,000		228,070
9.25% due 10/21/2049		225,000		83,233
9.50% due 03/04/2049		456,000		180,264
9.75% due 11/26/2049		425,000		156,306
11.75% due 05/20/2011		2,425,000		473,739
11.75% due 11/13/2026		1,800,000		341,767
				8,811,852
Brazil - 2.43%
Federative Republic of Brazil
5.1875% due 04/15/2009 (a)(b)	$	1,507,692		1,503,923
5.1875% due 04/15/2009 (b)		3,402,000		3,402,000
5.25% due 04/15/2009 (b)		1,853,100		1,851,988
5.25% due 04/15/2012 (b)		4,453,729		4,453,729
7.875% due 03/07/2015 (a)		2,685,000		3,001,830
8.00% due 01/15/2018 (a)		8,610,000		9,638,895
8.25% due 01/20/2034 (a)		5,850,000		6,961,500
8.75% due 02/04/2025		1,395,000		1,684,463
10.50% due 07/14/2014 (a)		225,000		289,687
12.25% due 03/06/2030		1,875,000		3,046,875
				35,834,890
Bulgaria - 0.16%
Republic of Bulgaria
8.25% due 01/15/2015 (a)		1,925,000		2,311,733
China - 0.03%
People's Republic of China
4.75% due 10/29/2013		525,000		513,863
Colombia - 0.45%
Republic of Colombia
8.125% due 05/21/2024 (a)		500,000		584,500
10.375% due 01/28/2033 (a)		2,030,000		2,958,725
10.75% due 01/15/2013 (a)		1,700,000		2,176,000
11.75% due 02/25/2020		575,000		861,062
				6,580,287
Costa Rica - 0.01%
Republic of Costa Rica
6.548% due 03/20/2014		25,000		25,337
8.05% due 01/31/2013		175,000		191,713
				217,050
Ecuador - 0.15%
Republic of Ecuador
zero coupon, Step up to 10% on
08/15/2006 due 08/15/2030 (b)		1,675,000		1,658,250

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Ecuador (continued)
Republic of Ecuador, Series REGS (continued)
9.375% due 12/15/2015	$	600,000	$	628,998
				2,287,248
El Salvador - 0.11%
Republic of El Salvador
7.75% due 01/24/2023		975,000		1,101,750
8.25% due 04/10/2032		390,000		457,275
				1,559,025
Mexico - 1.89%
Government of Mexico
5.875% due 01/15/2014		4,900,000		5,022,500
6.375% due 01/16/2013		7,465,000		7,860,645
6.625% due 03/03/2015		3,375,000		3,653,438
8.00% due 09/24/2022		3,925,000		4,857,187
8.125% due 12/30/2019		800,000		990,000
8.30% due 08/15/2031		525,000		687,750
8.375% due 01/14/2011		500,000		564,500
10.375% due 02/17/2009		1,075,000		1,225,500
11.375% due 09/15/2016		2,075,000		3,046,100
				27,907,620
Panama - 0.20%
Republic of Panama
9.375% due 04/01/2029		2,150,000		2,816,500
9.625% due 02/08/2011		150,000		175,500
				2,992,000
Peru - 0.60%
Republic of Peru
5.00% Step up to 6.89% on 03/07/2007
due 03/07/2017 (b)		3,300,500		3,242,741
5.00% Step up to 6.94% on 03/07/2007
due 03/07/2017 (b)		465,500		455,026
7.35% due 07/21/2025		1,053,000		1,113,548
8.375% due 05/03/2016 (a)		290,000		336,400
8.75% due 11/21/2033 (a)		2,300,000		2,817,500
9.125% due 02/21/2012		425,000		490,875
9.875% due 02/06/2015		275,000		342,375
				8,798,465
Philippines - 0.58%
Republic of Philippines
8.00% due 01/15/2016 (a)		750,000		805,313
8.25% due 01/15/2014 (a)		700,000		757,750
8.875% due 03/17/2015		375,000		424,687
9.375% due 01/18/2017		300,000		349,125
9.50% due 02/02/2030 (a)		1,900,000		2,275,250
10.625% due 03/16/2025 (a)		3,050,000		3,957,375
				8,569,500
Poland - 0.12%
Republic of Poland
5.25% due 01/15/2014 (a)		1,775,000		1,785,650

The accompanying notes are an integral part of the financial statements. 157

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Russia - 1.31%
Russian Federation
5.00% due 03/31/2030	$	10,550,000	$	11,915,170
8.25% due 03/31/2010		1,045,000		1,105,296
11.00% due 07/24/2018		2,150,000		3,184,365
12.75% due 06/24/2028		1,680,000		3,110,016
				19,314,847
South Africa - 0.13%
Republic of South Africa
6.50% due 06/02/2014		1,075,000		1,159,656
9.125% due 05/19/2009		675,000		750,938
				1,910,594
Turkey - 0.90%
Republic of Turkey
7.00% due 06/05/2020 (a)		1,750,000		1,817,813
7.25% due 03/15/2015		2,400,000		2,565,000
7.375% due 02/05/2025		3,350,000		3,576,125
9.50% due 01/15/2014 (a)		2,025,000		2,435,063
11.00% due 01/14/2013		300,000		384,375
11.75% due 06/15/2010		450,000		549,000
11.875% due 01/15/2030 (a)		1,225,000		1,938,562
				13,265,938
Ukraine - 0.09%
Republic of Ukraine
7.65% due 06/11/2013 (a)		1,306,000		1,404,995
Uruguay - 0.07%
Republic of Uruguay
7.25% due 02/15/2011		650,000		682,500
7.50% due 03/15/2015		325,000		344,500
				1,027,000
Venezuela - 0.50%
Republic of Venezuela
zero coupon due 04/15/2020		305,000		96,075
5.375% due 08/07/2010		375,000		366,562
6.75% due 03/31/2020		250,000		250,313
7.65% due 04/21/2025 (a)		2,675,000		2,915,750
10.75% due 09/19/2013		3,000,000		3,780,000
				7,408,700
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $144,856,731)			$	152,501,257
CORPORATE BONDS - 78.85%
Advertising - 1.57%
Lamar Media Corp.
6.625% due 08/15/2015		3,375,000		3,412,969
R H Donnelley Finance Corp.
8.875% due 01/15/2016		7,900,000		8,235,750
RH Donnelley Corp.
6.875% due 01/15/2013		1,650,000		1,551,000
6.875% due 01/15/2013		3,200,000		3,008,000
RH Donnelley Finance Corp., Series I
10.875% due 12/15/2012		2,300,000		2,587,500

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Advertising (continued)
Vertis, Inc.
9.75% due 04/01/2009	$	4,225,000	$	4,372,875
				23,168,094
Aerospace - 1.04%
Alliant Techsystems, Inc.
8.50% due 05/15/2011		1,850,000		1,935,562
Argo-Tech Corp.
9.25% due 06/01/2011		1,625,000		1,722,500
DRS Technologies, Inc.
6.875% due 11/01/2013 (a)		4,925,000		4,912,687
Sequa Corp.
9.00% due 08/01/2009 (a)		2,800,000		3,017,000
Sequa Corp., Series B
8.875% due 04/01/2008		3,575,000		3,744,813
				15,332,562
Agriculture - 0.89%
Case New Holland, Inc.
7.125% due 03/01/2014		4,575,000		4,586,437
9.25% due 08/01/2011		1,825,000		1,957,312
Hines Nurseries, Inc.
10.25% due 10/01/2011		450,000		449,438
IOWA Select Farms, LP
6.50% due 12/01/2012		1,550,000		1,550,000
UAP Holding Corp.
zero coupon, Step up to 10.75% on
01/15/2008 due 07/15/2012		4,575,000		4,083,188
United Agri Products, Inc.
8.25% due 12/15/2011		525,000		553,875
				13,180,250
Air Travel - 0.07%
Continental Airlines, Inc.
6.541% due 09/15/2008		620,945		583,840
6.80% due 07/02/2007		557,573		524,693
				1,108,533
Aluminum - 0.27%
IMCO Recycling, Inc.
10.375% due 10/15/2010		3,575,000		3,932,500
Amusement & Theme Parks - 0.30%
Six Flags, Inc.
9.625% due 06/01/2014		3,325,000		3,374,875
9.75% due 04/15/2013		1,000,000		1,022,500
				4,397,375
Apparel & Textiles - 1.15%
Collins & Aikman Floorcoverings, Inc.
9.75% due 02/15/2010		3,225,000		3,047,625
Levi Strauss & Company
7.73% due 04/01/2012		1,075,000		1,109,937
9.75% due 01/15/2015		3,650,000		3,887,250
12.25% due 12/15/2012		2,550,000		2,913,375
Oxford Industries, Inc.
8.875% due 06/01/2011		1,925,000		1,982,750
Quiksilver, Inc.
6.875% due 04/15/2015 (a)		2,743,000		2,646,995

The accompanying notes are an integral part of the financial statements. 158

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Apparel & Textiles (continued)
Tommy Hilfiger USA, Inc.
6.85% due 06/01/2008	$	1,300,000	$	1,339,000
				16,926,932
Auto Parts - 1.00%
CSK Auto, Inc.
7.00% due 01/15/2014		3,825,000		3,595,500
Keystone Automotive Operations
9.75% due 11/01/2013		3,400,000		2,966,500
Rexnord Corp.
10.125% due 12/15/2012		750,000		825,000
Tenneco Automotive, Inc.
8.625% due 11/15/2014 (a)		3,300,000		3,283,500
10.25% due 07/15/2013		1,100,000		1,218,250
TRW Automotive, Inc.
9.375% due 02/15/2013		2,575,000		2,793,875
11.00% due 02/15/2013 (a)		125,000		140,312
				14,822,937
Automobiles - 2.94%
Ford Motor Company
6.625% due 10/01/2028		1,050,000		703,500
7.45% due 07/16/2031 (a)		36,325,000		25,790,750
8.90% due 01/15/2032		1,425,000		1,097,250
General Motors Corp.
8.25% due 07/15/2023 (a)		2,425,000		1,667,188
8.375% due 07/15/2033 (a)		17,475,000		12,319,875
Hertz Corp., Class A
8.875% due 01/01/2014		1,700,000		1,776,500
				43,355,063
Broadcasting - 2.22%
CanWest Media, Inc.
8.00% due 09/15/2012		6,054,009		6,205,359
Charter Communications Holdings
zero coupon, Step up to 11.75% on
05/15/2006 due 05/15/2014		5,900,000		3,068,000
zero coupon, Step up to 12.125% on
01/15/2007 due 01/15/2015 (a)		525,000		241,500
9.92% due 04/01/2014		175,000		91,000
11.00% due 10/01/2015		13,975,000		11,756,469
Charter Communications Operating LLC
8.00% due 04/30/2012		75,000		75,562
8.375% due 04/30/2014		1,525,000		1,536,438
CSC Holdings, Inc.
7.00% due 04/15/2012		2,550,000		2,467,125
7.25% due 07/15/2008		550,000		556,875
7.625% due 07/15/2018		300,000		292,125
8.125% due 08/15/2009 (a)		2,575,000		2,655,469
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		700,000		705,250
8.125% due 07/15/2009		50,000		51,562
Emmis Communications Corp.
10.3663% due 06/15/2012 (a)(b)		848,571		848,571
Liberty Media Corp.
5.70% due 05/15/2013 (a)		50,000		46,831
7.875% due 07/15/2009 (a)		25,000		26,313

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
Liberty Media Corp. (continued)
8.25% due 02/01/2030	$	25,000	$	25,109
Radio One, Inc.
6.375% due 02/15/2013 (a)		843,000		809,280
8.875% due 07/01/2011		900,000		945,000
Salem Communications Holding Corp.
9.00% due 07/01/2011		350,000		367,500
				32,771,338
Building Materials & Construction - 0.46%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014 (a)		2,525,000		1,338,250
Brand Services, Inc.
12.00% due 10/15/2012		1,175,000		1,248,437
NTK Holdings, Inc.
zero coupon, Step up to 10.75% on
03/01/14 due 03/01/2014		2,725,000		1,907,500
Texas Industries, Inc.
7.25% due 07/15/2013		2,175,000		2,251,125
				6,745,312
Business Services - 2.09%
Allied Security Escrow Corp.
11.375% due 07/15/2011		375,000		352,500
Buhrmann US, Inc.
7.875% due 03/01/2015		2,625,000		2,618,437
Cardtronics, Inc.
9.25% due 08/15/2013		575,000		572,125
CB Richard Ellis Services, Inc.
11.25% due 06/15/2011		500,000		533,750
Conveo Corp.
7.875% due 12/01/2013 (a)		3,325,000		3,291,750
Interep National Radio Sales, Inc., Series B, Class A
10.00% due 07/01/2008 (a)		1,475,000		1,255,594
Invensys PLC
9.875% due 03/15/2011 (a)		3,600,000		3,726,000
Iron Mountain, Inc.
6.625% due 01/01/2016		100,000		94,250
7.75% due 01/15/2015		7,350,000		7,441,875
8.625% due 04/01/2013		2,275,000		2,371,688
SunGard Data Systems, Inc.
9.125% due 08/15/2013 (a)		1,600,000		1,702,000
Universal Compression, Inc.
7.25% due 05/15/2010 (a)		775,000		802,125
Xerox Capital Trust I
8.00% due 02/01/2027		5,690,000		5,889,150
Xerox Corp.
7.20% due 04/01/2016 (a)		50,000		53,250
9.75% due 01/15/2009		100,000		109,750
				30,814,244
Cable and Television - 3.35%
Atlantic Broadband Finance LLC
9.375% due 01/15/2014		2,700,000		2,511,000
CCO Holdings LLC
8.75% due 11/15/2013		575,000		560,625

The accompanying notes are an integral part of the financial statements. 159

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable and Television (continued)
DirecTV Holdings LLC
6.375% due 06/15/2015	$	7,850,000	$	7,820,562
8.375% due 03/15/2013		1,625,000		1,742,812
Echostar DBS Corp.
6.375% due 10/01/2011		100,000		97,750
6.625% due 10/01/2014		10,075,000		9,797,937
7.125% due 02/01/2016		2,525,000		2,499,750
Insight Communications, Inc.
zero coupon, Step up to 12.25% on
02/15/2006 due 02/15/2011 (a)		100,000		106,250
Lodgenet Entertainment Corp.
9.50% due 06/15/2013		2,625,000		2,835,000
Mediacom Broadband LLC
8.50% due 10/15/2015		375,000		360,000
11.00% due 07/15/2013 (a)		1,575,000		1,685,250
Mediacom LLC/Mediacom Capital Corp.
9.50% due 01/15/2013		2,925,000		2,925,000
Rainbow National Services LLC
8.75% due 09/01/2012		1,375,000		1,481,562
10.375% due 09/01/2014 (a)		3,000,000		3,393,750
Renaissance Media Group, LLC
10.00% due 04/15/2008		50,000		50,063
Rogers Cable, Inc.
6.25% due 06/15/2013		225,000		223,594
8.75% due 05/01/2032		750,000		890,625
Shaw Communications, Inc.
8.25% due 04/11/2010 (a)		25,000		26,813
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		4,700,000		4,799,875
8.75% due 12/15/2011		550,000		578,188
Videotron Ltee
6.375% due 12/15/2015		1,375,000		1,361,250
Young Broadcasting, Inc.
8.75% due 01/15/2014 (a)		50,000		42,000
10.00% due 03/01/2011 (a)		4,125,000		3,686,719
				49,476,375
Cellular Communications - 2.69%
American Tower Corp.
5.00% due 02/15/2010		600,000		593,250
7.25% due 12/01/2011		75,000		78,750
7.50% due 05/01/2012		3,400,000		3,587,000
Centennial Communications Corp.
8.125% due 02/01/2014 (a)		1,525,000		1,555,500
10.125% due 06/15/2013		3,950,000		4,325,250
10.25% due 01/01/2013 (b)		1,200,000		1,239,000
10.75% due 12/15/2008		125,000		127,656
Dobson Cellular Systems, Inc.
8.375% due 11/01/2011 (a)		600,000		636,000
Nextel Communications, Inc.
6.875% due 10/31/2013		900,000		942,210
7.375% due 08/01/2015		13,500,000		14,277,249
Rogers Wireless, Inc.
7.50% due 03/15/2015		2,725,000		2,956,625
9.625% due 05/01/2011		100,000		115,750

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
SBA Communications Corp.
8.50% due 12/01/2012	$	1,600,000	$	1,760,000
SBA Telecommunication /
SBA Communications Corp.
zero coupon, Step up to 9.75% on
12/15/2007 due 12/15/2011		2,475,000		2,345,063
UbiquiTel Operating Company
9.875% due 03/01/2011		4,025,000		4,427,500
US Unwired, Inc., Series B
10.00% due 06/15/2012 (a)		700,000		791,000
				39,757,803
Chemicals - 3.89%
Airgas, Inc.
9.125% due 10/01/2011 (a)		1,075,000		1,143,531
Equistar Chemicals LP
10.125% due 09/01/2008 (a)		500,000		537,500
10.625% due 05/01/2011		3,300,000		3,588,750
Ethyl Corp.
8.875% due 05/01/2010		3,325,000		3,474,625
FMC Corp.
7.00% due 05/15/2008		575,000		590,304
7.75% due 07/01/2011		1,225,000		1,292,484
Hercules, Inc.
6.75% due 10/15/2029		2,775,000		2,719,500
Huntsman ICI Chemicals
10.125% due 07/01/2009 (a)		2,275,000		2,331,875
10.125% due 07/01/2009	EUR	125,000		154,979
Huntsman International LLC
7.375% due 01/01/2015 (a)	$	1,325,000		1,344,875
9.875% due 03/01/2009		1,050,000		1,099,875
IMC Global, Inc.
7.30% due 01/15/2028		25,000		24,000
10.875% due 08/01/2013 (a)		875,000		1,006,250
Innophos, Inc.
8.875% due 08/15/2014		3,475,000		3,579,250
JohnsonDiversey, Inc., Series B
9.625% due 05/15/2012		25,000		25,625
Lyondell Chemical Company
9.50% due 12/15/2008 (a)		839,000		876,755
11.125% due 07/15/2012		375,000		414,375
Lyondell Chemical Company, Series A
9.625% due 05/01/2007		425,000		439,875
Methanex Corp.
8.75% due 08/15/2012 (a)		1,200,000		1,323,000
Millennium America, Inc.
9.25% due 06/15/2008		4,325,000		4,443,937
Nalco Company
7.75% due 11/15/2011		50,000		50,875
8.875% due 11/15/2013 (a)		5,800,000		6,075,500
Nova Chemicals Corp
6.50% due 01/15/2012 (a)		9,315,000		8,965,688
OM Group, Inc.
9.25% due 12/15/2011		1,550,000		1,550,000
PQ Corp.
7.50% due 02/15/2013		1,200,000		1,152,000

The accompanying notes are an integral part of the financial statements. 160

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals (continued)
Rhodia SA
7.625% due 06/01/2010	$	725,000	$	737,688
8.875% due 06/01/2011 (a)		4,150,000		4,305,625
10.25% due 06/01/2010		875,000		984,375
Westlake Chemical Corp.
6.625% due 01/15/2016 (a)		3,150,000		3,146,063
				57,379,179
Coal - 0.28%
Massey Energy Company
6.625% due 11/15/2010 (a)		2,925,000		2,990,813
6.875% due 12/15/2013 (a)		1,200,000		1,197,000
				4,187,813
Commercial Services - 0.36%
DynCorp International LLC, Series B
9.50% due 02/15/2013		5,100,000		5,278,500
Computers & Business Equipment - 0.33%
Seagate Technology Holdings
8.00% due 05/15/2009		3,825,000		3,978,000
Unisys Corp.
8.00% due 10/15/2012		875,000		853,125
				4,831,125
Construction & Mining Equipment - 0.23%
Terex Corp.
7.375% due 01/15/2014		1,100,000		1,133,000
10.375% due 04/01/2011		2,100,000		2,215,500
				3,348,500
Construction Materials - 0.17%
Nortek, Inc.
8.50% due 09/01/2014		2,575,000		2,568,563
Containers & Glass - 1.62%
Graphic Packaging International Corp.
8.50% due 08/15/2011 (a)		2,550,000		2,562,750
9.50% due 08/15/2013 (a)		3,450,000		3,277,500
Owens-Brockway Glass Container, Inc.
6.75% due 12/01/2014 (a)		1,053,000		1,031,940
7.75% due 05/15/2011		3,350,000		3,517,500
8.25% due 05/15/2013		550,000		573,375
8.75% due 11/15/2012		250,000		268,750
Owens-Illinois, Inc., Series 2008
7.35% due 05/15/2008 (a)		200,000		202,500
Owens-Illinois, Inc., Series 2010
7.50% due 05/15/2010 (a)		850,000		860,625
Pliant Corp.
11.125% due 09/01/2009 ^		750,000		690,000
11.625% due 06/15/2009 ^		978,765		1,066,854
12.75% due 06/15/2010 ^		1,000,000		245,000
13.00% due 06/01/2010 ^		125,000		30,625
Radnor Holdings Corp.
11.00% due 03/15/2010		2,350,000		1,786,000
Stone Container Corp.
8.375% due 07/01/2012 (a)		3,675,000		3,601,500
9.75% due 02/01/2011		1,925,000		1,970,719

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass (continued)
Stone Container Finance
7.375% due 07/15/2014 (a)	$	25,000	$	23,187
Tekni Plex, Inc., Series B
12.75% due 06/15/2010		2,650,000		1,550,250
Tekni-Plex, Inc.
8.75% due 11/15/2013		725,000		665,188
				23,924,263
Correctional Facilities - 0.43%
Corrections Corporation of America
6.25% due 03/15/2013		5,575,000		5,533,187
6.75% due 01/31/2014		750,000		763,125
				6,296,312
Cosmetics & Toiletries - 0.70%
Del Laboratories, Inc.
8.00% due 02/01/2012 (a)		2,125,000		1,750,469
9.68% due 11/01/2011 (b)		1,625,000		1,657,500
Jafra Cosmetics International, Inc.
10.75% due 05/15/2011		1,800,000		1,959,750
Playtex Products, Inc.
9.375% due 06/01/2011		4,600,000		4,818,500
Spectrum Brands, Inc.
7.375% due 02/01/2015		257,000		221,662
				10,407,881
Crude Petroleum & Natural Gas - 0.63%
Chesapeake Energy Corp.
6.25% due 01/15/2018		3,225,000		3,220,969
6.625% due 01/15/2016		1,375,000		1,395,625
6.875% due 01/15/2016		1,400,000		1,435,000
7.00% due 08/15/2014		425,000		440,937
Kerr-McGee Corp.
6.875% due 09/15/2011		1,200,000		1,266,604
Plains Exploration & Production Company
8.75% due 07/01/2012		1,500,000		1,612,500
				9,371,635
Domestic Oil - 2.15%
Amerada Hess Corp.
7.30% due 08/15/2031		50,000		58,717
Exco Resources, Inc.
7.25% due 01/15/2011		5,650,000		5,763,000
Forest Oil Corp.
8.00% due 06/15/2008		550,000		574,062
8.00% due 12/15/2011		2,800,000		3,052,000
Magnum Hunter Resources, Inc.
9.60% due 03/15/2012		4,800,000		5,184,000
Stone Energy Corp.
6.75% due 12/15/2014		4,075,000		3,891,625
8.25% due 12/15/2011 (a)		1,725,000		1,750,875
Swift Energy Company
7.625% due 07/15/2011		1,550,000		1,596,500
9.375% due 05/01/2012		3,175,000		3,413,125
Whiting Petroleum Corp.
7.00% due 02/01/2014		1,165,000		1,167,913
7.25% due 05/01/2012		5,185,000		5,249,813
				31,701,630

The accompanying notes are an integral part of the financial statements. 161

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Drugs & Health Care - 1.00%
General Nutrition Centers, Inc.
8.50% due 12/01/2010	$	1,125,000	$	1,054,687
Rite Aid Corp.
6.125% due 12/15/2008 (a)		1,500,000		1,443,750
7.125% due 01/15/2007		525,000		528,938
7.50% due 01/15/2015		625,000		602,344
8.125% due 05/01/2010 (a)		2,375,000		2,422,500
9.50% due 02/15/2011		75,000		78,750
The Jean Coutu Group (PJC), Inc.
8.50% due 08/01/2014 (a)		4,925,000		4,703,375
Warner Chilcott Corp.
8.75% due 02/01/2015		3,550,000		3,487,875
WH Holdings/WH Capital Corp.
9.50% due 04/01/2011		425,000		459,000
				14,781,219
Electrical Utilities - 3.34%
AES Corp.
7.75% due 03/01/2014		2,750,000		2,904,688
8.75% due 06/15/2008 (a)		850,000		889,312
8.75% due 05/15/2013		100,000		108,375
8.875% due 02/15/2011 (a)		1,675,000		1,813,187
9.00% due 05/15/2015		125,000		136,250
9.375% due 09/15/2010		5,000,000		5,487,500
9.50% due 06/01/2009 (a)		1,175,000		1,276,344
Allegheny Energy Supply Company LLC
8.25 due 04/15/2012		1,950,000		2,142,563
Calpine Corp.
8.50% due 07/15/2010 (a)		2,950,000		2,743,500
8.75% due 07/15/2013 (a)		1,850,000		1,720,500
Calpine Generating Company LLC
13.2163% due 04/01/2011 (b)		3,050,000		3,324,500
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		50,000		56,766
CMS Energy Corp.
8.50% due 04/15/2011 (a)		50,000		54,500
Edison Mission Energy
7.73% due 06/15/2009		2,700,000		2,787,750
9.875% due 04/15/2011		3,729,000		4,297,673
10.00% due 08/15/2008		2,024,000		2,206,160
FirstEnergy Corp.
7.375% due 11/15/2031		25,000		29,154
Mirant Americas Generation LLC
8.30% due 05/01/2011 ^		6,204,000		6,490,935
8.50% due 10/01/2021 ^		407,000		418,701
Nevada Power Company
5.875% due 01/15/2015		25,000		25,046
9.00% due 08/15/2013		25,000		27,644
Reliant Energy, Inc.
6.75% due 12/15/2014		2,075,000		1,875,281
9.25% due 07/15/2010		2,425,000		2,464,406
9.50% due 07/15/2013 (a)		5,800,000		5,916,000
TXU Corp., Series P
5.55% due 11/15/2014		50,000		47,618
TXU Corp., Series Q
6.50% due 11/15/2024		50,000		47,673

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
TXU Corp., Series R
6.55% due 11/15/2034 (a)	$	25,000	$	23,710
				49,315,736
Electronics - 1.07%
L-3 Communications Corp.
6.125% due 07/15/2013		25,000		24,625
7.625% due 06/15/2012		2,575,000		2,697,312
L-3 Communications Corp., Series B
6.375% due 10/15/2015		8,173,000		8,152,568
Motors & Gears, Inc., Series D
10.75% due 11/15/2006		1,650,000		1,612,875
Muzak, LLC/Muzak Finance Corp.
9.875% due 03/15/2009		1,250,000		731,250
10.00% due 02/15/2009 (a)		2,950,000		2,570,188
				15,788,818
Energy - 1.48%
Chesapeake Energy Corp.
7.50% due 06/15/2014 (a)		5,125,000		5,458,125
El Paso Energy
7.375% due 12/15/2012 (a)		225,000		233,437
Inergy, L.P.
6.875% due 12/15/2014		3,150,000		3,000,375
NRG Energy, Inc.
7.25% due 02/01/2014		2,350,000		2,408,750
7.375% due 02/01/2016		10,300,000		10,609,000
Peabody Energy Corp.
6.875% due 03/15/2013 (a)		50,000		51,375
TECO Energy, Inc.
7.20% due 05/01/2011 (a)		50,000		52,875
				21,813,937
Financial Services - 6.27%
Alamosa Delaware, Inc.
8.50% due 01/31/2012		450,000		486,000
11.00% due 07/31/2010 (a)		1,575,000		1,756,125
12.00% due 07/31/2009 (a)		1,400,000		1,515,500
Arch Western Finance LLC
6.75% due 07/01/2013		75,000		75,187
BCP Crystal Holdings Corp.
9.625% due 06/15/2014		3,850,000		4,307,187
CB Richard Ellis Services, Inc.
9.75% due 05/15/2010		675,000		732,375
Chukchansi Economic Development Authority
8.00% due 11/15/2013		3,075,000		3,167,250
Ford Motor Credit Company
4.95% due 01/15/2008		1,350,000		1,243,660
6.625% due 06/16/2008 (a)		14,600,000		13,592,571
7.875% due 06/15/2010		925,000		855,502
General Motors Acceptance Corp.
8.00% due 11/01/2031 (a)		23,750,000		21,689,402
Global Cash Access LLC
8.75% due 03/15/2012		4,250,000		4,563,438
Hexion US Finance Corp/Hexion Nova Scotia
Finance ULC
9.00% due 07/15/2014		6,175,000		6,352,531

The accompanying notes are an integral part of the financial statements. 162

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
iPCS, Inc.
11.50% due 05/01/2012	$	1,275,000	$	1,463,063
JSG Funding PLC
9.625% due 10/01/2012		2,925,000		3,063,938
10.125% due 10/01/2012	EUR	475,000		622,898
Nell AF SARL
8.375% due 08/15/2015 (a)	$	2,925,000		2,939,625
Nexstar Finance Holdings LLC
zero coupon, Step up to 11.375% on
04/01/2008 due 04/01/2013		1,525,000		1,210,469
Nexstar Finance, Inc.
7.00% due 01/15/2014 (a)		300,000		281,250
Sensus Metering Systems, Inc.
8.625% due 12/15/2013		2,050,000		1,962,875
TRAINS HY-2005-1
7.651% due 06/15/2015 (b)		17,996,829		18,469,246
Ucar Finance, Inc.
10.25% due 02/15/2012 (a)		600,000		639,000
Yell Finance BV
zero coupon, Step up to 13.5% on
08/01/2006 due 08/01/2011		1,500,000		1,550,625
				92,539,717
Food & Beverages - 1.38%
Ahold Finance USA, Inc.
6.875% due 05/01/2029		25,000		23,062
8.25% due 07/15/2010		1,400,000		1,498,000
Ahold Lease USA, Inc., Series A-1
7.82% due 01/02/2020		1,142,127		1,222,076
Ahold Lease USA, Inc., Series A-2
8.62% due 01/02/2025		250,000		275,947
Constellation Brands, Inc.
8.125% due 01/15/2012 (a)		75,000		78,562
Del Monte Corp.
8.625% due 12/15/2012 (a)		3,075,000		3,274,875
Doane Pet Care Company
10.625% due 11/15/2015		1,400,000		1,480,500
10.75% due 03/01/2010		1,100,000		1,183,875
Dole Food, Inc.
7.25% due 06/15/2010		3,175,000		3,055,938
8.625% due 05/01/2009		1,700,000		1,721,250
8.75% due 07/15/2013		425,000		425,000
8.875% due 03/15/2011		1,050,000		1,059,188
Pinnacle Foods Holding Corp.
8.25% due 12/01/2013 (a)		4,100,000		4,018,000
Swift & Company
10.125% due 10/01/2009 (a)		1,050,000		1,077,563
				20,393,836
Furniture & Fixtures - 0.49%
Norcraft Companies LP
9.00% due 11/01/2011		2,025,000		2,093,344
Norcraft Holdings LP
zero coupon, Step up to 9.75% on
09/01/2008 due 09/01/2012		250,000		179,375

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Furniture & Fixtures (continued)
Sealy Mattress Company
8.25% due 06/15/2014 (a)	$	4,775,000	$	4,989,875
				7,262,594
Gas & Pipeline Utilities - 3.47%
Atlas Pipeline Partners LP
8.125% due 12/15/2015		2,950,000		3,068,000
Dynegy Holdings, Inc.
6.875% due 04/01/2011 (a)		925,000		922,687
7.625% due 10/15/2026		2,700,000		2,632,500
9.875% due 07/15/2010		3,350,000		3,659,875
10.125% due 07/15/2013		2,000,000		2,250,000
El Paso Corp.
7.75% due 01/15/2032 (a)		3,725,000		3,957,813
7.80% due 08/01/2031		5,825,000		6,174,500
7.875% due 06/15/2012		5,675,000		6,015,500
El Paso Natural Gas Company, Series A
7.625% due 08/01/2010		25,000		26,307
El Paso Production Holding Company
7.75% due 06/01/2013		125,000		131,875
Holly Energy Partners LP
6.25% due 03/01/2015		3,225,000		3,104,063
Northwest Pipeline Corp.
8.125% due 03/01/2010		75,000		79,406
Targa Resources, Inc.
8.50% due 11/01/2013		4,175,000		4,425,500
Transcontinental Gas Pipe Line Corp.
8.875% due 07/15/2012		150,000		172,875
Williams Companies, Inc.
7.125% due 09/01/2011		50,000		52,375
7.625% due 07/15/2019 (a)		3,050,000		3,355,000
7.875% due 09/01/2021 (a)		4,500,000		5,028,750
8.125% due 03/15/2012 (a)		125,000		136,875
8.75% due 03/15/2032		4,975,000		6,019,750
				51,213,651
Healthcare Products - 0.42%
Accellent, Inc.
10.50% due 12/01/2013		4,910,000		5,155,500
Riddell Bell Holdings, Inc.
8.375% due 10/01/2012 (a)		525,000		506,625
Sybron Dental Specialties, Inc.
8.125% due 06/15/2012		575,000		606,625
				6,268,750
Healthcare Services - 2.36%
Ameripath, Inc.
10.50% due 04/01/2013		4,100,000		4,325,500
DaVita, Inc.
7.25% due 03/15/2015 (a)		6,125,000		6,247,500
Extendicare Health Services, Inc.
6.875% due 05/01/2014 (a)		3,200,000		3,320,000
9.50% due 07/01/2010		1,575,000		1,663,594
Insight Health Services Corp.
9.875% due 11/01/2011 (a)		550,000		305,250
National Mentor, Inc.
9.625% due 12/01/2012		1,975,000		2,103,375

The accompanying notes are an integral part of the financial statements. 163

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services (continued)
Psychiatric Solutions, Inc.
7.75% due 07/15/2015	$	4,225,000	$	4,362,312
10.625% due 06/15/2013		1,275,000		1,432,781
Tenet Healthcare Corp.
9.25% due 02/01/2015		1,200,000		1,203,000
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014 (a)		7,275,000		7,584,188
Vanguard Health Holding Company, Inc. LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015 (a)		3,175,000		2,349,500
				34,897,000
Homebuilders - 0.02%
Beazer Homes USA, Inc.
8.625% due 05/15/2011 (a)		50,000		52,375
D.R. Horton, Inc.
5.625% due 01/15/2016		50,000		47,554
KB Home
8.625% due 12/15/2008		25,000		26,431
Meritage Homes Corp.
7.00% due 05/01/2014		25,000		23,594
Ryland Group, Inc.
9.125% due 06/15/2011		25,000		26,316
Schuler Homes, Inc.
10.50% due 07/15/2011		25,000		26,719
Standard Pacific Corp.
6.50% due 10/01/2008		50,000		49,562
Toll Brothers, Inc.
8.25% due 02/01/2011		25,000		26,049
				278,600
Hotels & Restaurants - 2.19%
Buffets, Inc.
11.25% due 07/15/2010		625,000		650,000
CCM Merger, Inc.
8.00% due 08/01/2013		2,750,000		2,736,250
Chumash Casino & Resort Enterprise
9.26% due 07/15/2010		925,000		975,875
Friendly Ice Cream Corp.
8.375% due 06/15/2012 (a)		1,650,000		1,542,750
Gaylord Entertainment Company
6.75% due 11/15/2014		3,800,000		3,752,500
Hilton Hotels Corp.
7.625% due 12/01/2012 (a)		5,350,000		5,782,622
HMH Properties, Inc., Series B
7.875% due 08/01/2008		250,000		251,562
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010 (a)		2,725,000		2,878,281
Park Place Entertainment Corp.
7.875% due 03/15/2010		525,000		559,781
8.125% due 05/15/2011 (a)		2,250,000		2,469,375
8.875% due 09/15/2008		2,525,000		2,723,844
9.375% due 02/15/2007		700,000		725,375
Sbarro, Inc.
11.00% due 09/15/2009 (a)		2,825,000		2,888,563
Starwood Hotels & Resorts Worldwide, Inc.
7.375% due 05/01/2007		175,000		178,500

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Hotels & Restaurants (continued)
Starwood Hotels & Resorts Worldwide, Inc.
(continued)
7.875% due 05/01/2012	$	1,625,000	$	1,783,438
Turning Stone Casino Resort
9.125% due 12/15/2010		2,125,000		2,210,000
Vicorp Restaurants, Inc.
10.50% due 04/15/2011 (a)		300,000		282,000
				32,390,716
Household Appliances - 0.02%
Applica, Inc.
10.00% due 07/31/2008		385,000		373,450
Household Products - 0.46%
Resolution Performance Products, Inc.
8.00% due 12/15/2009		1,375,000		1,416,250
9.50% due 04/15/2010 (a)		1,125,000		1,164,375
13.50% due 11/15/2010 (a)		3,450,000		3,691,500
Simmons Bedding Company
7.875% due 01/15/2014 (a)		400,000		384,000
10.00% due 12/15/2014 (a)		225,000		135,000
				6,791,125
Industrial Machinery - 0.44%
Dresser Rand Group, Inc.
7.375% due 11/01/2014		4,375,000		4,550,000
Grant Prideco, Inc.
6.125% due 08/15/2015 (a)		1,250,000		1,259,375
NMHG Holding Company
10.00% due 05/15/2009		700,000		738,500
				6,547,875
Industrials - 0.44%
Dynegy Holdings, Inc.
7.125% due 05/15/2018		6,650,000		6,483,750
International Oil - 0.49%
Newfield Exploration Company
6.625% due 09/01/2014 (a)		25,000		25,812
8.375% due 08/15/2012		25,000		26,812
Pemex Project Funding Master Trust
9.125% due 10/13/2010		250,000		287,500
Pogo Producing Co.
6.875% due 10/01/2017		1,725,000		1,737,938
8.25% due 04/15/2011 (a)		925,000		964,313
Vintage Petroleum, Inc.
7.875% due 05/15/2011		3,325,000		3,469,568
8.25% due 05/01/2012		700,000		749,000
				7,260,943
Internet Content - 0.00%
PSINet, Inc.
11.00% due 08/01/2009 ^		193,291		121
PSINet, Inc., Series B
10.00% due 02/15/2005 ^		494,555		309
				430
Leisure Time - 5.29%
AMC Entertainment, Inc.
11.00% due 02/01/2016		3,900,000		3,924,375

The accompanying notes are an integral part of the financial statements. 164

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012	$	25,000	$	26,062
AMF Bowling Worldwide, Inc.
10.00% due 03/01/2010		625,000		639,062
Boyd Gaming Corp.
6.75% due 04/15/2014 (a)		5,900,000		5,885,250
7.75% due 12/15/2012 (a)		25,000		26,156
Caesars Entertainment, Inc.
7.00% due 04/15/2013		2,475,000		2,619,015
Choctaw Resort Development Enterprise
7.25% due 11/15/2019		675,000		688,500
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		7,350,000		5,475,750
Herbst Gaming, Inc.
7.00% due 11/15/2014		3,750,000		3,750,000
8.125% due 06/01/2012		800,000		834,000
Isle Capri Casinos, Inc.
7.00% due 03/01/2014 (a)		3,925,000		3,925,000
Kerzner International Ltd.
6.75% due 10/01/2015		4,625,000		4,590,312
Las Vegas Sands Corp.
6.375% due 02/15/2015 (a)		4,050,000		3,928,500
Mandalay Resort Group
9.375% due 02/15/2010 (a)		125,000		137,188
MGM Mirage, Inc.
5.875% due 02/27/2014 (a)		1,100,000		1,060,125
6.625% due 07/15/2015 (a)		1,550,000		1,555,813
6.75% due 09/01/2012 (a)		4,100,000		4,166,625
7.25% due 08/01/2017		825,000		860,063
8.375% due 02/01/2011 (a)		2,800,000		3,003,000
9.75% due 06/01/2007		1,500,000		1,571,250
Mohegan Tribal Gaming Authority
6.875% due 02/15/2015		2,625,000		2,654,531
7.125% due 08/15/2014		3,300,000		3,399,000
Penn National Gaming, Inc.
6.75% due 03/01/2015 (a)		5,200,000		5,226,000
6.875% due 12/01/2011		825,000		841,500
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		2,550,000		2,652,000
8.75% due 10/01/2013 (a)		3,050,000		3,263,500
Seneca Gaming Corp.
7.25% due 05/01/2012		1,825,000		1,852,375
Station Casinos, Inc.
6.50% due 02/01/2014 (a)		500,000		500,000
6.625% due 03/15/2018		2,475,000		2,468,813
6.875% due 03/01/2016 (a)		6,450,000		6,562,875
				78,086,640
Manufacturing - 0.49%
Blount, Inc.
8.875% due 08/01/2012 (a)		350,000		367,500
KI Holdings, Inc.
zero coupon, Step up to 9.875% on
11/15/2009 due 11/15/2014		725,000		514,750

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Manufacturing (continued)
Koppers, Inc.
9.875% due 10/15/2013	$	3,750,000	$	4,050,000
Park-Ohio Industries, Inc.
8.375% due 11/15/2014		1,750,000		1,575,000
Trinity Industries, Inc.
6.50% due 03/15/2014		800,000		802,000
				7,309,250
Medical-Hospitals - 2.11%
Genesis Healthcare Corp.
8.00% due 10/15/2013		2,400,000		2,526,000
HCA, Inc.
5.50% due 12/01/2009 (a)		25,000		24,599
6.30% due 10/01/2012 (a)		150,000		149,457
6.375% due 01/15/2015		3,875,000		3,868,920
7.05% due 12/01/2027		2,350,000		2,247,462
7.50% due 12/15/2023		3,050,000		3,092,374
7.69% due 06/15/2025		925,000		956,316
8.36% due 04/15/2024		150,000		162,071
8.75% due 09/01/2010		600,000		659,933
IASIS Healthcare LLC
8.75% due 06/15/2014		5,500,000		5,582,500
Tenet Healthcare Corp.
6.875% due 11/15/2031		1,400,000		1,141,000
7.375% due 02/01/2013 (a)		5,125,000		4,702,187
9.875% due 07/01/2014 (a)		2,600,000		2,645,500
Triad Hospitals, Inc.
7.00% due 05/15/2012 (a)		75,000		76,500
7.00% due 11/15/2013 (a)		3,250,000		3,278,438
				31,113,257
Metal & Metal Products - 0.81%
Codelco, Inc.
5.50% due 10/15/2013		575,000		581,469
Mueller Group, Inc.
10.00% due 05/01/2012		2,350,000		2,573,250
Mueller Holdings, Inc.
zero coupon, Step up to 14.75% on
04/15/2009 due 04/15/2014		1,825,000		1,478,250
Novelis, Inc.
7.25% due 02/15/2015 (a)		6,275,000		6,086,750
Wolverine Tube, Inc.
7.375% due 08/01/2008		1,600,000		1,248,000
				11,967,719
Office Furnishings & Supplies - 0.48%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		2,100,000		2,121,000
Interface, Inc.
9.50% due 02/01/2014		3,075,000		3,151,875
10.375% due 02/01/2010		1,075,000		1,174,438
Tempur-Pedic/Tempur Products
10.25% due 08/15/2010		600,000		642,000
				7,089,313
Paper - 2.26%
Abitibi-Consolidated, Inc.
7.50% due 04/01/2028		25,000		20,375

The accompanying notes are an integral part of the financial statements. 165

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Paper (continued)
Abitibi-Consolidated, Inc. (continued)
7.75% due 06/15/2011	$	1,150,000	$	1,085,312
8.375% due 04/01/2015 (a)		4,280,000		4,044,600
8.55% due 08/01/2010		450,000		444,375
8.85% due 08/01/2030 (a)		4,070,000		3,576,512
Appleton Papers, Inc.
8.125% due 06/15/2011		1,525,000		1,528,813
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		2,700,000		2,598,750
Boise Cascade LLC
7.125% due 10/15/2014 (a)		3,825,000		3,633,750
Bowater Canada Finance Corp.
7.95% due 11/15/2011		75,000		73,500
Bowater, Inc.
6.50% due 06/15/2013 (a)		1,275,000		1,160,250
9.50% due 10/15/2012		1,725,000		1,794,000
Buckeye Technologies, Inc.
8.00% due 10/15/2010		1,200,000		1,173,000
8.50% due 10/01/2013		1,270,000		1,292,225
9.25% due 09/15/2008		1,400,000		1,400,000
Jefferson Smurfit Corp.
8.25% due 10/01/2012 (a)		3,578,000		3,497,495
Newark Group, Inc.
9.75% due 03/15/2014		2,150,000		1,870,500
Norske Skog Canada, Ltd.
7.375% due 03/01/2014		600,000		552,000
8.625% due 06/15/2011 (a)		2,975,000		2,945,250
Smurfit Capital Funding PLC
7.50% due 11/20/2025		750,000		690,000
				33,380,707
Petroleum Services - 0.63%
Chaparral Energy, Inc.
8.50% due 12/01/2015 (a)		5,150,000		5,446,125
Hanover Compressor Company
zero coupon due 03/31/2007		675,000		621,000
8.625% due 12/15/2010		1,150,000		1,214,688
9.00% due 06/01/2014		1,225,000		1,335,250
Hanover Equipment Trust
8.75% due 09/01/2011		525,000		553,875
Premcor Refining Group, Inc.
6.75% due 02/01/2011		25,000		26,269
9.50% due 02/01/2013		50,000		55,667
Pride International, Inc.
7.375% due 07/15/2014		75,000		80,063
				9,332,937
Pharmaceuticals - 0.57%
Omnicare, Inc.
6.875% due 12/15/2015		2,900,000		2,958,000
Valeant Pharmaceuticals International
7.00% due 12/15/2011		5,525,000		5,414,500
				8,372,500
Plastics - 0.24%
Berry Plastics Corp.
10.75% due 07/15/2012		3,325,000		3,615,937

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Publishing - 1.76%
Block Communications, Inc.
8.25% due 12/15/2015	$	3,050,000	$	3,019,500
Cadmus Communications Corp.
8.375% due 06/15/2014		1,850,000		1,877,750
CBD Media Holdings, LLC
9.25% due 07/15/2012		2,625,000		2,674,219
CBD Media, Inc.
8.625% due 06/01/2011		1,750,000		1,778,437
Dex Media East LLC
9.875% due 11/15/2009		900,000		965,250
12.125% due 11/15/2012		575,000		663,406
Dex Media West LLC
8.50% due 08/15/2010 (a)		50,000		53,000
9.875% due 08/15/2013		1,700,000		1,882,750
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013 (a)		4,975,000		4,179,000
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013 (a)		3,425,000		2,877,000
8.00% due 11/15/2013		25,000		25,875
Houghton Mifflin Company
zero coupon, Step up to 11.50% on
10/15/2008 due 10/15/2013 (a)		2,900,000		2,407,000
8.25% due 02/01/2011		50,000		52,250
Mail-Well I Corp.
9.625% due 03/15/2012		2,100,000		2,257,500
Yell Finance BV
10.75% due 08/01/2011		1,125,000		1,231,875
				25,944,812
Real Estate - 1.73%
Felcor Lodging LP, REIT
9.00% due 06/01/2011		3,925,000		4,337,125
Host Marriott LP, REIT
6.375% due 03/15/2015		2,125,000		2,119,687
7.125% due 11/01/2013 (a)		5,550,000		5,730,375
9.50% due 01/15/2007		1,475,000		1,521,094
Meristar Hospitality Corp., REIT
9.00% due 01/15/2008 (a)		1,050,000		1,113,000
9.125% due 01/15/2011		3,625,000		4,205,000
Meristar Hospitality Operating Partnership LP, REIT
10.50% due 06/15/2009 (a)		425,000		452,094
Omega Healthcare Investors, Inc., REIT
7.00% due 01/15/2016		5,600,000		5,614,000
7.00% due 04/01/2014		500,000		506,875
				25,599,250
Retail - 0.46%
Carrols Corp.
9.00% due 01/15/2013 (a)		700,000		708,750
Eye Care Centers of America
10.75% due 02/15/2015		2,100,000		2,052,750
Harry & David Operations, Inc.
9.00% due 03/01/2013		2,225,000		2,158,250
Leslie's Poolmart
7.75% due 02/01/2013		1,850,000		1,877,750
				6,797,500

The accompanying notes are an integral part of the financial statements. 166

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail Grocery - 0.03%
CA FM Lease Trust
8.50% due 07/15/2017	$	377,277	$	409,086
Retail Trade - 0.56%
Finlay Fine Jewelry Corp.
8.375% due 06/01/2012		1,775,000		1,579,750
FTD, Inc.
7.75% due 02/15/2014 (a)		1,425,000		1,403,625
Jean Coutu Group, Inc.
7.625% due 08/01/2012		925,000		925,000
Jo-Ann Stores, Inc.
7.50% due 03/01/2012 (a)		750,000		630,000
Neiman Marcus Group, Inc.
10.375% due 10/15/2015 (a)		1,950,000		2,052,375
PETCO Animal Supplies, Inc.
10.75% due 11/01/2011		100,000		107,750
Saks, Inc.
9.875% due 10/01/2011		1,375,000		1,512,500
				8,211,000
Sanitary Services - 0.78%
Allied Waste North America, Inc.
7.25% due 03/15/2015		3,000,000		3,045,000
7.875% due 04/15/2013 (a)		325,000		338,000
8.50% due 12/01/2008		950,000		1,001,063
Allied Waste North America, Inc., Series B
7.375% due 04/15/2014 (a)		2,700,000		2,652,750
8.875% due 04/01/2008		50,000		52,562
9.25% due 09/01/2012		4,025,000		4,367,125
				11,456,500
Semiconductors - 0.41%
Amkor Technology, Inc.
7.125% due 03/15/2011		2,125,000		1,997,500
7.75% due 05/15/2013 (a)		75,000		71,062
9.25% due 02/15/2008		1,900,000		1,928,500
10.50% due 05/01/2009 (a)		2,100,000		2,089,500
				6,086,562
Steel - 0.41%
IPSCO, Inc.
8.75% due 06/01/2013		2,500,000		2,731,250
RathGibson, Inc.
11.25% due 02/15/2014		3,200,000		3,240,000
United States Steel LLC
10.75% due 08/01/2008		25,000		27,625
				5,998,875
Telecommunications Equipment &
Services - 2.39%
Citizens Communications Company
9.25% due 05/15/2011		100,000		110,750
Insight Midwest LP
9.75% due 10/01/2009		1,400,000		1,445,500
10.50% due 11/01/2010		2,650,000		2,792,438
Intelsat, Ltd.
9.614% due 01/15/2012 (b)		1,625,000		1,657,500
Lucent Technologies, Inc.
6.45% due 03/15/2029 (a)		12,975,000		10,947,656

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Panamsat Corp.
9.00% due 08/15/2014 (a)	$	1,425,000	$	1,503,375
United States West Communications, Inc.
6.875% due 09/15/2033		15,086,000		14,482,560
World Access, Inc.
13.25% due 01/15/2049 ^		1,500,000		75,000
Zeus Special Subsidiary, Ltd.
zero coupon, Step up to 9.25% on
02/01/2010 due 02/01/2015 (a)		3,275,000		2,243,375
				35,258,154
Telephone - 1.00%
NTL Cable PLC
8.75% due 04/15/2014		2,725,000		2,779,500
Qwest Communications International, Inc.
7.25% due 02/15/2011		25,000		25,531
7.50% due 02/15/2014 (a)		1,196,000		1,228,890
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014 (a)		4,333,000		4,452,157
Qwest Corp.
7.50% due 06/15/2023 (a)		1,885,000		1,913,275
8.875% due 03/15/2012 (a)		3,150,000		3,528,000
Telefonos de Mexico SA de CV
8.75% due 01/31/2016	MXN	9,000,000		860,349
				14,787,702
Transportation - 0.27%
OMI Corp.
7.625% due 12/01/2013 (a)	$	3,850,000		3,946,250
TOTAL CORPORATE BONDS (Cost $1,151,928,226)			$	1,164,250,817
ASSET BACKED SECURITIES - 0.00%
First Consumers Master Trust,
Series 2001-A, Class A
4.88% due 09/15/2008 (b)		31,858		31,818
TOTAL ASSET BACKED SECURITIES
(Cost $31,677)			$	31,818
SHORT TERM INVESTMENTS - 22.92%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	338,457,704	$	338,457,704
TOTAL SHORT TERM INVESTMENTS
(Cost $338,457,704)			$	338,457,704
REPURCHASE AGREEMENTS - 8.87%
Bank of America Repurchase
Agreement dated 02/28/2006 at
4.47% to be repurchased at
$50,006,208 on 03/01/2006,
collateralized by $51,065,000
FHLMC, 5.395% due 02/28/2011
(valued at $52,021,192, including
interest)	$	50,000,000	$	50,000,000

The accompanying notes are an integral part of the financial statements. 167

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

High Yield Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS (continued)
Greenwich Capital Repurchase
Agreement dated 02/28/2006 at
4.55% to be repurchased at
$80,902,224 on 03/01/2006,
collateralized by $6,310,000
FNMAs 6.21% due 08/06/2038
(valued at $7,548,338 including
interest) and 75,000,000 FNMAs
5% due 07/25/2008 (valued at
$75,000,000 including interest)	$	80,892,000	$	80,892,000
TOTAL REPURCHASE AGREEMENTS
(Cost $130,892,000)			$	130,892,000
Total Investments (High Yield Fund)
(Cost $1,781,989,097) - 122.13%			$	1,803,230,145
Liabilities in Excess of Other Assets - (22.13)%				(326,695,807)
TOTAL NET ASSETS - 100.00%			$	1,476,534,338
International Equity Index Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.73%
Argentina - 0.02%
Petrobras Energia
Participaciones SA, ADR, B Shares * (a)		1,508	$	18,171
Siderar SA, Class A Shares, ADR		173		11,874
Telecom Argentina SA, ADR, B Shares * (a)		1,322		16,644
				46,689
Australia - 4.18%
Alinta, Ltd. (a)		3,321		27,435
Alumina, Ltd.		16,468		84,904
Amcor, Ltd. (a)		12,358		68,305
AMP, Ltd.		25,934		165,691
Ansell, Ltd. (a)		1,910		15,608
APN News & Media, Ltd. (a)		3,859		13,618
Aristocrat Leisure, Ltd. (a)		4,090		36,613
Australia and New Zealand Bank Group, Ltd.		25,591		488,977
Australia Gas & Light Company, Ltd. (a)		6,456		91,847
Australian Stock Exchange, Ltd. (a)		1,358		32,748
Axa Asia Pacific Holdings, Ltd. (a)		12,726		55,307
Babcock & Brown, Ltd.		1,984		25,543
BHP Billiton, Ltd. - AUD (a)		50,149		903,451
Billabong International, Ltd. (a)		1,774		20,454
Bluescope Steel, Ltd. (a)		10,432		51,150
Boral, Ltd.		8,438		55,101
Brambles Industries, Ltd. (a)		13,639		101,831
Caltex Australia, Ltd.		1,785		22,808
Centro Properties Group, Ltd.		11,714		59,176
CFS Gandel Retail Trust, New Shares *		571		810
CFS Gandel Retail Trust		19,973		28,934
Challenger Financial Services Group, Ltd. (a)		5,297		15,308
Coca-Cola Amatil, Ltd.		6,892		36,096

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Cochlear, Ltd.	718	$	26,137
Coles Myer, Ltd.	16,708		121,890
Commonwealth Bank of Australia, Ltd. (a)	17,932		597,478
Commonwealth Property Office Fund, Ltd.	20,278		20,337
Computershare, Ltd. (a)	5,108		25,690
CSL, Ltd. (a)	2,676		104,768
CSR, Ltd.	12,034		34,151
DB RREEF Trust	35,689		37,384
DCA Group, Ltd. (a)	5,313		13,854
Downer EDI, Ltd. (a)	3,649		21,280
Foster's Group, Ltd.	27,979		113,074
Futuris Corp., Ltd.	7,014		12,297
General Property Trust	25,657		79,101
Harvey Norman Holding, Ltd.	6,991		18,178
Iluka Resources, Ltd. (a)	3,079		16,332
ING Industrial Fund	9,945		16,919
Investa Property Group, Ltd.	22,834		34,096
James Hardie Industries, Ltd.	6,806		44,899
John Fairfax Holdings, Ltd.	12,219		36,038
Leighton Holdings, Ltd.	1,802		24,391
Lend Lease Corp.	5,221		51,703
Lion Nathan, Ltd.	3,884		23,083
Macquarie Airports, Ltd. (a)	8,499		20,394
Macquarie Bank, Ltd.	3,262		155,651
Macquarie Communications
Infrastructure Group, Ltd.	4,557		19,195
Macquarie Goodman Group, Ltd.	17,441		65,433
Macquarie Infrastructure Group, Ltd.	34,164		88,831
Mayne Nickless, Ltd.	8,434		20,990
Mayne Pharma, Ltd. * (a)	8,434		17,356
Mirvac Group, Ltd.	11,503		35,977
Multiplex Group, Ltd. (a)	8,302		19,489
National Australia Bank, Ltd.	22,056		601,017
Newcrest Mining, Ltd.	4,647		73,188
NRMA Insurance Group, Ltd. (a)	22,436		89,839
OneSteel, Ltd. (a)	7,453		21,372
Orica, Ltd.	4,489		76,669
Origin Energy, Ltd. (a)	11,149		57,150
Pacific Brands, Ltd.	6,649		11,213
PaperlinX, Ltd.	5,898		14,898
Patrick Corp., Ltd.	8,634		43,937
Perpetual Trust of Australia, Ltd. (a)	606		30,613
Publishing & Broadcasting, Ltd.	1,779		22,520
Qantas Airways, Ltd., ADR	12,292		37,440
QBE Insurance Group, Ltd. (a)	10,752		165,345
Rinker Group, Ltd.	13,114		174,291
Rio Tinto, Ltd. (a)	3,952		209,039
Santos, Ltd.	8,360		70,304
SFE Corporation, Ltd. (a)	1,772		16,837
Sonic Healthcare, Ltd. (a)	3,462		39,942
Stockland Company, Ltd.	18,236		91,175
Stockland Trust Group, Ltd.	580		2,777

The accompanying notes are an integral part of the financial statements. 168

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Suncorp-Metway, Ltd. (a)	7,642	$	116,156
TABCORP Holdings, Ltd. (a)	7,371		83,179
Telstra Corp., Ltd. (a)	29,718		84,998
Toll Holdings, Ltd. (a)	3,273		28,400
Transurban Group, Ltd.	11,519		61,102
UNiTAB, Ltd. (a)	1,586		16,224
Wesfarmers, Ltd. (a)	5,248		142,694
Westfield Group *	656		8,306
Westfield Group	20,804		275,104
Westpac Banking Corp., Ltd.	25,443		446,267
Woodside Petroleum, Ltd.	6,498		195,460
Woolworths, Ltd.	15,850		216,659
			7,842,226
Austria - 0.37%
Andritz AG	133		17,205
Bohler Uddeholm AG	149		27,959
Erste Bank der Oesterreichischen
Sparkassen AG	2,424		147,378
Flughafen Wien AG	153		12,341
Immofinanz Immobiien Anlage AG *	4,905		50,055
Mayr-Melnhof Karton AG	61		8,977
Meinl European Land, Ltd. *	1,403		25,841
Oesterreichische Elektrizitaets AG, Class A	113		52,538
OMV AG	2,411		149,606
RHI AG *	302		8,616
Telekom Austria AG	5,114		116,812
Voestalpine AG	289		33,699
Wienerberger Baustoffindustrie AG	921		42,700
			693,727
Belgium - 0.98%
Agfa Gevaert NV	1,277		25,454
Barco NV	148		12,421
Bekaert SA	190		19,514
Belgacom SA	2,298		69,146
Cofinimmo SA	78		12,358
Colruyt SA	226		32,574
Compagnie Maritime Belge SA	231		7,485
Delhaize Group	998		66,627
Dexia	7,691		191,078
Euronav NV	243		7,060
Fortis Group SA	16,444		586,151
Groupe Bruxelles Lambert SA	975		107,110
Interbrew	2,563		118,522
KBC Bancassurance Holding NV	2,576		269,018
Mobistar SA	404		28,392
Omega Pharma SA	261		14,129
SA D'Ieteren Trading NV	37		11,107
Solvay SA	894		98,958
Suez SA	1,452		53,188
UCB SA	1,238		58,666

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Belgium (continued)
Union Miniere SA	344	$	48,925
			1,837,883
Bermuda - 0.24%
Brilliance China Automotive Holdings, Ltd. *	32,000		5,568
Cheung Kong Infrastructure Holdings, Ltd.	6,000		18,830
Cosco Pacific, Ltd.	16,000		33,717
Credicorp Ltd, ADR	967		28,942
Digital China Holdings, Ltd.	5,000		1,772
Esprit Holdings, Ltd.	13,500		103,790
Frontline, Ltd.	750		28,780
Giordano International, Ltd.	20,000		10,633
Johnson Electronic Holdings, Ltd.	19,000		18,489
Kerry Properties, Ltd.	6,500		20,944
Li & Fung, Ltd.	24,000		48,720
Noble Group, Ltd. (a)	12,000		9,030
Orient Overseas International, Ltd.	3,000		11,136
Shangri-La Asia, Ltd.	14,000		22,465
Smartone Telecommunications Holdings, Ltd.	4,000		4,511
South China Morning Post, Ltd.	12,000		4,485
Texwinca Holdings, Ltd.	8,000		6,290
TPV Technology, Ltd.	16,000		17,632
Weatherford International, Ltd. *	710		30,615
Yue Yuen Industrial Holdings, Ltd.	6,500		20,232
			446,581
Brazil - 1.57%
Aracruz Celulose SA, ADR (a)	845		41,532
Brasil Telecom Participacoes SA, ADR (a)	905		35,974
Centrais Eletricas Brasileiras SA, ADR, B
Shares (a)	2,071		22,621
Centrais Eletricas Brasileiras SA, ADR	3,447		36,310
CIA Brasileira De Distribuicao Grupo Pao de
Acucar, ADR (a)	436		18,530
CIA de Bebidas das Americas, ADR, PFD
Shares	4,766		202,269
CIA de Bebidas das Americas, ADR	900		32,130
CIA Energetica De Minas Gerais, ADR (a)	1,976		102,673
Companhia Siderurgica Nacional SA, ADR (a)	3,126		92,123
Companhia Vale Do Rio Doce, ADR	6,194		287,588
Companhia Vale Do Rio Doce, SADR	8,786		357,590
Contax Participacoes SA, ADR *	4,934		6,885
Empresa Brasileira de Aeronautica SA, ADR	1,575		62,606
Gerdau SA, ADR (a)	4,161		94,912
Petroleo Brasileiro SA, ADR, Petro	8,318		665,191
Petroleo Brasileiro SA, ADR *	5,997		524,977
Tele Centro Oeste Celular Participacoes SA,
ADR (a)	1,166		17,152
Tele Norte Leste Participacoes SA, ADR	5,457		101,118
Telesp Celular Participacoes SA, ADR * (a)	4,580		22,671
Unibanco - Uniao De Bancos Brasileiros SA,
ADR	1,717		151,010
Usinas Siderurgicas de Minas Gerais SA, ADR (a)	1,567		51,365

The accompanying notes are an integral part of the financial statements. 169

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Votorantim Celulose e Papel SA, SADR	1,189	$	17,550
			2,944,777
Canada - 6.07%
Aber Diamond Corp.	700		26,388
Abitibi Consolidated, Inc.	5,300		18,443
Agnico-Eagle Mines, Ltd.	1,300		33,163
Agrium, Inc.	1,800		44,763
Alcan Aluminum, Ltd. USD	5,200		226,643
Algoma Steel, Inc. *	500		13,225
Aliant, Inc.	600		14,483
Angiotech Pharmaceuticals, Inc. *	1,100		17,022
ATI Technologies, Inc. *	3,400		54,047
Bank Nova Scotia Halifax	13,900		582,627
Bank of Montreal	6,900		418,184
Barrick Gold Corp.	11,908		324,906
BCE, Inc.	4,100		99,510
Biovail Corp. *	1,800		45,237
Bombardier, Inc. *	19,100		49,009
Brookfield Asset Management, Inc.	3,300		180,804
Brookfield Properties Corp.	1,800		52,877
CAE, Inc.	3,300		27,374
Cameco Corp.	4,800		178,207
Canadian Imperial Bank of Commerce	4,700		330,198
Canadian National Railway Company	7,800		364,640
Canadian Natural Resources, Ltd.	7,400		403,749
Canadian Pacific Railway, Ltd.	2,300		117,627
Canadian Tire Corp., Ltd.	1,100		64,279
Canfor Corp. *	1,200		14,236
Celestica, Inc. *	2,500		27,065
CGI Group, Inc. *	3,800		28,483
CI Financial Inc., ADR	2,100		51,670
Cognos, Inc. *	1,200		46,049
Cott Corp. *	800		9,772
Domtar, Inc.	2,600		14,051
Enbridge, Inc.	4,700		147,856
EnCana Corp. - CAD	12,200		503,866
Fairfax Financial Holdings, Ltd.	300		43,036
Fairmont Hotels & Resorts, Inc.	1,000		44,218
Falconbridge, Ltd.	4,200		135,633
Finning International, Inc.	1,200		39,554
Four Seasons Hotels, Inc.	300		16,982
George Weston, Ltd.	700		53,607
Gildan Activewear, Inc. *	800		39,895
Glamis Gold, Ltd. *	1,700		46,220
Goldcorp, Inc. - New	4,500		114,477
Great-West Lifeco, Inc.	3,600		92,373
Hudson's Bay Company	800		10,685
Husky Energy, Inc.	1,700		103,912
IGM Financial, Inc.	1,600		65,097
Imperial Oil, Ltd.	1,700		163,726
Inco, Ltd.	2,700		130,634

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Intrawest Corp.	600	$	19,081
Ipsco, Inc.	700		67,355
Ivanhoe Mines, Ltd. *	2,900		23,190
Jean Coutu Group, Inc.	1,900		22,172
Kinross Gold Corp. *	4,600		42,402
Loblaw Companies, Ltd.	1,500		75,923
Magna International, Inc.	1,500		111,709
Manulife Financial Corp.	11,100		708,040
MDS, Inc.	1,900		38,401
Meridian Gold, Inc. *	1,300		32,786
Methanex Corp.	1,600		31,719
MI Developments, Inc.	600		20,399
National Bank of Canada	2,400		136,661
Nexen, Inc.	3,700		193,193
Nortel Networks Corp. *	59,400		171,728
Nova Chemicals Corp.	1,100		35,774
Novelis, Inc.	1,000		18,251
Onex Corp.	1,600		28,344
Open Text Corp. *	600		10,450
Petro-Canada	7,200		329,378
Potash Corp. of Saskatchewan, Inc.	1,500		143,660
Power Corporation Of Canada	4,300		118,647
Power Financial Corp.	3,300		96,709
Precision Drilling Trust, ADR	1,700		53,076
QLT, Inc. *	1,300		9,253
Quebecor World, Inc.	1,200		12,179
Research In Motion, Ltd. *	2,200		155,469
Rogers Communications, Inc.	2,800		111,951
RONA, Inc. *	1,500		28,286
Royal Bank of Canada	9,000		751,002
Saputo, Inc.	600		17,626
Shaw Communications, Inc.	2,600		67,970
Shell Canada, Ltd.	2,800		93,989
Shoppers Drug Mart Corp.	2,600		101,350
SNC-Lavalin Group, Inc.	700		58,208
Sun Life Financial, Inc.	8,200		358,480
Suncor Energy, Inc.	6,400		478,032
Talisman Energy, Inc.	5,100		267,593
Teck Cominco, Ltd.	2,800		174,815
Telus Corp. - Non Voting Shares	2,300		89,332
Telus Corp.	800		31,431
Thomson Corp.	3,100		118,443
TransAlta Corp.	2,600		54,993
Trans-Canada Corp.	6,800		209,079
TSX Group, Inc.	900		38,120
			11,387,151
Cayman Islands - 0.05%
ASM Pacific Technology, Ltd.	2,500		14,000
China Resources Land, Ltd.	10,000		5,381
Hutchison Telecommunications
International, Ltd. *	19,000		29,386
Kingboard Chemical Holdings, Ltd.	8,000		25,314

The accompanying notes are an integral part of the financial statements. 170

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cayman Islands (continued)
Solomon Systech International, Ltd.	24,000	$	11,291
			85,372
Chile - 0.23%
Banco Santander Chile SA, ADR	1,528		72,565
CIA Cervecerias Unidas SA, ADR	257		6,990
Compania de Telecomunicaciones de Chile
SA, ADR (a)	4,429		38,089
Distribucion y Servicio D&S SA, ADR (a)	553		11,364
Embotelladora Andina SA, ADR, Series A	516		7,032
Embotelladora Andina SA, ADR, Series B	582		8,614
Empresa Nacional de Electricidad SA, ADR	3,697		116,825
Enersis SA, ADR	8,835		108,406
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares (a)	410		50,102
Vina Concha Y Toro S.A., ADR (a)	514		14,649
			434,636
China - 0.70%
Air China, Ltd. *	38,000		13,714
Aluminum Corp. of China, Ltd.	38,000		38,937
Angang New Steel Co., Ltd. Class H	12,000		9,744
AviChina Industry & Technology Co., Ltd. *	20,000		1,547
Bank of Communications Co., Ltd., H Shares *	88,000		53,591
Beijing Capital International Airport Co., Ltd.,
Class H	16,000		9,074
Beijing Datang Power Generation Company,
Ltd., Class H	22,000		15,737
BYD Company, Ltd., H Shares	2,000		3,995
Chaoda Modern Agriculture Holdings, Ltd.	22,000		13,185
China Construction Bank *	374,500		174,973
China Life Insurance Company, Ltd. *	102,000		115,689
China Mengniu Dairy Co., Ltd.	14,000		14,435
China Overseas Land & Investment, Ltd.	50,000		27,227
China Petroleum & Chemical Corp., Class H	254,000		153,048
China Shipping Container Lines Co., Ltd.	33,000		11,590
China Shipping Development Company, Ltd.,
Class H	20,000		16,111
China Telecom Corp., Ltd.	200,000		73,466
China Travel International Investment Hong
Kong, Ltd.	34,000		9,312
COSCO Holdings *	25,000		12,244
Guangdong Investment, Ltd.	36,000		16,472
Guangshen Railway Company, Ltd., Class H	18,000		6,728
Huadian Power International Corp., Ltd.,
Class H *	18,000		4,872
Huaneng Power International, Inc., Class H	46,000		30,830
Jiangsu Expressway, Ltd.	20,000		12,889
Jiangxi Copper Co., Ltd., Class H	22,000		13,043
Lenovo Group, Ltd.	52,000		21,447
Maanshan Iron & Steel Co., Ltd., Class H	28,000		9,834
PetroChina Company, Ltd., Class H	288,000		282,109
PICC Property & Casualty Co., Ltd., Class H	38,000		12,979
Qingling Motors Co.	10,000		1,663

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
Shanghai Electric Group Co., Ltd. *	44,000	$	19,565
Shanghai Forte Land Co.	12,000		5,181
Shenzhen Expressway Co. Ltd.	10,000		3,931
Sinopec Shanghai Petrochemical
Company, Ltd., H Shares	36,000		20,416
Sinopec Yizheng Chemical Fibre Co., Ltd.	18,000		4,814
Sinotrans, Ltd., Class H	20,000		8,507
Tsingtao Brewery Company, Ltd., Series H	4,000		5,259
Weichai Power Co., Ltd.	2,000		3,261
Yanzhou Coal Mining Company, Ltd., Class H	30,000		24,553
Zhejiang Expressway Company, Ltd., Class H	20,000		14,178
Zijin Mining Group, Ltd.	20,000		11,922
ZTE Corp., Class H	2,200		8,223
			1,310,295
Colombia - 0.04%
BanColombia SA, ADR (a)	2,203		72,280
Denmark - 0.54%
A P Moller- Maersk AS	17		155,938
AS Det Ostasiatiske Kompagni	275		27,511
Bang & Olufsen AS - B Series (a)	150		17,858
Carlsberg AS, B Shares	500		31,322
Coloplast AS	352		23,513
Dampskibsselskabet Torm AS (a)	200		9,732
Danisco AS	700		51,346
Danske Bank AS	6,200		221,195
DSV AS	300		40,319
FLS Industries AS, B Shares	400		12,561
GN Store Nord AS	3,000		40,031
H. Lundbeck AS	800		16,492
NKT Holdings AS	300		15,197
Novo Nordisk AS	3,400		199,949
Novozymes AS, B Shares	750		44,945
Topdanmark AS *	300		30,395
Vestas Wind Systems AS	2,400		50,339
William Demant Holdings AS *	400		23,300
			1,011,943
Finland - 1.18%
Amer Group Oyj	950		19,876
Asko Oyj (a)	800		20,934
Cargotec Corp. Oyj * (a)	507		20,550
Elisa Oyj, A Shares	2,250		45,439
Fortum Corp. Oyj	6,200		150,044
KCI Konecranes Oyj	200		12,589
Kesko Oyj	900		28,293
Kone Corp. Oyj (a)	1,012		41,864
Metra Oyj, B Shares	800		29,184
Metso Oyj	1,500		55,256
Neste Oil Oyj *	1,712		52,432
Nokia AB - Oyj	61,950		1,159,502
Nokian Renkaat Oyj	1,360		21,645
Orion Oyj, Series B (a)	1,000		21,554

The accompanying notes are an integral part of the financial statements. 171

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Finland (continued)
Outokumpu Oyj	1,400	$	25,419
Rautaruukki Oyj	1,200		40,471
Sampo Oyj, A Shares	5,600		112,291
Stora Enso Oyj, R Shares	8,500		121,397
TietoEnator Oyj (a)	1,060		38,138
UPM-Kymmene Oyj	7,300		154,908
YIT-Yhtyma Oyj	900		45,707
			2,217,493
France - 7.32%
Accor SA (a)	2,747		165,036
Air France KLM (a)	1,603		37,072
Alcatel SA * (a)	17,316		233,016
Alstom RGPT *	1,563		133,642
Atos Origin SA *	888		61,863
Autoroutes du Sud de la France	764		46,128
AXA Group	20,919		738,378
BNP Paribas SA	10,967		1,014,118
Bouygues SA (a)	2,794		146,599
Business Objects SA *	891		32,935
Caisse Nationale du Credit Agricole	8,204		299,542
Cap Gemini SA *	1,800		88,850
Carrefour SA	7,814		387,661
Casino Guich Perrachon SA (a)	494		30,767
CNP Assurances SA	458		43,851
Compagnie De Saint Gobain SA	4,365		291,093
Compagnie Generale des Etablissements
Michelin, Class B	2,040		124,383
Dassault Systemes SA	750		41,799
Essilor International SA	1,403		120,797
European Aeronautic Defence &
Space Company	3,410		125,046
France Telecom SA	23,637		513,706
Gecina SA	123		15,365
Groupe Danone SA	3,296		380,731
Hermes International SA	317		79,200
Imerys SA	420		35,836
Klepierre SA	305		35,159
Lafarge SA	2,469		258,005
Lagardere S.C.A. (a)	1,709		132,083
L'Air Liquide SA	1,513		298,372
L'Oreal SA	4,113		363,676
LVMH Moet Hennessy SA	3,403		309,002
Neopost SA	421		42,088
PagesJaunes Groupe SA	1,659		44,353
Pernod-Ricard SA (a)	986		168,613
Peugeot SA	2,214		129,007
Pinault-Printemps-Redoute SA	946		108,937
Publicis Groupe SA	1,809		69,001
Renault Regie Nationale SA (a)	2,581		247,886
Safran SA	2,206		56,113
Sanofi-Aventis (a)	14,554		1,237,485
Schneider Electric SA	3,145		321,155

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
SCOR	10,889	$	26,194
Societe BIC SA	412		25,096
Societe des Autoroutes du Nord et
de l'Est de la France *	303		20,928
Societe Des Autoroutes Paris-Rhin-Rhone	448		5,927
Societe Generale	4,924		697,203
Societe Television Francaise 1	1,562		47,024
Sodexho Alliance (a)	1,262		53,697
STMicroelectronics NV	8,852		150,379
Suez SA Strip VVPR *	1,452		17
Suez SA	12,469		458,679
Technip SA	1,146		68,850
Thales SA	1,023		46,574
Thomson SA (a)	3,434		58,969
Total SA (a)	7,847		1,971,721
Unibail	651		106,596
Valeo SA	922		36,881
Veolia Environnement SA	4,817		251,310
Vinci SA	2,337		215,685
Vivendi Universal SA	15,034		455,640
Zodiac SA	504		31,600
			13,737,319
Germany - 5.43%
Adidas-Salomon AG	630		122,965
Allianz AG	5,306		854,928
Altana AG	951		51,005
BASF AG	7,586		571,065
Bayer AG	9,318		374,675
Beiersdorf AG	228		30,933
Celesio AG	518		48,013
Commerzbank AG	6,826		248,073
Continental AG	1,875		191,574
DaimlerChrysler AG (a)	12,868		712,045
Deutsche Bank AG	6,965		766,252
Deutsche Boerse AG	1,443		181,297
Deutsche Lufthansa AG	3,101		51,146
Deutsche Post AG	8,725		227,484
Deutsche Post AG-Reg *	1,000		25,508
Deutsche Telekom AG	38,508		606,712
Douglas Holding AG	450		20,638
E.ON AG	8,785		971,078
Epcos AG *	663		8,994
Fresenius Medical Care AG	829		88,982
Heidelberger Druckmaschinen AG	698		29,952
Hochtief AG	806		43,219
Hypo Real Estate Holding AG	1,767		116,070
Infineon Technologies AG *	8,606		79,266
IVG Immobilien AG	943		24,385
Karstadt Quelle AG	857		20,947
Linde AG	1,131		89,434
MAN AG	1,909		120,127
Merck & Company AG	657		65,673

The accompanying notes are an integral part of the financial statements. 172

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Metro AG	1,975	$	104,844
MLP AG	822		18,487
Muenchener Rueckversicherungs-
Gesellschaft AG	2,605		352,617
Premiere AG *	611		10,208
ProSieben Sat.1 Media AG	1,111		26,111
Puma AG	224		80,447
Qiagen AG *	1,899		28,706
RWE AG	5,928		506,919
SAP AG	3,119		634,866
Schering AG	2,364		169,688
Siemens AG	11,310		1,036,327
Suedzucker AG	898		23,734
Thyssen Krupp AG	5,196		131,393
Tui AG	3,051		60,124
Volkswagen AG	3,201		223,445
Wincor Nixdorf AG	213		27,121
			10,177,477
Greece - 0.55%
Alpha Bank SA	3,940		150,118
Athens Stock Exchange S.A. (ASE)	610		9,119
Bank of Piraeus SA	2,450		74,071
Coca Cola Hell Bottling	1,530		45,600
Commercial Bank of Greece SA *	1,140		40,554
Cosmote Mobile Communications SA	1,900		40,817
Duty Free Shops	240		4,486
EFG Eurobank Ergas SA	2,680		106,712
Folli-Follie SA	220		6,494
Germanos SA	750		15,683
Greek Organization of Football Prognostics	3,180		120,858
Hellenic Petroleum SA	1,410		19,667
Hellenic Technodomiki Tev SA	1,270		10,992
Hellenic Telecommunications Organization SA *	3,500		74,688
Hyatt Regency Hotel SA	550		7,317
Intracom SA	1,130		8,325
National Bank Of Greece SA	3,775		195,046
Public Power Corp.	1,490		33,323
Techniki Olympiaki SA	1,050		6,609
Titan Cement Company SA	820		39,103
Viohalco SA	1,450		16,042
			1,025,624
Hong Kong - 1.57%
Anhui Conch Cement Company, Ltd., Series H	6,000		8,623
Bank of East Asia, Ltd.	20,200		69,644
Beijing Enterprises Holdings, Ltd.	4,000		7,965
BOC Hong Kong Holdings, Ltd.	52,000		104,889
Cathay Pacific Airways, Ltd.	15,000		27,840
Cheung Kong Holdings, Ltd.	21,000		221,944
China Eastern Airlines Corp., Ltd.	20,000		3,351
China Everbright, Ltd. *	10,000		5,349

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Merchants Holdings
International Company, Ltd.	16,000	$	45,575
China Mobile, Ltd.	74,500		364,401
China Pharmaceutical Group, Ltd. *	10,000		1,843
China Resource Power Holdings, Ltd.	16,000		10,620
China Resources Enterprises, Ltd.	16,000		35,367
China Southern Airlines Co., Ltd. *	16,000		4,743
Citic Pacific, Ltd.	17,000		50,833
CLP Holdings, Ltd.	25,500		145,926
CNOOC, Ltd.	187,000		157,868
Cofco International, Ltd.	8,000		4,253
Denway Motors, Ltd.	76,000		30,121
Global Bio-Chem Technology Group Company	20,000		11,342
Gome Electrical Appliances Holdings, Ltd.	8,000		7,630
Guangzhou Investment Company, Ltd.	42,000		7,254
Hang Lung Properties, Ltd.	26,000		46,915
Hang Seng Bank, Ltd.	10,700		143,288
Henderson Land Development Company, Ltd.	10,000		53,682
Hong Kong & China Gas Company, Ltd.	51,000		122,263
Hong Kong Electric Holdings, Ltd.	19,500		89,851
Hong Kong Exchange & Clearing, Ltd.	14,000		71,997
Hopewell Holdings, Ltd.	9,000		25,288
Hutchison Whampoa, Ltd.	30,000		286,517
Hysan Development Company, Ltd.	8,000		19,539
Li Ning Co., Ltd.	7,000		6,000
Link, REIT *	29,500		64,447
MTR Corp.	19,000		43,345
New World Development Company, Ltd.	32,575		52,481
PCCW, Ltd.	53,000		36,546
Ping An Insurance Group Company of China,
Ltd.	16,000		37,223
Semiconductor Manufacturing
International Corp. *	114,000		16,750
Shanghai Industrial Holdings, Ltd.	6,000		12,914
Shenzhen Investment, Ltd.	14,000		2,400
Sino Land Company, Ltd.	20,276		30,576
Sun Hung Kai Properties, Ltd.	18,000		188,266
Swire Pacific, Ltd., Class A	13,000		124,744
TCL International Holdings, Ltd.	18,000		2,668
Techtronic Industries Company, Ltd.	15,500		26,970
Television Broadcasting Company, Ltd.	4,000		22,504
Travelsky Technology, Ltd.	4,000		3,918
Weiqiao Textile Company, Ltd.	4,500		7,250
Wharf Holdings, Ltd.	17,000		63,103
Wing Hang Bank, Ltd.	2,500		19,285
			2,948,111
India - 0.78%
Bajaj Auto, Ltd., ADR	717		42,088
Dr Reddy's Laboratories, Ltd., ADR	1,473		42,378
Grasim Industries, Ltd., ADR	999		38,961
ICICI Bank, Ltd., SADR	7,679		235,822
Infosys Technologies, Ltd., ADR	5,107		361,575

The accompanying notes are an integral part of the financial statements. 173

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Larsen & Toubro, Ltd., ADR	394	$	21,285
Ranbaxy Laboratories, Ltd., ADR	4,173		39,769
Reliance Industries, Ltd., GDR	9,876		315,044
Satyam Computer Services, Ltd., ADR	3,622		149,045
State Bank of India, Ltd., ADR (a)	640		30,720
Tata Motors, Ltd., ADR (a)	5,069		92,915
Videsh Sanchar Nigam, Ltd., ADR (a)	698		11,280
Wipro, Ltd., ADR (a)	5,847		81,215
			1,462,097
Indonesia - 0.19%
PT Telekomunikiasi Indonesia, ADR	13,500		351,675
Ireland - 0.70%
Allied Irish Banks PLC - Dublin	12,402		296,144
Bank of Ireland	13,768		245,382
C&C Group PLC	3,967		26,484
CRH PLC	7,606		248,993
DCC PLC	1,159		26,391
Depfa Bank PLC	4,781		79,396
Eircom Group PLC - Dublin	11,472		30,225
Elan Corp. - Dublin *	5,676		75,719
Fyffes PLC - Dublin	4,132		10,345
Grafton Group PLC	3,146		38,630
Greencore Group PLC - Dublin	2,050		8,407
Iaws Group PLC, ADR	1,528		25,502
Independent News & Media PLC - Dublin	8,061		25,658
Irish Life & Permanent PLC - Dublin	3,852		84,909
Kerry Group PLC	1,876		41,509
Kingspan Group PLC - Dublin	1,550		22,396
Paddy Power PLC	593		9,367
Ryanair Holdings PLC, SADR * (a)	420		22,298
			1,317,755
Israel - 0.43%
Aladdin Knowledge Systems ADR * (a)	979		19,844
Alvarion, Ltd., ADR * (a)	10,017		93,559
Audio Codes, Ltd., ADR * (a)	2,831		32,500
Check Point Software Technologies, Ltd., ADR *	15,898		337,991
ECI Telecom, Ltd. ADR *	3,196		27,869
Given Imaging Corp. ADR *	2,814		64,835
Lipman Electronic Engineering, Ltd. ADR *	1,761		43,197
M-Systems Flash Disk Pioneers, Ltd. ADR * (a)	2,758		74,466
Orbotech, Ltd. ADR *	2,403		57,263
RADWARE, Ltd. ADR * (a)	962		19,173
Syneron Medical, Ltd. ADR * (a)	1,159		31,757
			802,454
Italy - 3.06%
Alleanza Assicuraz SpA	5,893		72,993
Assicurazioni Generali SpA	13,419		481,363
Autogrill SpA	1,430		20,986
Autostrade SpA	3,966		101,275
Banca Fideuram SpA	3,673		22,288
Banca Intesa SpA - Non convertible	13,022		71,683

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Banca Intesa SpA	46,280	$	273,656
Banca Monte dei Paschi Siena SpA	15,334		79,337
Banca Naz Del Lavoro SpA * (a)	14,806		51,453
Banca Popolare di Milano SpA	5,514		69,745
Banche Popolari Unite SpA	4,763		119,697
Banco Popolare Di Verona e Novara SpA	5,137		123,278
BCA Antonveneta SpA	1,219		38,409
Benetton Group SpA	794		10,128
Bulgari SpA	1,857		22,050
Capitalia SpA	23,243		175,676
Enel SpA	60,342		501,399
Eni SpA	36,425		1,040,440
Fiat SpA * (a)	6,708		72,612
Finmeccanica SpA	4,105		89,899
Gruppo Editoriale L'Espresso SpA	2,164		11,112
Italcementi SpA	885		18,126
Lottomatica SpA * (a)	389		15,535
Luxottica Group SpA	1,919		53,968
Mediaset SpA	11,436		134,698
Mediobanca SpA	6,765		141,539
Mediolanum SpA (a)	3,782		31,245
Mondadori (Arnoldo) Editore SpA	1,458		13,792
Pirelli & Company SpA	41,559		39,289
San Paolo-IMI SpA	15,626		275,888
Seat Pagine Gialle SpA *	60,043		29,491
Snam Rete Gas SpA	14,057		61,753
T.E.R.N.A SpA	16,879		44,420
Telecom Italia Media SpA *	14,331		7,278
Telecom Italia SpA	150,037		402,897
Telecom Italia SpA-RNC	84,903		195,248
Tiscali SpA *	2,947		8,687
UniCredito Italiano SpA (a)	112,666		819,991
			5,743,324
Japan - 20.22%
Acom Company, Ltd. (a)	960		58,580
Aderans Company, Ltd. (a)	800		22,015
Advantest Corp.	1,000		113,922
AEON Company, Ltd.	9,300		221,750
AEON Credit Service Company, Ltd.	1,200		34,151
Aiful Corp.	850		56,589
Aisin Seiki Company	2,500		88,668
Ajinomoto Company, Inc.	8,000		84,779
Alfresa Holdings Corp. (a)	300		17,357
All Nippon Airways Company, Ltd.	8,000		29,126
Alps Electric Company (a)	2,300		35,971
Amada Company, Ltd.	5,000		47,261
Amano Corp.	1,400		25,186
Anritsu Corp.	2,000		11,469
Aoyama Trading Company, Ltd.	800		24,613
Ariake Japan Company, Ltd.	400		11,144
Asahi Breweries, Ltd.	5,100		68,561

The accompanying notes are an integral part of the financial statements. 174

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Asahi Glass Company, Ltd. (a)	15,000	$	211,520
Asahi Kasei Corp.	18,000		118,913
ASATSU-DK, Inc.	500		17,819
Astellas Pharmaceuticals, Inc.	7,700		296,128
Autobacs Seven Company, Ltd.	400		20,101
Bank of Fukuoka, Ltd. (a)	7,000		59,345
Bank of Kyoto, Ltd. (a)	3,000		35,023
Bank of Yokohama, Ltd. *	16,000		129,630
Benesse Corp.	900		30,843
Bridgestone Corp.	9,000		175,369
Canon Sales Company, Inc.	1,000		21,323
Canon, Inc.	10,500		656,866
Casio Computer Company, Ltd. (a)	2,900		46,842
Central Glass Company, Ltd. (a)	4,000		22,391
Central Japan Railway Company, Ltd.	22		214,340
Chiba Bank, Ltd.	10,000		84,095
Chiyoda Corp. * (a)	2,000		48,372
Chubu Electric Power Company, Inc.	8,300		218,477
Chugai Pharmaceutical Company, Ltd.	3,700		67,511
Circle K Sunkus Company, Ltd. (a)	600		13,871
Citizen Watch Company, Ltd. (a)	4,800		42,745
Coca-Cola West Japan Company, Ltd. (a)	1,000		23,759
COMSYS Holdings Corp.	2,000		27,844
Credit Saison Company, Ltd.	2,100		99,068
CSK Corp.	900		41,073
Dai Nippon Printing Company, Ltd.	9,000		158,448
Daicel Chemical Industries, Ltd.	4,000		32,237
Daido Steel Company, Ltd.	5,000		43,971
Daiichi Sankyo Company, Ltd. * (a)	9,300		189,958
Daikin Industries, Ltd.	3,200		106,110
Daimaru, Inc.	3,000		40,407
Dainippon Ink & Chemicals, Inc.	9,000		36,535
Dainippon Screen
Manufacturing Company, Ltd.	3,000		27,921
Daito Trust Construction Company, Ltd.	1,000		46,577
Daiwa House Industry Company, Ltd.	7,000		112,050
Daiwa Securities Group, Inc.	18,000		215,366
Denki Kagaku Kogyo Kabushiki Kaisha	6,000		25,229
Denso Corp.	7,500		274,335
Dentsu, Inc.	24		80,198
Dowa Mining Company, Ltd.	4,000		44,270
E Trade Securities Corp. (a)	18		41,689
E-Access, Ltd. *	32		24,039
East Japan Railway Company, Ltd.	48		339,663
Ebara Corp.	4,000		24,921
Eisai Company, Ltd.	3,600		166,447
Electric Power Development Company, Ltd.	2,160		68,671
Elpida Memory, Inc. *	500		18,246
Familymart Company, Ltd. (a)	900		28,074
Fanuc, Ltd.	2,500		211,520
Fast Retailing Company, Ltd.	700		60,781
Fuji Electric Holdings	7,000		32,843

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Fuji Photo Film Company, Ltd. (a)	6,800	$	217,930
Fuji Software ABC, Inc.	800		22,631
Fuji Television Network, Inc.	7		16,870
Fujikura, Ltd.	4,000		44,714
Fujitsu, Ltd.	25,000		200,196
Furukawa Electric Company, Ltd.	8,000		62,969
Glory, Ltd.	800		17,845
Goodwill Group, Inc.	33		23,634
Gunma Bank	5,000		37,262
Gunze, Ltd.	3,000		19,127
Hakuhodo DY Holdings, Inc. (a)	300		24,177
Hankyu Department Stores (a)	2,000		17,605
Hikari Tsushin, Inc. *	300		20,767
Hino Motors, Ltd. (a)	4,000		25,263
Hirose Electric Company, Ltd.	400		54,081
Hitachi Cable, Ltd. (a)	5,000		28,160
Hitachi Capital Corp.	700		13,311
Hitachi Chemical, Ltd.	1,400		38,886
Hitachi Construction Machinery Co., Ltd. (a)	1,300		32,219
Hitachi Software Engineering Co., Ltd.	600		11,076
Hitachi, Ltd. (a)	45,000		315,742
Hokkaido Electric Power Company, Inc.	2,300		53,564
Hokugin Financial Group, Inc. (a)	15,000		64,738
Honda Motor Company, Ltd.	11,000		648,662
House Food Corp.	1,000		15,349
Hoya Corp.	6,100		241,894
Ibiden Company, Ltd. (a)	1,900		89,633
Index Corp. (a)	20		36,407
Inpex Corp.	5		47,859
Isetan Company, Ltd.	2,400		43,586
Ishihara Sangyo	6,000		11,845
Ishikawajima Harima Heavy Industries
Company, Ltd. *	15,000		45,893
ITO EN, Ltd. (a)	800		24,682
Itochu Corp.	22,000		183,693
Itochu Techno-Science Corp.	400		15,452
JAFCO Company, Ltd.	400		27,485
Japan Airlines System Corp.	9,000		23,921
Japan Prime Realty Investment Corp.	6		18,357
Japan Real Estate Investment Corp.	4		35,552
Japan Retail Fund	3		23,331
Japan Tobacco, Inc.	13		222,203
JFE Holdings, Inc (a)	7,900		291,667
JGC Corp. (a)	3,000		64,097
Joyo Bank, Ltd.	9,000		57,610
JS Group Corporation	3,900		75,993
JSR Corp.	2,400		70,763
Kajima Corp. (a)	12,000		70,353
Kaken Pharmaceutical Company, Ltd.	2,000		16,409
Kamigumi Company, Ltd.	3,000		22,870
Kaneka Corp.	4,000		52,406
Kansai Electric Power Company, Ltd.	10,900		251,982

The accompanying notes are an integral part of the financial statements. 175

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kansai Paint Company, Ltd.	3,000	$	25,664
Kao Corp.	7,000		189,043
Katokichi Company, Ltd.	3,100		21,168
Kawasaki Heavy Industries, Ltd. (a)	16,000		55,106
Kawasaki Kisen Kaisha, Ltd. (a)	6,000		37,433
KDDI Corp.	36		184,292
Keihin Electric Express Railway Company, Ltd.	6,000		49,739
(a)
Keio Electric Railway Company, Ltd.	7,000		43,013
Keisei Electric Railway Company, Ltd. (a)	3,000		19,332
Keyence Corp.	500		136,954
Kikkoman Corp.	2,000		19,520
Kinden Corp.	2,000		18,768
Kintetsu Corp. (a)	20,000		77,087
Kirin Brewery Company, Ltd.	12,000		157,730
Kobe Steel Company, Ltd. (a)	38,000		144,842
Kokuyo Company, Ltd.	1,100		16,329
Komatsu, Ltd.	13,000		231,647
Komori Corp.	1,000		20,981
Konami Corp.	1,200		29,587
Konica Minolta Holdings, Inc.	6,000		74,865
Kose Corp.	400		16,306
Koyo Seiko Company, Ltd.	2,800		53,124
Kubota Corp.	14,000		137,595
Kuraray Company, Ltd.	5,000		59,824
Kurita Water Industries, Ltd. (a)	1,500		32,049
Kyocera Corp.	2,300		204,427
Kyowa Hakko Kogyo Company, Ltd.	4,000		30,220
Kyushu Electric Power	5,500		131,613
Lawson, Inc. (a)	800		29,741
LeoPalace21 Corp.	1,600		57,568
Mabuchi Motor Company, Ltd.	400		20,408
Makita Corp.	1,500		43,586
Marubeni Corp.	18,000		89,377
Marui Company, Ltd.	4,200		79,685
Matsui Securities Company, Ltd.	1,500		20,716
Matsumotokiyoshi Company, Ltd. (a)	500		13,759
Matsushita Electric Industrial Company, Ltd. (a)	29,000		614,648
Matsushita Electric Works, Ltd.	4,000		46,594
Mediceo Holdings Company, Ltd. (a)	2,000		32,630
Meiji Dairies Corp.	3,000		16,152
Meiji Seika Kaisha, Ltd.	4,000		20,374
Meitec Corp.	500		17,093
Millea Holdings, Inc.	21		428,937
Minebea Company, Ltd. (a)	5,000		30,126
Mitsubishi Chemical Holdings Corp, ADR *	15,500		93,787
Mitsubishi Corp.	16,600		385,881
Mitsubishi Electric Corp.	27,000		215,751
Mitsubishi Estate Company, Ltd.	16,000		337,065
Mitsubishi Gas & Chemicals Company, Inc.	5,000		59,012
Mitsubishi Heavy Industries, Ltd.	43,000		202,119
Mitsubishi Logistc Corp. (a)	2,000		31,245

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Materials Corp.	13,000	$	67,661
Mitsubishi Rayon Company, Ltd.	7,000		56,414
Mitsubishi Securities Company, Ltd. (a)	4,000		58,627
Mitsubishi UFJ Financial Group, Inc.	102		1,525,509
Mitsui & Company, Ltd. (a)	20,000		273,481
Mitsui Chemicals, Inc. (a)	8,000		63,858
Mitsui Engineering & Shipbuilding
Company, Ltd. (a)	10,000		31,450
Mitsui Fudosan Company, Ltd.	11,000		228,442
Mitsui Mining & Smelting Company, Ltd.	8,000		54,354
Mitsui O.S.K. Lines, Ltd.	16,000		117,186
Mitsui Sumitomo Insurance Company, Ltd.	17,000		225,194
Mitsui Trust Holdings, Inc.	7,000		102,777
Mitsukoshi, Ltd. (a)	6,000		34,100
Mitsumi Electric Company, Ltd.	1,900		23,464
Mizuho Financial Group, Inc.	135		1,079,906
Murata Manufacturing Company, Ltd.	2,900		180,429
Namco Bandai Holdings, Inc. *	2,800		34,411
NEC Corp.	27,000		166,370
NEC Electronics Corp.	500		16,708
Net One Systems Company, Ltd.	7		14,059
NGK Insulators, Ltd.	4,000		54,081
NGK Spark Plug Company, Ltd.	3,000		68,327
NHK Spring Company, Ltd. (a)	2,000		23,742
Nichii Gakkan Company, Ltd.	400		8,615
Nichirei Corp.	3,000		13,717
Nidec Corp. (a)	1,500		119,220
Nikko Cordial Corp.	11,500		183,001
Nikon Corp. (a)	4,000		68,199
Nintendo Company, Ltd.	1,400		206,512
Nippon Building Fund, Inc. (a)	5		47,859
Nippon Electric Glass Company, Ltd.	3,000		72,686
Nippon Express Company, Ltd.	11,000		58,380
Nippon Kayaku Company, Ltd. (a)	2,000		16,631
Nippon Light Metal Company, Ltd. (a)	6,000		16,870
Nippon Meat Packers, Inc.	2,000		19,742
Nippon Mining Holdings, Inc.	10,000		74,438
Nippon Oil Corp.	18,000		135,834
Nippon Paper Group, Inc.	13		59,773
Nippon Sheet Glass Company, Ltd. (a)	5,000		21,024
Nippon Shokubai Company, Ltd.	2,000		22,733
Nippon Steel Corp. (a)	86,000		343,235
Nippon Telegraph & Telephone Corp.	73		315,682
Nippon Yusen Kabushiki Kaisha (a)	14,000		91,172
Nippon Zeon Company	2,000		25,177
Nishimatsu Construction Company, Ltd. (a)	3,000		12,691
Nishi-Nippon City Bank, Ltd. * (a)	6,000		30,767
Nissan Chemical Industries, Ltd.	2,000		32,972
Nissan Motor Company, Ltd.	31,800		364,174
Nisshin Seifun Group, Inc.	2,500		25,297
Nisshin Steel Company	11,000		36,852
Nisshinbo Industries, Inc.	2,000		20,904

The accompanying notes are an integral part of the financial statements. 176

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nissin Food Products Company, Ltd.	1,200	$	36,407
Nitori Company, Ltd.	500		24,442
Nitto Denko Corp.	2,300		197,744
NOK Corp.	1,400		40,920
Nomura Real Estate Office Fund, Inc.	3		24,100
Nomura Research Institute, Ltd.	300		34,151
Nomura Securities Company, Ltd.	24,800		475,822
NSK, Ltd.	6,000		45,996
NTN Corp.	5,000		37,005
NTT Data Corp.	17		78,891
NTT DoCoMo, Inc.	239		355,405
NTT Urban Development Corp.	3		23,818
Obayashi Corp.	8,000		59,619
OBIC Co., Ltd.	100		19,742
Odakyu Electric Railway Company (a)	8,000		48,885
Oji Paper Company, Ltd.	11,000		75,771
Oki Electric Industry Company, Ltd. (a)	7,000		22,434
Okumura Corp.	3,000		16,101
Olympus Optical Company, Ltd. (a)	3,000		86,403
Omron Corp.	2,800		77,532
Onward Kashiyama Company, Ltd. (a)	2,000		33,860
Oracle Corp. - Japan	400		18,562
Oriental Land Company, Ltd.	700		40,920
Orix Corp.	1,200		318,947
Osaka Gas Company, Ltd.	27,000		102,683
Pioneer Electronic Corp.	2,100		32,897
Promise Company, Ltd. (a)	1,150		69,092
Q.P. Corp.	2,400		22,767
Rakuten, Inc. (a)	55		47,475
Resona Holdings, Inc. * (a)	65		230,536
Ricoh Company, Ltd.	10,000		185,027
Rinnai Corp.	900		26,075
Rohm Company, Ltd.	1,500		144,090
Ryohin Keikaku Company, Ltd. (a)	300		22,537
Sanken Electric Company	2,000		29,980
SANKYO Co., Ltd.	700		42,654
Santen Pharmaceutical Co., Ltd.	1,000		23,075
Sanwa Shutter Corp. (a)	2,000		13,213
Sanyo Electric Company, Ltd. * (a)	21,000		50,790
Sapporo Holdings (a)	4,000		20,682
SBI Holdings, Inc. (a)	73		38,805
Secom Company, Ltd.	3,000		148,705
Sega Sammy Holdings, Inc.	1,900		77,617
Seiko Epson Corp.	1,400		33,262
Seino Transportation Co., Ltd. (a)	2,000		19,434
Sekisui Chemical Company, Ltd.	6,000		48,252
Sekisui House, Ltd.	7,000		106,187
Seven & I Holdings Co., Ltd.	11,300		461,618
SFCG Company, Ltd.	80		16,675
Sharp Corp.	14,000		247,671
Shimachu Company, Ltd.	600		17,588
Shimamura Company, Ltd.	300		33,997

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Shimano, Inc.	1,000	$	28,630
Shimizu Corp.	8,000		56,200
Shin-Etsu Chemical Company, Ltd.	5,500		292,838
Shinko Securities Company, Ltd. * (a)	7,000		36,313
Shinsei Bank, Ltd.	13,000		87,215
Shionogi & Co., Ltd.	4,000		54,901
Shiseido Company, Ltd. (a)	5,000		87,813
Shizuoka Bank, Ltd.	8,000		78,284
Showa Denko K.K.	14,000		60,183
Showa Shell Sekiyu K.K.	2,300		25,966
Skylark Company, Ltd. (a)	1,100		17,100
SMC Corp.	700		99,009
SOFTBANK Corp. (a)	10,200		313,819
Sojitz Holdings Corp. * (a)	5,200		28,620
Sompo Japan Insurance, Inc.	12,000		174,241
Sony Corp.	13,900		656,926
Stanley Electric Corp.	2,000		38,458
Sumitomo Bakelite Company, Ltd.	2,000		17,075
Sumitomo Chemical Company, Ltd.	20,000		155,542
Sumitomo Corp.	15,000		203,828
Sumitomo Electric Industries, Ltd. (a)	10,200		153,597
Sumitomo Heavy Industries, Ltd.	7,000		62,815
Sumitomo Light Metal Industries, Ltd.	57,000		253,799
Sumitomo Metal Mining Co., Ltd. (a)	7,000		93,265
Sumitomo Mitsui Financial Group, Inc.	82		897,016
Sumitomo Osaka Cement Company, Ltd.	5,000		15,640
Sumitomo Realty &
Development Company, Ltd.	5,000		116,657
Sumitomo Rubber Industries, Inc.	2,000		24,169
Sumitomo Trust & Banking Company, Ltd.	17,000		173,327
Suruga Bank, Ltd.	3,000		38,843
Suzuken Company, Ltd.	800		23,656
T&D Holdings, Inc.	3,250		243,590
Taiheiyo Cement Corp. (a)	11,000		47,381
Taisei Corp.	12,000		58,046
Taisho Pharmaceuticals Company, Ltd.	2,000		42,219
Taiyo Nippon Sanso Corp.	4,000		27,861
Taiyo Yuden Company, Ltd.	2,000		30,459
Takara Holdings (a)	2,000		11,999
Takashimaya Company, Ltd. (a)	4,000		58,115
Takeda Pharmaceutical Company, Ltd.	12,500		694,384
Takefuji Corp. (a)	1,460		93,332
Tanabe Seiyaku Co., Ltd.	3,000		32,972
TDK Corp.	1,600		111,580
Teijin, Ltd. (a)	11,000		74,173
Teikoku Oil Company, Ltd. (a)	3,000		40,535
Terumo Corp.	2,200		66,934
The 77th Bank, Ltd.	4,000		30,083
THK Company, Ltd.	1,400		39,484
TIS, Inc.	900		23,921
Tobu Railway Company, Ltd. (a)	10,000		50,167
Toda Corp.	3,000		15,306

The accompanying notes are an integral part of the financial statements. 177

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Toho Company, Ltd. (a)	1,900	$	35,480
Tohoku Electric Power Company, Ltd.	5,700		128,117
Tokuyama Corp.	3,000		44,765
Tokyo Broadcasting Company, Ltd.	500		14,785
Tokyo Electric Power Company, Ltd.	16,100		432,048
Tokyo Electron, Ltd.	2,200		147,218
Tokyo Gas Company, Ltd.	30,000		136,655
Tokyo Steel Manufacturing Co., Ltd.	1,500		28,908
Tokyo Style Company, Ltd.	2,000		22,716
Tokyo Tatemono Company, Ltd.	3,000		29,074
Tokyu Corp.	12,000		74,968
Tokyu Land Corp. (a)	5,000		43,885
TonenGeneral Sekiyu K.K.	4,000		39,586
Toppan Printing Company, Ltd.	8,000		101,735
Toray Industries, Inc.	18,000		138,603
Toshiba Corp.	41,000		233,364
Tosoh Corp.	6,000		31,587
Toto, Ltd. (a)	4,000		33,706
Toyo Seikan Kaisha, Ltd.	2,200		37,792
Toyo Suisan Kaisha, Ltd. *	1,000		14,486
Toyobo Company, Ltd.	9,000		27,921
Toyoda Gosei Co., Ltd.	900		19,152
Toyota Industries Corp. (a)	2,600		103,991
Toyota Motor Corp.	40,400		2,157,933
Toyota Tsusho Corp. (a)	2,000		46,321
Trend Micro, Inc. (a)	1,500		46,150
Ube Industries, Ltd. (a)	11,000		32,433
UNI Charm Corp.	600		29,690
Uniden Corp.	1,000		15,041
UNY Company, Ltd.	2,000		30,339
Ushio, Inc.	1,500		36,663
USS Company., Ltd.	320		20,976
Wacoal Corp.	1,000		13,665
West Japan Railway Company, Ltd.	23		92,778
Yahoo Japan Corp.	100		117,938
Yakult Honsha Company, Ltd. (a)	1,400		32,185
Yamada Denki Company, Ltd.	1,000		107,341
Yamaha Corp.	2,300		39,411
Yamaha Motor Company, Ltd.	2,500		57,474
Yamato Transport Company, Ltd. (a)	5,000		95,291
Yamazaki Baking Company, Ltd.	3,000		24,075
Yaskawa Electric Corp. *	3,000		32,818
Yokogawa Electric Corp. (a)	2,700		49,611
			37,930,678
Korea - 0.03%
LG.Philips LCD Co Ltd, ADR * (a)	2,320		51,458
Luxembourg - 0.20%
Arcelor SA (a)	7,171		262,109
Tenaris SA, ADR	700		112,105
			374,214

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mexico - 0.80%
America Movil S.A. de C.V., Series L	20,600	$	715,438
Cemex SA de C.V., SADR	4,979		307,503
Grupo Televisa SA, SADR	2,100		164,766
Telefonos de Mexico SA de CV, Class L,
SADR	14,000		313,460
			1,501,167
Netherlands - 4.37%
ABN AMRO Holdings NV	25,024		729,401
Aegon NV	19,937		329,185
Akzo Nobel NV	3,776		191,766
ASML Holding NV *	6,744		139,974
Buhrmann NV	1,539		25,851
Corio NV	533		35,043
DSM NV	2,154		89,619
Euronext NV	1,116		69,981
Getronics NV (a)	1,602		21,772
Hagemeyer NV * (a)	6,817		27,469
Heineken NV	3,417		128,725
IHC Caland NV	495		48,803
ING Groep NV	26,236		986,171
Koninklijke (Royal) KPN NV	29,494		305,200
Koninklijke (Royal) Philips Electronics NV	18,442		600,647
Koninklijke Ahold NV *	21,603		176,157
Oce-Van Der Grinten NV	1,037		17,951
Randstad Holdings NV	611		34,220
Reed Elsevier NV	9,792		132,378
Rodamco Europe NV	644		59,040
Royal Dutch Shell PLC, A Shares	56,716		1,711,465
Royal Dutch Shell PLC, B Shares	38,614		1,218,151
Royal Numico NV *	2,423		104,942
TNT Post Group NV	5,828		189,746
Unilever NV	8,011		556,306
Vedior NV	2,201		41,589
VNU NV	3,363		108,970
Wereldhave NV	274		29,202
Wolters Kluwer NV	4,113		90,319
			8,200,043
New Zealand - 0.15%
Auckland International Airport, Ltd.	15,760		19,550
Contact Energy, Ltd.	4,646		22,159
Fisher & Paykel Appliances Holdings, Ltd.	4,059		10,555
Fisher & Paykel Healthcare Corp.	7,769		19,481
Fletcher Building, Ltd.	7,464		39,016
Kiwi Income Property Trust	11,787		9,930
Sky City Entertainment Group, Ltd.	6,728		22,315
Sky Network Television, Ltd. *	3,143		13,177
Telecom Corp. of New Zealand, Ltd. (a)	31,895		111,923
Tower, Ltd. *	4,007		5,688
Vector, Ltd. *	3,493		5,978
Warehouse Group, Ltd.	1,921		4,893

The accompanying notes are an integral part of the financial statements. 178

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
New Zealand (continued)
Waste Management Corp.	1,401	$	5,994
			290,659
Norway - 0.61%
Den Norske Bank ASA	9,600		116,631
Norsk Hydro ASA	2,040		238,320
Norske Skogindustrier ASA	2,300		34,417
Orkla ASA (a)	2,750		119,990
Petroleum Geo-Services ASA *	753		29,564
Prosafe ASA (a)	450		22,335
Schibsted ASA	700		19,290
Smedvig ASA, A shares	600		18,179
Statoil ASA	9,400		239,544
Stolt Offshore SA *	2,756		36,852
Stolt-Nielsen SA	600		18,757
Storebrand ASA	3,200		35,440
Tandberg ASA (a)	1,800		13,934
Tandberg Television ASA *	1,000		17,779
Telenor ASA	11,200		121,135
Tomra Systems ASA (a)	2,400		19,113
Yara International ASA (a)	3,000		45,670
			1,146,950
Peru - 0.02%
Compania de Minas Buenaventura SA, ADR	1,366		35,817
Portugal - 0.22%
Banco BPI, SA	3,999		21,596
Banco Comercial dos Acores, SA	25,707		76,310
Banco Espirito Santo, SA	1,381		22,753
Brisa Auto Estrada, SA	4,341		38,244
Cimpor-Cimentos De Portugal, SA	2,652		16,219
Electricidade De Portugal, SA	24,048		84,000
Jeronimo Martins, SGPS, SA	497		8,088
Portugal Telecom, SGPS, SA	9,973		115,326
PT Multimedia.com, SGPS, SA	1,032		12,512
Sonae Industria SGPS SA/New *	802		7,056
Sonae, SGPS, SA	11,838		18,346
			420,450
Russia - 0.85%
Gazprom, ADR (a)	1,110		93,906
JSC MMC Norilsk Nickel, ADR	1,170		104,130
Lukoil Oil Company, ADR	8,012		640,159
Mechel Steel Group, ADR (a)	433		12,206
Mobile Telesystems, ADR	1,565		56,450
RAO Unified Energy System, ADR	1,290		89,010
Rostelecom, ADR (a)	981		19,728
Sberbank of Russian Federation, ADR	600		92,700
Sibirtelecom, ADR (a)	71		5,055
Surgutneftegaz, ADR for PFD Shares (a)	1,096		126,588
Surgutneftegaz, ADR	2,239		163,223
Tatneft, ADR (a)	1,020		116,025
UralsvyAzinform, ADR	669		5,499
VolgaTelecom, ADR (a)	612		5,337

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Russia (continued)
Vympel Communicatii, ADR * (a)	1,449	$	63,756
Wimm-Bill-Dann Foods OJSC, ADR *	211		4,937
			1,598,709
Singapore - 0.69%
Allgreen Properties, Ltd.	6,000		5,070
Ascendas Real Estate	12,000		15,987
CapitaLand, Ltd.	15,000		38,856
CapitaMall Trust	12,000		17,245
Chartered Semiconductor Manufacturing, Ltd. *	13,000		10,824
(a)
City Developments, Ltd.	7,000		41,015
ComfortDelGro Corp., Ltd.	25,000		25,442
Cosco Corp. Singapore, Ltd.	10,000		7,339
Creative Technology, Ltd. (a)	700		5,483
Datacraft Asia, Ltd. *	3,000		3,480
DBS Group Holdings, Ltd.	16,000		161,840
Fraser & Neave, Ltd. (a)	3,000		35,341
Haw Par Corp., Ltd.	1,000		3,516
Jardine Cycle and Carriage, Ltd.	2,000		12,705
Keppel Corp., Ltd. (a)	8,000		69,078
Keppel Land, Ltd.	5,000		13,631
Neptune Orient Lines, Ltd.	7,000		10,880
Olam International, Ltd.	8,000		9,079
Oversea-Chinese Banking Corp., Ltd.	36,000		150,985
OverSeas Union Enterprises, Ltd.	1,000		7,340
Parkway Holdings, Ltd.	8,000		12,089
SembCorp Industries, Ltd. *	12,000		23,092
SembCorp Logistics, Ltd.	4,000		4,268
SembCorp Marine, Ltd. (a)	7,000		12,650
Singapore Airlines, Ltd.	8,000		73,026
Singapore Exchange, Ltd. (a)	10,000		23,561
Singapore Land, Ltd.	2,000		7,525
Singapore Petroleum Co., Ltd.	2,000		6,229
Singapore Post, Ltd.	18,000		13,433
Singapore Press Holdings, Ltd.	22,000		60,246
Singapore Technologies Engineering, Ltd.	19,000		35,625
Singapore Telecommunications, Ltd.	95,000		152,928
SMRT Corporation, Ltd.	8,000		5,428
ST Assembly Test Services, Ltd. *	17,000		11,953
Suntec Real Estate Investment Trust *	11,000		8,073
United Overseas Bank, Ltd.	16,000		148,025
United Overseas Land, Ltd.	7,000		11,527
Venture Corp., Ltd.	3,000		24,239
Want Want Holdings ADR	5,000		6,300
Wing Tai Holdings, Ltd.	6,000		5,551
			1,290,904
South Korea - 2.53%
Kookmin Bank, ADR	23,304		1,765,278
Korea Electric Power Corp., ADR	34,936		775,929
KT Corp., Sponsored ADR	19,441		396,985
POSCO, ADR	20,857		1,218,883

The accompanying notes are an integral part of the financial statements. 179

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
SK Telecom Company, Ltd., ADR	24,387	$	588,946
			4,746,021
Spain - 3.09%
Abertis Infrastructuras SA (a)	3,030		78,529
Acciona SA (a)	412		57,466
Acerinox SA	2,436		37,375
ACS Actividades SA	3,453		128,846
Aguas De Barcelona SA-Class A	770		21,297
Altadis SA, Series A	3,934		165,085
Antena 3 de Television SA	1,028		27,292
Banco Bilbao Vizcaya Argentaria SA	47,461		966,397
Banco Popular Espanol SA	11,836		158,741
Banco Santander Central Hispano SA	83,131		1,214,031
Cintra Concesiones de Infraestructuras de
Transporte SA (a)	2,598		34,503
Corporacion Mapfre SA	1,421		27,393
Ebro Puleva SA (a)	1,119		20,384
Endesa SA	13,371		448,239
Fomento de Construcciones SA	663		45,092
Gamesa Corporation Tecno SA	2,482		42,993
Gas Natural SDG SA (a)	2,522		76,819
Grupo Ferrovial SA	904		67,734
Iberdrola SA	11,393		359,520
Iberia Lineas Aereas de Espana SA	6,235		17,765
Indra Sistemas SA	1,809		36,015
Industria de Diseno Textil SA	3,055		109,734
Inmobiliaria Colonial SA	407		26,152
Metrovacesa SA	806		60,054
NH Hoteles SA	1,027		16,590
Promotora de Informaciones SA (a)	1,013		18,767
Repsol SA	12,854		359,192
Sacyr Vallehermoso SA (a)	1,452		40,852
Sociedad General de Aguas de Barcelona SA *	7		186
Sogecable SA * (a)	530		21,312
Telefonica Publicidad e Informacion SA (a)	2,148		22,637
Telefonica SA	62,426		963,009
Union Fenosa SA	2,982		111,982
Zeltia SA *	2,097		14,550
			5,796,533
Sweden - 1.87%
Alfa Laval AB	1,300		32,829
Assa Abloy AB, Series B	4,200		71,328
Atlas Copco AB, Series A *	4,700		115,724
Atlas Copco AB, Series B *	3,000		68,184
Axfood AB	400		10,329
Billerud Aktibolag AB (a)	700		9,988
Capio AB *	1,000		17,299
Castellum AB	500		20,929
D. Carnegie & Company AB	600		10,152
Electrolux AB, Series B	4,000		110,610
Elekta AB, Series B	1,144		16,901

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Eniro AB	2,500	$	27,700
Ericsson LM, Series B	208,000		709,118
Fabege AB	1,000		19,824
Gambro AB- A shares *	2,500		25,490
Gambro AB- B shares *	1,500		15,436
Getinge AB, Series B	2,400		34,698
Hennes & Mauritz AB, Series B	6,700		244,069
Hoganas AG, B Shares (a)	400		8,460
Holmen AB, Series B	700		27,135
Kungsleden AB	670		23,434
Lundin Petroleum AB, Series A *	2,190		24,196
Modern Time Group AB, Series B *	750		34,755
Nordea Bank AB	30,500		344,678
OMX AB *	1,000		17,046
Oriflame Cosmetics AB	400		13,006
Sandvik AB	2,800		150,612
SAS AB * (a)	1,000		13,195
Scania AB, Series B	1,300		54,333
Securitas AB, B Shares	4,200		77,162
Skandinaviska Enskilda Banken AB, Series A	6,600		145,839
Skanska AB, Series B	5,500		88,545
SKF AB, Series B *	5,600		81,316
SSAB Svenskt Stal AB, Series A	800		35,961
SSAB Svenskt Stal AB, Series B	400		16,895
Svenska Cellulosa AB, Series B	2,700		113,186
Svenska Handelsbanken AB, Series A	7,300		189,881
Swedish Match AB	4,500		60,230
Tele2 AB, Series B *	4,540		49,013
Telelogic AB *	3,000		7,311
Teliasonera AB	26,000		138,541
Trelleborg AB, Series B	1,000		20,834
Volvo AB, Series A	1,300		55,071
Volvo AB, Series B	3,100		135,239
Wihlborgs Fastigheter AB *	218		6,014
WM Data AB, Series B	4,000		11,768
			3,504,264
Switzerland - 5.48%
ABB, Ltd. *	27,342		326,729
Adecco SA	1,845		101,108
Ciba Specialty Chemicals Holding AG (a)	969		59,888
Clariant AG * (a)	3,042		46,423
Compagnie Financiere
Richemont AG, Series A	6,875		299,052
Credit Suisse Group AG (a)	16,940		937,359
Geberit AG	52		47,138
Givaudan AG (a)	96		68,648
Holcim, Ltd. (a)	2,568		202,104
Kudelski SA (a)	465		13,095
Kuehne & Nagel International AG	158		47,622
Kuoni Reisen Holding AG, Series B *	38		16,226
Logitech International SA, REG *	1,076		43,406
Lonza Group AG	500		32,405

The accompanying notes are an integral part of the financial statements. 180

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Micronas Semiconductor Holding AG *	429	$	13,796
Nestle SA (a)	5,626		1,651,825
Nobel Biocare Holding AG, Series BR	327		72,925
Novartis AG - CHF (a)	32,516		1,747,271
Phonak Holding AG	562		27,120
PSP Swiss Property AG *	496		23,406
Rieter Holdings AG	59		22,857
Roche Holdings AG - CHF	9,797		1,445,870
Schindler Holding AG	68		32,193
Serono AG, Series B (a)	71		49,987
SIG Holding AG, REG	82		18,162
Societe Generale de Surveillance Holdings AG	57		52,582
Straumann Holding AG	103		24,244
Sulzer AG	48		29,976
Swatch Group AG, BR shares (a)	474		76,845
Swatch Group AG (a)	725		23,839
Swiss Reinsurance Company AG	4,459		317,158
Swisscom AG (a)	302		90,623
Syngenta AG *	1,493		210,455
Synthes AG	650		71,035
UBS AG - CHF	14,412		1,528,036
Unaxis Holding AG *	75		15,713
Valora Holding AG *	47		9,542
Zurich Financial Services AG *	2,014		475,203
			10,271,866
Turkey - 0.28%
Turkcell Iletisim Hizmetleri AS - ADR	29,553		531,658
United Kingdom - 17.73%
3I Group PLC	7,645		126,164
Aegis Group PLC	14,805		34,411
Aggreko PLC	3,369		17,600
Alliance Unichem PLC	3,342		51,452
AMEC PLC	4,399		30,693
Amvescap PLC	10,579		100,167
Anglo American PLC	19,747		738,177
ARM Holdings PLC	17,849		43,133
Arriva PLC	2,581		27,375
Associated British Ports Holdings PLC	4,010		43,554
AstraZeneca Group PLC	22,364		1,035,672
Aviva PLC	33,216		460,592
BAA PLC	15,417		216,761
BAE Systems PLC	45,600		336,594
Barclays PLC	90,482		1,063,055
Barratt Developments PLC	3,191		57,932
BBA Group PLC	5,996		28,215
Bellway PLC	1,491		30,711
Berkeley Group Holdings PLC *	1,438		28,154
BG Group PLC	49,545		581,223
BHP Billiton PLC	34,436		581,000
BICC PLC	5,613		36,968
BOC Group PLC	7,101		188,447

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Boots Group PLC *	6,420	$	80,053
Bovis Homes Group PLC	1,572		22,075
BP PLC	292,405		3,237,556
Brambles Industries, Ltd.	9,578		69,395
Britannic Group PLC	2,625		30,771
British Airways PLC *	7,158		41,357
British American Tobacco Australasia, Ltd.	22,256		531,568
British Land Company PLC	7,369		156,706
British Sky Broadcasting Group PLC	17,580		156,028
Brixton PLC	3,378		27,636
BT Group PLC	118,879		429,870
Bunzl PLC	4,661		52,345
Burberry Group PLC	6,126		49,364
Cable & Wireless PLC	31,660		59,398
Cadbury Schweppes PLC	29,471		300,410
Capita Group PLC	8,776		73,263
Carnival PLC	2,431		133,642
Cattles PLC	4,346		26,504
Centrica PLC	53,064		270,918
Close Brothers Group PLC	1,721		31,290
Cobham PLC	14,816		44,266
Compass Group PLC	31,035		118,496
Cookson Group PLC *	2,504		20,816
Corus Group PLC	58,766		74,362
Daily Mail and General Trust PLC	3,979		45,455
Davis Service Group PLC	2,234		19,356
De La Rue PLC	2,192		21,419
Diageo PLC	41,342		636,484
Dixons Group PLC	24,881		75,212
E D & F Manitoba Treasury Management PLC	4,266		173,266
Electrocomponents PLC	5,754		29,175
EMAP PLC	3,405		56,880
EMI Group PLC	10,439		45,040
Enterprise Inns PLC	4,620		72,792
First Choice Holidays PLC	5,931		23,531
FirstGroup PLC	5,205		38,398
FKI PLC	7,697		16,436
Friends Provident Ethical Investment Trust PLC	27,325		99,288
Gallaher Group PLC	9,323		144,844
George Wimpey PLC	5,191		50,451
GKN PLC	9,488		56,653
GlaxoSmithKline PLC	81,556		2,072,603
Great Portland Estates PLC	2,148		17,479
Group 4 Securicor PLC	15,050		47,081
GUS PLC	12,316		227,275
Hammerson PLC	4,139		82,926
Hanson PLC	10,421		127,562
Hays PLC	21,760		56,600
HBOS PLC	54,545		1,018,056
Hilton Group PLC	22,761		147,608
HMV Group PLC	5,340		17,386
HSBC Holdings PLC	157,881		2,702,594

The accompanying notes are an integral part of the financial statements. 181

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
ICAP PLC	6,396	$	49,966
IMI PLC	4,614		42,410
Imperial Chemical Industries PLC	17,227		101,501
Imperial Tobacco Group PLC	10,252		309,004
Inchcape PLC	980		41,526
InterContinental Hotels Group PLC	5,849		90,152
International Power PLC	21,315		107,044
Intertek Group PLC	2,049		27,008
Invensys PLC *	75,187		27,749
iSOFT Group PLC	2,867		9,372
ITV PLC	58,700		111,933
J Sainsbury PLC	19,655		110,625
Johnson Matthey PLC	2,901		72,908
Kesa Electricals PLC	7,001		32,729
Kingfisher PLC	33,493		134,356
Land Securities Group PLC	6,682		216,198
Legal & General Group PLC	92,885		212,626
Liberty International PLC	3,190		62,175
Lloyds TSB Group PLC	78,529		764,251
Logicacmg PLC	14,891		52,603
London Stock Exchange PLC	3,365		50,564
Marconi Corp. *	2,760		19,136
Marks & Spencer Group, PLC	23,635		215,376
Meggitt PLC	5,685		37,293
MFI Furniture Group PLC	7,862		12,677
Misys PLC	6,402		26,441
Mitchells & Butler PLC	6,744		46,966
National Express Group PLC	1,814		28,326
National Grid PLC ADR	38,173		402,531
Next Group PLC	3,422		99,233
Old Mutual PLC	76,838		253,542
Pearson PLC	11,419		142,287
Persimmon PLC	4,027		98,801
Pilkington PLC	13,822		39,353
Premier Farnell PLC	4,798		17,265
Provident Financial PLC	3,375		35,708
Prudential Corp. PLC	33,785		358,041
Punch Taverns PLC	3,342		50,248
Rank Group PLC	8,254		37,789
Reckitt Benckiser PLC	8,839		315,349
Reed Elsevier PLC	18,301		165,643
Rentokil Initial PLC	23,930		66,134
Reuters Group PLC	20,273		135,392
Rexam PLC	7,295		65,002
Rio Tinto PLC	14,886		701,140
Rolls-Royce Group PLC *	22,421		172,888
Royal & Sun Alliance PLC	38,574		88,131
Royal Bank of Scotland Group PLC	44,527		1,493,899
SAB Miller PLC	12,805		255,202
Schroders PLC	1,643		33,221
Scottish & Newcastle PLC	10,050		90,477
Scottish & Southern Energy PLC	12,317		248,724

International Equity Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Scottish Power PLC	26,531	$	272,307
Serco Group PLC	6,126		37,386
Severn Trent PLC	5,031		102,036
Signet Group PLC	22,947		41,640
Slough Estates PLC	5,590		59,879
Smith & Nephew PLC	13,427		119,877
Smiths Group PLC	8,043		132,732
SSL International PLC	2,505		14,385
Stagecoach Group PLC	11,308		22,308
Tate & Lyle PLC	6,435		67,630
Taylor Woodrow PLC	7,526		55,024
Tesco PLC	110,102		654,039
The Peninsular & Oriental Steam
Navigation Company, PLC	9,920		89,917
The Sage Group PLC	16,972		82,698
Tomkins PLC	10,221		59,818
Travis Perkins PLC	1,535		40,035
Trinity Mirror PLC	3,850		39,076
Unilever PLC	38,810		400,722
United Business Media PLC	3,661		43,205
United Utilities PLC	12,405		148,905
Vodafone Group PLC	883,149		1,691,813
Whitbread PLC	3,381		62,956
William Hill PLC	5,213		53,276
Wolseley PLC	8,448		210,237
WPP Group PLC	17,084		198,915
Yell Group PLC	10,205		99,585
Yorkshire Water PLC	4,966		69,516
			33,266,821
United States - 0.38%
iShares MSCI Malaysia Index Fund (a)	89,109		654,060
Southern Copper Corp. (a)	700		55,755
			709,815
Venezuela - 0.01%
CIA Anonima Nacional Telefonos de
Venezuela, ADR	1,107		19,173
TOTAL COMMON STOCKS (Cost $158,174,081)		$	179,584,089
PREFERRED STOCKS - 0.16%
Germany - 0.16%
Henkel KGaA-Vorzug, Non-Voting (a)	804		88,432
Porsche AG, Non Voting	107		89,953
RWE AG, Non Voting	528		41,469
Volkswagen AG, Non-Voting	1,425		73,324
			293,178
TOTAL PREFERRED STOCKS (Cost $232,191)		$	293,178

The accompanying notes are an integral part of the financial statements. 182

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Equity Index Fund (continued)
		Shares or
		Principal
		Amount		Value
RIGHTS - 0.00%
Austria - 0.00%
Meinl European Land, Ltd.		1,403	$	83
TOTAL RIGHTS (Cost $0)			$	83
OPTIONS - 0.00%
Switzerland - 0.00%
Syngenta AG
Expiration 05/23/2006 at $178.43		1,493		1,841
TOTAL OPTIONS (Cost $1,217)			$	1,841
SHORT TERM INVESTMENTS - 16.40%
AIM Short-Term Investment Trust, STIC Prime
Portfolio, Institutional Class
4.48% due 01/01/2050	$	6,683,879	$	6,683,879
State Street Navigator Securities Lending
Prime Portfolio		24,089,643		24,089,643
TOTAL SHORT TERM INVESTMENTS
(Cost $30,773,522)			$	30,773,522
Total Investments (International Equity Index Fund)
(Cost $189,181,011) - 112.29%			$	210,652,713
Liabilities in Excess of Other Assets - (12.29)%				(23,062,327)
TOTAL NET ASSETS - 100.00%			$	187,590,386
International Opportunities Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.56%
Australia - 1.54%
CSL, Ltd. (a)		170,815	$	6,687,550
Austria - 2.14%
Erste Bank der Oesterreichischen
Sparkassen AG - New *		37,287		2,228,807
Erste Bank der Oesterreichischen
Sparkassen AG		115,492		7,021,870
				9,250,677
Bermuda - 2.73%
Esprit Holdings, Ltd.		770,000		5,919,870
Shangri-La Asia, Ltd.		3,673,778		5,895,129
				11,814,999
Brazil - 5.23%
Companhia Vale Do Rio Doce, ADR		97,834		4,542,433
Gafisa SA *		118,483		1,375,174
Petroleo Brasileiro SA, ADR *		101,297		8,867,540
Unibanco - Uniao De Bancos Brasileiros SA,
ADR		89,453		7,867,391
				22,652,538
Canada - 9.10%
Canadian National Railway Company		139,045		13,118,896
Shoppers Drug Mart Corp.		335,430		13,075,286

International Opportunities Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Talisman Energy, Inc.	251,550	$	13,198,638
			39,392,820
China - 1.06%
CNOOC, Ltd., SADR (a)	51,734		4,287,714
Shanghai Electric Group Co., Ltd. *	661,523		294,154
			4,581,868
France - 8.70%
JC Decaux SA *	173,790		4,356,486
LVMH Moet Hennessy SA	71,398		6,483,139
Vallourec	11,565		9,041,485
Veolia Environnement SA	214,643		11,198,230
Vinci SA	71,468		6,595,880
			37,675,220
Germany - 8.34%
Continental AG	171,898		17,563,267
Hypo Real Estate Holding AG	195,541		12,844,597
Metro AG (a)	107,371		5,699,842
			36,107,706
India - 1.78%
ICICI Bank, Ltd., SADR (a)	250,700		7,698,997
Ireland - 1.05%
Anglo Irish Bank Corp. PLC	9,507		155,839
Anglo Irish Bank Corp. PLC	267,597		4,389,652
			4,545,491
Japan - 18.27%
Advantest Corp.	45,300		5,160,656
Credit Saison Company, Ltd.	85,676		4,041,800
Fanuc, Ltd.	50,838		4,301,304
LeoPalace21 Corp.	164,850		5,931,268
Misawa Homes Holdings, Inc. *	75,500		3,910,174
Mitsubishi UFJ Financial Group, Inc.	707		10,573,870
Murata Manufacturing Company, Ltd.	66,469		4,135,491
Nippon Electric Glass Company, Ltd. (a)	295,305		7,154,847
Sega Sammy Holdings, Inc.	172,318		7,039,390
Seiyu, Ltd. * (a)	1,816,000		3,895,526
Sumitomo Realty &
Development Company, Ltd. (a)	275,958		6,438,462
Toyota Motor Corp.	206,135		11,010,531
Yamada Denki Company, Ltd.	51,228		5,498,871
			79,092,190
Mexico - 9.72%
America Movil S.A. de C.V., Series L	531,840		18,470,803
Cemex SA de C.V., SADR (a)	284,056		17,543,299
Grupo Televisa SA, SADR	77,206		6,057,583
			42,071,685
Norway - 1.15%
Stolt Offshore SA * (a)	374,491		5,007,454
Singapore - 1.50%
CapitaLand, Ltd.	2,502,587		6,482,786

The accompanying notes are an integral part of the financial statements. 183

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Opportunities Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
South Korea - 2.02%
Samsung Electronics Company, Ltd., GDR		24,686	$	8,732,672
Sweden - 3.95%
Telefonaktiebolaget LM Ericsson, SADR (a)		501,725		17,108,822
Switzerland - 12.52%
ABB, Ltd.		788,469		9,421,989
Lonza Group AG		171,521		11,116,300
Roche Holdings AG - CHF (a)		88,951		13,127,649
Syngenta AG *		39,198		5,525,720
UBS AG - CHF		141,539		15,006,713
				54,198,371
United Kingdom - 7.76%
Carphone Warehouse		946,838		4,509,589
Diageo PLC		538,152		8,283,412
Enterprise Inns PLC		618,624		9,746,957
Reckitt Benckiser PLC		310,176		11,066,142
				33,606,100
TOTAL COMMON STOCKS (Cost $368,526,517)			$	426,707,946
OPTIONS - 0.00%
Switzerland - 0.00%
Syngenta AG
Expiration 05/23/2006 at $178.43		17,014		20,979
TOTAL OPTIONS (Cost $18,814)			$	20,979
SHORT TERM INVESTMENTS - 11.06%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	47,889,360	$	47,889,360
TOTAL SHORT TERM INVESTMENTS
(Cost $47,889,360)			$	47,889,360
REPURCHASE AGREEMENTS - 2.33%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$10,088,897 on 03/01/2006,
collateralized by $10,395,000
Federal National Mortgage
Association, 5.70% due
03/27/2023 (valued at
$10,291,050, including interest) (c)	$	10,088,000	$	10,088,000
TOTAL REPURCHASE AGREEMENTS
(Cost $10,088,000)			$	10,088,000
Total Investments (International Opportunities Fund)
(Cost $426,522,691) - 111.95%			$	484,706,285
Liabilities in Excess of Other Assets - (11.95)%				(51,754,668)
TOTAL NET ASSETS - 100.00%			$	432,951,617

The portfolio had the following five top industry concentrations as of
February 28, 2006 (as a percentage of total net assets):
Banking	12.69%
Real Estate	7.64%
International Oil	6.09%
Electronics	5.67%
Construction Materials	4.96%
International Small Cap Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 89.59%
Australia - 3.84%
Billabong International, Ltd. (a)	475,751	$	5,485,318
Downer EDI, Ltd. (a)	1,462,885		8,531,203
PaperlinX, Ltd. (a)	2,903,662		7,334,245
			21,350,766
Austria - 0.70%
Wienerberger Baustoffindustrie AG	84,077		3,898,036
Belgium - 0.98%
Barco NV	64,930		5,449,401
Bermuda - 4.71%
Axis Capital Holdings, Ltd.	16,740		518,270
Giordano International, Ltd.	10,964,073		5,829,173
Ngai Lik Industrial Holding, Ltd.	18,284,513		2,757,276
People's Food Holdings, Ltd.	12,758,529		9,049,439
Texwinca Holdings, Ltd.	6,320,868		4,969,556
Yue Yuen Industrial Holdings, Ltd.	980,955		3,053,355
			26,177,069
Brazil - 1.34%
Aracruz Celulose SA, ADR (a)	92,153		4,529,320
Companhia de Saneamento de Minas Gerais *	244,500		2,907,006
			7,436,326
Canada - 10.24%
CAE, Inc.	1,165,926		9,671,653
Domtar, Inc.	812,410		4,390,441
Dorel Industries, Inc. *	59,900		1,771,735
Legacy Hotels Real Estate Investment, REIT	853,311		6,171,133
Linamar Corp.	440,974		5,134,363
MDS, Inc.	442,022		8,933,661
North West Company	304,894		9,913,074
Open Text Corp. *	429,942		7,488,093
Quebecor World, Inc.	340,891		3,459,834
			56,933,987
Cayman Islands - 0.17%
TCL Communication Technology Holdings, Ltd. *	25,070,192		967,919
China - 0.50%
BYD Company, Ltd., H Shares	1,398,825		2,794,513
Denmark - 1.97%
Vestas Wind Systems AS	522,919		10,967,962
Finland - 4.29%
Amer Group Oyj (a)	395,207		8,268,609
Huhtamaki Oyj	363,043		6,730,064

