N-Q 1 a_jhfundsii.htm JOHN HANCOCK FUNDS II a_jhfundsii.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM N-Q
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
  
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
(Address of principal executive offices) (Zip code)
 
GORDON M. SHONE, 601 CONGRESS STREET, BOSTON, MA 02210
(Name and address of agent for service)

Registrant’s telephone number, including area code: 617-663-2168

Date of fiscal year end: August 31
Date of reporting period: November 30, 2008

Item 1. Schedule of Investments.


JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited)
(showing percentage of total net assets)

Floating Rate Income Fund

    Shares or   
    Principal   
    Amount  Value 
 
TERM LOANS - 88.74%       
 
Aerospace - 2.00% 

 

    
Dubai Aerospace Enterprise, Term Loan Strip       
   8.45% due 07/31/2014 (b)  $     5,979,195  $  3,408,141 
Transdigm, Term Loan B       
   4.685% due 07/01/2012 (b)       4,285,000   3,235,175 
Wesco Aircraft Add On, Term Loan       
   5.05% due 09/29/2013 (b)       1,500,000   1,150,001 
Wesco Aircraft Hardware, Term B       
   7.7563% due 09/29/2013 (b)       2,500,000   1,916,667 
       9,709,984 
 
Air Travel - 0.52%       
Hawker Beechcraft Corp., Inc., Tranche B       
   7.40% due 03/26/2014 (b)       4,872,166   2,554,408 
 
Airlines - 1.28%       
Delta Air Lines, Inc., Tranche A       
   6.377% due 04/30/2012 (b)       4,894,988   3,118,107 
United Air Lines, Inc., Tranche B       
   7.35% due 01/12/2014 (b)       6,697,519   3,094,254 
       6,212,361 
 
Aluminum - 0.56%       
Norada Aluminum, Inc., Term Loan B       
   7.35% due 05/18/2014       4,701,148   2,750,171 
 
Amusement & Theme Parks - 0.49%       
Cedar Fair LP, Tranche B       
   8.00% due 06/13/2012 (b)       3,473,350   2,365,352 
 
Apparel & Textiles - 1.40%       
Hanes Brands, Inc., Tranche B       
   7.7563% due 10/15/2013 (b)       2,000,000   1,591,876 
Iconix, Inc., Tranche B       
   7.60% due 05/01/2014 (b)       2,926,542   2,136,376 
Novelis, Inc., Term Loan       
   1.498% due 07/06/2014       5,000,000   3,090,000 
       6,818,252 
 
Auto Parts - 0.77%       
Allison Transmission, Inc., Tranche B       
   8.45% due 08/07/2014 (b)       6,259,233   3,728,713 
 
Auto Services - 1.38%       
Hertz Corp.       
   6.75% due 01/21/2012 (b)       7,186,278   4,663,097 
Visteon, Tranche B       
   8.30% due 06/20/2013 (b)       6,500,000   2,054,000 
       6,717,097 
 
Automobiles - 0.96%       
Adesa, Inc., Tranche B       
   7.60% due 09/22/2013 (b)       3,847,608   2,282,913 
Ford Motor Company, Tranche B       
   8.45% due 11/29/2013 (b)       2,984,810   1,091,587 
General Motors Corp., Tranche B       
   7.40% due 12/15/2013 (b)       3,473,478   1,293,870 
       4,668,370 
 
Broadcasting - 0.31%       
Citadel Broadcasting Corp., Tranche B       
   6.86% due 06/12/2014 (b)       3,000,000   1,080,000 

Floating Rate Income Fund (continued)

    Shares or   
    Principal   
    Amount  Value 
 
TERM LOANS (continued)       
 
Broadcasting (continued)       
CMP Susquehanna Corp.       
   7.40% due 06/07/2013 (b)  $    1,488,149 $ 424,122 
      1,504,122 
 
Building Materials & Construction - 1.14%       
Sunguard Homes, Tranche B       
   6.15% due 08/15/2012 (b)       7,941,900  5,535,751 
 
Business Services - 0.25%       
Rental Service Corp., 2nd Lien       
   8.90% due 12/01/2013 (b)       2,000,000  1,199,380 
 
Cable & Television - 8.19%       
Cablevision Systems Corp., Tranche B       
   6.45% due 03/30/2013 (b)       8,314,866  6,882,863 
Charter Communications, Inc., Tranche B       
   7.4521% due 03/15/2014 (b)     12,856,519  8,640,647 
Charter Communications, Inc., Tranche B2       
   7.8675% due 03/06/2014 (b)       3,521,566  2,685,194 
Direct TV Holdings, Inc., Tranche C       
   5.25% due 04/13/2013 (b)       7,980,000  6,975,853 
Insight Midwest Holdings LLC, Tranche B       
   7.65% due 04/10/2014 (b)       4,250,000  3,302,858 
Lodgenet Entertainment Corp., Tranche B       
   7.4521% due 04/04/2014 (b)       5,094,564  2,598,228 
Time Warner Cable, Inc.       
   8.75% due 02/14/2019       2,400,000  2,357,760 
Univision Communications, Inc., Tranche B       
   7.60% due 09/15/2014 (b)       5,625,000  2,514,375 
UPC Broadband Holding NV       
   7.10% due 03/30/2014 (b)       5,500,000  3,883,000 
      39,840,778 
 
Cellular Communications - 3.58%       
ALLTEL Communications, Inc., Tranche B2       
   5.08% due 05/15/2015 (b)       9,945,064  9,417,419 
Centennial Cellular, Tranche B       
   3.90% due 02/09/2011 (b)       3,556,722  3,334,427 
Metropcs Wireless, Inc. Tranche B       
   5.035% due 02/20/2014 (b)       5,991,094  4,641,600 
      17,393,446 
 
Chemicals - 1.54%       
Brenntag, Term Loan B       
   7.00% due 12/23/2013 (b)       2,500,000  1,825,000 
Lyondell Chemical Company       
   6.388% due 12/20/2014 (b)       4,741,263  1,928,115 
   6.446% due 12/20/2014 (b)       1,994,987  817,945 
Lyondell Chemical Company, Tranche B3       
   4.998% due 12/20/2014 (b)       7,218,737  2,916,370 
      7,487,430 
 
Commercial Services - 4.60%       
Acosta, Tranche B       
   8.25% due 08/15/2013 (b)       2,224,731  1,446,075 
Affinion Group, Tranche B       
   6.75% due 10/17/2012 (b)       6,000,000  4,279,998 
Allied Waste Industries, Inc., Tranche B       
   4.401% due 03/25/2012 (b)       2,372,727  2,278,665 
Asurion Corp. Tranche B       
   8.35% due 07/02/2014 (b)       6,500,000  4,355,000 

The accompanying notes are an integral part of the financial statements. 
1

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Fund (continued)

    Shares or   
    Principal   
    Amount  Value 
 
TERM LOANS (continued)       
 
Commercial Services (continued)       
Sensata Technologies, Term Loan B       
   6.85% due 04/27/2013 (b)  $     4,568,253  $ 2,658,723 
Ticketmaster, Term Loan       
   6.05% due 08/01/2014 (b)    3,000,000  2,370,000 
US Investigations Services, Inc., Tranche B       
   8.20% due 02/21/2015 (b)    6,094,807  4,045,428 
West Corp., Tranche B       
   8.15% due 10/01/2013 (b)    1,488,665  923,903 
      22,357,792 
 
Computer Services - 0.39%       
Activant Solutions, Inc., Tranche B       
   7.10% due 05/02/2013 (b)    3,138,548  1,914,515 
 
Containers & Glass - 2.25%       
Graham Packaging Company, Inc.       
   7.60% due 10/07/2011 (b)    4,712,891  3,576,750 
Graphic Packaging, Inc., Tranche B       
   7.35% due 05/03/2014 (b)    5,119,776  3,775,834 
Graphic Packaging, Inc., Tranche C       
   5.448% due 05/16/2014 (b)    4,680,901  3,608,193 
      10,960,777 
 
Cosmetics & Toiletries - 0.75%       
Sally Holdings LLC, Tranche B       
   7.90% due 11/15/2013 (b)    4,970,224  3,651,564 
 
Data Processing & Management - 1.08%       
First Data Corp., Tranche B2       
   7.98% due 10/15/2014 (b)    7,695,470  5,239,076 
 
Educational Services - 1.03%       
Education Management, Tranche C       
   7.66% due 06/12/2013 (b)    3,580,451  2,360,860 
Thomson Learning Holdings, Tranche B       
   8.50% due 11/05/2014 (b)    3,972,418  2,631,727 
      4,992,587 
 
Electrical Utilities - 5.39%       
Calpine Corp.       
   8.60% due 03/29/2009 (b)    11,191,206  7,751,466 
Energy Future Holdings Corp., Tranche B3       
   8.50% due 10/10/2014 (b)    15,391,078  10,376,157 
Meg Energy, Tranche B       
   6.99% due 04/15/2013 (b)    3,974,529  2,662,934 
NRG Energy, Inc., Tranche B       
   6.60% due 02/01/2013 (b)    969,049  803,341 
   7.10% due 02/01/2013 (b)    5,571,097  4,618,439 
      26,212,337 
 
Energy - 2.16%       
Brand Energy Services, Tranche B       
   7.65% due 02/07/2014 (b)    5,185,101  3,543,151 
Express Energy Service, Term Loan       
   8.35% due 07/02/2013 (b)    3,950,000  2,765,000 
TXU Energy, Tranche B2       
   8.50% due 10/10/2014 (b)    6,227,444  4,199,632 
      10,507,783 
 
Financial Services - 0.28%       
Chrysler Financial, Tranche B       
   9.35% due 08/03/2012 (b)    1,736,842  917,631 

Floating Rate Income Fund (continued)

    Shares or   
    Principal   
    Amount  Value 
 
TERM LOANS (continued)       
Financial Services (continued)       
Lender Processing Services, Tranche B       
   5.05% due 06/18/2014 (b)  $         498,750 $  427,678 
      1,345,309 
 
Food & Beverages - 4.35%       
Aramark Corp.       
   7.475% due 01/31/2014 (b)       9,342,961  7,401,961 
Bolthouse Farms, Inc., Tranche B       
   6.59% due 12/16/2012 (b)       5,214,263  4,041,053 
Constellation Brands, Inc., Term Loan B       
   2.998% due 06/05/2013       3,997,605  3,404,460 
Dole Food Company, Inc., Letter of Credit       
   6.75% due 04/12/2013 (b)       4,433,269  3,115,954 
Wrigley WM Jr. Co., Term Loan B       
   7.15% due 09/30/2014       3,450,000  3,204,971 
      21,168,399 
 
Healthcare Products - 4.62%       
Bausch & Lomb, Inc., Tranche B       
   8.25% due 04/11/2015 (b)       5,968,980  4,431,968 
Biomet, Inc., Tranche B       
   4.498% due 03/25/2015 (b)       3,474,849  2,824,402 
Fenwal, Inc.       
   7.61% due 03/01/2014 (b)       3,982,707  2,529,019 
Hanger Orthopedic Group, Inc., Tranche B       
   7.70% due 07/15/2014 (b)       1,478,174  1,167,758 
Invitrogen Corp., Term Loan B       
   6.05% due 06/11/2015 (b)       4,000,000  3,637,500 
Pharmaceutical Health Technologies, Tranche B     
   7.60% due 04/15/2014 (b)       4,539,541  2,752,096 
Royalty Pharma, Tranche B       
   6.85% due 05/15/2014 (b)       5,974,747  5,148,242 
      22,490,985 
 
Healthcare Services - 1.96%       
DaVita, Tranche B1       
   6.80% due 03/15/2014 (b)       3,000,000  2,541,564 
Manor Care, Tranche B       
   7.90% due 11/15/2014 (b)       5,472,238  3,848,806 
Select Medical Corp., Tranche B       
   4.63% due 02/24/2012 (b)       4,217,224  3,134,801 
      9,525,171 
 
Hotels & Restaurants - 0.22%       
QUIZNO'S Corp.       
   7.35% due 05/05/2012 (b)       1,969,886  1,083,437 
 
Household Products - 0.26%       
Yankee Candle, Term Loan B       
   7.40% due 01/15/2014 (b)       2,461,634  1,284,973 
 
Leisure Time - 6.98%       
AMC Entertainment, Inc., Term Loan B       
   6.625% due 01/26/2013       2,000,000  1,519,000 
Carmike Cinemas, Inc., Term Loan       
   6.50% due 05/19/2012       2,901,539  2,125,378 
   8.25% due 05/19/2012 (b)       3,949,604  2,893,085 
CCM Merger, Inc., Tranche B       
   5.65% due 07/21/2012 (b)       4,063,375  1,828,519 
Golden Nugget, Inc., Tranche B       
   7.35% due 06/14/2014 (b)       3,750,000  1,406,250 

The accompanying notes are an integral part of the financial statements. 
2

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Fund (continued)

    Shares or   
    Principal   
    Amount  Value 
 
TERM LOANS (continued)       
 
Leisure Time (continued)       
Harrah's Operating Company, Inc., Tranche B2     
   6.162% due 02/28/2015 (b)  $    9,462,494   $ 5,523,731 
Las Vegas Sands LLC, Tranche B       
   7.1986% due 05/08/2014 (b)    6,217,523  3,026,802 
Metro-Goldwyn-Mayer, Inc., Term Loan B       
   5.35% due 04/08/2011 (b)    4,239,130  1,901,551 
Oceania Cruises, Inc., Tranche B       
   7.60% due 05/01/2014 (b)    1,487,465  818,106 
Penn National Gaming, Inc., Term Loan B       
   5.3736% due 10/03/2012 (b)    6,987,147  5,687,977 
Regal Cinemas, Tranche B       
   3.92% due 10/19/2010 (b)    5,230,964  3,895,614 
Tropicana Entertainment, Tranche B       
   7.86% due 12/15/2011 (b)    4,000,000  1,084,000 
Venetian Macau, Tranche B       
   7.75% due 04/01/2013 (b)    3,655,000  2,046,800 
Venetian Macau, Tranche Delayed Draw       
   1.375% due 04/01/2013 (b)    345,000  193,200 
      33,950,013 
 
Medical-Hospitals - 8.11%       
Community Health Systems, Inc., Tranche B       
   7.51% due 07/02/2014 (b)    15,870,914  11,652,726 
HCA, Inc., Tranche A       
   7.71% due 11/16/2012 (b)    1,467,665  1,154,869 
HCA, Inc., Tranche B       
   8.15% due 11/01/2013 (b)    14,431,799  10,777,249 
Health Management Associates, Inc., Tranche B     
   7.15% due 01/16/2014 (b)    6,224,704  4,152,394 
HVHC, Inc., Tranche B       
   7.8576% due 08/15/2013 (b)    2,897,416  2,086,139 
Iasis Healthcare Corp., Tranche B       
   7.35% due 05/01/2014 (b)    6,336,786  4,712,985 
Vanguard Health Holdings, Tranche B       
   6.409% due 05/18/2011 (b)    6,049,447  4,937,861 
      39,474,223 
 
Oil & Gas Drilling - 1.77%       
Ashmore Energy International, Tranche B       
   8.35% due 05/30/2014 (b)    4,464,347  2,912,986 
Hercules Offshore LLC, Tranche B       
   7.1986% due 07/11/2013 (b)    4,952,424  3,181,933 
Quicksilver Resource, Inc., 2nd Lien       
   7.802% due 08/08/2013 (b)    3,515,625  2,531,250 
      8,626,169 
 
Paper - 2.67%       
Georgia Pacific LLC, Tranche B1       
   6.75% due 12/23/2013 (b)    9,947,053  7,617,781 
Georgia Pacific LLC, Tranche B2       
   1.75% due 12/20/2012 (b)    1,778,867  1,362,315 
NewPage Corp., Tranche B       
   8.90% due 11/05/2014 (b)    5,467,469  4,011,756 
      12,991,852 
 
Pipelines - 0.98%       
Dynegy Holdings, Inc.       
   6.633% due 04/02/2013 (b)    6,497,360  4,786,390 

Floating Rate Income Fund (continued)

    Shares or   
    Principal   
    Amount  Value 
 
TERM LOANS (continued)       
 
Plastics - 0.61%       
Berry Plastics Holding Company       
   7.35% due 04/03/2015 (b)  $     4,464,716  $  2,949,195 
 
Publishing - 2.87%       
Dex Media West LLC, Tranche B       
   7.00% due 10/13/2014 (b)       5,000,000  2,450,000 
Idearc, Inc., Tranche B       
   7.38% due 11/01/2014 (b)       6,282,194  2,046,199 
Newsday LLC       
   9.75% due 07/15/2013 (b)       4,000,000  3,320,000 
Nielsen Finance, Tranche B       
   8.25% due 08/15/2013 (b)       4,962,009  3,290,457 
Quebecor World, Inc., Tranche B       
   6.50% due 01/17/2013 (b)       2,401,480  1,921,184 
Tribune Company       
   7.426% due 05/17/2009 (b)       2,462,857  923,571 
      13,951,411 
 
Retail Trade - 4.04%       
Amscan Holdings, Inc., Tranche B       
   7.61% due 05/01/2013 (b)       6,665,486  4,765,822 
Dollar General Corp., Tranche B       
   7.60% due 07/15/2014 (b)       4,000,000  3,067,000 
General Nutrition Center, Tranche B       
   7.60% due 09/06/2013 (b)       3,225,441  2,139,542 
Michaels Stores, Inc., Tranche B       
   7.60% due 10/31/2013 (b)       5,454,130  2,683,432 
Neiman Marcus Group, Inc., Tranche B       
   6.475% due 03/13/2013 (b)       7,733,805  4,823,961 
Petco Animal Supplies, Inc., Tranche B       
   8.15% due 11/15/2013 (b)       3,224,751  2,154,133 
      19,633,890 
 
Semiconductors - 0.70%       
Freescale Semiconductor, Inc., Tranche B       
   7.37% due 12/01/2013 (b)       5,955,827  3,405,989 
 
Software - 1.04%       
CGG, Tranche B       
   7.40% due 01/30/2014 (b)       6,231,690  5,078,827 
Telecommunications Equipment &       
Services - 4.16%       
Level 3 Communications, Inc., Tranche B       
   7.65% due 03/01/2014 (b)       5,000,000  3,400,000 
Panamsat Corp., Tranche B       
   8.00% due 06/30/2013 (b)     11,179,192  8,583,529 
Qwest Corp., Term Loan B       
   6.95% due 06/30/2010       3,000,000  2,700,000 
Telesat Canada, Tranche D Delayed Draw       
   8.3139% due 10/15/2014 (b)       4,205,583  3,028,772 
Virgin Media Tranche B4       
   7.50% due 01/15/2014 (b)       3,220,522  2,520,059 
      20,232,360 
 
Telephone - 0.56%       
Windstream Corp., Tranche B       
   4.57% due 07/17/2013 (b)       3,275,126  2,712,895 
 
Transportation - 0.31%       
Swift Transport, Term Loan B       
   8.466% due 05/15/2014 (b)       3,500,000  1,507,916 

The accompanying notes are an integral part of the financial statements. 
3

JOHN HANCOCK FUNDS II
PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Fund (continued)

    Shares or     
    Principal     
    Amount    Value 
TERM LOANS (continued)         
 
Trucking & Freight - 0.23%         
Oshkosh Truck Corp. Tranche B         
   zero coupon due 12/06/2013  $  1,802,532  $  1,131,732 
TOTAL TERM LOANS (Cost $574,526,180)      $  431,653,182 
CORPORATE BONDS - 5.53%         
 
Air Travel - 0.38%         
Continental Airlines, Inc., Series 01-1         
   6.503% due 06/15/2011    1,030,000    849,750 
Continental Airlines, Inc., Series 974A         
   6.90% due 01/02/2018    1,233,754    974,666 
        1,824,416 
Auto Services - 0.04%         
Hertz Corp.         
   10.50% due 01/01/2016    500,000    200,000 
 
Building Materials & Construction - 0.36%         
Nortek, Inc.         
   10.00% due 12/01/2013 (f)    2,500,000    1,750,000 
 
Cellular Telecom - 0.82%         
Verizon Communications, Inc.         
   8.75% due 11/01/2018    4,000,000    4,001,024 
 
Chemicals - 0.10%         
Georgia Gulf Corp.         
   9.50% due 10/15/2014    1,500,000    495,000 
 
Crude Petroleum & Natural Gas - 0.97%         
Chesapeake Energy Corp.         
   7.625% due 07/15/2013    5,895,000    4,716,000 
 
Financial Services - 1.60%         
Countrywide Financial Corp.         
   zero coupon due 05/15/2037 (b)    2,600,000    2,548,000 
Ford Motor Credit Company LLC         
   12.00% due 05/15/2015    5,400,000    2,634,557 
GMAC LLC         
   3.3988% due 05/15/2009 (b)    4,000,000    2,600,000 
        7,782,557 
Leisure Time - 0.10%         
Station Casinos, Inc.         
   7.75% due 08/15/2016 (a)    1,596,000    486,780 
 
Paper - 0.06%         
Abitibi-Consolidated Company of Canada         
   15.50% due 07/15/2010 (f)    1,072,000    310,880 
 
Real Estate - 0.06%         
Forest City Enterprises, Inc.         
   7.625% due 06/01/2015    530,000    265,000 
 
Retail Trade - 0.07%         
Neiman Marcus Group, Inc.         
   9.00% due 10/15/2015 (f)    420,000    178,500 
   10.375% due 10/15/2015 (a)    380,000    142,500 
        321,000 
Semiconductors - 0.19%         
NXP BV/NXP Funding LLC         
   7.5025% due 10/15/2013 (b)    2,000,000    495,000 
   7.875% due 10/15/2014    1,500,000    450,000 
        945,000 

Floating Rate Income Fund (continued)

    Shares or     
    Principal     
    Amount    Value 
CORPORATE BONDS (continued)         
 
Telecommunications Equipment &         
Services - 0.78%         
Citizens Communications Company         
   7.875% due 01/15/2027  $  600,000  $  294,000 
iPCS, Inc.         
   5.318% due 05/01/2013 (b)(f)    5,000,000    3,500,000 
        3,794,000 
TOTAL CORPORATE BONDS (Cost $40,463,638)      $  26,891,657 
 
SHORT TERM INVESTMENTS - 0.10%         
John Hancock Cash         
   Investment Trust, 1.6231% (c)(g)  $  483,100  $  483,100 
TOTAL SHORT TERM INVESTMENTS         
(Cost $483,100)      $  483,100 
REPURCHASE AGREEMENTS - 11.81%         
Merrill Lynch Tri-Party Repurchase         
   Agreement dated 11/28/2008 at         
   0.18% to be repurchased at         
   $24,400,366 on 12/1/2008,         
   collateralized by $24,986,000         
   Federal Home Loan Mortgage         
   Corp., 0% due 04/15/2009 (valued         
   at $24,888,000, including interest)  $  24,400,000  $  24,400,000 
Repurchase Agreement with State Street         
   Corp. dated 11/28/2008 at 0.05% to be         
   repurchased at $33,075,138 on         
   12/01/2008, collateralized by $33,240,000         
   Federal Home Loan Mortgage Bank,         
   2.29% due 04/15/2009 (valued at         
   $24,888,000, including interest) and         
   $33,240,000 Federal Home Loan Bank,         
   2.29% due 12/30/2008 (valued at         
   $33,738,600, including interest)    33,075,000    33,075,000 
TOTAL REPURCHASE AGREEMENTS         
(Cost $57,475,000)      $  57,475,000 
Total Investments (Floating Rate Income Fund)         
   (Cost $672,947,918) - 106.18%      $  516,502,939 
Liabilities in Excess of Other Assets - (6.18)%        (30,079,186) 
 
TOTAL NET ASSETS - 100.00%      $  486,423,753 

Footnotes

Percentages are stated as a percent of net assets.

(a) All or a portion of this security was out on loan.

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

(c) The investment is an affiliate of the fund, the adviser and/or the subadviser.

(f) 144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(g) John Hancock Cash Investment Trust is managed by MFC Global Investment Management (U.S.), LLC, and represents investment of securities lending collateral.

The rate shown is the seven-day effective yield at period end.

The accompanying notes are an integral part of the financial statements. 
4

Notes to the Schedule of Investments (Unaudited)

Security valuation
The net asset value of the Fund is determined daily as of the close of the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. Short-term debt investments that have a remaining maturity 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. All other securities held by the Fund 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 the principal securities exchange (domestic or foreign) on which they trade 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 evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, which take into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. Investments in John Hancock Cash Investment Trust (JHCIT), an affiliate of John Hancock Advisers, LLC (the Adviser), a wholly owned subsidiary of John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation, are valued at their net asset value each business day

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

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity.

The Fund adopted Statement of Financial Accounting Standards No. 157 (FAS 157), Fair Value Measurements, effective with the beginning of the Fund’s fiscal year. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 — Quoted prices in active markets for identical securities.

Level 2 — Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.

Level 3 — Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s net assets as of November 30, 2008:

  Investments in  Other Financial 
Valuation Inputs       Securities  Instruments* 
 
Level 1 – Quoted Prices  $483,100  - 
Level 2 – Other Significant Observable Inputs  516,019,839  - 
Level 3 – Significant Unobservable Inputs  -  - 
Total  $516,502,939  - 

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Federal income tax cost
At November 30, 2008, the aggregate cost of investment securities for federal income tax purposes was $671,386,113. Net unrealized depreciation aggregated $154,883,174, of which $418,262 related to appreciated investment securities and $155,301,436 related to depreciated investment securities.

Loan participations and assignments
A fund’s ability to receive payments of principal and interest and other amounts in connection with loans (whether through participations, assignments or otherwise) will depend primarily on the financial condition of the borrower. The failure by a fund to receive scheduled interest or principal payments on a loan or a loan participation, because of a default, bankruptcy or any other reason, would adversely affect the income of the fund and would likely reduce the value of its assets. Even with secured loans, there is no assurance that the collateral securing the loan will be sufficient to protect a fund against losses in value or a decline in income in the event of a borrower’s non-payment of principal or interest and, in the event of a bankruptcy of a borrower, the fund could experience delays or limitations in its ability to realize the benefits of any collateral securing the loan. Furthermore, the value of any such collateral may decline and may be difficult to liquidate. Because a significant percent of loans and loan participations are not generally rated by independent credit rating agencies, a decision by a fund to invest in a particular loan or loan participation could depend exclusively on the subadviser’s credit analysis of the borrower and, in the case of a loan participation, the intermediary. A fund may have limited rights to enforce the terms of an underlying loan. Fees associated with loan amendments are accrued daily. At period end, the total principal amount and market value of unfunded commitments totaled $2,190,329 and $2,024,134, respectively, which could be extended at the option of the borrower and which are covered by sufficient cash and/or liquid securities held by the Fund.

Repurchase agreements
Pursuant to an exemptive order issued by the SEC, the Fund, along with other registered investment companies having a management contract with the Adviser, may participate in a joint repurchase agreement transaction. Aggregate cash balances are invested in one or more large repurchase agreements, whose underlying securities are obligations of the U.S. government and/or its agencies. The Fund’s custodian bank receives delivery of the underlying securities for the joint account on the Fund’s behalf. When a Fund enters into a repurchase agreement, it receives delivery of collateral, 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 value is generally 102% of the repurchase amount.

Securities lending
The Fund may lend portfolio securities from time to time in order to earn additional income. The Fund retains beneficial ownership of the securities it has loaned and continues to receive interest and dividends paid by the issuer of securities and to participate in any changes in their value. On the settlement date of the loan, the Fund receives cash collateral against the loaned securities and maintain the cash collateral in an amount not less than 102% of the market value of the loaned securities for U.S. equity and corporate securities and 105% for foreign equity and corporate securities 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 cash collateral is delivered to the Fund on the next business day. Cash collateral received is invested in the JHCIT. The Fund may receive compensation for lending their securities either in the form of fees, guarantees, and/or by retaining a portion of interest on the investment of any cash received as collateral. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. The Fund bears the risk in the event that invested collateral is not sufficient to meet obligations due on loans.

Risk and Uncertainties
Concentration risk
The Funds may concentrate investments in a particular industry, sector of the economy or invest in a limited number of companies. Accordingly, the concentration may make the Fund’s value more volatile and investment values may rise and fall more rapidly. In addition, a fund with a concentration is particularly susceptible to the impact of market, economic, regulatory and other factors affecting the specific concentration.

Fixed income risk
Fixed income securities are subject to credit and interest rate risk and involve some risk of default in connection with principal and interest payments.

Liquidity risk
The Fund may be exposed to liquidity risk. This exposure exists when trading volume, lack of a market maker, or legal restrictions impair the ability to sell particular securities or close derivative positions at an advantageous price.



JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited)
(showing percentage of total net assets)

Lifecycle 2045 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.02%    
 
JOHN HANCOCK FUNDS (g) - 1.03%    
Small Cap Intrinsic Value (MFC Global U.S.A.) (f) 142,960 $ 856,329
 
JOHN HANCOCK FUNDS II (g) - 96.03%    
Blue Chip Growth (T. Rowe Price) 352,235 4,272,607
Capital Appreciation (Jennison) 484,148 3,418,085
Core Equity (Legg Mason) 233,542 1,242,444
Emerging Markets Value (DFA) 331,571 1,671,116
Fundamental Value (Davis) 247,680 2,603,119
Global Bond (PIMCO) 66,351 872,522
High Yield (WAMCO) 136,891 822,715
Index 500 (MFC Global U.S.A.) (f) 2,892,806 19,266,091
International Equity Index (SSgA) 843,090 9,872,584
International Opportunities (Marsico) 281,752 2,468,146
International Small Cap (Templeton) 225,032 2,056,788
International Small Company (DFA) 397,831 2,056,788
International Value (Templeton) 237,550 2,468,146
Large Cap Value (BlackRock) 168,602 2,569,500
Mid Cap Index (MFC Global U.S.A.) (f) 365,652 4,256,189
Mid Cap Stock (Wellington) 324,735 3,354,510
Mid Cap Value Equity (RiverSource) 139,816 851,481
Natural Resources (Wellington) 85,080 1,675,216
Real Return Bond (PIMCO) 73,504 845,294
Small Cap Growth (Wellington) 434,989 2,940,528
Small Cap Index (MFC Global U.S.A.) (f) 254,477 2,124,887
Small Company Value (T. Rowe Price) 127,034 2,106,219
Strategic Bond (WAMCO) 97,413 856,258
Total Bond Market (Declaration) (f) 91,074 914,382
Value & Restructuring (Columbia) 392,339 2,624,749
Value (Van Kampen) 289,118 1,757,840
    79,968,204
JOHN HANCOCK FUNDS III (g) - 2.96%    
International Core (GMO)   101,528   2,468,146
TOTAL INVESTMENT COMPANIES (Cost $128,847,388) $ 83,292,679
Total Investments (Lifecycle 2045 Portfolio)    
(Cost $128,847,388) - 100.02%   $ 83,292,679
Liabilities in Excess of Other Assets - (0.02)%   (17,309)
TOTAL NET ASSETS - 100.00%   $ 83,275,370

Lifecycle 2040 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.02%    
 
JOHN HANCOCK FUNDS (g) - 1.03%    
Small Cap Intrinsic Value (MFC Global U.S.A.) (f) 160,742 $ 962,846
 
JOHN HANCOCK FUNDS II (g) - 96.04%    
Blue Chip Growth (T. Rowe Price) 394,935 4,790,563
Capital Appreciation (Jennison) 542,468 3,829,826
Core Equity (Legg Mason) 267,842 1,424,917
Emerging Markets Value (DFA) 372,814 1,878,983
Fundamental Value (Davis) 278,535 2,927,407
Global Bond (PIMCO) 79,374 1,043,768
High Yield (WAMCO) 153,457 922,275

Lifecycle 2040 Portfolio (continued)

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES (continued)    
 
JOHN HANCOCK FUNDS II (g)    
(continued)    
Index 500 (MFC Global U.S.A.) (f) 3,245,908 $ 21,617,749
International Equity Index (SSgA) 945,116 11,067,306
International Opportunities (Marsico) 316,032 2,768,439
International Small Cap (Templeton) 252,264 2,305,689
International Small Company (DFA) 445,975 2,305,689
International Value (Templeton) 266,297 2,766,826
Large Cap Value (BlackRock) 189,309 2,885,063
Mid Cap Index (MFC Global U.S.A.) (f) 411,389 4,788,568
Mid Cap Stock (Wellington) 365,354 3,774,104
Mid Cap Value Equity (RiverSource) 157,305 957,988
Natural Resources (Wellington) 97,884 1,927,343
Real Return Bond (PIMCO) 87,074 1,001,354
Small Cap Growth (Wellington) 488,319 3,301,038
Small Cap Index (MFC Global U.S.A.) (f) 286,308 2,390,675
Small Company Value (T. Rowe Price) 142,657 2,365,249
Strategic Bond (WAMCO) 116,038 1,019,973
Total Bond Market (Declaration) (f) 109,546 1,099,841
Value & Restructuring (Columbia) 441,215 2,951,731
Value (Van Kampen) 325,136 1,976,826
    90,089,190
JOHN HANCOCK FUNDS III (g) - 2.95%    
International Core (GMO)   113,814   2,766,826
TOTAL INVESTMENT COMPANIES (Cost $145,847,449)  $ 93,818,862
Total Investments (Lifecycle 2040 Portfolio)    
(Cost $145,847,449) - 100.02%   $ 93,818,862
Liabilities in Excess of Other Assets - (0.02)%   (16,488)
TOTAL NET ASSETS - 100.00%   $ 93,802,374

Lifecycle 2035 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
 
JOHN HANCOCK FUNDS (g) - 1.03%    
Small Cap Intrinsic Value (MFC Global U.S.A.) (f) 226,430 $ 1,356,313
 
JOHN HANCOCK FUNDS II (g) - 96.02%    
Blue Chip Growth (T. Rowe Price) 555,535 6,738,644
Capital Appreciation (Jennison) 763,586 5,390,915
Core Equity (Legg Mason) 397,452 2,114,447
Emerging Markets Value (DFA) 525,164 2,646,828
Fundamental Value (Davis) 388,892 4,087,251
Global Bond (PIMCO) 110,221 1,449,411
High Yield (WAMCO) 216,476 1,301,018
Index 500 (MFC Global U.S.A.) (f) 4,561,118 30,377,045
International Equity Index (SSgA) 1,333,238 15,612,219
International Opportunities (Marsico) 446,125 3,908,054
International Small Cap (Templeton) 355,858 3,252,545
International Small Company (DFA) 629,119 3,252,545
International Value (Templeton) 375,655 3,903,055
Large Cap Value (BlackRock) 266,068 4,054,880
Mid Cap Index (MFC Global U.S.A.) (f) 575,684 6,700,959

The accompanying notes are an integral part of the financial statements.
1

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Lifecycle 2035 Portfolio (continued)

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES (continued)    
 
JOHN HANCOCK FUNDS II (g)    
(continued)    
Mid Cap Stock (Wellington) 513,302 $ 5,302,413
Mid Cap Value Equity (RiverSource) 220,128 1,340,576
Natural Resources (Wellington) 137,913 2,715,516
Real Return Bond (PIMCO) 120,710 1,388,169
Small Cap Growth (Wellington) 686,753 4,642,453
Small Cap Index (MFC Global U.S.A.) (f) 400,650 3,345,432
Small Company Value (T. Rowe Price) 200,818 3,329,562
Strategic Bond (WAMCO) 164,719 1,447,882
Total Bond Market (Declaration) (f) 153,519 1,541,327
Value & Restructuring (Columbia) 616,026 4,121,214
Value (Van Kampen) 453,955 2,760,048
    126,724,408
JOHN HANCOCK FUNDS III (g) - 2.96%    
International Core (GMO)   160,553   3,903,055
TOTAL INVESTMENT COMPANIES (Cost $206,778,907)  $ 131,983,776
Total Investments (Lifecycle 2035 Portfolio)    
(Cost $206,778,907) - 100.01%   $ 131,983,776
Liabilities in Excess of Other Assets - (0.01)%   (16,868)
TOTAL NET ASSETS - 100.00%   $ 131,966,908

Lifecycle 2030 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
 
JOHN HANCOCK FUNDS (g) - 1.02%    
Small Cap Intrinsic Value (MFC Global U.S.A.) (f) 305,714 $ 1,831,228
 
JOHN HANCOCK FUNDS II (g) - 96.03%    
Blue Chip Growth (T. Rowe Price) 752,273 9,125,077
Capital Appreciation (Jennison) 1,034,003 7,300,061
Core Equity (Legg Mason) 524,085 2,788,131
Emerging Markets Value (DFA) 709,051 3,573,619
Fundamental Value (Davis) 527,200 5,540,872
Global Bond (PIMCO) 155,928 2,050,458
High Yield (WAMCO) 585,670 3,519,877
Index 500 (MFC Global U.S.A.) (f) 6,155,908 40,998,347
International Equity Index (SSgA) 1,653,230 19,359,326
International Opportunities (Marsico) 603,301 5,284,921
International Small Cap (Templeton) 385,107 3,519,877
International Small Company (DFA) 1,021,241 5,279,816
International Value (Templeton) 508,163 5,279,816
Large Cap Value (BlackRock) 359,659 5,481,203
Mid Cap Index (MFC Global U.S.A.) (f) 777,075 9,045,158
Mid Cap Stock (Wellington) 693,036 7,159,060
Mid Cap Value Equity (RiverSource) 298,197 1,816,017
Natural Resources (Wellington) 190,205 3,745,144
Real Return Bond (PIMCO) 166,661 1,916,602
Small Cap Growth (Wellington) 927,221 6,268,014
Small Cap Index (MFC Global U.S.A.) (f) 540,810 4,515,762
Small Company Value (T. Rowe Price) 271,135 4,495,413
Strategic Bond (WAMCO) 223,950 1,968,522

Lifecycle 2030 Portfolio (continued)

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES (continued)    
 
JOHN HANCOCK FUNDS II (g)    
(continued)    
Total Bond Market (Declaration) (f) 216,898 $ 2,177,658
Value & Restructuring (Columbia) 832,746 5,571,069
Value (Van Kampen) 613,658 3,731,041
    171,510,861
JOHN HANCOCK FUNDS III (g) - 2.96%    
International Core (GMO)   217,187   5,279,816
TOTAL INVESTMENT COMPANIES (Cost $280,091,600) $ 178,621,905
Total Investments (Lifecycle 2030 Portfolio)    
(Cost $280,091,600) - 100.01%   $ 178,621,905
Liabilities in Excess of Other Assets - (0.01)%   (14,432)
TOTAL NET ASSETS - 100.00%   $ 178,607,473

Lifecycle 2025 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
 
JOHN HANCOCK FUNDS (g) - 1.02%    
Small Cap Intrinsic Value (MFC Global U.S.A.) (f) 391,860 $ 2,347,240
 
JOHN HANCOCK FUNDS II (g) - 96.04%    
Blue Chip Growth (T. Rowe Price) 772,173 9,366,463
Capital Appreciation (Jennison) 1,326,694 9,366,463
Core Equity (Legg Mason) 671,282 3,571,221
Emerging Markets Value (DFA) 908,851 4,580,609
Fundamental Value (Davis) 682,801 7,176,239
Global Bond (PIMCO) 181,663 2,388,864
Global Real Estate (Deutsche) 465,076 2,339,333
High Income (MFC Global U.S.) (f) 466,042 2,255,644
High Yield (WAMCO) 750,631 4,511,293
Index 500 (MFC Global U.S.A.) (f) 8,239,652 54,876,082
International Equity Index (SSgA) 2,118,882 24,812,109
International Opportunities (Marsico) 514,988 4,511,292
International Small Cap (Templeton) 493,577 4,511,293
International Small Company (DFA) 1,308,886 6,766,939
International Value (Templeton) 434,196 4,511,293
Large Cap Value (BlackRock) 465,348 7,091,911
Mid Cap Index (MFC Global U.S.A.) (f) 995,538 11,588,068
Mid Cap Stock (Wellington) 666,242 6,882,279
Mid Cap Value Equity (RiverSource) 385,186 2,345,782
Natural Resources (Wellington) 161,197 3,173,964
Real Estate Equity (T. Rowe Price) 579,557 2,480,502
Real Return Bond (PIMCO) 404,663 4,653,621
Small Cap Growth (Wellington) 1,019,678 6,893,021
Small Cap Index (MFC Global U.S.A.) (f) 415,817 3,472,069
Small Company Value (T. Rowe Price) 278,029 4,609,720
Strategic Bond (WAMCO) 273,585 2,404,814
Strategic Income (MFC Global U.S.) (f) 279,509 2,395,395
Total Bond Market (Declaration) (f) 480,409 4,823,306
Total Return (PIMCO) 181,940 2,425,257
U.S. High Yield Bond (Wells Capital) 251,186 2,255,646
Value & Restructuring (Columbia) 718,915 4,809,540

The accompanying notes are an integral part of the financial statements.
2

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Lifecycle 2025 Portfolio (continued)

  Shares or    
  Principal    
  Amount   Value
 
INVESTMENT COMPANIES (continued)      
 
JOHN HANCOCK FUNDS II (g)      
(continued)      
Value (Van Kampen) 395,376  $  2,403,888
      220,253,920
JOHN HANCOCK FUNDS III (g) - 2.95%      
International Core (GMO)   278,360    6,766,939
TOTAL INVESTMENT COMPANIES (Cost $354,711,628) $ 229,368,099
 
Total Investments (Lifecycle 2025 Portfolio)      
(Cost $354,711,628) - 100.01%   $ 229,368,099
Liabilities in Excess of Other Assets - (0.01)%     (19,835)
TOTAL NET ASSETS - 100.00%   $ 229,348,264

Lifecycle 2020 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
 
JOHN HANCOCK FUNDS (g) - 1.01%    
Small Cap Intrinsic Value (MFC Global U.S.A.) (f) 381,297 $ 2,283,968
 
JOHN HANCOCK FUNDS II (g) - 97.04%    
Blue Chip Growth (T. Rowe Price) 743,284 9,016,030
Capital Appreciation (Jennison) 1,277,058 9,016,030
Core Equity (Legg Mason) 445,536 2,370,254
Emerging Markets Value (DFA) 884,352 4,457,135
Floating Rate Income (WAMCO) 306,472 2,209,661
Fundamental Value (Davis) 645,994 6,789,394
Global Bond (PIMCO) 371,169 4,880,877
Global Real Estate (Deutsche) 451,721 2,272,158
High Income (MFC Global U.S.) (f) 909,142 4,400,245
High Yield (WAMCO) 1,098,231 6,600,368
Index 500 (MFC Global U.S.A.) (f) 8,199,373 54,607,825
International Equity Index (SSgA) 1,878,841 22,001,228
International Opportunities (Marsico) 502,927 4,405,639
International Small Cap (Templeton) 361,070 3,300,184
International Small Company (DFA) 638,333 3,300,184
International Value (Templeton) 423,508 4,400,246
Large Cap Value (BlackRock) 445,453 6,788,702
Mid Cap Index (MFC Global U.S.A.) (f) 770,268 8,965,923
Mid Cap Stock (Wellington) 432,189 4,464,508
Natural Resources (Wellington) 160,243 3,155,176
Real Estate Equity (T. Rowe Price) 554,182 2,371,899
Real Return Bond (PIMCO) 621,680 7,149,325
Small Cap Growth (Wellington) 696,526 4,708,515
Small Cap Index (MFC Global U.S.A.) (f) 404,243 3,375,428
Small Company Value (T. Rowe Price) 135,267 2,242,731
Spectrum Income (T. Rowe Price) 285,098 2,491,756
Strategic Bond (WAMCO) 282,603 2,484,080
Strategic Income (MFC Global U.S.) (f) 570,281 4,887,306
Total Bond Market (Declaration) (f) 494,016 4,959,920
Total Return (PIMCO) 370,887 4,943,928
U.S. High Yield Bond (Wells Capital) 493,225 4,429,161
Value & Restructuring (Columbia) 680,161 4,550,275

Lifecycle 2020 Portfolio (continued)

  Shares or    
  Principal    
  Amount   Value
 
INVESTMENT COMPANIES (continued)      
JOHN HANCOCK FUNDS II (g)      
(continued)      
Value (Van Kampen) 370,872  $ 2,254,904
      218,250,995
JOHN HANCOCK FUNDS III (g) - 1.96%      
International Core (GMO)   181,006     4,400,245
TOTAL INVESTMENT COMPANIES (Cost $343,275,705) $ 224,935,208
 
Total Investments (Lifecycle 2020 Portfolio)      
(Cost $343,275,705) - 100.01%   $ 224,935,208
Liabilities in Excess of Other Assets - (0.01)%     (23,348)
TOTAL NET ASSETS - 100.00%   $ 224,911,860

Lifecycle 2015 Portfolio

  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
 
JOHN HANCOCK FUNDS II (g) - 98.11%    
Blue Chip Growth (T. Rowe Price) 518,857  $ 6,293,737
Capital Appreciation (Jennison) 883,621 6,238,364
Core Equity (Legg Mason) 358,106 1,905,122
Emerging Markets Value (DFA) 702,975 3,542,996
Floating Rate Income (WAMCO) 474,367 3,420,189
Fundamental Value (Davis) 530,521 5,575,775
Global Bond (PIMCO) 437,364 5,751,331
Global Real Estate (Deutsche) 736,335 3,703,765
High Income (MFC Global U.S.) (f) 711,822 3,445,218
High Yield (WAMCO) 1,999,770 12,018,620
Index 500 (MFC Global U.S.A.) (f) 6,215,846 41,397,532
International Equity Index (SSgA) 897,343 10,507,889
International Opportunities (Marsico) 401,722 3,519,085
International Small Cap (Templeton) 189,399 1,731,103
International Small Company (DFA) 670,971 3,468,922
International Value (Templeton) 169,349 1,759,538
Large Cap Value (BlackRock) 241,043 3,673,503
Mid Cap Index (MFC Global U.S.A.) (f) 473,113 5,507,031
Mid Cap Stock (Wellington) 175,071 1,808,483
Natural Resources (Wellington) 124,247 2,446,414
Real Estate Equity (T. Rowe Price) 923,102 3,950,875
Real Return Bond (PIMCO) 483,369 5,558,740
Small Cap Growth (Wellington) 266,761 1,803,302
Small Cap Index (MFC Global U.S.A.) (f) 219,510 1,832,910
Small Company Value (T. Rowe Price) 109,374 1,813,417
Spectrum Income (T. Rowe Price) 219,926 1,922,149
Strategic Bond (WAMCO) 657,575 5,780,084
Strategic Income (MFC Global U.S.) (f) 443,315 3,799,205
Total Bond Market (Declaration) (f) 996,607 10,005,932
Total Return (PIMCO) 293,945 3,918,286
U.S. High Yield Bond (Wells Capital) 381,760 3,428,203
Value & Restructuring (Columbia) 559,580 3,743,587
Value (Van Kampen) 309,270 1,880,359
    177,151,666

The accompanying notes are an integral part of the financial statements.
3

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Lifecycle 2015 Portfolio (continued)

  Shares or    
  Principal    
  Amount   Value
 
INVESTMENT COMPANIES (continued)      
JOHN HANCOCK FUNDS III (g) - 1.90%      
International Core (GMO)   141,582   $ 3,441,847
TOTAL INVESTMENT COMPANIES (Cost $268,415,095) $ 180,593,513
 
Total Investments (Lifecycle 2015 Portfolio)      
(Cost $268,415,095) - 100.01%   $ 180,593,513
Liabilities in Excess of Other Assets - (0.01)%     (25,944)
TOTAL NET ASSETS - 100.00%   $ 180,567,569

Lifecycle 2010 Portfolio

  Shares or   
  Principal    
  Amount  Value
 
INVESTMENT COMPANIES - 99.97%    
 
JOHN HANCOCK FUNDS II (g) - 99.02%    
Blue Chip Growth (T. Rowe Price)  254,887 $ 3,091,780
Capital Appreciation (Jennison) 432,403 3,052,764
Core Equity (Legg Mason) 100,853 536,538
Emerging Markets Value (DFA) 406,863 2,050,587
Floating Rate Income (WAMCO) 269,401 1,942,378
Fundamental Value (Davis) 203,003 2,133,562
Global Bond (PIMCO) 237,748 3,126,384
Global Real Estate (Deutsche) 640,062 3,219,510
High Income (MFC Global U.S.) (f) 613,335 2,968,541
High Yield (WAMCO) 1,139,215 6,846,683
Index 500 (MFC Global U.S.A.) (f) 3,259,751 21,709,940
International Equity Index (SSgA) 520,012 6,089,346
International Opportunities (Marsico) 116,399 1,019,659
International Small Cap (Templeton) 109,169 997,809
International Small Company (DFA) 189,869 981,624
International Value (Templeton) 98,138 1,019,656
Large Cap Value (BlackRock) 138,352 2,108,490
Mid Cap Index (MFC Global U.S.A.) (f) 180,842 2,104,998
Natural Resources (Wellington) 71,614 1,410,080
Real Estate Equity (T. Rowe Price) 523,668 2,241,297
Real Return Bond (PIMCO) 349,317 4,017,150
Small Cap Index (MFC Global U.S.A.) (f) 252,279 2,106,526
Spectrum Income (T. Rowe Price) 245,212 2,143,153
Strategic Bond (WAMCO) 479,042 4,210,775
Strategic Income (MFC Global U.S.) (f) 370,470 3,174,927
Total Bond Market (Declaration) (f) 1,073,830 10,781,254
Total Return (PIMCO) 158,616 2,114,351
U.S. High Yield Bond (Wells Capital) 325,308 2,921,264
Value & Restructuring (Columbia) 320,610 2,144,880
    102,265,906
JOHN HANCOCK FUNDS III (g) - 0.95%    
International Core (GMO)   40,331     980,456
TOTAL INVESTMENT COMPANIES (Cost $147,734,430)     $ 103,246,362
Total Investments (Lifecycle 2010 Portfolio)    
(Cost $147,734,430) - 99.97% $ 103,246,362
Other Assets in Excess of Liabilities - 0.03%   32,436
TOTAL NET ASSETS - 100.00% $ 103,278,798

Lifecycle Retirement Portfolio

    Shares or    
    Principal    
    Amount   Value
 
INVESTMENT COMPANIES - 96.52%      
   
Investment Companies - 6.36%      
Financial Select Sector SPDR Fund    115,000 $ 1,450,150
iShares MSCI EAFE Index Fund   15,100 629,217
PowerShares DB Commodity      
Index Tracking Fund   221,002 5,036,635
SPDR Lehman High Yield Bond ETF   75,000 2,129,250
SPDR Trust Series 1   25,000 2,248,750
      11,494,002
JOHN HANCOCK FUNDS II (g) - 89.17%    
Core Equity (Legg Mason)   580,901 3,090,395
Emerging Markets Value (DFA)   1,062,078 5,352,873
Floating Rate Income (WAMCO)   494,949 3,568,582
Fundamental Value (Davis)   560,461 5,890,447
Global Bond (PIMCO)   275,385 3,621,308
Global Real Estate (Deutsche)   1,431,826 7,202,083
High Income (MFC Global U.S.) (f)   1,474,621 7,137,164
High Yield (WAMCO)   1,781,322 10,705,746
Index 500 (MFC Global U.S.A.) (f)   2,948,172 19,634,824
International Equity Index (SSgA)   304,747 3,568,582
International Small Cap (Templeton)   195,646 1,788,203
International Small Company (DFA)   345,347 1,785,446
International Value (Templeton)   171,732 1,784,291
Investment Quality Bond (Wellington)   688,462 7,428,500
Mid Cap Index (MFC Global U.S.A.) (f)   932,489 10,854,169
Natural Resources (Wellington)   387,153 7,623,047
Real Estate Equity (T. Rowe Price)   1,749,933 7,489,711
Real Return Bond (PIMCO)   1,086,090 12,490,036
Small Cap Index (MFC Global U.S.A.) (f)   646,943 5,401,974
Spectrum Income (T. Rowe Price)   634,402 5,544,675
Strategic Bond (WAMCO)   419,346 3,686,054
Strategic Income (MFC Global U.S.) (f)   429,186 3,678,128
Total Bond Market (Declaration) (f)   732,523 7,354,532
Total Return (PIMCO)   411,222 5,481,586
U.S. High Yield Bond (Wells Capital)   993,480 8,921,455
      161,083,811
JOHN HANCOCK FUNDS III (g) - 0.99%    
International Core (GMO)     73,397    1,784,291
TOTAL INVESTMENT COMPANIES (Cost $242,055,354)     $ 174,362,104
 
SHORT TERM INVESTMENTS - 2.75%    
Federal Home Loan Bank Discount Notes      
zero coupon due 02/18/2009 $ 2,000,000 $ 1,995,611
Federal Home Loan Mortgage Association      
Discount Notes      
zero coupon due 01/06/2009   1,980,000 1,977,269
Federal National Mortgage Association Discount    
Notes      
zero coupon due 02/02/2009 to      
02/25/2009     1,000,000   998,299
TOTAL SHORT TERM INVESTMENTS        
(Cost $4,971,179)        $ 4,971,179
Total Investments (Lifecycle Retirement Portfolio)    
(Cost $247,026,533) - 99.27%   $ 179,333,283
Other Assets in Excess of Liabilities - 0.73%   1,327,161
TOTAL NET ASSETS - 100.00%   $ 180,660,444

The accompanying notes are an integral part of the financial statements.
4

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

Footnotes
Percentages are stated as a percent of net assets.