The accompanying notes are an integral part of the financial statements. 184

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Small Cap Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Finland (continued)
KCI Konecranes Oyj	22,121	$	1,392,417
Metso Oyj	202,807		7,470,886
			23,861,976
Germany - 2.28%
Jenoptik AG * (a)	605,913		5,143,053
Vossloh AG	145,284		7,561,922
			12,704,975
Hong Kong - 7.61%
Asia Satellite Telecom Holdings	1,208,720		2,068,866
China Oilfield Services Ltd., H shares	10,929,059		5,634,480
China Pharmaceutical Group, Ltd. *	8,402,384		1,546,299
China Resource Power Holdings, Ltd.	7,210,558		4,778,935
Chitaly Holdings, Ltd.	3,608,729		1,837,225
Dah Sing Financial Group	658,659		4,602,730
Fountain Set Holdings, Ltd.	11,063,436		4,912,065
Hopewell Holdings, Ltd.	1,046,357		2,935,563
Hung Hing Printing	1,740,216		1,153,361
Lerado Group Holdings	12,649,682		929,320
TCL International Holdings, Ltd.	21,841,942		3,237,428
Techtronic Industries Company, Ltd.	1,041,707		1,809,816
Travelsky Technology, Ltd.	3,576,058		3,497,624
Weiqiao Textile Company, Ltd.	2,111,723		3,402,186
			42,345,898
Indonesia - 0.74%
Astra International Tbk PT	2,406,756		2,568,604
PT Indonesian Satellite Corp.	2,656,868		1,519,037
			4,087,641
Israel - 0.28%
Orbotech, Ltd. ADR *	64,956		1,547,902
Japan - 4.87%
Japan Airport Terminal Company, Ltd.	67,951		612,668
Meitec Corp.	233,693		7,988,812
Nichii Gakkan Company, Ltd.	204,600		4,406,387
Sohgo Security Services Company, Ltd.	636,913		10,309,476
Tokyo Individualized Educational Institute, Inc.	312,520		3,797,991
			27,115,334
Luxembourg - 0.53%
Thiel Logistik AG *	718,107		2,962,075
Netherlands - 8.45%
Aalberts Industries NV	115,902		8,267,237
Draka Holdings *	465,354		8,299,761
IHC Caland NV	45,789		4,520,622
Imtech NV	105,688		4,427,317
Oce-Van Der Grinten NV	154,668		2,681,011
OPG Groep NV	117,546		10,243,827
Pyaterochka Holding NV, GDR-USD *	31,845		507,674
Pyaterochka Holding NV-GBP *	108,308		1,727,735
Vedior NV	334,878		6,336,470
			47,011,654

International Small Cap Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway - 0.85%
Prosafe ASA (a)	95,777	$	4,753,729
Singapore - 2.69%
Bio-Treat Technology, Ltd.	3,535,000		2,507,324
Huan Hsin Holdings, Ltd.	3,335,298		1,100,555
Osim International	3,166,116		3,534,505
Venture Corp., Ltd.	897,138		7,248,594
Want Want Holdings ADR	456,000		574,560
			14,965,538
South Korea - 4.56%
Daeduck Electronics Company, Ltd.	260,000		2,254,583
Daegu Bank	497,100		7,781,586
Halla Climate Control	693,940		6,610,654
Pusan Bank	599,610		7,996,858
Sindo Ricoh Co., Ltd.	16,400		747,374
			25,391,055
Spain - 0.33%
Sol Melia SA (a)	121,394		1,806,103
Sweden - 1.58%
D. Carnegie & Company AB	520,855		8,812,780
Switzerland - 4.27%
Gurit Heberlein	4,599		4,787,520
Kuoni Reisen Holding AG, Series B *	7,529		3,221,177
SIG Holding AG, REG	20,270		4,498,433
Verwaltungs-und Privat-Bank AG	44,784		8,299,342
Vontobel Holdings AG	74,285		2,940,241
			23,746,713
Taiwan - 5.31%
Acbel Polytech, Inc.	5,000,000		2,291,273
D-Link Corp.	7,571,000		8,604,223
Fu Sheng Industrial Company, Ltd.	4,733,000		5,740,405
Giant Manufacturing Company, Ltd.	850,000		1,584,033
KYE System Corp.	2,993,000		2,432,226
Taiwan Fu Hsing	2,680,000		2,881,993
Taiwan Green Point Enterprises Company,
Ltd.	2,330,000		6,007,778
			29,541,931
Thailand - 2.90%
BEC World, Public Company, Ltd.	8,847,832		2,918,732
Glow Energy PCL	8,275,316		5,554,969
Total Access Communication PCL *	2,184,570		7,645,995
			16,119,696
United Kingdom - 10.86%
Bodycote International	2,235,233		10,233,461
Burberry Group PLC	590,028		4,754,490
Cambridge Antibody Technology Group PLC *	470,950		6,393,892
DS Smith PLC	1,768,810		5,533,414
DX Services PLC	1,640,500		8,764,796
Electrocomponents PLC	121,262		614,841
Game Group PLC	7,375,357		10,369,672
Homeserve PLC	73,642		2,030,676

The accompanying notes are an integral part of the financial statements. 185

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Small Cap Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
John Wood Group PLC		1,167,204	$	4,871,945
Yule Catto & Company PLC		1,440,948		6,837,606
				60,404,793
United States - 2.74%
CAE, Inc.		95,766		797,731
GSI Group, Inc. *		564,982		7,446,463
Quebecor World, Inc.		146,526		1,485,773
Steiner Leisure, Ltd. *		129,086		5,502,936
				15,232,903
TOTAL COMMON STOCKS (Cost $444,845,212)			$	498,388,675
PREFERRED STOCKS - 0.59%
Germany - 0.59%
Hugo Boss AG		82,176		3,260,311
TOTAL PREFERRED STOCKS (Cost $2,756,072)			$	3,260,311
SHORT TERM INVESTMENTS - 4.29%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	23,860,955	$	23,860,955
TOTAL SHORT TERM INVESTMENTS
(Cost $23,860,955)			$	23,860,955
REPURCHASE AGREEMENTS - 7.09%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$39,438,505 on 03/01/2006,
collateralized by $40,225,000
Federal Home Loan Bank, 5.125%
due 08/15/2019 (valued at
$40,225,000 including interest) (c)	$	39,435,000	$	39,435,000
TOTAL REPURCHASE AGREEMENTS
(Cost $39,435,000)			$	39,435,000
Total Investments (International Small Cap Fund)
(Cost $510,897,239) - 101.56%			$	564,944,941
Liabilities in Excess of Other Assets - (1.56)%				(8,678,173)
TOTAL NET ASSETS - 100.00%			$	556,266,768

The portfolio had the following five top industry concentrations as of February 28, 2006 (as a percentage of total net assets):

Electrical Equipment	5.82%
Apparel & Textiles	4.81%
Business Services	4.43%
Banking	4.33%
Paper	4.12%

International Stock Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.42%
Australia - 2.50%
Amcor, Ltd. (a)	194,168	$	1,073,201
Australia and New Zealand Bank Group, Ltd.	137,169		2,620,942
BHP Billiton, Ltd. - AUD (a)	84,814		1,527,952
Commonwealth Bank of Australia, Ltd. (a)	76,718		2,556,172
Foster's Group, Ltd. (a)	195,843		791,475
Investa Property Group, Ltd.	450,500		672,700
Macquarie Bank, Ltd.	32,286		1,540,574
Mirvac Group, Ltd.	313,474		980,424
National Australia Bank, Ltd. (a)	105,072		2,863,167
Qantas Airways, Ltd., ADR	300,772		916,119
Rinker Group, Ltd.	95,241		1,265,799
Santos, Ltd.	156,693		1,317,730
Stockland Company, Ltd. (a)	134,706		673,492
Telstra Corp., Ltd. (a)	837,186		2,394,490
Woodside Petroleum, Ltd.	42,669		1,283,485
Woolworths, Ltd.	109,048		1,490,617
			23,968,339
Austria - 0.75%
Bohler Uddeholm AG	3,561		668,201
Oesterreichische Elektrizitaets AG, Class A	1,300		604,420
OMV AG	48,930		3,036,174
Telekom Austria AG	62,855		1,435,708
Voestalpine AG	11,972		1,395,985
			7,140,488
Belgium - 0.90%
Colruyt SA	2,958		426,339
Delhaize Group	14,345		957,677
Dexia	92,571		2,299,870
Fortis Group SA	100,973		3,599,210
UCB SA	28,326		1,342,311
			8,625,407
Bermuda - 0.10%
Frontline, Ltd.	7,613		292,135
Noble Group, Ltd. (a)	41,361		31,123
Yue Yuen Industrial Holdings, Ltd.	197,718		615,424
			938,682
Canada - 2.70%
BCE, Inc.	47,091		1,142,929
Canadian Imperial Bank of Commerce	40,870		2,871,315
Canadian Natural Resources, Ltd.	137,437		7,498,650
EnCana Corp. - CAD	42,397		1,751,018
Magna International, Inc.	11,800		878,779
National Bank of Canada	30,965		1,763,209
Nexen, Inc.	35,339		1,845,205
Petro-Canada	103,967		4,756,171
Royal Bank of Canada	39,837		3,324,184
			25,831,460
Denmark - 0.46%
A P Moller- Maersk AS	121		1,090,578
A P Moller- Maersk AS	189		1,733,668

The accompanying notes are an integral part of the financial statements. 186

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Denmark (continued)
Danske Bank AS	25,519	$	910,431
DSV AS	5,378		722,785
			4,457,462
Finland - 3.43%
Amer Group Oyj	24,700		516,779
Elcoteq SE	14,700		324,556
Fortum Corp. Oyj	150,889		3,651,609
Kesko Oyj	39,767		1,250,154
Metra Oyj, B Shares	17,037		621,506
Metso Oyj	56,817		2,092,992
Neste Oil Oyj *	30,400		931,040
Nokia AB - Oyj	666,785		12,480,046
OKO Bank - A	33,400		563,024
Orion Oyj, Series B (a)	17,900		385,818
Outokumpu Oyj	91,904		1,668,649
Rautaruukki Oyj	80,009		2,698,376
Sampo Oyj, A Shares	205,358		4,117,829
YIT-Yhtyma Oyj	30,758		1,562,062
			32,864,440
France - 8.18%
Alstom RGPT *	23,378		1,998,901
Assurances Generales de France (a)	6,994		725,859
AXA Group	61,285		2,163,176
BNP Paribas SA (a)	142,012		13,131,850
Business Objects SA *	26,000		961,069
Cap Gemini SA *	20,252		999,659
Carrefour SA (a)	34,688		1,720,909
Casino Guich Perrachon SA (a)	15,471		963,562
Christian Dior SA	6,300		583,686
Compagnie De Saint Gobain SA	37,387		2,493,263
Compagnie Generale des Etablissements
Michelin, Class B (a)	20,853		1,271,446
L'Oreal SA (a)	25,951		2,294,616
LVMH Moet Hennessy SA	27,910		2,534,306
Peugeot SA (a)	78,172		4,554,974
Pinault-Printemps-Redoute SA	6,543		753,465
Publicis Groupe SA	31,267		1,192,621
Renault Regie Nationale SA (a)	57,732		5,544,730
Sanofi-Aventis (a)	53,495		4,548,527
Schneider Electric SA	14,096		1,439,426
Societe Generale	30,923		4,378,475
Total SA (a)	87,936		22,095,741
Vallourec (a)	1,800		1,407,235
Zodiac SA	9,454		592,752
			78,350,248
Germany - 7.61%
Adidas-Salomon AG	3,091		603,308
Allianz AG	36,074		5,812,414
Altana AG (a)	29,210		1,566,617
Bayer AG	14,513		583,565
Bayerische Motoren Werke (BMW) AG	87,703		4,210,115

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Commerzbank AG	94,221	$	3,424,210
DaimlerChrysler AG (a)	87,303		4,830,874
Deutsche Bank AG	41,333		4,547,235
Deutsche Boerse AG	23,493		2,951,642
Deutsche Post AG	17,500		456,272
Deutsche Postbank AG	11,678		824,492
E.ON AG	79,021		8,734,842
Fresenius AG	7,981		1,276,249
Henkel KGaA	5,400		551,025
Hochtief AG (a)	25,863		1,386,799
Karstadt Quelle AG (a)	24,188		591,213
MAN AG	34,858		2,193,499
Merck & Company AG	8,230		822,664
Muenchener Rueckversicherungs-
Gesellschaft AG	45,893		6,212,143
RWE AG	14,385		1,230,101
Salzgitter AG	26,553		1,816,875
Schering AG	36,545		2,623,209
Suedzucker AG	41,389		1,093,899
Thyssen Krupp AG	193,019		4,880,930
Tui AG	91,763		1,808,304
Volkswagen AG (a)	112,530		7,855,141
			72,887,637
Hong Kong - 0.50%
Cheung Kong Holdings, Ltd.	165,011		1,743,965
CLP Holdings, Ltd.	224,904		1,287,037
Hong Kong Electric Holdings, Ltd.	254,854		1,174,299
MTR Corp.	203,500		464,246
Sino Land Company, Ltd.	58,029		87,507
			4,757,054
Ireland - 0.73%
Bank of Ireland	34,623		617,073
CRH PLC	90,356		2,957,933
DCC PLC	30,072		684,741
Depfa Bank PLC	116,677		1,937,613
Kerry Group PLC	34,358		760,215
			6,957,575
Italy - 2.95%
Banca Monte dei Paschi Siena SpA	359,993		1,862,578
Benetton Group SpA	48,523		618,959
Capitalia SpA	150,741		1,139,335
Eni SpA	635,534		18,153,330
ERG SpA	35,600		837,776
Fiat SpA - RNC *	39,512		376,363
Fiat SpA * (a)	171,000		1,851,027
Fondiaria-Sai SpA	20,600		613,957
Impregilo SpA * (a)	173,107		741,898
Italcementi SpA	36,738		523,814
San Paolo-IMI SpA	83,869		1,480,769
			28,199,806

The accompanying notes are an integral part of the financial statements. 187

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan - 25.39%
Aderans Company, Ltd. (a)	12,565	$	345,776
AEON Company, Ltd.	75,989		1,811,888
Aioi Insurance Company, Ltd. * (a)	45,076		332,455
Alps Electric Company (a)	42,346		662,277
Amada Company, Ltd.	100,487		949,820
Asics Corp.	54,000		514,109
Chiyoda Corp. * (a)	49,992		1,209,103
Chubu Electric Power Company, Inc.	159,999		4,211,575
Chugoku Electric Power Company, Inc. *	26,600		571,737
Cosmo Oil Company Ltd. * (a)	141,000		712,169
Daido Steel Company, Ltd.	135,040		1,187,557
Daiei Inc. * (a)	60,858		1,685,152
Daiichi Sankyo Company, Ltd. * (a)	50,631		1,034,168
Daikyo, Inc. * (a)	244,888		1,299,678
Dainippon Screen
Manufacturing Company, Ltd. (a)	28,603		266,205
Daito Trust Construction Company, Ltd.	18,615		867,034
Daiwa Securities Group, Inc.	136,000		1,627,209
Eisai Company, Ltd.	55,380		2,560,512
Fanuc, Ltd.	24,814		2,099,464
Fuji Electric Holdings	153,000		717,861
Fuji Heavy Industries Ltd. * (a)	333,116		1,793,546
Haseko Corp. * (a)	764,847		2,673,464
Hirose Electric Company, Ltd.	4,222		570,823
Hitachi Chemical, Ltd.	6,337		176,013
Hokkaido Electric Power Company, Inc.	39,499		919,876
Honda Motor Company, Ltd.	232,506		13,710,704
Hoya Corp.	73,224		2,903,675
Ibiden Company, Ltd. (a)	42,436		2,001,935
Inpex Corp.	115		1,100,759
Isetan Company, Ltd. (a)	48,403		879,038
Ishikawajima Harima Heavy Industries
Company, Ltd. * (a)	462,769		1,415,871
Isuzu Motors, Ltd. * (a)	432,542		1,497,131
Itochu Corp.	572,047		4,776,423
JAFCO Company, Ltd.	13,100		900,127
Japan Tobacco, Inc.	79		1,350,310
JGC Corp. (a)	40,375		862,639
JSR Corp.	28,939		853,256
Kansai Electric Power Company, Ltd.	106,500		2,462,030
Kao Corp.	93,050		2,512,928
Kawasaki Heavy Industries, Ltd. (a)	439,438		1,513,489
Kawasaki Kisen Kaisha, Ltd. (a)	83,000		517,818
Keisei Electric Railway Company, Ltd. (a)	99,458		640,896
Kenedix, Inc.	224		1,049,072
Kobe Steel Company, Ltd. (a)	592,744		2,259,324
Komatsu, Ltd.	176,949		3,153,049
Konami Corp. (a)	50,223		1,238,297
Kubota Corp. (a)	71,000		697,803
Kyushu Electric Power	85,880		2,055,070
LeoPalace21 Corp.	21,790		784,000
Marubeni Corp.	525,824		2,610,917

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Marui Company, Ltd.	58,510	$	1,110,094
Matsushita Electric Industrial Company, Ltd. (a)	77,021		1,632,440
Matsushita Electric Works, Ltd.	52,000		605,725
Mazda Motor Corp. * (a)	395,488		2,251,044
Mediceo Holdings Company, Ltd. (a)	34,700		566,124
Mitsubishi Corp.	384,595		8,940,237
Mitsubishi Estate Company, Ltd.	80,404		1,693,835
Mitsubishi Heavy Industries, Ltd.	194,000		911,887
Mitsubishi Materials Corp.	265,130		1,379,916
Mitsubishi Motors Corp. * (a)	984,188		2,035,495
Mitsubishi Rayon Company, Ltd.	171,920		1,385,526
Mitsubishi UFJ Financial Group, Inc.	294		4,397,055
Mitsui & Company, Ltd. (a)	158,560		2,168,154
Mitsui Sumitomo Insurance Company, Ltd.	42,050		557,024
Mitsui Trust Holdings, Inc.	309,553		4,545,008
Mizuho Financial Group, Inc.	635		5,079,560
NGK Insulators, Ltd. (a)	25,169		340,290
NGK Spark Plug Company, Ltd.	52,000		1,184,342
Nikko Cordial Corp.	54,000		859,310
Nikon Corp. (a)	68,227		1,163,257
Nintendo Company, Ltd.	9,500		1,401,332
Nippon Electric Glass Company, Ltd. (a)	31,231		756,686
Nippon Mining Holdings, Inc. (a)	75,868		564,746
Nippon Steel Corp. (a)	373,831		1,492,000
Nippon Telegraph & Telephone Corp.	960		4,151,435
Nippon Yusen Kabushiki Kaisha (a)	61,000		397,248
Nippon Zeon Company	16,462		207,234
Nissan Chemical Industries, Ltd.	66,992		1,104,413
Nissan Motor Company, Ltd.	835,400		9,567,000
Nitto Denko Corp.	27,199		2,338,446
Nomura Research Institute, Ltd. (a)	8,634		982,863
Nomura Securities Company, Ltd.	72,600		1,392,931
NTT Data Corp.	172		798,187
NTT DoCoMo, Inc.	1,438		2,138,379
Orient Corp. * (a)	230,000		817,707
Orix Corp.	13,927		3,701,643
Osaka Gas Company, Ltd. (a)	598,120		2,274,704
Resona Holdings, Inc. * (a)	1,462		5,185,277
Ricoh Company, Ltd.	84,000		1,554,224
Sanken Electric Company (a)	4,732		70,933
Sapporo Hokuyo Holdings, Inc. *	4		43,073
Secom Company, Ltd. (a)	20,202		1,001,380
Seven & I Holdings Co., Ltd.	30,000		1,225,535
Shimamura Company, Ltd. (a)	4,400		498,623
Shimizu Corp. (a)	147,715		1,037,703
Shinko Electric Industries Company, Ltd. *	13,289		978,985
Shinko Securities Company, Ltd. * (a)	196,000		1,016,767
Showa Shell Sekiyu K.K.	52,000		587,060
SMC Corp.	9,996		1,413,842
SOFTBANK Corp. (a)	45,300		1,393,725
Sompo Japan Insurance, Inc.	42,140		611,877
Sumitomo Corp.	181,596		2,467,629

The accompanying notes are an integral part of the financial statements. 188

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Sumitomo Heavy Industries, Ltd.	69,686	$	625,333
Sumitomo Light Metal Industries, Ltd.	217,000		548,944
Sumitomo Light Metal Industries, Ltd.	1,219,334		5,429,213
Sumitomo Trust & Banking Company, Ltd. (a)	121,448		1,238,247
Taiheiyo Cement Corp. (a)	236,097		1,016,945
Taisho Pharmaceuticals Company, Ltd.	43,790		924,375
Takashimaya Company, Ltd. (a)	57,436		834,468
Takeda Pharmaceutical Company, Ltd.	357,789		19,875,445
THK Company, Ltd.	29,308		826,564
Tohoku Electric Power Company, Ltd.	76,800		1,726,209
Tokuyama Corp.	17,079		254,849
Tokyo Electric Power Company, Ltd.	50,039		1,342,811
Tokyo Gas Company, Ltd. (a)	466,397		2,124,513
Tokyo Seimitsu Company, Ltd. (a)	14,401		844,293
Tokyu Land Corp. (a)	158,516		1,391,298
TonenGeneral Sekiyu K.K. (a)	118,133		1,169,113
Toyo Tire & Rubber Company, Ltd. *	53,812		252,941
Toyota Industries Corp. (a)	17,900		715,938
Toyota Motor Corp.	214,800		11,473,365
Ube Industries, Ltd. (a)	440,282		1,298,155
UFJ NICOS Company, Ltd. * (a)	121,548		1,171,746
UNI Charm Corp. (a)	4,495		222,426
Urban Corp. * (a)	109,955		1,616,292
Yakult Honsha Company, Ltd. (a)	35,744		821,735
Yamada Denki Company, Ltd.	20,720		2,224,108
Yamaha Corp. (a)	50,310		862,075
Yamaha Motor Company, Ltd.	29,800		685,086
Yaskawa Electric Corp. * (a)	94,696		1,035,901
			243,078,330
Luxembourg - 0.48%
Arcelor SA (a)	125,961		4,604,039
Netherlands - 8.59%
ABN AMRO Holdings NV	633,196		18,481,983
Aegon NV	467,066		7,722,529
Akzo Nobel NV	38,171		1,941,220
Buhrmann NV	66,030		1,110,667
Corio NV	2,469		162,554
CSM NV	31,180		932,800
DSM NV	34,013		1,417,105
Heineken Holding NV	27,851		970,857
Heineken NV	76,772		2,896,153
ING Groep NV	605,796		22,802,470
Koninklijke Ahold NV *	145,136		1,185,121
Oce-Van Der Grinten NV	37,046		642,154
Reed Elsevier NV	48,651		658,622
Royal Dutch Shell PLC, A Shares	477,295		14,442,421
Royal Dutch Shell PLC, B Shares	112,603		3,552,274
Stork N.V.	12,001		685,394
TNT Post Group NV	31,505		1,027,147
Unilever NV	13,374		930,012

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Netherlands (continued)
Wereldhave NV	6,158	$	657,217
			82,218,700
Norway - 0.74%
Norsk Hydro ASA (a)	29,931		3,496,643
Orkla ASA (a)	16,785		732,378
Statoil ASA	93,518		2,383,154
Stolt Offshore SA *	38,600		516,134
			7,128,309
Singapore - 1.19%
Ascendas Real Estate	333,000		443,630
CapitaLand, Ltd.	242,203		627,411
Cosco Corp. Singapore, Ltd.	908,600		666,873
DBS Group Holdings, Ltd.	325,231		3,289,720
Keppel Corp., Ltd. (a)	108,072		933,178
Keppel Land, Ltd.	234,538		639,379
Neptune Orient Lines, Ltd.	389,488		605,366
SembCorp Industries, Ltd. *	396,802		763,575
SembCorp Marine, Ltd. (a)	111,267		201,074
Singapore Technologies Engineering, Ltd.	189,683		355,652
Singapore Telecommunications, Ltd.	824,578		1,327,381
StarHub Ltd.	533,290		720,329
United Overseas Bank, Ltd.	87,668		811,065
			11,384,633
Spain - 1.73%
Acciona SA (a)	7,860		1,096,324
ACS Actividades SA	26,705		996,478
Fomento de Construcciones SA	14,015		953,190
Gas Natural SDG SA (a)	39,326		1,197,847
Iberdrola SA (a)	166,046		5,239,780
Metrovacesa SA	11,300		841,956
Repsol SA	210,295		5,876,480
Sacyr Vallehermoso SA (a)	12,378		348,252
			16,550,307
Sweden - 0.88%
Atlas Copco AB, Series A *	30,800		758,362
Electrolux AB, Series B	85,873		2,374,608
Hennes & Mauritz AB, Series B	47,562		1,732,596
Old Mutual PLC *	31,958		104,727
Svenska Cellulosa AB, Series B	34,994		1,466,976
Tele2 AB, Series B * (a)	184,420		1,990,973
			8,428,242
Switzerland - 4.44%
ABB, Ltd. *	242,202		2,899,959
Compagnie Financiere
Richemont AG, Series A	14,816		645,746
Credit Suisse Group AG (a)	58,075		3,219,869
Nestle SA (a)	23,642		6,955,120
Roche Holdings AG - CHF (a)	95,792		14,165,162
Serono AG, Series B (a)	1,449		1,022,174
Swiss Life Holding * (a)	1,440		267,299

The accompanying notes are an integral part of the financial statements. 189

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Swiss Reinsurance Company AG	23,511	$	1,675,579
Zurich Financial Services AG *	49,142		11,617,937
			42,468,845
United Kingdom - 20.17%
Alliance & Leicester PLC	94,733		1,779,799
Anglo American PLC	99,354		3,714,025
Arriva PLC	69,991		742,355
AstraZeneca Group PLC	393,959		18,244,150
Aviva PLC	235,548		3,266,242
BAE Systems PLC	197,831		1,460,278
Barclays PLC	155,290		1,824,471
Barratt Developments PLC	160,270		2,909,676
BBA Group PLC	189,201		890,317
Berkeley Group Holdings PLC *	22,065		431,997
BG Group PLC	210,098		2,464,706
BHP Billiton PLC	94,336		1,591,625
Boots Group PLC (a)	166,799		2,079,878
BP PLC	500,418		5,540,711
British American Tobacco Australasia, Ltd.	179,441		4,285,812
BT Group PLC	2,144,056		7,752,968
Cable & Wireless PLC	695,286		1,304,438
Cadbury Schweppes PLC	299,513		3,053,062
Cairn Energy PLC *	24,900		844,595
Centrica PLC	979,323		4,999,932
Cobham PLC	440,656		1,316,560
Compass Group PLC	383,363		1,463,733
Dixons Group PLC	775,589		2,344,510
E D & F Manitoba Treasury Management PLC	17,860		725,393
Gallaher Group PLC	134,071		2,082,951
George Wimpey PLC	286,428		2,783,765
GlaxoSmithKline PLC	1,162,151		29,534,040
GUS PLC	181,289		3,345,436
Hanson PLC	136,952		1,676,415
HBOS PLC	632,505		11,805,394
Hilton Group PLC	124,262		805,855
IMI PLC	106,304		977,110
Imperial Chemical Industries PLC	170,725		1,005,907
Imperial Tobacco Group PLC	224,085		6,754,122
J Sainsbury PLC	371,910		2,093,240
Johnson Matthey PLC	33,103		831,946
Kingfisher PLC	502,919		2,017,441
Lloyds TSB Group PLC	633,100		6,161,381
Next Group PLC	100,613		2,917,629
Northern Rock	40,447		801,129
Rank Group PLC	149,952		686,518
Rio Tinto PLC	295,930		13,938,492
Rolls-Royce Group PLC *	143,100		1,103,440
Royal & Sun Alliance PLC	1,150,888		2,629,471
Royal Bank of Scotland Group PLC	256,774		8,614,875
Scottish & Newcastle PLC	129,258		1,163,674
Scottish & Southern Energy PLC	123,886		2,501,694

International Stock Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Scottish Power PLC		286,650	$	2,942,096
Taylor Woodrow PLC		377,312		2,758,582
The Sage Group PLC		212,533		1,035,595
Unilever PLC		107,625		1,111,253
United Utilities PLC		91,326		1,096,244
Vodafone Group PLC		1,080,516		2,069,902
Wolseley PLC		32,268		803,022
				193,079,852
TOTAL COMMON STOCKS (Cost $806,052,008)			$	903,919,855
PREFERRED STOCKS - 0.47%
Germany - 0.30%
Bayerische Motoren Werke (BMW) AG		10,400		447,513
Fresenius Medical Care AG, Non-Voting (a)		7,600		761,770
Henkel KGaA-Vorzug, Non-Voting (a)		8,530		938,222
Volkswagen AG, Non-Voting		13,410		690,014
				2,837,519
Italy - 0.17%
IFI-Istituto Finanziario Industriale SPA *		24,500		460,021
Unipol SpA		452,055		1,184,270
				1,644,291
TOTAL PREFERRED STOCKS (Cost $3,679,494)			$	4,481,810
SHORT TERM INVESTMENTS - 17.23%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	160,743,448	$	160,743,448
United States Treasury Bills
zero coupon due 08/24/2006		4,275,000		4,181,001
TOTAL SHORT TERM INVESTMENTS
(Cost $164,923,963)			$	164,924,449
REPURCHASE AGREEMENTS - 4.37%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$41,883,723 on 03/01/2006,
collateralized by $42,615,000
Federal Home Loan Mortgage,
5.25% due 10/19/2015 (valued at
$42,721,538, including interest) (c)	$	41,880,000	$	41,880,000
TOTAL REPURCHASE AGREEMENTS
(Cost $41,880,000)			$	41,880,000
Total Investments (International Stock Fund)
(Cost $1,016,535,465) - 116.49%			$	1,115,206,114
Liabilities in Excess of Other Assets - (16.49)%				(157,876,075)
TOTAL NET ASSETS - 100.00%			$	957,330,039

The accompanying notes are an integral part of the financial statements. 190

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

The portfolio had the following five top industry concentrations as of February 28, 2006 (as a percentage of total net assets):

Banking	10.67%
Pharmaceuticals	7.79%
Automobiles	7.59%
Insurance	7.47%
International Oil	5.52%

International Value Fund
	Shares or
	Principal
	Amount	Value
COMMON STOCKS - 94.05%
Australia - 2.26%
National Australia Bank, Ltd. (a)	593,674 $	16,177,364
Qantas Airways, Ltd., ADR	2,155,521	6,565,481
		22,742,845
Belgium - 1.36%
Agfa Gevaert NV (a)	686,120	13,676,251
Bermuda - 0.90%
ACE, Ltd.	162,056	9,031,381
Brazil - 0.33%
Tele Norte Leste Participacoes SA, ADR	176,579	3,272,009
Canada - 1.13%
Domtar, Inc.	1,139,444	6,157,804
Quebecor World, Inc.	512,900	5,205,619
		11,363,423
Cayman Islands - 0.39%
XL Capital, Ltd., Class A	58,833	3,974,169
China - 1.26%
China Telecom Corp., Ltd.	34,394,086	12,633,965
Denmark - 1.97%
Vestas Wind Systems AS (a)	944,327	19,806,782
Finland - 2.49%
Stora Enso Oyj, R Shares - EUR	761,820	10,880,275
UPM-Kymmene Oyj	668,231	14,180,036
		25,060,311
France - 6.02%
AXA Group (a)	390,996	13,800,980
France Telecom SA	766,171	16,651,294
Sanofi-Aventis (a)	193,869	16,484,129
Total SA (a)	53,933	13,551,783
		60,488,186
Germany - 6.64%
BASF AG	42,673	3,212,373
Bayerische Motoren Werke (BMW) AG	191,764	9,205,482
Deutsche Post AG	580,171	15,126,623
E.ON AG	70,929	7,840,367
Muenchener Rueckversicherungs-
Gesellschaft AG	111,316	15,067,895
Siemens AG	178,399	16,346,573
		66,799,313

International Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong - 2.11%
Cheung Kong Holdings, Ltd.	902,444	$	9,537,733
Hutchison Whampoa, Ltd.	1,224,620		11,695,818
			21,233,551
Israel - 1.14%
Check Point Software Technologies, Ltd., ADR *	540,250		11,485,715
Italy - 2.22%
Eni SpA	413,067		11,798,805
UniCredito Italiano SpA (a)	1,447,644		10,536,058
			22,334,863
Japan - 5.91%
Hitachi, Ltd. (a)	1,066,353		7,482,051
KDDI Corp.	1,924		9,849,369
Konica Minolta Holdings, Inc.	909,462		11,347,859
Nippon Telegraph & Telephone Corp.	1,005		4,346,033
Sony Corp.	364,814		17,241,424
Takeda Pharmaceutical Company, Ltd.	165,186		9,176,205
			59,442,941
Mexico - 0.88%
Telefonos de Mexico SA de CV, Class L, ADR	395,305		8,850,879
Netherlands - 7.76%
Akzo Nobel NV	241,946		12,304,376
ING Groep NV	415,722		15,647,988
Koninklijke (Royal) Philips Electronics NV	485,036		15,819,261
Reed Elsevier NV	1,227,665		16,619,749
Royal Dutch Shell PLC, B Shares	352,313		11,114,377
VNU NV	200,651		6,510,619
			78,016,370
Norway - 3.13%
Norske Skogindustrier ASA (a)	767,124		11,479,298
Telenor ASA (a)	1,847,081		19,977,319
			31,456,617
Portugal - 1.50%
Portugal Telecom, SGPS, SA	1,304,106		15,080,486
Singapore - 1.40%
Venture Corp., Ltd.	1,742,840		14,081,601
South Africa - 0.59%
Sappi, Ltd.	466,015		5,905,337
South Korea - 4.54%
Kookmin Bank, ADR	101,261		7,670,521
KT Corp., Sponsored ADR	181,994		3,716,318
POSCO, ADR	71,643		4,186,817
Samsung Electronics Company, Ltd., GDR	57,800		20,446,750
Samsung Electronics Company, Ltd.-London,
GDR	64		22,640
SK Telecom Company, Ltd., ADR	399,323		9,643,650
			45,686,696
Spain - 5.05%
Banco Santander Central Hispano SA (a)	353,905		5,167,070
Gamesa Corporation Tecno SA (a)	994,280		17,218,522

The accompanying notes are an integral part of the financial statements. 191

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

International Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Iberdrola SA (a)	140,164	$	4,421,931
Repsol SA (a)	529,894		14,803,628
Telefonica SA - EUR	594,085		9,162,298
Telefonica SA - USD (a)	113		5,221
			50,778,670
Sweden - 1.71%
Nordea Bank AB	546,686		6,178,062
Nordic Baltic Holding AB-EUR	168,311		1,902,180
Nordic Baltic Holding-DKK	71,187		804,858
Securitas AB, B Shares	424,458		7,798,103
Stora Enso Oyj, R Shares - SEK	33,746		479,365
			17,162,568
Switzerland - 3.07%
Nestle SA (a)	41,277		12,143,072
Swiss Reinsurance Company AG	171,853		12,247,598
UBS AG - CHF (a)	60,694		6,447,797
			30,838,467
Taiwan - 5.70%
Chunghwa Telecom Company, Ltd., ADR (a)	478,379		8,963,359
Compal Electronics, Inc., GDR	550,762		2,626,310
Compal Electronics, Inc.	6,134,000		5,696,825
Lite-On Technology Corp.	1,214,240		16,321,959
Mega Financial Holding Company, Ltd.	31,432,000		23,718,349
			57,326,802
United Kingdom - 22.59%
Amvescap PLC	382,002		3,616,970
BAE Systems PLC	610,443		4,505,950
Boots Group PLC (a)	907,312		11,313,606
BP PLC	1,468,532		16,259,829
British Sky Broadcasting Group PLC	1,900,376		16,866,420
Cadbury Schweppes PLC	592,160		6,036,137
Centrica PLC	2,211,102		11,288,777
Compass Group PLC	6,806,407		25,987,811
GlaxoSmithKline PLC	482,985		12,274,221
Group 4 Securicor PLC	2,184,000		6,831,051
Morrison W Supermarket	3,649,277		13,676,906
Old Mutual PLC	1,987,022		6,556,539
Pearson PLC	1,154,676		14,387,932
Reed Elsevier PLC	89,874		813,455
Rentokil Initial PLC	3,336,007		9,219,547
Royal Bank of Scotland Group PLC	706,882		23,716,186
Shire PLC	518,674		8,122,022
Smiths Group PLC	291,113		4,804,179
Unilever PLC	1,135,670		11,726,058
Vodafone Group PLC	10,012,007		19,179,604
			227,183,200
TOTAL COMMON STOCKS (Cost $871,082,503)		$	945,713,398

International Value Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 0.07%
Australia - 0.07%
New South Wales Treasury Corp.
6.50% due 05/01/2006	AUD	937,000	$	697,420
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $704,333)			$	697,420
SHORT TERM INVESTMENTS - 15.74%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	158,239,011	$	158,239,011
TOTAL SHORT TERM INVESTMENTS
(Cost $158,239,011)			$	158,239,011
REPURCHASE AGREEMENTS - 5.02%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$50,499,488 on 03/01/2006,
collateralized by $51,445,000
Federal Home Loan Mortgage
Company, 5.625% due 02/22/2016
(valued at $51,509,306, including
interest) (c)	$	50,495,000	$	50,495,000
TOTAL REPURCHASE AGREEMENTS
(Cost $50,495,000)			$	50,495,000
Total Investments (International Value Fund)
(Cost $1,080,520,847) - 114.88%			$ 1,155,144,829
Liabilities in Excess of Other Assets - (14.88)%				(149,584,136)
TOTAL NET ASSETS - 100.00%			$ 1,005,560,693

The portfolio had the following five top industry concentrations as of February 28, 2006 (as a percentage of total net assets):

Telecommunications Equipment & Services	10.29%
Electronics	7.70%
Banking	7.63%
Insurance	7.59%
Food & Beverages	5.56%

Investment Quality Bond Fund
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 15.51%
Treasury Inflation Protected
Securities (d) - 4.18%
1.875% due 07/15/2013	$	3,858,012	$	3,833,448
2.00% due 07/15/2014		1,097,454		1,098,869
				4,932,317
U.S. Treasury Bonds - 9.45%
6.25% due 08/15/2023		2,000,000		2,364,844
7.875% due 02/15/2021		2,339,000		3,126,403
8.125% due 08/15/2019 ****		885,000		1,184,310
8.75% due 08/15/2020		1,535,000		2,179,760

The accompanying notes are an integral part of the financial statements. 192

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Bonds (continued)
8.875% due 08/15/2017 to 02/15/2019	$	1,655,000	$	2,288,581
				11,143,898
U.S. Treasury Notes - 1.88%
3.375% due 02/28/2007		2,250,000		2,220,293
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $18,152,406)			$	18,296,508
U.S. GOVERNMENT AGENCY OBLIGATIONS - 14.57%
Federal Home Loan Bank - 1.82%
5.80% due 09/02/2008		2,105,000		2,142,164
Federal Home Loan Mortgage Corp. - 2.80%
4.00% due 11/15/2019		135,265		123,573
5.00% due 03/01/2019 to 12/01/2019		975,898		963,875
6.30% due 03/15/2023		9,824		9,875
6.50% due 04/01/2029 to 08/01/2034		41,958		42,945
6.625% due 09/15/2009		2,030,000		2,139,214
7.50% due 06/01/2010 to 05/01/2028		16,026		16,768
				3,296,250
Federal National Mortgage
Association - 9.42%
3.125% due 12/15/2007		541,000		524,643
4.682% due 05/01/2013		217,701		211,500
4.874% due 02/01/2013		389,399		382,038
5.00% due 03/01/2019 to 06/01/2019		1,908,754		1,885,228
5.25% due 04/15/2007		676,000		678,148
5.393% due 09/01/2014		2,950,414		2,981,083
5.50% due 08/01/2035 to 11/01/2035		1,480,894		1,467,678
5.636% due 12/01/2011		227,773		231,218
5.885% due 11/01/2011		240,066		245,865
6.051% due 03/01/2012 to 05/01/2012		323,482		334,433
6.085% due 10/01/2011		158,543		163,402
6.27% due 11/01/2007		201,903		203,416
6.28% due 04/01/2011		135,265		140,807
6.34% due 01/01/2008		33,604		33,934
6.43% due 01/01/2008		38,731		39,162
6.44% due 02/01/2011		474,621		497,806
6.46% due 06/01/2009		186,837		191,733
6.50% due 09/01/2031		177		182
6.625% due 09/15/2009		850,000		896,011
6.80% due 10/01/2007		5,303		5,363
7.00% due 06/01/2029		631		654
				11,114,304
Government National Mortgage
Association - 0.46%
6.00% due 08/15/2008 to 04/15/2035		141,231		144,212
6.50% due 06/15/2028 to 08/15/2034		86,744		90,522
7.00% due 04/15/2023 to 03/15/2029		292,494		305,505
8.00% due 07/15/2030 to 10/15/2030		4,258		4,561
				544,800

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Housing & Urban Development - 0.07%
7.498% due 08/01/2011	$	81,000	$	87,270
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $17,297,681)			$	17,184,788
FOREIGN GOVERNMENT OBLIGATIONS - 0.32%
Argentina - 0.05%
Republic of Argentina
4.889% due 08/03/2012 (b)		71,000		58,255
South Africa - 0.13%
Republic of South Africa
7.375% due 04/25/2012		143,000		158,194
Trinidad and Tobago - 0.14%
Republic of Trinidad & Tobago
9.75% due 07/01/2020		117,000		163,299
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $375,015)			$	379,748
CORPORATE BONDS - 40.93%
Aerospace - 0.21%
Argo-Tech Corp.
9.25% due 06/01/2011		5,000		5,300
DRS Technologies, Inc.
6.625% due 02/01/2016		5,000		5,025
7.625% due 02/01/2018		5,000		5,137
Moog, Inc.
6.25% due 01/15/2015		1,000		990
Northrop Grumman Corp.
7.875% due 03/01/2026		15,000		18,821
Raytheon Company
4.85% due 01/15/2011		208,000		203,886
Sequa Corp.
9.00% due 08/01/2009		6,000		6,465
				245,624
Agriculture - 0.42%
Archer-Daniels-Midland Company
6.75% due 12/15/2027		135,000		153,275
Bunge Limited Finance Corp.
5.10% due 07/15/2015		79,000		75,315
Case New Holland, Inc.
7.125% due 03/01/2014		10,000		10,025
9.25% due 08/01/2011		12,000		12,870
Monsanto Company
5.50% due 08/15/2025		135,000		129,095
5.50% due 07/30/2035		125,000		118,769
				499,349
Air Travel - 0.57%
American Airlines
3.857% due 07/09/2010		26,148		25,004
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		136,549		137,956
Continental Airlines, Inc., Series 981A
6.648% due 09/15/2017		310,429		309,270

The accompanying notes are an integral part of the financial statements. 193

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Air Travel (continued)
Continental Airlines, Inc., Series ERJ1
9.798% due 04/01/2021	$	14,764	$	14,985
Delta Air Lines, Inc., Series 2002-1
6.718% due 07/02/2024		104,487		106,497
Southwest Airlines Company
5.25% due 10/01/2014		84,000		81,212
				674,924
Aluminum - 0.37%
Alcan Aluminum, Ltd.
6.125% due 12/15/2033		27,000		27,822
6.45% due 03/15/2011		159,000		166,405
Alcoa, Inc.
6.75% due 01/15/2028		208,000		237,071
				431,298
Auto Parts - 0.02%
ArvinMeritor, Inc.
8.75% due 03/01/2012		8,000		7,840
Tenneco Automotive, Inc.
10.25% due 07/15/2013		1,000		1,107
TRW Automotive, Inc.
11.00% due 02/15/2013		2,000		2,245
United Rentals North America, Inc.
6.50% due 02/15/2012		10,000		9,987
Visteon Corp.
7.00% due 03/10/2014		3,000		2,228
				23,407
Automobiles - 0.55%
Chrysler Corp.
7.45% due 02/01/2097		135,000		141,233
DaimlerChrysler NA Holding Corp.
4.75% due 01/15/2008		305,000		301,282
8.50% due 01/18/2031		150,000		182,877
Ford Motor Company
7.45% due 07/16/2031		10,000		7,100
General Motors Corp.
8.375% due 07/15/2033		4,000		2,820
Hertz Corp., Class A
8.875% due 01/01/2014		5,000		5,225
10.50% due 01/01/2016		5,000		5,388
				645,925
Banking - 4.50%
American Express Centurion Bank
4.375% due 07/30/2009		250,000		243,990
Bank of America Corp.
4.375% due 12/01/2010		436,000		421,660
7.40% due 01/15/2011		402,000		438,442
Bayerische Landesbank Girozentrale
5.65% due 02/01/2009		27,000		27,458
BB & T Corp.
4.90% due 06/30/2017		192,000		184,296
Chase Manhattan Corp.
7.00% due 11/15/2009		135,000		142,777
Chevy Chase Bank
6.875% due 12/01/2013		5,000		5,150

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
China Development Bank
5.00% due 10/15/2015	$	175,000	$	170,470
Citicorp
6.375% due 11/15/2008		231,000		238,404
First Republic Bank of San Francisco
7.75% due 09/15/2012		111,000		122,100
First Union National Bank
7.80% due 08/18/2010		350,000		385,376
Frost National Bank
6.875% due 08/01/2011		135,000		144,207
HBOS PLC, MTN
6.00% due 11/01/2033		210,000		222,431
Huntington National Bank
4.90% due 01/15/2014		250,000		240,959
National Australia Bank Ltd.
8.60% due 05/19/2010		23,000		25,808
National City Corp.
6.875% due 05/15/2019		260,000		291,791
NBD Bancorp
8.25% due 11/01/2024		270,000		340,921
Regions Financial Corp.
7.00% due 03/01/2011		12,000		12,972
Republic New York Corp.
9.50% due 04/15/2014		135,000		169,427
Royal Bank of Scotland Group PLC
6.40% due 04/01/2009		696,000		722,982
Sovereign Bancorp, Inc.
4.80% due 09/01/2010		30,000		29,138
VTB Capital SA
6.25% due 07/02/2035		150,000		154,875
Wachovia Corp.
5.50% due 08/01/2035		250,000		241,168
Wells Fargo Bank NA
7.55% due 06/21/2010		300,000		328,021
				5,304,823
Broadcasting - 1.03%
CanWest Media, Inc.
8.00% due 09/15/2012		10,000		10,250
Chancellor Media Corp.
8.00% due 11/01/2008		54,000		57,099
Clear Channel Communications, Inc.
7.65% due 09/15/2010		216,000		229,246
Comcast Cable Communications
8.50% due 05/01/2027		189,000		230,678
CSC Holdings, Inc.
7.625% due 07/15/2018		11,000		10,711
Emmis Communications Corp.
10.3663% due 06/15/2012 (b)		2,057		2,057
Liberty Media Corp.
5.70% due 05/15/2013		4,000		3,747
7.875% due 07/15/2009		9,000		9,473
8.25% due 02/01/2030		2,000		2,009
News America Holdings, Inc.
7.75% due 01/20/2024		328,000		368,500

The accompanying notes are an integral part of the financial statements. 194

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
Viacom, Inc.
7.875% due 07/30/2030	$	250,000	$	287,702
				1,211,472
Building Materials & Construction - 0.60%
American Standard, Inc.
7.375% due 02/01/2008		135,000		139,530
Lowe's Companies, Inc.
6.50% due 03/15/2029		273,000		307,969
Masco Corp.
5.75% due 10/15/2008		94,000		94,840
SCL Terminal Aereo Santiago SA
6.95% due 07/01/2012		156,946		159,976
				702,315
Business Services - 0.22%
FedEx Corp., Series 981A
6.72% due 01/15/2022		158,971		171,657
GTECH Holdings Corp.
4.75% due 10/15/2010		45,000		44,448
Invensys PLC
9.875% due 03/15/2011		9,000		9,315
SunGard Data Systems, Inc.
9.125% due 08/15/2013		13,000		13,829
10.25% due 08/15/2015		4,000		4,195
Xerox Corp.
7.20% due 04/01/2016		15,000		15,975
				259,419
Cable and Television - 0.99%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		13,000		12,772
Comcast Corp.
5.85% due 11/15/2015		350,000		351,326
6.50% due 11/15/2035		175,000		177,362
Cox Communications, Inc.
7.125% due 10/01/2012		208,000		222,014
Cox Enterprises, Inc.
4.375% due 05/01/2008		64,000		62,256
Echostar DBS Corp.
6.375% due 10/01/2011		6,000		5,865
LIN Television Corp.
6.50% due 05/15/2013		5,000		4,744
LIN Television Corp., Series B
6.50% due 05/15/2013		2,000		1,897
Mediacom Broadband LLC
8.50% due 10/15/2015		2,000		1,920
11.00% due 07/15/2013		4,000		4,280
Mediacom LLC/Mediacom Capital Corp.
7.875% due 02/15/2011		5,000		4,769
9.50% due 01/15/2013		4,000		4,000
Quebecor Media Inc.
7.75% due 03/15/2016		10,000		10,250
Rogers Cable, Inc.
6.25% due 06/15/2013		10,000		9,938
Shaw Communications, Inc.
8.25% due 04/11/2010		4,000		4,290

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable and Television (continued)
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012	$	6,000	$	6,128
TCI Communications, Inc.
8.75% due 08/01/2015		183,000		218,505
Time Warner, Inc.
7.25% due 10/15/2017		60,000		65,588
				1,167,904
Cellular Communications - 0.70%
American Cellular Corp.
10.00% due 08/01/2011		6,000		6,525
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		94,000		104,235
8.75% due 03/01/2031		217,000		287,971
Cingular Wireless LLC
7.125% due 12/15/2031		67,000		76,365
Cingular Wireless Services, Inc.
8.125% due 05/01/2012		56,000		64,163
Dobson Cellular Systems, Inc.
8.375% due 11/01/2011		15,000		15,900
Nextel Communications, Inc.
7.375% due 08/01/2015		7,000		7,403
Rogers Wireless, Inc.
9.625% due 05/01/2011		27,000		31,253
Vodafone Group PLC
7.75% due 02/15/2010		211,000		228,878
				822,693
Chemicals - 0.36%
Cytec Industries, Inc.
4.60% due 07/01/2013		135,000		122,128
Dow Chemical Company
5.75% due 12/15/2008		54,000		54,869
6.00% due 10/01/2012		154,000		160,398
Equistar Chemicals LP
10.625% due 05/01/2011		8,000		8,700
IMC Global, Inc.
7.30% due 01/15/2028		3,000		2,880
IMC Global, Inc., Series B
10.875% due 06/01/2008		43,000		47,623
11.25% due 06/01/2011		4,000		4,290
Lyondell Chemical Company, Series A
9.625% due 05/01/2007		9,000		9,315
Methanex Corp.
8.75% due 08/15/2012		4,000		4,410
Millennium America, Inc.
9.25% due 06/15/2008		4,000		4,110
Nalco Company
7.75% due 11/15/2011		4,000		4,070
				422,793
Coal - 0.00%
Massey Energy Company
6.625% due 11/15/2010		2,000		2,045
Computers & Business Equipment - 0.07%
Computer Sciences Corp.
7.375% due 06/15/2011		19,000		20,046

The accompanying notes are an integral part of the financial statements. 195

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Computers & Business Equipment
(continued)
Hewlett Packard Company
6.50% due 07/01/2012	$	54,000	$	57,690
				77,736
Containers & Glass - 0.03%
Crown Holdings, Inc.
7.625% due 11/15/2013		5,000		5,212
7.75% due 11/15/2015		5,000		5,212
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		16,000		16,680
Stone Container Corp.
9.25% due 02/01/2008		10,000		10,413
				37,517
Correctional Facilities - 0.00%
Corrections Corporation of America
6.25% due 03/15/2013		2,000		1,985
Cosmetics & Toiletries - 0.01%
Spectrum Brands, Inc.
7.375% due 02/01/2015		10,000		8,625
Crude Petroleum & Natural Gas - 0.19%
Burlington Resources Finance Company
7.40% due 12/01/2031		159,000		199,545
Chesapeake Energy Corp.
6.50% due 08/15/2017		10,000		10,063
6.625% due 01/15/2016		12,000		12,180
7.50% due 09/15/2013		3,000		3,191
Premcor Refining Group, Inc.
6.75% due 05/01/2014		4,000		4,197
				229,176
Domestic Oil - 0.55%
Amerada Hess Corp.
7.30% due 08/15/2031		2,000		2,349
Delta Petroleum Corp.
7.00% due 04/01/2015		10,000		9,650
Devon Financing Corp., ULC
6.875% due 09/30/2011		305,000		327,884
Exco Resources, Inc.
7.25% due 01/15/2011		4,000		4,080
Magnum Hunter Resources, Inc.
9.60% due 03/15/2012		2,000		2,160
Motiva Enterprises LLC
5.20% due 09/15/2012		148,000		147,585
Valero Energy Corp.
8.75% due 06/15/2030		112,000		149,856
Whiting Petroleum Corp.
7.00% due 02/01/2014		3,000		3,007
7.25% due 05/01/2013		3,000		3,037
				649,608
Drugs & Health Care - 0.04%
Allegiance Corp.
7.00% due 10/15/2026		13,000		14,312
Biovail Corp.
7.875% due 04/01/2010		10,000		10,300

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Drugs & Health Care (continued)
Rite Aid Corp.
8.125% due 05/01/2010	$	18,000	$	18,360
				42,972
Electrical Equipment - 0.29%
Exelon Generation Company LLC
5.35% due 01/15/2014		187,000		185,015
Nisource Finance Corp.
3.20% due 11/01/2006		81,000		79,925
Northern States Power-Minnesota
6.50% due 03/01/2028		67,000		74,964
				339,904
Electrical Utilities - 2.66%
AES Corp.
9.00% due 05/15/2015		14,000		15,260
Alabama Power Company
5.875% due 12/01/2022		63,000		65,508
American Electric Power, Inc., Series A
6.125% due 05/15/2006		113,000		113,217
Arizona Public Service Company
6.375% due 10/15/2011		135,000		139,966
Avista Corp.
9.75% due 06/01/2008		17,000		18,351
Carolina Power & Light Company
6.50% due 07/15/2012		371,000		392,772
CMS Energy Corp.
8.50% due 04/15/2011		4,000		4,360
Commonwealth Edison Company
6.15% due 03/15/2012		92,000		95,286
Duke Energy Corp.
5.375% due 01/01/2009		135,000		134,685
Florida Power & Light Company
5.85% due 02/01/2033		31,000		32,038
Georgia Power Company
5.25% due 12/15/2015		150,000		149,115
Midwest Generation LLC
8.75% due 05/01/2034		6,000		6,555
Nevada Power Company
9.00% due 08/15/2013		3,000		3,317
10.875% due 10/15/2009		9,000		9,745
New York State Electric & Gas Corp.
5.75% due 05/01/2023		74,000		73,143
NSTAR
8.00% due 02/15/2010		270,000		295,654
Ohio Edison Company
4.00% due 05/01/2008		312,000		303,715
Old Dominion Electric Coop.
6.25% due 06/01/2011		141,000		147,672
Oncor Electric Delivery Company
6.375% due 05/01/2012		158,000		165,153
Pacificorp Australia LLC
6.15% due 01/15/2008		111,000		112,862
Pacificorp Secured MTN
6.375% due 05/15/2008		135,000		138,195
PSEG Power LLC
8.625% due 04/15/2031		154,000		204,687

The accompanying notes are an integral part of the financial statements. 196

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Puget Sound Energy, Inc.
7.00% due 03/09/2029	$	54,000	$	62,763
Reliant Energy, Inc.
6.75% due 12/15/2014		15,000		13,556
Southern California Edison Company
6.00% due 01/15/2034		201,000		210,596
TXU Corp., Series O
4.80% due 11/15/2009		74,000		71,105
TXU Corp., Series P
5.55% due 11/15/2014		21,000		20,000
Wisconsin Electric Power Company
6.50% due 06/01/2028		94,000		103,947
Wisconsin Energy Corp.
6.20% due 04/01/2033		33,000		34,526
				3,137,749
Electronics - 0.00%
Sanmina-SCI Corp.
6.75% due 03/01/2013		1,000		965
Energy - 0.34%
Alliant Energy Resources, Inc.
9.75% due 01/15/2013		60,000		73,408
Aquila, Inc.
9.95 due 02/01/2011		10,000		11,125
Midamerican Funding LLC
6.75% due 03/01/2011		260,000		275,650
Mirant North America LLC
7.375% due 12/31/2013		10,000		10,262
NRG Energy, Inc.
7.25% due 02/01/2014		5,000		5,125
7.375% due 02/01/2016		15,000		15,450
Peabody Energy Corp.
6.875% due 03/15/2013		11,000		11,303
TECO Energy, Inc.
6.75% due 05/01/2015		2,000		2,100
				404,423
Financial Services - 7.81%
Aiful Corp.
5.00% due 08/10/2010		100,000		97,741
AMBAC Financial Group, Inc.
5.95% due 12/05/2035		185,000		188,099
American Financial Group, Inc.
7.125% due 04/15/2009		245,000		257,382
American General Finance Corp.
5.375% due 10/01/2012		154,000		153,247
Amerus Capital I
8.85% due 02/01/2027		101,000		106,385
Arch Western Finance LLC
6.75% due 07/01/2013		16,000		16,040
Associates Corp. of North America
8.55% due 07/15/2009		81,000		89,271
Beneficial Corp.
8.40% due 05/15/2008		47,000		50,052
CB Richard Ellis Services, Inc.
9.75% due 05/15/2010		1,000		1,085

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
CIT Group, Inc.
5.00% due 02/01/2015	$	175,000	$	168,951
Citigroup, Inc.
4.875% due 05/07/2015		586,000		566,112
Credit Suisse First Boston USA, Inc.
6.125% due 11/15/2011		325,000		337,555
E*TRADE Financial Corp.
7.375% due 09/15/2013		2,000		2,065
8.00% due 06/15/2011		3,000		3,157
Equitable Companies, Inc.
7.00% due 04/01/2028		235,000		272,729
Erac USA Finance Company
8.00% due 01/15/2011		534,000		589,394
Farmers Exchange Capital
7.05% due 07/15/2028		250,000		262,619
Fidelity National Title Group, Inc.
7.30% due 08/15/2011		81,000		83,825
Ford Motor Credit Company
7.00% due 10/01/2013		6,000		5,273
General Electric Capital Corp.
6.125% due 02/22/2011		67,000		69,663
General Electric Capital Corp., MTN
6.75% due 03/15/2032		634,000		742,001
General Motors Acceptance Corp.
6.875% due 09/15/2011		135,000		120,875
8.00% due 11/01/2031		20,000		18,265
Goldman Sachs Group, Inc.
6.875% due 01/15/2011		108,000		115,227
Hartford Financial Services Group, Inc.
7.90% due 06/15/2010		27,000		29,665
Household Finance Corp.
6.375% due 11/27/2012		410,000		431,445
7.00% due 05/15/2012		283,000		306,314
International Lease Finance Corp.
5.75% due 10/15/2006		94,000		94,252
5.875% due 05/01/2013		150,000		153,147
John Deere Capital Corp.
7.00% due 03/15/2012		104,000		113,352
JP Morgan Chase Capital XV
5.875% due 03/15/2035		467,000		461,729
JSG Funding PLC
9.625% due 10/01/2012		2,000		2,095
Lehman Brothers Holdings, Inc.
4.375% due 11/30/2010		117,000		113,192
Mizuho Financial Group Cayma
5.79% due 04/15/2014		246,000		251,249
Morgan Stanley
4.75% due 04/01/2014		401,000		382,409
6.75% due 04/15/2011		106,000		112,898
Morgan Stanley Dean Witter
6.60% due 04/01/2012		135,000		143,353
Nationwide Financial Services, Inc.
6.25% due 11/15/2011		196,000		203,776
Pemex Finance, Ltd.
8.875% due 11/15/2010		162,000		178,343

The accompanying notes are an integral part of the financial statements. 197

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Sun Canada Financial Company
7.25% due 12/15/2015	$	229,000	$	251,567
Sunamerica, Inc.
8.125% due 04/28/2023		135,000		172,398
The Goldman Sachs Group, Inc.
6.125% due 02/15/2033		304,000		318,241
TIAA Global Markets
4.125% due 11/15/2007		200,000		196,526
UFJ Finance Aruba AEC
6.75% due 07/15/2013		111,000		119,546
United States Bancorp Oregon
7.50% due 06/01/2026		700,000		854,244
Western Financial Bank
9.625% due 05/15/2012		8,000		8,980
				9,215,734
Food & Beverages - 1.49%
Ameriqual Group LLC
9.00% due 04/01/2012		2,000		2,100
Cia Brasileira de Bebidas
8.75% due 09/15/2013		371,000		434,626
General Mills, Inc.
6.00% due 02/15/2012		86,000		88,861
Kraft Foods, Inc.
5.625% due 11/01/2011		160,000		162,007
6.50% due 11/01/2031		266,000		291,430
Molson Coors Capital Financial
4.85% due 09/22/2010		117,000		114,568
Pepsi Bottling Group, Inc., Series B
7.00% due 03/01/2029		142,000		168,562
Tricon Global Restaurants, Inc.
7.65% due 05/15/2008		147,000		153,975
Tyson Foods, Inc.
8.25% due 10/01/2011		312,000		342,519
				1,758,648
Forest Products - 0.31%
Weyerhaeuser Company
6.75% due 03/15/2012		308,000		325,538
7.95% due 03/15/2025		40,000		46,137
				371,675
Gas & Pipeline Utilities - 0.65%
Duke Energy Field Services
5.75% due 11/15/2006		33,000		33,106
El Paso Production Holding Company
7.75% due 06/01/2013		10,000		10,550
Kinder Morgan Energy Partners
7.125% due 03/15/2012		208,000		225,487
National Gas Company
6.05% due 01/15/2036		250,000		248,712
Northern Border Partners, LP
7.10% due 03/15/2011		135,000		144,437
Praxair, Inc.
6.50% due 03/01/2008		81,000		82,937
Tennessee Gas Pipeline Company
8.375% due 06/15/2032		5,000		6,023

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
Williams Companies, Inc.
7.125% due 09/01/2011	$	13,000	$	13,618
7.875% due 09/01/2021		1,000		1,118
8.125% due 03/15/2012		1,000		1,095
				767,083
Healthcare Products - 0.01%
CDRV Investors, Inc.
zero coupon, Step up to 9.625% on
01/01/2010 due 01/01/2015		13,000		8,905
Healthcare Services - 0.28%
DaVita, Inc.
6.625% due 03/15/2013		2,000		2,030
7.25% due 03/15/2015		2,000		2,040
Healthsouth Corp.
7.625% due 06/01/2012		2,000		2,195
8.375% due 10/01/2011		13,000		14,625
Quest Diagnostics, Inc.
5.45% due 11/01/2015		125,000		124,526
WellPoint, Inc.
5.00% due 01/15/2011		185,000		182,632
				328,048
Homebuilders - 0.61%
Beazer Homes USA, Inc.
8.625% due 05/15/2011		12,000		12,570
Centex Corp.
7.875% due 02/01/2011		260,000		282,289
D.R. Horton, Inc.
7.875% due 08/15/2011		150,000		162,723
9.75% due 09/15/2010		14,000		15,925
KB Home
6.25% due 06/15/2015		5,000		4,747
Pulte Homes, Inc.
7.875% due 08/01/2011		100,000		108,866
8.125% due 03/01/2011		125,000		136,429
				723,549
Hotels & Restaurants - 0.26%
Aztar Corp.
9.00% due 08/15/2011		4,000		4,225
CCM Merger, Inc.
8.00% due 08/01/2013		6,000		5,970
Majestic Star LLC
9.75% due 01/15/2011		15,000		15,413
Marriott International, Inc.
4.625% due 06/15/2012		228,000		217,401
Park Place Entertainment Corp.
8.125% due 05/15/2011		24,000		26,340
Riviera Holdings Corp.
11.00% due 06/15/2010		10,000		10,750
Wendy's International, Inc.
7.00% due 12/15/2025		24,000		24,176
				304,275
Household Products - 0.33%
Procter & Gamble, Series A
9.36% due 01/01/2021		300,000		387,171

The accompanying notes are an integral part of the financial statements. 198

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial Machinery - 0.01%
The Manitowoc Company, Inc.
10.50% due 08/01/2012	$	7,000	$	7,753
Industrials - 0.02%
Dynegy Holdings, Inc.
7.125% due 05/15/2018		15,000		14,625
Goodman Global Holding Company, Inc.
7.875% due 12/15/2012		10,000		9,775
				24,400
Insurance - 4.69%
AAG Holding Company, Inc.
6.875% due 06/01/2008		231,000		237,541
ACE Capital Trust II
9.70% due 04/01/2030		198,000		274,964
AIG SunAmerica Global Financing X
6.90% due 03/15/2032		100,000		115,725
Allstate Corp.
5.55% due 05/09/2035		294,000		289,970
Cigna Corp.
7.875% due 05/15/2027		11,000		13,286
Dai Ichi Mutual Life Insurance Company
5.73% due 03/17/2014		200,000		201,183
Equitable Life Assurance Society
7.70% due 12/01/2015		250,000		290,272
Everest Reinsurance Holdings, Inc.
8.75% due 03/15/2010		394,000		440,607
Florida Windstorm Underwriting Association,
Series 1999
7.125% due 02/25/2019		503,000		568,623
Jackson National Life Insurance Company
8.15% due 03/15/2027		377,000		472,749
Liberty Mutual Insurance Company
7.697% due 10/15/2097		429,000		464,308
Metlife, Inc.
5.375% due 12/15/2012		150,000		151,092
5.70% due 06/15/2035		208,000		207,722
Nationwide Mutual Insurance Company
8.25% due 12/01/2031		260,000		323,746
New York Life Insurance Company
5.875% due 05/15/2033		100,000		103,576
Ohio National Life Insurance Company
8.50% due 05/15/2026		155,000		187,438
Premium Asset Trust
4.125% due 03/12/2009		87,000		83,261
Principal Life Global Funding I
6.125% due 10/15/2033		108,000		115,438
Prudential Financial
7.65% due 07/01/2007		200,000		206,337
Reinsurance Group of America, Inc.
6.75% due 12/15/2011		135,000		142,014
Safeco Corp.
4.875% due 02/01/2010		132,000		129,959
7.25% due 09/01/2012		18,000		19,777
The St. Paul Companies, Inc.
5.50% due 12/01/2015		55,000		54,983

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
The St. Paul Companies, Inc.
5.75% due 03/15/2007	$	127,000	$	126,917
WR Berkley Corp.
5.125% due 09/30/2010		54,000		53,180
5.60% due 05/15/2015		263,000		259,081
				5,533,749
International Oil - 0.30%
Canadian Natural Resources, Ltd.
6.45% due 06/30/2033		37,000		39,968
Kerr-McGee Corp.
7.125% due 10/15/2027		15,000		15,976
Pemex Project Funding Master Trust
9.125% due 10/13/2010		260,000		299,000
				354,944
Internet Retail - 0.23%
InterActive Corp.
7.00% due 01/15/2013		260,000		268,514
Investment Companies - 0.14%
Canadian Oil Sands
7.90% due 09/01/2021		135,000		163,926
Leisure Time - 0.47%
AMC Entertainment, Inc.
11.00% due 02/01/2016		15,000		15,094
Mandalay Resort Group
10.25% due 08/01/2007		7,000		7,429
MGM Mirage, Inc.
6.00% due 10/01/2009		20,000		19,900
Movie Gallery, Inc.
11.00% due 05/01/2012		2,000		1,315
Seneca Gaming Corp.
7.25% due 05/01/2012		1,000		1,015
Station Casinos, Inc.
6.00% due 04/01/2012		5,000		5,000
6.625% due 03/15/2018		5,000		4,988
6.875% due 03/01/2016		1,000		1,017
Time Warner, Inc.
7.70% due 05/01/2032		427,000		491,758
Wynn Las Vegas LLC
6.625% due 12/01/2014		9,000		8,865
				556,381
Life Sciences - 0.00%
Fisher Scientific International, Inc.
6.125% due 07/01/2015		4,000		4,005
6.75% due 08/15/2014		1,000		1,043
				5,048
Manufacturing - 0.29%
Clarke American Corp.
11.75% due 12/15/2013		5,000		5,012
Koppers, Inc.
9.875% due 10/15/2013		2,000		2,160
Tyco International Group SA
6.75% due 02/15/2011		325,000		340,951
				348,123

The accompanying notes are an integral part of the financial statements. 199

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals - 0.20%
HCA, Inc.
6.375% due 01/15/2015	$	5,000	$	4,992
7.875% due 02/01/2011		20,000		21,371
Laboratory Corp. of America Holdings
5.625% due 12/15/2015		200,000		201,102
Triad Hospitals, Inc.
7.00% due 05/15/2012		4,000		4,080
				231,545
Metal & Metal Products - 0.16%
Hawk Corp.
8.75% due 11/01/2014		2,000		2,020
Inco, Ltd.
5.70% due 10/15/2015		33,000		32,518
Novelis, Inc.
7.25% due 02/15/2015		3,000		2,910
Vale Overseas, Ltd.
6.25% due 01/11/2016		150,000		153,600
				191,048
Mining - 0.18%
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.375% due 11/30/2012		200,000		212,488
Newspapers - 0.11%
News America Holdings, Inc.
9.25% due 02/01/2013		109,000		130,188
Office Furnishings & Supplies - 0.00%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		5,000		5,050
Paper - 0.18%
Abitibi-Consolidated, Inc.
8.55% due 08/01/2010		9,000		8,887
Bowater Canada Finance Corp.
7.95% due 11/15/2011		16,000		15,680
Georgia-Pacific Corp.
8.00% due 01/15/2024		7,000		7,000
Longview Fibre Company
10.00% due 01/15/2009		2,000		2,100
Norske Skog Canada, Ltd.
8.625% due 06/15/2011		5,000		4,950
Temple-Inland, Inc.
6.625% due 01/15/2018		125,000		130,081
Willamette Industries, Inc.
7.00% due 02/01/2018		40,000		42,044
				210,742
Petroleum Services - 0.52%
Baker Hughes, Inc.
6.875% due 01/15/2029		27,000		31,756
Halliburton Company
5.50% due 10/15/2010		192,000		194,247
Hornbeck Offshore Services, Inc.
6.125% due 12/01/2014		3,000		2,977
Noram Energy Corp.
6.50% due 02/01/2008		263,000		268,151

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services (continued)
Petroleum Export, Ltd.
5.265% due 06/15/2011	$	119,000	$	116,915
Pride International, Inc.
7.375% due 07/15/2014		5,000		5,338
				619,384
Pharmaceuticals - 0.42%
AmerisourceBergen Corp.
5.625% due 09/15/2012		3,000		2,984
5.875% due 09/15/2015		3,000		3,019
Athena Neurosciences, Inc.
7.25% due 02/21/2008		3,000		2,917
Mylan Laboratories Inc.
6.375% due 08/15/2015		4,000		4,045
Omnicare, Inc.
6.75% due 12/15/2013		5,000		5,088
6.875% due 12/15/2015		5,000		5,100
Schering Plough Corp.
5.55% due 12/01/2013 (b)		85,000		85,700
6.75% due 12/01/2033 (b)		344,000		388,408
				497,261
Publishing - 0.11%
Dex Media East LLC
12.125% due 11/15/2012		4,000		4,615
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		7,000		5,880
8.00% due 11/15/2013		15,000		15,525
E.W. Scripps Company
6.625% due 10/15/2007		67,000		68,066
Scholastic Corp.
5.00% due 04/15/2013		35,000		31,448
				125,534
Railroads & Equipment - 0.15%
Canadian National Railway Company
7.375% due 10/15/2031		142,000		178,177
Greenbrier Companies, Inc.
8.375% due 05/15/2015		2,000		2,100
				180,277
Real Estate - 2.78%
AMB Property LP, REIT
5.45% due 12/01/2010		80,000		79,914
7.50% due 06/30/2018		106,000		119,205
Developers Diversified Realty Corp., REIT
5.375% due 10/15/2012		228,000		224,695
Duke Realty Corp. LP, REIT
5.25% due 01/15/2010		275,000		272,814
EOP Operating LP, REIT
4.65% due 10/01/2010		50,000		48,196
ERP Operating LP, REIT
5.125% due 03/15/2016		201,000		194,989
5.375% due 08/01/2016		125,000		123,785
Federal Realty Investment Trust, REIT
5.65% due 06/01/2016		55,000		54,867

The accompanying notes are an integral part of the financial statements. 200

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Health Care Property Investors, Inc., REIT
6.00% due 03/01/2015	$	75,000	$	75,827
7.072 due 06/08/2015 (b)		67,000		72,599
Healthcare Realty Trust, Inc., REIT
8.125% due 05/01/2011		377,000		414,449
Host Marriott LP, REIT
9.50% due 01/15/2007		16,000		16,500
Kimco Realty Corp. - REIT
5.584% due 11/23/2015		125,000		124,356
Liberty Property LP, REIT
7.25% due 03/15/2011		377,000		405,168
Prologis, REIT
5.625% due 11/15/2015		175,000		174,973
Realty Income Corp., REIT
5.375% due 09/15/2017		135,000		130,001
Regency Centers LP, REIT
7.95% due 01/15/2011		169,000		186,223
Simon Property Group LP, REIT
5.10% due 06/15/2015		129,000		124,583
5.75% due 12/01/2015		225,000		227,176
Spieker Properties LP, REIT
7.25% due 05/01/2009		60,000		63,608
United Dominion Realty Trust, Inc., REIT
5.25% due 01/15/2016		142,000		136,016
Ventas Realty LP, REIT
6.75% due 06/01/2010		2,000		2,043
7.125% due 06/01/2015		3,000		3,142
				3,275,129
Retail - 0.31%
CVS Lease Pass Through
5.88% due 01/10/2028		364,524		362,355
Retail Grocery - 0.17%
Delhaize America, Inc.
9.00% due 04/15/2031		2,000		2,386
Kroger Co.
6.75% due 04/15/2012		179,000		188,401
Pathmark Stores, Inc.
8.75% due 02/01/2012		8,000		7,600
				198,387
Retail Trade - 0.61%
Federated Department Stores, Inc.
6.90% due 04/01/2029		156,000		170,312
Fortune Brands, Inc.
5.125% due 01/15/2011		170,000		167,939
GSC Holdings Corp.
8.00% due 10/01/2012		8,000		7,980
Lazy Days RV Center, Inc.
11.75% due 05/15/2012		9,000		9,180
Neff Corp.
11.25% due 06/15/2012		5,000		5,425
Target Corp.
6.35% due 01/15/2011		142,000		149,463
Wal-Mart Stores, Inc.
4.125% due 02/15/2011		218,000		208,828
				719,127

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Sanitary Services - 0.02%
Allied Waste North America, Inc.
8.50% due 12/01/2008	$	22,000	$	23,182
Semiconductors - 0.01%
Amkor Technology, Inc.
7.125% due 03/15/2011		6,000		5,640
7.75% due 05/15/2013		5,000		4,737
MagnaChip Semiconductor SA
6.875% due 12/15/2011		2,000		1,973
8.00% due 12/15/2014		3,000		2,895
				15,245
Software - 0.00%
Activant Solutions, Inc.
10.53% due 04/01/2010 (b)		5,000		5,125
Steel - 0.01%
United States Steel LLC
10.75% due 08/01/2008		9,000		9,945
Telecommunications Equipment &
Services - 0.78%
Bellsouth Corp.
4.75% due 11/15/2012		302,000		292,266
Citizens Communications Company
9.25% due 05/15/2011		12,000		13,290
France Telecom SA
8.00% due 03/01/2011		267,000		294,381
GCI, Inc.
7.25% due 02/15/2014		15,000		14,737
Insight Midwest LP
10.50% due 11/01/2010		12,000		12,645
Insight Midwest LP/ Insight Capital, Inc.
9.75% due 10/01/2009		4,000		4,130
Intelsat Bermuda, Ltd.
8.625% due 01/15/2015		2,000		2,075
Intelsat, Ltd.
8.25% due 01/15/2013		17,000		17,382
Lucent Technologies, Inc.
6.45% due 03/15/2029		2,000		1,688
Panamsat Corp.
9.00% due 08/15/2014		1,000		1,055
Singapore Telecommunications, Ltd.
7.375% due 12/01/2031		208,000		254,487
Syniverse Technologies Inc., Series B
7.75% due 08/15/2013		6,000		6,015
United States West Communications, Inc.
6.875% due 09/15/2033		3,000		2,880
				917,031
Telephone - 1.34%
Alltel Corp.
7.875% due 07/01/2032		40,000		50,002
Ameritech Capital Funding Corp.
6.45% due 01/15/2018		148,000		149,872
AT&T Corp.
9.05%, Step down to 7.3% on 05/15/2006
due 11/15/2011 (b)		9,000		9,859

The accompanying notes are an integral part of the financial statements. 201

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
AT&T Corp. (continued)
9.75%, Step down to 8.0% on
05/15/2006 due 11/15/2031 (b)	$	2,000	$	2,502
British Telecommunications PLC
8.375% due 12/15/2010		156,000		175,448
Qwest Capital Funding, Inc.
7.25% due 02/15/2011		5,000		5,088
Qwest Communications International, Inc.
7.25% due 02/15/2011		13,000		13,276
Sprint Capital Corp.
6.875% due 11/15/2028		402,000		438,035
Telecom Italia Capital SA
6.00% due 09/30/2034		409,000		386,769
Verizon Communications, Inc.
8.75% due 11/01/2021		285,000		349,397
				1,580,248
Tobacco - 0.25%
Alliance One International, Inc.
11.00% due 05/15/2012		2,000		1,875
Altria Group, Inc.
7.00% due 11/04/2013		269,000		292,201
RJ Reynolds Tobacco Holdings, Inc.
7.30% due 07/15/2015		6,000		6,217
				300,293
Trucking & Freight - 0.00%
Navistar International Corp.
6.25% due 03/01/2012		2,000		2,015
TOTAL CORPORATE BONDS (Cost $48,241,849)			$	48,284,176
MUNICIPAL BONDS - 0.97%
Arizona - 0.12%
Phoenix Arizona Civic Improvement Corp.
6.30% due 07/01/2008		135,000		138,582
California - 0.44%
Los Angeles County California Pension, Series A
8.62% due 06/30/2006		200,000		202,408
San Bernardino County California, Series A
5.15% due 08/01/2011		120,000		119,771
Southern California Public Power Authority Project,
Series B
6.93% due 05/15/2017		175,000		201,591
				523,770
Florida - 0.14%
Miami Beach Florida Redevelopment Agency Tax
Increment Revenue
8.95% due 12/01/2022		135,000		160,932
Indiana - 0.01%
Indiana Bond Bank Revenue
5.02% due 01/15/2016		15,000		14,770
Maryland - 0.03%
Maryland State Transportation Authority, Ltd.
5.84% due 07/01/2011		40,000		41,441

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
Michigan - 0.16%
Detroit Michigan Downtown Development Authority
6.20% due 07/01/2008	$	180,000	$	184,383
New Jersey - 0.02%
Jersey City New Jersey Municipal Utilities Authority
4.55% due 05/15/2012		20,000		19,348
New York - 0.05%
Sales Tax Asset Receivable Corp., Series B
4.25% due 10/15/2011		65,000		62,206
TOTAL MUNICIPAL BONDS (Cost $1,161,312)			$	1,145,432
COLLATERALIZED MORTGAGE
OBLIGATIONS - 7.24%
Asset Securitization Corp.,
Series 1997-D5, Class A1B
6.66% due 02/14/2043		98,820		99,663
Asset Securitization Corp.,
Series 1997-D5, Class A1D
6.85% due 02/14/2043		500,000		528,897
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2 Class A4
6.186% due 06/11/2035		405,797		423,798
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2003-T12, Class A4
4.68% due 08/13/2039		405,797		390,315
Chase Commercial Mortgage Securities Corp.,
Series 1998-1, Class A2
6.56% due 05/18/2030		438,210		447,681
Chase Commercial Mortgage Securities Corp.,
Series 1998-2, Class A2
6.39% due 11/18/2030		322,685		331,460
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class A4
5.224% due 09/15/2020		500,000		500,380
Commercial Mortgage Asset Trust, Series
1999-C1, Class A3
6.64% due 01/17/2032		405,797		421,131
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class A5A
5.116% due 06/10/2044 (b)		500,000		493,471
CS First Boston Mortgage Securities Corp, Series
2003-C3, Class A5
3.936% due 05/15/2038		500,000		460,334
First Union - Chase Commercial Mortgage,
Series 1999-C2, Class A2
6.645% due 06/15/2031		384,658		397,952
General Electric Capital Assurance Company,
Series 2003-1, Class A5
5.7426% due 05/12/2035		89,275		92,368
Government National Mortgage Association,
Series 2005-74, Class HA
7.50% due 09/16/2035		58,235		61,183
Government National Mortgage Association,
Series 2005-74, Class HB
7.50% due 09/16/2035		40,222		41,956

The accompanying notes are an integral part of the financial statements. 202

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Government National Mortgage Association,
Series 2005-74, Class HC
7.50% due 09/16/2035	$	28,577	$	30,024
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG5, Class A5
5.224% due 04/10/2037 (b)		500,000		497,386
JP Morgan Chase Commercial Mortgage
Securities Corp., Series 2005-LDP4, Class A4
4.918% due 10/15/2042 (b)		500,000		485,737
LB-UBS Commercial Mortgage Trust,
Series 2001-C7, Class A3
5.642% due 12/15/2025		349,312		352,577
LB-UBS Commercial Mortgage Trust,
Series 2002-C1, Class A4
6.462% due 03/15/2031		202,898		215,746
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class A4
5.047% due 07/12/2038 (b)		500,000		490,801
Morgan Stanley Capital I, Inc., Series 1998-WF2,
Class A2
6.54% due 07/15/2030		148,953		152,394
Morgan Stanley Capital I, Inc., Series 1999-WF1,
Class A2
6.21% due 11/15/2031		390,298		397,958
Morgan Stanley Dean Witter Capital I, Series
2001-TOP5, Class A4
6.39% due 10/15/2035		270,531		284,502
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 07/15/2033		113,623		119,210
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		40,579		42,105
Nomura Asset Securities Corp.,
Series 1998-D6, Class A1B
6.59% due 03/15/2030		385,507		396,044
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		405,797		387,467
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $8,579,035)			$	8,542,540
ASSET BACKED SECURITIES - 7.81%
Advanta Business Card Master Trust,
Series 2005-A4, Class A4
4.75% due 01/20/2011		370,000		368,112
AESOP Funding II LLC, Series 2003-4, Class A
2.86% due 08/20/2009		235,000		223,715
AmeriCredit Automobile Receivables Trust,
Series 2005-AX, Class A4
3.93% due 10/06/2011		700,000		685,235
Bank One Auto Securitization Trust,
Series 2003-1, Class A4
2.43% due 03/22/2010		602,000		587,982
Capital One Multi-Asset Execution Trust,
Series 2003-A4, Class A4
3.65% due 07/15/2011		415,000		401,766

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Carmax Auto Owner Trust,
Series 2004-2, Class A4
3.46% due 09/15/2011	$	405,000	$	392,571
Chase Manhattan Auto Owner Trust,
Series 2005-B, Class A4
4.88% due 06/15/2012		700,000		697,624
Ford Credit Auto Owner Trust, Series 2005-C,
Class A4
4.36% due 06/15/2010		279,000		273,740
Harley-Davidson Motorcycle Trust,
Series 2005-1, Class A2
3.76% due 12/17/2012		405,000		396,258
Honda Auto Receivables Owner Trust,
Series 2005-1, Class A4
3.82% due 05/21/2010		606,000		590,142
M&I Auto Loan Trust, Series 2005-1, Class A4
4.86% due 03/21/2011		700,000		696,711
Massachusetts RRB Special Purpose Trust,
Series 1999-1, Class A5
7.03% due 03/15/2012		600,000		632,480
Massachusetts RRB Special Purpose Trust,
Series 2001-1, Class A
6.53% due 06/01/2015		97,156		102,120
MBNA Credit Card Master Note Trust,
Series 2001-A1, Class A
5.75% due 10/15/2008		270,000		270,693
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		33,000		34,800
Providian Gateway Master Trust,
Series 2004-DA, Class A
3.35% due 09/15/2011		405,000		394,071
USAA Auto Owner Trust, Series 2004-1, Class A4
2.67% due 10/15/2010		112,000		108,960
USAA Auto Owner Trust, Series 2005-4, Class A4
4.89% due 08/15/2012		700,000		697,589
Wachovia Auto Owner Trust,
Series 2005-B, Class A5
4.93% due 11/20/2012		700,000		698,688
WFS Financial Owner Trust,
Series 2005-2, Class A4
4.39% due 11/19/2012		290,000		286,577
World Omni Auto Receivables Trust,
Series 2005-A, Class A4
3.82% due 11/12/2011		700,000		681,165
TOTAL ASSET BACKED SECURITIES
(Cost $9,251,078)			$	9,220,999

The accompanying notes are an integral part of the financial statements. 203

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 11.80%
Bank of America Repurchase
Agreement dated 02/28/2006 at
4.50% to be repurchased at
$13,919,740 on 03/01/2006,
collaterized by $14,395,000
U.S.Treasury Bills, 0% due
06/15/2006 (valued at
$14,202,039 including interest) (c)	$	13,918,000	$	13,918,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,918,000)			$	13,918,000
Total Investments (Investment Quality Bond Fund)
(Cost $116,976,376) - 99.15%			$	116,972,191
Other Assets in Excess of Liabilities - 0.85%				996,848
TOTAL NET ASSETS - 100.00%			$	117,969,039
Large Cap Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.88%
Advertising - 1.96%
Omnicom Group, Inc.		41,775 $		3,334,481
Aerospace - 2.80%
Lockheed Martin Corp.		36,488		2,658,881
Northrop Grumman Corp.		32,865		2,106,646
				4,765,527
Auto Parts - 2.18%
BorgWarner, Inc.		17,569		979,823
Johnson Controls, Inc.		38,227		2,724,438
				3,704,261
Banking - 4.75%
Fifth Third Bancorp.		79,195		3,060,887
Wells Fargo Company		78,239		5,022,944
				8,083,831
Biotechnology - 2.40%
Cephalon, Inc. * (a)		19,003		1,510,358
Genzyme Corp. *		37,102		2,572,653
				4,083,011
Broadcasting - 0.74%
Clear Channel Communications, Inc.		16,358		462,931
Univision Communications, Inc., Class A *		23,755		794,605
				1,257,536
Building Materials & Construction - 1.96%
Masco Corp.		106,578		3,324,168
Business Services - 2.15%
Accenture, Ltd., Class A		47,870		1,563,434
Cendant Corp.		69,914		1,161,971
R.H. Donnelley Corp. *		15,324		934,764
				3,660,169

Large Cap Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable and Television - 1.02%
DIRECTV Group, Inc. *	109,609	$	1,727,438
Computers & Business Equipment - 1.11%
Dell, Inc. *	65,000		1,885,000
Crude Petroleum & Natural Gas - 1.70%
Marathon Oil Corp.	40,869		2,885,351
Drugs & Health Care - 3.42%
Wyeth	116,818		5,817,536
Electrical Utilities - 4.22%
American Electric Power Company, Inc.	39,643		1,446,970
Exelon Corp.	80,413		4,592,386
Northeast Utilities	20,600		404,172
Pepco Holdings, Inc.	30,981		736,418
			7,179,946
Energy - 1.06%
Sempra Energy	37,614		1,799,454
Financial Services - 15.61%
Citigroup, Inc.	156,034		7,235,297
Federal Home Loan Mortgage Corp.	53,545		3,608,397
JPMorgan Chase & Company	99,699		4,101,617
Mellon Financial Corp.	99,432		3,588,501
Morgan Stanley	93,713		5,590,918
PNC Financial Services Group, Inc.	34,504		2,427,356
			26,552,086
Gas & Pipeline Utilities - 0.57%
NiSource, Inc.	47,298		971,028
Healthcare Products - 3.38%
Johnson & Johnson	61,608		3,551,701
Medtronic, Inc.	20,334		1,097,020
Zimmer Holdings, Inc. *	15,784		1,091,937
			5,740,658
Healthcare Services - 5.40%
Healthsouth Corp. * (a)	116,889		570,418
Medco Health Solutions, Inc. *	38,250		2,131,290
UnitedHealth Group, Inc.	69,543		4,049,489
Wellpoint, Inc. *	31,739		2,437,238
			9,188,435
Insurance - 4.31%
Allstate Corp.	25,600		1,402,368
American International Group, Inc.	62,768		4,165,285
Hartford Financial Services Group, Inc.	21,438		1,766,062
			7,333,715
Internet Retail - 1.21%
Expedia, Inc. *	108,601		2,060,161
Internet Software - 0.97%
Symantec Corp. *	97,588		1,648,261
Leisure Time - 1.30%
Carnival Corp.	42,899		2,215,733

The accompanying notes are an integral part of the financial statements. 204

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Large Cap Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Life Sciences - 0.89%
Waters Corp. *		35,445	$	1,514,565
Liquor - 0.68%
Anheuser-Busch Companies, Inc.		27,800		1,154,812
Manufacturing - 3.44%
Harley-Davidson, Inc.		28,700		1,507,037
Illinois Tool Works, Inc.		37,124		3,186,724
Mettler-Toledo International, Inc. *		19,055		1,153,971
				5,847,732
Petroleum Services - 2.64%
Baker Hughes, Inc.		15,428		1,048,641
Exxon Mobil Corp.		26,169		1,553,654
GlobalSantaFe Corp.		34,200		1,892,628
				4,494,923
Pharmaceuticals - 3.74%
Allergan, Inc.		34,063		3,687,660
Bristol-Myers Squibb Company		49,899		1,152,667
Caremark Rx, Inc. *		30,413		1,513,047
				6,353,374
Railroads & Equipment - 1.93%
Burlington Northern Santa Fe Corp.		41,750		3,283,220
Retail Grocery - 1.33%
The Kroger Company *		112,598		2,256,464
Retail Trade - 3.38%
Costco Wholesale Corp.		73,290		3,758,311
Kohl's Corp. *		41,405		1,991,995
				5,750,306
Semiconductors - 2.67%
Analog Devices, Inc.		43,300		1,651,462
Intel Corp.		90,900		1,872,540
Xilinx, Inc.		37,491		1,022,754
				4,546,756
Software - 6.22%
Mercury Interactive Corp. *		37,024		1,314,352
Microsoft Corp.		237,289		6,383,074
Oracle Corp. *		232,585		2,888,706
				10,586,132
Telephone - 4.16%
AT&T Corp.		78,974		2,178,892
Sprint Corp.		203,627		4,893,157
				7,072,049
Trucking & Freight - 1.58%
Fedex Corp.		24,983		2,679,177
TOTAL COMMON STOCKS (Cost $154,976,179)			$	164,757,296
SHORT TERM INVESTMENTS - 1.44%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	2,128,439	$	2,128,439
United States Treasury Bill
4.245% due 07/06/2006		175,000		172,379

Large Cap Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
United States Treasury Bill (continued)
4.43% due 07/06/2006 ****	$	160,000	$	157,500
TOTAL SHORT TERM INVESTMENTS
(Cost $2,458,318)		$		2,458,318
REPURCHASE AGREEMENTS - 2.87%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$4,876433 on 03/01/2006,
collateralized by $4,965,000
Federal Home Loan Mortgage
Corp., 5.25% due 10/19/2015
(valued at $4,977,413, including
interest) (c)	$	4,876,000	$	4,876,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,876,000)		$		4,876,000
Total Investments (Large Cap Fund)
(Cost $162,310,497) - 101.19%		$		172,091,614
Liabilities in Excess of Other Assets - (1.19)%				(2,020,734)
TOTAL NET ASSETS - 100.00%		$		170,070,880
Large Cap Value Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.72%
Aerospace - 2.92%
Lockheed Martin Corp.		6,520 $		475,112
Northrop Grumman Corp.		34,000		2,179,400
Raytheon Company		46,000		1,996,400
				4,650,912
Agriculture - 0.82%
Archer-Daniels-Midland Company		41,000		1,300,520
Apparel & Textiles - 0.44%
Polo Ralph Lauren Corp., Class A		12,000		695,520
Auto Services - 0.35%
AutoNation, Inc. *		27,000		564,570
Automobiles - 0.16%
Ford Motor Company (a)		31,720		252,808
Banking - 2.30%
Bank of America Corp.		45,000		2,063,250
Comerica, Inc.		28,000		1,604,960
				3,668,210
Business Services - 1.98%
Cadence Design Systems, Inc. *		51,000		905,250
Computer Sciences Corp. *		33,000		1,793,220
NCR Corp. *		11,454		459,191
				3,157,661
Cellular Communications - 1.15%
Motorola, Inc.		86,000		1,840,400

The accompanying notes are an integral part of the financial statements. 205

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Large Cap Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals - 0.31%
Eastman Chemical Company	9,868	$	486,788
Computers & Business Equipment - 2.97%
Apple Computer, Inc. *	8,282		567,648
Hewlett-Packard Company	122,000		4,002,820
Sybase, Inc. *	7,577		161,618
			4,732,086
Crude Petroleum & Natural Gas - 9.29%
Amerada Hess Corp.	13,000		1,798,030
Apache Corp.	30,000		2,007,600
Burlington Resources, Inc.	12,000		1,082,160
ChevronTexaco Corp.	23,000		1,299,040
Devon Energy Corp.	37,000		2,169,310
Marathon Oil Corp.	32,000		2,259,200
Occidental Petroleum Corp.	28,000		2,563,120
Sunoco, Inc.	22,000		1,630,200
			14,808,660
Electrical Utilities - 1.44%
Edison International	41,000		1,818,760
TXU Corp.	9,162		479,997
			2,298,757
Electronics - 4.23%
Agilent Technologies, Inc. *	25,000		900,000
Sanmina-SCI Corp. *	380,000		1,466,800
Solectron Corp. *	437,000		1,577,570
Synopsys, Inc. *	72,000		1,574,640
Teleflex, Inc.	19,000		1,228,350
			6,747,360
Financial Services - 13.23%
CIT Group, Inc.	33,000		1,774,410
Citigroup, Inc.	62,000		2,874,940
Countrywide Financial Corp.	54,000		1,861,920
E*TRADE Financial Corp. *	53,000		1,355,740
Goldman Sachs Group, Inc.	20,000		2,825,800
JPMorgan Chase & Company	115,000		4,731,100
Lehman Brothers Holdings, Inc.	18,000		2,627,100
Morgan Stanley	51,000		3,042,660
			21,093,670
Funeral Services - 0.47%
Service Corp. International	94,000		747,300
Healthcare Products - 0.15%
Becton, Dickinson & Company	3,876		247,483
Healthcare Services - 4.12%
Cardinal Health, Inc.	26,000		1,887,600
HCA, Inc.	7,225		346,078
Humana, Inc. *	31,000		1,601,770
McKesson Corp.	10,926		591,424
Wellpoint, Inc. *	28,000		2,150,120
			6,576,992

Large Cap Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders - 0.76%
Beazer Homes USA, Inc. (a)	13,000	$	824,850
Ryland Group, Inc.	5,639		393,320
			1,218,170
Industrial Machinery - 1.02%
Cummins, Inc. (a)	15,000		1,624,200
Insurance - 13.68%
Aetna, Inc.	36,000		1,836,000
American Financial Group, Inc.	1,586		65,661
Aon Corp.	7,000		277,270
Chubb Corp.	6,520		624,290
CIGNA Corp.	16,000		1,964,000
Hartford Financial Services Group, Inc.	23,000		1,894,740
Lincoln National Corp.	32,000		1,816,640
MetLife, Inc.	13,569		680,078
MGIC Investment Corp.	28,000		1,785,000
PMI Group, Inc.	39,000		1,688,700
Principal Financial Group, Inc.	36,000		1,753,920
Prudential Financial, Inc.	33,000		2,542,320
SAFECO Corp.	28,000		1,442,280
St. Paul Travelers Companies, Inc.	46,000		1,977,080
UnumProvident Corp.	71,000		1,468,990
			21,816,969
International Oil - 4.71%
Anadarko Petroleum Corp.	22,000		2,181,520
ConocoPhillips	57,000		3,474,720
Kerr-McGee Corp.	19,000		1,856,300
			7,512,540
Internet Software - 1.16%
Checkfree Corp. *	30,000		1,483,800
McAfee, Inc. *	15,507		360,693
			1,844,493
Leisure Time - 1.67%
Walt Disney Company	95,000		2,659,050
Manufacturing - 1.40%
Rockwell Automation, Inc.	8,282		564,584
SPX Corp.	34,000		1,674,500
			2,239,084
Metal & Metal Products - 0.07%
Precision Castparts Corp.	2,114		112,127
Mining - 0.95%
Phelps Dodge Corp.	11,000		1,518,000
Paper - 0.96%
MeadWestvaco Corp.	55,000		1,530,100
Petroleum Services - 9.28%
Exxon Mobil Corp.	184,000		10,924,080
Tesoro Petroleum Corp. (a)	24,000		1,449,840
Valero Energy Corp.	45,000		2,420,550
			14,794,470

The accompanying notes are an integral part of the financial statements. 206

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Large Cap Value Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 5.04%
AmerisourceBergen Corp.		14,450	$	664,555
Caremark Rx, Inc. *		10,926		543,569
Merck & Company, Inc.		88,000		3,067,680
Pfizer, Inc.		85,469		2,238,433
Watson Pharmaceuticals, Inc. *		51,000		1,528,980
				8,043,217
Publishing - 0.51%
American Greetings Corp., Class A		39,000		818,220
Railroads & Equipment - 1.32%
Norfolk Southern Corp.		41,000		2,098,380
Retail Grocery - 1.07%
Safeway, Inc.		70,000		1,701,700
Retail Trade - 2.44%
Circuit City Stores, Inc.		67,000		1,610,010
J.C. Penney Company, Inc.		31,000		1,817,840
Nordstrom, Inc.		12,159		462,042
				3,889,892
Semiconductors - 0.44%
Advanced Micro Devices, Inc. *		16,000		618,720
Intersil Corp., Class A		3,172		89,894
				708,614
Software - 2.60%
Autodesk, Inc. *		7,930		298,565
BMC Software, Inc. *		12,335		269,766
CA, Inc.		16,000		434,560
Compuware Corp. *		175,000		1,436,750
Novell, Inc. *		179,800		1,709,898
				4,149,539
Steel - 1.24%
Nucor Corp.		23,000		1,979,150
Telephone - 1.15%
Qwest Communications International, Inc. * (a)		290,000		1,832,800
Toys, Amusements & Sporting Goods - 0.95%
Hasbro, Inc.		75,000		1,521,750
Travel Services - 0.97%
Sabre Holdings Corp.		64,000		1,544,320
TOTAL COMMON STOCKS (Cost $147,811,304)			$	159,026,482
SHORT TERM INVESTMENTS - 3.84%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	6,127,940	$	6,127,940
TOTAL SHORT TERM INVESTMENTS
(Cost $6,127,940)			$	6,127,940

Large Cap Value Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.17%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$280,025 on 03/01/2006,
collateralized by $305,000 Federal
National Mortgage Association,
5.5% due 7/14/2028 (valued at
$286,362 including interest) (c)	$	280,000	$	280,000
TOTAL REPURCHASE AGREEMENTS
(Cost $280,000)			$	280,000
Total Investments (Large Cap Value Fund)
(Cost $154,219,244) - 103.73%			$	165,434,422
Liabilities in Excess of Other Assets - (3.73)%				(5,955,678)
TOTAL NET ASSETS - 100.00%			$	159,478,744
Mid Cap Core Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 81.00%
Auto Parts - 1.04%
Genuine Parts Company		82,707	$	3,682,116
Banking - 3.29%
Investors Financial Services Corp. (a)		78,136		3,524,715
Marshall & Ilsley Corp. (a)		68,681		3,021,964
North Fork Bancorporation, Inc. (a)		131,555		3,359,915
SVB Financial Group *		35,039		1,786,638
				11,693,232
Broadcasting - 1.46%
Belo Corp., Class A		245,283		5,209,811
Building Materials & Construction - 1.56%
Masco Corp.		178,058		5,553,629
Business Services - 8.12%
Cadence Design Systems, Inc. *		210,012		3,727,713
Fair Isaac Corp. (a)		76,716		3,269,636
H & R Block, Inc.		288,879		6,442,001
Pitney Bowes, Inc.		79,631		3,403,429
Rentokil Initial PLC		1,796,420		4,954,540
Reynolds & Reynolds Company, Class A		141,484		3,919,107
The ServiceMaster Company (a)		252,342		3,159,322
				28,875,748
Chemicals - 4.38%
Rohm & Haas Company (a)		95,171		4,734,757
Sigma-Aldrich Corp. (a)		111,583		7,187,061
Techne Corp. * (a)		61,726		3,670,845
				15,592,663
Coal - 0.68%
Massey Energy Company (a)		65,496		2,436,451
Colleges & Universities - 0.41%
Apollo Group, Inc., Class A *		29,600		1,461,648

The accompanying notes are an integral part of the financial statements. 207

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Core Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment - 3.50%
GTECH Holdings Corp.	129,430	$	4,320,373
Xerox Corp. *	545,549		8,128,680
			12,449,053
Construction Materials - 1.07%
Sherwin-Williams Company (a)	83,224		3,790,853
Containers & Glass - 2.08%
Ball Corp.	85,085		3,624,621
Pactiv Corp. *	164,238		3,765,977
			7,390,598
Cosmetics & Toiletries - 5.16%
Avon Products, Inc.	190,349		5,491,568
Estee Lauder Companies, Inc., Class A (a)	191,588		7,169,223
International Flavors & Fragrances, Inc.	164,457		5,695,146
			18,355,937
Crude Petroleum & Natural Gas - 1.05%
Newfield Exploration Company *	51,109		1,975,363
Sunoco, Inc.	23,864		1,768,322
			3,743,685
Drugs & Health Care - 0.51%
ImClone Systems, Inc. * (a)	47,600		1,827,364
Electrical Utilities - 1.18%
Wisconsin Energy Corp.	102,932		4,206,831
Food & Beverages - 1.94%
Cadbury Schweppes PLC	676,967		6,886,528
Funeral Services - 1.51%
Service Corp. International	676,660		5,379,447
Gas & Pipeline Utilities - 0.97%
UGI Corp.	47,674		1,070,281
Williams Companies, Inc.	110,036		2,373,477
			3,443,758
Healthcare Products - 1.01%
Biomet, Inc.	98,489		3,585,000
Holdings Companies/Conglomerates - 1.00%
Groupe Bruxelles Lambert SA	32,356		3,554,519
Hotels & Restaurants - 0.97%
Outback Steakhouse, Inc. (a)	82,697		3,457,562
Industrial Machinery - 5.86%
Briggs & Stratton Corp. (a)	157,926		5,603,214
Dover Corp.	94,320		4,521,701
FMC Technologies, Inc. *	69,743		3,272,342
Pall Corp.	182,386		5,365,796
Parker-Hannifin Corp. (a)	26,760		2,091,829
			20,854,882
Insurance - 6.88%
ACE, Ltd.	95,258		5,308,728
Axis Capital Holdings, Ltd. (a)	142,168		4,401,521
Genworth Financial, Inc.	108,547		3,453,966
Marsh & McLennan Companies, Inc.	155,015		4,791,514

Mid Cap Core Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Montpelier Re Holdings, Ltd. (a)	90,088 $		1,553,117
XL Capital, Ltd., Class A (a)	73,285		4,950,402
			24,459,248
International Oil - 0.71%
Noble Corp.	33,932		2,507,914
Life Sciences - 3.29%
PerkinElmer, Inc.	254,103		6,045,110
Waters Corp. *	132,516		5,662,409
			11,707,519
Liquor - 2.08%
Heineken NV	196,635		7,407,619
Manufacturing - 1.64%
Mettler-Toledo International, Inc. *	96,428		5,839,680
Petroleum Services - 0.88%
Smith International, Inc.	80,585		3,121,057
Pharmaceuticals - 1.64%
Forest Laboratories, Inc. *	127,190		5,838,021
Pollution Control - 1.14%
Republic Services, Inc.	104,117		4,047,028
Publishing - 1.20%
McGraw-Hill Companies, Inc.	80,328		4,264,613
Retail Grocery - 1.33%
The Kroger Company *	236,864		4,746,755
Retail Trade - 3.47%
99 Cents Only Stores * (a)	180,363		2,052,531
Bed Bath & Beyond, Inc. *	99,324		3,579,637
Gap, Inc.	103,719		1,922,950
Kohl's Corp. *	58,061		2,793,315
Tuesday Morning Corp. (a)	90,288		1,987,239
			12,335,672
Semiconductors - 2.99%
Analog Devices, Inc.	136,952		5,223,349
Microchip Technology, Inc. (a)	56,135		1,975,952
Xilinx, Inc.	125,380		3,420,367
			10,619,668
Software - 0.97%
CA, Inc. (a)	127,649		3,466,947
Steel - 1.02%
Tenaris SA, ADR (a)	22,578		3,615,867
Telecommunications Equipment &
Services - 1.13%
SK Telecom Company, Ltd., ADR	165,705		4,001,776
Toys, Amusements & Sporting Goods - 0.65%
Nintendo Company, Ltd.	15,487		2,307,641
Travel Services - 1.23%
Sabre Holdings Corp.	180,755		4,361,618
TOTAL COMMON STOCKS (Cost $269,912,107)		$	288,079,958

The accompanying notes are an integral part of the financial statements. 208

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Core Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 14.50%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	51,567,685	$	51,567,685
TOTAL SHORT TERM INVESTMENTS
(Cost $51,567,685)			$	51,567,685
REPURCHASE AGREEMENTS - 19.13%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
4.25% to be repurchased at
$68,033,031 on 03/01/2006,
collateralized by $42,060,000
Federal Home Loan Bank, zero
coupon due 9/17/2010 and
$27,725,000 Federal National
Mortgage Association, 4.25% due
5/15/2009 (valued at $69,389,554,
including interest) (c)	$	68,025,000	$	68,025,000
TOTAL REPURCHASE AGREEMENTS
(Cost $68,025,000)			$	68,025,000
Total Investments (Mid Cap Core Fund)
(Cost $389,504,792) - 114.63%			$	407,672,643
Liabilities in Excess of Other Assets - (14.63)%				(52,022,210)
TOTAL NET ASSETS - 100.00%			$	355,650,433
Mid Cap Index Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.29%
Aerospace - 0.44%
Alliant Techsystems, Inc. *		1,916	$	146,421
DRS Technologies, Inc.		2,035		107,387
Sequa Corp., Class A *		335		28,445
				282,253
Air Travel - 0.34%
Airtran Holdings, Inc. *		4,590		81,610
Alaska Air Group, Inc. *		1,443		46,248
JetBlue Airways Corp. *		7,885		89,889
				217,747
Apparel & Textiles - 0.82%
Mohawk Industries, Inc. *		2,762		238,941
Polo Ralph Lauren Corp., Class A		3,178		184,197
Timberland Company, Class A *		2,868		100,523
				523,661
Auto Parts - 1.13%
Arvinmeritor, Inc.		3,675		61,519
BorgWarner, Inc.		2,980		166,195
Federal Signal Corp.		2,514		45,026
Gentex Corp.		8,122		135,313
Lear Corp.		3,511		73,239
Modine Manufacturing Company		1,801		50,518

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts (continued)
O'Reilly Automotive, Inc. *	5,858	$	191,674
			723,484
Auto Services - 0.33%
ADESA, Inc.	4,682		117,050
Copart, Inc. *	3,642		94,109
			211,159
Banking - 4.95%
Associated Banc-Corp.	7,133		245,875
Astoria Financial Corp.	4,617		132,369
Bank of Hawaii Corp.	2,682		143,219
Cathay General Bancorp, Inc.	2,622		93,422
City National Corp.	2,173		165,061
Colonial Bancgroup, Inc.	8,060		202,387
Commerce Bancorp, Inc.	9,077		301,084
Cullen Frost Bankers, Inc.	2,467		135,981
FirstMerit Corp.	4,345		107,495
Greater Bay Bancorp	2,638		70,962
Independence Community Bank Corp.	3,858		158,101
Investors Financial Services Corp.	3,397		153,239
Mercantile Bankshares Corp.	6,435		245,817
New York Community Bancorp, Inc.	12,379		208,834
SVB Financial Group *	1,855		94,586
TCF Financial Corp.	5,942		150,689
Texas Regional Bancshares, Inc., Class A	2,156		66,577
Washington Federal, Inc.	4,545		107,535
Webster Financial Corp.	2,813		132,633
Westamerica Bancorporation	1,678		91,015
Wilmington Trust Corp.	3,545		151,761
			3,158,642
Biotechnology - 1.52%
Affymetrix, Inc. *	3,468		123,149
Cephalon, Inc. *	3,036		241,301
Charles River Laboratories International, Inc. *	3,780		182,763
Invitrogen Corp. *	2,763		195,979
Martek Biosciences Corp. *	1,658		56,505
Millennium Pharmaceuticals, Inc. *	16,227		170,059
			969,756
Broadcasting - 0.36%
Belo Corp., Class A	4,948		105,096
Emmis Communications Corp., Class A *	1,927		31,545
Entercom Communications Corp. *	1,993		56,143
Westwood One, Inc.	3,429		38,233
			231,017
Building Materials & Construction - 0.24%
Dycom Industries, Inc. *	2,099		44,814
RPM International, Inc.	6,154		111,018
			155,832
Business Services - 5.37%
Acxiom Corp.	3,959		102,459
Alliance Data Systems Corp. *	3,583		155,001

The accompanying notes are an integral part of the financial statements. 209

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Banta Corp.	1,253	$	61,034
Brinks Company	3,070		150,338
Cadence Design Systems, Inc. *	14,829		263,215
Catalina Marketing Corp.	2,058		45,646
Ceridian Corp. *	7,593		196,355
ChoicePoint, Inc. *	4,688		208,147
Corporate Executive Board Company	2,066		206,600
CSG Systems International, Inc. *	2,541		55,851
Deluxe Corp.	2,650		65,640
DST Systems, Inc. *	3,294		185,222
Dun & Bradstreet Corp. *	3,470		252,408
Fair Isaac Corp.	3,417		145,632
Gartner Group, Inc., Class A *	3,026		42,606
Harte-Hanks, Inc.	2,968		83,134
Jacobs Engineering Group, Inc. *	3,041		260,735
Kelly Services, Inc., Class A	1,010		27,260
Korn/Ferry International *	2,203		46,373
Manpower, Inc.	4,565		244,867
MPS Group, Inc. *	5,287		80,045
Navigant Consulting Company *	2,640		51,454
Reynolds & Reynolds Company, Class A	2,673		74,042
Rollins, Inc.	1,535		29,733
Sotheby's Holdings, Inc., Class A *	2,343		49,484
SRA International, Inc., Class A *	1,943		67,072
Tech Data Corp. *	2,951		122,555
The BISYS Group, Inc. *	6,315		89,105
Wind River Systems, Inc. *	3,907		60,441
			3,422,454
Cellular Communications - 0.42%
RF Micro Devices, Inc. *	9,882		66,506
Telephone & Data Systems, Inc.	5,364		200,614
			267,120
Chemicals - 2.63%
Airgas, Inc.	3,502		127,438
Albemarle Corp.	1,998		84,815
Cabot Corp.	3,242		120,019
Cabot Microelectronics Corp. *	1,270		43,332
Chemtura Corp.	12,539		138,932
Cytec Industries, Inc.	2,073		110,574
Ferro Corp.	2,190		43,975
FMC Corp. *	1,985		120,708
Lubrizol Corp.	3,555		153,789
Lyondell Chemical Company	10,712		224,095
Minerals Technologies, Inc.	1,050		56,207
Olin Corp.	3,749		78,766
Techne Corp. *	2,032		120,843
The Scotts Company, Class A	2,359		112,973
Valspar Corp.	5,293		139,894
			1,676,360
Coal - 1.47%
Arch Coal, Inc.	3,722		272,115

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Coal (continued)
Peabody Energy Corp.	13,746	$	663,520
			935,635
Colleges & Universities - 0.67%
Career Education Corp. *	5,121		168,173
Corinthian Colleges, Inc. *	4,778		61,923
DeVry, Inc. *	3,060		71,849
ITT Educational Services, Inc. *	1,985		123,070
			425,015
Computers & Business Equipment - 3.86%
3Com Corp. *	20,227		94,056
Anteon International Corp. *	1,710		94,546
CDW Corp.	3,282		186,615
Cognizant Technology Solutions Corp.,
Class A *	7,223		416,117
Diebold, Inc.	3,624		144,960
GTECH Holdings Corp.	6,538		218,238
Henry, Jack & Associates, Inc.	3,911		86,081
Ingram Micro, Inc., Class A *	6,059		119,847
National Instruments Corp.	2,896		93,975
Plexus Corp. *	2,277		76,416
Sandisk Corp. *	9,624		580,712
Sybase, Inc. *	4,762		101,573
Western Digital Corp. *	11,275		250,869
			2,464,005
Construction Materials - 0.68%
Granite Construction, Inc.	1,722		79,815
Martin Marietta Materials, Inc.	2,423		236,242
Trinity Industries, Inc.	2,279		120,787
			436,844
Containers & Glass - 0.46%
Longview Fibre Company	2,670		50,249
Packaging Corp. of America	3,278		74,771
Sonoco Products Company	5,180		169,490
			294,510
Crude Petroleum & Natural Gas - 2.22%
Helmerich & Payne, Inc.	2,719		178,829
Newfield Exploration Company *	6,651		257,061
Patterson-UTI Energy, Inc.	9,032		248,831
Pioneer Natural Resources Company	6,718		282,761
Plains Exploration & Production Company *	4,098		166,993
Pogo Producing Company	3,131		156,112
Quicksilver Resources, Inc. *	3,494		126,902
			1,417,489
Domestic Oil - 1.09%
Denbury Resources, Inc. *	5,988		169,760
Forest Oil Corp. *	2,856		141,800
Noble Energy, Inc.	9,144		384,414
			695,974
Drugs & Health Care - 0.63%
Hillenbrand Industries, Inc.	3,194		162,383

The accompanying notes are an integral part of the financial statements. 210

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Drugs & Health Care (continued)
Intuitive Surgical, Inc. *	1,854	$	167,231
Perrigo Company	4,346		69,058
			398,672
Educational Services - 0.42%
Education Management Corp. *	3,496		131,449
Laureate Education, Inc. *	2,601		134,680
			266,129
Electrical Equipment - 0.58%
AMETEK, Inc.	3,669		157,180
Hubbell, Inc., Class B	3,172		147,403
Varian, Inc. *	1,627		64,917
			369,500
Electrical Utilities - 3.76%
Alliant Corp.	6,107		202,142
Black Hills Corp.	1,732		59,875
DPL, Inc.	6,666		179,449
Duquesne Light Holdings, Inc.	4,076		70,719
Great Plains Energy, Inc.	3,904		110,874
Hawaiian Electric Industries, Inc.	4,232		113,121
IDACORP, Inc.	2,212		72,863
Northeast Utilities	7,844		153,899
NSTAR	5,583		163,917
OGE Energy Corp.	4,734		136,102
Pepco Holdings, Inc.	9,887		235,014
PNM Resources, Inc.	3,594		88,951
Puget Energy, Inc.	6,035		130,115
Quanta Services, Inc. *	6,168		84,440
Sierra Pacific Resources *	9,588		136,533
Westar Energy, Inc.	4,534		97,572
Wisconsin Energy Corp.	6,115		249,920
WPS Resources Corp.	2,091		109,882
			2,395,388
Electronics - 2.43%
Amphenol Corp., Class A	4,646		233,369
Arrow Electronics, Inc. *	6,250		217,437
Avnet, Inc. *	7,627		191,667
Imation Corp.	1,793		78,623
Kemet Corp. *	4,532		40,380
Mentor Graphics Corp. *	4,139		46,481
Synopsys, Inc. *	7,543		164,965
Teleflex, Inc.	2,117		136,864
Thomas & Betts Corp. *	2,768		136,186
Vishay Intertechnology, Inc. *	9,624		139,740
Zebra Technologies Corp., Class A *	3,677		162,303
			1,548,015
Energy - 1.59%
Energy East Corp.	7,720		193,463
Hanover Compressor Company *	4,800		73,344
MDU Resources Group, Inc.	6,265		220,841
SCANA Corp.	5,984		244,028

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Southwestern Energy Company *	8,713	$	279,600
			1,011,276
Financial Services - 4.00%
A.G. Edwards, Inc.	4,009		179,202
Americredit Corp. *	7,204		212,518
Eaton Vance Corp.	6,823		192,272
Fidelity National Information Services Inc *	3,247		128,744
IndyMac Bancorp, Inc.	3,355		130,241
Jefferies Group, Inc.	2,581		147,220
Legg Mason, Inc.	6,368		831,597
Leucadia National Corp.	4,294		232,949
Moneygram International, Inc.	4,452		127,639
Raymond James Financial, Inc.	2,974		127,823
SEI Investment Company	3,320		138,743
Waddell & Reed Financial, Inc., Class A	4,377		101,940
			2,550,888
Food & Beverages - 1.36%
Bob Evans Farms, Inc.	1,872		54,606
Dean Foods Company *	7,036		263,639
Hormel Foods Corp.	3,815		131,350
PepsiAmericas, Inc.	3,213		76,855
Sensient Technologies Corp.	2,460		44,083
Smithfield Foods, Inc. *	5,168		136,590
The J.M. Smucker Company	3,051		120,576
Tootsie Roll Industries, Inc.	1,315		37,162
			864,861
Forest Products - 0.27%
Rayonier, Inc.	3,965		170,892
Furniture & Fixtures - 0.10%
Furniture Brands International, Inc.	2,658		65,706
Gas & Pipeline Utilities - 2.20%
AGL Resources, Inc.	4,059		145,718
Aquila, Inc. *	19,518		76,120
Equitable Resources, Inc.	6,318		229,722
National Fuel Gas Company	4,415		142,958
ONEOK, Inc.	5,100		156,009
Questar Corp.	4,458		326,549
Vectren Corp.	3,977		104,834
Western Gas Resources, Inc.	3,003		142,072
WGL Holdings, Inc.	2,545		78,386
			1,402,368
Healthcare Products - 2.92%
Advanced Medical Optics, Inc. *	3,487		155,102
Beckman Coulter, Inc.	3,248		175,230
Cytyc Corp. *	5,956		171,711
DENTSPLY International, Inc.	4,110		234,229
Edwards Lifesciences Corp. *	3,122		129,095
Gen-Probe, Inc. *	2,657		132,744
Henry Schein, Inc. *	4,556		212,537
INAMED Corp. *	1,900		168,017

The accompanying notes are an integral part of the financial statements. 211

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
STERIS Corp.	3,573	$	88,503
Varian Medical Systems, Inc. *	6,876		397,983
			1,865,151
Healthcare Services - 2.02%
Apria Healthcare Group, Inc. *	2,591		59,567
Covance, Inc. *	3,270		184,591
Health Net, Inc. *	5,985		286,981
Lincare Holdings, Inc. *	5,083		207,895
Omnicare, Inc.	6,241		379,765
Renal Care Group, Inc. *	3,572		170,420
			1,289,219
Homebuilders - 1.10%
Beazer Homes USA, Inc.	2,153		136,608
Hovnanian Enterprises, Inc., Class A *	1,872		86,318
M.D.C. Holdings, Inc.	1,714		105,051
Ryland Group, Inc.	2,444		170,469
Toll Brothers, Inc. *	6,185		200,146
			698,592
Hotels & Restaurants - 1.37%
Applebee's International, Inc.	3,987		92,259
Boyd Gaming Corp.	2,285		99,923
Brinker International, Inc.	4,495		187,217
CBRL Group, Inc.	2,444		108,587
Outback Steakhouse, Inc.	3,434		143,575
Ruby Tuesday, Inc.	3,272		93,416
The Cheesecake Factory, Inc. *	4,105		148,437
			873,414
Household Products - 0.62%
Blyth, Inc.	1,393		31,036
Church & Dwight, Inc.	3,362		116,090
Energizer Holdings, Inc. *	3,414		186,507
Tupperware Corp.	2,792		59,162
			392,795
Industrial Machinery - 2.09%
AGCO Corp. *	4,731		92,491
Cooper Cameron Corp. *	5,928		240,084
Donaldson Company, Inc.	3,567		123,632
Flowserve Corp. *	2,889		148,495
FMC Technologies, Inc. *	3,599		168,865
Graco, Inc.	3,583		149,304
Grant Prideco, Inc. *	6,721		271,999
Kennametal, Inc.	2,015		117,837
Tecumseh Products Company, Class A	966		21,841
			1,334,548
Industrials - 0.88%
Crane Company	2,607		100,344
Fastenal Company	6,474		284,273
Harsco Corp.	2,182		174,080
			558,697

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance - 5.45%
American Financial Group, Inc.	2,432	$	100,685
Amerus Group Company	2,020		121,705
Arthur J. Gallagher & Company	4,976		146,742
Brown & Brown, Inc.	5,813		181,773
Everest Re Group, Ltd.	3,234		320,295
Fidelity National Financial, Inc.	9,070		342,483
First American Corp.	5,003		210,926
Hanover Insurance Group, Inc.	2,807		135,999
HCC Insurance Holdings, Inc.	5,530		178,011
Horace Mann Educators Corp.	2,246		41,888
Mercury General Corp.	1,855		103,695
Ohio Casualty Corp.	3,325		101,778
Old Republic International Corp.	11,971		254,863
PMI Group, Inc.	4,681		202,687
Protective Life Corp.	3,643		177,596
Radian Group, Inc.	4,340		246,295
Stancorp Financial Group, Inc.	2,853		154,347
Unitrin, Inc.	2,376		114,880
W.R. Berkley Corp.	5,862		339,351
			3,475,999
Internet Service Provider - 0.13%
Avocent Corp. *	2,557		85,429
Internet Software - 0.99%
Checkfree Corp. *	4,739		234,391
F5 Networks, Inc. *	2,061		139,777
McAfee, Inc. *	8,769		203,967
RSA Security, Inc. *	3,710		54,463
			632,598
Leisure Time - 0.23%
Callaway Golf Company	3,437		56,676
International Speedway Corp., Class A	1,840		87,143
			143,819
Life Sciences - 0.29%
Pharmaceutical Product Development, Inc. *	2,625		182,674
Manufacturing - 1.10%
Carlisle Companies, Inc.	1,594		125,289
Lancaster Colony Corp.	1,331		53,426
Mine Safety Appliances Company	1,378		54,913
Nordson Corp.	1,707		85,214
Pentair, Inc.	5,289		212,353
SPX Corp.	3,440		169,420
			700,615
Medical-Hospitals - 1.14%
Community Health Systems, Inc. *	4,627		175,456
Lifepoint Hospitals, Inc. *	2,984		92,683
Triad Hospitals, Inc. *	4,502		193,856
Universal Health Services, Inc., Class B	2,853		143,306
VCA Antech, Inc. *	4,319		120,716
			726,017

The accompanying notes are an integral part of the financial statements. 212

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 0.77%
Precision Castparts Corp.	6,945	$	368,363
Timken Company	4,349		124,729
			493,092
Mining - 0.51%
Joy Global, Inc.	6,352		327,509
Mobile Homes - 0.13%
Thor Industries, Inc.	1,807		85,290
Newspapers - 0.49%
Lee Enterprises, Inc.	2,377		83,076
Washington Post Company, Class B	306		230,189
			313,265
Office Furnishings & Supplies - 0.43%
Herman Miller, Inc.	3,609		108,956
HNI Corp.	2,863		166,884
			275,840
Paper - 0.27%
Bowater, Inc.	2,923		76,057
P.H. Glatfelter Company	2,303		37,861
Potlatch Corp. *	1,526		55,607
			169,525
Petroleum Services - 1.86%
ENSCO International, Inc.	8,011		358,012
Pride International, Inc. *	8,282		256,494
Smith International, Inc.	10,474		405,658
Tidewater, Inc.	3,162		165,214
			1,185,378
Pharmaceuticals - 1.95%
Barr Pharmaceuticals, Inc. *	5,624		377,820
Par Pharmaceutical Companies, Inc. *	1,790		53,235
PDL BioPharma, Inc. *	5,898		184,666
Sepracor, Inc. *	5,545		317,784
Valeant Pharmaceuticals International	4,842		86,285
Vertex Pharmaceuticals, Inc. *	5,181		224,026
			1,243,816
Pollution Control - 0.61%
Republic Services, Inc.	6,381		248,029
Stericycle, Inc. *	2,306		139,398
			387,427
Publishing - 0.53%
American Greetings Corp., Class A	3,435		72,066
Media General, Inc., Class A	1,257		62,976
Readers Digest Association, Inc., Class A	5,150		78,228
Scholastic Corp. *	1,864		54,839
Valassis Communications, Inc. *	2,487		68,517
			336,626
Railroads & Equipment - 0.16%
GATX Corp.	2,645		105,007
Real Estate - 3.32%
AMB Property Corp., REIT	4,467		239,655

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Developers Diversified Realty Corp., REIT	5,690	$	285,581
Highwoods Properties, Inc., REIT	2,824		91,357
Hospitality Properties Trust, REIT	3,759		167,276
Liberty Property Trust, REIT	4,612		206,525
Mack-California Realty Corp., REIT	3,235		145,252
New Plan Realty Trust, Inc., REIT	5,448		136,472
Regency Centers Corp., REIT	3,548		228,846
The Macerich Company, REIT	3,628		261,397
United Dominion Realty Trust, Inc., REIT	7,171		191,824
Weingarten Realty Investors, REIT	4,201		165,435
			2,119,620
Retail Grocery - 0.07%
Ruddick Corp.	1,819		43,983
Retail Trade - 6.82%
99 Cents Only Stores *	2,508		28,541
Abercrombie & Fitch Company, Class A	4,581		308,393
Advance Auto Parts, Inc. *	5,654		233,793
Aeropostale, Inc. *	2,841		81,508
American Eagle Outfitters, Inc.	6,876		174,925
AnnTaylor Stores Corp. *	3,800		137,940
Barnes & Noble, Inc.	2,751		118,486
BJ's Wholesale Club, Inc. *	3,535		111,918
Borders Group, Inc.	3,490		84,214
CarMax, Inc. *	5,472		171,930
Chico's FAS, Inc. *	9,460		445,093
Claire's Stores, Inc.	5,194		166,416
Dollar Tree Stores, Inc. *	5,561		152,483
Foot Locker, Inc.	8,157		188,508
GameStop Corp., Class A *	2,986		119,530
Michael's Stores, Inc.	6,987		224,283
MSC Industrial Direct Company, Inc., Class A	2,820		133,583
Pacific Sunwear of California, Inc. *	3,877		92,311
Payless ShoeSource, Inc. *	3,586		84,988
PETsMART, Inc.	7,338		190,495
Pier 1 Imports, Inc.	4,532		47,722
Regis Corp.	2,366		90,570
Rent-A-Center, Inc. *	3,710		86,591
Ross Stores, Inc.	7,555		213,958
Saks, Inc. *	7,265		137,309
United Rentals, Inc. *	3,499		114,067
Urban Outfitters, Inc. *	5,768		162,081
Williams-Sonoma, Inc. *	6,033		244,276
			4,345,912
Sanitary Services - 0.30%
Aqua America, Inc.	6,726		193,305
Semiconductors - 3.60%
Atmel Corp. *	22,228		101,137
Credence Systems Corp. *	5,197		45,006
Cree, Inc. *	3,967		118,812
Cypress Semiconductor Corp. *	7,075		125,652
Fairchild Semiconductor International, Inc. *	6,278		109,112

The accompanying notes are an integral part of the financial statements. 213

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Integrated Device Technology, Inc. *	10,435	$	154,960
International Rectifier Corp. *	3,700		137,270
Intersil Corp., Class A	8,075		228,846
Lam Research Corp. *	7,108		306,355
Lattice Semiconductor Corp. *	5,939		27,022
MEMC Electronic Materials, Inc. *	8,633		289,119
Micrel, Inc. *	3,411		47,652
Microchip Technology, Inc.	10,986		386,707
Semtech Corp. *	3,808		71,514
Silicon Laboratories, Inc. *	2,343		112,417
Triquint Semiconductor, Inc. *	7,318		34,687
			2,296,268
Software - 0.56%
Activision, Inc. *	14,306		178,825
Advent Software, Inc. *	841		23,380
Macrovision Corp. *	2,661		53,779
McDATA Corp., Class A *	7,996		35,342
Transaction Systems Architects, Inc., Class A *	1,943		64,818
			356,144
Steel - 0.26%
Steel Dynamics, Inc.	2,005		92,230
Worthington Industries, Inc.	3,734		73,186
			165,416
Telecommunications Equipment &
Services - 0.79%
ADTRAN, Inc.	3,540		97,421
Commscope, Inc. *	2,875		68,971
Newport Corp. *	2,088		37,041
Plantronics, Inc.	2,477		85,605
Polycom, Inc. *	4,917		95,488
Powerwave Technologies, Inc. *	5,781		84,865
UTStarcom, Inc. *	5,494		34,338
			503,729
Telephone - 0.58%
Cincinnati Bell, Inc. *	12,867		52,626
Harris Corp.	6,992		319,395
			372,021
Tires & Rubber - 0.04%
Bandag, Inc.	612		26,175
Tobacco - 0.09%
Universal Corp.	1,344		54,661
Transportation - 1.61%
Alexander & Baldwin, Inc.	2,294		111,787
C.H. Robinson Worldwide, Inc.	8,934		400,422
Expeditors International of Washington, Inc.	5,574		433,601
Overseas Shipholding Group, Inc.	1,546		78,181
			1,023,991
Trucking & Freight - 0.87%
CNF, Inc.	2,728		136,891
J.B. Hunt Transport Services, Inc.	6,467		153,009

Mid Cap Index Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Trucking & Freight (continued)
Swift Transportation, Inc. *		2,740	$	65,322
Werner Enterprises, Inc.		2,697		52,403
YRC Worldwide, Inc. *		3,036		145,242
				552,867
TOTAL COMMON STOCKS (Cost $53,164,406)			$	59,489,086
SHORT TERM INVESTMENTS - 6.64%
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 03/07/2006 to
03/21/2006	$	2,040,000	$	2,037,618
Rabobank USA Financial Corp.
4.56% due 03/01/2006		2,000,000		2,000,000
United States Treasury Bills
zero coupon due 04/20/2006		200,000		198,805
TOTAL SHORT TERM INVESTMENTS
(Cost $4,236,423)			$	4,236,423
Total Investments (Mid Cap Index Fund)
(Cost $57,400,829) - 99.93%			$	63,725,509
Other Assets in Excess of Liabilities - 0.07%				41,777
TOTAL NET ASSETS - 100.00%			$	63,767,286
Mid Cap Stock Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.12%
Aerospace - 3.17%
Alliant Techsystems, Inc. *		56,515 $		4,318,876
Rockwell Collins, Inc.		83,592		4,442,915
				8,761,791
Air Travel - 4.58%
Gol Linhas Aereas Inteligentes SA, ADR (a)		92,440		3,032,032
JetBlue Airways Corp. * (a)		280,150		3,193,710
Ryanair Holdings PLC, SADR * (a)		66,501		3,530,538
Southwest Airlines Company (a)		172,825		2,898,275
				12,654,555
Apparel & Textiles - 0.66%
Geox SpA		148,000		1,817,313
Biotechnology - 3.35%
Applera Corp.		74,881		2,116,886
Cephalon, Inc. * (a)		54,477		4,329,832
ICOS Corp. * (a)		43,912		1,059,596
Millennium Pharmaceuticals, Inc. *		167,483		1,755,222
				9,261,536
Broadcasting - 1.87%
Sirius Satellite Radio, Inc. * (a)		587,175		3,000,464
Univision Communications, Inc., Class A *		5,000		167,250
XM Satellite Radio Holdings, Inc., Class A * (a)		90,275		1,994,175
				5,161,889

The accompanying notes are an integral part of the financial statements. 214

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 4.63%
Corporate Executive Board Company	21,815	$	2,181,500
DST Systems, Inc. * (a)	50,800		2,856,484
Equifax, Inc. (a)	95,700		3,506,448
Resources Connection, Inc. * (a)	154,800		4,260,096
			12,804,528
Cellular Communications - 2.33%
American Tower Corp., Class A *	128,649		4,094,898
Crown Castle International Corp. *	74,820		2,345,607
			6,440,505
Commercial Services - 1.37%
Live Nation, Inc. *	212,300		3,789,555
Computers & Business Equipment - 3.11%
Cognizant Technology Solutions Corp.,
Class A *	67,467		3,886,774
Network Appliance, Inc. * (a)	142,400		4,721,984
			8,608,758
Containers & Glass - 1.41%
Jarden Corp. * (a)	129,668		3,888,743
Crude Petroleum & Natural Gas - 1.88%
Chesapeake Energy Corp. (a)	89,028		2,643,241
EOG Resources, Inc. (a)	37,986		2,560,257
			5,203,498
Drugs & Health Care - 1.83%
CV Therapeutics, Inc. * (a)	52,000		1,399,320
Shionogi & Co., Ltd.	263,347		3,651,187
			5,050,507
Electrical Equipment - 1.08%
Tektronix, Inc.	97,046		2,989,017
Energy - 1.64%
Q-Cells AG *	15,692		1,594,041
Suntech Power Holdings Co., Ltd., ADR * (a)	78,600		2,952,216
			4,546,257
Financial Services - 10.37%
Blackrock, Inc., Class A	4,800		682,080
E*TRADE Financial Corp. *	170,395		4,358,704
Eaton Vance Corp.	77,644		2,188,008
Julius Baer Holding, Ltd.	35,851		3,084,075
Melco International Development	1,871,038		2,845,612
Nasdaq Stock Market, Inc. * (a)	101,216		4,100,260
Nuveen Investments, Class A (a)	79,200		3,815,064
State Street Corp. (c)	73,776		4,609,524
TD Ameritrade Holding Corp. *	137,600		2,994,176
			28,677,503
Healthcare Products - 2.09%
Boston Scientific Corp. *	65,900		1,609,278
Kyphon, Inc. * (a)	73,800		2,635,398
The Medicines Company * (a)	75,839		1,546,357
			5,791,033

Mid Cap Stock Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services - 3.61%
Covance, Inc. *	71,735	$	4,049,441
Coventry Health Care, Inc. *	42,700		2,545,774
IMS Health, Inc. (a)	140,600		3,388,460
			9,983,675
Homebuilders - 4.04%
Centex Corp. (a)	37,300		2,521,853
D.R. Horton, Inc. (a)	76,941		2,624,457
Standard Pacific Corp.	83,929		2,757,068
Walter Industries, Inc. (a)	49,900		3,284,917
			11,188,295
Hotels & Restaurants - 4.11%
Harrah's Entertainment, Inc. (a)	46,075		3,313,714
Panera Bread Company, Class A * (a)	42,800		3,032,808
Starwood Hotels & Resorts Worldwide, Inc.	78,943		5,012,880
			11,359,402
International Oil - 0.83%
Nabors Industries, Ltd. * (a)	34,800		2,295,060
Internet Content - 0.78%
NetFlix, Inc. *	81,000		2,171,610
Internet Service Provider - 0.50%
Salesforce.Com, Inc. * (a)	40,069		1,396,405
Leisure Time - 1.55%
DreamWorks Animation SKG, Class A * (a)	100,239		2,706,453
Las Vegas Sands Corp. * (a)	29,749		1,587,109
			4,293,562
Life Sciences - 1.47%
Pharmaceutical Product Development, Inc. *	58,610		4,078,670
Manufacturing - 1.07%
Roper Industries, Inc.	65,500		2,952,085
Medical-Hospitals - 1.27%
Manor Care, Inc. (a)	84,645		3,500,071
Metal & Metal Products - 1.08%
Cameco Corp.	80,752		2,997,514
Petroleum Services - 1.54%
BJ Services Company	59,684		1,868,706
GlobalSantaFe Corp. (a)	43,302		2,396,333
			4,265,039
Pharmaceuticals - 4.34%
Alkermes, Inc. * (a)	81,601		2,073,481
Amylin Pharmaceuticals, Inc. * (a)	82,967		3,599,109
Elan Corp. PLC, ADR * (a)	94,500		1,200,150
Forest Laboratories, Inc. *	64,762		2,972,576
Vertex Pharmaceuticals, Inc. * (a)	49,776		2,152,314
			11,997,630
Pollution Control - 1.19%
Stericycle, Inc. * (a)	54,304		3,282,677
Real Estate - 2.21%
Host Marriott Corp., REIT (a)	154,125		2,994,649

The accompanying notes are an integral part of the financial statements. 215

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Stock Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Kimco Realty Corp., REIT (a)		86,451	$	3,106,184
				6,100,833
Retail Trade - 8.44%
Abercrombie & Fitch Company, Class A (a)		86,639		5,832,538
Advance Auto Parts, Inc. *		49,274		2,037,480
Kohl's Corp. *		93,600		4,503,096
New York & Co., Inc. * (a)		157,300		2,653,651
Tiffany & Co.		104,307		3,872,919
Williams-Sonoma, Inc. * (a)		109,707		4,442,036
				23,341,720
Semiconductors - 1.35%
Altera Corp. *		173,600		3,478,944
International Rectifier Corp. *		6,900		255,990
				3,734,934
Software - 7.66%
Activision, Inc. *		251,400		3,142,500
Adobe Systems, Inc. (a)		90,500		3,495,110
Cognos, Inc. * (a)		93,811		3,588,271
Red Hat, Inc. * (a)		96,410		2,590,537
THQ, Inc. *		156,084		3,746,016
VeriFone Holdings, Inc. * (a)		175,494		4,633,041
				21,195,475
Telecommunications Equipment &
Services - 3.71%
Comverse Technology, Inc. * (a)		130,803		3,761,894
Polycom, Inc. * (a)		145,900		2,833,378
Tellabs, Inc. * (a)		250,000		3,672,500
				10,267,772
TOTAL COMMON STOCKS (Cost $237,760,317)			$	265,849,417
SHORT TERM INVESTMENTS - 30.80%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	85,194,265	$	85,194,265
TOTAL SHORT TERM INVESTMENTS
(Cost $85,194,265)			$	85,194,265
REPURCHASE AGREEMENTS - 4.04%
Repurchase Agreement with Bank of
America dated 02/28/2006 at
4.50% to be repurchased at
$11,180,397 on 03/01/2006,
collaterized by $11,565,000 U.S.
Treasury Bills, zero coupon due
06/15/2006 (valued at
$11,409,974 including interest) (c)	$	11,179,000	$	11,179,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,179,000)			$	11,179,000
Total Investments (Mid Cap Stock Fund)
(Cost $334,133,582) - 130.96%			$	362,222,682
Liabilities in Excess of Other Assets - (30.96)%				(85,629,629)
TOTAL NET ASSETS - 100.00%			$	276,593,053

Mid Cap Value Fund
	Shares or
	Principal
	Amount	Value
COMMON STOCKS - 94.94%
Advertising - 1.95%
The Interpublic Group of Companies, Inc. * (a)	408,906 $	4,236,266
Agriculture - 3.59%
Monsanto Company	49,598	4,160,280
Mosaic Company * (a)	228,429	3,632,021
		7,792,301
Apparel & Textiles - 0.08%
Tommy Hilfiger Corp. * (a)	10,193	168,694
Auto Parts - 2.18%
Dana Corp. (a)	247,154	434,991
Genuine Parts Company	96,593	4,300,320
		4,735,311
Broadcasting - 2.30%
Clear Channel Communications, Inc.	114,900	3,251,670
Westwood One, Inc.	155,853	1,737,761
		4,989,431
Business Services - 5.88%
Cadence Design Systems, Inc. * (a)	241,129	4,280,040
R.H. Donnelley Corp. *	63,753	3,888,933
R.R. Donnelley & Sons Company (a)	136,276	4,587,050
		12,756,023
Chemicals - 3.57%
Chemtura Corp. (a)	254,231	2,816,880
Eastman Chemical Company	100,062	4,936,058
		7,752,938
Computers & Business Equipment - 1.07%
Sybase, Inc. * (a)	108,856	2,321,899
Containers & Glass - 4.42%
Ball Corp.	103,922	4,427,077
Pactiv Corp. *	225,473	5,170,096
		9,597,173
Crude Petroleum & Natural Gas - 1.64%
EOG Resources, Inc.	52,915	3,566,471
Electrical Equipment - 1.53%
Hubbell, Inc., Class B (a)	71,637	3,328,971
Electrical Utilities - 5.48%
Ameren Corp. (a)	79,242	4,015,192
CMS Energy Corp. * (a)	239,423	3,371,076
Northeast Utilities (a)	165,021	3,237,712
Puget Energy, Inc. (a)	59,557	1,284,049
		11,908,029
Food & Beverages - 0.40%
ConAgra Foods, Inc. (a)	41,400	870,642
Gas & Pipeline Utilities - 2.08%
NiSource, Inc.	158,751	3,259,158
Southwest Gas Corp. (a)	44,245	1,261,867
		4,521,025

The accompanying notes are an integral part of the financial statements. 216

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Mid Cap Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products - 1.40%
Bausch & Lomb, Inc.	43,845	$	3,034,513
Hotels & Restaurants - 2.21%
Brinker International, Inc. (a)	93,132		3,878,948
Yum! Brands, Inc.	19,282		919,751
			4,798,699
Household Products - 1.82%
Newell Rubbermaid, Inc. (a)	96,879		2,409,381
Tupperware Corp. (a)	72,761		1,541,805
			3,951,186
Industrial Machinery - 3.96%
CNH Global NV	52,908		1,336,985
Cummins, Inc. (a)	34,217		3,705,017
W.W. Grainger, Inc.	47,888		3,545,628
			8,587,630
Insurance - 11.75%
ACE, Ltd.	40,263		2,243,857
Aetna, Inc.	44,528		2,270,928
Conseco, Inc. * (a)	133,563		3,317,705
Everest Re Group, Ltd.	27,970		2,770,149
Genworth Financial, Inc.	77,817		2,476,137
PartnerRe, Ltd. (a)	59,715		3,619,326
PMI Group, Inc. (a)	55,154		2,388,168
SAFECO Corp.	51,200		2,637,312
XL Capital, Ltd., Class A (a)	56,186		3,795,364
			25,518,946
Internet Software - 1.58%
McAfee, Inc. *	147,154		3,422,802
Manufacturing - 1.67%
Snap-on, Inc.	92,934		3,616,991
Metal & Metal Products - 1.74%
Timken Company (a)	131,444		3,769,814
Mining - 1.31%
Potash Corp. of Saskatchewan, Inc.	29,739		2,847,509
Office Furnishings & Supplies - 1.23%
OfficeMax, Inc. (a)	91,345		2,679,149
Paper - 2.94%
Bowater, Inc. (a)	96,165		2,502,213
MeadWestvaco Corp.	139,379		3,877,524
			6,379,737
Petroleum Services - 3.75%
GlobalSantaFe Corp.	77,066		4,264,833
Halliburton Company	57,143		3,885,724
			8,150,557
Pharmaceuticals - 3.76%
King Pharmaceuticals, Inc. *	228,429		3,711,971
Mylan Laboratories, Inc. (a)	193,888		4,459,424
			8,171,395

Mid Cap Value Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Publishing - 0.97%
American Greetings Corp., Class A (a)		100,774	$	2,114,239
Real Estate - 1.68%
Host Marriott Corp., REIT (a)		187,322		3,639,667
Retail Grocery - 2.08%
Safeway, Inc.		95,373		2,318,518
The Kroger Company *		109,300		2,190,372
				4,508,890
Retail Trade - 3.21%
Federated Department Stores, Inc.		47,683		3,387,400
Foot Locker, Inc.		154,926		3,580,340
				6,967,740
Telecommunications Equipment &
Services - 6.14%
ADC Telecommunications, Inc. * (a)		120,449		3,049,769
Avaya, Inc. * (a)		270,644		3,009,561
JDS Uniphase Corp. * (a)		910,700		2,768,528
PanAmSat Holding Corp.		61,543		1,545,345
Tellabs, Inc. * (a)		202,111		2,969,010
				13,342,213
Telephone - 3.14%
CenturyTel, Inc. (a)		70,153		2,524,105
Qwest Communications International, Inc. * (a)		679,500		4,294,440
				6,818,545
Travel Services - 2.43%
Sabre Holdings Corp.		218,231		5,265,914
TOTAL COMMON STOCKS (Cost $194,047,609)			$	206,131,310
SHORT TERM INVESTMENTS - 30.21%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	65,600,494	$	65,600,494
TOTAL SHORT TERM INVESTMENTS
(Cost $65,600,494)			$	65,600,494
REPURCHASE AGREEMENTS - 5.08%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$11,032,981 on 03/01/2006,
collateralized by $11,090,000
Federal National Mortgage
Association, 5.5% due 07/14/2028
(valued at $11,257,315, including
interest) (c)	$	11,032,000	$	11,032,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,032,000)			$	11,032,000
Total Investments (Mid Cap Value Fund)
(Cost $270,680,103) - 130.23%			$	282,763,804
Liabilities in Excess of Other Assets - (30.23)%				(65,640,824)
TOTAL NET ASSETS - 100.00%			$	217,122,980

The accompanying notes are an integral part of the financial statements. 217

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Natural Resources Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.54%
Aluminum - 1.57%
Alcoa, Inc.	361,225	$	10,591,117
Coal - 1.78%
CONSOL Energy, Inc.	101,043		6,468,773
Massey Energy Company (a)	148,423		5,521,336
			11,990,109
Crude Petroleum & Natural Gas - 8.95%
Burlington Resources, Inc.	105,266		9,492,888
EOG Resources, Inc.	290,269		19,564,131
Newfield Exploration Company * (a)	157,352		6,081,655
Surgutneftegaz, ADR (a)	106,445		7,759,840
XTO Energy, Inc.	414,786		17,375,385
			60,273,899
Domestic Oil - 6.26%
Noble Energy, Inc.	160,764		6,758,519
Suncor Energy, Inc.	278,507		20,802,368
Western Oil Sands, Inc. *	536,311		14,609,526
			42,170,413
Gas & Pipeline Utilities - 1.89%
Equitable Resources, Inc. (a)	153,960		5,597,986
Western Gas Resources, Inc. (a)	150,448		7,117,695
			12,715,681
Gold - 1.91%
Barrick Gold Corp.	193,456		5,294,891
Gold Fields, Ltd.	345,943		7,577,606
			12,872,497
International Oil - 23.89%
Canadian Natural Resources, Ltd.	750,633		40,955,011
China Petroleum and Chemical Corp. ADR (a)	124,465		7,383,264
ConocoPhillips	157,417		9,596,140
EnCana Corp. - CAD	572,954		23,663,302
Lukoil Oil Company, ADR (a)	197,027		15,742,457
Petroleo Brasileiro SA, ADR *	194,749		17,048,328
Royal Dutch Shell PLC, ADR	150,469		9,100,365
Royal Dutch Shell PLC-ADR, Class B shares	115,349		7,270,448
Talisman Energy, Inc.	574,066		30,120,809
			160,880,124
Metal & Metal Products - 13.80%
Alumina, Ltd.	1,559,292		8,039,283
Cameco Corp.	228,322		8,475,313
Companhia Siderurgica Nacional SA, ADR (a)	356,697		10,511,861
Companhia Vale Do Rio Doce, ADR	231,689		10,757,320
Companhia Vale Do Rio Doce, SADR	734,826		29,907,418
Inco, Ltd. (a)	218,179		10,542,409
Vedanta Resources PLC	848,879		14,672,604
			92,906,208
Mining - 10.65%
Aluminum Corp. China, Ltd. ADR (a)	113,272		11,654,556
Anglo American PLC	186,803		6,968,770
Anglo Platinum, Ltd.	206,968		16,538,769

Natural Resources Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Mining (continued)
Freeport-McMoran Copper & Gold, Inc.,
Class B (a)		203,830	$	10,319,913
Impala Platinum Holdings, Ltd.		56,884		9,691,102
Xstrata PLC		566,001		16,528,605
				71,701,715
Paper - 3.15%
Abitibi Consolidated, Inc.		1,228,619		4,287,880
Domtar, Inc.		141,380		764,049
International Paper Company		493,665		16,177,402
				21,229,331
Petroleum Services - 20.77%
BP PLC, SADR		341,927		22,710,791
Exxon Mobil Corp.		478,405		28,402,905
GlobalSantaFe Corp.		116,623		6,453,917
Halliburton Company		140,451		9,550,668
Petro-Canada		237,831		10,880,037
Repsol YPF SA, SADR		182,276		5,105,551
Total SA, SADR (a)		152,881		19,282,881
Transocean, Inc. *		97,385		7,224,019
Valero Energy Corp.		561,766		30,217,393
				139,828,162
Steel - 1.92%
Mittal Steel Company, NV (a)		389,425		12,897,756
TOTAL COMMON STOCKS (Cost $563,792,568)			$	650,057,012
PREFERRED STOCKS - 0.20%
Mining - 0.20%
Anglo American Platinum Corp., Ltd.- ZAR *		42,800		1,340,278
TOTAL PREFERRED STOCKS (Cost $1,196,524)			$	1,340,278
WARRANTS - 0.07%
Financial Services - 0.07%
Goldman Sachs International
(Expiration date 06/30/2006; strike
price $0.0001)		17,100		437,875
TOTAL WARRANTS (Cost $388,714)			$	437,875
SHORT TERM INVESTMENTS - 12.20%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	82,182,802	$	82,182,802
TOTAL SHORT TERM INVESTMENTS
(Cost $82,182,802)			$	82,182,802

The accompanying notes are an integral part of the financial statements. 218

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Natural Resources Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.03%
Repurchase Agreement with Bank of
America dated 02/28/2006 at
4.50% to be repurchased at
$20,422,553 on 03/01/2006,
collaterized by $21,120,000 U.S.
Treasury Bills, 4.51% due
06/15/2006 (valued at
$20,836,892, including interest) (c)	$	20,420,000	$	20,420,000
TOTAL REPURCHASE AGREEMENTS
(Cost $20,420,000)			$	20,420,000
Total Investments (Natural Resources Fund)
(Cost $667,980,608) - 112.04%			$	754,437,967
Liabilities in Excess of Other Assets - (12.04)%				(81,044,919)
TOTAL NET ASSETS - 100.00%			$	673,393,048
Quantitative Mid Cap Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.97%
Advertising - 1.13%
Getty Images, Inc. * (a)		26,324	$	2,133,034
Apparel & Textiles - 3.36%
Carter's, Inc. * (a)		43,481		2,782,349
Coach, Inc. *		98,841		3,530,601
				6,312,950
Auto Parts - 0.94%
O'Reilly Automotive, Inc. *		54,300		1,776,696
Banking - 4.61%
Colonial Bancgroup, Inc. (a)		45,800		1,150,038
Corus Bankshares, Inc. (a)		22,792		1,368,659
Cullen Frost Bankers, Inc. (a)		40,800		2,248,896
Zions Bancorp.		47,240		3,898,245
				8,665,838
Broadcasting - 0.50%
Grupo Televisa SA, SADR		12,100		949,366
Building Materials & Construction - 0.28%
Lennox International, Inc.		16,300		524,045
Business Services - 7.45%
Alliance Data Systems Corp. *		37,750		1,633,065
Corporate Executive Board Company		44,455		4,445,500
Global Payments, Inc.		84,848		4,417,187
MPS Group, Inc. *		108,800		1,647,232
URS Corp. *		43,200		1,883,088
				14,026,072
Cellular Communications - 0.81%
American Tower Corp., Class A *		47,800		1,521,474
Chemicals - 3.03%
Airgas, Inc.		107,061		3,895,950

Quantitative Mid Cap Fund (continued)
	Shares or
	Principal
	Amount	Value
COMMON STOCKS (continued)
Chemicals (continued)
Techne Corp. *	30,300 $	1,801,941
		5,697,891
Commercial Services - 0.99%
CB Richard Ellis Group, Inc. *	27,100	1,861,228
Computers & Business Equipment - 1.81%
Cognizant Technology Solutions Corp.,
Class A *	58,979	3,397,780
Containers & Glass - 0.98%
Silgan Holdings, Inc. (a)	46,659	1,839,298
Crude Petroleum & Natural Gas - 3.68%
Chesapeake Energy Corp. (a)	79,749	2,367,748
Patterson-UTI Energy, Inc.	86,550	2,384,452
XTO Energy, Inc.	52,074	2,181,380
		6,933,580
Domestic Oil - 1.84%
Oil States International, Inc. * (a)	59,700	2,061,441
St. Mary Land & Exploration Company (a)	36,300	1,393,557
		3,454,998
Drugs & Health Care - 0.96%
Intuitive Surgical, Inc. * (a)	20,000	1,804,000
Electrical Equipment - 2.76%
AMETEK, Inc.	86,242	3,694,607
Anixter International, Inc. * (a)	32,900	1,505,175
		5,199,782
Electrical Utilities - 1.35%
DPL, Inc.	51,900	1,397,148
Sierra Pacific Resources *	80,200	1,142,048
		2,539,196
Electronics - 2.62%
Amphenol Corp., Class A	30,371	1,525,535
Jabil Circuit, Inc. *	46,623	1,764,681
Thomas & Betts Corp. *	33,200	1,633,440
		4,923,656
Financial Services - 5.32%
Affiliated Managers Group, Inc. * (a)	41,850	4,119,296
AllianceBernstein Holding LP * (a)	29,109	1,870,835
American Capital Strategies, Ltd. (a)	47,300	1,688,610
CIT Group, Inc.	19,152	1,029,803
Nelnet, Inc., Class A * (a)	31,200	1,293,240
		10,001,784
Food & Beverages - 2.93%
Constellation Brands, Inc., Class A *	109,886	2,894,397
Fomento Economico Mexicano SA de CV,
SADR	13,600	1,183,064
Hormel Foods Corp.	41,510	1,429,190
		5,506,651
Forest Products - 0.64%
Rayonier, Inc.	27,800	1,198,180

The accompanying notes are an integral part of the financial statements. 219

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Quantitative Mid Cap Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities - 3.07%
Magellan Midstream Partners LP (a)	55,653	$	1,752,513
Questar Corp.	54,962		4,025,966
			5,778,479
Healthcare Services - 3.57%
Express Scripts, Inc. *	13,491		1,177,359
Humana, Inc. *	44,795		2,314,558
Omnicare, Inc. (a)	29,200		1,776,820
Sierra Health Services, Inc. *	34,858		1,453,230
			6,721,967
Hotels & Restaurants - 2.16%
Choice Hotels, Inc. (a)	36,500		1,625,345
Darden Restaurants, Inc.	58,200		2,440,908
			4,066,253
Household Appliances - 0.99%
Black & Decker Corp.	21,856		1,870,436
Industrial Machinery - 1.81%
IDEX Corp.	71,934		3,398,881
Industrials - 1.66%
Harsco Corp.	39,066		3,116,685
Insurance - 4.00%
American Financial Group, Inc.	63,400		2,624,760
PMI Group, Inc.	45,557		1,972,618
W.R. Berkley Corp.	50,665		2,932,997
			7,530,375
Internet Software - 1.30%
F5 Networks, Inc. *	35,980		2,440,164
Leisure Time - 4.50%
International Speedway Corp., Class A	30,479		1,443,485
Penn National Gaming, Inc. *	54,076		1,875,356
Scientific Games Corp., Class A * (a)	76,910		2,351,908
SCP Pool Corp. (a)	64,404		2,799,642
			8,470,391
Life Sciences - 0.87%
Pharmaceutical Product Development, Inc. *	23,600		1,642,324
Medical-Hospitals - 1.06%
Community Health Systems, Inc. *	52,729		1,999,484
Mining - 0.91%
Joy Global, Inc.	33,200		1,711,792
Mutual Funds - 2.27%
Midcap SPDR Trust Series 1 * (a)	30,200		4,267,864
Petroleum Services - 1.18%
Cal Dive International, Inc. * (a)	63,332		2,229,920
Pharmaceuticals - 3.17%
Barr Pharmaceuticals, Inc. * (a)	42,100		2,828,278
Celgene Corp. *	48,078		1,826,964
PDL BioPharma, Inc. * (a)	41,700		1,305,627
			5,960,869

Quantitative Mid Cap Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pollution Control - 1.92%
Republic Services, Inc.		93,000 $		3,614,910
Retail Trade - 4.12%
Barnes & Noble, Inc.		36,700		1,580,669
Chico's FAS, Inc. * (a)		108,121		5,087,093
Payless ShoeSource, Inc. * (a)		45,800		1,085,460
				7,753,222
Sanitary Services - 1.99%
Aqua America, Inc. (a)		130,081		3,738,528
Semiconductors - 3.49%
Intersil Corp., Class A		63,200		1,791,088
Marvell Technology Group, Ltd. *		49,763		3,046,491
Microsemi Corp. *		56,349		1,732,732
				6,570,311
Software - 1.91%
Activision, Inc. *		83,333		1,041,662
Red Hat, Inc. *		43,200		1,160,784
Websense, Inc. *		22,400		1,384,544
				3,586,990
Telecommunications Equipment &
Services - 1.43%
Comverse Technology, Inc. *		93,527		2,689,836
Telephone - 1.14%
Harris Corp.		46,972		2,145,681
Transportation - 1.46%
UTI Worldwide, Inc. (a)		26,200		2,741,306
TOTAL COMMON STOCKS (Cost $164,526,302)			$	184,314,167
SHORT TERM INVESTMENTS - 22.50%
Rabobank USA Finance Corp.
4.56% due 03/01/2006	$	4,260,000	$	4,260,000
State Street Navigator Securities Lending
Prime Portfolio (c)		38,058,720		38,058,720
TOTAL SHORT TERM INVESTMENTS
(Cost $42,318,720)		$		42,318,720
Total Investments (Quantitative Mid Cap Fund)
(Cost $206,845,022) - 120.47%		$		226,632,887
Liabilities in Excess of Other Assets - (20.47)%				(38,503,455)
TOTAL NET ASSETS - 100.00%		$		188,129,432
Quantitative Value Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.82%
Aerospace - 1.42%
Northrop Grumman Corp.		76,400	$	4,897,240
Apparel & Textiles - 0.52%
Coach, Inc. *		49,700		1,775,284

The accompanying notes are an integral part of the financial statements. 220

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Quantitative Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking - 10.93%
Bank of America Corp.	284,000	$	13,021,400
KeyCorp (a)	178,900		6,667,603
US Bancorp	234,500		7,248,395
Wachovia Corp.	192,000		10,765,440
			37,702,838
Business Services - 2.19%
Accenture, Ltd., Class A	41,500		1,355,390
Alliance Data Systems Corp. * (a)	76,200		3,296,412
Fair Isaac Corp. (a)	48,800		2,079,856
Pitney Bowes, Inc.	19,600		837,704
			7,569,362
Chemicals - 1.20%
Dow Chemical Company	51,800		2,228,954
Lyondell Chemical Company (a)	91,500		1,914,180
			4,143,134
Coal - 0.84%
CONSOL Energy, Inc.	45,500		2,912,910
Computers & Business Equipment - 1.76%
Apple Computer, Inc. *	21,800		1,494,172
EMC Corp. *	165,800		2,324,516
Network Appliance, Inc. * (a)	67,700		2,244,932
			6,063,620
Construction Materials - 0.42%
Sherwin-Williams Company (a)	31,900		1,453,045
Crude Petroleum & Natural Gas - 4.56%
ChevronTexaco Corp.	129,500		7,314,160
Patterson-UTI Energy, Inc.	190,900		5,259,295
Pogo Producing Company (a)	63,600		3,171,096
			15,744,551
Electrical Equipment - 0.43%
General Electric Company	45,300		1,489,011
Electrical Utilities - 2.50%
TXU Corp.	164,800		8,633,872
Energy - 2.14%
Energen Corp.	109,600		3,916,008
Sempra Energy	72,600		3,473,184
			7,389,192
Financial Services - 15.82%
American Capital Strategies, Ltd. (a)	131,300		4,687,410
Bear Stearns Companies, Inc.	51,500		6,923,660
Citigroup, Inc.	250,300		11,606,411
Countrywide Financial Corp.	174,949		6,032,241
Federal National Mortgage Association	97,380		5,324,738
Goldman Sachs Group, Inc.	51,300		7,248,177
JPMorgan Chase & Company	37,400		1,538,636
Lehman Brothers Holdings, Inc.	25,400		3,707,130
Morgan Stanley	125,900		7,511,194
			54,579,597

Quantitative Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 4.51%
Constellation Brands, Inc., Class A * (a)	171,100	$	4,506,774
Hershey Foods Corp.	58,500		2,992,275
Pepsi Bottling Group, Inc.	107,700		3,162,072
PepsiCo, Inc.	83,000		4,906,130
			15,567,251
Gas & Pipeline Utilities - 2.11%
Western Gas Resources, Inc. (a)	153,800		7,276,278
Healthcare Products - 1.50%
Johnson & Johnson	41,300		2,380,945
Varian Medical Systems, Inc. * (a)	48,400		2,801,392
			5,182,337
Homebuilders - 0.79%
Meritage Homes Corp. * (a)	46,700		2,733,351
Hotels & Restaurants - 2.87%
Hilton Hotels Corp.	66,900		1,618,980
McDonald's Corp.	237,400		8,287,634
			9,906,614
Industrial Machinery - 1.57%
Ingersoll-Rand Company, Class A	132,000		5,415,960
Industrials - 1.28%
Fastenal Company (a)	100,400		4,408,564
Insurance - 7.25%
American Financial Group, Inc. (a)	74,600		3,088,440
CNA Financial Corp. * (a)	72,600		2,244,792
Endurance Specialty Holdings, Ltd. (a)	144,300		4,545,450
PartnerRe, Ltd. (a)	42,600		2,581,986
Principal Financial Group, Inc.	76,800		3,741,696
Reinsurance Group of America, Inc.	69,200		3,199,116
RenaissanceRe Holdings, Ltd. (a)	125,700		5,599,935
			25,001,415
International Oil - 3.91%
Anadarko Petroleum Corp.	8,400		832,944
ConocoPhillips	184,600		11,253,216
Nabors Industries, Ltd. * (a)	21,500		1,417,925
			13,504,085
Internet Service Provider - 0.62%
Google, Inc., Class A *	5,914		2,144,535
Leisure Time - 0.52%
International Speedway Corp., Class A (a)	37,495		1,775,763
Metal & Metal Products - 0.39%
Southern Copper Corp. (a)	16,800		1,338,120
Mining - 0.51%
Alliance Resource Partners LP (a)	47,500		1,753,225
Petroleum Services - 3.94%
Exxon Mobil Corp.	229,100		13,601,667
Pharmaceuticals - 4.13%
Caremark Rx, Inc. *	75,500		3,756,125
Eli Lilly & Company	66,900		3,720,978

The accompanying notes are an integral part of the financial statements. 221

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Quantitative Value Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Pfizer, Inc.		174,823	$	4,578,614
Teva Pharmaceutical Industries, Ltd., SADR		52,000		2,183,480
				14,239,197
Publishing - 1.96%
Gannett Company, Inc.		34,000		2,113,440
Meredith Corp. (a)		84,500		4,655,105
				6,768,545
Real Estate - 3.15%
CBL & Associates Properties, Inc., REIT (a)		78,200		3,331,320
Hospitality Properties Trust, REIT (a)		71,200		3,168,400
Simon Property Group, Inc., REIT		52,800		4,380,816
				10,880,536
Retail Trade - 0.77%
Bed Bath & Beyond, Inc. *		37,200		1,340,688
Dollar Tree Stores, Inc. *		47,400		1,299,708
				2,640,396
Semiconductors - 3.32%
Applied Micro Circuits Corp. * (a)		281,500		1,016,215
Atmel Corp. * (a)		486,900		2,215,395
Conexant Systems, Inc. * (a)		530,600		1,581,188
Marvell Technology Group, Ltd. *		53,200		3,256,904
National Semiconductor Corp.		60,900		1,708,245
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR (a)		173,200		1,685,236
				11,463,183
Software - 0.25%
Citrix Systems, Inc. *		27,000		873,720
Telecommunications Equipment &
Services - 0.28%
Ciena Corp. *		240,800		968,016
Telephone - 4.68%
AT&T Corp.		261,496		7,214,675
BellSouth Corp.		127,200		4,016,976
CenturyTel, Inc. (a)		136,500		4,911,270
				16,142,921
Tobacco - 1.34%
Altria Group, Inc.		64,400		4,630,360
Transportation - 1.65%
Laidlaw International, Inc.		206,000		5,685,600
Trucking & Freight - 0.79%
YRC Worldwide, Inc. * (a)		57,100		2,731,664
TOTAL COMMON STOCKS (Cost $321,234,492)			$	340,986,959
SHORT TERM INVESTMENTS - 17.82%
Federal Home Loan Bank Discount Notes
zero coupon. due 03/17/2006	$	3,000,000	$	2,994,140
Rabobank USA Finance Corp.
4.56% due 03/01/2006		3,090,000		3,090,000

Quantitative Value Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
State Street Navigator Securities
Lending Prime Portfolio (c)	$	55,387,811	$	55,387,811
TOTAL SHORT TERM INVESTMENTS
(Cost $61,471,951)			$	61,471,951
Total Investments (Quantitative Value Fund)
(Cost $382,706,443) - 116.64%			$	402,458,910
Liabilities in Excess of Other Assets - (16.64)%				(57,416,765)
TOTAL NET ASSETS - 100.00%			$	345,042,145
Real Estate Securities Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.86%
Hotels & Restaurants - 3.80%
Hilton Hotels Corp. (a)		268,348	$	6,494,022
Starwood Hotels & Resorts Worldwide, Inc. (a)		317,984		20,191,984
				26,686,006
Real Estate - 95.06%
AMB Property Corp., REIT (a)		361,300		19,383,745
American Land Lease, Inc., REIT		54,201		1,446,083
Apartment Investment & Management
Company, Class A, REIT (a)		437,003		19,363,603
Archstone-Smith Trust, REIT		669,970		31,756,578
Avalon Bay Communities, Inc., REIT (a)		317,674		32,720,422
BioMed Realty Trust, Inc., REIT (a)		187,800		5,198,304
Boston Properties, Inc., REIT (a)		425,082		35,991,693
Brandywine Realty Trust, REIT (a)		91,457		2,686,092
BRE Properties, Inc., Class A, REIT		123,600		6,720,132
Camden Property Trust, REIT (a)		94,648		6,232,571
CarrAmerica Realty Corp., REIT (a)		98,100		4,067,226
Corporate Office Properties Trust, REIT (a)		148,271		6,156,212
Digital Realty Trust, Inc., REIT (a)		125,898		3,476,044
Duke Realty Corp., REIT (a)		377,250		13,241,475
Entertainment Properties Trust, REIT (a)		100,283		4,146,702
Equity Lifestyle Properties, Inc., REIT		140,571		6,703,831
Equity Office Properties Trust, REIT		1,202,174		37,808,372
Equity One, Inc., REIT		287,153		6,460,942
Equity Residential, REIT (a)		618,420		28,002,057
Essex Property Trust, Inc., REIT (a)		81,444		8,115,894
Federal Realty Investment Trust, REIT (a)		225,416		15,709,241
Felcor Lodging Trust, Inc., REIT		757,800		15,042,330
General Growth Properties, Inc., REIT (a)		523,384		26,373,320
Highwoods Properties, Inc., REIT (a)		159,390		5,156,266
Host Marriott Corp., REIT (a)		1,165,192		22,639,680
Inland Real Estate Corp., REIT (a)		352,033		5,417,788
Kilroy Realty Corp., REIT (a)		86,800		6,494,376
LaSalle Hotel Properties, REIT (a)		150,722		6,021,344
Lexington Corporate Property Trust, REIT		201,574		4,297,558
Liberty Property Trust, REIT		211,728		9,481,180
LTC Properties, Inc., REIT (a)		97,591		2,159,689

The accompanying notes are an integral part of the financial statements. 222

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Real Estate Securities Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Mack-California Realty Corp., REIT (a)		177,087	$	7,951,206
Nationwide Health Properties, Inc., REIT		173,744		3,912,715
Pan Pacific Retail Properties, Inc., REIT		196,241		13,581,840
ProLogis, REIT		507,052		26,630,371
PS Business Parks, Inc., REIT		79,700		4,239,243
Public Storage, Inc., REIT		354,830		27,683,837
Reckson Associates Realty Corp., REIT (a)		253,800		10,380,420
Regency Centers Corp., REIT (a)		154,200		9,945,900
Senior Housing Properties Trust, REIT (a)		261,373		4,686,418
Simon Property Group, Inc., REIT (a)		712,763		59,137,946
Sovran Self Storage, Inc., REIT		92,352		4,802,304
Taubman Centers, Inc., REIT (a)		225,881		8,976,511
The Macerich Company, REIT		336,144		24,219,175
U-Store-It Trust, REIT (a)		132,995		2,961,799
Ventas, Inc., REIT (a)		587,116		18,200,596
Vornado Realty Trust, REIT		430,089		38,273,620
Washington REIT (a)		123,900		4,140,738
				668,195,389
TOTAL COMMON STOCKS (Cost $612,693,462)			$	694,881,395
SHORT TERM INVESTMENTS - 6.90%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	48,505,156	$	48,505,156
TOTAL SHORT TERM INVESTMENTS
(Cost $48,505,156)			$	48,505,156
REPURCHASE AGREEMENTS - 1.07%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$7,519,668 on 03/01/2006,
collateralized by $7,790,000
Federal Home Loan Bank, 6% due
11/15/2024 (valued at $7,673,150,
including interest) (c)	$	7,519,000	$	7,519,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,519,000)			$	7,519,000
Total Investments (Real Estate Securities Fund)
(Cost $668,717,618) - 106.83%			$	750,905,551
Liabilities in Excess of Other Assets - (6.83)%				(48,013,725)
TOTAL NET ASSETS - 100.00%			$	702,891,826
Real Return Bond Fund
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 99.45%
Treasury Inflation Protected
Securities (d) - 99.05%
0.875% due 04/15/2010 (a)***	$	82,805,909	$	79,386,936

Real Return Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
Treasury Inflation Protected
Securities (d) (continued)
1.875% due 07/15/2013 to
07/15/2015 (a)***	$	123,563,628	$	122,596,689
2.00% due 07/15/2014 to
01/15/2026 (a)***		120,994,052		121,236,889
2.375% due 01/15/2025 (a)***		66,619,960		70,809,756
3.00% due 07/15/2012 (a)***		19,704,780		20,947,107
3.375% due 01/15/2007		8,115,640		8,248,469
3.50% due 01/15/2011 (a)***		39,581,850		42,505,642
3.625% due 01/15/2008 (a)***		51,806,945		53,640,445
3.875% due 04/15/2029 (a)***		74,472,060		101,747,452
3.875% due 01/15/2009 ***		600,085		634,895
				621,754,280
U.S. Treasury Bonds - 0.40%
4.50% due 02/15/2036		2,500,000		2,498,632
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $619,302,372)			$	624,252,912
U.S. GOVERNMENT AGENCY OBLIGATIONS - 4.66%
Federal National Mortgage
Association - 3.88%
4.678% due 10/01/2044 (b)***		312,212		313,793
5.50% due 03/01/2034 to 09/01/2035 ***		12,084,401		11,979,547
5.50% TBA **		12,200,000		12,083,562
				24,376,902
Small Business Administration - 0.78%
4.88% due 11/01/2024 ***		3,283,837		3,214,621
4.504% due 02/01/2014 ***		1,715,520		1,660,015
				4,874,636
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $28,686,190)			$	29,251,538
FOREIGN GOVERNMENT OBLIGATIONS - 0.38%
Canada - 0.08%
Government of Canada
3.00% due 12/01/2036 ***	CAD	418,092		506,417
Russia - 0.30%
Russian Federation
5.00% due 03/31/2030 ***	$	1,300,000		1,468,220
8.25% due 03/31/2010 ***		400,000		423,080
				1,891,300
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,315,065)			$	2,397,717
CORPORATE BONDS - 1.37%
Banking - 0.03%
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)***		200,000		198,533
Crude Petroleum & Natural Gas - 0.07%
Pemex Project Funding Master Trust
9.25% due 03/30/2018 ***		350,000		446,250

The accompanying notes are an integral part of the financial statements. 223

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Real Return Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services - 1.09%
Citigroup, Inc.
4.7075% due 01/30/2009 (b)***	$	600,000	$	599,716
General Electric Capital Corp., Series MTN
4.52% due 12/12/2008 (b)***		500,000		499,908
General Motors Acceptance Corp.
4.50% due 07/15/2006 (a)***		5,300,000		5,220,383
Rabobank Nederland
4.64% due 01/15/2009 (b)***		500,000		499,780
				6,819,787
Gas & Pipeline Utilities - 0.02%
El Paso Corp.
7.625% due 08/16/2007 ***		100,000		102,125
Paper - 0.16%
Koch Forest Products, Inc.
6.88% due 12/20/2012		1,000,000		1,000,000
TOTAL CORPORATE BONDS (Cost $8,548,193)			$	8,566,695
COLLATERALIZED MORTGAGE
OBLIGATIONS - 0.03%
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-11, Class 1A1
4.90% due 12/25/2035 (b)***		196,346		196,438
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $195,273)			$	196,438
ASSET BACKED SECURITIES - 0.11%
Merrill Lynch Mortgage Investors, Inc., Series
2006-WMC1, Class A2A
4.66% due 01/25/2037 (b)***		500,000		499,922
Soundview Home Equity Loan Trust, Series
2006-1, Class A1
4.65% due 02/25/2036 (b)***		200,000		199,969
TOTAL ASSET BACKED SECURITIES
(Cost $700,000)			$	699,891
SHORT TERM INVESTMENTS - 51.38%
Danske Corp.
4.71% due 06/02/2006 ***	$	2,800,000	$	2,765,931
Government of France
zero coupon due 03/23/2006 ***	EUR	260,000		309,526
State Street Navigator Securities
Lending Prime Portfolio (c)	$	318,498,126		318,498,126
UBS Finance (Delaware) LLC
4.44% due 04/28/2006		14,967		14,860
4.66% due 05/22/2006 ***		100,000		98,938
United States Treasury Bills
zero coupon due 06/01/2006		300,000		296,580
zero coupon due 03/02/2006 to
03/16/2006 *** ****		510,000		509,781
zero coupon due 03/02/2006 to
03/16/2006 ****		30,000		29,982
TOTAL SHORT TERM INVESTMENTS
(Cost $322,522,571)			$	322,523,724

Real Return Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.65%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$10,340,919 on 03/01/2006,
collateralized by $10,420,000,
Federal National Mortgage
Assocation, 1.00% due 2/23/2007
(valued at $10,550,250, including
interest) (c)***	$	10,340,000	$	10,340,000
TOTAL REPURCHASE AGREEMENTS
(Cost $10,340,000)			$	10,340,000
Total Investments (Real Return Bond Fund)
(Cost $992,609,664) - 159.03%			$	998,228,915
Liabilities in Excess of Other Assets - (59.03)%				(370,525,544)
TOTAL NET ASSETS - 100.00%			$	627,703,371
Small Cap Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.92%
Advertising - 1.56%
Ventiv Health, Inc. * (a)		116,900 $		3,256,834
Apparel & Textiles - 4.05%
Hartmarx Corp. * (a)		245,800		2,131,086
Warnaco Group, Inc. * (a)		273,700		6,352,577
				8,483,663
Auto Parts - 3.44%
LKQ Corp. * (a)		327,000		7,200,540
Banking - 7.70%
Boston Private Financial Holdings, Inc. (a)		161,200		4,934,332
First Community Bancorp. (a)		66,100		3,947,492
Placer Sierra Bancshares (a)		195,600		5,140,368
Tierone Corp. (a)		63,500		2,095,500
				16,117,692
Business Services - 3.51%
Escala Group, Inc. * (a)		185,800		4,617,130
Infocrossing, Inc. * (a)		233,100		2,741,256
				7,358,386
Chemicals - 4.23%
Arch Chemicals, Inc. (a)		113,500		3,202,970
Cytec Industries, Inc. (a)		106,100		5,659,374
				8,862,344
Coal - 1.68%
James River Coal Company * (a)		97,100		3,510,165
Computers & Business Equipment - 1.37%
Parametric Technology Corp. *		188,960		2,875,971
Construction Materials - 1.95%
Clarcor, Inc. (a)		120,800		4,089,080

The accompanying notes are an integral part of the financial statements. 224

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Fund (continued)
	Shares or
	Principal
	Amount	Value
COMMON STOCKS (continued)
Cosmetics & Toiletries - 4.01%
Intermediate Parfums, Inc. (a)	267,500 $	4,681,250
Playtex Products, Inc. *	353,700	3,713,850
		8,395,100
Crude Petroleum & Natural Gas - 2.12%
Petroquest Energy, Inc. * (a)	474,900	4,440,315
Domestic Oil - 1.57%
Forest Oil Corp. *	66,300	3,291,795
Electrical Equipment - 2.98%
Encore Wire Corp. * (a)	107,100	3,340,449
Excel Technology, Inc. * (a)	97,100	2,899,406
		6,239,855
Electronics - 6.28%
Daktronics, Inc. (a)	166,400	5,897,216
Trimble Navigation, Ltd. *	177,100	7,245,161
		13,142,377
Gas & Pipeline Utilities - 2.08%
Dresser-Rand Group, Inc. * (a)	172,400	4,359,996
Healthcare Products - 7.91%
Cantel Medical Corp. * (a)	235,200	4,026,624
Hologic, Inc. * (a)	105,300	5,036,499
Inverness Medical Innovations, Inc. * (a)	166,700	4,415,883
Kensey Nash Corp. * (a)	126,100	3,086,928
		16,565,934
Healthcare Services - 1.08%
Healthspring, Inc. *	7,500	177,000
Radiation Therapy Services, Inc. * (a)	73,200	2,078,148
		2,255,148
Industrial Machinery - 3.02%
Presstek, Inc. * (a)	202,100	2,560,607
Watts Industries, Inc., Class A (a)	105,200	3,764,056
		6,324,663
Insurance - 6.63%
James River Group, Inc. * (a)	37,100	890,400
National Interstate Corp. * (a)	104,600	2,229,026
Philadelphia Consolidated Holding Corp. * (a)	56,000	5,992,000
Scottish Re Group, Ltd. (a)	190,900	4,772,500
		13,883,926
Internet Service Provider - 3.14%
Avocent Corp. * (a)	196,900	6,578,429
Internet Software - 1.71%
Lionbridge Technologies, Inc. * (a)	500,300	3,582,148
Leisure Time - 3.09%
Gaylord Entertainment Company * (a)	145,100	6,478,715
Medical-Hospitals - 1.41%
Lifepoint Hospitals, Inc. * (a)	95,200	2,956,912
Petroleum Services - 0.26%
Hercules Offshore, Inc. * (a)	17,700	538,080

Small Cap Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 1.38%
Prestige Brands Holdings, Inc. * (a)		258,000	$	2,884,440
Publishing - 1.90%
Courier Corp. (a)		100,600		3,970,682
Railroads & Equipment - 2.08%
Genesee & Wyoming, Inc., Class A * (a)		95,000		4,346,250
Retail Trade - 3.88%
Build A Bear Workshop, Inc. * (a)		135,800		3,928,694
Cost Plus, Inc. * (a)		218,300		4,189,177
				8,117,871
Sanitary Services - 1.64%
Aqua America, Inc. (a)		119,800		3,443,052
Software - 9.26%
Emageon, Inc. * (a)		119,700		2,100,735
Hyperion Solutions Corp. * (a)		102,300		3,432,165
Parametric Technology Corp. * (a)		0		0
Secure Computing Corp. * (a)		481,500		5,826,150
Take-Two Interactive Software, Inc. * (a)		210,600		3,281,148
Transaction Systems Architects, Inc., Class A *		142,600		4,757,136
				19,397,334
TOTAL COMMON STOCKS (Cost $178,669,224)			$	202,947,697
SHORT TERM INVESTMENTS - 44.04%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	92,214,294	$	92,214,294
TOTAL SHORT TERM INVESTMENTS
(Cost $92,214,294)			$	92,214,294
REPURCHASE AGREEMENTS - 3.02%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$6,329,563 on 03/01/2006,
collateralized by $6,540,000
Federal Home Loan Bank, 4.00%
due 03/10/2008 (valued at
$6,548,250, including interest) (c)	$	6,329,000	$	6,329,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,329,000)			$	6,329,000
Total Investments (Small Cap Fund)
(Cost $277,212,518) - 143.98%			$	301,490,991
Liabilities in Excess of Other Assets - (43.98)%				(92,093,817)
TOTAL NET ASSETS - 100.00%			$	209,397,174
Small Cap Index Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.32%
Advertising - 0.31%
aQuantive, Inc. *		2,625	$	69,799

The accompanying notes are an integral part of the financial statements. 225

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Advertising (continued)
Marchex, Inc., Class B *	959	$	21,040
ValueClick, Inc. *	4,066		71,196
Ventiv Health, Inc. *	1,264		35,215
			197,250
Aerospace - 1.38%
AAR Corp. *	1,526		38,623
ARGON ST, Inc. *	444		13,191
Armor Holdings, Inc. *	1,599		93,909
Aviall, Inc. *	1,550		59,133
BE Aerospace, Inc. *	2,677		64,221
Curtiss Wright Corp.	995		61,531
DRS Technologies, Inc.	1,761		92,928
EDO Corp.	778		22,663
Esterline Technologies Corp. *	1,166		48,552
GenCorp, Inc. *	2,568		49,434
HEICO Corp.	1,112		32,715
Herley Industries, Inc. *	715		13,449
Innovative Solutions & Support, Inc. *	677		9,553
Integral Systems, Inc.	612		17,142
K&F Industries Holdings, Inc. *	797		12,338
Moog, Inc., Class A *	1,574		52,823
MTC Technologies, Inc. *	496		13,685
Orbital Sciences Corp., Class A *	2,618		39,872
Sequa Corp., Class A *	301		25,558
Teledyne Technologies, Inc. *	1,552		51,418
Triumph Group, Inc. *	750		31,388
Woodward Governor Company	1,383		44,463
			888,589
Agriculture - 0.13%
Delta & Pine Land Company	1,736		43,938
Tejon Ranch Company *	420		19,908
The Andersons, Inc.	351		19,744
			83,590
Air Freight - 0.06%
ABX Air, Inc. *	2,861		22,945
ExpressJet Holdings, Inc. *	2,158		16,228
			39,173
Air Travel - 0.52%
Airtran Holdings, Inc. *	4,068		72,329
Alaska Air Group, Inc. *	1,279		40,992
Continental Airlines, Inc., Class B *	3,903		90,940
Frontier Airlines, Inc. *	1,759		12,665
Mesa Air Group, Inc. *	1,510		17,244
Republic Airways Holdings, Inc. *	758		10,627
SkyWest, Inc.	2,688		77,871
World Air Holdings, Inc. *	1,176		10,196
			332,864
Aluminum - 0.16%
Aleris International Inc. *	1,443		61,803

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Aluminum (continued)
Century Aluminum Company *	1,086	$	38,651
			100,454
Amusement & Theme Parks - 0.02%
Great Wolf Resorts, Inc. *	1,286		13,284
Apparel & Textiles - 1.23%
Brown Shoe, Inc.	866		41,308
Carter's, Inc. *	857		54,839
Cherokee, Inc.	426		16,418
Deckers Outdoor Corp. *	511		17,323
dELiA*s, Inc. *	971		8,652
Dixie Group, Inc. *	628		10,287
G & K Services, Class A	939		36,715
Guess, Inc. *	755		27,323
Hartmarx Corp. *	1,357		11,765
Interface, Inc., Class A *	2,226		24,664
Joseph A. Bank Clothiers, Inc. *	801		35,744
Kellwood Company	1,331		34,260
K-Swiss, Inc., Class A	1,198		34,958
Maidenform Brands, Inc. *	681		6,592
Movado Group, Inc.	958		20,884
Oakley, Inc.	1,171		17,823
Oxford Industries, Inc.	667		30,535
Perry Ellis International, Inc. *	545		11,995
Phillips - Van Heusen Corp.	1,536		54,528
Russell Corp.	1,606		22,934
Skechers United States of America, Inc.,
Class A *	1,107		23,468
Stage Stores, Inc.	1,310		38,200
Stride Rite Corp.	1,867		25,951
The Gymboree Corp. *	1,479		33,810
Under Armour, Inc. *	452		12,742
Unifirst Corp.	470		15,750
Warnaco Group, Inc. *	2,191		50,853
Wellman, Inc.	1,631		10,243
Wolverine World Wide, Inc.	2,734		60,312
			790,876
Auto Parts - 0.71%
Accuride Corp. *	559		6,328
Aftermarket Technology Corp. *	1,050		22,785
American Axle & Manufacturing Holdings, Inc.	1,979		32,099
Arvinmeritor, Inc.	3,290		55,075
Commercial Vehicle Group, Inc. *	717		13,121
CSK Auto Corp. *	2,182		34,716
Federal Signal Corp.	2,325		41,641
Hayes Lemmerz International, Inc. *	1,923		6,019
Keystone Automotive Industries, Inc. *	770		34,034
LKQ Corp. *	1,344		29,595
Modine Manufacturing Company	1,617		45,357
Noble International, Ltd.	660		10,131
Pep Boys - Manny, Moe & Jack	2,626		41,228
Standard Motor Products, Inc., Class A	804		8,530

The accompanying notes are an integral part of the financial statements. 226

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts (continued)
Strattec Security Corp. *	234	$	9,468
Superior Industries International, Inc.	1,057		22,778
Titan International, Inc.	759		13,161
Visteon Corp. *	6,061		28,244
			454,310
Auto Services - 0.14%
Dollar Thrifty Automotive Group, Inc. *	1,185		47,850
Lithia Motors, Inc., Class A	762		24,415
Midas, Inc. *	831		15,822
			88,087
Automobiles - 0.26%
Americas Car Mart, Inc. *	548		10,094
Monaco Coach Corp.	1,267		18,131
Monro Muffler Brake, Inc.	545		19,718
Rush Enterprises, Inc., Class A *	1,064		19,684
Tenneco, Inc. *	2,057		46,591
United Auto Group, Inc.	1,251		54,093
			168,311
Banking - 8.62%
1st Source Corp.	620		16,523
Alabama National BanCorp	664		46,194
Amcore Financial, Inc.	1,024		30,628
Americanwest BanCorp *	665		16,824
Ameris Bancorp	780		17,940
Ames National Corp.	487		11,995
Anchor BanCorp Wisconsin, Inc.	1,115		33,952
Arrow Financial Corp.	667		17,882
BancorpSouth, Inc.	3,617		86,880
Bank Granite Corp.	842		16,503
Bank Mutual Corp.	2,832		32,115
Bank of the Ozarks, Inc.	595		21,158
BankAtlantic Bancorp, Inc., Class A	2,092		28,556
BankFinancial Corp. *	1,358		21,592
BankUnited Financial Corp., Class A	1,268		35,428
Banner Corp.	614		19,648
Berkshire Hill Bancorp, Inc.	491		16,228
BFC Financial Corp. *	1,445		8,684
Boston Private Financial Holdings, Inc.	1,341		41,048
Brookline Bancorp, Inc.	3,012		45,210
Camden National Corp.	456		15,221
Capital City Bank Group, Inc.	608		21,231
Capital Corp of the West	508		17,089
Capital Crossing Bank *	369		11,841
Capitol Bancorp, Ltd.	639		27,694
Cardinal Financial Corp.	1,385		17,035
Cascade Bancorp	925		24,059
Cathay General Bancorp, Inc.	2,130		75,892
Centennial Bank Holdings Inc *	2,237		26,665
Center Financial Corp.	585		13,554
Central Pacific Financial Corp.	1,449		53,613
Chemical Financial Corp.	1,238		39,851

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Chittenden Corp.	2,175	$	62,618
Citizens & Northern Corp.	493		12,562
Citizens Banking Corp.	2,049		54,258
City Bank Lynnwood WA	483		20,441
Coastal Financial Corp.	1,014		13,415
CoBiz, Inc.	831		15,831
Columbia Banking System, Inc.	818		27,428
Community Bank Systems, Inc.	1,462		31,682
Community Banks, Inc.	1,085		30,217
Community Trust Bancorp, Inc.	771		24,456
Corus Bankshares, Inc.	869		52,183
CVB Financial Corp.	2,828		47,256
Digital Insight Corp. *	1,631		53,905
Dime Community Bancorp, Inc.	1,359		18,591
Doral Financial Corp.	4,012		44,774
Enterprise Financial Services Corp.	511		13,639
F.N.B. Corp.	2,725		44,935
Fidelity Bankshares, Inc.	1,081		34,516
Financial Institutions, Inc.	325		6,214
First BanCorp Puerto Rico	3,199		40,499
First Bancorp.	743		16,517
First Charter Corp.	1,468		35,981
First Citizens Bancshares, Inc.	274		51,282
First Commonwealth Financial Corp.	3,392		45,860
First Community Bancorp.	636		37,982
First Community Bancshares, Inc.	568		18,528
First Defiance Financial Corp.	463		12,774
First Financial BanCorp	1,697		28,696
First Financial Bankshares, Inc.	901		32,959
First Financial Corp.	733		21,037
First Financial Holdings, Inc.	696		22,495
First Indiana Corp.	705		19,451
First Merchants Corp.	977		25,168
First Midwest Bancorp, Inc.	2,146		72,170
First Niagara Financial Group, Inc.	5,413		76,269
First Place Financial Corp.	819		19,566
First Republic Bank	1,023		37,125
First State Bancorporation	828		21,379
FirstFed Financial Corp. *	787		47,228
Flagstar Bancorp, Inc.	1,635		25,261
Flushing Financial Corp.	1,093		18,122
Franklin Bank Corp. *	1,073		18,305
Frontier Financial Corp.	1,192		38,406
GB&T Bancshares, Inc.	753		15,700
Glacier Bancorp, Inc.	1,506		47,499
Gold Banc Corp., Inc.	1,933		35,355
Great Southern Bancorp, Inc.	577		16,254
Greater Bay Bancorp	2,413		64,910
Greenhill & Company, Inc.	557		36,372
Hancock Holding Company	1,264		56,438
Hanmi Financial Corp.	1,891		33,943
Harleysville National Corp.	1,349		29,880

The accompanying notes are an integral part of the financial statements. 227

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Heritage Commerce Corp.	717	$	16,469
Horizon Financial Corp.	686		16,649
IBERIABANK Corp.	489		28,245
Independent Bank Corp. - MA	799		24,210
Independent Bank Corp. - MI	1,113		30,018
Integra Bank Corp.	866		18,697
Interchange Financial Services Corp.	1,028		19,563
Irwin Financial Corp.	893		17,896
KNBT Bancorp, Inc.	1,637		25,897
Lakeland Bancorp, Inc.	1,096		17,076
Lakeland Financial Corp.	405		17,739
Macatawa Bank Corp.	535		19,554
MAF Bancorp, Inc.	1,531		65,619
Main Street Banks, Inc.	784		20,259
MainSource Financial Group, Inc.	778		14,222
MB Financial, Inc.	1,074		39,480
MBT Financial Corp.	887		14,902
Mercantile Bankcorp.	440		17,085
Mid-State Bancshares	1,123		32,309
Midwest Banc Holdings, Inc.	696		17,887
Nara Bancorp, Inc.	960		16,771
National Penn Bancshares, Inc.	2,120		44,350
Netbank, Inc.	2,331		17,366
Newalliance Bancshares, Inc.	5,346		75,860
Northern Empire Bancshares *	486		12,378
Northwest Bancorp, Inc.	959		21,788
Old National Bancorp	3,222		68,467
Old Second Bancorp, Inc.	733		23,397
Omega Financial Corp.	706		22,959
Oriental Financial Group, Inc.	1,064		15,173
Pacific Capital Bancorp	2,150		76,820
Park National Corp.	578		60,632
Partners Trust Financial Group, Inc.	2,446		28,814
Peapack Gladstone Financial Corp.	558		15,764
Pennfed Financial Services, Inc.	575		10,684
Peoples Bancorp, Inc.	561		16,527
PFF Bancorp, Inc.	945		29,701
PremierWest Bancorp	796		14,169
PrivateBancorp, Inc.	810		30,723
Prosperity Bancshares, Inc.	1,026		29,610
Provident Bankshares Corp.	1,568		57,028
Provident Financial Services, Inc.	3,415		63,519
Provident New York Bancorp	2,037		24,281
R & G Financial Corp., Class B	1,374		16,199
Renasant Corp.	602		20,751
Republic Bancorp, Inc.	3,724		45,172
S & T Bancorp, Inc.	1,304		47,518
S.Y. Bancorp, Inc.	744		18,436
Sandy Spring Bancorp, Inc.	768		27,241
SCBT Financial Corp.	548		19,180
Seacoast Banking Corp. of Florida	695		18,723
Security Bank Corp.	617		14,210

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Signature Bank *	564	$	18,274
Simmons First National Corp., Class A	766		21,808
Southwest Bancorp, Inc.	742		16,242
State Bancorp, Inc.	675		10,712
Sterling Bancorp	1,031		20,971
Sterling Bancshares, Inc.	2,197		39,151
Sterling Financial Corp., Pennsylvania	1,287		26,551
Sterling Financial Corp., Washington	1,642		47,519
Suffolk Bancorp	577		19,797
Summit Bankshares, Inc.	741		13,553
Susquehanna Bancshares, Inc.	2,216		53,428
SVB Financial Group *	1,653		84,286
TD Banknorth, Inc.	2,582		79,349
Texas Capital Bancshares, Inc. *	1,100		23,738
Texas Regional Bancshares, Inc., Class A	1,950		60,216
Tierone Corp.	914		30,162
Tompkins Trustco, Inc.	371		17,315
Trico Bancshares	677		17,521
TrustCo Bank Corp.	3,656		45,956
Trustmark Corp.	2,216		66,812
U.S.B. Holding Company, Inc.	629		13,813
UCBH Holdings, Inc.	4,311		77,167
Umpqua Holdings Corp.	2,119		57,065
Union Bankshares Corp.	476		21,472
United Bankshares, Inc.	1,764		66,097
United Community Banks, Inc.	1,534		41,955
Univest Corp. of Pennsylvania	616		15,074
Unizan Financial Corp.	1,122		30,631
Vineyard National Bancorp Company	470		14,100
Virginia Commerce Bancorp, Inc. *	550		19,965
Virginia Financial Group, Inc.	459		18,360
W Holding Company, Inc.	5,079		40,835
Washington Trust Bancorp, Inc.	654		17,769
Wesbanco, Inc.	1,114		35,370
West Bank Corp.	1,000		18,600
West Coast Bancorp.	798		21,538
Westamerica Bancorporation	1,547		83,909
Western Sierra Bancorp *	439		18,890
Wilshire Bancorp, Inc.	831		15,997
Wintrust Financial Corp.	1,118		58,896
Yardville National Bancorp	517		18,586
			5,534,502
Biotechnology - 1.95%
Aastrom Biosciences, Inc. *	4,960		8,482
Applera Corp. - Celera Genomics Group *	3,479		39,974
Arena Pharmaceuticals, Inc. *	1,717		30,408
Arqule, Inc. *	1,604		8,630
Bio Reference Labs, Inc. *	550		9,466
Bio-Rad Laboratories, Inc., Class A *	827		47,395
Cell Therapeutics, Inc. *	3,524		6,801
Cotherix, Inc. *	643		7,407

The accompanying notes are an integral part of the financial statements. 228

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology (continued)
deCODE genetics, Inc. *	2,615	$	24,633
Digene Corp. *	715		29,644
Discovery Laboratories, Inc. *	2,630		19,962
Exelixis, Inc. *	3,969		43,103
Genitope Corp. *	1,222		11,132
Geron Corp. *	3,014		27,005
Human Genome Sciences, Inc. *	6,138		76,848
ICOS Corp. *	3,013		72,704
Integra LifeSciences Holdings Corp. *	980		39,043
Intermune, Inc. *	1,215		23,158
Keryx Biopharmaceuticals, Inc. *	1,317		22,468
Lexicon Genetics, Inc. *	3,176		13,022
Martek Biosciences Corp. *	1,480		50,438
Medarex, Inc. *	5,248		77,461
MGI Pharma, Inc. *	3,626		63,926
Momenta Pharmaceuticals, Inc. *	442		10,537
Monogram Biosciences, Inc. *	6,036		12,012
Myogen, Inc. *	971		36,801
Myriad Genetics, Inc. *	1,733		44,503
Nabi Biopharmaceuticals *	2,795		11,487
Nektar Therapeutics *	4,014		83,933
Neurocrine Biosciences, Inc. *	1,722		112,980
Orchid Cellmark, Inc. *	1,278		8,550
PRA International *	540		14,229
Progenics Pharmaceuticals, Inc. *	960		28,320
Serologicals Corp. *	1,638		39,623
StemCells, Inc. *	2,993		10,865
Tanox, Inc. *	1,174		22,400
Telik, Inc. *	2,473		54,703
Trimeris, Inc. *	879		11,023
			1,255,076
Broadcasting - 0.53%
Citadel Broadcasting Corp.	2,070		23,060
Cox Radio, Inc., Class A *	1,831		25,323
Cumulus Media, Inc., Class A *	2,521		29,244
Emmis Communications Corp., Class A *	1,525		24,964
Entercom Communications Corp. *	1,676		47,213
Entravision Communications Corp., Class A *	3,683		27,365
Gray Television, Inc.	2,118		17,833
Journal Communications, Inc.	1,367		16,828
Mediacom Communications Corp., Class A *	3,010		16,976
Radio One, Inc., Class D *	3,915		32,651
Regent Communications, Inc. *	1,998		9,131
Saga Communications, Inc., Class A *	1,029		9,745
Salem Communications Corp., Class A *	636		8,891
Sinclair Broadcast Group, Inc., Class A	2,231		16,041
Spanish Broadcasting System, Inc., Class A *	1,961		11,001
World Wrestling Entertainment, Inc., Class A	1,095		16,370
WorldSpace, Inc. *	633		7,336
			339,972

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction - 1.30%
Apogee Enterprises, Inc.	1,377	$	23,808
Beacon Roofing Supply, Inc. *	792		31,094
Builders FirstSource, Inc. *	588		13,942
Corrections Corp. of America *	1,831		78,751
Dycom Industries, Inc. *	2,302		49,148
Eagle Materials, Inc.	2,565		138,844
ElkCorp.	955		34,476
Griffon Corp. *	1,376		32,364
Hughes Supply, Inc.	3,081		142,496
Infrasource Services, Inc. *	645		11,526
Interline Brands, Inc. *	625		14,531
Lennox International, Inc.	2,355		75,713
Levitt Corp., Class A	808		18,794
LSI Industries, Inc.	992		15,416
NCI Building Systems, Inc. *	977		56,353
Perini Corp. *	929		28,232
Trex Company, Inc. *	570		14,814
WCI Commmunities, Inc. *	1,626		41,040
Williams Scotsman International Inc *	531		11,857
			833,199
Business Services - 4.56%
ABM Industries, Inc.	1,900		35,055
Acxiom Corp.	4,114		106,470
Administaff, Inc.	927		43,986
ADVO, Inc.	1,494		48,032
AMERCO, Inc. *	484		42,999
Arbitron, Inc.	1,491		58,447
Banta Corp.	1,151		56,065
BearingPoint, Inc. *	8,608		76,697
Black Box Corp.	797		38,081
Bowne & Company, Inc.	1,634		24,330
Bright Horizons Family Solutions, Inc. *	1,292		43,295
Catalina Marketing Corp.	2,343		51,968
CDI Corp.	612		14,988
Central Parking Corp.	982		16,007
Clark, Inc.	838		8,849
Coinstar, Inc. *	1,215		31,347
Compucredit Corp. *	946		35,759
COMSYS IT Partners, Inc. *	676		7,889
CoStar Group, Inc. *	782		40,359
CRA International, Inc. *	537		25,105
CSG Systems International, Inc. *	2,369		52,071
DiamondCluster International, Inc., Class A *	1,466		14,323
eFunds Corp. *	2,132		57,735
Electro Rent Corp. *	946		14,095
Ennis Business Forms, Inc.	1,277		25,182
Euronet Worldwide, Inc. *	1,480		51,889
Exponent, Inc. *	467		14,851
FactSet Research Systems, Inc.	1,598		62,562
Forrester Research, Inc. *	657		14,855
FTI Consulting, Inc. *	1,817		50,767

The accompanying notes are an integral part of the financial statements. 229

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Gartner Group, Inc., Class A *	2,626	$	36,974
Geo Group, Inc. *	532		12,023
Gevity HR, Inc.	1,308		32,935
Global Cash Access, Inc. *	609		10,292
GSI Commerce, Inc. *	1,544		24,627
Healthcare Services Group, Inc.	1,295		23,906
Heidrick & Struggles International, Inc. *	939		34,743
Hudson Highland Group, Inc. *	1,145		18,996
Huron Consulting Group, Inc. *	347		9,522
Infocrossing, Inc. *	1,081		12,713
Informatica Corp. *	4,100		65,682
Insight Enterprises, Inc. *	2,308		49,691
Intervoice Brite, Inc. *	1,843		15,794
Jackson Hewitt Tax Service, Inc.	1,776		50,438
John H. Harland Company	1,284		46,468
Kanbay International, Inc. *	1,198		20,342
Kelly Services, Inc., Class A	899		24,264
Kforce, Inc. *	1,590		19,255
Korn/Ferry International *	1,621		34,122
Labor Ready, Inc. *	2,500		61,425
LECG Corp. *	741		11,982
MAXIMUS, Inc.	905		33,042
McGrath Rentcorp	995		27,382
MPS Group, Inc. *	4,832		73,156
Navigant Consulting Company *	2,312		45,061
NCO Group, Inc. *	1,543		34,671
Paxar Corp. *	1,665		31,935
Perot Systems Corp., Class A *	3,815		57,645
PHH Corp. *	2,445		69,903
Pre-Paid Legal Services, Inc.	466		16,827
Quest Software, Inc. *	3,016		43,943
Rent-Way, Inc. *	1,437		9,728
Resource America, Inc.	832		13,661
Resources Connection, Inc. *	2,230		61,370
Rollins, Inc.	1,389		26,905
Scansource, Inc. *	603		35,040
Seachange International, Inc. *	1,327		11,956
SFBC International, Inc. *	867		20,461
Sirva, Inc. *	1,145		9,160
Sonicwall, Inc. *	2,565		17,211
Sotheby's Holdings, Inc., Class A *	1,750		36,960
Source Interlink Companies *	1,598		17,178
SOURCECORP, Inc. *	776		19,866
Spherion Corp. *	2,947		29,411
StarTek, Inc.	631		12,431
TALX Corp.	1,342		42,890
Teletech Holdings, Inc. *	1,700		20,995
TETRA Technologies, Inc. *	2,464		43,884
Triple Crown Media, Inc. *	211		1,414
Tyler Technologies, Inc. *	1,798		17,818
URS Corp. *	1,897		82,690
Viad Corp.	1,080		34,571

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Viisage Technology, Inc. *	654	$	12,021
Volt Information Sciences, Inc. *	423		10,122
Watson Wyatt & Company Holdings	1,575		48,132
Wind River Systems, Inc. *	3,369		52,118
Wireless Facilities, Inc. *	2,726		12,267
Zhone Technologies, Inc. *	5,359		13,076
			2,927,153
Cable and Television - 0.18%
Charter Communications, Inc., Class A *	17,231		19,816
Lin TV Corp. *	1,377		12,847
LodgeNet Entertainment Corp. *	924		13,158
Superior Essex, Inc. *	897		23,474
Time Warner Telecom, Inc., Class A *	2,404		30,363
TiVo, Inc. *	2,748		15,251
			114,909
Cellular Communications - 0.40%
Brightpoint, Inc. *	1,908		53,977
Dobson Communications Corp., Class A *	6,489		46,980
Novatel Wireless, Inc *	1,382		11,277
RF Micro Devices, Inc. *	8,789		59,150
Syniverse Holdings, Inc. *	840		12,012
UbiquiTel, Inc. *	3,611		35,280
USA Mobility, Inc. *	1,269		36,573
			255,249
Chemicals - 1.37%
A. Schulman, Inc.	1,468		34,395
Albany Molecular Research, Inc. *	1,144		11,543
American Vanguard Corp.	545		15,647
Arch Chemicals, Inc.	1,137		32,086
Balchem Corp.	664		14,256
Cabot Microelectronics Corp. *	1,166		39,784
Calgon Carbon Corp.	1,834		14,269
Cambrex Corp.	1,276		23,632
CF Industries Holdings, Inc.	1,955		34,447
Ferro Corp.	1,976		39,678
Georgia Gulf Corp.	1,604		46,035
Glenayre Technologies, Inc. *	3,297		12,858
H.B. Fuller Company	1,329		53,957
Hercules, Inc. *	5,336		63,232
Innospec Inc	736		17,149
MacDermid, Inc.	1,451		42,688
Minerals Technologies, Inc.	941		50,372
Newmarket Corp. *	848		29,231
Olin Corp.	3,342		70,215
OM Group, Inc. *	1,360		28,846
Pioneer Companies, Inc. *	578		17,409
Polyone Corp. *	4,394		38,360
Rockwood Holdings, Inc. *	961		22,007
Terra Industries, Inc. *	4,383		31,075
Tronox, Inc.	664		10,159
UAP Holding Corp.	1,583		34,446

The accompanying notes are an integral part of the financial statements. 230

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
W. R. Grace & Company *	3,179	$	32,267
Westlake Chemical Corp.	625		21,450
			881,493
Coal - 0.10%
Foundation Coal Holdings, Inc.	1,111		44,440
James River Coal Company *	620		22,413
			66,853
Colleges & Universities - 0.19%
Corinthian Colleges, Inc. *	4,310		55,857
DeVry, Inc. *	2,735		64,218
			120,075
Commercial Services - 0.60%
CBIZ, Inc. *	3,039		22,063
Cenveo, Inc. *	2,332		32,858
Chemed Corp.	1,194		66,195
Color Kinetics, Inc. *	678		11,845
First Advantage Corp., Class A *	278		6,622
Morningstar, Inc. *	407		17,350
Odyssey Marine Exploration, Inc. *	2,033		7,624
Providence Service Corp. *	502		15,477
Shaw Group, Inc. *	3,606		120,260
TNS, Inc. *	530		8,533
Vertrue, Inc. *	393		17,315
Waste Services, Inc. *	3,159		10,804
Wright Express Corp. *	1,904		45,772
			382,718
Computers & Business Equipment - 3.03%
3Com Corp. *	18,034		83,858
3D Systems Corp. *	612		11,628
ADE Corp. *	495		16,375
Advanced Digital Information Corp. *	3,045		26,370
Agilysys, Inc.	1,448		20,692
Anteon International Corp. *	1,297		71,711
Applied Films Corp. *	751		14,427
Benchmark Electronics, Inc. *	1,923		67,728
Blue Coat Systems, Inc. *	494		10,488
Brocade Communications Systems, Inc. *	12,675		66,797
Cogent, Inc. *	1,120		26,051
Digi International, Inc. *	1,186		12,892
Dot Hill Systems Corp. *	2,151		14,541
Echelon Corp. *	1,484		12,020
Electronics for Imaging, Inc. *	2,523		67,667
Extreme Networks, Inc. *	5,787		26,794
Falconstor Software, Inc. *	1,264		11,755
FileNET Corp. *	1,939		49,910
Foundry Networks, Inc. *	5,721		80,323
Gateway, Inc. *	12,189		28,766
Henry, Jack & Associates, Inc.	3,393		74,680
Hypercom Corp. *	2,582		19,856
IHS, Inc., Class A *	480		12,067
InPhonic, Inc. *	799		4,490

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount	Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Intergraph Corp. *	1,307 $	47,392
Intermec, Inc. *	2,289	70,226
Ixia *	1,554	18,741
Komag, Inc. *	1,354	63,421
Kronos, Inc. *	1,500	61,515
Lexar Media, Inc. *	3,783	25,346
Maxtor Corp. *	11,933	114,557
Merge Technologies, Inc. *	894	17,281
Micros Systems, Inc. *	1,775	76,840
Mobility Electronics, Inc. *	1,318	12,429
MTS Systems Corp.	934	36,912
Ness Technologies, Inc. *	977	10,962
Netscout Systems, Inc. *	1,301	8,795
Palm, Inc. *	1,957	80,824
Parametric Technology Corp. *	5,103	77,665
Phoenix Technology, Ltd. *	1,382	9,577
Plexus Corp. *	2,036	68,328
Quantum Corp. *	8,752	31,245
Radiant Systems, Inc. *	1,167	16,665
RadiSys Corp. *	983	17,930
Rimage Corp. *	504	10,977
SI International, Inc. *	490	15,954
Silicon Storage Technology, Inc. *	4,178	18,884
Sonic Solutions *	1,161	21,072
Standard Microsystems Corp. *	981	31,902
Stratasys, Inc. *	534	14,669
Sykes Enterprises, Inc. *	1,234	16,437
Synaptics, Inc. *	1,050	24,664
Trident Microsystems, Inc. *	2,357	65,855
Witness Systems, Inc. *	1,299	30,435
		1,949,386
Construction & Mining Equipment - 0.47%
A.S.V., Inc. *	847	27,256
Astec Industries, Inc. *	749	26,904
Bucyrus International, Inc., Class A	954	60,083
Carbo Ceramics, Inc.	927	50,753
Dril-Quip, Inc. *	337	17,120
Gulf Islands Fabrication, Inc.	529	12,024
Kaman Corp., Class A	1,063	24,141
Layne Christensen Company *	501	13,973
Washington Group International, Inc. *	1,210	70,628
		302,882
Construction Materials - 1.17%
Ameron International Corp.	428	25,423
Applied Industrial Technologies, Inc.	1,426	61,004
Clarcor, Inc.	2,419	81,883
Comfort Systems USA, Inc.	1,965	21,595
EMCOR Group, Inc. *	1,438	62,683
Granite Construction, Inc.	1,624	75,272
JLG Industries, Inc.	2,360	139,216

The accompanying notes are an integral part of the financial statements. 231

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials (continued)
Regal-Beloit Corp.	1,157	$	46,558
Simpson Manufacturing, Inc.	1,696		66,297
Standex International Corp.	685		21,831
Trinity Industries, Inc.	1,922		101,866
Universal Forest Products, Inc.	738		45,631
			749,259
Containers & Glass - 0.43%
Graphic Packaging Corp. *	3,160		8,216
Greif, Inc., Class A	723		41,869
Jarden Corp. *	3,042		91,229
Longview Fibre Company	2,385		44,886
Mobile Mini, Inc. *	710		38,681
Silgan Holdings, Inc.	1,043		41,115
TAL International Group Inc. *	373		7,960
			273,956
Cosmetics & Toiletries - 0.28%
Chattem, Inc. *	849		33,103
Elizabeth Arden, Inc. *	1,247		30,427
Nature's Sunshine Products, Inc.	589		9,995
Nu Skin Enterprises, Inc., Class A	2,655		48,002
Parlux Fragrances, Inc. *	325		11,242
Playtex Products, Inc. *	1,950		20,475
Revlon, Inc., Class A *	7,015		23,711
			176,955
Crude Petroleum & Natural Gas - 1.00%
Bois d'Arc Energy, Inc. *	644		9,660
Cabot Oil & Gas Corp., Class A	2,281		103,238
Cascade Natural Gas Corp.	839		16,444
Cimarex Energy Company *	3,774		160,999
Edge Petroleum Corp. *	833		23,274
Endeavour International Corp. *	2,845		8,763
FX Energy, Inc. *	1,714		9,478
Gasco Energy, Inc. *	3,083		17,604
Goodrich Petroleum Corp. *	505		12,211
Harvest Natural Resources, Inc. *	1,819		16,389
Hydril *	902		60,741
Parallel Petroleum Corp. *	1,640		27,896
Penn Virginia Corp.	876		54,181
Petroquest Energy, Inc. *	1,953		18,261
Swift Energy Company *	1,323		51,279
Toreador Resources Corp. *	686		20,559
Tri-Valley Corp. *	1,166		9,608
W&T Offshore, Inc.	578		22,490
			643,075
Domestic Oil - 1.82%
Atlas America, Inc. *	579		38,787
Berry Petroleum Company, Class A	808		54,580
Brigham Exploration Company *	1,250		10,712
Carrizo Oil & Gas, Inc. *	946		22,032
Comstock Resources, Inc. *	1,912		53,727
Delta Petroleum Corp. *	1,535		29,948

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil (continued)
Encore Aquisition Company *	2,313	$	70,870
Energy Partners, Ltd. *	1,574		36,186
Frontier Oil Corp.	2,558		118,308
Giant Industries, Inc. *	680		39,576
Holly Corp.	960		57,312
Houston Exploration Company *	1,333		77,101
KCS Energy, Inc. *	2,322		54,799
McMoran Exploration Company *	1,017		17,991
Meridian Resource Corp. *	4,159		17,634
Oil States International, Inc. *	1,910		65,952
Remington Oil Gas Corp. *	1,100		46,090
St. Mary Land & Exploration Company	2,667		102,386
Stone Energy Corp. *	1,114		46,120
Syntroleum Corp. *	1,867		16,467
TETRA Technologies, Inc. *	1,610		60,536
Warren Resources, Inc. *	1,035		15,142
Whiting Petroleum Corp. *	1,536		62,362
Williams Clayton Energy, Inc. *	295		12,824
World Fuel Services Corp.	1,279		38,754
			1,166,196
Drugs & Health Care - 2.34%
1 800 Contacts *	520		7,025
Abaxis, Inc. *	996		21,902
Abiomed, Inc. *	1,039		10,806
Acadia Pharmaceuticals, Inc. *	872		13,054
Alpharma, Inc., Class A	1,858		56,204
Antigenics, Inc. *	1,515		9,257
Ariad Pharmaceuticals, Inc. *	2,908		19,513
Arrow International, Inc.	1,012		31,311
Beverly Enterprises, Inc. *	5,140		63,530
Bioenvision, Inc. *	1,988		16,739
Biomarin Pharmaceutical, Inc. *	3,501		45,793
Candela Corp. *	1,138		21,793
Cell Genesys, Inc. *	2,268		15,967
CNS, Inc.	690		14,345
Conmed Corp. *	1,405		27,201
Conor Medsystems, Inc. *	406		10,454
Curagen Corp. *	2,329		11,622
Curis, Inc. *	2,489		6,222
CV Therapeutics, Inc. *	2,049		55,139
Datascope Corp.	589		22,470
Dendreon Corp. *	2,829		13,777
Diversa Corp. *	1,260		9,967
DOV Pharmaceutical, Inc. *	1,111		21,387
Durect Corp., Inc. *	1,889		10,748
Enzo Biochem, Inc. *	1,334		17,569
Enzon Pharmaceuticals, Inc. *	2,150		14,534
Gentiva Health Services, Inc. *	1,174		19,559
Healthextras, Inc. *	1,006		31,146
I-Flow Corp. *	992		13,620
Illumina, Inc. *	1,713		43,562

The accompanying notes are an integral part of the financial statements. 232

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Drugs & Health Care (continued)
Immucor Corp. *	2,133	$	63,606
Immunogen, Inc. *	2,065		9,437
Intuitive Surgical, Inc. *	1,623		146,395
Invacare Corp.	1,443		45,180
K-V Pharmaceutical Company, Class A *	1,716		39,416
Landauer, Inc.	448		20,608
Luminex Corp. *	1,296		18,144
Mannatech, Inc.	788		10,551
Matria Healthcare, Inc. *	976		42,231
Maxygen, Inc. *	1,293		10,060
Mentor Corp.	1,498		64,474
Meridian Bioscience, Inc.	885		19,727
Molina Healthcare, Inc. *	537		15,256
Nanogen, Inc. *	2,510		6,325
NeoPharm, Inc. *	874		8,845
Neurogen Corp. *	1,228		8,277
New River Pharmaceuticals, Inc. *	574		17,553
Northfield Laboratories, Inc. *	1,154		12,082
Option Care, Inc.	1,097		15,380
OraSure Technologies, Inc. *	2,154		20,506
Parexel International Corp. *	1,267		32,461
Perrigo Company	3,992		63,433
Res-Care, Inc. *	1,014		18,546
Savient Pharmaceuticals, Inc. *	3,051		15,774
Seattle Genetics, Inc. *	1,383		7,302
Vital Signs, Inc.	287		14,654
West Pharmaceutical Services, Inc.	1,472		47,531
Zymogenetics, Inc. *	1,456		32,236
			1,502,206
Educational Services - 0.22%
eCollege.com *	876		18,072
Educate, Inc. *	910		7,835
Leapfrog Enterprises, Inc., Class A *	1,552		18,081
Strayer Education, Inc.	694		66,853
Universal Technical Institute, Inc. *	1,032		31,796
			142,637
Electrical Equipment - 1.50%
A.O. Smith Corp.	779		36,068
American Science & Engineering, Inc. *	390		29,675
Anaren, Inc. *	907		15,582
Anixter International, Inc. *	1,466		67,069
Artesyn Technologies, Inc. *	1,828		19,925
Audiovox Corp., Class A *	854		10,906
Baldor Electric Company	1,594		51,406
C & D Technologies, Inc.	1,326		11,324
Cohu, Inc.	1,036		21,880
DTS, Inc. *	882		16,273
Encore Wire Corp. *	779		24,297
Excel Technology, Inc. *	618		18,453
General Cable Corp. *	1,884		50,868
Genlyte Group, Inc. *	1,129		69,863

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
Global Power Equipment Group, Inc. *	1,836	$	9,290
Greatbatch, Inc. *	1,034		22,862
Littelfuse, Inc. *	1,089		31,298
Methode Electronics, Inc., Class A	1,791		21,976
Metrologic Instruments, Inc. *	583		13,065
Plug Power, Inc. *	2,455		12,496
Power-One, Inc. *	3,567		20,225
Sirf Technology Holdings, Inc. *	1,633		61,123
Ultralife Batteries, Inc. *	780		9,711
Universal Electronics, Inc. *	786		14,117
Varian, Inc. *	1,500		59,850
Vicor Corp.	914		18,179
W.H. Brady Company, Class A	1,923		71,113
Watsco, Inc.	994		69,202
Wesco International, Inc. *	1,480		84,834
			962,930
Electrical Utilities - 1.42%
Allete, Inc.	1,190		55,537
Avista Corp.	2,316		45,394
Black Hills Corp.	1,527		52,788
Central Vermont Public Service Corp.	746		15,972
CH Energy Group, Inc.	760		37,316
Cleco Corp.	2,368		53,256
Connecticut Water Service, Inc.	606		15,368
Duquesne Light Holdings, Inc.	3,642		63,189
El Paso Electric Company *	2,279		46,606
Empire District Electric Company	1,282		28,358
IDACORP, Inc.	1,973		64,991
ITC Holdings Corp.	601		15,662
MGE Energy, Inc.	992		33,252
NorthWestern Corp.	1,689		54,774
Otter Tail Corp.	1,389		43,267
Pike Electric Corp. *	647		12,325
Quanta Services, Inc. *	5,463		74,788
Sierra Pacific Resources *	8,167		116,298
UIL Holding Corp.	696		35,670
Unisource Energy Corp.	1,626		49,447
			914,258
Electronics - 1.81%
Adaptec, Inc. *	5,332		33,378
Analogic Corp.	663		35,769
Ansoft Corp. *	339		13,279
August Technology Corp. *	937		9,417
Bel Fuse, Inc., Class B	573		18,972
Belden CDT, Inc.	2,029		52,308
Bell Microproducts, Inc. *	1,506		9,051
Checkpoint Systems, Inc. *	1,772		50,608
CTS Corp.	1,763		21,773
Cubic Corp.	792		17,123
Daktronics, Inc.	737		26,119
Electro Scientific Industries, Inc. *	1,345		33,571

The accompanying notes are an integral part of the financial statements. 233

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Enersys *	2,190	$	29,740
Fargo Electronics, Inc. *	653		12,361
FEI Company *	1,143		22,872
Franklin Electric, Inc.	1,055		47,317
Hutchinson Technology, Inc. *	1,200		33,012
Identix, Inc. *	4,329		35,368
II-VI, Inc. *	1,121		20,391
Imation Corp.	1,552		68,055
Integrated Silicon Solution, Inc. *	1,806		11,414
Itron, Inc. *	1,094		65,049
Keithley Instruments, Inc.	684		10,315
Kemet Corp. *	4,089		36,433
LaBarge, Inc. *	544		9,107
LeCroy Corp. *	651		9,635
LoJack Corp. *	815		18,541
Measurement Specialties, Inc. *	608		14,847
Medis Technologies, Ltd. *	730		13,870
Mentor Graphics Corp. *	3,736		41,955
Mercury Computer Systems, Inc. *	1,039		17,912
Multi-Fineline Electronix, Inc. *	377		21,466
OSI Systems, Inc. *	757		15,708
Park Electrochemical Corp.	954		27,542
Photon Dynamics, Inc. *	825		17,482
Portalplayer, Inc. *	722		18,238
Rogers Corp. *	799		39,183
Supertex, Inc. *	475		15,993
Sycamore Networks, Inc. *	8,305		38,784
Taser International, Inc. *	2,922		27,934
Technitrol, Inc.	1,927		42,163
TTM Technologies, Inc. *	2,000		25,820
Universal Display Corp. *	1,154		16,387
X-Rite, Inc.	1,137		14,497
			1,160,759
Energy - 0.69%
Alon USA Energy, Inc. *	508		9,881
Covanta Holding Corp. *	5,089		88,294
Evergreen Solar, Inc. *	1,862		29,029
Fuelcell Energy, Inc. *	2,281		25,387
Hanover Compressor Company *	4,255		65,016
Headwaters, Inc. *	1,938		71,939
KFx, Inc. *	2,780		58,046
New Jersey Resources Corp.	1,286		57,870
Pioneer Drilling Company *	938		13,498
Quantum Fuel Systems Technologies
Worldwide, Inc. *	2,314		10,482
SunPower Corp, Class A. *	334		14,663
			444,105
Financial Services - 2.76%
Accredited Home Lenders Holding Company *	833		44,407
Ace Cash Express, Inc. *	590		14,532

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Advance America Cash Advance Centers,
Inc.	3,235	$	44,999
Advanta Corp., Class B	920		32,264
Archipelago Holdings, Inc. *	1,379		88,808
Asset Acceptance Capital Corp. *	440		8,796
Asta Funding, Inc.	512		17,828
Bankrate, Inc. *	454		16,412
Calamos Asset Management, Inc.	1,110		42,591
Charter Municipal Mortgage Acceptance
Company, SBI	1,963		43,323
City Holding Company	889		32,369
Collegiate Funding Services *	776		15,512
Commercial Capital Bancorp, Inc.	2,113		30,279
Delphi Financial Group, Inc.	1,333		69,423
Encore Capital Group, Inc. *	724		12,482
Federal Agricultural Mortgage Corp., Class C	570		17,020
Financial Federal Corp.	1,265		35,318
Fremont General Corp.	3,038		72,061
Fulton Financial Corp.	830		14,608
GFI Group, Inc. *	285		17,117
Harbor Florida Bancshares, Inc.	1,008		38,314
Heartland Payment Systems, Inc. *	268		5,909
Intercontinental Exchange Inc. *	702		38,435
International Securities Exchange, Inc. *	560		23,638
Investment Technology Group, Inc. *	1,859		84,547
Investors Bancorp Inc. *	1,559		19,410
Investors Real Estate Trust, SBI	2,400		22,704
Ipayment, Inc. *	599		25,595
ITLA Capital Corp. *	336		15,550
Knight Capital Group, Inc. *	5,088		64,058
LaBranche & Company, Inc. *	2,550		36,083
MarketAxess Holdings, Inc. *	1,159		15,241
Moneygram International, Inc.	4,044		115,942
Nasdaq Stock Market, Inc. *	2,093		84,787
National Financial Partners Corp.	1,662		97,809
NBT Bancorp, Inc.	1,562		35,739
Ocwen Financial Corp. *	1,778		17,460
optionsXpress Holdings, Inc.	1,003		30,872
Piper Jaffray Companies, Inc. *	984		48,885
Portfolio Recovery Associates, Inc. *	753		36,829
Sanders Morris Harris Group, Inc.	729		11,649
Stifel Financial Corp. *	428		16,405
SWS Group, Inc.	849		20,690
UMB Financial Corp.	712		48,160
United Community Financial Corp.	1,566		19,168
Waddell & Reed Financial, Inc., Class A	3,605		83,960
World Acceptance Corp. *	930		23,975
WSFS Financial Corp.	321		19,353
			1,771,316
Food & Beverages - 1.37%
Bob Evans Farms, Inc.	1,670		48,714
Buffalo Wild Wings, Inc. *	384		14,565

The accompanying notes are an integral part of the financial statements. 234

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
Chiquita Brands International, Inc.	1,961	$	33,768
Coca-Cola Bottling Company	296		13,388
Corn Products International, Inc.	3,512		94,684
Denny's Corp. *	4,376		19,473
Domino's Pizza, Inc.	1,495		38,123
Fisher Communications, Inc. *	354		15,151
Flowers Foods, Inc.	2,353		64,708
Gold Kist, Inc. *	2,456		32,591
Green Medium Term Note Coffee, Inc. *	243		9,965
Hain Celestial Group, Inc. *	1,410		32,909
Hansen Natural Corp. *	695		64,871
J & J Snack Foods Corp.	648		22,000
John B. Sanfilippo & Son, Inc. *	458		6,687
Lance, Inc.	1,496		32,523
Nuco2, Inc. *	560		16,772
Peets Coffee & Tea, Inc. *	678		20,299
Performance Food Group Company *	1,772		52,044
Ralcorp Holdings, Inc. *	1,406		54,300
Ruth's Chris Steak House, Inc. *	671		14,440
Sanderson Farms, Inc.	864		20,149
Seabord Corp.	16		23,904
Sensient Technologies Corp.	2,284		40,929
Spartan Stores, Inc.	1,084		12,780
The Steak & Shake Company *	1,343		24,483
Tootsie Roll Industries, Inc.	1,197		33,827
USANA Health Sciences, Inc. *	491		21,187
			879,234
Forest Products - 0.06%
Caraustar Industries, Inc. *	1,451		14,757
Deltic Timber Corp.	504		26,339
			41,096
Funeral Services - 0.09%
Alderwoods Group, Inc. *	1,922		32,828
Stewart Enterprises, Inc., Class A	5,035		25,527
			58,355
Furniture & Fixtures - 0.35%
American Woodmark Corp.	553		18,802
Ethan Allen Interiors, Inc.	1,629		66,317
Furniture Brands International, Inc.	2,273		56,189
Hooker Furniture Corp.	609		9,360
Kimball International, Inc., Class B	1,229		17,415
La-Z-Boy, Inc.	2,472		39,428
Stanley Furniture Company, Inc.	684		17,442
			224,953
Gas & Pipeline Utilities - 1.17%
American States Water Company	829		28,592
Aquila, Inc. *	17,495		68,230
Bill Barrett Corp. *	607		20,104
California Water Service Group	827		36,189
Crosstex Energy, Inc.	302		24,030
Global Industries, Ltd. *	3,908		49,671

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities (continued)
Maverick Tube Corp. *	1,996	$	92,874
Middlesex Water Company	702		13,549
Nicor, Inc.	1,986		85,259
Northwest Natural Gas Company	1,303		44,615
Peoples Energy Corp.	1,733		63,618
South Jersey Industries, Inc.	1,330		38,038
Southwest Gas Corp.	1,779		50,737
Southwest Water Company	1,144		20,672
The Laclede Group, Inc.	1,019		34,330
Transmontaigne, Inc. *	2,066		15,578
WGL Holdings, Inc.	2,230		68,684
			754,770
Gold - 0.04%
Royal Gold, Inc.	869		27,313
Healthcare Products - 2.38%
Align Technology, Inc. *	2,959		24,145
American Medical Systems Holdings, Inc. *	3,255		70,536
Arthrocare Corp. *	1,143		51,629
Aspect Medical Systems, Inc. *	777		20,816
Biosite, Inc. *	802		43,372
Bruker BioSciences Corp. *	1,958		8,752
Caliper Life Sciences, Inc. *	1,462		9,693
Cantel Medical Corp. *	564		9,656
Computer Programs & Systems, Inc.	398		18,292
Cyberonics, Inc. *	1,009		27,414
Cypress Biosciences, Inc. *	1,518		9,078
Diagnostic Products Corp.	1,070		49,380
DJ Orthopedics, Inc. *	1,032		35,996
Encore Medical Corp. *	2,065		12,307
Foxhollow Technologies, Inc. *	657		17,450
Haemonetics Corp. *	1,208		62,574
Health Tronics, Inc. *	1,671		12,148
Hologic, Inc. *	2,039		97,525
ICU Medical, Inc. *	680		23,868
Intralase Corp. *	646		11,970
Inverness Medical Innovations, Inc. *	967		25,616
Kensey Nash Corp. *	494		12,093
Kyphon, Inc. *	1,363		48,673
LCA-Vision, Inc.	960		41,856
LifeCell Corp. *	1,514		33,399
Lifeline Systems, Inc. *	620		29,562
Mannkind Corp. *	1,210		20,921
Merit Medical Systems, Inc. *	1,324		18,867
Molecular Devices Corp. *	837		26,642
Nuvasive, Inc. *	767		14,182
Owens & Minor, Inc.	1,866		59,507
Polymedica Corp.	1,145		46,304
PSS World Medical, Inc. *	3,050		52,704
Somanetics Corp. *	505		12,787
SonoSite, Inc. *	748		30,189
STERIS Corp.	3,223		79,834

The accompanying notes are an integral part of the financial statements. 235

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
SurModics, Inc. *	721	$	27,946
Sybron Dental Specialties, Inc. *	1,871		71,584
Symmetry Medical, Inc. *	400		8,288
The Medicines Company *	2,340		47,713
Thermogenesis Corp. *	2,347		9,365
Thoratec Corp. *	2,288		46,035
Tripath Imaging, Inc. *	1,531		9,906
Ventana Medical Systems, Inc. *	1,479		53,643
Viasys Healthcare, Inc. *	1,468		42,836
Wright Medical Group, Inc. *	1,402		27,101
Zoll Medical Corp. *	525		13,781
			1,527,935
Healthcare Services - 1.48%
Allied Healthcare International, Inc. *	1,584		7,667
Amedisys, Inc. *	740		23,813
America Service Group, Inc. *	580		10,469
American Dental Partners, Inc. *	638		8,313
American Retirement Corp. *	1,334		35,911
AMN Healthcare Services, Inc. *	601		12,465
Apria Healthcare Group, Inc. *	2,301		52,900
Barrier Therapeutics, Inc. *	782		7,906
Brookdale Senior Living, Inc.	317		10,496
CorVel Corp. *	360		7,020
Cross Country Healthcare, Inc. *	1,558		28,527
Eclipsys Corp. *	1,820		46,810
Genesis HealthCare Corp. *	937		37,246
Healthways Inc *	1,559		67,894
Hooper Holmes, Inc.	3,576		10,156
Horizon Health Corp. *	539		12,435
Intermagnetics General Corp. *	1,997		58,737
Kindred Healthcare, Inc. *	1,335		28,863
Magellan Health Services, Inc. *	1,298		49,571
National Healthcare Corp.	337		13,665
Nitromed, Inc. *	784		9,212
Odyssey Healthcare, Inc. *	1,647		30,996
PainCare Holdings, Inc. *	2,283		6,986
Pediatrix Medical Group, Inc. *	1,076		101,553
Per-Se Technologies, Inc. *	1,465		37,006
Phase Forward, Inc. *	1,085		10,785
Radiation Therapy Services, Inc. *	529		15,018
Symbion, Inc. *	848		19,996
The Advisory Board Company *	908		49,005
United Surgical Partners International, Inc. *	2,037		71,601
US Physical Therapy, Inc. *	678		13,051
Vistacare, Inc. *	589		7,981
WebMD Health Corp. *	298		11,074
Wellcare Health Plans, Inc. *	875		34,081
			949,209
Holdings Companies/Conglomerates - 0.04%
United Industrial Corp.	481		24,849

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders - 0.33%
Champion Enterprises, Inc. *	3,576	$	55,500
Palm Harbor Homes, Inc. *	509		10,664
Schottenstein Homes, Inc.	585		24,640
Walter Industries, Inc.	1,695		111,582
William Lyon Homes, Inc. *	115		9,786
			212,172
Hotels & Restaurants - 1.37%
AFC Enterprises, Inc. *	1,027		15,960
Ameristar Casinos, Inc.	1,173		25,912
Aztar Corp. *	1,652		49,857
BJ's Restaurants, Inc. *	709		18,002
California Pizza Kitchen, Inc. *	919		27,625
CEC Entertainment, Inc. *	1,632		53,138
CKE Restaurants, Inc.	2,783		47,339
Dave & Buster's, Inc. *	783		14,094
IHOP Corp.	892		45,403
Jack In the Box, Inc. *	1,697		67,880
Krispy Kreme Doughnuts, Inc. *	2,687		18,137
Landry's Restaurants, Inc.	771		23,801
Lodgian, Inc. *	1,317		16,515
Lone Star Steakhouse & Saloon, Inc.	860		23,186
Luby's Cafeterias, Inc. *	1,118		16,669
Magna Entertainment Corp., Class A *	1,908		12,803
Marcus Corp.	1,000		16,430
McCormick & Schmick's Seafood
Restaurants, Inc. *	409		9,583
MTR Gaming Group, Inc. *	1,233		12,293
O'Charley's, Inc. *	1,117		19,838
P.F. Chang's China Bistro, Inc. *	1,221		59,023
Papa Johns International, Inc. *	1,028		33,821
RARE Hospitality International, Inc. *	1,602		51,264
Red Robin Gourmet Burgers, Inc. *	668		26,713
Ruby Tuesday, Inc.	2,988		85,307
Ryan's Restaurant Group, Inc. *	2,035		26,882
Texas Roadhouse, Inc., Class A *	1,990		30,566
Triarc Companies, Inc.	2,071		32,308
			880,349
Household Appliances - 0.29%
Bassett Furniture Industries, Inc.	677		13,059
Consolidated Tomoka Land Company	283		18,395
Drew Industries, Inc. *	738		23,948
Jacuzzi Brands, Inc. *	3,646		35,658
Libbey, Inc.	794		7,035
Lifetime Brands, Inc.	390		8,806
Maytag Corp.	3,747		64,449
Technical Olympic USA, Inc.	749		15,864
			187,214
Household Products - 0.41%
Blyth, Inc.	1,278		28,474
Central Garden & Pet Company *	916		49,794

The accompanying notes are an integral part of the financial statements. 236

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products (continued)
Martha Stewart Living
Omnimedia, Inc., Class A *	1,060	$	18,338
Select Comfort Corp. *	1,701		62,172
Tupperware Corp.	2,491		52,784
TurboChef Technologies, Inc. *	623		8,286
Water Pik Technology, Inc. *	704		19,395
WD-40 Company	878		26,805
			266,048
Industrial Machinery - 2.22%
Actuant Corp., Class A	1,259		69,371
AGCO Corp. *	4,159		81,308
Albany International Corp., Class A	1,347		50,068
Badger Meter, Inc.	312		16,673
Briggs & Stratton Corp.	2,401		85,187
Cascade Corp.	575		29,819
Ceradyne, Inc. *	1,149		69,951
Circor International, Inc.	794		21,914
Cognex Corp.	1,926		52,984
Dionex Corp. *	960		52,675
Energy Conversion Devices, Inc. *	945		44,273
EnPro Industries, Inc. *	997		32,672
Flowserve Corp. *	2,575		132,355
Gardner Denver, Inc. *	1,182		72,528
Gehl Company *	579		19,159
Gorman Rupp Company	546		12,432
Kadant, Inc. *	777		14,678
Kennametal, Inc.	1,756		102,691
Lindsay Manufacturing Company	639		15,656
Lufkin Industries, Inc.	666		34,472
Manitowoc, Inc.	1,393		107,359
Middleby Corp. *	251		23,770
NACCO Industries, Inc., Class A	241		33,451
Presstek, Inc. *	1,452		18,397
Robbins & Myers, Inc.	655		13,742
Rofin Sinar Technologies, Inc. *	722		38,035
Stewart & Stevenson Services, Inc.	1,374		47,334
Tecumseh Products Company, Class A	809		18,291
Tennant Company	396		18,493
Tredegar Industries, Inc.	1,389		22,919
Valmont Industries, Inc.	826		30,042
Watts Industries, Inc., Class A	1,196		42,793
			1,425,492
Industrials - 0.31%
Brookfield Homes Corp.	688		34,200
Clean Harbors, Inc. *	751		24,768
Crane Company	2,416		92,992
GrafTech International, Ltd. *	4,689		23,914
Intevac, Inc. *	1,050		23,027
			198,901
Insurance - 2.03%
21st Century Insurance Group	1,611		26,098

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Alfa Corp.	1,629	$	26,194
American Equity Investment Life Holding
Company	1,659		22,214
American Physicians Capital, Inc. *	391		19,272
Argonaut Group, Inc. *	1,350		49,302
Bristol West Holdings, Inc.	892		16,538
Ceres Group, Inc. *	2,081		11,258
Citizens, Inc. Class A *	1,996		10,619
CNA Surety Corp. *	834		14,495
Crawford & Company, Class B	1,347		8,163
Direct General Corp.	805		12,872
Donegal Group, Inc.	558		13,643
FBL Financial Group, Inc., Class A	683		23,372
First Acceptance Corp. *	965		11,821
FPIC Insurance Group, Inc. *	524		18,413
Harleysville Group, Inc.	686		18,062
Hilb, Rogal and Hamilton Company	1,519		58,709
Horace Mann Educators Corp.	2,071		38,624
Infinity Property & Casualty Corp.	1,004		39,819
KMG America Corp. *	1,202		12,621
LandAmerica Financial Group, Inc.	852		56,828
Midland Company	539		18,148
National Western Life Insurance Company,
Class A *	111		24,760
Navigators Group, Inc. *	470		22,043
Ohio Casualty Corp.	2,960		90,606
Phoenix Companies, Inc.	4,501		64,589
PICO Holdings, Inc. *	430		14,521
PMA Capital Corp., Class A *	1,682		16,181
Presidential Life Corp.	1,050		23,006
ProAssurance Corp. *	1,340		68,729
RLI Corp.	1,087		57,307
Safety Insurance Group, Inc.	601		25,981
Selective Insurance Group, Inc.	1,352		73,306
State Auto Financial Corp.	705		22,969
Stewart Information Services Corp.	816		38,311
Tower Group, Inc.	863		15,612
Triad Guaranty, Inc. *	460		20,879
U.S.I. Holdings Corp. *	2,184		31,319
UICI	1,661		60,942
United Fire & Casualty Company	824		29,491
Universal American Financial Corp. *	1,267		19,195
Zenith National Insurance Corp.	1,142		58,813
			1,305,645
International Oil - 0.27%
ATP Oil & Gas Corp. *	861		32,072
Callon Petroleum Company *	686		12,128
Cheniere Energy, Inc. *	2,250		89,213
Parker Drilling Company *	4,544		42,032
			175,445

The accompanying notes are an integral part of the financial statements. 237

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Content - 0.71%
Alloy Inc. *	485	$	6,387
AMICAS, Inc. *	2,375		11,661
Applied Digital Solutions, Inc. *	3,130		8,451
Audible, Inc. *	1,160		11,751
Autobytel, Inc. *	2,185		10,204
CMGI, Inc. *	22,582		32,970
CNET Networks, Inc. *	6,010		83,178
Digitas, Inc. *	4,188		59,176
Harris Interactive, Inc. *	2,588		14,545
InfoSpace, Inc. *	1,449		34,935
Internet Cap Group, Inc. *	1,836		16,708
iVillage, Inc. *	2,247		18,313
Jupitermedia Corp. *	958		14,217
NetFlix, Inc. *	1,721		46,140
Netratings, Inc. *	689		8,978
ProQuest Company *	1,207		25,709
RightNow Technologies, Inc. *	538		8,872
Schawk, Inc., Class A	623		15,482
Sohu.com, Inc. *	1,176		24,731
WebSideStory, Inc. *	451		7,067
			459,475
Internet Retail - 0.37%
1-800-Flowers.com, Inc. *	1,448		9,238
Ariba, Inc. *	3,145		32,079
Blue Nile, Inc. *	714		23,826
Drugstore.com, Inc. *	3,373		8,500
HomeStore, Inc. *	6,927		43,086
Navarre Corp. *	1,353		5,182
Nutri/System, Inc. *	1,136		48,814
Overstock.com, Inc. *	505		11,363
Priceline.com, Inc. *	1,183		29,043
Stamps.com, Inc. *	777		25,027
			236,158
Internet Service Provider - 0.46%
Avocent Corp. *	2,337		78,079
C-COR.net Corp. *	2,326		16,515
Earthlink, Inc. *	5,548		55,036
Entrust, Inc. *	3,073		11,370
eSPEED, Inc., Class A *	1,136		9,440
Online Resources Corp. *	1,067		13,551
Redback Networks, Inc. *	1,969		37,312
Terremark Worldwide, Inc. *	1,428		7,683
TriZetto Group, Inc. *	2,016		33,788
United Online, Inc.	2,860		34,349
			297,123
Internet Software - 1.07%
Agile Software Corp. *	2,635		18,287
Click Commerce, Inc. *	407		10,265
Cybersource Corp. *	1,409		11,779
Digital River, Inc. *	1,605		60,412
eResearch Technology, Inc. *	2,406		35,392

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Software (continued)
Internet Security Systems, Inc. *	1,822	$	42,471
Interwoven, Inc. *	2,011		17,496
Keynote Systems, Inc. *	949		10,676
Lionbridge Technologies, Inc. *	2,229		15,960
MatrixOne, Inc. *	2,555		15,509
NIC, Inc. *	1,654		9,941
Openwave Systems, Inc. *	3,289		65,287
RealNetworks, Inc. *	5,373		42,232
RSA Security, Inc. *	3,372		49,501
S1 Corp. *	3,427		14,119
Safenet, Inc. *	1,158		28,857
Sapient Corp. *	3,850		28,875
Stellent, Inc. *	1,251		13,698
SupportSoft, Inc. *	2,219		9,164
TIBCO Software, Inc. *	10,130		87,827
VASCO Data Security International, Inc. *	1,155		11,538
Vignette Corp. *	1,406		22,637
WebEx Communications, Inc. *	1,554		43,326
WebMethods, Inc. *	2,601		19,351
			684,600
Investment Companies - 0.34%
Apollo Investment Corp.	2,895		54,397
Ares Cap Corp.	1,507		26,131
Capital Southwest Corp.	156		15,031
GAMCO Investors, Inc.	389		17,501
Gladstone Capital Corp.	715		14,636
Gladstone Investment Corp.	901		13,578
Harris & Harris Group, Inc. *	934		12,348
MCG Capital Corp.	2,360		36,108
NGP Capital Resources Company	1,006		14,044
Technology Investment Capital Corp.	816		12,444
			216,218
Leisure Time - 1.27%
4Kids Entertainment, Inc. *	721		12,257
Alliance Gaming Corp. *	2,447		36,216
Arctic Cat, Inc.	722		17,328
Blockbuster, Inc., Class A	8,995		34,811
Bluegreen Corp. *	998		15,838
Callaway Golf Company	3,591		59,216
Carmike Cinemas, Inc.	620		14,768
Churchill Downs, Inc.	404		16,188
Gaylord Entertainment Company *	1,892		84,478
Handleman Company	1,069		10,508
Isle of Capri Casinos, Inc. *	720		21,823
K2, Inc. *	2,294		26,152
Life Time Fitness, Inc. *	1,109		46,534
Mikohn Gaming Corp. *	1,695		13,458
Monarch Casino & Resort, Inc. *	505		13,539
Movie Gallery, Inc.	1,232		3,930
Multimedia Games, Inc. *	1,365		14,455
Pinnacle Entertainment, Inc. *	1,938		54,361

The accompanying notes are an integral part of the financial statements. 238

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Leisure Time (continued)
RC2 Corp. *	858	$	30,914
Riviera Holdings Corp. *	446		7,158
Shuffle Master, Inc. *	1,697		44,343
Six Flags, Inc. *	4,365		46,051
Speedway Motorsports, Inc.	740		26,529
Steinway Musical Instruments, Inc. *	439		14,465
Sturm Ruger & Company, Inc.	1,166		8,395
Sunterra Corp. *	1,001		15,015
The Nautilus Group, Inc.	1,578		25,958
Topps, Inc.	1,845		14,908
Vail Resorts, Inc. *	1,458		48,172
West Marine, Inc. *	690		8,880
WMS Industries, Inc. *	1,019		29,602
			816,250
Life Sciences - 0.17%
American Ecology Corp.	617		11,735
Incyte Corp. *	3,969		23,338
Ionatron, Inc. *	1,136		13,019
Senomyx, Inc. *	1,074		17,463
Symyx Technologies, Inc. *	1,552		45,008
			110,563
Liquor - 0.07%
Boston Beer Company, Inc. *	549		14,675
Central European Distribution Corp. *	790		33,109
			47,784
Manufacturing - 0.86%
Acuity Brands, Inc.	2,064		81,507
Barnes Group, Inc.	826		31,702
Blout International, Inc. *	1,439		23,513
Coherent, Inc. *	1,438		46,677
ESCO Technologies, Inc. *	1,190		60,428
Hexcel Corp. *	2,784		59,912
Kaydon Corp.	1,372		49,392
Lancaster Colony Corp.	1,228		49,292
Mine Safety Appliances Company	1,352		53,877
Nordson Corp.	1,190		59,405
Raven Industries, Inc.	752		26,531
Reddy Ice Holdings, Inc.	563		11,373
			553,609
Medical-Hospitals - 0.56%
AmSurg Corp. *	1,421		31,134
Centene Corp. *	1,991		54,454
Cepheid, Inc. *	2,057		18,842
ev3, Inc. *	480		7,997
IRIS International, Inc. *	797		18,116
Laserscope, Inc. *	945		20,667
Neurometrix, Inc. *	280		10,057
Palomar Medical Technologies, Inc. *	808		25,816
Psychiatric Solutions, Inc. *	2,404		79,404
RehabCare Group, Inc. *	839		16,931
Sunrise Senior Living, Inc. *	1,541		54,644

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Medical-Hospitals (continued)
Vital Images, Inc. *	631	$	20,949
			359,011
Metal & Metal Products - 0.90%
A. M. Castle & Company	547		15,491
Commercial Metals Company	2,787		126,223
Dynamic Materials Corp.	287		9,385
Earle M. Jorgensen Company *	921		12,894
Gibraltar Industries, Inc.	1,150		29,337
Matthews International Corp., Class A	1,511		56,119
Metal Management, Inc.	1,021		28,802
Mueller Industries, Inc.	1,727		57,008
NN, Inc.	1,150		14,191
Quanex Corp.	1,156		71,753
Reliance Steel & Aluminum Company	1,323		109,002
Sun Hydraulics, Inc.	354		8,050
Titanium Metals Corp. *	1,048		42,989
			581,244
Mining - 0.75%
Alpha Natural Resources, Inc. *	1,377		29,427
AMCOL International Corp.	1,046		28,880
Brush Wellman, Inc. *	970		16,888
Charles & Colvard, Ltd.	746		10,462
Cleveland-Cliffs, Inc.	1,015		87,341
Coeur d'Alene Mines Corp. *	11,133		61,677
Compass Minerals International, Inc.	977		24,376
Hecla Mining Company *	5,518		27,480
Lincoln Electric Holding, Inc.	1,684		77,733
RTI International Metals, Inc. *	1,042		43,816
Stillwater Mining Company *	1,939		25,226
USEC, Inc.	4,038		50,233
			483,539
Mobile Homes - 0.28%
Coachmen Industries, Inc.	794		9,369
Fleetwood Enterprises, Inc. *	2,623		29,640
Skyline Corp.	395		15,847
Thor Industries, Inc.	1,598		75,426
Winnebago Industries, Inc.	1,559		50,075
			180,357
Newspapers - 0.04%
Journal Register Company	2,028		26,080
Office Furnishings & Supplies - 0.31%
Global Imaging Systems, Inc. *	1,112		40,143
IKON Office Solutions, Inc.	5,319		69,945
The Standard Register Company	859		14,105
United Stationers, Inc. *	1,499		74,200
			198,393
Paper - 0.40%
Bowater, Inc.	2,594		67,496
Buckeye Technologies, Inc. *	1,556		13,708
Chesapeake Corp.	971		12,808

The accompanying notes are an integral part of the financial statements. 239

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Paper (continued)
Mercer International, Inc. *	1,538	$	14,042
Neenah Paper, Inc.	743		22,743
P.H. Glatfelter Company	2,109		34,672
Potlatch Corp. *	1,330		48,465
Rock-Tenn Company, Class A	1,428		18,735
Wausau-Mosinee Paper Corp.	2,081		27,053
			259,722
Petroleum Services - 1.52%
Atwood Oceanics, Inc. *	626		56,453
Bronco Drilling Company, Inc. *	253		6,125
Cal Dive International, Inc. *	3,638		128,094
Grey Wolf, Inc. *	8,992		62,404
Gulfmark Offshore, Inc. *	745		20,428
Hercules Offshore, Inc. *	359		10,914
Hornbeck Offshore Services, Inc. *	751		24,152
Input/Output, Inc. *	3,295		24,910
Lone Star Technologies, Inc. *	1,406		69,878
Newpark Resources, Inc. *	3,978		29,676
Oceaneering International, Inc. *	1,221		67,326
PetroHawk Energy Corp. *	2,390		30,186
Petroleum Development Corp. *	802		34,494
RPC, Inc.	1,078		22,843
SEACOR SMIT, Inc. *	842		61,441
Superior Energy Services, Inc. *	3,661		95,186
TODCO *	2,216		74,280
Universal Compression Holdings, Inc. *	850		37,188
Veritas DGC, Inc. *	1,596		67,239
W-H Energy Services, Inc. *	1,330		52,535
			975,752
Pharmaceuticals - 2.57%
Abgenix, Inc. *	4,225		93,964
Adams Respiratory Therapeutics, Inc. *	386		14,479
Adolor Corp. *	1,910		52,468
Alexion Pharmaceuticals, Inc. *	1,451		54,529
Alkermes, Inc. *	4,263		108,323
Amylin Pharmaceuticals, Inc. *	5,148		223,320
Andrx Corp. *	3,439		67,404
Array BioPharma, Inc. *	1,646		14,896
Atherogenics, Inc. *	1,807		29,129
AVANIR Pharmaceuticals *	1,328		22,762
Bentley Pharmaceuticals, Inc. *	909		16,198
BioScrip, Inc. *	1,852		13,279
Connetics Corp. *	1,679		26,663
Cubist Pharmaceuticals, Inc. *	2,514		55,585
Dusa Pharmaceuticals, Inc. *	894		6,481
Encysive Pharmaceuticals, Inc. *	2,761		25,125
First Horizon Pharmaceutical Corp. *	1,329		27,271
Hi-Tech Pharmacal Company, Inc. *	393		9,684
Idenix Pharmaceuticals, Inc. *	594		12,159
Inspire Pharmaceuticals, Inc. *	2,040		10,302
Isis Pharmaceuticals, Inc. *	3,343		26,878

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Medicis Pharmaceutical Corp., Class A	2,546	$	72,408
Nastech Pharmaceutical Company, Inc. *	1,032		21,651
Noven Pharmaceuticals, Inc. *	1,159		17,466
NPS Pharmaceuticals, Inc. *	2,128		32,643
Nuvelo, Inc. *	2,054		35,206
Onyx Pharmaceuticals, Inc. *	1,849		52,696
Pain Therapeutics, Inc. *	1,446		15,602
Par Pharmaceutical Companies, Inc. *	1,617		48,090
Penwest Pharmaceuticals Company *	1,064		24,738
Pharmion Corp. *	1,176		19,428
Pozen, Inc. *	1,187		20,630
Prestige Brands Holdings, Inc. *	1,348		15,071
Regeneron Pharmaceuticals, Inc. *	1,658		27,141
Renovis, Inc. *	1,010		21,877
Rigel Pharmaceuticals, Inc. *	1,129		10,725
Salix Pharmaceuticals, Ltd. *	2,149		33,868
Supergen, Inc. *	2,486		12,654
United Therapeutics Corp. *	1,061		65,400
Vertex Pharmaceuticals, Inc. *	4,451		192,461
			1,650,654
Plastics - 0.06%
Spartech Corp.	1,531		37,050
Pollution Control - 0.02%
Duratek, Inc. *	722		15,826
Publishing - 0.60%
Consolidated Graphics, Inc. *	536		27,374
Courier Corp.	502		19,814
Gemstar-TV Guide International, Inc. *	11,672		35,249
Hollinger International, Inc., Class A	2,828		26,300
Media General, Inc., Class A	993		49,749
Playboy Enterprises, Inc., Class B *	1,076		14,913
PRIMEDIA, Inc. *	7,144		16,145
Readers Digest Association, Inc., Class A	4,666		70,877
Scholastic Corp. *	1,522		44,777
Thomas Nelson, Inc.	614		17,960
Valassis Communications, Inc. *	2,343		64,550
			387,708
Railroads & Equipment - 0.61%
Florida East Coast Indiana, Inc.	1,547		78,649
GATX Corp.	2,052		81,464
Genesee & Wyoming, Inc., Class A *	1,129		51,652
Kansas City Southern *	3,829		88,718
RailAmerica, Inc. *	1,923		19,038
Wabtec Corp.	2,206		72,864
			392,385
Real Estate - 5.95%
Aames Investment Corp., REIT	2,072		11,935
Acadia Realty Trust, REIT	1,386		30,395
Affordable Residential Communities, REIT	1,277		12,080
Agree Realty Corp., REIT	620		19,350

The accompanying notes are an integral part of the financial statements. 240

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Alexander's, Inc., REIT *	95	$	22,562
Alexandria Real Estate Equities, Inc., REIT	988		86,964
American Campus Communities, Inc., REIT	870		21,924
American Home Mortgage Investment Corp.,
REIT	1,920		54,720
Anthracite Capital, Inc., REIT	2,570		27,550
Anworth Mortgage Asset Corp., REIT	2,343		17,596
Arbor Realty Trust, Inc. - REIT	652		17,154
Ashford Hospitality Trust, Inc., REIT	1,772		22,132
Avatar Holdings, Inc., REIT *	301		16,805
Bedford Property Investments, Inc., REIT	788		21,134
BioMed Realty Trust, Inc., REIT	2,103		58,211
Boykin Lodging Company, REIT *	973		12,435
Brandywine Realty Trust, REIT	3,992		117,245
California Coastal Communities, Inc. *	412		15,858
Capital Lease Funding, Inc., REIT	1,437		15,577
Capital Trust, Inc., REIT	634		21,429
Cedar Shopping Centers, Inc., REIT	1,086		16,518
CentraCore Properties Trust, REIT	647		17,482
Colonial Properties Trust, REIT	1,798		86,933
Columbia Equity Trust, Inc., REIT	967		16,710
Commercial Net Lease Realty, REIT	2,464		56,056
Corporate Office Properties Trust, REIT	1,367		56,758
Cousins Properties, Inc., REIT	1,835		56,279
Deerfield Triarc Capital Corp., REIT	1,189		15,528
DiamondRock Hospitality Company	1,314		16,859
Digital Realty Trust, Inc., REIT	343		9,470
EastGroup Properties, Inc., REIT	1,026		47,145
ECC Capital Corp., REIT	2,897		4,664
Education Realty Trust, Inc., REIT	1,224		16,524
Entertainment Properties Trust, REIT	1,205		49,827
Equity Inns, Inc., REIT	2,558		39,598
Equity Lifestyle Properties, Inc., REIT	924		44,066
Equity One, Inc., REIT	1,709		38,452
Extra Space Storage, Inc., REIT	1,813		27,195
Felcor Lodging Trust, Inc., REIT	2,330		46,251
Fieldstone Investment Corp., REIT	2,337		27,670
First Industrial Realty Trust, Inc., REIT	1,967		75,887
First Potomac Realty Trust, REIT	863		25,579
Getty Realty Corp., REIT	860		24,381
Glenborough Realty Trust, Inc., REIT	1,501		29,044
Glimcher Realty Trust, REIT	1,736		46,316
GMH Communities Trust, REIT	1,581		26,276
Government Properties Trust, Inc., REIT	1,139		9,727
Gramercy Captial Corp., REIT	688		18,067
Heritage Property Investment Trust, REIT	1,244		47,720
Hersha Hospitality Trust, REIT	1,404		13,296
Highland Hospitality Corp., REIT	2,437		30,024
Highwoods Properties, Inc., REIT	2,466		79,775
Home Properties, Inc., REIT	1,457		71,918
Homebanc Corp., Georgia, REIT	2,818		24,517
Impac Mortgage Holdings, Inc., REIT	3,521		29,260

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Inland Real Estate Corp., REIT	3,219	$	49,540
Innkeepers USA Trust, REIT	2,046		35,866
Jer Investors Trust, Inc., REIT	427		7,464
Jones Lang Lasalle, Inc.	1,602		108,423
Kilroy Realty Corp., REIT	1,344		100,558
Kite Realty Group Trust, REIT	1,171		17,717
LaSalle Hotel Properties, REIT	1,418		56,649
Lexington Corporate Property Trust, REIT	2,424		51,680
LTC Properties, Inc., REIT	1,155		25,560
Luminent Mortgage Capital, Inc., REIT	2,023		15,334
Maguire Properties, Inc., REIT	1,625		54,990
MeriStar Hospitality Corp., REIT *	4,107		42,343
MFA Mortgage Investments, Inc., REIT	3,903		23,106
Mid-America Apartment Communities, Inc.,
REIT	913		49,576
MortgageIT Holdings, Inc., REIT	1,193		13,898
National Health Investments, Inc., REIT	1,109		29,522
Nationwide Health Properties, Inc., REIT	3,105		69,925
Newcastle Investment Corp., REIT	2,067		49,443
Newkirk Realty Trust Inc., REIT *	631		10,841
NorthStar Realty Finance Corp., REIT	1,197		12,233
Novastar Financial, Inc., REIT	1,224		37,516
Omega Healthcare Investors, REIT	2,421		31,328
Opteum, Inc. *	1,239		10,792
Parkway Properties, Inc., REIT	674		29,683
Pennsylvania Real Estate
Investment Trust, REIT	1,698		68,599
Post Properties, Inc., REIT	1,840		81,696
PS Business Parks, Inc., REIT	810		43,084
RAIT Investment Trust, REIT	1,267		34,589
Ramco-Gershenson Properties Trust, REIT	779		22,638
Redwood Trust, Inc., REIT	916		37,977
Saul Centers, Inc., REIT	582		22,576
Saxon Capital, Inc., REIT	2,392		23,800
Senior Housing Properties Trust, REIT	2,757		49,433
Sizeler Property Investors, Inc., REIT	1,095		15,878
Sovran Self Storage, Inc., REIT	757		39,364
Spirit Finance Corp., REIT	3,164		38,126
Strategic Hotel Cap, Inc., REIT	1,951		42,142
Sun Communities, Inc., REIT	810		28,042
Sunstone Hotel Investors, Inc., REIT	1,250		36,700
Tanger Factory Outlet Centers, Inc., REIT	1,317		42,539
Tarragon Realty Investments, Inc. *	536		10,361
Taubman Centers, Inc., REIT	2,380		94,581
Town & Country Trust, SBI, REIT	920		37,067
Trammell Crow Company *	1,652		53,657
Trustreet Properties, Inc., REIT	2,824		40,948
Universal Health Realty Income Trust, REIT	623		21,961
Urstadt Biddle Properties, Inc., REIT	1,153		19,624
U-Store-It Trust, REIT	1,489		33,160
Washington REIT	1,993		66,606

The accompanying notes are an integral part of the financial statements. 241

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Winston Hotels, Inc., REIT	1,497	$	15,389
			3,819,352
Retail Grocery - 0.39%
Ingles Markets, Inc.	746		12,317
Nash-Finch Company	630		19,530
Pathmark Stores, Inc. *	2,403		24,174
Ruddick Corp.	1,609		38,906
Smart & Final, Inc. *	703		10,615
The Great Atlantic & Pacific Tea Company, Inc. *	803		25,905
United Natural Foods, Inc. *	1,936		64,391
Weis Markets, Inc.	661		29,520
Wild Oats Markets, Inc. *	1,411		25,327
			250,685
Retail Trade - 4.01%
99 Cents Only Stores *	2,059		23,431
A.C. Moore Arts & Crafts, Inc. *	747		13,446
Aaron Rents, Inc., Class B	1,875		49,125
Aeropostale, Inc. *	2,606		74,766
Asbury Automotive Group, Inc. *	652		12,486
Big 5 Sporting Goods Corp.	1,012		22,051
Big Lots, Inc. *	5,319		67,604
Build A Bear Workshop, Inc. *	484		14,002
Building Materials Holding Corp.	649		43,678
Burlington Coat Factory Warehouse Corp.	774		34,861
Cabela's, Inc. *	1,498		28,327
Cache, Inc. *	664		11,540
Casey's General Stores, Inc.	2,346		61,536
Cash America International, Inc.	1,394		37,359
Casual Male Retail Group, Inc. *	1,449		13,200
Cato Corp., Class A	1,484		30,971
Charlotte Russe Holding, Inc. *	743		13,523
Charming Shoppes, Inc. *	5,609		75,105
Childrens Place Retail Stores, Inc. *	985		45,970
Christopher & Banks Corp.	1,730		37,939
Citi Trends, Inc. *	218		9,385
Coldwater Creek, Inc. *	2,500		56,175
Cost Plus, Inc. *	1,085		20,821
DSW Inc., Class A *	583		16,662
Finish Line, Inc.	1,997		33,430
First Cash Financial Services *	1,270		22,123
Fossil, Inc. *	2,286		38,908
Fred's, Inc., Class A	1,909		26,669
FTD Group, Inc. *	741		6,936
GameStop Corp., Class A *	2,545		101,876
Genesco, Inc. *	1,067		43,320
Group 1 Automotive, Inc. *	996		38,127
Guitar Center, Inc. *	1,221		63,199
Haverty Furniture Companies, Inc.	1,058		15,077
Hibbett Sporting Goods, Inc. *	1,693		54,311
Hot Topic, Inc. *	2,138		28,179
J. Jill Group, Inc. *	984		23,252

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Jo Ann Stores, Inc. *	1,126	$	14,976
Kenneth Cole Productions, Inc., Class A	469		12,902
Longs Drug Stores Corp.	1,430		54,869
Marinemax, Inc. *	656		20,244
NBTY, Inc. *	2,613		57,225
New York & Co., Inc. *	647		10,915
Pacific Sunwear of California, Inc. *	3,524		83,906
Pantry, Inc. *	807		47,750
Payless ShoeSource, Inc. *	3,129		74,157
PETCO Animal Supplies, Inc. *	2,737		53,262
Pier 1 Imports, Inc.	4,073		42,889
Regis Corp.	2,107		80,656
Restoration Hardware, Inc. *	1,549		8,334
Retail Ventures, Inc. *	845		11,205
School Specialty, Inc. *	1,086		37,880
Shoe Carnival, Inc. *	406		9,123
Sonic Automotive, Inc.	1,391		36,848
Sports Authority, Inc. *	1,230		45,006
Stein Mart, Inc.	1,241		20,700
Steven Madden, Ltd. *	664		21,281
Talbots, Inc.	1,075		28,660
The Buckle, Inc.	381		14,573
The Dress Barn, Inc. *	1,005		43,396
The Wet Seal, Inc., Class A *	2,749		14,597
The Yankee Candle, Inc.	2,153		62,523
Too, Inc. *	1,617		49,205
Tractor Supply Company *	1,533		96,855
Transport World Entertainment Corp. *	1,041		6,246
Tuesday Morning Corp.	1,245		27,402
United Rentals, Inc. *	3,143		102,462
ValueVision Media, Inc., Class A *	1,358		17,260
Zale Corp. *	2,364		61,582
			2,578,259
Sanitary Services - 0.24%
Casella Waste Systems, Inc., Class A *	1,005		14,221
Darling International, Inc. *	3,447		15,098
Flanders Corp. *	723		7,917
Insituform Technologies, Inc., Class A *	1,300		34,983
Waste Connections, Inc. *	2,154		78,922
			151,141
Semiconductors - 4.18%
Actel Corp. *	1,273		18,573
Advanced Analogic Technologies, Inc. *	549		6,555
Advanced Energy Industries, Inc. *	1,328		19,017
American Superconductor Corp. *	1,595		16,078
Amis Holdings, Inc. *	2,101		18,111
Amkor Technology, Inc. *	4,730		42,002
Applied Micro Circuits Corp. *	14,483		52,284
Asyst Technologies, Inc. *	2,449		23,902
Atmel Corp. *	19,627		89,303
ATMI, Inc. *	1,735		52,102

The accompanying notes are an integral part of the financial statements. 242

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Axcelis Technologies, Inc. *	4,814	$	33,265
Brooks Automation, Inc. *	3,534		55,448
Cirrus Logic, Inc. *	4,020		30,512
Conexant Systems, Inc. *	22,082		65,804
Credence Systems Corp. *	4,205		36,415
Cymer, Inc. *	1,682		75,656
Cypress Semiconductor Corp. *	6,148		109,188
Diodes, Inc. *	699		26,408
DSP Group, Inc. *	1,331		35,804
Emcore Corp. *	1,872		14,508
Emulex Corp. *	3,884		69,135
Entegris, Inc. *	5,569		58,252
Exar Corp. *	1,690		21,040
Fairchild Semiconductor International, Inc. *	5,530		96,111
FormFactor, Inc. *	1,591		58,612
Genesis Microchip, Inc. *	1,569		33,734
Integrated Device Technology, Inc. *	9,070		134,690
International Displayworks, Inc. *	1,602		10,605
IXYS Corp. *	1,219		13,043
Kopin Corp. *	3,372		14,668
Kulicke & Soffa Industries, Inc. *	2,487		27,854
Lattice Semiconductor Corp. *	5,423		24,675
LTX Corp. *	3,009		17,031
Mattson Technology, Inc. *	2,050		24,764
Micrel, Inc. *	2,914		40,709
Microsemi Corp. *	2,863		88,037
Microtune, Inc. *	2,561		13,829
MIPS Technologies, Inc., Class A *	2,099		17,632
MKS Instruments, Inc. *	1,541		34,457
Netlogic Microsystems, Inc *	506		17,887
OmniVision Technologies, Inc. *	2,660		67,830
ON Semiconductor Corp. *	6,787		44,726
Pericom Semiconductor Corp. *	1,501		13,524
Photronics, Inc. *	1,886		33,137
Pixelworks, Inc. *	2,283		10,296
PLX Technology, Inc. *	1,175		14,194
PMC-Sierra, Inc. *	8,442		86,193
Power Integrations, Inc. *	1,402		34,812
Rambus, Inc. *	4,666		144,879
Rudolph Technologies, Inc. *	700		11,536
Semitool, Inc. *	983		12,415
Semtech Corp. *	3,424		64,303
Sigmatel, Inc. *	1,696		18,232
Silicon Image, Inc. *	3,737		40,808
Silicon Laboratories, Inc. *	1,982		95,096
Skyworks Solutions, Inc. *	7,381		38,824
Tessera Technologies, Inc. *	2,072		64,709
TranSwitch Corp. *	5,351		9,097
Triquint Semiconductor, Inc. *	6,586		31,218
Ultratech, Inc. *	1,150		22,989
Varian Semiconductor Equipment
Associates, Inc. *	1,692		79,795

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Veeco Instruments, Inc. *	1,275	$	25,615
Vitesse Semiconductor Corp. *	10,369		32,662
Volterra Semiconductor Corp. *	760		13,232
Zoran Corp. *	2,028		40,114
			2,687,936
Shipbuilding - 0.02%
Maritrans, Inc.	447		10,174
Software - 2.30%
Advent Software, Inc. *	1,026		28,523
Allscripts Healthcare Solution, Inc. *	1,588		29,775
Altiris, Inc. *	1,069		21,177
American Reprographics Company *	666		19,114
ANSYS, Inc. *	1,490		70,656
AsiaInfo Holdings, Inc. *	1,819		7,931
Aspen Technology, Inc. *	2,175		26,057
Blackboard, Inc. *	841		24,229
Borland Software Corp. *	3,829		20,332
Bottomline Technologies, Inc. *	765		9,387
Catapult Communications Corp. *	502		6,983
CIBER, Inc. *	2,585		14,967
Concur Technologies, Inc. *	1,414		21,436
Covansys Corp. *	1,480		22,170
Dendrite International, Inc. *	2,023		26,906
Emageon, Inc. *	750		13,163
Epicor Software Corp. *	2,525		31,361
EPIQ Systems, Inc. *	696		15,291
Equinix, Inc. *	730		38,281
Faro Technologies, Inc. *	562		8,986
InfoUSA, Inc. *	1,599		18,788
Intermediate Telephone, Inc.	1,020		20,023
iPass, Inc. *	2,679		19,771
JDA Software Group, Inc. *	1,403		19,263
Keane, Inc. *	2,188		25,687
Lawson Software, Inc. *	3,004		23,882
Macrovision Corp. *	2,390		48,302
Magma Design Automation, Inc. *	1,724		14,861
Manhattan Associates, Inc. *	1,335		28,129
Mantech International Corp. *	749		21,047
MapInfo Corp. *	1,068		14,407
McDATA Corp., Class A *	7,349		32,483
MicroStrategy, Inc. *	650		59,592
Midway Games, Inc. *	840		8,324
Monolithic Power Systems, Inc. *	859		14,646
MRO Software, Inc. *	998		14,711
NetIQ Corp. *	2,105		23,787
Nuance Communications, Inc. *	5,402		57,801
Open Solutions, Inc. *	955		25,928
Opsware, Inc. *	3,614		28,442
Packeteer, Inc. *	1,617		19,339
PDF Solutions, Inc. *	919		15,522
Progress Software Corp. *	1,778		51,918

The accompanying notes are an integral part of the financial statements. 243

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Quality Systems, Inc. *	352	$	24,365
Secure Computing Corp. *	2,283		27,624
Serena Software, Inc. *	1,335		31,907
SPSS, Inc. *	871		28,429
THQ, Inc. *	2,899		69,576
Tradestation Group, Inc. *	1,017		16,150
Transaction Systems Architects, Inc., Class A *	1,783		59,481
Ulticom, Inc. *	652		7,289
Ultimate Software Group, Inc. *	1,156		27,050
VeriFone Holdings, Inc. *	1,176		31,046
Verint Systems, Inc. *	627		22,716
Websense, Inc. *	1,119		69,165
			1,478,176
Steel - 0.96%
Alaska Steel Holding Corp. *	5,180		57,498
Carpenter Technology Corp.	1,138		95,125
Chaparral Steel Company *	1,076		49,292
NS Group, Inc. *	1,039		42,381
Oregon Steel Mills, Inc. *	1,653		62,616
Roanoke Electric Steel Corp.	597		16,686
Ryerson Tull, Inc.	1,181		29,808
Schnitzer Steel Industries, Inc.	1,026		31,909
Steel Dynamics, Inc.	1,875		86,250
Steel Technologies, Inc.	553		15,257
Texas Industries, Inc.	1,060		64,300
Worthington Industries, Inc.	3,210		62,916
			614,038
Telecommunications Equipment &
Services - 2.77%
ADTRAN, Inc.	3,055		84,074
Aeroflex, Inc. *	3,527		45,851
Airspan Networks, Inc. *	1,998		12,288
Applied Signal Technology, Inc.	602		14,111
Arris Group, Inc. *	4,861		61,686
Atheros Communications, Inc. *	1,643		33,813
Broadwing Corp. *	3,109		27,857
Ciena Corp. *	26,856		107,961
Commonwealth Telephone Enterprises, Inc.	1,021		32,958
Commscope, Inc. *	2,547		61,103
Comtech Telecommunications Corp. *	1,011		31,675
Consolidated Communications Holdings, Inc.	812		11,563
CT Communications, Inc.	1,096		14,511
Ditech Communications Corp. *	1,579		16,279
Essex Corp. *	833		18,742
Fairpoint Communications, Inc.	1,387		19,515
Finisar Corp. *	9,720		27,022
General Communication, Inc. *	2,713		30,521
GlobeTel Communications Corp. *	3,341		9,856
Golden Telecom, Inc.	1,018		30,520
Harmonic, Inc. *	3,504		20,218
InterDigital Communication Corp. *	2,526		65,044

Small Cap Index Fund (continued)
	Shares or
	Principal
	Amount	Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
Intrado, Inc. *	871 $	22,350
Iowa Telecommunications Services, Inc.	1,109	19,629
J2 Global Communications, Inc. *	1,091	47,568
Level 3 Communications, Inc. *	32,689	111,143
Mastec, Inc. *	1,312	16,990
MRV Communications, Inc. *	5,255	15,397
NETGEAR, Inc. *	1,501	25,757
NeuStar, Inc., Class A *	1,136	32,717
Newport Corp. *	1,777	31,524
Oplink Communications, Inc. *	771	12,606
Plantronics, Inc.	2,291	79,177
Polycom, Inc. *	4,571	88,769
Powerwave Technologies, Inc. *	5,110	75,015
Premiere Global Services, Inc. *	3,435	28,201
Price Communications Corp. *	2,179	36,498
RCN Corp. *	1,086	27,150
SBA Communications Corp. *	3,874	87,126
Shenandoah Telecommunications Company	351	15,293
Sonus Networks, Inc. *	11,652	56,512
Spectralink Corp.	978	12,098
SureWest Communications	739	18,682
Symmetricom, Inc. *	2,237	20,066
Tekelec, Inc. *	2,657	35,630
Telkonet, Inc. *	1,825	7,373
Terayon Communication Systems, Inc. *	3,810	10,211
UTStarcom, Inc. *	4,778	29,862
Viasat, Inc. *	1,024	27,494
Westell Technologies, Inc., Class A *	2,683	12,744
		1,780,750
Telephone - 0.21%
Centennial Communications Corp., Class A *	1,045	7,931
Cincinnati Bell, Inc. *	11,682	47,779
IDT Corp. *	2,745	32,638
North Pittsburgh Systems, Inc.	849	17,269
TALK America Holdings, Inc. *	1,479	12,616
Valor Communications Group, Inc.	1,425	17,599
		135,832
Tires & Rubber - 0.14%
Bandag, Inc.	560	23,951
Cooper Tire & Rubber Company	2,977	44,358
Myers Indiana, Inc.	1,307	20,912
		89,221
Tobacco - 0.18%
Alliance One International, Inc.	4,333	19,282
Schweitzer Mauduit International, Inc.	777	19,969
Universal Corp.	1,220	49,617
Vector Group, Ltd.	1,301	24,212
		113,080
Toys, Amusements & Sporting Goods - 0.06%
Jakks Pacific, Inc. *	1,212	30,082