(f) The subadviser is an affiliate of the adviser.

(g) The Underlying Fund's subadviser is shown parenthetically.

The accompanying notes are an integral part of the financial statements.
5

Notes to the Schedule of Investments (Unaudited)

Securities valuation
The net asset value of each Lifecycle Portfolio is determined daily as of the close of the New York Stock Exchange (“NYSE”), normally at 4:00 p.m., Eastern Time. Investments by the Lifecycle Portfolios in underlying affiliated funds are valued at their respective net asset values each business day and securities in the underlying funds 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, and thereafter assume a constant amortization to maturity of any discount or premium, which approximates market value. All other securities held by the Portfolios and by the underlying affiliated 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 the principal securities exchange (domestic or foreign) on which they trade 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, which take into account factors such as institutional size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data.

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

The Portfolios adopted Statement of Financial Accounting Standards No. 157 (FAS 157), Fair Value Measurements , effective with the beginning of the Portfolios’ fiscal year. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

• Level 1 – Quoted prices in active markets for identical securities.

• Level 2 – Prices determined using other significant observable inputs. Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly through corroboration with observable market data. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.

• Level 3 – Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Portfolios’ own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following tables are a summary of the inputs used to value the Portfolios’ net assets as of November 30, 2008. Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Lifecycle 2045    
  Investments in Other Financial
Valuation Inputs:  Securities  Instruments*
Level 1 - Quoted Prices $83,292,679 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $83,292,679 -

Lifecycle 2040    
  Investments in Other Financial
Valuation Inputs:  Securities  Instruments*
Level 1 - Quoted Prices $93,818,862 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $93,818,862 -

Lifecycle 2035    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $131,983,776 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $131,983,776 -

Lifecycle 2030    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $178,621,905 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $178,621,905 -

Lifecycle 2025    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $229,368,099 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $229,368,099 -

Lifecycle 2020    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $224,935,208 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $224,935,208 -

Lifecycle 2015    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $180,593,513 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $180,593,513 -

Lifecycle 2010    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $103,246,362 -
Level 2 - Other Significant Observable Inputs - -
Level 3 – Significant Unobservable Inputs - -
Total $103,246,362 -

Lifecycle Retirement    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $174,362,104 ($1,767,641)
Level 2 - Other Significant Observable Inputs 4,971,179 -
Level 3 – Significant Unobservable Inputs - -
Total $179,333,283 ($1,767,641)

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Futures
Lifecycle Retirement may purchase and sell financial futures contracts and options on those contracts. The Portfolio may invest in contracts based on financial instruments such as U.S. Treasury Bonds or Notes, or 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 Portfolio.

Initial margin deposits required upon entering into futures contracts are satisfied by the delivery of specific securities or cash as collateral to the broker (the Portfolios’ agent in acquiring the futures position) . If the position is closed out by 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 Portfolio realizes a gain or loss.

When the Portfolio sells a futures contract based on a financial instrument, the Portfolio becomes obligated to deliver that kind of instrument at an agreed upon date for a specified price. The Portfolio 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 Portfolio 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 November 30, 2008:

            Unrealized
    Number of   Expiration Notional Appreciation
Portfolio Open Contracts Contracts   Position Date Value (Depreciation)
Lifecycle            
Retirement S&P 500 E-mini Futures 95 Long Dec 2008 $4,252,675 ($1,610,868)
 
  U.S. Treasury 10-Year Note Futures 30   Short Dec 2008 3,686,719 (156,773)
            ($1,767,641)

Cost of investment securities for federal income tax purposes

At November 30, 2008, the aggregate security unrealized appreciation and depreciation based on the cost of investment securities for U.S. federal income tax purposes were as follows:

        Net
        Unrealized
    Unrealized Unrealized Appreciation
Fund Aggregate Cost Appreciation (Depreciation) (Depreciation)
Lifecycle 2045 $129,521,865 - ($46,229,186) ($46,229,186)
Lifecycle 2040 146,699,548 - (52,880,686) (52,880,686)
Lifecycle 2035 207,803,110 - (75,819,334) (75,819,334)
Lifecycle 2030 280,783,137 - (102,161,232) (102,161,232)
Lifecycle 2025 355,377,201 - (126,009,102) (126,009,102)
Lifecycle 2020 344,024,942 $7,717 (119,097,451) (119,089,734)
Lifecycle 2015 269,288,236 - (88,694,723) (88,694,723)
Lifecycle 2010 148,579,378 - (45,333,016) (45,333,016)
Lifecycle Retirement 247,026,533 69,800 (67,763,050) (67,693,250)


JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited)
(showing percentage of total net assets)

Absolute Return Portfolio    
Shares or  
Principal   
Amount   Value
 
INVESTMENT COMPANIES - 98.35%    
 
Investment Companies - 19.81%    
iShares Lehman Aggregate Bond Fund 1,000 $ 98,100
iShares MSCI EAFE Index Fund 2,600 108,342
iShares Russell 2000 Index Fund 800 37,768
iShares S&P Mid Cap Fund * 1,500 77,280
PowerShares DB Commodity    
Index Tracking Fund 4,545 103,581
SPDR Lehman High Yield Bond ETF 5,800 164,662
SPDR Trust Series 1 1,700 152,915
Vanguard REIT ETF 1,800 57,906
    800,554
JOHN HANCOCK FUNDS II (g) - 77.07%    
Blue Chip Growth (T. Rowe Price) * 6,974 84,595
Capital Appreciation (Jennison) * 12,945 91,394
Core Bond (Wells Capital) 17,207 207,687
Emerging Markets Value (DFA) * 34,146 172,097
Equity-Income (T. Rowe Price) * 5,622 64,760
Floating Rate Income (WAMCO) 17,577 126,733
Fundamental Value (Davis) * 11,328 119,060
Global Bond (PIMCO) 5,958 78,345
Global Real Estate (Deutsche) * 26,964 135,627
High Income (MFC Global U.S.) 17,360 84,023
High Yield (WAMCO) 15,393 92,514
International Opportunities (Marsico) * 9,209 80,672
International Small Company (DFA) * 10,655 55,086
International Value (Templeton) * 8,369 86,953
Investment Quality Bond (Wellington) 15,489 167,122
Large Cap Value (BlackRock) * 3,973 60,545
Mid Cap Stock (Wellington) * 7,811 80,688
Mid Cap Value Equity (RiverSource) * 13,302 81,009
Natural Resources (Wellington) * 3,869 76,186
Optimized All Cap (MFC Global U.S.A.) * (f) 9,847 56,426
Real Estate Equity (T. Rowe Price) * 27,940 119,581
Real Return Bond (PIMCO) 10,056 115,645
Small Company Growth (AIM) * 7,568 57,671
Small Company Value (T. Rowe Price) * 3,661 60,704
Spectrum Income (T. Rowe Price) 22,939 200,490
Strategic Income (MFC Global U.S.) 23,545 201,783
Total Return (PIMCO) 15,122 201,576
U.S. High Yield Bond (Wells Capital) 11,373 102,134
Value & Restructuring (Columbia) 7,884 52,742
    3,113,848
JOHN HANCOCK FUNDS III (g) - 1.47%    
International Core (GMO) 2,434   59,167
TOTAL INVESTMENT COMPANIES (Cost $5,608,743)   $ 3,973,569
Total Investments (Absolute Return Portfolio)    
(Cost $5,608,743) - 98.35%    $ 3,973,569
Other Assets in Excess of Liabilities - 1.65%   66,748
TOTAL NET ASSETS - 100.00%    $ 4,040,317

Active Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 9.71%    
 
U.S. Treasury Bonds - 2.03%      
3.75% due 11/15/2018 $ 4,540,000  $ 4,849,642
4.375% due 02/15/2038   3,375,000 3,911,572
8.75% due 08/15/2020   1,663,000 2,458,382
      11,219,596
 
U.S. Treasury Notes - 7.68%      
2.00% due 02/28/2010   241,000 244,992
3.125% due 09/30/2013 (a)   9,090,000 9,620,483
3.875% due 05/15/2018   4,675,000 5,049,731
4.00% due 08/15/2018 (a)   4,497,000 4,902,432
4.25% due 08/15/2015 (a)   8,045,000 9,024,229
4.75% due 02/15/2010 (a)   12,865,000 13,491,165
      42,333,032
  
TOTAL U.S. TREASURY OBLIGATIONS      
(Cost $49,428,941)       $ 53,552,628
 
U.S. GOVERNMENT AGENCY OBLIGATIONS - 35.77%  
 
Federal Home Loan Mortgage Corp. - 1.87%    
5.50% due 07/01/2038   1,277,721 1,297,685
5.754% due 04/01/2037   749,065 754,579
5.825% due 03/01/2037 (b)   2,065,245 2,084,367
5.875% due 03/21/2011   81,000 84,236
6.00% due 05/01/2037 to 08/01/2038   5,960,628 6,099,396
      10,320,263
 
Federal National Mortgage      
Association - 33.85%      
zero coupon PO due 02/01/2015   390,000 298,074
3.50% due 06/18/2010   2,785,000 2,803,068
4.139% due 05/01/2035   2,424,055 2,419,728
4.375% due 03/15/2013   20,000 21,102
4.50% TBA **   6,000,000 5,996,250
5.00% due 05/01/2018 to 05/01/2038   29,615,621 29,900,688
5.00% TBA **   5,000,000 5,056,250
5.07% due 07/01/2033 (b)   2,632 2,667
5.125% due 04/15/2011 (a)   5,095,000 5,356,236
5.50% due 03/15/2011 to 07/01/2038   84,750,763 86,509,318
5.50% TBA **   5,725,000 5,820,715
5.574% due 01/01/2036 (b)   1,358,434 1,363,357
5.718% due 04/01/2036 (b)   998,320 1,004,971
6.00% due 09/01/2022 to 01/01/2038   27,900,389 28,585,461
6.00% TBA **   11,000,000 11,249,218
6.25% due 05/15/2029   157,000 187,235
6.50% due 02/01/2036 to 02/01/2037   87,217 89,791
7.00% due 09/01/2010 to 10/25/2041   66,000 68,802
7.50% due 09/01/2029 to 08/01/2031   5,046 5,296
      186,738,227
 
Government National Mortgage      
Association - 0.05%      
5.00% due 04/15/2035   99,794 100,764
5.50% due 03/15/2035   96,841 98,751
6.00% due 03/15/2033 to 06/15/2033   39,434 40,480
6.50% due 09/15/2028 to 08/15/2031   7,105 7,509
7.00% due 04/15/2029   2,368 2,458

The accompanying notes are an integral part of the financial statements.
1

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Government National Mortgage      
Association (continued)      
8.00% due 10/15/2026 $ 2,229 $ 2,424
      252,386
 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $193,234,996)       $ 197,310,876
 
FOREIGN GOVERNMENT OBLIGATIONS - 0.07%  
 
Argentina - 0.01%      
Republic of Argentina      
0.63% due 12/31/2038 (b) ARS 177,218 7,669
1.00% due 12/15/2035 (b)   393,449 8,630
5.83% due 12/31/2033 (b)   72,870 10,368
      26,667
Canada - 0.00%      
Government of Canada      
5.50% due 06/01/2010 CAD 5,000 4,258
 
Colombia - 0.00%      
Republic of Colombia      
10.00% due 01/23/2012 $ 20,000 21,200
11.75% due 03/01/2010 COP 8,000,000 3,516
      24,716
 
Japan - 0.01%      
Government of Japan      
0.90% due 12/22/2008 JPY 550,000 5,756
1.50% due 09/20/2014   1,350,000 14,603
1.80% due 03/22/2010   2,650,000 28,170
      48,529
Mexico - 0.05%      
Government of Mexico      
8.00% due 12/07/2023 MXN 238,900 16,185
8.00% due 12/19/2013   167,800 11,977
9.875% due 02/01/2010 $ 205,000 220,888
      249,050
 
Panama - 0.00%      
Republic of Panama      
8.875% due 09/30/2027   6,000 5,760
9.375% due 04/01/2029   1,000 995
      6,755
 
Peru - 0.00%      
Republic of Peru      
9.875% due 02/06/2015   2,000 2,175
 
Philippines - 0.00%      
Republic of Philippines      
9.125% due 02/22/2010 EUR 2,000 2,426
 
Sweden - 0.00%      
Kingdom of Sweden      
5.00% due 01/28/2009 SEK 30,000 3,701
5.25% due 03/15/2011   30,000 3,939
      7,640
  
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $431,433)        $ 372,216

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 35.36%      
Advertising - 0.01%      
R.H. Donnelley Corp.      
8.875% due 10/15/2017 $ 560,000 $ 75,600
 
Aerospace - 0.04%      
BAE Systems Asset Trust      
6.664% due 09/15/2013 (h)   35,743 36,509
BE Aerospace, Inc.      
8.50% due 07/01/2018   250,000 205,000
      241,509
Agriculture - 0.22%      
Archer-Daniels-Midland Company      
6.45% due 01/15/2038   1,000,000 895,696
Mosaic Company      
7.625% due 12/01/2016 (h)   390,000 323,700
      1,219,396
Air Travel - 0.20%      
Continental Airlines, Inc., Series 00-2      
8.307% due 10/02/2019   166,411 116,488
Continental Airlines, Inc., Series 991A      
6.545% due 02/02/2019   100,570 80,959
Delta Air Lines, Inc.      
6.821% due 08/10/2022   523,564 329,845
Delta Air Lines, Inc., Series 02-1      
6.417% due 07/02/2012   515,000 375,950
Northwest Airlines, Inc., Series 07-1      
7.027% due 11/01/2019   310,000 176,700
      1,079,942
Aluminum - 0.02%      
Alcoa, Inc.      
5.72% due 02/23/2019   150,000 104,504
 
Amusement & Theme Parks - 0.01%      
HRP Myrtle Beach Operations LLC      
zero coupon due 04/01/2012 ^ (b)(h)   140,000 61,600
 
Auto Parts - 0.07%      
Allison Transmission, Inc.      
11.00% due 11/01/2015 (h)   395,000 197,500
Delphi Corp.      
6.197% due 11/15/2033 ^   2,000 0
Tenneco Automotive, Inc.      
8.625% due 11/15/2014   505,000 186,850
      384,350
 
Auto Services - 0.06%      
ERAC USA Finance Company      
6.375% due 10/15/2017 (h)   320,000 211,739
7.95% due 12/15/2009 (h)   10,000 9,527
United Rentals North America, Inc.      
7.00% due 02/15/2014   95,000 54,150
7.75% due 11/15/2013   100,000 61,000
      336,416
Automobiles - 0.06%      
DaimlerChrysler N.A. Holding Corp.      
5.875% due 03/15/2011   395,000 330,692
 
Banking - 1.54%      
Allied Irish Banks PLC      
7.50% due 12/29/2049 (b) EUR 1,000 572

The accompanying notes are an integral part of the financial statements.
2

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
 
Banking (continued)      
BAC Capital Trust XIII      
3.2188% due 03/15/2043 (b) $ 640,000 $ 219,361
BAC Capital Trust XV      
3.61% due 06/01/2056 (b)   925,000 435,914
Banco Mercantil del Norte SA      
6.862% due 10/13/2021 (h)   435,000 243,600
Banco Santander Chile      
3.1644% due 12/09/2009 (b)(h)   18,000 17,748
5.375% due 12/09/2014 (h)   5,000 4,711
Bank of Ireland      
6.45% due 02/10/2010 EUR 1,000 1,278
BNP Paribas      
7.195% due 12/31/2049 (b)(h) $ 190,000 117,709
Chuo Mitsui Trust & Banking Company      
5.506% due 12/29/2049 (b)(h)   500,000 343,834
Comerica Capital Trust II      
6.576% due 02/20/2037 (b)   1,000,000 381,431
HBOS PLC      
5.375% due 12/29/2049 (b)(h)   22,000 11,405
6.413% due 09/29/2049 (b)(h)   450,000 250,081
HSBC Holdings PLC      
6.50% due 09/15/2037   435,000 364,430
Independence Community Bank Corp.      
3.75% due 04/01/2014 (b)   85,000 68,507
Landsbanki Islands HF      
zero coupon due 08/25/2009 (b)(h)   490,000 4,900
6.10% due 08/25/2011 (h)   295,000 2,950
7.431% due 12/31/2049 (b)(h)   805,000 7,044
Lloyds TSB Group PLC      
6.267% due 12/31/2049 (b)(h)   545,000 212,975
Mellon Capital IV, Series 1      
6.244% due 06/29/2049 (b)   400,000 240,294
Natixis      
10.00% due 04/29/2049 (b)(h)   325,000 166,976
Northern Trust Company      
6.50% due 08/15/2018   190,000 196,505
Rabobank Capital Funding II      
5.26% due 12/29/2049 (b)(h)   790,000 524,106
RBS Capital Trust IV      
4.5619% due 09/29/2049 (b)   18,000 6,871
Royal Bank of Scotland Group PLC      
7.648% due 08/31/2049 (b)   580,000 301,139
Royal Bank of Scotland Group PLC, MTN      
7.64% due 03/31/2049   300,000 135,000
Shinhan Bank      
6.819% due 09/20/2036 (b)   515,000 233,536
Silicon Valley Bank      
6.05% due 06/01/2017   415,000 338,632
Standard Chartered PLC      
6.40% due 09/26/2017 (h)   1,000,000 814,724
6.409% due 01/30/2017 (b)(h)   1,215,000 681,305
SunTrust Capital VIII      
6.10% due 12/01/2066 (b)   630,000 399,370
SunTrust Preferred Capital I      
5.853% due 12/31/2049 (b)   605,000 272,250
TuranAlem Finance BV      
7.875% due 06/02/2010   12,000 7,230
USB Capital IX      
6.189% due 03/29/2049 (b)   2,025,000 1,053,000

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
 
Banking (continued)      
Wachovia Bank NA      
5.85% due 02/01/2037 $ 395,000 $ 323,646
Wachovia Bank NA, BKNT      
6.60% due 01/15/2038   150,000 130,289
      8,513,323
 
Broadcasting - 0.21%      
News America Holdings, Inc.      
6.75% due 01/09/2038   2,000 1,972
7.75% due 12/01/2045   9,000 8,149
8.25% due 08/10/2018   375,000 374,506
News America, Inc.      
6.65% due 11/15/2037   865,000 693,593
XM Satellite Radio Holdings, Inc.      
13.00% due 08/01/2013 (h)   360,000 91,800
      1,170,020
 
Building Materials & Construction - 0.25%    
CRH America, Inc.      
8.125% due 07/15/2018   425,000 328,385
Masco Corp.      
5.85% due 03/15/2017   705,000 482,341
USG Corp.      
6.30% due 11/15/2016   1,000,000 585,000
      1,395,726
 
Business Services - 0.26%      
Electronic Data Systems Corp.      
7.125% due 10/15/2009   2,000 2,023
Minerva Overseas, Ltd.      
9.50% due 02/01/2017 (h)   460,000 224,250
Science Applications International Corp.      
5.50% due 07/01/2033   825,000 661,057
Sotheby's      
7.75% due 06/15/2015   360,000 221,400
Xerox Corp.      
6.75% due 02/01/2017   435,000 318,898
      1,427,628
 
Cable & Television - 1.17%      
AT&T Broadband Corp.      
8.375% due 03/15/2013   305,000 304,841
CCH II LLC / CCH II Capital Corp.      
10.25% due 10/01/2013 (h)   312,000 141,960
Comcast Corp.      
4.95% due 06/15/2016   360,000 295,827
COX Communications, Inc.      
4.625% due 01/15/2010   22,000 20,650
5.45% due 12/15/2014   218,000 193,088
6.75% due 03/15/2011   209,000 202,605
7.75% due 11/01/2010   207,000 201,774
Cox Communications, Inc., Class A      
4.625% due 06/01/2013   340,000 294,485
Rogers Cable, Inc.      
6.75% due 03/15/2015   300,000 278,250
TCI Communications, Inc.      
9.80% due 02/01/2012   315,000 333,786
Time Warner Cable, Inc.      
6.75% due 07/01/2018   475,000 416,500

The accompanying notes are an integral part of the financial statements.
3

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
 
Cable & Television (continued)      
Time Warner Companies, Inc.      
7.57% due 02/01/2024 $ 34,000 $ 29,133
Time Warner Entertainment Company LP      
8.375% due 07/15/2033   535,000 459,999
8.375% due 03/15/2023   335,000 307,213
Time Warner, Inc.      
6.75% due 04/15/2011   575,000 543,217
7.625% due 04/15/2031   9,000 7,737
Viacom, Inc.      
5.75% due 04/30/2011   1,000,000 911,242
6.625% due 05/15/2011   575,000 500,976
6.75% due 10/05/2037   630,000 459,928
6.875% due 04/30/2036   760,000 549,383
      6,452,594
 
Cellular Communications - 0.36%      
America Movil SAB de CV      
5.75% due 01/15/2015   305,000 267,638
American Tower Corp.      
7.50% due 05/01/2012   12,000 11,220
AT&T Wireless Services, Inc.      
7.875% due 03/01/2011   211,000 213,641
8.75% due 03/01/2031   209,000 201,963
Nextel Communications, Inc.      
6.875% due 10/31/2013   435,000 176,817
Rogers Wireless, Inc.      
9.625% due 05/01/2011   8,000 8,089
Verizon Wireless Capital LLC      
7.375% due 11/15/2013 (h)   360,000 356,658
8.50% due 11/15/2018 (h)   725,000 731,516
      1,967,542
 
Chemicals - 0.28%      
American Pacific Corp.      
9.00% due 02/01/2015   425,000 374,000
Ecolab, Inc.      
4.875% due 02/15/2015   350,000 302,447
ICI Wilmington, Inc.      
4.375% due 12/01/2008   218,000 218,000
Momentive Performance Materials, Inc.      
9.75% due 12/01/2014   480,000 186,000
Nova Chemicals, Ltd.      
7.875% due 09/15/2025   265,000 172,250
Sterling Chemicals, Inc.      
10.25% due 04/01/2015   305,000 292,800
      1,545,497
 
Chemicals-Diversified - 0.11%      
The Dow Chemical Company      
5.70% due 05/15/2018   700,000 600,437
 
Computers & Business Equipment - 0.33%    
Cisco Systems, Inc.      
5.50% due 02/22/2016   510,000 498,993
Computer Sciences Corp.      
6.50% due 03/15/2018 (h)   965,000 770,543
International Business Machines Corp      
8.00% due 10/15/2038   510,000 570,571
      1,840,107

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
 
Containers & Glass - 0.11%      
BWAY Corp.      
10.00% due 10/15/2010 $ 492,000 $ 423,120
Smurfit-Stone Container Enterprises, Inc.      
8.00% due 03/15/2017   435,000 115,275
US Corrugated, Inc.      
10.00% due 06/12/2013   110,000 57,200
      595,595
 
Crude Petroleum & Natural Gas - 0.40%      
Apache Corp.      
5.625% due 01/15/2017   1,000,000 944,798
6.90% due 09/15/2018   455,000 462,721
EnCana Corp.      
6.50% due 08/15/2034   1,000,000 770,908
Premcor Refining Group, Inc.      
7.50% due 06/15/2015   4,000 3,872
      2,182,299
 
Domestic Oil - 0.23%      
Devon Financing Corp., ULC      
6.875% due 09/30/2011   205,000 205,736
7.875% due 09/30/2031   1,060,000 1,051,503
      1,257,239
 
Drugs & Health Care - 0.03%      
Allegiance Corp.      
7.00% due 10/15/2026   205,000 167,773
 
Electrical Utilities - 3.55%      
AES Eastern Energy LP, Series 99-A      
9.00% due 01/02/2017   609,893 548,904
AES Gener SA      
7.50% due 03/25/2014   218,000 212,387
American Electric Power Company, Inc.      
5.25% due 06/01/2015   210,000 183,951
Appalachian Power Company      
5.80% due 10/01/2035   39,000 27,925
7.00% due 04/01/2038   425,000 360,319
Arizona Public Service Company      
5.50% due 09/01/2035   222,000 120,097
CenterPoint Energy Houston Electric LLC, Series K2    
6.95% due 03/15/2033   10,000 7,231
CenterPoint Energy Resources Corp.      
7.875% due 04/01/2013   235,000 202,927
CenterPoint Energy Resources Corp., MTN      
6.00% due 05/15/2018   1,000,000 786,677
CenterPoint Energy, Inc.      
6.50% due 05/01/2018   1,000,000 801,895
Commonwealth Edison Company      
5.80% due 03/15/2018   1,985,000 1,755,698
Constellation Energy Group, Inc.      
4.55% due 06/15/2015   815,000 648,332
7.60% due 04/01/2032   246,000 207,334
Dominion Resources, Inc.      
5.00% due 03/15/2013   575,000 527,982
5.70% due 09/17/2012   207,000 194,867
6.30% due 09/30/2066 (b)   800,000 392,000
7.50% due 06/30/2066 (b)   320,000 163,200
Empresa Nacional De Electricidad      
8.50% due 04/01/2009   8,000 8,109

The accompanying notes are an integral part of the financial statements.
4

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
Enel Finance International SA      
6.25% due 09/15/2017 (h) $ 565,000 $ 493,231
Enersis SA      
7.375% due 01/15/2014   12,000 12,076
Entergy Louisiana LLC      
8.09% due 01/02/2017   484,331 510,563
FirstEnergy Corp.      
6.45% due 11/15/2011   209,000 196,199
7.375% due 11/15/2031   676,000 555,956
Funding Corp.      
9.00% due 06/01/2017   924,000 882,586
Indiantown Cogeneration LP, Series A-9      
9.26% due 12/15/2010   62,624 59,040
Ipalco Enterprises, Inc.      
8.625% due 11/14/2011   365,000 313,900
Israel Electric Corp., Ltd.      
7.25% due 01/15/2019 (h)   1,720,000 1,542,088
Midwest Generation LLC, Series B      
8.56% due 01/02/2016   584,360 534,690
National Grid PLC      
6.30% due 08/01/2016   485,000 429,134
Nevada Power Company      
5.875% due 01/15/2015   370,000 339,172
6.65% due 04/01/2036   530,000 431,012
Oncor Electric Delivery Company      
6.375% due 05/01/2012   850,000 805,718
Pacific Gas & Electric Company      
4.20% due 03/01/2011   246,000 237,799
4.80% due 03/01/2014   212,000 195,610
8.25% due 10/15/2018   455,000 504,777
Peco Energy Company      
5.35% due 03/01/2018   1,000,000 894,353
PSEG Power LLC      
5.00% due 04/01/2014   214,000 182,295
8.625% due 04/15/2031   214,000 192,148
San Diego Gas & Electric Company, Series FFF    
6.125% due 09/15/2037   1,000,000 920,628
Scottish Power PLC      
4.91% due 03/15/2010   225,000 222,094
Sierra Pacific Power Company, Series M      
6.00% due 05/15/2016   840,000 761,724
Texas Competitive Electric Holdings Company LLC    
10.50% due 11/01/2015 (h)   470,000 300,800
United Energy Distribution Property, Ltd.      
4.70% due 04/15/2011 (h)   96,000 100,566
Virginia Electric and Power Company      
6.00% due 01/15/2036   620,000 514,444
8.875% due 11/15/2038   290,000 315,047
      19,597,485
 
Electronics - 0.07%      
Jabil Circuit, Inc.      
5.875% due 07/15/2010   17,000 15,130
Tyco Electronics Group SA      
7.125% due 10/01/2037   501,000 388,119
      403,249
 
Energy - 0.53%      
Duke Capital LLC      
6.75% due 02/15/2032   511,000 357,205

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Enterprise Products Operating LP      
4.95% due 06/01/2010 $ 210,000 $ 201,133
Enterprise Products Operating LP, Series B      
5.60% due 10/15/2014 (h)   680,000 577,846
6.875% due 03/01/2033   209,000 149,920
Nexen, Inc.      
5.875% due 03/10/2035   577,000 398,410
6.40% due 05/15/2037   625,000 451,709
Salton Sea Funding Corp., Series F      
7.475% due 11/30/2018   222,941 239,392
Sempra Energy      
4.75% due 05/15/2009   208,000 204,412
8.90% due 11/15/2013   360,000 357,120
      2,937,147
 
Financial Services - 6.98%      
Allied Capital Corp.      
6.625% due 07/15/2011   255,000 193,166
American Express Bank FSB, BKNT      
6.00% due 09/13/2017   805,000 646,196
American Express Company      
7.00% due 03/19/2018   1,065,000 947,807
American Express Credit Corp., Series C      
7.30% due 08/20/2013   575,000 549,962
American General Finance Corp.      
6.90% due 12/15/2017   335,000 133,163
American Honda Finance Corp.      
7.625% due 10/01/2018 (h)   615,000 627,823
Astoria Depositor Corp.      
8.144% due 05/01/2021 (h)   600,000 445,125
AXA Financial, Inc.      
7.75% due 08/01/2010   210,000 205,170
Bear Stearns Companies, Inc.      
7.25% due 02/01/2018   360,000 363,024
Bear Stearns Companies, Inc., MTN      
2.3863% due 11/28/2011 (b)   640,000 584,682
Bosphorus Financial Services, Ltd.      
3.975% due 02/15/2012 (b)(h)   304,484 305,626
Bunge Ltd. Finance Corp.      
5.35% due 04/15/2014   430,000 317,732
5.875% due 05/15/2013   25,000 20,127
Capmark Financial Group, Inc.      
5.875% due 05/10/2012   1,300,000 383,707
Caterpillar Financial Services Corp.      
4.50% due 06/15/2009   210,000 208,824
Caterpillar Financial Services Corp., MTN      
5.45% due 04/15/2018   870,000 767,252
CIT Group, Inc.      
5.00% due 02/13/2014   95,000 57,831
5.65% due 02/13/2017   125,000 72,344
CIT Group, Inc., MTN      
5.125% due 09/30/2014   95,000 54,031
Citigroup, Inc.      
5.50% due 04/11/2013   505,000 459,588
5.625% due 08/27/2012   219,000 195,139
6.125% due 11/21/2017   640,000 584,983
6.125% due 05/15/2018   590,000 534,207
6.875% due 03/05/2038   250,000 234,584
8.40% due 04/29/2049 (b)   1,305,000 769,950

The accompanying notes are an integral part of the financial statements.
5

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
CNOOC Finance      
5.50% due 05/21/2033 (h) $ 10,000 $ 8,925
Credit Suisse First Boston USA, Inc.      
2.2975% due 11/20/2009 (b)   1,220,000 1,167,837
6.50% due 01/15/2012   209,000 206,843
Dresdner Bank-New York      
7.25% due 09/15/2015   281,000 253,189
ERP Operating LP      
4.75% due 06/15/2009   13,000 12,711
ESI Tractebel Acquisition Corp., Series B      
7.99% due 12/30/2011   428,000 391,620
Ford Motor Credit Company LLC      
9.75% due 09/15/2010   468,000 243,360
9.875% due 08/10/2011   180,000 86,400
FPL Group Capital, Inc.      
6.35% due 10/01/2066 (b)   650,000 357,500
Fund American Companies, Inc.      
5.875% due 05/15/2013   214,000 159,870
General Electric Capital Corp.      
5.45% due 01/15/2013   261,000 255,799
5.625% due 05/01/2018   455,000 416,725
Goldman Sachs Capital II      
5.793% due 12/29/2049 (b)   760,000 285,399
Goldman Sachs Group, Inc.      
5.125% due 01/15/2015   640,000 522,023
6.75% due 10/01/2037   370,000 239,847
Harley-Davidson Funding Corp.      
6.80% due 06/15/2018 (h)   1,000,000 642,638
HSBC Finance Corp.      
5.00% due 06/30/2015   645,000 552,790
HVB Funding Trust III      
9.00% due 10/22/2031 (h)   10,000 4,024
Independencia International, Ltd.      
9.875% due 01/31/2017 (h)   290,000 115,275
9.875% due 05/15/2015 (h)   100,000 40,262
International Lease Finance Corp.      
3.50% due 04/01/2009   213,000 196,103
4.55% due 10/15/2009   7,000 6,028
4.75% due 07/01/2009   30,000 26,737
International Lease Finance Corp., MTN      
5.45% due 03/24/2011   555,000 392,624
International Lease Finance Corp., Series P      
5.1525% due 01/15/2010 (b)   13,000 9,938
Jefferies Group, Inc.      
6.45% due 06/08/2027   210,000 139,908
John Deere Capital Corp., Series D      
4.125% due 01/15/2010   39,000 38,680
JPMorgan Chase & Company      
6.75% due 02/01/2011   218,000 219,215
JPMorgan Chase & Company, Series L      
7.90% due 12/31/2049   2,070,000 1,624,950
JPMorgan Chase Capital XX, Series T      
6.55% due 09/29/2036   750,000 543,333
JPMorgan Chase Capital XXIII      
3.1488% due 05/15/2047 (b)   915,000 459,845
Kaupthing Bank HF      
5.75% due 10/04/2011 (h)   750,000 45,000
Lehman Brothers Holdings, Inc., MTN      
zero coupon due 01/26/2017 ^ (b)   1,120,000 100,800

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
MBNA Capital, Series B      
3.9925% due 02/01/2027 (b) $ 23,000 $ 14,205
Merrill Lynch & Company, Inc.      
3.7425% due 05/02/2017 (b)   1,000,000 784,846
7.75% due 05/14/2038   1,855,000 1,706,885
Merrill Lynch & Company, Inc., MTN      
3.0438% due 06/05/2012 (b)   472,000 374,691
6.875% due 04/25/2018   1,535,000 1,451,098
Mizuho Financial Group (Cayman), Ltd.      
8.375% due 12/29/2049   455,000 410,110
Morgan Stanley      
4.25% due 05/15/2010   232,000 219,595
4.9525% due 10/18/2016 (b)   830,000 573,323
Morgan Stanley, MTN      
5.95% due 12/28/2017   290,000 233,343
6.625% due 04/01/2018   825,000 685,976
Nelnet, Inc.      
7.40% due 09/29/2036 (b)   400,000 161,214
NiSource Finance Corp.      
6.15% due 03/01/2013   219,000 184,032
6.80% due 01/15/2019   350,000 253,810
7.875% due 11/15/2010   216,000 194,420
Osiris Capital PLC, Series C      
7.6025% due 01/15/2010 (b)(h)   920,000 892,952
Osiris Capital PLC, Series D      
9.7525% due 01/15/2010 (b)(h)   360,000 351,756
PNC Financial Services Group, Inc.      
8.25% due 12/31/2049 (b)   760,000 684,993
PNC Funding Corp.      
3.56% due 01/31/2012 (b)   1,000,000 815,307
4.50% due 03/10/2010   1,500,000 1,482,623
Popular North America, Inc.      
4.70% due 06/30/2009   12,000 11,620
QBE Capital Funding II LP      
6.797% due 06/01/2049 (b)(h)   430,000 182,971
Schwab Capital Trust I      
7.50% due 11/15/2037 (b)   1,435,000 664,419
Skandinaviska Enskilda Banken AB      
5.471% due 03/29/2049 (b)(h)   400,000 252,932
SLM Corp.      
3.835% due 01/27/2014 (b)   1,840,000 971,115
4.50% due 07/26/2010   410,000 345,553
SLM Corp., MTN      
8.45% due 06/15/2018   475,000 348,273
SLM Corp., MTN, Series A      
3.675% due 07/27/2009 (b)   1,000,000 923,836
SLM Corp., MTN, Series X      
2.9188% due 03/16/2009 (b)   600,000 587,957
SMFG Preferred Capital      
6.078% due 01/29/2049 (b)(h)   400,000 285,496
Sovereign Capital Trust VI      
7.908% due 06/13/2036   295,000 197,650
Tate & Lyle International Finance PLC      
5.00% due 11/15/2014 (h)   208,000 162,467
Teco Finance, Inc.      
6.572% due 11/01/2017   162,000 124,157
7.00% due 05/01/2012   233,000 219,972
Ucar Finance, Inc.      
10.25% due 02/15/2012   20,000 19,250

The accompanying notes are an integral part of the financial statements.
6

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
Vita Capital III, Ltd., Series B-I      
4.9825% due 01/01/2011 (b)(h) $ 870,000 $ 813,102
Waddell & Reed Financial, Inc.      
5.60% due 01/15/2011   400,000 413,237
Wells Fargo Capital XIII, MTN, Series G      
7.70% due 12/29/2049   1,000,000 811,231
Westfield Capital Corp., Ltd.      
4.375% due 11/15/2010 (h)   304,000 244,087
      38,482,745
 
Food & Beverages - 1.83%      
ASG Consolidated LLC/ASG Finance, Inc.      
11.50 due 11/01/2011 (h)   395,000 337,725
Bottling Group LLC      
6.95% due 03/15/2014   355,000 371,799
Cargill, Inc.      
6.125% due 09/15/2036 (h)   665,000 481,221
Coca-Cola Enterprises Inc      
7.375% due 03/03/2014   415,000 436,897
General Mills, Inc.      
5.20% due 03/17/2015   160,000 145,569
5.65% due 09/10/2012   600,000 592,910
5.70% due 02/15/2017   245,000 224,494
Kellogg Company, Series B      
6.60% due 04/01/2011   209,000 212,417
Kraft Foods, Inc.      
5.625% due 11/01/2011   219,000 216,696
6.00% due 02/11/2013   715,000 699,439
6.125% due 02/01/2018   1,360,000 1,262,392
Kroger Company      
6.40% due 08/15/2017   980,000 923,192
6.80% due 12/15/2018   920,000 817,244
7.00% due 05/01/2018   580,000 556,473
McCormick & Company, Inc.      
5.75% due 12/15/2017   1,000,000 965,732
Nabisco, Inc.      
7.55% due 06/15/2015   229,000 233,421
SABMiller PLC      
6.50% due 07/15/2018 (h)   875,000 761,397
Smithfield Foods, Inc.      
7.00% due 08/01/2011   18,000 10,800
Supervalu, Inc.      
7.50% due 11/15/2014   500,000 390,000
Tesco PLC      
6.15% due 11/15/2037 (h)   570,000 451,604
      10,091,422
 
Gas & Pipeline Utilities - 2.12%      
Buckeye Partners LP      
5.125% due 07/01/2017   225,000 180,369
Dynegy-Roseton Danskammer, Series B      
7.67% due 11/08/2016   360,000 256,788
Enbridge Energy Partners LP, Series B      
6.50% due 04/15/2018   600,000 491,678
Energy Transfer Partners LP      
6.70% due 07/01/2018   1,000,000 828,520
7.50% due 07/01/2038   1,440,000 1,099,909
Kinder Morgan Energy Partners LP      
5.125% due 11/15/2014   240,000 200,605
5.80% due 03/15/2035   208,000 134,722

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Gas & Pipeline Utilities (continued)      
Kinder Morgan Energy Partners LP (continued)    
6.50% due 02/01/2037 $ 1,091,000 $ 775,533
7.30% due 08/15/2033   212,000 164,557
7.75% due 03/15/2032   200,000 170,782
Kinder Morgan Energy Partners LP, MTN      
6.95% due 01/15/2038   540,000 402,626
MarkWest Energy Partners LP/MarkWest Energy    
Finance Corp., Series B      
8.50% due 07/15/2016   330,000 214,500
Michigan Consolidated Gas Company      
5.70% due 03/15/2033   14,000 11,002
NGPL Pipeco LLC      
7.119% due 12/15/2017 (h)   1,420,000 1,172,798
ONEOK Partners LP      
6.15% due 10/01/2016   728,000 638,562
6.65% due 10/01/2036   545,000 397,714
Southern Union Company      
7.20% due 11/01/2066 (b)   950,000 520,125
Spectra Energy Capital LLC      
6.20% due 04/15/2018   3,290,000 2,890,304
Targa Resources Partners LP      
8.25% due 07/01/2016   280,000 162,400
TEPPCO Partners LP      
7.00% due 06/01/2067 (b)   705,000 365,797
Texas Eastern Transmission LP      
6.00% due 09/15/2017 (h)   685,000 600,814
      11,680,105
 
Healthcare Products - 0.15%      
Covidien International Finance SA      
6.00% due 10/15/2017   885,000 819,930
Healthcare Services - 0.30%      
Coventry Health Care, Inc.      
5.875% due 01/15/2012   225,000 175,932
6.30% due 08/15/2014   420,000 285,125
UnitedHealth Group, Inc.      
4.875% due 02/15/2013   225,000 204,783
5.375% due 03/15/2016   240,000 200,798
5.50% due 11/15/2012   235,000 221,511
5.80% due 03/15/2036   115,000 78,220
WellPoint, Inc.      
5.00% due 12/15/2014   208,000 176,150
6.375% due 06/15/2037   415,000 317,328
      1,659,847
 
Holdings Companies/Conglomerates - 0.19%    
General Electric Company      
5.00% due 02/01/2013   1,057,000 1,035,862
SPI Electricity & Gas Australia Holdings Party, Ltd.    
6.15% due 11/15/2013 (h)   16,000 15,797
      1,051,659
 
Homebuilders - 0.35%      
Centex Corp.      
4.55% due 11/01/2010   1,200,000 990,000
5.80% due 09/15/2009   830,000 782,275
Pulte Homes, Inc.      
6.25% due 02/15/2013   210,000 151,200
      1,923,475

The accompanying notes are an integral part of the financial statements.
7

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Hotels & Restaurants - 0.33%      
Darden Restaurants, Inc.      
6.80% due 10/15/2037 $ 835,000 $ 523,299
Marriott International, Inc.      
4.625% due 06/15/2012   26,000 19,957
Starwood Hotels & Resorts Worldwide, Inc.      
6.25% due 02/15/2013   340,000 259,532
Yum! Brands, Inc.      
6.25% due 03/15/2018   405,000 333,392
6.875% due 11/15/2037   965,000 674,575
      1,810,755
 
Household Products - 0.22%      
Clorox Company      
5.00% due 03/01/2013   600,000 564,901
5.95% due 10/15/2017   500,000 448,612
Yankee Acquisition Corp., Series B      
8.50% due 02/15/2015 (a)   415,000 195,050
      1,208,563
 
Industrial Machinery - 0.12%      
Caterpillar, Inc.      
7.25% due 09/15/2009   213,000 215,914
Weatherford International, Ltd.      
6.50% due 08/01/2036   600,000 433,873
      649,787
 
Industrials - 0.17%      
Parker Hannifin Corp., Series MTN      
5.50% due 05/15/2018   1,000,000 953,266
Insurance - 2.94%      
Allied World Assurance Holdings, Ltd.      
7.50% due 08/01/2016   1,490,000 1,168,755
American International Group, Inc.      
8.175% due 05/15/2058 (b)(h)   700,000 236,250
AON Capital Trust A      
8.205% due 01/01/2027   990,000 503,395
Assurant, Inc.      
5.625% due 02/15/2014   209,000 155,687
6.75% due 02/15/2034   550,000 323,940
AXA SA      
6.379% due 12/14/2049 (b)(h)   585,000 285,933
6.463% due 12/31/2049 (b)(h)   275,000 122,513
Catlin Insurance Company, Ltd.      
7.249% due 12/31/2049 (b)(h)   500,000 129,250
Chubb Corp.      
5.75% due 05/15/2018   200,000 179,703
Cigna Corp.      
6.15% due 11/15/2036   500,000 336,838
Cincinnati Financial Corp.      
6.92% due 05/15/2028   960,000 777,761
CNA Financial Corp.      
6.00% due 08/15/2011   280,000 239,191
Endurance Specialty Holdings, Ltd.      
7.00% due 07/15/2034   800,000 555,386
Financial Security Assurance Holdings, Ltd.      
6.40% due 12/15/2066 (b)(h)   795,000 248,125
Foundation Re II, Ltd.      
8.8988% due 11/26/2010 (b)(h)   250,000 240,525
Genworth Financial, Inc.      
6.15% due 11/15/2066 (b)   790,000 79,000

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Insurance (continued)      
Hartford Financial Services Group, Inc.      
4.625% due 07/15/2013 $ 8,000 $ 6,281
Horace Mann Educators Corp.      
6.85% due 04/15/2016   210,000 209,360
Liberty Mutual Group, Inc.      
6.50% due 03/15/2035 (h)   683,000 448,868
7.50% due 08/15/2036 (h)   1,470,000 995,180
7.80% due 03/15/2037 (h)   455,000 230,717
Lincoln National Corp.      
6.05% due 04/20/2067 (b)   495,000 198,000
7.00% due 05/17/2066 (b)   555,000 218,457
Markel Corp.      
6.80% due 02/15/2013   325,000 320,865
Merna Reinsurance, Ltd., Series B      
5.5119% due 07/07/2010 (b)(h)   1,000,000 926,700
Mystic Re, Ltd.      
8.9443% due 12/05/2008 (b)(h)   250,000 249,925
Ohio Casualty Corp.      
7.30% due 06/15/2014   380,000 395,687
Oil Casualty Insurance, Ltd.      
8.00% due 09/15/2034 (h)   1,873,000 1,872,030
PartnerRe Finance II      
6.44% due 12/01/2066 (b)   895,000 454,642
Progressive Corp.      
6.70% due 06/15/2037 (b)   225,000 121,215
Prudential Financial, Inc.      
4.75% due 04/01/2014   227,000 181,195
Prudential Financial, Inc., MTN      
5.15% due 01/15/2013   540,000 477,145
StanCorp Financial Group, Inc.      
6.90% due 05/29/2067 (b)   1,150,000 714,135
Symetra Financial Corp.      
6.125% due 04/01/2016 (h)   350,000 270,830
8.30% due 10/15/2037 (b)(h)   310,000 179,981
Transatlantic Holdings, Inc.      
5.75% due 12/14/2015   575,000 342,495
W.R. Berkley Corp.      
5.125% due 09/30/2010   900,000 903,392
6.15% due 08/15/2019   14,000 12,660
White Mountains Re Group, Ltd.      
7.506% due 05/29/2049 (b)(h)   1,540,000 696,972
XL Capital, Ltd.      
5.25% due 09/15/2014   214,000 134,832
XL Capital, Ltd., Series E      
6.50% due 12/31/2049 (b)   275,000 82,500
      16,226,316
 
International Oil - 0.41%      
ConocoPhillips Canada Funding Company      
5.95% due 10/15/2036   1,000,000 848,368
Delek & Avner-Yam Tethys, Ltd.      
5.326% due 08/01/2013 (h)   173,162 174,860
Pemex Project Funding Master Trust      
4.1188% due 06/15/2010 (b)(h)   218,000 206,010
Ras Laffan Liquefied Natural Gas Company, Ltd.    
3.437% due 09/15/2009 (h)   5,346 5,242
Ras Laffan Liquefied Natural Gas Company, Ltd. III    
5.838% due 09/30/2027 (h)   330,000 222,371

The accompanying notes are an integral part of the financial statements.
8

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
International Oil (continued)      
Talisman Energy, Inc.      
6.25% due 02/01/2038 $ 1,150,000 $ 808,439
      2,265,290
 
Leisure Time - 0.90%      
AMC Entertainment, Inc.      
8.00% due 03/01/2014   495,000 311,850
Cinemark, Inc.      
zero coupon, step up to 9.75% on      
03/15/2009 due 03/15/2014   150,000 122,625
Fontainebleau Las Vegas Holdings      
10.25% due 06/15/2015 (h)   350,000 45,500
Greektown Holdings LLC      
10.75% due 12/01/2013 (a)(h)   220,000 48,400
Indianapolis Downs Capital LLC      
11.00% due 11/01/2012 (h)   225,000 105,750
Jacobs Entertainment, Inc.      
9.75% due 06/15/2014   310,000 145,700
Little Traverse Bay Bands of Odawa Indians      
10.25% due 02/15/2014 (h)   460,000 299,000
Mashantucket Western Pequot Tribe      
8.50% due 11/15/2015 (h)   85,000 32,300
MGM Mirage, Inc.      
6.00% due 10/01/2009   16,000 12,960
Mohegan Tribal Gaming Authority      
6.375% due 07/15/2009   208,000 174,720
8.00% due 04/01/2012   150,000 94,500
MTR Gaming Group, Inc., Series B      
9.00% due 06/01/2012   185,000 92,500
9.75% due 04/01/2010   285,000 211,969
Seminole Indian Tribe of Florida      
6.535% due 10/01/2020 (h)   405,000 422,369
Turning Stone Resort Casino      
9.125% due 09/15/2014 (h)   370,000 281,200
Vivendi      
5.75% due 04/04/2013 (h)   2,515,000 2,332,235
Waterford Gaming LLC      
8.625% due 09/15/2014 (h)   220,000 207,900
      4,941,478
 
Liquor - 0.00%      
Anheuser-Busch Companies, Inc.      
6.50% due 02/01/2043   10,000 7,590
Manufacturing - 0.22%      
Ingersoll-Rand Global Holding Company, Ltd.    
6.875% due 08/15/2018   465,000 425,201
Tyco Electronics Group SA      
6.55% due 10/01/2017   910,000 803,197
      1,228,398
 
Medical-Hospitals - 0.13%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   305,000 247,050
Humana, Inc.      
8.15% due 06/15/2038   590,000 452,021
      699,071
 
Metal & Metal Products - 0.13%      
Alcan, Inc.      
5.00% due 06/01/2015   6,000 4,637

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Metal & Metal Products (continued)      
Blaze Recycling & Metals LLC      
10.875% due 07/15/2012 (h) $ 210,000 $ 157,500
CII Carbon LLC      
11.125% due 11/15/2015 (h)   405,000 380,700
Commercial Metals Company      
7.35% due 08/15/2018   270,000 189,257
      732,094
 
Mining - 0.20%      
Corporacion Nacional del Cobre      
5.50% due 10/15/2013 (h)   209,000 200,952
Drummond Company, Inc.      
7.375% due 02/15/2016 (h)   465,000 255,750
Freeport-McMoRan Copper & Gold, Inc.      
8.375% due 04/01/2017   300,000 207,000
Rio Tinto Finance USA, Ltd.      
6.50% due 07/15/2018   405,000 286,113
Vedanta Resources PLC      
8.75% due 01/15/2014 (h)   315,000 164,194
      1,114,009
 
Oil Comp-Integrated - 0.16%      
Occidental Petroleum Corp.      
7.00% due 11/01/2013   600,000 646,408
Petro-Canada      
6.05% due 05/15/2018   320,000 253,273
      899,681
 
Oil Field Mach&Equip - 0.15%      
BJ Services Company      
6.00% due 06/01/2018   880,000 854,629
Paper - 0.14%      
International Paper Company      
7.95% due 06/15/2018   395,000 312,773
Plum Creek Timberlands LP      
5.875% due 11/15/2015   320,000 267,652
Verso Paper, Inc., Series B      
9.125% due 08/01/2014   380,000 182,400
      762,825
 
Petroleum Services - 0.49%      
Allis-Chalmers Energy, Inc.      
8.50% due 03/01/2017   210,000 118,650
Anadarko Finance Company, Series B      
7.50% due 05/01/2031   900,000 730,570
Anadarko Petroleum Corp.      
6.45% due 09/15/2036   1,000,000 773,929
Enterprise Products Operating LP      
7.034% due 01/15/2068 (b)   405,000 234,821
8.375% due 08/01/2066 (b)   700,000 437,500
McMoRan Exploration Company      
11.875% due 11/15/2014   245,000 177,625
Valero Logistics Operations LP      
6.05% due 03/15/2013   248,000 208,989
      2,682,084
 
Pharmaceuticals - 0.61%      
Allergan, Inc.      
5.75% due 04/01/2016   400,000 367,633

The accompanying notes are an integral part of the financial statements.
9

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Pharmaceuticals (continued)      
AstraZeneca PLC      
5.90% due 09/15/2017 $ 485,000 $ 481,218
Hospira, Inc.      
5.90% due 06/15/2014   8,000 7,454
Schering Plough Corp.      
5.55% due 12/01/2013   218,000 215,646
6.00% due 09/15/2017   1,200,000 1,128,306
Teva Pharmaceutical Finance LLC      
5.55% due 02/01/2016   170,000 158,420
6.15% due 02/01/2036   170,000 146,079
Wyeth      
5.50% due 03/15/2013   900,000 886,460
      3,391,216
 
Pipelines - 0.28%      
Enbridge Energy Partners LP, Series B      
7.50% due 04/15/2038   600,000 472,101
Plains All American Pipeline LP      
6.50% due 05/01/2018   265,000 203,734
Texas Gas Transmission LLC      
5.50% due 04/01/2013 (h)   1,000,000 879,918
      1,555,753
 
Publishing - 0.09%      
Idearc, Inc.      
8.00% due 11/15/2016   505,000 45,450
New York Times Company      
4.50% due 03/15/2010   575,000 449,632
      495,082
 
Railroads & Equipment - 0.24%      
CSX Corp.      
5.50% due 08/01/2013   645,000 597,351
Union Pacific Corp.      
5.70% due 08/15/2018   785,000 723,783
      1,321,134
 
Real Estate - 1.93%      
AvalonBay Communities, Inc.      
5.50% due 01/15/2012   605,000 487,832
Boston Properties, Ltd.      
6.25% due 01/15/2013   215,000 169,451
Camden Property Trust      
5.00% due 06/15/2015   216,000 106,018
Colonial Properties Trust      
6.25% due 06/15/2014   211,000 134,618
Colonial Realty LP      
5.50% due 10/01/2015   231,000 115,146
Developers Diversified Realty Corp.      
4.625% due 08/01/2010   22,000 14,543
Duke Realty LP      
5.95% due 02/15/2017   1,505,000 824,191
6.25% due 05/15/2013   1,000,000 727,515
HCP, Inc., MTN      
6.70% due 01/30/2018   600,000 334,222
Health Care Property Investors, Inc.      
6.30% due 09/15/2016   1,000,000 569,954
Health Care Property Investors, Inc., MTN      
4.875% due 09/15/2010   229,000 203,900
5.625% due 02/28/2013   520,000 396,444

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Real Estate (continued)      
Health Care, Inc.      
6.00% due 11/15/2013 $ 215,000 $ 164,486
6.20% due 06/01/2016   680,000 452,807
Healthcare Realty Trust, Inc.      
8.125% due 05/01/2011   360,000 273,447
Hospitality Properties Trust      
6.75% due 02/15/2013   1,212,000 766,576
HRPT Properties Trust      
6.65% due 01/15/2018   200,000 130,085
Kimco Realty Corp.      
5.70% due 05/01/2017   775,000 481,213
Nationwide Health Properties, Inc.      
6.50% due 07/15/2011   285,000 261,363
ProLogis      
5.625% due 11/15/2016   2,075,000 770,979
6.625% due 05/15/2018   480,000 190,167
Realty Income Corp.      
5.95% due 09/15/2016   560,000 392,512
Rouse Company LP      
3.625% due 03/15/2009   645,000 193,500
6.75% due 05/01/2013 (h)   220,000 48,400
Simon Property Group LP      
5.625% due 08/15/2014   530,000 357,020
5.75% due 12/01/2015   530,000 340,738
5.875% due 03/01/2017   595,000 367,088
USB Realty Corp.      
6.091% due 12/22/2049 (b)(h)   500,000 263,750
Vornado Realty LP      
5.60% due 02/15/2011   800,000 722,233
Westfield Group      
5.40% due 10/01/2012 (h)   475,000 371,671
      10,631,869
 
Retail - 0.41%      
CVS Caremark Corp.      
3.1106% due 06/01/2010 (b)   900,000 805,042
5.75% due 06/01/2017   400,000 341,593
6.125% due 08/15/2016   515,000 463,869
6.302% due 06/01/2037 (b)   710,000 391,551
Macy's Retail Holdings, Inc.      
7.875% due 07/15/2015   360,000 240,857
      2,242,912
 
Software - 0.05%      
Fiserv, Inc.      
6.80% due 11/20/2017   330,000 269,817
Telecommunications Equipment &      
Services - 0.72%      
BellSouth Corp.      
6.55% due 06/15/2034   420,000 340,976
Citizens Communications Company      
6.25% due 01/15/2013   290,000 228,375
9.00% due 08/15/2031   900,000 495,000
Deutsche Telekom International Finance BV      
6.75% due 08/20/2018   870,000 780,374
7.125% due 07/11/2011 (b) EUR 1,000 1,313
8.50% due 06/15/2010 $ 222,000 223,152
8.75 due 06/15/2030   227,000 214,795

The accompanying notes are an integral part of the financial statements.
10

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunications Equipment &      
Services (continued)      
Digicel Group, Ltd.      
8.875% due 01/15/2015 (h) $ 400,000 $ 213,000
Embarq Corp.      
7.995% due 06/01/2036   820,000 467,400
France Telecom SA      
7.75% due 03/01/2011   20,000 20,344
SBC Communications, Inc.      
4.125% due 09/15/2009   207,000 205,280
5.10% due 09/15/2014   16,000 14,352
5.625% due 06/15/2016   12,000 10,619
6.45% due 06/15/2034   580,000 466,752
Singapore Telecommunications, Ltd.      
6.375% due 12/01/2011 (h)   9,000 9,493
West Corp.      
11.00% due 10/15/2016 (a)   645,000 277,350
      3,968,575
 
Telephone - 1.38%      
AT&T, Inc.      
5.60% due 05/15/2018   500,000 432,993
6.30% due 01/15/2038   500,000 404,378
6.40% due 05/15/2038   390,000 323,815
6.70% due 11/15/2013   980,000 975,809
BellSouth Corp.      
4.20% due 09/15/2009   212,000 210,359
6.00% due 11/15/2034   820,000 620,056
British Telecommunications PLC      
5.95% due 01/15/2018   10,000 8,537
Cincinnati Bell, Inc.      
8.375% due 01/15/2014   405,000 301,725
Qwest Corp.      
7.875% due 09/01/2011   315,000 269,325
Sprint Capital Corp.      
6.375% due 05/01/2009   212,000 205,640
6.875% due 11/15/2028   900,000 441,000
8.375% due 03/15/2012   207,000 140,760
8.75% due 03/15/2032   685,000 356,200
Telecom Italia Capital SA      
4.00% due 01/15/2010   670,000 606,350
7.20% due 07/18/2036   650,000 435,500
7.721% due 06/04/2038   600,000 441,014
Verizon Communications, Inc.      
6.10% due 04/15/2018   910,000 793,952
6.90% due 04/15/2038   760,000 633,358
Verizon of New York, Inc., Series A      
6.875% due 04/01/2012   15,000 14,407
      7,615,178
 
Tobacco - 0.46%      
Alliance One International, Inc.      
8.50% due 05/15/2012   170,000 126,650
Altria Group, Inc.      
8.50% due 11/10/2013   840,000 843,257
9.95% due 11/10/2038   720,000 713,119
Philip Morris International, Inc.      
5.65% due 05/16/2018   620,000 556,186

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Tobacco (continued)      
Reynolds American, Inc.      
7.25% due 06/01/2013 $ 320,000 $ 278,000
      2,517,212
 
Transportation - 0.10%      
CMA CGM SA      
7.25% due 02/01/2013 (h)   455,000 228,934
Navios Maritime Holdings, Inc.      
9.50% due 12/15/2014   385,000 242,937
Overseas Shipholding Group, Inc.      
8.75% due 12/01/2013   75,000 59,813
      531,684
 
Utility Service - 0.25%      
Public Service Company of New Mexico      
7.95% due 05/15/2018   1,000,000 870,169
Veolia Environnement      
6.00% due 06/01/2018   600,000 515,497
      1,385,666
 
Water Treatment Systems - 0.09%      
American Water Capital Corp.      
6.085% due 10/15/2017    600,000    507,296
TOTAL CORPORATE BONDS (Cost $248,653,709)   $  195,066,083
 
MUNICIPAL BONDS - 0.20%      
District of Columbia - 0.20%      
George Washington University, DC, Series B    
5.095% due 09/15/2032    1,175,000   1,123,147
TOTAL MUNICIPAL BONDS (Cost $1,175,000)   $ 1,123,147
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 10.13%      
American Home Mortgage Assets, Series 2006-6,    
Class A1A      
1.585% due 11/25/2036 (b)   504,418 199,479
American Home Mortgage Assets, Series 2006-6,    
Class XP      
1.9347% IO due 12/25/2046   8,849,600 287,612
American Home Mortgage Assets, Series 2007-5,    
Class XP      
2.4649% IO due 06/25/2047   7,054,478 370,360
American Home Mortgage Investment Trust,    
Series 2004-4, Class 5A      
4.44% due 02/25/2045   708,945 400,427
American Home Mortgage Investment Trust,    
Series 2007-1, Class GIOP      
2.0784% IO due 05/25/2047   6,252,610 341,940
American Tower Trust, Series 2007-1A, Class D    
5.9568% due 04/15/2037 (h)   535,000 467,101
Banc of America Commercial Mortgage, Inc.,    
Series 2004-4, Class A3      
4.128% due 07/10/2042   32,284 31,195
Banc of America Commercial Mortgage, Inc.,    
Series 2005-2, Class AJ      
4.953% due 07/10/2042 (b)   50,846 21,117
Banc of America Commercial Mortgage, Inc.,    
Series 2005-6, Class A4      
5.3521% due 09/10/2047 (b)   470,000 344,996

The accompanying notes are an integral part of the financial statements.
11

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Banc of America Commercial Mortgage, Inc.,    
Series 2006-1, Class AM      
5.421% due 09/10/2045 $ 1,600,000 $ 773,013
Banc of America Commercial Mortgage, Inc.,    
Series 2006-2, Class A3      
5.901% due 05/10/2045 (b)   970,000 736,464
Banc of America Commercial Mortgage, Inc.,    
Series 2006-3, Class A4      
5.889% due 07/10/2044   995,000 697,761
Banc of America Commercial Mortgage, Inc.,    
Series 2006-4, Class A3A      
5.60% due 08/10/2013   750,000 556,073
Banc of America Funding Corp., Series 2006-B,    
Class 6A1      
5.8863% due 03/20/2036 (b)   495,494 368,842
Banc of America Funding Corp., Series 2006-D,    
Class 6B1      
5.9403% due 05/20/2036 (b)   323,943 56,535
Banc of America Funding Corp., Series 2007-E,    
Class 4A1      
5.8503% due 09/20/2037 (b)   372,557 255,058
Banc of America Large Loan,      
Series 2005-MIB1, Class B      
1.6825% due 03/15/2022 (b)(h)   895,000 649,550
Banc of America Large Loan, Series 2006-BIX1,    
Class C      
1.6025% due 10/15/2019 (b)(h)   1,000,000 675,605
Bank of America Commercial Mortgage, Inc.,    
Series 2005-5, Class XC      
0.0733% IO due 10/10/2045 (h)   84,453,425 189,978
Bank of America Commercial Mortgage, Inc.,    
Series 2001-3, Class A1      
4.89% due 04/11/2037   39,746 38,512
Bear Stearns Alt-A Trust, Series 2005-3, Class B2    
5.4362% due 04/25/2035 (b)   179,684 54,130
Bear Stearns Asset Backed Securities, Inc.,      
Series 2003-AC4, Class A      
5.00% due 09/25/2033   9,402 5,462
Bear Stearns Commercial Mortgage Securities, Inc.    
4.95% due 06/11/2041 (h)   665,000 144,374
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2004-PWR6, Class X1      
0.18% IO due 11/11/2041 (b)   57,767,150 458,735
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PWR8, Class X1      
0.17% IO due 06/11/2041 (b)   67,421,646 531,761
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2004-PWR5, Class X1      
0.419% IO due 07/11/2042   450,113 4,376
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2004-T16, Class X1      
0.23% IO due 08/13/2046 (b)   551,600 4,898
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2005-PWR8, Class AJ      
4.75% due 06/11/2041   47,292 19,134
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2006-BBA7, Class G      
1.8625% due 03/15/2019 (b)(h)   700,000 429,850
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2006-PW14, Class D      
5.412% due 12/11/2038 (h)   400,000 71,231

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2006-T24, Class AY      
0.604% IO due 10/12/2041 $ 28,875,170 $ 418,927
Bear Stearns Mortgage Funding Trust, Series    
2006-AR1, Class 2A1      
1.615% due 08/25/2036 (b)   437,512 162,520
Bear Stearns Mortgage Funding Trust,      
Series 2006-AR4, Class A1      
1.605% due 12/25/2036 (b)   2,018,854 902,769
Chase Commercial Mortgage Securities Corp.,    
Series 2000-2, Class C      
7.928% due 07/15/2032   29,619 28,689
Chaseflex Trust, Series 2005-2, Class 4A1      
5.00% due 06/25/2035   255,720 220,239
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A3      
5.9149% due 03/15/2049 (b)   700,000 456,264
Citigroup Mortgage Loan Trust, Inc.,      
Series 2005-10, Class 1A5A      
5.8385% due 12/25/2035 (b)   360,716 189,435
Citigroup Mortgage Loan Trust, Inc., Series 2005-5,    
Class 2A3      
5.00% due 08/25/2035   216,610 175,725
Citigroup/Deutsche Bank Commercial Mortgage    
Trust, Series 2005-CD1, Class C      
5.3994% due 09/15/2020 (b)   190,000 46,012
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1, Class A4    
5.23% due 09/15/2020 (b)   360,000 267,896
Citigroup/Deutsche Bank Commercial Mortgage,    
Series 2006-CD2, Class AM      
5.5917% due 01/15/2046 (b)   1,000,000 484,377
Commercial Mortgage Pass Through Certificates,    
Series 2003-LB1A, Class A2      
4.084% due 06/10/2038   424,859 335,789
Commercial Mortgage Pass Through Certificates,    
Series 2005-C6, Class B      
5.3994% due 06/10/2044 (b)   49,365 12,266
Commercial Mortgage Pass Through Certificates,    
Series 2005-FL11, Class AJ      
1.6225% due 11/15/2017 (b)(h)   515,548 398,582
Countrywide Alternative Loan Trust, Series      
2007-25, Class 1A2      
6.50% due 11/25/2037   1,229,274 587,363
Countrywide Alternative Loan Trust, Series      
2006-OA3, Class X      
1.8343% IO due 05/25/2036   2,804,390 98,154
Countrywide Alternative Loan Trust,      
Series 2005-59, Class 2X      
3.1878% IO due 11/20/2035   7,335,436 220,063
Countrywide Alternative Loan Trust,      
Series 2006-11CB, Class 3A1      
6.50% due 05/25/2036   565,951 270,419
Countrywide Home Loan Mortgage Pass Through    
Trust, Series 2004-HYB2, Class 4A      
4.521% due 07/20/2034 (b)   1,211,656 761,995
Credit Suisse Mortgage Capital Certificates,      
Series 2006-TFLA, Class B      
1.6525% due 04/15/2008 (b)(h)   870,000 616,775
Crown Castle Towers LLC, Series 2006-1A, Class F    
6.6496% due 11/15/2036 (h)   1,760,000 1,145,197

The accompanying notes are an integral part of the financial statements.
12

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Crown Castle Towers LLC, Series 2006-1A, Class G    
6.7954% due 11/15/2036 (h) $ 1,225,000 $ 800,878
Crown Castle Towers LLC, Series 2005-1A, Class D    
5.612% due 06/15/2035 (h)   671,000 542,665
Crown Castle Towers LLC, Series 2006-1A, Class E    
6.0652% due 11/15/2036 (h)   515,000 356,071
CS First Boston Mortgage Securities Corp.,      
Series 2001-CKN5, Class A4      
5.435% due 09/15/2034   262,458 237,262
CS First Boston Mortgage Securities Corp.,      
Series 2001-CP4, Class A4      
6.18% due 12/15/2035   307,087 283,451
CS First Boston Mortgage Securities Corp.,      
Series 2002-CKN2, Class A3      
6.133% due 04/15/2037   144,746 129,380
CS First Boston Mortgage Securities Corp.,      
Series 2004-C4, Class A4      
4.283% due 10/15/2039   160,860 139,550
CS First Boston Mortgage Securities Corp.,      
Series 2005-C1, Class AX      
0.1653% IO due 02/15/2038 (h)   95,591,702 516,530
CS First Boston Mortgage Securities Corp.,      
Series 2005-C2, Class B      
5.016% due 04/15/2037   58,053 14,727
DSLA Mortgage Loan Trust, Series 2005-AR5,    
Class X2      
0.2776% IO due 08/19/2045   6,657,257 162,271
Federal Home Loan Mortgage Corp.,      
Series 2005-3019, Class MD      
4.75% due 01/15/2031   434,523 439,491
Federal Home Loan Mortgage Corp., Series 24989,    
Class PE      
6.00% due 08/15/2032   349,105 354,869
Federal Home Loan Mortgage Corp.,      
Series T-41, Class 3A      
7.50% due 07/25/2032   3,408 3,919
Federal National Mortgage Association,      
Series 2002-W3, Class A5      
7.50% due 01/25/2028   36,785 38,590
Federal National Mortgage Association,      
Series 2003-18, Class EX      
4.00% due 06/25/2017   1,223,673 1,221,306
First Horizon Alternative Mortgage Securities,    
Series 2004-AA2, Class 2A1      
5.0368% due 08/25/2034 (b)   1,508,393 780,374
First Horizon Alternative Mortgage Securities,    
Series 2004-AA5, Class B1      
5.2143% due 12/25/2034 (b)   128,660 13,391
First Horizon Alternative Mortgage Securities,    
Series 2006-AA2, Class B1      
6.1348% due 05/25/2036 (b)   198,984 12,074
First Union National Bank Commercial Mortgage    
Trust, Series 2002-C1, Class A1      
5.585% due 02/12/2034   112,531 109,284
GE Capital Commercial Mortgage Corp.,      
Series 2001-3, Class A2      
6.07% due 06/10/2038   22,214 19,601
GE Capital Commercial Mortgage Corp.,      
Series 2002-2A, Class A3      
5.349% due 08/11/2036   164,809 139,669

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
GE Capital Commercial Mortgage Corp.,      
Series 2005-C1, Class XC      
0.1316% IO due 06/10/2048 (h) $ 1,677,541 $ 10,846
GE Capital Commercial Mortgage Corp.,      
Series 2005-C2, Class C      
5.133% due 05/10/2043 (b)   43,737 11,025
Global Signal Trust, Series 2004-2A, Class D    
5.093% due 12/15/2014 (h)   295,000 266,872
Global Signal Trust, Series 2006-1, Class E      
6.495% due 02/15/2036 (h)   367,000 352,865
Global Tower Partners Acquisition Partners LLC,    
Series 2007-1A, Class F      
7.0496% due 05/15/2037 (h)   135,000 125,597
GMAC Commercial Mortgage Securities, Inc.,    
Series 2003-C2, Class B      
5.6826% due 05/10/2040 (b)   1,370,000 1,123,957
GMAC Mortgage Corp. Loan Trust,      
Series 2006-AR1, Class 2A1      
5.6316% due 04/19/2036 (b)   274,080 178,993
Greenpoint Mortgage Funding Trust, Series      
2005-AR1, Class A3      
1.675% due 06/25/2045 (b)   131,077 49,654
Greenpoint Mortgage Funding Trust, Series      
2005-AR4, Class 4A2      
1.755% due 10/25/2045 (b)   587,242 208,328
Greenpoint Mortgage Funding Trust, Series      
2006-AR1, Class A2A      
1.765% due 02/25/2036 (b)   960,187 383,262
Greenwich Capital Commercial Funding Corp.,    
Series 2005-GG3, Class XC      
0.2646% IO due 08/10/2042 (h)   26,992,354 211,971
Greenwich Capital Commercial Funding Corp.,    
Series 2007-GG9, Class C      
5.554% due 02/10/2017   315,000 55,543
Greenwich Capital Commercial Funding Corp.,    
Series 2007-GG9, Class F      
5.633% due 02/10/2017   170,000 25,906
Greenwich Capital Commercial Funding Corp.,    
Series 2002-C1, Class A2      
4.112% due 01/11/2017   204,942 183,623
GS Mortgage Securities Corp. II, Series 2004-GG2,    
Class E      
5.7594% due 08/10/2038 (b)   800,000 225,312
GS Mortgage Securities Corp. II, Series 2005-GG4,    
Class XC      
0.2124% IO due 07/10/2039 (h)   2,035,626 17,746
GS Mortgage Securities Corp. II, Series 2006-GG6,    
Class AM      
5.622% due 04/10/2038   1,350,000 664,524
GSR Mortgage Loan Trust, Series 2004-14,      
Class 3A2      
5.2747% due 12/25/2034 (b)   390,217 188,696
GSR Mortgage Loan Trust, Series 2004-9, Class B1    
4.523% due 08/25/2034 (b)   293,563 109,709
GSR Mortgage Loan Trust, Series 2006-AR1,    
Class 3A1      
5.3664% due 01/25/2036 (b)   713,200 480,862
Harborview Mortgage Loan Trust, Series 2005-16,    
Class 2A1B      
1.8038% due 01/19/2036 (b)   330,744 116,447

The accompanying notes are an integral part of the financial statements.
13

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Harborview Mortgage Loan Trust,      
Series 2005-8, Class 1X      
3.06% IO due 09/19/2035 $ 4,915,097 $ 66,815
Harborview Mortgage Loan Trust,      
Series 2006-SB1, Class A1A      
3.329% due 12/19/2036 (b)   681,503 250,113
Harborview Mortgage Loan Trust,      
Series 2007-3, Class ES      
0.35% IO due 05/19/2047   15,260,245 95,376
Harborview Mortgage Loan Trust,      
Series 2007-4, Class ES      
0.35% IO due 07/19/2047   15,271,469 100,219
Harborview Mortgage Loan Trust,      
Series 2007-6, Class ES      
0.3425% IO due 08/19/2037 (h)   10,914,918 68,218
IndyMac Index Mortgage Loan Trust,      
Series 2004-AR13, Class B1      
5.2962% due 01/25/2035   185,229 78,188
IndyMac Index Mortgage Loan Trust,      
Series 2005-AR18, Class 1X      
5.60% IO due 10/25/2036   11,204,604 258,826
IndyMac Index Mortgage Loan Trust,      
Series 2005-AR18, Class 2X      
1.5236% IO due 10/25/2036   14,868,017 120,431
IndyMac Index Mortgage Loan Trust,      
Series 2005-AR5, Class B1      
5.4313% due 05/25/2035 (b)   297,793 41,897
IndyMac Index Mortgage Loan Trust,      
Series 2006-AR19, Class 1B1      
6.3219% due 08/25/2036 (b)   298,276 20,170
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2005-LDP5, Class G      
5.4995% due 12/15/2044 (b)   600,000 127,019
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2005-LDP5, Class A4      
5.3445% due 12/15/2044 (b)   2,025,000 1,417,612
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2007-LD11, Class AM      
6.0071% due 06/15/2049 (b)   1,660,000 736,760
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2002-C1, Class A3      
5.376% due 07/12/2037   421,734 363,948
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2004-CBX, Class A2      
3.89% due 01/12/2037   187,759 183,301
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2005-LDP3, Class A4B      
4.996% due 08/15/2042 (b)   540,000 371,650
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2005-LDP4, Class B      
5.129% due 10/15/2042 (b)   145,000 34,827
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2006-LDP7, Class A4      
6.0653% due 04/15/2045 (b)   490,000 328,916
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2006-LDP8, Class A3B      
5.447% due 05/15/2045   845,000 599,552
JPMorgan Mortgage Trust, Series 2006-A7, Class    
2A5      
5.7992% due 01/25/2037 (b)   700,607 275,744

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
JPMorgan Mortgage Trust, Series 2005-S2,      
Class 2A16      
6.50% due 09/25/2035 $ 194,635 $ 176,692
JPMorgan Mortgage Trust, Series 2005-S3,      
Class 2A2      
5.50% due 01/25/2021   402,888 329,235
LB-UBS Commercial Mortgage Trust, Series    
2005-C2, Class E      
5.4562% due 04/15/2030 (b)   740,000 177,982
LB-UBS Commercial Mortgage Trust,      
Series 2000-C4, Class A2      
7.37% due 08/15/2026   1,393,363 1,353,805
LB-UBS Commercial Mortgage Trust,      
Series 2002-C1,Class A4      
6.462% due 03/15/2031   29,619 26,970
LB-UBS Commercial Mortgage Trust,      
Series 2005-C1, Class XCL      
0.2535% IO due 03/17/2020 (h)   729,182 7,296
LB-UBS Commercial Mortgage Trust,      
Series 2005-C3, Class G      
5.111% due 06/17/2015 (b)(h)   25,472 5,616
LB-UBS Commercial Mortgage Trust,      
Series 2005-C5, Class A2      
4.885% due 09/15/2040   58,053 53,139
LB-UBS Commercial Mortgage Trust,      
Series 2006-C4, Class A4      
6.0802% due 06/15/2038 (b)   575,000 408,072
Lehman XS Trust, Series 2007-10H, Class 2A2    
7.50% due 07/25/2037   1,945,176 1,750,483
Mastr Adjustable Rate Mortgages Trust,      
Series 2004-13, Class 2A1      
4.5366% due 04/21/2034 (b)   1,274,629 975,430
Mastr Adjustable Rate Mortgages Trust,      
Series 2004-8, Class 5A1      
4.6076% due 08/25/2034 (b)   710,444 419,430
Mastr Adjustable Rate Mortgages Trust,      
Series 2005-2, Class 2A1      
5.569% due 03/25/2035 (b)   1,317,816 608,623
Mastr Adjustable Rate Mortgages Trust,      
Series 2006-2, Class 4A1      
4.9823% due 02/25/2036 (b)   610,101 417,065
Merrill Lynch Mortgage Trust, Series 2008-C1,    
Class A4      
5.69% due 02/12/2051   1,080,000 687,731
Merrill Lynch Mortgage Trust, Series 2008-C1,    
Class X      
0.564% IO due 02/14/2051 (h)   33,211,178 535,905
Merrill Lynch Mortgage Trust,      
Series 2004-KEY2, Class A4      
4.864% due 08/12/2039 (b)   31,988 24,313
Merrill Lynch Mortgage Trust, Series 2005-CIP1,    
Class XC      
0.086% IO due 08/12/2020 (h)   218,282,923 635,705
Merrill Lynch Mortgage Trust, Series 2005-CKI1,    
Class A6      
5.4152% due 11/12/2037 (b)   435,000 322,009
Merrill Lynch Mortgage Trust,      
Series 2005-CKI1, Class A1      
5.077% due 11/12/2037   379,914 363,091

The accompanying notes are an integral part of the financial statements.
14

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Merrill Lynch Mortgage Trust, Series 2006-C1,    
Class AM      
5.8409% due 05/12/2039 (b) $ 1,000,000 $ 489,076
Merrill Lynch Mortgage Trust, Series 2006-C2,    
Class X      
0.5587% IO due 08/12/2026   21,056,032 258,063
Merrill Lynch/Countrywide Commercial Mortgage    
Trust, Series 2006-2, Class A4      
6.1044% due 06/12/2046 (b)   785,000 557,656
MLCC Mortgage Investors, Inc., Series 2007-3,    
Class M1      
5.9335% due 09/25/2037 (b)   289,955 134,235
MLCC Mortgage Investors, Inc., Series 2007-3,    
Class M2      
5.9335% due 09/25/2037 (b)   109,983 88,348
MLCC Mortgage Investors, Inc., Series 2007-3,    
Class M3      
5.9335% due 09/25/2037 (b)   69,989 48,747
Morgan Stanley Capital I, Series 2006-IQ12, Class E    
5.538% due 12/15/2043 (b)   390,000 70,272
Morgan Stanley Capital I, Series 1999-FNV1,    
Class A2      
6.53% due 03/15/2031   79,866 79,481
Morgan Stanley Capital I, Series 2004-T13, Class A2    
3.94% due 09/13/2045   13,231 12,184
Morgan Stanley Capital I, Series 2005-HQ7,    
Class A2      
5.3783% due 11/14/2042 (b)   415,000 336,608
Morgan Stanley Capital I, Series 2005-HQ7,    
Class A4      
5.3783% due 11/14/2042 (b)   415,000 302,238
Morgan Stanley Capital I, Series 2005-IQ10,    
Class A4A      
5.23% due 09/15/2042 (b)   555,000 411,921
Morgan Stanley Capital I, Series 2005-IQ9, Class X1    
0.2399% IO due 07/15/2056 (h)   670,716 8,586
Morgan Stanley Capital I, Series 2005-T17, Class X1    
0.1817% IO due 12/31/2041 (h)   1,450,356 10,218
Morgan Stanley Capital I,      
Series 2007-SRR3, Class A      
1.7525% due 12/20/2049 (b)(h)   1,000,000 100,000
Morgan Stanley Capital I,      
Series 2007-SRR3, Class B      
1.8525% due 12/20/2049 (b)(h)   1,000,000 180,000
Provident Funding Mortgage Loan Trust,      
Series 2005-1, Class B1      
4.8147% due 05/25/2035 (b)   311,316 99,739
Residential Accredit Loans, Inc., Series      
2007-QS10, Class A1      
6.50% due 09/25/2037   758,639 362,487
Residential Accredit Loans, Inc.,      
Series 2005-QA12, Class NB5      
5.9515% due 12/25/2035 (b)   463,916 304,476
Residential Accredit Loans, Inc.,      
Series 2007-QS11, Class A1      
7.00% due 10/25/2037   631,042 320,846
Residential Asset Securitization Trust,      
Series 2006-A7CB, Class 2A1      
6.50% due 07/25/2036   548,605 262,130

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Salomon Brothers Mortgage Securities VII,      
Series 2000-C3, Class A2      
6.592% due 12/18/2033 $ 129,597 $ 123,212
Salomon Brothers Mortgage Securities VII,      
Series 2001-C1, Class A3      
6.428% due 12/18/2035   23,069 21,633
SBA CMBS Trust, Series 2006-1A, Class H      
7.389% due 11/15/2036 (h)   980,000 933,641
SBA CMBS Trust, Series 2006-1A, Class J      
7.825% due 11/15/2036 (h)   135,000 123,377
SBA CMBS Trust, Series 2005-1A, Class C      
5.731% due 11/15/2035 (h)   797,000 764,024
SBA CMBS Trust, Series 2005-1A, Class D      
6.219% due 11/15/2035 (h)   100,000 85,221
SBA CMBS Trust, Series 2005-1A, Class E      
6.706% due 11/15/2035 (h)   110,000 89,703
Sequoia Mortgage Trust, Series 2005-3, Class A1    
1.6525% due 04/15/2032 (b)   5,318 2,970
Structured Asset Securities Corp.,      
Series 2003-6A, Class B1      
5.2652% due 03/25/2033 (b)   538,291 408,521
Suntrust Adjustable Rate Mortgage Loan Trust,    
Series 2007-2, Class 4A1      
5.731% due 04/25/2037 (b)   1,556,630 1,192,282
Timberstar Trust, Series 2006-1A, Class A      
5.668% due 10/15/2036 (h)   900,000 791,121
Wachovia Bank Commercial Mortgage Trust,    
Series 2005-C22, Class E      
5.53% due 12/15/2044 (b)   915,000 201,908
Wachovia Bank Commercial Mortgage Trust,    
Series 2005-C17, Class XC      
0.1165% IO due 03/15/2042 (h)   77,257,703 310,669
Wachovia Bank Commercial Mortgage Trust,    
Series 2005-C19, Class AJ      
4.793% due 05/15/2044   37,517 15,182
WAMU Commercial Mortgage Securities Trust,    
Series 2007-SL3, Class A      
6.1163% due 03/23/2045 (h)   558,470 411,043
WAMU Commercial Mortgage Securities Trust,    
Series 2006-SL1, Class A      
5.4202% due 11/23/2043 (h)   865,849 747,661
WAMU Mortgage Pass Through Certificates, Series    
2005-AR19, Class A1B3      
1.745% due 12/25/2045 (b)   229,744 93,443
WAMU Mortgage Pass Through Certificates, Series    
2006-AR4, Class 1A1B      
3.419% due 05/25/2046 (b)   565,010 200,578
WAMU Mortgage Pass Through Certificates,    
Series 2005-AR13, Class B1      
2.00% due 10/25/2045 (b)   842,088 303,152
WAMU Mortgage Pass Through Certificates,    
Series 2005-AR6, Class B1      
2.00% due 04/25/2045 (b)   959,501 297,445
WAMU Mortgage Pass Through Certificates,    
Series 2007-OA5, Class 1XPP      
0.4785% IO due 06/25/2017   29,326,158 274,933
WAMU Mortgage Pass Through Certificates,    
Series 2007-OA6, Class 1XPP      
0.4283% IO due 07/25/2047   16,618,982 150,609

The accompanying notes are an integral part of the financial statements.
15

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Washington Mutual Alternative Mortgage      
Pass-Through Certificates, Series 2005-AR19,    
Class B1      
2.72% due 12/25/2045 (b) $ 506,516 $ 182,346
Washington Mutual Alternative Mortgage      
Pass-Through Certificates, Series 2007-1, Class    
B1      
6.1804% due 02/25/2037 (b)   353,077 29,343
Washington Mutual Alternative Mortgage      
Pass-Through Certificates, Series 2005-6,      
Class 1CB      
6.50% due 08/25/2035   224,011 151,838
Washington Mutual Mortgage Pass Through    
Certificates, Series 2007-OA4, Class XPPP    
0.4843% IO due 04/25/2047   13,036,143 122,214
Washington Mutual Mortgage Pass-Through,    
Series 2005-1, Class 6A1      
6.50% due 03/25/2035   15,128 10,254
Wells Fargo Mortgage Backed Securities Trust,    
Series 2006-AR15, Class A3      
5.6596% due 10/25/2036 (b)    762,106   297,890
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $85,007,306)       $ 55,883,814
 
ASSET BACKED SECURITIES - 3.65%      
Alesco Preferred Funding, Ltd., Series 12A, Class B    
5.3525% due 07/15/2037 (b)(h)   430,000 107,500
Alesco Preferred Funding, Ltd., Series 14A, Class B    
3.86% due 09/23/2037 (b)(h)   930,000 232,500
Alesco Preferred Funding, Ltd.,      
Series 15A, Class B1      
3.89% due 12/23/2037 (b)(h)   220,000 48,400
American Express Issuance Trust, Series 2008-1,    
Class A      
2.3725% due 12/15/2010 (b)   2,235,000 2,122,194
Amresco Residential Securities Mortgage Loan    
Trust, Series 1998-1, Class A6      
6.51% due 08/25/2027   691 684
Ansonia CDO, Ltd.      
5.812% due 07/28/2046 (h)   1,150,000 230,000
Anthracite, Ltd., Series 2002-2A, Class B      
5.488% due 12/24/2037 (b)(h)   600,000 348,000
Anthracite, Ltd., Series 2002-CIBA, Class A    
1.8487% due 05/24/2017 (b)(h)   881,939 546,802
Arbor Realty Mortgage Securities, Series      
2006-1A, Class C      
4.135% due 01/26/2042 (b)(h)   370,000 55,500
Arbor Realty Mortgage Securities, Series      
2006-1A, Class F      
4.585% due 01/26/2042 (b)(h)   615,000 30,750
Argent Securities, Inc., Series 2004-W1, Class M3    
2.845% due 03/25/2034 (b)   10,456 1,568
Bank of America Credit Card Trust, Series      
2008-A3, Class A3      
2.1725% due 08/15/2011 (b)   1,588,000 1,567,659
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B    
1.9225% due 03/20/2050 (b)(h)   400,000 200,000
Cedarwoods Credit CDO, Ltd.,      
Series 2007-2A, Class B      
1.775% due 02/25/2052 (b)(h)   1,000,000 160,000