The accompanying notes are an integral part of the financial statements. 244

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Index Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Toys, Amusements & Sporting Goods
(continued)
Russ Berrie & Company, Inc.		630	$	8,562
				38,644
Transportation - 0.37%
Bristow Group, Inc *		1,107		33,055
Dynamex, Inc. *		681		13,838
Frozen Food Express Industries, Inc. *		918		10,704
Kirby Corp. *		1,032		63,261
Marten Transport, Ltd. *		822		19,226
Pacer International, Inc.		1,802		57,394
SCS Transportation, Inc. *		798		21,570
U. S. Xpress Enterprises, Inc., Class A *		562		9,588
USA Truck, Inc. *		235		6,916
				235,552
Travel Services - 0.05%
Ambassadors Group, Inc.		833		20,150
Pegasus Solutions, Inc. *		1,142		10,552
				30,702
Trucking & Freight - 0.65%
Arkansas Best Corp.		1,200		49,872
EGL, Inc. *		1,527		61,767
Forward Air Corp.		1,542		54,710
Heartland Express, Inc.		2,183		50,493
Hub Group, Inc., Class A *		930		38,781
Knight Transportation, Inc.		2,685		53,136
Old Dominion Freight Lines, Inc. *		1,354		35,692
Wabash National Corp.		1,487		29,695
Werner Enterprises, Inc.		2,405		46,729
				420,875
Utility Service - 0.03%
SJW Corp.		386		19,817
TOTAL COMMON STOCKS (Cost $52,692,462)			$	60,590,622
RIGHTS - 0.00%
Cosmetics & Toiletries - 0.00%
Revlon, Inc. (Expiration date 03/20/2006) *		7,015		421
TOTAL RIGHTS (Cost $0)			$	421
SHORT TERM INVESTMENTS - 5.63%
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 03/07/2006 to
03/21/2006	$	1,420,000	$	1,417,678
Rabobank USA Finance Corp.
4.56% due 03/01/2006		2,000,000		2,000,000
United States Treasury Bills
zero coupon due 04/20/2006		200,000		198,805
TOTAL SHORT TERM INVESTMENTS
(Cost $3,616,483)			$	3,616,483

Total Investments (Small Cap Index Fund)
(Cost $56,308,945) - 99.95%		$	64,207,526
Other Assets in Excess of Liabilities - 0.05%			31,506
TOTAL NET ASSETS - 100.00%		$	64,239,032
Small Cap Opportunities Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.29%
Aerospace - 0.56%
Alliant Techsystems, Inc. * (a)	19,180 $		1,465,736
Air Freight - 0.28%
ExpressJet Holdings, Inc. *	97,724		734,884
Aluminum - 0.97%
Century Aluminum Company * (a)	71,308		2,537,852
Apparel & Textiles - 0.72%
Wolverine World Wide, Inc. (a)	85,614		1,888,645
Auto Parts - 3.67%
American Axle & Manufacturing Holdings, Inc. (a)	69,557		1,128,214
BorgWarner, Inc. (a)	89,310		4,980,819
Commercial Vehicle Group, Inc. * (a)	121,712		2,227,330
Noble International, Ltd. (a)	84,702		1,300,176
			9,636,539
Auto Services - 0.90%
Lithia Motors, Inc., Class A (a)	57,756		1,850,502
Spartan Motors, Inc. (a)	46,271		496,488
			2,346,990
Automobiles - 1.78%
Rush Enterprises, Inc., Class A * (a)	19,628		363,118
United Auto Group, Inc. (a)	99,807		4,315,655
			4,678,773
Banking - 0.85%
Bank of the Ozarks, Inc. (a)	34,745		1,235,532
Cathay General Bancorp, Inc. (a)	28,124		1,002,058
			2,237,590
Building Materials & Construction - 2.17%
Builders FirstSource, Inc. * (a)	178,649		4,235,768
Eagle Materials, Inc. (a)	26,640		1,442,023
			5,677,791
Business Services - 0.82%
Exponent, Inc. * (a)	14,400		457,920
SRA International, Inc., Class A * (a)	49,300		1,701,836
			2,159,756
Computers & Business Equipment - 3.63%
CACI International, Inc., Class A * (a)	46,892		2,826,181
Digi International, Inc. * (a)	239,402		2,602,299
Komag, Inc. * (a)	25,100		1,175,684
Sonic Solutions * (a)	161,105		2,924,056
			9,528,220
Construction & Mining Equipment - 1.33%
Pason Systems, Inc.	122,836		3,486,470
Construction Materials - 1.02%
Universal Forest Products, Inc. (a)	43,218		2,672,169

The accompanying notes are an integral part of the financial statements. 245

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Opportunities Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas - 1.49%
Cimarex Energy Company * (a)	42,000	$	1,791,720
Unit Corp. *	39,531		2,101,863
			3,893,583
Domestic Oil - 2.24%
Brigham Exploration Company * (a)	189,257		1,621,933
Oil States International, Inc. * (a)	75,176		2,595,827
TETRA Technologies, Inc. * (a)	44,180		1,661,168
			5,878,928
Drugs & Health Care - 0.56%
Qiagen NV * (a)	98,000		1,461,180
Electrical Equipment - 2.32%
AMETEK, Inc. (a)	100,195		4,292,354
FLIR Systems, Inc. * (a)	69,000		1,782,960
			6,075,314
Electrical Utilities - 0.42%
Allete, Inc. (a)	23,841		1,112,659
Electronics - 0.65%
TTM Technologies, Inc. * (a)	132,632		1,712,279
Energy - 2.75%
Headwaters, Inc. * (a)	57,418		2,131,356
New Jersey Resources Corp. (a)	32,445		1,460,025
Southwestern Energy Company * (a)	113,046		3,627,646
			7,219,027
Financial Services - 6.04%
Accredited Home Lenders Holding Company * (a)	80,640		4,298,918
Ace Cash Express, Inc. * (a)	108,776		2,679,153
Affiliated Managers Group, Inc. * (a)	50,820		5,002,213
Asset Acceptance Capital Corp. * (a)	15,710		314,043
Commercial Capital Bancorp, Inc. (a)	165,380		2,369,895
Harbor Florida Bancshares, Inc. (a)	31,300		1,189,713
			15,853,935
Healthcare Products - 3.40%
American Medical Systems Holdings, Inc. * (a)	53,600		1,161,512
Merit Medical Systems, Inc. * (a)	106,302		1,514,804
Orthofix International NV *	59,356		2,463,274
Polymedica Corp. (a)	63,616		2,572,631
Respironics, Inc. * (a)	33,376		1,213,551
			8,925,772
Homebuilders - 4.16%
Beazer Homes USA, Inc. (a)	14,400		913,680
Comstock Homebuilding Companies, Inc. * (a)	89,342		835,348
Meritage Homes Corp. * (a)	62,100		3,634,713
Ryland Group, Inc. (a)	79,212		5,525,037
			10,908,778
Household Appliances - 1.70%
Drew Industries, Inc. * (a)	54,544		1,769,953
Technical Olympic USA, Inc. (a)	126,586		2,681,091
			4,451,044

Small Cap Opportunities Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products - 0.70%
Tempur-Pedic International, Inc. * (a)	155,248	$	1,831,926
Industrial Machinery - 5.56%
Actuant Corp., Class A (a)	53,557		2,950,991
Ceradyne, Inc. * (a)	62,212		3,787,467
FMC Technologies, Inc. * (a)	30,983		1,453,722
Graco, Inc. (a)	52,004		2,167,007
Middleby Corp. *	27,556		2,609,553
Rush Enterprises, Inc., Class B *	94,165		1,626,229
			14,594,969
Insurance - 3.15%
American Equity Investment Life Holding
Company (a)	28,400		380,276
Aspen Insurance Holdings, Ltd. (a)	98,810		2,293,380
Assured Guaranty, Ltd. (a)	49,753		1,313,479
Hub International, Ltd.	40,723		1,164,678
Max Re Capital, Ltd. (a)	22,300		544,343
Scottish Re Group, Ltd. (a)	51,882		1,297,050
Triad Guaranty, Inc. * (a)	28,143		1,277,411
			8,270,617
Internet Content - 0.89%
Schawk, Inc., Class A (a)	93,800		2,330,930
Internet Service Provider - 0.53%
Tom Online, Inc., ADR * (a)	62,600		1,395,980
Leisure Time - 0.88%
Penn National Gaming, Inc. * (a)	66,449		2,304,451
Manufacturing - 2.48%
AptarGroup, Inc.	19,368		1,027,473
Carlisle Companies, Inc. (a)	42,155		3,313,383
Raven Industries, Inc. (a)	61,526		2,170,637
			6,511,493
Medical-Hospitals - 0.62%
VCA Antech, Inc. * (a)	58,068		1,623,001
Metal & Metal Products - 1.14%
Quanex Corp. (a)	26,700		1,657,269
Reliance Steel & Aluminum Company (a)	16,192		1,334,059
			2,991,328
Mining - 1.51%
AMCOL International Corp. (a)	143,810		3,970,594
Mobile Homes - 2.49%
Thor Industries, Inc. (a)	83,178		3,926,001
Winnebago Industries, Inc. (a)	80,673		2,591,217
			6,517,218
Petroleum Services - 0.84%
Core Laboratories NV * (a)	47,966		2,199,241
Railroads & Equipment - 1.78%
Genesee & Wyoming, Inc., Class A *	101,982		4,665,677
Real Estate - 16.28%
Aames Investment Corp., REIT (a)	345,147		1,988,047

The accompanying notes are an integral part of the financial statements. 246

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Cap Opportunities Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
American Home Mortgage Investment Corp.,
REIT (a)	185,643	$	5,290,825
Anthracite Capital, Inc., REIT (a)	105,856		1,134,776
Ashford Hospitality Trust, Inc., REIT (a)	226,189		2,825,101
CentraCore Properties Trust, REIT (a)	16,966		458,421
Corporate Office Properties Trust, REIT (a)	40,447		1,679,359
Equity One, Inc., REIT (a)	107,273		2,413,643
First Potomac Realty Trust, REIT (a)	29,000		859,560
Gramercy Captial Corp., REIT (a)	46,004		1,208,065
Jer Investors Trust, Inc., REIT (a)	167,548		2,928,739
KKR Financial Corp., REIT	200,237		4,579,420
LaSalle Hotel Properties, REIT (a)	84,280		3,366,986
Luminent Mortgage Capital, Inc., REIT (a)	72,611		550,391
MortgageIT Holdings, Inc., REIT (a)	86,700		1,010,055
New Century Financial Corp., REIT (a)	49,802		1,929,828
Newcastle Investment Corp., REIT (a)	156,765		3,749,819
RAIT Investment Trust, REIT (a)	107,043		2,922,274
Redwood Trust, Inc., REIT	56,046		2,323,667
Saxon Capital, Inc., REIT (a)	80,000		796,000
SL Green Realty Corp., REIT	7,911		687,545
			42,702,521
Retail Grocery - 0.62%
Ruddick Corp. (a)	44,471		1,075,309
United Natural Foods, Inc. * (a)	16,845		560,264
			1,635,573
Retail Trade - 2.56%
Cabela's, Inc. * (a)	100,740		1,904,994
First Cash Financial Services * (a)	104,372		1,818,160
Guitar Center, Inc. * (a)	35,397		1,832,149
Ritchie Brothers Auctioneers, Inc.	24,510		1,169,862
			6,725,165
Semiconductors - 1.58%
Diodes, Inc. * (a)	109,996		4,155,649
Software - 0.30%
Websense, Inc. * (a)	12,817		792,219
Steel - 0.49%
NS Group, Inc. * (a)	31,300		1,276,727
Telecommunications Equipment &
Services - 1.43%
J2 Global Communications, Inc. * (a)	40,800		1,778,880
NETGEAR, Inc. * (a)	114,348		1,962,212
			3,741,092
Trucking & Freight - 4.03%
Landstar Systems, Inc.	27,268		1,270,416
Old Dominion Freight Lines, Inc. * (a)	122,187		3,220,849
Oshkosh Truck Corp. (a)	106,934		6,066,366
			10,557,631
TOTAL COMMON STOCKS (Cost $220,157,079)		$	247,337,916

Small Cap Opportunities Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 50.80%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	133,253,392	$	133,253,392
TOTAL SHORT TERM INVESTMENTS
(Cost $133,253,392)			$	133,253,392
REPURCHASE AGREEMENTS - 5.10%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$13,381,189 on 03/01/2006,
collateralized by $14,485,000
Federal National Mortgage
Association, 5.55% due
07/10/2028 (valued at
$13,650,997 including interest) (c)	$	13,380,000	$	13,380,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,380,000)			$	13,380,000
Total Investments (Small Cap Opportunities Fund)
(Cost $366,790,471) - 150.19%			$	393,971,308
Liabilities in Excess of Other Assets - (50.19)%				(131,647,317)
TOTAL NET ASSETS - 100.00%			$	262,323,991
Small Company Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.77%
Aerospace - 0.67%
Alliant Techsystems, Inc. *		6,590	$	503,608
Teledyne Technologies, Inc. *		1,938		64,206
				567,814
Air Travel - 0.37%
Frontier Airlines, Inc. * (a)		4,054		29,189
Mesa Air Group, Inc. * (a)		3,607		41,192
SkyWest, Inc. (a)		8,420		243,927
				314,308
Apparel & Textiles - 1.33%
Brown Shoe, Inc. (a)		7,400		352,980
DHB Industries, Inc. * (a)		15,300		71,145
Guess, Inc. * (a)		19,000		687,610
Phillips - Van Heusen Corp.		500		17,750
				1,129,485
Auto Parts - 0.84%
Accuride Corp. *		4,618		52,276
Aftermarket Technology Corp. *		819		17,772
Arvinmeritor, Inc.		2,720		45,533
Commercial Vehicle Group, Inc. *		2,322		42,493
TRW Automotive Holdings Corp. * (a)		21,740		556,544
				714,618
Banking - 5.34%
Anchor BanCorp Wisconsin, Inc. (a)		500		15,225
Astoria Financial Corp.		3,800		108,946

The accompanying notes are an integral part of the financial statements. 247

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
BancFirst Corp.	1,176	$	99,490
Bank of Hawaii Corp.	16,965		905,931
Capital Crossing Bank * (a)	490		15,724
Center Financial Corp. (a)	3,676		85,173
City National Corp.	7,977		605,933
Commerce Bancshares, Inc. (a)	5,672		292,392
Community Trust Bancorp, Inc. (a)	488		15,479
Corus Bankshares, Inc. (a)	13,017		781,671
Cullen Frost Bankers, Inc. (a)	3,197		176,219
Downey Financial Corp. (a)	17,537		1,114,476
First Citizens Bancshares, Inc. (a)	650		121,654
First Indiana Corp.	1,250		34,487
First Regional Bancorp * (a)	676		56,581
Old Second Bancorp, Inc. (a)	1,419		45,294
Wilmington Trust Corp.	1,312		56,167
			4,530,842
Biotechnology - 0.33%
Bio-Rad Laboratories, Inc., Class A *	298		17,078
Millipore Corp. * (a)	977		67,736
PRA International *	7,531		198,442
			283,256
Broadcasting - 0.22%
New Frontier Media, Inc. * (a)	2,300		16,399
Sinclair Broadcast Group, Inc., Class A (a)	23,137		166,355
			182,754
Building Materials & Construction - 1.06%
BlueLinx Holdings, Inc. (a)	2,819		44,766
Lennox International, Inc.	26,500		851,975
			896,741
Business Services - 5.83%
Acxiom Corp.	10,860		281,057
Arbinet-Thexchange. Inc. * (a)	4,900		31,164
Dun & Bradstreet Corp. *	439		31,933
Escala Group, Inc. * (a)	10,650		264,652
Ezcorp, Inc., Class A *	2,722		58,877
Global Payments, Inc.	28,003		1,457,836
John H. Harland Company	19,583		708,709
Kendle International, Inc. *	5,675		180,181
R.H. Donnelley Corp. *	9,805		598,105
Sotheby's Holdings, Inc., Class A *	20,685		436,867
Spherion Corp. *	14,600		145,708
Tech Data Corp. *	13,509		561,029
Teletech Holdings, Inc. *	15,000		185,250
			4,941,368
Cable and Television - 0.05%
LodgeNet Entertainment Corp. *	2,997		42,677
Cellular Communications - 0.19%
Brightpoint, Inc. *	2,291		64,812
Tessco Technologies, Inc. *	5,373		99,401
			164,213

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals - 2.27%
A. Schulman, Inc.	887	$	20,782
Albany Molecular Research, Inc. * (a)	1,616		16,306
Celanese Corp., Series A	14,020		300,028
Eastman Chemical Company	4,000		197,320
Glenayre Technologies, Inc. * (a)	17,800		69,420
Olin Corp. (a)	17,620		370,196
Pioneer Companies, Inc. * (a)	7,788		234,575
Terra Industries, Inc. * (a)	65,127		461,750
UAP Holding Corp. (a)	11,900		258,944
			1,929,321
Coal - 0.09%
Massey Energy Company	2,000		74,400
Commercial Services - 0.30%
Vertrue, Inc. * (a)	5,699		251,098
Computers & Business Equipment - 4.74%
Agilysys, Inc.	27,458		392,375
CalAmp Corp. *	11,688		117,464
Electronics for Imaging, Inc. *	2,600		69,732
Gerber Scientific, Inc. * (a)	7,643		79,411
Intergraph Corp. * (a)	16,753		607,464
Komag, Inc. * (a)	23,911		1,119,991
Lasercard Corp. * (a)	2,681		48,982
MTS Systems Corp.	10,081		398,401
Plexus Corp. *	28,000		939,680
Sybase, Inc. *	651		13,886
Sykes Enterprises, Inc. * (a)	17,460		232,567
			4,019,953
Construction & Mining Equipment - 0.04%
Kaman Corp., Class A	1,614		36,654
Construction Materials - 5.39%
Applied Industrial Technologies, Inc.	22,828		976,582
Columbus McKinnon Corp. *	3,900		104,910
JLG Industries, Inc.	20,138		1,187,941
Louisiana-Pacific Corp.	16,833		478,562
Universal Forest Products, Inc.	6,300		389,529
USG Corp. * (a)	16,933		1,430,500
			4,568,024
Containers & Glass - 1.14%
Greif, Inc., Class A (a)	7,610		440,695
Silgan Holdings, Inc.	13,248		522,236
			962,931
Cosmetics & Toiletries - 0.48%
Playtex Products, Inc. *	38,600		405,300
Crude Petroleum & Natural Gas - 0.77%
Harvest Natural Resources, Inc. * (a)	29,394		264,840
Penn Virginia Corp.	300		18,555
Pogo Producing Company	5,332		265,853
Swift Energy Company *	2,596		100,621
			649,869

The accompanying notes are an integral part of the financial statements. 248

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil - 1.59%
Frontier Oil Corp. (a)	22,642	$	1,047,193
Giant Industries, Inc. * (a)	4,731		275,344
St. Mary Land & Exploration Company	639		24,531
			1,347,068
Drugs & Health Care - 1.74%
Alliance Imaging, Inc. * (a)	9,640		56,683
Alpharma, Inc., Class A	32,024		968,726
Candela Corp. *	6,700		128,305
CNS, Inc. (a)	5,732		119,168
Nutraceutical International Corp. *	8,093		116,297
Vital Signs, Inc.	1,322		67,501
West Pharmaceutical Services, Inc.	710		22,926
			1,479,606
Electrical Equipment - 1.61%
A.O. Smith Corp. (a)	22,667		1,049,482
American Science & Engineering, Inc. * (a)	600		45,654
Ampex Corp. *	982		19,984
Greatbatch, Inc. * (a)	688		15,212
Lamson & Sessions Company * (a)	8,350		197,143
Watsco, Inc. (a)	600		41,772
			1,369,247
Electrical Utilities - 0.51%
Allegheny Energy, Inc. *	9,250		330,780
Pepco Holdings, Inc. (a)	4,100		97,457
			428,237
Electronics - 3.77%
Ansoft Corp. *	1,584		62,045
Arrow Electronics, Inc. * (a)	28,117		978,191
Avnet, Inc. *	15,334		385,343
AVX Corp. (a)	11,348		187,923
Imation Corp.	1,405		61,609
Itron, Inc. * (a)	2,369		140,861
LoJack Corp. *	2,590		58,923
Multi-Fineline Electronix, Inc. * (a)	6,620		376,943
Teleflex, Inc.	13,102		847,044
Zygo Corp. *	5,989		102,951
			3,201,833
Energy - 1.30%
Energen Corp.	30,936		1,105,343
Financial Services - 1.99%
Americredit Corp. *	12,412		366,154
Calamos Asset Management, Inc. (a)	1,188		45,584
City Holding Company (a)	2,913		106,062
Nelnet, Inc., Class A *	1,100		45,595
Raymond James Financial, Inc.	12,171		523,110
Stifel Financial Corp. * (a)	1,700		65,161
Taylor Capital Group, Inc. (a)	866		32,691
Westcorp, Inc.	7,018		504,243
			1,688,600

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 2.61%
Chiquita Brands International, Inc. (a)	15,085	$	259,764
Del Monte Foods Company	26,543		288,788
Domino's Pizza, Inc.	30,636		781,218
Gold Kist, Inc. *	2,310		30,654
Hansen Natural Corp. * (a)	200		18,668
M & F Worldwide Corp. * (a)	7,776		128,304
PepsiAmericas, Inc.	3,642		87,116
Seabord Corp. (a)	377		563,238
Spartan Stores, Inc. (a)	4,900		57,771
			2,215,521
Forest Products - 0.27%
Rayonier, Inc. (a)	5,400		232,740
Funeral Services - 0.12%
Alderwoods Group, Inc. * (a)	6,183		105,606
Gas & Pipeline Utilities - 1.69%
Nicor, Inc. (a)	20,710		889,080
UGI Corp.	24,079		540,574
			1,429,654
Healthcare Products - 4.29%
Cantel Medical Corp. *	800		13,696
Cutera, Inc. * (a)	11,736		317,928
Dade Behring Holdings, Inc.	22,715		828,643
DENTSPLY International, Inc.	2,272		129,481
Edwards Lifesciences Corp. *	6,570		271,670
Haemonetics Corp. * (a)	14,333		742,450
Health Tronics, Inc. * (a)	4,090		29,734
Henry Schein, Inc. *	400		18,660
Hologic, Inc. *	2,266		108,383
ICU Medical, Inc. * (a)	7,587		266,304
IDEXX Laboratories, Inc. * (a)	400		31,432
Kinetic Concepts, Inc. *	1,314		48,749
Molecular Devices Corp. * (a)	700		22,281
PetMed Express, Inc. * (a)	12,245		228,859
PSS World Medical, Inc. * (a)	4,800		82,944
Respironics, Inc. *	2,350		85,446
SurModics, Inc. * (a)	9,486		367,677
Sybron Dental Specialties, Inc. * (a)	702		26,859
Zoll Medical Corp. *	657		17,246
			3,638,442
Healthcare Services - 2.78%
Genesis HealthCare Corp. * (a)	6,381		253,645
Magellan Health Services, Inc. * (a)	19,203		733,362
Odyssey Healthcare, Inc. * (a)	1,500		28,230
Pediatrix Medical Group, Inc. * (a)	300		28,314
Per-Se Technologies, Inc. * (a)	3,615		91,315
Sierra Health Services, Inc. *	29,300		1,221,517
			2,356,383
Holdings Companies/Conglomerates - 0.02%
United Industrial Corp. (a)	400		20,664

The accompanying notes are an integral part of the financial statements. 249

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders - 1.65%
NVR, Inc. * (a)	1,858	$	1,399,074
Hotels & Restaurants - 1.29%
Luby's Cafeterias, Inc. * (a)	13,387		199,600
Main Street Restaurant Group, Inc. * (a)	8,386		46,123
Papa Johns International, Inc. * (a)	25,818		849,412
			1,095,135
Industrial Machinery - 1.58%
Cummins, Inc. (a)	10,009		1,083,775
Flow International Corp. * (a)	9,936		129,863
Mitcham Industries Inc * (a)	7,455		124,871
			1,338,509
Industrials - 0.45%
Clean Harbors, Inc. * (a)	11,528		380,193
Insurance - 4.32%
American Financial Group, Inc.	4,870		201,618
Conseco, Inc. *	17,603		437,259
First American Corp.	7,655		322,735
FPIC Insurance Group, Inc. * (a)	400		14,056
LandAmerica Financial Group, Inc. (a)	16,319		1,088,477
Philadelphia Consolidated Holding Corp. *	563		60,241
Protective Life Corp.	7,211		351,536
Safety Insurance Group, Inc. (a)	5,626		243,212
Selective Insurance Group, Inc. (a)	2,761		149,701
Zenith National Insurance Corp. (a)	15,434		794,851
			3,663,686
International Oil - 0.54%
Callon Petroleum Company * (a)	12,800		226,304
Parker Drilling Company * (a)	24,900		230,325
			456,629
Internet Service Provider - 1.66%
Earthlink, Inc. *	86,389		856,979
TriZetto Group, Inc. * (a)	11,409		191,215
United Online, Inc. (a)	29,923		359,375
			1,407,569
Leisure Time - 1.25%
Bluegreen Corp. * (a)	5,749		91,237
DreamWorks Animation SKG, Class A *	30,178		814,806
Handleman Company (a)	1,200		11,796
Steinway Musical Instruments, Inc. *	4,232		139,444
			1,057,283
Manufacturing - 1.23%
Acuity Brands, Inc.	700		27,643
Blout International, Inc. * (a)	21,000		343,140
Mettler-Toledo International, Inc. *	11,068		670,278
			1,041,061
Medical-Hospitals - 0.16%
Air Methods Corp * (a)	1,600		37,936
Community Health Systems, Inc. *	2,465		93,473
			131,409

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 3.68%
Commercial Metals Company	4,260	$	192,935
Metal Management, Inc.	18,114		510,996
Quanex Corp.	16,037		995,417
Reliance Steel & Aluminum Company (a)	16,713		1,376,984
Shiloh Industries, Inc *	3,016		49,161
			3,125,493
Mining - 0.33%
Cleveland-Cliffs, Inc. (a)	3,246		279,318
Office Furnishings & Supplies - 0.02%
CompX International, Inc. (a)	1,227		20,908
Petroleum Services - 3.50%
McDermott International, Inc. *	22,023		1,135,286
SEACOR SMIT, Inc. * (a)	3,590		261,962
Tesoro Petroleum Corp. (a)	7,258		438,456
Veritas DGC, Inc. * (a)	26,961		1,135,867
			2,971,571
Pharmaceuticals - 2.41%
Alkermes, Inc. * (a)	44,374		1,127,544
King Pharmaceuticals, Inc. *	46,173		750,311
United Therapeutics Corp. * (a)	500		30,820
ViroPharma, Inc. * (a)	6,800		131,580
			2,040,255
Publishing - 0.58%
Consolidated Graphics, Inc. *	3,830		195,598
John Wiley & Sons, Inc Class A	500		18,825
Playboy Enterprises, Inc., Class B * (a)	6,900		95,634
Scholastic Corp. *	6,096		179,344
			489,401
Railroads & Equipment - 0.33%
Kansas City Southern * (a)	11,934		276,511
Real Estate - 2.13%
Boykin Lodging Company, REIT *	6,336		80,974
CBL & Associates Properties, Inc., REIT	20,393		868,742
Innkeepers USA Trust, REIT	9,310		163,204
MeriStar Hospitality Corp., REIT * (a)	18,436		190,075
Mission West Properties, Inc., REIT (a)	8,196		87,697
PS Business Parks, Inc., REIT	2,000		106,380
Saul Centers, Inc., REIT (a)	1,200		46,548
Tanger Factory Outlet Centers, Inc., REIT	2,700		87,210
Taubman Centers, Inc., REIT	4,363		173,386
			1,804,216
Retail Trade - 7.97%
Barnes & Noble, Inc.	20,224		871,048
Blair Corp.	1,700		70,125
Bon-Ton Stores, Inc. (a)	2,400		65,328
Building Materials Holding Corp. (a)	13,609		915,886
Burlington Coat Factory Warehouse Corp. (a)	400		18,016
Genesco, Inc. * (a)	8,035		326,221
Longs Drug Stores Corp. (a)	21,238		814,902
Pantry, Inc. * (a)	15,219		900,508

The accompanying notes are an integral part of the financial statements.

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Payless ShoeSource, Inc. *	36,314	$	860,642
Sonic Automotive, Inc. (a)	28,300		749,667
Sportsman's Guide, Inc. *	826		20,890
Steven Madden, Ltd. * (a)	3,985		127,719
The Dress Barn, Inc. * (a)	23,625		1,020,127
			6,761,079
Semiconductors - 0.70%
Cymer, Inc. * (a)	4,513		202,995
Netlogic Microsystems, Inc * (a)	1,370		48,429
OmniVision Technologies, Inc. * (a)	6,981		178,016
ON Semiconductor Corp. * (a)	25,121		165,547
			594,987
Software - 1.21%
Actuate Corp. * (a)	9,700		37,636
Aspen Technology, Inc. * (a)	9,415		112,792
DucoCorp, Inc. *	2,500		19,437
Novell, Inc. *	72,600		690,426
SPSS, Inc. *	5,100		166,464
			1,026,755
Steel - 0.16%
Chaparral Steel Company * (a)	1,837		84,153
Novamerican Stee, Inc *	800		32,128
Olympic Steel, Inc. (a)	784		20,666
			136,947
Telecommunications Equipment &
Services - 0.64%
ADTRAN, Inc.	7,718		212,400
Iowa Telecommunications Services, Inc. (a)	1,200		21,240
Premiere Global Services, Inc. *	38,030		312,226
			545,866
Telephone - 0.66%
CenturyTel, Inc. (a)	9,671		347,963
TALK America Holdings, Inc. * (a)	22,840		194,825
Valor Communications Group, Inc. (a)	1,686		20,822
			563,610
Tires & Rubber - 0.89%
Goodyear Tire & Rubber Company * (a)	52,785		756,409
Tobacco - 1.02%
Loews Corp. - Carolina Group (a)	18,304		869,257
Toys, Amusements & Sporting Goods - 1.49%
Hasbro, Inc.	12,754		258,779
Jakks Pacific, Inc. * (a)	40,400		1,002,728
			1,261,507
Transportation - 0.59%
Bristow Group, Inc * (a)	679		20,275
Kirby Corp. *	3,197		195,976
Laidlaw International, Inc.	10,273		283,535
			499,786

Small Company Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Travel Services - 0.02%
Ambassadors Group, Inc.		600	$	14,514
Trucking & Freight - 1.57%
Arkansas Best Corp.		3,353		139,351
EGL, Inc. *		3,000		121,350
Forward Air Corp. (a)		4,365		154,870
Heartland Express, Inc.		8,330		192,673
Knight Transportation, Inc. (a)		11,394		225,487
Landstar Systems, Inc.		8,502		396,108
Navistar International Corp. *		500		14,675
Old Dominion Freight Lines, Inc. * (a)		3,300		86,988
				1,331,502
TOTAL COMMON STOCKS (Cost $76,735,181)			$	84,625,010
SHORT TERM INVESTMENTS - 40.78%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	34,585,798	$	34,585,798
TOTAL SHORT TERM INVESTMENTS
(Cost $34,585,798)			$	34,585,798
REPURCHASE AGREEMENTS - 0.44%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$375,033 on 03/01/2006,
collateralized by $410,000 FNMA
5.50% due 7/14/2028 (valued at
$384,946 including interest) (c)	$	375,000	$	375,000
TOTAL REPURCHASE AGREEMENTS
(Cost $375,000)			$	375,000
Total Investments (Small Company Fund)
(Cost $111,695,979) - 140.99%			$	119,585,808
Liabilities in Excess of Other Assets - (40.99)%				(34,765,983)
TOTAL NET ASSETS - 100.00%			$	84,819,825
Small Company Growth Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.72%
Advertising - 0.62%
ValueClick, Inc. *		22,690	$	397,302
Apparel & Textiles - 2.70%
Joseph A. Bank Clothiers, Inc. *		17,473		779,448
Warnaco Group, Inc. *		21,627		501,963
Wolverine World Wide, Inc.		20,653		455,605
				1,737,016
Banking - 2.82%
East West Bancorp, Inc.		12,014		452,808
PrivateBancorp, Inc.		7,593		288,002
SVB Financial Group *		9,891		504,342

The accompanying notes are an integral part of the financial statements. 251

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Texas Capital Bancshares, Inc. *	12,866	$	277,648
Texas Regional Bancshares, Inc., Class A	9,344		288,543
			1,811,343
Biotechnology - 3.64%
Integra LifeSciences Holdings Corp. *	15,324		610,508
MGI Pharma, Inc. *	18,727		330,157
Millipore Corp. *	7,769		538,625
Myriad Genetics, Inc. *	16,543		424,824
Nektar Therapeutics *	20,857		436,120
			2,340,234
Building Materials & Construction - 1.49%
Eagle Materials, Inc.	17,700		958,101
Business Services - 5.54%
Corporate Executive Board Company	6,472		647,200
CoStar Group, Inc. *	10,608		547,479
Euronet Worldwide, Inc. *	19,677		689,876
Global Payments, Inc.	10,970		571,098
Jackson Hewitt Tax Service, Inc.	79		2,243
Korn/Ferry International *	26,282		553,236
MPS Group, Inc. *	36,298		549,552
			3,560,684
Chemicals - 1.04%
Rockwood Holdings, Inc. *	15,841		362,759
The Scotts Company, Class A	6,384		305,730
			668,489
Computers & Business Equipment - 2.15%
Blue Coat Systems, Inc. *	7,255		154,024
Kronos, Inc. *	11,166		457,918
Merge Technologies, Inc. *	16,395		316,915
Micros Systems, Inc. *	10,515		455,194
			1,384,051
Construction Materials - 1.59%
JLG Industries, Inc.	11,442		674,964
Regal-Beloit Corp.	8,567		344,736
			1,019,700
Crude Petroleum & Natural Gas - 1.70%
Hydril *	7,200		484,848
Unit Corp. *	11,429		607,680
			1,092,528
Domestic Oil - 2.07%
Encore Aquisition Company *	17,830		546,311
Range Resources Corp.	19,220		459,935
Whiting Petroleum Corp. *	7,988		324,313
			1,330,559
Drugs & Health Care - 1.45%
Immucor Corp. *	13,866		413,484
Mentor Corp.	12,077		519,794
			933,278

Small Company Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment - 2.77%
FLIR Systems, Inc. *	21,309	$	550,625
Varian, Inc. *	14,467		577,233
Wesco International, Inc. *	11,349		650,525
			1,778,383
Electrical Utilities - 0.24%
Pike Electric Corp. *	8,180		155,829
Electronics - 3.08%
Mercury Computer Systems, Inc. *	18,577		320,267
Orbotech, Ltd. ADR *	12,796		304,929
Thomas & Betts Corp. *	14,459		711,383
Trimble Navigation, Ltd. *	15,669		641,019
			1,977,598
Financial Services - 1.96%
Affiliated Managers Group, Inc. *	6,824		671,686
Jefferies Group, Inc.	10,284		586,600
			1,258,286
Healthcare Products - 5.06%
American Medical Systems Holdings, Inc. *	26,807		580,908
Cyberonics, Inc. *	16,181		439,638
Gen-Probe, Inc. *	13,084		653,676
Nuvasive, Inc. *	30,121		556,937
ResMed, Inc. *	13,753		558,234
Wright Medical Group, Inc. *	23,887		461,736
			3,251,129
Healthcare Services - 3.74%
Cerner Corp. *	12,604		524,704
Pediatrix Medical Group, Inc. *	7,464		704,452
Per-Se Technologies, Inc. *	22,629		571,609
The Advisory Board Company *	11,182		603,493
			2,404,258
Holdings Companies/Conglomerates - 1.24%
United Industrial Corp.	15,450		798,147
Hotels & Restaurants - 3.69%
Applebee's International, Inc.	13,562		313,825
Choice Hotels, Inc.	10,365		461,553
Jack In the Box, Inc. *	15,096		603,840
P.F. Chang's China Bistro, Inc. *	12,172		588,395
RARE Hospitality International, Inc. *	12,761		408,352
			2,375,965
Household Appliances - 0.76%
The Toro Company	10,548		486,579
Household Products - 1.43%
Church & Dwight, Inc.	13,048		450,547
Tempur-Pedic International, Inc. *	39,831		470,006
			920,553
Industrial Machinery - 2.22%
Actuant Corp., Class A	8,913		491,106
Ceradyne, Inc. *	5,994		364,915

The accompanying notes are an integral part of the financial statements. 252

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery (continued)
FMC Technologies, Inc. *	12,124	$	568,858
			1,424,879
Insurance - 1.64%
HCC Insurance Holdings, Inc.	16,047		516,553
ProAssurance Corp. *	10,429		534,903
			1,051,456
Internet Content - 0.80%
Digitas, Inc. *	36,477		515,420
Internet Software - 1.93%
F5 Networks, Inc. *	7,579		514,008
Safenet, Inc. *	13,872		345,690
Sapient Corp. *	50,458		378,435
			1,238,133
Leisure Time - 0.73%
RC2 Corp. *	13,097		471,885
Manufacturing - 0.47%
Blout International, Inc. *	18,560		303,270
Medical-Hospitals - 2.17%
AmSurg Corp. *	14,316		313,663
Lifepoint Hospitals, Inc. *	14,682		456,023
VCA Antech, Inc. *	22,443		627,282
			1,396,968
Mining - 0.81%
Lincoln Electric Holding, Inc.	11,320		522,531
Petroleum Services - 4.05%
Atwood Oceanics, Inc. *	5,439		490,489
Core Laboratories NV *	15,947		731,170
Grey Wolf, Inc. *	59,286		411,445
Superior Energy Services, Inc. *	19,601		509,626
Veritas DGC, Inc. *	10,986		462,840
			2,605,570
Pharmaceuticals - 3.67%
Alkermes, Inc. *	20,379		517,830
Amylin Pharmaceuticals, Inc. *	8,450		366,561
Encysive Pharmaceuticals, Inc. *	29,599		269,351
First Horizon Pharmaceutical Corp. *	22,747		466,768
NPS Pharmaceuticals, Inc. *	15,287		234,503
United Therapeutics Corp. *	8,214		506,311
			2,361,324
Pollution Control - 1.02%
Stericycle, Inc. *	10,901		658,966
Real Estate - 0.45%
BioMed Realty Trust, Inc., REIT	10,502		290,695
Retail Grocery - 0.87%
United Natural Foods, Inc. *	16,873		561,196
Retail Trade - 5.36%
BJ's Wholesale Club, Inc. *	15,358		486,234
Charlotte Russe Holding, Inc. *	14,264		259,605

Small Company Growth Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Childrens Place Retail Stores, Inc. *	11,840	$	552,573
Coldwater Creek, Inc. *	23,263		522,720
Dicks Sporting Goods, Inc. *	13,032		493,913
Guitar Center, Inc. *	8,033		415,788
New York & Co., Inc. *	11,616		195,962
Regis Corp.	13,637		522,024
			3,448,819
Semiconductors - 6.49%
Cirrus Logic, Inc. *	47,614		361,390
Emulex Corp. *	22,684		403,775
FormFactor, Inc. *	20,400		751,536
Genesis Microchip, Inc. *	14,418		309,987
Microsemi Corp. *	29,495		906,971
Power Integrations, Inc. *	18,041		447,958
Tessera Technologies, Inc. *	17,226		537,968
Varian Semiconductor Equipment
Associates, Inc. *	9,659		455,519
			4,175,104
Software - 4.30%
Allscripts Healthcare Solution, Inc. *	20,630		386,813
ANSYS, Inc. *	10,912		517,447
Avid Technology, Inc. *	8,247		386,289
Blackboard, Inc. *	18,929		545,344
Epicor Software Corp. *	33,742		419,076
MicroStrategy, Inc. *	5,568		510,474
			2,765,443
Steel - 1.14%
Carpenter Technology Corp.	8,777		733,670
Telecommunications Equipment &
Services - 4.64%
Aeroflex, Inc. *	40,115		521,495
NETGEAR, Inc. *	26,776		459,476
NeuStar, Inc., Class A *	14,117		406,569
NICE Systems, Ltd. *	6,484		337,557
Polycom, Inc. *	27,423		532,555
SBA Communications Corp. *	32,410		728,901
			2,986,553
Toys, Amusements & Sporting Goods - 0.70%
Marvel Entertainment, Inc. *	24,320		450,406
Transportation - 0.75%
Kirby Corp. *	7,824		479,611
Trucking & Freight - 3.73%
Forward Air Corp.	11,644		413,129
Heartland Express, Inc.	17,583		406,695
Knight Transportation, Inc.	23,498		465,026
Old Dominion Freight Lines, Inc. *	20,411		538,034
Swift Transportation, Inc. *	24,286		578,978
			2,401,862
TOTAL COMMON STOCKS (Cost $56,331,793)		$	63,483,773

The accompanying notes are an integral part of the financial statements. 253

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Growth Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.53%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
4.25% to be repurchased at
$980,116 on 03/01/2006,
collateralized by $1,050,000
Federal National Mortgage
Association, 3.25% due 2/15/2009
(valued at $1,003,490, including
interest) (c)	$	980,000	$	980,000
TOTAL REPURCHASE AGREEMENTS
(Cost $980,000)			$	980,000
Total Investments (Small Company Growth Fund)
(Cost $57,311,793) - 100.25%			$	64,463,773
Liabilities in Excess of Other Assets - (0.25)%				(157,991)
TOTAL NET ASSETS - 100.00%			$	64,305,782
Small Company Value Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.01%
Aerospace - 1.15%
EDO Corp. (a)		52,700	$	1,535,151
Woodward Governor Company		78,600		2,526,990
				4,062,141
Apparel & Textiles - 0.90%
Culp, Inc. * (a)		40,000		198,000
G & K Services, Class A (a)		76,100		2,975,510
				3,173,510
Auto Parts - 0.23%
Accuride Corp. * (a)		71,000		803,720
Auto Services - 1.05%
Dollar Thrifty Automotive Group, Inc. * (a)		92,000		3,714,960
Banking - 6.74%
Boston Private Financial Holdings, Inc. (a)		39,700		1,215,217
East West Bancorp, Inc. (a)		138,000		5,201,220
First Republic Bank (a)		141,500		5,135,035
Netbank, Inc. (a)		126,000		938,700
SVB Financial Group * (a)		109,000		5,557,910
Texas Regional Bancshares, Inc., Class A (a)		188,200		5,811,616
				23,859,698
Biotechnology - 1.53%
Exelixis, Inc. * (a)		137,700		1,495,422
Lexicon Genetics, Inc. * (a)		150,000		615,000
Myriad Genetics, Inc. * (a)		129,600		3,328,128
				5,438,550
Broadcasting - 0.29%
Saga Communications, Inc., Class A * (a)		109,400		1,036,018
Building Materials & Construction - 0.35%
ElkCorp. (a)		34,200		1,234,620

Small Company Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 4.28%
Electro Rent Corp. * (a)	119,500	$	1,780,550
FTI Consulting, Inc. * (a)	99,300		2,774,442
McGrath Rentcorp (a)	142,600		3,924,352
MPS Group, Inc. * (a)	253,400		3,836,476
StarTek, Inc. (a)	89,700		1,767,090
Wireless Facilities, Inc. * (a)	243,700		1,096,650
			15,179,560
Chemicals - 2.57%
Airgas, Inc. (a)	106,100		3,860,979
Arch Chemicals, Inc. (a)	89,500		2,525,690
MacDermid, Inc. (a)	93,000		2,736,060
			9,122,729
Commercial Services - 0.22%
Live Nation, Inc. *	44,700		797,895
Construction & Mining Equipment - 0.65%
Carbo Ceramics, Inc. (a)	42,200		2,310,450
Construction Materials - 4.39%
Ameron International Corp. (a)	39,500		2,346,300
Florida Rock Industries, Inc. (a)	83,337		4,801,045
JLG Industries, Inc. (a)	142,700		8,417,873
			15,565,218
Crude Petroleum & Natural Gas - 1.48%
Penn Virginia Corp. (a)	84,700		5,238,695
Domestic Oil - 3.74%
Forest Oil Corp. * (a)	97,000		4,816,050
TETRA Technologies, Inc. * (a)	133,500		5,019,600
Union Drilling, Inc. * (a)	27,600		346,380
Whiting Petroleum Corp. * (a)	75,400		3,061,240
			13,243,270
Drugs & Health Care - 1.99%
Arrow International, Inc. (a)	59,200		1,831,648
Diversa Corp. * (a)	165,000		1,305,150
Landauer, Inc. (a)	35,200		1,619,200
West Pharmaceutical Services, Inc. (a)	71,500		2,308,735
			7,064,733
Electrical Equipment - 1.90%
C & D Technologies, Inc. (a)	104,000		888,160
Genlyte Group, Inc. * (a)	48,300		2,988,804
Littelfuse, Inc. * (a)	73,444		2,110,780
Methode Electronics, Inc., Class A (a)	61,800		758,286
			6,746,030
Electrical Utilities - 2.25%
Black Hills Corp. (a)	72,600		2,509,782
Cleco Corp.	88,400		1,988,116
El Paso Electric Company * (a)	95,000		1,942,750
Otter Tail Corp. (a)	37,300		1,161,895
Pike Electric Corp. * (a)	19,100		363,855
			7,966,398

The accompanying notes are an integral part of the financial statements. 254

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 2.39%
Analogic Corp. (a)	22,200	$	1,197,690
Belden CDT, Inc. (a)	102,450		2,641,161
Franklin Electric, Inc. (a)	103,000		4,619,550
			8,458,401
Financial Services - 0.39%
American Capital Strategies, Ltd. (a)	38,500		1,374,450
Food & Beverages - 0.18%
Centerplate, Inc. (a)	50,600		656,788
Forest Products - 0.87%
Deltic Timber Corp. (a)	58,800		3,072,888
Furniture & Fixtures - 0.69%
Stanley Furniture Company, Inc. (a)	95,400		2,432,700
Gas & Pipeline Utilities - 1.08%
Southwest Gas Corp. (a)	57,300		1,634,196
Valley National Gases, Inc.	32,200		697,130
Vectren Corp. (a)	57,100		1,505,156
			3,836,482
Gold - 0.70%
Meridian Gold, Inc. * (a)	97,400		2,468,116
Healthcare Products - 1.26%
Owens & Minor, Inc. (a)	140,000		4,464,600
Hotels & Restaurants - 1.58%
RARE Hospitality International, Inc. * (a)	130,250		4,168,000
Ruby Tuesday, Inc. (a)	50,000		1,427,500
			5,595,500
Industrial Machinery - 1.13%
IDEX Corp. (a)	84,450		3,990,262
Insurance - 4.41%
Markel Corp. * (a)	9,200		3,022,660
Max Re Capital, Ltd.	105,000		2,563,050
Midland Company (a)	67,600		2,276,092
ProAssurance Corp. *	118,600		6,082,994
Scottish Re Group, Ltd. (a)	45,800		1,145,000
Triad Guaranty, Inc. *	11,899		540,096
			15,629,892
Internet Software - 0.59%
RSA Security, Inc. * (a)	143,300		2,103,644
Investment Companies - 1.61%
Allied Capital Corp. (a)	90,800		2,664,072
First Financial Fund, Inc. (a)	166,198		2,690,746
Hercules Technology Growth Capital, Inc.	33,000		356,400
			5,711,218
Leisure Time - 1.30%
SCP Pool Corp. (a)	106,000		4,607,820
Life Sciences - 0.58%
Symyx Technologies, Inc. * (a)	71,000		2,059,000
Manufacturing - 2.18%
AptarGroup, Inc.	68,400		3,628,620

Small Company Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
Nordson Corp.	82,000	$	4,093,440
			7,722,060
Metal & Metal Products - 2.94%
Gibraltar Industries, Inc. (a)	123,100		3,140,281
Matthews International Corp., Class A (a)	124,000		4,605,360
Metal Management, Inc. (a)	94,200		2,657,382
			10,403,023
Mobile Homes - 1.03%
Skyline Corp. (a)	47,000		1,885,640
Winnebago Industries, Inc. (a)	55,500		1,782,660
			3,668,300
Mutual Funds - 0.85%
iShares Russell 2000 Index Fund (a)	17,500		1,270,150
iShares Russell 2000 Value Index Fund (a)	24,400		1,740,696
			3,010,846
Newspapers - 0.39%
Journal Register Company (a)	106,500		1,369,590
Paper - 0.66%
Chesapeake Corp. (a)	33,800		445,822
Wausau-Mosinee Paper Corp. (a)	145,600		1,892,800
			2,338,622
Petroleum Services - 2.89%
Atwood Oceanics, Inc. * (a)	29,200		2,633,256
Lone Star Technologies, Inc. * (a)	40,300		2,002,910
TODCO * (a)	98,800		3,311,776
W-H Energy Services, Inc. * (a)	57,900		2,287,050
			10,234,992
Pharmaceuticals - 0.11%
Pharmion Corp. *	22,800		376,656
Publishing - 0.09%
Courier Corp. (a)	7,700		303,919
Railroads & Equipment - 1.09%
Genesee & Wyoming, Inc., Class A *	84,500		3,865,875
Real Estate - 6.67%
Bedford Property Investments, Inc., REIT (a)	71,000		1,904,220
Columbia Equity Trust, Inc., REIT (a)	54,000		933,120
First Potomac Realty Trust, REIT	92,200		2,732,808
Glenborough Realty Trust, Inc., REIT (a)	56,000		1,083,600
Innkeepers USA Trust, REIT	82,100		1,439,213
Kilroy Realty Corp., REIT (a)	89,500		6,696,390
LaSalle Hotel Properties, REIT	89,000		3,555,550
Strategic Hotel Cap, Inc., REIT (a)	138,900		3,000,240
Washington REIT (a)	68,500		2,289,270
			23,634,411
Retail Grocery - 0.71%
Nash-Finch Company (a)	40,100		1,243,100
Wild Oats Markets, Inc. * (a)	70,800		1,270,860
			2,513,960

The accompanying notes are an integral part of the financial statements. 255

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Small Company Value Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade - 5.45%
Aaron Rents, Inc., Class A		5,350	$	131,075
Aaron Rents, Inc., Class B (a)		237,400		6,219,880
Casey's General Stores, Inc. (a)		122,600		3,215,798
CSS Industries, Inc. (a)		69,000		2,125,200
Fred's, Inc., Class A (a)		101,400		1,416,558
Hancock Fabrics, Inc. (a)		93,100		386,365
Haverty Furniture Companies, Inc. (a)		157,000		2,237,250
Stein Mart, Inc. (a)		215,000		3,586,200
				19,318,326
Sanitary Services - 2.49%
Casella Waste Systems, Inc., Class A * (a)		162,900		2,305,035
Insituform Technologies, Inc., Class A * (a)		133,100		3,581,721
Synagro Technologies, Inc. (a)		99,900		477,522
Waste Connections, Inc. * (a)		66,700		2,443,888
				8,808,166
Semiconductors - 2.26%
ATMI, Inc. * (a)		62,100		1,864,863
Brooks Automation, Inc. * (a)		255,798		4,013,471
Entegris, Inc. * (a)		204,137		2,135,273
				8,013,607
Software - 3.38%
Packeteer, Inc. * (a)		136,200		1,628,952
Progress Software Corp. * (a)		110,000		3,212,000
SPSS, Inc. * (a)		96,400		3,146,496
Websense, Inc. * (a)		64,300		3,974,383
				11,961,831
Steel - 1.32%
Carpenter Technology Corp. (a)		56,000		4,681,040
Telecommunications Equipment &
Services - 0.45%
Premiere Global Services, Inc. * (a)		192,600		1,581,246
Tires & Rubber - 0.41%
Myers Indiana, Inc. (a)		89,800		1,436,800
Tobacco - 0.14%
Alliance One International, Inc. (a)		108,000		480,600
Transportation - 3.58%
Kirby Corp. * (a)		77,000		4,720,100
Macquarie Infrastructure Company Trust (a)		73,300		2,536,180
UTI Worldwide, Inc. (a)		51,900		5,430,297
				12,686,577
Trucking & Freight - 2.45%
Landstar Systems, Inc. (a)		186,000		8,665,740
TOTAL COMMON STOCKS (Cost $297,698,856)			$	340,096,143
SHORT TERM INVESTMENTS - 38.87%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	127,033,163	$	127,033,163

Small Company Value Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
T. Rowe Price Reserve Investment
Fund (c)	$	10,661,019	$	10,661,019
TOTAL SHORT TERM INVESTMENTS
(Cost $137,694,182)			$	137,694,182
REPURCHASE AGREEMENTS - 0.90%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$3,178,282 on 03/01/2006,
collateralized by $3,315,000
Federal Home Loan Bank, 3.625%
due 11/14/2008 (valued at
$3,244,556, including interest) (c)	$	3,178,000	$	3,178,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,178,000)			$	3,178,000
Total Investments (Small Company Value Fund)
(Cost $438,571,038) - 135.78%			$	480,968,325
Liabilities in Excess of Other Assets - (35.78)%				(126,738,409)
TOTAL NET ASSETS - 100.00%			$	354,229,916
Special Value Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.53%
Aerospace - 2.52%
DRS Technologies, Inc. (a)		18,612	$	982,155
HEICO Corp., Class A		34,201		889,568
Orbital Sciences Corp., Class A * (a)		61,505		936,721
				2,808,444
Air Travel - 0.92%
Airtran Holdings, Inc. * (a)		31,500		560,070
SkyWest, Inc. (a)		16,153		467,952
				1,028,022
Apparel & Textiles - 0.98%
Timberland Company, Class A *		31,104		1,090,195
Auto Parts - 0.78%
Lear Corp. (a)		41,478		865,231
Banking - 11.42%
Amcore Financial, Inc. (a)		26,052		779,215
BancTrust Financial Group, Inc. (a)		17,451		384,969
Cascade Financial Corp.		5,869		107,109
Central Pacific Financial Corp. (a)		29,633		1,096,421
City Bank Lynnwood WA (a)		3,693		156,288
Cullen Frost Bankers, Inc. (a)		17,580		969,010
First Charter Corp. (a)		35,197		862,678
First Security Group, Inc. (a)		58,191		621,480
First State Bancorporation (a)		36,475		941,784
IBERIABANK Corp. (a)		6,852		395,772
Investors Financial Services Corp. (a)		12,500		563,875

The accompanying notes are an integral part of the financial statements. 256

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Special Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Midwest Banc Holdings, Inc. (a)	37,410	$	961,437
Pacific Capital Bancorp (a)	32,098		1,146,862
Sterling Bancorp (a)	18,402		374,297
Tompkins Trustco, Inc. (a)	5,797		270,546
UCBH Holdings, Inc. (a)	73,100		1,308,490
Umpqua Holdings Corp. (a)	42,525		1,145,198
Webster Financial Corp. (a)	13,653		643,739
			12,729,170
Business Services - 5.30%
Black Box Corp.	21,244		1,015,038
John H. Harland Company	17,847		645,883
Korn/Ferry International * (a)	9,463		199,196
Labor Ready, Inc. *	49,964		1,227,615
Perot Systems Corp., Class A * (a)	73,454		1,109,890
Tech Data Corp. *	13,409		556,876
Watson Wyatt & Company Holdings (a)	37,773		1,154,343
			5,908,841
Chemicals - 2.86%
Cabot Microelectronics Corp. * (a)	16,510		563,321
Georgia Gulf Corp. (a)	22,300		640,010
Lyondell Chemical Company	19,774		413,672
Olin Corp. (a)	34,102		716,483
OM Group, Inc. * (a)	40,200		852,642
			3,186,128
Computers & Business Equipment - 0.27%
Rimage Corp. * (a)	13,890		302,524
Construction & Mining Equipment - 1.17%
National Oilwell, Inc. *	21,467		1,306,911
Construction Materials - 1.60%
EMCOR Group, Inc. *	29,634		1,291,746
Patrick Industries, Inc. *	47,053		494,057
			1,785,803
Containers & Glass - 1.32%
Smurfit-Stone Container Corp. *	112,535		1,476,459
Cosmetics & Toiletries - 1.25%
Steiner Leisure, Ltd. * (a)	32,668		1,392,637
Crude Petroleum & Natural Gas - 1.63%
Newfield Exploration Company *	9,484		366,557
Western Refining, Inc.	20,600		334,544
XTO Energy, Inc.	26,668		1,117,122
			1,818,223
Domestic Oil - 1.19%
Denbury Resources, Inc. * (a)	46,830		1,327,631
Educational Services - 0.67%
Leapfrog Enterprises, Inc., Class A *	64,357		749,759
Electrical Equipment - 1.12%
Tektronix, Inc.	40,667		1,252,544
Electrical Utilities - 0.20%
MGE Energy, Inc. (a)	6,705		224,752

Special Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 2.59%
ATI Technologies, Inc. * (a)	58,455	$	928,265
Bel Fuse, Inc., Class B (a)	9,056		299,844
Mercury Computer Systems, Inc. * (a)	55,015		948,459
Woodhead Industries, Inc. (a)	48,780		707,310
			2,883,878
Energy - 0.46%
New Jersey Resources Corp.	11,502		517,590
Financial Services - 2.10%
Financial Federal Corp. (a)	24,716		690,304
Portfolio Recovery Associates, Inc. * (a)	32,858		1,607,085
Thomas Weisel Partners Group Inc * (a)	1,900		40,603
			2,337,992
Food & Beverages - 1.41%
Del Monte Foods Company	133,761		1,455,320
Pilgrims Pride Corp.	4,800		110,688
			1,566,008
Furniture & Fixtures - 0.72%
Furniture Brands International, Inc. (a)	32,669		807,578
Gas & Pipeline Utilities - 0.44%
Northwest Natural Gas Company (a)	14,289		489,255
Healthcare Services - 3.39%
AMERIGROUP Corp. * (a)	31,940		683,197
Apria Healthcare Group, Inc. *	31,581		726,047
Cross Country Healthcare, Inc. * (a)	55,505		1,016,296
MedQuist, Inc. *	36,465		510,510
National Dentex Corp. *	41,837		836,740
			3,772,790
Hotels & Restaurants - 1.00%
O'Charley's, Inc. * (a)	62,891		1,116,944
Industrial Machinery - 4.37%
Albany International Corp., Class A (a)	30,483		1,133,053
IDEX Corp.	30,262		1,429,880
Kennametal, Inc.	18,187		1,063,576
Sauer-Danfoss, Inc. (a)	57,981		1,243,692
			4,870,201
Industrials - 2.44%
Crane Company	37,484		1,442,759
Harsco Corp.	15,977		1,274,645
			2,717,404
Insurance - 5.73%
CNA Surety Corp. * (a)	42,226		733,888
EMC Insurance Group, Inc. (a)	44,800		1,098,496
Midland Company	29,242		984,578
PMI Group, Inc.	32,233		1,395,689
RLI Corp. (a)	15,885		837,457
Triad Guaranty, Inc. *	29,424		1,335,556
			6,385,664
Internet Software - 0.31%
McAfee, Inc. *	14,762		343,364

The accompanying notes are an integral part of the financial statements. 257

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Special Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Leisure Time - 0.41%
K2, Inc. * (a)	40,132	$	457,505
Manufacturing - 5.17%
AptarGroup, Inc.	18,627		988,162
Kaydon Corp. (a)	34,627		1,246,572
Pentair, Inc.	36,940		1,483,141
Roper Industries, Inc.	30,668		1,382,207
Snap-on, Inc.	17,055		663,781
			5,763,863
Medical-Hospitals - 0.76%
RehabCare Group, Inc. *	42,167		850,930
Metal & Metal Products - 2.70%
Gibraltar Industries, Inc.	43,919		1,120,374
Mueller Industries, Inc.	23,102		762,597
Timken Company	39,239		1,125,374
			3,008,345
Mutual Funds - 6.07%
iShares Nasdaq Biotechnology Index Fund * (a)	13,950		1,173,334
iShares Russell 2000 Value Index Fund (a)	78,323		5,587,563
			6,760,897
Office Furnishings & Supplies - 1.85%
IKON Office Solutions, Inc. (a)	69,984		920,290
United Stationers, Inc. *	23,071		1,142,014
			2,062,304
Paper - 0.39%
Pope & Talbot, Inc. (a)	57,064		431,975
Petroleum Services - 0.26%
Superior Well Services, Inc. * (a)	11,765		288,831
Pharmaceuticals - 1.07%
Bentley Pharmaceuticals, Inc. * (a)	67,083		1,195,419
Railroads & Equipment - 1.05%
Wabtec Corp. (a)	35,479		1,171,871
Real Estate - 4.95%
American Land Lease, Inc., REIT	16,898		450,839
Cousins Properties, Inc., REIT (a)	28,947		887,804
Duke Realty Corp., REIT	12,109		425,026
Equity One, Inc., REIT	24,429		549,652
Host Marriott Corp., REIT	38,595		749,901
LaSalle Hotel Properties, REIT	23,620		943,619
Liberty Property Trust, REIT	10,696		478,967
Pan Pacific Retail Properties, Inc., REIT	14,937		1,033,790
			5,519,598
Retail Trade - 2.80%
Cato Corp., Class A (a)	60,568		1,264,054
Deb Shops, Inc. (a)	15,825		500,861
Dillard's, Inc., Class A (a)	28,271		697,446
The Buckle, Inc. (a)	17,077		653,195
			3,115,556
Semiconductors - 1.62%
Exar Corp. * (a)	49,883		621,043

Special Value Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Varian Semiconductor Equipment
Associates, Inc. *		25,043	$	1,181,028
				1,802,071
Software - 2.06%
Dendrite International, Inc. * (a)		37,137		493,922
EPIQ Systems, Inc. * (a)		39,317		863,794
NetIQ Corp. * (a)		82,909		936,872
				2,294,588
Tires & Rubber - 1.01%
Cooper Tire & Rubber Company (a)		75,690		1,127,781
Transportation - 0.91%
Kirby Corp. *		16,569		1,015,680
Travel Services - 0.29%
Pegasus Solutions, Inc. * (a)		35,001		323,409
Trucking & Freight - 1.00%
Arkansas Best Corp.		26,803		1,113,933
TOTAL COMMON STOCKS (Cost $95,547,403)			$	105,366,498
CORPORATE BONDS - 0.09%
Metal & Metal Products - 0.09%
Mueller Industries, Inc.
6.00% due 11/01/2014 (a)	$	109,000		102,460
TOTAL CORPORATE BONDS (Cost $106,271)			$	102,460
SHORT TERM INVESTMENTS - 35.74%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	39,827,991	$	39,827,991
TOTAL SHORT TERM INVESTMENTS
(Cost $39,827,991)			$	39,827,991
REPURCHASE AGREEMENTS - 10.01%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$11,157,992 on 03/01/2006,
collateralized by $12,035,000
FNMA, 5.57% due 06/30/2028
(valued at $11,384,051, including
interest) (c)	$	11,157,000	$	11,157,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,157,000)			$	11,157,000
Total Investments (Special Value Fund)
(Cost $146,638,665) - 140.37%			$	156,453,949
Liabilities in Excess of Other Assets - (40.37)%				(44,993,148)
TOTAL NET ASSETS - 100.00%			$	111,460,801

The accompanying notes are an integral part of the financial statements. 258

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 17.82%
Aerospace - 0.31%
Lockheed Martin Corp.	14,100	$	1,027,467
Raytheon Company	22,900		993,860
			2,021,327
Aluminum - 0.11%
Alcoa, Inc.	24,500		718,340
Auto Parts - 0.11%
Genuine Parts Company	16,200		721,224
Automobiles - 0.04%
Ford Motor Company	33,100		263,807
Banking - 0.85%
AmSouth Bancorp.	390		10,822
Bank of America Corp.	19,160		878,486
Bank of Ireland - London	4,000		71,243
Bank of Ireland	26,000		463,388
BB&T Corp.	300		11,859
Citizens Banking Corp.	300		7,944
Comerica, Inc.	180		10,318
Fifth Third Bancorp.	33,900		1,310,235
Mercantile Bankshares Corp.	11,400		435,480
National City Corp.	13,070		454,836
Northern Trust Corp.	6,600		347,952
Regions Financial Corp.	660		22,955
SunTrust Banks, Inc.	12,900		933,573
US Bancorp	2,530		78,202
Wells Fargo Company	7,400		475,080
			5,512,373
Biotechnology - 0.11%
MedImmune, Inc. *	19,200		700,608
Broadcasting - 0.11%
CBS Corp., Class B	29,450		720,347
Business Services - 0.05%
Cendant Corp.	17,800		295,836
Cable and Television - 0.68%
Cablevision Systems New York Group,
Class A *	10,300		270,375
Comcast Corp., Class A *	39,600		1,062,468
EchoStar Communications Corp., Class A *	14,400		422,928
Rogers Communications, Inc.	5,875		235,176
Time Warner, Inc.	85,100		1,473,081
Viacom, Inc. *	23,850		953,046
			4,417,074
Cellular Communications - 0.15%
Motorola, Inc.	33,400		714,760
Nextel Partners, Inc., Class A *	9,850		276,391
			991,151
Chemicals - 0.25%
Chemtura Corp.	19,300		213,844
E.I. Du Pont De Nemours & Company	29,590		1,190,702

Spectrum Income Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
Hercules, Inc. *	19,200	$	227,520
			1,632,066
Computers & Business Equipment - 0.52%
Cisco Systems, Inc. *	44,200		894,608
Hewlett-Packard Company	31,000		1,017,110
International Business Machines Corp.	18,100		1,452,344
			3,364,062
Construction Materials - 0.12%
Vulcan Materials Company	9,500		750,500
Cosmetics & Toiletries - 0.60%
Avon Products, Inc.	29,900		862,615
Colgate-Palmolive Company	26,600		1,449,168
International Flavors & Fragrances, Inc.	24,500		848,435
Kimberly-Clark Corp.	11,900		704,242
			3,864,460
Crude Petroleum & Natural Gas - 0.52%
Amerada Hess Corp.	9,260		1,280,751
ChevronTexaco Corp.	37,050		2,092,584
			3,373,335
Domestic Oil - 0.05%
Murphy Oil Corp.	7,200		337,464
Drugs & Health Care - 0.21%
Wyeth	27,000		1,344,600
Electrical Equipment - 0.64%
Cooper Industries, Ltd., Class A	11,100		929,070
General Electric Company	97,300		3,198,251
			4,127,321
Electrical Utilities - 0.20%
FirstEnergy Corp.	14,640		747,811
Pinnacle West Capital Corp.	8,400		344,820
TECO Energy, Inc.	11,900		203,014
			1,295,645
Electronics - 0.13%
Sony Corp.	18,000		859,326
Energy - 0.43%
Duke Energy Corp.	44,740		1,270,616
Progress Energy, Inc.	18,700		829,906
Xcel Energy, Inc.	36,030		668,717
			2,769,239
Financial Services - 1.47%
Charles Schwab Corp.	77,100		1,249,791
Citigroup, Inc.	12,840		595,391
Federal National Mortgage Association	11,000		601,480
Janus Capital Group, Inc.	2,700		59,211
JPMorgan Chase & Company	67,930		2,794,640
Mellon Financial Corp.	37,200		1,342,548
Morgan Stanley	27,100		1,616,786
State Street Corp. (c)	19,500		1,218,360

The accompanying notes are an integral part of the financial statements. 259

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Washington Mutual, Inc.	240	$	10,248
			9,488,455
Food & Beverages - 0.64%
Campbell Soup Company	26,900		837,397
General Mills, Inc.	21,300		1,049,025
H.J. Heinz Company	9,700		367,339
McCormick & Company, Inc.	15,000		492,450
The Coca-Cola Company	33,700		1,414,389
			4,160,600
Gas & Pipeline Utilities - 0.20%
NiSource, Inc.	53,660		1,101,640
Williams Companies, Inc.	9,695		209,121
			1,310,761
Healthcare Products - 0.38%
Baxter International, Inc.	17,500		662,375
Boston Scientific Corp. *	23,800		581,196
Johnson & Johnson	21,000		1,210,650
			2,454,221
Hotels & Restaurants - 0.09%
McDonald's Corp.	16,600		579,506
Household Products - 0.28%
Fortune Brands, Inc.	8,900		690,195
Newell Rubbermaid, Inc.	45,900		1,141,533
			1,831,728
Industrial Machinery - 0.33%
Deere & Company	18,500		1,410,995
Pall Corp.	24,500		720,790
			2,131,785
Insurance - 1.02%
American International Group, Inc.	14,100		935,676
Chubb Corp.	5,500		526,625
Lincoln National Corp.	18,700		1,061,599
Marsh & McLennan Companies, Inc.	61,900		1,913,329
SAFECO Corp.	7,300		376,023
St. Paul Travelers Companies, Inc.	22,800		979,944
UnumProvident Corp.	37,800		782,082
			6,575,278
International Oil - 0.40%
Anadarko Petroleum Corp.	9,400		932,104
Royal Dutch Shell PLC, ADR	27,720		1,676,506
			2,608,610
Leisure Time - 0.16%
Walt Disney Company	37,800		1,058,022
Liquor - 0.21%
Anheuser-Busch Companies, Inc.	33,300		1,383,282
Manufacturing - 0.41%
Eaton Corp.	7,300		508,591
Honeywell International, Inc.	41,200		1,687,140

Spectrum Income Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
Tyco International, Ltd.	17,100	$	441,009
			2,636,740
Newspapers - 0.26%
Dow Jones & Company, Inc.	24,600		999,990
Knight-Ridder, Inc.	11,400		684,228
			1,684,218
Office Furnishings & Supplies - 0.16%
Avery Dennison Corp.	17,100		1,026,000
Paper - 0.37%
International Paper Company	58,070		1,902,954
MeadWestvaco Corp.	17,920		498,534
			2,401,488
Petroleum Services - 0.60%
BP PLC, SADR	15,600		1,036,152
Exxon Mobil Corp.	34,700		2,060,139
Schlumberger, Ltd.	6,900		793,500
			3,889,791
Pharmaceuticals - 0.96%
Abbott Laboratories	21,800		963,124
Bristol-Myers Squibb Company	33,600		776,160
Eli Lilly & Company	11,400		634,068
Merck & Company, Inc.	50,140		1,747,880
Pfizer, Inc.	56,715		1,485,366
Schering-Plough Corp.	32,900		608,650
			6,215,248
Photography - 0.15%
Eastman Kodak Company	33,600		942,480
Publishing - 0.39%
The New York Times Company, Class A	45,400		1,281,188
Tribune Company	40,800		1,248,480
			2,529,668
Railroads & Equipment - 0.42%
Norfolk Southern Corp.	16,500		844,470
Union Pacific Corp.	21,400		1,894,970
			2,739,440
Real Estate - 0.09%
Equity Residential, REIT	300		13,584
Simon Property Group, Inc., REIT	5,600		464,632
Weingarten Realty Investors, REIT	2,585		101,797
			580,013
Retail Grocery - 0.04%
Sysco Corp.	9,500		285,855
Retail Trade - 0.38%
Home Depot, Inc.	14,900		628,035
RadioShack Corp.	18,900		369,495
Wal-Mart Stores, Inc.	31,400		1,424,304
			2,421,834
Sanitary Services - 0.17%
Synagro Technologies, Inc.	26,900		128,582

The accompanying notes are an integral part of the financial statements. 260

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Sanitary Services (continued)
Waste Management, Inc.		30,000	$	997,800
				1,126,382
Semiconductors - 0.29%
Analog Devices, Inc.		21,800		831,452
Intel Corp.		27,100		558,260
Texas Instruments, Inc.		16,500		492,525
				1,882,237
Software - 0.24%
Microsoft Corp.		56,600		1,522,540
lecommunications Equipment &
Services - 0.31%
Lucent Technologies, Inc. *		104,600		292,880
Nokia Oyj, SADR		49,300		915,994
Telus Corp., Non Voting Shares		15,205		590,866
Telus Corp.		4,300		168,940
				1,968,680
Telephone - 0.98%
ALLTEL Corp.		17,600		1,111,440
AT&T Corp.		68,235		1,882,604
Qwest Communications International, Inc. *		172,900		1,092,728
Sprint Corp.		48,700		1,170,261
Verizon Communications, Inc.		31,100		1,048,070
				6,305,103
Tobacco - 0.08%
UST, Inc.		12,820		498,441
Toys, Amusements & Sporting Goods - 0.15%
Mattel, Inc.		58,100		978,985
TOTAL COMMON STOCKS (Cost $107,743,249)			$	115,297,496
PREFERRED STOCKS - 0.14%
Broadcasting - 0.05%
Spanish Broadcasting System, Series B *		300		324,000
Energy - 0.02%
NRG Energy, Inc. *		100		121,175
Telecommunications Equipment &
Services - 0.07%
Lucent Technologies Capital Trust I *		475		457,781
TOTAL PREFERRED STOCKS (Cost $924,484)			$	902,956
U.S. TREASURY OBLIGATIONS - 6.92%
Treasury Inflation Protected
Securities (d) - 0.92%
0.875% due 04/15/2010	$	1,626,899		1,559,726
1.875% due 07/15/2013		267,958		266,251
2.00% due 07/15/2014 to 01/15/2026		1,878,225		1,881,236
2.375% due 01/15/2025		780,129		829,193
3.375% due 01/15/2007		621,255		631,423
3.50% due 01/15/2011		93,879		100,813
3.625% due 01/15/2008		700,649		725,446
				5,994,088

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Bonds - 3.04%
4.50% due 02/15/2036	$	200,000	$	199,891
5.375% due 02/15/2031		2,320,000		2,582,541
5.50% due 08/15/2028		290,000		323,327
6.00% due 02/15/2026		1,316,000		1,538,178
6.125% due 08/15/2029		437,000		527,592
6.25% due 08/15/2023 to 05/15/2030		3,028,000		3,644,266
6.375% due 08/15/2027		55,000		67,500
6.50% due 11/15/2026		800,000		990,594
7.125% due 02/15/2023		1,411,000		1,805,915
7.50% due 11/15/2016		980,000		1,213,477
7.625% due 02/15/2025		1,706,000		2,327,757
7.875% due 02/15/2021		631,000		843,420
8.00% due 11/15/2021		270,000		367,854
8.50% due 02/15/2020		880,000		1,218,525
8.875% due 02/15/2019		1,450,000		2,033,342
				19,684,179
U.S. Treasury Notes - 2.86%
zero coupon due 05/26/2006		38,000		9,500
2.50% due 05/31/2006		3,000,000		2,984,064
3.125% due 01/31/2007		216,000		212,912
3.50% due 05/31/2007		235,000		231,530
3.50% due 11/15/2006 ***		1,000,000		991,406
3.875% due 02/15/2013		130,000		124,328
4.00% due 03/15/2010 to 02/15/2015		995,000		965,020
4.125% due 05/15/2015		1,350,000		1,303,225
4.25% due 08/15/2013 to 11/15/2014		5,140,000		5,016,432
4.75% due 05/15/2014		2,025,000		2,043,271
4.875% due 02/15/2012		2,845,000		2,883,342
5.00% due 08/15/2011		850,000		866,037
5.75% due 08/15/2010		820,000		857,124
				18,488,191
U.S. Treasury Strips - 0.10%
zero coupon due 05/15/2020		1,250,000		640,747
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $44,302,259)			$	44,807,205
U.S. GOVERNMENT AGENCY OBLIGATIONS - 20.98%
Federal Farm Credit Bank - 0.10%
1.875% due 01/16/2007		640,000		623,410
Federal Home Loan Bank - 0.18%
3.00% due 04/15/2009		600,000		566,762
5.25% due 06/18/2014		590,000		603,734
				1,170,496
Federal Home Loan Mortgage Corp. - 2.67%
2.75% due 03/15/2008		650,000		623,055
4.00% due 12/15/2009		425,000		411,919
4.50% due 10/01/2007 to 09/01/2035		2,080,550		1,995,045
4.522% due 09/01/2032		72,456		72,048
4.545% due 09/01/2035		346,079		336,957
4.72% due 08/01/2035		503,095		490,864
5.00% due 01/01/2009 to 11/01/2035		7,297,757		7,115,183

The accompanying notes are an integral part of the financial statements. 261

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
5.055% due 11/01/2035	$	275,948	$	272,102
5.125% due 07/15/2012		1,960,000		1,979,237
5.428% due 01/01/2036		138,979		138,377
5.50% due 03/01/2018 to 04/01/2029		1,741,419		1,748,953
6.00% due 11/01/2011 to 12/01/2033		338,618		343,696
6.50% due 05/01/2017 to 01/01/2036		1,583,721		1,621,210
7.00% due 02/01/2024 to 06/01/2032		93,898		97,121
7.50% due 05/01/2024 to 06/01/2024		6,366		6,684
10.50% due 05/01/2019		1,161		1,196
				17,253,647
Federal National Mortgage
Association - 5.71%
2.50% due 06/15/2006		215,000		213,554
3.25% due 08/15/2008		325,000		312,595
3.55% due 11/15/2007		1,100,000		1,075,197
3.825% due 10/01/2033		228,389		222,727
4.026% due 07/01/2027		2,683		2,680
4.25% due 07/15/2007		780,000		773,007
4.375% due 09/15/2012		410,000		398,540
4.50% due 05/01/2018 to 07/01/2035		4,052,180		3,914,517
4.5955% due 02/17/2009 (b)		260,000		255,759
4.625% due 10/15/2014		780,000		766,571
4.694% due 09/01/2035		606,215		591,626
5.00% due 01/01/2009 to 09/01/2035		2,194,257		2,155,766
5.319% due 12/01/2035		233,757		232,308
5.376% due 12/01/2035		290,925		289,840
5.455% due 01/01/2019		2,229		2,244
5.50% due 07/01/2013 to 12/01/2034		11,320,905		11,280,498
5.544% due 12/01/2035		453,859		452,984
5.685% due 12/01/2035		149,580		150,111
5.715% due 01/01/2036		1,024,558		1,031,168
5.75% due 02/15/2008		580,000		589,056
6.00% due 04/01/2014 to 01/01/2036		8,735,938		8,833,038
6.50% due 06/01/2013 to 07/01/2032		1,310,782		1,344,815
7.00% due 12/01/2029 to 02/01/2030		3,766		3,902
7.125% due 06/15/2010 to 01/15/2030		1,840,000		2,090,154
				36,982,657
Government National Mortgage
Association - 12.32%
4.00% due 09/15/2018		886,778		847,665
4.50% due 09/15/2018 to 11/15/2035		3,690,206		3,535,859
5.00% due 02/15/2018 to 12/01/2099		19,994,742		19,686,707
5.50% due 01/15/2018 to 08/15/2035		17,560,205		17,616,032
5.50% TBA **		3,095,076		3,101,761
6.00% due 05/15/2013 to 12/01/2099		15,294,617		15,592,396
6.00% TBA **		4,573,012		4,659,051
6.50% due 07/15/2009 to 12/01/2099		8,374,642		8,690,211
6.50% TBA **		1,065,443		1,100,567
6.75% due 02/15/2041		318,284		328,501
7.00% due 09/15/2012 to 12/15/2034		2,849,490		2,974,299
7.50% due 09/15/2012 to 06/15/2032		589,226		619,767

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Government National Mortgage
Association (continued)
8.00% due 08/15/2007 to 06/20/2029	$	459,934	$	492,032
8.50% due 07/15/2008 to 02/15/2027		122,614		131,896
9.00% due 03/15/2009 to 05/15/2024		73,585		79,321
9.25% due 10/15/2016 to 12/15/2019		8,183		8,904
9.50% due 06/15/2009 to 12/15/2024		22,734		24,739
9.75% due 09/15/2016 to 02/15/2021		5,553		6,082
10.00% due 02/15/2016 to 03/15/2026		91,317		100,845
10.25% due 05/15/2020 to 11/15/2020		4,908		5,421
10.50% due 09/15/2015 to 07/15/2019		11,250		12,486
11.00% due 12/15/2009 to 07/20/2020		44,149		47,898
11.50% due 03/15/2010 to 11/15/2019		22,927		25,107
11.75% due 08/15/2013		1,724		1,928
12.00% due 10/15/2010 to 06/15/2015		19,409		21,733
12.25% due 03/15/2014 to 07/20/2015		1,662		1,823
12.50% due 04/15/2010 to 07/15/2015		7,869		8,638
12.75% due 12/20/2013 to 12/20/2014		1,870		2,057
13.00% due 01/15/2011 to 09/20/2015		6,533		7,253
13.50% due 05/15/2010 to 01/15/2015		4,655		5,194
				79,736,173
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $135,528,263)			$	135,766,383
FOREIGN GOVERNMENT OBLIGATIONS - 10.58%
Argentina - 0.19%
Republic of Argentina
zero coupon, Step up to 2.5% on
03/31/2009 due 12/31/2038		225,000		90,225
0.63%, Step up to 1.18% on
03/31/2009 due 12/31/2038 (b)	ARS	700,000		123,881
.34% due 12/15/2035 (b)		1,466,445		29,792
4.50% due 12/15/2035 (b)	$	425,000		32,300
4.889% due 08/03/2012 (b)		825,000		676,912
City of Buenos Aires
7.875% due 04/11/2011		300,000		301,410
				1,254,520
Australia - 0.23%
Commonwealth of Australia
8.00% due 03/01/2008	AUD	170,000		132,302
Queensland Treasury Corp., Series 15G
6.00% due 10/14/2015		1,790,000		1,385,758
				1,518,060
Austria - 0.23%
Republic of Austria
5.50% due 01/15/2010	EUR	568,000		732,395
5.875% due 07/15/2006		546,000		658,319
6.25% due 07/15/2027		49,000		79,819
				1,470,533
Belgium - 0.27%
Kingdom of Belgium
4.25% due 09/28/2013		484,000		608,026
5.00% due 03/28/2035		260,000		376,578

The accompanying notes are an integral part of the financial statements. 262

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Belgium (continued)
Kingdom of Belgium (continued)
6.25% due 03/28/2007	EUR	246,000	$	303,464
7.00% due 05/15/2006		394,000		473,749
				1,761,817
Brazil - 0.52%
Federative Republic of Brazil
6.00% due 05/15/2009	BRL	535,000		238,434
6.00% due 08/15/2010		130,000		54,555
6.00% due 05/15/2045		150,000		90,631
6.00% due 08/15/2024		145,000		90,749
7.875% due 03/07/2015	$	50,000		55,900
8.00% due 01/15/2018		795,000		890,003
8.75% due 02/04/2025		375,000		452,813
8.875% due 10/14/2019		150,000		180,750
10.125% due 05/15/2027		425,000		583,312
11.00% due 08/17/2040		275,000		364,788
12.50% due 01/05/2016	BRL	350,000		172,399
14.50% due 10/15/2009	$	150,000		195,375
				3,369,709
Canada - 0.54%
Government of Canada
4.00% due 09/01/2010	CAD	1,975,000		1,730,121
5.00% due 06/01/2014		645,000		600,473
5.75% due 06/01/2033		195,000		215,511
Province of British Columbia
5.70% due 06/18/2029		190,000		193,392
Province of Ontario
5.00% due 03/08/2014		367,000		336,160
Province of Quebec
9.375% due 01/16/2023		186,000		250,389
Province of Ontario
6.375% due 10/12/2010	NZD	220,000		143,967
				3,470,013
Colombia - 0.06%
Republic of Colombia
10.75% due 01/15/2013	$	165,000		211,200
11.75% due 02/25/2020		100,000		149,750
				360,950
Denmark - 0.10%
Kingdom of Denmark
5.00% due 11/15/2013	DKK	1,077,000		190,124
7.00% due 11/10/2024		364,000		83,415
8.00% due 03/15/2006		2,330,000		372,943
				646,482
Finland - 0.03%
Republic of Finland
5.00% due 07/04/2007	EUR	136,000		166,569
France - 0.68%
Government of France
2.25% due 03/12/2006		910,000		1,084,744
4.00% due 10/25/2014		655,000		811,426
5.00% due 10/25/2016		227,000		305,629

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
France (continued)
Government of France (continued)
5.50% due 04/25/2029	EUR	637,000	$	965,500
5.75% due 10/25/2032		767,000		1,218,976
				4,386,275
Germany - 1.61%
Federal Republic of Germany
2.00% due 03/10/2006		910,000		1,084,733
3.25% due 07/04/2015		1,874,000		2,195,016
4.25% due 01/04/2014		672,000		845,328
4.50% due 01/04/2013		1,900,000		2,415,538
4.75% due 07/04/2028		264,000		362,063
4.75% due 07/04/2034		625,000		876,520
5.50% due 01/04/2031		679,000		1,039,050
6.00% due 07/04/2007		1,308,000		1,620,869
				10,439,117
Greece - 0.01%
Republic of Greece
4.60% due 05/20/2013		70,000		88,943
Indonesia - 0.12%
Republic of Indonesia
7.50% due 01/15/2016	$	425,000		442,000
7.50% due 01/15/2016		100,000		104,750
8.50% due 10/12/2035		175,000		198,625
				745,375
Iraq - 0.08%
Republic of Iraq, Series REGS
5.80% due 01/15/2028		750,000		535,312
Ireland - 0.06%
Republic of Ireland
4.00% due 04/18/2010	EUR	96,000		117,807
5.00% due 04/18/2013		185,000		242,889
				360,696
Israel - 0.19%
Israel Government Bond - Shahar, Series 2682
7.50% due 03/31/2014	ILS	5,135,000		1,242,296
Italy - 0.78%
Republic of Italy
4.25% due 08/01/2014	EUR	427,000		532,996
4.75% due 03/15/2006		1,900,000		2,266,744
5.00% due 10/15/2007		332,000		407,598
6.00% due 11/01/2007		1,025,000		1,279,692
6.00% due 05/01/2031		271,000		423,727
7.25% due 11/01/2026		75,000		130,594
Lottomatica SpA/pre-Newgames SpA merger
4.80% due 12/22/2008		30,000		36,451
				5,077,802
Jamaica - 0.10%
Government of Jamaica
9.00% due 06/02/2015	$	215,000		230,050
10.625% due 06/20/2017		350,000		407,750
				637,800

The accompanying notes are an integral part of the financial statements. 263

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Japan - 1.58%
Government of Japan
0.50% due 06/20/2008	JPY	352,150,000	$	3,036,063
0.80% due 09/20/2010		146,800,000		1,253,746
0.80% due 12/10/2015		83,000,000		719,138
1.00% due 12/20/2012		114,850,000		968,889
1.10% due 09/20/2012		67,450,000		573,984
1.30% due 12/20/2013		138,400,000		1,180,192
1.50% due 03/20/2015		89,400,000		768,943
1.90% due 03/20/2025		90,500,000		772,758
2.00% due 06/20/2022		55,200,000		486,000
2.00% due 12/20/2033		36,600,000		301,272
2.20% due 06/22/2020		18,000,000		163,625
				10,224,610
Lebanon - 0.04%
Republic of Lebanon
8.50% due 01/19/2016	$	245,000		263,987
Malaysia - 0.03%
Malaysia Government Bond, Series 4/05
3.756% due 04/28/2011	MYR	781,000		210,082
Mexico - 0.83%
Government of Mexico
4.625% due 10/08/2008	$	415,000		410,020
6.375% due 01/16/2013		190,000		200,070
6.625% due 03/03/2015		295,000		319,338
7.50% due 04/08/2033		65,000		78,975
8.00% due 12/24/2008	MXN	1,175,000		113,593
8.00% due 12/28/2006		1,750,000		168,428
8.00% due 12/19/2013		4,600,000		443,650
8.125% due 12/30/2019	$	285,000		352,687
9.00% due 12/22/2011	MXN	29,800,000		3,013,179
9.50% due 12/18/2014		2,424,000		254,930
				5,354,870
Netherlands - 0.07%
Kingdom of Netherlands
5.00% due 07/15/2011	EUR	188,000		242,704
5.50% due 01/15/2028		137,000		205,735
				448,439
Panama - 0.03%
Republic of Panama
6.70% due 01/26/2036	$	163,000		165,445
Peru - 0.05%
Republic of Peru
8.375% due 05/03/2016		275,000		319,000
Philippines - 0.11%
Republic of Philippines
9.50% due 02/02/2030		200,000		239,500
9.875% due 01/15/2019		200,000		241,000
10.625% due 03/16/2025		175,000		227,062
				707,562

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Poland - 0.06%
Republic of Poland, Series 0509
6.00% due 05/24/2009	PLN	1,220,000 $	404,196
Portugal - 0.18%
Republic of Portugal
3.00% due 07/17/2006	EUR	849,000	1,013,440
5.15% due 06/15/2011		118,000	152,485
			1,165,925
Russia - 0.20%
Russian Federation
5.00% due 03/31/2030	$	1,150,000	1,298,810
Serbia - 0.19%
Republic of Serbia
zero coupon, Step up to 6.75% on
11/01/2009 due 11/01/2024		1,324,000	1,220,728
South Africa - 0.14%
Republic of South Africa
6.50% due 06/02/2014		365,000	393,744
Republic of South Africa, Series R153
13.00% due 08/31/2010	ZAR	2,486,000	491,658
			885,402
Spain - 0.24%
Kingdom of Spain
4.00% due 01/31/2010	EUR	46,000	56,397
5.75% due 07/30/2032		127,000	201,569
6.00% due 01/31/2008		1,037,000	1,303,435
			1,561,401
Sweden - 0.10%
Kingdom of Sweden
5.00% due 01/28/2009	SEK	5,000,000	667,828
Turkey - 0.39%
Republic of Turkey
7.375% due 02/05/2025	$	265,000	282,888
15.00% due 02/10/2010	TRY	605,000	507,927
20.00% due 10/17/2007		1,200,000	1,068,656
Republic of Turkey
6.875% due 03/17/2036	$	625,000	634,375
			2,493,846
Ukraine - 0.02%
Republic of Ukraine
7.65% due 06/11/2013		100,000	107,580
United Kingdom - 0.30%
Government of United Kingdom
4.25% due 06/07/2032	GBP	1,050,000	1,948,960
Uruguay - 0.03%
Republic of Uruguay
9.25% due 05/17/2017	$	150,000	178,125
Venezuela - 0.11%
Republic of Venezuela
7.65% due 04/21/2025		130,000	141,700
9.25% due 09/15/2027		225,000	289,125

The accompanying notes are an integral part of the financial statements. 264

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Venezuela (continued)
Republic of Venezuela (continued)
13.625% due 08/15/2018	$	200,000	$	311,000
				741,825
Vietnam - 0.08%
Socialist Republic of Vietnam
6.875% due 01/15/2016		525,000		542,996
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $67,446,842)		$		68,443,886
CORPORATE BONDS - 27.46%
Advertising - 0.39%
Advanstar Communications, Inc.
10.75% due 08/15/2010		200,000		219,000
12.00% due 02/15/2011		175,000		183,750
Advanstar Communications, Inc., Series B
15.00% due 10/15/2011		200,000		209,500
Lamar Advertising Company
2.875% due 12/31/2010		275,000		311,105
R H Donnelley Finance Corp.
8.875% due 01/15/2016		1,175,000		1,224,937
10.875% due 12/15/2012		350,000		393,750
				2,542,042
Aerospace - 0.33%
Aviall, Inc.
7.625% due 07/01/2011		225,000		232,312
BE Aerospace, Inc.
8.50% due 10/01/2010		75,000		80,625
BE Aerospace, Inc., Series B
8.875% due 05/01/2011		250,000		261,875
Boeing Company
8.75% due 08/15/2021		55,000		74,295
GenCorp, Inc.
9.50% due 08/15/2013		550,000		596,750
Moog, Inc.
6.25% due 01/15/2015		225,000		222,750
Northrop Grumman Corp.
7.125% due 02/15/2011		50,000		53,806
7.75% due 03/01/2016		35,000		41,317
Rolls-Royce Group PLC, EMTN
4.50% due 03/16/2011	EUR	26,000		32,127
Sequa Corp.
9.00% due 08/01/2009	$	25,000		26,937
TransDigm, Inc.
8.375% due 07/15/2011		150,000		156,750
United Technologies Corp.
5.40% due 05/01/2035		190,000		189,385
Vought Aircraft Industries, Inc.
8.00% due 07/15/2011		200,000		187,500
				2,156,429
Agriculture - 0.21%
Bunge, Ltd.
4.375% due 12/15/2008		365,000		355,791

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Agriculture (continued)
Cargill, Inc.
6.25% due 05/01/2006	$	140,000	$	140,310
Case New Holland, Inc.
9.25% due 08/01/2011		325,000		348,563
Phosphate Resource Partners LP
7.00% due 02/15/2008		100,000		96,500
Terra Capital, Inc.
11.50% due 06/01/2010		150,000		167,250
United Agri Products, Inc.
8.25% due 12/15/2011		225,000		237,375
				1,345,789
Air Travel - 0.01%
Air Jamaica, Ltd., Series REGS
9.375% due 07/08/2015		75,000		78,469
Aluminum - 0.05%
Alcoa, Inc.
4.25% due 08/15/2007		55,000		54,290
Century Aluminum Company
7.50% due 08/15/2014		250,000		260,000
				314,290
Amusement & Theme Parks - 0.06%
Universal City Development Partners
11.75% due 04/01/2010		375,000		417,656
Apparel & Textiles - 0.29%
Broder Brothers, Series B
11.25% due 10/15/2010		225,000		224,437
Collins & Aikman Floorcoverings, Inc.
9.75% due 02/15/2010		250,000		236,250
INVISTA
9.25% due 05/01/2012		925,000		982,813
Jones Apparel Group, Inc.
7.875% due 06/15/2006		55,000		55,295
Quiksilver, Inc.
6.875% due 04/15/2015		50,000		48,250
Rafaella Apparel Group, Inc.
11.25% due 06/15/2011		300,000		298,500
				1,845,545
Auto Parts - 0.17%
Accuride Corp.
8.50% due 02/01/2015		250,000		248,750
Autocam Corp.
10.875% due 06/15/2014		150,000		102,375
Commercial Vehicle Group Inc
8.00% due 07/01/2013		50,000		49,750
Rexnord Corp.
10.125% due 12/15/2012		525,000		577,500
Visteon Corp.
7.00% due 03/10/2014		175,000		129,938
				1,108,313
Auto Services - 0.04%
Adesa, Inc.
7.625% due 06/15/2012		250,000		253,750

The accompanying notes are an integral part of the financial statements. 265

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount	Value
CORPORATE BONDS (continued)
Automobiles - 0.36%
DaimlerChrysler NA Holding Corp.
4.05% due 06/04/2008	$	60,000 $	58,250
4.75% due 01/15/2008		110,000	108,659
6.50% due 11/15/2013		230,000	237,737
7.30% due 01/15/2012		40,000	42,908
8.50% due 01/18/2031		60,000	73,151
DaimlerChrysler NA Holding Corp., Series D, MTN
4.96% due 09/10/2007 (b)		70,000	70,209
ERAC USA Finance Company
5.60% due 05/01/2015		240,000	238,306
Hertz Corp., Class A
8.875% due 01/01/2014		675,000	705,375
10.50% due 01/01/2016		725,000	781,187
			2,315,782
Banking - 1.41%
Australia & New Zealand Banking Group,
Ltd., EMTN
4.45% due 02/05/2015 (b)	EUR	39,000	48,063
BAC Capital Trust VI
5.625% due 03/08/2035	$	335,000	329,427
Banca Intesa SpA, EMTN
5.85% due 05/08/2014 (b)	EUR	52,000	66,333
Banca Monte dei Paschi di Siena SpA, EMTN
4.50% due 09/24/2015 (b)		60,000	73,726
Bank Nederlandse Gemeenten, EMTN
4.00% due 07/15/2014		45,000	55,170
Bank of America Corp.
5.25% due 02/01/2007	$	150,000	150,211
Bank of Ireland
6.45% due 02/10/2010	EUR	49,000	64,758
Bank One Corp.
5.25% due 01/30/2013	$	200,000	198,724
Banknorth Capital Trust I, Series B
10.52% due 05/01/2027		25,000	27,490
Banque du Liban, Series ECD
10.00% due 04/25/2015		300,000	353,250
Barclays Bank PLC, EMTN
5.75% due 03/08/2011	EUR	36,000	47,161
BB&T Corp.
6.50% due 08/01/2011	$	290,000	307,869
BNP Paribas, EMTN
5.25% due 12/17/2012	EUR	36,000	46,971
Colonial Bank, N.A.
9.375% due 06/01/2011	$	185,000	212,773
Credit Suisse Group Finance Guernsey, Ltd.
6.375% due 06/07/2013	EUR	51,000	71,027
Deutsche Bank AG
5.125% due 01/31/2013		52,000	67,120
European Investment Bank
6.75% due 11/17/2008	NZD	215,000	143,412
Greenpoint Capital Trust I
9.10% due 06/01/2027	$	25,000	27,081
HBOS PLC
3.125% due 01/12/2007		170,000	167,258

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount	Value
CORPORATE BONDS (continued)
Banking (continued)
HBOS PLC, EMTN
4.375% due 10/30/2019 (b)	EUR	54,000 $	66,829
HBOS PLC, MTN
6.00% due 11/01/2033	$	170,000	180,063
HSBC Bank PLC
7.625% due 06/15/2006		95,000	95,680
HSBC Bank PLC, EMTN
4.25% due 03/18/2016 (b)	EUR	61,000	74,848
HSBC Holdings PLC, Series 2018
9.875% due 04/08/2018	GBP	40,000	90,799
Hudson United Bancorp
8.20% due 09/15/2006	$	20,000	20,287
Huntington National Bank, BKNT
4.375% due 01/15/2010		220,000	213,154
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		15,000	14,298
ING Bank NV, EMTN
5.50% due 01/04/2012	EUR	36,000	47,030
Islandsbanki HF
4.76% due 10/15/2008 (b)	$	200,000	200,092
Keybank NA
5.80% due 07/01/2014		40,000	41,104
Keybank NA, Series BKNT
4.412% due 03/18/2008		55,000	54,477
KeyCorp, MTN, Series G
4.70% due 05/21/2009		45,000	44,444
KfW Bankengruppe, EMTN
4.75% due 12/07/2010	GBP	524,000	926,621
Kreditanstalt fuer Wiederaufbau
6.375% due 02/17/2015	NZD	1,415,000	1,414,012
Kreditanstalt fuer Wiederaufbau, EMTN
6.50% due 11/15/2011		530,000	351,612
Kreditanstalt fuer Wiederaufbau, Series EXCH
5.50% due 12/07/2015	GBP	140,000	264,859
Landwirtschaftliche Rentenbank, Series 7
3.75% due 06/15/2009	$	110,000	106,087
Marshall & Ilsley Bank, BKNT
3.80% due 02/08/2008		110,000	107,397
4.125% due 09/04/2007		50,000	49,296
Nordea Bank Finland PLC, EMTN
5.75% due 03/26/2014 (b)	EUR	52,000	65,997
Northern Rock PLC, EMTN
5.75% due 02/28/2017	GBP	49,000	89,259
Northern Trust Company, BKNT
4.60% due 02/01/2013	$	120,000	116,149
Rabobank Nederland, EMTN
3.125% due 07/19/2010	EUR	75,000	88,363
Regions Bank, BKNT
2.90% due 12/15/2006	$	120,000	118,045
Royal Bank of Scotland PLC, EMTN
zero coupon, Step up to 6.935% on
09/08/2014 due 06/29/2049 (b)	GBP	49,000	91,819
Sanpaolo IMI SpA, EMTN
3.75% due 06/09/2015 (b)	EUR	64,000	76,711
Standard Chartered Bank, EMTN
3.625% due 02/03/2017 (b)		64,000	75,710

The accompanying notes are an integral part of the financial statements. 266

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Sumitomo Mitsui Banking Corp.
5.625% due 07/29/2049 (b)	$	200,000	$	197,629
Suncorp-Metway, Ltd.
4.625% due 06/15/2013		30,000		28,629
Svensk Exportkredit AB
2.875% due 01/26/2007		130,000		127,899
Svenska Handelsbanken, EMTN
6.125% due 03/29/2049 (b)	GBP	49,000		88,786
US Bancorp, MTN, Series P
4.50% due 07/29/2010	$	190,000		185,131
Wachovia Corp.
4.66% due 07/20/2007 (b)		65,000		65,079
5.50% due 08/01/2035		110,000		106,114
6.40% due 04/01/2008		90,000		92,359
Webster Capital Trust II, Series B
10.00% due 04/01/2027		35,000		37,980
Webster Financial Corp.
5.125% due 04/15/2014		200,000		194,366
Wells Fargo & Company
4.20% due 01/15/2010		205,000		198,264
4.5638% due 03/23/2007 (b)		230,000		230,184
Westpac Banking Corp.
2.875% due 06/25/2008	EUR	21,000		24,831
				9,120,117
Biotechnology - 0.07%
Amgen, Inc.
4.00% due 11/18/2009	$	130,000		125,073
Genentech, Inc.
4.40% due 07/15/2010		125,000		121,606
4.75% due 07/15/2015		205,000		197,627
				444,306
Broadcasting - 0.64%
Allbritton Communications Company
7.75% due 12/15/2012		350,000		352,187
CanWest Media, Inc.
8.00% due 09/15/2012		425,000		435,625
Charter Communications Operating LLC
8.00% due 04/30/2012		775,000		780,813
CSC Holdings, Inc.
7.25% due 07/15/2008		425,000		430,313
Fisher Communications, Inc.
8.625% due 09/15/2014		225,000		236,531
Gray Television, Inc.
9.25% due 12/15/2011		375,000		398,906
Liberty Media Corp.
5.991% due 09/17/2006 (b)		35,000		35,159
News America, Inc.
6.20% due 12/15/2034		370,000		366,038
6.40% due 12/15/2035		220,000		221,381
7.375% due 10/17/2008		125,000		130,760
Sirius Satellite Radio, Inc.
9.625% due 08/01/2013		250,000		245,000
Viacom, Inc.
5.625% due 05/01/2007		190,000		190,299

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
Vivendi Universal SA
3.875% due 02/15/2012	EUR	27,000	$	31,985
XM Satellite Radio Holdings, Inc.
12.00% due 06/15/2010	$	175,000		195,563
14 due 12/31/2009		100,000		107,250
				4,157,810
Building Materials & Construction - 0.22%
Ainsworth Lumber Company, Ltd.
7.25% due 10/01/2012		75,000		70,125
Brand Services, Inc.
12.00% due 10/15/2012		350,000		371,875
Building Materials Corporation of America
7.75% due 08/01/2014		350,000		346,500
CRH America, Inc.
6.40% due 10/15/2033		65,000		69,029
Dycom Industries, Inc.
8.125% due 10/15/2015		200,000		208,000
Texas Industries, Inc.
7.25% due 07/15/2013		375,000		388,125
				1,453,654
Buildings - 0.05%
D.R. Horton, Inc.
4.875% due 01/15/2010		280,000		270,833
5.625% due 09/15/2014		40,000		38,296
				309,129
Business Services - 0.69%
Affinity Group, Inc.
9.00% due 02/15/2012		350,000		350,000
10.875% due 02/15/2012		105,438		99,111
FTI Consulting, Inc.
7.625% due 06/15/2013		250,000		261,875
GTECH Holdings Corp.
4.50% due 12/01/2009		250,000		245,935
4.75% due 10/15/2010		30,000		29,632
Insurance Auto Auctions, Inc.
11.00% due 04/01/2013		250,000		260,625
Invensys PLC
9.875% due 03/15/2011		275,000		284,625
Nebraska Book Company, Inc.
8.625% due 03/15/2012		350,000		329,000
Quintiles Transnational Corp.
10.00% due 10/01/2013		275,000		305,250
SunGard Data Systems, Inc.
9.125% due 08/15/2013		1,073,000		1,141,404
10.25% due 08/15/2015		438,000		459,353
Universal Compression, Inc.
7.25% due 05/15/2010		275,000		284,625
Xerox Corp.
6.875% due 08/15/2011		175,000		180,906
7.20% due 04/01/2016		75,000		79,875
7.625% due 06/15/2013		125,000		132,656
				4,444,872

The accompanying notes are an integral part of the financial statements. 267

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable and Television - 0.77%
Comcast Cable Communications, Inc.
6.75% due 01/30/2011	$	80,000	$	83,962
8.375% due 05/01/2007		120,000		124,234
Comcast Corp.
4.95% due 06/15/2016		425,000		397,057
5.65% due 06/15/2035		75,000		68,633
6.50% due 11/15/2035		105,000		106,417
Cox Communications, Inc.
7.75% due 11/01/2010		430,000		462,861
Cox Enterprises, Inc.
4.375% due 05/01/2008		135,000		131,322
DirecTV Holdings LLC
6.375% due 06/15/2015		500,000		498,125
8.375% due 03/15/2013		50,000		53,625
EchoStar Communications Corp.
5.75% due 05/15/2008		150,000		147,375
Echostar DBS Corp.
5.75% due 10/01/2008		15,000		14,812
6.625% due 10/01/2014		425,000		413,313
Mediacom Broadband LLC
8.50% due 10/15/2015		100,000		96,000
11.00% due 07/15/2013		150,000		160,500
Rainbow National Services LLC
8.75% due 09/01/2012		100,000		107,750
Rogers Cable, Inc.
5.50% due 03/15/2014		160,000		151,800
6.75% due 03/15/2015		250,000		255,625
Shaw Communications, Inc.
7.40% due 10/17/2007	CAD	45,000		41,064
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012	$	450,000		459,563
8.75% due 12/15/2011		25,000		26,281
Time Warner Entertainment Company LP
7.25% due 09/01/2008		475,000		494,555
8.375% due 03/15/2023		246,000		289,503
Videotron Ltee
6.375% due 12/15/2015		100,000		99,000
6.875% due 01/15/2014		315,000		322,088
				5,005,465
Cellular Communications - 1.13%
America Movil SA de CV
6.375% due 03/01/2035		245,000		247,858
American Cellular Corp.
10.00% due 08/01/2011		200,000		217,500
American Tower Corp.
3.00% due 08/15/2012		100,000		164,875
7.125% due 10/15/2012		250,000		261,875
7.25% due 12/01/2011		50,000		52,500
7.50% due 05/01/2012		50,000		52,750
AT&T Broadband Corp.
8.375% due 03/15/2013		320,000		366,889
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		120,000		133,066
8.75% due 03/01/2031		170,000		225,600

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
Centennial Communications Corp.
8.125% due 02/01/2014	$	25,000	$	25,500
10.00% due 01/01/2013		75,000		78,000
10.125% due 06/15/2013		125,000		136,875
Cingular Wireless Services, Inc.
8.125% due 05/01/2012		10,000		11,458
Digicel, Ltd.
9.25% due 09/01/2012		250,000		262,500
Dobson Cellular Systems, Inc.
9.875% due 11/01/2012		225,000		245,812
Dobson Communications Corp.
8.875% due 10/01/2013		200,000		201,500
Horizon PCS, Inc.
11.375% due 07/15/2012		125,000		143,750
IWO Holdings, Inc.
zero coupon, Step up to 10.75% on
01/15/2010 due 01/15/2015		125,000		92,500
mmO2 PLC, EMTN
6.375% due 01/25/2007	EUR	33,000		40,481
Motorola, Inc.
7.50% due 05/15/2025	$	80,000		95,542
Nextel Communications, Inc.
6.875% due 10/31/2013		1,290,000		1,350,501
7.375% due 08/01/2015		180,000		190,363
Nextel Partners, Inc.
8.125% due 07/01/2011		200,000		212,000
Rogers Wireless, Inc.
7.50% due 03/15/2015		50,000		54,250
7.6163% due 12/15/2010 (b)		100,000		103,500
8.00% due 12/15/2012		975,000		1,040,813
9.625% due 05/01/2011		200,000		231,500
Rural Cellular Corp.
9.875% due 02/01/2010		150,000		160,500
10.43% due 11/01/2012 (b)		100,000		103,000
UbiquiTel Operating Company
9.875% due 03/01/2011		300,000		330,000
US Unwired, Inc., Series B
10.00% due 06/15/2012		250,000		282,500
Verizon Wireless Capital LLC
5.375% due 12/15/2006		165,000		165,313
				7,281,071
Chemicals - 0.45%
Arco Chemical Company
10.25% due 11/01/2010		100,000		110,000
Chemtura Corp.
9.875% due 08/01/2012		50,000		56,375
Compass Minerals International, Inc., Series B
zero coupon, Step up to 12.00% on
06/01/2008 due 06/01/2013		475,000		422,750
Crystal US Holdings 3 LLC/Crystal US Sub 3 Corp.,
Series A
zero coupon, Step up to 10.00% on
10/01/2009 due 10/01/2014		225,000		176,062

The accompanying notes are an integral part of the financial statements. 268

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals (continued)
Crystal US Holdings 3 LLC/Crystal US Sub 3 Corp.,
Series B
zero coupon, Step up to 10.50% on
10/01/2009 due 10/01/2014	$	275,000	$	213,812
Dow Chemical Company
6.125% due 02/01/2011		120,000		124,487
Dow Chemical Company, EMTN
4.375% due 06/25/2010	EUR	38,000		46,429
Equistar Chemicals LP
8.75% due 02/15/2009	$	25,000		25,937
Hercules, Inc.
6.75% due 10/15/2029		75,000		73,500
Huntsman LLC
11.625% due 10/15/2010		150,000		171,000
IMC Global, Inc.
10.875% due 08/01/2013		25,000		28,750
IMC Global, Inc., Series B
10.875% due 06/01/2008		50,000		55,375
11.25% due 06/01/2011		25,000		26,813
Lubrizol Corp.
4.625% due 10/01/2009		60,000		58,409
Lyondell Chemical Company
9.50% due 12/15/2008		59,000		61,655
10.50% due 06/01/2013		325,000		363,188
11.125% due 07/15/2012		100,000		110,500
Lyondell Chemical Company, Series A
9.625% due 05/01/2007		100,000		103,500
Praxair, Inc.
4.75% due 07/15/2007		85,000		84,693
Rhodia SA
10.25% due 06/01/2010		292,000		328,500
Rockwood Specialties Group, Inc.
10.625% due 05/15/2011		225,000		247,500
				2,889,235
Coal - 0.20%
Alpha Natural Resources LLC
10.00% due 06/01/2012		225,000		247,500
Foundation PA Coal Company
7.25% due 08/01/2014		400,000		410,000
James River Coal Company
9.375% due 06/01/2012		250,000		260,625
Massey Energy Company
6.625% due 11/15/2010		50,000		51,125
6.875% due 12/15/2013		350,000		349,125
				1,318,375
Commercial Services - 0.11%
Brickman Group, Ltd., Series B
11.75% due 12/15/2009		450,000		495,000
Mac-Gray Corp.
7.625% due 08/15/2015		225,000		230,625
				725,625
Computers & Business Equipment - 0.13%
Cisco Systems, Inc.
5.25% due 02/22/2011		290,000		290,496

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Computers & Business Equipment
(continued)
International Business Machines Corp., MTN
2.375% due 11/01/2006	$	120,000	$	117,948
3.80% due 02/01/2008		180,000		175,779
Unisys Corp.
7.875% due 04/01/2008		175,000		173,906
8.00% due 10/15/2012		75,000		73,125
				831,254
Construction & Mining Equipment - 0.05%
JLG Industries, Inc.
8.375% due 06/15/2012		200,000		211,500
Terex Corp.
7.375% due 01/15/2014		100,000		103,000
				314,500
Containers & Glass - 0.51%
AEP Industries, Inc.
7.875% due 03/15/2013		250,000		250,000
Ball Corp.
6.875% due 12/15/2012		575,000		585,062
BWAY Corp.
10.00% due 10/15/2010		225,000		237,375
Graphic Packaging International Corp.
8.50% due 08/15/2011		125,000		125,625
9.50% due 08/15/2013		75,000		71,250
Greif, Inc.
8.875% due 08/01/2012		100,000		106,250
Owens-Brockway Glass Container, Inc.
7.75% due 05/15/2011		100,000		105,000
8.25% due 05/15/2013		425,000		443,062
8.75% due 11/15/2012		255,000		274,125
8.875% due 02/15/2009		350,000		364,437
Owens-Illinois, Inc., Series 2008
7.35% due 05/15/2008		75,000		75,938
Plastipak Holdings, Inc.
8.50% due 12/15/2015		125,000		129,063
Sealed Air Corp.
5.375% due 04/15/2008		230,000		229,282
Silgan Holdings, Inc.
6.75% due 11/15/2013		125,000		124,063
Stone Container Corp.
9.75% due 02/01/2011		75,000		76,781
Stone Container Finance
7.375% due 07/15/2014		125,000		115,938
				3,313,251
Cosmetics & Toiletries - 0.09%
Chattem, Inc.
7.00% due 03/01/2014		350,000		351,750
Spectrum Brands, Inc.
7.375% due 02/01/2015		250,000		215,625
8.50% due 10/01/2013		50,000		45,625
				613,000
Crude Petroleum & Natural Gas - 0.74%
Amerada Hess Corp.
7.375% due 10/01/2009		75,000		80,009

The accompanying notes are an integral part of the financial statements. 269

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
Amerada Hess Corp. (continued)
7.875% due 10/01/2029	$	220,000	$	269,429
Atlantic Richfield Corp.
9.125% due 03/01/2011		105,000		122,923
Chesapeake Energy Corp.
6.375% due 06/15/2015		450,000		450,000
6.50% due 08/15/2017		175,000		176,094
6.50% due 08/15/2017		125,000		125,781
6.625% due 01/15/2016		375,000		380,625
7.00% due 08/15/2014		155,000		160,812
Compton Petroleum Finance Corp.
7.625% due 12/01/2013		450,000		460,125
Denbury Resources, Inc.
7.50% due 04/01/2013		400,000		416,000
7.50% due 12/15/2015		100,000		104,750
EnCana Corp.
4.60% due 08/15/2009		190,000		186,431
6.50% due 08/15/2034		45,000		50,264
EnCana Holdings Finance Corp.
5.80% due 05/01/2014		200,000		206,714
Encore Acquisition Company
7.25% due 12/01/2017		350,000		356,125
Hilcorp Energy I LP
7.75% due 11/01/2015		200,000		202,500
10.50% due 09/01/2010		375,000		416,250
Plains Exploration & Production Company
8.75% due 07/01/2012		275,000		295,625
Sempra Energy
5.24% due 05/21/2008 (b)		180,000		180,402
Transocean, Inc.
7.50% due 04/15/2031		110,000		137,815
				4,778,674
Domestic Oil - 0.63%
AmeriGas Partners LP
7.25% due 05/20/2015		800,000		812,000
ConocoPhillips
5.90% due 10/15/2032		180,000		191,035
Devon Energy Corp.
2.75% due 08/01/2006		100,000		98,955
Devon Financing Corp., ULC
6.875% due 09/30/2011		270,000		290,258
7.875% due 09/30/2031		185,000		235,542
Diamond Offshore Drilling, Inc.
4.875% due 07/01/2015		140,000		135,355
5.15% due 09/01/2014		195,000		193,019
Forest Oil Corp.
8.00% due 12/15/2011		100,000		109,000
Magnum Hunter Resources, Inc.
9.60% due 03/15/2012		75,000		81,000
Range Resources Corp.
6.375% due 03/15/2015		600,000		604,500
7.375% due 07/15/2013		25,000		26,188
Stone Energy Corp.
8.25% due 12/15/2011		175,000		177,625

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil (continued)
Swift Energy Company
7.625% due 07/15/2011	$	200,000	$	206,000
9.375% due 05/01/2012		25,000		26,875
Valero Energy Corp.
3.50% due 04/01/2009		240,000		228,114
4.75% due 04/01/2014		65,000		62,116
Whiting Petroleum Corp.
7.00% due 02/01/2014		280,000		280,700
7.25% due 05/01/2013		300,000		303,750
				4,062,032
Drugs & Health Care - 0.06%
Biovail Corp.
7.875% due 04/01/2010		200,000		206,000
Warner Chilcott Corp.
8.75% due 02/01/2015		200,000		196,500
				402,500
Educational Services - 0.07%
AAC Group Holding Corp.
zero coupon, Step up to 10.25% on
10/01/2008 due 10/01/2012		200,000		149,750
American Achievement Corp.
8.25% due 04/01/2012		275,000		281,531
				431,281
Electrical Equipment - 0.10%
Exelon Generation Company LLC
5.35% due 01/15/2014		220,000		217,665
General Cable Corp.
9.50% due 11/15/2010		200,000		215,000
Telex Communications Holdings, Inc.
11.50% due 10/15/2008		225,000		240,750
				673,415
Electrical Utilities - 1.43%
AES Corp.
7.75% due 03/01/2014		135,000		142,594
8.875% due 02/15/2011		275,000		297,687
9.00% due 05/15/2015		830,000		904,700
9.375% due 09/15/2010		300,000		329,250
Alabama Power Company
4.99% due 08/25/2009 (b)		160,000		160,507
Alabama Power Company, Series CC
3.50% due 11/15/2007		150,000		146,026
Allegheny Energy Supply Company LLC
7.80% due 03/15/2011		50,000		53,375
8.25 due 04/15/2012		50,000		54,937
Appalachian Power Company
4.8506% due 06/29/2007 (b)		70,000		70,178
Arizona Public Service Company
4.65% due 05/15/2015		45,000		41,689
Black Hills Corp.
6.50% due 05/15/2013		235,000		238,365
CE Electric UK Funding Company
6.995% due 12/30/2007		200,000		203,666
Centerpoint Energy, Inc., Series B
5.875% due 06/01/2008		110,000		110,983

The accompanying notes are an integral part of the financial statements. 270

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Centerpoint Energy, Inc., Series B (continued)
7.25% due 09/01/2010	$	205,000	$	218,184
CMS Energy Corp.
8.50% due 04/15/2011		50,000		54,500
9.875% due 10/15/2007		475,000		508,250
Consumers Energy Company
5.65% due 04/15/2020		65,000		63,532
Dominion Resources, Inc.
4.125% due 02/15/2008		65,000		63,585
Edison SpA, EMTN
5.125% due 12/10/2010	EUR	30,000		37,978
El Paso Electric Company
6.00% due 05/15/2035	$	245,000		243,072
Elia System Operator SA
4.75% due 05/13/2014	EUR	51,000		64,618
Enbw International Finance BV, EMTN
5.875% due 02/28/2012		36,000		47,926
Energy East Corp.
5.75% due 11/15/2006	$	125,000		125,444
Entergy Louisiana LLC
5.83% due 11/01/2010		35,000		34,889
FirstEnergy Corp.
6.45% due 11/15/2011		305,000		318,967
FirstEnergy Corp., Series A
5.50% due 11/15/2006		70,000		70,130
Midwest Generation LLC
8.75% due 05/01/2034		425,000		464,312
Mirant Americas Generation LLC
8.30% due 05/01/2011 ^		525,000		549,281
Mission Energy Holding Co.
13.50% due 07/15/2008		100,000		115,250
National Grid PLC, EMTN
5.00% due 07/02/2018	EUR	22,000		27,488
National Power Corp.
9.0238% due 08/23/2011 (b)	$	200,000		219,497
Nevada Power Company
5.875% due 01/15/2015		45,000		45,082
Pacific Gas & Electric Company
6.05% due 03/01/2034		235,000		243,184
Pepco Holdings, Inc.
5.50% due 08/15/2007		110,000		110,278
Pinnacle West Capital Corp.
6.40% due 04/01/2006		250,000		250,380
PPL Capital Funding, Inc.
4.33% due 03/01/2009		285,000		274,853
PSEG Power LLC
6.875% due 04/15/2006		115,000		115,231
RWE Finance BV, EMTN
5.375% due 04/18/2008	EUR	33,000		40,989
6.375% due 06/03/2013	GBP	49,000		93,665
San Diego Gas & Electric Company
5.35% due 05/15/2035	$	60,000		58,043
Scottish Power UK PLC
8.375% due 02/20/2017	GBP	39,000		87,770
Sierra Pacific Resources
8.625% due 03/15/2014	$	800,000		873,067

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Southern California Edison Company
4.65% due 04/01/2015	$	55,000	$	52,383
Tri-State Generation & Transmission Association
6.04% due 01/31/2018		110,000		110,797
TXU Corp., Series O
4.80% due 11/15/2009		60,000		57,653
Vattenfall Treasury AB, EMTN
6.00% due 04/03/2009	EUR	35,000		44,784
Virginia Electric and Power Company
4.50% due 12/15/2010	$	35,000		33,684
6.00% due 01/15/2036		310,000		310,961
Westar Energy, Inc.
5.10% due 07/15/2020		185,000		173,560
Western Power Distribution Holdings, Ltd.
6.875% due 12/15/2007		160,000		162,045
Wisconsin Electric Power Company
3.50% due 12/01/2007		120,000		116,606
				9,235,875
Electronics - 0.08%
Celestica, Inc.
7.875% due 07/01/2011		250,000		255,000
L-3 Communications Corp., Series B
6.375% due 10/15/2015		275,000		274,313
				529,313
Energy - 0.76%
Duke Capital Corp.
4.302% due 05/18/2006		260,000		259,537
Duke Capital LLC
6.25% due 02/15/2013		170,000		176,311
Duke Capital LLC, Series B
6.75% due 07/15/2018		90,000		96,559
Enterprise Products Operating LP
4.95% due 06/01/2010		175,000		171,127
Enterprise Products Operating LP, Series B
4.00% due 10/15/2007		80,000		78,203
5.60% due 10/15/2014		120,000		119,103
Ferrellgas Partners LP
8.75% due 06/15/2012		250,000		253,125
Mirant North America LLC
7.375% due 12/31/2013		1,275,000		1,308,469
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		50,000		52,836
NRG Energy, Inc.
7.25% due 02/01/2014		400,000		410,000
7.375% due 02/01/2016		1,155,000		1,189,650
Orion Power Holdings, Inc.
12.00% due 05/01/2010		350,000		400,750
Peabody Energy Corp.
6.875% due 03/15/2013		200,000		205,500
Progress Energy, Inc.
6.75% due 03/01/2006		130,000		130,000
TXU Energy Company LLC
6.125% due 03/15/2008		45,000		45,521

The accompanying notes are an integral part of the financial statements. 271

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Xcel Energy, Inc.
7.00% due 12/01/2010	$	30,000	$	31,942
				4,928,633
Financial Services - 3.03%
AIG SunAmerica Global Financing XII
5.30% due 05/30/2007		75,000		75,047
Alamosa Delaware, Inc.
11.00% due 07/31/2010		425,000		473,875
Altria Finance Cayman Islands, Ltd.
5.625% due 06/24/2008	EUR	61,000		75,994
American Express Credit Corp.
5.30% due 12/02/2015	$	50,000		50,126
American Express Credit Corp., EMTN
3.625% due 10/13/2009	EUR	55,000		65,904
American General Finance Corp., Series I, MTN
5.40% due 12/01/2015	$	250,000		247,312
American Honda Finance Corp., MTN
2.875% due 04/03/2006		95,000		94,839
Arch Western Finance LLC
6.75% due 07/01/2013		275,000		275,687
Aries Vermogensverwaltung GmbH, Series REGS
9.60% due 10/25/2014		560,000		720,384
BCP Crystal Holdings Corp.
9.625% due 06/15/2014		500,000		559,375
Boeing Capital Corp., MTN, Series X
6.35% due 11/15/2007		160,000		163,024
Capital One Bank
5.125% due 02/15/2014		220,000		215,519
6.50% due 06/13/2013		330,000		348,907
Capital One Financial Corp.
4.738% due 05/17/2007		160,000		158,865
Caterpillar Financial Services Corp., MTN, Series F
4.50% due 09/01/2008		140,000		137,860
Chukchansi Economic Development Authority
4.469% due 11/15/2012		150,000		153,750
CIT Group, Inc.
5.00% due 02/01/2015		350,000		337,902
5.50% due 11/30/2007		65,000		65,294
CIT Group, Inc., GMTN
4.25% due 09/22/2011	EUR	50,000		60,803
CIT Group, Inc., MTN
4.8988% due 08/15/2008 (b)	$	115,000		115,123
Citigroup, Inc.
3.875% due 05/21/2010	EUR	65,000		78,796
5.30% due 01/07/2016	$	285,000		284,588
5.75% due 05/10/2006		130,000		130,209
Countrywide Home Loans, Inc., MTN
4.125% due 09/15/2009		480,000		461,003
Dollar Financial Group, Inc.
9.75% due 11/15/2011		200,000		210,500
E*TRADE Financial Corp.
8.00% due 06/15/2011		500,000		526,250
Erac USA Finance Co.
6.75% due 05/15/2007		150,000		151,363

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Ford Motor Credit Company
5.45% due 03/21/2007 (b)	$	50,000	$	49,240
5.625% due 06/06/2006	EUR	42,000		50,153
5.70% due 11/16/2006 (b)	$	110,000		108,903
5.80% due 01/12/2009		330,000		296,507
6.17% due 01/15/2010 (b)		100,000		90,083
6.50% due 01/25/2007		60,000		59,269
7.00% due 10/01/2013		115,000		101,065
7.375% due 10/28/2009		2,175,000		2,009,093
Franklin Resources, Inc.
3.70% due 04/15/2008		60,000		58,218
Fund American Companies, Inc.
5.875% due 05/15/2013		205,000		204,345
GE Capital UK Funding, EMTN
5.625% due 12/12/2014	GBP	49,000		90,878
General Electric Capital Corp.
6.125% due 02/22/2011	$	220,000		228,744
General Electric Capital Corp., EMTN
5.125% due 06/20/2007	EUR	52,000		63,551
General Electric Capital Corp., Series A, MTN
5.00% due 06/15/2007	$	130,000		129,833
6.00% due 06/15/2012		260,000		270,779
General Motors Acceptance Corp.
5.55% due 07/16/2007 (b)		180,000		171,485
5.625% due 05/15/2009		360,000		325,981
6.00% due 10/16/2006	EUR	63,000		74,525
6.75% due 12/01/2014	$	600,000		530,063
6.875% due 08/28/2012		325,000		289,574
7.75% due 01/19/2010		625,000		589,037
GIE Suez Alliance, EMTN
5.125% due 06/24/2015	EUR	47,000		61,403
Global Cash Access LLC
8.75% due 03/15/2012	$	325,000		348,969
Goldman Sachs Capital, Inc.
6.345% due 02/15/2034		510,000		531,582
Goldman Sachs Group, Inc.
4.25% due 08/04/2010	EUR	48,000		58,836
4.655% due 07/02/2007 (b)	$	65,000		65,102
HSBC Finance Corp.
5.00% due 06/30/2015		230,000		221,572
5.75% due 01/30/2007		95,000		95,534
HSBC USA, Inc.
4.625% due 04/01/2014		100,000		95,192
International Lease Finance Corp.
3.75% due 08/01/2007		160,000		156,737
5.125% due 11/01/2010		110,000		108,746
6.375% due 03/15/2009		90,000		92,598
International Lease Finance Corp., EMTN
4.125% due 10/09/2008	EUR	45,000		54,508
iPCS, Inc.
11.50% due 05/01/2012	$	125,000		143,437
Jefferies Group, Inc.
6.25% due 01/15/2036		260,000		258,247
John Deere Capital Corp.
3.90% due 01/15/2008		85,000		83,190

The accompanying notes are an integral part of the financial statements. 272

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
John Deere Capital Corp. (continued)
7.00% due 03/15/2012	$	200,000	$	217,984
JPMorgan Chase & Company
3.125% due 12/11/2006		125,000		123,164
JPMorgan Chase & Company, EMTN
4.25% due 06/09/2011	EUR	39,000		47,995
JSG Funding PLC
7.75% due 04/01/2015	$	275,000		250,250
9.625% due 10/01/2012		225,000		235,688
Legg Mason, Inc.
6.75% due 07/02/2008		165,000		170,427
Lehman Brothers Holdings, Inc.
3.50% due 08/07/2008		290,000		279,008
Mangrove Bay Pass Through Trust
6.102% due 07/15/2033 (b)		200,000		196,064
MBNA America Bank NA, EMTN
4.625% due 08/03/2009		300,000		295,373
MBNA Europe Funding Plc, EMTN
4.50% due 01/23/2009	EUR	33,000		40,498
Mellon Funding Corp.
6.375% due 11/08/2011	GBP	49,000		92,652
Merrill Lynch & Company, Inc.
7.00% due 03/15/2006	$	5,000		5,003
Merrill Lynch & Company, Inc., EMTN
4.625% due 10/02/2013	EUR	48,000		60,068
Merrill Lynch & Company, Inc., Series CPI
4.33% due 03/02/2009 (b)	$	150,000		146,522
Merrill Lynch & Company, Inc., Series MTNC
4.25% due 02/08/2010		200,000		193,617
Morgan Stanley
6.10% due 04/15/2006		75,000		75,111
National Rural Utilities Cooperative Finance Corp.
3.875% due 02/15/2008		200,000		195,271
Nationwide Building Society, EMTN
3.375% due 08/17/2015 (b)	EUR	55,000		64,954
Nell AF SARL
8.375% due 08/15/2015	$	400,000		402,000
8.375% due 08/15/2015	EUR	50,000		61,992
Nisource Finance Corp.
5.3438% due 11/23/2009 (b)	$	140,000		140,472
Nissan Motor Acceptance Corp.
4.625% due 03/08/2010		120,000		116,265
Residential Capital Corp.
6.125% due 11/21/2008		251,000		250,626
SLM Corp., MTN
5.625% due 08/01/2033		45,000		44,419
SLM Corp., MTN, Series A
4.8229% due 01/26/2009 (b)		220,000		220,463
SLM Corp., Series CPI
4.30% due 04/01/2009 (b)		365,000		355,116
Stripes Acquisition LLC
10.625% due 12/15/2013		200,000		209,000
Sun Life Canada US Capital Trust
8.526% due 05/29/2049		270,000		289,110
The Bear Stearns Companies, Inc.
4.00% due 01/31/2008		150,000		146,987

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Toyota Motor Credit Corp.
2.875% due 08/01/2008	$	235,000	$	223,432
UBS AG
4.50% due 09/16/2019	EUR	62,000		78,063
				19,632,872
Food & Beverages - 0.49%
B&G Foods Holding Corp.
8.00% due 10/01/2011	$	500,000		512,500
Birds Eye Foods, Inc.
11.875% due 11/01/2008		75,000		76,500
Cott Beverages USA, Inc.
8.00% due 12/15/2011		265,000		272,287
Del Monte Corp.
8.625% due 12/15/2012		325,000		346,125
Dole Food, Inc.
8.625% due 05/01/2009		125,000		126,563
8.875% due 03/15/2011		150,000		151,313
General Mills, Inc.
6.449% due 10/15/2006		150,000		151,184
Kraft Foods, Inc.
4.625% due 11/01/2006		105,000		104,644
5.625% due 11/01/2011		180,000		182,258
Le*Nature's, Inc.
10.00% due 06/15/2013		200,000		210,000
McCormick & Company, Inc.
5.20% due 12/15/2015		430,000		426,650
McCormick & Company, Inc., MTN
3.35% due 04/15/2009		110,000		105,494
Panamerican Beverages, Inc.
7.25% due 07/01/2009		35,000		36,750
PepsiAmericas, Inc.
4.875% due 01/15/2015		55,000		53,659
Pierre Foods, Inc.
9.875% due 07/15/2012		100,000		103,750
The Wornick Company
10.875% due 07/15/2011		200,000		208,500
Tricon Global Restaurants, Inc.
7.65% due 05/15/2008		60,000		62,847
William Wrigley Jr. Company
4.65% due 07/15/2015		60,000		57,789
				3,188,813
Forest Products - 0.02%
Weyerhaeuser Company
7.375% due 03/15/2032		115,000		129,269
Furniture & Fixtures - 0.10%
Norcraft Companies LP
9.00% due 11/01/2011		225,000		232,594
Norcraft Holdings LP
zero coupon, Step up to 9.75% on
09/01/2008 due 09/01/2012		175,000		125,562
Sealy Mattress Company
8.25% due 06/15/2014		300,000		313,500
				671,656

The accompanying notes are an integral part of the financial statements. 273

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities - 0.88%
ANR Pipeline Company
8.875% due 03/15/2010	$	110,000	$	117,543
Aquila Canada Finance Corp.
7.75% due 06/15/2011		200,000		206,500
Atlas Pipeline Partners LP
8.125% due 12/15/2015		100,000		104,000
Atmos Energy Corp.
4.00% due 10/15/2009		230,000		219,087
5.95% due 10/15/2034		40,000		39,687
Boardwalk Pipelines LLC
5.50% due 02/01/2017		90,000		88,547
Colorado Interstate Gas Company
5.95% due 03/15/2015		300,000		295,941
6.80% due 11/15/2015		400,000		418,824
Copano Energy LLC
8.125% due 03/01/2016		250,000		260,000
Dynegy Holdings, Inc.
9.875% due 07/15/2010		525,000		573,562
10.125% due 07/15/2013		450,000		506,250
El Paso Natural Gas Company, Series A
7.625% due 08/01/2010		15,000		15,784
El Paso Production Holding Company
7.75% due 06/01/2013		125,000		131,875
Kinder Morgan Finance Company ULC
5.35% due 01/05/2011		130,000		129,166
5.70% due 01/05/2016		340,000		340,046
National Gas Company
6.05% due 01/15/2036		105,000		104,459
Panhandle Eastern Pipe Line Company
4.80% due 08/15/2008		155,000		152,672
Panhandle Eastern Pipe Line Company, Series B
2.75% due 03/15/2007		130,000		126,563
Piedmont Natural Gas Company
6.00% due 12/19/2033		15,000		15,709
Roseton/Danskammer, Series A
7.27% due 11/08/2010		200,000		203,208
Southern Natural Gas Company
8.875% due 03/15/2010		460,000		492,026
Sunoco, Inc.
4.875% due 10/15/2014		30,000		28,825
Williams Companies, Inc.
7.625% due 07/15/2019		50,000		55,000
7.75% due 06/15/2031		100,000		110,375
8.125% due 03/15/2012		700,000		766,500
8.75% due 03/15/2032		25,000		30,250
Williams Companies, Inc., Series A
7.50% due 01/15/2031		125,000		134,688
				5,667,087
Gold - 0.02%
Newmont Mining Corp.
5.875% due 04/01/2035		130,000		127,884
Healthcare Products - 0.16%
CDRV Investors, Inc.
zero coupon, Step up to 9.625% on
01/01/2010 due 01/01/2015		175,000		119,875

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Products (continued)
Fresenius Medical Care Capital Trust
7.875% due 02/01/2008	$	280	$	289,800
7.875% due 06/15/2011		25,000		26,500
Medtronic, Inc., Series B
4.375% due 09/15/2010		145,000		140,790
4.75% due 09/15/2015		330,000		317,024
VWR International, Inc.
6.875% due 04/15/2012		50,000		49,750
8.00% due 04/15/2014		100,000		100,000
				1,043,739
Healthcare Services - 0.30%
Concentra Operating Corp.
9.125% due 06/01/2012		200,000		208,500
9.50% due 08/15/2010		75,000		78,188
DaVita, Inc.
6.625% due 03/15/2013		150,000		152,250
7.25% due 03/15/2015		325,000		331,500
Team Health, Inc.
11.25% due 12/01/2013		225,000		232,875
UnitedHealth Group Inc
5.25% due 03/15/2011		235,000		235,408
US Oncology, Inc.
9.00% due 08/15/2012		150,000		160,500
10.75% due 08/15/2014		75,000		82,875
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		150,000		156,375
WellPoint, Inc.
4.25% due 12/15/2009		40,000		38,568
5.00% due 01/15/2011		280,000		276,416
				1,953,455
Holdings Companies/Conglomerates - 0.24%
Hutchison Whampoa Finance, Ltd.
5.875% due 07/08/2013	EUR	42,000		55,445
6.95% due 08/01/2007	$	100,000		102,395
Leucadia National Corp.
7.00% due 08/15/2013		415,000		419,150
Marquee Holdings, Inc.
zero coupon, Step up to 12.00% on
08/15/2009 due 08/15/2014		125,000		76,406
Visant Corp.
7.625% due 10/01/2012		425,000		431,375
Visant Holding Corp.
zero coupon, Step up to 10.25% on
12/01/2008 due 12/01/2013		575,000		439,156
				1,523,927
Homebuilders - 0.21%
Centex Corp.
4.55% due 11/01/2010		75,000		71,714
5.45% due 08/15/2012		260,000		255,352
KB Home
6.25% due 06/15/2015		35,000		33,232
Lennar Corp.
5.125% due 10/01/2010		20,000		19,525

The accompanying notes are an integral part of the financial statements. 274

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Homebuilders (continued)
Lennar Corp., Series B
5.2469% due 03/19/2009 (b)	$	70,000	$	70,062
5.60% due 05/31/2015		205,000		197,580
MDC Holdings, Inc., MTN
5.375% due 12/15/2014		60,000		55,606
NVR, Inc.
5.00% due 06/15/2010		115,000		111,206
Pulte Homes, Inc.
4.875% due 07/15/2009		70,000		68,186
7.875% due 08/01/2011		240,000		261,278
Ryland Group, Inc.
5.375% due 01/15/2015		20,000		18,670
WCI Communities, Inc.
9.125% due 05/01/2012		200,000		202,000
				1,364,411
Hotels & Restaurants - 0.43%
American Casino & Entertainment Properties LLC
7.85% due 02/01/2012		400,000		409,000
CCM Merger, Inc.
8.00% due 08/01/2013		150,000		149,250
Harrah's Operating Company, Inc.
5.50% due 07/01/2010		295,000		293,855
7.50% due 01/15/2009		110,000		115,642
HMH Properties, Inc., Series B
7.875% due 08/01/2008		25,000		25,156
Landry's Restaurants, Inc., Series B
7.50% due 12/15/2014		300,000		290,250
Majestic Holding Company LLC
zero coupon, Step up to 12.5% on
10/15/2008 due 10/15/2011		125,000		87,500
Majestic Star Casino LLC
9.50% due 10/15/2010		75,000		80,250
O'Charleys, Inc.
9.00% due 11/01/2013		250,000		256,875
Poster Financial Group, Inc.
8.75% due 12/01/2011		300,000		315,000
Real Mex Restaurants, Inc.
10.00% due 04/01/2010		165,000		178,612
Resorts International Hotel and Casino, Inc.
11.50% due 03/15/2009		25,000		27,563
The Restaurant Company
10.00% due 10/01/2013		275,000		264,000
Yum! Brands, Inc.
7.70% due 07/01/2012		250,000		276,828
				2,769,781
Household Appliances - 0.02%
Gregg Appliances, Inc.
9.00% due 02/01/2013		150,000		141,750
Household Products - 0.13%
Church & Dwight Company, Inc.
6.00% due 12/15/2012		275,000		273,625
Clorox Company
4.6138% due 12/14/2007 (b)		80,000		80,163
Resolution Performance Products, Inc.
9.50% due 04/15/2010		225,000		232,875