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Chase Issuance Trust, Series 2008-A1, Class A1    
1.8725% due 01/15/2012 (b) $ 800,000 $ 755,237
CNH Equipment Trust, Series 2008-B, Class A2B    
2.4225% due 04/15/2011 (b)   1,600,000 1,576,848
Credit-Based Asset Servicing and Securitization,    
Series 2006-CB2, Class AF2      
5.501% due 12/25/2036   909,538 799,855
Credit-Based Asset Servicing and Securitization,    
Series 2006-MH1, Class B1      
6.25% due 09/25/2036 (h)   460,000 284,281
Crest, Ltd., Series 2000-1A, Class C      
7.75% due 08/31/2036 (h)   860,000 680,948
Crest, Ltd., Series 2002-IGA, Class A      
3.9662% due 07/28/2017 (b)(h)   1,358,917 951,242
Crest, Ltd., Series 2003-1A, Class B1      
3.7594% due 05/28/2038 (b)(h)   600,000 240,000
CW Capital Cobalt I, Series 2005-1A, Class A1    
2.4375% due 05/25/2045 (b)(h)   455,316 243,708
DB Master Finance LLC, Series 2006-1, Class-A2    
5.779% due 06/20/2031 (h)   3,045,000 2,456,554
DB Master Finance LLC, Series 2006-1, Class-M1    
8.285% due 06/20/2031 (h)   125,000 96,227
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,    
Class A3      
3.5138% due 12/05/2046 (b)(h)   975,000 165,750
Dominos Pizza Master Issuer LLC, Series 2007-1,    
Class M1      
7.629% due 04/27/2037 (h)   535,000 329,025
Equity One ABS, Inc., Series 2004-2, Class AV2    
1.645% due 07/25/2034 (b)   647 236
GSAA Home Equity Trust, Series 2006-10,      
Class AF3      
5.9846% due 06/25/2036 (b)   1,000,000 472,188
Highland Park CDO, Ltd., Series 2006-1A, Class A2    
2.5575% due 11/25/2051 (b)(h)   1,230,000 184,500
JER CDO, Series 2006-2A, Class AFL      
1.725% due 03/25/2045 (b)(h)   700,000 210,000
Lehman XS Trust, Series 2005-5N, Class 3A2    
1.755% due 11/25/2035 (b)   659,585 222,622
Lehman XS Trust, Series 2005-7N, Class 1A1B    
1.695% due 12/25/2035 (b)   486,650 173,276
Lehman XS Trust, Series 2006-2N, Class 1A2    
1.735% due 02/25/2046 (b)   1,471,033 476,425
LNR CDO, Ltd., Series 2006-1A, Class BFL    
3.79% due 05/28/2043 (b)(h)   700,000 84,235
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL    
1.8987% due 12/24/2050 (b)(h)   570,000 85,500
North Street Referenced Linked Notes, Series    
2000-1A, Class C      
5.215% due 07/30/2010 (b)(h)   500,000 250,000
N-Star Real Estate CDO, Ltd.      
3.6088% due 07/27/2040 (b)(h)   700,000 434,000
N-Star Real Estate CDO, Ltd.,      
Series 2006-7A, Class B      
1.775% due 06/22/2051 (b)(h)   900,000 225,000
N-Star Real Estate CDO, Ltd.,      
Series 2006-8A, Class E      
3.60% due 02/01/2041 (b)(h)   475,000 57,000

The accompanying notes are an integral part of the financial statements.
16

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
N-Star Real Estate CDO, Ltd.,      
Series 2006-8A, Class G      
3.80% due 02/01/2041 (b)(h) $ 475,000 $ 42,750
Ownit Mortgage Loan, Series 2006-1, Class AF2    
5.29% due 12/25/2036   1,035,807 670,768
Ownit Mortgage Loan, Series 2006-2, Class A2B    
5.6329% due 02/25/2037   938,149 776,135
Prima Capital Ltd., Series 2006-CR1A, Class A1    
5.417% due 12/25/2048   1,290,339 903,237
RAIT Preferred Funding, Ltd., Series 2007-2A,    
Class B      
2.195% due 06/25/2045 (b)(h)   685,000 195,225
Renaissance Home Equity Loan Trust,      
Series 2005-2, Class AF3      
4.499% due 07/25/2035   109,688 107,054
Renaissance Home Equity Loan Trust,      
Series 2005-2, Class AF4      
4.934% due 07/25/2035   335,000 303,064
Residential Accredit Loans, Inc.,      
Series 2004-QS16, Class 1A1      
5.50% due 12/25/2034   16,381 11,312
Wells Fargo Home Equity Trust,      
Series 2004-2, Class AI5      
4.89% due 11/25/2028 (b)    49,000     46,157
TOTAL ASSET BACKED SECURITIES      
(Cost $34,843,697)      $ 20,161,916
 
SUPRANATIONAL OBLIGATIONS - 0.04%    
Honduras - 0.00%      
Central American Bank for Economic Integration    
6.75% due 04/15/2013 (h)   12,000 13,223
Venezuela - 0.04%      
Corporacion Andina de Fomento      
5.20% due 05/21/2013   214,000 187,601
6.875% due 03/15/2012   20,000 19,136
      206,737
    
TOTAL SUPRANATIONAL OBLIGATIONS    
(Cost $249,285)       $ 219,960
 
PREFERRED STOCKS - 0.19%      
Financial Services - 0.07%      
Merrill Lynch & Company, Inc., Series MER,    
8.625%   20,775 371,353
Food & Beverages - 0.08%      
Ocean Spray Cranberries, Inc., 6.25%   5,034 440,475
Telephone - 0.04%      
Telephone & Data Systems, Inc., 7.60%    16,000    221,120
TOTAL PREFERRED STOCKS (Cost $1,341,891)   $ 1,032,948
 
TERM LOANS - 0.05%      
Cable & Television - 0.05%      
Time Warner Cable, Inc.      
8.75% due 02/14/2019     295,000    289,808
TOTAL TERM LOANS (Cost $290,482)       $  289,808

Active Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
WARRANTS - 0.00%      
Metal & Metal Products - 0.00%      
New Gold, Inc.      
(Expiration date 06/28/2017, strike      
price CAD 15.00) *    3,852    808
TOTAL WARRANTS (Cost $0)       $ 808
 
REPURCHASE AGREEMENTS - 3.75%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$20,695,087 on 12/1/2008,      
collateralized by $855,000 Federal      
National Mortgage Association,      
6.02% due 10/23/2019 (valued at      
$864,619, including interest) and      
$805,000 Federal Home Loan      
Bank, 2.25% due 10/02/2009      
(valued at $810,031, including      
interest) and $17,345,000 Federal      
Home Loan Bank, 5.25% due      
08/08/2033 (valued at      
$18,775,963, including interest)      
and $620,000 Federal National      
Mortgage Association, 5% due      
03/15/2016 (valued at $662,625,      
including interest) $ 20,694,999 $  20,694,999
TOTAL REPURCHASE AGREEMENTS      
(Cost $20,694,999)       $ 20,694,999
 
SHORT TERM INVESTMENTS - 10.09%      
Federal Home Loan Bank Discount Note      
0.01% due 12/11/2008 to 12/15/2008 $ 27,727,000  $ 27,724,515
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)    27,911,463    27,911,463
TOTAL SHORT TERM INVESTMENTS      
(Cost $55,635,978)       $ 55,635,978
Total Investments (Active Bond Fund)      
(Cost $690,987,717) - 109.01%     $ 601,345,181
Liabilities in Excess of Other Assets - (9.01)%     (49,696,134)
TOTAL NET ASSETS - 100.00%     $ 551,649,047
 
 
 
All Cap Core Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 88.99%      
Aerospace - 1.63%      
General Dynamics Corp.   56,900 $ 2,940,023
Lockheed Martin Corp.   30,300 2,336,433
      5,276,456
 
Agriculture - 0.41%      
Bunge, Ltd. (a)   11,800 501,028
The Mosaic Company   27,100 822,485
      1,323,513

The accompanying notes are an integral part of the financial statements.
17

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Air Travel - 0.04%    
Southwest Airlines Company 14,700 $ 127,155
Apparel & Textiles - 1.02%    
Coach, Inc. * 61,700 1,104,430
Guess?, Inc. 34,100 451,143
Phillips-Van Heusen Corp. 49,700 866,768
Polo Ralph Lauren Corp., Class A 19,700 851,040
True Religion Apparel, Inc. * 2,600 32,734
    3,306,115
Auto Parts - 0.19%    
Autoliv, Inc. 26,100 498,249
WABCO Holdings, Inc. 8,000 118,880
    617,129
Banking - 3.18%    
Astoria Financial Corp. 46,500 858,390
Bank of America Corp. 56,900 924,625
Northern Trust Corp. 35,900 1,647,451
PNC Financial Services Group, Inc. 63,600 3,356,172
U.S. Bancorp 129,100 3,483,118
    10,269,756
Biotechnology - 2.09%    
Alnylam Pharmaceuticals, Inc. * 16,900 308,087
Amgen, Inc. * 84,400 4,687,576
Charles River Laboratories International, Inc. * 26,200 597,360
Genomic Health, Inc. * (a) 3,500 64,855
Myriad Genetics, Inc. * 18,700 1,108,536
    6,766,414
Broadcasting - 0.27%    
Liberty Media Corp. - Entertainment, Series A * 74,100 879,567
Building Materials & Construction - 0.18%    
EMCOR Group, Inc. * 9,400 148,238
Perini Corp. * (a) 22,500 430,875
    579,113
Business Services - 1.20%    
Accenture, Ltd., Class A 9,400 291,212
Brinks Company 89,500 1,948,415
Computer Sciences Corp. * 33,800 941,668
Global Sources, Ltd. * 11,000 71,060
Manpower, Inc. 20,300 639,044
    3,891,399
Cable & Television - 1.92%    
Comcast Corp., Class A 252,500 4,378,350
DISH Network Corp. * 166,100 1,840,388
    6,218,738
Chemicals - 1.05%    
Ashland, Inc. 60,400 576,820
CF Industries Holdings, Inc. 3,900 205,257
Terra Industries, Inc. 176,700 2,599,257
    3,381,334
Coal - 1.21%    
Arch Coal, Inc. 92,800 1,427,264
Massey Energy Company 158,100 2,469,522
    3,896,786

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Commercial Services - 0.19%    
Brinks Home Security Holdings, Inc. * 30,100 $ 602,000
Computers & Business Equipment - 5.77%    
Apple, Inc. * 7,700 713,559
Hewlett-Packard Company 197,600 6,971,328
International Business Machines Corp. 93,800 7,654,080
Lexmark International, Inc. * 52,100 1,363,978
Western Digital Corp. * 159,100 1,941,020
    18,643,965
Construction & Mining Equipment - 0.47%    
Joy Global, Inc. 64,700 1,506,863
Containers & Glass - 0.22%    
Sealed Air Corp. 44,800 709,184
Cosmetics & Toiletries - 2.22%    
Colgate-Palmolive Company 75,600 4,919,292
Procter & Gamble Company 35,100 2,258,685
    7,177,977
Crude Petroleum & Natural Gas - 4.26%    
Apache Corp. 49,700 3,841,810
Cimarex Energy Company 106,300 3,015,731
Occidental Petroleum Corp. 93,800 5,078,332
Swift Energy Company * 23,300 497,921
W&T Offshore, Inc. 95,200 1,332,800
    13,766,594
Domestic Oil - 1.09%    
Clayton Williams Energy, Inc. * 1,200 55,104
Encore Aquisition Company * 63,200 1,671,008
Mariner Energy, Inc. * 162,600 1,786,974
    3,513,086
Drugs & Health Care - 0.50%    
CV Therapeutics, Inc. * (a) 48,800 442,128
Perrigo Company 11,200 385,392
Quidel Corp. * 47,600 648,788
Vivus, Inc. * 23,900 141,966
    1,618,274
Electrical Equipment - 0.07%    
GrafTech International, Ltd. * 33,000 220,770
Electrical Utilities - 2.68%    
Dominion Resources, Inc. 79,600 2,930,872
Edison International 105,700 3,530,380
FirstEnergy Corp. 23,000 1,347,340
Pepco Holdings, Inc. 31,100 559,489
The Southern Company 8,100 294,192
    8,662,273
Electronics - 0.64%    
Harman International Industries, Inc. 30,900 465,045
Jabil Circuit, Inc. 213,100 1,402,198
Multi-Fineline Electronix, Inc. * 17,700 184,788
    2,052,031
Energy - 0.71%    
Progress Energy, Inc. 42,700 1,694,763
Rosetta Resources, Inc. * 11,700 88,101

The accompanying notes are an integral part of the financial statements.
18

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Energy (continued)    
Sempra Energy 11,200 $ 522,704
    2,305,568
Financial Services - 6.49%    
BlackRock, Inc. 7,500 942,825
Broadridge Financial Solutions, Inc. 47,100 536,940
Charles Schwab Corp. 230,700 4,228,731
CME Group, Inc. 3,500 741,825
JPMorgan Chase & Company 245,000 7,756,700
Nasdaq Stock Market, Inc. * 11,500 247,250
Visa, Inc. 46,700 2,454,552
Wells Fargo & Company 140,700 4,064,823
    20,973,646
Food & Beverages - 2.13%    
Dean Foods Company * 52,100 758,576
General Mills, Inc. 18,400 1,162,328
J.M. Smucker Company 8,900 403,793
Sysco Corp. 195,000 4,572,750
    6,897,447
Healthcare Products - 4.04%    
Baxter International, Inc. 65,700 3,475,530
Becton, Dickinson & Company 3,700 235,061
Covidien, Ltd. 21,900 807,015
Cypress Biosciences, Inc. * (a) 100,500 538,680
Herbalife, Ltd. 98,400 1,749,552
Johnson & Johnson 25,000 1,464,500
Kinetic Concepts, Inc. * (a) 62,900 1,361,156
Medicines Company * 30,700 395,723
St. Jude Medical, Inc. * 102,700 2,878,681
Zimmer Holdings, Inc. * 4,200 156,744
    13,062,642
Healthcare Services - 1.62%    
Alliance Imaging, Inc. * 12,400 96,968
Centene Corp. * 29,200 540,200
Express Scripts, Inc. * 77,800 4,474,278
Humana, Inc. * 4,300 129,989
    5,241,435
Homebuilders - 0.29%    
NVR, Inc. * 400 173,700
Walter Industries, Inc. 42,000 766,080
    939,780
Hotels & Restaurants - 1.98%    
Brinker International, Inc. 35,900 238,376
CEC Entertainment, Inc. * 29,200 502,532
Darden Restaurants, Inc. 25,200 460,908
McDonald's Corp. 85,100 4,999,625
Wyndham Worldwide Corp. 43,900 209,842
    6,411,283
Household Products - 0.04%    
Church & Dwight, Inc. 1,900 112,936
Industrial Machinery - 2.64%    
AGCO Corp. * 72,900 1,794,798
Cummins, Inc. 107,500 2,749,850
Flowserve Corp. 33,700 1,696,121

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrial Machinery (continued)    
Gardner Denver, Inc. * 26,600 $ 658,350
Manitowoc Company, Inc. 100,000 788,000
Pall Corp. 25,200 693,252
W.W. Grainger, Inc. 1,900 134,083
    8,514,454
Insurance - 2.72%    
Aetna, Inc. 153,600 3,351,552
Allied World Assurance Holdings, Ltd. 22,200 784,992
Assurant, Inc. 25,100 546,427
Progressive Corp. 144,300 2,167,386
Prudential Financial, Inc. 89,400 1,939,980
    8,790,337
International Oil - 3.99%    
Chevron Corp. 7,700 608,377
Exxon Mobil Corp. 110,600 8,864,590
Murphy Oil Corp. 77,800 3,427,090
    12,900,057
Internet Content - 0.87%    
Google, Inc., Class A * 8,100 2,372,976
Yahoo!, Inc. * 37,500 431,625
    2,804,601
Internet Retail - 0.25%    
eBay, Inc. * 61,200 803,556
Internet Software - 0.12%    
Symantec Corp. * 32,000 384,960
Manufacturing - 1.20%    
General Electric Company 83,500 1,433,695
Honeywell International, Inc. 66,400 1,849,904
Insteel Industries, Inc. 7,200 70,272
Trinity Industries, Inc. 34,600 514,502
    3,868,373
Medical-Hospitals - 0.12%    
LifePoint Hospitals, Inc. * (a) 14,300 286,858
Universal Health Services, Inc., Class B 2,800 104,020
    390,878
Metal & Metal Products - 0.18%    
Precision Castparts Corp. 2,800 175,560
Timken Company 27,500 399,025
    574,585
Paper - 0.30%    
International Paper Company 75,100 934,995
Xerium Technologies, Inc. 15,100 17,969
    952,964
Pharmaceuticals - 6.88%    
Abbott Laboratories 8,400 440,076
Bristol-Myers Squibb Company 83,300 1,724,310
Cubist Pharmaceuticals, Inc. * 47,100 1,156,776
Eli Lilly & Company 156,900 5,358,135
Enzon Pharmaceuticals, Inc. * 40,100 196,891
Gilead Sciences, Inc. * 31,000 1,388,490
Medicis Pharmaceutical Corp., Class A 42,500 519,775
Merck & Company, Inc. 90,000 2,404,800

The accompanying notes are an integral part of the financial statements.
19

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
OSI Pharmaceuticals, Inc. * 27,600 $ 1,026,720
Pfizer, Inc. 465,800 7,653,094
POZEN, Inc. * 9,100 61,971
Schering-Plough Corp. 18,200 305,942
    22,236,980
Railroads & Equipment - 1.37%    
Burlington Northern Santa Fe Corp. (a) 21,400 1,639,454
CSX Corp. 9,700 361,228
Norfolk Southern Corp. 49,200 2,433,924
    4,434,606
Real Estate - 1.06%    
Apartment Investment & Management    
Company, Class A, REIT (a) 4,010 45,995
Boston Properties, Inc., REIT 5,500 293,700
Equity Residential, REIT 22,300 678,589
Health Care, Inc., REIT 9,900 376,200
Liberty Property Trust, REIT 11,400 217,968
ProLogis, REIT 17,900 68,557
Public Storage, Inc., REIT 1,900 132,791
Regency Centers Corp., REIT 9,400 334,734
Simon Property Group, Inc., REIT 14,100 669,750
Vornado Realty Trust, REIT 11,400 609,330
    3,427,614
Retail Grocery - 0.36%    
The Kroger Company 42,500 1,175,550
Retail Trade - 4.18%    
Barnes & Noble, Inc. 12,900 203,562
Big Lots, Inc. * 65,600 1,149,312
Children's Place Retail Stores, Inc. * 3,900 91,455
New York & Company, Inc. * 2,600 4,888
Ross Stores, Inc. 7,600 201,400
Systemax, Inc. * 700 6,846
The Buckle, Inc. 14,100 265,926
The Gap, Inc. 102,800 1,338,456
United Rentals, Inc. * 206,200 1,664,034
Urban Outfitters, Inc. * 6,500 118,105
Wal-Mart Stores, Inc. 151,500 8,465,820
    13,509,804
Semiconductors - 0.84%    
Altera Corp. 22,200 326,562
Intel Corp. 69,600 960,480
QLogic Corp. * 111,900 1,188,378
Volterra Semiconductor Corp. * (a) 33,300 249,084
    2,724,504
Software - 2.30%    
Microsoft Corp. 368,100 7,442,982
Steel - 0.11%    
United States Steel Corp. 11,800 358,720
Telecommunications Equipment &    
Services - 0.35%    
Embarq Corp. 34,000 1,109,760
Global Crossing, Ltd. * 3,100 23,777
    1,133,537

All Cap Core Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telephone - 4.61%      
AT&T, Inc.   251,900 $ 7,194,264
Atlantic Tele-Network, Inc.   2,500 57,350
Verizon Communications, Inc.   234,200 7,646,630
      14,898,244
Tobacco - 2.31%      
Altria Group, Inc.   70,300 1,130,424
Philip Morris International, Inc.   149,900 6,319,784
      7,450,208
Toys, Amusements & Sporting Goods - 0.40%    
Hasbro, Inc.   48,200 1,291,760
Transportation - 1.00%      
Frontline, Ltd. (a)   90,800 2,682,232
Kirby Corp. *   22,000 559,460
      3,241,692
Trucking & Freight - 1.03%      
Ryder Systems, Inc.     93,100    3,343,221
TOTAL COMMON STOCKS (Cost $379,196,475)     $ 287,605,416
 
SHORT TERM INVESTMENTS - 4.83%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 7,665,126 $ 7,665,126
U.S. Treasury Bills      
zero coupon due 01/15/2009     7,940,000     7,935,385
TOTAL SHORT TERM INVESTMENTS      
(Cost $15,600,511)       $ 15,600,511
 
REPURCHASE AGREEMENTS - 8.14%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$26,294,110 on 12/1/2008,      
collateralized by $26,295,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at      
$26,820,900, including interest) $ 26,294,000 $ 26,294,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $26,294,000)       $ 26,294,000
Total Investments (All Cap Core Fund)      
(Cost $421,090,986) - 101.96%     $ 329,499,927
Liabilities in Excess of Other Assets - (1.96)%     (6,330,172)
TOTAL NET ASSETS - 100.00%     $ 323,169,755
 
 
All Cap Growth Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 74.47%      
Aerospace - 6.90%      
General Dynamics Corp.   13,766 $ 711,289
Lockheed Martin Corp.   14,291 1,101,979
Raytheon Company   47,236 2,305,117

The accompanying notes are an integral part of the financial statements.
20

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Aerospace (continued)    
Rockwell Collins, Inc. 8,791 $ 299,597
Spirit Aerosystems Holdings, Inc., Class A * 29,372 265,817
United Technologies Corp. 34,330 1,666,035
    6,349,834
Agriculture - 0.76%    
Monsanto Company 2,625 207,900
The Mosaic Company 16,111 488,969
    696,869
Auto Parts - 0.10%    
BorgWarner, Inc. 3,909 92,487
Building Materials & Construction - 0.28%    
Chicago Bridge & Iron Company N.V. 3,049 31,009
Foster Wheeler, Ltd. * 10,247 228,098
    259,107
Business Services - 2.75%    
Accenture, Ltd., Class A 66,307 2,054,191
Fluor Corp. 8,793 400,433
Jacobs Engineering Group, Inc. * 1,811 81,079
    2,535,703
Cellular Communications - 0.83%    
China Mobile, Ltd. 83,372 765,656
Chemicals - 0.42%    
Potash Corp. of Saskatchewan, Inc. 6,277 386,914
Coal - 0.99%    
CONSOL Energy, Inc. 17,490 506,685
Peabody Energy Corp. 17,137 401,520
    908,205
Commercial Services - 0.29%    
Morningstar, Inc. * (a) 8,324 268,033
Computers & Business Equipment - 2.06%    
Apple, Inc. * 3,879 359,467
Cisco Systems, Inc. * 35,990 595,274
Cognizant Technology Solutions Corp.,    
Class A * 21,734 417,293
Research In Motion, Ltd. * 12,298 522,296
    1,894,330
Construction & Mining Equipment - 0.88%    
Joy Global, Inc. 7,909 184,201
National Oilwell Varco, Inc. * 22,077 624,558
    808,759
Cosmetics & Toiletries - 7.84%    
Avon Products, Inc. 15,265 322,092
Colgate-Palmolive Company 52,546 3,419,168
Procter & Gamble Company 53,995 3,474,578
    7,215,838
Crude Petroleum & Natural Gas - 1.75%    
Marathon Oil Corp. 15,438 404,167
Occidental Petroleum Corp. 22,378 1,211,545
    1,615,712
Drugs & Health Care - 0.65%    
Shire, Ltd. 43,164 594,881

All Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Educational Services - 0.39%    
Apollo Group, Inc., Class A * 4,709 $ 361,840
Electrical Equipment - 0.39%    
Emerson Electric Company 5,762 206,798
Fanuc, Ltd. 2,497 154,189
    360,987
Electronics - 0.27%    
Trimble Navigation, Ltd. * 12,374 251,935
Energy - 0.33%    
McDermott International, Inc. * 31,539 307,505
Food & Beverages - 9.39%    
General Mills, Inc. 8,323 525,764
Hansen Natural Corp. * 3,242 96,450
Kellogg Company 52,454 2,278,077
PepsiCo, Inc. 43,742 2,480,171
The Coca-Cola Company 69,729 3,268,198
    8,648,660
Gas & Pipeline Utilities - 1.07%    
Transocean, Inc. * 14,676 981,531
Healthcare Products - 10.68%    
Baxter International, Inc. 50,516 2,672,296
Becton, Dickinson & Company 30,232 1,920,639
Johnson & Johnson 53,783 3,150,608
Medtronic, Inc. 23,971 731,595
St. Jude Medical, Inc. * 48,502 1,359,511
    9,834,649
Healthcare Services - 0.96%    
Express Scripts, Inc. * 7,170 412,347
Quest Diagnostics, Inc. 10,058 468,401
    880,748
Industrial Machinery - 0.52%    
Cameron International Corp. * 17,670 372,837
Komatsu, Ltd. 8,556 102,877
    475,714
Industrials - 0.37%    
ABB, Ltd. * 15,091 195,617
Mitsui O.S.K. Lines, Ltd. 27,858 148,334
    343,951
Insurance - 4.50%    
ACE, Ltd. 35,697 1,865,168
Aon Corp. 5,891 266,863
Assurant, Inc. 10,765 234,354
Chubb Corp. 34,603 1,777,210
    4,143,595
International Oil - 0.65%    
Exxon Mobil Corp. 7,437 596,076
Internet Content - 0.94%    
Google, Inc., Class A * 2,958 866,576
Manufacturing - 0.89%    
Honeywell International, Inc. 29,435 820,059
Metal & Metal Products - 0.14%    
Precision Castparts Corp. 2,056 128,911

The accompanying notes are an integral part of the financial statements.
21

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Metal & Metal Products (continued)      
Titanium Metals Corp.   602 $ 5,087
      133,998
Mining - 0.68%      
BHP Billiton, Ltd.   18,189 343,718
Xstrata PLC   19,389 279,492
      623,210
Petroleum Services - 1.49%      
Baker Hughes, Inc.   13,585 473,165
Schlumberger, Ltd.   10,393 527,341
Valero Energy Corp.   20,313 372,744
      1,373,250
Pharmaceuticals - 2.69%      
Abbott Laboratories   12,415 650,422
Gilead Sciences, Inc. *   40,735 1,824,520
      2,474,942
Railroads & Equipment - 0.46%      
Norfolk Southern Corp.   5,875 290,636
Union Pacific Corp.   2,650 132,606
      423,242
Retail Grocery - 1.84%      
The Kroger Company   61,217 1,693,262
Sanitary Services - 1.05%      
Waste Management, Inc.   33,183 968,944
Software - 4.31%      
Adobe Systems, Inc. *   42,745 989,974
Autodesk, Inc. *   18,819 312,207
Microsoft Corp.   131,930 2,667,625
      3,969,806
Telecommunications Equipment &      
Services - 3.63%      
Amdocs, Ltd. *   16,356 307,329
KDDI Corp.   342 2,229,069
Nokia Oyj, SADR   57,207 810,623
      3,347,021
Transportation - 0.33%      
Nippon Yusen Kabushiki Kaisha     55,590    302,480
TOTAL COMMON STOCKS (Cost $66,622,391)   $ 68,576,309
 
SHORT TERM INVESTMENTS - 0.27%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 252,175 $ 252,175
TOTAL SHORT TERM INVESTMENTS      
(Cost $252,175)     $ 252,175

All Cap Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 10.13%    
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$9,324,039 on 12/01/2008,      
collateralized by $9,030,000      
Federal National Mortgage      
Association, 6.00% due      
04/18/2036 (valued at $9,515,363,      
including interest) $ 9,324,000 $ 9,324,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $9,324,000)      $  9,324,000
Total Investments (All Cap Growth Fund)      
(Cost $76,198,566) - 84.87%     $ 78,152,484
Other Assets in Excess of Liabilities - 15.13%   13,933,393
TOTAL NET ASSETS - 100.00%   $ 92,085,877
 
 
All Cap Value Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 90.54%      
Aerospace - 4.64%      
Alliant Techsystems, Inc. *   13,100 $ 1,076,820
Curtiss-Wright Corp.   7,400 247,160
General Dynamics Corp.   26,500 1,369,255
United Technologies Corp.   40,720 1,976,142
      4,669,377
Agriculture - 5.55%      
Archer-Daniels-Midland Company   195,300 5,347,314
Bunge, Ltd.   5,500 233,530
      5,580,844
Air Travel - 0.62%      
Southwest Airlines Company   71,500 618,475
Auto Parts - 1.26%      
Autoliv, Inc.   55,500 1,059,495
WABCO Holdings, Inc.   14,000 208,040
      1,267,535
Automobiles - 1.96%      
Honda Motor Company, Ltd., ADR   53,400 1,179,072
PACCAR, Inc.   28,400 791,508
      1,970,580
Banking - 2.66%      
Commerce Bancshares, Inc.   15,950 698,748
Cullen Frost Bankers, Inc.   33,635 1,823,353
PNC Financial Services Group, Inc.   2,900 153,033
      2,675,134
Biotechnology - 4.02%      
Amgen, Inc. *   36,400 2,021,656
Biogen Idec, Inc. *   35,900 1,518,929
Life Technologies Corp. * (a)   19,100 498,510
      4,039,095

The accompanying notes are an integral part of the financial statements.
22

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Building Materials & Construction - 0.24%    
Quanex Building Products Corp. 26,185 $ 242,473
Business Services - 1.07%    
URS Corp. * 28,400 1,078,064
Chemicals - 1.51%    
Cabot Corp. 30,000 620,700
Cytec Industries, Inc. 40,600 894,418
    1,515,118
Containers & Glass - 4.39%    
Bemis Company, Inc. 48,000 1,296,960
Pactiv Corp. * 114,400 2,858,856
Silgan Holdings, Inc. 5,800 262,392
    4,418,208
Crude Petroleum & Natural Gas - 2.06%    
Chesapeake Energy Corp. 29,700 510,246
Forest Oil Corp. * 6,100 106,445
Noble Energy, Inc. 6,700 350,276
XTO Energy, Inc. 28,800 1,101,312
    2,068,279
Domestic Oil - 0.13%    
Range Resources Corp. 3,100 128,557
Electrical Equipment - 0.69%    
Anixter International, Inc. * 23,589 646,339
Emerson Electric Company 1,400 50,246
    696,585
Electrical Utilities - 1.60%    
The Southern Company 26,800 973,376
Wisconsin Energy Corp. 14,700 638,862
    1,612,238
Electronics - 0.18%    
Teleflex, Inc. 3,900 184,782
Financial Services - 6.01%    
Bank of New York Mellon Corp. 55,698 1,682,636
Charles Schwab Corp. 16,100 295,113
GATX Corp. 25,500 717,825
JPMorgan Chase & Company 57,500 1,820,450
Raymond James Financial, Inc. (a) 34,900 766,753
Wells Fargo & Company 26,400 762,696
    6,045,473
Food & Beverages - 1.72%    
Diageo PLC, SADR 8,900 501,693
Hormel Foods Corp. 1,400 37,184
J.M. Smucker Company 15,200 689,624
Kellogg Company 4,500 195,435
PepsiCo, Inc. 5,479 310,659
    1,734,595
Gas & Pipeline Utilities - 4.72%    
El Paso Corp. 178,800 1,321,332
Spectra Energy Corp. 64,200 1,043,892
UGI Corp. 52,200 1,219,392
Williams Companies, Inc. 71,800 1,164,596
    4,749,212

All Cap Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Gold - 1.55%    
Barrick Gold Corp. 52,997 $ 1,561,292
Healthcare Products - 0.18%    
Medicines Company * 14,000 180,460
Healthcare Services - 2.79%    
DaVita, Inc. * 55,900 2,808,975
Holdings Companies/Conglomerates - 1.25%    
Berkshire Hathaway, Inc., Class B * 360 1,259,640
Hotels & Restaurants - 1.07%    
Brinker International, Inc. 35,400 235,056
Darden Restaurants, Inc. 39,200 716,968
Sonic Corp. * 14,700 124,215
    1,076,239
Industrial Machinery - 4.24%    
Caterpillar, Inc. 5,200 213,148
Donaldson Company, Inc. 13,100 448,282
ITT Corp. 39,900 1,670,214
Kennametal, Inc. 21,800 407,660
Parker-Hannifin Corp. 37,200 1,528,176
    4,267,480
Insurance - 2.46%    
Aon Corp. 41,100 1,861,830
Markel Corp. * 2,000 616,000
    2,477,830
International Oil - 1.54%    
EnCana Corp. 6,800 318,308
Exxon Mobil Corp. 15,391 1,233,589
    1,551,897
Internet Software - 1.71%    
McAfee, Inc. * 56,599 1,716,648
Liquor - 0.16%    
Central European Distribution Corp. * 6,600 156,024
Manufacturing - 5.65%    
AptarGroup, Inc. 24,000 802,560
Carlisle Companies, Inc. 77,254 1,640,102
Eaton Corp. 44,090 2,043,131
Hexcel Corp. * 18,900 141,750
Honeywell International, Inc. 29,100 810,726
Nordson Corp. 7,600 246,620
    5,684,889
Metal & Metal Products - 0.42%    
Reliance Steel & Aluminum Company 20,400 420,648
Petroleum Services - 2.92%    
Halliburton Company 44,458 782,461
PetroHawk Energy Corp. * 55,100 962,597
Smith International, Inc. 18,000 526,320
Superior Energy Services, Inc. * 39,300 662,205
    2,933,583
Pharmaceuticals - 10.04%    
Abbott Laboratories 35,700 1,870,323
AmerisourceBergen Corp. 7,800 244,530
Onyx Pharmaceuticals, Inc. * 44,500 1,250,450

The accompanying notes are an integral part of the financial statements.
23

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Pharmaceuticals (continued)      
OSI Pharmaceuticals, Inc. * (a)   38,400 $ 1,428,480
Schering-Plough Corp.   212,504 3,572,192
Watson Pharmaceuticals, Inc. *   72,800 1,729,000
      10,094,975
Railroads & Equipment - 0.20%      
Kansas City Southern *   9,000 197,280
Retail Grocery - 2.50%      
The Kroger Company   90,734 2,509,702
Retail Trade - 4.82%      
Costco Wholesale Corp.   39,800 2,048,506
Fossil, Inc. *   21,500 326,800
Kohl's Corp. *   18,500 604,210
MSC Industrial Direct Company, Inc., Class A   3,400 117,674
Wal-Mart Stores, Inc.   31,300 1,749,044
      4,846,234
Sanitary Services - 0.42%      
Ecolab, Inc.   10,900 418,451
Software - 0.21%      
Adobe Systems, Inc. *   9,300 215,388
Steel - 0.57%      
Carpenter Technology Corp.   34,400 573,104
Transportation - 0.20%      
Bristow Group, Inc. *   7,853 177,713
Kirby Corp. *   1,000 25,430
      203,143
Trucking & Freight - 0.61%      
Heartland Express, Inc.    39,800   614,512
TOTAL COMMON STOCKS (Cost $98,110,152)   $ 91,063,018
 
SHORT TERM INVESTMENTS - 1.36%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 1,364,803 $ 1,364,803
TOTAL SHORT TERM INVESTMENTS      
(Cost $1,364,803)        $ 1,364,803
 
REPURCHASE AGREEMENTS - 5.25%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$5,280,022 on 12/1/2008,      
collateralized by $5,420,000      
Federal National Mortgage      
Association, 5.55% due      
07/10/2028 (valued at $5,386,125,      
including interest) $ 5,280,000 $ 5,280,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $5,280,000)       $ 5,280,000
Total Investments (All Cap Value Fund)      
(Cost $104,754,955) - 97.15%     $ 97,707,821
Other Assets in Excess of Liabilities - 2.85%     2,869,357
TOTAL NET ASSETS - 100.00%     $ 100,577,178

Alpha Opportunities Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 81.48%    
Advertising - 0.35%    
Focus Media Holding, Ltd., ADR * 48,000 $ 358,560
Monster Worldwide, Inc. * 43,300 496,651
    855,211
Aerospace - 1.48%    
Boeing Company 36,800 1,568,784
Lockheed Martin Corp. 26,400 2,035,704
    3,604,488
Agriculture - 0.71%    
Monsanto Company 3,290 260,568
The Mosaic Company 48,750 1,479,563
    1,740,131
Air Travel - 2.82%    
Delta Air Lines, Inc. * 679,610 5,987,364
US Airways Group, Inc. * 145,500 867,180
    6,854,544
Apparel & Textiles - 0.49%    
NIKE, Inc., Class B 22,300 1,187,475
Automobiles - 0.35%    
Honda Motor Company, Ltd., ADR 38,500 850,080
Banking - 0.59%    
Bank of America Corp. 19,472 316,420
National City Corp. 68,800 138,288
PNC Financial Services Group, Inc. 6,300 332,451
Signature Bank * 11,400 339,720
Standard Chartered PLC 20,400 266,174
Standard Chartered PLC * 6,725 42,407
    1,435,460
Biotechnology - 2.99%    
Amgen, Inc. * 35,190 1,954,453
Cephalon, Inc. * 25,500 1,873,740
Charles River Laboratories International, Inc. * 23,200 528,960
Genentech, Inc. * 20,330 1,557,278
Genzyme Corp. * 14,550 931,491
Myriad Genetics, Inc. * 7,180 425,630
    7,271,552
Business Services - 2.09%    
Accenture, Ltd., Class A 57,500 1,781,350
Ariba, Inc. * 130,705 1,052,175
Automatic Data Processing, Inc. 52,400 2,151,544
R.H. Donnelley Corp. * 167,700 92,235
    5,077,304
Cable & Television - 1.32%    
Comcast Corp., Special Class A 128,900 2,161,653
Viacom, Inc., Class B * 7,700 122,584
Virgin Media, Inc. 198,600 939,378
    3,223,615
Cellular Communications - 1.29%    
China Mobile, Ltd., SADR 1,300 59,579
MetroPCS Communications, Inc. * 210,600 3,083,184
    3,142,763

The accompanying notes are an integral part of the financial statements.
24

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Chemicals - 1.54%    
FMC Corp. 51,100 $ 2,233,070
Potash Corp. of Saskatchewan, Inc. 14,950 921,518
Solutia, Inc. * 42,500 289,000
UCB SA 10,244 307,968
    3,751,556
Coal - 0.35%    
CONSOL Energy, Inc. 21,260 615,902
Massey Energy Company 14,600 228,052
    843,954
Commercial Services - 0.09%    
Pool Corp. 12,900 222,267
Computers & Business Equipment - 2.19%    
Apple, Inc. * 2,250 208,507
CACI International, Inc., Class A * 3,800 168,758
Cisco Systems, Inc. * 109,400 1,809,476
EMC Corp. * 46,800 494,676
Hewlett-Packard Company 19,800 698,544
Research In Motion, Ltd. * 41,450 1,760,382
Seagate Technology 48,400 203,764
    5,344,107
Construction & Mining Equipment - 0.27%    
National Oilwell Varco, Inc. * 23,000 650,670
Containers & Glass - 0.85%    
Mobile Mini, Inc. * 28,900 375,411
Owens-Illinois, Inc. * 67,700 1,368,894
Pactiv Corp. * 12,700 317,373
    2,061,678
Cosmetics & Toiletries - 0.36%    
Procter & Gamble Company 13,600 875,160
Crude Petroleum & Natural Gas - 4.42%    
Apache Corp. 14,000 1,082,200
Cabot Oil & Gas Corp. 8,200 245,754
Chesapeake Energy Corp. 15,600 268,008
EOG Resources, Inc. 3,920 333,278
Forest Oil Corp. * 15,000 261,750
Hess Corp. 19,000 1,026,760
Marathon Oil Corp. 83,700 2,191,266
Newfield Exploration Company * 50,000 1,129,000
Noble Energy, Inc. 15,700 820,796
Ultra Petroleum Corp. * 20,500 832,915
XTO Energy, Inc. 67,450 2,579,288
    10,771,015
Domestic Oil - 0.19%    
Range Resources Corp. 11,300 468,611
Drugs & Health Care - 1.00%    
Wyeth 67,400 2,427,074
Educational Services - 0.14%    
Strayer Education, Inc. 1,400 335,454
Electrical Equipment - 1.14%    
American Science & Engineering, Inc. 4,080 309,550
Capstone Turbine Corp. * 175,100 150,586
FLIR Systems, Inc. * 63,000 1,954,260

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
Vestas Wind Systems AS * 8,037 $ 364,343
    2,778,739
Electronics - 0.06%    
Flextronics International, Ltd. * 63,500 148,590
Energy - 0.80%    
Covanta Holding Corp. * 31,800 634,410
Energy Conversion Devices, Inc. * 20,900 584,782
First Solar, Inc. * 5,750 717,830
    1,937,022
Financial Services - 7.09%    
American Express Company 73,900 1,722,609
Ameriprise Financial, Inc. 15,900 293,514
Citigroup, Inc. 145,120 1,203,045
Deutsche Boerse AG 4,753 339,495
Goldman Sachs Group, Inc. 37,050 2,926,580
JPMorgan Chase & Company 75,100 2,377,666
MasterCard, Inc., Class A 3,150 457,695
Morgan Stanley 24,900 367,275
PennantPark Investment Corp. 88,300 260,485
TD Ameritrade Holding Corp. * 29,400 391,020
UBS AG * 7,300 93,002
Visa, Inc. 26,990 1,418,594
Wells Fargo & Company 150,500 4,347,945
Western Union Company 80,690 1,070,756
    17,269,681
Food & Beverages - 2.54%    
Dean Foods Company * 18,900 275,184
Flowers Foods, Inc. 13,630 365,011
General Mills, Inc. 6,000 379,020
Nestle SA 12,554 454,678
Nestle SA-Sponsored ADR 26,900 975,125
Pan Fish ASA * 1,870,000 268,903
PepsiCo, Inc. 13,000 737,100
Ralcorp Holdings, Inc. * 15,300 957,168
Smithfield Foods, Inc. * 76,200 518,922
Sysco Corp. 53,400 1,252,230
    6,183,341
Gas & Pipeline Utilities - 0.24%    
OAO Gazprom, SADR 32,812 576,264
Gold - 0.14%    
Barrick Gold Corp. 11,540 339,968
Healthcare Products - 3.54%    
ATS Medical, Inc. * 200,900 431,935
Baxter International, Inc. 6,530 345,437
China Medical Technologies, Inc. * 8,600 176,386
Covidien, Ltd. 36,050 1,328,442
Intuitive Surgical, Inc. * 1,760 233,253
Medtronic, Inc. 56,600 1,727,432
Mindray Medical International, Ltd., ADR 8,400 151,872
NutriSystem, Inc. 50,700 710,307
Varian Medical Systems, Inc. * 58,830 2,374,379
Volcano Corp. * 48,370 789,398

The accompanying notes are an integral part of the financial statements.
25

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Healthcare Products (continued)    
Zoll Medical Corp. * 19,600 $ 349,076
    8,617,917
Healthcare Services - 3.30%    
Cardinal Health, Inc. 42,000 1,365,840
Coventry Health Care, Inc. * 12,000 149,640
Humana, Inc. * 24,700 746,681
ICON PLC, SADR * 23,000 487,370
McKesson Corp. 42,000 1,467,480
UnitedHealth Group, Inc. 181,900 3,821,719
    8,038,730
Holdings Companies/Conglomerates - 0.12%    
Mitsui & Company, Ltd. 33,600 298,595
Homebuilders - 0.21%    
M.D.C. Holdings, Inc. 16,310 505,610
Household Products - 0.62%    
Jarden Corp. * 121,800 1,520,064
Industrial Machinery - 1.16%    
Caterpillar, Inc. 5,300 217,247
Deere & Company 28,670 998,003
Flowserve Corp. 24,000 1,207,920
Pall Corp. 14,300 393,393
    2,816,563
Industrials - 1.02%    
Aecom Technology Corp. * 93,500 2,476,815
Insurance - 3.27%    
ACE, Ltd. 55,800 2,915,550
Allied World Assurance Holdings, Ltd. 11,100 392,496
Everest Re Group, Ltd. 4,100 321,686
Hartford Financial Services Group, Inc. 51,400 434,330
Marsh & McLennan Companies, Inc. 139,900 3,567,450
The Travelers Companies, Inc. 7,700 336,105
    7,967,617
International Oil - 0.66%    
EnCana Corp. 6,070 284,137
Lundin Petroleum AB, Series A * 78,833 384,447
Talisman Energy, Inc. - USD 68,300 632,458
Weatherford International, Ltd. * 23,530 300,478
    1,601,520
Internet Content - 0.11%    
Google, Inc., Class A * 910 266,594
Internet Service Provider - 0.28%    
Equinix, Inc. * 9,700 440,477
Netease.com, Inc., ADR * 13,200 242,880
    683,357
Internet Software - 0.60%    
Akamai Technologies, Inc. * 16,200 198,774
McAfee, Inc. * 41,400 1,255,662
    1,454,436
Leisure Time - 1.57%    
DreamWorks Animation SKG, Inc., Class A * 21,800 503,580
Electronic Arts, Inc. * 90,600 1,726,836

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Leisure Time (continued)    
Las Vegas Sands Corp. * 45,700 $ 236,269
Walt Disney Company 59,700 1,344,444
    3,811,129
Life Sciences - 0.88%    
American Ecology Corp. 52,500 928,200
Pharmaceutical Product Development, Inc. 35,500 935,070
Sequenom, Inc. * 17,330 289,584
    2,152,854
Manufacturing - 2.18%    
ABB, Ltd., SADR 22,000 284,460
General Electric Company 129,700 2,226,949
Hansen Transmissions International NV * 351,725 480,012
Honeywell International, Inc. 71,500 1,991,990
Siemens AG 5,622 336,209
    5,319,620
Medical-Hospitals - 0.15%    
Novavax, Inc. * 166,700 353,404
Metal & Metal Products - 0.92%    
Cameco Corp. 39,930 687,994
Companhia Vale Do Rio Doce, ADR * 84,880 1,013,467
Precision Castparts Corp. 5,800 363,660
Vedanta Resources PLC 17,219 162,709
    2,227,830
Mining - 1.17%    
Agnico Eagle Mines, Ltd. 10,880 409,741
BHP Billiton PLC 7,975 144,310
Cliffs Natural Resources, Inc. 26,360 626,050
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 29,460 706,745
Goldcorp Inc. 15,090 406,977
Newmont Mining Corp. 12,970 436,441
Xstrata PLC 7,577 109,223
    2,839,487
Office Furnishings & Supplies - 0.09%    
OfficeMax, Inc. 39,200 213,640
Oil & Gas Drilling - 0.08%    
Karoon Gas Australia, Ltd. * 131,904 201,223
Paper - 0.04%    
Aracruz Celulose SA, SADR 4,260 35,401
Smurfit-Stone Container Corp. * 120,900 68,913
    104,314
Petroleum Services - 1.53%    
Baker Hughes, Inc. 4,650 161,960
Halliburton Company 9,100 160,160
Schlumberger, Ltd. 29,000 1,471,460
Suncor Energy, Inc. 11,200 240,128
Total SA, ADR 32,100 1,693,275
    3,726,983
Pharmaceuticals - 6.34%    
Abbott Laboratories 70,770 3,707,640
Amylin Pharmaceuticals, Inc. * 8,606 63,771
AstraZeneca PLC, SADR 10,000 377,300