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Household Products (continued)
Simmons Bedding Company
7.875% due 01/15/2014	$	100,000	$	96,000
10.00% due 12/15/2014		250,000		150,000
				832,663
Industrial Machinery - 0.16%
Columbus McKinnon Corp.
8.875% due 11/01/2013		250,000		263,125
Dresser Rand Group, Inc.
7.375% due 11/01/2014		454,000		472,160
Grant Prideco, Inc.
6.125% due 08/15/2015		300,000		302,250
				1,037,535
Insurance - 0.59%
ACE INA Holdings, Inc.
5.875% due 06/15/2014		150,000		153,582
Allstate Financial Global Funding
5.25% due 02/01/2007		300,000		299,734
Allstate Life Funding LLC, EMTN
6.375% due 01/17/2011	GBP	49,000		91,463
ASIF II, EMTN
5.625% due 02/01/2012		49,000		89,416
Cigna Corp.
7.40% due 05/15/2007	$	80,000		81,797
Cincinnati Financial Corp.
6.92% due 05/15/2028		150,000		168,297
Genworth Financial, Inc.
5.75% due 06/15/2014		180,000		184,275
Highmark, Inc.
6.80% due 08/15/2013		225,000		240,472
ING Security Life Institutional Funding
2.70% due 02/15/2007		195,000		189,770
Jefferson-Pilot Capital Trust A
8.14% due 01/15/2046		120,000		126,749
Marsh & McLennan Companies, Inc.
3.625% due 02/15/2008		45,000		43,502
MassMutual Global Funding II
3.25% due 06/15/2007		140,000		136,181
Monumental Global Funding, Ltd., EMTN
5.375% due 03/13/2009	EUR	39,000		49,034
Nationwide Financial Services, Inc.
5.90% due 07/01/2012	$	200,000		205,919
Nationwide Mutual Insurance Company
6.60% due 04/15/2034		135,000		137,423
New York Life Global Funding
4.625% due 08/16/2010		235,000		229,796
NLV Financial Corp.
7.50% due 08/15/2033		160,000		175,867
Ohio National Financial Services, Inc.
6.35% due 04/01/2013		15,000		15,756
Pacific Life Funding LLC
5.50% due 05/14/2009	EUR	39,000		49,265
Pacific Life Funding LLC, EMTN
5.125% due 01/20/2015	GBP	49,000		87,666
Principal Financial Global Funding LLC, EMTN
4.50% due 01/22/2009	EUR	39,000		47,639

The accompanying notes are an integral part of the financial statements. 275

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Principal Life Global Funding I
5.25% due 01/15/2013	$	190,000	$	189,758
Principal Life Income Funding Trusts
5.20% due 11/15/2010		40,000		39,924
Prudential Funding LLC, MTN
6.60% due 05/15/2008		150,000		154,305
RLI Corp.
5.95% due 01/15/2014		35,000		34,424
Security Benefit Life Insurance Company
7.45% due 10/01/2033		95,000		109,794
The St. Paul Companies, Inc.
5.75% due 03/15/2007		55,000		54,964
Transamerica Capital II
7.65% due 12/01/2026		135,000		156,663
Transatlantic Holdings, Inc.
5.75% due 12/14/2015		170,000		170,993
Travelers Insurance Company Institutional
Funding, Ltd.
5.75% due 12/06/2011	GBP	49,000		89,837
Travelers Property Casualty Corp.
3.75% due 03/15/2008	$	40,000		38,998
				3,843,263
International Oil - 0.56%
Canadian Natural Resources, Ltd.
6.45% due 06/30/2033		75,000		81,017
Newfield Exploration Company
6.625% due 09/01/2014		35,000		36,137
OAO Gazprom, Series REGS
9.625% due 03/01/2013		590,000		713,133
Ocean Rig Norway AS
8.375% due 07/01/2013		200,000		216,000
Pemex Project Funding Master Trust
5.75% due 12/15/2015		350,000		349,475
5.791% due 06/15/2010 (b)		395,000		406,850
6.625% due 06/15/2035		230,000		240,005
6.625% due 06/15/2035		335,000		349,573
7.75% due 09/28/2049		345,000		360,180
Pemex Project Funding Master Trust, Series regs
6.625% due 06/15/2035		200,000		208,700
Petro-Canada
5.95% due 05/15/2035		265,000		268,401
PF Export Receivables Master Trust
6.436% due 06/01/2015		76,658		75,780
Repsol International Finance BV, EMTN
4.625% due 10/08/2014	EUR	35,000		43,081
YPF SA, MTN, Series C
10.00% due 11/02/2028	$	220,000		261,800
				3,610,132
Investment Companies - 0.01%
BES Finance, Ltd., EMTN
6.25% due 05/17/2011	EUR	36,000		47,823
Leisure Time - 1.20%
AMC Entertainment, Inc.
8.00% due 03/01/2014	$	300,000		261,000
11.00% due 02/01/2016		300,000		301,875

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
AMF Bowling Worldwide, Inc.
10.00% due 03/01/2010	$	200,000	$	204,500
Boyd Gaming Corp.
6.75% due 04/15/2014		225,000		224,437
7.75% due 12/15/2012		175,000		183,094
8.75% due 04/15/2012		125,000		133,750
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		725,000		540,125
9.00% due 02/01/2013		250,000		264,375
Herbst Gaming, Inc.
7.00% due 11/15/2014		375,000		375,000
8.125% due 06/01/2012		75,000		78,187
International Speedway Corp.
4.20% due 04/15/2009		90,000		86,960
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		175,000		172,812
Mandalay Resort Group
10.25% due 08/01/2007		175,000		185,719
MGM Mirage, Inc.
6.00% due 10/01/2009		305,000		303,475
6.75% due 09/01/2012		15,000		15,244
8.50% due 09/15/2010		450,000		487,687
9.75% due 06/01/2007		300,000		314,250
Mohegan Tribal Gaming Authority
6.875% due 02/15/2015		175,000		176,969
Movie Gallery, Inc.
11.00% due 05/01/2012		300,000		197,250
Penn National Gaming, Inc.
6.75% due 03/01/2015		450,000		452,250
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		200,000		208,000
Royal Caribbean Cruises, Ltd.
8.00% due 05/15/2010		90,000		97,341
Speedway Motorsports, Inc.
6.75% due 06/01/2013		310,000		314,650
Station Casinos, Inc.
6.00% due 04/01/2012		140,000		140,000
6.50% due 02/01/2014		200,000		200,000
6.875% due 03/01/2016		655,000		666,462
Town Sports International, Inc.
9.625% due 04/15/2011		75,000		78,563
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		325,000		324,188
Warner Music Group
7.375% due 04/15/2014		275,000		275,688
Worldspan LP/WS Financing Corp.
10.9988% due 02/15/2011 (b)		350,000		308,000
Wynn Las Vegas LLC
6.625% due 12/01/2014		175,000		172,375
				7,744,226
Life Sciences - 0.07%
Fisher Scientific International, Inc.
6.125% due 07/01/2015		425,000		425,531

The accompanying notes are an integral part of the financial statements. 276

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Manufacturing - 0.19%
Aearo Company
8.25% due 04/15/2012	$	250,000	$	273,750
Koppers, Inc.
9.875% due 10/15/2013		375,000		405,000
Tyco International Group SA
5.80% due 08/01/2006		135,000		135,282
6.375% due 10/15/2011		390,000		404,127
Tyco International Group SA, EMTN
5.50% due 11/19/2008	EUR	10,000		12,398
				1,230,557
Medical-Hospitals - 0.55%
Community Health Systems, Inc.
6.50% due 12/15/2012	$	200,000		198,000
CRC Health Corp.
10.75% due 02/01/2016		225,000		232,312
Genesis Healthcare Corp.
8.00% due 10/15/2013		400,000		421,000
HCA, Inc.
6.375% due 01/15/2015		500,000		499,215
6.50% due 02/15/2016		325,000		323,881
8.75% due 09/01/2010		650,000		714,927
Tenet Healthcare Corp.
6.375% due 12/01/2011		350,000		315,875
6.50% due 06/01/2012		125,000		112,813
Triad Hospitals, Inc.
7.00% due 05/15/2012		75,000		76,500
7.00% due 11/15/2013		625,000		630,469
				3,524,992
Metal & Metal Products - 0.32%
Earle M. Jorgensen Company
9.75% due 06/01/2012		450,000		488,250
Falconbridge, Ltd.
6.20% due 06/15/2035		135,000		132,008
Gibraltar Industries, Inc.
8.00% due 12/01/2015		425,000		428,187
Hawk Corp.
8.75% due 11/01/2014		156,000		157,560
Metals USA, Inc.
11.125% due 12/01/2015		100,000		107,500
Mobile Mini, Inc.
9.50% due 07/01/2013		190,000		208,525
Neenah Foundary Company
11.00% due 09/30/2010		150,000		166,500
Novelis, Inc.
7.25% due 02/15/2015		325,000		315,250
Rio Tinto Finance PLC, EMTN
5.125% due 05/10/2007	EUR	27,000		32,933
Vale Overseas, Ltd.
6.25% due 01/11/2016	$	60,000		61,440
				2,098,153
Mining - 0.04%
Barrick Gold Finance Company
4.875% due 11/15/2014		30,000		28,930
Placer Dome, Inc.
6.375% due 03/01/2033		15,000		15,733

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Mining (continued)
Placer Dome, Inc. (continued)
6.45% due 10/15/2035	$	25,000	$	26,594
Rio Tinto Finance USA, Ltd.
2.625% due 09/30/2008		140,000		131,461
Teck Cominco, Ltd.
5.375% due 10/01/2015		75,000		73,612
				276,330
Newspapers - 0.01%
E.W. Scripps Company
4.30% due 06/30/2010		50,000		47,863
Office Furnishings & Supplies - 0.11%
ACCO Brands Corp.
7.625% due 08/15/2015		200,000		185,500
IKON Office Solutions, Inc.
7.75% due 09/15/2015		175,000		176,750
Interface, Inc.
9.50% due 02/01/2014		25,000		25,625
10.375% due 02/01/2010		300,000		327,750
				715,625
Paper - 0.29%
Abitibi-Consolidated, Inc.
5.25% due 06/20/2008		75,000		70,969
6.95% due 12/15/2006		10,000		10,087
8.55% due 08/01/2010		50,000		49,375
Boise Cascade LLC
7.125% due 10/15/2014		335,000		318,250
Celulosa Arauco y Constitucion SA
5.125% due 07/09/2013		80,000		76,952
8.625% due 08/15/2010		220,000		245,691
Jefferson Smurfit Corp.
8.25% due 10/01/2012		200,000		195,500
Longview Fibre Company
10.00% due 01/15/2009		375,000		393,750
NewPage Corp.
10.00% due 05/01/2012		25,000		26,125
10.93% due 05/01/2012 (b)		175,000		183,750
12.00% due 05/01/2013		125,000		128,125
Norske Skog Canada, Ltd.
7.375% due 03/01/2014		200,000		184,000
				1,882,574
Petroleum Services - 0.26%
Allis-Chalmers Energy, Inc.
9.00% due 01/15/2014		150,000		150,000
BP Canada Finance Company
3.375% due 10/31/2007		60,000		58,415
Chaparral Energy, Inc.
8.50% due 12/01/2015		325,000		343,687
Halliburton Company
5.50% due 10/15/2010		335,000		338,920
Hanover Compressor Company
9.00% due 06/01/2014		100,000		109,000
Hanover Equipment Trust
8.75% due 09/01/2011		275,000		290,125

The accompanying notes are an integral part of the financial statements. 277

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services (continued)
Premcor Refining Group, Inc.
6.75% due 02/01/2011	$	120,000	$	126,093
Pride International, Inc.
7.375% due 07/15/2014		225,000		240,188
				1,656,428
Pharmaceuticals - 0.22%
Abbott Laboratories
5.625% due 07/01/2006		90,000		90,217
AmerisourceBergen Corp.
5.625% due 09/15/2012		250,000		248,696
Aventis SA, EMTN
4.25% due 09/15/2010	EUR	65,000		79,718
Hospira, Inc.
4.95% due 06/15/2009	$	80,000		79,057
Merck & Company, Inc.
2.50% due 03/30/2007		100,000		97,258
Mylan Laboratories, Inc.
5.75% due 08/15/2010		150,000		149,625
Omnicare, Inc.
6.75% due 12/15/2013		350,000		356,125
6.875% due 12/15/2015		125,000		127,500
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		180,000		178,678
				1,406,874
Photography - 0.08%
Eastman Kodak Company
7.25% due 11/15/2013		540,000		530,675
Plastics - 0.08%
Covalence Specialty Materials Corp.
10.25% due 03/01/2016		500,000		518,125
Pollution Control - 0.03%
Aleris International, Inc.
9.00% due 11/15/2014		200,000		211,000
Publishing - 0.32%
Dex Media East LLC
9.875% due 11/15/2009		150,000		160,875
12.125% due 11/15/2012		250,000		288,437
Dex Media West LLC
8.50% due 08/15/2010		25,000		26,500
9.875% due 08/15/2013		225,000		249,188
Haights Cross Operating Company
11.75% due 08/15/2011		225,000		234,844
Houghton Mifflin Company
8.25% due 02/01/2011		200,000		209,000
Mail-Well I Corp.
9.625% due 03/15/2012		275,000		295,625
Medianews Group, Inc.
6.375% due 04/01/2014		75,000		67,875
6.875% due 10/01/2013		300,000		279,750
Morris Publishing Group LLC
7.00% due 08/01/2013		300,000		281,250
				2,093,344

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Railroads & Equipment - 0.11%
Canadian National Railway Company
6.25% due 08/01/2034	$	285,000	$	316,100
Norfolk Southern Corp.
5.59% due 05/17/2025		30,000		29,912
6.00% due 04/30/2008		240,000		243,589
7.25% due 02/15/2031		35,000		42,283
Union Pacific Corp.
5.75% due 10/15/2007		85,000		85,759
				717,643
Real Estate - 0.41%
Archstone-Smith Operating Trust, REIT
5.25% due 05/01/2015		180,000		176,522
5.625% due 08/15/2014		15,000		15,148
Arden Realty LP, REIT
5.20% due 09/01/2011		60,000		60,255
AvalonBay Communities, Inc., REIT
4.95% due 03/15/2013		60,000		58,101
BF Saul, REIT
7.50% due 03/01/2014		150,000		153,750
Camden Property Trust, REIT
4.375% due 01/15/2010		90,000		86,997
Developers Diversified Realty Corp., REIT
3.875% due 01/30/2009		170,000		162,289
Felcor Lodging LP, REIT
8.83% due 06/01/2011 (b)		225,000		234,000
9.00% due 06/01/2011		75,000		82,875
Host Marriott LP, REIT
6.375% due 03/15/2015		75,000		74,812
7.125% due 11/01/2013		150,000		154,875
Host Marriott LP, Series M, REIT
7.00% due 08/15/2012		100,000		102,000
iStar Financial, Inc.
5.80% due 03/15/2011		60,000		60,516
iStar Financial, Inc., REIT
6.05% due 04/15/2015		45,000		45,721
iStar Financial, Inc., Series B, REIT
4.875% due 01/15/2009		90,000		88,627
5.125% due 04/01/2011		190,000		185,790
Kimco Realty Corp., MTN, REIT
4.904% due 02/18/2015		60,000		57,263
Meristar Hospitality Corp., REIT
9.00% due 01/15/2008		100,000		106,000
9.125% due 01/15/2011		150,000		174,000
Simon Property Group LP, REIT
3.75% due 01/30/2009		180,000		172,336
5.375% due 06/01/2011		55,000		54,729
Ventas Realty LP, REIT
6.75% due 06/01/2010		130,000		132,763
Ventas Realty LP/Ventas Capital Corp.
6.50% due 06/01/2016		150,000		150,750
Vornado Realty LP, REIT
4.50% due 08/15/2009		80,000		77,367
				2,667,486

The accompanying notes are an integral part of the financial statements. 278

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail - 0.14%
JC Penney Company, Inc.
7.375% due 08/15/2008	$	100,000	$	104,374
Leslie's Poolmart
7.75% due 02/01/2013		350,000		355,250
NationsRent, Inc.
9.50% due 10/15/2010		200,000		219,250
Sunstate Equipment Company LLC
10.50% due 04/01/2013		225,000		234,000
				912,874
Retail Grocery - 0.19%
Couche-Tard US LP
7.50% due 12/15/2013		375,000		390,937
Delhaize America, Inc.
8.125% due 04/15/2011		45,000		48,906
Pathmark Stores, Inc.
8.75% due 02/01/2012		175,000		166,250
Safeway, Inc.
4.125% due 11/01/2008		65,000		62,698
Sysco Corp.
5.375% due 09/21/2035		100,000		97,328
The Kroger Company
7.80% due 08/15/2007		110,000		113,563
8.05% due 02/01/2010		300,000		325,377
				1,205,059
Retail Trade - 0.45%
Fortune Brands, Inc.
5.125% due 01/15/2011		210,000		207,453
FTD, Inc.
7.75% due 02/15/2014		400,000		394,000
GSC Holdings Corp.
8.00% due 10/01/2012		1,000,000		997,500
Home Depot, Inc.
3.75% due 09/15/2009		115,000		110,092
Jean Coutu Group, Inc.
7.625% due 08/01/2012		275,000		275,000
Target Corp.
7.50% due 07/15/2006		55,000		55,521
The Pantry, Inc.
7.75% due 02/15/2014		375,000		382,500
Wal-Mart Stores, Inc.
4.75% due 01/29/2013	GBP	49,000		86,230
5.25% due 09/01/2035	$	235,000		226,473
6.875% due 08/10/2009		155,000		163,873
				2,898,642
Sanitary Services - 0.34%
Allied Waste North America, Inc.
7.875% due 04/15/2013		185,000		192,400
8.50% due 12/01/2008		225,000		237,094
Allied Waste North America, Inc., Series B
8.875% due 04/01/2008		680,000		714,850
9.25% due 09/01/2012		175,000		189,875
Casella Waste Systems, Inc.
9.75% due 02/01/2013		750,000		800,625
Oakmont Asset Trust
4.514% due 12/22/2008		20,000		19,424

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Sanitary Services (continued)
Waste Management, Inc.
7.375% due 05/15/2029	$	15,000	$	17,397
				2,171,665
Semiconductors - 0.34%
Flextronics International, Ltd.
6.25% due 11/15/2014		250,000		248,750
Freescale Semiconductor, Inc.
6.875% due 07/15/2011		435,000		447,506
7.125% due 07/15/2014		475,000		501,719
Intel Corp.
2.95% due 12/15/2035		250,000		220,938
Spansion LLC
11.25% due 01/15/2016		175,000		168,875
STATS ChipPAC, Ltd.
6.75% due 11/15/2011		100,000		98,000
7.50% due 07/19/2010		500,000		510,000
				2,195,788
Software - 0.22%
Activant Solutions, Inc.
10.53% due 04/01/2010 (b)		100,000		102,500
10.53% due 04/01/2010 (b)		200,000		205,000
Oracle Corp.
5.00% due 01/15/2011		730,000		720,662
SS&C Technologies, Inc.
11.75% due 12/01/2013		100,000		105,000
UGS Corp.
10.00% due 06/01/2012		275,000		301,469
				1,434,631
Steel - 0.04%
Gerdau Ameristeel Corp.
10.375% due 07/15/2011		225,000		247,219
Telecommunications Equipment &
Services - 0.70%
Canadian Satellite Radio Holdings, Inc.
12.75% due 02/15/2014		175,000		178,500
Deutsche Telekom International Finance BV
3.875% due 07/22/2008		85,000		82,625
6.625% due 07/11/2011	EUR	60,000		80,873
7.50% due 05/29/2007		26,000		32,585
Eircom Funding
8.25% due 08/15/2013	$	300,000		320,625
France Telecom SA
7.20% due 03/01/2006		130,000		130,000
8.00% due 03/01/2011		120,000		132,306
France Telecom SA, EMTN
7.00% due 12/23/2009	EUR	40,000		53,285
8.125% due 01/28/2033		10,000		16,824
Insight Midwest LP
9.75% due 10/01/2009	$	100,000		103,250
Intelsat, Ltd.
9.614% due 01/15/2012 (b)		400,000		408,000
Lucent Technologies, Inc.
8.00% due 08/01/2031		236,000		239,278

The accompanying notes are an integral part of the financial statements. 279

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Panamsat Corp.
9.00% due 08/15/2014	$	300,000	$	316,500
Panamsat Holding Corp.
zero coupon, Step up to 10.375% on
11/01/2009 due 11/01/2014		25,000		17,781
SBC Communications, Inc.
5.10% due 09/15/2014		80,000		77,699
Syniverse Technologies Inc., Series B
7.75% due 08/15/2013		225,000		225,563
Telefonica Europe BV
7.75% due 09/15/2010		200,000		217,242
Telus Corp.
7.50% due 06/01/2007		200,000		205,295
8.00% due 06/01/2011		170,000		189,678
Time Warner Telecom, Inc.
10.125% due 02/01/2011		425,000		446,250
Verizon Global Funding Corp.
6.125% due 06/15/2007		110,000		111,313
7.25% due 12/01/2010		65,000		69,992
7.75% due 12/01/2030		285,000		333,735
Wind Acquisition Finance SA
10.75% due 12/01/2015		450,000		481,500
Zeus Special Subsidiary, Ltd.
zero coupon, Step up to 9.25% on
02/01/2010 due 02/01/2015		100,000		68,500
				4,539,199
Telephone - 0.59%
AT&T Corp.
9.05%, Step down to 7.3% on 05/15/2006
due 11/15/2011 (b)		50,000		54,771
AT&T, Inc.
4.9506% due 11/14/2008 (b)		100,000		100,183
5.30% due 11/15/2010		340,000		338,980
BellSouth Corp.
4.8738% due 11/15/2007 (b)		110,000		110,131
MCI, Inc.
7.688% due 05/01/2009		275,000		283,250
Qwest Corp.
7.741% due 06/15/2013 (b)		125,000		136,563
7.875% due 09/01/2011		350,000		374,500
8.875% due 03/15/2012		200,000		224,000
Sprint Capital Corp.
6.875% due 11/15/2028		440,000		479,441
7.625% due 01/30/2011		295,000		322,539
Telecom Italia Capital SA
4.00% due 01/15/2010		150,000		141,895
5.25% due 11/15/2013		285,000		275,230
6.00% due 09/30/2034		120,000		113,477
Telecom Italia Finance SA, EMTN
5.875% due 01/24/2008	EUR	14,000		17,451
6.875% due 01/24/2013		52,000		71,582
7.75% due 01/24/2033		11,000		16,944
Telefonica Europe BV, Series EMTN
5.125% due 02/14/2013		30,000		37,470

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Telefonos de Mexico SA de CV
4.50% due 11/19/2008	$	120,000	$	117,555
4.75% due 01/27/2010		155,000		151,539
5.50% due 01/27/2015		150,000		147,745
US LEC Corp.
12.7163% due 10/01/2009 (b)		300,000		325,875
				3,841,121
Tobacco - 0.10%
Altria Group, Inc.
7.20% due 02/01/2007		130,000		131,579
BAT International Finance PLC, EMTN
5.125% due 07/09/2013	EUR	61,000		77,154
Imperial Tobacco Finance PLC, EMTN
6.875% due 06/13/2012	GBP	49,000		93,485
RJ Reynolds Tobacco Holdings, Inc.
6.50% due 07/15/2010	$	345,000		346,725
				648,943
Toys, Amusements & Sporting Goods - 0.06%
K2, Inc.
7.375% due 07/01/2014		410,000		413,075
Transportation - 0.30%
Bombardier, Inc.
6.30% due 05/01/2014		375,000		338,437
6.75% due 05/01/2012		875,000		826,875
CHC Helicopter Corp.
7.375% due 05/01/2014		450,000		459,563
Grupo Transportacion Ferroviaria Mexicana, S.A.
de C.V.
9.375% due 05/01/2012		125,000		137,656
Petroleum Helicopters, Series B
9.375% due 05/01/2009		150,000		157,875
				1,920,406
Utility Service - 0.05%
Public Service Company of New Mexico
4.40% due 09/15/2008		210,000		204,489
Veolia Environnement, EMTN
4.875% due 05/28/2013	EUR	50,000		63,078
5.875% due 02/01/2012		30,000		39,749
				307,316
TOTAL CORPORATE BONDS (Cost $176,090,530)			$	177,710,876
CONVERTIBLE BONDS - 0.09%
Insurance - 0.00%
Fortis Insurance NV
7.75% due 01/26/2008	$	25,000		30,750
Internet Retail - 0.05%
Amazon.com, Inc.
4.75% due 02/01/2009		350,000		335,125

The accompanying notes are an integral part of the financial statements. 280

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
CONVERTIBLE BONDS (continued)
Telecommunications Equipment &
Services - 0.04%
Juniper Networks, Inc.
zero coupon due 06/15/2008	$	225,000	$	239,906
TOTAL CONVERTIBLE BONDS (Cost $604,906)			$	605,781
MUNICIPAL BONDS - 0.25%
California - 0.07%
California State Public Works Board
5.00% due 01/01/2021		225,000		238,615
State of California
5.25% due 04/01/2034		100,000		106,924
5.50% due 11/01/2033		100,000		110,294
				455,833
District of Columbia - 0.04%
District of Columbia, Series A
5.00% due 06/01/2016		260,000		277,545
Georgia - 0.07%
Atlanta Georgia Airport Passenger FAC Charge
Revenue
5.00% due 01/01/2033		420,000		438,279
Kansas - 0.02%
Kansas Development Finance Authority
5.501% due 05/01/2034		120,000		123,817
Nevada - 0.04%
Clark County Nevada School District
5.00% due 06/15/2018		220,000		235,976
Oregon - 0.01%
State of Oregon
5.892% due 06/01/2027		60,000		63,792
TOTAL MUNICIPAL BONDS (Cost $1,566,255)			$	1,595,242
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.25%
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A1
3.878% due 09/11/2036		90,479		86,676
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		796,000		768,252
Banc of America Commercial Mortgage, Inc.,
Series 2004-6, Class A1
3.801% due 12/10/2042		150,433		146,861
Banc of America Mortgage Securities,
Series 2003-L, Class 2A2
4.2639% due 01/25/2034 (b)		582,232		569,819
Banc of America Mortgage Securities,
Series 2004-A, Class 2A2
4.1192% due 02/25/2034 (b)		321,702		314,039
Banc of America Mortgage Securities,
Series 2004-D, Class 2A2
4.199% due 05/25/2034 (b)		142,144		138,223
Banc of America Mortgage Securities,
Series 2004-H, Class 2A2
4.7607% due 09/25/2034 (b)		334,323		328,765

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Banc of America Mortgage Securities,
Series 2004-I, Class 3A2
4.9332% due 10/25/2034 (b)	$	160,060	$	157,377
Banc of America Mortgage Securities,
Series 2005-J, Class 2A1
5.1068% due 11/25/2035 (b)		550,205		544,779
Bear Stearns Commercial Mortgage
Securities, Series 1998-C1, Class A2
6.44% due 06/16/2030		600,000		613,877
Bear Stearns Commercial Mortgage
Securities, Series 2002-TOP8, Class A2
4.83% due 08/15/2038		320,000		312,765
Bear Stearns Commercial Mortgage
Securities, Series 2004-PWR6, Class A1
3.688% due 11/11/2041		116,919		114,403
Bear Stearns Commercial Mortgage
Securities, Series 2005-PW10, Class A1
5.085% due 12/11/2040		1,007,623		1,005,301
Bear Stearns Commercial Mortgage
Securities, Series 2005-PWR8, Class A4
4.674% due 06/11/2041		578,000		551,567
Bear Stearns Commercial Mortgage
Securities, Series 2005-PWR9, Class A1
4.498% due 09/15/2042		155,352		152,710
Bear Stearns Commercial Mortgage
Securities, Series 2005-PWR9, Class AAB
4.804% due 09/11/2042		462,000		449,483
Bear Stearns Commercial Mortgage
Securities, Series 2005-T18, Class A1
4.274% due 02/13/2042 (b)		543,189		531,918
Bear Stearns Commercial Mortgage
Securities, Series 2005-T20, Class A1
4.94% due 10/12/2042		43,367		43,104
Citigroup Commercial Mortgage
Trust, Series 2004-C2, Class A1
3.787% due 10/15/2041		106,419		103,885
Citigroup Mortgage Loan Trust, Inc.
4.70% due 02/25/2036		945,000		926,322
Commercial Mortgage Pass Through
Certificates, Series 2005-LP5, Class A1
4.235% due 05/10/2043		508,639		499,440
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class A2
4.609% due 02/15/2038		149,000		145,640
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		629,000		666,639
Federal Home Loan Mortgage Corp. Stated Final,
Series 2004-SF4, Class B
2.37% due 12/15/2009		113,819		110,104
Federal Home Loan Mortgage Corp. Stated Final,
Series 2004-SF4, Class C
3.32% due 12/15/2011		64,000		60,395
Federal Home Loan Mortgage Corp. Strips, Series
1998-199, Class PO
zero coupon PO due 08/01/2028		13,985		11,414

The accompanying notes are an integral part of the financial statements. 281

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
1993-1633, Class PL
6.50% due 03/15/2023	$	139,425	$	139,744
Federal Home Loan Mortgage Corp., Series
1994-1671, Class G
6.50% due 08/15/2023		13,887		13,920
Federal Home Loan Mortgage Corp., Series
2003-2586, Class NJ
4.50% due 08/15/2016		440,460		431,445
Federal Home Loan Mortgage Corp., Series
2003-2614, Class IH
4.50% IO due 05/15/2016		267,000		35,640
Federal Home Loan Mortgage Corp., Series
2003-2627, Class IE
4.50% IO due 04/15/2018		103,756		11,239
Federal Home Loan Mortgage Corp., Series
2003-2631, Class KI
4.50% IO due 01/15/2015		306,447		20,661
Federal Home Loan Mortgage Corp., Series
2003-2631, Class LI
4.50% IO due 06/15/2011		126,035		4,260
Federal Home Loan Mortgage Corp., Series
2003-2631, Class MV
4.00% due 01/15/2022		191,000		188,665
Federal Home Loan Mortgage Corp., Series
2003-2631, Class PC
4.50% due 03/15/2016		1,224,000		1,195,725
Federal Home Loan Mortgage Corp., Series
2003-2681, Class PC
5.00% due 01/15/2019		255,000		253,030
Federal Home Loan Mortgage Corp., Series
2003-2686, Class JG
5.50% due 04/15/2028		847,000		844,590
Federal Home Loan Mortgage Corp., Series
2003-41, Class YV
5.50% due 04/25/2014		317,344		318,249
Federal Home Loan Mortgage Corp., Series
2004-2844, Class PQ
5.00% due 05/15/2023		149,000		148,431
Federal Home Loan Mortgage Corp., Series
2004-2872, Class YB
5.00% due 06/15/2023		318,000		316,232
Federal Home Loan Mortgage Corp., Series
2004-2882, Class YB
5.00% due 10/15/2027		814,000		801,532
Federal Home Loan Mortgage Corp., Series
2004-2890, Class PB
5.00% due 11/15/2027		798,000		785,775
Federal Home Loan Mortgage Corp., Series
2005-2934, Class NB
5.00% due 01/15/2028		106,000		104,302
Federal Home Loan Mortgage Corp., Series
2005-46, Class CN
5.00% due 01/25/2020		313,000		309,757
Federal National Mortgage Association Interest
Strip, Series 2002-319, Class 2
6.50% IO due 02/01/2032		54,234		12,272

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association, Series
1993-8, Class L
9.00% due 01/25/2008	$	8,077	$	8,252
Federal National Mortgage Association, Series
2002-43, Class A
6.00% due 06/25/2016		1,664		1,664
Federal National Mortgage Association, Series
2002-74, Class PJ
5.00% due 03/25/2015		615,000		612,131
Federal National Mortgage Association, Series
2003-40, Class NI
5.50% IO due 11/25/2028		119,518		8,610
Federal National Mortgage Association, Series
2003-92, Class NM
3.50% due 04/25/2013		494,000		482,364
Federal National Mortgage Association, Series
2004-21, Class AC
4.00% due 05/25/2016		106,000		103,047
GE Capital Commercial
Mortgage Corp., Series 2001-1, Class A2
6.531% due 05/15/2033		440,000		463,707
GE Capital Commercial
Mortgage Corp., Series 2005-C4, Class A1
5.082% due 11/10/2045		564,004		563,498
Government National Mortgage Association, Series
1997-16, Class PL
6.50% due 10/20/2027		322,000		331,214
Government National Mortgage Association, Series
1998-12, Class Z
6.50% due 05/20/2028		70,651		71,738
Government National Mortgage Association, Series
1998-6, Class EA
zero coupon PO due 03/16/2028		51,572		44,474
Government National Mortgage Association, Series
1999-15, Class PB
5.00% due 08/16/2028		39,046		38,957
Government National Mortgage Association, Series
2001-48, Class PC
6.50% due 10/20/2031		473,300		482,546
Government National Mortgage Association, Series
2003-3, Class LM
5.50% due 02/20/2032		401,000		400,260
Government National Mortgage Association, Series
2003-49, Class A
2.212% due 10/16/2017		113,522		106,550
Government National Mortgage Association, Series
2003-49, Class C
4.485% due 10/16/2033 (b)		67,000		62,733
Government National Mortgage Association, Series
2003-70, Class TD
5.50% due 10/20/2030		908,000		907,174
Government National Mortgage Association, Series
2003-73, Class B
5.064% due 09/16/2026 (b)		432,000		427,516
Government National Mortgage Association, Series
2004-103, Class A
3.878% due 12/16/2019		128,742		125,342

The accompanying notes are an integral part of the financial statements. 282

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Government National Mortgage Association, Series
2004-23, Class B
2.946% due 03/16/2019	$	529,000	$	502,605
Government National Mortgage Association, Series
2004-43, Class D
4.994% due 03/16/2030 (b)		56,000		54,770
Government National Mortgage Association, Series
2004-44, Class PC
5.50% due 05/20/2031		928,000		935,656
Greenwich Capital Commercial Funding Corp.,
Series 2004-GG1, Class A2
3.835% due 06/10/2036		460,431		450,855
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class AAB
4.619% due 08/10/2042 (b)		146,000		141,476
GS Mortgage Securities Corp II,
Series 2004-GG2, Class A2
4.293% due 08/01/2038		236,000		231,654
JP Morgan Chase Commercial Mortgage
Securities Corp., Series 2001-CIB2, Class A2
6.244% due 04/15/2035		243,220		247,105
JP Morgan Chase Commercial Mortgage
Securities Corp., Series 2001-CIBC, Class A3
6.26% due 03/15/2033		283,000		294,782
JP Morgan Chase Commercial Mortgage
Securities Corp., Series 2005-LDP4, Class A1
4.613% due 10/15/2042		45,111		44,524
JP Morgan Chase Commercial Mortgage
Securities Corp., Series 2005-LDP4, Class ASB
4.824% due 10/15/2042 (b)		621,000		605,798
LB-UBS Commercial Mortgage Trust, Series
2006-C1, Class A1
5.018% due 02/15/2031		262,096		261,717
LB-UBS Commercial Mortgage Trust, Series
2006-C1, Class A4
5.156% due 02/15/2031		842,500		835,523
LB-UBS Commercial Mortgage
Trust, Series 2003-C8, Class A1
3.636% due 11/15/2027		875,513		851,024
LB-UBS Commercial Mortgage
Trust, Series 2004-C2, Class A2
3.246% due 03/15/2029		233,000		220,995
LB-UBS Commercial Mortgage
Trust, Series 2004-C4, Class A2
4.567% due 06/15/2029 (b)		457,000		449,571
LB-UBS Commercial Mortgage
Trust, Series 2005-C1, Class A4
4.742% due 02/15/2030		133,000		127,936
Morgan Stanley Dean Witter
Capita I, Series 2002-TOP7, Class A1
5.38% due 01/15/2039		70,939		71,357
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		366,000		379,765
Vendee Mortgage Trust, Series 1996-3, Class 4
9.6047% due 03/15/2025 (b)		20,030		21,388

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Washington Mutual, Inc., Series 2004-AR1, Class A
4.229% due 03/25/2034 (b)	$	250,186	$	243,971
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $27,621,148)			$	27,503,476
ASSET BACKED SECURITIES - 1.35%
Bank One Auto Securitization Trust,
Series 2003-1, Class A3
1.82% due 09/20/2007		50,518		50,303
BankBoston Home Equity Loan Trust,
Series 1998-2, Class A6
6.64% due 12/25/2028		71,976		72,903
Capital Auto Receivables Asset
Trust, Series 2004-1, Class A4
2.64% due 11/17/2008		191,000		185,571
Capital Auto Receivables Asset
Trust, Series 2004-1, Class CTFS
2.84% due 09/15/2010		149,000		144,465
Capital One Multi-Asset Execution
Trust, Series 2004-A8, Class A8
4.70% due 08/15/2014 (b)		999,000		1,002,809
Capital One Multi-Asset Execution
Trust, Series 2005-A7, Class A7
4.70% due 06/15/2015		468,000		459,491
Capital One Prime Auto Receivables Trust, Series
2006-1, Class A4
5.01% due 11/15/2011		260,000		259,964
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2002-2, Class 1M1
5.599% due 09/25/2031		37,932		37,728
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2002-4, Class 2A1
4.9506% due 10/25/2032 (b)		21,613		21,706
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2003-3, Class 1A6
3.717% due 10/25/2014		250,000		236,005
Chase Issuance Trust, Series 2005-A7, Class A7
4.55% due 03/15/2013		511,000		500,945
Chase Manhattan Auto Owner
Trust, Series 2003-A, Class A4
2.06% due 12/15/2009		344,736		337,064
Citibank Credit Card Issuance
Trust, Series 2001-A6, Class A6
5.65% due 06/16/2008		149,000		149,410
CNH Equipment Trust, Series 2003-B, Class A4B
3.38% due 02/15/2011		250,000		244,389
Credit-Based Asset Servicing and
Securitization, Series 2005-CB5, Class AF2
4.831% due 08/25/2035		293,000		288,164
GE Equipment Small Ticket LLC, Series 2005-1A,
Class A4
4.51% due 12/22/2014		337,000		331,097
GS Auto Loan Trust, Series 2004-1, Class A3
2.13% due 11/15/2007		32,612		32,349
Harley-Davidson Motorcycle
Trust, Series 2003-3, Class A2
2.76% due 05/15/2011		91,894		90,463

The accompanying notes are an integral part of the financial statements. 283

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Harley-Davidson Motorcycle
Trust, Series 2003-4, Class A2
2.69% due 04/15/2011	$	97,000	$	94,150
Hertz Vehicle Financing LLC,
Series 2004-1A, Class A2
2.38% due 05/25/2008		265,000		257,926
Honda Auto Receivables Owner
Trust, Series 2003-5, Class A4
2.96% due 04/20/2009		194,000		189,361
Household Affinity Credit Card Master Note
Trust I, Series 2003-1, Class A
4.69% due 02/15/2010 (b)		106,000		106,232
Hyundai Auto Receivables
Trust, Series 2003-A, Class A4
3.02% due 10/15/2010		150,000		145,981
John Deere Owner Trust, Series 2003-A, Class A3
1.79% due 04/15/2007		3,634		3,628
John Deere Owner Trust, Series 2005-A, Class A4
4.16% due 05/15/2012		50,000		48,837
M&I Auto Loan Trust, Series 2005-1, Class A4
4.86% due 03/21/2011		140,000		139,342
MBNA Credit Card Master Note
Trust, Series 2005-A6, Class A6
4.50% due 01/15/2013		247,000		244,390
MBNA Master Credit Card Trust
USA, Series 2000-D, Class A
4.77% due 09/15/2009 (b)		225,000		225,486
Navistar Financial Corp. Owner
Trust, Series 2003-B, Class A3
4.77% due 04/15/2008 (b)		136,562		136,696
New Century Home Equity Loan
Trust, Series 2005-A, Class A6
4.954% due 08/25/2035		555,000		534,044
New Century Home Equity Loan
Trust, Series 2005-A, Class M2
5.344% due 08/25/2035		215,000		207,744
Nissan Auto Receivables Owner
Trust, Series 2004-A, Class A4
2.76% due 07/15/2009		191,000		185,082
Onyx Acceptance Owner
Trust, Series 2005-A, ClassA4
3.91% due 09/15/2011		250,000		243,977
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		447,000		471,377
PP&L Transition Bond Company LLC,
Series 1999-1, Class A8
7.15% due 06/25/2009		111,000		115,931
PSE&G Transition Funding LLC, Series 2001-1,
Class A6
6.61% due 06/15/2015		131,000		141,698
Reliant Energy Transport Bond
Company, Series 2001-1, Class A4
5.63% due 09/15/2015		334,000		342,890
Residential Asset Mortgage
Products, Inc., Series 2003-RZ2, Class A1
3.60% due 04/25/2033		44,668		43,240

Spectrum Income Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Asset Mortgage
Products, Inc., Series 2004-RZ3, Class AI2
3.42% due 10/25/2027 (b)	$	62,809	$	62,343
Sovereign Bank Home Equity Loan
Trust, Series 2000-1, Class A6
7.25% due 02/25/2015		8,988		9,151
USAA Auto Owner Trust, Series 2005-2, Class A4
4.17% due 02/15/2011		150,000		146,533
WFS Financial Owner Trust, Series 2004-1, Class
A4
2.81% due 08/22/2011		213,000		206,181
TOTAL ASSET BACKED SECURITIES
(Cost $8,773,212)			$	8,747,046
SUPRANATIONAL OBLIGATIONS - 0.38%
Supranational - 0.38%
Eurofima, EMTN
6.50% due 08/22/2011	AUD	555,000		428,515
European Investment Bank, Series EMTN
6.00% due 07/15/2009	NZD	835,000		543,258
6.50% due 09/10/2014		2,200,000		1,456,323
				2,428,096
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,510,515)			$	2,428,096
SHORT TERM INVESTMENTS - 4.49%
T. Rowe Price Reserve Investment
Fund (c)	$	29,031,923	$	29,031,923
TOTAL SHORT TERM INVESTMENTS
(Cost $29,031,923)			$	29,031,923
REPURCHASE AGREEMENTS - 5.18%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$33,555,982 on 03/01/2006,
collateralized by $26,615,000 U.S.
Treasury Bond 7.25% due
08/15/2022 (valued at
$34,227,981, including interest) (c)	$	33,553,000	$	33,553,000
TOTAL REPURCHASE AGREEMENTS
(Cost $33,553,000)			$	33,553,000
Total Investments (Spectrum Income Fund)
(Cost $635,696,586) - 99.89%			$	646,393,366
Other Assets in Excess of Liabilities - 0.11%				698,576
TOTAL NET ASSETS - 100.00%			$	647,091,942

The accompanying notes are an integral part of the financial statements. 284

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 0.29%
Broadcasting - 0.06%
Liberty Global, Inc., Class A *		7,685	$	156,082
Liberty Global, Inc., Series C *		7,685		149,089
				305,171
Cellular Communications - 0.15%
American Tower Corp., Class A *		23,747		755,867
Household Products - 0.03%
Home Interiors *		674,617		182,147
Telecommunications Equipment &
Services - 0.05%
Telewest Global, Inc. *		10,197		243,199
TOTAL COMMON STOCKS (Cost $1,342,339)			$	1,486,384
WARRANTS - 0.01%
Government of Mexico - 0.01%
Government of Mexico
(Expiration Date 10/10/2006; strike
price $25.00)		5,000		22,500
TOTAL WARRANTS (Cost $12,500)			$	22,500
U.S. TREASURY OBLIGATIONS - 15.69%
U.S. Treasury Bonds - 2.39%
4.125% due 08/15/2010 (a)	$	5,000,000		4,899,805
4.25% due 08/15/2014 (a)		1,275,000		1,242,777
5.25% due 11/15/2028 to 02/15/2029 (a)		3,250,000		3,514,456
5.50% due 08/15/2028 (a)		1,375,000		1,533,018
6.125% due 08/15/2029 (a)****		800,000		965,844
				12,155,900
U.S. Treasury Notes - 13.30%
3.625% due 01/15/2010 (a)		5,150,000		4,965,527
3.875% due 05/15/2010 (a)		8,300,000		8,058,785
4.00% due 03/15/2010 to 02/15/2014 (a)		32,450,000		31,643,761
4.25% due 11/15/2014 to 08/15/2015 (a)		14,575,000		14,198,507
5.00% due 02/15/2011 (a)		8,700,000		8,853,607
				67,720,187
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $80,343,587)			$	79,876,087
U.S. GOVERNMENT AGENCY OBLIGATIONS - 36.38%
Federal Home Loan Mortgage Corp. - 5.64%
5.00% TBA **		29,650,000		28,723,437
8.00% due 05/01/2010		12,175		12,645
8.50% due 05/01/2008		7,968		8,190
				28,744,272
Federal National Mortgage
Association - 30.73%
4.00% TBA **		13,300,000		12,639,150
4.50% TBA **		10,700,000		10,071,375
5.00% TBA **		42,450,000		41,229,563
5.50% TBA **		77,000,000		76,278,125
6.00% TBA **		9,600,000		9,686,995
6.50% due 10/01/2032		895,805		919,042

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
6.50% TBA **	$	5,300,000	$	5,425,875
7.50% due 07/01/2030 to 02/01/2031		71,961		75,332
8.00% due 07/01/2027 to 08/01/2027		73,890		78,901
8.80% due 01/25/2019		67,639		71,376
10.40% due 04/25/2019		24,623		26,480
				156,502,214
Government National Mortgage
Association - 0.01%
7.50% due 04/15/2022 to 02/15/2028		26,812		28,230
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $184,379,029)			$	185,274,716
OREIGN GOVERNMENT OBLIGATIONS - 5.13%
Argentina - 0.17%
Republic of Argentina, Series PGDP
.34% due 12/15/2035 (b)	ARS	2,818,991		57,270
4.50% due 12/15/2035 (a)(b)	$	1,105,896		84,048
5.83% due 12/31/2033 (b)	ARS	1,009,091		431,200
8.28% due 12/31/2033 (a)	$	296,963		297,261
				869,779
Brazil - 1.17%
Federative Republic of Brazil
5.25% due 04/15/2012 (b)		1,298,495		1,298,495
7.875% due 03/07/2015 (a)		225,000		251,550
8.00% due 01/15/2018 (a)		2,350,000		2,630,825
8.75% due 02/04/2025		1,475,000		1,781,062
				5,961,932
Bulgaria - 0.04%
Republic of Bulgaria
8.25% due 01/15/2015		175,000		210,158
Canada - 0.34%
Province of Quebec Canada
4.60% due 05/26/2015 (a)		1,800,000		1,742,371
Colombia - 0.29%
Republic of Colombia
8.125% due 05/21/2024 (a)		550,000		642,950
10.00% due 01/23/2012		250,000		304,375
10.75% due 01/15/2013 (a)		425,000		544,000
				1,491,325
Ecuador - 0.08%
Republic of Ecuador
zero coupon, Step up to 10% on
08/15/2006 due 08/15/2030 (b)		425,000		420,750
Italy - 0.17%
Republic of Italy
5.804% due 10/25/2032		800,000		874,460
Mexico - 0.91%
Government of Mexico
5.875% due 01/15/2014		1,225,000		1,255,625
6.375% due 01/16/2013		1,875,000		1,974,375

The accompanying notes are an integral part of the financial statements. 285

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Mexico (continued)
Government of Mexico (continued)
8.125% due 12/30/2019	$	800,000	$	990,000
10.375% due 02/17/2009		350,000		399,000
				4,619,000
Panama - 0.18%
Republic of Panama
6.70% due 01/26/2036		359,000		364,385
7.25% due 03/15/2015		500,000		537,500
				901,885
Peru - 0.19%
Republic of Peru
5.00% Step up to 6.89% on 03/07/2007
due 03/07/2017 (b)		328,000		322,260
5.00% Step up to 6.94% on 03/07/2007
due 03/07/2017 (b)		245,000		239,487
8.75% due 11/21/2033		125,000		153,125
9.875% due 02/06/2015		200,000		249,000
				963,872
Philippines - 0.39%
Republic of Philippines
8.375% due 03/12/2009		225,000		240,188
8.875% due 03/17/2015 (a)		350,000		396,375
9.50% due 02/02/2030 (a)		200,000		239,500
9.875% due 01/15/2019		500,000		602,500
10.625% due 03/16/2025		375,000		486,562
				1,965,125
Poland - 0.10%
Republic of Poland
5.25% due 01/15/2014 (a)		500,000		503,000
Russia - 0.35%
Russian Federation
8.25% due 03/31/2010		475,000		502,407
11.00% due 07/24/2018		875,000		1,295,963
				1,798,370
South Africa - 0.06%
Republic of South Africa
6.50% due 06/02/2014		275,000		296,656
Turkey - 0.37%
Republic of Turkey
7.375% due 02/05/2025		975,000		1,040,813
9.00% due 06/30/2011 (a)		550,000		627,000
11.50% due 01/23/2012		175,000		222,687
				1,890,500
Ukraine - 0.04%
Republic of Ukraine
6.875% due 03/04/2011 (a)		200,000		204,560
Venezuela - 0.28%
Republic of Venezuela
9.375% due 01/13/2034		400,000		518,400

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Venezuela (continued)
Republic of Venezuela (continued)
10.75% due 09/19/2013	$	725,000	$	913,500
				1,431,900
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $24,957,706)			$	26,145,643
CORPORATE BONDS - 29.85%
Advertising - 0.31%
Lamar Media Corp.
6.625% due 08/15/2015		150,000		151,688
R H Donnelley Finance Corp.
8.875% due 01/15/2016		500,000		521,250
RH Donnelley Corp.
6.875% due 01/15/2013		100,000		94,000
6.875% due 01/15/2013		175,000		164,500
RH Donnelley Finance Corp., Series I
10.875% due 12/15/2012		300,000		337,500
Vertis, Inc.
9.75% due 04/01/2009		300,000		310,500
				1,579,438
Aerospace - 0.43%
Alliant Techsystems, Inc.
8.50% due 05/15/2011		200,000		209,250
Argo-Tech Corp.
9.25% due 06/01/2011		225,000		238,500
DRS Technologies, Inc.
6.875% due 11/01/2013		400,000		399,000
7.625% due 02/01/2018		25,000		25,687
Goodrich Corp.
7.50% due 04/15/2008		550,000		572,763
Moog, Inc.
6.25% due 01/15/2015		250,000		247,500
Sequa Corp.
9.00% due 08/01/2009		475,000		511,813
				2,204,513
Agriculture - 0.14%
Case New Holland, Inc.
7.125% due 03/01/2014		225,000		225,562
Pilgrim's Pride Corp.
9.25% due 11/15/2013		200,000		209,500
UAP Holding Corp.
zero coupon, Step up to 10.75% on
01/15/2008 due 07/15/2012		75,000		66,938
United Agri Products, Inc.
8.25% due 12/15/2011		175,000		184,625
				686,625
Air Travel - 0.01%
Continental Airlines, Inc.
6.541% due 09/15/2008		46,339		43,570
Aluminum - 0.04%
IMCO Recycling, Inc.
10.375% due 10/15/2010		200,000		220,000

The accompanying notes are an integral part of the financial statements. 286

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Amusement & Theme Parks - 0.04%
Six Flags, Inc.
9.625% due 06/01/2014	$	125,000	$	126,875
9.75% due 04/15/2013		75,000		76,688
				203,563
Apparel & Textiles - 0.18%
Collins & Aikman Floorcoverings, Inc.
9.75% due 02/15/2010		250,000		236,250
Levi Strauss & Company
7.73% due 04/01/2012		75,000		77,438
9.75% due 01/15/2015		175,000		186,375
12.25% due 12/15/2012		225,000		257,062
Quiksilver, Inc.
6.875% due 04/15/2015 (a)		186,000		179,490
				936,615
Auto Parts - 0.12%
Keystone Automotive Operations
9.75% due 11/01/2013		150,000		130,875
Tenneco Automotive, Inc.
8.625% due 11/15/2014 (a)		250,000		248,750
TRW Automotive, Inc.
9.375% due 02/15/2013		200,000		217,000
				596,625
Automobiles - 0.65%
DaimlerChrysler NA Holding Corp.
4.05% due 06/04/2008		1,650,000		1,601,873
Ford Motor Company
6.625% due 10/01/2028		150,000		100,500
7.45% due 07/16/2031 (a)		1,325,000		940,750
8.90% due 01/15/2032		100,000		77,000
General Motors Corp.
8.25% due 07/15/2023 (a)		100,000		68,750
8.375% due 07/15/2033 (a)		625,000		440,625
Hertz Corp., Class A
8.875% due 01/01/2014		100,000		104,500
				3,333,998
Banking - 1.19%
Bank of America Corp.
7.40% due 01/15/2011		2,100,000		2,290,369
Capital One Bank
5.75% due 09/15/2010		1,250,000		1,270,598
Standard Chartered Bank
8.00% due 05/30/2031		1,945,000		2,489,709
				6,050,676
Broadcasting - 0.93%
CanWest Media, Inc.
8.00% due 09/15/2012		400,000		410,000
Charter Communications Holdings
zero coupon, Step up to 11.75% on
05/15/2006 due 05/15/2014		625,000		325,000
zero coupon, Step up to 12.125% on
01/15/2007 due 01/15/2015		75,000		34,500
11.00% due 10/01/2015		400,000		336,500
Charter Communications I Holdings LLC
10.00% due 05/15/2014		75,000		39,000

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
Charter Communications I Holdings LLC (continued)
13.5 due 01/15/2014	$	125,000	$	81,250
Charter Communications Operating LLC
8.375% due 04/30/2014		225,000		226,687
CSC Holdings, Inc.
7.00% due 04/15/2012		250,000		241,875
7.625% due 07/15/2018		25,000		24,344
8.125% due 08/15/2009		325,000		335,156
CSC Holdings, Inc., Series B
7.625% due 04/01/2011 (a)		125,000		125,937
8.125% due 07/15/2009		25,000		25,781
Emmis Communications Corp.
10.3663% due 06/15/2012 (b)		51,429		51,429
News America, Inc.
5.30% due 12/15/2014 (a)		1,975,000		1,943,359
Radio One, Inc.
6.375% due 02/15/2013		225,000		216,000
8.875% due 07/01/2011		200,000		210,000
Salem Communications Corp.
7.75% due 12/15/2010		100,000		102,625
				4,729,443
Building Materials & Construction - 0.09%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		575,000		304,750
Brand Services, Inc.
12.00% due 10/15/2012		125,000		132,812
				437,562
Business Services - 0.35%
Allied Security Escrow Corp.
11.375% due 07/15/2011		200,000		188,000
Conveo Corp.
7.875% due 12/01/2013 (a)		175,000		173,250
Interep National Radio Sales, Inc., Series B, Class A
10.00% due 07/01/2008 (a)		125,000		106,406
Invensys PLC
9.875% due 03/15/2011 (a)		175,000		181,125
Iron Mountain, Inc.
7.75% due 01/15/2015		175,000		177,188
8.25% due 07/01/2011		125,000		126,875
8.625% due 04/01/2013		300,000		312,750
SunGard Data Systems, Inc.
9.125% due 08/15/2013		100,000		106,375
Xerox Capital Trust I
8.00% due 02/01/2027		400,000		414,000
				1,785,969
Cable and Television - 1.14%
Atlantic Broadband Finance LLC
9.375% due 01/15/2014		300,000		279,000
CCO Holdings LLC
8.75% due 11/15/2013		250,000		243,750
DirecTV Holdings LLC
6.375% due 06/15/2015		375,000		373,594
8.375% due 03/15/2013		175,000		187,687

The accompanying notes are an integral part of the financial statements. 287

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable and Television (continued)
Echostar DBS Corp.
6.625% due 10/01/2014	$	825,000	$	802,312
7.125% due 02/01/2016		50,000		49,500
Lodgenet Entertainment Corp.
9.50% due 06/15/2013		250,000		270,000
Mediacom Broadband LLC
8.50% due 10/15/2015		75,000		72,000
11.00% due 07/15/2013		150,000		160,500
Mediacom LLC/Mediacom Capital Corp.
9.50% due 01/15/2013		125,000		125,000
Rainbow National Services LLC
10.375% due 09/01/2014		25,000		28,281
Rogers Cable, Inc.
6.25% due 06/15/2013		25,000		24,844
8.75% due 05/01/2032		350,000		415,625
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		300,000		306,375
8.75% due 12/15/2011		75,000		78,844
Time Warner, Inc.
7.625% due 04/15/2031		1,725,000		1,961,849
Videotron Ltee
6.375% due 12/15/2015		200,000		198,000
Young Broadcasting, Inc.
10.00% due 03/01/2011 (a)		250,000		223,438
				5,800,599
Cellular Communications - 1.13%
American Tower Corp.
7.125% due 10/15/2012		250,000		261,875
7.50% due 05/01/2012 (a)		25,000		26,375
AT&T Broadband Corp.
8.375% due 03/15/2013		1,425,000		1,633,802
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		1,175,000		1,559,292
Centennial Communications Corp.
8.125% due 02/01/2014 (a)		300,000		306,000
10.00% due 01/01/2013 (a)		125,000		130,000
Dobson Cellular Systems, Inc.
8.375% due 11/01/2011		100,000		106,000
Nextel Communications, Inc.
6.875% due 10/31/2013		200,000		209,380
7.375% due 08/01/2015		750,000		793,180
SBA Communications Corp.
8.50% due 12/01/2012		75,000		82,500
SBA Telecommunication /
SBA Communications Corp.
zero coupon, Step up to 9.75% on
12/15/2007 due 12/15/2011		175,000		165,813
UbiquiTel Operating Company
9.875% due 03/01/2011		250,000		275,000
US Unwired, Inc., Series B
10.00% due 06/15/2012 (a)		200,000		226,000
				5,775,217
Chemicals - 0.56%
Arco Chemical Company
9.80% due 02/01/2020		75,000		82,500

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals (continued)
Equistar Chemicals LP
10.625% due 05/01/2011	$	200,000	$	217,500
Ethyl Corp.
8.875% due 05/01/2010		200,000		209,000
Huntsman ICI Chemicals
10.125% due 07/01/2009 (a)		50,000		51,250
Huntsman International LLC
9.875% due 03/01/2009		200,000		209,500
IMC Global, Inc.
10.875% due 08/01/2013		25,000		28,750
Lyondell Chemical Company
11.125% due 07/15/2012		225,000		248,625
Methanex Corp.
8.75% due 08/15/2012 (a)		200,000		220,500
Millennium America, Inc.
9.25% due 06/15/2008		400,000		411,000
Nalco Company
8.875% due 11/15/2013 (a)		175,000		183,312
Nova Chemicals Corp
6.50% due 01/15/2012		125,000		120,313
PQ Corp.
7.50% due 02/15/2013		400,000		384,000
Rhodia SA
7.625% due 06/01/2010		300,000		305,250
Westlake Chemical Corp.
6.625% due 01/15/2016		200,000		199,750
				2,871,250
Coal - 0.04%
Massey Energy Company
6.625% due 11/15/2010		200,000		204,500
Computers & Business Equipment - 0.10%
Seagate Technology Holdings
8.00% due 05/15/2009		200,000		208,000
Unisys Corp.
8.00% due 10/15/2012		300,000		292,500
				500,500
Construction & Mining Equipment - 0.07%
Terex Corp.
7.375% due 01/15/2014		100,000		103,000
10.375% due 04/01/2011		225,000		237,375
				340,375
Construction Materials - 0.02%
Nortek, Inc.
8.50% due 09/01/2014		125,000		124,688
Containers & Glass - 0.28%
Graphic Packaging International Corp.
8.50% due 08/15/2011		400,000		402,000
Owens-Brockway Glass Container, Inc.
7.75% due 05/15/2011		200,000		210,000
8.25% due 05/15/2013		50,000		52,125
Owens-Illinois, Inc., Series 2008
7.35% due 05/15/2008 (a)		325,000		329,062
Pliant Corp.
12.75% due 06/15/2010 ^		75,000		18,375

The accompanying notes are an integral part of the financial statements. 288

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass (continued)
Radnor Holdings Corp.
11.00% due 03/15/2010	$	125,000	$	95,000
Stone Container Corp.
8.375% due 07/01/2012		100,000		98,000
Tekni-Plex, Inc.
8.75% due 11/15/2013		225,000		206,438
				1,411,000
Correctional Facilities - 0.08%
Corrections Corporation of America
6.25% due 03/15/2013		150,000		148,875
6.75% due 01/31/2014		275,000		279,812
				428,687
Cosmetics & Toiletries - 0.09%
Del Laboratories, Inc.
8.00% due 02/01/2012 (a)		200,000		164,750
9.68% due 11/01/2011 (b)		50,000		51,000
Jafra Cosmetics International, Inc.
10.75% due 05/15/2011		150,000		163,312
Spectrum Brands, Inc.
7.375% due 02/01/2015		87,000		75,038
				454,100
Crude Petroleum & Natural Gas - 0.81%
Burlington Resources Finance Company
5.60% due 12/01/2006		1,325,000		1,328,876
Chesapeake Energy Corp.
6.25% due 01/15/2018		325,000		324,594
6.625% due 01/15/2016		275,000		279,125
7.00% due 08/15/2014		200,000		207,500
EnCana Holdings Finance Corp.
5.80% due 05/01/2014		1,675,000		1,731,226
Plains Exploration & Production Company
7.125% due 06/15/2014 (a)		250,000		260,625
				4,131,946
Domestic Oil - 1.02%
Devon Financing Corp., ULC
6.875% due 09/30/2011		1,550,000		1,666,293
Exco Resources, Inc.
7.25% due 01/15/2011		400,000		408,000
Forest Oil Corp.
8.00% due 12/15/2011		325,000		354,250
Magnum Hunter Resources, Inc.
9.60% due 03/15/2012		250,000		270,000
Stone Energy Corp.
8.25% due 12/15/2011		400,000		406,000
Swift Energy Company
7.625% due 07/15/2011		400,000		412,000
Valero Energy Corp.
4.75% due 06/15/2013 (a)		1,375,000		1,322,458
Whiting Petroleum Corp.
7.00% due 02/01/2014 (a)		200,000		200,500
7.25% due 05/01/2013		175,000		177,188
				5,216,689

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Drugs & Health Care - 0.50%
Humana, Inc.
6.30% due 08/01/2018	$	1,675,000	$	1,748,266
Rite Aid Corp.
6.125% due 12/15/2008 (a)		100,000		96,250
7.50% due 01/15/2015		250,000		240,938
8.125% due 05/01/2010		75,000		76,500
The Jean Coutu Group (PJC), Inc.
8.50% due 08/01/2014 (a)		400,000		382,000
				2,543,954
Electrical Utilities - 1.06%
AES Corp.
7.75% due 03/01/2014		225,000		237,656
8.875% due 02/15/2011 (a)		225,000		243,563
9.375% due 09/15/2010		350,000		384,125
Appalachian Power Company
5.95% due 05/15/2033		1,500,000		1,498,437
Calpine Corp.
8.50% due 07/15/2010 (a)		300,000		279,000
8.75% due 07/15/2013 (a)		50,000		46,500
Calpine Generating Company LLC
13.2163% due 04/01/2011 (b)		200,000		218,000
Edison Mission Energy
9.875% due 04/15/2011		444,000		511,710
Entergy Gulf States
6.20% due 07/01/2033		725,000		700,808
Mirant Americas Generation LLC
8.30% due 05/01/2011 ^		395,000		413,269
Reliant Energy, Inc.
6.75% due 12/15/2014		425,000		384,094
9.25% due 07/15/2010		125,000		127,031
9.50% due 07/15/2013 (a)		350,000		357,000
				5,401,193
Electronics - 0.18%
L-3 Communications Corp.
7.625% due 06/15/2012		550,000		576,125
Motors & Gears, Inc., Series D
10.75% due 11/15/2006		200,000		195,500
Muzak, LLC/Muzak Finance Corp.
9.875% due 03/15/2009		250,000		146,250
				917,875
Energy - 0.54%
Duke Energy Company
4.20% due 10/01/2008		1,225,000		1,192,252
El Paso Energy
7.375% due 12/15/2012 (a)		475,000		492,813
Inergy, L.P.
6.875% due 12/15/2014		200,000		190,500
NRG Energy, Inc.
7.25% due 02/01/2014		150,000		153,750
7.375% due 02/01/2016		700,000		721,000
				2,750,315
Financial Services - 7.12%
Alamosa Delaware, Inc.
11.00% due 07/31/2010		225,000		250,875

The accompanying notes are an integral part of the financial statements. 289

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
BCP Crystal Holdings Corp.
9.625% due 06/15/2014	$	250,000	$	279,687
Chukchansi Economic Development Authority
8.00% due 11/15/2013		200,000		206,000
CIT Group, Inc.
7.75% due 04/02/2012		1,775,000		1,983,862
Corporacion Andina de Fomento
6.875% due 03/15/2012		1,346,000		1,451,989
Countrywide Home Loan
4.00% due 03/22/2011 (a)		3,100,000		2,899,470
Diageo Finance BV
5.30% due 10/28/2015		2,925,000		2,910,281
Ford Motor Credit Company
4.95% due 01/15/2008		875,000		806,076
6.625% due 06/16/2008		250,000		232,749
7.875% due 06/15/2010		1,875,000		1,734,126
General Motors Acceptance Corp.
6.75% due 12/01/2014		675,000		596,321
6.875% due 09/15/2011 (a)		1,600,000		1,432,598
7.25% due 03/02/2011		25,000		22,842
8.00% due 11/01/2031 (a)		175,000		159,817
Global Cash Access LLC
8.75% due 03/15/2012		250,000		268,438
Hexion US Finance Corp/Hexion Nova Scotia
Finance ULC
9.00% due 07/15/2014		425,000		437,219
HSBC Finance Capital Trust IX
5.911% due 11/30/2035 (b)		2,850,000		2,865,199
International Lease Finance Corp.
5.875% due 05/01/2013 (a)		2,575,000		2,629,029
iPCS, Inc.
11.50% due 05/01/2012		250,000		286,875
J.P. Morgan Chase & Company
6.625% due 03/15/2012 (a)		1,750,000		1,862,835
JSG Funding PLC
9.625% due 10/01/2012		125,000		130,938
Lehman Brothers Holdings, Inc.
4.50% due 07/26/2010		2,975,000		2,891,051
MBNA Corp, Series MTN
6.25% due 01/17/2007 (a)		563,000		568,355
Morgan Stanley
4.75% due 04/01/2014		2,650,000		2,527,141
Nell AF SARL
8.375% due 08/15/2015 (a)		197,000		197,985
Sensus Metering Systems, Inc.
8.625% due 12/15/2013		300,000		287,250
TRAINS HY-2005-1
7.651% due 06/15/2015 (b)		6,094,268		6,254,243
Yell Finance BV
zero coupon, Step up to 13.5% on
08/01/2006 due 08/01/2011		75,000		77,531
				36,250,782
Food & Beverages - 0.20%
Ahold Lease USA, Inc., Series A-1
7.82% due 01/02/2020		67,184		71,887

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
Del Monte Corp.
8.625% due 12/15/2012	$	200,000	$	213,000
Doane Pet Care Company
10.75% due 03/01/2010		50,000		53,812
Dole Food, Inc.
7.25% due 06/15/2010		325,000		312,813
8.875% due 03/15/2011		125,000		126,094
Pinnacle Foods Holding Corp.
8.25% due 12/01/2013		250,000		245,000
				1,022,606
Furniture & Fixtures - 0.07%
Sealy Mattress Company
8.25% due 06/15/2014 (a)		350,000		365,750
Gas & Pipeline Utilities - 0.76%
Atlas Pipeline Partners LP
8.125% due 12/15/2015		200,000		208,000
Dynegy Holdings, Inc.
6.875% due 04/01/2011 (a)		150,000		149,625
9.875% due 07/15/2010		575,000		628,187
10.125% due 07/15/2013		50,000		56,250
El Paso Corp.
7.75% due 01/15/2032 (a)		250,000		265,625
7.875% due 06/15/2012		500,000		530,000
Targa Resources, Inc.
8.50% due 11/01/2013		175,000		185,500
United Utilities PLC
4.55% due 06/19/2018		950,000		846,788
Williams Companies, Inc.
7.625% due 07/15/2019		25,000		27,500
7.875% due 09/01/2021		375,000		419,063
8.75% due 03/15/2032		450,000		544,500
				3,861,038
Healthcare Products - 0.05%
Accellent, Inc.
10.50% due 12/01/2013		250,000		262,500
Healthcare Services - 0.70%
Ameripath, Inc.
10.50% due 04/01/2013		275,000		290,125
DaVita, Inc.
7.25% due 03/15/2015 (a)		400,000		408,000
Extendicare Health Services, Inc.
6.875% due 05/01/2014		25,000		25,937
9.50% due 07/01/2010		200,000		211,250
National Mentor, Inc.
9.625% due 12/01/2012		275,000		292,875
Quest Diagnostics, Inc.
5.45% due 11/01/2015		1,500,000		1,494,315
Tenet Healthcare Corp.
9.25% due 02/01/2015		200,000		200,500
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		475,000		495,188

The accompanying notes are an integral part of the financial statements. 290

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services (continued)
Vanguard Health Holding Company, Inc. LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015	$	200,000	$	148,000
				3,566,190
Holdings Companies/Conglomerates - 0.01%
ERP Operating LP
5.25% due 09/15/2014		25,000		24,717
Hotels & Restaurants - 0.36%
CCM Merger, Inc.
8.00% due 08/01/2013		175,000		174,125
Gaylord Entertainment Company
6.75% due 11/15/2014		300,000		296,250
Hilton Hotels Corp.
7.625% due 12/01/2012 (a)		250,000		270,216
Park Place Entertainment Corp.
9.375% due 02/15/2007		250,000		259,062
Sbarro, Inc.
11.00% due 09/15/2009		300,000		306,750
Starwood Hotels & Resorts Worldwide, Inc.
7.875% due 05/01/2012		175,000		192,063
Turning Stone Casino Resort
9.125% due 12/15/2010		300,000		312,000
				1,810,466
Household Appliances - 0.01%
Applica, Inc.
10.00% due 07/31/2008		25,000		24,250
Household Products - 0.11%
Resolution Performance Products, Inc.
8.00% due 12/15/2009		150,000		154,500
13.50% due 11/15/2010		250,000		267,500
Simmons Bedding Company
7.875% due 01/15/2014 (a)		150,000		144,000
				566,000
Industrial Machinery - 0.16%
Dresser Rand Group, Inc.
7.375% due 11/01/2014		300,000		312,000
Grant Prideco, Inc.
6.125% due 08/15/2015		75,000		75,562
NMHG Holding Company
10.00% due 05/15/2009		400,000		422,000
				809,562
International Oil - 0.21%
OAO Gazprom, Series REGS
9.625% due 03/01/2013		150,000		181,305
Pemex Project Funding Master Trust
5.75% due 12/15/2015		300,000		299,550
6.625% due 06/15/2035		150,000		156,525
Pogo Producing Co.
6.875% due 10/01/2017		200,000		201,500
Vintage Petroleum, Inc.
7.875% due 05/15/2011 (a)		225,000		234,783
				1,073,663

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time - 1.02%
AMC Entertainment, Inc.
11.00% due 02/01/2016	$	250,000	$	251,562
AMF Bowling Worldwide, Inc.
10.00% due 03/01/2010		250,000		255,625
Boyd Gaming Corp.
6.75% due 04/15/2014 (a)		400,000		399,000
Caesars Entertainment, Inc.
7.00% due 04/15/2013		250,000		264,547
Choctaw Resort Development Enterprise
7.25% due 11/15/2019		250,000		255,000
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		350,000		260,750
Herbst Gaming, Inc.
8.125% due 06/01/2012		250,000		260,625
Isle Capri Casinos, Inc.
7.00% due 03/01/2014		350,000		350,000
Kerzner International Ltd.
6.75% due 10/01/2015		300,000		297,750
Las Vegas Sands Corp.
6.375% due 02/15/2015		250,000		242,500
MGM Mirage, Inc.
6.625% due 07/15/2015 (a)		150,000		150,562
6.75% due 09/01/2012 (a)		475,000		482,719
Mohegan Tribal Gaming Authority
6.875% due 02/15/2015		150,000		151,688
7.125% due 08/15/2014		150,000		154,500
Penn National Gaming, Inc.
6.75% due 03/01/2015		300,000		301,500
6.875% due 12/01/2011		100,000		102,000
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		400,000		416,000
Station Casinos, Inc.
6.50% due 02/01/2014		400,000		400,000
6.875% due 03/01/2016		175,000		178,063
				5,174,391
Manufacturing - 0.49%
Blount, Inc.
8.875% due 08/01/2012		150,000		157,500
KI Holdings, Inc.
zero coupon, Step up to 9.875% on
11/15/2009 due 11/15/2014		450,000		319,500
Park-Ohio Industries, Inc.
8.375% due 11/15/2014		175,000		157,500
Trinity Industries, Inc.
6.50% due 03/15/2014		250,000		250,625
Tyco International Group SA
6.125% due 11/01/2008		1,600,000		1,626,850
				2,511,975
Medical-Hospitals - 0.47%
Community Health Systems, Inc.
6.50% due 12/15/2012 (a)		300,000		297,000
Genesis Healthcare Corp.
8.00% due 10/15/2013		175,000		184,187

The accompanying notes are an integral part of the financial statements. 291

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
HCA, Inc.
6.375% due 01/15/2015 (a)	$	575,000	$	574,098
7.05% due 12/01/2027		75,000		71,728
7.50% due 12/15/2023		25,000		25,347
7.69% due 06/15/2025		25,000		25,846
IASIS Healthcare LLC
8.75% due 06/15/2014		375,000		380,625
Tenet Healthcare Corp.
6.875% due 11/15/2031		125,000		101,875
7.375% due 02/01/2013		125,000		114,688
9.875% due 07/01/2014 (a)		225,000		228,938
Triad Hospitals, Inc.
7.00% due 11/15/2013		400,000		403,500
				2,407,832
Metal & Metal Products - 0.13%
Mueller Group, Inc.
10.00% due 05/01/2012		200,000		219,000
Mueller Holdings, Inc.
zero coupon, Step up to 14.75% on
04/15/2009 due 04/15/2014		60,000		48,600
Novelis, Inc.
7.25% due 02/15/2015 (a)		425,000		412,250
				679,850
Office Furnishings & Supplies - 0.12%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		150,000		151,500
Interface, Inc.
9.50% due 02/01/2014		100,000		102,500
10.375% due 02/01/2010		150,000		163,875
Tempur-Pedic/Tempur Products
10.25% due 08/15/2010		175,000		187,250
				605,125
Paper - 0.59%
Abitibi-Consolidated, Inc.
7.75% due 06/15/2011		75,000		70,781
8.375% due 04/01/2015 (a)		340,000		321,300
8.55% due 08/01/2010		50,000		49,375
8.85% due 08/01/2030		210,000		184,537
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		225,000		216,563
Boise Cascade LLC
7.125% due 10/15/2014		350,000		332,500
Bowater Canada Finance Corp.
7.95% due 11/15/2011		175,000		171,500
Bowater, Inc.
6.50% due 06/15/2013 (a)		100,000		91,000
Buckeye Technologies, Inc.
8.00% due 10/15/2010		200,000		195,500
8.50% due 10/01/2013		100,000		101,750
9.25% due 09/15/2008		100,000		100,000
Jefferson Smurfit Corp.
8.25% due 10/01/2012 (a)		534,000		521,985
Newark Group, Inc.
9.75% due 03/15/2014		225,000		195,750

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Paper (continued)
Norske Skog Canada, Ltd.
8.625% due 06/15/2011	$	250,000	$	247,500
Smurfit Capital Funding PLC
7.50% due 11/20/2025		200,000		184,000
				2,984,041
Petroleum Services - 0.34%
Chaparral Energy, Inc.
8.50% due 12/01/2015		350,000		370,125
Gaz Capital for Gazprom, Series REGS
8.625% due 04/28/2034		800,000		1,036,000
Hanover Compressor Company
zero coupon due 03/31/2007		225,000		207,000
Hanover Equipment Trust
8.75% due 09/01/2011		100,000		105,500
				1,718,625
Pharmaceuticals - 0.54%
Omnicare, Inc.
6.875% due 12/15/2015		200,000		204,000
Valeant Pharmaceuticals International
7.00% due 12/15/2011		425,000		416,500
Wyeth
5.50% due 03/15/2013		2,100,000		2,120,973
				2,741,473
Plastics - 0.06%
Berry Plastics Corp.
10.75% due 07/15/2012		300,000		326,250
Pollution Control - 0.00%
Safety-Kleen Services, Inc.
9.25% due 06/01/2008 ^		175,000		875
Publishing - 0.32%
Block Communications, Inc.
8.25% due 12/15/2015		200,000		198,000
Cadmus Communications Corp.
8.375% due 06/15/2014		250,000		253,750
CBD Media Holdings, LLC
9.25% due 07/15/2012		250,000		254,687
Dex Media East LLC
12.125% due 11/15/2012		125,000		144,219
Dex Media West LLC
8.50% due 08/15/2010		150,000		159,000
9.875% due 08/15/2013		75,000		83,063
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		100,000		84,000
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		200,000		168,000
Houghton Mifflin Company
zero coupon, Step up to 11.50% on
10/15/2008 due 10/15/2013 (a)		150,000		124,500
Mail-Well I Corp.
9.625% due 03/15/2012		125,000		134,375
				1,603,594

The accompanying notes are an integral part of the financial statements. 292

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate - 0.88%
Boston Properties, Ltd., REIT
6.25% due 01/15/2013	$	1,175,000	$	1,225,200
Felcor Lodging LP, REIT
9.00% due 06/01/2011		300,000		331,500
Host Marriott LP, REIT
6.375% due 03/15/2015 (a)		200,000		199,500
7.125% due 11/01/2013		500,000		516,250
iStar Financial, Inc., REIT
5.15% due 03/01/2012		1,550,000		1,511,050
Meristar Hospitality Corp., REIT
9.125% due 01/15/2011		150,000		174,000
Meristar Hospitality Operating Partnership LP, REIT
10.50% due 06/15/2009 (a)		125,000		132,969
Omega Healthcare Investors, Inc., REIT
7.00% due 01/15/2016		400,000		401,000
				4,491,469
Retail - 0.06%
Carrols Corp.
9.00% due 01/15/2013 (a)		175,000		177,187
Leslie's Poolmart
7.75% due 02/01/2013 (a)		150,000		152,250
				329,437
Retail Grocery - 0.24%
Safeway, Inc.
7.25% due 02/01/2031 (a)		1,100,000		1,202,480
Retail Trade - 0.34%
Finlay Fine Jewelry Corp.
8.375% due 06/01/2012		125,000		111,250
FTD, Inc.
7.75% due 02/15/2014		225,000		221,625
Limited Brands, Inc.
6.95% due 03/01/2033 (a)		1,075,000		1,100,186
Neiman Marcus Group, Inc.
10.375% due 10/15/2015 (a)		125,000		131,562
PETCO Animal Supplies, Inc.
10.75% due 11/01/2011		175,000		188,563
				1,753,186
Sanitary Services - 0.15%
Allied Waste North America, Inc.
7.25% due 03/15/2015		250,000		253,750
8.50% due 12/01/2008		125,000		131,719
Allied Waste North America, Inc., Series B
7.375% due 04/15/2014 (a)		250,000		245,625
9.25% due 09/01/2012		125,000		135,625
				766,719
Semiconductors - 0.12%
Amkor Technology, Inc.
7.75% due 05/15/2013 (a)		150,000		142,125
9.25% due 02/15/2008		300,000		304,500
10.50% due 05/01/2009 (a)		175,000		174,125
				620,750

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.46%
Insight Midwest LP
10.50% due 11/01/2010	$	225,000	$	237,093
Intelsat, Ltd.
9.614% due 01/15/2012 (b)		100,000		102,000
Lucent Technologies, Inc.
6.45% due 03/15/2029		825,000		696,094
Panamsat Corp.
9.00% due 08/15/2014		75,000		79,125
United States West Communications, Inc.
6.875% due 09/15/2033		1,147,000		1,101,120
Zeus Special Subsidiary, Ltd.
zero coupon, Step up to 9.25% on
02/01/2010 due 02/01/2015		175,000		119,875
				2,335,307
Telephone - 1.43%
Qwest Communications International, Inc.
7.50% due 02/15/2014 (a)		87,000		89,393
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014 (a)		306,000		314,415
Qwest Corp.
7.50% due 06/15/2023 (a)		85,000		86,275
8.875% due 03/15/2012		125,000		140,000
Sprint Capital Corp.
8.375% due 03/15/2012		1,700,000		1,952,999
Telecom Italia Capital SA
5.25% due 10/01/2015		2,050,000		1,958,215
Telefonos de Mexico SA de CV
8.75% due 01/31/2016	MXN	2,000,000		191,189
Verizon Florida, Inc., Series F
6.125% due 01/15/2013 (a)	$	2,500,000		2,524,570
				7,257,056
Transportation - 0.23%
Horizon Lines LLC
9.00% due 11/01/2012		122,000		129,015
Union Pacific Corp.
3.625% due 06/01/2010		1,100,000		1,028,636
				1,157,651
TOTAL CORPORATE BONDS (Cost $150,884,789)		$		151,987,095
COLLATERALIZED MORTGAGE
OBLIGATIONS - 1.33%
Commercial Mortgage Asset Trust,
Series 1999-C1, Class C
7.35% due 01/17/2032		525,000		590,128
Commercial Mortgage Pass-Through Certificates,
Series 2001-J2A, Class A1
5.447% due 07/16/2034		613,835		617,323
Commercial Mortgage Pass-Through Certificates,
Series 2003-FL9, Class E
5.57% due 11/15/2015 (b)		245,254		245,446
First Boston Mortgage Securities Corp. STRIP,
Series D, IO
10.965% due 05/25/2017		28,975		8,118

The accompanying notes are an integral part of the financial statements. 293

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
First Union National Bank Commercial Mortgage,
Series 2000-C1
0.5265% IO due 05/17/2032 (b)	$	24,261,606	$	639,257
Green Tree Financial Corp.,
Series 1997-6, Class A8
7.07% due 01/15/2029		1,320,791		1,356,789
Merit Securities Corp., Series 11PA, Class B2
5.88% due 09/28/2032 (b)		1,578,924		1,541,240
Structured Asset Mortgage Investments Inc.,
Series 2005-AR3, Class 2A1
5.6435% due 08/25/2035 (b)		1,745,084		1,787,026
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $6,818,037)			$	6,785,327
ASSET BACKED SECURITIES - 1.62%
Ameriquest Mortgage Securities, Inc.,
Series 2004-R11, Class M5
5.7806% due 11/25/2034 (b)		575,000		584,933
Amortizing Residential Corp. Trust,
Series 2002-BC6, Class M2
5.7806% due 08/25/2032 (b)		689,067		692,290
Asset Backed Securities Corp.,
Series 2003-HE2, Class M2
6.47% due 04/15/2033 (b)		790,000		795,037
Bear Stearns Asset Backed Securities NIM,
Series 2003-HE1N, Class N1
6.50% due 08/25/2005		713		713
Bear Stearns Asset Backed Securities NIM,
Series 2004-FR1N, Class A1
5.00% due 05/25/2034		45,024		44,881
Bear Stearns Asset Backed Securities NIM,
Series 2004-HE6N, Class A1
5.25% due 08/25/2034		67,632		67,442
Countrywide Asset-Backed Certificates,
Series 2004-5, Class M4
5.8306% due 06/25/2034 (b)		750,000		760,283
Countrywide Asset-Backed Certificates,
Series 2004-5N, Class N1
5.50% due 10/25/2035		80,215		80,047
Merrill Lynch Mortgage Investors, Inc. Series
2005-WM1N, Class N1
5.00% due 09/25/2035		357,788		354,749
Metris Master Trust, Series 2001-2, Class B
5.65% due 11/20/2009 (b)		900,000		900,874
Mid State Trust, Series 6, Class A1
7.34% due 07/01/2035		1,309,740		1,362,735
Novastar Home Equity Loan, Series 2005-2, Class
M11
7.5806% due 10/25/2035 (b)		700,000		609,982
Novastar Home Equity Loan,
Series 2003-4, Class M2
6.2056% due 02/25/2034 (b)		250,000		253,869
Novastar Home Equity Loan,
Series 2004-1, Class M4
5.5556% due 06/25/2034 (b)		575,000		577,569

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Option One Mortgage Loan Trust, Series 2004-2,
Class M7
8.0806% due 05/25/2034 (b)	$	550,000	$	531,539
Residential Asset Securities Corp.,
Series 2002-KS2, Class MII2
5.6806% due 04/25/2032 (b)		172,442		172,526
Sail Net Interest Margin Notes, Series 2004-11A,
Class A2
4.75% due 01/27/2035		120,368		119,666
Sail Net Interest Margin Notes, Series 2004-2A,
Class A
5.50% due 03/27/2034		57,144		56,927
Sail Net Interest Margin Notes, Series 2004-4A,
Class A
5.00% due 04/27/2034		24,858		24,847
Sail Net Interest Margin Notes, Series 2004-BN2A,
Class A
5.00% due 12/27/2034		264,061		263,344
TOTAL ASSET BACKED SECURITIES
(Cost $8,306,554)			$	8,254,253
SHORT TERM INVESTMENTS - 36.64%
Atomium Funding Corp.
4.54% due 03/13/2006 ***	$	13,600,000	$	13,579,418
DaimlerChrysler North America Holding Corp.
4.65% due 03/13/2006 ***		6,800,000		6,789,460
Ebury Finance Ltd
4.54% due 03/13/2006 ***		13,600,000		13,579,419
Four Winds Funding Corp.
4.57% due 03/13/2006 ***		6,800,000		6,789,641
Giro Balanced Funding Corp.
4.54% due 03/13/2006 ***		13,600,000		13,579,419
Mica Funding LLC
4.54% due 03/13/2006 ***		4,636,000		4,628,984
Morrigan TRR Funding LLC
4.57% due 03/13/2006 ***		13,600,000		13,579,283
Ormond Quay Funding LLC
4.53% due 03/13/2006 ***		13,600,000		13,579,464
State Street Navigator Securities Lending
Prime Portfolio (c)		100,471,016		100,471,016
TOTAL SHORT TERM INVESTMENTS
(Cost $186,576,104)			$	186,576,104
REPURCHASE AGREEMENTS - 28.10%
Greenwich Capital Repurchase
Agreement dated 02/28/2006 at
4.55% to be repurchased at
$63,080,972 on 03/01/2006,
collateralized by $50,000,000
Federal Home Loan Mortgage
Corp., 4.375% due 11/16/2007
(valued at $50,312,500, including
interest) and $11,745,000 Federal
National Mortgage Association,
6.21% due 08/06/2038 (valued at
$14,049,956 including interest) ***	$	63,073,000	$	63,073,000

The accompanying notes are an integral part of the financial statements. 294

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS (continued)
Repurchase Agreement with Bank of
America dated 02/28/2006 at
4.47% to be repurchased at
$80,009,933 on 03/01/2006,
collateralized by $81,705,000
Federal Home Loan Mortgage
Corp., 5.395% due 02/28/2011
(valued at $81,602,869, including
interest) (c)***	$	80,000,000	$	80,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $143,073,000)			$	143,073,000
Total Investments (Strategic Bond Fund)
(Cost $786,693,645) - 155.04%			$	789,481,109
Liabilities in Excess of Other Assets - (55.04)%				(280,254,021)
TOTAL NET ASSETS - 100.00%			$	509,227,088
Strategic Value Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.16%
Banking - 4.12%
Bank of America Corp.		121,581 $		5,574,489
Broadcasting - 2.07%
CBS Corp., Class B		114,333		2,796,585
Building Materials & Construction - 3.12%
Masco Corp.		135,559		4,228,085
Computers & Business Equipment - 2.32%
Sun Microsystems, Inc. *		751,258		3,132,746
Containers & Glass - 2.73%
Owens-Illinois, Inc. *		197,399		3,699,257
Cosmetics & Toiletries - 1.33%
Estee Lauder Companies, Inc., Class A		47,981		1,795,449
Crude Petroleum & Natural Gas - 3.55%
Apache Corp.		24,360		1,630,171
Devon Energy Corp.		54,094		3,171,531
				4,801,702
Drugs & Health Care - 4.44%
Wyeth		120,640		6,007,872
Financial Services - 14.40%
JPMorgan Chase & Company		158,116		6,504,892
Mellon Financial Corp.		138,377		4,994,026
Merrill Lynch & Company, Inc.		36,062		2,784,347
PNC Financial Services Group, Inc.		74,034		5,208,292
				19,491,557
Industrial Machinery - 1.13%
Cooper Cameron Corp. *		37,742		1,528,551
Insurance - 5.02%
Allstate Corp.		60,135		3,294,195

Strategic Value Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Conseco, Inc. *	140,691	$	3,494,765
			6,788,960
International Oil - 2.20%
Noble Corp.	40,325		2,980,421
Internet Software - 4.67%
Symantec Corp. *	374,364		6,323,008
Leisure Time - 4.11%
International Game Technology, Inc.	25,212		901,833
Walt Disney Company	166,507		4,660,531
			5,562,364
Liquor - 0.51%
Molson Coors Brewing Company, Class B (a)	11,093		696,086
Manufacturing - 3.35%
Tyco International, Ltd.	175,673		4,530,607
Medical-Hospitals - 2.19%
Tenet Healthcare Corp. *	374,832		2,957,424
Newspapers - 1.47%
Knight-Ridder, Inc.	33,255		1,995,965
Office Furnishings & Supplies - 1.83%
OfficeMax, Inc.	84,375		2,474,719
Paper - 1.38%
Bowater, Inc.	71,685		1,865,244
Petroleum Services - 2.81%
GlobalSantaFe Corp.	68,682		3,800,862
Pharmaceuticals - 4.16%
Merck & Company, Inc.	161,377		5,625,602
Publishing - 0.14%
The New York Times Company, Class A (a)	6,660		187,945
Retail Trade - 6.29%
Family Dollar Stores, Inc.	106,523		2,739,772
Gap, Inc.	196,758		3,647,893
Wal-Mart Stores, Inc.	46,800		2,122,848
			8,510,513
Software - 4.18%
Compuware Corp. *	341,065		2,800,143
Oracle Corp. *	230,371		2,861,208
			5,661,351
Telecommunications Equipment &
Services - 3.91%
Nortel Networks Corp. * (a)	1,851,289		5,294,686
Telephone - 9.18%
Sprint Corp.	236,252		5,677,136
Verizon Communications, Inc.	200,250		6,748,425
			12,425,561
Toys, Amusements & Sporting Goods - 1.55%
Mattel, Inc.	124,216		2,093,040
TOTAL COMMON STOCKS (Cost $125,873,648)		$	132,830,651

The accompanying notes are an integral part of the financial statements. 295

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Strategic Value Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 7.30%
Jupiter Security Corp.
zero coupon due 03/01/2006	$	3,540,000	$	3,540,000
State Street Navigator Securities Lending
Prime Portfolio (c)		6,331,582		6,331,582
TOTAL SHORT TERM INVESTMENTS
(Cost $9,871,582)			$	9,871,582
Total Investments (Strategic Value Fund)
(Cost $135,745,230) - 105.46%			$	142,702,233
Liabilities in Excess of Other Assets - (5.46)%				(7,383,445)
TOTAL NET ASSETS - 100.00%			$	135,318,788
Total Return Fund
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 2.12%
Treasury Inflation Protected
Securities (d) - 0.60%
2.00% due 01/15/2026 ***	$	3,470,915	$	3,491,251
2.375% due 01/15/2025 ***		1,983,980		2,108,754
3.625% due 04/15/2028 ***		486,776		635,965
				6,235,970
U.S. Treasury Bonds - 1.52%
4.50% due 02/15/2036		13,700,000		13,692,506
5.25% due 11/15/2028 to 02/15/2029 ***		2,100,000		2,271,122
				15,963,628
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $22,057,312)			$	22,199,598
U.S. GOVERNMENT AGENCY OBLIGATIONS - 56.20%
Federal National Mortgage
Association - 56.20%
3.719% due 07/01/2034 ***		1,054,802		1,041,347
4.39% due 11/01/2034 (b)***		2,202,664		2,178,684
4.396% due 03/01/2035 (b)***		987,885		974,467
4.460% due 01/01/2035 ***		871,723		857,749
4.526% due 05/01/2035 (b)***		2,336,464		2,310,249
4.84% due 06/01/2035 ***		2,414,409		2,384,513
5.020% due 11/01/2035 (b)***		1,666,818		1,716,504
5.50% due 11/01/2035 (b)		361,802		358,573
5.50% due 06/01/2035 (b)***		1,127,095		1,117,037
5.50% due 12/01/2034 to 12/01/2035 ***		209,759,024		208,000,820
5.50% TBA **		371,000,000		367,508,125
				588,448,068
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $586,346,880)			$	588,448,068

Total Return Fund (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 1.13%
Brazil - 1.13%
Federative Republic of Brazil
8.00% due 01/15/2018 ***	$	10,600,000	$	11,866,700
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $10,753,700)			$	11,866,700
CORPORATE BONDS - 8.09%
Automobiles - 0.95%
DaimlerChrysler NA Holding Corp.
4.70% due 03/07/2007 (b)***		10,000,000		10,005,180
Banking - 2.09%
BNP Paribas
5.186% due 06/29/2049 (b)***		6,000,000		5,759,166
HSBC Bank USA
4.57% due 09/21/2007 (b)***		5,000,000		5,008,360
Royal Bank of Scotland Group PLC
7.648% due 08/31/2049 (b)***		5,000,000		5,990,680
Sumitomo Mitsui Banking Corp.
5.625% due 07/29/2049 (b)***		5,200,000		5,138,349
				21,896,555
Electrical Utilities - 0.29%
FirstEnergy Corp., Series A
5.50% due 11/15/2006 ***		3,000,000		3,005,568
Financial Services - 3.88%
American Express Credit Corp.
4.59% due 12/12/2007 (b)***		2,100,000		2,100,145
Atlantic & Western Re, Ltd., Series A
10.5194% due 01/09/2007 (b)		250,000		250,000
Bear Stearns Companies, Inc.
4.81% due 04/29/2008 (b)***		5,300,000		5,310,171
CIT Group, Inc.
4.5669% due 12/19/2007 (b)***		5,000,000		5,000,555
Citigroup, Inc.
4.5594% due 12/26/2008 (b)***		1,400,000		1,399,523
4.73% due 05/02/2008 (b)***		5,000,000		5,001,885
Goldman Sachs Group, Inc., Series MTN
4.81% due 11/10/2008 (b)***		3,000,000		3,000,570
Goldman Sachs Group, Inc., Series MTNB
4.5913% due 12/22/2008 (b)***		2,800,000		2,799,720
John Deere Capital Corp., Series MTND
4.5994% due 06/28/2006 (b)***		700,000		700,170
Lehman Brothers Holdings, Inc., Series MTN
4.71% due 12/23/2010 (b)***		10,000,000		10,008,900
Morgan Stanley, Series GMTN
4.825% due 02/09/2009 (b)***		5,100,000		5,098,184
				40,669,823
International Oil - 0.08%
Pemex Project Funding Master Trust
5.75% due 12/15/2015 ***		800,000		798,800
Software - 0.24%
Oracle Corp and Ozark Holding, Inc.
4.81% due 01/13/2009 (b)***		2,500,000		2,499,750

The accompanying notes are an integral part of the financial statements. 296

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Total Return Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone - 0.15%
BellSouth Corp.
4.258% due 04/26/2006 (b)***	$	1,600,000	$	1,598,307
Tobacco - 0.41%
Philip Morris Companies, Inc.
7.75% due 01/15/2027 ***		3,600,000		4,267,955
TOTAL CORPORATE BONDS (Cost $84,517,336)			$	84,741,938
MUNICIPAL BONDS - 1.57%
Iowa - 0.12%
Tobacco Settlement Authority of Iowa, Series A
6.50% due 06/01/2023 ***		1,200,000		1,208,916
Nevada - 0.01%
Truckee Meadows Water Authority
5.00% due 07/01/2036 ***		67,000		77,233
Pennsylvania - 0.44%
Pennsylvania Higher Educational Facilties Authority
4.75% due 07/15/2035 ***		4,500,000		4,588,425
Texas - 0.53%
Eagle Mountain & Saginaw Independent School
District/TX
4.75% due 08/15/2033 ***		5,500,000		5,570,950
Virginia - 0.04%
Tobacco Settlement Financing Corp.
5.625% due 06/01/2037 ***		400,000		410,260
Washington - 0.14%
Grant County Public Utility District No 2 Priest Rapids
5.00% due 01/01/2030 ***		1,400,000		1,473,206
Wisconsin - 0.29%
Badger Tobacco Asset Securitization Corp.
6.125% due 06/01/2027 ***		2,900,000		3,075,624
TOTAL MUNICIPAL BONDS (Cost $16,209,245)			$	16,404,614
COLLATERALIZED MORTGAGE
OBLIGATIONS - 11.59%
American Home Mortgage Investment Trust, Series
2004-4, Class 4A
4.39% due 02/25/2045 ***		503,298		490,962
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-11, Class 1A1
4.90% due 12/25/2035 (b)***		2,061,636		2,062,599
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-11, Class A2A
4.70% due 12/25/2035 ***		684,840		678,978
Countrywide Alternative Loan Trust,
Series 2005-81, Class A1
4.8606% due 02/25/2037 (b)***		9,768,718		9,238,944
Countrywide Home Loans,
Series 2005-HYB9, Class 3A2A
5.25% due 02/20/2036 ***		873,213		865,054
CS First Boston Mortgage Securities Corp., Series
2005-C6, Class A1
4.938% due 12/15/2040 ***		1,670,911		1,660,940

Total Return Fund (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series 2637,
Class F
4.97% due 06/15/2018 (b)***	$	550,713	$	551,188
Federal Home Loan Mortgage Corp., Series 2844,
Class PR
5.00% due 09/15/2017 ***		3,710,340		3,700,039
Federal Home Loan Mortgage Corp., Series 3036,
Class NA
5.00% due 07/15/2024 ***		4,600,000		4,571,694
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
4.678% due 02/25/2045 (b)***		580,952		586,277
Federal National Mortgage Association, Series
2005-33, Class QA
5.00% due 06/25/2027 ***		3,830,214		3,803,584
Federal National Mortgage Association,
Series 2003-W6, Class F
4.9306% due 09/25/2042 (b)***		3,385,736		3,405,290
Federal National Mortgage Association,
Series 2005-120, Class NF
4.6806% due 01/25/2021 (b)***		46,139,418		45,974,784
Federal National Mortgage Association,
Series 2006-5, Class 3A2
4.6893% due 05/25/2035 (b)***		500,000		492,031
GE Capital Commercial Mortgage Corp., Series
2002-3A, Class A1
4.229% due 12/10/2037 ***		7,445,520		7,262,237
Government National Mortgage Association, Series
2003-4, Class LA
4.00% due 07/16/2027 ***		881,908		871,062
LB-UBS Commercial Mortgage Trust, Series
2005-C7, Class A1
4.99% due 11/15/2030 ***		2,095,006		2,086,945
Mellon Residential Funding Corp.,
Series 2000-TBC3, Class A1
5.01% due 12/15/2030 (b)***		9,169,020		9,171,457
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR8, Class A1A
4.8606% due 02/25/2036 (b)***		998,359		997,536
Structured Asset Securities Corp., Series
2005-AR1, Class A3
4.6806% due 09/25/2035 (b)***		8,386,526		8,386,211
Washington Mutual, Inc., Series 2001-7, Class A
4.674% due 05/25/2041 (b)***		1,241,560		1,245,998
Washington Mutual, Inc., Series 2005-AR19, Class
A1A1
4.8506% due 12/25/2045 (b)***		9,869,476		9,886,825
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR2, Class 2A1
4.95% due 03/25/2036 (b)***		3,400,000		3,366,797
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $122,058,931)			$	121,357,432
ASSET BACKED SECURITIES - 9.49%
American Express Credit Account Master Trust,
Series 2001-2, Class A
5.53% due 10/15/2008 (b)***		12,244,000		12,244,000

The accompanying notes are an integral part of the financial statements. 297

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Total Return Fund (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Argent Securities, Inc., Series 2005-W4, Class A2A
4.7206% due 02/25/2036 (b)***	$	5,658,067	$	5,660,721
First NLC Trust, Series 2005-3, Class AV1
4.6906% due 12/25/2035 (b)***		1,391,740		1,391,769
Fremont Home Loan Trust, 2005-E, Class 2A1
4.6706% due 01/25/2036 (b)***		2,070,876		2,070,869
GE-WMC Mortgage Securities LLC,
Series 2005-2, Class A2A
4.6806% due 12/25/2035 (b)***		34,096,119		34,058,818
GSR Mortgage Loan Trust,
Series 2005-HEL1, Class A2A
4.6806% due 11/25/2030 (b)***		2,083,649		2,083,649
Home Equity Mortgage Trust, Series 2005-HF1,
Class A2A
4.6906% due 02/25/2036 (b)***		1,940,105		1,940,163
Indymac Residential Asset Backed Trust,
Series 2005-D, Class AII1
4.6806% due 03/25/2036 (b)***		2,016,295		2,016,610
Merrill Lynch Mortgage Investors, Inc., Series
2005-SL1, Class A
4.7806% due 06/25/2035 (b)***		8,781,278		8,782,879
Metris Master Trust, Series 2001-2, Class A
4.89% due 11/20/2009 (b)***		1,600,000		1,600,922
Morgan Stanley ABS Capital I, Series 2004-OP1,
Class A2A
4.83% due 11/25/2034 (b)***		1,428,646		1,428,657
Nissan Auto Lease Trust, Series 2004-A, Class A3
2.90% due 08/15/2007 ***		933,525		927,056
Option One Mortgage Loan Trust, Series 2005-4,
Class A2
4.6806% due 11/25/2035 (b)***		4,448,675		4,449,411
SLM Student Loan Trust, Series 2003-11, Class A2
4.5413% due 03/15/2013 (b)***		867,064		866,974
SLM Student Loan Trust, Series 2004-8, Class A2
4.6429% due 07/25/2013 (b)***		2,023,308		2,023,688
SLM Student Loan Trust, Series 2005-1, Class A1
4.6329% due 01/26/2015 (b)***		2,312,635		2,309,667
SLM Student Loan Trust, Series 2005-2, Class A2
4.6329% due 01/25/2013 (b)***		8,376,206		8,372,671
Soundview Home Equity Loan Trust,
Series 2005-B, Class A1
4.6906% due 05/25/2035 (b)***		560,889		560,845
Structured Asset Securities Corp.,
Series 2005-S7, Class A1
4.7106% due 12/25/2035 (b)***		3,918,069		3,917,922
Wachovia Auto Owner Trust,
Series 2005-B, Class A2
4.82% due 02/20/2009 ***		2,700,000		2,694,937
TOTAL ASSET BACKED SECURITIES
(Cost $99,475,005)			$	99,402,228
OPTIONS - 0.02%
Call Options - 0.02%
Chicago Mercantile Exchange American Purchase
Call on Eurodollar
Expiration 03/13/2006 at $95.25 *		315,000		788

Total Return Fund (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Call Options (continued)
Over The Counter European Style Call
Expiration 08/07/2006 at $4.50 *		25,000,000	$	5,250
Expiration 12/22/2006 at $4.80 *		29,000,000		200,970
				207,008
Put Options - 0.00%
Chicago Mercantile Exchange American Purchase
Put on Eurodollar
Expiration 12/18/2006 at $92.00 *		2,650,000		6,625
Expiration 09/18/2006 at $92.50 *		2,290,000		5,725
Expiration 12/18/2006 at $92.75 *		635,000		1,587
Expiration 06/19/2006 at $93.00 *		200,000		500
Expiration 06/19/2006 at $93.50 *		1,550,000		3,875
Expiration 06/19/2006 at $94.00 *		600,000		1,500
Expiration 12/18/2006 at $95.25 *		1,737,500		4,344
				24,156
TOTAL OPTIONS (Cost $294,789)			$	231,164
SHORT TERM INVESTMENTS - 41.18%
Bank of Ireland
4.68% due 05/23/2006 ***	$	28,500,000	$	28,192,485
Barclays Bank PLC NY
4.485% due 01/29/2007 ***		10,200,000		10,198,474
Barclays U.S. Funding LLC
4.645% due 05/15/2006 ***		20,400,000		20,202,587
Cox Communications, Inc.
3.00% due 07/17/2006 ***		2,000,000		2,000,000
Danske Corp.
4.51% due 03/27/2006 ***		28,500,000		28,407,169
4.515% due 04/26/2006 ***		500,000		496,488
4.70% due 06/01/2006 ***		2,300,000		2,272,374
DNB NORBank ASA
4.255% due 03/08/2006 ***		2,800,000		2,797,683
Florida Power Corp.
4.63% due 04/28/2006 ***		4,500,000		4,466,433
Fortis Funding LLC
4.50% due 03/01/2006 ***		28,500,000		28,500,000
Government of France
zero coupon due 05/24/2006 to
07/20/2006 ***	EUR	6,370,000		7,534,845
Federal Republic of Germany
zero coupon due 05/17/2006 to
06/14/2006 ***		69,920,000		82,915,266
Government of France
zero coupon due 03/23/2006 ***		3,530,000		4,202,264
Ixis Corp.
4.60% due 05/04/2006 ***	$	27,200,000		26,977,564
4.66% due 05/22/2006 ***		3,500,000		3,462,849
4.69% due 06/05/2006 ***		700,000		691,245
Spain Letras del Tesoro
zero coupon due 06/23/2006 ****	EUR	14,490,000		17,142,491
Rabobank USA Financial Corp.
4.55% due 03/01/2006 ***	$	28,700,000		28,700,000
Sanpaola Imi US Financial Company
4.665% due 05/23/2006 ***		28,500,000		28,193,471

The accompanying notes are an integral part of the financial statements. 298

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Total Return Fund (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Societe Generale North America, Inc.
4.495% due 03/03/2006 ***	$	13,100,000	$	13,096,729
Swedish Housing Finance Corp., Statens
Bostadsfinansieringsaktiebolag
4.34% due 03/06/2006 ***		26,200,000		26,184,207
Total SA
4.55% due 03/01/2006 ***		24,200,000		24,200,000
UBS Finance (Delaware) LLC
4.43% due 04/10/2006 ***		10,300,000		10,249,301
4.48% due 05/10/2006 ***		2,200,000		2,180,836
4.505% due 04/24/2006 ***		3,500,000		3,476,349
4.55% due 03/01/2006 ***		300,000		300,000
4.66% due 05/22/2006 ***		8,300,000		8,211,900
4.67% due 05/23/2006 ***		7,100,000		7,023,555
United States Treasury Bills
zero coupon due 06/01/2006		2,235,000		2,209,520
zero coupon due 03/02/2006 to
03/16/2006 *** ****		5,965,000		5,960,084
zero coupon due 03/16/2006 ****		710,000		708,865
TOTAL SHORT TERM INVESTMENTS
(Cost $432,680,058)			$	431,155,034
REPURCHASE AGREEMENTS - 3.21%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$33,545,982 on 03/01/2006,
collateralized by $34,205,000, U.S.
Treasury Notes, 2.00 % due
05/15/2006 (valued at
$34,216,356, including interest) (c)***	$	33,543,000	$	33,543,000
TOTAL REPURCHASE AGREEMENTS
(Cost $33,543,000)			$	33,543,000
Total Investments (Total Return Fund)
(Cost $1,407,936,256) - 134.60%			$ 1,409,349,776
Liabilities in Excess of Other Assets - (34.60)%				(362,269,142)
TOTAL NET ASSETS - 100.00%			$ 1,047,080,634
U.S. Global Leaders Growth Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.09%
Biotechnology - 9.45%
Amgen, Inc. *		281,740	$	21,268,553
Genzyme Corp. *		271,707		18,840,163
				40,108,716
Business Services - 5.04%
Automatic Data Processing, Inc.		462,848		21,378,949
Computers & Business Equipment - 4.93%
Dell, Inc. *		722,270		20,945,830
Cosmetics & Toiletries - 8.34%
Colgate-Palmolive Company		277,167		15,100,058

U.S. Global Leaders Growth Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Cosmetics & Toiletries (continued)
Procter & Gamble Company		338,360	$	20,277,915
				35,377,973
Electrical Equipment - 3.92%
General Electric Company		505,799		16,625,613
Financial Services - 3.55%
State Street Corp. (c)		241,164		15,067,927
Food & Beverages - 10.11%
Starbucks Corp. *		374,712		13,609,540
The Coca-Cola Company		400,625		16,814,231
William Wrigley Jr. Company		196,416		12,480,273
				42,904,044
Healthcare Products - 9.30%
Johnson & Johnson		322,844		18,611,957
Medtronic, Inc.		386,882		20,872,284
				39,484,241
Insurance - 3.81%
American International Group, Inc.		243,914		16,186,133
Internet Retail - 3.89%
eBay, Inc. *		411,897		16,500,594
Leisure Time - 3.19%
Electronic Arts, Inc. *		260,796		13,553,568
Pharmaceuticals - 3.95%
Teva Pharmaceutical Industries, Ltd., SADR		399,173		16,761,274
Retail Grocery - 3.48%
Sysco Corp.		491,043		14,775,484
Retail Trade - 16.40%
Costco Wholesale Corp.		276,719		14,190,150
Home Depot, Inc.		404,143		17,034,628
Staples, Inc.		1,197,921		29,396,981
Wal-Mart Stores, Inc.		198,214		8,990,987
				69,612,746
Software - 5.50%
Microsoft Corp.		867,206		23,327,841
Trucking & Freight - 4.23%
United Parcel Service, Inc., Class B		240,280		17,951,319
TOTAL COMMON STOCKS (Cost $417,020,516)			$	420,562,252
REPURCHASE AGREEMENTS - 3.04%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$12,927,149 on 03/01/2006,
collateralized by $13,390,000
Federal Home Loan Bank, 6.00%
due 11/15/2024 (valued at
$13,189,150 including interest) (c)	$	12,926,000	$	12,926,000
TOTAL REPURCHASE AGREEMENTS
(Cost $12,926,000)			$	12,926,000

The accompanying notes are an integral part of the financial statements. 299

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Total Investments (U.S. Global Leaders Growth Fund)
(Cost $429,946,516) - 102.13%			$	433,488,252
Liabilities in Excess of Other Assets - (2.13)%				(9,055,509)
TOTAL NET ASSETS - 100.00%			$	424,432,743
U.S. Government Securities Fund
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 16.25%
U.S. Treasury Bonds - 0.08%
6.625% due 02/15/2027 ****	$	128,000	$	160,940
U.S. Treasury Notes - 16.17%
3.375% due 10/15/2009		2,574,000		2,465,511
3.375% due 11/15/2008 ****		926,000		896,013
3.50% due 05/31/2007 ***		10,171,000		10,020,815
4.00% due 02/15/2014 to 02/15/2015		5,516,000		5,283,521
4.00% due 04/15/2010 ***		5,278,000		5,151,207
4.25% due 08/15/2015		2,445,000		2,381,775
4.50% due 11/15/2015		5,000,000		4,964,060
				31,162,902
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $31,522,739)			$	31,323,842
U.S. GOVERNMENT AGENCY OBLIGATIONS - 77.25%
Federal Home Loan Bank - 1.13%
5.80% due 09/02/2008		2,145,000		2,182,870
Federal Home Loan Mortgage Corp. - 20.52%
5.00% due 08/01/2033		1,797,457		1,748,311
5.00% TBA **		21,000,000		20,343,750
5.50% TBA **		15,500,000		15,364,375
6.00% due 10/01/2010 to 12/01/2028		622,350		630,440
6.50% due 07/01/2006 to 12/01/2010		52,498		53,181
7.00% due 02/01/2011 to 06/01/2032		934,340		965,431
7.50% due 05/01/2007		7,569		7,680
8.25% due 07/01/2006		48		48
9.00% due 10/01/2017		16,452		17,053
9.50% due 08/01/2020		30,282		33,276
11.75% due 12/01/2013		1,903		2,111
12.00% due 07/01/2020		10,913		11,864
				39,546,608
Federal National Mortgage
Association - 55.10%
4.5955% due 02/17/2009 (b)		1,544,000		1,518,817
5.00% TBA **		40,000,000		38,850,000
5.50% due 04/01/2018 to 05/01/2018		2,327,500		2,339,353
5.50% TBA **		33,000,000		32,731,875
6.00% due 02/01/2017		1,453,412		1,482,147
6.00% TBA **		17,000,000		17,154,054
6.50% due 02/01/2026 to 07/01/2032		2,193,955		2,266,675
6.50% TBA **		5,000,000		5,118,750
6.527% due 05/25/2030 (b)		1,158,293		1,183,644
7.00% due 07/01/2022 to 01/01/2034		1,105,052		1,144,058
7.50% due 09/01/2029 to 02/01/2031		182,693		191,352
8.00% due 06/01/2017 to 03/01/2033		483,594		516,211
8.25% due 09/01/2008		1,694		1,729
8.50% due 02/01/2009		772		794
8.50% due 08/01/2019 ***		212,368		228,144

U.S. Government Securities Fund (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
8.75% due 08/01/2009 to 10/01/2011	$	37,803	$	38,790
9.00% due 05/01/2021		8,588		9,313
11.50% due 09/15/2013 to 09/01/2019		40,983		44,753
11.75% due 12/01/2015		11,776		12,874
12.00% due 01/01/2013 to 04/20/2016		101,115		114,087
12.50% due 01/01/2013 to 09/20/2015		47,504		52,037
13.50% due 11/15/2014		27,574		30,657
				106,164,949
Government National Mortgage
Association - 0.50%
6.50% due 02/15/2034 to 09/15/2034		470,941		490,834
7.50% due 03/15/2026 to 12/15/2027		232,491		244,724
8.50% due 06/15/2025		204,465		222,259
11.00% due 09/15/2015		695		756
				958,573
U.S. GOVERNMENT AGENCY OBLIGATIONS - 77.25%
Federal Home Loan Mortgage Corp.
4.50% due 04/15/2032		240,246		217,062
5.50% due 01/15/2023		4,277,114		152,026
Federal National Mortgage Association,
Series 2003-W14, Class 2A
5.0219% due 01/25/2043 (b)		1,119,059		1,134,835
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $148,458,001)			$	148,853,000
SHORT TERM INVESTMENTS - 57.56%
Federal Home Loan Bank Discount Notes
zero coupon due 03/08/2006	$	25,000,000	$	24,978,611
United States Treasury Bills
4.23% due 03/09/2006 ***		71,000,000		70,932,629
4.245% due 03/02/2006 ***		15,000,000		14,998,231
TOTAL SHORT TERM INVESTMENTS
(Cost $110,892,851)			$	110,909,471
REPURCHASE AGREEMENTS - 15.66%
Greenwich Capital Repurchase
Agreement dated 02/28/2006 at
4.55% to be repurchased at
$30,191,815 on 03/01/2006,
collateralized by $30,770,000
Federal National Mortgage
Association, 4.75% due
12/15/2010 (valued at
$30,842,609, including interest) (c)***	$	30,188,000	$	30,188,000
TOTAL REPURCHASE AGREEMENTS
(Cost $30,188,000)			$	30,188,000
Total Investments (U.S. Government Securities Fund)
(Cost $321,061,591) - 166.72%			$	321,274,313
Liabilities in Excess of Other Assets - (66.72)%				(128,576,579)
TOTAL NET ASSETS - 100.00%			$	192,697,734

The accompanying notes are an integral part of the financial statements. 300

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. High Yield Bond Fund
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 94.19%
Advertising - 1.59%
R H Donnelley Finance Corp.
8.875% due 01/15/2016	$	780,000	$	813,150
Sheridan Group, Inc.
10.25% due 08/15/2011		1,180,000		1,222,775
Vertis, Inc.
9.75% due 04/01/2009		600,000		621,000
				2,656,925
Aerospace - 0.38%
Sequa Corp., Series B
8.875% due 04/01/2008		600,000		628,500
Aluminum - 0.07%
IMCO Recycling, Inc.
10.375% due 10/15/2010		100,000		110,000
Apparel & Textiles - 0.47%
Levi Strauss & Company
12.25% due 12/15/2012		600,000		685,500
Phillips-Van Heusen
7.25% due 02/15/2011		100,000		102,750
				788,250
Auto Parts - 1.12%
ArvinMeritor, Inc.
8.75% due 03/01/2012		130,000		127,400
Federal-Mogul Corp.
7.375% due 01/15/2006 ^		300,000		115,500
7.50% due 01/15/2009 ^		300,000		115,500
IAP Worldwide Services, Inc.
12.625% due 06/22/2013 (b)(f)		500,000		508,750
Lear Corp., Series B
5.75% due 08/01/2014		145,000		113,462
8.11% due 05/15/2009 (a)		130,000		114,725
Meritor Automotive, Inc.
6.80% due 02/15/2009		130,000		127,400
TRW Automotive, Inc.
9.375% due 02/15/2013		600,000		651,000
				1,873,737
Automobiles - 2.26%
Asbury Automotive Group, Inc.
9.00% due 06/15/2012		900,000		927,000
Ford Motor Company
7.45% due 07/16/2031 (a)		1,375,000		976,250
General Motors Corp.
8.375% due 07/15/2033 (a)		910,000		641,550
Hertz Corp., Class A
8.875% due 01/01/2014		415,000		433,675
10.50% due 01/01/2016 (a)		170,000		183,175
Sonic Automotive, Inc., Series B
8.625% due 08/15/2013		600,000		601,500
				3,763,150
Banking - 1.22%
Bombardier Capital, Inc., MTN
6.125% due 06/29/2006		800,000		799,000
Capital One Financial Corp.
7.25% due 05/01/2006		300,000		301,121

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Chevy Chase Bank
6.875% due 12/01/2013	$	900,000	$	927,000
				2,027,121
Broadcasting - 2.99%
Charter Communications Operating LLC
8.00% due 04/30/2012		700,000		705,250
8.375% due 04/30/2014		2,600,000		2,619,500
CSC Holdings, Inc.
7.25% due 07/15/2008		600,000		607,500
Fisher Communications, Inc.
8.625% due 09/15/2014		1,000,000		1,051,250
				4,983,500
Building Materials & Construction - 1.17%
Ainsworth Lumber Company, Ltd.
7.25% due 10/01/2012		600,000		561,000
Masonite International
6.21% due 04/06/2013 (b)(f)		997,487		977,667
Panolam Industries International, Inc.
10.75% due 10/01/2013		435,000		417,600
				1,956,267
Business Services - 2.62%
Affinity Group, Inc.
9.00% due 02/15/2012		300,000		300,000
CCC Information Services Group
7.07% due 02/13/2013 (b)(f)		500,000		500,000
Cornell Companies, Inc.
10.75% due 07/01/2012		600,000		634,500
SunGard Data Systems, Inc.
3.75% due 01/15/2009		125,000		116,250
4.875% due 01/15/2014		600,000		534,000
9.125% due 08/15/2013		1,000,000		1,063,750
10.25% due 08/15/2015		675,000		707,906
Williams Scotsman International, Inc.
8.50% due 10/01/2015		500,000		515,000
				4,371,406
Cable and Television - 3.89%
CCO Holdings LLC
8.6163% due 12/15/2010 (b)		600,000		600,000
8.75% due 11/15/2013		600,000		585,000
CSC Holdings, Inc.
7.875% due 12/15/2007		1,200,000		1,230,000
DirecTV Holdings LLC
6.375% due 06/15/2015		2,400,000		2,391,000
EchoStar DBS Corp.
7.125% due 02/01/2016		1,250,000		1,237,500
Videotron Ltee
6.875% due 01/15/2014		425,000		434,562
				6,478,062
Cellular Communications - 4.72%
Centennial Communications Corp.
10.00% due 01/01/2013 (a)		370,000		384,800
Dobson Cellular Systems, Inc.
8.375% due 11/01/2011		600,000		636,000
9.43% due 11/01/2011 (b)		600,000		624,000

The accompanying notes are an integral part of the financial statements. 301

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
Dobson Cellular Systems, Inc. (continued)
9.875% due 11/01/2012 (a)	$	600,000	$	655,500
Dobson Communications Corp.
8.875% due 10/01/2013		2,100,000		2,115,750
Nextel Communications, Inc.
6.875% due 10/31/2013		600,000		628,140
7.375% due 08/01/2015		600,000		634,544
Rural Cellular Corp.
8.25% due 03/15/2012		1,100,000		1,155,000
9.875% due 02/01/2010		550,000		588,500
UbiquiTel Operating Company
9.875% due 03/01/2011		400,000		440,000
				7,862,234
Chemicals - 0.57%
Equistar Chemicals LP
10.125% due 09/01/2008		205,000		220,375
Lyondell Chemical Company, Series A
9.625% due 05/01/2007		395,000		408,825
Nova Chemicals Corp.
7.561% due 11/15/2013 (b)		310,000		316,200
				945,400
Coal - 0.94%
James River Coal Company
9.375% due 06/01/2012		625,000		651,563
Massey Energy Company
6.875% due 12/15/2013		920,000		917,700
				1,569,263
Commercial Services - 0.37%
Mac-Gray Corp.
7.625% due 08/15/2015		600,000		615,000
Containers & Glass - 1.88%
Crown Cork & Seal Company, Inc.
8.00% due 04/15/2023		800,000		780,000
Crown Holdings, Inc.
7.75% due 11/15/2015		475,000		495,188
Graham Packaging Company
8.50% due 10/15/2012		600,000		611,250
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		1,200,000		1,251,000
				3,137,438
Correctional Facilities - 0.56%
Corrections Corporation of America
6.25% due 03/15/2013		600,000		595,500
6.75% due 01/31/2014		335,000		340,863
				936,363
Crude Petroleum & Natural Gas - 2.42%
AmeriGas Partners LP
7.125% due 05/20/2016		770,000		773,850
Chesapeake Energy Corp.
6.625% due 01/15/2016		600,000		609,000
6.875% due 01/15/2016		600,000		615,000
6.875% due 11/15/2020		125,000		128,437
7.50% due 09/15/2013 (a)		600,000		638,250

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
Encore Acquisition Company
6.00% due 07/15/2015	$	365,000	$	346,750
Hanover Equipment Trust, Series A
8.50% due 09/01/2008		441,000		455,333
Tesoro Corp.
6.625% due 11/01/2015		470,000		473,525
				4,040,145
Domestic Oil - 0.68%
Eagle Rock Energy
2.00% due 12/01/2012 (b)(f)		375,000		376,875
Petroleum Geo-Services
7.00% due 12/15/2012 (b)(f)		750,000		759,375
				1,136,250
Electrical Utilities - 0.40%
Nevada Power Company
5.95% due 03/15/2016		250,000		251,174
Tenaska Alabama Partners LP
7.00% due 06/30/2021		397,314		410,114
				661,288
Electronics - 1.04%
Communications & Power Industries, Inc.
8.00% due 02/01/2012		1,100,000		1,130,250
L-3 Communications Corp., Series B
6.375% due 10/15/2015		600,000		598,500
				1,728,750
Energy - 1.39%
NRG Energy, Inc.
6.57% due 01/31/2013 (b)(f)		1,500,000		1,512,195
7.25% due 02/01/2014		225,000		230,625
7.375% due 02/01/2016		550,000		566,500
				2,309,320
Financial Services - 13.12%
Alamosa Delaware, Inc.
8.50% due 01/31/2012		2,330,000		2,516,400
Ameritrade Holding Corp.
6.04% due 12/31/2012 (b)(f)		2,000,000		2,012,180
Ashton Woods USA
9.50% due 10/01/2015		500,000		470,000
Chukchansi Economic Development Authority
4.469% due 11/15/2012		125,000		128,125
8.00% due 11/15/2013		120,000		123,600
Consolidated Communications Holdings
9.75% due 04/01/2012		96,000		102,600
Dow Jones CDX HY, Series 5-T1
8.75% due 12/29/2010		6,471,630		6,617,242
Dow Jones CDX NA HY, Series 5-T2
7.25% due 12/29/2010		500,000		494,062
Ford Motor Credit Company
7.00% due 10/01/2013 (a)		1,775,000		1,559,921
7.25% due 10/25/2011		430,000		384,564
General Motors Acceptance Corp.
6.75% due 12/01/2014 (a)		800,000		706,750
6.875% due 08/28/2012		200,000		178,199

The accompanying notes are an integral part of the financial statements. 302

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
General Motors Acceptance Corp. (continued)
8.00% due 11/01/2031 (a)	$	2,410,000	$	2,200,904
H&E Equipment Finance Corp.
11.125% due 06/15/2012		425,000		473,344
Linsco Private Ledger Holding
7.736% due 06/27/2013 (b)(f)		1,750,000		1,747,813
Markwest Energy Partners LP
6.875% due 11/01/2014		300,000		282,000
Penhall International, Corp.
11.20% due 11/01/2010 (b)(f)		500,000		505,000
Stripes Acquisition LLC
10.625% due 12/15/2013		160,000		167,200
Thornburg Mortgage, Inc.
8.00% due 05/15/2013		700,000		691,250
Wolf Hollow, 1st Lien LP
6.635% due 06/19/2012 (b)(f)		500,000		504,375
				21,865,529
Food & Beverages - 1.74%
American Seafoods Group LLC
10.125% due 04/15/2010		275,000		290,812
B&G Foods Holding Corp.
8.00% due 10/01/2011 (a)		600,000		615,000
Del Monte Corp.
8.625% due 12/15/2012 (a)		600,000		639,000
Doane Pet Care Company
10.75% due 03/01/2010		200,000		215,250
Dole Food, Inc.
7.25% due 06/15/2010		600,000		577,500
Mrs. Fields Famous Brands LLC
11.50% due 03/15/2011		300,000		248,250
Pierre Foods, Inc.
9.875% due 07/15/2012 (a)		300,000		311,250
				2,897,062
Funeral Services - 0.64%
Service Corp. International
6.50% due 03/15/2008		600,000		606,000
7.00% due 06/15/2017		425,000		434,031
7.70% due 04/15/2009 (a)		25,000		26,250
				1,066,281
Gas & Pipeline Utilities - 4.70%
Colorado Interstate Gas Company
6.80% due 11/15/2015		375,000		392,647
El Paso Corp.
6.75% due 05/15/2009		300,000		302,100
7.42% due 02/15/2037		250,000		252,187
7.625% due 08/16/2007		200,000		204,250
7.75% due 01/15/2032 (a)		1,075,000		1,142,188
7.875% due 06/15/2012		1,900,000		2,014,000
Pacific Energy Partners LP
6.25% due 09/15/2015 (a)		300,000		298,500
Targa Resources, Inc.
6.34% due 08/31/2012 (b)(f)		478,639		483,426
Transmontaigne, Inc.
9.125% due 06/01/2010		600,000		616,500

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
Williams Companies, Inc.
6.375% due 10/01/2010	$	500,000	$	501,250
6.5363% due 10/01/2010 (b)		400,000		408,000
8.75% due 03/15/2032		1,000,000		1,210,000
				7,825,048
Healthcare Services - 2.05%
Healthsouth Corp.
7.375% due 10/01/2006		1,400,000		1,414,000
Matria Healthcare, Inc., Tranche B
8.75% due 01/19/2007 (b)(f)		320,513		323,718
Matria Healthcare, Inc., Tranche C
8.75% due 01/19/2012 (b)(f)		679,487		679,487
QTC Management
7.09% due 11/10/2012 (b)(f)		1,000,000		1,005,000
				3,422,205
Holdings Companies/Conglomerates - 0.60%
Central Garden & Pet Company
6.175% due 05/14/2009 (b)(f)		1,000,000		1,000,000
Homebuilders - 0.28%
Quality Home Brands
11.53% due 11/04/2012 (b)(f)		470,000		471,763
Hotels & Restaurants - 3.85%
Buffets, Inc.
11.25% due 07/15/2010		1,225,000		1,274,000
CCM Merger, Inc.
8.00% due 08/01/2013		100,000		99,500
Denny's Corp.
10.00% due 10/01/2012		1,500,000		1,567,500
Friendly Ice Cream Corp.
8.375% due 06/15/2012 (a)		280,000		261,800
Hilton Hotels Corp.
6.045% due 02/22/2011 (b)(f)		410,000		410,000
HMH Properties, Inc., Series B
7.875% due 08/01/2008		1,100,000		1,106,875
MGM MIrage, Inc.
6.50% due 07/31/2009		100,000		101,000
O'Charleys, Inc.
9.00% due 11/01/2013		1,350,000		1,387,125
Real Mex Restaurants, Inc.
10.00% due 04/01/2010		200,000		216,500
				6,424,300
Household Appliances - 0.46%
ALH Finance LLC
8.50% due 01/15/2013 (a)		600,000		579,000
Fedders North America, Inc.
9.875% due 03/01/2014		300,000		186,000
				765,000
Housing & Urban Development - 0.19%
Beazer Homes USA, Inc.
8.375% due 04/15/2012		300,000		312,000
Industrial Machinery - 0.69%
Columbus McKinnon Corp.
8.875% due 11/01/2013		200,000		210,500

The accompanying notes are an integral part of the financial statements. 303

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial Machinery (continued)
Columbus McKinnon Corp. (continued)
10.00% due 08/01/2010	$	195,000	$	214,744
JLG Industries, Inc.
8.25% due 05/01/2008		700,000		731,500
				1,156,744
Internet Content - 0.23%
Global eXchange Services, Inc.
9.08% due 07/29/2011 (b)(f)		380,000		374,300
Leisure Time - 7.07%
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012 (a)		1,050,000		1,094,625
Aztar Corp.
7.875% due 06/15/2014 (a)		400,000		416,000
Bombardier Recreational Products, Inc.
8.375% due 12/15/2013		1,100,000		1,155,000
Hard Rock Hotel, Inc.
8.875% due 06/01/2013		200,000		217,250
Majestic Star Casino LLC
9.50% due 10/15/2010 (a)		595,000		636,650
MGM Mirage, Inc.
6.00% due 10/01/2009 (a)		700,000		696,500
6.625% due 07/15/2015 (a)		550,000		552,062
8.50% due 09/15/2010 (a)		600,000		650,250
Mohegan Tribal Gaming Authority
6.125% due 02/15/2013 (a)		500,000		495,625
Penn National Gaming, Inc.
6.875% due 12/01/2011		600,000		612,000
River Rock Entertainment Authority
9.75% due 11/01/2011		600,000		649,500
San Pasqual Casino Development Group
8.00% due 09/15/2013		500,000		510,000
Speedway Motorsports, Inc.
6.75% due 06/01/2013		900,000		913,500
Station Casinos, Inc.
6.00% due 04/01/2012		800,000		800,000
6.625% due 03/15/2018		800,000		798,000
6.875% due 03/01/2016 (a)		300,000		305,250
Wynn Las Vegas LLC
6.625% due 12/01/2014 (a)		1,300,000		1,280,500
				11,782,712
Medical-Hospitals - 2.09%
HCA, Inc.
5.50% due 12/01/2009		300,000		295,192
6.75% due 07/15/2013		300,000		305,585
7.875% due 02/01/2011		1,900,000		2,030,258
Skilled Healthcare Group, Inc.
11.00% due 01/15/2014		825,000		860,063
				3,491,098
Metal & Metal Products - 0.28%
USEC, Inc.
6.75% due 01/20/2009		490,000		474,075
Office Furnishings & Supplies - 0.30%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		500,000		505,000

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount	Value
CORPORATE BONDS (continued)
Paper - 1.68%
Abitibi-Consolidated, Inc.
6.95% due 04/01/2008	$	1,293,000 $	1,271,989
Buckeye Technologies, Inc.
8.00% due 10/15/2010		300,000	293,250
Domtar, Inc.
7.125% due 08/15/2015 (a)		600,000	502,500
Neenah Paper, Inc.
7.375% due 11/15/2014		800,000	728,000
			2,795,739
Petroleum Services - 0.11%
Chaparral Energy, Inc.
8.50% due 12/01/2015		170,000	179,775
Pharmaceuticals - 0.62%
AmerisourceBergen Corp.
5.875% due 09/15/2015		405,000	407,572
Mylan Laboratories, Inc.
5.75% due 08/15/2010		200,000	199,500
Omnicare, Inc.
6.875% due 12/15/2015 (a)		420,000	428,400
			1,035,472
Publishing - 2.16%
American Media Operations, Inc.
8.875% due 01/15/2011		330,000	280,500
Dex Media East LLC
12.125% due 11/15/2012		300,000	346,125
Houghton Mifflin Company
8.25% due 02/01/2011		800,000	836,000
9.875% due 02/01/2013 (a)		600,000	654,000
Medianews Group, Inc.
6.875% due 10/01/2013		400,000	373,000
Primedia, Inc.
8.00% due 05/15/2013		600,000	537,000
8.875% due 05/15/2011		600,000	577,500
			3,604,125
Railroads & Equipment - 0.63%
Greenbrier Companies, Inc.
8.375% due 05/15/2015		200,000	210,000
8.375% due 05/15/2015		800,000	840,000
			1,050,000
Real Estate - 3.32%
BF Saul, REIT
7.50% due 03/01/2014		1,800,000	1,845,000
Capital Automotive REIT
6.12% due 12/16/2010 (b)(f)		720,000	723,002
Felcor Suites LP, REIT
7.625% due 10/01/2007		1,420,000	1,455,500
Host Marriott LP, Series M, REIT
7.00% due 08/15/2012		1,100,000	1,122,000
Kimball Hill Homes, Inc.
10.50% due 12/15/2012		410,000	393,600
			5,539,102

The accompanying notes are an integral part of the financial statements. 304

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail - 2.60%
Ferrellgas Escrow LLC
6.75% due 05/01/2014	$	500,000	$	487,500
NationsRent, Inc.
9.50% due 10/15/2010		700,000		767,375
9.50% due 05/01/2015 (a)		285,000		307,800
PEP Boys - Manny, Moe & Jack
7.50% due 12/15/2014 (a)		800,000		726,000
Sunstate Equipment Company LLC
10.50% due 04/01/2013		300,000		312,000
Toys R Us, Inc.
7.307% due 12/01/2008		1,750,000		1,737,610
				4,338,285
Retail Grocery - 0.37%
Couche-Tard US LP
7.50% due 12/15/2013		300,000		312,750
Stater Brothers Holdings, Inc.
8.125% due 06/15/2012 (a)		300,000		303,000
				615,750
Retail Trade - 1.25%
Neff Corp.
11.25% due 06/15/2012		585,000		634,725
Payless Shoesource, Inc.
8.25% due 08/01/2013		1,100,000		1,157,750
Suburban Propane Partners LP
6.875% due 12/15/2013		300,000		289,500
				2,081,975
Sanitary Services - 1.27%
Allied Waste North America, Inc.
6.50% due 11/15/2010		800,000		796,000
7.25% due 03/15/2015		200,000		203,000
7.875% due 04/15/2013		800,000		832,000
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		300,000		287,250
				2,118,250
Semiconductors - 0.80%
Avago Technologies Financial Services
10.125% due 12/01/2013		675,000		717,187
11.875% due 12/01/2015		585,000		618,638
				1,335,825
Telecommunications Equipment &
Services - 2.53%
Citizens Communications Company
7.625% due 08/15/2008		1,100,000		1,145,375
Hawaiian Telcom Communications, Inc.
12.50% due 05/01/2015 (a)		590,000		559,025
Intelsat Ltd.
5.25% due 11/01/2008		1,700,000		1,606,500
Panamsat Corp.
9.00% due 08/15/2014		700,000		738,500
Time Warner Telecom Holdings, Inc.
9.25% due 02/15/2014		150,000		161,813
				4,211,213

U.S. High Yield Bond Fund (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone - 4.60%
Cincinnati Bell, Inc.
7.00% due 02/15/2015 (a)	$	530,000	$	529,337
7.25% due 07/15/2013		600,000		620,250
GTE Hawaiian Telephone Company, Series B
7.375% due 09/01/2006		600,000		600,000
Qwest Corp.
7.625% due 06/15/2015		300,000		321,750
7.875% due 09/01/2011		600,000		642,000
8.875% due 03/15/2012		2,700,000		3,024,000
Valor Telecommunications Enterprise
7.75% due 02/15/2015		1,850,000		1,926,313
				7,663,650
Tobacco - 0.42%
RJ Reynolds Tobacco Holdings, Inc.
6.50% due 07/15/2010		700,000		703,500
Transportation - 0.79%
Bombardier, Inc.
6.75% due 05/01/2012 (a)		1,400,000		1,323,000
TOTAL CORPORATE BONDS (Cost $154,838,408)			$	157,007,147
SHORT TERM INVESTMENTS - 13.01%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	21,693,548	$	21,693,548
TOTAL SHORT TERM INVESTMENTS
(Cost $21,693,548)			$	21,693,548
REPURCHASE AGREEMENTS - 6.62%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$11,028,980 on 03/01/2006,
collateralized by $11,940,000
Federal National Mortgage
Association, 5.55% due
07/10/2028 (valued at
$11,262,531 including interest) (c)	$	11,028,000	$	11,028,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,028,000)			$	11,028,000
Total Investments (U.S. High Yield Bond Fund)
(Cost $187,559,956) - 113.82%			$	189,728,695
Liabilities in Excess of Other Assets - (13.82)%				(23,040,998)
TOTAL NET ASSETS - 100.00%			$	166,687,697
U.S. Multi Sector Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.65%
Advertising - 0.14%
Omnicom Group, Inc.		19,100	$	1,524,562
Aerospace - 1.20%
Boeing Company		19,400		1,410,186