The accompanying notes are an integral part of the financial statements.
26

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Alpha Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Auxilium Pharmaceuticals, Inc. * 13,500 $ 294,030
Barr Pharmaceuticals, Inc. * 5,960 389,724
Cubist Pharmaceuticals, Inc. * 30,840 757,430
Elan Corp. PLC, SADR * 174,600 1,094,742
Eli Lilly & Company 37,200 1,270,380
Gilead Sciences, Inc. * 9,120 408,485
Pfizer, Inc. 8,000 131,440
Schering-Plough Corp. 311,400 5,234,634
Teva Pharmaceutical Industries, Ltd., SADR 39,820 1,718,233
    15,447,809
Railroads & Equipment - 0.36%    
Burlington Northern Santa Fe Corp. 3,580 274,264
CSX Corp. 9,570 356,387
Kansas City Southern * 11,300 247,696
    878,347
Real Estate - 0.66%    
Anworth Mortgage Asset Corp., REIT 120,200 760,866
MFA Mortgage Investments, Inc., REIT 108,300 670,377
Simon Property Group, Inc., REIT 3,900 185,250
    1,616,493
Retail Grocery - 0.20%    
The Kroger Company 17,440 482,390
Retail Trade - 2.81%    
Advance Auto Parts, Inc. 14,500 440,220
Best Buy Company, Inc. 13,000 269,230
Big Lots, Inc. * 20,300 355,656
Dick's Sporting Goods, Inc. * 16,400 206,804
GameStop Corp., Class A * 29,600 646,760
Kohl's Corp. * 23,200 757,712
Staples, Inc. 182,000 3,159,520
Wal-Mart Stores, Inc. 18,100 1,011,428
    6,847,330
Semiconductors - 0.49%    
Intel Corp. 35,700 492,660
Lam Research Corp. * 4,500 90,900
Marvell Technology Group, Ltd. * 51,900 301,020
Maxim Integrated Products, Inc. 11,200 138,544
ON Semiconductor Corp. * 62,000 181,040
    1,204,164
Software - 2.83%    
BMC Software, Inc. * 67,800 1,692,288
Concur Technologies, Inc. * 12,700 348,615
Microsoft Corp. 101,500 2,052,330
Red Hat, Inc. * 87,100 805,675
Solera Holdings, Inc. * 48,300 945,231
UbiSoft Entertainment SA * 45,485 1,051,660
    6,895,799
Steel - 0.04%    
ArcelorMittal 3,650 86,432
Telecommunications Equipment &    
Services - 0.80%    
Amdocs, Ltd. * 32,800 616,312
Corning, Inc. 92,300 831,623

Alpha Opportunities Fund (continued)  
Shares or  
Principal  
Amount Value
 
COMMON STOCKS (continued)    
Telecommunications Equipment &    
Services (continued)    
NICE Systems, Ltd., ADR * 7,700 $ 171,710
QUALCOMM, Inc. 9,700 325,629
    1,945,274
Telephone - 1.26%    
AT&T, Inc. 107,700 3,075,912
Tobacco - 0.75%    
Japan Tobacco, Inc. 181 665,994
Lorillard, Inc. 5,610 339,012
Philip Morris International, Inc. 9,980 420,757
UST, Inc. 5,770 396,688
    1,822,451
Toys, Amusements & Sporting Goods - 1.13%    
Marvel Entertainment, Inc. * 45,900 1,351,755
Nintendo Company, Ltd. 4,100 1,274,639
    2,758,450
Travel Services - 0.12%    
Ctrip.com International, Ltd., ADR 12,400 288,548
Trucking & Freight - 1.70%    
Heartland Express, Inc. 75,400 1,164,176
Hub Group, Inc., Class A * 42,000 1,121,400
United Parcel Service, Inc., Class B 32,100 1,848,960
    4,134,536
Utility Service - 0.60%    
Sunpower Corp., Class B * 56,600   1,472,732
TOTAL COMMON STOCKS (Cost $209,210,230)   $ 198,382,743
 
INVESTMENT COMPANIES - 1.99%    
Investment Companies - 1.99%    
iShares Russell 1000 Index Fund 12,300 596,181
Ishares Russell Midcap Growth Index Fund * * 36,200 1,097,946
SPDR Trust Series 1 20,200 1,816,990
          4,840,237
TOTAL INVESTMENT COMPANIES (Cost $4,713,584)     $ 4,840,237
 
COMMON STOCKS - 81.48%    
Toys, Amusements & Sporting Goods - 1.13%    
Nintendo Company, Ltd. 3,400   132,056
TOTAL COMMON STOCKS (Cost $209,210,230)      $ 198,382,743
 
INVESTMENT COMPANIES - 1.99%    
Investment Companies - 1.99%    
Midcap SPDR Trust, Series 1 14,200    1,329,120
TOTAL INVESTMENT COMPANIES (Cost $4,713,584)    $ 4,840,237

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Alpha Opportunities Fund (continued)    
    Shares or    
    Principal    
    Amount   Value
 
REPURCHASE AGREEMENTS - 17.18%      
Repurchase Agreement with State        
Street Corp. dated 11/28/2008 at        
0.05% to be repurchased at        
$41,844,174 on 12/01/2008,        
collateralized by $41,130,000        
Federal Home Loan Bank, 4.375%        
due 09/17/2010 (valued at        
$42,684,714, including interest) $ 41,844,000 $ 41,844,000
TOTAL REPURCHASE AGREEMENTS        
(Cost $41,844,000)       $ 41,844,000
Total Investments (Alpha Opportunities Fund)      
(Cost $255,767,814) - 100.65%     $ 245,066,980
Liabilities in Excess of Other Assets - (0.65)%     (1,588,847)
TOTAL NET ASSETS - 100.00%     $ 243,478,133
 
 
American Diversified Growth & Income Fund
    Shares or    
    Principal    
    Amount   Value
 
INVESTMENT COMPANIES - 100.99%      
American Funds Insurance Series - 100.99%      
American Capital World Bond Fund   3,945 $ 70,217
American High-Income Trust   3,073   23,415
Bond Fund of America   15,470   163,675
Capital Income Builder Fund   1,161   47,135
Capital World Growth and Income Fund   2,341   59,710
EuroPacific Growth Fund   2,108   59,515
Fundamental Investors Fund   5,840   144,356
Growth Fund of America   8,186   167,320
Income Fund of America   3,646   46,518
Investment Company of America   8,035   166,556
New Perspective Fund   2,389   47,978
New World Fund   789   23,827
SMALLCAP World Fund   1,205   23,580
Washington Mutual Investors Fund   6,622   144,498
           1,188,300
TOTAL INVESTMENT COMPANIES (Cost $1,519,261) $ 1,188,300
Total Investments (American Diversified Growth & Income $ 1,188,300
Fund) (Cost $1,519,261) - 100.99%        
Liabilities in Excess of Other Assets - (0.99)%     (11,656)
TOTAL NET ASSETS - 100.00%     $ 1,176,644
 
 
American Fundamental Holdings Fund    
    Shares or    
    Principal    
    Amount   Value
 
INVESTMENT COMPANIES - 100.95%      
American Funds Insurance Series - 100.95%      
Bond Fund of America   27,074 $ 286,441
EuroPacific Growth Fund   5,568   157,176
Fundamental Investors Fund   6,024   148,908
Growth Fund of America   7,261   148,418

American Fundamental Holdings Fund (continued)
Shares or  
Principal  
Amount    Value
 
INVESTMENT COMPANIES (continued)    
American Funds Insurance Series    
(continued)    
Income Fund of America 7,407 $ 94,511
Investment Company of America 7,046 146,068
U.S. Government Securities Fund 6,794 93,695
Washington Mutual Investors Fund 5,670 123,711
    1,198,928
TOTAL INVESTMENT COMPANIES (Cost $1,446,680)    $ 1,198,928
Total Investments (American Fundamental Holdings Fund)  
(Cost $1,446,680) - 100.95%   $ 1,198,928
Liabilities in Excess of Other Assets - (0.95)%   (11,316)
TOTAL NET ASSETS - 100.00%   $ 1,187,612
 
 
American Global Diversification Fund  
Shares or  
Principal  
Amount   Value
 
INVESTMENT COMPANIES - 101.01%    
American Funds Insurance Series - 101.01%    
American High-Income Trust 10,844 $ 82,629
Bond Fund of America 23,384 247,404
Capital Income Builder Fund 2,330 94,562
Capital World Growth and Income Fund 7,508 191,540
EuroPacific Growth Fund 4,215 118,979
New Perspective Fund 7,183 144,236
New World Fund 3,993 120,517
SMALLCAP World Fund 9,899 193,730
    1,193,597
TOTAL INVESTMENT COMPANIES (Cost $1,591,525)         $ 1,193,597
Total Investments (American Global Diversification Fund)  
(Cost $1,591,525) - 101.01%   $ 1,193,597
Liabilities in Excess of Other Assets - (1.01)%   (11,954)
TOTAL NET ASSETS - 100.00%   $ 1,181,643
 
 
Blue Chip Growth Fund    
Shares or  
Principal  
Amount   Value
 
COMMON STOCKS - 98.83%    
Advertising - 0.32%    
Omnicom Group, Inc. 125,800 3,558,882
Aerospace - 0.38%    
General Dynamics Corp. 45,926 2,372,997
Lockheed Martin Corp. 22,300 1,719,553
Rockwell Collins, Inc. 4,301 146,578
    4,239,128
Agriculture - 2.00%    
Monsanto Company 284,996 22,571,683
Apparel & Textiles - 0.74%    
Coach, Inc. * 138,700 2,482,730

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Apparel & Textiles (continued)    
NIKE, Inc., Class B 110,100 $ 5,862,825
    8,345,555
Banking - 1.20%    
Northern Trust Corp. 241,311 11,073,762
PNC Financial Services Group, Inc. 47,800 2,522,406
    13,596,168
Biotechnology - 3.95%    
Amgen, Inc. * 241,200 13,396,248
Genentech, Inc. * 408,778 31,312,395
    44,708,643
Broadcasting - 0.80%    
Discovery Communications, Inc., Series A * 358,900 5,383,500
Discovery Communications, Inc., Series C * 240,900 3,644,817
    9,028,317
Business Services - 2.99%    
Accenture, Ltd., Class A 463,800 14,368,524
Automatic Data Processing, Inc. 247,067 10,144,571
Fiserv, Inc. * 271,200 9,258,768
    33,771,863
Cellular Communications - 1.39%    
America Movil SAB de CV, Series L, ADR 443,849 13,315,470
MetroPCS Communications, Inc. * (a) 160,700 2,352,648
    15,668,118
Chemicals - 1.94%    
Potash Corp. of Saskatchewan, Inc. 118,800 7,322,832
Praxair, Inc. 247,600 14,620,780
    21,943,612
Computers & Business Equipment - 7.73%    
Apple, Inc. * 391,100 36,243,237
Cisco Systems, Inc. * 641,982 10,618,382
Dell, Inc. * 2,327 25,993
EMC Corp. * 320,648 3,389,249
Hewlett-Packard Company 414,500 14,623,560
Juniper Networks, Inc. * 1,045,579 18,172,163
Research In Motion, Ltd. * 101,600 4,314,952
    87,387,536
Cosmetics & Toiletries - 0.12%    
Procter & Gamble Company 21,728 1,398,197
Crude Petroleum & Natural Gas - 1.64%    
EOG Resources, Inc. 218,200 18,551,364
Drugs & Health Care - 1.17%    
Novartis AG 56,600 2,641,194
Wyeth 294,646 10,610,203
    13,251,397
Educational Services - 0.44%    
Apollo Group, Inc., Class A * 64,800 4,979,232
Electrical Utilities - 0.19%    
Entergy Corp. 25,400 2,161,540
Electronics - 0.10%    
Thermo Fisher Scientific, Inc. * 32,500 1,159,600

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Energy - 0.58%    
First Solar, Inc. * 23,600 $ 2,946,224
NRG Energy, Inc. * 154,300 3,655,367
    6,601,591
Financial Services - 10.60%    
American Express Company 75,348 1,756,362
Ameriprise Financial, Inc. 15,089 278,543
Bank of New York Mellon Corp. 242,339 7,321,061
BlackRock, Inc. 28,970 3,641,819
Charles Schwab Corp. 426,614 7,819,835
CME Group, Inc. 21,350 4,525,132
Credit Suisse Group AG 1,600 46,893
Franklin Resources, Inc. 269,835 16,392,476
Goldman Sachs Group, Inc. 145,124 11,463,345
IntercontinentalExchange, Inc. * 117,850 8,673,760
JPMorgan Chase & Company 198,600 6,287,676
MasterCard, Inc., Class A 39,460 5,733,538
Merrill Lynch & Company, Inc. 45,810 605,608
Morgan Stanley 375,300 5,535,675
State Street Corp. 462,129 19,460,252
Visa, Inc. 128,900 6,774,984
Wells Fargo & Company 259,700 7,502,733
Western Union Company 454,500 6,031,215
    119,850,907
Food & Beverages - 1.20%    
PepsiCo, Inc. 149,066 8,452,042
The Coca-Cola Company 107,900 5,057,273
    13,509,315
Healthcare Products - 6.24%    
Alcon, Inc. 74,300 5,928,397
Baxter International, Inc. 253,600 13,415,440
Becton, Dickinson & Company 99,900 6,346,647
Covidien, Ltd. 180,300 6,644,055
Intuitive Surgical, Inc. * (a) 21,550 2,856,022
Medtronic, Inc. 487,646 14,882,956
St. Jude Medical, Inc. * 417,064 11,690,304
Stryker Corp. 226,521 8,816,197
    70,580,018
Healthcare Services - 4.38%    
Express Scripts, Inc. * 217,400 12,502,674
Humana, Inc. * 118,100 3,570,163
McKesson Corp. 237,200 8,287,768
Medco Health Solutions, Inc. * 493,500 20,727,000
WellPoint, Inc. * 122,928 4,376,237
    49,463,842
Hotels & Restaurants - 2.69%    
Marriott International, Inc., Class A 189,112 3,175,190
McDonald's Corp. 250,800 14,734,500
Wynn Resorts, Ltd. * (a) 98,000 3,902,360
Yum! Brands, Inc. 320,500 8,634,270
    30,446,320
Industrial Machinery - 0.20%    
Deere & Company 34,600 1,204,426

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrial Machinery (continued)    
FMC Technologies, Inc. * 40,000 $ 1,098,800
    2,303,226
Industrials - 0.33%    
Fastenal Company (a) 97,200 3,743,172
Insurance - 0.42%    
Aetna, Inc. 32,752 714,649
Aon Corp. 88,900 4,027,170
Prudential Financial, Inc. 1,700 36,890
    4,778,709
International Oil - 2.91%    
Chevron Corp. 103,900 8,209,139
Exxon Mobil Corp. 307,762 24,667,124
    32,876,263
Internet Content - 3.31%    
Google, Inc., Class A * 127,784 37,435,601
Internet Retail - 2.78%    
Amazon.com, Inc. * 671,011 28,652,170
eBay, Inc. * 1,662 21,822
Expedia, Inc. * 324,300 2,724,120
    31,398,112
Internet Software - 1.83%    
McAfee, Inc. * 321,400 9,748,062
Tencent Holdings, Ltd. 579,400 3,187,160
VeriSign, Inc. * 359,900 7,770,241
    20,705,463
Leisure Time - 0.76%    
Electronic Arts, Inc. * 387,496 7,385,674
International Game Technology 4,498 48,173
MGM Mirage, Inc. * (a) 96,265 1,153,255
    8,587,102
Manufacturing - 3.25%    
Danaher Corp. 612,237 34,064,867
General Electric Company 1,798 30,871
Illinois Tool Works, Inc. 78,826 2,689,543
    36,785,281
Mining - 0.00%    
BHP Billiton, Ltd. 1,800 34,015
Multimedia - 0.09%    
Time Warner, Inc. 106,900 967,445
Petroleum Services - 4.24%    
Baker Hughes, Inc. 841 29,292
Schlumberger, Ltd. 614,508 31,180,136
Smith International, Inc. 572,828 16,749,491
    47,958,919
Pharmaceuticals - 7.25%    
Allergan, Inc. 292,900 11,036,472
Celgene Corp. * 404,300 21,064,030
Gilead Sciences, Inc. * 767,438 34,373,548
Roche Holdings AG - Genusschein 60,406 8,462,535
Schering-Plough Corp. 48,400 813,604

Blue Chip Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Pharmaceuticals (continued)      
Teva Pharmaceutical Industries, Ltd., SADR 144,700 $ 6,243,805
      81,993,994
Publishing - 1.22%      
McGraw-Hill Companies, Inc.   551,400 13,785,000
Railroads & Equipment - 0.53%      
Union Pacific Corp.   120,700 6,039,828
Retail Trade - 5.23%      
Bed Bath & Beyond, Inc. *   271,600 5,510,764
Costco Wholesale Corp.   128,100 6,593,307
CVS Caremark Corp.   427,832 12,377,180
Kohl's Corp. *   329,570 10,763,756
Wal-Mart Stores, Inc.   427,336 23,879,536
      59,124,543
Semiconductors - 2.37%      
Altera Corp.   191,100 2,811,081
Broadcom Corp., Class A *   174,300 2,668,533
Intel Corp.   180,708 2,493,770
Marvell Technology Group, Ltd. *   1,474,790 8,553,782
Xilinx, Inc.   630,575 10,316,207
      26,843,373
Software - 4.04%      
Adobe Systems, Inc. *   159,625 3,696,915
Autodesk, Inc. *   337,900 5,605,761
Intuit, Inc. *   152,078 3,370,048
Microsoft Corp.   1,462,266 29,567,019
Oracle Corp. *   214,238 3,447,089
      45,686,832
Steel - 0.41%      
Nucor Corp.   128,700 4,592,016
Telecommunications Equipment &      
Services - 3.21%      
American Tower Corp., Class A *   612,362 16,680,741
QUALCOMM, Inc.   585,023 19,639,222
      36,319,963
Telephone - 0.03%      
AT&T, Inc.   13,600 388,416
Toys, Amusements & Sporting Goods - 1.14%    
Nintendo Company, Ltd.   41,500 12,901,834
Transportation - 0.30%      
Expeditors International of Washington, Inc.   100,300 3,353,029
Utility Service - 0.19%      
Sunpower Corp., Class B * (a)    81,300   2,115,426
TOTAL COMMON STOCKS (Cost $1,370,054,727)   $ 1,117,490,390
 
SHORT TERM INVESTMENTS - 1.93%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 11,468,015 $ 11,468,015
T. Rowe Price Reserve Investment Fund,      
2.7528%    10,342,905   10,341,905
TOTAL SHORT TERM INVESTMENTS      
(Cost $21,809,920)       $ 21,809,920

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 0.02%    
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$194,001 on 12/01/2008,      
collateralized by $140,000 U.S.      
Treasury Bonds, 8.5% due      
02/15/2020 (valued at $204,974,      
including interest) $ 194,000 $ 194,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $194,000)       $ 194,000
Total Investments (Blue Chip Growth Fund)    
(Cost $1,392,058,647) - 100.78%     $ 1,139,494,310
Liabilities in Excess of Other Assets - (0.78)%   (8,836,374)
TOTAL NET ASSETS - 100.00%     $ 1,130,657,936
 
 
Capital Appreciation Fund    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 94.38%      
Aerospace - 3.45%      
Lockheed Martin Corp.   115,900 $ 8,937,049
Raytheon Company   189,500 9,247,600
United Technologies Corp.   78,400 3,804,752
      21,989,401
Agriculture - 2.66%      
Monsanto Company   213,600 16,917,120
Apparel & Textiles - 1.80%      
NIKE, Inc., Class B   215,292 11,464,299
Biotechnology - 4.65%      
Genentech, Inc. *   331,231 25,372,295
Genzyme Corp. *   66,400 4,250,928
      29,623,223
Computers & Business Equipment - 9.93%    
Apple, Inc. *   102,576 9,505,718
Cisco Systems, Inc. *   912,330 15,089,938
Hewlett-Packard Company   505,900 17,848,152
International Business Machines Corp.   84,200 6,870,720
Research In Motion, Ltd. *   327,700 13,917,419
      63,231,947
Cosmetics & Toiletries - 3.03%      
Colgate-Palmolive Company   296,800 19,312,776
Crude Petroleum & Natural Gas - 3.64%    
Occidental Petroleum Corp.   177,500 9,609,850
Southwestern Energy Company *   395,800 13,603,646
      23,213,496
Drugs & Health Care - 1.14%      
Wyeth   201,200 7,245,212
Electronics - 1.91%      
Thermo Fisher Scientific, Inc. *   341,000 12,166,880
Financial Services - 6.32%      
Charles Schwab Corp.   753,331 13,808,557

Capital Appreciation Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
Goldman Sachs Group, Inc. 71,610 $ 5,656,474
Lazard, Ltd., Class A 38,000 1,187,880
Visa, Inc. 372,300 19,568,088
    40,220,999
Food & Beverages - 4.20%    
PepsiCo, Inc. 228,835 12,974,945
The Coca-Cola Company 293,700 13,765,719
    26,740,664
Healthcare Products - 5.55%    
Alcon, Inc. 190,019 15,161,616
Baxter International, Inc. 382,100 20,213,090
    35,374,706
Healthcare Services - 1.98%    
Medco Health Solutions, Inc. * 300,500 12,621,000
Internet Content - 4.09%    
Google, Inc., Class A * 88,993 26,071,389
Internet Retail - 2.12%    
Amazon.com, Inc. * 315,900 13,488,930
Leisure Time - 1.55%    
Walt Disney Company 437,000 9,841,240
Petroleum Services - 2.74%    
Schlumberger, Ltd. 343,994 17,454,256
Pharmaceuticals - 15.89%    
Abbott Laboratories 361,500 18,938,985
Celgene Corp. * 267,800 13,952,380
Gilead Sciences, Inc. * 809,672 36,265,209
Mylan, Inc. * (a) 342,200 3,220,102
Roche Holding AG, SADR 53,600 3,735,920
Shire Pharmaceuticals Group PLC, ADR 150,970 6,189,770
Teva Pharmaceutical Industries, Ltd., SADR 438,700 18,929,905
    101,232,271
Railroads & Equipment - 0.41%    
Union Pacific Corp. 51,900 2,597,076
Retail Trade - 8.28%    
Costco Wholesale Corp. 269,900 13,891,753
CVS Caremark Corp. 525,300 15,196,929
Wal-Mart Stores, Inc. 423,400 23,659,592
    52,748,274
Semiconductors - 0.34%    
NVIDIA Corp. * 286,500 2,140,155
Software - 5.22%    
Adobe Systems, Inc. * 483,615 11,200,523
Infosys Technologies, Ltd., ADR 273,300 6,873,495
Microsoft Corp. 451,541 9,130,159
Oracle Corp. * 373,800 6,014,442
    33,218,619
Telecommunications Equipment &    
Services - 3.48%    
QUALCOMM, Inc. 661,000    22,189,770
TOTAL COMMON STOCKS (Cost $685,090,529)   $ 601,103,703

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Capital Appreciation Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS - 0.03%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 187,150 $ 187,150
TOTAL SHORT TERM INVESTMENTS      
(Cost $187,150)       $ 187,150
 
REPURCHASE AGREEMENTS - 5.89%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$37,538,156 on 12/01/2008,      
collateralized by $38,630,000      
Federal Home Loan Mortgage      
Corp., 5.625% due 11/23/2035      
(valued at $38,291,988, including      
interest) $ 37,538,000 $ 37,538,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $37,538,000)      $ 37,538,000
Total Investments (Capital Appreciation Fund)    
(Cost $722,815,679) - 100.30%     $ 638,828,853
Liabilities in Excess of Other Assets - (0.30)%     (1,917,563)
TOTAL NET ASSETS - 100.00%   $ 636,911,290
 
 
 
Core Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 5.77%      
U.S. Treasury Bonds - 4.50%      
2.75% due 10/31/2013 $ 2,386,000 $ 2,480,507
3.75% due 11/15/2018   3,347,000 3,575,276
4.375% due 02/15/2038   66,000 76,493
4.50% due 05/15/2038   1,493,000 1,766,289
5.00% due 05/15/2037   700 884
      7,899,449
 
U.S. Treasury Notes - 0.87%      
3.875% due 05/15/2018   1,412,000 1,524,188
U.S. Treasury Strips - 0.40%      
6.125% due 11/15/2027    1,459,000    702,508
TOTAL U.S. TREASURY OBLIGATIONS      
(Cost $9,882,637)       $ 10,126,145
 
U.S. GOVERNMENT AGENCY OBLIGATIONS - 55.39%  
Federal Home Loan Bank - 1.08%      
5.46% due 11/27/2015   1,880,663 1,893,774
Federal Home Loan Mortgage Corp. - 18.98%    
3.57% due 06/15/2029   174,863 175,086
3.90% due 01/15/2023   576,659 579,710
4.00% due 09/01/2018   554,870 550,448
4.50% due 04/01/2028 to 03/01/2036   1,371,257 1,351,885
5.00% due 10/01/2014   425,988 430,776
5.50% due 01/01/2017 to 12/01/2099   17,731,564 17,963,615
5.50% TBA **   5,500,000 5,572,188
5.734% due 05/01/2037 (b)   484,273 488,203
5.864% due 12/01/2036 (b)   324,216 326,589
5.874% due 01/01/2037 (b)   3,797 3,835

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Federal Home Loan Mortgage Corp.      
(continued)      
5.93% due 05/01/2037 (b) $ 151,851 $ 152,519
5.944% due 03/01/2037 to 05/01/2037 (b) 173,204 174,166
6.00% due 08/01/2016 to 07/01/2023   2,927,621 2,988,464
6.146% due 09/01/2037 (b)   680,501 688,092
6.306% due 06/01/2036 to 04/01/2037 (b) 414,723 419,397
6.371% due 10/01/2037 (b)   242,235 246,557
6.402% due 11/01/2037 (b)   130,781 131,919
6.50% due 07/01/2034 to 08/01/2038   1,025,536 1,062,010
      33,305,459
 
Federal National Mortgage      
Association - 29.21%      
4.00% due 05/01/2034   1,650,287 1,598,722
4.50% due 06/01/2013 to 09/01/2037   14,303,244 14,138,113
4.50% TBA **   6,500,000 6,398,438
5.00% TBA **   3,100,000 3,128,453
5.50% due 01/01/2019 to 07/01/2037   10,699,342 10,878,161
5.50% TBA **   3,500,000 3,555,781
5.746% due 05/01/2037 (b)   344,825 348,644
5.766% due 08/01/2037 (b)   506,645 512,148
5.881% due 02/01/2037 (b)   186,827 187,964
5.946% due 01/01/2037 (b)   281,834 284,137
5.983% due 04/01/2037 (b)   227,928 230,102
6.00% due 05/01/2021 to 11/01/2023   1,248,801 1,281,489
6.003% due 04/01/2037 (b)   155,860 157,084
6.00% TBA **   1,000,000 1,019,375
6.02% due 01/01/2037 (b)   221,023 223,104
6.105% due 11/01/2037 (b)   572,562 579,357
6.115% due 12/01/2036 (b)   182,927 185,243
6.233% due 09/01/2037 (b)   621,204 630,838
6.50% due 12/01/2037 to 09/01/2038   2,547,994 2,582,982
6.50% TBA **   1,500,000 1,538,848
7.00% due 08/01/2028 to 12/01/2037   736,290 770,612
7.00% TBA **   1,000,000 1,035,313
      51,264,908
 
Government National Mortgage      
Association - 6.12%      
4.50% due 09/15/2034   1,700,822 1,680,472
5.50% TBA **   2,500,000 2,533,301
6.00% TBA **   5,000,000 5,084,375
6.50% due 12/15/2032   1,367,972 1,446,684
      10,744,832
 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $95,044,126)      $ 97,208,973
 
FOREIGN GOVERNMENT OBLIGATIONS - 0.06%  
Mexico - 0.06%      
Government of Mexico      
5.875% due 01/15/2014    109,000    103,550
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $110,632)      $ 103,550

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 21.55%      
Aluminum - 0.12%      
Alcoa, Inc.      
6.00% due 07/15/2013 $ 245,000 $ 210,234
Automobiles - 0.69%      
DaimlerChrysler N.A. Holding Corp., MTN      
3.1688% due 03/13/2009 (b)   610,000 581,700
DaimlerChrysler NA Holding Corp.      
6.50% due 11/15/2013   690,000 518,335
8.50% due 01/18/2031   140,000 103,913
      1,203,948
 
Banking - 1.93%      
Bank of America Corp.      
5.375% due 06/15/2014   135,000 128,229
5.65% due 05/01/2018   325,000 303,772
Credit Suisse New York      
5.75% due 02/15/2018   485,000 410,112
Credit Suisse New York, MTN      
5.00% due 05/15/2013   345,000 325,298
Export-Import Bank Of Korea      
5.50% due 10/17/2012   565,000 499,748
HSBC Holdings PLC      
6.80% due 06/01/2038   235,000 196,608
PNC Funding Corp.      
5.25% due 11/15/2015   304,000 279,453
US Bank NA, MTN      
5.92% due 05/25/2012   1,159,511 1,243,564
      3,386,784
 
Broadcasting - 0.17%      
British Sky Broadcasting Group PLC      
9.50% due 11/15/2018 (h)   290,000 292,750
Business Services - 0.12%      
Thomson Reuters Corp.      
5.95% due 07/15/2013   215,000 204,161
Cable & Television - 0.88%      
AT&T Broadband Corp.      
8.375% due 03/15/2013   1,272,000 1,271,338
Rogers Cable, Inc.      
5.50% due 03/15/2014   145,000 131,557
Time Warner Entertainment Company LP      
8.375% due 07/15/2033   156,000 134,130
      1,537,025
 
Cellular Communications - 1.01%      
Rogers Wireless, Inc.      
6.375% due 03/01/2014   680,000 609,103
Verizon Wireless Capital LLC      
7.375% due 11/15/2013 (h)   585,000 579,570
8.50% due 11/15/2018 (h)   580,000 585,212
      1,773,885
 
Cellular Telecom - 0.13%      
Verizon Communications, Inc.      
8.75% due 11/01/2018   120,000 120,031
8.95% due 03/01/2039   115,000 117,988
      238,019
 
Commercial Services - 0.07%      
Hutchison Whampoa International, Ltd.      
7.45% due 11/24/2033 (h)   155,000 126,421

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Computers & Business Equipment - 0.44%    
International Business Machines Corp      
7.625% due 10/15/2018 $ 290,000 $ 311,706
Xerox Corp.      
5.50% due 05/15/2012   220,000 175,761
6.35% due 05/15/2018   400,000 286,867
      774,334
 
Crude Petroleum & Natural Gas - 1.56%      
Husky Oil Company, Ltd.      
7.55% due 11/15/2016   155,000 142,386
Petrobras International Finance Company      
5.875% due 03/01/2018   585,000 506,359
Ras Laffan Liquefied Natural Gas Company, Ltd. III    
6.332% due 09/30/2027 (h)   355,000 255,167
Southern Natural Gas Company      
5.90% due 04/01/2017 (h)   280,000 214,200
Spectra Energy Capital LLC      
7.50% due 09/15/2038   215,000 164,037
Transocean, Inc.      
6.00% due 03/15/2018   280,000 247,880
Weatherford International, Inc.      
5.95% due 06/15/2012   165,000 152,020
6.35% due 06/15/2017   210,000 181,375
XTO Energy, Inc.      
5.75% due 12/15/2013   600,000 563,983
6.50% due 12/15/2018   335,000 309,228
      2,736,635
 
Domestic Oil - 0.33%      
Devon Financing Corp., ULC      
6.875% due 09/30/2011   575,000 577,065
Drugs & Health Care - 0.63%      
GlaxoSmithKline Capital, Inc.      
6.375% due 05/15/2038   290,000 274,391
Wyeth      
6.95% due 03/15/2011   810,000 837,787
      1,112,178
 
Electrical Utilities - 2.17%      
Allegheny Energy Supply Company LLC      
8.25% due 04/15/2012 (h)   235,000 220,900
CMS Energy Corp.      
6.55% due 07/17/2017   185,000 143,963
Commonwealth Edison      
6.15% due 09/15/2017   185,000 161,408
Dominion Resources, Inc.      
8.875% due 01/15/2019   325,000 331,235
DPL, Inc.      
6.875% due 09/01/2011   735,000 716,576
Duke Energy Carolinas LLC      
6.00% due 01/15/2038   130,000 119,127
Florida Power Corp.      
6.40% due 06/15/2038   270,000 259,527
Nevada Power Company, Series A      
8.25% due 06/01/2011   565,000 566,712
Progress Energy, Inc.      
6.85% due 04/15/2012   165,000 163,513
Taqa Abu Dhabi National Energy Company      
5.62% due 10/25/2012 (h)   1,039,000 905,525

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
Virginia Electric and Power Company      
8.875% due 11/15/2038 $ 205,000 $ 222,705
      3,811,191
 
Financial Services - 5.32%      
Allied Capital Corp.      
6.625% due 07/15/2011   1,105,000 837,054
American Express Bank FSB      
5.50% due 04/16/2013   515,000 456,476
American Express Company      
8.15% due 03/19/2038   125,000 116,002
Citigroup, Inc.      
3.625% due 02/09/2009   310,000 306,989
6.125% due 05/15/2018   420,000 380,283
6.50% due 08/19/2013   1,310,000 1,247,636
8.40% due 04/29/2049 (b)   355,000 209,450
General Electric Capital Corp., Series A, MTN      
3.75% due 12/15/2009   406,000 401,584
Goldman Sachs Capital II      
5.793% due 12/29/2049 (b)   605,000 227,193
Goldman Sachs Group, Inc.      
5.125% due 01/15/2015   285,000 232,463
6.75% due 10/01/2037   690,000 447,283
JPMorgan Chase & Company      
6.40% due 05/15/2038   325,000 318,658
JPMorgan Chase Bank NA, BKNT      
6.00% due 10/01/2017   475,000 440,810
JPMorgan Chase Capital XXV, Series Y      
6.80% due 10/01/2037   425,000 312,357
Lazard Group LLC      
6.85% due 06/15/2017   415,000 246,659
7.125% due 05/15/2015   555,000 344,669
Merrill Lynch & Company, Inc., MTN      
6.875% due 04/25/2018   805,000 760,999
Morgan Stanley      
5.30% due 03/01/2013   265,000 226,414
6.25% due 08/28/2017   325,000 265,847
Morgan Stanley, MTN      
5.95% due 12/28/2017   425,000 341,969
6.625% due 04/01/2018   1,125,000 935,422
The Goldman Sachs Group, Inc.      
5.15% due 01/15/2014   330,000 281,673
      9,337,890
 
Food & Beverages - 0.37%      
Kraft Foods, Inc.      
6.125% due 02/01/2018   660,000 612,631
6.125% due 08/23/2018   45,000 41,318
      653,949
 
Gas & Pipeline Utilities - 0.57%      
El Paso Natural Gas Company      
5.95% due 04/15/2017   145,000 111,090
Kinder Morgan, Inc.      
6.50% due 09/01/2012   920,000 736,000
TransCanada Pipelines, Ltd.      
7.25% due 08/15/2038   170,000 146,384
      993,474

Core Bond Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Healthcare Services - 0.25%      
Coventry Health Care, Inc.      
5.95% due 03/15/2017 $ 455,000 $ 237,470
UnitedHealth Group, Inc.      
6.875% due 02/15/2038   260,000 201,109
      438,579
 
Hotels & Restaurants - 0.11%      
Yum! Brands, Inc.      
6.875% due 11/15/2037   270,000 188,741
Industrial Machinery - 0.05%      
Weatherford International, Ltd.      
7.00% due 03/15/2038   105,000 80,825
Insurance - 0.29%      
ACE INA Holdings, Inc.      
5.70% due 02/15/2017   200,000 168,395
6.70% due 05/15/2036   95,000 73,899
Liberty Mutual Group, Inc.      
7.50% due 08/15/2036 (h)   383,000 259,288
      501,582
International Oil - 0.15%      
Husky Energy, Inc.      
6.80% due 09/15/2037   150,000 109,689
Petro-Canada      
6.80% due 05/15/2038   225,000 160,012
      269,701
Liquor - 0.18%      
Diageo Capital PLC      
5.20% due 01/30/2013   190,000 182,049
5.75% due 10/23/2017   145,000 131,040
      313,089
Mining - 0.44%      
Rio Tinto Finance USA, Ltd.      
5.875% due 07/15/2013   590,000 458,604
6.50% due 07/15/2018   435,000 307,306
      765,910
Pharmaceuticals - 0.33%      
AstraZeneca PLC      
5.40% due 09/15/2012   270,000 279,373
Schering-Plough Corp.      
6.55% due 09/15/2037   345,000 304,557
      583,930
Pipelines - 0.14%      
Plains All American Pipeline LP      
6.50% due 05/01/2018   326,000 250,631
Real Estate - 0.62%      
Health Care Property Investors, Inc., REIT      
5.65% due 12/15/2013   450,000 268,851
WEA Finance LLC      
7.125% due 04/15/2018 (h)   830,000 567,134
Westfield Group      
5.40% due 10/01/2012 (h)   331,000 258,996
      1,094,981

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Retail Trade - 0.07%      
Nordstrom, Inc.      
7.00% due 01/15/2038 $ 195,000 $ 123,897
Software - 0.20%      
Oracle Corp.      
5.75% due 04/15/2018   371,000 347,717
Telecommunications Equipment &      
Services - 0.38%      
Corning, Inc.      
7.25% due 08/15/2036   145,000 107,766
France Telecom SA      
7.75% due 03/01/2011   315,000 320,416
SBC Communications, Inc.      
5.10% due 09/15/2014   260,000 233,215
      661,397
 
Telephone - 0.97%      
AT&T, Inc.      
6.40% due 05/15/2038   149,000 123,714
British Telecommunications PLC      
8.625% due 12/15/2030   400,000 375,666
Qwest Corp.      
7.50% due 10/01/2014   480,000 369,600
Telefonica Emisiones SAU      
5.855% due 02/04/2013   140,000 128,805
5.984% due 06/20/2011   740,000 707,786
      1,705,571
 
Tobacco - 0.60%      
Altria Group, Inc.      
9.70% due 11/10/2018   630,000 637,508
9.95% due 11/10/2038   420,000 415,986
      1,053,494
 
Transportation - 0.11%      
Burlington Northern Santa Fe Corp.      
5.75% due 03/15/2018   220,000 201,190
Utility Service - 0.15%      
Pacificorp      
6.25% due 10/15/2037     290,000   268,101
TOTAL CORPORATE BONDS (Cost $43,197,149)      $ 37,819,279
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 24.69%      
American Tower Trust, Series 2007-1A, Class AFX    
5.4197% due 04/15/2037 (h)   484,000 369,921
Banc of America Commercial Mortgage, Inc.,    
Series 2008-1, Class A4      
6.3457% due 12/10/2017 (b)   134,000 89,197
Banc of America Commercial Mortgage, Inc.,    
Series 2000-1, Class A2A      
7.333% due 11/15/2031 (b)   434,224 426,952
Banc of America Commercial Mortgage, Inc.,    
Series 2002-PB2, Class B      
6.309% due 06/11/2035   143,000 128,379
Banc of America Commercial Mortgage, Inc.,    
Series 2003-1, Class A2      
4.648% due 09/11/2036   318,000 261,831

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Banc of America Commercial Mortgage, Inc.,    
Series 2004-2, Class A5      
4.58% due 02/10/2014 $ 78,000 $ 60,175
Bear Stearns Commercial Mortgage Securities    
5.61% due 11/15/2033   132,000 119,398
6.48% due 02/15/2035   268,000 250,114
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2002-PBW1, Class A2      
4.72% due 11/11/2035 (b)   246,000 206,978
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2004-ESA, Class C      
4.937% due 05/14/2016 (h)   569,000 566,478
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2004-PWR6, Class A6      
4.825% due 11/11/2041   88,000 69,593
Citigroup Commercial Mortgage Trust, Series    
2008-C7, Class A4      
6.2989% due 12/10/2049 (b)   604,000 402,362
Citimortgage Alternative Loan Trust, Inc., Series    
2006-A1, Class 1A6      
6.00% due 04/25/2036   511,793 267,252
Commercial Mortgage Asset Trust      
6.975% due 01/17/2032   203,000 182,574
Commercial Mortgage Pass Through Certificates,    
Series 2001-J2A, Class A2      
6.096% due 07/16/2034   868,000 791,094
Countrywide Alternative Loan Trust,      
Series 2006-OC6, Class 2A1      
1.465% due 07/25/2036 (b)   320,725 286,361
CS First Boston Mortgage Securities Corp., Series    
2002-CP5, Class A2      
4.94% due 12/15/2035   146,000 121,848
CS First Boston Mortgage Securities Corp.,      
Series 2001-CF2, Class A4      
6.505% due 02/15/2034   320,610 301,849
CS First Boston Mortgage Securities Corp.,      
Series 2001-CK1, Class A3      
6.38% due 12/18/2035   175,314 165,136
CS First Boston Mortgage Securities Corp.,      
Series 2001-CKN5, Class A4      
5.435% due 09/15/2034   360,637 326,016
CS First Boston Mortgage Securities Corp.,      
Series 2002-CKN2, Class A3      
6.133% due 04/15/2037   33,000 29,497
CS First Boston Mortgage Securities Corp.,      
Series 2002-CKS4, Class A2      
5.183% due 11/15/2036   1,017,000 865,858
CS First Boston Mortgage Securities Corp.,      
Series 2003-C4, Class A4      
5.137% due 08/15/2036 (b)   238,000 194,609
CS First Boston Mortgage Securities Corp.,      
Series 2003-C5, Class A4      
4.90% due 12/15/2036 (b)   210,000 167,504
CS First Boston Mortgage Securities Corp.,      
Series 2003-CK2, Class A4      
4.801% due 03/15/2036   180,000 147,680
CS First Boston Mortgage Securities Corp.,      
Series 2003-CPN1, Class A2      
4.597% due 03/15/2035   131,000 106,253

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
DLJ Commercial Mortgage Corp.,      
Series 1999-CG3, Class A1B      
7.34% due 10/10/2032 $ 405,707 $ 398,713
DLJ Commercial Mortgage Corp.,      
Series 2000-CKP1, Class A1B      
7.18% due 11/10/2033   366,038 352,629
DLJ Commercial Mortgage Corp.,      
Series 1999-CG2,Class A1B      
7.30% due 06/10/2032   125,282 123,935
Federal Home Loan Bank,      
Series 2007-2014, Class 1      
5.34% due 03/20/2014   739,926 773,319
Federal Home Loan Mortgage Corp., Series      
2003-2695, Class BG      
4.50% due 04/15/2032   487,000 479,850
Federal Home Loan Mortgage Corp., Series      
2003-2702, Class AD      
4.50% due 08/15/2032   426,000 419,360
Federal Home Loan Mortgage Corp., Series      
2005-3008, Class JM      
4.50% due 07/15/2025   302,000 285,995
Federal Home Loan Mortgage Corp., Series      
2007-3317, Class PG      
5.00% due 04/15/2036   149,000 143,471
Federal Home Loan Mortgage Corp., Series      
2008-3460, Class PB      
5.00% due 06/15/2031   175,000 175,680
Federal Home Loan Mortgage Corp., Series 2564,    
Class BQ      
5.50% due 10/15/2017   172,443 174,737
Federal Home Loan Mortgage Corp., Series 2590,    
Class BY      
5.00% due 03/15/2018   73,000 72,061
Federal Home Loan Mortgage Corp., Series 3320,    
Class TB      
5.50% due 06/15/2030   197,000 200,686
Federal Home Loan Mortgage Corp., Series 3465,    
Class HA      
4.00% due 07/15/2017   447,911 442,985
Federal Home Loan Mortgage Corp.,      
Series 2002-2542, Class ES      
5.00% due 12/15/2017   686,000 687,355
Federal Home Loan Mortgage Corp.,      
Series 2003-2558, Class BD      
5.00% due 01/15/2018   520,000 515,509
Federal Home Loan Mortgage Corp.,      
Series 2003-2590, Class NU      
5.00% due 06/15/2017   381,000 392,058
Federal Home Loan Mortgage Corp.,      
Series 2003-2603, Class KT      
4.75% due 07/15/2014   676,983 688,093
Federal Home Loan Mortgage Corp.,      
Series 2003-2623, Class AJ      
4.50% due 07/15/2016   330,000 333,008
Federal Home Loan Mortgage Corp.,      
Series 2003-2672, Class HA      
4.00% due 09/15/2016   149,072 149,431
Federal Home Loan Mortgage Corp.,      
Series 2004-2780, Class TB      
3.00% due 12/15/2024   76,271 76,290

Core Bond Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Federal Home Loan Mortgage Corp.,      
Series 2004-2790, Class TN      
4.00% due 05/15/2024 $ 408,000  $ 364,362
Federal Home Loan Mortgage Corp.,      
Series 2005-3017, Class TA      
4.50% due 08/15/2035   389,532 392,160
Federal Home Loan Mortgage Corp.,      
Series 2005-3035, Class PA      
5.50% due 09/15/2035   266,436 272,015
Federal Home Loan Mortgage Corp.,      
Series 2006-3104, Class QC      
5.00% due 09/15/2031   585,000 592,613
Federal Home Loan Mortgage Corp.,      
Series 2007-3268, Class HC      
5.00% due 12/15/2032   273,000 273,691
Federal Home Loan Mortgage Corp.,      
Series 2007-3289, Class PB      
5.00% due 11/15/2029   327,000 333,910
Federal Home Loan Mortgage Corp.,      
Series 2007-3298, Class VB      
5.00% due 11/15/2025   302,000 285,246
Federal Home Loan Mortgage Corp.,      
Series 2007-3372, Class BD      
4.50% due 10/15/2022   339,000 316,222
Federal National Mortgage Association, Series      
2001-81, Class HE      
6.50% due 01/25/2032   5,361,122 5,527,875
Federal National Mortgage Association, Series      
2001-T6, Class A      
5.703% due 05/25/2011   37,070 36,789
Federal National Mortgage Association, Series      
2003-92, Class NM      
3.50% due 04/25/2013   34 34
Federal National Mortgage Association, Series      
2007-26, Class BA      
5.50% due 05/25/2029   130,000 131,406
Federal National Mortgage Association,      
Series 2003-108, Class BE      
4.00% due 11/25/2018   333,000 315,617
Federal National Mortgage Association,      
Series 2003-113, Class PN      
3.50% due 02/25/2013   58,278 58,120
Federal National Mortgage Association,      
Series 2003-15, Class CH      
4.00% due 02/25/2017   138,630 138,698
Federal National Mortgage Association,      
Series 2003-16, Class PN      
4.50% due 10/25/2015   170,076 171,135
Federal National Mortgage Association,      
Series 2003-3, Class HJ      
5.00% due 02/25/2018   324,000 323,129
Federal National Mortgage Association,      
Series 2003-30, Class ET      
3.50% due 08/25/2016   335,018 332,201
Federal National Mortgage Association,      
Series 2004-34, Class PL      
3.50% due 05/25/2014   71,758 71,497
Federal National Mortgage Association,      
Series 2004-60, Class PA      
5.50% due 04/25/2034   258,287 263,944

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Federal National Mortgage Association,      
Series 2005-58, Class MA      
5.50% due 07/25/2035 $ 224,807  $ 229,100
Federal National Mortgage Association,      
Series 2007-113, Class DB      
4.50% due 12/25/2022   340,000 313,439
Federal National Mortgage Association,      
Series 2007-30, Class MA      
4.25% due 02/25/2037   619,432 606,134
First Boston Mortgage Securities Corp.      
6.53% due 06/15/2034   451,000 420,973
First Horizon Alternative Mortgage Securities,    
Series 2006-FA6, Class 2A10      
6.00% due 11/25/2036   282,461 254,620
First Horizon Alternative Mortgage Securities,    
Series 2006-RE1, Class A1      
5.50% due 05/25/2035   496,831 256,644
First Union National Bank Commercial Mortgage,    
Series 2000-C2, Class A2      
7.202% due 10/15/2032   254,202 243,990
First Union National Bank Commercial Mortgage,    
Series 1999-C4, Class A2      
7.39% due 12/15/2031   20,358 19,934
First Union National Bank Commercial Mortgage,    
Series 2001-C4, Class B      
6.417% due 12/12/2033   188,000 170,518
GE Capital Commercial Mortgage Corp, Series    
2002-1A, Class A3      
6.269% due 12/10/2035   252,000 222,469
GE Capital Commercial Mortgage Corp.,      
Series 2001-2, Class A3      
6.03% due 08/11/2033   116,980 112,846
General Motors Acceptance Corp. Commercial    
Mortgage Securities, Inc.,      
Series 2004-C1, Class A1      
3.118% due 03/10/2038   28,730 28,531
GMAC Commercial Mortgage Securities, Inc.,    
Series 2000-C1, Class A2      
7.724% due 03/15/2033 (b)   438,570 429,965
GMAC Commercial Mortgage Securities, Inc.,    
Series 2000-C3, Class A2      
6.957% due 09/15/2035   775,367 738,078
GMAC Commercial Mortgage Securities, Inc.,    
Series 2002-C3, Class A2      
4.93% due 07/10/2039   397,000 333,465
GMAC Commercial Mortgage Securities, Inc.,    
Series 2003-C2, Class A2      
5.4832% due 05/10/2040 (b)   193,000 159,107
Government National Mortgage Association,    
Series 2006-3, Class A      
4.212% due 01/16/2028   101,795 100,166
Government National Mortgage Association,    
Series 2006-37, Class JG      
5.00% due 07/20/2036   254,000 243,954
GS Mortgage Securities Corp II, Series      
2001-GL3A, Class A2      
6.449% due 08/05/2018 (b)   826,000 728,467
GSR Mortgage Loan Trust, Series 2006-8F, Class    
3A5      
6.25% due 09/25/2036   1,297,246 1,281,248

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2001-CIB3, Class A3      
6.465% due 11/15/2035 $ 876,000 $ 801,836
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2006-CB15, Class ASB      
5.79% due 06/12/2043 (b)   276,000 210,886
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2002-CIB5, Class A2      
5.161% due 10/12/2037   149,000 126,174
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2003-CB7, Class A4      
4.879% due 01/12/2038 (b)   290,000 223,009
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2004-C3, Class A1      
3.765% due 01/15/2042   296,787 289,239
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2005-LDP3, Class A1      
4.655% due 08/15/2042   62,881 59,686
JPMorgan Commercial Mortgage Finance Corp.,    
Series 2000-C10, Class A2      
7.371% due 08/15/2032 (b)   272,450 266,141
LB-UBS Commercial Mortgage Trust, Series    
2000-C5, Class A2      
6.51% due 12/15/2026   472,321 447,384
LB-UBS Commercial Mortgage Trust,      
Series 2000-C4, Class A2      
7.37% due 08/15/2026   115,823 112,535
LB-UBS Commercial Mortgage Trust,      
Series 2001-C2, Class A2      
6.653% due 11/15/2027   242,000 227,044
LB-UBS Commercial Mortgage Trust,      
Series 2002-C2, Class A4      
5.594% due 06/15/2031   651,000 569,184
LB-UBS Commercial Mortgage Trust,      
Series 2003-C3, Class A4      
4.166% due 05/15/2032   88,000 69,244
LB-UBS Commercial Mortgage Trust,      
Series 2003-C5, Class A2      
3.478% due 07/15/2027   3,281 3,241
Merrill Lynch Mortgage Trust,      
Series 2004-KEY2, Class A4      
4.864% due 08/12/2039 (b)   408,000 310,109
Morgan Stanley Capital I, Series 2003-IQ5, Class A4    
5.01% due 04/15/2038   503,000 421,807
Morgan Stanley Capital I,      
Series 2004-HQ3, Class A4      
4.80% due 01/13/2041   334,000 262,241
Morgan Stanley Capital I,      
Series 2005-HQ5, Class AAB      
5.037% due 01/14/2042   444,000 368,830
Morgan Stanley Capital I,      
Series 2005-HQ7, Class AAB      
5.1849% due 11/14/2042 (b)   394,000 319,951
Morgan Stanley Dean Witter Capital I,      
Series 2001, Class A4      
6.39% due 06/15/2011   514,875 476,040
Morgan Stanley Dean Witter Capital I,      
Series 2001-TOP1, Class A4      
6.66% due 02/15/2033   475,097 449,613

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Morgan Stanley Dean Witter Capital I,      
Series 2001-TOP5, Class A4      
6.39% due 10/15/2035 $ 1,006,000 $ 918,998
Morgan Stanley Dean Witter Capital I,      
Series 2002-IQ2, Class A3      
5.52% due 12/15/2035   56,801 56,235
Morgan Stanley Mortgage Loan Trust,      
Series 2007-6XS, Class 2A1S      
1.505% due 02/25/2047 (b)   135,388 128,311
Nomura Asset Securities Corp.      
6.69% due 03/15/2030   354,000 330,511
Salomon Brothers Mortgage Securities VII, Series    
2002-KEY2, Class A2      
4.467% due 03/18/2036   312,176 276,062
Salomon Brothers Mortgage Securities VII,      
Series 2000-C3, Class A2      
6.592% due 12/18/2033   242,421 230,477
Wachovia Bank Commercial Mortgage Trust,    
Series 2006-C26, Class A3      
6.011% due 06/15/2045 (b)   494,000 316,886
Wachovia Bank Commercial Mortgage Trust,    
Series 2002-C1, Class A4      
6.287% due 04/15/2034   347,000 306,769
Wachovia Bank Commercial Mortgage Trust,    
Series 2002-C2, Class A4      
4.98% due 11/15/2034   1,181,000 972,976
Wachovia Bank Commercial Mortgage Trust,    
Series 2003-C5, Class A2      
3.989% due 06/15/2035   136,000 107,202
Wachovia Bank Commercial Mortgage Trust,    
Series 2003-C6, Class A3      
4.957% due 08/15/2035   1,360,000 1,217,787
Wachovia Bank Commercial Mortgage Trust,    
Series 2003-C8, Class A3      
4.445% due 11/15/2035   197,000 179,648
Wachovia Bank Commercial Mortgage Trust,    
Series 2004-C10, Class A4      
4.748% due 02/15/2041   755,000 572,766
Wachovia Bank Commercial Mortgage Trust,    
Series 2004-C11, Class A4      
5.03% due 01/15/2041   379,000 312,945
Wachovia Bank Commercial Mortgage Trust,    
Series 2005-C18, Class A4      
4.935% due 04/15/2042   105,000 75,471
Wachovia Bank Commercial Mortgage Trust,    
Series 2006-C26, Class APB      
5.997% due 06/15/2045   276,000 207,080
WaMu Mortgage Pass Through Certificates, Series    
2006-AR12, Class 1A1      
6.0624% due 10/25/2036 (b)     260,602     215,972
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $46,790,626)        $ 43,324,676
 
ASSET BACKED SECURITIES - 11.28%    
Americredit Prime Automobile Receivable,      
Series 2007-1, Class A3      
5.12% due 11/08/2011 (b)   537,000 529,411
Capital One Multi-Asset Execution Trust, Series    
2005-A10, Class A      
1.5025% due 09/15/2015 (b)   417,000 298,930

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Capital One Multi-Asset Execution Trust, Series    
2005-A6, Class A6      
4.8688% due 07/15/2015 (b) $ 377,000 $ 295,873
Capital One Multi-Asset Execution Trust, Series    
2006-A11, Class A11      
1.5125% due 06/17/2019 (b)   1,709,000 1,048,380
Capital One Multi-Asset Execution Trust, Series    
2006-A5, Class A5      
1.4825% due 01/15/2016 (b)   433,000 326,338
Capital One Multi-Asset Execution Trust, Series    
2006-A7, Class A7      
1.4525% due 03/17/2014 (b)   135,000 115,021
Capital One Multi-Asset Execution Trust, Series    
2007-A4, Class A4      
1.4525% due 03/16/2015 (b)   754,000 572,943
Capital One Multi-Asset Execution Trust,      
Series 2007-A7, Class A7      
5.75% due 07/15/2020   865,000 646,166
Citicorp Residential Mortgage Securities, Inc.,    
Series 2006-1, Class A1      
5.956% due 07/25/2036 (b)   23,142 23,166
Citicorp Residential Mortgage Securities, Inc.,    
Series 2006-1, Class A2      
5.682% due 07/25/2036   282,000 283,383
Citicorp Residential Mortgage Securities, Inc.,    
Series 2006-2, Class A2      
5.557% due 09/25/2036   308,000 305,469
Citigroup Mortgage Loan Trust, Inc.,      
Series 2007-AHL1, Class A2A      
1.435% due 12/25/2036 (b)   182,443 158,973
Countrywide Asset-Backed Certificates,      
Series 2006-S1, Class A2      
5.549% due 08/25/2021   365,187 312,646
Daimler Chrysler Master Owner Trust, Series    
2006-A, Class A      
1.4525% due 11/15/2011 (b)   257,000 237,818
Discover Card Master Trust I, Series 2005-4, Class    
A2      
1.5125% due 06/16/2015 (b)   3,000 2,168
Discover Card Master Trust I, Series 2006-2, Class    
A3      
1.5025% due 01/19/2016 (b)   964,000 712,018
Discover Card Master Trust, Series 2007-A2, Class    
A2      
3.1588% due 06/15/2015 (b)   650,000 505,825
Discover Card Master Trust, Series 2008-A3, Class    
A3      
5.10% due 10/15/2013   1,177,000 1,087,717
Discover Card Master Trust, Series 2008-A4, Class    
A4      
5.65% due 12/15/2015   2,134,000 1,845,314
Discover Card Master Trust,      
Series 2007-A1, Class A1      
5.65% due 03/16/2020   882,000 664,072
Dominos Pizza Master Issuer LLC,      
Series 2007-1, Class A2      
5.261% due 04/25/2037 (h)   480,000 335,622
Ford Credit Auto Owner Trust, Series 2006-C,    
Class A4A      
5.15% due 02/15/2012   481,000 452,801

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Ford Credit Floorplan Master Owner Trust, Series    
2006-4, Class A      
1.6725% due 06/15/2013 (b) $ 783,000 $ 632,915
Great America Leasing Receivables,      
Series 2006-1, Class A3      
5.34% due 01/15/2010 (h)   197,577 197,202
Harley-Davidson Motorcycle Trust, Series 2007-2,    
Class A4      
5.12% due 08/15/2013   284,000 269,924
Harley-Davidson Motorcycle Trust,      
Series 2008-1, Class A3A      
4.25% due 02/15/2013   361,000 344,449
Honda Auto Receivables Owner Trust, Series    
2008-1, Class A4      
4.88% due 09/18/2014   542,000 484,132
Huntington Auto Trust, Series 2008-1A, Class A3A    
4.81% due 04/16/2012   1,129,000 1,027,680
Hyundai Auto Receivables Trust, Series 2008-A,    
Class A4      
5.48% due 11/17/2014   237,000 200,675
Morgan Stanley ABS Capital I,      
Series 2007-HE2, Class A2A      
1.435% due 01/25/2037 (b)   107,216 99,022
Morgan Stanley Home Equity Loans,      
Series 2007-1, Class A1      
1.445% due 12/25/2036 (b)   101,049 92,305
Nissan Auto Receivables Owner Trust,      
Series 2007-B, Class A4      
5.16% due 03/17/2014   248,000 231,673
SLM Student Loan Trust, Series 2005-6, Class A5B    
4.735% due 07/27/2026 (b)   1,222,000 1,148,680
SLM Student Loan Trust, Series 2006-5, Class A4    
3.615% due 04/25/2023 (b)   717,000 628,239
SLM Student Loan Trust, Series 2008-4, Class A4    
5.185% due 01/24/2017 (b)   236,000 190,091
SLM Student Loan Trust, Series 2008-6, Class A4    
4.635% due 07/25/2023 (b)   1,285,000 1,166,740
SLM Student Loan Trust, Series 2008-8, Class A4    
5.035% due 04/25/2023 (b)   377,000 353,143
Swift Master Auto Receivables Trust, Series      
2007-1, Class A      
1.5225% due 06/15/2012 (b)   315,000 267,401
Triad Auto Receivables Owner Trust,      
Series 2006-B, Class A3      
5.41% due 08/12/2011   557,756 537,860
Triad Auto Receivables Owner Trust,      
Series 2006-C, Class A3      
5.26% due 11/14/2011   294,559 283,354
Volkswagen Auto Loan Enhanced Trust, Series    
2008-1, Class A3      
4.50% due 07/20/2012   412,000 385,941
Washington Mutual Master Note Trust, Series    
2007-A2, Class A2      
1.4525% due 05/15/2014 (b)   167,000 136,383
Washington Mutual Master Note      
Trust, Series 2006-A2A, Class A      
1.4725% due 06/15/2015 (b)(h)    462,000    355,877
TOTAL ASSET BACKED SECURITIES      
(Cost $22,508,568)     $ 19,793,740

Core Bond Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 2.15%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$3,776,016 on 12/01/2008,      
collateralized by $3,895,000      
Federal National Mortgage      
Association, 5.5% due 07/14/2028      
(valued at $3,856,050, including      
interest) $ 3,776,000 $ 3,776,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $3,776,000)       $ 3,776,000
 
SHORT TERM INVESTMENTS - 3.01%      
Deutsche Bank Financial LLC      
0.50% due 12/01/2008 $ 2,640,000 $ 2,640,000
UBS Finance Delaware LLC      
0.50% due 12/01/2008    2,640,000    2,640,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $5,280,000)      $  5,280,000
Total Investments (Core Bond Fund)      
(Cost $226,589,738) - 123.90%     $ 217,432,363
Liabilities in Excess of Other Assets - (23.90)%   (41,938,780)
TOTAL NET ASSETS - 100.00%     $ 175,493,583
 
Schedule of Securities Sold Short    
    Shares or  
    Principal  
    Amount Value
 
FEDERAL NATIONAL MORTGAGE      
ASSOCIATION - 100.00%      
Federal National Mortgage Association      
5.50%, TBA ** $ 2,856,000 $ 2,901,731
TOTAL FEDERAL NATIONAL MORTGAGE      
ASSOCIATION (Proceeds $2,857,484)      $ 2,901,731
Total Securities Sold Short (Core Bond Fund)      
(Proceeds $2,857,484)     $ 2,901,731
 
 
 
Core Equity Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 6.81%      
Banking - 0.06%      
Bank of America Corp.   1,872 $ 30,420
Biotechnology - 0.28%      
Amgen, Inc. *   2,625 145,792
Computers & Business Equipment - 0.77%      
Cisco Systems, Inc. *   7,600 125,704
EMC Corp. *   2,250 23,783
Hewlett-Packard Company   3,450 121,716
International Business Machines Corp.   1,625 132,600
      403,803

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Equity Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Cosmetics & Toiletries - 0.06%    
Avon Products, Inc. 1,350 $ 28,485
Electrical Utilities - 0.52%    
AES Corp. * 35,450 272,610
Financial Services - 1.10%    
American Express Company 1,150 26,806
Capital One Financial Corp. 975 33,550
Citigroup, Inc. 13,920 115,397
Goldman Sachs Group, Inc. 250 19,747
JPMorgan Chase & Company 2,300 72,818
Merrill Lynch & Company, Inc. 8,300 109,726
NYSE Euronext 3,250 77,383
State Street Corp. 2,750 115,803
    571,230
Healthcare Services - 0.44%    
UnitedHealth Group, Inc. 11,000 231,110
Insurance - 0.40%    
Aetna, Inc. 9,650 210,563
Internet Content - 0.46%    
Google, Inc., Class A * 375 109,860
Yahoo!, Inc. * 11,100 127,761
    237,621
Internet Retail - 0.77%    
Amazon.com, Inc. * 5,850 249,795
eBay, Inc. * 11,550 151,651
    401,446
Leisure Time - 0.15%    
Electronic Arts, Inc. * 4,100 78,146
Manufacturing - 0.32%    
3M Company 350 23,426
General Electric Company 8,350 143,369
    166,795
Multimedia - 0.26%    
Time Warner, Inc. 14,950 135,298
Pharmaceuticals - 0.03%    
Merck & Company, Inc. 600 16,032
Photography - 0.24%    
Eastman Kodak Company 16,844 127,509
Retail Trade - 0.35%    
J.C. Penney Company, Inc. 3,400 64,566
Sears Holdings Corp. * (a) 3,212 116,435
    181,001
Semiconductors - 0.19%    
Texas Instruments, Inc. 6,400 99,648
Software - 0.30%    
CA, Inc. 7,950 133,878
Microsoft Corp. 1,050 21,231
    155,109
Steel - 0.07%    
Nucor Corp. 1,050 37,464

Core Equity Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telephone - 0.04%      
AT&T, Inc.    800 $ 22,848
TOTAL COMMON STOCKS (Cost $4,826,322)   $ 3,552,930
 
SHORT TERM INVESTMENTS - 1.96%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 1,021,972 $ 1,021,972
TOTAL SHORT TERM INVESTMENTS      
(Cost $1,021,972)       $ 1,021,972
 
REPURCHASE AGREEMENTS - 9.41%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$4,915,020 on 12/01/2008,      
collateralized by $4,825,000      
Federal Home Loan Bank, 3.625%      
due 08/15/2011 (valued at      
$5,018,000, including interest) $ 4,915,000 $ 4,915,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $4,915,000)     $ 4,915,000
Total Investments (Core Equity Fund)      
(Cost $10,763,294) - 18.18%     $ 9,489,902
Other Assets in Excess of Liabilities - 81.82%     42,712,351
TOTAL NET ASSETS - 100.00%     $ 52,202,253
 
 
 
Emerging Growth Fund      
    Shares or  
    Principal  
    Amount Value
 
CONVERTIBLE BONDS - 18.95%      
Energy - 18.95%      
InterOil Corp.      
8.00% due 05/09/2013 (h) $ 1,025,000 $ 758,500
TOTAL CONVERTIBLE BONDS (Cost $1,025,000)   $ 758,500
 
REPURCHASE AGREEMENTS - 67.67%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$2,708,011 on 12/01/2008,      
collateralized by $2,735,000      
Federal National Mortgage      
Association, 6.02% due      
10/23/2019 (valued at $2,765,769,      
including interest) $ 2,708,000 $ 2,708,000
TOTAL REPURCHASE AGREEMENTS                                                      
(Cost $2,708,000)      $ 2,708,000
Total Investments (Emerging Growth Fund)      
(Cost $3,733,000) - 86.62%     $ 3,466,500
Other Assets in Excess of Liabilities - 13.38%     535,244
TOTAL NET ASSETS - 100.00%     $ 4,001,744

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 91.55%    
Brazil - 5.95%    
Aracruz Celulose SA, SADR (a) 26,821 $ 222,883
Banco Alfa de Investimento SA * 3,300 9,333
Banco Bradesco SA, ADR (a) 131,750 1,401,820
Banco Bradesco SA 62,500 571,850
Bematech SA * 49,100 111,304
BR Malls Participacoes SA * 26,000 106,090
Brascan Residential Properties SA 85,900 83,825
Braskem SA, SADR (a) 119,002 659,271
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar, ADR * (a) 21,900 722,481
Cia Hering * 23,600 68,274
Cosan SA Industria e Comercio * 23,600 114,130
Empresa Brasileira de Aeronautica SA, ADR (a) 28,000 434,840
Eternit SA 35,600 75,321
Gafisa SA 69,800 264,016
Gerdau SA, SADR 682,778 4,451,713
Gerdau SA 97,300 510,458
Grendene SA 37,000 174,140
Guararapes Confeccoes SA 11,400 84,911
IdeiasNet SA * 29,500 29,424
Iguatemi Empresa de Shopping Centers SA 22,600 88,119
Industrias Romi SA * 36,900 108,344
JBS SA 213,300 465,107
M Dias Branco SA 33,200 275,239
Medial Saude SA 25,400 61,966
Net Servicos de Comunicacao SA, PR ADR * (a) 98,904 572,654
Obrascon Huarte Lain Brasil SA 24,700 132,141
PDG Realty SA Empreendimentos e    
Participacoes 51,300 209,546
Perdigao SA, SADR * 55,763 1,786,089
Porto Seguro SA * 84,500 402,807
Rossi Residencial SA 22,000 32,678
Sadia SA, SADR (a) 152,429 672,212
Sao Carlos Empreendimentos e    
Participacoes SA 29,600 134,072
Sao Martinho SA * 43,900 217,988
Ultrapar Participacoes SA, ADR 48,994 1,079,828
Unibanco - Uniao de Bancos Brasileiros SA * 113,300 721,105
Unibanco - Uniao De Bancos    
Brasileiros SA, ADR * 47,100 3,018,639
Usinas Siderurgicas de Minas Gerais SA 28,900 267,044
Votorantim Celulose e Papel SA, SADR * (a) 102,450 569,622
    20,911,284
Chile - 3.07%    
Cementos Bio Bio SA 2,795 3,597
Cia General de Electricidad 53,123 225,932
Cintac SA 78,352 16,608
Companhia de Consumidores de Gas de    
Santiago SA 6,504 15,756
Companhia Sudamericana de Vapores SA 525,339 361,110
Corpbanca SA, SADR 4,614 85,913
Cristalerias de Chile SA 7,774 54,155
Empresas CMPC SA 53,640 868,993
Empresas Copec SA 337,656 2,557,183
Empresas Iansa SA 439,146 9,302
Enersis SA, SADR 459,633 6,002,807

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Chile (continued)    
Industrias Forestales SA 77,846 $ 10,030
Madeco SA, SADR 41,779 237,305
Masisa SA 2,957,145 230,581
Soquimich Comercial SA 129,645 40,239
Vina San Pedro SA 9,342,203 51,628
    10,771,139
China - 4.50%    
Air China, Ltd., Class H 510,000 131,860
Angang New Steel Company, Ltd., Class H 992,000 801,833
AviChina Industry & Technology Company,    
Ltd. * 1,284,000 105,150
Bank of China, Ltd. 14,925,000 4,744,906
Beijing Capital International Airport Company,    
Ltd., Class H 838,000 457,557
Chaoda Modern Agriculture Holdings, Ltd. * 1,768,900 1,028,623
China Construction Bank 363,000 192,849
China National Building Material Company,    
Ltd. 198,000 144,066
China Rare Earth Holdings, Ltd. - Hong Kong    
Exchange 722,000 61,891
China Shineway Pharmaceutical Group, Ltd. -    
Hong Kong Exchange 142,000 77,207
China Shipping Container Lines Company, Ltd. 2,962,850 359,078
China Shipping Development Company, Ltd.,    
Class H 1,096,000 917,734
Country Garden Holdings Company, Ltd. 2,771,000 515,471
Dongfeng Motor Group Company, Ltd. 2,780,000 638,169
Guangshen Railway Company, Ltd., Class H 110,000 37,438
Guangshen Railway Company, Ltd., SADR 25,600 432,640
Guangzhou R&F Properties Company, Ltd., H    
Shares 945,600 589,815
Hunan Non Ferrous Metal Corp., Ltd. 1,656,000 185,156
Jiangxi Copper Company, Ltd., Class H 1,199,000 689,028
KWG Property Holding, Ltd. 587,987 125,077
Maanshan Iron & Steel Company, Ltd. 1,682,000 447,264
PICC Property & Casualty Company, Ltd.,    
Class H * 2,246,000 784,215
Qingling Motors Company, Ltd. 580,000 53,331
Semiconductor Manufacturing International    
Corp., SADR * 209,323 205,137
Semiconductor Manufacturing    
International Corp. * 6,395,000 124,391
Shanghai Electric Group Company, Ltd. * 2,739,000 987,788
Shanghai Forte Land Company * 775,405 108,895
Shui On Land, Ltd. 162,000 35,520
Sinopec Shanghai Petrochemical Company,    
Ltd., SADR 22,600 512,568
Sinopec Yizheng Chemical Fibre    
Company, Ltd. * 1,404,000 149,485
Sinotrans, Ltd., Class H 1,330,000 181,683
    15,825,825
Czech Republic - 1.06%    
Telefonica Czech Republic AS 139,510 3,081,193
Unipetrol AS 111,126 640,080
    3,721,273

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hong Kong - 7.79%    
Agile Property Holdings, Ltd. 1,302,000 $ 505,736
Amvig Holdings, Ltd. 432,000 185,950
Baoye Group Company, Ltd. 110,000 15,679
Beijing Capital Land, Ltd. 852,000 96,060
Beijing Enterprises Holdings, Ltd. 442,000 1,567,506
Beijing North Star Co., Ltd. 604,000 73,435
Bosideng International Holdings, Ltd. 2,086,000 170,013
Brilliance China Automotive Holdings, Ltd. * 2,276,000 112,311
Catic Shenzhen Holdings, Ltd. * 140,000 32,109
China Aerospace International Holdings, Ltd. * 1,815,400 89,012
China Agri-Industries Holdings, Ltd. * 1,010,000 368,140
China Aoyuan Property Group Ltd 791,000 67,744
China CITIC Bank 2,840,000 956,598
China Everbright, Ltd. 699,000 714,860
China Grand Forestry Resources Group, Ltd. * 3,672,000 145,483
China Haidian Holdings, Ltd. * 726,000 29,040
China Merchants Holdings International    
Company, Ltd. 942,000 1,804,515
China Molybdenum Company, Ltd. (h) 1,008,000 371,535
China Nickel Resources Holding Co., Ltd. 130,000 9,114
China Pharmaceutical Group, Ltd. 794,000 212,180
China Properties Group, Ltd. * 461,000 56,565
China Resources Enterprises, Ltd. 1,034,000 1,606,579
China State Construction International    
Holdings, Ltd. 1,140,000 139,747
China Travel International Investment    
Hong Kong, Ltd. 2,864,000 361,386
China Unicom, Ltd., ADR 355,300 4,387,955
China Unicom, Ltd. 234,000 289,126
Chongqing Iron & Steel Company, Ltd. 306,000 64,090
Citic Pacific, Ltd. 1,011,923 691,756
CITIC Resources Holdings, Ltd. * 2,188,000 165,858
CNPC Hong Kong, Ltd. 2,440,000 770,203
COFCO International, Ltd. 866,000 257,419
Comba Telecom Systems Holdings, Ltd. 254,000 28,377
Cosco International Holdings, Ltd. 650,000 100,833
Cosco Pacific, Ltd. 1,090,000 808,006
Dalian Port PDA Company, Ltd. 822,000 164,613
Denway Motors, Ltd. 4,758,000 1,237,592
Digital China Holdings, Ltd. 103,000 27,310
Dynasty Fine Wines Group, Ltd. 654,000 84,972
First Tractor Company, Ltd. 236,000 41,425
Fosun International 1,363,000 320,550
Fu Ji Food & Catering Services Holdings, Ltd. 233,000 75,744
Geely Automobile Holdings Company, Ltd. 2,210,000 139,260
Global Bio-Chem Technology    
Group Company, Ltd. 1,406,000 127,617
Great Wall Motor Company, Ltd. 331,000 95,951
Great Wall Technology Company, Ltd. * 142,000 8,995
Greentown China Holdings, Ltd. 415,500 135,278
Guangzhou Investment Company, Ltd. 3,420,000 211,235
Guangzhou Pharmaceutical Company, Ltd. 314,000 78,775
Hainan Meilan International Airport Company,    
Ltd. 104,000 35,424
Harbin Power Equipment Company, Ltd. 678,000 417,144
Hidili Industry International Development, Ltd. 814,000 149,835
HKC Holdings, Ltd. 3,572,000 182,927

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Hopson Development Holdings, Ltd., GDR 596,000 $ 249,282
Innomaxx Biotechnology Group, Ltd. * 4,378,000 113,206
Intime Department Store Group Co., Ltd. 262,000 68,086
Jingwei Textile Machinery Company, Ltd. 62,000 5,475
Ju Teng International Holdings, Ltd. * 54,000 10,520
Kingway Brewery Holdings, Ltd. * 522,000 48,271
Lingbao Gold Company, Ltd. 134,000 21,329
Lonking Holdings, Ltd. 160,000 66,782
Minmetals Resources, Ltd. 900,000 98,041
Minth Group, Ltd. 334,000 129,840
Nan Hai Corp., Ltd. * 12,700,000 59,189
Neo-China Group Holdings, Ltd. 341,500 109,058
Nine Dragons Paper Holdings, Ltd. 1,261,000 235,124
Poly Hong Kong Investment, Ltd. 200,000 36,026
Qin Jia Yuan Media Services Company, Ltd. 46,000 8,725
Qunxing Paper Holdings Co., Ltd. 259,000 40,152
Shanghai Industrial Holdings, Ltd. 520,000 990,238
Shanghai Prime Machinery Company, Ltd. 762,000 69,062
Shanghai Real Estate, Ltd. 1,814,000 96,299
Shenzhen International Holdings, Ltd. 6,267,500 193,595
Shenzhen Investment, Ltd. 1,778,000 211,998
Shenzhou International Group Holdings, Ltd. 274,000 42,723
Shimao Property Holdings, Ltd., GDR 1,450,000 874,927
Shougang Concord International Enterprises    
Company, Ltd. 2,466,000 231,352
Sichuan Xinhua Winshare Chainstore Co., Ltd. 417,000 81,323
Sino Biopharmaceutical, Ltd. 268,000 35,438
Sino Union Petroleum & Chemical    
International, Ltd. * 1,460,000 96,606
SinoCom Software Group, Ltd. 17,000 1,209
Sinofert Holdings, Ltd. 172,000 76,947
Sinolink Worldwide Holdings, Ltd. 1,362,000 76,648
Sino-Ocean Land Holdings, Ltd. 2,653,000 914,886
Sinopec Kantons Holdings, Ltd. 620,000 65,013
Skyworth Digital Holdings, Ltd. 1,230,000 64,735
Stone Group Holdings, Ltd. * 750,000 28,251
TCL Communication Technology    
Holdings, Ltd. * 2,756,000 20,309
TCL Multimedia Technology Holdings, Ltd. * 3,146,000 43,673
Tian An China Investment, Ltd. 102,000 21,799
Tianjin Capital Environmental Protection 104,000 14,723
Tianjin Port Development Holdings, Ltd. 558,000 105,739
TPV Technology, Ltd. 1,422,000 258,852
Travelsky Technology, Ltd., Class H 574,000 185,301
Vinda International Holdings, Ltd. 104,000 22,891
Wasion Group Holdings, Ltd. 106,000 18,167
Weiqiao Textile Company, Ltd. 430,500 99,099
Wuyi International Pharmaceutical Co., Ltd. 525,000 44,473
Xiamen International Port Company, Ltd. 784,000 68,209
Xingda International Holdings, Ltd. 200,000 20,305
Xinjiang Xinxin Mining Industry Co., Ltd. 633,000 124,533
Xiwang Sugar Holdings Company, Ltd. 440,000 53,556
Zhejiang Glass Company, Ltd. * 172,000 20,585
    27,362,137
Hungary - 2.46%    
Danubius Hotel and Spa PLC * 633 15,298

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hungary (continued)    
Egis Gyogyszergyar Nyrt. 4,403 $ 247,982
Fotex PLC * 65,740 126,672
Gedeon Richter Rt. 12,527 1,678,241
MOL Magyar Olaj & Gazipari Rt. 72,209 3,786,867
OTP Bank Rt. * (a) 181,196 2,675,458
Pannonplast PLC * 16,510 60,332
Raba Jarmuipari Holding Nyilvanosan    
Mukodo Rt. * 11,794 39,036
Synergon Information Systems, Ltd. * 2,700 9,046
    8,638,932
India - 9.01%    
ABG Shipyard, Ltd. 4,049 8,030
ACC, Ltd. 39,341 321,464
Aditya Birla Nuvo, Ltd. 29,513 286,274
Ador Welding, Ltd. 8,367 14,084
Aftek, Ltd. 28,741 6,701
Alembic, Ltd. 38,000 22,522
Allahabad Bank 100,705 93,826
Alok Industries, Ltd. 72,774 21,270
Ambuja Cements, Ltd. 604,511 622,644
Amtek Auto, Ltd. 50,948 55,505
Andhra Bank 84,843 95,243
Ansal Properties & Infrastructure, Ltd. 9,294 4,865
Apollo Hospitals Enterprise, Ltd. 37,049 278,849
Apollo Tyres, Ltd. 154,850 65,789
Arvind Mills, Ltd. * 104,142 27,982
Ashapura Minechem, Ltd. 5,400 2,421
Ashok Leyland, Ltd. 432,251 121,176
Aurobindo Pharma, Ltd. 27,566 61,758
Avaya Global Connect, Ltd. 5,668 7,845
Axis Bank, Ltd. 134,570 1,111,775
Bajaj Auto Finance, Ltd. 11,946 17,831
Bajaj Auto, Ltd. 24,762 121,211
Bajaj Finserv, Ltd. 24,676 47,783
Bajaj Hindusthan, Ltd. 51,874 43,113
Balaji Telefilms, Ltd. 11,528 13,803
Ballarpur Industries, Ltd. 218,226 84,067
Balmer Lawrie & Company, Ltd. 1,500 6,221
Balrampur Chini Mills, Ltd. * 151,222 98,835
Bank of Maharashtra 130,888 58,146
Bank of Rajasthan 47,965 31,396
Bata India, Ltd. 25,249 42,485
Bharat Earth Movers, Ltd. 13,744 80,595
Bharat Forge, Ltd. 68,135 118,191
Bhushan Steel, Ltd. 16,585 132,006
Biocon, Ltd. 46,564 86,027
Birla Corp., Ltd. 22,168 45,937
Bombay Dyeing & Manufacturing Company,    
Ltd. 6,668 19,604
Cadila Healthcare, Ltd. 6,700 30,571
Cairn India, Ltd. * 239,016 683,685
Century Textile & Industries, Ltd. 6,045 16,465
Chambal Fertilizers & Chemicals, Ltd. 122,930 86,128
Chi Investments, Ltd. * 6,513 1,323
Cholamandalam DBS Finance, Ltd. 7,563 4,500
City Union Bank, Ltd. 58,500 15,560

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
India (continued)    
CMC, Ltd. 1,800  $ 12,548
Coromandel Fertilisers, Ltd. 12,000 22,219
Cranes Software International, Ltd. 3,000 5,006
Dalmia Cement Bharat, Ltd. 6,800 10,263
DCM Shriram Consolidated, Ltd. 26,804 15,235
Deepak Fertilizers & Petrochemicals Corp.,    
Ltd. 34,858 34,936
Dr. Reddy's Laboratories, Ltd., ADR 133,510 1,184,234
Eicher Motors, Ltd. 8,302 36,661
EID Parry India, Ltd. 19,449 52,241
EIH, Ltd. 108,400 210,088
Elder Pharmaceuticals, Ltd. 3,200 15,016
Electrosteel Castings, Ltd. 47,000 13,198
Escorts, Ltd. * 36,222 23,011
Essel Propack, Ltd. 6,500 1,455
Eveready Industries, Ltd. * 21,000 6,054
FDC, Ltd. 31,000 16,680
Federal Bank, Ltd. 107,652 293,446
Financial Technologies (India), Ltd. 3,429 40,429
Finolex Cables, Ltd. 27,100 10,986
Finolex Industries, Ltd. 62,340 36,191
Fortis Healthcare, Ltd. * 30,661 37,619
Gammon India, Ltd. 28,239 32,446
Geodesic, Ltd. 20,000 26,084
Gitanjali Gems, Ltd. 31,915 40,578
Graphite India, Ltd. 75,397 51,366
Grasim Industries, Ltd. 30,934 548,864
Great Eastern Shipping Company, Ltd. 51,772 180,484
Great Offshore, Ltd. 17,289 86,832
GTL, Ltd. 48,244 193,063
Gujarat Alkalies & Chemicals, Ltd. 35,989 45,827
Gujarat Ambuja Exports, Ltd. 15,000 5,694
Gujarat Flourochemicals, Ltd. 13,363 16,804
Gujarat Narmada Valley Fertilizers Company,    
Ltd. 51,735 53,474
Gujarat State Fertilisers & Chemicals, Ltd. 17,219 24,882
HCL Infosystems, Ltd. 63,711 86,505
HEG, Ltd. 13,300 30,391
Hexaware Technologies, Ltd. 38,931 15,655
Himatsingka Seide, Ltd. * 4,000 1,978
Hinduja TMT, Ltd. 5,652 13,799
Hindustan Construction Company, Ltd. 60,588 42,041
Hindustan Motors, Ltd. * 62,438 13,102
Hotel Leela Venture, Ltd. 112,844 39,827
ICI India, Ltd. 4,700 39,976
ICICI Bank, Ltd., SADR 287,841 4,098,856
I-Flex Solutions, Ltd. * 23,651 218,725
India Cements, Ltd. 127,371 220,877
India Glycols, Ltd. 14,305 15,191
Indian Hotels Company, Ltd. 353,108 287,714
Indian Overseas Bank 99,569 125,655
IndusInd Bank, Ltd. 141,614 91,467
Industrial Development Bank of India, Ltd. 234,735 276,357
Infomedia India, Ltd. 7,700 10,250
Infotech Enterprises, Ltd. 2,000 3,979
Infrastructure Development Finance    
Company, Ltd. 382,059 400,090

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
India (continued)    
Ingersoll-Rand India Ltd 6,375 $ 29,607
Ipca Laboratories, Ltd. 4,298 28,587
IVRCL Infrastructures & Projects, Ltd. 57,439 156,582
Jammu & Kashmir Bank, Ltd. 19,931 120,270
JB Chemicals & Pharmaceuticals, Ltd. 21,800 14,511
JBF Industries, Ltd. * 33,159 21,117
Jet Airways India, Ltd. * 16,718 42,949
Jindal Saw, Ltd. 19,725 103,711
Jindal Stainless, Ltd. 44,557 26,879
JK Tyre & Industries, Ltd. 14,533 13,273
JSW Steel, Ltd. 54,814 211,230
Jyoti Structures, Ltd. 10,126 11,917
Kalpataru Power Transmission Ltd 5,788 35,764
Karnataka Bank, Ltd. 64,297 97,064
Karur Vysya Bank, Ltd. 21,841 91,661
Kesoram Industries, Ltd. 9,260 27,883
Kirloskar Oil Engines, Ltd. 57,456 48,174
Lakshmi Machine Works, Ltd. 1,969 22,037
LIC Housing Finance, Ltd. 41,467 136,973
Madras Cements, Ltd. * 60,996 69,874
Maharashtra Seamless, Ltd. 22,979 60,100
Mahindra & Mahindra, Ltd. 195,127 1,101,761
Mahindra Lifespace Developers, Ltd. 9,110 27,935
Mangalam Cement, Ltd. 14,461 13,439
Maruti Udyog, Ltd. 65,711 709,686
Mastek, Ltd. 11,271 36,765
Matrix Laboratories, Ltd. * 58,149 60,829
MAX India, Ltd. * 61,355 120,785
Mercator Lines, Ltd. 105,166 56,550
Monnet Ispat & Energy, Ltd. 17,433 41,260
Moser Baer India, Ltd. 70,858 78,890
MRF, Ltd. 680 23,046
Mukand, Ltd. 28,732 13,613
Nagarjuna Construction Company, Ltd. 69,234 83,446
Nagarjuna Fertilizers & Chemicals, Ltd. * 229,114 62,943
Nahar Spinning Mills, Ltd. 6,600 2,769
National Organic Chemical Industries, Ltd. 80,241 18,464
Navneet Publications India, Ltd. 46,585 36,597
NIIT Technologies, Ltd. 18,577 20,310
NIIT, Ltd. 35,844 17,399
Nirma, Ltd. 20,100 36,303
OCL India, Ltd. 1,500 1,186
Orchid Chemicals & Pharmaceuticals, Ltd. 28,645 50,129
Orient Paper & Industries, Ltd. 51,770 18,831
Oriental Bank of Commerce 36,727 108,187
Panacea Biotec, Ltd. 26,548 68,192
Patel Engineering Ltd 6,029 14,334
Patni Computer Systems, Ltd. 38,484 105,556
Petronet LNG, Ltd. 324,528 205,521
Pfizer, Ltd. 4,850 46,600
Polaris Software Lab, Ltd. 39,735 29,846
Prism Cement, Ltd. 45,201 13,489
PSL, Ltd. 6,900 11,769
PTC India, Ltd. 132,096 153,542
Punj Lloyd, Ltd. 34,469 96,986
Punjab Tractors, Ltd. 18,068 32,989

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
India (continued)    
Raymond, Ltd. 13,679 $ 22,746
Rei Agro, Ltd. 2,077 22,525
Rei Six Ten Retail, Ltd. * 1,558 35,749
Reliance Communications, Ltd. 520,187 2,080,836
Reliance Industries, Ltd., GDR (h) 121,038 5,567,748
Reliance Industries, Ltd. 6,070 138,971
Rolta India, Ltd. 58,756 204,311
Ruchi Soya Industries, Ltd. 99,626 45,655
Sakthi Sugars, Ltd. 25,066 17,451
Seamec, Ltd. * 14,000 9,939
Shriram Transport Finance Company, Ltd. 33,252 151,295
Sicagen India, Ltd. * 4,881 326
Sical Logistics, Ltd. * 4,881 2,461
SKF India, Ltd. 4,700 12,158
Sonata Software, Ltd. 23,000 7,083
South Indian Bank, Ltd. 46,867 50,679
SREI Infrastructure Finance, Ltd. 45,066 35,917
SRF, Ltd. 37,385 52,728
Sterlite Optical Technologies, Ltd. 20,008 19,221
Strides Arcolab, Ltd. * 13,608 25,437
Syndicate Bank, Ltd. 189,537 208,064
Tanla Solutions, Ltd. 27,223 35,100
Tata Chemicals, Ltd. 71,422 213,948
Tata Communications, Ltd., ADR 41,383 655,093
Tata Investment Corp., Ltd. 6,928 30,063
Tata Metaliks, Ltd. 7,900 11,322
Tata Motors, Ltd., SADR (a) 64,300 292,565
Tata Motors, Ltd. 157,232 434,215
Tata Steel, Ltd. 107,899 327,297
Tata Tea, Ltd. 25,594 268,669
Teledata Marine Solutions * 23,607 16,143
Teledata Technology Solutions * 23,607 16,143
Torrent Pharmaceuticals, Ltd. 11,441 27,710
Triveni Engineering & Industries, Ltd. * 50,901 39,809
Tube Investments of India, Ltd. 59,975 43,336
TVS Motor Company, Ltd. 63,451 29,420
Unichem Laboratories, Ltd. 6,400 19,014
Union Bank of India, Ltd. 82,405 248,063
United Phosphorus, Ltd. 172,150 283,995
Usha Martin, Ltd. 106,610 41,972
Uttam Galva Steels, Ltd. * 56,948 28,484
Varun Shipping Company, Ltd. 62,246 54,804
Vimta Labs, Ltd. 13,038 5,226
Wockhardt, Ltd. 24,300 45,930
Zee Entertainment Enterprises, Ltd. 139,124 302,359
Zensar Technologies, Ltd. 12,328 21,825
Zuari Industries, Ltd. 3,500 8,807
    31,634,577
Indonesia - 1.69%    
Astra Graphia Tbk PT 606,500 9,953
Astra International Tbk PT 2,452,500 2,099,663
Bakrie & Brothers Tbk PT * 5,064,750 24,850
Bakrieland Development Tbk PT * 11,972,500 75,380
Bank Danamon Indonesia Tbk PT 2,231,000 490,593
Bank Pan Indonesia Tbk PT * 11,315,500 491,545
Berlian Laju Tanker Tbk PT 2,652,000 100,055

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Indonesia (continued)    
Bhakti Investama Tbk PT 3,342,825 $ 50,523
Budi Acid Jaya Tbk PT 2,039,000 22,348
Charoen Pokphand Indonesia Tbk PT * 2,106,000 79,673
Ciputra Surya Tbk PT * 971,000 12,998
Davomas Abadi Tbk PT * 8,435,500 36,022
Enseval Putera Megatrading Tbk PT 1,104,500 25,720
Global Mediacom Tbk PT * 2,520,000 37,957
Gudang Garam Tbk PT 400,500 145,007
Holcim Indonesia Tbk PT * 1,168,500 42,705
Indocement Tunggal Prakarsa Tbk PT 1,178,500 345,789
Indofood Sukses Makmur Tbk PT 5,344,500 434,642
Kalbe Farma Tbk PT 5,720,500 196,630
Kawasan Industri Jababeka Tbk PT * 10,378,000 43,477
Lippo Karawaci Tbk PT 3,900,750 296,726
Matahari Putra Prima Tbk PT 2,845,500 157,144
Medco Energi Internasional Tbk PT * 1,934,500 301,027
Mitra Adiperkasa Tbk PT 866,000 29,187
Panin Insurance Tbk PT * 1,443,000 16,602
Panin Life Tbk PT * 11,175,000 75,086
Polychem Indonesia Tbk PT * 1,930,000 10,320
Ramayana Lestari Sentosa Tbk PT 2,245,500 88,236
Samudera Indonesia Tbk PT 74,500 17,347
Sumalindo Lestari Jaya Tbk PT * 920,000 7,643
Summarecon Agung Tbk PT 3,792,000 63,381
Suryainti Permata Tbk PT * 1,802,000 33,838
Trias Sentosa Tbk PT 1,000,000 15,046
Trimegah Securities Tbk PT 1,540,500 15,073
Tunas Ridean Tbk PT 948,500 57,212
    5,949,398
Israel - 2.74%    
Africa-Israel Investments, Ltd. 8,070 89,591
Alvarion, Ltd. * 33,467 103,888
American Israeli Paper Mills, Inc. * 2,074 77,940
AudioCodes, Ltd. * 26,116 49,087
Azorim Investment Development &    
Construction Company, Ltd. 15,529 38,532
Bank Hapoalim, Ltd. * 1,251,097 2,445,828
Bank Leumi Le-Israel, Ltd. 1,268,880 2,757,324
Baran Group, Ltd. * 3,200 13,002
Clal Industries & Investments, Ltd. 68,901 135,958
Clal Insurance Enterprise Holdings, Ltd. 29,578 180,971
Delta Galil Industries, Ltd. * 8,190 12,293
Direct Insurance Financial Investments, Ltd. 15,338 18,800
Discount Investment Corp. 25,268 205,402
Electra, Ltd. 1,422 109,532
Elron Electronic Industries, Ltd. * 23,021 34,730
First International Bank of Israel, Ltd. * 57,569 58,273
Formula Systems, Ltd., GDR 3,500 20,405
Formula Systems, Ltd. 5,626 32,558
Frutarom Industries, Ltd. 4,526 31,862
Harel Insurance Investments, Ltd. 13,397 387,048
IDB Development Corp., Ltd. 12,172 76,980
Ituran Location & Control, Ltd. 2,562 18,431
Koor Industries, Ltd. * 11,087 158,177
Leader Holding & Investments, Ltd. 21,500 6,579
Makhteshim-Agam Industries, Ltd. 129,950 403,127