The accompanying notes are an integral part of the financial statements. 305

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Aerospace (continued)
General Dynamics Corp.	18,100	$	2,231,187
Goodrich Corp.	30,700		1,284,488
Lockheed Martin Corp.	50,500		3,679,935
Rockwell Collins, Inc.	21,400		1,137,410
Teledyne Technologies, Inc. *	7,200		238,536
United Technologies Corp.	51,400		3,006,900
			12,988,642
Agriculture - 0.21%
Archer-Daniels-Midland Company	71,500		2,267,980
The Andersons, Inc.	900		50,625
			2,318,605
Air Freight - 0.02%
ExpressJet Holdings, Inc. *	30,800		231,616
Air Travel - 0.08%
Alaska Air Group, Inc. *	8,700		278,835
SkyWest, Inc.	20,900		605,473
			884,308
Apparel & Textiles - 0.77%
Brown Shoe, Inc.	2,800		133,560
Coach, Inc. *	5,700		203,604
Columbia Sportswear Company *	2,000		100,720
Jones Apparel Group, Inc.	49,500		1,431,540
K-Swiss, Inc., Class A	14,800		431,864
Liz Claiborne, Inc.	33,600		1,210,608
Mohawk Industries, Inc. *	32,300		2,794,273
Oakley, Inc.	28,900		439,858
Oxford Industries, Inc.	2,300		105,294
Quiksilver, Inc. *	11,300		163,850
Stride Rite Corp.	7,700		107,030
Timberland Company, Class A *	18,600		651,930
VF Corp.	10,700		586,360
Weyco Group, Inc.	2,000		38,580
			8,399,071
Auto Parts - 0.82%
American Axle & Manufacturing Holdings, Inc.	10,300		167,066
AutoZone, Inc. *	32,900		3,180,772
CSK Auto Corp. *	13,900		221,149
Genuine Parts Company	67,400		3,000,648
Johnson Controls, Inc.	7,600		541,652
Keystone Automotive Industries, Inc. *	2,400		106,080
Lear Corp.	12,400		258,664
O'Reilly Automotive, Inc. *	35,600		1,164,832
TRW Automotive Holdings Corp. *	9,900		253,440
			8,894,303
Auto Services - 0.34%
AutoNation, Inc. *	164,800		3,445,968
Dollar Thrifty Automotive Group, Inc. *	3,800		153,444
Lithia Motors, Inc., Class A	3,700		118,548
			3,717,960

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Automobiles - 0.68%
Ford Motor Company	423,100	$	3,372,107
General Motors Corp.	59,900		1,216,569
PACCAR, Inc.	36,800		2,571,216
United Auto Group, Inc.	5,200		224,848
			7,384,740
Banking - 0.38%
Anchor BanCorp Wisconsin, Inc.	2,800		85,260
BancFirst Corp.	100		8,460
BB&T Corp.	12,700		502,031
Comerica, Inc.	9,000		515,880
First Indiana Corp.	5,000		137,950
Macatawa Bank Corp.	900		32,895
National City Corp.	50,200		1,746,960
Northern Trust Corp.	15,400		811,888
Park National Corp.	100		10,490
Republic Bancorp, Inc., Class A	400		8,000
Wilmington Trust Corp.	6,200		265,422
			4,125,236
Biotechnology - 0.94%
Applera Corp.	19,900		562,573
Genentech, Inc. *	111,000		9,511,590
Millipore Corp. *	1,500		103,995
			10,178,158
Broadcasting - 0.01%
Sinclair Broadcast Group, Inc., Class A	7,900		56,801
Building Materials & Construction - 0.51%
American Standard Companies, Inc.	72,500		2,869,550
Eagle Materials, Inc.	9,600		519,648
Lennox International, Inc.	17,900		575,485
LSI Industries, Inc.	11,100		172,494
Masco Corp.	44,000		1,372,360
			5,509,537
Business Services - 1.87%
Administaff, Inc.	7,000		332,150
Affiliated Computer Services, Inc., Class A *	49,500		3,114,540
Cadence Design Systems, Inc. *	5,900		104,725
Catalina Marketing Corp.	6,100		135,298
CDI Corp.	2,500		61,225
Compucredit Corp. *	21,700		820,260
CSG Systems International, Inc. *	7,600		167,048
Deluxe Corp.	11,800		292,286
DST Systems, Inc. *	3,400		191,182
Equifax, Inc.	32,900		1,205,456
FactSet Research Systems, Inc.	14,100		552,015
Fair Isaac Corp.	17,000		724,540
First Data Corp.	54,100		2,441,533
Forrester Research, Inc. *	3,200		72,352
H & R Block, Inc.	16,100		359,030
Hudson Highland Group, Inc. *	10,500		174,195
Jacobs Engineering Group, Inc. *	12,300		1,054,602

The accompanying notes are an integral part of the financial statements. 306

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Lightbridge, Inc. *	10,600	$	103,986
MAXIMUS, Inc.	5,800		211,758
Moody's Corp.	29,600		1,983,200
NCR Corp. *	9,300		372,837
Paychex, Inc.	8,100		324,405
Pitney Bowes, Inc.	91,600		3,914,984
Pre-Paid Legal Services, Inc.	10,800		389,988
Robert Half International, Inc.	5,400		193,968
SOURCECORP, Inc. *	3,300		84,480
Syntel, Inc.	600		10,200
Tech Data Corp. *	21,700		901,201
			20,293,444
Cable and Television - 0.01%
Time Warner Telecom, Inc., Class A *	9,800		123,774
Cellular Communications - 0.49%
Brightpoint, Inc. *	33,600		950,544
Motorola, Inc.	205,100		4,389,140
			5,339,684
Chemicals - 0.12%
Air Products & Chemicals, Inc.	19,700		1,263,952
Colleges & Universities - 0.08%
Apollo Group, Inc., Class A *	1,200		59,256
ITT Educational Services, Inc. *	13,400		830,800
			890,056
Commercial Services - 0.01%
Cenveo, Inc. *	6,700		94,403
Vertrue, Inc. *	1,000		44,060
			138,463
Computers & Business Equipment - 4.44%
Apple Computer, Inc. *	4,800		328,992
CDW Corp.	8,300		471,938
Dell, Inc. *	669,500		19,415,500
Diebold, Inc.	32,200		1,288,000
Hewlett-Packard Company	708,500		23,245,885
Ingram Micro, Inc., Class A *	52,800		1,044,384
Lexmark International, Inc. *	22,600		1,064,234
MTS Systems Corp.	2,500		98,800
Rimage Corp. *	2,500		54,450
Sybase, Inc. *	23,200		494,856
Sykes Enterprises, Inc. *	14,900		198,468
Western Digital Corp. *	21,700		482,825
			48,188,332
Construction & Mining Equipment - 0.02%
Kaman Corp., Class A	8,100		183,951
Construction Materials - 0.54%
EMCOR Group, Inc. *	9,400		409,746
Florida Rock Industries, Inc.	18,100		1,042,741
Granite Construction, Inc.	6,100		282,735
Lafarge Corp.	400		33,148
Martin Marietta Materials, Inc.	20,600		2,008,500

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials (continued)
Simpson Manufacturing, Inc.	9,100	$	355,719
Universal Forest Products, Inc.	7,500		463,725
USG Corp. *	12,500		1,056,000
Vulcan Materials Company	2,800		221,200
			5,873,514
Containers & Glass - 0.07%
Greif, Inc., Class A	5,200		301,132
Owens-Illinois, Inc. *	24,400		457,256
			758,388
Cosmetics & Toiletries - 0.29%
Colgate-Palmolive Company	49,400		2,691,312
Nature's Sunshine Products, Inc.	7,600		128,972
Playtex Products, Inc. *	29,400		308,700
			3,128,984
Crude Petroleum & Natural Gas - 1.99%
Amerada Hess Corp.	7,400		1,023,494
Apache Corp.	14,600		977,032
Burlington Resources, Inc.	55,000		4,959,900
Devon Energy Corp.	70,200		4,115,826
Helmerich & Payne, Inc.	3,100		203,887
Marathon Oil Corp.	46,000		3,247,600
Occidental Petroleum Corp.	37,500		3,432,750
Pogo Producing Company	9,400		468,684
Sunoco, Inc.	42,400		3,141,840
			21,571,013
Domestic Oil - 0.06%
Houston Exploration Company *	2,000		115,680
McMoran Exploration Company *	4,800		84,912
St. Mary Land & Exploration Company	11,900		456,841
			657,433
Drugs & Health Care - 1.03%
Meridian Bioscience, Inc.	12,300		274,167
Vital Signs, Inc.	300		15,318
Wyeth	217,800		10,846,440
			11,135,925
Electrical Equipment - 0.31%
American Power Conversion Corp.	53,200		1,086,876
Cohu, Inc.	4,000		84,480
Emerson Electric Company	11,900		973,539
Genlyte Group, Inc. *	11,500		711,620
Watsco, Inc.	7,700		536,074
			3,392,589
Electrical Utilities - 0.98%
Allete, Inc.	3,600		168,012
Black Hills Corp.	7,300		252,361
CenterPoint Energy, Inc.	45,200		586,244
CMS Energy Corp. *	7,000		98,560
Constellation Energy Group, Inc.	8,800		516,912
Edison International	30,100		1,335,236
Exelon Corp.	58,700		3,352,357

The accompanying notes are an integral part of the financial statements. 307

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
FirstEnergy Corp.	29,500	$	1,506,860
The AES Corp. *	120,100		2,077,730
TXU Corp.	14,000		733,460
			10,627,732
Electronics - 0.48%
Agilent Technologies, Inc. *	24,100		867,600
Amphenol Corp., Class A	13,300		668,059
Arrow Electronics, Inc. *	9,100		316,589
Avnet, Inc. *	46,600		1,171,058
Bell Microproducts, Inc. *	5,200		31,252
Imation Corp.	7,300		320,105
Jabil Circuit, Inc. *	11,000		416,350
Synopsys, Inc. *	44,000		962,280
Teleflex, Inc.	7,600		491,340
			5,244,633
Financial Services - 5.28%
A.G. Edwards, Inc.	19,000		849,300
Asset Acceptance Capital Corp. *	2,200		43,978
Charles Schwab Corp.	206,200		3,342,502
Citigroup, Inc.	54,300		2,517,891
Countrywide Financial Corp.	2,600		89,648
E*TRADE Financial Corp. *	19,400		496,252
Federal Home Loan Mortgage Corp.	42,700		2,877,553
Federal National Mortgage Association	410,500		22,446,140
Federated Investors, Inc., Class B	3,800		147,782
Fiserv, Inc. *	39,600		1,643,400
Franklin Resources, Inc.	29,900		3,070,132
Investment Technology Group, Inc. *	7,400		336,552
ITLA Capital Corp. *	1,300		60,164
Legg Mason, Inc.	15,600		2,037,204
Lehman Brothers Holdings, Inc.	18,100		2,641,695
Nelnet, Inc., Class A *	2,500		103,625
PNC Financial Services Group, Inc.	20,600		1,449,210
State Street Corp. (c)	30,000		1,874,400
Student Loan Corp.	2,900		636,521
Taylor Capital Group, Inc.	800		30,200
TD Ameritrade Holding Corp. *	53,300		1,159,808
United Panam Financial Corp. *	2,600		69,940
Washington Mutual, Inc.	213,100		9,099,370
Westcorp, Inc.	4,700		337,695
			57,360,962
Food & Beverages - 2.55%
Chiquita Brands International, Inc.	18,000		309,960
Dean Foods Company *	29,800		1,116,606
Flowers Foods, Inc.	11,400		313,500
General Mills, Inc.	2,400		118,200
Hormel Foods Corp.	2,600		89,518
Kraft Foods, Inc., Class A	72,000		2,166,480
National Beverage Corp. *	400		3,456
Pepsi Bottling Group, Inc.	15,200		446,272
PepsiCo, Inc.	48,300		2,855,013

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
Performance Food Group Company *	12,500	$	367,125
Sanderson Farms, Inc.	11,800		275,176
Sara Lee Corp.	113,400		2,003,778
Sensient Technologies Corp.	6,700		120,064
Starbucks Corp. *	140,900		5,117,488
The Coca-Cola Company	265,000		11,122,050
Tyson Foods, Inc., Class A	85,400		1,155,462
USANA Health Sciences, Inc. *	3,600		155,340
			27,735,488
Furniture & Fixtures - 0.02%
Furniture Brands International, Inc.	4,700		116,184
La-Z-Boy, Inc.	6,900		110,055
			226,239
Gas & Pipeline Utilities - 0.18%
Kinder Morgan, Inc.	9,100		844,298
Questar Corp.	15,700		1,150,025
			1,994,323
Healthcare Products - 4.28%
Baxter International, Inc.	2,800		105,980
C.R. Bard, Inc.	5,000		327,450
Computer Programs & Systems, Inc.	7,400		340,104
Johnson & Johnson	770,200		44,402,030
Medtronic, Inc.	12,500		674,375
Owens & Minor, Inc.	13,400		427,326
Patterson Companies, Inc. *	2,300		82,892
St. Jude Medical, Inc. *	2,100		95,760
			46,455,917
Healthcare Services - 8.20%
AMERIGROUP Corp. *	16,600		355,074
AMN Healthcare Services, Inc. *	3,400		70,516
Cardinal Health, Inc.	146,100		10,606,860
Express Scripts, Inc. *	89,300		7,793,211
HCA, Inc.	17,100		819,090
Health Net, Inc. *	43,100		2,066,645
Humana, Inc. *	49,900		2,578,333
Kindred Healthcare, Inc. *	4,200		90,804
Lincare Holdings, Inc. *	62,500		2,556,250
McKesson Corp.	265,100		14,349,863
Medco Health Solutions, Inc. *	1,800		100,296
National Healthcare Corp.	700		28,385
Omnicare, Inc.	2,100		127,785
Quest Diagnostics, Inc.	15,000		793,050
UnitedHealth Group, Inc.	740,700		43,130,961
Weight Watchers International, Inc. *	33,600		1,762,992
Wellpoint, Inc. *	23,626		1,814,241
			89,044,356
Holdings Companies/Conglomerates - 0.23%
Loews Corp.	27,500		2,537,150
Homebuilders - 2.03%
Centex Corp.	40,400		2,731,444

The accompanying notes are an integral part of the financial statements. 308

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders (continued)
D.R. Horton, Inc.	13,800	$	470,718
Hovnanian Enterprises, Inc., Class A *	1,900		87,609
KB Home	69,900		4,685,397
Lennar Corp., Class A	31,500		1,885,590
M.D.C. Holdings, Inc.	28,000		1,716,120
NVR, Inc. *	3,600		2,710,800
Pulte Homes, Inc.	95,900		3,683,519
Ryland Group, Inc.	42,400		2,957,400
Schottenstein Homes, Inc.	10,700		450,684
Standard Pacific Corp.	12,000		394,200
William Lyon Homes, Inc. *	3,000		255,300
			22,028,781
Hotels & Restaurants - 1.99%
Ameristar Casinos, Inc.	1,100		24,299
Applebee's International, Inc.	53,600		1,240,304
Brinker International, Inc.	32,700		1,361,955
CBRL Group, Inc.	27,800		1,235,154
Darden Restaurants, Inc.	93,000		3,900,420
Jack In the Box, Inc. *	16,000		640,000
Marriott International, Inc., Class A	36,700		2,510,280
McDonald's Corp.	95,100		3,319,941
Papa Johns International, Inc. *	35,500		1,167,950
Ryan's Restaurant Group, Inc. *	14,600		192,866
Sonic Corp. *	19,800		625,878
Wendy's International, Inc.	51,400		2,976,060
Yum! Brands, Inc.	49,700		2,370,690
			21,565,797
Household Appliances - 0.55%
Black & Decker Corp.	10,000		855,800
Whirlpool Corp.	56,900		5,109,051
			5,964,851
Household Products - 0.45%
Blyth, Inc.	18,300		407,724
Energizer Holdings, Inc. *	9,300		508,059
Fortune Brands, Inc.	12,400		961,620
Newell Rubbermaid, Inc.	102,500		2,549,175
Tupperware Corp.	20,200		428,038
			4,854,616
Industrial Machinery - 0.77%
Badger Meter, Inc.	300		16,032
Caterpillar, Inc.	54,900		4,012,092
Circor International, Inc.	400		11,040
Flowserve Corp. *	11,400		585,960
ITT Industries, Inc.	15,600		819,000
NACCO Industries, Inc., Class A	2,300		319,240
Terex Corp. *	1,400		110,810
W.W. Grainger, Inc.	34,100		2,524,764
			8,398,938
Industrials - 0.01%
Lawson Products, Inc.	2,700		95,553

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance - 7.99%
21st Century Insurance Group	1,900	$	30,780
Aetna, Inc.	11,400		581,400
AFLAC, Inc.	206,000		9,527,500
Allstate Corp.	71,700		3,927,726
Ambac Financial Group, Inc.	40,100		3,013,515
American Financial Group, Inc.	7,800		322,920
American International Group, Inc.	101,100		6,708,996
Amerus Group Company	13,500		813,375
Aon Corp.	59,300		2,348,873
Brown & Brown, Inc.	26,600		831,782
Chubb Corp.	39,500		3,782,125
CIGNA Corp.	52,800		6,481,200
Commerce Group, Inc.	6,900		372,669
Conseco, Inc. *	38,500		956,340
Erie Indemnity Company, Class A	7,000		371,490
Fidelity National Financial, Inc.	60,700		2,292,032
First American Corp.	43,700		1,842,392
Great American Financial Resources, Inc.	700		13,846
Hanover Insurance Group, Inc.	16,600		804,270
Hartford Financial Services Group, Inc.	18,400		1,515,792
HCC Insurance Holdings, Inc.	21,000		675,990
Jefferson-Pilot Corp.	35,500		2,138,875
LandAmerica Financial Group, Inc.	10,900		727,030
Lincoln National Corp.	29,600		1,680,392
Marsh & McLennan Companies, Inc.	27,800		859,298
MBIA, Inc.	25,900		1,521,366
MetLife, Inc.	36,500		1,829,380
MGIC Investment Corp.	38,700		2,467,125
National Western Life Insurance Company,
Class A *	900		200,754
Old Republic International Corp.	115,975		2,469,108
PMI Group, Inc.	21,300		922,290
Presidential Life Corp.	4,200		92,022
Principal Financial Group, Inc.	13,100		638,232
Progressive Corp.	69,100		7,424,795
Protective Life Corp.	14,700		716,625
Prudential Financial, Inc.	34,400		2,650,176
Radian Group, Inc.	12,600		715,050
Safety Insurance Group, Inc.	2,000		86,460
St. Paul Travelers Companies, Inc.	95,600		4,108,888
Stancorp Financial Group, Inc.	23,400		1,265,940
State Auto Financial Corp.	1,200		39,096
Stewart Information Services Corp.	8,700		408,465
Torchmark, Inc.	49,300		2,695,231
Transatlantic Holdings, Inc.	6,000		366,840
Triad Guaranty, Inc. *	2,400		108,936
United Fire & Casualty Company	7,500		268,425
Universal American Financial Corp. *	26,000		393,900
UnumProvident Corp.	94,400		1,953,136
W.R. Berkley Corp.	10,700		619,423
Zenith National Insurance Corp.	3,100		159,650
			86,741,921

The accompanying notes are an integral part of the financial statements. 309

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil - 1.48%
Anadarko Petroleum Corp.	77,700	$	7,704,732
ConocoPhillips	136,900		8,345,424
			16,050,156
Internet Content - 0.00%
Schawk, Inc., Class A	1,500		37,275
Internet Service Provider - 0.34%
Earthlink, Inc. *	8,800		87,296
Google, Inc., Class A *	9,800		3,553,676
			3,640,972
Leisure Time - 0.18%
Bluegreen Corp. *	4,600		73,002
MGM Mirage, Inc. *	23,300		861,401
Polaris Industries, Inc.	16,600		830,830
SCP Pool Corp.	3,300		143,451
			1,908,684
Life Sciences - 0.06%
Pharmaceutical Product Development, Inc. *	10,100		702,859
Liquor - 0.09%
Brown Forman Corp., Class B	14,300		1,006,148
Manufacturing - 0.79%
AptarGroup, Inc.	500		26,525
Barnes Group, Inc.	3,200		122,816
Harley-Davidson, Inc.	144,600		7,592,946
Rockwell Automation, Inc.	700		47,719
SPX Corp.	16,200		797,850
			8,587,856
Medical-Hospitals - 0.02%
Health Management Associates, Inc., Class A	600		12,774
Universal Health Services, Inc., Class B	3,000		150,690
			163,464
Metal & Metal Products - 0.07%
Crown Holdings, Inc. *	3,800		69,540
Quanex Corp.	3,500		217,245
Reliance Steel & Aluminum Company	5,700		469,623
			756,408
Mining - 0.02%
Lincoln Electric Holding, Inc.	4,900		226,184
Mobile Homes - 0.11%
Thor Industries, Inc.	17,000		802,400
Winnebago Industries, Inc.	11,500		369,380
			1,171,780
Office Furnishings & Supplies - 0.44%
Herman Miller, Inc.	9,200		277,748
HNI Corp.	9,700		565,413
Office Depot, Inc. *	105,400		3,760,672
The Standard Register Company	7,600		124,792
			4,728,625
Petroleum Services - 0.73%
Baker Hughes, Inc.	11,800		802,046

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
BJ Services Company	5,400	$	169,074
Exxon Mobil Corp.	105,600		6,269,472
Halliburton Company	10,600		720,800
			7,961,392
Pharmaceuticals - 6.77%
Abbott Laboratories	183,300		8,098,194
Allergan, Inc.	9,700		1,050,122
AmerisourceBergen Corp.	99,600		4,580,604
Barr Pharmaceuticals, Inc. *	25,900		1,739,962
Forest Laboratories, Inc. *	116,300		5,338,170
Merck & Company, Inc.	492,600		17,172,036
Pfizer, Inc.	1,353,200		35,440,308
Watson Pharmaceuticals, Inc. *	3,600		107,928
			73,527,324
Photography - 0.32%
Eastman Kodak Company	124,600		3,495,030
Publishing - 0.09%
Gannett Company, Inc.	12,600		783,216
Valassis Communications, Inc. *	6,000		165,300
			948,516
Railroads & Equipment - 0.51%
Burlington Northern Santa Fe Corp.	39,800		3,129,872
CSX Corp.	8,100		448,578
Union Pacific Corp.	21,500		1,903,825
Wabtec Corp.	3,200		105,696
			5,587,971
Real Estate - 0.04%
CBL & Associates Properties, Inc., REIT	8,900		379,140
Retail Grocery - 2.46%
Albertsons, Inc.	97,200		2,472,768
Ingles Markets, Inc.	7,000		115,570
Nash-Finch Company	16,200		502,200
Ruddick Corp.	10,400		251,472
Safeway, Inc.	260,200		6,325,462
SUPERVALU, Inc.	108,700		3,434,920
Sysco Corp.	120,600		3,628,854
The Kroger Company *	481,100		9,641,244
Weis Markets, Inc.	500		22,330
Whole Foods Market, Inc.	5,100		325,788
			26,720,608
Retail Trade - 12.33%
Abercrombie & Fitch Company, Class A	47,200		3,177,504
Advance Auto Parts, Inc. *	19,700		814,595
Barnes & Noble, Inc.	6,900		297,183
Bed Bath & Beyond, Inc. *	163,300		5,885,332
Best Buy Company, Inc.	21,100		1,136,446
BJ's Wholesale Club, Inc. *	28,300		895,978
Bon-Ton Stores, Inc.	2,300		62,606
Burlington Coat Factory Warehouse Corp.	6,800		306,272
Casey's General Stores, Inc.	7,700		201,971

The accompanying notes are an integral part of the financial statements. 310

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Cato Corp., Class A	17,700	$	369,399
Charlotte Russe Holding, Inc. *	6,500		118,300
Chico's FAS, Inc. *	35,000		1,646,750
Claire's Stores, Inc.	9,700		310,788
Costco Wholesale Corp.	35,100		1,799,928
Dollar General Corp.	143,900		2,506,738
Dollar Tree Stores, Inc. *	4,800		131,616
Family Dollar Stores, Inc.	41,700		1,072,524
Federated Department Stores, Inc.	10,800		767,232
Fossil, Inc. *	14,200		241,684
Hibbett Sporting Goods, Inc. *	6,800		218,144
Home Depot, Inc.	1,169,700		49,302,855
Hot Topic, Inc. *	32,900		433,622
Longs Drug Stores Corp.	22,400		859,488
Lowe's Companies, Inc.	482,600		32,903,668
Nordstrom, Inc.	49,400		1,877,200
Pacific Sunwear of California, Inc. *	3,800		90,478
Pantry, Inc. *	10,300		609,451
Payless ShoeSource, Inc. *	16,100		381,570
Retail Ventures, Inc. *	5,500		72,930
Ross Stores, Inc.	58,700		1,662,384
Sonic Automotive, Inc.	13,400		354,966
Staples, Inc.	30,500		748,470
Steven Madden, Ltd.	6,600		211,530
Talbots, Inc.	16,900		450,554
The Buckle, Inc.	4,100		156,825
The Men's Wearhouse, Inc. *	34,500		1,080,540
The TJX Companies, Inc.	79,400		1,944,506
Tiffany & Co.	15,500		575,515
Too, Inc. *	2,600		79,118
United Rentals, Inc. *	12,700		414,020
Walgreen Company	327,200		14,678,192
Wal-Mart Stores, Inc.	66,100		2,998,296
			133,847,168
Semiconductors - 3.10%
Applied Materials, Inc.	47,100		863,814
Broadcom Corp., Class A *	12,450		561,370
Emulex Corp. *	24,600		437,880
Intel Corp.	907,700		18,698,620
International Rectifier Corp. *	5,500		204,050
Micrel, Inc. *	28,900		403,733
Microchip Technology, Inc.	11,100		390,720
National Semiconductor Corp.	48,400		1,357,620
NVIDIA Corp. *	13,700		645,681
QLogic Corp. *	38,400		1,579,776
Silicon Laboratories, Inc. *	2,000		95,960
Texas Instruments, Inc.	282,200		8,423,670
			33,662,894
Shipbuilding - 0.00%
Maritrans, Inc.	1,700		38,692

U.S. Multi Sector Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software - 1.10%
Adobe Systems, Inc.	122,300	$	4,723,226
BEA Systems, Inc. *	77,200		885,484
BMC Software, Inc. *	18,400		402,408
Citrix Systems, Inc. *	26,600		860,776
Compuware Corp. *	12,600		103,446
Intuit, Inc. *	25,200		1,224,216
JDA Software Group, Inc. *	7,700		105,721
Mantech International Corp. *	3,500		98,350
MRO Software, Inc. *	1,800		26,532
Neoware Systems, Inc. *	5,400		132,462
Oracle Corp. *	241,600		3,000,672
THQ, Inc. *	9,200		220,800
Transaction Systems Architects, Inc., Class A *	5,300		176,808
			11,960,901
Telecommunications Equipment &
Services - 0.72%
ADTRAN, Inc.	12,800		352,256
Corning, Inc. *	171,200		4,178,992
Intrado, Inc. *	3,500		89,810
QUALCOMM, Inc.	67,000		3,163,070
			7,784,128
Telephone - 5.68%
ALLTEL Corp.	130,700		8,253,705
AT&T Corp.	668,900		18,454,951
BellSouth Corp.	75,800		2,393,764
CenturyTel, Inc.	28,200		1,014,636
Harris Corp.	16,200		740,016
TALK America Holdings, Inc. *	3,800		32,414
Verizon Communications, Inc.	913,300		30,778,210
			61,667,696
Tires & Rubber - 0.04%
Goodyear Tire & Rubber Company *	30,000		429,900
Tobacco - 2.93%
Altria Group, Inc.	416,800		29,967,920
Universal Corp.	10,200		414,834
UST, Inc.	35,600		1,384,128
			31,766,882
Toys, Amusements & Sporting Goods - 0.04%
Mattel, Inc.	24,900		419,565
Transportation - 0.46%
C.H. Robinson Worldwide, Inc.	46,900		2,102,058
Expeditors International of Washington, Inc.	27,800		2,162,562
Laidlaw International, Inc.	9,700		267,720
Pacer International, Inc.	14,200		452,270
			4,984,610
Trucking & Freight - 0.31%
Fedex Corp.	22,600		2,423,624
Oshkosh Truck Corp.	5,200		294,996

The accompanying notes are an integral part of the financial statements. 311

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Trucking & Freight (continued)
Swift Transportation, Inc. *		29,200	$	696,128
				3,414,748
TOTAL COMMON STOCKS (Cost $978,686,523)			$	1,027,607,874
SHORT TERM INVESTMENTS - 0.26%
United States Treasury Bills
3.81% due 03/23/2006 ****	$	2,800,000	$	2,792,574
TOTAL SHORT TERM INVESTMENTS
(Cost $2,793,263)			$	2,792,574
REPURCHASE AGREEMENTS - 4.95%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$53,819,784 on 03/01/2006,
collateralized by $54,755,000
Federal Home Loan Mortgage,
5.25% due 10/19/2015 (valued at
$54,891,888, including interest) (c)	$	53,815,000	$	53,815,000
TOTAL REPURCHASE AGREEMENTS
(Cost $53,815,000)			$	53,815,000
Total Investments (U.S. Multi Sector Fund)
(Cost $1,035,294,786) - 99.86%			$	1,084,215,448
Other Assets in Excess of Liabilities - 0.14%				1,487,685
TOTAL NET ASSETS - 100.00%			$	1,085,703,133
Value & Restructuring Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.95%
Advertising - 0.51%
The Interpublic Group of Companies, Inc. *		86,421	$	895,322
Aerospace - 2.63%
Empresa Brasileira de Aeronautica SA, ADR		59,714		2,373,632
United Technologies Corp.		38,766		2,267,811
				4,641,443
Air Travel - 1.70%
Copa Holdings SA, Class A *		8,973		206,828
Gol Linhas Aereas Inteligentes SA, ADR		85,174		2,793,707
				3,000,535
Banking - 0.52%
Doral Financial Corp.		81,418		908,625
Broadcasting - 3.37%
CBS Corp., Class B		62,865		1,537,678
Liberty Media Corp., Series A *		88,418		728,564
XM Satellite Radio Holdings, Inc., Class A *		166,465		3,677,212
				5,943,454
Building Materials & Construction - 0.78%
Eagle Materials, Inc., Class B		25,602		1,374,571

Value & Restructuring Fund (continued)
	Shares or
	Principal
	Amount	Value
COMMON STOCKS (continued)
Business Services - 1.47%
Cendant Corp.	96,100 $	1,597,182
Deluxe Corp.	39,895	988,199
		2,585,381
Cable and Television - 0.90%
EchoStar Communications Corp., Class A *	54,065	1,587,889
Cellular Communications - 3.05%
America Movil S.A. de C.V., Series L	155,175	5,389,228
Chemicals - 4.01%
Celanese Corp., Series A	84,162	1,801,067
CF Industries Holdings, Inc.	58,971	1,039,069
Lanxess AG *	38,404	1,330,005
PPG Industries, Inc.	35,268	2,138,299
Tronox, Inc.	50,708	775,832
		7,084,272
Coal - 3.50%
CONSOL Energy, Inc.	64,533	4,131,403
Foundation Coal Holdings, Inc.	43,751	1,750,040
International Coal Group, Inc. *	35,231	301,225
		6,182,668
Computers & Business Equipment - 0.49%
International Business Machines Corp.	10,860	871,406
Construction Materials - 1.79%
Lafarge Corp.	38,173	3,163,397
Cosmetics & Toiletries - 0.82%
Avon Products, Inc.	49,861	1,438,490
Crude Petroleum & Natural Gas - 6.20%
Burlington Resources, Inc.	49,068	4,424,952
CNX Gas Corp. *	6,750	145,395
Devon Energy Corp.	67,684	3,968,313
Mariner Energy LLC *	37,240	763,420
W&T Offshore, Inc.	41,895	1,630,135
		10,932,215
Domestic Oil - 1.41%
Noble Energy, Inc.	59,124	2,485,573
Drugs & Health Care - 0.57%
Wyeth	20,120	1,001,976
Electrical Utilities - 1.71%
CenterPoint Energy, Inc.	32,931	427,115
Enel SpA	144,443	1,200,218
Public Service Enterprise Group, Inc.	20,149	1,398,139
		3,025,472
Electronics - 1.88%
Harman International Industries, Inc.	30,000	3,310,500
Energy - 1.51%
Duke Energy Corp.	38,806	1,102,090
Rosetta Resources, Inc. *	86,842	1,563,156
		2,665,246

The accompanying notes are an integral part of the financial statements. 312

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Value & Restructuring Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services - 11.16%
Amvescap PLC	80,906	$	1,542,068
CIT Group, Inc.	23,474		1,262,197
Citigroup, Inc.	58,191		2,698,317
Federal Home Loan Mortgage Corp.	35,618		2,400,297
Friedman, Billings, Ramsey Group, Inc.	79,038		787,218
JPMorgan Chase & Company	53,636		2,206,585
Lehman Brothers Holdings, Inc.	20,041		2,924,984
Morgan Stanley	48,858		2,914,868
PNC Financial Services Group, Inc.	24,826		1,746,509
Washington Mutual, Inc.	28,398		1,212,595
			19,695,638
Food & Beverages - 2.98%
ConAgra Foods, Inc.	57,439		1,207,942
Dean Foods Company *	71,502		2,679,180
Kraft Foods, Inc., Class A	30,190		908,417
Vintage Wine Trust, Inc.	46,550		465,500
			5,261,039
Furniture & Fixtures - 0.76%
Leggett & Platt, Inc.	57,056		1,339,675
Healthcare Products - 1.33%
Baxter International, Inc.	62,200		2,354,270
Healthcare Services - 1.08%
HCA, Inc.	39,904		1,911,402
Holdings Companies/Conglomerates - 1.16%
Loews Corp.	22,257		2,053,431
Homebuilders - 2.97%
Centex Corp.	77,607		5,247,009
Hotels & Restaurants - 0.25%
Morgans Hotel Group Co. *	22,740		443,430
Household Appliances - 2.96%
Black & Decker Corp.	60,990		5,219,524
Household Products - 1.09%
Newell Rubbermaid, Inc.	77,533		1,928,246
Industrial Machinery - 0.75%
AGCO Corp. *	67,347		1,316,634
Insurance - 4.54%
ACE, Ltd.	52,637		2,933,460
Marsh & McLennan Companies, Inc.	50,745		1,568,528
MetLife, Inc.	44,469		2,228,786
People's Choice *	60,727		333,999
Primus Guaranty, Ltd. *	75,243		940,537
			8,005,310
International Oil - 4.01%
ConocoPhillips	41,042		2,501,920
Petroleo Brasileiro SA, ADR *	52,281		4,576,679
			7,078,599
Investment Companies - 1.27%
Apollo Investment Corp.	55,562		1,044,010

Value & Restructuring Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Investment Companies (continued)
MCG Capital Corp.	78,231	$	1,196,934
			2,240,944
Manufacturing - 1.04%
Tyco International, Ltd.	71,201		1,836,274
Metal & Metal Products - 1.18%
Southern Copper Corp.	26,115		2,080,060
Mining - 0.58%
Alpha Natural Resources, Inc. *	47,492		1,014,904
Petroleum Services - 1.37%
PetroHawk Energy Corp. *	40,200		507,726
TODCO *	56,741		1,901,958
			2,409,684
Pharmaceuticals - 1.77%
AmerisourceBergen Corp.	54,862		2,523,103
Bristol-Myers Squibb Company	26,360		608,916
			3,132,019
Railroads & Equipment - 1.74%
Union Pacific Corp.	34,663		3,069,409
Real Estate - 2.07%
DiamondRock Hospitality Company	79,718		1,022,782
Fieldstone Investment Corp., REIT	43,449		514,436
Host Marriott Corp., REIT	48,115		934,874
Saxon Capital, Inc., REIT	22,726		226,124
Taberna Realty Finance Trust, REIT	10,654		141,166
Ventas, Inc., REIT	26,079		808,449
			3,647,831
Retail Trade - 4.01%
The TJX Companies, Inc.	77,488		1,897,681
United Rentals, Inc. *	105,552		3,440,995
Zale Corp. *	66,720		1,738,056
			7,076,732
Telecommunications Equipment &
Services - 1.72%
Nokia Oyj, SADR	87,671		1,628,927
Plantronics, Inc.	40,845		1,411,603
			3,040,530
Telephone - 4.21%
Harris Corp.	107,037		4,889,450
Sprint Corp.	73,990		1,777,980
Valor Communications Group, Inc.	61,837		763,687
			7,431,117
Tobacco - 1.63%
Loews Corp. - Carolina Group	60,456		2,871,055
Transportation - 0.47%
Aries Maritime Transport, Ltd.	16,428		231,799
Arlington Tankers, Ltd.	26,326		601,549
			833,348

The accompanying notes are an integral part of the financial statements. 313

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Value & Restructuring Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Trucking & Freight - 1.03%
Ryder Systems, Inc.		41,042	$	1,819,802
TOTAL COMMON STOCKS (Cost $155,589,335)			$	172,845,579
PREFERRED STOCKS - 1.01%
Chemicals - 0.27%
Celanese Corp. *		15,516		471,299
Financial Services - 0.74%
Ford Motor Company Capital Trust II *		43,356		1,313,687
TOTAL PREFERRED STOCKS (Cost $1,740,364)			$	1,784,986
REPURCHASE AGREEMENTS - 0.95%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$1,678,149 on 03/01/2006,
collateralized by $1,740,000
Federal Home Loan Bank, 6.00%
due 11/15/2024 (valued at
$1,713,900, including interest) (c)	$	1,678,000	$	1,678,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,678,000)			$	1,678,000
Total Investments (Value & Restructuring Fund)
(Cost $159,007,699) - 99.91%			$	176,308,565
Other Assets in Excess of Liabilities - 0.09%				156,858
TOTAL NET ASSETS - 100.00%			$	176,465,423
Vista Fund
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.78%
Aerospace - 1.28%
BE Aerospace, Inc. * (a)		58,300 $		1,398,617
Agriculture - 0.83%
Archer-Daniels-Midland Company		28,434		901,927
Banking - 0.52%
Unibanco - Uniao De Bancos Brasileiros SA,
ADR		6,400		562,880
Broadcasting - 0.22%
Grupo Televisa SA, SADR		3,070		240,872
Business Services - 0.80%
Jacobs Engineering Group, Inc. *		10,145		869,832
Cellular Communications - 13.52%
America Movil S.A. de C.V., Series L		113,022		3,925,254
American Tower Corp., Class A *		103,612		3,297,970
Crown Castle International Corp. *		71,900		2,254,065
NII Holdings, Inc., Class B *		103,200		5,285,904
				14,763,193

Vista Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Coal - 1.04%
Peabody Energy Corp.	23,492	$	1,133,959
Commercial Services - 2.22%
Mitsui Fudosan Company, Ltd.	51,000		1,069,884
Shaw Group, Inc. * (a)	40,500		1,350,675
			2,420,559
Computers & Business Equipment - 2.04%
Apple Computer, Inc. *	27,800		1,905,412
Electronics for Imaging, Inc. *	2,536		68,015
Rackable Systems, Inc. *	6,578		259,371
			2,232,798
Construction & Mining Equipment - 2.08%
National Oilwell, Inc. *	37,281		2,269,667
Construction Materials - 5.05%
Cemex SA de C.V., SADR	29,961		1,850,391
EMCOR Group, Inc. *	13,400		584,106
JLG Industries, Inc. (a)	33,100		1,952,569
Martin Marietta Materials, Inc.	11,600		1,131,000
			5,518,066
Crude Petroleum & Natural Gas - 1.01%
Helmerich & Payne, Inc.	16,838		1,107,435
Electrical Equipment - 2.27%
General Cable Corp. * (a)	20,500		553,500
Watsco, Inc. (a)	11,200		779,744
Wesco International, Inc. *	19,942		1,143,075
			2,476,319
Electrical Utilities - 1.63%
Quanta Services, Inc. * (a)	129,620		1,774,498
Electronics - 1.59%
Agilent Technologies, Inc. *	32,732		1,178,352
ATI Technologies, Inc. * (a)	11,121		176,602
Vishay Intertechnology, Inc. *	26,225		380,787
			1,735,741
Energy - 2.57%
Evergreen Solar, Inc. *	17,851		278,297
Southwestern Energy Company *	72,342		2,321,455
SunPower Corp, Class A. *	4,802		210,808
			2,810,560
Financial Services - 9.09%
Affiliated Managers Group, Inc. * (a)	14,400		1,417,392
AllianceBernstein Holding LP *	9,200		591,284
E*TRADE Financial Corp. *	75,993		1,943,901
Investment Technology Group, Inc. *	33,792		1,536,860
Janus Capital Group, Inc.	73,800		1,618,434
Jefferies Group, Inc. (a)	10,000		570,400
Nasdaq Stock Market, Inc. * (a)	27,217		1,102,561
TD Ameritrade Holding Corp. *	52,553		1,143,553
			9,924,385
Healthcare Products - 1.67%
Hologic, Inc. *	15,346		733,999

The accompanying notes are an integral part of the financial statements. 314

John Hancock Funds II
Portfolio of investments — February 28, 2006 (Unaudited)
(showing percentage of total net assets)

Vista Fund (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Varian Medical Systems, Inc. *	18,800	$	1,088,144
			1,822,143
Healthcare Services - 5.09%
Express Scripts, Inc. *	22,435		1,957,903
Humana, Inc. *	40,627		2,099,197
Omnicare, Inc. (a)	24,711		1,503,664
			5,560,764
Industrial Machinery - 4.71%
Alstom RGPT *	6,700		573,496
Daifuku Co Ltd *	30,000		562,006
Gardner Denver, Inc. *	8,800		539,968
Manitowoc, Inc. (a)	30,648		2,362,041
Terex Corp. *	14,000		1,108,100
			5,145,611
Industrials - 4.65%
ABB, Ltd. *	99,800		1,194,936
Foster Wheeler, Ltd. * (a)	80,928		3,884,544
			5,079,480
Insurance - 2.26%
Aetna, Inc.	27,202		1,387,302
Aon Corp.	13,300		526,813
W.R. Berkley Corp.	9,600		555,744
			2,469,859
International Oil - 0.99%
ATP Oil & Gas Corp. * (a)	13,800		514,050
Weatherford International, Ltd. *	13,100		564,872
			1,078,922
Internet Retail - 0.54%
Nutri/System, Inc. * (a)	13,600		584,392
Leisure Time - 1.91%
International Game Technology, Inc.	30,200		1,080,254
Tokyu Land Corp.	114,000		1,010,731
			2,090,985
Life Sciences - 2.00%
Pharmaceutical Product Development, Inc. *	31,357		2,182,134
Medical-Hospitals - 0.53%
Psychiatric Solutions, Inc. * (a)	17,400		574,722
Metal & Metal Products - 3.66%
Precision Castparts Corp.	38,445		2,039,123
Titanium Metals Corp. * (a)	47,816		1,961,412
			4,000,535
Petroleum Services - 5.12%
Diamond Offshore Drilling, Inc. (a)	29,500		2,283,005
McDermott International, Inc. *	64,200		3,309,510
			5,592,515
Pharmaceuticals - 0.48%
Forest Laboratories, Inc. *	11,500		527,850

Vista Fund (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade - 3.48%
Abercrombie & Fitch Company, Class A		16,300	$	1,097,316
Chico's FAS, Inc. *		23,889		1,123,977
Circuit City Stores, Inc.		43,200		1,038,096
Yamada Denki Company, Ltd.		5,000		542,151
				3,801,540
Semiconductors - 8.16%
Advanced Micro Devices, Inc. *		65,705		2,540,812
Brooks Automation, Inc. *		32,900		516,201
Cymer, Inc. *		13,000		584,740
Diodes, Inc. * (a)		14,800		559,144
Intersil Corp., Class A		43,200		1,224,288
Lam Research Corp. *		12,400		534,440
Marvell Technology Group, Ltd. *		17,600		1,077,472
MEMC Electronic Materials, Inc. *		19,000		636,310
Microsemi Corp. *		18,934		582,220
OmniVision Technologies, Inc. * (a)		25,537		651,194
				8,906,821
Software - 0.51%
Satyam Computer Services, Ltd., ADR (a)		13,600		559,640
Steel - 3.73%
Allegheny Technologies, Inc.		36,378		1,837,453
Oregon Steel Mills, Inc. * (a)		59,000		2,234,920
				4,072,373
Telecommunications Equipment &
Services - 1.53%
SBA Communications Corp. * (a)		74,300		1,671,007
TOTAL COMMON STOCKS (Cost $94,409,692)			$	107,862,601
SHORT TERM INVESTMENTS - 21.96%
State Street Navigator Securities
Lending Prime Portfolio (c)	$	23,978,603	$	23,978,603
TOTAL SHORT TERM INVESTMENTS
(Cost $23,978,603)			$	23,978,603
REPURCHASE AGREEMENTS - 2.89%
Repurchase Agreement with State
Street Corp. dated 02/28/2006 at
3.20% to be repurchased at
$3,159,281 on 03/01/2006,
collateralized by $3,420,000
Federal National Mortgage
Association, 5.55% due
07/10/2028 (valued at $3,223,087
including interest) (c)	$	3,159,000	$	3,159,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,159,000)			$	3,159,000
Total Investments (Vista Fund)
(Cost $121,547,295) - 123.63%			$	135,000,204
Liabilities in Excess of Other Assets - (23.63)%				(25,802,361)
TOTAL NET ASSETS - 100.00%			$	109,197,843

The accompanying notes are an integral part of the financial statements. 315

John Hancock Funds II

Portfolio of investments — February 28, 2006 (Unaudited)

(showing percentage of total net assets)

Footnotes
Percentages are stated as a percent of net assets.
Key to Currency Abbreviations
ARS	- Argentine Peso
AUD	- Australian Dollar
BRL	- Brazilian Real
CAD	- Canadian Dollar
CHF	- Swiss Franc
COP	- Colombian Peso
CZK	- Czech Koruna
DKK	- Danish Krone
EUR	- European Currency
FIM	- Finnish Markka
FRF	- French Franc
DEM	- German Deutsche Mark
GBP	- British Pound
GRD	- Greek Drachma
HKD	- Hong Kong Dollar
HUF	- Hungarian Forint
IDR	- Indonesian Rupiah
ILS	- Israeli Shekel
INR	- Indian Rupee
ITL	- Italian Lira
IEP	- Irish Punt
JPY	- Japanese Yen
KRW	- South Korean Won
MXN	- Mexican Peso
MYR	- Malaysian Ringgit
NLG	- Netherlands Guilder
NZD	- New Zealand Dollar
NOK	- Norweigan Krone
PHP	- Philippines Peso
PLN	- Polish Zloty
SEK	- Swedish Krona
SGD	- Singapore Dollar
THB	- Thai Baht
TRY	- Turkish Lira
TWD	- Taiwan Dollar
USD	- US Dollar
ZAR	- South African Rand

Key to Security Abbreviations and Legend
ADR	- American Depositary Receipts
ADS	- American Depositary Shares
BKNT	- Bank Note
CDO	- Collateralized Debt Obligation
ESOP	- Employee Stock Ownership Program
EMTN	- European Medium Term Note
EWCO	- European Written Call Option
GDR	- Global Depositary Receipts
GMTN	- Global Medium Term Note
GTD	- Guaranteed
IO	- Interest Only (Carries notional principal amount)
MTN	- Medium Term Note
NIM	- Net Interest Margin
OTC	- Over The Counter
PCL	- Public Company Limited
PIK	- Paid In Kind
PO	- Principal Only
REIT	- Real Estate Investment Trust
REMIC	- Real Estate Mortgage Investment Conduit
SBI	- Shares Beneficial Interest
SADR	- Sponsored American Depositary Receipts
SPDR	- Standard & Poor's Depositary Receipts
TBA	- To Be Announced
TIPS	- Treasury Inflation Protected Security
^	Non-Income producing, issuer is in bankruptcy and is in default of
	interest payments
*	Non-Income Producing
(a)	All or a portion of this security was out on loan
(b)	Floating Rate Note
(c)	Investment is an affiliate of the Trust's subadvisor or custodian bank
(d)	Principal amount of security is adjusted for inflation
(e)	Security Fair Valued on February 28, 2006
(f)	Term Loan
**	Purchased on a forward commitment (Note 2)
***	At February 28, 2006, all or a portion of this security was pledged to
	cover forward commitments purchased.
****	At February 28, 2006, all or a portion of this security was pledged to
	cover margin requirements for open futures contracts.

The accompanying notes are an integral part of the financial statements. 316

John Hancock Funds II
Notes to Financial Statements (Unaudited)

1. ORGANIZATION The John Hancock Funds II (the “Trust”) is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended, as a no-load, open-end management investment company. It is a series company, which means that it has several funds, each with a stated investment objective that it pursues through separate investment policies.

The Trust currently consists of 53 separate investment funds (the “Funds”), 48 of which are presented herein.

500 Index	International Small Cap	Small Cap Index
Active Bond	International Stock	Small Cap Opportunities
All Cap Growth	International Value	Small Company
All Cap Value	Investment Quality Bond	Small Company Growth
Blue Chip Growth	Large Cap	Small Company Value
Capital Appreciation	Large Cap Value	Special Value
Core Bond	Mid Cap Core	Spectrum Income
Core Equity	Mid Cap Index	Strategic Bond
Emerging Growth	Mid Cap Stock	Strategic Value
Emerging Small Company	Mid Cap Value	Total Return
Equity-Income	Natural Resources	U.S. Global Leaders Growth
Fundamental Value	Quantitative Mid Cap	U.S. Government Securities
Global Bond	Quantitative Value	U.S. High Yield Bond
High Yield	Real Estate Securities	U.S. Multi Sector
International Equity Index	Real Return Bond	Value & Restructuring
International Opportunities	Small Cap	Vista

Each of the Funds, with the exception of Core Equity, Global Bond, Natural Resources, Real Estate Securities, Real Return Bond, U.S. Global Leaders Growth, and U.S. Multi Sector, is diversified for purposes of the Investment Company Act of 1940, as amended.

Class 1 shares are sold only to certain exempt separate accounts of John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York that fund exempt group annuity contracts issued by those insurance companies to qualified retirement plans. Class NAV shares are sold to the Lifestyle Portfolios, which are other funds of the Trust, and to certain institutional investors. John Hancock New York is a wholly owned subsidiary of John Hancock USA. John Hancock USA, John Hancock New York, JHVLICO and JHLICO are indirect wholly owned subsidiaries of The Manufacturers Life Insurance Company (“Manulife”), which in turn is a wholly owned subsidiary of Manulife Financial Corporation, a publicly traded company. Manulife Financial Corporation and its subsidiaries are known collectively as “Manulife Financial.”

The Funds offer two classes of shares. Class 1 shares are offered for all Funds with the exception of 500 Index, International Equity Index, Mid Cap Index, Small Cap Index, Small Company Growth, Spectrum Income, U.S. Multi Sector, Value & Restructuring, and Vista and Class NAV shares are offered for all Funds with the exception of Emerging Small Company. The Trustees have authorized the issuance of multiple classes of shares of the Fund, including classes designated as Class 1 and Class NAV shares. The shares of each class represent an interest in the same portfolio of investments of the Fund, and have equal rights as to voting, redemptions, dividends and liquidation, except that certain expenses, subject to the approval of the Trustees, may be applied differently to each class of shares in accordance with current regulations of the Securities and Exchange Commission and the Internal Revenue Service. Shareholders of a class that bears distribution and service expenses under the terms of a distribution plan have exclusive voting rights to that distribution plan.

2. SIGNIFICANT ACCOUNTING POLICIES In the preparation of the financial statements, the Funds follow the policies described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Security Valuation The net asset value of the shares of each Fund is determined daily as of the close of the New York Stock Exchange, normally at 4:00 P.M. Eastern Time. Short-term debt instruments with remaining maturities of 60 days or less are valued at amortized cost, and thereafter assume a constant amortization to maturity of any discount or premium, which approximates market value. Investments in State Street Navigator Securities Lending Prime Portfolio are valued at their net asset value each business day. All other securities held by the Funds are valued at the last sale price or official closing price (closing bid price or last evaluated quote if no sale has occurred) as of the close of business on a principal securities exchange (domestic or foreign) or, lacking any sales, at the closing bid price. Securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Securities for which there are no such quotations, principally debt securities, are valued based on the valuation provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques. Other assets and securities for which no such quotations are readily available are valued at their fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the New York Stock Exchange. The values of such securities used in computing the net asset value of a Fund’s shares are generally determined as of such times. Occasionally, significant events that affect the values of such securities may occur between the times at which such values are generally determined and the close of the New York Stock Exchange. In such events, these securities will then be valued at their fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees.

In deciding whether to make a fair value adjustment to the price of a security, the Trustees or their designee may review a variety of factors, including, developments in foreign markets, the performance of U.S. securities markets and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. The Funds may also fair value securities in other situations, for example, when a particular foreign market is closed, but the Fund is calculating the net asset value. In view of these factors, it is likely that Funds investing significant amounts of assets in securities in foreign markets will be fair valued more frequently than Funds investing significant amounts of assets in frequently traded, U.S. exchange listed securities of large capitalization U.S. issuers.

For purposes of determining when fair value adjustments may be appropriate with respect to Funds that invest in securities in foreign markets that close prior to the New York Stock Exchange, the Funds will, on an ongoing basis, monitor for “significant market events.” A “significant market event” may be a certain percentage change in the value of an index or of certain Exchange Traded Funds that track foreign markets in which Funds have significant investments. If a significant market event occurs due to a change in the value of the index or of Exchange Traded Funds, the pricing for all Funds that invest in foreign markets that have closed prior to the New York Stock Exchange will promptly be reviewed and potential adjustments to the net asset value of such Funds will be recommended to the Trust’s Pricing Committee where applicable.

317

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

Fair value pricing of securities is intended to help ensure that the net asset value of a Fund’s shares reflects the value of the Fund’s securities as of the close of the New York Stock Exchange (as opposed to a value which is no longer accurate as of such close), thus limiting the opportunity for aggressive traders to purchase shares of a Fund at deflated prices, reflecting stale security valuations, and to promptly sell such shares at a gain. However, a security’s valuation may differ depending on the method used for determining value and no assurance can be given that fair value pricing of securities will successfully eliminate all potential opportunities for such trading gains.

Repurchase Agreements Each Fund may enter into repurchase agreements. When a Fund enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. Each Fund will take constructive receipt of all securities underlying the repurchase agreements it has entered into until such agreements expire. If the seller defaults, a Fund would suffer a loss to the extent that proceeds from the sale of underlying securities were less than the repurchase amount. Each Fund may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be credit-worthy by John Hancock Investment Management Services, LLC (the “Adviser”). Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty.

Foreign Currency Transactions The accounting records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis:

(i) market value of securities, other assets and other liabilities at the current rate of exchange at period end of such currencies against U.S. dollars; and
(ii) purchases and sales of securities, income and expenses at the rate of exchange quoted on the respective dates of such transactions.

Net realized gains and losses on foreign currency transactions represent net gains and losses from sales and maturities of foreign currency contracts, disposition of foreign currencies, the difference between the amount of net investment income accrued and the U.S. dollar amount actually received, and gains and losses between trade and settlement date on purchases and sales of securities. The effects of changes in foreign currency exchange rates on investments in securities are included with the net realized and unrealized gain or loss on investment securities.

Certain Funds may be subject to capital gains and repatriation taxes imposed by certain countries in which they invest. Such taxes are generally based upon income and/or capital gains earned or repatriated. Taxes are accrued based upon net investment income, net realized gains and net unrealized appreciation.

Investing in securities of foreign companies and foreign governments involves special risks and consideration not typically associated with investing in securities of domestic companies and the U. S. Government. These risks include revaluation of currencies and future adverse political and economic developments. Moreover, securities of foreign companies and foreign governments and their markets may be less liquid and their prices more volatile than those of the United States.

Security Transactions and Related Investment Income Investment security transactions are accounted for on a trade date basis. Interest income is accrued as earned. Dividend income is recorded on the ex-dividend date. Foreign dividends are recorded on the ex-date or as soon after the ex-date that the Fund becomes aware of such dividends, net of all taxes. Original issue discounts are accreted for financial and tax reporting purposes. Discounts/premiums are accreted/amortized for financial reporting purposes. Non-cash dividends are recorded at the fair market value of the securities received. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful, based upon consistently applied procedures.

Inflation indexed securities are fixed-income securities whose principal value is periodically adjusted according to the rate of inflation. Interest is accrued based upon the principal value, which is adjusted for inflation. Principal of inflation index protected securities is increased or decreased by the rate of change in the Consumer Price Index. Interest income includes accretion of discounts and amortization of premiums as well as accretion or amortization of principal of inflation index protected securities.

From time to time, certain of the Funds may invest in Real Estate Investment Trusts (“REITs”) and as a result, will estimate the components of distributions from these securities. Distributions from REITs received in excess of income are recorded as a reduction of cost of investments and/or as a realized gain.

Multi-class Operations All income, expenses (except for class-specific expenses) and realized and unrealized gains (losses) are allocated to each class of shares based upon the relative net assets of each class. Dividends to shareholders from net investment income are determined at a class level and distributions from capital gains are determined at a Fund level.

Expense Allocation Expenses not directly attributable to a particular Fund are allocated based on the relative share of net assets of each Fund at the time the expense was incurred. Class-specific expenses, such as Distribution (Rule 12b-1) fees, are accrued daily and charged directly to the respective share classes.

Purchased and Written Options All Funds may purchase and sell put and call options on securities (whether or not it holds the securities in its Fund), securities indices, currencies and futures contracts.

When a Fund writes a put or call option, an amount equal to the premium received by the Fund is recorded as a liability and is subsequently “marked-to-market” to reflect the current market value of the option written. If an option expires or if the Fund enters into an offsetting purchase option, the Fund realizes a gain (or loss if the cost of an offsetting purchase option exceeds the premium received when the option was written). If a written call option is exercised, the Fund realizes a gain or loss from the sale of the underlying security with the proceeds of the sale increased by the premium originally received. If a written put option is exercised, the amount of the premium originally received reduces the cost of the security that the Fund purchases upon exercise of the option.

When a Fund purchases a put or call option, the premium paid by the Fund is included in the Portfolio of Investments and subsequently “marked-to-market” to reflect the current market value of the option. If the purchased option expires, the Fund realizes a loss for the cost of the option. If a Fund enters into a closing sale transaction, the Fund realizes a gain or loss, depending on whether proceeds from the closing sale transaction are greater or less than the original cost of the option. If a Fund exercises a call option, the cost of the securities acquired by exercising the call is increased by the premium paid to buy the call. If a Fund exercises a put option, it realizes a gain or loss from the sale of the underlying security and the proceeds from such sale are decreased by the premium originally paid.

318

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

The Funds may use options to manage exposure to fluctuations in currency values. Writing puts and buying calls may increase the Fund’s exposure to the underlying instrument. Buying puts and writing calls may decrease the Fund’s exposure to the underlying instrument. Losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts or if the counterparties do not perform under the terms of the contract.

Written options for the period ended February 28, 2006 were as follows:

	Number of Contracts	Premiums Received
Global Bond
Outstanding, beginning of period	—	—
Options written	88,701,711	$1,346,557
Option closed	(1,200,000)	(12,706)
Options expired	(88)	(31,481)
Outstanding, end of period	87,501,623	$1,302,370
Real Return Bond
Outstanding, beginning of period	—	—
Options written	766	$208,271
Options expired	(542)	(160,749)
Outstanding, end of period	224	$47,522
Total Return
Outstanding, beginning of period	—	—
Options written	28,902,098	$1,403,704
Options expired	(2,700,904)	(282,456)
Outstanding, end of period	26,201,194	$1,121,248
Value & Restructuring
Outstanding, beginning of period	—	—
Options written	656	$429,163
Option closed	(328)	(285,945)
Options exercised	(138)	(69,968)
Outstanding, end of period	190	$73,250

The following is a summary of open written options outstanding at February 28, 2006:

Fund	Name of Issuer	Number of Contracts	Exercise Price	Expiration Date	Value
Global Bond	Calls
	Eurodollar Midcurve 1 Year Futures	490	$95.50	Mar 2006	($3,063)
	Eurodollar Midcurve 1 Year Futures	516	95.25	Jun 2006	(106,425)
	Interest Rate Swap 3 Month LIBOR	62,000,000	4.78	Aug 2006	(185,132)
	Swap Option 3 Month LIBOR	7,800,000	4.85	Dec 2006	(57,977)
		69,801,006			($352,597)
	Puts
	Eurodollar Midcurve 1 Year Futures	200	$94.875	Mar 2006	($5,000)
	Interest Rate Swap 3 Month LIBOR	1,200,000	4.50	Mar 2006	(23)
	Japanese Yen	2,500,000	112.00	May 2006	(22,977)
	Interest Rate Swap 3 Month LIBOR	9,800,000	5.35	Jun 2006	(65,072)
	Eurodollar Midcurve 1 Year Futures	417	94.75	Jun 2006	(49,519)
	Interest Rate Swap 3 Month LIBOR	4,200,000	5.20	Jun 2006	(16,506)
		17,700,617			($159,097)
Real Return Bond	Calls
	U.S.Treasury Notes Futures	99	$110.00	Mar 2006	($1,547)
	U.S.Treasury Notes Futures	13	110.00	May 2006	(2,437)
		112			($3,984)
	Puts
	U.S.Treasury Notes Futures	99	$106.00	Mar 2006	—
	U.S.Treasury Notes Futures	13	107.00	May 2006	($6,297)
		112			($6,297)

319

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
Fund	Name of Issuer	Number of Contracts	Exercise Price	Expiration Date	Value
Total Return	Calls
	Eurodollar Midcurve 1 Year Futures	126	$95.50	Mar 2006	($788)
	Eurodollar Futures	38	95.50	Sep 2006	(1,900)
	U.S.Treasury Notes 10 Year Futures	40	110.00	May 2006	(6,875)
	Swap Option 3 Month LIBOR	12,000,000	4.85	Dec 2006	(89,196)
	Swap Option 3 Month LIBOR	11,000,000	4.53	Aug 2006	(10,505)
		23,000,204			($109,264)
	Puts
	Eurodollar Futures	47	$95.00	Dec 2006	($30,256)
	Eurodollar Futures	421	95.25	Dec 2006	(447,313)
	Eurodollar Futures	70	95.25	Dec 2006	(74,375)
	Eurodollar Futures	50	95.00	Sep 2006	(27,812)
	Eurodollar Futures	34	95.50	Dec 2006	(52,700)
	Eurodollar Futures	40	95.25	Mar 2007	(41,250)
	Eurodollar Futures	260	95.25	Sep 2006	(269,750)
	Eurodollar Futures	38	95.50	Sep 2006	(60,325)
	Eurodollar Futures	30	95.25	Dec 2006	(31,875)
	Japanese Yen	3,200,000	112.00	May 2006	(29,411)
		3,200,990			($1,065,067)
Value & Restructuring	Calls
	Todco	51	$45.00	Mar 2006	($255)
	Devon Energy Corp.	139	70.00	Apr 2006	(3,475)
		190			($3,730)

Securities Lending All Funds may lend securities in amounts up to 33 1/3% of each Fund’s total non-cash assets to brokers, dealers and other financial institutions, provided such loans are callable at any time and are at all times fully secured by cash, cash equivalents or securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities and marked to market to the value of the loaned securities on a daily basis. The Funds may bear the risk of delay in recovery of, or even of loss of rights in, the securities loaned should the borrower of the securities fail financially. Consequently, loans of Fund securities will only be made to firms deemed by the subadvisers to be creditworthy. The Funds receive compensation for lending their securities either in the form of fees or by retaining a portion of interest on the investment of any cash received as collateral. Cash collateral is invested in the State Street Navigator Securities Lending Prime Portfolio.

All collateral received will be in an amount equal to at least 100% of the market value of the loaned securities and is intended to be maintained at that level during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund the next business day. During the loan period, the Fund continues to retain rights of ownership, including dividends and interest of the loaned securities. At February 28, 2006 the values of securities loaned and of cash collateral were as follows:

Fund	Value of Securities Loaned	Value of Cash Collateral
Active Bond	$62,669,745	$63,952,895
All Cap Growth	4,153,432	4,252,196
All Cap Value	20,071,291	20,547,958
Blue Chip Growth	67,063,189	68,562,354
Capital Appreciation	2,293,149	2,341,825
Emerging Growth	65,899,564	67,564,512
Equity-Income	87,442,964	89,633,044
Fundamental Value	76,724,965	78,446,424
Global Bond	13,513,896	13,793,450
High Yield	331,498,919	338,457,704
International Equity Index	22,972,433	24,089,643
International Opportunities	46,210,367	47,889,360
International Small Cap	22,735,901	23,860,955
International Stock	152,846,814	160,743,448
International Value	150,628,179	158,239,011
Large Cap	2,080,777	2,128,439
Large Cap Value	5,984,498	6,127,940
Mid Cap Core	50,440,068	51,567,685
Mid Cap Stock	83,159,941	85,194,265
Mid Cap Value	63,810,791	65,600,494
Natural Resources	80,304,638	82,182,802
Quantitative Mid Cap	37,219,029	38,058,720
Quantitative Value	54,005,024	55,387,811

320

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
Fund	Value of Securities Loaned	Value of Cash Collateral
Real Estate Securities	$47,412,541	$48,505,156
Real Return Bond	312,130,477	318,498,126
Small Cap	89,987,734	92,214,294
Small Cap Opportunities	130,104,006	133,253,392
Small Company	33,784,081	34,585,798
Small Company Value	124,033,044	127,033,163
Special Value	38,867,372	39,827,991
Strategic Bond	98,455,905	100,471,016
Strategic Value	6,056,133	6,331,582
U.S. High Yield Bond	21,245,630	21,693,548
Vista	23,446,851	23,978,603

Dollar Rolls All Funds may enter into mortgage dollar rolls in which they sell debt securities for delivery currently and simultaneously contract to repurchase similar, but not identical, securities at the same price or a lower price on an agreed upon date. The Funds receive compensation as consideration for entering into the commitment to repurchase. The compensation is the difference between the current sale price and the forward price for the future purchase (often referred to as the “drop”) as well as by the interest earned on the cash proceeds of the initial sale. A Fund may also be compensated by the receipt of a commitment fee. As the holder, the counter-party receives all principal and interest payments, including prepayments, made with respect to the similar security. Dollar rolls may be renewed with a new sale and repurchase price with a cash settlement made at renewal without physical delivery of the securities subject to the contract.

Futures All Funds may purchase and sell financial futures contracts and options on those contracts. The Funds invest in contracts based on financial instruments such as U.S. Treasury Bonds or Notes on securities indices such as the S&P 500 Index, in order to hedge against a decline in the value of securities owned by the Funds.

Upon entering into futures contracts, a Fund is required to deposit with a broker an amount, termed the initial margin, which typically represents a certain percentage of the purchase price indicated in the futures contract. Payments to and from the broker, known as variation margin, are required to be made on a daily basis as the price of the futures contract fluctuates, making the long or short positions in the contract more or less valuable. If the position is closed out by taking an opposite position prior to the settlement date of the futures contract, a final determination of variation margin is made, cash is required to be paid to or released by the broker, and the Fund realizes a gain or loss.

When a Fund sells a futures contract based on a financial instrument, the Fund becomes obligated to deliver that kind of instrument at an agreed upon date for a specified price. The Fund realizes a gain or loss depending on whether the price of an offsetting purchase is less or more than the price of the initial sale or on whether the price of an offsetting sale is more or less than the price of the initial purchase. The Fund could be exposed to risks if it could not close out futures positions because of an illiquid secondary market or the inability of counterparties to meet the terms of their contracts. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade.

The following is a summary of open futures contracts at February 28, 2006:

Fund	Open Contracts	Number of Contracts		Position	Expiration Date	Appreciation (Depreciation)
500 Index	S&P 500 Index		68	Long	Mar 2006	$111,273
						$111,273
Global Bond	Eurodollar		503	Long	Sep 2006	($337,588)
	10-Year German Euro-BUND		257	Long	Mar 2006	(181,538)
	Japan 10-Year Government Bonds		68	Long	Mar 2006	(518,237)
	U.S. 10-Year Treasury Notes		755	Long	Jun 2006	107,438
	5-Year German Euro-BOBL		181	Long	Mar 2006	(178,706)
	U.S. 5-Year Treasury Notes		1,850	Long	Jun 2006	(30,296)
	Euribor		257	Long	May 2006	—
	Euribor		158	Long	May 2006	—
						($1,138,927)
International Equity Index	JSE Shares Index		95	Long	Mar 2006	$173,439
	MSCI Taiwan Index		124	Long	Mar 2006	(17,230)
						$156,209
International Stock	TOPIX Index		196	Long	Mar 2006	$908,627
	CAC 40 10 Euro Index		19	Long	Mar 2006	(12,133)
	DAX Index		147	Long	Mar 2006	1,785,517
	S&P/MIB 30 Index		32	Long	Mar 2006	471,930
	IBEX 35 Index		3	Long	Mar 2006	139
	Hang Seng Stock Index		2	Long	Mar 2006	(93)
	OMX 30 Stockholm Stock Index		19	Long	Mar 2006	(3,050)
	FTSE 100 Index		43	Short	Mar 2006	13,383
	SPI 200 Index		184	Short	Mar 2006	(89,735)
	S&P/Toronto Stock Exchange 60 Index		184	Short	Mar 2006	(893,322)
						$2,181,263

321

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

Fund	Open Contracts	Number of Contracts	Position	Expiration Date	Appreciation (Depreciation)
Investment Quality Bond	U.S. 10-Year Treasury Notes	44	Short	Jun 2006	($18,008)
					($18,008)
Large Cap	S&P 500 Index	10	Long	Mar 2006	($4,775)
					($4,775)
Mid Cap Index	S&P Mid Cap 400 Index	11	Long	Mar 2006	$68,873
					$68,873
Real Return Bond	Eurodollar	249	Long	Sep 2007	($125,113)
	Eurodollar	249	Long	Mar 2007	($174,538)
	Eurodollar	108	Long	Dec 2007	($64,700)
	Eurodollar	249	Long	Jun 2007	($149,538)
	Eurodollar	141	Long	Dec 2006	($111,662)
	U.S. 10-Year Treasury Notes	37	Long	Jun 2006	$12,141
	U.S. Treasury Bonds	328	Short	Jun 2006	($192,187)
	U.S. 5-Year Treasury Notes	32	Short	Jun 2006	($4,000)
					($809,597)
Small Cap Index	Russell 2000 Index	9	Long	Mar 2006	$144,812
					$144,812
Spectrum Income	U.K. Treasury Bonds	5	Short	Jun 2006	$3,851
	U.S. 2-Year Treasury Notes	5	Short	Mar 2006	4,453
	U.S. 2-Year Treasury Notes	12	Short	Jun 2006	(48)
	U.S. 10-Year Treasury Notes	9	Short	Jun 2006	(2,368)
	U.S. Treasury Bonds	3	Short	Jun 2006	(727)
	U.S. 10-Year Treasury Notes	10	Long	Jun 2006	2,851
	U.S. Treasury Bonds	8	Long	Jun 2006	1,905
					$9,917
Strategic Bond	U.S. 10-Year Treasury Notes	35	Long	Mar 2006	($17,905)
					($17,905)
Total Return	Eurodollar	979	Long	Sep 2007	($353,279)
	Eurodollar	1,249	Long	Mar 2007	(658,175)
	Eurodollar	427	Long	Dec 2007	(205,950)
	Eurodollar	1,253	Long	Jun 2007	(507,812)
	Eurodollar	827	Long	Dec 2007	(514,050)
	U.S. Treasury Bonds	82	Long	Mar 2006	19,218
	U.S. 5-Year Treasury Notes	263	Long	Jun 2006	(20,548)
	5-Year Euro - BOBL	100	Short	Mar 2006	107,855
					($2,132,741)
U.S. Government Securities	U.S. 5-Year Treasury Notes	22	Long	Mar 2006	($15,036)
	U.S. 2-Year Treasury Notes	32	Long	Mar 2006	(22,975)
	U.S. 10-Year Treasury Notes	92	Short	Mar 2006	38,466
					$455
U.S. Multi Sector	S&P 500 Index	99	Long	Mar 2006	$297,078
					$297,078

Swap Contracts All Funds may enter into interest rate swaps. Interest rate swaps involve the exchange of commitments to pay or receive interest of one instrument for that of another instrument (for example, an exchange of floating rate payments for fixed rate payments with respect to a notional principal amount). The Funds settle accrued net receivable or payable balances under the swap contracts on a periodic basis. Accrued interest receivable or payable on the swap contracts is recorded as realized gain or loss. The Funds record changes in the value of the swaps as unrealized gains or losses on swap contracts.

322

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

Swap contracts are subject to risks related to the counterparty’s ability to perform under the contract, and may decline in value if the counterparty’s creditworthiness deteriorates. The risks may arise from unanticipated movement in interest rates. The Funds may also suffer losses if it is unable to terminate outstanding swap contracts or reduce its exposure through offsetting transactions.

The Funds had the following interest rate swap contracts open at February 28, 2006:

	Notional		Payments Made	Payments Received	Termination	Appreciation
Fund	Amount	Currency	by Portfolio	by Portfolio	Date	(Depreciation)
Global Bond
	6,000,000	NZD	Fixed 6.50%	3 Month BBR	Feb 2008	$4,011
	36,900,000	GBP	6 Month BBA LIBOR	Fixed 5.00%	Sep 2010	848,198
	10,000,000	GBP	6 Month BBA LIBOR	Fixed 5.00%	Sep 2010	229,864
	7,100,000	GBP	6 Month BBA LIBOR	Fixed 5.00%	Sep 2010	159,186
	4,000,000	GBP	6 Month BBA LIBOR	Fixed 5.00%	Sep 2010	89,682
	96,700,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2011	314,051
	71,100,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2011	230,910
	18,500,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2014	(636,639)
	9,700,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2014	(277,830)
	200,000	CAD	Fixed 5.50%	3 Month CBK	Dec 2014	(5,692)
	7,100,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2016	41,900
	3,400,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2016	20,065
	12,100,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2016	71,407
	1,500,000	GBP	Fixed 4.00%	6 Month BBA LIBOR	Dec 2025	(10,583)
	1,100,000	GBP	Fixed 4.00%	6 Month BBA LIBOR	Dec 2025	(7,761)
	2,700,000	GBP	Fixed 5.00%	6 Month BBA LIBOR	Jun 2034	(524,340)
	2,600,000	GBP	Fixed 5.00%	6 Month BBA LIBOR	Jun 2034	(504,920)
	1,800,000	GBP	Fixed 5.00%	6 Month BBA LIBOR	Jun 2034	(213,793)
	2,200,000	EUR	6 Month EURIBOR	Fixed 6.00%	Jun 2034	466,082
	1,100,000	EUR	6 Month EURIBOR	Fixed 6.00%	Jun 2034	233,895
	1,500,000	EUR	6 Month EURIBOR	Fixed 6.00%	Jun 2034	314,721
	10,500,000	EUR	6 Month BBA LIBOR	Fixed 6.00%	Jun 2034	2,203,044
						$3,045,458
Real Return Bond
	2,200,000	EUR	FRCPXTOB	Fixed 2.04%	Feb 2011	($4,929)
	3,100,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2013	13,256
	5,500,000	EUR	FRCPXTOB	Fixed 2.1375%	Jan 2016	—
	5,000,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2016	29,506
						$37,833
Total Return
	20,400,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2008	($43,202)
	20,000,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2011	(64,954)
	1,300,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2035	(9,564)
	400,000	GBP	Fixed 4.00%	6 Month BBA LIBOR	Dec 2035	(15,386)
	2,700,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2036	(35,389)
	1,700,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2036	(22,282)
						($190,777)

BBA — British Bankers Association
BBR — Bank Bill Rate
CBK — Canadian Bank Rate
FRCPXTOB — French CPI Ex Tobacco Daily Reference Index
Currency symbols are defined as follows:
CAD	Canadian Dollar
EUR	Euro
GBP	Pound Sterling
NZD	New Zealand Dollar

323

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

Forward Foreign Currency Contracts All Funds, with the exception of U.S. Government Securities, may purchase and sell forward foreign currency contracts in order to hedge a specific transaction or Fund position. Forward foreign currency contracts are valued at forward foreign currency exchange rates and marked to market daily. Net realized gains (losses) on foreign currency and forward foreign currency contracts shown in the Statements of Operations include net gains or losses realized by a Fund on contracts that have matured.

The net U.S. dollar value of foreign currency underlying all contractual commitments held at the end of the period, the resulting net unrealized appreciation (depreciation) and related net receivable or payable amount are determined using forward foreign currency exchange rates supplied by a quotation service. The Funds could be exposed to risks in excess of amounts recognized on the Statements of Assets and Liabilities if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the forward foreign currency contract changes unfavorably.

At February 28, 2006 certain Funds entered into forward foreign currency contracts, which contractually obligate the Funds to deliver currencies at future dates. Open forward foreign currency contracts at February 28, 2006 were as follows:

		Principal Amount	Settlement	Appreciation
Fund	Currency	Covered by Contract	Date	(Depreciation)
Global Bond	Buys
	Australian Dollar	3,515,000	Mar 2006	($11,844)
	Danish Kroner	27,028,000	Mar 2006	37,580
	Swedish Krona	26,619,000	Mar 2006	57,901
	Swedish Krona	7,000,000	Mar 2006	(33,770)
	Australian Dollar	1,866,000	Mar 2006	4,321
	Australian Dollar	1,866,000	Mar 2006	7,400
	Australian Dollar	704,000	Mar 2006	2,359
	Japanese Yen	18,533,640,000	Mar 2006	3,123,863
	Japanese Yen	80,000,000	Mar 2006	13,456
	Japanese Yen	554,395,300	Mar 2006	95,144
	Japanese Yen	65,879,000	Mar 2006	9,082
	Japanese Yen	43,000,000	Mar 2006	26
	Japanese Yen	400,135,000	Mar 2006	56,324
	Pound Sterling	740,210	Mar 2006	(28)
	Australian Dollar	2,751,000	Mar 2006	4,331
	Euro	700,000	Mar 2006	(954)
	Euro	365,000	Mar 2006	157
	Euro	96,110,000	Mar 2006	460,823
	Japanese Yen	40,000,000	Mar 2006	4,160
	Canadian Dollar	12,544,000	Mar 2006	129,921
	Pound Sterling	17,942,000	Mar 2006	246,715
	Polish Zloty	758,000	May 2006	1,302
	Brazilian Real	1,130,000	Jul 2006	24,896
	Chilean Peso	112,100,000	Jul 2006	4,814
	Peruvian Nouveau Sol	1,726,000	Aug 2006	(1,108)
	Indian Rupee	7,958,000	Aug 2006	490
	New Taiwan Dollar	23,926,000	Aug 2006	(2,829)
	Singapore Dollar	401,000	Aug 2006	1,350
	South African Rand	379,000	Aug 2006	(641)
	South Korean Won	1,446,869,000	Aug 2006	(5,103)
	Mexican Peso	3,030,000	Aug 2006	1,074
				$4,231,212
	Sells
	New Zealand Dollar	1,381,680	Mar 2006	$24,653
	New Zealand Dollar	1,378,601	Mar 2006	20,770
	Japanese Yen	1,725,161	Mar 2006	(4,704)
	Euro	884,019	Mar 2006	659
	Pound Sterling	102,974	Mar 2006	(516)
	Pound Sterling	273,667	Mar 2006	(1,724)
	Euro	314,616	Apr 2006	4,793
				$43,931

324

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

		Principal Amount	Settlement	Appreciation
Fund	Currency	Covered by Contract	Date	(Depreciation)
International Equity Index	Buys
	South African Rand	13,955,000	Mar 2006	$82,306
	South African Rand	495,000	Mar 2006	(2,091)
				$80,215
International Stock	Buys
	Danish Kroner	1,606,840	May 2006	$247
	Japanese Yen	780,850,000	May 2006	153,843
	Japanese Yen	780,850,000	May 2006	156,584
	Japanese Yen	780,850,000	May 2006	148,064
	Japanese Yen	1,096,689,650	May 2006	214,566
	Japanese Yen	780,850,000	May 2006	142,532
	Japanese Yen	780,850,000	May 2006	135,069
	Japanese Yen	780,850,000	May 2006	129,320
	Norwegian Krone	21,747,312	May 2006	15,315
	Norwegian Krone	21,747,312	May 2006	17,902
	Norwegian Krone	21,747,312	May 2006	9,345
	Norwegian Krone	21,747,312	May 2006	(1,674)
	Norwegian Krone	21,747,312	May 2006	8,777
	Norwegian Krone	21,747,312	May 2006	2,783
	Norwegian Krone	21,747,312	May 2006	1,518
	Swedish Krona	40,878,257	May 2006	(19,240)
	Swedish Krona	40,878,257	May 2006	(16,984)
	Swedish Krona	71,242,277	May 2006	(136,808)
	Swedish Krona	40,878,257	May 2006	(49,333)
	Swedish Krona	40,878,257	May 2006	(16,233)
	Swedish Krona	40,878,257	May 2006	(41,165)
	Swedish Krona	40,878,257	May 2006	(41,350)
				$813,078
	Sells
	Australian Dollar	3,248,542	May 2006	($30,412)
	Australian Dollar	3,259,494	May 2006	(19,460)
	Australian Dollar	3,261,634	May 2006	(17,320)
	Australian Dollar	3,257,416	May 2006	(21,538)
	Canadian Dollar	2,330,654	May 2006	(37,407)
	Canadian Dollar	2,334,592	May 2006	(33,469)
	Danish Kroner	2,691,615	May 2006	(13,239)
	Danish Kroner	2,705,248	May 2006	394
	Euro	3,571,766	May 2006	(12,616)
	Euro	3,587,727	May 2006	3,345
	Hong Kong Dollar	1,977,310	May 2006	155
	Hong Kong Dollar	1,977,450	May 2006	295
	Pound Sterling	5,855,067	May 2006	(59,343)
	Pound Sterling	5,849,480	May 2006	(64,931)
	Pound Sterling	5,857,951	May 2006	(56,460)
	Pound Sterling	5,874,465	May 2006	(39,946)
	Pound Sterling	5,857,618	May 2006	(56,793)
	Pound Sterling	10,463,422	May 2006	(27,905)
	Pound Sterling	5,872,073	May 2006	(42,338)
				($528,988)

325

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED

		Principal Amount	Settlement	Appreciation
Fund	Currency	Covered by Contract	Date	(Depreciation)
Real Return Bond	Sells
	Canadian Dollar	477,889	Mar 2006	($5,696)
	Euro	307,924	Mar 2006	(1,252)
				($6,948)
Spectrum Income	Buys
	Australian Dollar	47,439	May 2006	$185
	Canadian Dollar	1,870,311	May 2006	21,322
	Czech Koruna	2,797,000	May 2006	56
	Danish Kroner	470,487	May 2006	(40)
	Hungarian Forint	28,340,000	May 2006	(1,198)
	Indian Rupee	15,201,600	May 2006	399
	Israeli Shekel	3,924,276	May 2006	4,249
	Japanese Yen	1,566,710,067	May 2006	120,849
	New Taiwan Dollar	5,740,000	May 2006	(1,059)
	Norwegian Krone	930,000	May 2006	1,333
	Polish Zloty	489,218	May 2006	1,382
	Pound Sterling	1,201,334	May 2006	7,079
	South African Rand	175,042	May 2006	250
	South Korean Won	1,319,458,500	May 2006	3,566
	Swedish Krona	11,113,085	May 2006	(19,186)
	Euro	1,524,283	May 2006	(9,295)
	Philippine Peso	18,041,580	Jul 2006	6,791
	Yuan Renminbi	5,099,277	Oct 2006	1,104
				$137,787
	Sells
	Australian Dollar	1,509,477	Mar 2006	($5,492)
	New Zealand Dollar	1,481,705	Mar 2006	57,405
	Mexican Peso	1,474,155	Mar 2006	(4,853)
	New Zealand Dollar	293,767	Apr 2006	6,086
	Australian Dollar	202,056	May 2006	(36)
	Canadian Dollar	2,473,915	May 2006	(81)
	Danish Kroner	250,000	May 2006	5,016
	Euro	3,761,348	May 2006	8,871
	Israeli Shekel	663,872	May 2006	(2,776)
	Japanese Yen	3,530,805	May 2006	(63,202)
	Mexican Peso	2,138,323	May 2006	(16,049)
	New Taiwan Dollar	178,040	May 2006	(147)
	New Zealand Dollar	1,977,452	May 2006	41,981
	Polish Zloty	149,910	May 2006	1,157
	Pound Sterling	545,585	May 2006	(445)
	South African Rand	122,781	May 2006	1,578
	Yuan Renminbi	652,081	Oct 2006	(2,023)
				$26,990

326

John Hancock Funds II
Notes to Financial Statements (Unaudited)

SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
		Principal Amount	Settlement	Appreciation
Fund	Currency	Covered by Contract	Date	(Depreciation)
Total Return	Buys
	Japanese Yen	1,070,132,000	Mar 2006	$147,534
	Pound Sterling	2,196,000	Mar 2006	30,197
	Japanese Yen	76,071,000	May 2006	14,827
				$192,558
	Sells
	Euro	24,474,634	Mar 2006	($99,472)
	Euro	79,754,508	Mar 2006	223,386
	Euro	10,498,128	Apr 2006	305,070
				$428,984
Vista	Sells
	Euro	126,616	Mar 2006	($471)
	Euro	151,785	Mar 2006	(592)
	Japanese Yen	1,595,213	Mar 2006	(12,006)
	Swiss Franc	592,652	Mar 2006	(1,005)
				($14,074)

Forward Commitments All Funds may purchase or sell debt securities on a when issued or forward delivery basis, which means that the obligations will be delivered to the Funds at a future date, which may be a month or more after the date of commitment. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated.

The Fund may receive compensation for interest forgone in the purchase of forward delivery securities. With respect to purchase commitments, each Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract, or if the issuer does not issue the securities due to political, economic, or other factors. The value of the securities underlying a forward commitment to purchase securities, and the subsequent fluctuations in their value, are taken into account when determining the Fund’s net asset value starting on the day the Fund agrees to purchase the securities. The market values of the securities purchased on a forward delivery basis are identified in the Portfolio of Investments.

Federal Income Taxes Each Fund qualifies as a “regulated investment company” by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Distribution of Income and Gains The Funds record distributions to shareholders from net investment income and net realized gains, if any, on the ex-dividend date. Distributions paid by the Funds with respect to each class of shares are calculated in the same manner, at the same time and are in the same amount, except for the effect of expenses that may be applied differently to each class. Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from accounting principles generally accepted in the United States of America. Distributions in excess of tax basis earnings and profits, if any, are reported in each Fund’s financial statements as a return of capital.

Capital Accounts The Funds report the undistributed net investment income and accumulated undistributed net realized gain (loss) accounts on a basis approximating amounts available for future tax distributions (or to offset future taxable realized gains when a capital loss carryforward is available). Accordingly, each Fund may periodically make reclassifications among certain capital accounts without affecting its net asset value.

3. INVESTMENT ADVISORY AND OTHER AGREEMENTS

Advisory Fees The Trust has entered into an Investment Advisory Agreement with the Adviser. The Adviser is responsible for managing the corporate and business affairs of the Trust and for selecting and compensating subadvisers to handle the investment and reinvestment of the assets of each Fund, subject to the supervision of the Board of Trustees. Under the Advisory Agreement each Fund pays a monthly management fee to the Adviser equivalent, on an annual basis, to the sum of the listed below rates, expressed as percentages of the Aggregate Net Assets of each Fund. Aggregate Net Assets include the net assets of the Fund and, in most cases, the net assets of one or more other funds, for the period during which the subadviser to the Fund also serves as the subadviser to the other fund(s).

500 Index: 0.470% - first $500 million; and 0.460% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and 500 Index, a series of John Hancock Trust (“JHT”))

Active Bond: 0.600% - at all asset levels
(Aggregate Net Assets include the net assets of the Fund)

All Cap Growth: 0.900% - first $500 million; and 0.850% - excess over $500 million. Effective January 1, 2006, the Adviser voluntarily reduced the advisory fees as follows: 0.850% - first $500 million, 0.825% - next $500 million; and 0.800% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund)

327

John Hancock Funds II
Notes to Financial Statements (Unaudited)

INVESTMENT ADVISORY AND OTHER AGREEMENTS, CONTINUED

All Cap Value: 0.850% - first $250 million; 0.800% - next $250 million; and 0.750% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and All Cap Value, a series of JHT)

Blue Chip Growth: 0.825% - first $1 billion; and 0.800% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund and Blue Chip Growth, a series of JHT)

Capital Appreciation: 0.850% - first $300 million; and 0.800% - excess over $300 million.
(Aggregate Net Assets include the net assets of the Fund and Capital Appreciation, a series of JHT)

Core Bond: 0.690% - first $200 million; 0.640% - next $200 million; and 0.600% - excess over $400 million.
(Aggregate Net Assets include the net assets of the Fund and Core Bond, a series of JHT)

Core Equity: 0.850% - first $350 million; and 0.750% - excess over $350 million.
(Aggregate Net Assets include the net assets of the Fund and Core Equity, a series of JHT)

Emerging Growth: 0.800% - at all asset levels.
(Aggregate Net Assets include the net assets of the Fund and Emerging Growth, a series of JHT)

Emerging Small Company: 1.000% - first $500 million; 0.970% - next $500 million; and 0.950% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund and Emerging Small Company, a series of JHT)

Equity-Income: 0.825% - first $1 billion; and 0.800% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund and Equity-Income, a series of JHT)

Fundamental Value: 0.850% - first $50 million; 0.800% - next $450 million; and 0.750% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Fundamental Value, a series of JHT)

Global Bond: 0.700% - at all asset levels.
(Aggregate Net Assets include the net assets of the Fund)

High Yield: 0.725% - first $500 million; and 0.650% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and High Yield, a series of JHT)

International Equity Index: 0.550% - first $100 million; and 0.530% - excess over $100 million.
(Aggregate Net Assets include the net assets of the Fund and International Equity Index A, a series of JHT)

International Opportunities: 1.000% - first $250 million; 0.950% - next $250 million; and 0.900% -excess over $500 million.
Effective January 1, 2006, the Adviser voluntarily reduced the advisory fees as follows:
0.900% - first $750 million, 0.850% - next $750 million; and 0.800% - excess over $1.5 billion.
(Aggregate Net Assets include the net assets of the Fund and International Opportunities, a series of JHT)

International Small Cap: 1.050% - first $200 million; 0.950% - next $300 million; and 0.850% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and International Small Cap, a series of JHT)

International Stock: 0.920% - first $100 million; 0.895% - next $900 million; and 0.880% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund and International Stock, a series of JHT)

International Value: 0.950% - first $200 million; 0.850% - next $300 million; and 0.800% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund, International Value, a series of JHT and Global, a series of JHT)

Investment Quality Bond: 0.600% - first $500 million; and 0.550% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Investment Quality Bond, a series of JHT)

Large Cap: 0.850% - first $250 million; 0.800% - next $250 million; and 0.750% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Large Cap, a series of JHT)

Large Cap Value: 0.850% - first $300 million; 0.825% - next $200 million; and 0.800% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Large Cap Value, a series of JHT)

Mid Cap Core: 0.950% - first $10 million; 0.900% - next $40 million; 0.875% - next $150 million; 0.850% - next $300 million; and 0.825% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund)

Mid Cap Index: 0.490% - first $250 million; 0.480% - next $250 million; and 0.460% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Mid Cap Index, a series of JHT)

Mid Cap Stock: 0.875% - first $200 million; 0.850% - next $300 million; and 0.825% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Mid Cap Stock, a series of JHT)

Mid Cap Value: 0.900% - first $200 million; 0.850% - next $300 million; and 0.825% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Mid Cap Value, a series of JHT)

328

John Hancock Funds II
Notes to Financial Statements (Unaudited)

INVESTMENT ADVISORY AND OTHER AGREEMENTS, CONTINUED
Natural Resources: 1.050% - first $50 million; and 1.000% - excess over $50 million.
(Aggregate Net Assets include the net assets of the Fund and Natural Resources, a series of JHT)

Quantitative Mid Cap: 0.750% - first $200 million; and 0.650% - excess over $200 million.
(Aggregate Net Assets include the net assets of the Fund and Quantitative Mid Cap, a series of JHT)

Quantitative Value: 0.700% - first $500 million; 0.650% - next $500 million; and 0.600% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund and Quantitative Value, a series of JHT)

Real Estate Securities: 0.700% - at all asset levels.
(Aggregate Net Assets include the net assets of the Fund and Real Estate Securities, a series of JHT)

Real Return Bond: 0.700% - at all asset levels.
(Aggregate Net Assets include the net assets of the Fund)

Small Cap: 0.850% - at all asset levels.
(Aggregate Net Assets include the net assets of the Fund and Small Cap, a series of JHT)

Small Cap Index: 0.490% - first $250 million; 0.480% - next $250 million; and 0.460% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Small Cap Index, a series of JHT)

Small Cap Opportunities: 1.000% - first $500 million; and 0.950% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Small Cap Opportunities, a series of JHT)

Small Company: 1.050% - first $125 million; and 1.000% - excess over $125 million.
(Aggregate Net Assets include the net assets of the Fund and Small Company, a series of JHT)

Small Company Growth: 1.050% - first $250 million; and 1.000% - excess over $250 million.
(Aggregate Net Assets include the net assets of the Fund. However, the applicable rate is 1.000% of all net assets of the Fund when the aggregate net assets of the following exceed $1 billion: the
Fund, All Cap Growth Fund and Mid Cap Core Fund of John Hancock Funds II, and Small Company Growth, All Cap Growth and Mid Cap Core of JHT.)

Small Company Value: 1.050% - first $500 million; and 1.000% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Small Company Value, a series of JHT)

Special Value: 1.000% - first $500 million; and 0.950% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Special Value, a series of JHT)

Spectrum Income: 0.800% - first $250 million; and 0.725% - excess over $250 million.
(Aggregate Net Assets include the net assets of the Fund and Spectrum Income, a series of JHT)

Strategic Bond: 0.725% - first $500 million; and 0.650% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Strategic Bond, a series of JHT)

Strategic Value: 0.850% - first $300 million; 0.825% - next $300 million; 0.800% - next $300 million; 0.775% - next $600 million; and 0.700% - excess over $1.5 billion.
(Aggregate Net Assets include the net assets of the Fund and Strategic Value, a series of JHT)

Total Return: 0.700% - at all asset levels.
(Aggregate Net Assets include the net assets of the Fund)

U.S. Global Leaders Growth: 0.7125% - first $500 million; and 0.675% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and U.S. Global Leaders Growth, a series of JHT)

U.S. Government Securities: 0.650% - first $500 million; and 0.550% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and U.S. Government Securities, a series of JHT)

U.S. High Yield Bond: 0.750% - first $200 million; and 0.720% - excess over $200 million.
(Aggregate Net Assets include the net assets of the Fund and U.S. High Yield Bond, a series of JHT)

U.S. Multi Sector: 0.780% - first $500 million; 0.760% - next $500 million; 0.750% - next $1.5 billion; and 0.740% - excess over $2.5 billion.
(Aggregate Net Assets include the net assets of the Fund and U.S. Multi Sector, a series of JHT)

Value & Restructuring: 0.850% - first $500 million; and 0.800% - excess over $500 million.
(Aggregate Net Assets include the net assets of the Fund and Value & Restructuring, a series of JHT)

Vista: 0.900% - first $250 million; 0.850% - next $250 million; 0.825% - next $500 million; and 0.800% - excess over $1 billion.
(Aggregate Net Assets include the net assets of the Fund and Vista, a series of JHT)

329

John Hancock Funds II
Notes to Financial Statements (Unaudited)

INVESTMENT ADVISORY AND OTHER AGREEMENTS, CONTINUED

Expense Reimbursement The Adviser agreed to voluntarily reduce its advisory fee or reimburse each Fund if the total of all expenses (excluding taxes, portfolio brokerage commissions, interest, litigation and indemnification expenses, extraordinary expenses not incurred in the ordinary course of the Funds’ business, advisory fees, Rule 12b-1 fees, and fees under any agreements or plans of the Funds dealing with services for shareholders and others with beneficial interests in shares of the Funds) exceed the following:

- 0.05% of average daily net assets of 500 Index and International Equity Index;

- 0.75% of average daily net assets of Global Bond, International Opportunities, International Small Cap, International Stock, International Value, Mid Cap Index and Small Cap Index;

- 0.06% of average daily net assets of Emerging Small Company; and

- 0.50% of average daily net assets in the case of all other Funds.

In addition, the Adviser voluntarily agreed to waive a portion of its advisory fee for Blue Chip Growth, Emerging Small Company, Equity-Income, International Value, Mid Cap Index, Small Cap Index, Small Company Value and Spectrum Income in the amount of $57,625, $9,971, $46,376, $56,339, $2,885, $2,851, $34,174 and $25,222, respectively.

The Adviser reserves the right to terminate this limitation at any time.

Administration Fees The Funds have an agreement with the Adviser that requires the Funds to reimburse the Adviser for all expenses associated with providing the administrative, financial, accounting and recordkeeping services of the Funds, including the preparation of all tax returns, annual, semi-annual and periodic reports to shareholders and the preparation of all regulatory reports.

Distribution Plan The Trust has a Distribution Agreement with John Hancock Funds, LLC (“JH Funds”), a wholly owned subsidiary of the Adviser. The Funds have adopted a Distribution Plan with respect to Class 1, pursuant to Rule 12b-1 under the Investment Company Act of 1940, to reimburse JH Funds for the services it provides as distributor of shares of the Funds. Accordingly, the Funds make monthly payments to JH Funds at an annual rate not to exceed 0.05% of average daily net asset value of Class 1. A maximum of 0.25% of such payments may be service fees, as defined by the Conduct Rules of the National Association of Securities Dealers. Under the Conduct Rules, curtailment of a portion of the Fund’s 12b-1 payments could occur under certain circumstances.

Trustees’ Fees The Trust compensates each Trustee who is not an employee of the Adviser or its affiliates. Total Trustees’ expenses are allocated to each Fund based on its average daily net asset value.

4. GUARANTEES AND INDEMNIFICATIONS Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liability arising out of the performance of their duties to the Trust. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience, the Trust believes the risk of loss to be remote.

5. TRANSACTIONS WITH AFFILIATES In accordance with the provisions of Rule 17a-7 under the Investment Company Act of 1940, the following Funds purchased securities from other investment companies managed by the Adviser:

Fund	Securities	Fund	Securities
Active Bond	$30,301,592	Large Cap Value	$51,521,227
All Cap Growth	98,798,769	Mid Cap Core	38,570,448
All Cap Value	86,922,640	Mid Cap Stock	124,413,857
Blue Chip Growth	316,533,066	Mid Cap Value	110,022,338
Capital Appreciation	73,055,233	Natural Resources	175,862,266
Core Bond	54,735,339	Quantitative Mid Cap	119,725,249
Core Equity	137,955,468	Quantitative Value	218,234,113
Emerging Growth	220,368,575	Real Estate Securities	231,747,990
Emerging Small Company	80,407,901	Real Return Bond	30,716,184
Equity-Income	314,487,283	Small Cap	52,695,271
Fundamental Value	181,255,872	Small Cap Opportunities	72,118,864
Global Bond	144,533,513	Small Company	17,136,629
High Yield	243,144,865	Small Company Value	164,993,124
International Opportunities	84,657,804	Special Value	11,223,102
International Small Cap	93,201,858	Strategic Bond	106,952,521
International Stock	160,507,420	Strategic Value	35,432,428
International Value	279,045,705	Total Return	214,557,112
Investment Quality Bond	59,092,020	U.S. Global Leaders Growth	100,184,303
Large Cap	30,397,391	U.S. Government Securities	33,508,063
		U.S. High Yield Bond	41,274,193

The trades were executed at the last sale price at the end of the day on October 14, 2005. All transactions were executed in accordance with Rule 17a-7 policies and procedures approved by the Board of Trustees on September 23, 2005.

Effective October 28, 2005, approximately $12 billion of assets held in separate accounts of John Hancock Life Insurance Company (USA) and invested in certain unaffiliated mutual funds were transferred into the Funds of John Hancock Funds II. All costs associated with the transfer of these assets were borne by the Adviser. In addition, the Adviser or the sub-adviser to the following Funds made payments to the Funds during the period: All Cap Value in the amount of $457,281 effective December 20, 2005; International Opportunities in the amount of $3,948,536 effective December 30, 2005; and Mid Cap Stock in the amount of $1,357,491 effective January 27, 2006. These payments were made to reimburse the Funds for any lost investment opportunity that may have resulted from the timing of the investment of these assets that was effective October 28, 2005.

330

John Hancock Funds II
Notes to Financial Statements (Unaudited)

6. LINE OF CREDIT The Funds have entered into an agreement which enables them to participate, with other funds managed by the Adviser, in a $100 million unsecured committed line of credit with State Street Corporation. Borrowings will be made primarily to temporarily finance the repurchase of capital shares. They may also be used to temporarily finance purchase or sale of securities. Interest is charged to each participating Fund based on its borrowings at a rate per annum equal to the Federal Funds rate plus 0.50% per annum. In addition, a commitment fee of 0.07% per annum, payable at the end of each calendar quarter, based on the average daily-unused portion of the line of credit, is charged to each participating Fund on a prorated basis based on average net assets. For the period ended February 28, 2006 there were no borrowings under the line of credit.

7. CAPITAL SHARES Share activities for the Funds for period ended February 28, 2006 were as follows:

500 Index	Period ended 2-28-06c
	Shares	Amount
Class NAV shares
Sold	25,551,074	$265,270,480
Distributions reinvested	77,276	847,720
Net increase (decrease)	25,628,350	$266,118,200
c Period from 10-29-05 (commencement of operations) to 2-28-06.
Active Bond	Period ended 2-28-06d
	Shares	Amount
Class 1 shares
Sold	3,970,452	$38,159,068
Distributions reinvested	23,216	223,338
Repurchased	(288,072)	(2,774,277)
Net increase (decrease)	3,705,596	$35,608,129
Class NAV shares
Sold	37,081,989	$355,777,385
Distributions reinvested	229,241	2,203,004
Repurchased	(95,451)	(919,277)
Net increase (decrease)	37,215,779	$357,061,112
Net increase (decrease)	40,921,375	$392,669,241
d Class 1 and Class NAV shares began operations on 10-15-05 and 10-27-05, respectively.
All Cap Growth	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	2,192,414	$34,056,844
Distributions reinvested	923	15,666
Repurchased	(133,996)	(2,251,755)
Net increase (decrease)	2,059,341	$31,820,755
Class NAV shares
Sold	6,269,370	$98,232,881
Distributions reinvested	2,919	49,558
Net increase (decrease)	6,272,289	$98,282,439
Net increase (decrease)	8,331,630	$130,103,194
a Period from 10-15-05 (commencement of operations) to 2-28-06.
All Cap Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,311,006	$18,246,267
Distributions reinvested	1,978	29,388
Repurchased	(136,320)	(2,038,128)
Net increase (decrease)	1,176,664	$16,237,527
Class NAV shares
Sold	11,187,012	$155,722,519
Distributions reinvested	18,130	268,692
Net increase (decrease)	11,205,142	$155,991,211
Net increase (decrease)	12,381,806	$172,228,738
a Period from 10-15-05 (commencement of operations) to 2-28-06.

331

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED

Blue Chip Growth	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	7,414,455	$122,806,494
Distributions reinvested	5,306	96,099
Repurchased	(378,750)	(6,669,464)
Net increase (decrease)	7,041,011	$116,233,129
Class NAV shares
Sold	57,027,957	$957,502,698
Distributions reinvested	44,161	798,874
Repurchased	(168,634)	(2,965,390)
Net increase (decrease)	56,903,484	$955,336,182
Net increase (decrease)	63,944,495	$1,071,569,311
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Capital Appreciation	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,889,634	$17,826,844
Repurchased	(109,957)	(1,092,625)
Net increase (decrease)	1,779,677	$16,734,219
Class NAV shares
Sold	28,009,122	$263,611,365
Repurchased	(238,202)	(2,352,332)
Net increase (decrease)	27,770,920	$261,259,033
Net increase (decrease)	29,550,597	$277,993,252
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Core Bond	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	31,671	$397,007
Distributions reinvested	73	911
Repurchased	(1,070)	(13,407)
Net increase (decrease)	30,674	$384,511
Class NAV shares
Sold	13,942,345	$174,171,997
Distributions reinvested	91,474	1,142,506
Repurchased	(2,064)	(25,865)
Net increase (decrease)	14,031,755	$175,288,638
Net increase (decrease)	14,062,429	$175,673,149
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Core Equity	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	592,824	$8,280,474
Repurchased	(29,123)	(432,690)
Net increase (decrease)	563,701	$7,847,784
Class NAV shares
Sold	33,622,792	$468,998,544
Repurchased	(609,027)	(9,172,421)
Net increase (decrease)	33,013,765	$459,826,123
Net increase (decrease)	33,577,466	$467,673,907
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Emerging Growth	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	13,751,629	$225,491,011
Repurchased	(7,543,616)	(123,852,338)
Net increase (decrease)	6,208,013	$101,638,673
Class NAV shares
Sold	2,347,198	$38,509,694
Repurchased	(39,470)	(692,706)
Net increase (decrease)	2,307,728	$37,816,988
Net increase (decrease)	8,515,741	$139,455,661

a Period from 10-15-05 (commencement of operations) to 2-28-06.

332

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED

Emerging Small Company	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,877,330	$53,048,601
Repurchased	(137,010)	(4,191,066)
Net increase (decrease)	1,740,320	$48,857,535
Class NAV shares
Sold	1,100,027	$30,997,159
Repurchased	(1,100,027)	(30,756,765)
Net increase (decrease)	—	$240,394
Net increase (decrease)	1,740,320	$49,097,929
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Equity-Income	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	9,977,103	$160,199,580
Distributions reinvested	35,892	612,671
Repurchased	(385,984)	(6,535,370)
Net increase (decrease)	9,627,011	$154,276,881
Class NAV shares
Sold	39,227,744	$634,810,505
Distributions reinvested	139,155	2,371,194
Repurchased	(20,773)	(345,897)
Net increase (decrease)	39,346,126	$636,835,802
Net increase (decrease)	48,973,137	$791,112,683
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Fundamental Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	3,749,428	$54,162,473
Distributions reinvested	7,132	109,544
Repurchased	(106,302)	(1,609,378)
Net increase (decrease)	3,650,258	$52,662,639
Class NAV shares
Sold	39,187,550	$571,792,504
Distributions reinvested	80,076	1,226,769
Repurchased	(8,096)	(119,942)
Net increase (decrease)	39,259,530	$572,899,331
Net increase (decrease)	42,909,788	$625,561,970
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Global Bond	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	2,917,693	$42,461,405
Distributions reinvested	15,790	227,540
Repurchased	(319,388)	(4,594,895)
Net increase (decrease)	2,614,095	$38,094,050
Class NAV shares
Sold	34,705,083	$500,913,673
Distributions reinvested	194,896	2,800,652
Repurchased	(72,519)	(1,035,698)
Net increase (decrease)	34,827,460	$502,678,627
Net increase (decrease)	37,441,555	$540,772,677
a Period from 10-15-05 (commencement of operations) to 2-28-06.

333

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED

High Yield	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	4,027,104	$40,706,893
Distributions reinvested	46,771	473,790
Repurchased	(324,109)	(3,311,113)
Net increase (decrease)	3,749,766	$37,869,570
Class NAV shares
Sold	137,053,082	$1,383,334,948
Distributions reinvested	1,649,072	16,639,138
Repurchased	(271,467)	(2,752,259)
Net increase (decrease)	138,430,687	$1,397,221,827
Net increase (decrease)	142,180,453	$1,435,091,397
a Period from 10-15-05 (commencement of operations) to 2-28-06.
International Equity Index	Period ended 2-28-06c
	Shares	Amount
Class NAV shares
Sold	10,576,953	$165,389,497
Distributions reinvested	125,191	2,080,681
Repurchased	(75,984)	(1,298,240)
Net increase (decrease)	10,626,160	$166,171,938
c Period from 10-29-05 (commencement of operations) to 2-28-06.
International Opportunities	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	180,963	$2,678,695
Distributions reinvested	2,942	42,136
Repurchased	(9,585)	(140,939)
Net increase (decrease)	174,320	$2,579,892
Class NAV shares
Sold	26,997,359	$368,225,318
Distributions reinvested	1,294,924	18,582,164
Repurchased	(755,487)	(11,122,764)
Net increase (decrease)	27,536,796	$375,684,718
Net increase (decrease)	27,711,116	$378,264,610
a Period from 10-15-05 (commencement of operations) to 2-28-06.
International Small Cap	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,859,493	$34,462,298
Distributions reinvested	3,177	59,757
Repurchased	(221,952)	(4,201,511)
Net increase (decrease)	1,640,718	$30,320,544
Class NAV shares
Sold	25,567,040	$465,549,831
Distributions reinvested	54,397	1,022,670
Repurchased	(22,354)	(420,031)
Net increase (decrease)	25,599,083	$466,152,470
Net increase (decrease)	27,239,801	$496,473,014
a Period from 10-15-05 (commencement of operations) to 2-28-06.

334

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED
International Stock	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	2,469,327	$29,772,930
Distributions reinvested	49,782	625,258
Repurchased	(150,001)	(1,864,976)
Net increase (decrease)	2,369,108	$28,533,212
Class NAV shares
Sold	69,853,987	$827,718,211
Distributions reinvested	1,555,823	19,525,582
Repurchased	(1,328,315)	(16,655,645)
Net increase (decrease)	70,081,495	$830,588,148
Net increase (decrease)	72,450,603	$859,121,360
a Period from 10-15-05 (commencement of operations) to 2-28-06.
International Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	7,140,855	$108,735,984
Distributions reinvested	22,472	353,039
Repurchased	(279,476)	(4,355,438)
Net increase (decrease)	6,883,851	$104,733,585
Class NAV shares
Sold	54,049,335	$808,713,637
Distributions reinvested	183,500	2,875,449
Repurchased	(162,141)	(2,590,323)
Net increase (decrease)	54,070,694	$808,998,763
Net increase (decrease)	60,954,545	$913,732,348
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Investment Quality Bond	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	2,970,755	$35,178,481
Distributions reinvested	23,086	272,643
Repurchased	(202,582)	(2,399,494)
Net increase (decrease)	2,791,259	$33,051,630
Class NAV shares
Sold	7,105,998	$83,955,627
Distributions reinvested	58,406	689,195
Repurchased	(35,589)	(421,728)
Net increase (decrease)	7,128,815	$84,223,094
Net increase (decrease)	9,920,074	$117,274,724
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Large Cap	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	214,285	$3,030,651
Distributions reinvested	100	1,427
Repurchased	(109,133)	(1,549,401)
Net increase (decrease)	105,252	$1,482,677
Class NAV shares
Sold	11,646,054	$157,218,581
Distributions reinvested	14,836	212,012
Net increase (decrease)	11,660,890	$157,430,593
Net increase (decrease)	11,766,142	$158,913,270

a Period from 10-15-05 (commencement of operations) to 2-28-06.

335

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED
Large Cap Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	638,932	$13,176,257
Distributions reinvested	1,106	24,236
Repurchased	(58,509)	(1,266,182)
Net increase (decrease)	581,529	$11,934,311
Class NAV shares
Sold	6,525,001	$133,720,033
Distributions reinvested	13,349	293,006
Net increase (decrease)	6,538,350	$134,013,039
Net increase (decrease)	7,119,879	$145,947,350
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Mid Cap Core	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	506,151	$8,110,447
Distributions reinvested	480	8,276
Repurchased	(23,190)	(393,620)
Net increase (decrease)	483,441	$7,725,103
Class NAV shares
Sold	19,757,361	$317,229,951
Distributions reinvested	21,720	374,238
Net increase (decrease)	19,779,081	$317,604,189
Net increase (decrease)	20,262,522	$325,329,292
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Mid Cap Index	Period ended 2-28-06c
	Shares	Amount
Class NAV shares
Sold	3,368,106	$56,928,168
Distributions reinvested	5,412	98,937
Net increase (decrease)	3,373,518	$57,027,105
c Period from 10-29-05 (commencement of operations) to 2-28-06.
Mid Cap Stock	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	6,591,155	$92,347,833
Distributions reinvested	7,197	110,835
Repurchased	(161,963)	(2,449,457)
Net increase (decrease)	6,436,389	$90,009,211
Class NAV shares
Sold	10,468,630	$146,872,717
Distributions reinvested	12,654	195,005
Repurchased	(12,861)	(193,438)
Net increase (decrease)	10,468,423	$146,874,284
Net increase (decrease)	16,904,812	$236,883,495
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Mid Cap Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	4,672,309	$82,834,932
Distributions reinvested	8,173	156,020
Repurchased	(134,537)	(2,515,334)
Net increase (decrease)	4,545,945	$80,475,618
Class NAV shares
Sold	6,795,131	$121,089,866
Distributions reinvested	12,119	230,981
Net increase (decrease)	6,807,250	$121,320,847
Net increase (decrease)	11,353,195	$201,796,465

a Period from 10-15-05 (commencement of operations) to 2-28-06.

336

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED
Natural Resources	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,929,288	$57,166,298
Distributions reinvested	1,596	51,094
Repurchased	(180,237)	(5,618,896)
Net increase (decrease)	1,750,647	$51,598,496
Class NAV shares
Sold	23,578,533	$674,582,319
Distributions reinvested	21,664	691,085
Repurchased	(5,042,157)	(151,337,884)
Net increase (decrease)	18,558,040	$523,935,520
Net increase (decrease)	20,308,687	$575,534,016
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Quantitative Mid Cap	Period ended 2-28-06d
	Shares	Amount
Class 1 shares
Sold	9,656,852	$131,826,789
Distributions reinvested	4,513	67,202
Repurchased	(344,770)	(5,036,014)
Net increase (decrease)	9,316,595	$126,857,977
Class NAV shares
Sold	2,861,457	$39,558,858
Distributions reinvested	1,504	22,396
Net increase (decrease)	2,862,961	$39,581,254
Net increase (decrease)	12,179,556	$166,439,231
d Class 1 and Class NAV shares began operations on 10-15-05 and 10-27-05, respectively.
Quantitative Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	11,590,966	$163,560,152
Distributions reinvested	20,598	316,796
Repurchased	(6,188,664)	(88,334,912)
Net increase (decrease)	5,422,900	$75,542,036
Class NAV shares
Sold	16,426,174	$234,366,703
Distributions reinvested	59,655	917,492
Repurchased	(10,149)	(152,737)
Net increase (decrease)	16,475,680	$235,131,458
Net increase (decrease)	21,898,580	$310,673,494
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Real Estate Securities	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	5,705,744	$131,901,365
Distributions reinvested	39,680	993,592
Repurchased	(396,146)	(9,760,392)
Net increase (decrease)	5,349,278	$123,134,565
Class NAV shares
Sold	21,295,969	$499,822,797
Distributions reinvested	153,456	3,836,410
Repurchased	(538,692)	(13,693,798)
Net increase (decrease)	20,910,733	$489,965,409
Net increase (decrease)	26,260,011	$613,099,974

a Period from 10-15-05 (commencement of operations) to 2-28-06.

337

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED

Real Return Bond	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,227,291	$16,581,583
Distributions reinvested	10,547	140,167
Repurchased	(109,694)	(1,476,615)
Net increase (decrease)	1,128,144	$15,245,135
Class NAV shares
Sold	45,256,032	$604,972,631
Distributions reinvested	402,138	5,308,220
Repurchased	(32,911)	(439,493)
Net increase (decrease)	45,625,259	$609,841,358
Net increase (decrease)	46,753,403	$625,086,493
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Small Cap	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	32,179	$472,306
Repurchased	(5,409)	(78,191)
Net increase (decrease)	26,770	$394,115
Class NAV shares
Sold	13,696,604	$185,137,581
Repurchased	(29,225)	(438,331)
Net increase (decrease)	13,667,379	$184,699,250
Net increase (decrease)	13,694,149	$185,093,365
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Small Cap Index	Period ended 2-28-06c
	Shares	Amount
Class NAV shares
Sold	3,976,538	$55,951,009
Distributions reinvested	5,687	86,672
Net increase (decrease)	3,982,225	$56,037,681
c Period from 10-29-05 (commencement of operations) to 2-28-06.
Small Cap Opportunities	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,179,618	$25,458,533
Distributions reinvested	2,275	52,542
Repurchased	(59,898)	(1,360,841)
Net increase (decrease)	1,121,995	$24,150,234
Class NAV shares
Sold	9,771,939	$208,700,510
Distributions reinvested	21,585	496,243
Net increase (decrease)	9,793,524	$209,196,753
Net increase (decrease)	10,915,519	$233,346,987
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Small Company	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	402,945	$6,256,229
Repurchased	(19,044)	(314,389)
Net increase (decrease)	383,901	$5,941,840
Class NAV shares
Sold	4,651,307	$70,603,715
Repurchased	(57,873)	(982,707)
Net increase (decrease)	4,593,434	$69,621,008
Net increase (decrease)	4,977,335	$75,562,848

a Period from 10-15-05 (commencement of operations) to 2-28-06.

338

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED

Small Company Growth	Period ended 2-28-06b
	Shares	Amount
Class NAV shares
Sold	5,640,644	$56,548,324
Net increase (decrease)	5,640,644	$56,548,324
b Period from 10-29-05 (commencement of operations) to 2-28-06.
Small Company Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	6,170,136	$130,498,511
Distributions reinvested	11,964	272,671
Repurchased	(224,992)	(5,130,855)
Net increase (decrease)	5,957,108	$125,640,327
Class NAV shares
Sold	8,696,355	$184,783,636
Distributions reinvested	17,657	401,689
Repurchased	(11,255)	(262,418)
Net increase (decrease)	8,702,757	$184,922,907
Net increase (decrease)	14,659,865	$310,563,234
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Special Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	150,708	$2,865,794
Distributions reinvested	60	1,203
Repurchased	(7,726)	(157,108)
Net increase (decrease)	143,042	$2,709,889
Class NAV shares
Sold	5,222,567	$98,734,853
Distributions reinvested	3,993	80,457
Net increase (decrease)	5,226,560	$98,815,310
Net increase (decrease)	5,369,602	$101,525,199
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Spectrum Income	Period ended 2-28-06b
	Shares	Amount
Class NAV shares
Sold	62,773,651	$628,631,793
Distributions reinvested	394,581	3,989,211
Repurchased	(41,575)	(418,153)
Net increase (decrease)	63,126,657	$632,202,851
b Period from 10-29-05 (commencement of operations) to 2-28-06.
Strategic Bond	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	3,418,684	$40,526,323
Distributions reinvested	28,020	332,313
Repurchased	(177,323)	(2,108,853)
Net increase (decrease)	3,269,381	$38,749,783
Class NAV shares
Sold	38,868,749	$459,918,793
Distributions reinvested	323,699	3,832,601
Repurchased	(41,243)	(489,564)
Net increase (decrease)	39,151,205	$463,261,830
Net increase (decrease)	42,420,586	$502,011,613

a Period from 10-15-05 (commencement of operations) to 2-28-06.

339

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED

Strategic Value	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,297,525	$13,420,984
Distributions reinvested	1,752	18,908
Repurchased	(91,531)	(986,034)
Net increase (decrease)	1,207,746	$12,453,858
Class NAV shares
Sold	11,210,981	$115,583,452
Distributions reinvested	16,987	182,610
Net increase (decrease)	11,227,968	$115,766,062
Net increase (decrease)	12,435,714	$128,219,920
a Period from 10-15-05 (commencement of operations) to 2-28-06.
Total Return	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	8,374,816	$114,755,432
Distributions reinvested	52,640	721,705
Repurchased	(303,791)	(4,171,129)
Net increase (decrease)	8,123,665	$111,306,008
Class NAV shares
Sold	67,687,909	$923,152,829
Distributions reinvested	421,069	5,760,221
Repurchased	(178,075)	(2,438,702)
Net increase (decrease)	67,930,903	$926,474,348
Net increase (decrease)	76,054,568	$1,037,780,356
a Period from 10-15-05 (commencement of operations) to 2-28-06.
U.S. Global Leaders Growth	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	1,853,602	$23,746,090
Distributions reinvested	798	10,881
Repurchased	(102,343)	(1,369,496)
Net increase (decrease)	1,752,057	$22,387,475
Class NAV shares
Sold	29,987,022	$397,714,310
Distributions reinvested	14,554	198,525
Net increase (decrease)	30,001,576	$397,912,835
Net increase (decrease)	31,753,633	$420,300,310
a Period from 10-15-05 (commencement of operations) to 2-28-06.
U.S. Government Securities	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	3,705,330	$50,171,864
Distributions reinvested	24,343	328,635
Repurchased	(315,211)	(4,266,743)
Net increase (decrease)	3,414,462	$46,233,756
Class NAV shares
Sold	10,772,472	$145,384,289
Distributions reinvested	72,313	974,052
Repurchased	(97,674)	(1,318,996)
Net increase (decrease)	10,747,111	$145,039,345
Net increase (decrease)	14,161,573	$191,273,101

a Period from 10-15-05 (commencement of operations) to 2-28-06.

340

John Hancock Funds II
Notes to Financial Statements (Unaudited)

CAPITAL SHARES, CONTINUED
U.S. High Yield Bond	Period ended 2-28-06a
	Shares	Amount
Class 1 shares
Sold	58,080	$748,606
Distributions reinvested	136	1,743
Repurchased	(13,077)	(169,098)
Net increase (decrease)	45,139	$581,251
Class NAV shares
Sold	12,530,528	$160,097,268
Distributions reinvested	160,060	2,045,560
Net increase (decrease)	12,690,588	$162,142,828
Net increase (decrease)	12,735,727	$162,724,079
a Period from 10-15-05 (commencement of operations) to 2-28-06.
U.S. Multi Sector	Period ended 2-28-06b
	Shares	Amount
Class NAV shares
Sold	101,914,226	$1,023,363,825
Distributions reinvested	134,960	1,421,127
Repurchased	(27,371)	(282,604)
Net increase (decrease)	102,021,815	$1,024,502,348
b Period from 10-29-05 (commencement of operations) to 2-28-06.
Value & Restructuring	Period ended 2-28-06b
	Shares	Amount
Class NAV shares
Sold	15,977,733	$160,240,003
Distributions reinvested	37,778	406,118
Repurchased	(234,006)	(2,550,460)
Net increase (decrease)	15,781,505	$158,095,661
b Period from 10-29-05 (commencement of operations) to 2-28-06.
Vista	Period ended 2-28-06b
	Shares	Amount
Class NAV shares
Sold	9,679,275	$97,277,527
Net increase (decrease)	9,679,275	$97,277,527

b Period from 10-29-05 (commencement of operations) to 2-28-06.

341

John Hancock Funds II
Notes to Financial Statements (Unaudited)

8. INVESTMENT TRANSACTIONS The following summarizes the securities transactions (except for short-term investments) for the Funds for the period ended February 28, 2006:

		Purchases	Sales and Maturities
FUND	U.S. Government	Other Issuers	U.S. Government	Other Issuers
500 Index	—	$247,680,387	—	$2,835,796
Active Bond	$810,032,344	167,774,561	$562,577,099	23,468,413
All Cap Growth	—	183,505,036	—	56,537,334
All Cap Value	—	199,296,460	—	33,057,634
Blue Chip Growth	—	1,171,093,062	—	109,081,833
Capital Appreciation	—	335,591,057	—	60,939,005
Core Bond	455,938,110	170,592,222	391,994,178	46,437,092
Core Equity	—	479,813,534	—	18,832,942
Emerging Growth	5,940,288	250,186,282	2,995,623	119,626,049
Emerging Small Company	—	90,631,865	—	43,233,512
Equity-Income	—	789,826,652	—	34,940,120
Fundamental Value	—	596,411,827	—	4,805,980
Global Bond	559,770,071	859,654,814	527,245,514	427,377,621
High Yield	—	1,557,107,271	—	244,167,880
International Equity Index	—	159,645,637	—	1,605,066
International Opportunities	—	524,943,554	—	168,180,486
International Small Cap	—	590,290,658	—	149,725,678
International Stock	7,660,655	1,362,979,094	—	568,297,623
International Value	—	1,141,836,488	—	283,479,438
Investment Quality Bond	51,209,484	70,775,041	16,354,703	2,461,688
Large Cap	—	170,607,708	—	16,646,635
Large Cap Value	—	181,600,992	—	35,937,616
Mid Cap Core	—	396,238,526	—	138,073,736
Mid Cap Index	—	55,796,765	—	2,865,369
Mid Cap Stock	—	353,785,748	—	126,770,017
Mid Cap Value	—	215,127,324	—	24,259,122
Natural Resources	—	970,544,551	—	411,476,800
Quantitative Mid Cap	—	228,846,620	—	66,274,439
Quantitative Value	—	474,732,153	—	167,092,008
Real Estate Securities	—	763,848,199	—	155,169,748
Real Return Bond	874,490,638	92,727,574	257,534,344	48,892,331
Small Cap	—	219,552,792	—	41,181,212
Small Cap Index	—	54,502,436	—	1,868,727
Small Cap Opportunities	—	263,014,162	—	44,274,816
Small Company	—	110,607,896	—	35,337,751
Small Company Growth	—	65,953,794	—	10,388,095
Small Company Value	—	322,622,223	—	26,117,829
Special Value	—	101,464,774	—	5,897,273
Spectrum Income	273,969,917	628,276,486	158,845,607	163,083,033
Strategic Bond	396,075,435	259,647,130	172,204,998	30,248,311
Strategic Value	—	142,418,169	—	16,560,563
Total Return	2,232,888,492	467,406,934	1,741,686,238	19,965,549
U.S. Global Leaders Growth	—	426,017,954	—	9,265,106
U.S. Government Securities	311,038,922	—	130,765,150	—
U.S. High Yield Bond	—	189,956,086	—	35,157,886
U.S. Multi Sector	—	1,803,995,729	—	831,576,382
Value & Restructuring	—	166,956,655	—	10,135,309
Vista	—	171,133,999	—	75,056,743

342

John Hancock Funds II
Notes to Financial Statements (Unaudited)

INVESTMENT TRANSACTIONS, CONTINUED

At February 28, 2006, the aggregate cost of investments was the same for federal income tax and financial statement purposes. The net unrealized appreciation/ (depreciation) of investment securities for federal income tax purposes is as follows:

	Gross Unrealized	Gross Unrealized	Net Unrealized
Fund	Appreciation	(Depreciation)	Appreciation/(Depreciation)
500 Index	$19,774,881	($3,272,704)	$16,502,177
Active Bond	1,313,399	(1,211,995)	101,404
All Cap Growth	13,734,434	(1,387,326)	12,347,108
All Cap Value	16,678,490	(1,539,540)	15,138,950
Blue Chip Growth	92,655,143	(10,443,633)	82,211,510
Capital Appreciation	22,144,011	(2,631,436)	19,512,575
Core Bond	376,778	(599,006)	(222,228)
Core Equity	38,789,681	(5,608,277)	33,181,404
Emerging Growth	24,970,081	(3,519,778)	21,450,303
Emerging Small Company	7,926,578	(882,213)	7,044,365
Equity-Income	63,123,307	(6,922,111)	56,201,196
Fundamental Value	37,586,831	(7,031,092)	30,555,739
Global Bond	873,022	(2,758,391)	(1,885,369)
High Yield	32,858,517	(11,617,469)	21,241,048
International Equity Index	23,905,601	(2,433,899)	21,471,702
International Opportunities	61,137,057	(2,953,463)	58,183,594
International Small Cap	65,212,511	(11,164,809)	54,047,702
International Stock	108,099,709	(9,429,060)	98,670,649
International Value	91,332,561	(16,708,579)	74,623,982
Investment Quality Bond	588,122	(592,307)	(4,185)
Large Cap	11,769,847	(1,988,730)	9,781,117
Large Cap Value	12,532,558	(1,317,380)	11,215,178
Mid Cap Core	20,618,471	(2,450,620)	18,167,851
Mid Cap Index	7,212,656	(887,976)	6,324,680
Mid Cap Stock	33,251,019	(5,161,919)	28,089,100
Mid Cap Value	17,355,761	(5,272,060)	12,083,701
Natural Resources	93,694,769	(7,237,410)	86,457,359
Quantitative Mid Cap	21,871,689	(2,083,824)	19,787,865
Quantitative Value	24,299,321	(4,546,854)	19,752,467
Real Estate Securities	82,480,571	(292,638)	82,187,933
Real Return Bond	6,061,466	(442,215)	5,619,251
Small Cap	28,572,464	(4,293,991)	24,278,473
Small Cap Index	9,004,320	(1,105,739)	7,898,581
Small Cap Opportunities	31,863,923	(4,683,086)	27,180,837
Small Company	9,458,642	(1,568,813)	7,889,829
Small Company Growth	8,273,178	(1,121,198)	7,151,980
Small Company Value	47,201,962	(4,804,675)	42,397,287
Special Value	11,419,164	(1,603,880)	9,815,284
Spectrum Income	13,803,688	(3,106,908)	10,696,780
Strategic Bond	4,511,525	(1,724,061)	2,787,464
Strategic Value	10,328,824	(3,371,821)	6,957,003
Total Return	4,193,531	(2,780,011)	1,413,520
U.S. Global Leaders Growth	13,307,661	(9,765,925)	3,541,736
U.S. Government Securities	663,492	(450,770)	212,722
U.S. High Yield Bond	2,845,431	(676,692)	2,168,739
U.S. Multi Sector	66,600,182	(17,679,520)	48,920,662
Value & Restructuring	20,260,336	(2,959,470)	17,300,866
Vista	14,345,761	(892,852)	13,452,909

343

John Hancock Funds II
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees (Unaudited)

This section describes the evaluation by the Board of Trustees of the Advisory Agreement and each of the Subadvisory Agreements.

EVALUATION BY THE BOARD OF TRUSTEES

The Board, including the Independent Trustees, is responsible for selecting the Trust’s investment adviser, John Hancock Investment Management Services, LLC (the “Adviser” or “JHIMS”), approving the Adviser’s selection of subadvisers for each series of the Trust (the “Funds”) and approving the Trust’s advisory and subadvisory agreements, their periodic continuation and any amendments. Consistent with SEC rules, the Board will regularly evaluate the Trust’s advisory and subadvisory arrangements, including consideration of the six factors listed below. The Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. The Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, the Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel. The six factors to be regularly considered by the Board are:

1. the nature, extent and quality of the services to be provided by the Adviser to the Trust and by the subadvisers to the Funds;

2. the investment performance of the Funds and their subadvisers;

3. the extent to which economies of scale would be realized as a Fund grows;

4. whether fee levels reflect these economies of scale for the benefit of Trust shareholders;

5. the costs of the services to be provided and the profits to be realized by the Adviser and its affiliates from the Adviser’s relationship with the Trust; and

6. comparative services rendered and comparative advisory and subadvisory fee rates.

The Board believes that information relating to all six factors is relevant to its evaluation of the Trust’s advisory agreement. With respect to its evaluation of subadvisory agreements, the Board believes that, in view of the Trust’s “manager-of-managers” advisory structure: factors (1), (2) and (6) are of primary relevance; factors (3) and (4) generally are less signifi-cant to the Trustees’ considerations because subadvisory fees are paid to subadvisers by the Adviser and not directly by the Funds, and issues pertaining to economies of scale are considered in connection with the approval of the advisory fees that are paid directly by the Funds; and with respect to those subadvisers that are not affiliated with the Adviser, because the Board relies on the ability of the Adviser to negotiate the subadvisory fees at arms-length, factor (5) generally is also less signifi-cant to the Trustees’ considerations except in those circumstances in which such attention may be warranted because the comparative fee information considered in connection with factor (6) indicates that the subadvisory fees will materially exceed those normally charged under comparable circumstances.

In evaluating subadvisory arrangements, the Board also considers other material business relationships that unaffiliated subadvisers and their affiliates have with the Adviser or its affiliates, including the involvement by certain affiliates of certain subadvisers in the distribution of financial products, including shares of the Trust, offered by the Adviser and other affiliates of the Adviser (“Material Relationships”).

APPROVAL OF ADVISORY AGREEMENT

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Advisory Agreement between the Trust and JHIMS with respect to each of the Funds.

In approving the Advisory Agreement, and with reference to the six factors that it considers, the Board:

1 (a) considered the high value to the Trust of JHIMS’s long relationship with investment companies within the same fund complex as the Trust, the skills and competency which JHIMS has demonstrated in managing the affairs and subadvisory relationships of these other investment companies, JHIMS’s ability to oversee and monitor the subadvisers’ investment performance and compliance programs and the qualifications of JHIMS’ personnel,

(b) considered JHIMS’s compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments, and

(c) considered JHIMS’s administrative capabilities, including its ability to supervise the other service providers for the Funds and concluded that JHIMS may reasonably be expected to ably perform its services under the Advisory Agreement;

2 reviewed the investment performance of comparably managed funds of each of the Funds; the comparative performance of their respective benchmarks and comparable funds (i.e., funds having approximately the same investment objective); and JHIMS’ analysis of such performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds; and concluded that each of the comparably managed funds has generally performed well or within a range that the Board deemed competitive except as discussed in Appendix A, and that JHIMS may reasonably be expected to ably monitor the performance of the Funds and each of their subadvisers;

3 & 4 reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded (a) that to the extent that Funds have sub-advisory fees with breakpoints, those breakpoints are reflected as breakpoints in the advisory fees for Funds, (b) that all Funds with a subadviser that is not affiliated with the Adviser have subadvisory fees which are the product of arms-length negotiations between the Adviser and the subadviser and which in many, but not all, cases contain breakpoints, and (c) that, although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow;

5 (a) reviewed the financial statements of JHIMS and John Hancock Life Insurance Company (U.S.A.) (“JHLICO (U.S.A.)”) and considered an analysis presented by JHIMS regarding the estimated net profitability to JHIMS of the advisory fee structure;

(b) reviewed the profitability of the JHIMS’ relationship with the Funds in terms of the total amount of annual advisory fees it is estimated to receive with respect to the Funds and whether JHIMS has the financial ability to provide a high level of services to the Funds,

(c) considered that JHIMS will derive reputational and other indirect benefits from providing advisory services to the Funds, and

344

John Hancock Funds II
Evaluation of Advisory and Subadvisory Agreements by the Board of Trustees (Unaudited) — continued

APPROVAL OF ADVISORY AGREEMENT, CONTINUED

(d) noted that JHIMS will pay the subadvisory fees out of the advisory fees JHIMS receives from the Funds and concluded that the advisory fees to be paid by the Trust with respect to the Funds are not unreasonable in light of such information; and

6 reviewed comparative information with respect to the proposed advisory fee rates and concluded that the Trust’s anticipated advisory fees are within the range of those incurred by other comparable funds and that the Trust’s advisory structure is thus competitive within the industry. In considering the proposed advisory fee rates, the Board took into account the high level of services expected to be provided to the Funds and the other factors considered.

Additional information that the Board considered for a particular Fund is set forth in Appendix A.

APPROVAL OF SUBADVISORY AGREEMENTS

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Subadvisory Agreements.

In making its determination with reference to these respective factors, the Board reviewed:

(1) information relating to each subadviser’s business, which may include information such as: business performance, representative clients, assets under management, financial stability, personnel and, if applicable, past subadvisory services to affiliated funds of the Trust;

(2) the investment performance of comparatively managed funds of the Fund and comparative performance information relating to the comparatively managed fund’s benchmark and comparable funds;

(3) the proposed subadvisory fee for each Fund and comparative fee information; and

(4) information relating to the nature and scope of Material Relationships and their significance to the Trust’s adviser and unaffiliated subadvisers.

The Board’s decision to approve each Subadvisory Agreement was based on a number of determinations, including the following:

1 The Subadviser has extensive experience and demonstrated skills as a manager;

2 Although not without variation, the current and historical performance of the comparably managed funds of Subadviser to the Funds generally has been within the range of the current and historical performance of comparable funds and the comparably managed funds’ respective benchmarks;

3 With respect to each subadviser that is not affiliated with the Adviser, the subadvisory fees are a product of arms-length negotiation between the Adviser and the subadviser and generally are within the range of industry norms; and

4 The Material Relationships consist of arrangements in which unaffiliated subadvisers or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s adviser or its affiliates, which may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans, and which in no case contained elements that would cause the Board to conclude that approval of the subadvisory agreement with the subadviser would be inappropriate. See (5) below for information relating to the business arrangement between the Trust’s Adviser and Grantham, Mayo, Van Otterloo & Co. LLC (“GMO”).

5 As a part of the overall business arrangement between the Adviser and GMO under which the Adviser has obtained exclusive rights to certain GMO investment management services for up to five years, the Adviser has agreed that under certain circumstances it (and not the Trust or the particular Fund) will pay GMO a specified amount (ranging from $1 to $12 million) if the Subadvisory Agreement with respect to any of the following Funds to be subadvised by GMO is terminated within a five year period from the date of its effectiveness: U.S. Core Fund, Active Value Fund, Intrinsic Value Fund, Growth Fund, International Core Fund, International Growth Fund, Global Fund, Value Opportunities Fund and Growth Opportunities Fund.

The Adviser has also agreed that, subject to its fiduciary duties as an investment adviser to each of these Funds and its shareholders, it will not recommend to the Board of Trustees to terminate the Subadvisory Agreement with respect to any of the Funds or to reduce any of the fees payable thereunder to GMO for a five year period from the date of effectiveness of the agreement. Substantially similar agreements (with varying amounts to be paid upon termination) also apply with respect to certain other John Hancock funds that are or will be advised by the Adviser and subadvised by GMO. The Trust is not a party to any of these arrangements, and they are not binding upon the Trust, the Trust Funds subadvised by GMO or the Board of Trustees. However, these arrangements present certain conflicts of interest because the Adviser has a financial incentive to support the continuation of GMO Subadvisory Agreements for as long as the termination provisions described above remain in effect. In approving the Advisory Agreement and the Sub-advisory Agreement with respect to each of the Funds subadvised by GMO, the Board of Trustees, including the Independent Trustees, was aware of and considered these potential conflicts of interest, including any financial obligations of the Adviser to GMO.