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Israel (continued)    
Matav-Cable Systems Media Ltd * 11,717 $ 65,342
Menorah Mivtachim Holdings, Ltd. * 29,464 156,865
Migdal Insurance Holdings, Ltd. 344,934 313,156
Mivtach Shamir Holdings, Ltd. 4,390 78,847
Oil Refineries, Ltd. 496,464 192,398
Orbotech, Ltd. * 45,156 190,107
Packer Plada, Ltd. 575 11,723
Radvision, Ltd. * 12,480 86,742
Retalix, Ltd. * 26,834 165,689
Scailex Corp., Ltd. 11,425 69,885
Union Bank of Israel, Ltd. * 25,609 57,306
United Mizrahi Bank, Ltd. 149,802 740,122
Urdan Industries, Ltd. 59,724 29,529
    9,624,029
Malaysia - 3.96%    
Affin Holdings BHD 788,300 283,703
AirAsia BHD * 911,500 279,904
AMDB BHD * 540,000 15,012
AMMB Holdings BHD 1,377,750 785,657
Ann Joo Resources BHD 108,900 38,583
Asas Dunia BHD * 94,000 15,046
Asia Pacific Land BHD * 282,100 21,061
Bandar Raya Developments BHD 242,900 71,992
Batu Kawan BHD 153,900 319,216
Berjaya Corp. BHD 1,312,300 212,762
Berjaya Land BHD 162,200 156,310
BIMB Holdings Bhd 25,000 5,808
Boustead Holdings BHD 368,900 327,386
Cahya Mata Sarawak BHD 235,100 75,147
Dijaya Corp. BHD 16,900 4,468
DNP Holdings BHD 132,800 26,723
DRB-Hicom BHD 904,600 191,313
Eastern & Oriental BHD * 66,000 9,561
Eastern Pacific Industrial Corp. BHD 155,700 40,458
ECM Libra Avenue BHD 516,700 53,104
Encorp BHD 114,800 17,837
EON Capital BHD 409,900 335,401
Esso Malaysia BHD 89,000 50,903
Gamuda BHD 100,000 46,849
General Corp. BHD 242,500 42,287
Globetronics Technology BHD 864,900 35,928
Glomac BHD 108,200 14,971
Goldis BHD 179,000 49,400
Hap Seng Consolidated BHD 382,300 195,270
Hong Leong Credit BHD 308,300 323,730
Hong Leong Industries BHD 52,000 48,506
Hume Industries Malaysia BHD 138,900 111,731
Hunza Properties BHD 102,400 37,043
Hwang-DBS Malaysia BHD 69,400 20,526
IGB Corp. BHD 968,400 329,617
IJM Corp. BHD * 549,100 381,591
Insas BHD * 460,100 34,514
Integrated Logistics BHD 167,200 26,883
Jaks Resources BHD * 245,000 26,803
Jaya Tiasa Holdings BHD 56,700 29,347
K & N Kenanga Holdings BHD 154,200 17,961

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Malaysia (continued)    
Karambunai Corp. BHD * 2,558,200 $ 42,626
Keck Seng BHD 178,900 141,307
Kian Joo Can Factory BHD 332,000 97,350
Kim Loong Resources BHD 37,800 15,849
KLCC Property Holdings BHD 571,000 431,937
KPJ Healthcare BHD 93,000 72,056
KSL Holdings BHD 155,066 25,521
KUB Malaysia BHD * 592,900 43,646
Kulim Malaysia BHD 154,100 206,398
Kumpulan Hartanah Selangor BHD * 410,900 36,470
Land & General BHD * 1,048,300 50,876
Landmarks BHD 227,400 54,406
LBS Bina Group BHD * 210,000 13,978
Leader Universal Holdings BHD 717,000 89,244
Lion Corp. BHD * 454,900 26,456
Lion Diversified Holdings Berhad * 286,880 0
Lion Diversified Holdings BHD 358,600 34,309
Lion Industries Corp. BHD 448,000 80,145
MAA Holdings BHD * 139,500 19,914
Malaysian Airline System BHD 162,200 114,761
Malaysian Plantations BHD 545,400 290,036
Malaysian Resources Corp. BHD 163,300 31,646
Matrix International BHD * 258,500 19,585
MBM Resources BHD 5,000 2,981
Measat Global BHD * 7,500 1,991
Mega First Corp. BHD 193,700 38,862
Melewar Industrial Group BHD * 62,200 9,221
MK Land Holdings BHD 656,100 28,254
MMC Corp. BHD 371,700 138,823
MNRB Holdings BHD 18,000 13,914
MTD ACPI Engineering BHD 88,100 10,143
Mulpha International BHD * 909,800 96,818
NCB Holdings BHD 4,000 2,631
New Straits Times Press BHD 183,500 54,014
Nylex Malaysia BHD * 52,000 11,409
Oriental Holdings BHD 304,200 417,004
OSK Holdings BHD 441,300 110,543
OSK Property Holdings Bhd 80,236 6,485
Padiberas Nasional BHD 428,300 139,704
Panasonic Manufacturing Malaysia BHD 8,100 23,033
PJ Development Holdings BHD 297,900 37,840
POS Malaysia & Services Holdings BHD 419,700 225,443
PPB Group BHD 637,800 1,508,140
Protasco BHD 141,500 22,732
Proton Holdings BHD * 338,000 173,751
Ranhill BHD 382,200 64,542
RB Land Holdings BHD * 60,100 13,312
RHB Capital BHD 255,500 266,049
Sarawak Energy BHD 583,800 349,253
Scomi Group BHD 652,300 67,876
Selangor Dredging BHD 328,000 38,314
Shangri-La Hotels BHD 24,100 8,519
Shell Refining Company Federation    
of Malaya BHD 133,200 323,521
SHL Consolidated BHD 185,100 52,616
Sunrise Berhad * 173,000 63,698

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Malaysia (continued)    
Sunway City BHD 268,900 $ 107,146
Sunway Holdings, Inc. BHD * 224,800 44,507
Suria Capital Holdings BHD 286,100 69,371
TA Enterprise BHD 895,600 152,469
Talam Corp. BHD * 360,000 13,353
Tan Chong Motor Holdings BHD 444,000 136,436
TDM BHD 150,700 44,626
Tebrau Teguh BHD * 333,800 38,934
TH Group BHD 225,000 40,672
Time.com BHD * 1,132,700 78,737
Tradewinds Malaysia BHD 82,400 61,903
Tronoh Consolidated M Berhad 218,400 52,665
Unisem M BHD 289,600 58,513
United Malacca BHD 58,900 88,596
V.S. Industry BHD 166,897 53,199
WTK Holdings BHD * 257,500 73,363
YNH Property Berhad 199,536 66,189
YTL Corp. BHD 738,000 1,347,078
    13,898,021
Mexico - 7.85%    
Alfa SA de CV 433,200 792,696
Alsea SAB de CV * 202,800 95,425
Cemex SA de CV, SADR * (a) 663,094 4,608,503
Coca-Cola Femsa SAB de CV, SADR 28,121 978,611
Consorcio ARA SA de CV 587,500 209,743
Controladora Comercial Mexicana SA de CV 282,294 62,830
Corp Moctezuma SAB de CV 446,200 666,851
Corp. GEO SA de CV, Series B * 549,352 495,233
Dine SA de CV * 103,700 34,853
Embotelladoras Arca SA de CV 496,941 1,002,122
Empresas ICA SA de CV, SADR * 111,556 630,291
Empresas ICA Sociedad    
Controladora SA de CV * 25,600 36,500
Fomento Economico Mexicano SA de CV,    
SADR 245,825 6,762,646
GMD Resorts SAB de CV * 69,300 23,550
Gruma SA de CV, SADR * 70,893 136,823
Gruma SA de CV * 19,921 9,671
Grupo Aeroportuario del Pacifico SA de CV,    
Series B, SADR 31,800 705,960
Grupo Aeroportuario del Sureste SA de CV,    
SADR 28,650 796,470
Grupo Aeroportuario del Sureste SA de CV 27,200 75,166
Grupo Carso SA de CV 662,500 1,613,078
Grupo Cementos de Chihuahua SA de CV 57,000 117,116
Grupo Continential SA de CV 461,100 619,208
Grupo Financiero Banorte SA de CV 236,500 383,303
Grupo Financiero Inbursa SA de CV 468,035 1,225,581
Grupo Industrial Maseca SA de CV 2,600 1,748
Grupo Industrial Saltillo SA de CV * 100,600 30,055
Grupo Iusacell SA de CV * 6 11
Grupo Kuo SA de CV * 164,700 55,355
Grupo Mexicano de Desarrollo, SAB * 69,300 87,835
Grupo Mexico SA 2,614,071 1,640,018
Grupo Simec SAB de CV * 198,600 296,513
Industrias CH SA de CV * 358,600 667,973

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Mexico (continued)    
Organizacion Soriana SA de CV * 1,101,100 $ 2,055,979
Qualitas Compania de Seguros SA de CV * 258,200 77,138
Urbi Desarrollos Urbanos SA de CV * 287,800 427,756
Vitro SA de CV, SADR (a) 92,452 157,168
    27,579,779
Philippines - 0.59%    
Ayala Corp. 45,000 178,900
Belle Corp. * 1,800,000 19,938
Benpres Holdings Corp. * 1,630,000 34,288
China Banking Corp. 4,140 31,834
DMCI Holdings, Inc. 1,264,000 63,901
Empire East Land Holdings, Inc. * 5,890,000 24,922
Filinvest Development Corp. 404,000 7,705
Filinvest Land, Inc. 19,468,750 168,780
First Philippine Holdings Corp. * 281,100 95,587
Megaworld Corp. 11,019,000 141,196
Metropolitan Bank & Trust Company 724,600 365,688
Philippine National Bank * 330,400 110,247
Rizal Commercial Banking Corp. 455,400 92,601
Robinsons Land Corp. 1,703,000 204,160
Security Bank Corp. 155,100 92,025
SM Investments Corp. 39,000 146,515
Union Bank of Philippines 221,200 99,732
Universal Robina Corp. 1,082,100 110,936
Vista Land & Lifescapes, Inc. 4,324,000 94,127
    2,083,082
Poland - 2.78%    
Agora SA 46,104 258,692
Bank BPH SA * 10,227 109,259
Bank Millennium SA 117,367 127,551
Barlinek SA * 5,475 4,213
Bioton SA * 1,373,084 106,976
Boryszew SA * 21,709 13,733
Cersanit-Krasnystaw SA * 12,636 58,106
Ciech SA 16,728 150,084
Computerland SA * 9,818 84,772
Debica SA 7,943 96,562
Dom Development SA 4,937 30,120
Echo Investment SA * 319,170 238,624
Elstar Oils SA * 87,723 117,875
Emperia Holding SA 2,613 46,906
Fabryka Kotlow Rafako SA * 41,805 61,169
Fabryki Mebli Forte SA * 23,417 37,881
Farmacol SA * 11,889 102,463
Firma Chemiczna Dwory SA * 678,621 138,114
Getin Holding SA * 365,502 613,275
Grupa Kety SA 11,048 267,333
Grupa Lotos SA * 57,549 240,713
Impexmetal SA 74,550 30,324
Inter Cars SA 700 6,810
KGHM Polska Miedz SA 140,407 1,381,428
Kredyt Bank SA 59,632 215,654
MNI SA * 41,057 31,589
Mostostal-Export SA * 22,387 15,415
Netia SA * 306,083 256,582

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Poland (continued)    
Orbis SA 34,217 $ 393,658
Pekaes SA 6,381 23,545
Pfleiderer Grajewo SA 6,153 13,600
Polnord SA * 13,014 108,726
Polski Koncern Miesny Duda SA * 91,151 40,441
Polski Koncern Naftowy Orlen SA 382,506 3,374,012
Przedsiebiorstwo Eksportu i Importu Kopex SA * 17,101 50,336
Softbank SA 46,450 754,603
Stalexport Autostrady SA * 202,394 122,894
Zaklady Tluszczowe Kruszwica SA 1,270 17,972
Zelmer SA 4,342 36,940
    9,778,950
South Africa - 10.57%    
ABSA Group, Ltd. 259,189 2,678,604
Aeci, Ltd. 91,440 433,799
Afgri, Ltd. 325,008 143,084
African Bank Investments, Ltd. 658,550 1,799,165
AG Industries, Ltd. * 94,914 5,194
Allied Electronics Corp., Ltd. 36,305 88,528
Argent Industrial, Ltd. 55,365 52,127
Aveng, Ltd. 263,927 767,524
Barloworld, Ltd. 181,179 809,084
Bell Equipment, Ltd. 1,461 2,482
Caxton & CTP Publishers & Printers, Ltd. 167,748 193,015
Ceramic Industries, Ltd. 1,781 13,814
DataTec, Ltd. * 181,694 248,927
Drdgold, Ltd. 100,663 45,830
Enaleni Pharmaceuticals, Ltd. * 380,905 88,698
Eqstra Holdings, Ltd. * 91,166 70,593
Freeworld Coatings, Ltd. 26,940 16,194
Gijima Ast Group, Ltd. 338,993 16,290
Gold Fields, Ltd., SADR 448,708 3,688,380
Grindrod, Ltd. 255,142 329,164
Harmony Gold Mining Company, Ltd., SADR * (a) 290,005 2,505,643
Highveld Steel & Vanadium Corp., Ltd. 3,483 22,327
Hulamin, Ltd. 57,107 82,668
Iliad Africa, Ltd. * 106,304 63,436
Imperial Holdings, Ltd. 188,294 944,730
Investec, Ltd. 224,011 965,803
JD Group, Ltd. 191,097 579,469
Kap International Holdings, Ltd. * 90,584 10,446
Lewis Group, Ltd. 90,777 380,971
Liberty Holdings, Ltd. 100,815 613,395
Medi-Clinic Corp., Ltd. 285,993 514,690
Merafe Resources, Ltd. * 427,876 32,639
Metair Investments, Ltd. 99,170 56,795
Metorex, Ltd. * 16,745 3,942
Metropolitan Holdings, Ltd. 614,720 650,401
Mittal Steel South Africa, Ltd. 169,731 1,469,561
Mondi, Ltd. 163,880 501,315
Mustek, Ltd. 97,803 24,343
Mvelaphanda Group, Ltd. 204,905 92,015
Nampak, Ltd. * 641,310 801,156
Nedbank Group, Ltd. 211,228 1,975,709
Nu-World Holdings, Ltd. * 9,429 14,057
Peregrine Holdings, Ltd. 98,024 81,430

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Africa (continued)    
PSG Group, Ltd. 120,443 $ 159,681
Sanlam, Ltd. 2,231,292 3,678,633
Sappi, Ltd., SADR 169,895 910,637
Simmer and Jack Mines, Ltd. * 292,740 55,636
Spur Corp., Ltd. 9,000 5,568
Standard Bank Group, Ltd. 788,663 6,825,514
Steinhoff International Holdings, Ltd. * 1,118,036 1,192,186
Super Group, Ltd. * 196,625 54,813
Tiger Wheels, Ltd. * 14,267 0
Trans Hex Group, Ltd. 57,462 19,867
Trencor, Ltd. 165,687 306,908
Value Group, Ltd. 267,946 61,138
    37,148,018
South Korea - 10.21%    
Aekyung Petrochemical Company, Ltd. 1,450 12,530
Asia Cement Company, Ltd. 1,280 33,936
Asia Paper Manufacturing Company, Ltd. 2,000 6,000
Asiana Airlines 53,500 121,063
AUK Corp. 5,400 4,139
Binggrae Company, Ltd. 2,700 73,638
BNG Steel Comapny, Ltd. 1,630 4,318
Boryung Pharmaceutical Company, Ltd. 1,164 15,275
Byucksan Engineering & Construction    
Company, Ltd. 6,140 6,266
C. & Woobang Construction Company, Ltd. * 7,230 1,684
Cheil Industries, Inc. 14,720 400,351
Chin Hung International, Inc. * 41,110 18,482
Chokwang Leather Company, Ltd. 2,300 8,258
Chong Kun Dang Pharm Corp. 1,200 10,508
Choongwae Pharma Corp. 2,590 15,304
Chosun Refractories Company, Ltd. 700 25,591
CJ Corp. * 9,696 200,128
Crown Confectionery Company, Ltd. 230 12,481
Dae Chang Industrial Company, Ltd. 27,000 6,753
Dae Dong Industrial Company, Ltd. 2,600 30,491
Dae Han Flour Mills Company, Ltd. 500 38,951
Dae Won Kang Up Company, Ltd. 18,000 18,325
Daeduck Electronics Company, Ltd. 15,700 34,287
Daeduck GDS Company, Ltd. 5,010 14,518
Daegu Bank 89,580 425,583
Daehan Steel Co., Ltd. * 1,870 70,837
Daehan Synthetic Fiber Company, Ltd. 130 5,884
Daekyo Company, Ltd. 24,800 70,946
Daelim Industrial Company 19,890 450,324
Daesang Corp. 7,470 27,323
Daesung Industrial Company, Ltd. 900 33,856
Daewoo Engineering & Construction    
Company, Ltd. 64,860 363,627
Daewoo Motor Sales Corp. 21,020 112,124
Daewoong Company, Ltd. 620 6,907
Daishin Securities Company, Ltd. 32,690 274,655
Daiyang Metal * 4,090 3,536
Daou Technology, Inc. 20,060 51,946
DI Corp. 8,700 4,754
Digital Power Communications Company, Ltd. 14,000 7,321
Dong Ah Tire & Rubber Company, Ltd. 3,100 12,924

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
Dong Su Industrial Company, Ltd. 10,880 $ 34,373
Dong Wha Pharmaceutical Industrial    
Company, Ltd. 4,030 88,005
Dongbang Transport Logistics Company, Ltd. 5,650 6,045
Dongbu Corp. 6,900 21,483
Dongbu Hannong Chemicals Company, Ltd. * 20,930 48,383
Dongbu Securities Company, Ltd. 17,159 45,637
Dongbu Steel Company, Ltd. 7,360 29,168
Dong-Il Corp. 615 20,964
Dongil Paper Manufacturing Comapny, Ltd. 13,000 5,072
Dongkuk Steel Mill Company, Ltd. 26,520 417,508
Dongwon F & B Company, Ltd. 800 12,576
Dongyang Engineering & Construction Corp. 970 7,039
Dongyang Mechatronics Corp. 24,424 33,631
Doosan Industrial Development Company, Ltd. 20,210 65,690
En Paper Manufacturing Company, Ltd. * 7,900 10,019
F&F Company, Ltd. 5,100 8,857
Fursys, Inc. 1,550 20,575
Gaon Cable Company, Ltd. 1,160 14,484
GIIR, Inc. 3,900 29,015
Global & Yuasa Battery Company, Ltd. 4,200 41,205
Green Non-Life Insurance Company, Ltd. 6,490 25,057
GS Holdings Corp. 35,530 527,548
Gwangju Shinsegae Company, Ltd. 220 15,332
H.S. R & A Company, Ltd. 2,200 7,415
Hae In Corp. 4,100 14,410
Halla Climate Control Company, Ltd. 7,130 39,576
Halla Engineering & Construction Corp. 2,090 9,488
Han Kuk Carbon Co., Ltd. * 16,340 42,262
Hana Financial Group, Inc. 77,440 925,214
Handok Pharmaceuticals Company, Ltd. 1,000 8,173
Handsome Company, Ltd. 8,058 40,247
Hanil Cement Manufacturing Company, Ltd. 4,329 162,841
Hanil Construction Company, Ltd. 1,470 3,613
Hanil E-Wha Company, Ltd. 6,400 6,059
Hanjin Heavy Industries & Construction    
Holdings Company, Ltd. * 7,550 58,968
Hanjin Shipping Company, Ltd. 46,820 505,898
Hanjin Transportation Company, Ltd. 7,080 169,502
Hankook Cosmetics Company, Ltd. 6,300 10,423
Hankook Tire Company, Ltd. 51,710 487,043
Hankuk Electric Glass Company, Ltd. 3,370 61,124
Hankuk Glass Industries, Inc. 1,820 26,739
Hankuk Paper Manufacturing Company, Ltd. 1,520 26,682
Hanmi Capital Company, Ltd. 3,100 8,056
Hanshin Construction Company, Ltd. 3,010 21,515
Hansol Chemical Company, Ltd. 3,500 10,524
Hansol CSN Company, Ltd. 23,450 13,089
Hansol LCD, Inc. 2,650 25,156
Hansol Paper Company, Inc. * 13,550 86,027
Hanssem Company, Ltd. 6,330 30,363
Hanwha Chem Corp. 58,760 200,086
Hanwha Securities Company, Ltd. 23,910 82,238
Hanwha Timeworld Company, Ltd. 1,700 12,331
Hanyang Securities Company, Ltd. 7,000 33,671
Heung-A Shipping Company, Ltd. 19,140 11,979
Honam Petrochemical Corp. 9,981 301,704

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
Hotel Shilla Company, Ltd. 22,640 $ 230,660
Husteel Company, Ltd. 1,100 10,491
Hwa Shin Company, Ltd. 14,690 14,014
Hwa Sung Industrial Company, Ltd. 3,530 7,695
Hwacheon Machine Tool Company, Ltd. 730 11,422
Hynix Semiconductor, Inc. * 195,100 987,349
Hyosung Corp. 16,050 373,576
Hyundai Cement Company, Ltd. 2,370 11,963
Hyundai Department Store Company, Ltd. 660 24,796
Hyundai Development Company 42,000 871,095
Hyundai DSF Company, Ltd. 2,800 10,996
Hyundai Elevator Company, Ltd. 1,120 38,998
Hyundai H & S Company, Ltd. 2,602 99,266
Hyundai Hysco Company, Ltd. 21,140 93,444
Hyundai Mipo Dockyard 8,355 728,155
Hyundai Motor Company, Ltd. 88,686 2,511,611
Hyundai Pharmaceutical Industrial Company,    
Ltd. 9,400 14,125
Hyundai Securities Company, Ltd. 97,057 492,461
Hyundai Steel Company 33,282 750,884
Il Dong Pharmaceutical Company, Ltd. 1,810 30,092
Iljin Diamond Company, Ltd. 712 3,311
Iljin Electric, Ltd. 15,328 19,540
Ilsung Pharmaceutical Company, Ltd. 990 47,748
Inzi Controls Company, Ltd. 6,490 10,182
Isu Chemical Company, Ltd. 7,260 48,763
Jahwa Electronics Company, Ltd. 5,200 12,129
Jeil Mutual Savings Bank 1,850 3,275
Jeil Pharmaceutical Co. * 1,910 7,230
Jeonbuk Bank, Ltd. 31,020 113,405
Joongang Construction Company, Ltd. * 2,700 6,516
KC Tech Company, Ltd. 13,460 21,264
KCC Corp. 3,184 557,238
KCTC 1,100 7,359
Keangnam Enterprises, Ltd. 3,358 12,316
Keyang Electric Machinery Company, Ltd. 18,120 14,865
KG Chemical Corp. * 5,600 21,063
Kia Motors Corp. * 100,940 482,986
Kirin Company, Ltd. * 1,540 825
KISCO Corp. * 2,586 48,058
Kiswire, Ltd. 4,730 122,038
Kolon Engineering &    
Construction Company, Ltd. 16,480 46,054
Kolon Industries, Inc. * 8,820 123,635
Korea Airport Service Company, Ltd. 1,020 18,817
Korea Cast Iron Pipe Industries Company, Ltd. 6,600 9,972
Korea Circuit Company, Ltd. * 5,500 6,670
Korea Development Corp. 2,330 6,431
Korea Development Financing Corp. 1,960 31,863
Korea Electric Terminal Company, Ltd. 2,340 18,126
Korea Exchange Bank 157,150 773,363
Korea Flange Company, Ltd. 1,830 7,965
Korea Investment Holdings Company, Ltd. 28,307 483,703
Korea Iron & Steel Company, Ltd. 783 17,624
Korea Kumho Petrochemical Company, Ltd. 9,110 119,637
Korea Line Corp. 4,942 193,475
Korea Mutual Savings Bank 870 8,902

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
Korea Polyol Company, Ltd. 1,522 $ 40,535
Korea Zinc Company, Ltd. 6,355 300,800
Korean Air Lines Company, Ltd. 25,070 661,584
Korean Petrochemical Industrial Company,    
Ltd. 2,450 26,417
KP Chemical Corp. * 27,830 69,644
KT Freetel Company, Ltd. * 51,100 992,420
KTB Network Corp. * 48,830 96,473
Kukdo Chemical Company, Ltd. 1,520 16,978
Kumho Electric Company, Ltd. 2,450 30,674
Kumho Industrial Company, Ltd. 16,070 137,538
Kumho Investment Bank 60,370 21,426
Kumho Tire Company, Inc. 20,800 62,597
Kumkang Industrial Company, Ltd. 1,400 4,460
Kwang Dong Pharmaceutical Company, Ltd. 31,100 52,028
Kyeryong Construction    
Industrial Company, Ltd. 2,550 24,586
Kyobo Securities Company, Ltd. 16,180 81,553
Kyung Nong Corp. 11,060 22,340
Kyungbang, Ltd. * 681 26,107
Lee Ku Industrial Company, Ltd. 8,740 4,643
LG Chem, Ltd. 6,700 318,000
LG Dacom Corp. 20,670 275,243
LG International Corp. 9,400 86,581
LG Philips LCD Company, Ltd., ADR 151,850 1,070,542
Lotte Chilsung Beverage Company, Ltd. 486 247,266
Lotte Confectionery Company, Ltd. 400 333,323
Lotte Midopa Company, Ltd. * 18,300 78,232
Lotte Samkang Company, Ltd. 350 33,960
Lotte Shopping Company, Ltd. 6,685 818,575
LS Cable, Ltd. 6,135 291,921
Manho Rope & Wire, Ltd. 1,400 9,348
Meritz Investment Bank * 33,274 13,364
Meritz Securities Company, Ltd. 116,360 69,080
Moorim Paper Company, Ltd. 4,880 29,449
Namyang Dairy Products Company, Ltd. 342 98,578
Nexen Tire Corp. 16,240 19,534
NH Investment & Securities Company, Ltd. 13,470 38,812
Nong Shim Company, Ltd. 1,158 177,636
Nong Shim Holdings Company, Ltd. 1,340 49,420
On*Media Corp. * 56,410 71,468
Ottogi Corp. 706 70,708
Pacific Corp. 2,126 144,501
Pang Rim Company, Ltd. 950 6,483
PaperCorea, Inc. 2,900 15,435
Pohang Coated Steel Company, Ltd. 1,600 15,815
Poonglim Industrial Company, Ltd. 5,520 8,306
Poongsan Corp. 1,300 8,441
Poongsan Corp. * 6,919 31,840
Pulmuone Company, Ltd. 1,122 33,338
Pumyang Construction Company, Ltd. 1,610 9,040
Pusan Bank 88,980 367,624
Pusan City Gas Company, Ltd. 3,700 45,243
S&T Corp. 2,360 10,910
S&T Dynamics Company, Ltd. 10,410 48,274
Saehan Industries, Inc. * 17,230 54,271
Saehan Media Company, Ltd. * 6,266 5,061

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
Sam Kwang Glass Industrial Company, Ltd. 800 $ 9,818
Sam Lip General Foods Company, Ltd. 3,850 19,822
Sam Young Electronics Company, Ltd. 5,610 31,130
Sam Yung Trading Company, Ltd. 4,500 8,412
Sambu Construction Company, Ltd. 2,400 17,862
Samho International Company, Ltd. 6,780 11,563
Samick Musical Instruments Company, Ltd. * 8,830 3,116
Samick THK Company, Ltd. 11,120 10,240
Samjin Pharmaceutical Company, Ltd. 5,305 26,440
Samsung Corp. 34,785 940,202
Samsung Fine Chemicals Company, Ltd. 7,550 189,792
Samsung SDI Company, Ltd. * 20,755 840,960
Samwhan Corp. 3,850 16,385
Samyang Corp. 3,991 81,731
Samyang Genex Company, Ltd. 800 28,237
Samyang Tongsang Company, Ltd. 690 9,617
Savezone I & C Corp. 16,880 10,025
Seah Besteel Corp. 6,940 85,296
SeAH Holdings Corp. 1,020 42,849
SeAH Steel Corp. 900 23,790
Sebang Company, Ltd. 5,070 31,417
Sejong Industrial Company, Ltd. 7,830 16,318
Seoul Securities Company, Ltd. 229,660 186,570
Sgwicus Corp. * 4,800 3,002
SH Chemical Company, Ltd. * 31,743 9,113
Shin Poong Pharmaceutical Company, Ltd. 1,880 17,749
Shinhan Engineering & Construction    
Company, Ltd. * 3,177 31,269
Shinhan Financial Group Company, Ltd.,    
SADR (a) 69,776 2,955,014
Shinheung Securities Company, Ltd. 3,650 31,277
Shinsegae Engineering & Construction    
Company, Ltd. 1,110 8,156
Shinsung ENG Company, Ltd. 6,445 27,697
Shinsung ENG Company, Ltd. * 3,222 6,339
Shinsung FA Company, Ltd. * 3,222 6,459
Shinyoung Securities Company, Ltd. 3,180 49,605
Silla Company, Ltd. 11,550 110,196
Sindo Ricoh Company, Ltd. 2,940 116,450
SJM Company, Ltd. 8,130 18,336
SK Chemicals Company, Ltd. 11,690 164,957
SK Corp. 21,407 1,259,606
SK Gas Company, Ltd. 2,662 78,720
SKC Company, Ltd. 12,910 137,835
SL Corp. 5,830 8,375
Solomon Mutual Savings Bank 3,600 4,682
Ssangyong Cement Industrial Company, Ltd. * 21,560 67,119
Ssangyong Motor Company, Ltd. * 27,890 20,336
Suheung Capsule Company, Ltd. 2,900 7,989
Sung Bo Chemicals Company, Ltd. 410 5,226
Sung Chang Enterprise Company, Ltd. * 1,680 17,167
Sungjee Construction Company, Ltd. 2,210 5,893
Sungshin Cement Company, Ltd. * 5,760 11,552
Sungwon Corp. 4,230 8,868
Sunjin Company, Ltd. 1,010 9,099
Tae Kyung Industrial Company, Ltd. 14,930 35,489
Taegu Department Store Company, Ltd. 2,740 13,294

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
Taekwang Industrial Company, Ltd. 285 $ 222,723
Taeyoung Engineering & Construction, Ltd. 31,060 80,693
Taihan Electric Wire Company, Ltd. 17,540 183,831
Telcoware Company, Ltd. 4,000 15,231
Tong Yang Investment Bank 55,690 163,716
Trybrands, Inc. * 5,723 8,188
Trybrands, Inc. * 3,036 4,206
TS Corp. 1,100 37,455
Uangel Corp. 7,990 23,920
Unid Company, Ltd. 2,000 42,011
Union Steel Company, Ltd. * 3,060 27,538
Wiscom Company, Ltd. 3,680 9,183
Woongjin Holdings Company, Ltd. 2,870 12,780
Woori Investment & Securities Company, Ltd. 59,890 423,005
Yesco Company, Ltd. 1,480 27,332
Yoosung Enterprise Company, Ltd. 9,880 10,499
Youlchon Chemical Company, Ltd. 9,090 48,634
Young Poong Corp. 307 101,926
Youngone Corp. 23,530 85,232
Yuhwa Securities Company, Ltd. 3,240 28,305
    35,868,641
Taiwan - 11.72%    
Accton Technology Corp. * 461,000 88,906
Achem Technology Corp. 138,000 46,135
AGV Products Corp. * 228,505 41,825
Allis Electric Company, Ltd. 135,000 20,343
AmTRAN Technology Company, Ltd. 469,000 132,323
Arima Communication Corp. * 202,000 27,068
Arima Computer Corp. * 490,000 29,122
Arima Optoelectronics Corp. * 100,134 10,883
Asia Polymer Corp. 126,000 50,392
Asia Vital Components Company, Ltd. 196,800 74,701
AU Optronics Corp. ADR 437,522 2,642,633
Audix Corp. 81,200 27,038
Avision, Inc. 111,916 25,999
Bank of Kaohsiung, Ltd. 251,680 49,869
Basso Industry Corp. 105,000 51,707
Behavior Technology Computer Corp. * 48,800 1,980
BenQ Corp. 587,512 110,116
BES Engineering Corp. 1,063,200 199,539
Biostar Microtech International Corp. 85,280 19,268
C Sun Manufacturing, Ltd. 49,469 13,738
Carnival Industrial Corp. * 198,000 22,612
Cathay Chemical Works, Inc. 73,000 15,649
Cathay Real Estate Development    
Company, Ltd. 658,000 134,625
Central Reinsurance Company, Ltd. 269,535 61,883
Chain Qui Development Company, Ltd. 76,000 23,873
Champion Building Materials Comapny, Ltd. 166,950 40,065
Chang Hwa Commercial Bank, Ltd. 2,733,000 1,000,590
Charoen Pokphand Enterprise Company, Ltd. 122,000 35,134
Cheng Loong Corp. 750,000 150,653
Chenming Mold Industrial Corp. 92,128 24,702
Chi Mei Optoelectronics Corp. 3,322,950 973,346
Chia Hsin Cement Corp. * 395,560 161,752
Chien Shing Stainless Steel Company, Ltd. * 181,000 18,003

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Chilisin Electronics Corp. 63,240 $ 13,044
China Airlines, Ltd. * 1,243,874 293,733
China Chemical & Pharmaceutical Company,    
Ltd. 129,000 45,816
China Development Financial Holdings Corp. 7,152,216 1,434,412
China Electric Manufacturing Corp. 170,000 47,294
China General Plastics Corp. * 215,000 41,113
China Glaze Company, Ltd. 109,203 22,919
China Manmade Fibers Corp. 822,000 98,260
China Motor Company, Ltd. 454,905 118,881
China Petrochemical Development Corp. * 1,338,780 250,062
China Steel Structure Company, Ltd. 107,000 42,090
China Synthetic Rubber Corp. 239,000 237,511
China Wire & Cable Company, Ltd. * 120,000 20,685
Ching Feng Home Fashions Company, Ltd. 108,780 11,670
Chin-Poon Industrial Company, Ltd. 307,000 93,753
Chun Yu Works & Company, Ltd. 115,000 25,331
Chun Yuan Steel Industrial Company, Ltd. 273,962 77,861
Chung Hsin Electric & Machinery    
Manufacturing Corp. 265,000 128,232
Chung Hwa Pulp Corp. 237,000 65,950
Chunghwa Picture Tubes, Ltd. 5,687,000 421,634
CMC Magnetics Corp. * 2,370,000 315,585
Collins Company, Ltd. * 155,400 37,299
Compeq Manufactuing Company, Ltd. 610,000 77,093
Continental Engineering Corp. 483,000 129,870
Da-Cin Construction Company, Ltd. 175,000 65,405
Delpha Construction Company, Ltd. * 174,000 15,120
D-Link Corp. 368,220 215,494
E.Sun Financial Holding Company, Ltd. 2,361,720 620,315
Eastern Media International Corp. 676,053 73,823
Eclat Textile Company, Ltd. 123,600 35,071
Edom Technology Company, Ltd. 64,000 11,127
Elite Material Company, Ltd. 200,955 30,792
Elitegroup Computer Systems Company, Ltd. 621,576 103,382
Enlight Corp. 164,799 2,584
Eternal Chemical Company, Ltd. 267,300 137,386
EVA Airways Corp. * 1,158,000 273,307
Everest Textile Company, Ltd. 224,000 27,088
Evergreen International Storage & Transport    
Corp. 453,000 240,443
Evergreen Marine Corp. 894,000 440,530
Everlight Chemical Industrial Corp. 166,000 49,093
Everspring Industry Company, Ltd. * 61,000 9,191
Evertop Wire Cable Corp. * 98,275 11,642
Excel Cell Electronic Company, Ltd. 29,000 6,683
Far Eastern Department Stores Company, Ltd. 614,000 310,599
Far Eastern International Bank * 1,470,000 239,533
Federal Corp. 233,527 75,632
Feng TAY Enterprise Company, Ltd. 45,000 20,949
First Copper Technology Company, Ltd. 169,000 26,755
First Insurance Company, Ltd. 150,165 27,381
Formosa Taffeta Company, Ltd. 653,000 360,552
Formosan Rubber Group, Inc. 388,000 129,521
Formosan Union Chemical * 173,264 55,375
FU I Industrial * 159,000 34,968
Fubon Group Company, Ltd. 2,226,000 1,343,954

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Fuhwa Financial Holdings Company, Ltd. 2,894,000 $ 1,110,011
Fwusow Industry Company, Ltd. 103,000 21,852
Gigabyte Technology Company, Ltd. 416,000 142,024
Gigastorage Corp. * 146,000 9,573
Gold Circuit Electronics, Ltd. 257,040 53,584
Goldsun Development & Construction    
Company, Ltd. 896,301 242,185
Gordon Auto Body Parts Company, Ltd. 50,181 10,821
Grand Pacific Petrochemical Corp. * 484,000 58,982
Great China Metal Industry Company, Ltd. 198,000 74,802
GTM Corp. 95,000 22,715
Hey Song Corp. 412,000 116,176
Hitron Technology, Inc. * 67,000 8,238
Ho Tung Chemical Corp. * 312,000 71,710
Hocheng Group Corp. * 177,000 34,969
Hold-Key Electric Wire & Cable Company, Ltd. * 132,000 16,885
Hong TAI Electric Industrial 155,000 47,029
Hsin Kuang Steel Co Ltd 169,000 68,443
Hsing TA Cement Company, Ltd. 227,000 54,418
Hua Eng Wire & Cable Company, Ltd. 598,000 88,720
Hung Ching Development Company, Ltd. 147,000 17,522
Hung Sheng Construction Company, Ltd. 325,000 65,284
Hwa Fong Rubber Company, Ltd. * 178,770 36,013
Ichia Technologies, Inc. 278,300 58,921
International Semiconductor Technology, Ltd. * 171,000 18,676
Inventec Company, Ltd. 1,156,050 297,133
Jui Li Enterprise Company, Ltd. 66,950 11,547
K Laser Technology, Inc. 82,214 26,171
Kang Na Hsiung Enterprise Company, Ltd. 135,000 55,582
Kao Hsing Chang Iron & Steel Corp. * 130,000 18,684
Kaulin Manufacturing Company, Ltd. 164,490 55,979
KEE TAI Properties Company, Ltd. 293,512 60,709
Kenda Rubber Industrial Company, Ltd. * 208,550 98,491
Kindom Construction Company, Ltd. 306,000 64,157
King Yuan Electronics Company, Ltd. 850,056 177,155
King's Town Bank * 647,000 121,785
Kinpo Electronics, Inc. 963,724 176,524
Kuoyang Construction Co., Ltd. 252,000 60,721
Kwong Fong Industries Corp. * 275,000 40,747
Lan Fa Textile Company, Ltd. 169,781 25,872
Lead Data, Inc. * 205,000 11,829
Lealea Enterprise Company, Ltd. * 726,500 93,130
LEE CHI Enterprises Company, Ltd. 110,000 28,351
Lelon Electronics Corp. 92,000 13,451
Leofoo Development Company, Ltd. * 179,000 58,085
Li Peng Enterprise Company, Ltd. * 292,864 27,331
Lien Hwa Industrial Corp. 459,574 165,043
Lingsen Precision Industries, Ltd. 146,178 26,770
Lite-On Technology Corp. 1,451,950 1,034,808
Long Bon Development Company, Ltd. 253,345 44,427
Long Chen Paper Company, Ltd. * 277,060 51,833
Lucky Cement Corp. 190,000 32,991
Macronix International Company, Ltd. 2,289,063 594,921
Mega Financial Holding Company, Ltd. 6,303,000 1,941,209
Meiloon Industrial Company, Ltd. 112,231 22,653
Mercuries & Associates, Ltd. 329,700 96,635

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Microelectronics Technology 192,000 $ 60,270
Micro-Star International Company, Ltd. 668,479 296,069
Mitac International 884,916 309,329
Mitac Technology Corp. 250,000 87,664
Mobiletron Electronics Company, Ltd. 31,000 8,352
Mustek Systems, Inc. * 103,576 5,689
Namchow Chemical Industrial Company, Ltd. * 100,000 14,714
Nanya Technology Corp. * 2,158,057 313,375
Nien Hsing Textile Company, Ltd. 441,000 104,577
Optimax Technology Corp. * 319,000 7,116
Oriental Union Chemical Corp. 183,000 79,751
Pacific Construction Company, Ltd. * 267,000 17,322
Pan Jit International, Inc. 137,806 44,999
Phihong Technology Company, Ltd. 194,573 41,483
Phoenix Precision Technology Corp. 416,847 84,514
Prince Housing Development Corp. 468,650 62,309
Prodisc Technology, Inc. * 540,000 0
Quintain Steel Company, Ltd. * 169,000 21,758
Radium Life Tech Company, Ltd. 320,000 90,567
Ralec Electronic Corp. 39,000 18,086
Rexon Industrial Corp., Ltd. * 153,000 14,394
Ritek Corp. * 1,974,000 238,985
Sampo Corp. * 868,000 85,620
Sanyang Industrial Company, Ltd. 386,481 70,209
SDI Corp. 137,000 42,717
Sesoda Corp. 69,750 55,522
Sheng Yu Steel Company, Ltd. 151,000 85,411
Shin Kong Financial Holding Company, Ltd. 3,155,398 837,683
Shinkong Insurance Company, Ltd. 151,788 40,057
Shinkong Spinning Company, Ltd. 200,000 83,931
Shinkong Synthetic Fibers Corp. 971,000 122,036
Shuttle, Inc. 122,000 27,750
Sigurd Microelectronics Corp. 151,326 32,305
Silicon Integrated Systems Corp. * 977,000 108,889
Sinon Corp. 164,000 44,219
SinoPac Holdings Company, Ltd. 4,806,000 989,419
Sintek Photronic Corp. * 217,140 26,913
Siward Crystal Technology Company, Ltd. 62,192 16,180
Solomon Technology Corp. * 101,200 20,561
Southeast Cement Company, Ltd. 270,000 65,185
Spirox Corp. 59,971 17,439
Stark Technology, Inc. 57,000 17,182
Sunplus Technology Company, Ltd. 285,595 101,751
Ta Chen Stainless Pipe Company, Ltd. 306,000 104,841
Ta Chong Bank, Ltd. * 1,416,000 235,096
Ta Ya Electric Wire & Cable Company, Ltd. 594,571 97,200
Tah Hsin Industrial Company, Ltd. 105,000 43,983
TA-I Technology Company, Ltd. 174,944 80,815
Taichung Commercial Bank 932,072 156,617
Tainan Enterprises Company, Ltd. 59,000 30,120
Tainan Spinning Company, Ltd. 953,000 179,653
Taishin Financial Holdings Company, Ltd. 5,240,000 830,435
Taisun Enterprise Company, Ltd. * 220,000 41,798
Taita Chemical Company, Ltd. 95,790 14,076
Taiwan Acceptance Corp. 83,000 39,297
Taiwan Business Bank * 1,855,000 370,141

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Taiwan Cement Corp. 1,987,000 $ 1,482,618
Taiwan Cooperative Bank 2,275,275 1,043,852
Taiwan Fu Hsing Industrial Company, Ltd. 83,000 29,714
Taiwan Glass Industrial Corp. 580,011 358,185
Taiwan Kai Yih Industrial Company, Ltd. 121,563 40,472
Taiwan Kolin Company, Ltd. * 400,000 0
Taiwan Life Insurance Company, Ltd. 126,000 60,243
Taiwan Mask Corp. 314,000 68,693
Taiwan Paiho, Ltd. 141,900 44,094
Taiwan Pulp & Paper Corp. * 179,000 42,310
Taiwan Sakura Corp. 87,868 21,178
Taiwan Styrene Monomer Corp. 516,479 108,986
Taiwan Tea Corp. * 374,000 130,485
Taiyen Biotech Company, Ltd. 131,000 47,160
Tatung Company, Ltd. * 2,906,000 492,661
Teapo Electronic Corp. * 205,000 14,539
Teco Electric & Machinery Company, Ltd. 1,534,000 463,769
Tex-Ray Industrial Company, Ltd. 90,000 12,771
Thinking Electronic Industrial Company, Ltd. 59,000 21,569
Ton Yi Industrial Corp. 773,000 254,655
Tong Yang Industry Company, Ltd. 260,020 86,391
Tsann Kuen Enterprise Company, Ltd. 132,000 49,710
Twinhead International Corp. * 224,000 11,867
TYC Brother Industrial Company, Ltd. 124,887 40,730
Tycoons Group Enterprise Company, Ltd. * 238,000 35,212
Tze Shin International Company, Ltd. 96,830 33,401
Union Bank of Taiwan * 919,000 140,086
Unitech Electronics Company, Ltd. 101,299 28,954
Unitech Printed Circuit Board Corp. 376,950 81,172
United Integrated Services Company, Ltd. 98,000 35,304
United Microelectronics Corp. 9,126,406 2,174,114
Unity Opto Technology Company, Ltd. 196,000 49,215
Universal Cement Corp. * 427,808 179,493
Universal Scientific Industrial Company, Ltd. 681,100 153,280
UPC Technology Corp. 391,600 107,137
USI Corp. 361,000 104,603
U-Tech Media Corp. 180,000 20,019
Ve Wong Corp. * 84,000 30,140
Walsin Lihwa Corp. 2,215,000 427,462
Walsin Technology Corp. 329,262 65,034
Waterland Financial Holding Company 1,443,800 226,134
Wei Chih Steel Industrial Company, Ltd. * 110,000 16,242
Winbond Electronics Corp. * 2,518,000 175,765
Wintek Corp. 801,000 138,305
WUS Printed Circuit Company, Ltd. * 254,000 26,905
Yageo Corp. 1,685,000 185,963
Yang Ming Marine Transport Corp. 1,077,015 381,077
Yeun Chyang Industrial Company, Ltd. 249,336 79,982
Yi Jinn Industrial Company, Ltd. * 219,800 23,820
Yieh Phui Enterprise Company, Ltd. 740,617 196,216
Yosun Industrial Corp. 158,993 55,165
Yuen Foong Yu Paper Manufacturing    
Company, Ltd. 848,711 177,097
Yulon Motor Company, Ltd. 665,900 281,862
Yung Chi Paint & Varnish Manufacturing    
Company, Ltd. 68,850 60,431
Yungtay Engineering Company, Ltd. 317,000 125,249