The Board concluded that, notwithstanding the potential conflicts of interest, approval of the Advisory Agreement and the Subadvisory Agreements with GMO is in the best interests of shareholders and contract owners in view of (i) the Adviser's fiduciary duty and the Board's fiduciary duty and ability to monitor potential conflicts, (ii) the benefits to shareholders and contract owners generally expected from the exclusive rights to certain GMO investment management services obtained by the Adviser for the benefit of certain Funds of the Trust and other John Hancock funds and (iii) the benefits to such Funds of the Trust expected from the subadvisory services of GMO.

Additional information that the Board considered for a particular fund is set forth in Appendix A.

345

John Hancock Funds II
Appendix A

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
500 Index	Performance of the 500 Index	Subadvisory fees for this Fund are	The Board noted that performance of
	Trust of John Hancock Trust	lower than its peer group median.	the comparable fund is within the
(MFC Global Investment	(“JHT”) has lagged its benchmark		expected tracking error guidelines
Management (U.S.A.) Limited)	index over the one, three and five	Advisory fees for this Fund are	gross of fees over all available time
	year periods.	higher than its peer group median.	periods, and the relatively small range
			among the funds in its peer group.
	Performance of this Fund has	Total expenses for this Fund are
	lagged its peer group average over	higher than its peer group median.
	the one and five year periods.
	Performance of this Fund has
	outperformed its peer group
	average over the five year period.
Active Bond	Performance of the Active Bond	Subadvisory fees for this Fund are
	Trust of JHT has lagged its	lower than the peer group median.
(Declaration Management &	benchmark index over the five
Research LLC)	year period.	Advisory fees for this Fund are
		higher than the peer group median.
(John Hancock Advisers)	Performance of this Fund has
	outperformed its benchmark index	Total expenses for this Fund are
	over the one and three year periods.	lower than the peer group median.
	Performance of this Fund has
	outperformed its peer group
	average over the one, three and
	five year periods.
All Cap Growth	Performance of the All Cap Growth	Subadvisory fees for this Fund are	The Board noted that AIM announced
	Trust of JHT has lagged its	higher than the peer group median.	a manager change on September 16,
(A I M Capital	benchmark index over the one		2005 with respect to the comparable
Management, Inc.)	and three year periods.	Advisory fees for this Fund are	fund and this Fund and that JHIMS
		higher than the peer group median.	will provide a report at the next
	Performance of this Fund has		Board meeting.
	outperformed its benchmark index	Total expenses for this Fund are
	over the five year period.	lower than the peer group median.
	Performance of this Fund has
	lagged its peer group average over
	the one, three and five year periods.
All Cap Value	Performance of the All Cap Value	Subadvisory fees for this Fund are
	Trust of JHT has lagged its	higher than the peer group median.
(Lord, Abbett & Co.)	benchmark index over the one and
	three year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the one year period.	lower than the peer group median.
	Performance of this Fund has
	outperformed its peer group
	average over the three year period.

346

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Blue Chip Growth	Performance of the Blue Chip	Subadvisory fees for this Fund are	The Board noted that this Fund should
	Growth Trust of JHT has lagged its	higher than the peer group median.	be closely monitored since the
(T. Rowe Price Associates, Inc.)	benchmark index over the one,		performance of the comparable fund
	three and five year periods.	Advisory fees for this Fund are	had lagged its benchmark for certain
		higher than the peer group median.	time periods.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one, three and	lower than the peer group median.
	five year periods.
Capital Appreciation	Performance of the Capital	Subadvisory fees for this Fund are
	Appreciation Trust of JHT has	higher than the peer group median.
(Jennison Associates LLC)	lagged its benchmark index over
	the three year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its benchmark index	Total expenses for this Fund are
	over the one year period.	lower than the peer group median.
	Performance of this Fund has
	outperformed its peer group
	average over the one and three
	year periods.
Core Bond	Performance of the Wells Capital	Subadvisory fees for this Fund are
	Core Bond retail fund has	lower than the peer group median.
(Wells Capital	outperformed its benchmark
Management, Inc.)	index in the one, three and five	Advisory fees for this Fund are
	year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its peer group	higher than the peer group median.
	average in the one, three and five
	year periods.
Core Equity	Performance of the Core Equity	Subadvisory fees for this Fund are
	Trust of JHT has outperformed its	higher than the peer group median.
(Legg Mason Funds	benchmark index over the one
Management, Inc.)	year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	lower than the peer group median.
Emerging Growth	Performance of the Emerging	Subadvisory fees for this Fund are
	Growth Trust of JHT has lagged its	lower than the peer group median.
(MFC Global Investment	benchmark index over the one
Management (U.S.A.) Limited)	year period.	Advisory fees for this Fund are
		lower than the peer group median.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the one year period.	lower than the peer group median.

347

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Emerging Small Company	Performance of the Emerging	Subadvisory fees for this Fund are	The Board noted that JHIMS will be
	Small Company Trust of JHT has	higher than the peer group median.	meeting with the manager for an
(Franklin Advisers, Inc.)	lagged its benchmark index over		update in the 4th quarter and will
	the one, three and five year periods.	Advisory fees for this Fund are	provide a report at the next Board
		higher than the peer group median.	meeting.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the one, three and five year periods.	lower than the peer group median.
Equity-Income	Performance of the Equity-Income	Subadvisory fees for this Fund are
	Trust of JHT has lagged its	higher than the peer group median.
(T. Rowe Price Associates, Inc.)	benchmark index over the one
	and three year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its benchmark	Total expenses for this Fund are
	index over the five year period.	lower than the peer group median.
	Performance of this Fund has
	lagged its peer group average over
	the one year period.
	Performance of this Fund has
	outperformed its peer group
	average over the three and five
	year periods.
Fundamental Value	Performance of the Fundamental	Subadvisory fees for this Fund are
	Value Trust of JHT has	equal to the peer group median.
(Davis Selected Advisers, L.P.)	outperformed its benchmark
	index over the one and three	Advisory fees for this Fund are
	year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its peer group	lower than the peer group median.
	average over the one and three
	year periods.
Global Bond	Performance of the Global Bond	Subadvisory fees for this Fund are
	Trust of JHT has lagged its	higher than the peer group median.
(Pacific Investment	benchmark index over the one
Management Company)	year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its benchmark	Total expenses for this Fund are
	index over the three and five	lower than the peer group median.
	year periods.
	Performance of this Fund has
	lagged its peer group average over
	the one year period.
	Performance of this Fund has
	outperformed its peer group
	average over the three and five
	year periods.

348

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
High Yield	Performance of the High Yield	Subadvisory fees for this Fund are	The Board noted that SBAM assumed
	Trust of JHT has lagged its	lower than the peer group median.	subadvisory responsibilities for the
(Salomon Brothers	benchmark index over the three		comparable fund in May 2003 and
Asset Management, Inc.)	and five year periods.	Advisory fees for this Fund are	that performance has exceeded the
(“SBAM”)		higher than the peer group median.	peer group average and benchmark
	Performance of this Fund has		index over the one year time period
	outperformed its benchmark	Total expenses for this Fund are	ended June 30, 2005.
	index over the one year period.	lower than the peer group median.
	Performance of this Fund has
	lagged its peer group average over
	the three and five year periods.
	Performance of this Fund has
	outperformed its peer group
	average over the one year period.
International Equity Index	Performance of the International	Subadvisory fees for this Fund are	The Board noted that performance of
	Equity-Index Trust of JHT has	higher than its peer group median.	the comparable fund is within the
(SSgA Funds	lagged its benchmark index over		expected tracking error guidelines
Management, Inc.)	the one, three and five year periods.	Advisory fees for this Fund are	gross of fees. The Board further noted
		higher than its peer group median.	the manager change effective
	Performance of this Fund has		March 25, 2004.
	outperformed its peer group	Total expenses for this Fund are
	average over the one, three and	higher than its peer group median.
	five year periods.
International Opportunities	Performance of the Marsico	Subadvisory fees for this Fund are
	International Opportunities retail	higher than the peer group median.
(Marsico Capital	fund has lagged behind its
Management, LLC)	benchmark index over the one	Advisory fees for this Fund are
	and three year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	underperformed its peer group	lower than the peer group median.
	average over the one year period.
	Performance of this Fund has
	outperformed its peer group
	average over the three year period.
International Small Cap	Performance of the International	Subadvisory fees for this Fund are	The Board noted that Templeton
	Small Cap Trust of JHT has lagged	lower than the peer group median.	assumed management responsibilities
(Templeton Investment	its benchmark index over the one,		for the comparable fund in May 2003.
Counsel, Inc.)	three and five year periods.	Advisory fees for this Fund are	Although relative returns have lagged
		lower than the peer group median.	the benchmark index and peer group
	Performance of this Fund has		average, this Fund is within 2 basis
	lagged its peer group average over	Total expenses for this Fund are	points of the peer group average since
	the one, three and five year periods.	lower than the peer group median.	new management took over in
			May 2003.

349

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
International Stock	Performance of the International	Subadvisory fees for this Fund are	The Board noted the subadvisor to the
	Stock Trust of JHT has lagged its	higher than the peer group median.	comparable fund was changed to
(Grantham, Mayo, Van	benchmark index over the one,		GMO on August 1, 2005.
Otterloo & Co., LLC) (“GMO”)	three and five year periods.	Advisory fees for this Fund are
		lower than the peer group median.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the three year period.	higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group
	average over the one and five
	year periods.
International Value	Performance of the International	Subadvisory fees for this Fund are
	Value Trust of JHT has	lower than the peer group median.
(Templeton Investment	outperformed its benchmark
Counsel, Inc.)	index over the one, three and five	Advisory fees for this Fund are
	year periods.	lower than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	lagged its peer group average over	lower than the peer group median.
	the five year period.
	Performance of this Fund has
	outperformed its peer group
	average over the one and three
	year periods.
Investment Quality Bond	Performance of the Investment	Subadvisory fees for this Fund are	The Board noted that this Fund
	Quality Bond Trust of JHT has	lower than the peer group median.	should be closely monitored since the
(Wellington Management	lagged its benchmark index over		performance of the comparable fund
Company, LLP)	the five year period.	Advisory fees for this Fund are	was below its peer group and had
		higher than the peer group median.	lagged its benchmark over the five
	Performance of this Fund has out-		year period.
	performed its benchmark index	Total expenses for this Fund are
	over the one and three year periods.	lower than the peer group median.
	Performance of this Fund has
	lagged its peer group average over
	the one, three and five year periods.
Large Cap	Performance of the UBS Large Cap	Subadvisory fees for this Fund are
	retail fund has outperformed its	higher than the peer group median.
(UBS Global	benchmark index over the one,
Asset Management)	three and five year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one, three and	lower than the peer group median.
	five year periods.
Large Cap Value	Performance of the Large Cap	Subadvisory fees for this Fund are
	Value Trust of JHT has	higher than the peer group median.
(Fund Asset Management, L.P.	outperformed its benchmark
(Mercury Advisors)	index over the one year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	lower than the peer group median.

350

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Mid Cap Core	Performance of the Mid Cap Core	Subadvisory fees for this Fund are	The Board noted that this Fund
	Trust of JHT has lagged its	higher than the peer group median.	should be closely monitored since the
(A I M Capital	benchmark index over the one		performance of the comparable fund
Management, Inc.)	year period.	Advisory fees for this Fund are	was below benchmark and peer group
		higher than the peer group median.	over the one year period.
	Performance of this Fund has
	lagged its peer group average	Total expenses for this Fund are
	over the one year period.	lower than the peer group median.
Mid Cap Index	Performance of the Mid Cap	Subadvisory fees for this Fund are	The Board noted that performance is
	Index Trust of JHT has lagged its	lower than its peer group median.	within the expected tracking error
(MFC Global Investment	benchmark index over the one,		guidelines gross of fees over all
Management (U.S.A.) Limited)	three and five year periods.	Advisory fees for this Fund are	available time periods, and also noted
		higher than its peer group median.	the relatively small range among the
	Performance of this Fund has		peer group.
	lagged its peer group average over	Total expenses for this Fund are
	the three year period.	higher than its peer group median.
	Performance of this Fund has
	outperformed its peer group
	average over the one and five
	year periods.
Mid Cap Stock	Performance of the Mid Cap	Subadvisory fees for this Fund are
	Stock Trust of JHT has lagged its	lower than the peer group median.
(Wellington Management	benchmark index over the one
Company, LLP)	year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its benchmark	Total expenses for this Fund are
	index over the three and five	lower than the peer group median.
	year periods.
	Performance of this Fund has
	outperformed its peer group
	average over the one, three and
	five year periods.
Mid Cap Value	Performance of the Mid Cap	Subadvisory fees for this Fund are
	Value Trust of JHT has lagged its	higher than the peer group median.
(Lord, Abbett & Co.)	benchmark index over the one
	and three year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one and three	lower than the peer group median.
	year periods.
Natural Resources	Performance of the Natural	Subadvisory fees for this Fund are
	Resources Trust of JHT has	higher than the peer group median.
(Wellington Management	outperformed its benchmark
Company, LLP)	index over the one year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	lower than the peer group median.

351

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Quantitative Mid Cap	Performance of the Quantitative	Subadvisory fees for this Fund are
	Mid Cap Trust of JHT has	lower than the peer group median.
(MFC Global Investment	outperformed its benchmark
Management (U.S.A.) Limited)	index over the one and three	Advisory fees for this Fund are
	year periods.	lower than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its peer group	lower than the peer group median.
	average over the one and three
	year periods.
Quantitative Value	Performance of the Quantitative	Subadvisory fees for this Fund are
	Value Trust of JHT has	higher than the peer group median.
(MFC Global Investment	outperformed its benchmark
Management (U.S.A.) Limited)	index over the one year period.	Advisory fees for this Fund are
		lower than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	lower than the peer group median.
Real Estate Securities	Performance of the Real Estate	Subadvisory fees for this Fund are	The Board noted the comparable
	Securities Trust of JHT has lagged	lower than the peer group median.	fund’s change in subadviser in 2002
(Deutsche Asset	its benchmark index over the		and that this Fund’s longer term
Management, Inc.)	five year period.	Advisory fees for this Fund are	performance reflects the performance
		lower than the peer group median.	of the previous subadviser.
	Performance of this Fund has
	outperformed its benchmark	Total expenses for this Fund are
	index over the one and three	lower than the peer group median.
	year periods.
	Performance of this Fund has
	lagged its peer group average over
	the five year period.
	Performance of this Fund has
	outperformed its peer group
	average over the one and three
	year periods.
Real Return Bond	Performance of the Real Return	Subadvisory fees for this Fund are
	Bond Trust of JHT has lagged its	higher than the peer group median.
(Pacific Investment	benchmark index over the one
Management Company)	year period.	Advisory fees for this Fund are
		higher than its peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	higher than the peer group median.

352

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Small Cap	Performance of the Independence	Subadvisory fees for this Fund are
	Small Cap retail fund has	higher than the peer group median.
(Independence	outperformed its benchmark
Investment LLC)	index over the one and five	Advisory fees for this Fund are
	year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	lagged behind its benchmark	higher than the peer group median.
	index over the three year period.
	Performance of this Fund has
	outperformed its peer group
	average over the one and five
	year periods.
	Performance of this Fund has
	lagged behind its peer group
	average over the three year period.
Small Cap Index	Performance of the Small Cap	Subadvisory fees for this Fund are	The Board noted that performance is
	Index Trust of JHT has lagged its	lower than its peer group median.	within the expected tracking error
(MFC Global Investment	benchmark index over the one,		guidelines gross of fees over all
Management (U.S.A.) Limited)	three and five year periods.	Advisory fees for this Fund are	available time periods.
		higher than its peer group median.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the one, three and five year periods.	higher than its peer group median.
Small Cap Opportunities	Performance of the Small Cap	Subadvisory fees for this Fund are
	Opportunities Trust of JHT has	higher than the peer group median.
(Munder Capital Management)	outperformed its benchmark index
	over the one year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	lower than the peer group median.
Small Company	Performance of the Small	Subadvisory fees for this Fund are
	Company Trust of JHT has	higher than the peer group median.
(American Century	outperformed its benchmark
Investment Management, Inc.)	index over the one year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one year period.	higher than the peer group median.
Small Company Growth	Performance of the AIM Small	Subadvisory fees for this Fund are
	Company Growth retail fund has	higher than the peer group median.
(A I M Capital	outperformed its benchmark
Management, Inc.)	index over the one year period.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance for this Fund has
	lagged behind its benchmark	Total expenses for this Fund are
	index over the three and five	higher than the peer group median.
	year periods.
	Performance for this Fund has
	lagged behind its peer group
	average over the one, three and
	five year periods.

353

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Small Company Value	Performance of the Small	Subadvisory fees for this Fund are	The Board noted that T. Rowe Price
	Company Trust of JHT has	higher than the peer group median.	assumed management responsibilities
(T. Rowe Price Associates, Inc.)	lagged its benchmark index		in May 2001. Although relative returns
	over the one, three and five	Advisory fees for this Fund are	have lagged the benchmark index and
	year periods.	higher than the peer group median.	peer group average, the Fund is within
			the range of the peer group average for
	Performance of this Fund has	Total expenses for this Fund are	the last four years and the manager’s
	lagged its peer group average	lower than the peer group median.	longer term composite (eight years)
	over the one, three and five		is strong.
	year periods.
Special Value	Performance of the Special Value	Subadvisory fees for this Fund are	The Board took into account
	Trust of JHT has lagged its	higher than the peer group median.	management’s discussion of the
(Salomon Brothers	benchmark index over the one		factors that contributed to the
Asset Management, Inc.)	year period.	Advisory fees for this Fund are	comparable fund’s performance,
		higher than the peer group median.	including the effect of current
	Performance of this Fund has		market conditions.
	lagged its peer group average over	Total expenses for this Fund are
	the one year period.	higher than the peer group median.
Spectrum Income	Performance of the T. Rowe Price	Subadvisory fees for this Fund are
	Spectrum Income retail fund has	higher than the peer group median.
(T. Rowe Price Associates, Inc.)	outperformed its benchmark index
	in the one and three year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	lagged behind its benchmark	Total expenses for this Fund are
	index over the five year periods.	lower than the peer group median.
	Performance of this Fund has
	lagged behind its peer group
	average over the one, and three
	year periods.
	Performance of this Fund has
	outperformed its peer group
	average over the five year period.
Strategic Bond	Performance of the Strategic Bond	Subadvisory fees for this Fund are
	Trust of JHT has outperformed its	lower than the peer group median.
(Salomon Brothers	benchmark index over the one,
Asset Management, Inc.)	three and five year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the one and three year periods.	lower than the peer group median.
	Performance of this Fund has
	outperformed its peer group
	average over the five year period.
Strategic Value	Performance of the Strategic	Subadvisory fees for this Fund are
	Value Trust of JHT has lagged its	higher than the peer group median.
(Massachusetts Financial	benchmark index over the one
Services Company)	and three year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one and three	lower than the peer group median.
	year periods.

354

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
Total Return	Performance of the Total Return	Subadvisory fees for this Fund are
	Trust of JHT has outperformed	equal to the peer group median.
(Pacific Investment	its benchmark index over the one,
Management Company)	three and five year periods.	Advisory fees for this Fund are
		higher than the peer group median.
	Performance of this Fund has
	outperformed its peer group	Total expenses for this Fund are
	average over the one, three and	higher than the peer group median.
	five year periods.
U.S. Global Leaders Growth	Performance of the U.S. Global	Subadvisory fees for this Fund are	The Board took into account
	Leaders Growth Trust of JHT has	lower than the peer group median.	management’s discussion of the
(Sustainable Growth	lagged its benchmark index over		comparable fund’s performance,
Advisers, L.P.)	the one year period.	Advisory fees for this Fund are	including the effect of current market
		lower than the peer group median.	conditions on the fund’s performance.
	Performance of this Fund has
	lagged its peer group average over	Total expenses for this Fund are
	the one year period.	higher than the peer group median.
U.S. Government Securities	Performance of the U.S.	Subadvisory fees for this Fund are
	Government Securities Trust of	higher than the peer group median.
(Salomon Brothers	JHT has lagged its benchmark
Asset Management, Inc.)	index over the three and five	Advisory fees for this Fund are
	year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its benchmark	lower than the peer group median.
	index over the one year period.
	Performance of this Fund has
	outperformed its peer group
	average over the one, three and
	five year periods.
U.S. High Yield Bond	Performance of the Wells Capital	Subadvisory fees for this Fund are
	U.S. High Yield Bond retail fund	lower than the peer group median.
(Wells Capital	has lagged behind its benchmark
Management, Inc.)	index over the one and three	Advisory fees for this Fund are
	year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its benchmark	higher than the peer group median.
	index over the five year period.
	Performance of this Fund has
	lagged behind its peer group
	average over the one and three
	year periods.
	Performance of this Fund has
	outperformed its peer group
	average over the five year period.

355

John Hancock Funds II
Appendix A — continued

	Performance of Comparable
Fund	Funds as of June 30, 2005	Estimated Fees and Expenses	Comments
U.S. Multi Sector	Performance of the GMO Retail	Subadvisory fees for this Fund are
	U.S. Multi Sector fund has	higher than the peer group median.
(Grantham, Mayo, Van	outperformed its benchmark
Otterloo & Co., LLC)	index over the one, three and	Advisory fees for this Fund are
	five year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its peer group	lower than the peer group median.
	average over the one, three and
	five year periods.
Value & Restructuring	Performance of the UST Value &	Subadvisory fees for this Fund are
	Restructuring retail fund has	higher than the peer group median.
(UST Advisers, Inc.)	outperformed its benchmark
	index over the one, three and five	Advisory fees for this Fund are
	year periods.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed its peer group	lower than the peer group median.
	average over the one, three and
	five year periods.
Vista	Performance of the American	Subadvisory fees for this Fund are
	Century Vista retail fund has	higher than the peer group median.
(American Century	lagged behind its benchmark
Investment Management, Inc.)	index over the one and three	Advisory fees for this Fund are
	year period.	higher than the peer group median.
	Performance of this Fund has	Total expenses for this Fund are
	outperformed behind its	higher than the peer group median.
	benchmark index over the five
	year period.
	Performance of this Fund has
	lagged behind its peer group
	average over the one year period.
	Performance of this Fund has
	outperformed its peer group
	average over the three and five
	year periods.

The Statement of Additional Information, a separate document with supplemental information not contained in the Prospectus, includes additional information on the Board of Trustees and can be obtained without charge by calling 1-800-344-1029 or on the Securities and Exchange Commission (“SEC”) Web site at www.sec.gov.

PROXY VOTING POLICY From time to time, mutual funds are required to vote proxies related to the securities held by the Funds. Each of the John Hancock Funds II Funds vote proxies according to the Trust’s proxy voting policies and procedures approved by the Board of Trustees. A description of the Trust’s proxy voting policies and procedures and the proxy results are available without charge, upon request, by calling 1-800-344-1029 or on the SEC Web site at www.sec.gov.

QUARTERLY PORTFOLIO DISCLOSURE The fund files a complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available electronically on the SEC’s Web site (www.sec.gov); hard copies may be reviewed and copied at the SEC’s Public Reference Room, 450 Fifth St., N.W., Washington, DC 20549. For more information on the Public Reference Room, call 1-800-SEC-0330.

356

Table of contents 

Your fund at a glance 

page 1 

Managers’ report 

page 2 

A look at performance 

page 6 

Growth of $10,000 

page 7 

Your expenses 

page 8 

Fund’s investments 

page 10 

Financial statements 

page 12 

For more information 

page 33 

To Our Shareholders,

After producing modest returns in 2005, the stock market started off strong in the first two months of 2006. The major indexes all advanced and produced two-month returns that were already half as much as the market’s returns for all of 2005. For example, the Standard & Poor’s 500 Index returned 2.93% through February 2006, versus 4.91% last year in total. Investors were encouraged solid corporate earnings, a slower-growing economy and stable inflation, which suggested the Federal Reserve could be coming close to the end of their 18-month campaign of rising interest rates

Although a solid yearly beginning has typically augured well for the rest of the year, it is anyone’s guess where the market will end 2006, especially given the wild cards of interest rate moves and record-high energy prices and their impact on corporate profits and the economy.

One thing we do know, however, is that the stock market’s pattern is one of extremes. Consider the last 10 years. From 1995 through 1999, we saw double-digit returns in excess of 20% per year, only to have 2000 through 2002 produce ever-increasing negative results, followed by another 20%-plus up year in 2004 and a less than 5% advance in 2005. Since 1926, the market, as measured the Standard & Poor’s 500 Index, has produced average annual results of 10.4% . However, that “normal” return is rarely produced in any given year. In fact, calendar-year returns of 8% to 12% have occurred only five times in the 80 years since 1926.

Although the past in no way predicts the future, we have learned least one lesson from history: Expect highs and lows in the short term, but always invest for the long term. Equally important: Work with your financial professional to maintain a diversified portfolio, spread out among not only different asset classes — stocks, bonds and cash — but also among various investment styles. It’s the best way we know of to benefit from, and weather, the market’s extremes

Sincerely,

Keith F. Hartstein,
President and Chief Executive Officer

This commentary reflects the CEO’s views as of February 28, 2006. They are subject to change at any time.

YOUR FUND
AT A GLANCE

The portfolio seeks
long-term growth
of capital. Current
income is not a
consideration. To
pursue this goal,
the portfolio, which
is a fund-of-funds,
normally invests
100% of its assets
in underlying
funds which
invest primarily in
equity securities.

Since inception^a

 * Equities performed quite well during the reporting period. Oil price
volatility has not diminished the underlying support that equities have
received from strong corporate earnings and solid economic growth.
 
* All the underlying funds produced positive results during the
reporting period and the Lifestyle Aggressive Portfolio outperformed
the S&P 500 index.
 
* The Portfolio benefited most from allocations to funds that
invest in small- and mid-cap stocks, as well as funds that invest in
non-U.S. equities.

Total returns for the Portfolio are at net asset value with all distributions reinvested. These returns do not reflect the deduction of the maximum sales charge, which would reduce the performance shown above.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 began operations on 10-18-05 and Class 1 began operation on 10-15-05.

Asset Allocation
Equity	% of Total
U.S. Large Cap	38.00
International	24.00
U.S. Small Cap	14.00
U.S. Mid Cap	13.00
International Small Cap	6.00
Natural Resources	5.00

As a percentage of the Portfolio’s net assets on February 28, 2006.

1

FROM THE MANAGEMENT TEAM OF MFC GLOBAL INVESTMENT MANAGEMENT

MANAGERS’
REPORT

JOHN HANCOCK
Lifestyle
Aggressive Portfolio

For the reporting period of October 18, 2005 through February 28, 2006, all major equity indexes posted positive results, while bonds advanced modestly. The dominant influence of energy on the economy and on business profitability kept equity and oil prices locked in contrary motion: equities fell in December and January as oil prices firmed, and rallied in October, November and February as oil prices declined. Oil price volatility has not diminished the underlying support that equities have received from strong corporate earnings and solid economic growth.

“For the reporting period of
October 18, 2005 through
February 28, 2006, all major
equity indexes posted positive
results while bonds advanced
modestly.”

U.S. small-cap stocks were the best performers over the reporting period, followed by mid-cap stocks. Large-cap stocks continued to trail, which is consistent with the last two years of unremarkable performance. Small- and mid-cap growth stocks beat their value counterparts, while value stocks outperformed in the large-cap area. International stocks produced strong results during this period, outperforming U.S. equities by approximately 6%. This performance was bolstered by strong results in Japan and Germany.

Performance results

From inception October 18, 2005 (for Class I inception is October 15, 2005) through February 28, 2006, John Hancock Lifestyle Aggressive Portfolio’s Class A, Class B, Class C, Class R3, Class R4, Class R5 and Class I shares posted total returns of 11.38%, 11.14%, 11.14%, 11.25%, 11.38%, 11.44% and 11.48%, respectively, at net asset value. That compared with the 8.42% return of the Portfolio’s benchmark Standard & Poor’s 500 Index.

2

Performance explanation

This portfolio outperformed its benchmark since inception. Performance was aided by non-traditional asset classes such as natural resources and international small-cap stocks. Resilient oil prices and strengthening industrial and precious metals lifted the Wellington-managed Natural Resources Fund to a strong gain in the period. Though volatile as individual portfolios, International Small Cap Fund (+10.92%, Templeton) and Natural Resources Fund (+16.04%) provided excellent returns. The risks inherent in these asset classes, which have small allocations in this Lifestyle Aggressive Portfolio, are diffused by the Portfolio’s broad diversification.

Allocations to traditional equity asset classes also added value, particularly the exposure to non-U.S. funds and small- and mid-cap funds. International Opportunities Fund (+19.39%, Marsico), a growth-oriented fund, led the way on the non-U.S. side. In the mid- and small-cap portion of the portfolio, Mid Cap Stock Fund (+18.17%, Wellington) and Small Company Value Fund (+14.91%, T. Rowe Price) were top performers.

“Performance was aided by
non-traditional asset classes
such as natural resources and
international small-cap stocks.”

In the U.S. large-cap portion of the portfolio, U.S. Multi-Sector Fund (GMO) was the main detractor from performance. This was due in large part to the fund’s positioning in higher-quality names. The fund’s management team continues to believe that low-quality stocks are extremely overvalued and that high-quality equities represent the best opportunity within the U.S. Other funds in the large-cap space helped to offset this fund’s poor relative results, leading to a positive relative return from the overall large-cap allocation. Solid results were generated by two growth funds, All Cap Growth Fund (AIM) and Capital Appreciation Fund (Jennison), and a value fund, Quantitative Value Fund (MFC). Both growth funds had excellent stock selection in the technology sector, and Capital Appreciation Fund also benefited from its energy positions. All Cap Growth Fund was able to achieve favorable results across most of the sectors in which the strategy invested.

3

Positioning and outlook

Lifestyle Aggressive Portfolio is well diversified across a wide range of asset classes and investment styles, including non-traditional asset classes. The Portfolio has a 30% allocation to non-U.S. equity funds, including a 6% allocation to non-U.S. small-cap funds. Other notable equity allocations include a 27% allocation to mid-and small-cap funds and a 5% position in the Natural Resources Fund (Wellington). No major changes were made during this short time period outside of the regular rebalancing process.

“We believe that the long-awaited
shift in favor of higher-quality
stocks will occur sooner rather
than later, and we are well
positioned for this impending
change...”

We believe that the long-awaited shift in favor of higher-quality stocks will occur sooner rather than later, and we are well positioned for this impending change within our large-cap allocations. We remain vigilant in our evaluation of the areas that have experienced excellent relative and absolute gains recently, including natural resources and small- and mid-cap stocks. In our view, valuations in these areas are not as attractive as they were three years ago. In many cases, however, the fundamentals remain strong. As always, we will make adjustments to further enhance the risk-reward profile of the Portfolio as opportunities arise.

4

This commentary reflects the views of the portfolio managers through the end of the Portfolio’s period discussed in this report. The managers’ statements reflect their own opinions. As such, they are in no way guarantees of future events and are not intended to be used as investment advice or a recommendation regarding any specific security. They are also subject to change at any time as market and other conditions warrant.

International investing involves special risks such as political, economic and currency risks and differences in accounting standards and financial reporting. See the prospectus for the risks of investing in small-cap stocks. See the prospectus for the risks of investing in high-yield bonds.

5

A LOOK AT
PERFORMANCE

For the period ending
February 28, 2006

With maximum sales charge (POP)

	Cumulative total returns
	Since inceptiona
Class A	5.84%
Class B	6.14
Class C	10.14
Class R3b	11.25
Class R4b	11.38
Class R5b	11.44
Class 1b	11.48

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

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the Fund’s current performance may be higher or lower than the performance shown. For performance data current to the most recent month-end, please call 1-800-225-5291 or visit the Fund’s Web site at www.jhfunds.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

The Fund’s performance results reflect any applicable expense reductions, without which the expenses would increase and results would have been less favorable.

Since inception performance is calculated with an opening price (prior day’s close) on inception date.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

^b For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

6

GROWTH OF
$10,000

This chart shows what happened to a hypothetical $10,000 investment in Class A shares for the period indicated. For comparison, we’ve shown the same investment in the Standard & Poor’s 500 Index.

	Class B	Class C	Class R3a	Class R4a	Class R5a	Class 1a
Period beginning	10-18-05	10-18-05	10-18-05	10-18-05	10-18-05	10-15-05
Without
sales charge	$11,114	$11,114	$11,125	$11,138	$11,144	$11,148
With maximum
sales charge	10,614	11,014	11,125	11,138	11,144	11,148
Index	10,842	10,842	10,842	10,842	10,842	10,874

Assuming all distributions were reinvested for the period indicated, the table above shows the value of a $10,000 investment in the Fund’s Class B, Class C, Class R3, Class R4, Class R5 and Class 1 shares, respectively, as of February 28, 2006. Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.

Standard & Poor’s 500 Index is an unmanaged index that includes 500 widely traded common stocks.

It is not possible to invest directly in an index. Index figures do not reflect sales charges and would be lower if they did.

^a For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

7

YOUR
EXPENSES

These examples are intended to help you understand your ongoing
operating expenses.

Understanding fund expenses

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

 * Transaction costs which include sales charges (loads) on
purchases or redemptions (varies by share class), minimum
account fee charge, etc.

 * Ongoing operating expenses including management fees,
distribution and service fees (if applicable) and other fund expenses.

In addition to the operating expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the operating expenses of the underlying funds in which the Fund invests. Because the underlying funds have varied operating expenses and transaction costs and the Fund may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the Fund will vary. If these indirect expenses were included, your expenses paid during the period would have been higher.

We are going to present only your ongoing operating expenses here.

Actual expenses/actual returns

This example is intended to provide information about your fund’s actual ongoing operating expenses, and is based on your fund’s actual return. It assumes an account value of $1,000.00 on inception date with the same investment held until February 28, 2006.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,113.80	$2.33
Class Bb	1,111.40	5.07
Class Cb	1,111.40	5.07
Class R3b	1,112.50	2.75
Class R4b	1,113.80	1.80
Class R5b	1,114.40	0.85
Class 1b	1,114.80	0.53

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over

8

the period. Simply divide your account value at February 28, 2006 by $1,000.00, then multiply it by the “expenses paid” for your share class from the table above. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

This table allows you to compare your fund’s ongoing operating expenses with those of any other fund. It provides an example of the Fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annual return before expenses (which is not your fund’s actual return). It assumes an account value of $1,000.00 on inception date with the same investment held until February 28, 2006. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,016.20	$2.22
Class Bb	1,013.60	4.83
Class Cb	1,013.60	4.83
Class R3b	1,015.80	2.62
Class R4b	1,016.70	1.71
Class R5b	1,017.60	0.81
Class 1b	1,018.30	0.50

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

^a Expenses are equal to the Fund's annualized expense ratio of 0.60%, 1.32%, 1.32%, 0.72%, 0.47%, 0.23% and 0.12% for Class A, Class B, Class C, Class R3, Class R4, Class R5 and Class 1, respectively,
multiplied by the average account value over the period, multiplied by number of days in the inception period /365 or 366 (to reflect the one-half year period). ^b Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

9

F I N A N C I A L   S TAT E M E N T S

FUND’S
INVESTMENTS

Securities owned
by the Fund on
February 28, 2006
(unaudited)

Lifestyle Aggressive Fund portfolio of investments, showing all
underlying funds.

Issuer	Shares	Value
Investment Companies 100.01%		$2,221,823,210
(Cost $2,019,206,817)
John Hancock Funds II
All Cap Growth Fund Class NAV	2,564,041	$44,204,071
All Cap Value Fund Class NAV	2,868,535	44,204,118
Blue Chip Growth Fund Class NAV	6,131,567	110,858,731
Capital Appreciation Fund Class NAV	8,733,052	88,640,473
Core Equity Fund Class NAV	4,445,937	66,422,304
Emerging Growth Fund Class NAV	2,307,728	44,331,451
Equity-Income Fund Class NAV	3,820,467	66,476,125
Fundamental Value Fund Class NAV	5,798,296	88,713,923
International Equity Index Fund Class NAV	5,048,563	89,157,627
International Opportunities Fund Class NAV	5,731,507	89,526,141
International Small Cap Fund Class NAV	6,580,600	134,375,853
International Stock Fund Class NAV	13,583,032	179,431,848
International Value Fund Class NAV	10,778,670	177,740,267
Large Cap Fund Class NAV	3,059,106	44,204,087
Large Cap Value Fund Class NAV	981,511	21,985,845
Mid Cap Core Fund Class NAV	5,063,174	88,858,705
Mid Cap Stock Fund Class NAV	2,715,175	44,447,416
Mid Cap Value Fund Class NAV	3,473,969	66,422,283
Natural Resources Fund Class NAV	3,344,149	110,858,547
Quantitative Mid Cap Fund Class NAV	2,862,961	44,204,118
Quantitative Value Fund Class NAV	4,214,613	66,422,303
Small Cap Fund Class NAV	4,356,284	66,607,581
Small Cap Opportunities Fund Class NAV	1,843,461	44,279,941
Small Company Fund Class NAV	2,594,139	44,204,122
Small Company Value Fund Class NAV	2,763,020	66,726,932
Special Value Fund Class NAV	2,134,533	44,312,913
U.S. Global Leaders Growth Fund Class NAV	1,653,118	22,102,189

See notes to
financial statements.

10

F I N A N C I A L   S TAT E M E N T S

Issuer	Shares	Value
John Hancock Funds II — continued
U.S. Multi Sector Fund Class NAV	16,700,672	$177,695,147
Vista Fund Class NAV	3,936,893	44,408,149
Total investments 100.01%		$2,221,823,210
Liabilities in excess of other assets (0.01)%		($169,353)
Total net assets 100.00%		$2,221,653,857
Percentages are stated as a percent of net assets of the Fund.

See notes to
financial statements.

11

F I N A N C I A L   S TAT E M E N T S

ASSETS AND
LIABILITIES

February 28, 2006
(unaudited)

This Statement
of Assets and
Liabilities is the
Fund’s balance
sheet. It shows
the value of
what the Fund
owns, is due
and owes. You’ll
also find the net
asset value and
the maximum
offering price
per share.

Assets
Investments in affiliated funds, at value
(cost $2,019,206,817)	$2,221,823,210
Receivable for shares sold	1,847,154
Receivable from affiliates	72,222
Other assets	3,697
Total assets	2,223,746,283
Liabilities
Due to custodian	150,866
Payable for investments purchased	1,675,177
Payable to affiliates
Fund administration fees	39,687
Transfer agent fees	3,394
Other payables and accrued expenses	223,302
Total liabilities	2,092,426
Net assets
Capital paid-in	2,018,095,506
Accumulated net realized gain on investments	1,621,650
Net unrealized appreciation on investments	202,616,393
Distributions in excess of net investment income	(679,692)
Net assets	$2,221,653,857
Net asset value per share
Based on net asset values and shares outstanding —
the Funds have an unlimited number of shares
authorized with no par value
Class A ($11,778,200 ÷ 841,487 shares)	$14.00
Class B ($3,023,713 ÷ 216,107 shares)	$13.99
Class C ($5,498,195 ÷ 392,875 shares)	$13.99
Class R3 ($145,837 ÷ 10,422 shares)	$13.99
Class R4 ($143,498 ÷ 10,251 shares)	$14.00
Class R5 ($171,686 ÷ 12,260 shares)	$14.00
Class 1 ($2,200,892,728 ÷ 157,523,142 shares)	$13.97
Maximum offering price per share
Class Aa ($14.00 ÷ 95%)	$14.74

^a On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

See notes to
financial statements.

12

F I N A N C I A L   S TAT E M E N T S

OPERATIONS

For the period ended
February 28, 2006^a
(unaudited)

This Statement
of Operations
summarizes the
Fund’s investment
income earned and
expenses incurred
in operating the
Fund. It also shows
net gains (losses)
for the period
stated.

Investment income
Income distributions received from affiliated underlying funds	$11,032,304
Total investment income	11,032,304
Expenses
Investment management fees (Note III)	294,085
Distribution and service fees (Note III)	359,171
Transfer agent fees (Note III)	3,607
Blue sky fees (Note III)	33,084
Printing and postage fees (Note III)	41,606
Fund administration fees (Note III)	39,755
Audit and legal fees	19,398
Custodian fees	4,268
Trustees’ fees (Note III)	9,988
Registration and filing fees	115,085
Miscellaneous	7,827
Total expenses	927,874
Less expense reductions (Note III)	(72,432)
Net expenses	855,442
Net investment income	10,176,862
Realized and unrealized gain
Net realized gain on investments	1,493,229
Capital gain distributions received from
affiliated underlying funds	128,421
Change in net unrealized appreciation of investments	202,616,393
Net realized and unrealized gain	204,238,043
Increase in net assets from operations	$214,414,905

^aPeriod from 10-15-05 (commencement of operations) to 2-28-06.

See notes to
financial statements.

13

F I N A N C I A L   S TAT E M E N T S

CHANGES IN
NET ASSETS

These Statements
of Changes in Net
Assets show how
the value of the
Fund’s net assets
has changed since
the inception of
the Fund. The
difference reflects
earnings less
expenses, any
investment
gains and losses,
distributions, if
any, paid to
shareholders and
the net of Fund
share transactions.

	Period
	ended
	2-28-06a
Increase (decrease) in net assets
From operations
Net investment income	$10,176,862
Net realized gain	1,621,650
Change in net unrealized appreciation	202,616,393
Increase in net assets resulting
from operations	214,414,905
Distributions to shareholders
From net investment income
Class A	(10,791)
Class B	(2,807)
Class C	(4,862)
Class R3	(460)
Class R4	(512)
Class R5	(565)
Class 1	(10,836,557)
	(10,856,554)
From Fund share transactions	2,018,095,506
Net assets
End of period	$2,221,653,857
Distributions in excess of net investment income	($679,692)

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05. Unaudited.

See notes to
financial statements.

14

F I N A N C I A L   H I G H L I G H T S

FINANCIAL
HIGHLIGHTS

CLASS A SHARES

The Financial Highlights show how the Fund’s net asset value for a
share has changed since the commencement of operations of the Fund.

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.63
Net investment incomeh	—j
Net realized and unrealized
gain on investments	1.43
Total from
investment operations	1.43
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$14.00
Total returnk,l (%)	11.38m
Ratios and supplemental data
Net assets, end of period
(in millions)	$12
Ratio of net expenses
to average net assetsq (%)	0.60r
Ratio of gross expenses
to average net assetsp,q (%)	2.41r
Ratio of net investment income
to average net assetsv (%)	0.04r
Portfolio turnover (%)	2m

See notes to
financial statements.

15

F I N A N C I A L   H I G H L I G H T S

CLASS B SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.63
Net investment lossh	(0.01)
Net realized and unrealized
gain on investments	1.41
Total from
investment operations	1.40
Less distributions
From net investment income	(0.04)
	(0.04)
Net asset value, end of period	$13.99
Total returnk,l (%)	11.14m
Ratios and supplemental data
Net assets, end of period
(in millions)	$3
Ratio of net expenses
to average net assetsq (%)	1.32r
Ratio of gross expenses
to average net assetsp,q (%)	4.41r
Ratio of net investment loss
to average net assetsv (%)	(0.17)r
Portfolio turnover (%)	2m

See notes to
financial statements.

16

F I N A N C I A L   H I G H L I G H T S

CLASS C SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.63
Net investment lossh	(0.01)
Net realized and unrealized
gain on investments	1.42
Total from
investment operations	1.41
Less distributions
From net investment income	(0.05)
	(0.05)
Net asset value, end of period	$13.99
Total returnk,l (%)	11.14m
Ratios and supplemental data
Net assets, end of period
(in millions)	$5
Ratio of net expenses
to average net assetsq (%)	1.32r
Ratio of gross expenses
to average net assetsp,q (%)	3.81r
Ratio of net investment loss
to average net assetsv (%)	(0.17)r
Portfolio turnover (%)	2m

See notes to
financial statements.

17

F I N A N C I A L   H I G H L I G H T S

CLASS R3 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.63
Net investment incomeh	0.03
Net realized and unrealized
gain on investments	1.39
Total from
investment operations	1.42
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$13.99
Total returnk,l (%)	11.25m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.72r
Ratio of gross expenses
to average net assetsp,q (%)	16.57r
Ratio of net investment income
to average net assetsv (%)	0.70r
Portfolio turnover (%)	2m

See notes to
financial statements.

18

F I N A N C I A L   H I G H L I G H T S

CLASS R4 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.63
Net investment incomeh	0.04
Net realized and unrealized
gain on investments	1.39
Total from
investment operations	1.43
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$14.00
Total returnk,l (%)	11.38m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.47r
Ratio of gross expenses
to average net assetsp,q (%)	15.78r
Ratio of net investment income
to average net assetsv (%)	0.89r
Portfolio turnover (%)	2m

See notes to
financial statements.

19

F I N A N C I A L   H I G H L I G H T S

CLASS R5 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.63
Net investment incomeh	0.06
Net realized and unrealized
gain on investments	1.38
Total from
investment operations	1.44
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$14.00
Total returnk,l (%)	11.44m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.23r
Ratio of gross expenses
to average net assetsp,q (%)	16.26r
Ratio of net investment income
to average net assetsv (%)	1.21r
Portfolio turnover (%)	2m

See notes to
financial statements.

20

F I N A N C I A L   H I G H L I G H T S

CLASS 1 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.60
Net investment incomeh	0.07
Net realized and unrealized
gain on investments	1.37
Total from
investment operations	1.44
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$13.97
Total returnk (%)	11.48m
Ratios and supplemental data
Net assets, end of period
(in millions)	$2,201
Ratio of net expenses
to average net assetsq (%)	0.12r
Ratio of net investment income
to average net assetsv (%)	1.48r
Portfolio turnover (%)	2m

a  Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1
shares began operation on 10-15-05. Unaudited.

h  Based on the average of the shares outstanding.

i  Less than $500,000.

j  Less than $0.01 per share.

k  Assumes dividend reinvestment and does not reflect the effect of sales charges.

l  Total returns would have been lower had certain expenses not been reduced during the period shown.

m Not annualized.

p  Does not take into consideration expense reductions during the period shown.

q  Does not include expenses of the investment companies in which the Fund invests.

r Annualized.

v  Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by
the underlying investment companies in which the Fund invests.

See notes to
financial statements.

21

NOTES TO
STATEMENTS

Unaudited

I. Organization

The John Hancock Lifestyle Aggressive Portfolio (the “Fund”) is a non-diversified series of John Hancock Funds II (the “Trust”), an open-end management investment company registered under the Investment Company Act of 1940, as amended.

The Fund operates as a “fund of funds”, which invests in shares of mutual funds (“underlying funds”) managed by affiliates of John Hancock Investment Management Services, LLC (the “Adviser”). The Adviser is a wholly owned subsidiary of Manulife Financial Corporation (“MFC”). Each underlying fund’s accounting policies are outlined in the underlying fund’s shareholder report, available without charge by calling 1-800-344-1029 or on the Securities and Exchange Commission (“SEC”) Internet site at www.sec.gov, File # 811-21779, CIK 0001331971.

The Trustees have authorized the issuance of multiple classes of shares of the Fund, including classes designated as Class A, Class B, Class C, Class R3, Class R4, Class R5, and Class 1 shares. The shares of each class represent an interest in the same portfolio of investments of the Fund, and have equal rights as to voting, redemptions, dividends and liquidation, except that certain expenses, subject to the approval of the Trustees, may be applied differently to each class of shares in accordance with current regulations of the Securities and Exchange Commission and the Internal Revenue Service. Shareholders of a class that bears distribution and service expenses under the terms of a distribution plan have exclusive voting rights to that distribution plan.

At February 28, 2006 John Hancock USA, an indirect subsidiary of MFC, owned 7,937 Class R3, Class R4 and Class R5 shares of beneficial interest of the Fund.

II. Significant
accounting policies

In the preparation of the financial statements, the Fund follows the policies described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Securities valuation

The net asset value of the shares of the Fund is determined daily as of the close of the New York Stock Exchange, normally at 4:00 P.M. Eastern Time. Investments in underlying funds are valued at their respective net asset values each business day, or at fair value as determined in good faith in accordance with procedures approved by the Trustees.

22

Securities in the underlying fund’s portfolios are valued in accordance with their respective valuation polices, as outlined in the underlying funds’ financial statements. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost.

Repurchase agreements

The Fund may enter into repurchase agreements. When a Fund enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. The Fund will take constructive receipt of all securities underlying the repurchase agreements it has entered into until such agreements expire. If the seller defaults, a Fund would suffer a loss to the extent that proceeds from the sale of underlying securities were less than the repurchase amount. The Fund may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be creditworthy by the Adviser. Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty.

Security transactions and
related investment income

Investment security transactions are accounted for on a trade date basis. Interest income is accrued as earned. Dividend income on investment securities is recorded on the ex-dividend date.

Multi-class operations

All income, expenses (except for class-specific expenses) and realized and unrealized gains (losses) are allocated to each class of shares based upon the relative net assets of each class. Dividends to shareholders from net investment income are determined at a class level and distributions from capital gains are determined at a Fund level.

Expense allocation

Expenses not directly attributable to a particular Fund or class of shares are allocated based on the relative share of net assets of the Fund at the time the expense was incurred. Class-specific expenses, such as transfer agency fees, blue sky fees, printing and postage fees and distribution and service fees, are accrued daily and charged directly to the respective share classes. Expenses in the Fund’s Statements of Operations reflect the expenses of the Fund and do not include any indirect expenses related to the underlying funds. Because the underlying funds have varied expense levels and the Fund may own different proportions of the underlying funds at different times, the amount of fees and expenses incurred indirectly by the Fund will vary.

Federal income taxes

The Fund qualifies as a “regulated investment company” by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Distribution of
income and gains

The Fund records distributions to shareholders from net investment income and net realized gains, if any, on the ex-dividend date. Distributions paid by the Fund with respect to each class of shares are calculated in the same manner, at the same time and are in the same amount, except for the effect of expenses that may be applied differently to each class. Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from accounting principles generally accepted in the United States of America. Distributions in excess of tax basis earnings and profits, if any, are reported in the Fund’s financial statements as a return of capital.

Capital accounts

The Fund reports the undistributed net investment income and accumulated undistributed net realized

23

gain (loss) accounts on a basis approximating amounts available for future tax distributions (or to offset future taxable realized gains when a capital loss carryforward is available). Accordingly, the Fund may periodically make reclassifi-cations among certain capital accounts, without affecting its net asset value.

III. Investment
advisory and
other agreements

Advisory fees

The Trust has entered into an Investment Advisory Agreement with the Adviser. The Adviser is responsible for managing the corporate and business affairs of the Trust and for selecting and compensating subadvisers to handle the investment and reinvestment of the assets of the Fund, subject to the supervision of the Board of Trustees. Under the Advisory Agreement the Fund pays a monthly management fee to the Adviser equivalent, on an annual basis, to the sum of: (a) 0.05% of the first $7,500,000,000 of the Fund’s aggregate daily net assets and (b) 0.04% of the Fund’s aggregate daily net assets in excess of $7,500,000,000. Aggregate net assets include the net assets of the five Lifestyle Portfolios of the Trust (the Lifestyle Aggressive, the Lifestyle Balanced, the Lifestyle Conservative, the Lifestyle Growth and the Lifestyle Moderate) and the five Lifestyle Portfolios of John Hancock Trust (the Lifestyle Aggressive 1000, the Lifestyle Growth 820, the Lifestyle Balanced 640, the Lifestyle Moderate 460 and the Lifestyle Conservative 280). The Fund is not responsible for payment of the subadvisory fees.

Expense reimbursements

The Adviser has contractually agreed to waive advisory fees or reimburse Fund’s expenses for Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares to the extent that blue sky fees and printing and postage expenses attributable to each class exceed 0.09% of the average annual net assets attributable to the classes, at least until November 1, 2006. Accordingly, the expense reductions related to this expense limitation amounted to $24,895, $11,940, $15,712, $6,540, $6,589 and $6,546 for Class A, Class B, Class C, Class R3, Class R4, and Class R5, respectively, for the period ended February 28, 2006. The Adviser reserves the right to terminate this limitation in the future.

Administration fees

The Fund has an agreement with the Adviser that requires the Fund to reimburse the Adviser for all expenses associated with providing the administrative, financial, accounting and recordkeeping services of the Fund, including the preparation of all tax returns, annual, semiannual and periodic reports to shareholders and the preparation of all regulatory reports.

Distribution plans

The Trust has a Distribution Agreement with John Hancock Funds, LLC (“JH Funds”), a wholly-owned subsidiary of the Adviser. The Fund has adopted Distribution Plans with respect to Class A, Class B, Class C, Class R3, Class R4 and Class 1, pursuant to Rule 12b-1 under the Investment Company Act of 1940, to reimburse JH Funds for the services it provides as distributor of shares of the Fund. Accordingly, the Fund makes monthly payments to JH Funds at an annual rate not to exceed 0.30%, 1.00%, 1.00%, 0.50%, 0.25%, and 0.05% of average daily net asset value of Class A, Class B, Class C, Class R3, Class R4 and Class 1, respectively. A maximum of 0.25% of such payments may be service fees, as defined by the Conduct Rules of the National Association of Securities Dealers. Under the Conduct Rules, curtailment of a portion of the Fund’s 12b-1 payments could occur under certain circumstances.

The Fund has also adopted a Service Plan with respect to Class R3, Class R4 and Class R5 shares (the “Service Plan”). Under the Service Plan, the Fund pays up to 0.15%, 0.10% and 0.05% of average daily net assets of

24

Class R3, Class R4 and Class R5 shares, respectively, for certain other services. There were no servicing fees during the period ended February 28, 2006.

Sales charges

Class A shares are assessed up-front sales charges. During the period ended February 28, 2006, JH Funds received net up-front sales charges of $197,071 with regard to sales of Class A shares. Of this amount, $32,125 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $162,736 was paid as sales commissions to unrelated broker-dealers and $2,210 was paid as sales commissions to sales personnel of Signator Investors, Inc. (“Signator Investors”), a related broker-dealer, an indirect subsidiary of MFC.

Class B shares that are redeemed within six years of purchase are subject to a contingent deferred sales charge (“CDSC”) at declining rates, beginning at 5.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Class C shares that are redeemed within one year of purchase are subject to a CDSC at a rate of 1.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from the CDSCs are paid to JH Funds and are used, in whole or in part, to defray its expenses for providing distribution-related services to the Fund in connection with the sale of Class B and Class C shares. During the period ended February 28, 2006, CDSCs received by JH Funds amounted to $8 for Class B shares and $193 for Class C shares.

Transfer agent fees

The Fund has a Transfer Agency Agreement with John Hancock Signature Services, Inc. (“Signature Services”), an indirect subsidiary of MFC. For Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares, the Fund pays a monthly transfer agent fee at an annual rate of 0.05% of each class’s average daily net assets, plus a fee based on the number of shareholder accounts and reimbursement for certain out-of-pocket expenses. Expenses not directly attributable to a particular class of shares are aggregated and allocated to each class on the basis of its relative net asset value.

Signature Services has agreed to limit the transfer agent fees so that such fees do not exceed 0.20% annually of Class A, Class B, Class C, Class R3, Class R4 and Class R5 share average daily net assets. This agreement is effective until December 31, 2006. Signature Services reserves the right to terminate this limitation in the future.

In addition, Signature Service has voluntarily agreed to further limit transfer agent fees for Class R3, Class R4 and Class R5 shares so that such fees do not exceed 0.05% annually of each class’s average daily net assets. Accordingly, the transfer agent fees reductions amounted to $69, $72 and $69 for Class R3, Class R4 and Class R5 shares, respectively, during the period ended February 28, 2006. Signature Services reserves the right to terminate this limitation at any time.

25

Expenses under the agreements described above for the period ended February 28, 2006, were as follows:

	Distribution	Transfer		Printing and
Share Class	fees	agent	Blue sky	postage
Class A	$4,124	$1,803	$5,514	$20,722
Class B	3,858	587	5,514	6,807
Class C	6,309	937	5,514	10,821
Class R3	205	92	5,514	1,067
Class R4	107	96	5,514	1,117
Class R5	N/A	92	5,514	1,072
Class 1	344,568	—	—	—
Total	$359,171	$3,607	$33,084	$41,606

Trustees’ fees

The Trust compensates each Trustee who is not an employee of the Adviser or its affiliates. Total Trustees’ expenses are allocated based on each fund’s average daily net asset value.

IV. Guarantees and indemnifications

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

26

V. Capital shares

Share activities for the Fund for the period ended February 28, 2006 were as follows:

	Period ended 2-28-06a
	Shares	Amount
Class A shares
Sold	846,179	$11,660,716
Distributions reinvested	739	9,867
Repurchased	(5,431)	(75,472)
Net increase	841,487	$11,595,111
Class B shares
Sold	219,075	$3,000,126
Distributions reinvested	161	2,152
Repurchased	(3,129)	(43,026)
Net increase	216,107	$2,959,252
Class C shares
Sold	395,100	$5,424,411
Distributions reinvested	283	3,787
Repurchased	(2,508)	(34,514)
Net increase	392,875	$5,393,684
Class R3 shares
Sold	10,422	$134,888
Net increase	10,422	$134,888
Class R4 shares
Sold	10,251	$132,394
Net increase	10,251	$132,394
Class R5 shares
Sold	12,443	$163,064
Repurchased	(183)	(2,585)
Net increase	12,260	$160,479
Class 1 shares
Sold	157,730,313	$2,000,550,607
Distributions reinvested	812,945	10,836,557
Repurchased	(1,020,116)	(13,667,466)
Net increase	157,523,142	$1,997,719,698
Net increase	159,006,544	$2,018,095,506

a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

27

VI. Investment transactions

Purchases and proceeds from sales or maturities of securities, other than short-term securities and obligations of the U.S. government, during the period ended February 28, 2006, aggregated $2,068,688,086 and $50,974,498, respectively.

The cost of investments owned on February 28, 2006, including short-term investments, for federal income tax purposes, was $2,019,206,817. Gross unrealized appreciation and depreciation of investments aggregated $203,063,618 and $447,225, respectively, resulting in net unrealized appreciation of $202,616,393. The difference between book basis and tax basis net unrealized appreciation of investments is attributable primarily to the tax deferral of losses on certain sales of securities.

VII. Investment
in affiliated
underlying funds

The Fund invests primarily in the underlying funds that  are managed by affiliates of the Adviser. The Fund does not invest in the underlying funds for the purpose of exercising management or control.

A summary of the Fund’s transactions in the securities of affiliated issuers in which the Fund’s holdings represent 5% or more of the outstanding voting securities of the issuer, during the period ended February 28, 2006 is set forth below.

Affiliate —	Shares	Shares	Ending Share		Ending
Class NAV	Purchased	Sold	Amount	Proceeds	Value
All Cap Growth	2,564,122	81	2,564,041	$40,528,071	$44,204,071
All Cap Value	2,868,620	85	2,868,535	40,093,361	44,204,118
Blue Chip Growth	6,132,074	507	6,131,567	103,207,032	110,858,731
Capital Appreciation	8,781,471	48,419	8,733,052	82,660,321	88,640,473
Core Equity	4,537,577	91,640	4,445,937	62,084,338	66,422,304
Emerging Growth	2,347,460	39,732	2,307,728	37,816,989	44,331,451
Equity-Income	3,821,321	854	3,820,467	61,955,762	66,476,125
Fundamental Value	5,799,691	1,395	5,798,296	84,678,142	88,713,923
International Equity Index	5,048,680	117	5,048,563	79,064,552	89,157,627
International
Opportunities	5,916,437	184,930	5,731,507	78,293,098	89,526,141
International Small Cap	6,606,531	25,931	6,580,600	119,821,085	134,375,853
International Stock	13,863,368	280,336	13,583,032	161,304,993	179,431,848
International Value	10,808,960	30,290	10,778,670	161,498,801	177,740,267
Large Cap	3,059,186	80	3,059,106	41,388,042	44,204,087
Large Cap Value	982,121	610	981,511	20,143,367	21,985,845
Mid Cap Core	5,063,254	80	5,063,174	81,399,081	88,858,705
Mid Cap Stock	2,730,140	14,965	2,715,175	38,117,378	44,447,416
Mid Cap Value	3,474,367	398	3,473,969	62,025,037	66,422,283
Natural Resources	4,100,214	756,065	3,344,149	94,855,489	110,858,547
Quantitative Mid Cap	2,863,021	60	2,862,961	39,581,254	44,204,118
Quantitative Value	4,214,712	99	4,214,613	60,402,829	66,422,303
Small Cap	4,363,003	6,719	4,356,284	58,863,037	66,607,581
Small Cap Opportunities	1,843,827	366	1,843,461	39,445,858	44,279,941
Small Company	2,598,898	4,759	2,594,139	39,394,484	44,204,122
Small Company Value	2,766,707	3,687	2,763,020	58,857,386	66,726,932
Special Value	2,134,901	368	2,134,533	40,343,023	44,312,913
U.S. Global
Leaders Growth	2,483,627	830,509	1,653,118	22,308,569	22,102,189
U.S. Multi Sector	16,701,277	605	16,700,672	167,908,430	177,695,147
Vista	3,936,995	102	3,936,893	39,618,327	44,408,149

28

Evaluation of Advisory and Subadvisory Agreement by the Board
of Trustees (unaudited)

This section describes the evaluation by the Board of Trustees of the Advisory Agreement and each of the Subadvisory Agreements.

Evaluation by the Board of Trustees

The Board, including the Independent Trustees, is responsible for selecting the Trust’s investment adviser, John Hancock Investment Management Services, LLC (the “Adviser” or “JHIMS”), approving the Adviser’s selection of subadvisers for each series of the Trust (the “Funds”) and approving the Trust’s advisory and subadvisory agreements, their periodic continuation and any amendments. Consistent with SEC rules, the Board will regularly evaluate the Trust’s advisory and subadvisory arrangements, including consideration of the six factors listed below. The Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. The Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, the Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel. The six factors to be regularly considered by the Board are:

1. the nature, extent and quality of the services to be provided by the Adviser to the Trust and by the subadvisers to the Funds;

2. the investment performance of the Funds and their subadvisers;

3. the extent to which economies of scale would be realized as a Fund grows;

4. whether fee levels reflect these economies of scale for the benefit of Trust shareholders;

5. the costs of the services to be provided and the profits to be realized by the Adviser and its affiliates from the Adviser’s relationship with the Trust; and

6. comparative services rendered and comparative advisory and subadvisory fee rates.

The Board believes that information relating to all six factors is relevant to its evaluation of the Trust’s advisory agreement. With respect to its evaluation of subadvisory agreements, the Board believes that, in view of the Trust’s “manager-of-managers” advisory structure: factors (1), (2) and (6) are of primary relevance; factors (3) and (4) generally are less significant to the Trustees’ considerations because subad-visory fees are paid to subadvisers by the Adviser and not directly by the Funds, and issues pertaining to economies of scale are considered in connection with the approval of the advisory fees that are paid directly by the Funds; and with respect to those subadvisers that are not affiliated with the Adviser, because the Board relies on the ability of the Adviser to negotiate the subadvisory fees at arms-length, factor (5) generally is also less significant to the Trustees’ considerations except in those circumstances in which such attention may be warranted because the comparative fee information considered in connection with factor (6) indicates that the subadvisory fees will materially exceed those normally charged under comparable circumstances.

29

In evaluating subadvisory arrangements, the Board also considers other material business relationships that unaffiliated subadvisers and their affiliates have with the Adviser or its affiliates, including the involvement by certain affiliates of certain subadvisers in the distribution of financial products, including shares of the Trust, offered by the Adviser and other affiliates of the Adviser (“Material Relationships”).

Approval of Advisory Agreement

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Advisory Agreement between the Trust and JHIMS with respect to each of the Funds.

In approving the Advisory Agreement, and with reference to the six factors that it considers, the Board:

1(a) considered the high value to the Trust of JHIMS’s long relationship with investment companies within the same fund complex as the Trust, the skills and competency which JHIMS has demonstrated in managing the affairs and subadvisory relationships of these other investment companies, JHIMS’s ability to oversee and monitor the subadvis-ers’ investment performance and compliance programs and the qualifications of JHIMS’ personnel,

(b) considered JHIMS’s compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments, and

(c) considered JHIMS’s administrative capabilities, including its ability to supervise the other service providers for the Funds and concluded that JHIMS may reasonably be expected to ably perform its services under the Advisory Agreement;

2 reviewed the investment performance of comparably managed funds of each of the Funds; the comparative performance of their respective benchmarks and comparable funds (i.e., funds having approximately the same investment objective); and JHIMS’ analysis of such performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds; and concluded that each of the comparably managed funds has generally performed well or within a range that the Board deemed competitive except as discussed in Appendix A, and that JHIMS may reasonably be expected to ably monitor the performance of the Funds and each of their subadvisers;

3 & 4 reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded (a) that to the extent that Funds have subadvisory fees with breakpoints, those breakpoints are reflected as breakpoints in the advisory fees for Funds, (b) that all Funds with a subadviser that is not affiliated with the Adviser have subadvisory fees which are the product of arms-length negotiations between the Adviser and the subadviser and which in many, but not all, cases contain breakpoints, and (c) that, although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow;

5 (a) reviewed the financial statements of JHIMS and John Hancock Life Insurance Company (U.S.A.) (“JHLICO (U.S.A.)”) and considered an analysis presented by JHIMS

30

regarding the estimated net profitability to JHIMS of the advisory fee structure;

(b) reviewed the profitability of the JHIMS’ relationship with the Funds in terms of the total amount of annual advisory fees it is estimated to receive with respect to the Funds and whether JHIMS has the financial ability to provide a high level of services to the Funds,

(c) considered that JHIMS will derive reputational and other indirect benefits from providing advisory services to the Funds, and

(d) noted that JHIMS will pay the sub-advisory fees out of the advisory fees JHIMS receives from the Funds and concluded that the advisory fees to be paid by the Trust with respect to the Funds are not unreasonable in light of such information; and

6 reviewed comparative information with respect to the proposed advisory fee rates and concluded that the Trust’s anticipated advisory fees are within the range of those incurred by other comparable funds and that the Trust’s advisory structure is thus competitive within the industry. In considering the proposed advisory fee rates, the Board took into account the high level of services expected to be provided to the Funds and the other factors considered.

Additional information that the Board considered for a particular Fund is set forth in Appendix A.

Approval of Subadvisory Agreements

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Subadvisory Agreements.

In making its determination with reference to these respective factors, the Board reviewed:

1 information relating to each subad-viser’s business, which may include information such as: business performance, representative clients, assets under management, financial stability, personnel and, if applicable, past sub-advisory services to affiliated funds of the Trust;

2 the investment performance of comparatively managed funds of the Fund and comparative performance information relating to the comparatively managed fund’s benchmark and comparable funds;

3 the proposed subadvisory fee for each Fund and comparative fee information; and

4 information relating to the nature and scope of Material Relationships and their significance to the Trust’s adviser and unaffiliated subadvisers.

The Board’s decision to approve each Subadvisory Agreement was based on a number of determinations, including the following:

1 The Subadviser has extensive experience and demonstrated skills as a manager;

2 Although not without variation, the current and historical performance of the comparably managed funds of Subadviser to the Funds generally has been within the range of the current and historical performance of comparable funds and the comparably managed funds’ respective benchmarks;

3 With respect to each subadviser that is not affiliated with the Adviser, the subadvisory fees are a product of arms-length negotiation between the

31

Adviser and the subadviser and generally are within the range of industry norms; and

4 The Material Relationships consist of arrangements in which unaffiliated subadvisers or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s adviser or its affiliates, which may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans, and which in no case contained elements that would cause the Board to conclude that approval of the subadvisory agreement with the subadviser would be inappropriate.

Additional information that the Board considered for a particular fund is set forth below.

	Performance of
	Comparable Funds	Estimated Fees
Fund	as of June 30, 2005	and Expenses
Lifestyle Aggressive	Performance of the	Advisory fees for this Fund
	Lifestyle Aggressive	are lower than its peer
(MFC Global	1000 Trust of JHT has	group median.
Investment	outperformed its
Management (U.S.A.)	benchmark index over	Total expenses for this
Limited	the one, three and five	Fund are higher than its
	year periods.	peer group median.

32

For more information

The Portfolio’s proxy voting policies, procedures and records are available without charge, upon request:

By phone	On the Fund’s Web site	On the SEC’s Web site
1-800-225-5291	www.jhfunds.com/proxy	www.sec.gov
Trustees	Gordon M. Shone	Principal distributor
James M. Oates, Chairman*	Vice President and Treasurer	John Hancock Funds, LLC
Charles L. Bardelis *	Betsy A. Seel	601 Congress Street
James R. Boyle†	Assistant Vice President,	Boston, MA 02210-2805
Peter S. Burgess *	Secretary and
Elizabeth G. Cook	Chief Legal Officer	Custodian
William H. Cunningham	George Boyd	State Street Bank & Trust Co.
Charles L. Ladner *	Senior Counsel, Assistant	225 Franklin Street
Hassell H. McClellan	Vice President and	Boston, MA 02110
*Members of the Audit Committee	Assistant Secretary
†Non-Independent Trustee	Francis V. Knox, Jr.	Transfer agent
	Vice President and Chief	John Hancock Signature
Officers	Compliance Officer	Services, Inc.
Keith F. Hartstein		1 John Hancock Way,
President	Investment adviser	Suite 1000
John G. Vrysen	John Hancock Investment	Boston, MA 02217-1000
Executive Vice President and	Management Services, LLC
Chief Financial Officer	601 Congress Street	Legal counsel
	Boston, MA 02210-2805	Kirkpatrick & Lockhart
		Nicholson Graham LLP
		1 Lincoln Street
		Boston, MA 02111

The Portfolio’s investment objective, risks, charges and expenses are included in the prospectus and should be considered carefully before investing. For a prospectus, call your financial professional, call John Hancock Funds at 1-800-225-5291, or visit the Portfolio’s Web site at www.jhfunds.com. Please read the prospectus carefully before investing or sending money.

How to contact us
Internet	www.jhfunds.com
Mail	Regular mail:	Express mail:
	John Hancock	John Hancock
	Signature Services, Inc.	Signature Services, Inc.
	1 John Hancock Way, Suite 1000	Mutual Fund Image Operations
	Boston, MA 02217-1000	380 Stuart Street
		Boston, MA 02116
Phone	Customer service representatives	1-800-225-5291
	24-hour automated information	1-800-338-8080
	TDD line	1-800-554-6713

A listing of month-end portfolio holdings is available on our Web site, www.jhfunds.com. A more detailed portfolio holdings summary is available on a quarterly basis 60 days after the fiscal quarter on our Web site or upon request by calling 1-800-225-5291, or on the Securities and Exchange Commission’s Web site, www.sec.gov.

33

Table of contents 

Your fund at a glance 

page 1 

Managers’ report 

page 2 

A look at performance 

page 6 

Growth of $10,000 

page 7 

Your expenses 

page 8 

Fund’s investments 

page 10 

Financial statements 

page 12 

For more information 

page 33 

To Our Shareholders,

After producing modest returns in 2005, the stock market started off strong in the first two months of 2006. The major indexes all advanced and produced two-month returns that were already half as much as the market’s returns for all of 2005. For example, the Standard & Poor’s 500 Index returned 2.93% through February 2006, versus 4.91% last year in total. Investors were encouraged by solid corporate earnings, a slower-growing economy and stable inflation, which suggested the Federal Reserve could be coming close to the end of their 18-month campaign of rising interest rates.

Although a solid yearly beginning has typically augured well for the rest of the year, it is anyone’s guess where the market will end 2006, especially given the wild cards of interest rate moves and record-high energy prices and their impact on corporate profits and the economy.

One thing we do know, however, is that the stock market’s pattern is one of extremes. Consider the last 10 years. From 1995 through 1999, we saw double-digit returns in excess of 20% per year, only to have 2000 through 2002 produce ever-increasing negative results, followed by another 20%-plus up year in 2004 and a less than 5% advance in 2005. Since 1926, the market, as measured by the Standard & Poor’s 500 Index, has produced average annual results of 10.4% . However, that “normal” return is rarely produced in any given year. In fact, calendar-year returns of 8% to 12% have occurred only five times in the 80 years since 1926.

Although the past in no way predicts the future, we have learned at least one lesson from history: Expect highs and lows in the short term, but always invest for the long term. Equally important: Work with your financial professional to maintain a diversified portfolio, spread out among not only different asset classes — stocks, bonds and cash — but also among various investment styles. It’s the best way we know of to benefit from, and weather, the market’s extremes.

Keith F. Hartstein,
President and Chief Executive Officer

This commentary reflects the CEO’s views as of February 28, 2006. They are subject to change at any time.

YOUR FUND
AT A GLANCE

The Portfolio seeks a
balance between a
high level of current
income and growth
of capital, with a
greater emphasis on
growth of capital.
To pursue this goal,
the Portfolio, which
is a fund of funds,
normally invests
approximately 40%
of its assets in
underlying funds
which invest
primarily in fixed-
income securities
and approximately
60% of its assets
in underlying
funds which
invest primarily in
equity securities.

Since inception^a

*  Equities performed quite well during the reporting period while most U.S. fixed income segments were only modestly positive.

*  All but one of the underlying funds produced positive results during the reporting period and the Lifestyle Balanced Portfolio outperformed the S&P 500 Index.

*  The equity portion of the Portfolio benefited most from allocations to funds that invest in small- and mid-cap stocks as well as funds that invest in non-U.S. equities, while the fixed income portion benefited most from funds that invest in high yield bonds.

Total returns for the Portfolio are at net asset value with all distributions reinvested.
These returns do not reflect the deduction of the maximum sales charge, which would
reduce the performance shown above.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 began operations on 10-18-05
and Class 1 began operation on 10-15-05.

Asset Allocation
Equity	% of Total	Fixed Income	% of Total
U.S. Large Cap	36.00	High Yield Bond	14.00
International	10.00	Intermediate Term Bond	9.00
Real Estate	5.00	Multi-Sector Bond	8.00
Natural Resources	4.00	Treasury Inflation
U.S. Small Cap	3.00	Protected Securities	5.00
International Small Cap	2.00	Global Bond	3.00
U.S. Mid Cap	1.00

As a percentage of the Portfolio’s net assets on February 28, 2006.

1

FROM THE MANAGEMENT TEAM OF MFC GLOBAL INVESTMENT MANAGEMENT

MANAGERS’
REPORT

JOHN HANCOCK

Lifestyle
Balanced Portfolio

For the reporting period of October 18, 2005 through February 28, 2006, all major equity indexes posted positive results, while bonds advanced modestly. The dominant influence of energy on the economy and on business profitability kept equity and oil prices locked in contrary motion: equities fell in December and January as oil prices firmed, and rallied in October, November and February as oil prices declined. Oil price volatility has not diminished the underlying support that equities have received from strong corporate earnings and solid economic growth.

U.S. small-cap stocks were the best performers over the reporting period followed by mid-cap stocks. Large-cap stocks continued to trail, which is consistent with the last two years of unremarkable performance. Small- and mid-cap growth stocks beat their value counterparts, while value stocks outperformed in the large-cap area. International stocks produced strong results during this period, outperforming U.S. equities by approximately 6%. This performance was bolstered by strong results in Japan and Germany.

“For the reporting period
of October 18, 2005 through
February 28, 2006, all
major equity indexes posted
positive results, while bonds
advanced modestly.”

While equities performed quite well during the reporting period, most U.S. fixed-income segments were only modestly positive. One exception came from high yield issues, which significantly outperformed other fixed-income areas as investors searched for yield. In terms of non-U.S. fixed-income, hedged strategies outperformed unhedged portfolios due to the strengthening of the U.S. dollar against most currencies, namely the Euro, Yen and Sterling.

Performance results

From inception October 18, 2005 (for Class I inception is October 15, 2005) through February 28, 2006, John Hancock Lifestyle Balanced Portfolio’s Class A, Class B, Class C, Class R3,

2

Class R4, Class R5 and Class I shares posted total returns of 7.40%, 7.17%, 7.25%, 7.28%, 7.41%, 7.46% and 7.49%, respectively, at net asset value. That compared with the 5.62% return of the Portfolio’s benchmark index — a 60/40 blend of the Standard & Poor’s 500 Index and the Lehman Brothers Aggregate Bond Index.

Performance explanation

This portfolio outperformed its benchmark since inception. Both the equity and fixed-income components of the portfolio contributed to the positive outcome. Performance of the equity portion was aided by non-traditional asset classes such as natural resources, international small-cap stocks and Real Estate Investment Trusts (REITs). Resilient oil prices and strengthening industrial and precious metals lifted the Wellington-managed Natural Resources Fund (+16.04%) to a strong gain in the period. Real Estate Securities Fund (+17.27%, Deutsche Asset Management) also delivered excellent gains as REITs continued to outperform the S&P 500 Index for the sixth straight year. Though volatile as individual portfolios, International Small Cap Fund (+10.92%, Templeton), Natural Resources Fund and Real Estate Securities Fund provided excellent returns. The risks inherent in these asset classes, which have small allocations in Lifestyle Balanced Portfolio, are diffused by the Portfolio’s broad diversification.

“Both the equity and fixed-income
components of the portfolio
contributed to the positive
outcome.”

Allocations to traditional equity asset classes also added value, particularly the exposure to non-U.S. funds and small- and mid-cap funds. International Opportunities Fund (+19.39%, Marsico), a growth-oriented fund, led the way on the non-U.S. side. In the mid- and small-cap portions of the Portfolio, Mid-Cap Stock Fund (+18.17%, Wellington) and Small Company Value Fund (+14.91%, T. Rowe Price) were top performers.

In the U.S. large-cap portion of the Portfolio, U.S. Multi-Sector Fund (GMO) was the main detractor from performance. This was due in large part to the fund’s positioning in higher-quality names. The fund’s management team continues to believe that low-quality stocks are extremely overvalued and that high-quality equities represent the best opportunity within the U.S.

3

The best relative results in the fixed-income portion of the portfolio were generated by high yield funds. Although spreads have become historically tight in relation to other fixed-income options, investors have continued to flock to high yield bonds in an effort to capture any incremental yield over traditional fixed-income vehicles. Allocations to multi-sector bond funds also added value. These funds are designed to outperform the broad fixed-income market with a similar amount of risk by allocating across a wide range of sectors, including emerging-market debt, high yield and non-U.S. sovereign debt. Over the current reporting period, Spectrum Income Fund (+3.19%, T. Rowe Price) benefited from allocations to high yield and emerging-market debt.

The main detractor from performance within fixed-income was Global Bond Fund (-0.71%, PIMCO). Because the strategy does not hedge the underlying currency of its foreign bond holdings, the rallying U.S. dollar hurt performance. While global bonds detracted from results during this period, allocations to non-traditional fixed-income asset classes such as global bonds and TIPS help to diversify Lifestyle Balanced Portfolio over the long term.

“Lifestyle Balanced Portfolio is
well diversified across a wide
range of asset classes and
investment styles, including
non-traditional asset classes.”

Positioning and outlook

Lifestyle Balanced Portfolio is well diversified across a wide range of asset classes and investment styles, including non-traditional asset classes. The Portfolio has a 12% weighting in non-U.S. equity funds, including a 2% position dedicated to non-U.S. small caps.

4

Other notable equity allocations include a 4% position in the Natural Resources Fund (Wellington) and a 5% position in Real Estate Securities Fund (Deutsche Asset Management). On the fixed-income front, the Portfolio has meaningful stakes in high-yield funds (13%), a 3% position in Global Bond Fund (PIMCO) and a 5% position in Real Return Fund (PIMCO). No major changes were made during this short time period outside of the regular rebalancing process.

We believe that the long-awaited shift in favor of higher-quality stocks will occur sooner rather than later, and we are well positioned for this impending change within our large-cap allocations. We remain vigilant in our evaluation of the areas that have experienced excellent relative and absolute gains recently, including real estate, natural resources, high yield and small- and mid-cap stocks. In our view, valuations in these areas are not as attractive as they were three years ago (for example, high-yield spreads over treasuries have tightened significantly and cash-flow multiples for REIT securities have been higher than historical averages). In many cases, however, the fundamentals remain strong. As always, we will make adjustments to further enhance the risk-reward profile of the Portfolio as opportunities arise.

This commentary reflects the views of the portfolio managers through the end of the Portfolio’s period discussed in this report. The managers’ statements reflect their own opinions. As such, they are in no way guarantees of future events and are not intended to be used as investment advice or a recommendation regarding any specific security. They are also subject to change at any time as market and other conditions warrant.

International investing involves special risks such as political, economic and currency risks and differences in accounting standards and financial reporting. See the prospectus for the risks of investing in small-cap stocks. See the prospectus for the risks of investing in high-yield bonds.

5

A LOOK AT
PERFORMANCE

For the period ending
February 28, 2006

With maximum sales charge (POP)

	Cumulative total returns
	Since inceptiona
Class A	2.05%
Class B	2.17
Class C	6.25
Class R3b	7.28
Class R4b	7.41
Class R5b	7.46
Class 1b	7.49

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

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the Fund’s current performance may be higher or lower than the performance shown. For performance data current to the most recent month-end, please call 1-800-225-5291 or visit the Fund’s Web site at www.jhfunds.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

The Fund’s performance results reflect any applicable expense reductions, without which the expenses would increase and results would have been less favorable.

Since inception performance is calculated with an opening price (prior day’s close) on the inception date.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operation on 10-18-05 and Class 1 shares began operation on 10-15-05.

^b For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

6

GROWTH OF
$10,000

This chart shows what happened to a hypothetical $10,000 investment in Class A shares
for the period indicated. For comparison, we’ve shown the same investment in a blended index.

	Class B	Class C	Class R3a	Class R4a	Class R5a	Class 1a
Period beginning	10-18-05	10-18-05	10-18-05	10-18-05	10-18-05	10-15-05
Without
sales charge	$10,717	$10,725	$10,728	$10,741	$10,746	$10,749
With maximum
sales charge	10,217	10,625	10,728	10,741	10,746	10,749
Index	10,562	10,562	10,562	10,562	10,562	10,583

Assuming all distributions were reinvested for the period indicated, the table above shows the value of a $10,000 investment in the Fund’s Class B, Class C, Class R3, Class R4, Class R5 and Class 1 shares, respectively, as of February 28, 2006. Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.

A blended index is used combining 60% of the Standard & Poor’s 500 Index, an unmanaged index that includes 500 widely traded common stocks, and 40% of the Lehman Brothers Aggregate Bond Index, an unmanaged index of dollar-denominated and nonconvertible investment-grade debt issues.

It is not possible to invest directly in an index. Index figures do not reflect sales charges and would be lower if they did.

^a For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

7

YOUR
EXPENSES

These examples are intended to help you understand your ongoing operating expenses.

Understanding fund expenses

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

*  Transaction costs which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

*  Ongoing operating expenses including management fees, distribution and service fees (if applicable) and other fund expenses.

In addition to the operating expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the operating expenses of the underlying funds in which the Fund invests. Because the underlying funds have varied operating expenses and transaction costs and the Fund may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the Fund will vary. If these indirect expenses were included, your expenses paid during the period would have been higher.

We are going to present only your ongoing operating expenses here.

Actual expenses/actual returns

This example is intended to provide information about your fund’s actual ongoing operating expenses, and is based on your fund’s actual return. It assumes an account value of $1,000.00 on inception date, with the same investment held until February 28, 2006.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,074.00	$2.39
Class Bb	1,071.70	5.08
Class Cb	1,072.50	4.97
Class R3b	1,072.80	2.69
Class R4b	1,074.10	1.76
Class R5b	1,074.60	0.83
Class 1b	1,074.90	0.52

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over

8

the period. Simply divide your account value at February 28, 2006 by $1,000.00, then multiply it by the “expenses paid” for your share class from the table above. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

This table allows you to compare your fund’s ongoing operating expenses with those of any other fund. It provides an example of the Fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annual return before expenses (which is not your fund’s actual return). It assumes an account value of $1,000.00 on inception date, with the same investment held until February 28, 2006. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,016.10	$2.32
Class Bb	1,013.50	4.93
Class Cb	1,013.60	4.83
Class R3b	1,015.80	2.62
Class R4b	1,016.70	1.71
Class R5b	1,017.60	0.81
Class 1b	1,018.30	0.50

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

^a Expenses are equal to the Fund’s annualized expense ratio of 0.62%, 1.34%, 1.32%, 0.72%, 0.46%, 0.22% and 0.12% for Class A, Class B, Class C, Class R3, Class R4, Class R5 and Class 1, respectively, multiplied by the average account value over the period, multiplied by number of days in the inception period /365 or 366 (to reflect the one-half year period).

^b Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

9

F I N A N C I A L   S TAT E M E N T S

FUND’S
INVESTMENTS

Securities owned
by the Fund on
February 28, 2006
(unaudited)

Lifestyle Balanced Fund portfolio of investments, showing all underlying funds.

Issuer	Shares	Value
Investment Companies 100.01%		$6,146,991,790
(Cost $5,794,023,720)
John Hancock Funds II
500 Index Fund Class NAV	10,981,181	$121,561,677
Active Bond Fund Class NAV	12,645,237	122,279,441
Blue Chip Growth Fund Class NAV	27,119,853	490,326,946
Core Bond Fund Class NAV	9,730,960	122,318,171
Core Equity Fund Class NAV	12,247,494	182,977,562
Equity-Income Fund Class NAV	17,581,464	305,917,478
Fundamental Value Fund Class NAV	11,959,322	182,977,622
Global Bond Fund Class NAV	12,894,828	184,782,892
High Yield Fund Class NAV	71,299,636	740,090,223
International Opportunities Fund Class NAV	8,172,317	127,651,585
International Small Cap Fund Class NAV	6,107,139	124,707,770
International Stock Fund Class NAV	18,770,090	247,952,889
International Value Fund Class NAV	14,838,955	244,694,362
Large Cap Fund Class NAV	4,176,667	60,352,837
Large Cap Value Fund Class NAV	2,712,684	60,764,127
Mid Cap Stock Fund Class NAV	3,790,913	62,057,251
Natural Resources Fund Class NAV	7,407,859	245,570,520
Real Estate Securities Fund Class NAV	11,586,528	310,055,480
Real Return Bond Fund Class NAV	22,977,302	308,355,391
Small Cap Fund Class NAV	4,002,307	61,195,267
Small Cap Opportunities Fund Class NAV	2,558,706	61,460,113
Small Company Value Fund Class NAV	2,553,164	61,658,900
Spectrum Income Fund Class NAV	29,972,249	307,215,548
Strategic Bond Fund Class NAV	15,336,968	184,043,611
Strategic Value Fund Class NAV	11,227,968	122,160,295
Total Return Fund Class NAV	22,358,830	307,881,082
U.S. Global Leaders Growth Fund Class NAV	13,775,462	184,177,926

See notes to
financial statements.

10

F I N A N C I A L   S TAT E M E N T S

Issuer	Shares	Value
John Hancock Funds II — continued
U.S. High Yield Bond Fund Class NAV	9,336,428	$122,213,844
U.S. Multi Sector Fund Class NAV	34,528,877	367,387,254
Value & Restructuring Fund Class NAV	10,930,566	122,203,726
Total investments 100.01%		$6,146,991,790
Liabilities in excess of other assets (0.01)%		($499,371)
Total net assets 100.00%		$6,146,492,419

Percentages are stated as a percent of net assets of the Fund.

See notes to
financial statements.

11

F I N A N C I A L   S TAT E M E N T S

ASSETS AND
LIABILITIES

February 28, 2006
(unaudited)

This Statement
of Assets and
Liabilities is the
Fund’s balance
sheet. It shows
the value of
what the Fund
owns, is due
and owes. You’ll
also find the net
asset value and
the maximum
offering price
per share.

Assets
Investments in affiliated funds, at value
(cost $5,794,023,720)	$6,146,991,790
Receivable for shares sold	4,323,595
Receivable from affiliates	143,769
Other assets	10,641
Total assets	6,151,469,795
Liabilities
Due to custodian	912,125
Payable for investments purchased	3,382,566
Payable for shares repurchased	10,256
Payable to affiliates
Fund administration fees	112,291
Transfer agent fees	9,637
Other payables and accrued expenses	550,501
Total liabilities	4,977,376
Net assets
Capital paid-in	5,791,976,018
Accumulated net realized gain on investments	3,262,804
Net unrealized appreciation on investments	352,968,070
Distributions in excess of net investment income	(1,714,473)
Net assets	$6,146,492,419
Net asset value per share
Based on net asset values and shares outstanding —
the Fund has an unlimited number of shares
authorized with no par value
Class A ($22,132,341 ÷ 1,553,094 shares)	$14.25
Class B ($6,270,359 ÷ 440,338 shares)	$14.24
Class C ($19,151,610 ÷ 1,344,079 shares)	$14.25
Class R3 ($182,623 ÷ 12,823 shares)	$14.24
Class R4 ($237,308 ÷ 16,655 shares)	$14.25
Class R5 ($1,101,457 ÷ 77,295 shares)	$14.25
Class 1 ($6,097,416,721 ÷ 429,037,669 shares)	$14.21
Maximum offering price per share
Class Aa ($14.25 ÷ 95%)	$15.00

^a On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

See notes to
financial statements.

12

F I N A N C I A L   S TAT E M E N T S

OPERATIONS

For the period ended
February 28, 2006^a
(unaudited)

This Statement
of Operations
summarizes the
Fund’s investment
income earned and
expenses incurred
in operating the
Fund. It also shows
net gains (losses) for
the period stated.

Investment income
Income distributions received from affiliated underlying funds	$37,784,866
Total investment income	37,784,866
Expenses
Investment management fees (Note III)	828,332
Distribution and service fees (Note III)	1,012,116
Transfer agent fees (Note III)	10,080
Blue sky fees (Note III)	33,084
Printing and postage fees (Note III)	117,104
Fund administration fees (Note III)	112,507
Audit and legal fees	42,332
Custodian fees	4,268
Trustees’ fees (Note III)	29,239
Registration and filing fees	325,691
Miscellaneous	21,480
Total expenses	2,536,233
Less expense reductions (Note III)	(144,136)
Net expenses	2,392,097
Net investment income	35,392,769
Realized and unrealized gain
Net realized gain on investments	4,108,332
Capital gain distributions received
from affiliated underlying funds	569,605
Change in net unrealized appreciation of investments	352,968,070
Net realized and unrealized gain	357,646,007
Increase in net assets from operations	$393,038,776

^a Period from 10-15-05 (commencement of operations) to 2-28-06.

See notes to
financial statements.

13

F I N A N C I A L   S TAT E M E N T S

CHANGES IN
NET ASSETS

These Statements
of Changes in Net
Assets show how
the value of the
Fund’s net assets
has changed since
the inception of
the Fund. The
difference reflects
earnings less
expenses, any
investment
gains and losses,
distributions, if
any, paid to
shareholders and
the net of Fund
share transactions.

	Period
	ended
	2-28-06a
Increase (decrease) in net assets
From operations
Net investment income	$35,392,769
Net realized gain	4,677,937
Change in net unrealized appreciation	352,968,070
Increase in net assets resulting
from operations	393,038,776
Distributions to shareholders
From net investment income
Class A	(40,713)
Class B	(10,958)
Class C	(23,406)
Class R3	(568)
Class R4	(619)
Class R5	(3,176)
Class 1	(37,027,802)
From net realized gain
Class A	(1,728)
Class B	(612)
Class C	(1,299)
Class R3	(26)
Class R4	(26)
Class R5	(123)
Class 1	(1,411,319)
	(38,522,375)
From Fund share transactions	5,791,976,018
Net assets
End of period	$6,146,492,419
Distributions in excess of net investment income	($1,714,473)

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05. Unaudited.

See notes to
financial statements.

14

F I N A N C I A L   H I G H L I G H T S

FINANCIAL
HIGHLIGHTS

CLASS A SHARES

The Financial Highlights show how the Fund’s net asset value for a share has changed since the commencement of operations of the Fund.

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.04
Net realized and unrealized
gain on investments	0.94
Total from
investment operations	0.98
Less distributions
From net investment income	(0.08)
From net realized gain	—j
	(0.08)
Net asset value, end of period	$14.25
Total returnk,l (%)	7.40m
Ratios and supplemental data
Net assets, end of period
(in millions)	$22
Ratio of net expenses
to average net assetsq (%)	0.62r
Ratio of gross expenses
to average net assetsp,q (%)	2.49r
Ratio of net investment income
to average net assetsv (%)	0.82r
Portfolio turnover (%)	3m

See notes to
financial statements.

15

F I N A N C I A L   H I G H L I G H T S

CLASS B SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.01
Net realized and unrealized
gain on investments	0.94
Total from
investment operations	0.95
Less distributions
From net investment income	(0.06)
From net realized gain	—j
	(0.06)
Net asset value, end of period	$14.24
Total returnk,l (%)	7.17m
Ratios and supplemental data
Net assets, end of period
(in millions)	$6
Ratio of net expenses
to average net assetsq (%)	1.34r
Ratio of gross expenses
to average net assetsp,q (%)	3.81r
Ratio of net investment income
to average net assetsv (%)	0.18 r
Portfolio turnover (%)	3m

See notes to
financial statements.

16

F I N A N C I A L   H I G H L I G H T S

CLASS C SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment lossh	(0.01)
Net realized and unrealized
gain on investments	0.97
Total from
investment operations	0.96
Less distributions
From net investment income	(0.06)
From net realized gain	—j
	(0.06)
Net asset value, end of period	$14.25
Total returnk,l (%)	7.25m
Ratios and supplemental data
Net assets, end of period
(in millions)	$19
Ratio of net expenses
to average net assetsq (%)	1.32r
Ratio of gross expenses
to average net assetsp,q (%)	3.15r
Ratio of net investment loss
to average net assetsv (%)	(0.11)r
Portfolio turnover (%)	3m

See notes to
financial statements.

17

F I N A N C I A L   H I G H L I G H T S

CLASS R3 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.05
Net realized and unrealized
gain on investments	0.92
Total from
investment operations	0.97
Less distributions
From net investment income	(0.08)
From net realized gain	—j
	(0.08)
Net asset value, end of period	$14.24
Total returnk,l (%)	7.28m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.72r
Ratio of gross expenses
to average net assetsp,q (%)	15.96r
Ratio of net investment income
to average net assetsv (%)	0.92r
Portfolio turnover (%)	3m

See notes to
financial statements.

18

F I N A N C I A L   H I G H L I G H T S

CLASS R4 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.05
Net realized and unrealized
gain on investments	0.93
Total from
investment operations	0.98
Less distributions
From net investment income	(0.08)
From net realized gain	—j
	(0.08)
Net asset value, end of period	$14.25
Total returnk,l (%)	7.41m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.46r
Ratio of gross expenses
to average net assetsp,q (%)	13.33r
Ratio of net investment income
to average net assetsv (%)	0.89r
Portfolio turnover (%)	3m

See notes to
financial statements.

19

F I N A N C I A L   H I G H L I G H T S

CLASS R5 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.01
Net realized and unrealized
gain on investments	0.98
Total from
investment operations	0.99
Less distributions
From net investment income	(0.09)
From net realized gain	—j
	(0.09)
Net asset value, end of period	$14.25
Total returnk,l (%)	7.46m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1
Ratio of net expenses
to average net assetsq (%)	0.22r
Ratio of gross expenses
to average net assetsp,q (%)	4.75r
Ratio of net investment income
to average net assetsv (%)	0.26r
Portfolio turnover (%)	3m

See notes to
financial statements.

20

F I N A N C I A L   H I G H L I G H T S

CLASS 1 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.31
Net investment incomeh	0.09
Net realized and unrealized
gain on investments	0.90
Total from
investment operations	0.99
Less distributions
From net investment income	(0.09)
From net realized gain	—j
	(0.09)
Net asset value, end of period	$14.21
Total returnk,l (%)	7.49m
Ratios and supplemental data
Net assets, end of period
(in millions)	$6,097
Ratio of net expenses
to average net assetsq (%)	0.12r
Ratio of net investment income
to average net assetsv (%)	1.82r
Portfolio turnover (%)	3m

a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05. Unaudited.

h Based on the average of the shares outstanding.

i Less than $500,000.

j Less than $0.01 per share.

k Assumes dividend reinvestment and does not reflect the effect of sales charges.

l Total returns would have been lower had certain expenses not been reduced during the period shown.

m Not annualized.

p Does not take into consideration expense reductions during the period shown.

q Does not include expenses of the investment companies in which the Fund invests.

r Annualized.

v Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by the underlying investment companies in which the Fund invests.

See notes to
financial statements.

21

NOTES TO
STATEMENTS

Unaudited

I. Organization

The John Hancock Lifestyle Balanced Portfolio (the “Fund”) is a non-diversified series of John Hancock Funds II (the “Trust”), an open-end management investment company registered under the Investment Company Act of 1940, as amended.

The Fund operates as a “fund of funds”, which invests in shares of mutual funds (“underlying funds”) managed by affiliates of John Hancock Investment Management Services, LLC (the “Adviser”). The Adviser is a wholly owned subsidiary of Manulife Financial Corporation (“MFC”). Each underlying fund’s accounting policies are outlined in the underlying fund’s shareholder report, available without charge by calling 1-800-344-1029 or on the Securities and Exchange Commission (“SEC”) Internet site at www.sec.gov, File # 811-21779, CIK 0001331971.

The Trustees have authorized the issuance of multiple classes of shares of the Fund, including classes designated as Class A, Class B, Class C, Class R3, Class R4, Class R5, and Class 1 shares. The shares of each class represent an interest in the same portfolio of investments of the Fund, and have equal rights as to voting, redemptions, dividends and liquidation, except that certain expenses, subject to the approval of the Trustees, may be applied differently to each class of shares in accordance with current regulations of the Securities and Exchange Commission and the Internal Revenue Service. Shareholders of a class that bears distribution and service expenses under the terms of a distribution plan have exclusive voting rights to that distribution plan.

At February 28, 2006 John Hancock USA, an indirect subsidiary of MFC, owned 7,513 Class R3, Class R4 and Class R5 shares of beneficial interest of the Fund.

II. Significant accounting policies

In the preparation of the financial statements, the Fund follows the policies described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Securities valuation

The net asset value of the shares of the Fund is determined daily as of the close of the New York Stock Exchange, normally at 4:00 P.M. Eastern Time. Investments in underlying funds are valued at their respective net asset values each business day, or at fair value as determined in good faith in accordance with procedures approved by the Trustees.

22

Securities in the underlying funds’ portfolios are valued in accordance with their respective valuation polices, as outlined in the underlying funds’ financial statements. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost.

Repurchase agreements

The Fund may enter into repurchase agreements. When a Fund enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. The Fund will take constructive receipt of all securities underlying the repurchase agreements it has entered into until such agreements expire. If the seller defaults, a Fund would suffer a loss to the extent that proceeds from the sale of underlying securities were less than the repurchase amount. The Fund may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be creditworthy by the Adviser. Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty.

Security transactions and related investment income

Investment security transactions are accounted for on a trade date basis. Interest income is accrued as earned. Dividend income on investment securities is recorded on the ex-dividend date.

Multi-class operations

All income, expenses (except for class-specific expenses) and realized and unrealized gains (losses) are allocated to each class of shares based upon the relative net assets of each class. Dividends to shareholders from net investment income are determined at a class level and distributions from capital gains are determined at a Fund level.

Expense allocation

Expenses not directly attributable to a particular Fund or class of shares are allocated based on the relative share of net assets of the Fund at the time the expense was incurred. Class-specific expenses, such as transfer agency fees, blue sky fees, printing and postage fees and distribution and service fees, are accrued daily and charged directly to the respective share classes. Expenses in the Fund’s Statements of Operations reflect the expenses of the Fund and do not include any indirect expenses related to the underlying funds. Because the underlying funds have varied expense levels and the Fund may own different proportions of the underlying funds at different times, the amount of fees and expenses incurred indirectly by the Fund will vary.

Federal income taxes

The Fund qualifies as a “regulated investment company” by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Distribution of income and gains

The Fund records distributions to shareholders from net investment income and net realized gains, if any, on the ex-dividend date. Distributions paid by the Fund with respect to each class of shares are calculated in the same manner, at the same time and are in the same amount, except for the effect of expenses that may be applied differently to each class. Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from accounting principles generally accepted in the United States of America. Distributions in excess of tax basis earnings and profits, if any, are reported in the Fund’s financial statements as a return of capital.

Capital accounts

The Fund reports the undistributed net investment income and accumulated undistributed net realized

23

gain (loss) accounts on a basis approximating amounts available for future tax distributions (or to offset future taxable realized gains when a capital loss carryforward is available). Accordingly, the Fund may periodically make reclassifications among certain capital accounts, without affecting its net asset value.

III. Investment advisory and other agreements

Advisory fees

The Trust has entered into an Investment Advisory Agreement with the Adviser. The Adviser is responsible for managing the corporate and business affairs of the Trust and for selecting and compensating subadvisers to handle the investment and reinvestment of the assets of the Fund, subject to the supervision of the Board of Trustees. Under the Advisory Agreement the Fund pays a monthly management fee to the Adviser equivalent, on an annual basis, to the sum of: (a) 0.05% of the first $7,500,000,000 of the Fund’s aggregate daily net assets and (b) 0.04% of the Fund’s aggregate daily net assets in excess of $7,500,000,000. Aggregate net assets include the net assets of the five Lifestyle Portfolios of the Trust (the Lifestyle Aggressive, the Lifestyle Balanced, the Lifestyle Conservative, the Lifestyle Growth and the Lifestyle Moderate) and the five Lifestyle Portfolios of John Hancock Trust (the Lifestyle Aggressive 1000, the Lifestyle Growth 820, the Lifestyle Balanced 640, the Lifestyle Moderate 460 and the Lifestyle Conservative 280). The Fund is not responsible for payment of the subadvisory fees.

Expense reimbursements

The Adviser has contractually agreed to waive advisory fees or reimburse Fund’s expenses for Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares to the extent that blue sky fees and printing and postage expenses attributable to each class exceed 0.09% of the average annual net assets attributable to the classes, at least until November 1, 2006. Accordingly, the expense reductions related to this expense limitation amounted to $55,346, $22,834, $42,377, $6,519, $6,652 and $9,967 for Class A, Class B, Class C, Class R3, Class R4 and Class R5, respectively, for the period ended February 28, 2006. The Adviser reserves the right to terminate this limitation in the future.

Administration fees

The Fund has an agreement with the Adviser that requires the Fund to reimburse the Adviser for all expenses associated with providing the administrative, financial, accounting and recordkeeping services of the Fund, including the preparation of all tax returns, annual, semiannual and periodic reports to shareholders and the preparation of all regulatory reports.

Distribution plans

The Trust has a Distribution Agreement with John Hancock Funds, LLC (“JH Funds”), a wholly-owned subsidiary of the Adviser. The Fund has adopted Distribution Plans with respect to Class A, Class B, Class C, Class R3, Class R4 and Class 1, pursuant to Rule 12b-1 under the Investment Company Act of 1940, to reimburse JH Funds for the services it provides as distributor of shares of the Fund. Accordingly, the Fund makes monthly payments to JH Funds at an annual rate not to exceed 0.30%, 1.00%, 1.00%, 0.50%, 0.25%, and 0.05% of average daily net asset value of Class A, Class B, Class C, Class R3, Class R4 and Class 1, respectively. A maximum of 0.25% of such payments may be service fees, as defined by the Conduct Rules of the National Association of Securities Dealers. Under the Conduct Rules, curtailment of a portion of the Fund’s 12b-1 payments could occur under certain circumstances.

The Fund has also adopted a Service Plan with respect to Class R3, Class R4 and Class R5 shares (the “Service Plan”). Under the Service Plan, the Fund pays up to 0.15%, 0.10% and 0.05% of average daily net assets of Class R3, Class R4 and

24

Class R5 shares, respectively, for certain other services. There were no servicing fees during the period ended February 28, 2006.

Sales charges

Class A shares are assessed up-front sales charges. During the period ended February 28, 2006, JH Funds received net up-front sales charges of $421,226 with regard to sales of Class A shares. Of this amount, $69,415 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $339,947 was paid as sales commissions to unrelated broker-dealers and $11,864 was paid as sales commissions to sales personnel of Signator Investors, Inc. (“Signator Investors”), a related broker-dealer, an indirect subsidiary of MFC.

Class B shares that are redeemed within six years of purchase are subject to a contingent deferred sales charge (“CDSC”) at declining rates, beginning at 5.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Class C shares that are redeemed within one year of purchase are subject to a CDSC at a rate of 1.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from the CDSCs are paid to JH Funds and are used, in whole or in part, to defray its expenses for providing distribution-related services to the Fund in connection with the sale of Class B and Class C shares. During the period ended February 28, 2006, CDSCs received by JH Funds amounted to $249 for Class B shares and $846 for Class C shares.

Transfer agent fees

The Fund has a Transfer Agency Agreement with John Hancock Signature Services, Inc. (“Signature Services”), an indirect subsidiary of MFC. For Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares, the Fund pays a monthly transfer agent fee at an annual rate of 0.05% of each class’s average daily net assets, plus a fee based on the number of shareholder accounts and reimbursement for certain out-of-pocket expenses. Expenses not directly attributable to a particular class of shares are aggregated and allocated to each class on the basis of its relative net asset value.

Signature Services has agreed to limit the transfer agent fees so that such fees do not exceed 0.20% annually of Class A, Class B, Class C, Class R3, Class R4 and Class R5 share average daily net assets. This agreement is effective until December 31, 2006. Signature Services reserves the right to terminate this limitation in the future. In addition, Signature Service has voluntarily agreed to further limit transfer agent fees for Class R3, Class R4 and Class R5 shares so that such fees do not exceed 0.05% annually of each class’s average daily net assets. Accordingly, the transfer agent fees reductions amounted to $66, $75 and $300 for Class R3, Class R4 and Class R5 shares, respectively, during the period ended February 28, 2006. Signature Services reserves the right to terminate this limitation at any time.

25

Expenses under the agreements described above for the period ended February 28, 2006, were as follows:

	Distribution	Transfer		Printing and
Share Class	fees	agent	Blue sky	postage
Class A	$8,875	$4,543	$5,514	$52,776
Class B	9,239	1,564	5,514	18,247
Class C	23,143	3,385	5,514	39,163
Class R3	212	88	5,514	1,046
Class R4	129	100	5,514	1,187
Class R5	N/A	400	5,514	4,685
Class 1	970,518	—	—	—
Total	$1,012,116	$10,080	$33,084	$117,104

Trustees’ fees

The Trust compensates each Trustee who is not an employee of the Adviser or its affiliates. Total Trustees’ expenses are allocated based on each fund’s average daily net asset value.

IV. Guarantees and indemnifications

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

26

V. Capital shares

Share activities for the Fund for the period ended February 28, 2006 were as follows:

		Period ended 2-28-06a
	Shares		Amount
Class A shares
Sold	1,576,547		$22,134,082
Distributions reinvested	2,565		35,470
Repurchased	(26,018)		(368,040)
Net increase	1,553,094		$21,801,512
Class B shares
Sold	445,759		$6,236,513
Distributions reinvested	743		10,287
Repurchased	(6,164)		(86,821)
Net increase	440,338		$6,159,979
Class C shares
Sold	1,355,817		$19,084,356
Distributions reinvested	1,410		19,531
Repurchased	(13,148)		(186,531)
Net increase	1,344,079		$18,917,356
Class R3 shares
Sold	12,823		$175,456
Net increase	12,823		$175,456
Class R4 shares
Sold	17,773		$245,899
Repurchased	(1,118)		(15,954)
Net increase	16,655		$229,945
Class R5 shares
Sold	77,988		$1,081,539
Distributions reinvested	188		2,602
Repurchased	(881)		(12,436)
Net increase	77,295		$1,071,705
Class 1 shares
Sold	427,038,807		$5,716,214,876
Distributions reinvested	2,789,486		38,439,121
Repurchased	(790,624)		(11,033,932)
Net increase	429,037,669		$5,743,620,065
Net increase	432,481,953		$5,791,976,018

a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

27

VI. Investment transactions

Purchases and proceeds from sales or maturities of securities, other than short-term securities and obligations of the U.S. government, during the period ended February 28, 2006, aggregated $5,966,790,545 and $176,875,158, respectively.

The cost of investments owned on February 28, 2006, including short-term investments, for federal income tax purposes, was $5,794,023,720. Gross unrealized appreciation and depreciation of investments aggregated $354,380,405 and $1,412,335, respectively, resulting in net unrealized appreciation of $352,968,070. The difference between book basis and tax basis net unrealized appreciation of investments is attributable primarily to the tax deferral of losses on certain sales of securities.

VII. Investment in affiliated underlying funds

The Fund invests primarily in the underlying funds  “that are managed by affili-ates of the Adviser. The Fund does not invest in the underlying funds for the purpose of exercising management or control. A summary of the Fund’s transactions in the securities of affiliated issuers in which the Fund’s holdings represent 5% or more of the outstanding voting securities of the issuer, during the period ended February 28, 2006 is set forth below.

Affiliate —	Shares	Shares	Ending Share		Ending
Class NAV	Purchased	Sold	Amount	Proceeds	Value
500 Index	10,981,302	121	10,981,181	$114,002,555	$121,561,677
Active Bond	12,645,270	33	12,645,237	121,344,145	122,279,441
Blue Chip Growth	27,130,636	10,783	27,119,853	455,514,782	490,326,946
Core Bond	9,730,984	24	9,730,960	121,540,607	122,318,171
Core Equity	12,321,889	74,395	12,247,494	170,506,485	182,977,562
Equity-Income	17,582,525	1,061	17,581,464	284,425,211	305,917,478
Fundamental Value	11,959,434	112	11,959,322	174,665,661	182,977,622
Global Bond	12,896,092	1,264	12,894,828	186,195,346	184,782,892
High Yield	71,317,824	18,188	71,299,636	719,635,887	740,090,223
International
Opportunities	8,213,967	41,650	8,172,317	111,520,251	127,651,585
International Small Cap	6,107,270	131	6,107,139	111,202,971	124,707,770
International Stock	18,770,594	504	18,770,090	222,345,072	247,952,889
International Value	14,839,542	587	14,838,955	222,001,366	244,694,362
Large Cap	4,177,136	469	4,176,667	56,107,926	60,352,837
Large Cap Value	2,712,710	26	2,712,684	55,657,368	60,764,127
Mid Cap Stock	3,790,944	31	3,790,913	53,319,697	62,057,251
Natural Resources	9,423,753	2,015,894	7,407,859	208,966,667	245,570,520
Real Estate Securities	11,760,257	173,729	11,586,528	271,672,226	310,055,480
Real Return Bond	22,977,364	62	22,977,302	307,124,167	308,355,391
Small Cap	4,002,883	576	4,002,307	54,163,025	61,195,267
Small Cap
Opportunities	2,559,048	342	2,558,706	54,596,076	61,460,113
Small Company Value	2,553,237	73	2,553,164	54,339,190	61,658,900
Spectrum Income	29,972,328	79	29,972,249	300,217,317	307,215,548
Strategic Bond	15,339,030	2,062	15,336,968	181,504,335	184,043,611
Strategic Value	11,228,139	171	11,227,968	115,766,062	122,160,295
Total Return	22,358,893	63	22,358,830	305,014,039	307,881,082
U.S. Global
Leaders Growth	13,776,063	601	13,775,462	182,397,418	184,177,926
U.S. High Yield Bond	9,336,452	24	9,336,428	119,351,976	122,213,844
U.S. Multi Sector	34,529,513	636	34,528,877	346,584,014	367,387,254
Value & Restructuring	10,930,744	178	10,930,566	109,651,547	122,203,726

28

Evaluation of Advisory and Subadvisory Agreement by the Board of Trustees (unaudited)

This section describes the evaluation by the Board of Trustees of the Advisory Agreement and each of the Subadvisory Agreements.

Evaluation by the Board of Trustees

The Board, including the Independent Trustees, is responsible for selecting the Trust’s investment adviser, John Hancock Investment Management Services, LLC (the “Adviser” or “JHIMS”), approving the Adviser’s selection of subadvisers for each series of the Trust (the “Funds”) and approving the Trust’s advisory and subadvisory agreements, their periodic continuation and any amendments. Consistent with SEC rules, the Board will regularly evaluate the Trust’s advisory and subadvisory arrangements, including consideration of the six factors listed below. The Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. The Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, the Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel. The six factors to be regularly considered by the Board are:

1. the nature, extent and quality of the services to be provided by the Adviser to the Trust and by the subadvisers to the Funds;

2. the investment performance of the Funds and their subadvisers;

3. the extent to which economies of scale would be realized as a Fund grows;

4. whether fee levels reflect these economies of scale for the benefit of Trust shareholders;

5. the costs of the services to be provided and the profits to be realized by the Adviser and its affiliates from the Adviser’s relationship with the Trust; and

6. comparative services rendered and comparative advisory and subadvisory fee rates.

The Board believes that information relating to all six factors is relevant to its evaluation of the Trust’s advisory agreement. With respect to its evaluation of subadvisory agreements, the Board believes that, in view of the Trust’s “manager-of-managers” advisory structure: factors (1), (2) and (6) are of primary relevance; factors (3) and (4) generally are less significant to the Trustees’ considerations because subad-visory fees are paid to subadvisers by the Adviser and not directly by the Funds, and issues pertaining to economies of scale are considered in connection with the approval of the advisory fees that are paid directly by the Funds; and with respect to those subadvisers that are not affiliated with the Adviser, because the Board relies on the ability of the Adviser to negotiate the subadvisory fees at arms-length, factor (5) generally is also less significant to the Trustees’ considerations except in those circumstances in which such attention may be warranted because the comparative fee information considered in connection with factor (6) indicates that the subadvisory fees will materially exceed those normally charged under comparable circumstances.

29

In evaluating subadvisory arrangements, the Board also considers other material business relationships that unaffiliated subadvisers and their affili-ates have with the Adviser or its affiliates, including the involvement by certain affiliates of certain subadvisers in the distribution of financial products, including shares of the Trust, offered by the Adviser and other affiliates of the Adviser (“Material Relationships”).

Approval of Advisory Agreement

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Advisory Agreement between the Trust and JHIMS with respect to each of the Funds.

In approving the Advisory Agreement, and with reference to the six factors that it considers, the Board:

1(a) considered the high value to the Trust of JHIMS’s long relationship with investment companies within the same fund complex as the Trust, the skills and competency which JHIMS has demonstrated in managing the affairs and subadvisory relationships of these other investment companies, JHIMS’s ability to oversee and monitor the subadvis-ers’ investment performance and compliance programs and the qualifications of JHIMS’ personnel,

(b) considered JHIMS’s compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments, and

(c) considered JHIMS’s administrative capabilities, including its ability to supervise the other service providers for the Funds and concluded that JHIMS may reasonably be expected to ably perform its services under the Advisory Agreement;

2 reviewed the investment performance of comparably managed funds of each of the Funds; the comparative performance of their respective benchmarks and comparable funds (i.e., funds having approximately the same investment objective); and JHIMS’ analysis of such performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds; and concluded that each of the comparably managed funds has generally performed well or within a range that the Board deemed competitive except as discussed in Appendix A, and that JHIMS may reasonably be expected to ably monitor the performance of the Funds and each of their subadvisers;

3 & 4 reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded (a) that to the extent that Funds have subad-visory fees with breakpoints, those breakpoints are reflected as breakpoints in the advisory fees for Funds, (b) that all Funds with a subadviser that is not affiliated with the Adviser have subadvisory fees which are the product of arms-length negotiations between the Adviser and the subadviser and which in many, but not all, cases contain breakpoints, and (c) that, although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow;

5 (a) reviewed the financial statements of JHIMS and John Hancock Life Insurance Company (U.S.A.) (“JHLICO (U.S.A.)”) and considered an analysis presented by JHIMS

30

regarding the estimated net profitability to JHIMS of the advisory fee structure;

(b) reviewed the profitability of the JHIMS’ relationship with the Funds in terms of the total amount of annual advisory fees it is estimated to receive with respect to the Funds and whether JHIMS has the financial ability to provide a high level of services to the Funds,

(c) considered that JHIMS will derive reputational and other indirect benefits from providing advisory services to the Funds, and

(d) noted that JHIMS will pay the sub-advisory fees out of the advisory fees JHIMS receives from the Funds and concluded that the advisory fees to be paid by the Trust with respect to the Funds are not unreasonable in light of such information; and

6 reviewed comparative information with respect to the proposed advisory fee rates and concluded that the Trust’s anticipated advisory fees are within the range of those incurred by other comparable funds and that the Trust’s advisory structure is thus competitive within the industry. In considering the proposed advisory fee rates, the Board took into account the high level of services expected to be provided to the Funds and the other factors considered.

Additional information that the Board considered for a particular Fund is set forth in Appendix A.

Approval of Subadvisory Agreements

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Subadvisory Agreements.

In making its determination with reference to these respective factors, the Board reviewed:

1 information relating to each subad-viser’s business, which may include information such as: business performance, representative clients, assets under management, financial stability, personnel and, if applicable, past sub-advisory services to affiliated funds of the Trust;

2 the investment performance of comparatively managed funds of the Fund and comparative performance information relating to the comparatively managed fund’s benchmark and comparable funds;

3 the proposed subadvisory fee for each Fund and comparative fee information; and

4 information relating to the nature and scope of Material Relationships and their significance to the Trust’s adviser and unaffiliated subadvisers.

The Board’s decision to approve each Subadvisory Agreement was based on a number of determinations, including the following:

1 The Subadviser has extensive experience and demonstrated skills as a manager;

2 Although not without variation, the current and historical performance of the comparably managed funds of Subadviser to the Funds generally has been within the range of the current and historical performance of comparable funds and the comparably managed funds’ respective benchmarks;

3 With respect to each subadviser that is not affiliated with the Adviser, the subadvisory fees are a product of arms-length negotiation between the

31

Adviser and the subadviser and generally are within the range of industry norms; and

4 The Material Relationships consist of arrangements in which unaffiliated subadvisers or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s adviser or its affiliates, which may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans, and which in no case contained elements that would cause the Board to conclude that approval of the subadvisory agreement with the subadviser would be inappropriate.

Additional information that the Board considered for a particular fund is set forth below.

	Performance of
	Comparable Funds	Estimated Fees
Fund	as of June 30, 2005	and Expenses
Lifestyle Balanced	Performance of the	Advisory fees for this Fund
	Lifestyle Balanced 820	are lower than its peer
(MFC Global	Trust of JHT has	group median.
Investment	outperformed its
Management (U.S.A.)	benchmark index over	Total expenses for this
Limited	the one, three and five	Fund are higher than its
	year periods.	peer group median.

32

For more information

The Portfolio’s proxy voting policies, procedures and records are available without charge, upon request:

By phone	On the Fund’s Web site	On the SEC’s Web site
1-800-225-5291	www.jhfunds.com/proxy	www.sec.gov

Trustees	Gordon M. Shone	Principal distributor
James M. Oates, Chairman*	Vice President and Treasurer	John Hancock Funds, LLC
Charles L. Bardelis *	Betsy A. Seel	601 Congress Street
James R. Boyle†	Assistant Vice President,	Boston, MA 02210-2805
Peter S. Burgess *	Secretary and
Elizabeth G. Cook	Chief Legal Officer	Custodian
William H. Cunningham		State Street Bank & Trust Co.
Charles L. Ladner *	George Boyd	225 Franklin Street
Hassell H. McClellan	Senior Counsel, Assistant	Boston, MA 02110
*Members of the Audit Committee	Vice President and
†Non-Independent Trustee	Assistant Secretary	Transfer agent
		John Hancock Signature
	Francis V. Knox, Jr.	Services, Inc.
Officers	Vice President and Chief	1 John Hancock Way,
Keith F. Hartstein	Compliance Officer	Suite 1000
President		Boston, MA 02217-1000
	Investment adviser
John G. Vrysen	John Hancock Investment	Legal counsel
Executive Vice President and	Management Services, LLC	Kirkpatrick & Lockhart
Chief Financial Officer	601 Congress Street	Nicholson Graham LLP
	Boston, MA 02210-2805	1 Lincoln Street
		Boston, MA 02111

The Portfolio’s investment objective, risks, charges and expenses are included in the prospectus and should be considered carefully before investing. For a prospectus, call your financial professional, call John Hancock Funds at 1-800-225-5291, or visit the Portfolio’s Web site at www.jhfunds.com. Please read the prospectus carefully before investing or sending money.

How to contact us
Internet	www.jhfunds.com
Mail	Regular mail:	Express mail:
	John Hancock	John Hancock
	Signature Services, Inc.	Signature Services, Inc.
	1 John Hancock Way, Suite 1000	Mutual Fund Image Operations
	Boston, MA 02217-1000	380 Stuart Street
		Boston, MA 02116
Phone	Customer service representatives	1-800-225-5291
	24-hour automated information	1-800-338-8080
	TDD line	1-800-554-6713

A listing of month-end portfolio holdings is available on our Web site, www.jhfunds.com. A more detailed portfolio holdings summary is available on a quarterly basis 60 days after the fiscal quarter on our Web site or upon request by calling 1-800-225-5291, or on the Securities and Exchange Commission’s Web site, www.sec.gov.

33

Table of contents 

Your fund at a glance 

page 1 

Managers’ report 

page 2 

A look at performance 

page 6 

Growth of $10,000 

page 7 

Your expenses 

page 8 

Fund’s investments 

page 10 

Financial statements 

page 11 

For more information 

page 33 

To Our Shareholders,

After producing modest returns in 2005, the stock market started off strong in the first two months of 2006. The major indexes all advanced and produced two-month returns that were already half as much as the market’s returns for all of 2005. For example, the Standard & Poor’s 500 Index returned 2.93% through February 2006, versus 4.91% last year in total. Investors were encouraged by solid corporate earnings, a slower-growing economy and stable inflation, which suggested the Federal Reserve could be coming close to the end of their 18-month campaign of rising interest rates.

Although a solid yearly beginning has typically augured well for the rest of the year, it is anyone’s guess where the market will end 2006, especially given the wild cards of interest rate moves and record-high energy prices and their impact on corporate profits and the economy.

One thing we do know, however, is that the stock market’s pattern is one of extremes. Consider the last 10 years. From 1995 through 1999, we saw double-digit returns in excess of 20% per year, only to have 2000 through 2002 produce ever-increasing negative results, followed by another 20%-plus up year in 2004 and a less than 5% advance in 2005. Since 1926, the market, as measured by the Standard & Poor’s 500 Index, has produced average annual results of 10.4% . However, that “normal” return is rarely produced in any given year. In fact, calendar-year returns of 8% to 12% have occurred only five times in the 80 years since 1926.

Although the past in no way predicts the future, we have learned at least one lesson from history: Expect highs and lows in the short term, but always invest for the long term. Equally important: Work with your financial professional to maintain a diversified portfolio, spread out among not only different asset classes — stocks, bonds and cash — but also among various investment styles. It’s the best way we know of to benefit from, and weather, the market’s extremes.

Sincerely,

Keith F. Hartstein,
President and Chief Executive Officer

This commentary reflects the CEO’s views as of February 28, 2006. They are subject to change at any time.

YOUR FUND
AT A GLANCE

The Portfolio seeks a
balance between a
high level of current
income and growth
of capital, with a
greater emphasis
on income. To
pursue this goal,
the Portfolio, which
is a fund of funds,
normally invests
approximately
80% of its assets
in underlying
funds which invest
primarily in fixed-
income securities
and approximately
20% of its assets
in underlying
funds which invest
primarily in equity
securities.

Since inception^a

*  U.S. fixed income segments were only modestly positive during the
reporting period but equities performed quite well.

*  All but one of the underlying funds produced positive results during the
reporting period, and the Lifestyle Conservative Portfolio outperformed
the index.

*  The equity portion of the Portfolio benefited most from allocations to
funds that invest in small- and mid-cap stocks as well as funds that
invest in non-U.S. equities, while the fixed-income portion benefited
most from funds that invest in high yield bonds.

Total returns for the Portfolio are at net asset value with all distributions reinvested. These returns do not reflect the deduction of the maximum sales charge, which would reduce the performance shown above.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 began operations on 10-18-05 and Class 1 began operation on 10-15-05.

Asset Allocation
Equity	% of Total	Fixed Income	% of Total
U.S. Large Cap	10.00	Intermediate Term Bond	28.00
International	5.00	Multi-Sector Bond	16.00
Real Estate	5.00	Short-Term Bond	11.00
		Global Bond	8.00
		High Yield Bond	8.00
		Long-Term Bond	5.00
		Treasury Inflation
		Protected Securities	4.00

As a percentage of the Portfolio’s net assets on February 28, 2006.

1

FROM THE MANAGEMENT TEAM OF MFC GLOBAL INVESTMENT MANAGEMENT

MANAGERS’
REPORT

JOHN HANCOCK
Lifestyle
Conservative Portfolio

For the reporting period of October 18, 2005 through February 28, 2006, all major equity indexes posted positive results, while bonds advanced modestly. The dominant influence of energy on the economy and on business profitability kept equity and oil prices locked in contrary motion: Equities fell in December and January as oil prices firmed, and rallied in October, November and February as oil prices declined. Oil price volatility has not diminished the underlying support that equities have received from strong corporate earnings and solid economic growth.

“For the reporting period of
October 18, 2005 through
February 28, 2006, all major
equity indexes posted positive
results, while bonds advanced
modestly.”

U.S. small-cap stocks were the best performers over the reporting period followed by mid-cap stocks. Large-cap stocks continued to trail, which is consistent with the last two years of unremarkable performance. Small-and mid-cap growth stocks beat their value counterparts, while value stocks outperformed in the large-cap area. International stocks produced strong results during this period, outperforming U.S. equities by approximately 6%. This performance was bolstered by strong results in Japan and Germany.

While equities performed quite well during the reporting period, most U.S. fixed-income segments were only modestly positive. One exception came from high-yield issues, which significantly outperformed other fixed-income areas as investors searched for yield. In terms of non-U.S. fixed-income, hedged strategies outperformed unhedged portfolios due to the strengthening of the U.S. dollar against most currencies, namely the Euro, Yen and Sterling.

Performance results

From inception October 18, 2005 (for Class I inception is October 15, 2005) through February 28, 2006, John Hancock Lifestyle Conservative Portfolio’s Class A, Class B, Class C, Class R3,

2

Class R4, Class R5 and Class I shares posted total returns of 3.52%, 3.28%, 3.21%, 3.38%, 3.51%, 3.56% and 3.66%, respectively, at net asset value. That compared with the 2.85% return of the Portfolio’s benchmark index — a 20/80 blend of the Standard & Poor’s 500 Index and the Lehman Brothers Aggregate Bond Index.

Performance explanation

This Portfolio outperformed its benchmark since inception. Both the equity and fixed-income components of the Portfolio contributed to the positive outcome. Performance of the equity portion was aided by Real Estate Securities Fund (+17.27%, Deutsche Asset Management), which delivered excellent gains as REITs continued to outperform the S&P 500 Index for the sixth straight year. While real estate can be volatile as an individual investment, the risks inherent in this asset class are diffused by the broad diversification of Lifestyle Conservative Portfolio.

“Allocations to traditional equity
asset classes also added value,
particularly the exposure to
non-U.S. funds.”

Allocations to traditional equity asset classes also added value, particularly the exposure to non-U.S. funds. International Stock (+13.38%, GMO), a value-oriented fund, led the way on the non-U.S. side. Domestically, the large-cap portion of the portfolio delivered a slight positive contribution. U.S. Multi Sector (GMO) Fund was the main detractor from performance. This was due in large part to the fund’s positioning in higher-quality names. The fund’s management team continues to believe that low quality stocks are extremely overvalued and that high-quality equities represent the best opportunity within the U.S. The negative relative result from U.S. Multi Sector Fund was offset by other managers in the space, particularly by the solid return from Value and Restructuring Fund (12.07%, Excelsior).

The best relative results in the fixed-income portion of the Portfolio were generated by high yield funds. Although spreads have become historically tight in relation to other fixed-income options, investors have continued to flock to high yield bonds in an effort to capture any incremental yield over traditional fixed-income asset classes. Allocations to multi-sector bond funds also added value. These funds are designed to outperform the broad

3

fixed-income market with a similar amount of risk by allocating across a wide range of sectors, including emerging-market debt, high yield and non-U.S. sovereign debt. Over the current reporting period, Spectrum Income Fund (+3.19%, T. Rowe Price) benefited from allocations to high yield and emerging-market debt.

“Lifestyle Conservative Portfolio
is well diversified across a
wide range of asset classes and
investment styles, including
non-traditional asset classes.”

The main detractor from performance within fixed income was Global Bond (–0.71%, PIMCO). Because the strategy does not hedge the underlying currency of its foreign bond holdings, the rallying U.S. dollar hurt performance. While global bonds detracted from results during this period, allocations to non-traditional fixed-income asset classes such as global bonds and TIPS help to diversify Lifestyle Conservative Portfolio over the long term.

Positioning and outlook

Lifestyle Conservative Portfolio is well diversified across a wide range of asset classes and investment styles, including non-traditional asset classes. The Portfolio has a 5% weighting in non-U.S. equity funds and a 5% position in the Real Estate Securities Fund (Deutsche Asset Management). On the fixed-income front, the portfolio has meaningful stake in high yield funds (8%), an 8% position in Global Bond Fund (PIMCO) and a 4% position in Real Return Bond Fund (PIMCO). No major changes were made during this short time period outside of the regular rebalancing process.

Portfolio diversification as a percentage of net assets on 2-28-06

4

We believe that the long-awaited shift in favor of higher-quality stocks will occur sooner rather than later, and we are well positioned for this impending change within our large-cap allocations. We remain vigilant in our evaluation of the areas that have experienced excellent relative and absolute gains recently, including real estate, natural resources and high yield. In our view, valuations in these areas are not as attractive as they were three years ago (for example, high yield spreads over treasuries have tightened significantly, and cash flow multiples for REIT securities have been higher than historical averages). In many cases, however, the fundamentals remain strong. As always, we will make adjustments to further enhance the risk-reward profile of the Portfolio as opportunities arise.

This commentary reflects the views of the portfolio managers through the end of the Portfolio’s period discussed in this report. The managers’ statements reflect their own opinions. As such, they are in no way guarantees of future events and are not intended to be used as investment advice or a recommendation regarding any specific security. They are also subject to change at any time as market and other conditions warrant.

International investing involves special risks such as political, economic and currency risks and differences in accounting standards and financial reporting. See the prospectus for the risks of investing in small-cap stocks. See the prospectus for the risks of investing in high-yield bonds.

5

A LOOK AT
PERFORMANCE

For the period ending
February 28, 2006

With maximum sales charge (POP)
	Cumulative total returns
	Since inceptiona
Class A	–1.64%
Class B	–1.72
Class C	2.21
Class R3b	3.38
Class R4b	3.51
Class R5b	3.56
Class 1b	3.66

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

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the Fund’s current performance may be higher or lower than the performance shown. For performance data current to the most recent month-end, please call 1-800-225-5291 or visit the Fund’s Web site at www.jhfunds.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

The Fund’s performance results reflect any applicable expense reductions, without which the expenses would increase and results would have been less favorable.

Since inception performance is calculated with an opening price (prior day’s close) on the inception date.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

^b For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

6

GROWTH OF
$10,000

This chart shows what happened to a hypothetical $10,000 investment in Class A shares for the period indicated. For comparison, we’ve shown the same investment in a blended index.

	Class B	Class C	Class R31	Class R41	Class R51	Class 11
Period beginning	10-18-05	10-18-05	10-18-05	10-18-05	10-18-05	10-15-05
Without
sales charge	$10,328	$10,321	$10,338	$10,351	$10,356	$10,366
With maximum
sales charge	9,828	10,221	10,338	10,351	10,356	10,366
Index	10,285	10,285	10,285	10,285	10,285	10,294

Assuming all distributions were reinvested for the period indicated, the table above shows the value of a $10,000 investment in the Fund’s Class B, Class C, Class R3, Class R4, Class R5 and Class 1 shares, respectively, as of February 28, 2006. Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.

A blended index is used combining 20% of the Standard & Poor’s 500 Index, an unmanaged index that includes 500 widely traded common stocks, and 80% of the Lehman Brothers Aggregate Bond Index, an unmanaged index of dollar-denominated and nonconvertible investment-grade debt issues.

It is not possible to invest directly in an index. Index figures do not reflect sales charges and would be lower if they did.

¹ For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

7

YOUR
EXPENSES

These examples are intended to help you understand your ongoing operating expenses.

Understanding fund expenses

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

*  Transaction costs which include sales charges (loads) on
purchases or redemptions (varies by share class), minimum
account fee charge, etc.

*  Ongoing operating expenses including management fees,
distribution and service fees (if applicable) and other fund expenses.

In addition to the operating expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the operating expenses of the underlying funds in which the Fund invests. Because the underlying funds have varied operating expenses and transaction costs and the Fund may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the Fund will vary. If these indirect expenses were included, your expenses paid during the period would have been higher.

We are going to present only your ongoing operating expenses here.

Actual expenses/actual returns

This example is intended to provide information about your fund’s actual ongoing operating expenses, and is based on your fund’s actual return. It assumes an account value of $1,000.00 on inception date, with the same investment held until February 28, 2006.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,035.20	$2.34
Class Bb	1,032.80	5.08
Class Cb	1,032.10	4.88
Class R3b	1,033.80	2.75
Class R4b	1,035.10	1.83
Class R5b	1,035.60	0.81
Class 1b	1,036.60	0.51

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over

8

the period. Simply divide your account value at February 28, 2006 by $1,000.00, then multiply it by the “expenses paid” for your share class from the table above. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

This table allows you to compare your fund’s ongoing operating expenses with those of any other fund. It provides an example of the Fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annual return before expenses (which is not your fund’s actual return). It assumes an account value of $1,000.00 on inception date, with the same investment held until February 28, 2006. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,016.10	$2.32
Class Bb	1,013.40	5.03
Class Cb	1,013.60	4.83
Class R3b	1,015.70	2.72
Class R4b	1,016.60	1.81
Class R5b	1,017.60	0.81
Class 1b	1,018.30	0.50

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

^a Expenses are equal to the Fund’s annualized expense ratio of 0.62%, 1.35%,
1.32%, 0.73%, 0.48%, 0.23% and 0.12% for Class A, Class B, Class C, Class R3,
Class R4, Class R5 and Class 1, respectively, multiplied by the average account value
over the period, multiplied by the number of days in the inception period /365 or
366 (to reflect the one-half year period).

^b Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on
10-18-05 and Class 1 shares began operation on 10-15-05.

9

F I N A N C I A L   S TAT E M E N T S

FUND’S
INVESTMENTS

Securities owned
by the Fund on
February 28, 2006
(unaudited)

Lifestyle Conservative Fund portfolio of investments, showing all underlying funds.

Issuer	Shares	Value
Investment Companies 100.01%		$1,022,222,840
(Cost $994,509,853)
John Hancock Funds II
Active Bond Fund Class NAV	10,572,744	$102,238,435
Blue Chip Growth Fund Class NAV	1,129,759	20,426,042
Core Bond Fund Class NAV	1,622,159	20,390,543
Equity-Income Fund Class NAV	1,173,766	20,423,523
Fundamental Value Fund Class NAV	1,332,422	20,386,054
Global Bond Fund Class NAV	5,729,008	82,096,685
High Yield Fund Class NAV	6,889,604	71,514,086
International Stock Fund Class NAV	1,550,231	20,478,549
International Value Fund Class NAV	1,856,206	30,608,836
Investment Quality Bond Fund Class NAV	4,296,986	51,091,161
Real Estate Securities Fund Class NAV	1,907,845	51,053,924
Real Return Bond Fund Class NAV	3,046,777	40,887,746
Spectrum Income Fund Class NAV	8,969,923	91,941,706
Strategic Bond Fund Class NAV	5,958,405	71,500,857
Total Return Fund Class NAV	11,886,315	163,674,552
U.S. Government Securities Fund Class NAV	8,271,343	112,490,265
U.S. High Yield Bond Fund Class NAV	781,931	10,235,482
U.S. Multi Sector Fund Class NAV	1,917,119	20,398,143
Value & Restructuring Fund Class NAV	1,823,457	20,386,251
Total investments 100.01%		$1,022,222,840
Liabilities in excess of other assets (0.01)%		($98,130)
Total net assets 100.00%		$1,022,124,710
Percentages are stated as a percent of net assets of the Fund.

See notes to
financial statements.

10

F I N A N C I A L   S TAT E M E N T S

ASSETS AND
LIABILITIES

February 28, 2006
(unaudited)

This Statement
of Assets and
Liabilities is the
Fund’s balance
sheet. It shows
the value of
what the Fund
owns, is due
and owes. You’ll
also find the net
asset value and
the maximum
offering price
per share.

Assets
Investments in affiliated funds, at value
(cost $994,509,853)	$1,022,222,840
Receivable for investments sold	69
Receivable for shares sold	628,334
Receivable from affiliates	51,014
Total assets	1,022,902,257
Liabilities
Due to custodian	917
Payable for investments purchased	624,776
Payable to affiliates
Fund administration fees	19,499
Transfer agent fees	1,397
Other payables and accrued expenses	130,958
Total liabilities	777,547
Net assets
Capital paid-in	993,559,243
Accumulated net realized gain on investments	837,185
Net unrealized appreciation on investments	27,712,987
Accumulated net investment income	15,295
Net assets	$1,022,124,710
Net asset value per share
Based on net asset values and shares outstanding —
the Fund has an unlimited number of shares
authorized with no par value
Class A ($4,138,640 ÷ 305,716 shares)	$13.54
Class B ($955,248 ÷ 70,586 shares)	$13.53
Class C ($1,394,639 ÷ 103,127 shares)	$13.52
Class R3 ($102,848 ÷ 7,601 shares)	$13.53
Class R4 ($105,194 ÷ 7,771 shares)	$13.54
Class R5 ($231,278 ÷ 17,075 shares)	$13.54
Class 1 ($1,015,196,863 ÷ 74,994,214 shares)	$13.54
Maximum offering price per share
Class Aa ($13.54 ÷ 95%)	$14.25

^a On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

See notes to
financial statements.

11

F I N A N C I A L   S TAT E M E N T S

OPERATIONS
For the period ended
February 28, 2006^a
(unaudited)

This Statement
of Operations
summarizes the
Fund’s investment
income earned and
expenses incurred
in operating the
Fund. It also shows
net gains (losses) for
the period stated.

Investment income
Income distributions received from affiliated underlying funds	$7,037,529
Total investment income	7,037,529
Expenses
Investment management fees (Note III)	142,609
Distribution and service fees (Note III)	172,052
Transfer agent fees (Note III)	1,627
Blue sky fees (Note III)	33,084
Printing and postage fees (Note III)	19,752
Fund administration fees (Note III)	19,537
Audit and legal fees	10,007
Custodian fees	4,268
Trustees’ fees (Note III)	6,994
Registration and filing fees	56,556
Miscellaneous	5,709
Total expenses	472,195
Less expense reductions (Note III)	(51,242)
Net expenses	420,953
Net investment income	6,616,576
Realized and unrealized gain
Net realized gain on investments	713,820
Capital gain distributions received from affiliated
underlying funds	123,365
Change in net unrealized appreciation of investments	27,712,987
Net realized and unrealized gain	28,550,172
Increase in net assets from operations	$35,166,748
a Period from 10-15-05 (commencement of operations) to 2-28-06.

See notes to
financial statements.

12

F I N A N C I A L   S TAT E M E N T S

CHANGES IN
NET ASSETS

These Statements
of Changes in Net
Assets show how
the value of the
Fund’s net assets
has changed
during the last
two periods. The
difference reflects
earnings less
expenses, any
investment
gains and losses,
distributions, if
any, paid to
shareholders and
the net of Fund
share transactions.

	Period
	ended
	2-28-06a
Increase (decrease) in net assets
From operations
Net investment income	$6,616,576
Net realized gain	837,185
Change in net unrealized appreciation	27,712,987
Increase in net assets resulting
from operations	35,166,748
Distributions to shareholders
From net investment income
Class A	(7,612)
Class B	(1,428)
Class C	(1,179)
Class R3	(559)
Class R4	(610)
Class R5	(881)
Class 1	(6,589,012)
	(6,601,281)
From Fund share transactions	993,559,243
Net assets
End of period	$1,022,124,710
Accumulated net investment income	$15,295
a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on
10-18-05 and Class 1 shares began operation on 10-15-05. Unaudited.

See notes to
financial statements.

13

F I N A N C I A L   H I G H L I G H T S

FINANCIAL
HIGHLIGHTS

CLASS A SHARES

The Financial Highlights show how the Fund’s net asset value for a
share has changed since the commencement of operations of the Fund.

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.16
Net investment incomeh	0.05
Net realized and unrealized
gain on investments	0.41
Total from
investment operations	0.46
Less distributions
From net investment income	(0.08)
	(0.08)
Net asset value, end of period	$13.54
Total returnk,l (%)	3.52m
Ratios and supplemental data
Net assets, end of period
(in millions)	$4
Ratio of net expenses
to average net assetsq (%)	0.62r
Ratio of gross expenses
to average net assetsp,q (%)	3.26r
Ratio of net investment income
to average net assetsv (%)	0.96r
Portfolio turnover (%)	3m

See notes to
financial statements.

14

F I N A N C I A L   H I G H L I G H T S

CLASS B SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.16
Net investment incomeh	0.01
Net realized and unrealized
gain on investments	0.42
Total from
investment operations	0.43
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$13.53
Total returnk,l (%)	3.28m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1
Ratio of net expenses
to average net assetsq (%)	1.35r
Ratio of gross expenses
to average net assetsp,q (%)	7.60r
Ratio of net investment income
to average net assetsv (%)	0.18r
Portfolio turnover (%)	3m

See notes to
financial statements.

15

F I N A N C I A L   H I G H L I G H T S
CLASS C SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.16
Net investment lossh	(0.01)
Net realized and unrealized
gain on investments	0.43
Total from
investment operations	0.42
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$13.52
Total returnk,l (%)	3.21m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1
Ratio of net expenses
to average net assetsq (%)	1.32r
Ratio of gross expenses
to average net assetsp,q (%)	6.23r
Ratio of net investment loss
to average net assetsv (%)	(0.26)r
Portfolio turnover (%)	3m

See notes to
financial statements.

16

F I N A N C I A L   H I G H L I G H T S

CLASS R3 SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.16
Net investment incomeh	0.06
Net realized and unrealized
gain on investments	0.38
Total from
investment operations	0.44
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$13.53
Total returnk,l (%)	3.38m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.73r
Ratio of gross expenses
to average net assetsp,q (%)	18.18r
Ratio of net investment income
to average net assetsv (%)	1.24r
Portfolio turnover (%)	3m

See notes to
financial statements.

17

F I N A N C I A L   H I G H L I G H T S

CLASS R4 SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.16
Net investment incomeh	0.07
Net realized and unrealized
gain on investments	0.39
Total from
investment operations	0.46
Less distributions
From net investment income	(0.08)
	(0.08)
Net asset value, end of period	$13.54
Total returnk,l (%)	3.51m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.48r
Ratio of gross expenses
to average net assetsp,q (%)	17.90r
Ratio of net investment income
to average net assetsv (%)	1.48r
Portfolio turnover (%)	3m

See notes to
financial statements.

18

F I N A N C I A L   H I G H L I G H T S

CLASS R5 SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.16
Net investment incomeh	0.05
Net realized and unrealized
gain on investments	0.42
Total from
investment operations	0.47
Less distributions
From net investment income	(0.09)
	(0.09)
Net asset value, end of period	$13.54
Total returnk,l (%)	3.56m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.23r
Ratio of gross expenses
to average net assetsp,q (%)	11.59r
Ratio of net investment income
to average net assetsv (%)	1.10r
Portfolio turnover (%)	3m

See notes to
financial statements.

19

F I N A N C I A L   H I G H L I G H T S

CLASS 1 SHARES
Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.15
Net investment incomeh	0.10
Net realized and unrealized
gain on investments	0.38
Total from
investment operations	0.48
Less distributions
From net investment income	(0.09)
	(0.09)
Net asset value, end of period	$13.54
Total returnk (%)	3.66m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1,015
Ratio of net expenses
to average net assetsq (%)	0.12r
Ratio of net investment income
to average net assetsv (%)	1.98r
Portfolio turnover (%)	3m

a  Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1
shares began operation on 10-15-05. Unaudited.

h  Based on the average of the shares outstanding.

i  Less than $500,000.

k  Assumes dividend reinvestment and does not reflect the effect of sales charges.

l  Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.

p  Does not take into consideration expense reductions during the period shown.

q  Does not include expenses of the investment companies in which the Fund invests.

r  Annualized.

v  Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by
the underlying investment companies in which the Fund invests.

See notes to
financial statements.

20

NOTES TO
STATEMENTS

Unaudited

I. Organization

The John Hancock Lifestyle Conservative Portfolio (the “Fund”) is a non-diversified series of John Hancock Funds II (the “Trust”), an open-end management investment company registered under the Investment Company Act of 1940, as amended.

The Fund operates as a “fund of funds”, which invests in shares of mutual funds (“underlying funds”) managed by affiliates of John Hancock Investment Management Services, LLC (the “Adviser”). The Adviser is a wholly owned subsidiary of Manulife Financial Corporation (“MFC”). Each underlying fund’s accounting policies are outlined in the underlying fund’s shareholder report, available without charge by calling 1-800-344-1029 or on the Securities and Exchange Commission (“SEC”) Internet site at www.sec.gov, File # 811-21779, CIK 0001331971.

The Trustees have authorized the issuance of multiple classes of shares of the Fund, including classes designated as Class A, Class B, Class C, Class R3, Class R4, Class R5, and Class 1 shares. The shares of each class represent an interest in the same portfolio of investments of the Fund, and have equal rights as to voting, redemptions, dividends and liquidation, except that certain expenses, subject to the approval of the Trustees, may be applied differently to each class of shares in accordance with current regulations of the Securities and Exchange Commission and the Internal Revenue Service. Shareholders of a class that bears distribution and service expenses under the terms of a distribution plan have exclusive voting rights to that distribution plan.

At February 28, 2006 John Hancock USA, an indirect subsidiary of MFC, owned 7,605 Class B, Class C, Class R3, Class R4 and Class R5 shares of beneficial interest of the Fund.

II. Significant
accounting policies

In the preparation of the financial statements, the Fund follows the policies described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Securities valuation

The net asset value of the shares of the Fund is determined daily as of the close of the New York Stock Exchange, normally at 4:00 P.M. Eastern Time. Investments in underlying funds are valued at their respective net asset values each business day, or at fair value as determined in good faith in accordance with procedures

21

approved by the Trustees. Securities in the underlying funds’ portfolios are valued in accordance with their respective valuation polices, as outlined in the underlying funds’ financial statements. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost.

Repurchase agreements

The Fund may enter into repurchase agreements. When a Fund enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. The Fund will take constructive receipt of all securities underlying the repurchase agreements it has entered into until such agreements expire. If the seller defaults, a Fund would suffer a loss to the extent that proceeds from the sale of underlying securities were less than the repurchase amount. The Fund may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be creditworthy by the Adviser. Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty.

Security transactions and related investment income

Investment security transactions are accounted for on a trade date basis. Interest income is accrued as earned. Dividend income on investment securities is recorded on the ex-dividend date.

Multi-class operations

All income, expenses (except for class-specific expenses) and realized and unrealized gains (losses) are allocated to each class of shares based upon the relative net assets of each class. Dividends to shareholders from net investment income are determined at a class level and distributions from capital gains are determined at a Fund level.

Expense allocation

Expenses not directly attributable to a particular Fund or class of shares are allocated based on the relative share of net assets of the Fund at the time the expense was incurred. Class-specific expenses, such as transfer agency fees, blue sky fees, printing and postage fees and distribution and service fees, are accrued daily and charged directly to the respective share classes. Expenses in the Fund’s Statements of Operations reflect the expenses of the Fund and do not include any indirect expenses related to the underlying funds. Because the underlying funds have varied expense levels and the Fund may own different proportions of the underlying funds at different times, the amount of fees and expenses incurred indirectly by the Fund will vary.

Federal income taxes

The Fund qualifies as a “regulated investment company” by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Distribution of income and gains

The Fund records distributions to shareholders from net investment income and net realized gains, if any, on the ex-dividend date. Distributions paid by the Fund with respect to each class of shares are calculated in the same manner, at the same time and are in the same amount, except for the effect of expenses that may be applied differently to each class. Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from accounting principles generally accepted in the United States of America. Distributions in excess of tax basis earnings and profits, if any, are reported in the Fund’s financial statements as a return of capital.

Capital accounts

The Fund reports the undistributed net investment income and accumulated

22

undistributed net realized gain (loss) accounts on a basis approximating amounts available for future tax distributions (or to offset future taxable realized gains when a capital loss carryforward is available). Accordingly, the Fund may periodically make reclassifications among certain capital accounts, without affecting its net asset value.

III. Investment advisory and other agreements

Advisory Fees

The Trust has entered into an Investment Advisory Agreement with the Adviser. The Adviser is responsible for managing the corporate and business affairs of the Trust and for selecting and compensating subadvisers to handle the investment and reinvestment of the assets of the Fund, subject to the supervision of the Board of Trustees. Under the Advisory Agreement the Fund pays a monthly management fee to the Adviser equivalent, on an annual basis, to the sum of: (a) 0.05% of the first $7,500,000,000 of the Fund’s aggregate daily net assets and (b) 0.04% of the Fund’s aggregate daily net assets in excess of $7,500,000,000. Aggregate net assets include the net assets of the five Lifestyle Portfolios of the Trust (the Lifestyle Aggressive, the Lifestyle Balanced, the Lifestyle Conservative, the Lifestyle Growth and the Lifestyle Moderate) and the five Lifestyle Portfolios of John Hancock Trust (the Lifestyle Aggressive 1000, the Lifestyle Growth 820, the Lifestyle Balanced 640, the Lifestyle Moderate 460 and the Lifestyle Conservative 280). The Fund is not responsible for payment of the subadvisory fees.

Expense reimbursements

The Adviser has contractually agreed to waive advisory fees or reimburse Fund’s expenses for Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares to the extent that blue sky fees and printing and postage expenses attributable to each class exceed 0.09% of the average annual net assets attributable to the classes, at least until November 1, 2006. Accordingly, the expense reductions related to this expense limitation amounted to $14,716, $8,012, $8,320, $6,501, $6,501 and $6,964 for Class A, Class B, Class C, Class R3, Class R4 and Class R5, respectively, for the period ended February 28, 2006. The Adviser reserves the right to terminate this limitation in the future.

Administration fees

The Fund has an agreement with the Adviser that requires the Fund to reimburse the Adviser for all expenses associated with providing the administrative, financial, accounting and recordkeeping services of the Fund, including the preparation of all tax returns, annual, semiannual and periodic reports to shareholders and the preparation of all regulatory reports.

Distribution plans

The Trust has a Distribution Agreement with John Hancock Funds, LLC (“JH Funds”), a wholly-owned subsidiary of the Adviser. The Fund has adopted Distribution Plans with respect to Class A, Class B, Class C, Class R3, Class R4 and Class 1, pursuant to Rule 12b-1 under the Investment Company Act of 1940, to reimburse JH Funds for the services it provides as distributor of shares of the Fund. Accordingly, the Fund makes monthly payments to JH Funds at an annual rate not to exceed 0.30%, 1.00%, 1.00%, 0.50%, 0.25%, and 0.05% of average daily net asset value of Class A, Class B, Class C, Class R3, Class R4 and Class 1, respectively. A maximum of 0.25% of such payments may be service fees, as defined by the Conduct Rules of the National Association of Securities Dealers. Under the Conduct Rules, curtailment of a portion of the Fund’s 12b-1 payments could occur under certain circumstances.

The Fund has also adopted a Service Plan with respect to Class R3, Class R4 and Class R5 shares (the “Service Plan”). Under the Service Plan, the Fund pays up to 0.15%, 0.10% and 0.05% of average daily net assets of Class R3, Class R4 and

23

Class R5 shares, respectively, for certain other services. There were no servicing fees during the period ended February 28, 2006.

Sales charges

Class A shares are assessed up-front sales charges. During the period ended February 28, 2006, JH Funds received net up-front sales charges of $33,671 with regard to sales of Class A shares. Of this amount, $5,758 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $27,913 was paid as sales commissions to unrelated broker-dealers and none was paid as sales commissions to sales personnel of Signator Investors, Inc. (“Signator Investors”), a related broker-dealer, an indirect subsidiary of MFC.

Class B shares that are redeemed within six years of purchase are subject to a contingent deferred sales charge (“CDSC”) at declining rates, beginning at 5.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Class C shares that are redeemed within one year of purchase are subject to a CDSC at a rate of 1.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from the CDSCs are paid to JH Funds and are used, in whole or in part, to defray its expenses for providing distribution-related services to the Fund in connection with the sale of Class B and Class C shares. During the period ended February 28, 2006, JH Funds received no CDSCs with regard to Class B and Class C shares.

Transfer agent fees

The Fund has a Transfer Agency Agreement with John Hancock Signature Services, Inc. (“Signature Services”), an indirect subsidiary of MFC. For Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares, the Fund pays a monthly transfer agent fee at an annual rate of 0.05% of each class’s average daily net assets, plus a fee based on the number of shareholder accounts and reimbursement for certain out-of-pocket expenses. Expenses not directly attributable to a particular class of shares are aggregated and allocated to each class on the basis of its relative net asset value.

Signature Services has agreed to limit the transfer agent fees so that such fees do not exceed 0.20% annually of Class A, Class B, Class C, Class R3, Class R4 and Class R5 share average daily net assets. This agreement is effective until December 31, 2006. Signature Services reserves the right to terminate this limitation in the future. In addition, Signature Service has voluntarily agreed to further limit transfer agent fees for Class R3, Class R4 and Class R5 shares so that such fees do not exceed 0.05% annually of each class’s average daily net assets. Accordingly, the transfer agent fees reductions amounted to $66, $66 and $96 for Class R3, Class R4 and Class R5 shares, respectively, during the period ended February 28, 2006. Signature Services reserves the right to terminate this limitation at any time.

24

Expenses under the agreements described above for the period ended February 28, 2006,
were as follows:
	Distribution	Transfer		Printing and
Share Class	fees	agent	Blue sky	postage
Class A	$1,673	$840	$5,514	$9,756
Class B	1,278	226	5,514	2,626
Class C	1,691	257	5,514	2,968
Class R3	185	88	5,514	1,023
Class R4	93	88	5,514	1,024
Class R5	N/A	128	5,514	1,513
Class 1	167,132	—	—	842
Total	$172,052	$1,627	$33,084	$19,752

Trustees’ fees

The Trust compensates each Trustee who is not an employee of the Adviser or its affiliates. Total Trustees’ expenses are allocated based on each fund’s average daily net asset value.

IV. Guarantees and indemnifications

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

25

V. Capital shares

Share activities for the Fund for the period ended February 28, 2006 were as follows:

	Period ended 2-28-06a
	Shares	Amount
Class A shares
Sold	316,474	$4,244,663
Distributions reinvested	447	5,951
Repurchased	(11,205)	(150,902)
Net increase	305,716	$4,099,712
Class B shares
Sold	70,626	$946,714
Distributions reinvested	61	813
Repurchased	(101)	(1,363)
Net increase	70,586	$946,164
Class C shares
Sold	103,089	$1,383,102
Distributions reinvested	38	509
Net increase	103,127	$1,383,611
Class R3 shares
Sold	7,601	$100,033
Net increase	7,601	$100,033
Class R4 shares
Sold	7,771	$102,335
Net increase	7,771	$102,335
Class R5 shares
Sold	17,149	$227,303
Distributions reinvested	17	220
Repurchased	(91)	(1,214)
Net increase	17,075	$226,309
Class 1 shares
Sold	76,466,007	$1,006,365,462
Distributions reinvested	495,787	6,589,012
Repurchased	(1,967,580)	(26,253,395)
Net increase	74,994,214	$986,701,079
Net increase	75,506,090	$993,559,243
a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1
shares began operation on 10-15-05, respectively.

26

VI. Investment transactions

Purchases and proceeds from sales or maturities of securities, other than short-term securities and obligations of the U.S. government, during the period ended February 28, 2006, aggregated $1,020,872,798 and $27,076,764, respectively.

The cost of investment owned on February 28, 2006, including short-term investments, for federal income tax purposes, was $994,509,853. Gross unrealized appreciation and depreciation of investments aggregated $28,288,811 and $575,824, respectively, resulting in net unrealized appreciation of $27,712,987. The difference between book basis and tax basis net unrealized appreciation of investments is attributable primarily to the tax deferral of losses on certain sales of securities.

VII. Investment in affiliated underlying funds

The Fund invests primarily in the underlying funds that are managed by affiliates of the Adviser. The Fund does not invest in the underlying funds for the purpose of exercising management or control.

A summary of the Fund’s transactions in the securities of affiliated issuers in which the Fund’s holdings represent 5% or more of the outstanding voting securities of the issuer, during the period ended February 28, 2006 is set forth below.

Affiliate —	Shares	Shares	Ending	Share	Ending
Class NAV	Purchased	Sold	Amount	Proceeds	Value
Active Bond	10,672,833	100,089	10,572,744	$101,419,894	$102,238,435
Blue Chip Growth	1,205,409	75,650	1,129,759	18,859,655	20,426,042
Core Bond	1,627,571	5,412	1,622,159	20,256,318	20,390,543
Equity-Income	1,227,535	53,769	1,173,766	18,883,935	20,423,523
Fundamental Value	1,380,181	47,759	1,332,422	19,303,749	20,386,054
Global Bond	5,802,792	73,784	5,729,008	82,689,689	82,096,685
High Yield	7,037,847	148,243	6,889,604	69,470,846	71,514,086
International Stock	1,715,414	165,183	1,550,231	18,243,244	20,478,549
International Value	1,987,545	131,339	1,856,206	27,603,782	30,608,836
Investment
Quality Bond	4,347,846	50,860	4,296,986	50,769,094	51,091,161
Real Estate Securities	2,172,441	264,596	1,907,845	44,379,048	51,053,924
Real Return Bond	3,087,109	40,332	3,046,777	40,737,775	40,887,746
Spectrum Income	9,041,559	71,636	8,969,923	89,753,792	91,941,706
Strategic Bond	6,034,726	76,321	5,958,405	70,476,037	71,500,857
Total Return	12,048,269	161,954	11,886,315	162,042,679	163,674,552
U.S. Government
Securities	8,398,013	126,670	8,271,343	111,577,484	112,490,265
U.S. High Yield Bond	782,329	398	781,931	9,995,076	10,235,482
U.S. Multi Sector	1,997,150	80,031	1,917,119	19,175,891	20,398,143
Value & Restructuring	2,008,215	184,758	1,823,457	18,158,048	20,386,251

27

Evaluation of Advisory and Subadvisory Agreement by the Board of Trustees (unaudited)

This section describes the evaluation by the Board of Trustees of the Advisory Agreement and each of the Subadvisory Agreements.

Evaluation by the Board of Trustees

The Board, including the Independent Trustees, is responsible for selecting the Trust’s investment adviser, John Hancock Investment Management Services, LLC (the “Adviser” or “JHIMS”), approving the Adviser’s selection of subadvisers for each series of the Trust (the “Funds”) and approving the Trust’s advisory and subadvisory agreements, their periodic continuation and any amendments. Consistent with SEC rules, the Board will regularly evaluate the Trust’s advisory and subadvisory arrangements, including consideration of the six factors listed below. The Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. The Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, the Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel. The six factors to be regularly considered by the Board are:

1. the nature, extent and quality of the services to be provided by the Adviser to the Trust and by the subadvisers to the Funds;

2. the investment performance of the Funds and their subadvisers;

3. the extent to which economies of scale would be realized as a Fund grows;

4. whether fee levels reflect these economies of scale for the benefit of Trust shareholders;

5. the costs of the services to be provided and the profits to be realized by the Adviser and its affiliates from the Adviser’s relationship with the Trust; and

6. comparative services rendered and comparative advisory and subadvisory fee rates.

The Board believes that information relating to all six factors is relevant to its evaluation of the Trust’s advisory agreement. With respect to its evaluation of subadvisory agreements, the Board believes that, in view of the Trust’s “manager-of-managers” advisory structure: factors (1), (2) and (6) are of primary relevance; factors (3) and (4) generally are less significant to the Trustees’ considerations because subad-visory fees are paid to subadvisers by the Adviser and not directly by the Funds, and issues pertaining to economies of scale are considered in connection with the approval of the advisory fees that are paid directly by the Funds; and with respect to those subadvisers that are not affiliated with the Adviser, because the Board relies on the ability of the Adviser to negotiate the subadvisory fees at arms-length, factor (5) generally is also less significant to the Trustees’ considerations except in those circumstances in which such attention may be warranted because the comparative fee information considered in connection with factor (6) indicates that the subadvisory fees will materially exceed those normally charged under comparable circumstances.

28

In evaluating subadvisory arrangements, the Board also considers other material business relationships that unaffiliated subadvisers and their affili-ates have with the Adviser or its affiliates, including the involvement by certain affiliates of certain subadvisers in the distribution of financial products, including shares of the Trust, offered by the Adviser and other affiliates of the Adviser (“Material Relationships”).

Approval of Advisory Agreement

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Advisory Agreement between the Trust and JHIMS with respect to each of the Funds.

In approving the Advisory Agreement, and with reference to the six factors that it considers, the Board:

1(a) considered the high value to the Trust of JHIMS’s long relationship with investment companies within the same fund complex as the Trust, the skills and competency which JHIMS has demonstrated in managing the affairs and subadvisory relationships of these other investment companies, JHIMS’s ability to oversee and monitor the subadvis-ers’ investment performance and compliance programs and the qualifications of JHIMS’ personnel,

(b) considered JHIMS’s compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments, and

(c) considered JHIMS’s administrative capabilities, including its ability to supervise the other service providers for the Funds and concluded that JHIMS may reasonably be expected to ably perform its services under the Advisory Agreement;

2 reviewed the investment performance of comparably managed funds of each of the Funds; the comparative performance of their respective benchmarks and comparable funds (i.e., funds having approximately the same investment objective); and JHIMS’ analysis of such performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds; and concluded that each of the comparably managed funds has generally performed well or within a range that the Board deemed competitive except as discussed in Appendix A, and that JHIMS may reasonably be expected to ably monitor the performance of the Funds and each of their subadvisers;

3 & 4 reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded (a) that to the extent that Funds have subad-visory fees with breakpoints, those breakpoints are reflected as breakpoints in the advisory fees for Funds, (b) that all Funds with a subadviser that is not affiliated with the Adviser have subadvisory fees which are the product of arms-length negotiations between the Adviser and the subadviser and which in many, but not all, cases contain breakpoints, and (c) that, although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow;

5 (a) reviewed the financial statements of JHIMS and John Hancock Life Insurance Company (U.S.A.) (“JHLICO (U.S.A.)”) and considered an analysis presented by JHIMS

29

regarding the estimated net profitability to JHIMS of the advisory fee structure;

(b) reviewed the profitability of the JHIMS’ relationship with the Funds in terms of the total amount of annual advisory fees it is estimated to receive with respect to the Funds and whether JHIMS has the financial ability to provide a high level of services to the Funds,

(c) considered that JHIMS will derive reputational and other indirect benefits from providing advisory services to the Funds, and

(d) noted that JHIMS will pay the sub-advisory fees out of the advisory fees JHIMS receives from the Funds and concluded that the advisory fees to be paid by the Trust with respect to the Funds are not unreasonable in light of such information; and

6 reviewed comparative information with respect to the proposed advisory fee rates and concluded that the Trust’s anticipated advisory fees are within the range of those incurred by other comparable funds and that the Trust’s advisory structure is thus competitive within the industry. In considering the proposed advisory fee rates, the Board took into account the high level of services expected to be provided to the Funds and the other factors considered.

Additional information that the Board considered for a particular Fund is set forth in Appendix A.

Approval of Subadvisory Agreements

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Subadvisory Agreements.

In making its determination with reference to these respective factors, the Board reviewed:

1 information relating to each subad-viser’s business, which may include information such as: business performance, representative clients, assets under management, financial stability, personnel and, if applicable, past sub-advisory services to affiliated funds of the Trust;

2 the investment performance of comparatively managed funds of the Fund and comparative performance information relating to the comparatively managed fund’s benchmark and comparable funds;

3 the proposed subadvisory fee for each Fund and comparative fee information; and

4 information relating to the nature and scope of Material Relationships and their significance to the Trust’s adviser and unaffiliated subadvisers.

The Board’s decision to approve each Subadvisory Agreement was based on a number of determinations, including the following:

1 The Subadviser has extensive experience and demonstrated skills as a manager;

2 Although not without variation, the current and historical performance of the comparably managed funds of Subadviser to the Funds generally has been within the range of the current and historical performance of comparable funds and the comparably managed funds’ respective benchmarks;

3 With respect to each subadviser that is not affiliated with the Adviser, the subadvisory fees are a product of arms-length negotiation between the

30

Adviser and the subadviser and generally are within the range of industry norms; and

4 The Material Relationships consist of arrangements in which unaffiliated subadvisers or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s adviser or its affiliates, which may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans, and which in no case contained elements that would cause the Board to conclude that approval of the subadvisory agreement with the subadviser would be inappropriate.

Additional information that the Board considered for a particular fund is set forth below.

	Performance of
	Comparable Funds	Estimated Fees
Fund	as of June 30, 2005	and Expenses
Lifestyle Conservative	Performance of the	Advisory fees for this Fund
	Lifestyle Conservative	are lower than its peer
(MFC Global	280 Trust of JHT has	group median.
Investment	outperformed its
Management	benchmark index over	Total expenses for this
(U.S.A.) Limited	the one, three and five	Fund are higher than its
	year periods.	peer group median.

31

OUR FAMILY
OF FUNDS

Equity	Balanced Fund
	Classic Value Fund
	Core Equity Fund
	Focused Equity Fund
	Growth Trends Fund
	Large Cap Equity Fund
	Large Cap Select Fund
	Mid Cap Equity Fund
	Mid Cap Growth Fund
	Multi Cap Growth Fund
	Small Cap Fund
	Small Cap Equity Fund
	Small Cap Intrinsic Value Fund
	Sovereign Investors Fund
	U.S. Global Leaders Growth Fund
Asset Allocation and	Allocation Growth + Value Portfolio
Lifestyle Portfolios	Allocation Core Portfolio
	Lifestyle Aggressive Portfolio
	Lifestyle Growth Portfolio
	Lifestyle Balanced Portfolio
	Lifestyle Moderate Portfolio
	Lifestyle Conservative Portfolio
Sector	Financial Industries Fund
	Health Sciences Fund
	Real Estate Fund
	Regional Bank Fund
	Technology Fund
	Technology Leaders Fund
International	Greater China Opportunities Fund
	International Fund
	International Classic Value Fund
Income	Bond Fund
	Government Income Fund
	High Yield Fund
	Investment Grade Bond Fund
	Strategic Income Fund
Tax-Free Income	California Tax-Free Income Fund
	High Yield Municipal Bond Fund
	Massachusetts Tax-Free Income Fund
	New York Tax-Free Income Fund
	Tax-Free Bond Fund
Money Market	Money Market Fund
	U.S. Government Cash Reserve

For more complete information on any John Hancock Fund and a prospectus, which includes charges and expenses, call your financial professional, or John Hancock Funds at 1-800-225-5291. Please read the prospectus carefully before investing or sending money.

32

For more information

The Portfolio’s proxy voting policies, procedures and records are available without charge, upon request:

By phone	On the Fund’s Web site	On the SEC’s Web site
1-800-225-5291	www.jhfunds.com/proxy	www.sec.gov
Trustees	Gordon M. Shone	Principal distributor
James M. Oates, Chairman*	Vice President and Treasurer	John Hancock Funds, LLC
Charles L. Bardelis *	Betsy A. Seel	601 Congress Street
James R. Boyle†	Assistant Vice President,	Boston, MA 02210-2805
Peter S. Burgess *	Secretary and
Elizabeth G. Cook	Chief Legal Officer	Custodian
William H. Cunningham	George Boyd	State Street Bank & Trust Co.
Charles L. Ladner *	Senior Counsel, Assistant	225 Franklin Street
Hassell H. McClellan	Vice President and	Boston, MA 02110
*Members of the Audit Committee	Assistant Secretary
†Non-Independent Trustee	Francis V. Knox, Jr.	Transfer agent
	Vice President and Chief	John Hancock Signature
Officers	Compliance Officer	Services, Inc.
Keith F. Hartstein		1 John Hancock Way,
President	Investment adviser	Suite 1000
John G. Vrysen	John Hancock Investment	Boston, MA 02217-1000
Executive Vice President and	Management Services, LLC
Chief Financial Officer	601 Congress Street	Legal counsel
	Boston, MA 02210-2805	Kirkpatrick & Lockhart
		Nicholson Graham LLP
		1 Lincoln Street
		Boston, MA 02111

The Portfolio’s investment objective, risks, charges and expenses are included in the prospectus and should be considered carefully before investing. For a prospectus, call your financial professional, call John Hancock Funds at 1-800-225-5291, or visit the Portfolio’s Web site at www.jhfunds.com. Please read the prospectus carefully before investing or sending money.

How to contact us
Internet	www.jhfunds.com
Mail	Regular mail:	Express mail:
	John Hancock	John Hancock
	Signature Services, Inc.	Signature Services, Inc.
	1 John Hancock Way, Suite 1000	Mutual Fund Image Operations
	Boston, MA 02217-1000	380 Stuart Street
		Boston, MA 02116
Phone	Customer service representatives	1-800-225-5291
	24-hour automated information	1-800-338-8080
	TDD line	1-800-554-6713

A listing of month-end portfolio holdings is available on our Web site, www.jhfunds.com. A more detailed portfolio holdings summary is available on a quarterly basis 60 days after the fiscal quarter on our Web site or upon request by calling 1-800-225-5291, or on the Securities and Exchange Commission’s Web site, www.sec.gov.

33

Table of contents 

Your fund at a glance 

page 1 

Managers’ report 

page 2 

A look at performance 

page 6 

Growth of $10,000 

page 7 

Your expenses 

page 8 

Fund’s investments 

page 10 

Financial statements 

page 12 

For more information 

page 37 

To Our Shareholders,

After producing modest returns in 2005, the stock market started off strong in the first two months of 2006. The major indexes all advanced and produced two-month returns that were already half as much as the market’s returns for all of 2005. For example, the Standard & Poor’s 500 Index returned 2.93% through February 2006, versus 4.91% last year in total. Investors were encouraged by solid corporate earnings, a slower-growing economy and stable inflation, which suggested the Federal Reserve could be coming close to the end of their 18-month campaign of rising interest rates.

Although a solid yearly beginning has typically augured well for the rest of the year, it is anyone’s guess where the market will end 2006, especially given the wild cards of interest rate moves and record-high energy prices and their impact on corporate profits and the economy.

One thing we do know, however, is that the stock market’s pattern is one of extremes. Consider the last 10 years. From 1995 through 1999, we saw double-digit returns in excess of 20% per year, only to have 2000 through 2002 produce ever-increasing negative results, followed by another 20%-plus up year in 2004 and a less than 5% advance in 2005. Since 1926, the market, as measured by the Standard & Poor’s 500 Index, has produced average annual results of 10.4% . However, that “normal” return is rarely produced in any given year. In fact, calendar-year returns of 8% to 12% have occurred only five times in the 80 years since 1926.

Although the past in no way predicts the future, we have learned at least one lesson from history: Expect highs and lows in the short term, but always invest for the long term. Equally important: Work with your financial professional to maintain a diversified portfolio, spread out among not only different asset classes — stocks, bonds and cash — but also among various investment styles. It’s the best way we know of to benefit from, and weather, the market’s extremes.

Sincerely,

Keith F. Hartstein,
President and Chief Executive Officer

This commentary reflects the CEO’s views as of February 28, 2006. They are subject to change at any time.

YOUR FUND
AT A GLANCE

The Portfolio seeks
long-term growth
of capital. Current
income is also a
consideration. To
pursue this goal,
the Portfolio, which
is a fund of funds,
normally invests
approximately
20% of its assets
in underlying
funds which invest
primarily in fixed-
income securities
and approximately
80% of its assets in
underlying funds
which invest
primarily in equity
securities.

Since inception^a

 * Equities performed quite well during the reporting period, while most U.S. fixed income segments were only modestly positive.

 * All but one of the underlying funds produced positive results and the Lifestyle Growth Portfolio outperformed the index.

 * The equity portion of the Portfolio benefited most from allocations to funds that invest in small- and mid-cap stocks as well as funds that invest in non-U.S. equities, while the fixed-income portion benefited most from funds that invest in high yield bonds.

Total returns for the Portfolio are at net asset value with all distributions reinvested. These returns do not reflect the deduction of the maximum sales charge, which would reduce the performance shown above.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 began operations on 10-18-05 and Class 1 began operation on 10-15-05.

Asset Allocation
Equity	% of Total	Fixed Income	% of Total
U.S. Large Cap	39.00	High Yield Bond	7.00
International	16.00	Intermediate Term Bond	4.00
U.S. Mid Cap	8.00	Multi-Sector Bond	4.00
U.S. Small Cap	7.00	Treasury Inflation
International Small Cap	4.00	Protected Securities	3.00
Natural Resources	4.00	Global Bond	2.00
Real Estate	2.00

As a percentage of the Portfolio’s net assets on February 28, 2006.

1

FROM THE MANAGEMENT TEAM OF MFC GLOBAL INVESTMENT MANAGEMENT

MANAGERS’
REPORT

JOHN HANCOCK
Lifestyle
Growth Portfolio

For the reporting period of October 18, 2005 through February 28, 2006, all major equity indexes posted positive results, while bonds advanced modestly. The dominant influence of energy on the economy and on business profitability kept equity and oil prices locked in contrary motion: Equities fell in December and January as oil prices firmed, and rallied in October, November and February as oil prices declined. Oil price volatility has not diminished the underlying support that equities have received from strong corporate earnings and solid economic growth.

U.S. small-cap stocks were the best performers over the reporting period followed by mid-cap stocks. Large-cap stocks continued to trail, which is consistent with the last two years of unremarkable performance. Small- and mid-cap growth stocks beat their value counterparts while value stocks outperformed in the large-cap area. International stocks produced strong results during this period, outperforming U.S. equities by approximately 6%. This performance was bolstered by strong results in Japan and Germany.

“For the reporting period of
October 18, 2005 through
February 28, 2006, all major
equity indexes posted positive
results, while bonds advanced
modestly.”

While equities performed quite well during the reporting period, most U.S. fixed-income segments were only modestly positive. One exception came from high yield issues, which significantly outperformed other fixed-income areas as investors searched for yield. In terms of non-U.S. fixed income, hedged strategies outperformed unhedged portfolios due to the strengthening of the U.S. dollar against most currencies, namely the Euro, Yen and Sterling.

Performance results

From inception October 18, 2005 (for Class I inception is October 15, 2005) through February 28, 2006, John Hancock Lifestyle Growth Portfolio’s Class A, Class B, Class C, Class R3,

2

Class R4, Class R5 and Class I shares posted total returns of 9.12%, 8.89%, 8.89%, 9.00%, 9.13%, 9.19% and 9.22%, respectively, at net asset value. That compared with the 7.01% return of the Portfolio’s benchmark index — a 80/20 blend of the Standard & Poor’s 500 Index and the Lehman Brothers Aggregate Bond Index.

Performance explanation

This Portfolio outperformed its benchmark since inception. Both the equity and fixed-income components of the Portfolio contributed to the positive outcome. Performance of the equity portion was aided by non-traditional asset classes such as natural resources, international small-cap stocks and Real Estate Investment Trusts (REITs). Resilient oil prices and strengthening industrial and precious metals lifted the Wellington-managed Natural Resources Fund (+16.04%) to a strong gain in the period. Real Estate Securities (+17.27%, Deutsche Asset Management) also delivered excellent gains as REITs continued to outperform the S&P 500 for the sixth straight year. Though volatile as individual portfolios, International Small Cap Fund (+10.92%, Templeton), Natural Resources Fund, and Real Estate Securities Fund provided excellent returns. The risks inherent in these asset classes, which have small allocations in Lifestyle Growth Portfolio, are diffused by the portfolio’s broad diversification.

“Both the equity and fixed-income
components of the Portfolio
contributed to the positive
outcome.”

Allocations to traditional equity asset classes also added value, particularly the exposure to non-U.S. funds and small- and mid-cap funds. International Opportunities Fund (+19.39%, Marsico), a growth-oriented fund, led the way on the non-U.S. side. In the mid- and small-cap portion of the Portfolio, Mid-Cap Stock Fund (+18.17%, Wellington) and Small Company Value Fund (+14.91%, T. Rowe Price) were top performers.

In the U.S. large-cap portion of the portfolio, U.S. Multi-Sector Fund (GMO) was the main detractor from performance. This was due in large part to the fund’s positioning in higher-quality names. The fund’s management team continues to believe that low-quality stocks are extremely overvalued and that high-quality equities represent the best opportunity within the U.S.

3

The best relative results in the fixed-income portion of the Portfolio were generated by high yield funds. Although spreads have become historically tight in relation to other fixed-income options, investors have continued to flock to high yield bonds in an effort to capture any incremental yield over traditional fixed-income asset classes. Allocations to multi-sector bond funds also added value. These funds are designed to outperform the broad fixed-income market with a similar amount of risk by allocating across a wide range of sectors, including emerging-market debt, high yield and non-U.S. sovereign debt. Over the current reporting period, Spectrum Income Fund (+3.19%, T. Rowe Price) benefited from allocations to high yield and emerging-market debt.

The main detractor from performance within fixed income was Global Bond Fund (-0.71%, PIMCO). Because the strategy does not hedge the underlying currency of its foreign bond holdings, the rallying U.S dollar hurt performance. While global bonds detracted from results during this period, allocations to non-traditional fixed-income asset classes such as global bonds and TIPS help to diversify Lifestyle Growth Portfolio over the long term.

“We believe that the long-awaited
shift in favor of higher quality
stocks will occur sooner
rather than later, and we are
well positioned.”

Positioning and outlook

Lifestyle Growth Portfolio is well diversified across a wide range of asset classes and investment styles, including non-traditional asset classes. The Portfolio has a 20% weighting in non-US equity funds, including a 4% position dedicated to non-US small cap. Other

4

notable equity allocations include a 4% position in the Natural Resources Fund (Wellington) and a 2% position in Real Estate Securities Fund (Deutsche Asset Management). On the fixed-income front, the Portfolio has a meaningful stake (7%) in high yield funds, a 2% position in Global Bond Fund (PIMCO) and a 3% position in Real Return Fund (PIMCO). No major changes were made during this short time period outside of the regular rebalancing process.

We believe that the long-awaited shift in favor of higher-quality stocks will occur sooner rather than later, and we are well positioned for this impending change within our large-cap allocations. We remain vigilant in our evaluation of the areas that have experienced excellent relative and absolute gains recently, including real estate, natural resources, high yield and small- and mid-cap stocks. In our view, valuations in these areas are not as attractive as they were three years ago (for example, high yield spreads over treasuries have tightened significantly and cash-flow multiples for REIT securities have been higher than historical averages). In many cases, however, the fundamentals remain strong. As always, we will make adjustments to further enhance the risk-reward profile of the Portfolio as opportunities arise.

This commentary reflects the views of the portfolio managers through the end of the Portfolio’s period discussed in this report. The managers’ statements reflect their own opinions. As such, they are in no way guarantees of future events and are not intended to be used as investment advice or a recommendation regarding any specific security. They are also subject to change at any time as market and other conditions warrant.

International investing involves special risks such as political, economic and currency risks and differences in accounting standards and financial reporting. See the prospectus for the risks of investing in small-cap stocks. See the prospectus for the risks of investing in high-yield bonds.

5

A LOOK AT
PERFORMANCE
For the period ending
February 28, 2006

With maximum sales charge (POP)

	Cumulative total returns
	Since inceptiona
Class A	3.68%
Class B	3.89
Class C	7.89
Class R3b	9.00
Class R4b	9.13
Class R5b	9.19
Class 1b	9.22

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

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the Fund’s current performance may be higher or lower than the performance shown. For performance data current to the most recent month-end, please call 1-800-225-5291 or visit the Fund’s Web site at www.jhfunds.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

The Fund’s performance results reflect any applicable expense reductions, without which the expenses would increase and results would have been less favorable.

Since inception performance is calculated with an opening (prior day’s close) on the inception date.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

^b For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

6

GROWTH OF
$10,000

This chart shows what happened to a hypothetical $10,000 invest-
ment in Class A shares for the period indicated. For comparison,
we’ve shown the same investment in a blended index.

	Class B	Class C	Class R3a	Class R4a	Class R5a	Class 1a
Period beginning	10-18-05	10-18-05	10-18-05	10-18-05	10-18-05	10-15-05
Without
sales charge	$10,889	$10,889	$10,900	$10,913	$10,919	$10,922
With maximum
sales charge	10,389	10,789	10,900	10,913	10,919	10,922
Index	10,701	10,701	10,701	10,701	10,701	10,727

Assuming all distributions were reinvested for the period indicated, the table above shows the value of a $10,000 investment in the Fund’s Class B, Class C, Class R3, Class R4, Class R5 and Class 1 shares, respectively, as of February 28, 2006. Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.

A blended index is used combining 80% of the Standard & Poor’s 500 Index, an unmanaged index that includes 500 widely traded common stocks, and 20% of the Lehman Brothers Aggregate Bond Index, an unmanaged index of dollar-denominated and nonconvertible investment-grade debt issues.

It is not possible to invest directly in an index. Index figures do not reflect sales charges and would be lower if they did.

^a For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

7

YOUR
EXPENSES

These examples are intended to help you understand your ongoing
operating expenses.

Understanding fund expenses

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

 * Transaction costs which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

 * Ongoing operating expenses including management fees, distribution and service fees (if applicable) and other fund expenses.

In addition to the operating expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the operating expenses of the underlying funds in which the Fund invests. Because the underlying funds have varied operating expenses and transaction costs and the Fund may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the Fund will vary. If these indirect expenses were included, your expenses paid during the period would have been higher.

We are going to present only your ongoing operating expenses here.

Actual expenses/actual returns

This example is intended to provide information about your fund’s actual ongoing operating expenses, and is based on your fund’s actual return. It assumes an account value of $1,000.00 on inception date with the same investment held until February 28, 2006.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,091.20	$2.30
Class Bb	1,088.90	5.01
Class Cb	1,088.90	5.01
Class R3b	1,090.00	2.72
Class R4b	1,091.30	1.78
Class R5b	1,091.90	0.84
Class 1b	1,092.20	0.52

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over

8

the period. Simply divide your account value at February 28, 2006 by $1,000.00, then multiply it by the “expenses paid” for your share class from the table above. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

This table allows you to compare your fund’s ongoing operating expenses with those of any other fund. It provides an example of the Fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annual return before expenses (which is not your fund’s actual return). It assumes an account value of $1,000.00 on inception date with the same investment held until February 28, 2006. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,016.20	$2.22
Class Bb	1,013.60	4.83
Class Cb	1,013.60	4.83
Class R3b	1,015.80	2.62
Class R4b	1,016.70	1.71
Class R5b	1,017.60	0.81
Class 1b	1,018.30	0.50

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

^a Expenses are equal to the Fund’s annualized expense ratio of 0.61%, 1.32%, 1.31%, 0.72%, 0.47% 0.22% and 0.12% for Class A, Class B, Class C, Class R3, Class R4, Class R5 and Class 1, respectively, multiplied by the average account value over the period, multiplied by the number of days in the inception period /365 or 366 (to reflect the one-half year period).

^b Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

9

F I N A N C I A L S TAT E M E N T S

FUND’S
INVESTMENTS
Securities owned
by the Fund on
February 28, 2006
(unaudited)

Lifestyle Growth Fund portfolio of investments, showing
all underlying funds.

Issuer	Shares	Value
Total investments 100.01%		$6,476,733,289
(Cost $6,007,700,997)
John Hancock Funds II
500 Index Fund Class NAV	11,605,597	$128,473,962
All Cap Growth Fund Class NAV	3,708,247	63,930,186
All Cap Value Fund Class NAV	8,336,607	128,467,114
Blue Chip Growth Fund Class NAV	17,852,271	322,769,055
Capital Appreciation Fund Class NAV	19,037,868	193,234,361
Core Equity Fund Class NAV	12,934,032	193,234,441
Equity-Income Fund Class NAV	14,831,807	258,073,445
Fundamental Value Fund Class NAV	16,862,860	258,001,761
Global Bond Fund Class NAV	9,095,095	130,332,705
High Yield Fund Class NAV	43,935,488	456,050,365
International Equity Index Fund Class NAV	3,661,405	64,660,417
International Opportunities Fund Class NAV	12,538,804	195,856,116
International Small Cap Fund Class NAV	12,911,345	263,649,662
International Stock Fund Class NAV	29,718,573	392,582,344
International Value Fund Class NAV	23,528,815	387,990,153
Large Cap Fund Class NAV	4,425,117	63,942,938
Large Cap Value Fund Class NAV	2,844,155	63,709,075
Mid Cap Core Fund Class NAV	14,715,907	258,264,161
Mid Cap Index Fund Class NAV	3,373,518	63,759,489
Mid Cap Stock Fund Class NAV	3,962,335	64,863,420
Mid Cap Value Fund Class NAV	3,333,281	63,732,338
Natural Resources Fund Class NAV	7,806,032	258,769,955
Quantitative Value Fund Class NAV	12,261,067	193,234,411
Real Estate Securities Fund Class NAV	4,874,389	130,438,639
Real Return Bond Fund Class NAV	14,570,360	195,534,225
Small Cap Fund Class NAV	4,196,225	64,160,276
Small Cap Index Fund Class NAV	3,982,225	64,233,292

See notes to financial statements.

10

F I N A N C I A L   S TAT E M E N T S

Issuer	Shares	Value
John Hancock Funds II — continued
Small Cap Opportunities Fund Class NAV	5,391,357	$129,500,393
Small Company Growth Fund Class NAV	5,640,544	64,302,200
Small Company Value Fund Class NAV	2,676,832	64,645,495
Special Value Fund Class NAV	3,092,026	64,190,462
Spectrum Income Fund Class NAV	12,645,071	129,611,983
Strategic Bond Fund Class NAV	10,818,858	129,826,297
Total Return Fund Class NAV	18,923,426	260,575,577
U.S. Global Leaders Growth Fund Class NAV	14,572,996	194,840,951
U.S. Multi Sector Fund Class NAV	42,529,952	452,518,684
Vista Fund Class NAV	5,742,282	64,772,941
Total investments 100.01%		$6,476,733,289
Liabilities in excess of other assets (0.01)%		($464,048)
Total net assets 100.00%		$6,476,269,241

Percentages are stated as a percent of net assets of the Fund.

See notes to financial statements.

11

ASSETS AND
LIABILITIES

February 28, 2006
(unaudited)

This Statement of Assets and Liabilities is the Fund’s balance sheet. It shows the value of what the Fund owns, is due and owes. You’ll also find the net asset value and the maximum offering price per share.

Assets
Investments in affiliated funds, at value
(cost $6,007,700,997)	$6,476,733,289
Receivable for shares sold	4,219,827
Receivable from affiliates	156,217
Other assets	13,137
Total assets	6,481,122,470
Liabilities
Due to custodian	929,151
Payable for investments purchased	3,216,488
Payable for shares repurchased	1,000
Payable to affiliates
Fund administration fees	117,539
Transfer agent fees	10,872
Other payables and accrued expenses	578,179
Total liabilities	4,853,229
Net assets
Capital paid-in	6,005,083,287
Accumulated net realized gain on investments	4,306,052
Net unrealized appreciation on investments	469,032,292
Distributions in excess of net investment income	(2,152,390)
Net assets	$6,476,269,241
Net asset value per share
Based on net asset values and shares outstanding —
the Fund has an unlimited number of shares
authorized with no par value
Class A ($32,729,320 ÷ 2,259,294 shares)	$14.49
Class B ($6,414,210 ÷ 442,905 shares)	$14.48
Class C ($21,056,396 ÷ 1,454,110 shares)	$14.48
Class R3 ($194,149 ÷ 13,405 shares)	$14.48
Class R4 ($135,389 ÷ 9,346 shares)	$14.49
Class R5 ($1,154,774 ÷ 79,689 shares)	$14.49
Class 1 ($6,414,585,003 ÷ 443,904,454 shares)	$14.45
Maximum offering price per share
Class Aa ($14.49 ÷ 95%)	$15.25

^a On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

See notes to financial statements.

12

F I N A N C I A L   S TAT E M E N T S

OPERATIONS
For the period ended
February 28, 2006^a
(unaudited)

This Statement of Operations summarizes the Fund’s investment income earned and expenses incurred in operating the Fund. It also shows net gains (losses) for the period stated.

Investment income
Income distributions received from affiliated underlying funds	$36,013,276
Total investment income	36,013,276
Expenses
Investment management fees (Note III)	868,020
Distribution and service fees (Note III)	1,061,403
Transfer agent fees (Note III)	11,276
Blue sky fees (Note III)	33,084
Printing and postage fees (Note III)	130,761
Fund administration fees (Note III)	117,756
Audit and legal fees	44,157
Custodian fees	4,268
Trustees’ fees (Note III)	26,217
Registration and filing fees	340,886
Interest	6,204
Miscellaneous	15,320
Total expenses	2,659,352
Less expense reductions (Note III)	(156,419)
Net expenses	2,502,933
Net investment income	33,510,343
Realized and unrealized gain
Net realized gain on investments	3,886,191
Capital gain distributions received from affiliated
underlying funds	419,861
Change in net unrealized appreciation of investments	469,032,292
Net realized and unrealized gain	473,338,344
Increase in net assets from operations	$506,848,687

^a Period from 10-15-05 (commencement of operations) to 2-28-06.

See notes to financial statements.

13

F I N A N C I A L S TAT E M E N T S

CHANGES IN
NET ASSETS

These Statements of Changes in Net Assets show how the value of the Fund’s net assets has changed since the inception of the Fund. The difference reflects earnings less expenses, any investment gains and losses, distributions, if any, paid to shareholders and the net of Fund share transactions.

Period
ended
2-28-06^a

Increase (decrease) in net assets
From operations
Net investment income	$33,510,343
Net realized gain	4,306,052
Change in net unrealized appreciation	469,032,292
Increase in net assets resulting
from operations	506,848,687
Distributions to shareholders
From net investment income
Class A	(46,836)
Class B	(6,890)
Class C	(19,011)
Class R3	(519)
Class R4	(571)
Class R5	(2,527)
Class 1	(35,586,379)
	(35,662,733)
From Fund share transactions	6,005,083,287
Net assets
End of period	$6,476,269,241
Distributions in excess of
net investment income	($2,152,390)

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05. Unaudited.

See notes to financial statements.

14

F I N A N C I A L   H I G H L I G H T S

FINANCIAL
HIGHLIGHTS

CLASS A SHARES

The Financial Highlights show how the Fund’s net asset value for a

share has changed since the commencement of operations of the Fund.

Period ended

Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.03
Net realized and unrealized
gain on investments	1.18
Total from
investment operations	1.21
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$14.49
Total returnk,l (%)	9.12m
Ratios and supplemental data
Net assets, end of period
(in millions)	$33
Ratio of net expenses
to average net assetsq (%)	0.61r
Ratio of gross expenses
to average net assetsp,q (%)	2.34r
Ratio of net investment income
to average net assetsv (%)	0.56r
Portfolio turnover (%)	3m

See notes to financial statements.

15

F I N A N C I A L   H I G H L I G H T S

CLASS B SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment lossh	(0.01)
Net realized and unrealized
gain on investments	1.20
Total from
investment operations	1.19
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$14.48
Total returnk,l (%)	8.89m
Ratios and supplemental data
Net assets, end of period
(in millions)	$6
Ratio of net expenses
to average net assetsq (%)	1.32r
Ratio of gross expenses
to average net assetsp,q (%)	3.70r
Ratio of net investment loss
to average net assetsv (%)	(0.16)r
Portfolio turnover (%)	3m

See notes to financial statements.

16

F I N A N C I A L   H I G H L I G H T S

CLASS C SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment lossh	(0.02)
Net realized and unrealized
gain on investments	1.21
Total from
investment operations	1.19
Less distributions
From net investment income	(0.06)
	(0.06)
Net asset value, end of period	$14.48
Total returnk,l (%)	8.89 m
Ratios and supplemental data
Net assets, end of period
(in millions)	$21
Ratio of net expenses
to average net assetsq (%)	1.31r
Ratio of gross expenses
to average net assetsp,q (%)	3.11r
Ratio of net investment loss
to average net assetsv (%)	(0.33)r
Portfolio turnover (%)	3m

See notes to financial statements.

17

F I N A N C I A L   H I G H L I G H T S

CLASS R3 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.04
Net realized and unrealized
gain on investments	1.16
Total from
investment operations	1.20
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$14.48
Total returnk,l (%)	9.00m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.72r
Ratio of gross expenses
to average net assetsp,q (%)	15.62r
Ratio of net investment income
to average net assetsv (%)	0.75r
Portfolio turnover (%)	3m

See notes to financial statements.

18

F I N A N C I A L   H I G H L I G H T S

CLASS R4 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.06
Net realized and unrealized
gain on investments	1.16
Total from
investment operations	1.22
Less distributions
From net investment income	(0.08)
	(0.08)
Net asset value, end of period	$14.49
Total returnk,l (%)	9.13m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.47r
Ratio of gross expenses
to average net assetsp,q (%)	16.72r
Ratio of net investment income
to average net assetsv (%)	1.12r
Portfolio turnover (%)	3m

See notes to financial statements.

19

F I N A N C I A L   H I G H L I G H T S

CLASS R5 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$13.35
Net investment incomeh	0.01
Net realized and unrealized
gain on investments	1.21
Total from
investment operations	1.22
Less distributions
From net investment income	(0.08)
	(0.08)
Net asset value, end of period	$14.49
Total returnk,l (%)	9.19m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1
Ratio of net expenses
to average net assetsq (%)	0.22r
Ratio of gross expenses
to average net assetsp,q (%)	4.94r
Ratio of net investment income
to average net assetsv (%)	0.15r
Portfolio turnover (%)	3m

See notes to financial statements.

20

F I N A N C I A L   H I G H L I G H T S

CLASS 1 SHARES

Period ended	2-28-06 a
Per share operating performance
Net asset value,
beginning of period	$13.31
Net investment incomeh	0.09
Net realized and unrealized
gain on investments	1.13
Total from
investment operations	1.22
Less distributions
From net investment income	(0.08)
	(0.08)
Net asset value, end of period	$14.45
Total returnk (%)	9.22m
Ratios and supplemental data
Net assets, end of period
(in millions)	$6,415
Ratio of net expenses
to average net assetsq (%)	0.12r
Ratio of net investment income
(loss) to average net assetsv (%)	1.65r
Portfolio turnover (%)	3m

a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares
began operation on 10-15-05. Unaudited
.
h Based on the average of the shares outstanding.

i Less than $500,000.

k Assumes dividend reinvestment and does not reflect the effect of sales charges.

l Total returns would have been lower had certain expenses not been reduced during the period shown.

m Not annualized.

p Does not take into consideration expense reductions during the period shown.

q Does not include expenses of the investment companies in which the Fund invests.

r Annualized.

v Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by
the underlying investment companies in which the Fund invests.

See notes to financial statements.

21

NOTES TO
STATEMENTS
Unaudited

I. Organization

The John Hancock Lifestyle Growth Portfolio (the “Fund”) is a non-diversified series of John Hancock Funds II (the “Trust”), an open-end management investment company registered under the Investment Company Act of 1940, as amended.

The Fund operates as a “fund of funds”, which invests in shares of mutual funds (“underlying funds”) managed by affiliates of John Hancock Investment Management Services, LLC (the “Adviser”). The Adviser is a wholly owned subsidiary of Manulife Financial Corporation (“MFC”). Each underlying fund’s accounting policies are outlined in the underlying fund’s shareholder report, available without charge by calling 1-800-344-1029 or on the Securities and Exchange Commission (“SEC”) Internet site at www.sec.gov, File # 811-21779, CIK 0001331971.

The Trustees have authorized the issuance of multiple classes of shares of the Fund, including classes designated as Class A, Class B, Class C, Class R3, Class R4, Class R5, and Class 1 shares. The shares of each class represent an interest in the same portfolio of investments of the Fund, and have equal rights as to voting, redemptions, dividends and liquidation, except that certain expenses, subject to the approval of the Trustees, may be applied differently to each class of shares in accordance with current regulations of the Securities and Exchange Commission and the Internal Revenue Service. Shareholders of a class that bears distribution and service expenses under the terms of a distribution plan have exclusive voting rights to that distribution plan.

At February 28, 2006 John Hancock USA, an indirect subsidiary of MFC, owned 7,513 Class R3, Class R4 and Class R5 shares of beneficial interest of the Fund.

II. Significant accounting policies

In the preparation of the financial statements, the Fund follows the policies described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Securities valuation

The net asset value of the shares of the Fund is determined daily as of the close of the New York Stock Exchange, normally at 4:00 P.M. Eastern Time. Investments in underlying funds are valued at their respective net asset values each business day, or at fair value as determined in good faith in accordance with procedures approved by the Trustees.

22

Securities in the underlying funds’ portfolios are valued in accordance with their respective valuation polices, as outlined in the underlying funds’ financial statements. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost.

Repurchase agreements

The Fund may enter into repurchase agreements. When a Fund enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. The Fund will take constructive receipt of all securities underlying the repurchase agreements it has entered into until such agreements expire. If the seller defaults, a Fund would suffer a loss to the extent that proceeds from the sale of underlying securities were less than the repurchase amount. The Fund may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be creditworthy by the Adviser. Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty.

Security transactions and related investment income

Investment security transactions are accounted for on a trade date basis. Interest income is accrued as earned. Dividend income on investment securities is recorded on the ex-dividend date.

Multi-class operations

All income, expenses (except for class-specific expenses) and realized and unrealized gains (losses) are allocated to each class of shares based upon the relative net assets of each class. Dividends to shareholders from net investment income are determined at a class level and distributions from capital gains are determined at a Fund level.

Expense allocation

Expenses not directly attributable to a particular Fund or class of shares are allocated based on the relative share of net assets of the Fund at the time the expense was incurred. Class-specific expenses, such as transfer agency fees, blue sky fees, printing and postage fees and distribution and service fees, are accrued daily and charged directly to the respective share classes. Expenses in the Fund’s Statements of Operations reflect the expenses of the Fund and do not include any indirect expenses related to the underlying funds. Because the underlying funds have varied expense levels and the Fund may own different proportions of the underlying funds at different times, the amount of fees and expenses incurred indirectly by the Fund will vary.

Federal income taxes

The Fund qualifies as a “regulated investment company” by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Distribution of income and gains

The Fund records distributions to shareholders from net investment income and net realized gains, if any, on the ex-dividend date. Distributions paid by the Fund with respect to each class of shares are calculated in the same manner, at the same time and are in the same amount, except for the effect of expenses that may be applied differently to each class. Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from accounting principles generally accepted in the United States of America. Distributions in excess of tax basis earnings and profits, if any, are reported in the Fund’s financial statements as a return of capital.

Capital accounts

The Fund reports the undistributed net investment income and accumulated undistributed net realized

23

gain (loss) accounts on a basis approximating amounts available for future tax distributions (or to offset future taxable realized gains when a capital loss carryforward is available). Accordingly, the Fund may periodically make reclassifications among certain capital accounts, without affecting its net asset value.

III. Investment advisory and other agreements

Advisory fees

The Trust has entered into an Investment Advisory Agreement with the Adviser. The Adviser is responsible for managing the corporate and business affairs of the Trust and for selecting and compensating subadvisers to handle the investment and reinvestment of the assets of the Fund, subject to the supervision of the Board of Trustees. Under the Advisory Agreement the Fund pays a monthly management fee to the Adviser equivalent, on an annual basis, to the sum of: (a) 0.05% of the first $7,500,000,000 of the Fund’s aggregate daily net assets and (b) 0.04% of the Fund’s aggregate daily net assets in excess of $7,500,000,000. Aggregate net assets include the net assets of the five Lifestyle Portfolios of the Trust (the Lifestyle Aggressive, the Lifestyle Balanced, the Lifestyle Conservative, the Lifestyle Growth and the Lifestyle Moderate) and the five Lifestyle Portfolios of John Hancock Trust (the Lifestyle Aggressive 1000, the Lifestyle Growth 820, the Lifestyle Balanced 640, the Lifestyle Moderate 460 and the Lifestyle Conservative 280). The Fund is not responsible for payment of the subadvisory fees.

Expense reimbursements

The Adviser has contractually agreed to waive advisory fees or reimburse Fund’s expenses for Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares to the extent that blue sky fees and printing and postage expenses attributable to each class exceed 0.09% of the average annual net assets attributable to the classes, at least until November 1, 2006. Accordingly, the expense reductions related to this expense limitation amounted to $71,690, $19,086, $42,741, $6,527, $6,548 and $9,425 for Class A, Class B, Class C, Class R3, Class R4 and Class R5, respectively, for the period ended February 28, 2006. The Adviser reserves the right to terminate this limitation in the future.

Administration fees

The Fund has an agreement with the Adviser that requires the Fund to reimburse the Adviser for all expenses associated with providing the administrative, financial, accounting and recordkeeping services of the Fund, including the preparation of all tax returns, annual, semiannual and periodic reports to shareholders and the preparation of all regulatory reports.

Distribution plans

The Trust has a Distribution Agreement with John Hancock Funds, LLC (“JH Funds”), a wholly-owned subsidiary of the Adviser. The Fund has adopted Distribution Plans with respect to Class A, Class B, Class C, Class R3, Class R4 and Class 1, pursuant to Rule 12b-1 under the Investment Company Act of 1940, to reimburse JH Funds for the services it provides as distributor of shares of the Fund. Accordingly, the Fund makes monthly payments to JH Funds at an annual rate not to exceed 0.30%, 1.00%, 1.00%, 0.50%, 0.25%, and 0.05% of average daily net asset value of Class A, Class B, Class C, Class R3, Class R4 and Class 1, respectively. A maximum of 0.25% of such payments may be service fees, as defined by the Conduct Rules of the National Association of Securities Dealers. Under the Conduct Rules, curtailment of a portion of the Fund’s 12b-1 payments could occur under certain circumstances.

The Fund has also adopted a Service Plan with respect to Class R3, Class R4 and Class R5 shares (the “Service Plan”). Under the Service Plan, the Fund pays up to 0.15%, 0.10% and 0.05% of average daily net assets of Class R3, Class R4 and Class R5 shares, respectively,

24

for certain other services. There were no servicing fees during the period ended February 28, 2006.

Sales charges

Class A shares are assessed up-front sales charges. During the period ended February 28, 2006, JH Funds received net up-front sales charges of $606,012 with regard to sales of Class A shares. Of this amount, $99,425 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $498,237 was paid as sales commissions to unrelated broker-dealers and $8,350 was paid as sales commissions to sales personnel of Signator Investors, Inc. (“Signator Investors”), a related broker-dealer, an indirect subsidiary of MFC.

Class B shares that are redeemed within six years of purchase are subject to a contingent deferred sales charge (“CDSC”) at declining rates, beginning at 5.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Class C shares that are redeemed within one year of purchase are subject to a CDSC at a rate of 1.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from the CDSCs are paid to JH Funds and are used, in whole or in part, to defray its expenses for providing distribution-related services to the Fund in connection with the sale of Class B and Class C shares. During the period ended February 28, 2006, CDSCs received by JH Funds amounted to $330 for Class B shares and $488 for Class C shares.

Transfer agent fees

The Fund has a Transfer Agency Agreement with John Hancock Signature Services, Inc. (“Signature Services”), an indirect subsidiary of MFC. For Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares, the Fund pays a monthly transfer agent fee at an annual rate of 0.05% of each class’s average daily net assets, plus a fee based on the number of shareholder accounts and reimbursement for certain out-of-pocket expenses. Expenses not directly attributable to a particular class of shares are aggregated and allocated to each class on the basis of its relative net asset value.

Signature Services has agreed to limit the transfer agent fees so that such fees do not exceed 0.20% annually of Class A, Class B, Class C, Class R3, Class R4 and Class R5 share average daily net assets. This agreement is effective until December 31, 2006. Signature Services reserves the right to terminate this limitation in the future. In addition, Signature Service has voluntarily agreed to further limit  transfer agent fees for Class R3, Class R4 and Class R5 shares so that such fees do not exceed 0.05% annually of each class’s average daily net assets. Accordingly, the transfer agent fees reductions amounted to $69, $69 and $264 for Class R3, Class R4 and Class R5 shares, respectively, during the period ended February 28, 2006. Signature Services reserves the right to terminate this limitation at any time.

25

Expenses under the agreements described above for the period ended February 28, 2006, were as follows:

	Distribution	Transfer		Printing and
Share Class	fees	agent	Blue sky	postage
Class A	$12,499	$6,071	$5,514	$70,307
Class B	8,031	1,238	5,514	14,370
Class C	23,821	3,431	5,514	39,586
Class R3	218	92	5,514	1,056
Class R4	100	92	5,514	1,073
Class R5	N/A	352	5,514	4,121
Class 1	1,016,734	—	—	248
Total	$1,061,403	$11,276	$33,084	$130,761

Trustees’ fees

The Trust compensates each Trustee who is not an employee of the Adviser or its affiliates. Total Trustees’ expenses are allocated based on each fund’s average daily net asset value.

IV. Guarantees and Indemnifications

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

26

V. Capital shares

Share activities for the Fund for the period ended February 28, 2006 were as follows:

	Period ended 2-28-06 a
	Shares	Amount
Class A shares
Sold	2,287,854	$32,632,382
Distributions reinvested	3,180	44,453
Repurchased	(31,740)	(454,113)
Net increase	2,259,294	$32,222,722
Class B shares
Sold	448,775	$6,390,226
Distributions reinvested	435	6,092
Repurchased	(6,305)	(90,318)
Net increase	442,905	$6,306,000
Class C shares
Sold	1,460,635	$20,858,902
Distributions reinvested	1,181	16,531
Repurchased	(7,706)	(110,140)
Net increase	1,454,110	$20,765,293
Class R3 shares
Sold	13,405	$185,180
Net increase	13,405	$185,180
Class R4 shares
Sold	9,346	$126,802
Net increase	9,346	$126,802
Class R5 shares
Sold	81,858	$1,150,887
Distributions reinvested	136	1,904
Repurchased	(2,305)	(32,516)
Net increase	79,689	$1,120,275
Class 1 shares
Sold	443,752,147	$5,942,380,950
Distributions reinvested	2,554,658	35,586,379
Repurchased	(2,402,351)	(33,610,314)
Net increase	443,904,454	$5,944,357,015
Net increase	448,163,203	$6,005,083,287

a Class A, Class B, Class C, Class R3, Class R4 and Class R5 share began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

27

VI. Investment transactions

Purchases and proceeds from sales or maturities of securities, other than short-term securities and obligations of the U.S. government, during the period ended February 28, 2006, aggregated $6,167,356,076 and $163,541,270, respectively.

The cost of investments owned on February 28, 2006, including short-term investments, for federal income tax purposes, was $6,007,700,997. Gross unrealized appreciation and depreciation of investments aggregated $469,847,833 and $815,541, respectively, resulting in net unrealized appreciation of $469,032,292. The difference between book basis and tax basis net unrealized appreciation of investments is attributable primarily to the tax deferral of losses on certain sales of securities.

VII. Investment in affiliated underlying funds

The Fund invests primarily in the underlying funds that are managed by affiliates of the Adviser. The Fund does not invest in the underlying funds for the purpose of exercising management or control.

A summary of the Fund’s transactions in the securities of affiliated issuers in which the Fund’s holdings represent 5% or more of the outstanding voting securities of the issuer, during the period ended February 28, 2006 is set forth below.

28

Affiliate —	Shares	Shares	Ending Share		Ending
Class NAV	Purchased	Sold	Amount	Proceeds	Value
500 Index	11,605,597	—	11,605,597	$120,595,521	$128,473,962
All Cap Growth	3,708,635	388	3,708,247	58,267,896	63,930,186
All Cap Value	8,337,047	440	8,336,607	116,146,450	128,467,114
Blue Chip Growth	17,935,324	83,053	17,852,271	299,619,614	322,769,055
Capital Appreciation	19,229,802	191,934	19,037,868	179,070,961	193,234,361
Core Equity	13,270,674	336,642	12,934,032	180,240,005	193,234,441
Equity-Income	14,832,195	388	14,831,807	240,245,218	258,073,445
Fundamental Value	16,863,718	858	16,862,860	246,032,425	258,001,761
Global Bond	9,095,095	—	9,095,095	131,148,246	130,332,705
High Yield	44,043,515	108,027	43,935,488	443,581,615	456,050,365
International
Equity Index	3,661,405	—	3,661,405	57,267,787	64,660,417
International
Opportunities	12,990,574	451,770	12,538,804	171,036,554	195,856,116
International
Small Cap	12,911,357	12	12,911,345	235,091,812	263,649,662
International Stock	30,223,007	504,434	29,718,573	352,342,785	392,582,344
International Value	23,529,247	432	23,528,815	351,925,064	387,990,153
Large Cap	4,425,117	—	4,425,117	59,934,624	63,942,938
Large Cap Value	2,844,448	293	2,844,155	58,253,019	63,709,075
Mid Cap Core	14,715,907	—	14,715,907	236,205,100	258,264,161
Mid Cap Index	3,373,518	—	3,373,518	57,027,102	63,759,489
Mid Cap Stock	3,962,767	432	3,962,335	55,437,206	64,863,420
Mid Cap Value	3,333,620	339	3,333,281	59,295,808	63,732,338
Natural Resources	10,088,789	2,282,757	7,806,032	220,113,351	258,769,955
Quantitative Value	12,272,405	11,338	12,261,067	174,968,423	193,234,411
Real Estate Securities	4,910,555	36,166	4,874,389	114,500,935	130,438,639
Real Return Bond	14,570,370	10	14,570,360	194,725,740	195,534,225
Small Cap	4,196,661	436	4,196,225	56,761,395	64,160,276
Small Cap Index	3,982,225	—	3,982,225	56,037,677	64,233,292
Small Cap Opportunities	5,391,360	3	5,391,357	115,154,815	129,500,393
Small Company Growth	5,640,544	—	5,640,544	56,547,320	64,302,200
Small Company Value	2,677,407	575	2,676,832	56,663,056	64,645,495
Special Value	3,092,026	—	3,092,026	58,472,284	64,190,462
Spectrum Income	12,645,071	—	12,645,071	126,697,264	129,611,983
Strategic Bond	10,819,362	504	10,818,858	128,030,738	129,826,297
Total Return	18,923,433	7	18,923,426	258,071,320	260,575,577
U.S. Global
Leaders Growth	14,573,018	22	14,572,996	193,362,305	194,840,951
U.S. Multi Sector	42,529,964	12	42,529,952	427,136,525	452,518,684
Vista	5,742,293	11	5,742,282	57,658,198	64,772,941

29

Evaluation of Advisory and Subadvisory Agreement by the Board of Trustees (unaudited)

This section describes the evaluation by the Board of Trustees of the Advisory Agreement and each of the Subadvisory Agreements.

Evaluation by the Board of Trustees

The Board, including the Independent Trustees, is responsible for selecting the Trust’s investment adviser, John Hancock Investment Management Services, LLC (the “Adviser” or “JHIMS”), approving the Adviser’s selection of subadvisers for each series of the Trust (the “Funds”) and approving the Trust’s advisory and subadvisory agreements, their periodic continuation and any amendments. Consistent with SEC rules, the Board will regularly evaluate the Trust’s advisory and subadvisory arrangements, including consideration of the six factors listed below. The Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. The Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, the Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel. The six factors to be regularly considered by the Board are:

1. the nature, extent and quality of the services to be provided by the Adviser to the Trust and by the subadvisers to the Funds;

2. the investment performance of the Funds and their subadvisers;

3. the extent to which economies of scale would be realized as a Fund grows;

4. whether fee levels reflect these economies of scale for the benefit of Trust shareholders;

5. the costs of the services to be provided and the profits to be realized by the Adviser and its affiliates from the Adviser’s relationship with the Trust; and

6. comparative services rendered and comparative advisory and subadvisory fee rates.

The Board believes that information relating to all six factors is relevant to its evaluation of the Trust’s advisory agreement. With respect to its evaluation of subadvisory agreements, the Board believes that, in view of the Trust’s “manager-of-managers” advisory structure: factors (1), (2) and (6) are of primary relevance; factors (3) and (4) generally are less significant to the Trustees’ considerations because subad-visory fees are paid to subadvisers by the Adviser and not directly by the Funds, and issues pertaining to economies of scale are considered in connection with the approval of the advisory fees that are paid directly by the Funds; and with respect to those subadvisers that are not affiliated with the Adviser, because the Board relies on the ability of the Adviser to negotiate the subadvisory fees at arms-length, factor (5) generally is also less significant to the Trustees’ considerations except in those circumstances in which such attention may be warranted because the comparative fee information considered in connection with factor (6) indicates that the subadvisory fees will materially exceed those normally charged under comparable circumstances.

30

In evaluating subadvisory arrangements, the Board also considers other material business relationships that unaffiliated subadvisers and their affili-ates have with the Adviser or its affiliates, including the involvement by certain affiliates of certain subadvisers in the distribution of financial products, including shares of the Trust, offered by the Adviser and other affiliates of the Adviser (“Material Relationships”).

Approval of Advisory Agreement

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Advisory Agreement between the Trust and JHIMS with respect to each of the Funds.

In approving the Advisory Agreement, and with reference to the six factors that it considers, the Board:

1(a) considered the high value to the Trust of JHIMS’s long relationship with investment companies within the same fund complex as the Trust, the skills and competency which JHIMS has demonstrated in managing the affairs and subadvisory relationships of these other investment companies, JHIMS’s ability to oversee and monitor the subadvis-ers’ investment performance and compliance programs and the qualifications of JHIMS’ personnel,

(b) considered JHIMS’s compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments, and

(c) considered JHIMS’s administrative capabilities, including its ability to supervise the other service providers for the Funds and concluded that JHIMS may reasonably be expected to ably perform its services under the Advisory Agreement;

2 reviewed the investment performance of comparably managed funds of each of the Funds; the comparative performance of their respective benchmarks and comparable funds (i.e., funds having approximately the same investment objective); and JHIMS’ analysis of such performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds; and concluded that each of the comparably managed funds has generally performed well or within a range that the Board deemed competitive except as discussed in Appendix A, and that JHIMS may reasonably be expected to ably monitor the performance of the Funds and each of their subadvisers;

3 & 4 reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded (a) that to the extent that Funds have subad-visory fees with breakpoints, those breakpoints are reflected as breakpoints in the advisory fees for Funds, (b) that all Funds with a subadviser that is not affiliated with the Adviser have subadvisory fees which are the product of arms-length negotiations between the Adviser and the subadviser and which in many, but not all, cases contain breakpoints, and (c) that, although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow;

5 (a) reviewed the financial statements of JHIMS and John Hancock Life Insurance Company (U.S.A.) (“JHLICO (U.S.A.)”) and considered an analysis presented by JHIMS

31

regarding the estimated net profitability to JHIMS of the advisory fee structure;

(b) reviewed the profitability of the JHIMS’ relationship with the Funds in terms of the total amount of annual advisory fees it is estimated to receive with respect to the Funds and whether JHIMS has the financial ability to provide a high level of services to the Funds,

(c) considered that JHIMS will derive reputational and other indirect benefits from providing advisory services to the Funds, and

(d) noted that JHIMS will pay the sub-advisory fees out of the advisory fees JHIMS receives from the Funds and concluded that the advisory fees to be paid by the Trust with respect to the Funds are not unreasonable in light of such information; and

6 reviewed comparative information with respect to the proposed advisory fee rates and concluded that the Trust’s anticipated advisory fees are within the range of those incurred by other comparable funds and that the Trust’s advisory structure is thus competitive within the industry. In considering the proposed advisory fee rates, the Board took into account the high level of services expected to be provided to the Funds and the other factors considered.

Additional information that the Board considered for a particular Fund is set forth in Appendix A.

Approval of Subadvisory Agreements

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Subadvisory Agreements.

In making its determination with reference to these respective factors, the Board reviewed:

1 information relating to each subad-viser’s business, which may include information such as: business performance, representative clients, assets under management, financial stability, personnel and, if applicable, past sub-advisory services to affiliated funds of the Trust;

2 the investment performance of comparatively managed funds of the Fund and comparative performance information relating to the comparatively managed fund’s benchmark and comparable funds;

3 the proposed subadvisory fee for each Fund and comparative fee information; and

4 information relating to the nature and scope of Material Relationships and their significance to the Trust’s adviser and unaffiliated subadvisers.

The Board’s decision to approve each Subadvisory Agreement was based on a number of determinations, including the following:

1 The Subadviser has extensive experience and demonstrated skills as a manager;

2 Although not without variation, the current and historical performance of the comparably managed funds of Subadviser to the Funds generally has been within the range of the current and historical performance of comparable funds and the comparably managed funds’ respective benchmarks;

3 With respect to each subadviser that is not affiliated with the Adviser, the subadvisory fees are a product of arms-length negotiation between the

32

Adviser and the subadviser and generally are within the range of industry norms; and

4 The Material Relationships consist of arrangements in which unaffiliated subadvisers or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s adviser or its affiliates, which may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans, and which in no case contained elements that would cause the Board to conclude that approval of the subadvisory agreement with the subadviser would be inappropriate.

Additional information that the Board considered for a particular fund is set forth below.

	Performance of
	Comparable Funds	Estimated Fees
Fund	as of June 30, 2005	and Expenses
Lifestyle Growth	Performance of the	Advisory fees for this Fund
	Lifestyle Growth 820	are lower than its peer
(MFC Global	Trust of JHT has	group median.
Investment	outperformed its
Management	benchmark index over	Total expenses for this
(U.S.A.) Limited	the one, three and five	Fund are higher than its
	year periods.	peer group median.

33

OUR FAMILY OF FUNDS

Equity	Balanced Fund
	Classic Value Fund
	Core Equity Fund
	Focused Equity Fund
	Growth Trends Fund
	Large Cap Equity Fund
	Large Cap Select Fund
	Mid Cap Equity Fund
	Mid Cap Growth Fund
	Multi Cap Growth Fund
	Small Cap Fund
	Small Cap Equity Fund
	Small Cap Intrinsic Value Fund
	Sovereign Investors Fund
	U.S. Global Leaders Growth Fund
Asset Allocation and	Allocation Growth + Value Portfolio
Lifestyle Portfolios	Allocation Core Portfolio
	Lifestyle Aggressive Portfolio
	Lifestyle Growth Portfolio
	Lifestyle Balanced Portfolio
	Lifestyle Moderate Portfolio
	Lifestyle Conservative Portfolio
Sector	Financial Industries Fund
	Health Sciences Fund
	Real Estate Fund
	Regional Bank Fund
	Technology Fund
	Technology Leaders Fund
International	Greater China Opportunities Fund
	International Fund
	International Classic Value Fund
Income	Bond Fund
	Government Income Fund
	High Yield Fund
	Investment Grade Bond Fund
	Strategic Income Fund
Tax-Free Income	California Tax-Free Income Fund
	High Yield Municipal Bond Fund
	Massachusetts Tax-Free Income Fund
	New York Tax-Free Income Fund
	Tax-Free Bond Fund
Money Market	Money Market Fund
	U.S. Government Cash Reserve

For more complete information on any John Hancock Fund and a prospectus, which includes charges and expenses, call your financial professional, or John Hancock Funds at 1-800-225-5291. Please read the prospectus carefully before investing or sending money.

34

ELECTRONIC
DELIVERY
Now available from
John Hancock Funds

Instead of sending annual and semiannual reports and prospectuses through the U.S. mail, we’ll notify you by e-mail when these documents are available for online viewing.

How does electronic delivery benefit you?

 * No more waiting for the mail to arrive; you’ll receive an e-mail notification as soon as the document is ready for online viewing.

 * Reduces the amount of paper mail you receive from John Hancock Funds.

 * Reduces costs associated with printing and mailing.

Sign up for electronic delivery today at

www.jhfunds.com/edelivery

35

OUR WEB SITE

A wealth of information —
www.jhfunds.com

View the latest information for your account. 

Transfer money from one account to another. 

Get current quotes for major market indexes. 

Use our online calculators to help you with your 

financial goals. 

Get up-to-date commentary from John Hancock 

Funds investment experts. 

Access forms, applications and tax information. 

36

For more information

The Portfolio’s proxy voting policies, procedures and records are available without charge, upon request:

By phone	On the Fund’s Web site	On the SEC’s Web site
1-800-225-5291	www.jhfunds.com/proxy	www.sec.gov
Trustees	Gordon M. Shone	Principal distributor
James M. Oates, Chairman*	Vice President and Treasurer	John Hancock Funds, LLC
Charles L. Bardelis *	Betsy A. Seel	601 Congress Street
James R. Boyle†	Assistant Vice President,	Boston, MA 02210-2805
Peter S. Burgess *	Secretary and
Elizabeth G. Cook	Chief Legal Officer	Custodian
William H. Cunningham	George Boyd	State Street Bank & Trust Co.
Charles L. Ladner *	Senior Counsel, Assistant	225 Franklin Street
Hassell H. McClellan	Vice President and	Boston, MA 02110
*Members of the Audit Committee	Assistant Secretary
†Non-Independent Trustee	Francis V. Knox, Jr.	Transfer agent
	Vice President and Chief	John Hancock Signature
	Compliance Officer	Services, Inc.
		1 John Hancock Way,
Officers		Suite 1000
Keith F. Hartstein		Boston, MA 02217-1000
President	Investment adviser
John G. Vrysen	John Hancock Investment	Legal counsel
Executive Vice President and	Management Services, LLC	Kirkpatrick & Lockhart
Chief Financial Officer	601 Congress Street	Nicholson Graham LLP
	Boston, MA 02210-2805	1 Lincoln Street
		Boston, MA 02111

The Portfolio’s investment objective, risks, charges and expenses are included in the prospectus and should be considered carefully before investing. For a prospectus, call your financial professional, call John Hancock Funds at 1-800-225-5291, or visit the Portfolio’s Web site at www.jhfunds.com. Please read the prospectus carefully before investing or sending money.

How to contact us
Internet	www.jhfunds.com
Mail	Regular mail:	Express mail:
	John Hancock	John Hancock
	Signature Services, Inc.	Signature Services, Inc.
	1 John Hancock Way, Suite 1000	Mutual Fund Image Operations
	Boston, MA 02217-1000	380 Stuart Street
		Boston, MA 02116
Phone	Customer service representatives	1-800-225-5291
	24-hour automated information	1-800-338-8080
	TDD line	1-800-554-6713

A listing of month-end portfolio holdings is available on our Web site, www.jhfunds.com. A more detailed portfolio holdings summary is available on a quarterly basis 60 days after the fiscal quarter on our Web site or upon request by calling 1-800-225-5291, or on the Securities and Exchange Commission’s Web site, www.sec.gov.

37

Table of contents 

Your fund at a glance 

page 1 

Managers’ report 

page 2 

A look at performance 

page 6 

Growth of $10,000 

page 7 

Your expenses 

page 8 

Funds investments 

page 10 

Financial statements 

page 12 

For more information 

page 33 

To Our Shareholders,

After producing modest returns in 2005, the stock market started off strong in the first two months of 2006. The major indexes all advanced and produced two-month returns that were already half as much as the market’s returns for all of 2005. For example, the Standard & Poor’s 500 Index returned 2.93% through February 2006, versus 4.91% last year in total. Investors were encouraged by solid corporate earnings, a slower-growing economy and stable inflation, which suggested the Federal Reserve could be coming close to the end of their 18-month campaign of rising interest rates.

Although a solid yearly beginning has typically augured well for the rest of the year, it is anyone’s guess where the market will end 2006, especially given the wild cards of interest rate moves and record-high energy prices and their impact on corporate profits and the economy.

One thing we do know, however, is that the stock market’s pattern is one of extremes. Consider the last 10 years. From 1995 through 1999, we saw double-digit returns in excess of 20% per year, only to have 2000 through 2002 produce ever-increasing negative results, followed by another 20%-plus up year in 2004 and a less than 5% advance in 2005. Since 1926, the market, as measured by the Standard & Poor’s 500 Index, has produced average annual results of 10.4% . However, that “normal” return is rarely produced in any given year. In fact, calendar-year returns of 8% to 12% have occurred only five times in the 80 years since 1926.

Although the past in no way predicts the future, we have learned at least one lesson from history: Expect highs and lows in the short term, but always invest for the long term. Equally important: Work with your financial professional to maintain a diversified portfolio, spread out among not only different asset classes — stocks, bonds and cash — but also among various investment styles. It’s the best way we know of to benefit from, and weather, the market’s extremes.

Sincerely,

Keith F. Hartstein,
President and Chief Executive Officer

This commentary reflects the CEO’s views as of February 28, 2006. They are subject to change at any time.

YOUR FUND
AT A GLANCE

The Portfolio seeks a
balance between a
high level of current
income and growth
of capital with a
greater emphasis
on income. To
pursue this goal,
the Portfolio, which
is a fund-of-funds,
normally invests
approximately 60%
of its assets in
underlying funds,
which invest
primarily in fixed
income securities
and approximately
40% of its assets
in underlying
funds, which
invest primarily
in equity securities.

Since inception^a

*  U.S. fixed income segments were only modestly positive during the reporting period, but equities performed quite well.

*  All but one of the underlying funds produced positive results during the reporting period and the Lifestyle Moderate Portfolio outperformed the index.

*  The equity portion of the Portfolio benefited most from allocations to funds that invest in non-U.S. equities, while the fixed income portion benefited most from funds that invest in high yield bonds.

Total returns for the Portfolio are at net asset value with all distributions reinvested.
These returns do not reflect the deduction of the maximum sales charge, which would
reduce the performance shown above.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 began operations on
10-18-05 and Class 1 began operation on 10-15-05.

Asset Allocation
Equity	% of Total	Fixed Income	% of Total
U.S. Large Cap	21.00	Intermediate Term Bond	22.00
International	11.00	High Yield Bond	12.00
Real Estate	4.00	Multi-Sector Bond	12.00
U.S. Mid Cap	4.00	Global Bond	6.00
		Treasury Inflation
		Protected Securities	4.00
		Long Term Bond	2.00
		Short Term Bond	2.00

As a percentage of the Portfolio’s net assets on February 28, 2006.

1

FROM THE MANAGEMENT TEAM OF MFC GLOBAL INVESTMENT MANAGEMENT

MANAGERS’
REPORT

JOHN HANCOCK

Lifestyle
Moderate Portfolio

For the reporting period of October 18, 2005 through February 28, 2006, all major equity indexes posted positive results, while bonds advanced modestly. The dominant influence of energy on the economy and on business profitability kept equity and oil prices locked in contrary motion: equities fell in December and January as oil prices firmed, and rallied in October, November and February as oil prices declined. Oil price volatility has not diminished the underlying support that equities have received from strong corporate earnings and solid economic growth.

U.S. small-cap stocks were the best performers over the reporting period followed by mid-cap stocks. Large-cap stocks continued to trail, which is consistent with the last two years of unremarkable performance. Small- and mid-cap growth stocks beat their value counterparts, while value stocks outperformed in the large-cap area. International stocks produced strong results during this period, outperforming U.S. equities by approximately 6%. This performance was bolstered by strong results in Japan and Germany.

“For the reporting period
of October 18, 2005 through
February 28, 2006, all
major equity indexes posted
positive results, while bonds
advanced modestly.”

While equities performed quite well during the reporting period, most U.S. fixed-income segments were only modestly positive. One exception came from high yield issues, which significantly outperformed other fixed-income areas as investors searched for yield. In terms of non-U.S. fixed-income, hedged strategies outperformed unhedged portfolios due to the strengthening of the U.S. dollar against most currencies, namely the Euro, Yen and Sterling.

Performance results

From inception October 18, 2005 (for Class 1 inception is October 15, 2005) through February 28, 2006, John Hancock Lifestyle Moderate Portfolio’s Class A, Class B, Class C, Class R3,

2

Class R4, Class R5 and Class I shares posted total returns of 5.42%, 5.20%, 5.20%, 5.31%, 5.44%, 5.57% and 5.50%, respectively, at net asset value. That compared with the 4.23% return of the Portfolio’s benchmark index — a 40/60 blend of the Standard & Poor’s 500 Index and the Lehman Brothers Aggregate Bond Index.

Performance explanation

This Portfolio outperformed its benchmark since inception. Both the equity and fixed-income components of the Portfolio contributed to the positive outcome. Performance of the equity portion was aided by Real Estate Securities Fund (+17.27%, Deutsche Asset Management), which delivered excellent gains as Real Estate Investment Trusts (REITs) continued to outperform the S&P 500 for the sixth straight year. While real estate can be volatile as an individual investment, the risks inherent in this asset class are diffused by the broad diversification of the Lifestyle Moderate Portfolio.

Allocations to traditional equity asset classes also added value,  particularly the exposure to non-U.S. funds and small-cap funds. International Opportunities Fund (+19.39%, Marsico), a growth-oriented fund, led the way on the non-U.S. side. In the small-cap portion of the portfolio, Small Company Fund (+18.17%, American Century) and Small Company Value Fund (+14.91%, T. Rowe Price), were top performers.

“Both the equity and fixed-income
components of the portfolio
contributed to the positive
outcome.”

In the U.S. large-cap portion of the Portfolio, U.S. Multi-Sector Fund (GMO) was the main detractor from performance. This was due in large part to the fund’s positioning in higher-quality names. The fund’s management team continues to believe that low-quality stocks are extremely overvalued and that high-quality equities represent the best opportunity within the U.S.

The best relative results in the fixed-income portion of the Portfolio were generated by high yield funds. Although spreads have become historically tight in relation to other fixed-income options, investors have continued to flock to high-yield bonds in an effort to capture any incremental yield over traditional fixed-income vehicles. Allocations to multi-sector bond funds also added value. These

3

funds are designed to outperform the broad fixed-income market with a similar amount of risk by allocating across a wide range of sectors, including emerging-market debt, high yield and non-U.S. sovereign debt. Over the current reporting period, Spectrum Income Fund (+3.19%, T. Rowe Price) benefited from allocations to high yield and emerging-market debt.

The main detractor from performance within fixed-income was Global Bond Fund (-0.71%, PIMCO). Because the strategy does not hedge the underlying currency of its foreign bond holdings, the rallying U.S dollar hurt performance. While global bonds detracted from results during this period, allocations to non-traditional fixed-income asset classes such as global bonds and TIPS help to diversify Lifestyle Moderate Portfolio over the long term.

“Lifestyle Moderate Portfolio is
well diversified across a wide
range of asset classes and
investment styles, including
non-traditional asset classes.”

Positioning and outlook

Lifestyle Moderate Portfolio is well diversified across a wide range of asset classes and investment styles, including non-traditional asset classes. The Portfolio has an 11% weighting in non-U.S. equity funds and a 4% position in the Real Estate Securities Fund (Deutsche Asset Management). On the fixed-income front, the Portfolio has a meaningful stake in high yield funds (12%), a 6% position in Global Bond Fund (PIMCO) and a 5% position in Real Return Fund (PIMCO). No major changes were made during this short time period outside of the regular rebalancing process.

4

We believe that the long-awaited shift in favor of higher-quality stocks will occur sooner rather than later, and we are well positioned for this impending change within our large-cap allocations. We remain vigilant in our evaluation of the areas that have experienced excellent relative and absolute gains recently, including real estate, natural resources, high yield and small- and mid-cap stocks. In our view, valuations in these areas are not as attractive as they were three years ago (for example, high yield spreads over treasuries have tightened significantly and cash-flow multiples for REIT securities have been higher than historical averages). In many cases, however, the fundamentals remain strong. As always, we will make adjustments to further enhance the risk-reward profile of the Portfolio as opportunities arise.

This commentary reflects the views of the portfolio managers through the end of the Portfolio’s period discussed in this report. The managers’ statements reflect their own opinions. As such, they are in no way guarantees of future events and are not intended to be used as investment advice or a recommendation regarding any specific security. They are also subject to change at any time as market and other conditions warrant.

International investing involves special risks such as political, economic and currency risks and differences in accounting standards and financial reporting. See the prospectus for the risks of investing in small-cap stocks. See the prospectus for the risks of investing in high-yield bonds.

5

A LOOK AT
PERFORMANCE

For the period ending
February 28, 2006

With maximum sales charge (POP)

	Cumulative total returns
	Since inceptiona
Class A	0.16%
Class B	0.20
Class C	4.20
Class R3b	5.31
Class R4b	5.44
Class R5b	5.57
Class 1b	5.50

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

The returns reflect past results and should not be considered indicative of future performance. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility, the Fund’s current performance may be higher or lower than the performance shown. For performance data current to the most recent month-end, please call 1-800-225-5291 or visit the Fund’s Web site at www.jhfunds.com.

The performance table above and the chart on the next page do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

The Fund’s performance results reflect any applicable expense reductions, without which the expenses would increase and results would have been less favorable.

Since inception performance is calculated with an opening price (prior day’s close) on the inception date.

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

^b For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

6

GROWTH OF
$10,000

This chart shows what happened to a hypothetical $10,000 investment in Class A shares for the period indicated. For comparison, we’ve shown the same investment in a blended index.

	Class B	Class C	Class R31	Class R41	Class R51	Class 11
Period beginning	10-18-05	10-18-05	10-18-05	10-18-05	10-18-05	10-15-05
Without
sales charge	$10,520	$10,520	$10,531	$10,544	$10,557	$10,550
With maximum
sales charge	10,020	10,420	10,531	10,544	10,557	10,550
Index	10,423	10,423	10,423	10,423	10,423	10,438

Assuming all distributions were reinvested for the period indicated, the table above shows the value of a $10,000 investment in the Fund’s Class B, Class C, Class R3, Class R4, Class R5 and Class 1 shares, respectively, as of February 28, 2006. Performance of the classes will vary based on the difference in sales charges paid by shareholders investing in the different classes and the fee structure of those classes.

A blended index is used when combining 40% of the Standard & Poor’s 500 Index, an unmanaged index that includes 500 widely traded common stocks, and 60% of the Lehman Brothers Aggregate Bond Index, an unmanaged index of dollar-denominated and nonconvertible investment-grade debt issues.

It is not possible to invest directly in an index. Index figures do not reflect sales charges and would be lower if they did.

¹ For certain types of investors as described in the Fund’s Class R3, Class R4, Class R5 and Class 1 share prospectuses.

7

YOUR
EXPENSES

These examples are intended to help you understand your ongoing operating expenses.

Understanding fund expenses

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

*  Transaction costs which include sales charges (loads) on purchases or redemptions (varies by share class), minimum account fee charge, etc.

*  Ongoing operating expenses including management fees, distribution and service fees (if applicable) and other fund expenses.

In addition to the operating expenses which the Fund bears directly, the Fund indirectly bears a pro rata share of the operating expenses of the underlying funds in which the Fund invests. Because the underlying funds have varied operating expenses and transaction costs and the Fund may own different proportions of the underlying funds at different times, the amount of expenses incurred indirectly by the Fund will vary. If these indirect expenses were included, your expenses paid during the period would have been higher.

We are going to present only your ongoing operating expenses here.

Actual expenses/actual returns

This example is intended to provide information about your fund’s actual ongoing operating expenses, and is based on your fund’s actual return. It assumes an account value of $1,000.00 on inception date, with the same investment held until February 28, 2006.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,054.20	$2.26
Class Bb	1,052.00	4.92
Class Cb	1,052.00	5.03
Class R3b	1,053.10	2.77
Class R4b	1,054.40	1.85
Class R5b	1,055.70	0.82
Class 1b	1,055.00	0.51

Together with the value of your account, you may use this information to estimate the operating expenses that you paid over

8

the period. Simply divide your account value at February 28, 2006 by $1,000.00, then multiply it by the “expenses paid” for your share class from the table above. For example, for an account value of $8,600.00, the operating expenses should be calculated as follows:

Hypothetical example for comparison purposes

This table allows you to compare your fund’s ongoing operating expenses with those of any other fund. It provides an example of the Fund’s hypothetical account values and hypothetical expenses based on each class’s actual expense ratio and an assumed 5% annual return before expenses (which is not your fund’s actual return). It assumes an account value of $1,000.00 on inception date, with the same investment held until February 28, 2006. Look in any other fund shareholder report to find its hypothetical example and you will be able to compare these expenses.

Account value		Expenses paid
$1,000.00	Ending value	during period
on inception date	on 2-28-06	ended 2-28-06a
Class Ab	$1,016.20	$2.22
Class Bb	1,013.60	4.83
Class Cb	1,013.50	4.93
Class R3b	1,015.70	2.72
Class R4b	1,016.60	1.81
Class R5b	1,017.60	0.81
Class 1b	1,018.30	0.50

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

^a Expenses are equal to the Fund’s annualized expense ratio of 0.61%, 1.32%, 1.33%, 0.73%, 0.48%, 0.22% and 0.12% for Class A, Class B, Class C, Class R3, Class R4, Class R5 and Class 1, respectively, multiplied by the average account value over the period, multiplied by number of days since inception /365 or 366 (to reflect the one-half year period).

^b Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05.

9

F I N A N C I A L   S TAT E M E N T S

FUND’S
INVESTMENTS

Securities owned
by the Fund on
February 28, 2006
(unaudited)

Lifestyle Moderate Fund portfolio of investments, showing all

underlying funds.

Issuer	Shares	Value
Investment Companies 100.01%		$1,692,148,929
(Cost $1,619,749,654)
John Hancock Funds II
500 Index Fund Class NAV	3,041,572	$33,670,198
Active Bond Fund Class NAV	13,997,798	135,358,708
Blue Chip Growth Fund Class NAV	4,670,034	84,434,208
Core Bond Fund Class NAV	2,678,635	33,670,446
Core Equity Fund Class NAV	3,386,301	50,591,341
Equity-Income Fund Class NAV	1,938,622	33,732,016
Fundamental Value Fund Class NAV	3,306,630	50,591,443
Global Bond Fund Class NAV	7,108,529	101,865,221
High Yield Fund Class NAV	16,305,961	169,255,873
International Equity Index Fund Class NAV	1,916,192	33,839,943
International Opportunities Fund Class NAV	1,094,170	17,090,928
International Stock Fund Class NAV	6,459,572	85,330,948
International Value Fund Class NAV	3,068,050	50,592,147
Investment Quality Bond Fund Class NAV	2,831,829	33,670,447
Real Estate Securities Fund Class NAV	2,541,972	68,023,180
Real Return Bond Fund Class NAV	5,030,821	67,513,622
Small Cap Fund Class NAV	1,112,564	17,011,097
Small Company Fund Class NAV	1,999,295	34,067,987
Small Company Value Fund Class NAV	709,741	17,140,244
Spectrum Income Fund Class NAV	11,539,314	118,277,966
Strategic Bond Fund Class NAV	7,036,975	84,443,701
Total Return Fund Class NAV	14,762,334	203,277,335
U.S. Government Securities Fund Class NAV	2,475,768	33,670,451
U.S. High Yield Bond Fund Class NAV	2,572,228	33,670,466

See notes to
financial statements.

10

F I N A N C I A L   S TAT E M E N T S

Issuer	Shares	Value
John Hancock Funds II – continued
U.S. Multi Sector Fund Class NAV	6,345,195	$67,512,877
Value & Restructuring Fund Class NAV	3,027,383	33,846,136
Total investments 100.01%		$1,692,148,929
Liabilities in excess of other assets (0.01)%		($139,396)
Total net assets 100.00%		$1,692,009,533

Percentages are stated as a percent of net assets of the Fund.

See notes to
financial statements.

11

F I N A N C I A L   S TAT E M E N T S

ASSETS AND
LIABILITIES

February 28, 2006
(unaudited)

This Statement
of Assets and
Liabilities is the
Fund’s balance
sheet. It shows
the value of
what the Fund
owns, is due
and owes. You’ll
also find the net
asset value and
the maximum
offering price
per share.

Assets
Investments in affiliated funds, at value
(cost $1,619,749,654)	$1,692,148,929
Receivable for investments sold	213
Receivable for shares sold	1,427,117
Receivable from affiliates	60,558
Other assets	3,299
Total assets	1,693,640,116
Liabilities
Due to custodian	39,335
Payable for investments purchased	1,382,892
Payable for shares repurchased	165
Payable to affiliates
Fund administration fees	31,471
Transfer agent fees	2,208
Other payables and accrued expenses	174,512
Total liabilities	1,630,583
Net assets
Capital paid-in	1,618,785,880
Accumulated net realized gain on investments	1,351,135
Net unrealized appreciation on investments	72,399,275
Distributions in excess of net investment income	(526,757)
Net assets	$1,692,009,533
Net asset value per share
Based on net asset values and shares outstanding —
the Fund has an unlimited number of shares
authorized with no par value
Class A ($5,727,908 ÷ 422,763 shares)	$13.55
Class B ($1,629,029 ÷ 120,315 shares)	$13.54
Class C ($3,654,723 ÷ 269,906 shares)	$13.54
Class R3 ($104,657 ÷ 7,728 shares)	$13.54
Class R4 ($107,410 ÷ 7,928 shares)	$13.55
Class R5 ($503,368 ÷ 37,129 shares)	$13.56
Class 1 ($1,680,282,438 ÷ 124,066,106 shares)	$13.54
Maximum offering price per share
Class Aa ($13.55 ÷ 95%)	$14.26

^a On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.

See notes to
financial statements.

12

F I N A N C I A L   S TAT E M E N T S

OPERATIONS

For the period ended
February 28, 2006^a
(unaudited)

This Statement
of Operations
summarizes the
Fund’s investment
income earned and
expenses incurred
in operating the
Fund. It also shows
net gains (losses) for
the period stated.

Investment income
Income distributions received from affiliated underlying funds	$11,931,752
Total investment income	11,931,752
Expenses
Investment management fees (Note III)	231,199
Distribution and service fees (Note III)	280,506
Transfer agent fees (Note III)	2,501
Blue sky fees (Note III)	33,084
Printing and postage fees (Note III)	29,192
Fund administration fees (Note III)	31,533
Audit and legal fees	11,639
Custodian fees	4,268
Trustees’ fees (Note III)	5,203
Registration and filing fees	91,282
Miscellaneous	5,527
Total expenses	725,934
Less expense reductions (Note III)	(60,849)
Net expenses	665,085
Net investment income	11,266,667
Realized and unrealized gain
Net realized gain on investments	1,213,409
Capital gain distributions received from affiliated
underlying funds	137,726
Change in net unrealized appreciation of investments	72,399,275
Net realized and unrealized gain	73,750,410
Increase in net assets from operations	$85,017,077

^aPeriod from 10-15-05 (commencement of operations) to 2-28-06.

See notes to
financial statements.

13

F I N A N C I A L   S TAT E M E N T S

CHANGES IN
NET ASSETS

These Statements
of Changes in Net
Assets show how
the value of the
Fund’s net assets
has changed since
the inception of
the Fund. The
difference reflects
earnings less
expenses, any
investment
gains and losses,
distributions, if
any, paid to
shareholders and
the net of Fund
share transactions.

	Period
	ended
	2-28-06a
Increase (decrease) in net assets
From operations
Net investment income	$11,266,667
Net realized gain	1,351,135
Change in net unrealized appreciation	72,399,275
Increase in net assets resulting
from operations	85,017,077
Distributions to shareholders
From net investment income
Class A	(9,583)
Class B	(2,422)
Class C	(6,068)
Class R3	(653)
Class R4	(704)
Class R5	(1,434)
Class 1	(11,772,560)
	(11,793,424)
From Fund share transactions	1,618,785,880
Net assets
End of period	$1,692,009,533
Distributions in excess of net investment income	($526,757)

^a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on 10-15-05. Unaudited.

See notes to
financial statements.

14

F I N A N C I A L   H I G H L I G H T S

FINANCIAL
HIGHLIGHTS

CLASS A SHARES

The Financial Highlights show how the Fund’s net asset value for a
share has changed since the commencement of operations of the Fund.

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.94
Net investment incomeh	0.04
Net realized and unrealized
gain on investments	0.66
Total from
investment operations	0.70
Less distributions
From net investment income	(0.09)
	(0.09)
Net asset value, end of period	$13.55
Total returnk,l (%)	5.42m
Ratios and supplemental data
Net assets, end of period
(in millions)	$6
Ratio of net expenses
to average net assetsq (%)	0.61r
Ratio of gross expenses
to average net assetsp,q (%)	3.03r
Ratio of net investment income
to average net assetsv (%)	0.89r
Portfolio turnover (%)	3m

See notes to
financial statements.

15

F I N A N C I A L   H I G H L I G H T S

CLASS B SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.94
Net investment incomeh	—j
Net realized and unrealized
gain on investments	0.67
Total from
investment operations	0.67
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$13.54
Total returnk,l (%)	5.20m
Ratios and supplemental data
Net assets, end of period
(in millions)	$2
Ratio of net expenses
to average net assetsq (%)	1.32r
Ratio of gross expenses
to average net assetsp,q (%)	5.46r
Ratio of net investment income
to average net assetsv (%)	0.06r
Portfolio turnover (%)	3m

See notes to
financial statements.

16

F I N A N C I A L   H I G H L I G H T S

CLASS C SHARES

Period ended	2-28-06 a
Per share operating performance
Net asset value,
beginning of period	$12.94
Net investment incomeh	0.01
Net realized and unrealized
gain on investments	0.66
Total from
investment operations	0.67
Less distributions
From net investment income	(0.07)
	(0.07)
Net asset value, end of period	$13.54
Total returnk,l (%)	5.20m
Ratios and supplemental data
Net assets, end of period
(in millions)	$4
Ratio of net expenses
to average net assetsq (%)	1.33r
Ratio of gross expenses
to average net assetsp,q (%)	4.19r
Ratio of net investment income
to average net assetsv (%)	0.18r
Portfolio turnover (%)	3m

See notes to
financial statements.

17

F I N A N C I A L   H I G H L I G H T S

CLASS R3 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.94
Net investment incomeh	0.06
Net realized and unrealized
gain on investments	0.62
Total from
investment operations	0.68
Less distributions
From net investment income	(0.08)
	(0.08)
Net asset value, end of period	$13.54
Total returnk,l (%)	5.31m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.73r
Ratio of gross expenses
to average net assetsp,q (%)	17.99r
Ratio of net investment income
to average net assetsv (%)	1.33r
Portfolio turnover (%)	3m

See notes to
financial statements.

18

F I N A N C I A L   H I G H L I G H T S

CLASS R4 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.94
Net investment incomeh	0.08
Net realized and unrealized
gain on investments	0.62
Total from
investment operations	0.70
Less distributions
From net investment income	(0.09)
	(0.09)
Net asset value, end of period	$13.55
Total returnk,l (%)	5.44m
Ratios and supplemental data
Net assets, end of period
(in millions)	—i
Ratio of net expenses
to average net assetsq (%)	0.48r
Ratio of gross expenses
to average net assetsp,q (%)	17.71r
Ratio of net investment income
to average net assetsv (%)	1.58r
Portfolio turnover (%)	3m

See notes to
financial statements.

19

F I N A N C I A L   H I G H L I G H T S

CLASS R5 SHARES

Period ended	2-28-06a
Per share operating performance
Net asset value,
beginning of period	$12.94
Net investment incomeh	0.03
Net realized and unrealized
gain on investments	0.69
Total from
investment operations	0.72
Less distributions
From net investment income	(0.10)
	(0.10)
Net asset value, end of period	$13.56
Total returnk,l (%)	5.57m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1
Ratio of net expenses
to average net assetsq (%)	0.22r
Ratio of gross expenses
to average net assetsp,q (%)	7.38r
Ratio of net investment income
to average net assetsv (%)	0.71r
Portfolio turnover (%)	3m

See notes to
financial statements.

20

F I N A N C I A L   H I G H L I G H T S

CLASS 1 SHARES

Period ended	2-28-06 a
Per share operating performance
Net asset value,
beginning of period	$12.93
Net investment incomeh	0.10
Net realized and unrealized
gain on investments	0.61
Total from
investment operations	0.71
Less distributions
From net investment income	(0.10)
	(0.10)
Net asset value, end of period	$13.54
Total returnk (%)	5.50m
Ratios and supplemental data
Net assets, end of period
(in millions)	$1,680
Ratio of net expenses
to average net assetsq (%)	0.12r
Ratio of net investment income
to average net assetsv (%)	2.08r
Portfolio turnover (%)	3m

a	Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1
	shares began operation on 10-15-05. Unaudited.
h	Based on the average of the shares outstanding.
i	Less than $500,000.
j	Less than $0.01 per share.
k	Assumes dividend reinvestment and does not reflect the effect of sales charges.
l	Total returns would have been lower had certain expenses not been reduced during the period shown.
m Not annualized.
p	Does not take into consideration expense reductions during the period shown.
q	Does not include expenses of the investment companies in which the Fund invests.
r	Annualized.
v	Recognition of net investment income by the Fund is affected by the timing of the declaration of dividends by
	the underlying investment companies in which the Fund invests.

See notes to
financial statements.

21

NOTES TO
STATEMENTS

Unaudited

I. Organization

The John Hancock Lifestyle Moderate Portfolio (the “Fund”) is a non-diversified series of John Hancock Funds II (the “Trust”), an open-end management investment company registered under the Investment Company Act of 1940, as amended.

The Fund operates as a “fund of funds”, which invests in shares of mutual funds (“underlying funds”) managed by affiliates of John Hancock Investment Management Services, LLC (the “Adviser”). The Adviser is a wholly owned subsidiary of Manulife Financial Corporation (“MFC”). Each underlying fund’s accounting policies are outlined in the underlying fund’s shareholder report, available without charge by calling 1-800-344-1029 or on the Securities and Exchange Commission (“SEC”) Internet site at www.sec.gov, File # 811-21779, CIK 0001331971.

The Trustees have authorized the issuance of multiple classes of shares of the Fund, including classes designated as Class A, Class B, Class C, Class R3, Class R4, Class R5, and Class 1 shares. The shares of each class represent an interest in the same portfolio of investments of the Fund, and have equal rights as to voting, redemptions, dividends and liquidation, except that certain expenses, subject to the approval of the Trustees, may be applied differently to each class of shares in accordance with current regulations of the Securities and Exchange Commission and the Internal Revenue Service. Shareholders of a class that bears distribution and service expenses under the terms of a distribution plan have exclusive voting rights to that distribution plan.

At February 28, 2006 John Hancock USA, an indirect subsidiary of MFC, owned 7,734 Class B, Class R3, Class R4 and Class R5 shares of beneficial interest of the Fund.

II. Significant accounting policies

In the preparation of the financial statements, the Fund follows the policies described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Securities valuation

The net asset value of the shares of the Fund is determined daily as of the close of the New York Stock Exchange, normally at 4:00 P.M. Eastern Time. Investments in underlying funds are valued at their respective net asset values each business day, or at fair value as determined in good faith in accordance with procedures approved by the Trustees.

22

Securities in the underlying funds’ portfolios are valued in accordance with their respective valuation polices, as outlined in the underlying funds’ financial statements. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost.

Repurchase agreements

The Fund may enter into repurchase agreements. When a Fund enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. The Fund will take constructive receipt of all securities underlying the repurchase agreements it has entered into until such agreements expire. If the seller defaults, a Fund would suffer a loss to the extent that proceeds from the sale of underlying securities were less than the repurchase amount. The Fund may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be creditworthy by the Adviser. Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty.

Security transactions and related investment income

Investment security transactions are accounted for on a trade date basis. Interest income is accrued as earned. Dividend income on investment securities is recorded on the ex-dividend date.

Multi-class operations

All income, expenses (except for class-specific expenses) and realized and unrealized gains (losses) are allocated to each class of shares based upon the relative net assets of each class. Dividends to shareholders from net investment income are determined at a class level and distributions from capital gains are determined at a Fund level.

Expense allocation

Expenses not directly attributable to a particular Fund or class of shares are allocated based on the relative share of net assets of the Fund at the time the expense was incurred. Class-specific expenses, such as transfer agency fees, blue sky fees, printing and postage fees and distribution and service fees, are accrued daily and charged directly to the respective share classes. Expenses in the Fund’s Statements of Operations reflect the expenses of the Fund and do not include any indirect expenses related to the underlying funds. Because the underlying funds have varied expense levels and the Fund may own different proportions of the underlying funds at different times, the amount of fees and expenses incurred indirectly by the Fund will vary.

Federal income taxes

The Fund qualifies as a “regulated investment company” by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

Distribution of income and gains

The Fund records distributions to shareholders from net investment income and net realized gains, if any, on the ex-dividend date. Distributions paid by the Fund with respect to each class of shares are calculated in the same manner, at the same time and are in the same amount, except for the effect of expenses that may be applied differently to each class. Such distributions, on a tax basis, are determined in conformity with income tax regulations, which may differ from accounting principles generally accepted in the United States of America. Distributions in excess of tax basis earnings and profits, if any, are reported in the Fund’s financial statements as a return of capital.

23

Capital accounts

The Fund reports the undistributed net investment income and accumulated undistributed net realized gain (loss) accounts on a basis approximating amounts available for future tax distributions (or to offset future taxable realized gains when a capital loss carryfor-ward is available). Accordingly, the Fund may periodically make reclassifi-cations among certain capital accounts, without affecting its net asset value.

III. Investment advisory and other agreements

Advisory fees

The Trust has entered into an Investment Advisory Agreement with the Adviser. The Adviser is responsible for managing the corporate and business affairs of the Trust and for selecting and compensating subadvisers to handle the investment and reinvestment of the assets of the Fund, subject to the supervision of the Board of Trustees. Under the Advisory Agreement the Fund pays a monthly management fee to the Adviser equivalent, on an annual basis, to the sum of: (a) 0.05% of the first $7,500,000,000 of the Fund’s aggregate daily net assets and (b) 0.04% of the Fund’s aggregate daily net assets in excess of $7,500,000,000. Aggregate net assets include the net assets of the five Lifestyle Portfolios of the Trust (the Lifestyle Aggressive, the Lifestyle Balanced, the Lifestyle Conservative, the Lifestyle Growth and the Lifestyle Moderate) and the five Lifestyle Portfolios of John Hancock Trust (the Lifestyle Aggressive 1000, the Lifestyle Growth 820, the Lifestyle Balanced 640, the Lifestyle Moderate 460 and the Lifestyle Conservative 280). The Fund is not responsible for payment of the subadvisory fees.

Expense reimbursements

The Adviser has contractually agreed to waive advisory fees or reimburse Fund’s expenses for Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares to the extent that blue sky fees and printing and postage expenses attributable to each class exceed 0.09% of the average annual net assets attributable to the classes, at least until November 1, 2006. Accordingly, the expense reductions related to this expense limitation amounted to $15,965, $9,380, $14,314, $6,511, $6,512 and $7,876 for Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares, respectively, for the period ended February 28, 2006. The Adviser reserves the right to terminate this limitation in the future.

Administration fees

The Fund has an agreement with the Adviser that requires the Fund to reimburse the Adviser for all expenses associated with providing the administrative, financial, accounting and recordkeeping services of the Fund, including the preparation of all tax returns, annual, semiannual and periodic reports to shareholders and the preparation of all regulatory reports.

Distribution plans

The Trust has a Distribution Agreement with John Hancock Funds, LLC (“JH Funds”), a wholly-owned subsidiary of the Adviser. The Fund has adopted Distribution Plans with respect to Class A, Class B, Class C, Class R3, Class R4 and Class 1, pursuant to Rule 12b-1 under the Investment Company Act of 1940, to reimburse JH Funds for the services it provides as distributor of shares of the Fund. Accordingly, the Fund makes monthly payments to JH Funds at an annual rate not to exceed 0.30%, 1.00%, 1.00%, 0.50%, 0.25%, and 0.05% of average daily net asset value of Class A, Class B, Class C, Class R3, Class R4 and Class 1, respectively. A maximum of 0.25% of such payments may be service fees, as defined by the Conduct Rules of the National Association of Securities Dealers. Under the Conduct Rules, curtailment

24

of a portion of the Fund’s 12b-1 payments could occur under certain circumstances.

The Fund has also adopted a Service Plan with respect to Class R3, Class R4 and Class R5 shares (the “Service Plan”). Under the Service Plan, the Fund pays up to 0.15%, 0.10% and 0.05% of average daily net assets of Class R3, Class R4 and Class R5 shares, respectively, for certain other services. There were no servicing fees during the period ended February 28, 2006.

Sales charges

Class A shares are assessed up-front sales charges. During the period ended February 28, 2006, JH Funds received net up-front sales charges of $105,962 with regard to sales of Class A shares. Of this amount, $17,785 was retained and used for printing prospectuses, advertising, sales literature and other purposes, $84,953 was paid as sales commissions to unrelated broker-dealers and $3,224 was paid as sales commissions to sales personnel of Signator Investors, Inc. (“Signator Investors”), a related broker-dealer, an indirect subsidiary of MFC.

Class B shares that are redeemed within six years of purchase are subject to a contingent deferred sales charge (“CDSC”) at declining rates, beginning at 5.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Class C shares that are redeemed within one year of purchase are subject to a CDSC at a rate of 1.00% of the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from the CDSCs are paid to JH Funds and are used, in whole or in part, to defray its expenses for providing distribution-related services to the Fund in connection with the sale of Class B and Class C shares. During the period ended February 28, 2006, CDSCs received by JH Funds amounted to $111 for Class B shares and $31 for Class C shares.

Transfer agent fees

The Fund has a Transfer Agency Agreement with John Hancock Signature Services, Inc. (“Signature Services”), an indirect subsidiary of MFC. For Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares, the Fund pays a monthly transfer agent fee at an annual rate of 0.05% of each class’s average daily net assets, plus a fee based on the number of shareholder accounts and reimbursement for certain out-of-pocket expenses. Expenses not directly attributable to a particular class of shares are aggregated and allocated to each class on the basis of its relative net asset value.

Signature Services has agreed to limit the transfer agent fees so that such fees do not exceed 0.20% annually of Class A, Class B, Class C, Class R3, Class R4 and Class R5 share average daily net assets. This agreement is effective until December 31, 2006. Signature Services reserves the right to terminate this limitation in the future. In addition, Signature Service has voluntarily agreed to further limit transfer agent fees for Class R3, Class R4 and Class R5 shares so that such fees do not exceed 0.05% annually of each class’s average daily net assets. Accordingly, the transfer agent fees reductions amounted to $66, $66 and $159 for Class R3, Class R4 and Class R5 shares, respectively, during the period ended February 28, 2006. Signature Services reserves the right to terminate this limitation at any time.

25

Expenses under the agreements described above for the period ended February 28, 2006, were as follows:

	Distribution	Transfer		Printing and
Share Class	fees	agent	Blue sky	postage
Class A	$1,980	$962	$5,514	$11,105
Class B	2,263	352	5,514	4,089
Class C	5,000	799	5,514	9,293
Class R3	187	88	5,514	1,034
Class R4	94	88	5,514	1,035
Class R5	N/A	212	5,514	2,477
Class 1	270,982	—	—	159
Total	$280,506	$2,501	$33,084	$29,192

Trustees’ fees

The Trust compensates each Trustee who is not an employee of the Adviser or its affiliates. Total Trustees’ expenses are allocated based on each fund’s average daily net asset value.

IV. Guarantees and indemnifications

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

26

V. Capital shares

Share activities for the Fund for the period ended February 28, 2006 were as follows:

		Period ended 2-28-06a
	Shares		Amount
Class A shares
Sold	424,140		$5,685,096
Distributions reinvested	619		8,199
Repurchased	(1,996)		(26,871)
Net increase	422,763		$5,666,424
Class B shares
Sold	126,066		$1,686,357
Distributions reinvested	100		1,326
Repurchased	(5,851)		(78,522)
Net increase	120,315		$1,609,161
Class C shares
Sold	269,816		$3,609,472
Distributions reinvested	370		4,904
Repurchased	(280)		(3,766)
Net increase	269,906		$3,610,610
Class R3 shares
Sold	7,728		$100,000
Net increase	7,728		$100,000
Class R4 shares
Sold	7,928		$102,708
Net increase	7,928		$102,708
Class R5 shares
Sold	37,291		$493,469
Distributions reinvested	51		680
Repurchased	(213)		(2,839)
Net increase	37,129		$491,310
Class 1 shares
Sold	124,779,209		$1,616,805,883
Distributions reinvested	890,511		11,772,560
Repurchased	(1,603,614)		(21,372,776)
Net increase	124,066,106		$1,607,205,667
Net increase	124,931,875		$1,618,785,880

a Class A, Class B, Class C, Class R3, Class R4 and Class R5 shares began operations on 10-18-05 and Class 1 shares began operation on10-15-05.

27

VI.Investment transactions

Purchases and proceeds from sales or maturities of securities, other than short-term securities and obligations of the U.S. government, during the period ended February 28, 2006, aggregated $1,665,544,509 and $47,008,263, respectively.

The cost of investment owned on February 28, 2006, including short-term investments, for federal income tax purposes, was $1,619,749,654. Gross unrealized appreciation and depreciation of investments aggregated $73,173,594 and $774,319, respectively, resulting in net unrealized appreciation of $72,399,275. The difference between book basis and tax basis net unrealized appreciation of investments is attributable primarily to the tax deferral of losses on certain sales of securities.

VII. Investment in affiliated underlying funds

The Fund invests primarily in the underlying funds that are managed by affili-ates of the Adviser. The Fund does not invest in the underlying funds for the purpose of exercising management or control.

A summary of the Fund’s transactions in the securities of affiliated issuers in which the Fund’s holdings represent 5% or more of the outstanding voting securities of the issuer, during the period ended February 28, 2006 is set forth below.

Affiliate —	Shares	Shares	Ending Share		Ending
Class NAV	Purchased	Sold	Amount	Proceeds	Value
500 Index	3,043,119	1,547	3,041,572	$31,520,122	$33,670,198
Active Bond	14,019,607	21,809	13,997,798	134,296,857	135,358,708
Blue Chip Growth	4,747,229	77,195	4,670,034	78,135,089	84,434,208
Core Bond	2,678,730	95	2,678,635	33,453,791	33,670,446
Core Equity	3,532,669	146,368	3,386,301	46,995,290	50,591,341
Equity-Income	1,938,689	67	1,938,622	31,325,676	33,732,016
Fundamental Value	3,306,735	105	3,306,630	48,219,352	50,591,443
Global Bond	7,133,322	24,793	7,108,529	102,645,352	101,865,221
High Yield	16,414,973	109,012	16,305,961	164,533,493	169,255,873
International
Equity Index	1,996,893	80,701	1,916,192	29,839,603	33,839,943
International
Opportunities	1,182,874	88,704	1,094,170	14,834,823	17,090,928
International Stock	6,907,567	447,995	6,459,572	76,352,077	85,330,948
International Value	3,134,085	66,035	3,068,050	45,969,771	50,592,147
Investment Quality Bond	2,832,430	601	2,831,829	33,453,999	33,670,447
Real Estate Securities	2,657,671	115,699	2,541,972	59,413,198	68,023,180
Real Return Bond	5,040,200	9,379	5,030,821	67,253,684	67,513,622
Small Cap	1,147,524	34,960	1,112,564	14,911,790	17,011,097
Small Company	2,057,573	58,278	1,999,295	30,226,524	34,067,987
Small Company Value	721,056	11,315	709,741	15,063,271	17,140,244
Spectrum Income	11,553,026	13,712	11,539,314	115,533,476	118,277,966
Strategic Bond	7,043,443	6,468	7,036,975	83,250,657	84,443,701
Total Return	14,836,478	74,144	14,762,334	201,346,320	203,277,335
U.S. Government
Securities	2,797,295	321,527	2,475,768	33,461,861	33,670,451
U.S. High Yield Bond	2,572,319	91	2,572,228	32,869,992	33,670,466
U.S. Multi Sector	6,345,371	176	6,345,195	63,597,486	67,512,877
Value & Restructuring	3,092,492	65,109	3,027,383	30,285,064	33,846,136

28

Evaluation of Advisory and Subadvisory Agreement by the Board of Trustees (unaudited)

This section describes the evaluation by the Board of Trustees of the Advisory Agreement and each of the Subadvisory Agreements.

Evaluation by the Board of Trustees

The Board, including the Independent Trustees, is responsible for selecting the Trust’s investment adviser, John Hancock Investment Management Services, LLC (the “Adviser” or “JHIMS”), approving the Adviser’s selection of subadvisers for each series of the Trust (the “Funds”) and approving the Trust’s advisory and subadvisory agreements, their periodic continuation and any amendments. Consistent with SEC rules, the Board will regularly evaluate the Trust’s advisory and subadvisory arrangements, including consideration of the six factors listed below. The Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. The Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, the Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel. The six factors to be regularly considered by the Board are:

1. the nature, extent and quality of the services to be provided by the Adviser to the Trust and by the subadvisers to the Funds;

2. the investment performance of the Funds and their subadvisers;

3. the extent to which economies of scale would be realized as a Fund grows;

4. whether fee levels reflect these economies of scale for the benefit of Trust shareholders;

5. the costs of the services to be provided and the profits to be realized by the Adviser and its affiliates from the Adviser’s relationship with the Trust; and

6. comparative services rendered and comparative advisory and subadvisory fee rates.

The Board believes that information relating to all six factors is relevant to its evaluation of the Trust’s advisory agreement. With respect to its evaluation of subadvisory agreements, the Board believes that, in view of the Trust’s “manager-of-managers” advisory structure: factors (1), (2) and (6) are of primary relevance; factors (3) and (4) generally are less significant to the Trustees’ considerations because subad-visory fees are paid to subadvisers by the Adviser and not directly by the Funds, and issues pertaining to economies of scale are considered in connection with the approval of the advisory fees that are paid directly by the Funds; and with respect to those subadvisers that are not affiliated with the Adviser, because the Board relies on the ability of the Adviser to negotiate the subadvisory fees at arms-length, factor (5) generally is also less significant to the Trustees’ considerations except in those circumstances in which such attention may be warranted because the comparative fee information considered in connection with factor (6) indicates that the subadvisory fees will materially exceed those normally charged under comparable circumstances.

29

In evaluating subadvisory arrangements, the Board also considers other material business relationships that unaffiliated subadvisers and their affili-ates have with the Adviser or its affiliates, including the involvement by certain affiliates of certain subadvisers in the distribution of financial products, including shares of the Trust, offered by the Adviser and other affiliates of the Adviser (“Material Relationships”).

Approval of Advisory Agreement

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Advisory Agreement between the Trust and JHIMS with respect to each of the Funds.

In approving the Advisory Agreement, and with reference to the six factors that it considers, the Board:

1(a) considered the high value to the Trust of JHIMS’s long relationship with investment companies within the same fund complex as the Trust, the skills and competency which JHIMS has demonstrated in managing the affairs and subadvisory relationships of these other investment companies, JHIMS’s ability to oversee and monitor the subadvis-ers’ investment performance and compliance programs and the qualifications of JHIMS’ personnel,

(b) considered JHIMS’s compliance policies and procedures and its responsiveness to regulatory changes and mutual fund industry developments, and

(c) considered JHIMS’s administrative capabilities, including its ability to supervise the other service providers for the Funds and concluded that JHIMS may reasonably be expected to ably perform its services under the Advisory Agreement;

2 reviewed the investment performance of comparably managed funds of each of the Funds; the comparative performance of their respective benchmarks and comparable funds (i.e., funds having approximately the same investment objective); and JHIMS’ analysis of such performance and its plans and recommendations regarding the Trust’s subadvisory arrangements generally and with respect to particular Funds; and concluded that each of the comparably managed funds has generally performed well or within a range that the Board deemed competitive except as discussed in Appendix A, and that JHIMS may reasonably be expected to ably monitor the performance of the Funds and each of their subadvisers;

3 & 4 reviewed the Trust’s advisory fee structure and the incorporation therein of any subadvisory fee breakpoints in the advisory fees charged and concluded (a) that to the extent that Funds have subad-visory fees with breakpoints, those breakpoints are reflected as breakpoints in the advisory fees for Funds, (b) that all Funds with a subadviser that is not affiliated with the Adviser have subadvisory fees which are the product of arms-length negotiations between the Adviser and the subadviser and which in many, but not all, cases contain breakpoints, and (c) that, although economies of scale cannot be measured with precision, these arrangements permit shareholders of Funds with advisory fee breakpoints to benefit from economies of scale if those Funds grow;

5 (a) reviewed the financial statements of JHIMS and John Hancock Life Insurance Company (U.S.A.) (“JHLICO (U.S.A.)”) and considered an analysis presented by JHIMS

30

regarding the estimated net profitability to JHIMS of the advisory fee structure;

(b) reviewed the profitability of the JHIMS’ relationship with the Funds in terms of the total amount of annual advisory fees it is estimated to receive with respect to the Funds and whether JHIMS has the financial ability to provide a high level of services to the Funds,

(c) considered that JHIMS will derive reputational and other indirect benefits from providing advisory services to the Funds, and

(d) noted that JHIMS will pay the sub-advisory fees out of the advisory fees JHIMS receives from the Funds and concluded that the advisory fees to be paid by the Trust with respect to the Funds are not unreasonable in light of such information; and

6 reviewed comparative information with respect to the proposed advisory fee rates and concluded that the Trust’s anticipated advisory fees are within the range of those incurred by other comparable funds and that the Trust’s advisory structure is thus competitive within the industry. In considering the proposed advisory fee rates, the Board took into account the high level of services expected to be provided to the Funds and the other factors considered.

Additional information that the Board considered for a particular Fund is set forth in Appendix A.

Approval of Subadvisory Agreements

At its meeting on September 21, 2005, the Board, including all the Independent Trustees, approved the Subadvisory Agreements.

In making its determination with reference to these respective factors, the Board reviewed:

1 information relating to each subad-viser’s business, which may include information such as: business performance, representative clients, assets under management, financial stability, personnel and, if applicable, past sub-advisory services to affiliated funds of the Trust;

2 the investment performance of comparatively managed funds of the Fund and comparative performance information relating to the comparatively managed fund’s benchmark and comparable funds;

3 the proposed subadvisory fee for each Fund and comparative fee information; and

4 information relating to the nature and scope of Material Relationships and their significance to the Trust’s adviser and unaffiliated subadvisers.

The Board’s decision to approve each Subadvisory Agreement was based on a number of determinations, including the following:

1 The Subadviser has extensive experience and demonstrated skills as a manager;

2 Although not without variation, the current and historical performance of the comparably managed funds of Subadviser to the Funds generally has been within the range of the current and historical performance of comparable funds and the comparably managed funds’ respective benchmarks;

3 With respect to each subadviser that is not affiliated with the Adviser, the subadvisory fees are a product of arms-length negotiation between the

31

Adviser and the subadviser and generally are within the range of industry norms; and

4 The Material Relationships consist of arrangements in which unaffiliated subadvisers or their affiliates provide advisory, distribution or management services in connection with financial products sponsored by the Trust’s adviser or its affiliates, which may include other registered investment companies, a 529 education savings plan, managed separate accounts and exempt group annuity contracts sold to qualified plans, and which in no case contained elements that would cause the Board to conclude that approval of the subadvisory agreement with the subadviser would be inappropriate.

Additional information that the Board considered for a particular fund is set forth below.

	Performance of
	Comparable Funds	Estimated Fees
Fund	as of June 30, 2005	and Expenses
Lifestyle Moderate	Performance of the	Advisory fees for this Fund
	Lifestyle Moderate 460	are lower than its peer
(MFC Global	Trust of JHT has	group median.
Investment	outperformed its
Management	benchmark index over	Total expenses for this
(U.S.A.) Limited	the one, three and five	Fund are higher than its
	year periods.	peer group median.

32

For more information

The Portfolio’s proxy voting policies, procedures and records are available without charge, upon request:

By phone	On the Fund’s Web site	On the SEC’s Web site
1-800-225-5291	www.jhfunds.com/proxy	www.sec.gov
Trustees	Gordon M. Shone	Principal distributor
James M. Oates, Chairman*	Vice President and Treasurer	John Hancock Funds, LLC
Charles L. Bardelis *	Betsy A. Seel	601 Congress Street
James R. Boyle†	Assistant Vice President,	Boston, MA 02210-2805
Peter S. Burgess *	Secretary and
Elizabeth G. Cook	Chief Legal Officer	Custodian
William H. Cunningham	George Boyd	State Street Bank & Trust Co.
Charles L. Ladner *	Senior Counsel, Assistant	225 Franklin Street
Hassell H. McClellan	Vice President and	Boston, MA 02110
*Members of the Audit Committee	Assistant Secretary
†Non-Independent Trustee	Francis V. Knox, Jr.	Transfer agent
	Vice President and Chief	John Hancock Signature
Officers	Compliance Officer	Services, Inc.
Keith F. Hartstein		1 John Hancock Way,
President	Investment adviser	Suite 1000
John G. Vrysen	John Hancock Investment	Boston, MA 02217-1000
Executive Vice President and	Management Services, LLC
Chief Financial Officer	601 Congress Street	Legal counsel
	Boston, MA 02210-2805	Kirkpatrick & Lockhart
		Nicholson Graham LLP
		1 Lincoln Street
		Boston, MA 02111

The Portfolio’s investment objective, risks, charges and expenses are included in the prospectus and should be considered carefully before investing. For a prospectus, call your financial professional, call John Hancock Funds at 1-800-225-5291, or visit the Portfolio’s Web site at www.jhfunds.com. Please read the prospectus carefully before investing or sending money.

How to contact us
Internet	www.jhfunds.com
Mail	Regular mail:	Express mail:
	John Hancock	John Hancock
	Signature Services, Inc.	Signature Services, Inc.
	1 John Hancock Way, Suite 1000	Mutual Fund Image Operations
	Boston, MA 02217-1000	380 Stuart Street
		Boston, MA 02116
Phone	Customer service representatives	1-800-225-5291
	24-hour automated information	1-800-338-8080
	TDD line	1-800-554-6713

A listing of month-end portfolio holdings is available on our Web site, www.jhfunds.com. A more detailed portfolio holdings summary is available on a quarterly basis 60 days after the fiscal quarter on our Web site or upon request by calling 1-800-225-5291, or on the Securities and Exchange Commission’s Web site, www.sec.gov.

33

ITEM 2. CODE OF ETHICS.

(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not Applicable

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(a)Not Applicable
(b)Not Applicable
(c)Not Applicable
(d)Not Applicable
(e)Not Applicable
(f)Not Applicable
(g)Not Applicable
(h)Not Applicable

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not Applicable

ITEM 6. SCHEDULE OF INVESTMENTS.

Included with Item 1.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END
MANAGEMENT INVESTMENT COMPANIES.

Not Applicable

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not Applicable

ITEM 9. PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT
COMPANIES AND AFFILIATED PURCHASES.

Not Applicable

ITEM 10. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS.

Not Applicable

ITEM 11. CONTROLS AND PROCEDURES.

(a)Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b) There was no change in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 12. EXHIBITS.

(A) NOT APPLICABLE

(B)(1) CERTIFICATIONS PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 OF KEITH F. HARTSTEIN, PRESIDENT (CHIEF EXECUTIVE OFFICER) AND JOHN G. VRYSEN, CHIEF FINANCIAL OFFICER

(B)(2) CERTIFICATIONS PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 OF KEITH F. HARTSTEIN, PRESIDENT (CHIEF EXECUTIVE OFFICER) AND JOHN G. VRYSEN, CHIEF FINANCIAL OFFICER

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Funds II

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

Date: May 8, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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

Date: May 8, 2006

/s/ John G. Vrysen
Chief Financial Officer

Date: May 8, 2006