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Zig Sheng Industrial Company, Ltd. 270,179 $ 30,511
Zippy Technology Corp. 69,300 18,569
    41,181,487
Thailand - 2.09%    
Aapico Hitech PCL 192,300 15,614
Adkinson Securities PCL * 2,243,400 32,889
Bangchak Petroleum PCL 150,000 27,065
Bangkok Bank PCL, Foreign Shares 531,900 997,552
Bangkok Bank PCL, NVDR 1,142,800 2,130,205
Bangkok Expressway PCL 300,700 106,818
Bangkok Insurance PCL 2,500 12,616
Bangkok Land PCL * 6,465,300 40,101
Bank of Ayudhya PCL - Foreign Shares 720,000 195,938
Bank of Ayudhya PCL, NVDR 610,000 165,738
Cal-Comp Electronics Thailand PCL 1,014,300 44,038
CH. Karnchang PCL 318,100 19,012
Charoen Pokphand Foods PCL 2,954,000 233,189
CS Loxinfo PCL 213,700 11,989
Delta Electronics Thailand PCL 321,600 94,295
Eastern Water Resources Development &    
Management PCL 140,000 10,262
Hana Microelectronics PCL 190,000 45,531
Hemaraj Land & Development PCL 5,223,400 80,994
Jasmine International PCL 3,860,700 43,538
KGI Securities Thailand PCL 1,922,600 35,774
Kiatnakin Finance PCL 282,500 71,680
Krung Thai Bank PCL 4,491,100 417,836
Krungthai Card PCL 126,000 24,866
Loxley PCL * 988,200 29,253
MBK PCL 57,800 76,589
Nakornthai Strip Mill PCL * 7,100,000 22,019
National Finance PCL 793,700 152,161
Padaeng Industry PCL 20,000 5,131
Polyplex PCL 190,000 17,034
Power Line Engineering PCL 246,200 6,663
Pranda Jewelry PCL 214,300 29,967
Precious Shipping PCL 120,000 31,294
PTT Chemical PCL 584,500 502,601
Quality House PCL 3,882,100 85,369
Regional Container Lines PCL 209,100 32,718
Saha-Union PCL 134,800 50,545
Sahaviriya Steel Industries PCL 6,536,000 60,809
Sansiri PCL 1,102,100 50,336
SC Asset Corp. PCL 168,200 23,947
Seamico Securities PCL 421,400 18,771
Shin Satellite PCL * 544,900 36,562
Siam Commercial Bank PCL 368,200 498,269
Siam Industrial Credit PCL 402,200 14,287
Sino Thai Engineering & Construction PCL * 512,900 28,920
Supalai PCL 985,400 42,783
Tata Steel Thailand PCL 2,220,800 41,323
Thai Plastic & Chemical PCL 292,800 88,327
Thai Union Frozen Products PCL 341,400 172,288
Thoresen Thai Agencies PCL 130,600 47,498
Tipco Asphalt PCL 103,300 22,134
Tisco Bank PCL, Foreign 295,100 62,296

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Thailand (continued)    
TMB Bank PCL * 7,318,998 $ 113,489
TPI Polene PCL * 921,000 65,433
Vanachai Group PCL 672,000 32,208
Vinythai PCL 100,000 9,642
    7,328,206
Turkey - 2.09%    
Adana Cimento Sanayii TAS 140,546 28,873
Akcansa Cimento AS 67,302 89,485
Aksa Akrilik Kimya Sanayii AS * 43,831 35,974
Aksigorta AS 144,950 221,871
Alarko Holding AS 117,599 131,579
Anadolu Cam Sanayii AS * 66,575 43,891
Anadolu Isuzu Otomotiv Sanayi AS 7,282 14,451
Anadolu Sigorta AS 187,727 108,984
Arcelik AS 119,568 123,453
Ayen Enerji AS * 20,072 15,807
Aygaz AS * 109,473 126,494
BatiSoke AS 17,732 7,967
Bolu Cimento Sanayii AS 83,405 52,477
Borusan Mannesmann Boru Sanayi AS 13,810 48,316
Bossa Ticaret ve Sanayi Isletmeleri TAS 35,235 46,228
Brisa Bridgestone Sabanci Lastik San ve Tic    
AS 831 18,054
Cemtas Celik Makina Sanayi ve Ticaret AS 56,218 25,616
Cimsa Cimento Sanayi ve Ticaret AS 47,945 83,546
Dogan Gazetecilik AS * 26,131 23,719
Dogan Sirketler Grubu Holdings AS * 723,581 533,168
Dogan Yayin Holding AS * 125,716 55,239
Dogus Otomotiv Servis ve Ticaret AS 47,528 52,490
Eczacibasi Ilac Sanayi AS 231,248 127,867
Eczacibasi Yapi Gerecleri Sanayi ve Ticaret    
AS * 20,408 10,809
EGE Seramik Sanayi ve Ticaret AS * 26,340 7,079
Eregli Demir ve Celik Fabrikalari TAS 735,863 1,770,839
Ford Otomotiv Sanayi AS 28,857 80,976
Gentas Genel Metal Sanayi ve Ticaret AS 46,226 25,180
Global Yatirim Holding AS * 146,381 23,527
Goldas Kuyumculuk Sanayi AS * 54,847 25,414
Goodyear Lastikleri TAS * 3,921 14,977
GSD Holding AS * 221,249 57,178
Gunes Sigorta AS 31,526 26,176
Hektas Ticaret TAS 57,406 21,419
Hurriyet Gazetecilik AS * 212,666 94,346
Ihlas Holding AS * 55,660 7,874
Izmir Demir Celik Sanayi AS 27,749 26,849
Kardemir Karabuk Demir Celik Sanayi ve    
Ticaret AS * 106,346 39,816
Kartonsan Karton Sanayi ve Ticaret AS 638 22,308
KOC Holdings AS * 503,279 820,966
Konya Cimento Sanayii AS 977 20,426
Kordsa Global Endustriyel Iplik ve Kord Bezi    
Sanayi ve Ticaret Anonim Sirketi AS * 66,659 53,143
Marmaris Marti Otel Isletmeleri AS * 71,538 16,992
Menderes Tekstil Sanayi ve Ticaret AS * 126,374 13,783
Mutlu Aku ve Malzemeleri Sanayi AS * 28,331 15,871
Net Turizm Ticaret ve Sanayi AS * 98,336 32,255

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Turkey (continued)    
Nortel Networks Netas Telekomunikasyon AS 5,215 $ 38,167
Parsan Makina Parcalari Sanayii AS * 24,048 12,373
Pinar Entegre Et ve Un Sanayi AS 36,324 37,455
Pinar Sut Mamulleri Sanayii AS 15,498 24,753
Sanko Pazarlama Ithalat Ihracat AS * 20,076 20,553
Sarkuysan Elektrolitik Bakir AS 47,083 38,906
Sekerbank TAS 144,158 97,762
Selcuk Ecza Deposu Ticaret ve Sanayi A.S. 175,810 122,034
Tekstil Bankasi AS * 140,973 43,187
Tofas Turk Otomobil Fabrik AS 35,538 25,880
Trakya Cam Sanayi AS * 255,275 157,548
Turcas Petrolculuk AS 22,205 36,942
Turk Ekonomi Bankasi AS * 39,312 20,191
Turk Sise ve Cam Fabrikalari AS * 416,279 289,145
Turkiye Sinai Kalkinma Bankasi AS * 340,804 184,012
Turkiye Vakiflar Bankasi Tao 961,950 742,897
Ulker Gida Sanayi ve Ticaret AS 91,247 99,783
Usas Ucak Servisi AS * 18,304 10,047
Vestel Elektronik Sanayi ve Tracaret AS * 72,630 39,371
Zorlu Enerji Elektrik Uretim AS * 37,761 49,394
    7,334,152
United States - 1.42%    
Aluminum Corp. China, Ltd., ADR 97,450 1,123,599
Blue Square-Israel, Ltd., ADR 3,200 24,160
China Southern Airlines Company, Ltd. * 11,900 76,279
KB Financial Group, Inc. * (a) 134,847 2,749,530
Patni Computer Systems, Ltd., SADR 15,362 89,868
Sterlite Industries India, Ltd. 134,441 662,794
Yanzhou Coal Mining Company, Ltd. 44,421 245,648
         4,971,878
TOTAL COMMON STOCKS (Cost $668,926,745)   $ 321,610,808
 
PREFERRED STOCKS - 3.11%    
Brazil - 3.11%    
Banco Pine SA (j) 18,300 35,242
Banco Sofisa SA (j) 11,700 19,197
Bardella SA Industrias Mecanicas (j) 916 66,843
Companhia de Tecidos Norte de Minas SA * 42,900 72,242
Contax Participacoes SA (j) 10,300 160,107
Duratex SA (j) 14,100 88,827
Fabrica de Produtos Alimenticios Vigor SA * 63,670 145,158
Forjas Taurus SA (j) 11,400 18,754
Klabin SA (j) 473,000 692,359
Marcopolo SA (j) 113,100 180,690
Metalurgica Gerdau SA (j) 336,600 2,964,934
Petroquimica Uniao SA (j) 13,590 90,309
Sao Paulo Alpargatas SA (j) 4,900 87,191
Saraiva SA Livreiros Editores (j) 5,200 38,597
Suzano Papel e Celulose SA * 137,900 738,341
Telemar Norte Leste SA, Series A (j) 100,000 2,512,576
Uniao de Industrias Petroquimicas SA, Series    
B (j) 540,210 144,619
Universo Online SA (j) 35,700 106,362

Emerging Markets Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
PREFERRED STOCKS (continued)      
Brazil (continued)      
Usinas Siderurgicas de Minas Gerais SA,      
Series A (j)   273,150 $ 2,756,327
      10,918,675
 
TOTAL PREFERRED STOCKS (Cost $18,798,817)   $ 10,918,675
 
RIGHTS - 0.00%      
Poland - 0.00%      
Barlinek SA *    5,475   1,599
TOTAL RIGHTS (Cost $0)       $ 1,599
 
SHORT TERM INVESTMENTS - 4.63%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 16,273,373 $ 16,273,373
TOTAL SHORT TERM INVESTMENTS      
(Cost $16,273,373)      $ 16,273,373
 
REPURCHASE AGREEMENTS - 3.44%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$12,069,050 on 12/01/2008,      
collateralized by $12,070,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at      
$12,311,400, including interest) $ 12,069,000 $ 12,069,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $12,069,000)     $ 12,069,000
Total Investments (Emerging Markets Value Fund)    
(Cost $716,067,935) - 102.73%     $ 360,873,455
Liabilities in Excess of Other Assets - (2.73)%     (9,592,504)
TOTAL NET ASSETS - 100.00%     $ 351,280,951

The portfolio had the following five top industry concentrations as of November 30, 2008 (as a percentage of total net assets):

Banking 15.12%
Financial Services 6.95%
Food & Beverages 5.10%
Holdings Companies/Conglomerates 4.94%
Steel 3.95%

Emerging Small Company Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 97.66%    
Aerospace - 0.30%    
Triumph Group, Inc. 1,975  $ 67,545
Air Travel - 1.29%    
Flughafen Wien AG 2,142 84,268
UAL Corp. * 8,168 91,890

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Air Travel (continued)    
US Airways Group, Inc. * 18,689 $ 111,386
    287,544
Apparel & Textiles - 3.39%    
Deckers Outdoor Corp. * 2,435 145,223
Gymboree Corp. * 7,725 194,284
Lululemon Athletica, Inc. * (a) 16,175 158,839
True Religion Apparel, Inc. * 10,954 137,911
Warnaco Group, Inc. * 6,810 121,899
    758,156
Banking - 1.99%    
Colonial Bancgroup, Inc. (a) 37,915 95,167
Glacier Bancorp, Inc. 5,358 95,265
PrivateBancorp, Inc. (a) 8,165 254,421
    444,853
Biotechnology - 1.93%    
Illumina, Inc. * (a) 9,345 205,683
Immucor, Inc. * 9,269 224,959
    430,642
Building Materials & Construction - 1.07%    
Carillion PLC 39,050 130,760
Kier Group PLC 7,960 109,175
    239,935
Business Services - 4.02%    
FactSet Research Systems, Inc. (a) 8,230 329,200
Parexel International Corp. * 15,740 130,957
Stanley, Inc. * 7,363 234,880
Watson Wyatt Worldwide, Inc., Class A 5,067 204,301
    899,338
Cable & Television - 0.28%    
Central European Media Enterprises, Ltd.,    
Class A * 4,113 63,217
Colleges & Universities - 0.10%    
Corinthian Colleges, Inc. * 1,385 22,271
Commercial Services - 2.56%    
HMS Holdings Corp. * 7,295 215,202
Quanta Services, Inc. * 1,400 22,764
Riskmetrics Group, Inc. * 10,125 151,268
Team, Inc. * 6,485 183,007
    572,241
Computers & Business Equipment - 2.68%    
Intermec, Inc. * 10,375 137,780
MICROS Systems, Inc. * 11,235 187,063
Sykes Enterprises, Inc. * 14,840 275,282
    600,125
Containers & Glass - 1.76%    
Packaging Corp. of America 7,355 109,810
Silgan Holdings, Inc. 6,295 284,786
    394,596
Correctional Facilities - 0.92%    
The Geo Group, Inc. * 10,605 204,676

Emerging Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Cosmetics & Toiletries - 2.47%    
Alberto-Culver Company 11,925 $ 256,030
Chattem, Inc. * 4,090 296,811
    552,841
Crude Petroleum & Natural Gas - 3.77%    
Arena Resources, Inc. * 6,605 174,834
Carrizo Oil & Gas, Inc. * (a) 9,786 202,570
Concho Resources, Inc. * 5,239 123,588
Dana Petroleum PLC * 7,705 103,626
Goodrich Petroleum Corp. * 2,508 90,464
JKX Oil & Gas PLC 20,650 47,615
Penn Virginia Corp. 3,315 99,549
    842,246
Drugs & Health Care - 0.56%    
Abiomed, Inc. * (a) 8,930 125,377
Educational Services - 2.30%    
American Public Education, Inc. * (a) 5,005 197,998
Capella Education Company * 5,275 315,761
    513,759
Electrical Equipment - 0.81%    
DTS, Inc. * 10,920 180,944
Electrical Utilities - 1.68%    
Avista Corp. 21,270 375,841
Financial Services - 1.91%    
Affiliated Managers Group, Inc. * 4,030 112,840
GFI Group, Inc. 34,800 131,892
Stifel Financial Corp. * 4,255 183,008
    427,740
Food & Beverages - 1.91%    
Flowers Foods, Inc. 7,080 189,603
Hansen Natural Corp. * 4,879 145,150
Sligro Food Group NV 5,017 92,626
    427,379
Healthcare Products - 6.87%    
CardioNet, Inc. * 8,840 175,739
Conceptus, Inc. * 8,280 121,716
Masimo Corp. * 5,420 147,912
Natus Medical, Inc. * 10,894 138,463
PSS World Medical, Inc. * 14,730 256,155
Thoratec Corp. * 7,990 199,990
Volcano Corp. * 10,545 172,094
Wright Medical Group, Inc. * 9,400 159,424
Zoll Medical Corp. * 9,260 164,920
    1,536,413
Healthcare Services - 4.49%    
Alliance Imaging, Inc. * 17,056 133,378
Amedisys, Inc. * (a) 2,920 113,559
ICON PLC, SADR * 8,340 176,725
Phase Forward, Inc. * 8,535 118,380
Psychiatric Solutions, Inc. * 9,240 233,772
Sun Healthcare Group, Inc. * 22,873 229,187
    1,005,001

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrial Machinery - 1.32%    
Actuant Corp., Class A 16,489 $ 295,813
Industrials - 2.78%    
Clean Harbors, Inc. * 4,174 263,505
Harsco Corp. 14,215 357,507
    621,012
Insurance - 4.27%    
Argo Group International Holdings, Ltd. * 9,540 301,845
Arthur J. Gallagher & Company 5,965 147,932
Tower Group, Inc. 10,400 237,224
Zenith National Insurance Corp. 8,130 268,209
    955,210
International Oil - 0.39%    
Parker Drilling Company * 28,425 86,981
Internet Content - 0.46%    
Moneysupermarket.com Group PLC 141,487 103,647
Internet Software - 1.10%    
Switch & Data Facilities Company, Inc. * 17,835 92,921
Vocus, Inc. * 8,413 152,864
    245,785
Life Sciences - 1.58%    
Celera Corp. * 24,710 240,675
Dawson Geophysical Company * 5,458 112,271
    352,946
Liquor - 0.74%    
Central European Distribution Corp. * 7,030 166,189
Manufacturing - 4.27%    
Aalberts Industries NV 11,940 87,572
Barnes Group, Inc. 11,209 150,089
Kaydon Corp. 6,370 196,514
Mettler-Toledo International, Inc. * 2,816 231,616
Peace Mark Holdings, Ltd. 204,000 0
Snap-on, Inc. 7,230 260,642
ULVAC, Inc. * 2,850 27,893
    954,326
Medical-Hospitals - 1.24%    
Genoptix, Inc. * 8,760 277,955
Petroleum Services - 1.72%    
Core Laboratories N.V. 845 56,285
GulfMark Offshore, Inc. * 4,162 117,785
Rex Energy Corp. * 22,150 135,115
Superior Energy Services, Inc. * 4,535 76,415
    385,600
Pharmaceuticals - 2.09%    
Eurand NV * 20,610 162,407
OSI Pharmaceuticals, Inc. * (a) 4,105 152,706
United Therapeutics Corp. * 2,788 152,866
    467,979
Real Estate - 1.99%    
Alexandria Real Estate Equities, Inc., REIT 4,045 179,112
Corporate Office Properties Trust, REIT 6,735 200,097

Emerging Small Company Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Real Estate (continued)      
Gafisa S.A., SADR   8,160 $ 65,770
      444,979
Retail Grocery - 1.71%      
Spartan Stores, Inc.   16,140 382,841
Retail Trade - 2.63%      
Aaron Rents, Inc., Class B   5,725 151,312
American Eagle Outfitters, Inc.   15,395 147,792
Dollar Tree, Inc. *   6,840 289,742
      588,846
Semiconductors - 5.81%      
Atmel Corp. *   47,205 132,174
Entegris, Inc. *   19,428 27,005
Intersil Corp., Class A   13,330 120,770
Microsemi Corp. *   11,556 225,227
Monolithic Power Systems, Inc. *   15,990 153,024
Netlogic Microsystems, Inc. *   7,255 135,233
ON Semiconductor Corp. *   43,920 128,246
Pericom Semiconductor Corp. *   5,100 27,591
PMC-Sierra, Inc. *   37,072 148,659
Verigy, Ltd. *   21,920 201,883
      1,299,812
Software - 8.54%      
AsiaInfo Holdings, Inc. *   12,787 141,041
Blackboard, Inc. *   6,595 162,435
JDA Software Group, Inc. *   20,770 273,749
MedAssets, Inc. *   12,376 157,175
Nuance Communications, Inc. *   19,525 179,239
Omniture, Inc. * (a)   12,175 121,019
Progress Software Corp. *   13,120 279,194
Quest Software, Inc. *   19,195 256,253
Solera Holdings, Inc. *   14,770 289,049
VeriFone Holdings, Inc. * (a)   12,655 52,012
      1,911,166
Telecommunications Equipment &      
Services - 3.49%      
Centennial Communications Corp., Class A * 36,920 285,392
Comtech Telecommunications Corp. *   5,165 244,976
NTELOS Holdings Corp.   11,262 250,129
      780,497
Transportation - 0.67%      
Atlas Air Worldwide Holdings, Inc. *   9,762 149,359
Trucking & Freight - 1.80%      
Forward Air Corp.   9,500 219,640
Landstar Systems, Inc.   5,710 183,519
      403,159
TOTAL COMMON STOCKS (Cost $28,141,276)   $ 21,846,782
 
SHORT TERM INVESTMENTS - 6.12%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 1,368,483 $ 1,368,483
TOTAL SHORT TERM INVESTMENTS      
(Cost $1,368,483)       $ 1,368,483

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 1.13%    
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$254,001 on 12/01/2008,      
collateralized by $260,000 Federal      
Home Loan Mortgage Corp., 0%      
due 03/31/2009 (valued at      
$259,350, including interest) $ 254,000 $ 254,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $254,000)      $ 254,000
Total Investments (Emerging Small Company Fund)  
(Cost $29,763,759) - 104.91%   $ 23,469,265
Liabilities in Excess of Other Assets - (4.91)%   (1,098,048)
TOTAL NET ASSETS - 100.00%   $ 22,371,217
 
 
Equity-Income Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 94.24%      
Aerospace - 0.81%      
Boeing Company   117,300 $ 5,000,499
Aluminum - 0.37%      
Alcoa, Inc. (a)   213,300 2,295,108
Auto Parts - 0.68%      
Genuine Parts Company   107,250 4,198,838
Automobiles - 0.14%      
Ford Motor Company *   315,900 849,771
Banking - 4.99%      
Allied Irish Banks PLC - London Exchange   376,700 1,297,520
Bank of America Corp.   300,470 4,882,638
Fifth Third Bancorp   321,662 3,075,089
KeyCorp   298,900 2,803,682
Marshall & Ilsley Corp. (a)   85,800 1,325,610
National City Corp.   340,500 684,405
SunTrust Banks, Inc.   214,400 6,802,912
U.S. Bancorp   364,500 9,834,210
      30,706,066
Biotechnology - 1.26%      
Amgen, Inc. *   139,200 7,731,168
Broadcasting - 0.15%      
CBS Corp., Class B   135,200 900,432
Building Materials & Construction - 0.55%    
Masco Corp.   352,500 3,376,950
Business Services - 1.37%      
Computer Sciences Corp. *   126,200 3,515,932
H & R Block, Inc.   256,900 4,914,497
      8,430,429
Cable & Television - 0.41%      
Cablevision Systems Corp., Class A   171,600 2,515,656
Chemicals - 0.78%      
E.I. Du Pont de Nemours & Company   192,000 4,811,520

Equity-Income Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Coal - 0.31%    
CONSOL Energy, Inc. 65,200 $ 1,888,844
Computers & Business Equipment - 0.90%    
Cisco Systems, Inc. * 117,900 1,950,066
Dell, Inc. * 321,700 3,593,389
    5,543,455
Construction Materials - 1.14%    
USG Corp. * (a) 127,800 1,207,710
Vulcan Materials Company (a) 96,500 5,788,070
    6,995,780
Cosmetics & Toiletries - 1.70%    
Colgate-Palmolive Company 21,000 1,366,470
International Flavors & Fragrances, Inc. 139,400 4,257,276
Kimberly-Clark Corp. 84,000 4,854,360
    10,478,106
Crude Petroleum & Natural Gas - 0.95%    
Sunoco, Inc. 146,300 5,813,962
Drugs & Health Care - 1.19%    
Wyeth 203,700 7,335,237
Electrical Equipment - 0.37%    
Cooper Industries, Ltd., Class A 94,200 2,273,988
Electrical Utilities - 3.49%    
Entergy Corp. 51,500 4,382,650
FirstEnergy Corp. 63,975 3,747,655
PG&E Corp. 106,600 4,055,064
Pinnacle West Capital Corp. 107,200 3,258,880
Teco Energy, Inc. 91,700 1,192,100
Xcel Energy, Inc. 257,300 4,839,813
    21,476,162
Electronics - 0.50%    
Harman International Industries, Inc. 77,100 1,160,355
Tyco Electronics, Ltd. 117,700 1,939,696
    3,100,051
Energy - 1.75%    
Duke Energy Corp. 300,200 4,671,112
NRG Energy, Inc. * 42,000 994,980
Progress Energy, Inc. 128,700 5,108,103
    10,774,195
Financial Services - 11.72%    
American Express Company 266,900 6,221,439
Bank of New York Mellon Corp. 274,500 8,292,645
Capital One Financial Corp. 153,600 5,285,376
Citigroup, Inc. 245,296 2,033,504
Goldman Sachs Group, Inc. 58,700 4,636,713
Janus Capital Group, Inc. 112,600 917,690
JPMorgan Chase & Company 621,914 19,689,797
Legg Mason, Inc. 41,700 751,434
Merrill Lynch & Company, Inc. 297,415 3,931,826
Merrill Lynch & Company, Inc. * 136,984 1,629,836
SLM Corp. * 418,700 3,856,227
UBS AG * 247,160 3,148,818
Wells Fargo & Company 405,200 11,706,228
    72,101,533

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Food & Beverages - 3.03%    
Hershey Company (a) 300,200 $ 10,807,200
Kraft Foods, Inc., Class A 193,000 5,251,530
McCormick & Company, Inc. 85,800 2,554,266
    18,612,996
Forest Products - 0.33%    
Weyerhaeuser Company 53,600 2,016,432
Gas & Pipeline Utilities - 1.30%    
NiSource, Inc. 448,000 5,398,400
Spectra Energy Corp. 159,900 2,599,974
    7,998,374
Healthcare Products - 1.02%    
Johnson & Johnson 107,200 6,279,776
Healthcare Services - 0.43%    
WellPoint, Inc. * 74,600 2,655,760
Homebuilders - 0.14%    
D.R. Horton, Inc. 126,000 865,620
Hotels & Restaurants - 0.35%    
Marriott International, Inc., Class A 128,700 2,160,873
Household Appliances - 1.05%    
Black & Decker Corp. 52,600 2,232,344
Whirlpool Corp. (a) 107,200 4,221,536
    6,453,880
Household Products - 1.84%    
Fortune Brands, Inc. 193,300 7,306,740
Newell Rubbermaid, Inc. 298,600 3,989,296
    11,296,036
Industrial Machinery - 0.67%    
Deere & Company 118,300 4,118,023
Insurance - 3.66%    
Chubb Corp. 64,000 3,287,040
Hartford Financial Services Group, Inc. 23,500 198,575
Lincoln National Corp. 196,498 2,697,917
Marsh & McLennan Companies, Inc. 364,500 9,294,750
Progressive Corp. 189,300 2,843,286
The Travelers Companies, Inc. 96,449 4,209,999
    22,531,567
International Oil - 12.03%    
Anadarko Petroleum Corp. 128,200 5,262,610
BP PLC, SADR 160,792 7,828,962
Chevron Corp. 257,360 20,334,014
Exxon Mobil Corp. 257,324 20,624,519
Murphy Oil Corp. 154,400 6,801,320
Royal Dutch Shell PLC, ADR 246,600 13,180,770
    74,032,195
Internet Content - 0.56%    
Yahoo!, Inc. * 300,200 3,455,302
Internet Retail - 0.39%    
eBay, Inc. * 180,200 2,366,026
Leisure Time - 1.30%    
MGM Mirage, Inc. * (a) 166,700 1,997,066

Equity-Income Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Leisure Time (continued)    
Walt Disney Company 266,500 $ 6,001,580
    7,998,646
Manufacturing - 7.28%    
3M Company 160,800 10,762,344
Eaton Corp. 44,200 2,048,228
General Electric Company 1,093,600 18,777,112
Harley-Davidson, Inc. 139,400 2,371,194
Honeywell International, Inc. 139,400 3,883,684
Illinois Tool Works, Inc. 203,700 6,950,244
    44,792,806
Multimedia - 0.96%    
Time Warner, Inc. 650,500 5,887,025
Office Furnishings & Supplies - 0.77%    
Avery Dennison Corp. 152,900 4,755,190
Paper - 1.32%    
International Paper Company 415,825 5,177,021
MeadWestvaco Corp. 186,500 2,174,590
WPP PLC 136,800 763,693
    8,115,304
Petroleum Services - 0.77%    
BJ Services Company 106,600 1,278,134
Schlumberger, Ltd. 68,600 3,480,764
    4,758,898
Pharmaceuticals - 4.80%    
Abbott Laboratories 63,900 3,347,721
Bristol-Myers Squibb Company 277,300 5,740,110
Eli Lilly & Company 170,800 5,832,820
Merck & Company, Inc. 257,300 6,875,056
Pfizer, Inc. 471,800 7,751,674
    29,547,381
Photography - 0.18%    
Eastman Kodak Company (a) 149,900 1,134,743
Publishing - 1.49%    
Gannett Company, Inc. (a) 93,900 817,869
McGraw-Hill Companies, Inc. 245,300 6,132,500
The New York Times Company, Class A (a) 294,500 2,220,530
    9,170,899
Retail Grocery - 0.12%    
Whole Foods Market, Inc. (a) 67,700 716,266
Retail Trade - 2.94%    
Bed Bath & Beyond, Inc. * 254,600 5,165,834
Home Depot, Inc. 418,200 9,664,602
Macy's, Inc. 148,700 1,103,354
Tiffany & Company 110,300 2,182,837
    18,116,627
Semiconductors - 1.35%    
Analog Devices, Inc. 214,400 3,666,240
Applied Materials, Inc. 180,700 1,731,106
Intel Corp. 212,200 2,928,360
    8,325,706

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Software - 1.28%      
Microsoft Corp.   390,000 $ 7,885,800
Steel - 0.91%      
Nucor Corp.   156,500 5,583,920
Telecommunications Equipment &      
Services - 0.50%      
Alcatel-Lucent, SADR *   500,000 1,070,000
Vodafone Group PLC   1,029,300 2,018,931
      3,088,931
Telephone - 4.35%      
AT&T, Inc.   514,673 14,699,061
Qwest Communications International, Inc. (a) 1,051,900 3,366,080
Sprint Nextel Corp.   500,000 1,395,000
Verizon Communications, Inc.   224,052 7,315,298
      26,775,439
Toys, Amusements & Sporting Goods - 0.59%    
Mattel, Inc. *   266,600 3,644,422
Trucking & Freight - 1.00%      
United Parcel Service, Inc., Class B     107,200   6,174,720
TOTAL COMMON STOCKS (Cost $834,926,313)   $ 579,913,333
 
PREFERRED STOCKS - 0.04%      
Financial Services - 0.04%      
Federal National Mortgage Association,      
Series 08-1 *    129,100   237,544
TOTAL PREFERRED STOCKS (Cost $5,630,239)   $ 237,544
 
CONVERTIBLE BONDS - 0.05%      
Automobiles - 0.05%      
Ford Motor Company      
4.25% due 12/15/2036    1,043,000   327,015
TOTAL CONVERTIBLE BONDS (Cost $1,043,000)   $ 327,015
 
SHORT TERM INVESTMENTS - 5.89%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 21,981,925 $ 21,981,925
T. Rowe Price Reserve Investment Fund,      
2.7528%    14,288,394   14,285,338
TOTAL SHORT TERM INVESTMENTS      
(Cost $36,267,263)     $ 36,267,263

Equity-Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 0.31%    
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$1,900,008 on 12/01/2008,      
collateralized by $1,815,000      
Federal National Mortgage      
Association, 5.00% due      
03/15/2016 (valued at $1,939,781,      
including interest) $ 1,900,000 $ 1,900,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $1,900,000)       $ 1,900,000
Total Investments (Equity-Income Fund)      
(Cost $879,766,815) - 100.53%   $ 618,645,155
Liabilities in Excess of Other Assets - (0.53)%   (3,278,452)
TOTAL NET ASSETS - 100.00%     $ 615,366,703
 
 
Fundamental Value Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 91.60%      
Agriculture - 0.46%      
Monsanto Company   57,000 $ 4,514,400
Automobiles - 0.27%      
PACCAR, Inc.   95,800 2,669,946
Banking - 0.21%      
Wachovia Corp.   369,630 2,077,321
Broadcasting - 2.37%      
Grupo Televisa SA, SADR   663,339 9,857,218
Liberty Media Corp. - Entertainment, Series A * 166,688 1,978,587
News Corp., Class A   1,427,515 11,277,368
      23,113,173
Business Services - 3.61%      
Dun & Bradstreet Corp.   25,405 2,032,400
H & R Block, Inc.   627,587 12,005,739
Iron Mountain, Inc. *   677,694 14,726,291
Moody's Corp.   296,684 6,441,010
      35,205,440
Cable & Television - 2.37%      
Comcast Corp., Special Class A   1,379,100 23,127,507
Coal - 0.35%      
China Coal Energy Company, Series H   5,588,652 3,407,534
Computers & Business Equipment - 2.09%    
Cisco Systems, Inc. *   299,857 4,959,635
Dell, Inc. *   301,645 3,369,374
Hewlett-Packard Company (a)   342,110 12,069,641
      20,398,650
Construction Materials - 1.51%      
Martin Marietta Materials, Inc. (a)   80,838 7,084,642
Vulcan Materials Company (a)   128,221 7,690,696
      14,775,338

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Containers & Glass - 1.60%    
Sealed Air Corp. 984,256 $ 15,580,772
Cosmetics & Toiletries - 1.88%    
Avon Products, Inc. 136,730 2,885,003
Procter & Gamble Company 239,616 15,419,290
    18,304,293
Crude Petroleum & Natural Gas - 10.68%    
Devon Energy Corp. 467,004 33,783,069
EOG Resources, Inc. (a) 411,777 35,009,281
Occidental Petroleum Corp. 638,355 34,560,540
OGX Petroleo e Gas Participacoes SA * 5,200 864,440
    104,217,330
Electrical Utilities - 0.23%    
AES Corp. * 289,700 2,227,793
Electronics - 1.40%    
Agilent Technologies, Inc. * 451,530 8,502,310
Garmin, Ltd. (a) 67,800 1,158,024
Tyco Electronics, Ltd. 243,973 4,020,675
    13,681,009
Financial Services - 15.41%    
American Express Company 1,139,270 26,556,384
Ameriprise Financial, Inc. 231,317 4,270,112
Bank of New York Mellon Corp. 633,745 19,145,436
Brookfield Asset Management, Inc. 289,000 4,181,830
Citigroup, Inc. 323,023 2,677,861
Discover Financial Services 82,219 841,100
E*TRADE Financial Corp. * (a) 110,881 149,689
Goldman Sachs Group, Inc. 43,940 3,470,821
JPMorgan Chase & Company 1,289,643 40,830,097
Merrill Lynch & Company, Inc. 389,651 5,151,186
Morgan Stanley 51,842 764,670
State Street Corp. 38,275 1,611,760
Visa, Inc. 42,110 2,213,302
Wells Fargo & Company 1,333,188 38,515,801
    150,380,049
Food & Beverages - 1.61%    
Diageo PLC, SADR 239,798 13,517,413
Hershey Company (a) 62,099 2,235,564
    15,752,977
Forest Products - 0.29%    
Sino-Forest Corp. * 491,550 2,869,555
Gas & Pipeline Utilities - 0.69%    
Transocean, Inc. * 99,928 6,683,185
Healthcare Products - 0.55%    
Johnson & Johnson 91,000 5,330,780
Healthcare Services - 2.51%    
Cardinal Health, Inc. 230,669 7,501,356
Express Scripts, Inc. * 162,060 9,320,071
UnitedHealth Group, Inc. 364,120 7,650,161
    24,471,588
Holdings Companies/Conglomerates - 6.57%    
Berkshire Hathaway, Inc., Class A * 553 57,512,000

Fundamental Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Holdings Companies/Conglomerates    
(continued)    
China Merchants Holdings International    
Company, Ltd. 3,423,531 $ 6,558,189
    64,070,189
Household Products - 0.11%    
Hunter Douglas NV 46,643 1,070,893
Industrials - 0.14%    
Cosco Pacific, Ltd. 1,879,926 1,393,570
Insurance - 6.70%    
American International Group, Inc. 1,281,998 2,576,816
Loews Corp. 800,862 21,935,610
Markel Corp. * 3,265 1,005,620
MBIA, Inc. (a) 75,700 442,845
NIPPONKOA Insurance Company, Ltd. 918,665 5,835,945
Principal Financial Group, Inc. 96,830 1,337,222
Progressive Corp. 1,290,834 19,388,327
Sun Life Financial, Inc. 57,195 1,154,767
Tokio Marine Holdings, Inc. 126,284 3,056,342
Transatlantic Holdings, Inc. 218,505 8,661,538
    65,395,032
International Oil - 5.45%    
Canadian Natural Resources, Ltd. (a) 310,613 12,843,848
ConocoPhillips 767,672 40,318,133
    53,161,981
Internet Content - 0.56%    
Google, Inc., Class A * 18,496 5,418,588
Internet Retail - 0.54%    
Amazon.com, Inc. * 69,955 2,987,078
eBay, Inc. * 121,100 1,590,043
Liberty Media Holding Corp.-Interactive A * 254,336 668,904
    5,246,025
Liquor - 0.78%    
Heineken Holding NV 293,728 7,631,734
Manufacturing - 1.75%    
ABB, Ltd., SADR 105,460 1,363,598
Harley-Davidson, Inc. 399,672 6,798,421
Siemens AG 64,100 3,833,334
Tyco International, Ltd. 244,217 5,104,135
    17,099,488
Mining - 0.50%    
BHP Billiton PLC 179,002 3,239,096
Rio Tinto PLC 63,937 1,590,326
    4,829,422
Multimedia - 0.05%    
WPP PLC, ADR 16,751 464,338
Pharmaceuticals - 1.13%    
Schering-Plough Corp. 657,200 11,047,532
Real Estate - 0.50%    
Hang Lung Group, Ltd. 1,456,509 4,856,071
Retail Grocery - 0.11%    
Whole Foods Market, Inc. (a) 101,200 1,070,696

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Retail Trade - 7.83%      
Bed Bath & Beyond, Inc. *   316,303 $ 6,417,788
CarMax, Inc. *   347,708 2,646,058
Costco Wholesale Corp.   850,323 43,766,125
CVS Caremark Corp.   598,620 17,318,076
Lowe's Companies, Inc.   272,836 5,636,792
Sears Holdings Corp. * (a)   16,662 603,997
      76,388,836
Semiconductors - 1.50%      
Texas Instruments, Inc.   937,053 14,589,915
Shipbuilding - 0.22%      
China Shipping Development Company, Ltd.,    
Class H   2,579,063 2,159,575
Software - 1.85%      
Microsoft Corp.   891,629 18,028,738
Telephone - 0.28%      
Sprint Nextel Corp.   995,128 2,776,407
Tobacco - 3.92%      
Altria Group, Inc.   642,420 10,330,114
Philip Morris International, Inc.   661,220 27,877,035
      38,207,149
Trucking & Freight - 1.02%      
Kuehne & Nagel International AG   74,316 4,535,009
United Parcel Service, Inc., Class B   94,871 5,464,570
      9,999,579
 
TOTAL COMMON STOCKS (Cost $1,280,192,378)   $ 893,694,398
 
CONVERTIBLE BONDS - 0.12%      
Forest Products - 0.12%      
Sino-Forest Corp.      
5.00% due 08/01/2013 (h)   2,257,900   1,222,088
TOTAL CONVERTIBLE BONDS (Cost $2,239,049)   $ 1,222,088
 
SHORT TERM INVESTMENTS - 11.53%    
Intesa Funding LLC      
0.90% due 12/03/2008 $ 37,527,000 $ 37,525,124
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   34,854,860 34,854,860
UBS Finance Delaware LLC      
0.50% due 12/01/2008    40,073,000   40,073,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $112,452,984)       $ 112,452,984
Total Investments (Fundamental Value Fund)    
(Cost $1,394,884,411) - 103.25%     $ 1,007,369,470
Liabilities in Excess of Other Assets - (3.25)%   (31,733,673)
TOTAL NET ASSETS - 100.00%     $ 975,635,797

Global Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY OBLIGATIONS - 45.63%  
Federal Home Loan Bank - 1.11%      
3.654% due 10/23/2009 (b) $ 5,700,000 $ 5,697,178
Federal Home Loan Mortgage Corp. - 4.24%    
4.00% due 03/01/2010   836,921 835,534
4.50% due 02/01/2010   384,846 385,984
5.00% TBA **   4,900,000 4,926,029
5.50% TBA **   1,500,000 1,519,687
6.00% TBA **   13,700,000 13,995,399
      21,662,633
Federal National Mortgage      
Association - 26.36%      
3.6088% due 03/25/2044 (b)   536,892 513,957
3.864% due 11/01/2042 to 10/01/2044 (b) 3,909,385 3,848,451
4.609% due 11/01/2035 (b)   668,278 665,676
5.00% TBA **   56,500,000 56,802,617
5.145% due 09/01/2035 (b)   354,321 353,562
5.188% due 07/01/2035 (b)   362,305 362,426
5.50% TBA **   65,100,000 66,092,141
6.50% TBA **   6,000,000 6,155,390
      134,794,220
 
Government National Mortgage      
Association - 13.92%      
6.00% due 09/20/2038   4,882,967 4,992,261
6.00% TBA **   13,600,000 13,881,899
6.50% due 07/15/2038 to 10/20/2038   2,992,687 3,068,975
6.50% TBA **   48,000,000 49,203,749
      71,146,884
 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $230,812,195)       $ 233,300,915
 
FOREIGN GOVERNMENT OBLIGATIONS - 55.89%  
Canada - 1.42%      
Province of Quebec, Canada      
5.00% due 12/01/2038 CAD 3,700,000 2,860,027
5.75% due 12/01/2036   2,800,000 2,501,881
9.00% due 06/01/2025   1,400,000 1,806,555
Province of Ontario      
6.20% due 06/02/2031   100,000 90,214
      7,258,677
 
France - 0.57%      
Government of France      
4.00% due 10/25/2038 EUR 1,600,000 2,059,226
4.75% due 04/25/2035   600,000 856,794
      2,916,020
 
Germany - 10.18%      
Federal Republic of Germany      
4.00% due 01/04/2037   600,000 795,437
4.00% due 07/04/2016   300,000 402,898
4.00% due 10/11/2013   2,100,000 2,826,851
4.25% due 07/04/2039   13,000,000 17,986,131
4.75% due 07/04/2034   1,800,000 2,598,741
6.25% due 01/04/2030   4,400,000 7,340,097
6.50% due 07/04/2027   11,900,000 20,120,896
      52,071,051

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Ireland - 1.35%      
Republic of Ireland      
4.40% due 06/18/2019 EUR 5,400,000 $ 6,885,396
Italy - 1.54%      
Republic of Italy      
4.25% due 08/01/2014   6,100,000 7,861,803
Japan - 37.16%      
Government of Japan      
0.90% due 12/20/2012 JPY 2,690,000,000 28,231,602
1.00% due 06/10/2016   681,120,000 5,989,466
1.10% due 12/10/2016   3,023,750,000 26,684,428
1.10% due 09/20/2012   3,560,000,000 37,689,363
1.20% due 03/10/2017   164,800,000 1,463,145
1.20% due 06/10/2017   2,272,600,000 20,038,925
1.20% due 03/20/2012   740,000,000 7,853,888
1.20% due 12/10/2017   297,270,000 2,617,792
1.30% due 03/20/2018   530,000,000 5,540,732
1.50% due 12/20/2017   1,890,000,000 20,169,525
2.40% due 03/20/2034   600,000,000 6,509,463
2.50% due 09/20/2035   540,000,000 5,985,570
2.50% due 06/20/2036   1,780,000,000 19,698,344
2.50% due 03/20/2036   140,000,000 1,549,050
      190,021,293
 
Netherlands - 0.53%      
Kingdom of Netherlands      
4.00% due 01/15/2037 EUR 2,100,000 2,714,660
United Kingdom - 3.14%      
Government of United Kingdom      
4.25% due 03/07/2036 GBP 2,000,000 3,061,136
4.25% due 06/07/2032   6,700,000 10,011,112
4.50% due 12/07/2042   1,400,000 2,281,888
4.75% due 12/07/2038   400,000 680,943
      16,035,079
 
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $275,883,185)      $ 285,763,979
 
CORPORATE BONDS - 46.41%      
Australia - 0.34%      
National Australia Bank, Ltd., EMTN      
3.2525% due 06/19/2017 (b) $ 1,700,000 1,320,621
3.9987% due 06/29/2016 (b)   500,000 401,029
      1,721,650
 
British Virgin Islands - 0.08%      
C10 Capital SPV, Ltd.      
6.722% due 12/01/2049 (b)(h)   800,000 390,536
Canada - 2.26%      
Alcan, Inc.      
6.45% due 03/15/2011   700,000 677,100
Canadian Imperial Bank of Commerce, Series E,    
MTN      
5.25% due 09/16/2010 EUR 3,000,000 3,872,559
Citigroup Finance Canada, Inc., MTN      
5.50% due 05/21/2013 CAD 300,000 212,182
DaimlerChrysler Canada Finance, Inc., MTN      
4.85% due 03/30/2009   700,000 552,019

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Canada (continued)      
Falconbridge, Ltd.      
7.35% due 06/05/2012 $ 3,000,000 $ 2,872,719
Master Credit Card Trust, Series 06-1      
4.38% due 11/21/2009 CAD 1,600,000 1,296,616
Toronto-Dominion Bank, EMTN      
5.375% due 05/14/2015 EUR 1,700,000 2,045,334
      11,528,529
 
Cayman Islands - 2.35%      
Foundation Re II, Ltd.      
8.8988% due 11/26/2010 (b)(h) $ 400,000 384,840
Mitsubishi UFJ Financial Group, Inc., Capital    
Finance 1, Ltd.      
6.346% due 07/29/2049 (b)   1,700,000 1,233,401
Mizuho Finance, Ltd.      
1.835% due 09/28/2049 (b) JPY 200,000,000 2,088,756
Mizuho Financial Group (Cayman), Ltd.      
8.375% due 12/29/2049 $ 2,500,000 2,253,350
MUFG Capital Finance 2, Ltd.      
4.85% due 12/31/2049 (b) EUR 2,500,000 1,984,838
Residential Reinsurance 2007, Ltd., Series CL4    
8.8106% due 06/07/2010 (b)(h) $ 1,900,000 1,827,610
SMFG Preferred Capital      
6.078% due 01/29/2049 (b)(h)   1,700,000 1,213,357
STB Finance Cayman, Ltd.      
1.6963% due 08/12/2049 (b) JPY 100,000,000 1,043,207
      12,029,359
 
Denmark - 0.00%      
Nykredit Realkredit AS, Series IOH      
5.00% due 10/01/2038 (b) DKK 3 1
Realkredit Danmark A/S, Series 83D      
5.00% due 10/01/2038   71 11
      12
 
France - 1.90%      
BNP Paribas Covered Bonds SA, EMTN      
4.75% due 05/28/2013 EUR 1,700,000 2,225,379
CM-CIC Covered Bonds, EMTN      
5.25% due 06/09/2010   1,600,000 2,066,503
Lafarge SA      
6.50% due 07/15/2016 $ 2,000,000 1,442,482
Vivendi      
5.75% due 04/04/2013 (h)   4,300,000 3,987,519
      9,721,883
 
Germany - 0.79%      
Deutsche Bank AG      
4.875% due 05/20/2013   2,500,000 2,396,225
6.00% due 09/01/2017   1,700,000 1,631,713
      4,027,938
 
Ireland - 0.26%      
Osiris Capital PLC, Series D      
9.7525% due 01/15/2010 (b)(h)   500,000 488,550
TransCapitalInvest, Ltd., for OJSC AK Transneft    
8.70% due 08/07/2018 (h)   1,500,000 855,000
      1,343,550

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Italy - 0.13%      
Intesa Sanpaolo SpA, EMTN      
6.375% due 11/12/2017 (b) GBP 450,000 $ 668,879
Japan - 1.34%      
Bank of Tokyo-Mitsubishi UFJ, Ltd., Series E, MTN    
3.50% due 12/16/2015 (b) EUR 600,000 710,862
Mizuho Trust & Banking Company      
2.8813% due 04/27/2009 JPY 100,000,000 1,051,843
Sumitomo Mitsui Banking Corp., Series E, MTN    
1.7713% due 12/31/2049 (b)   100,000,000 1,003,647
1.8162% due 12/31/2049 (b)   100,000,000 1,048,917
1.8438% due 12/01/2049 (b)   300,000,000 3,011,301
      6,826,570
 
Luxembourg - 0.71%      
Gaz Capital SA      
7.343% due 04/11/2013 (h) $ 1,000,000 790,000
8.146% due 04/11/2018 (h)   700,000 448,000
Telecom Italia Capital SA      
3.6725% due 02/01/2011 (b)   3,000,000 2,416,209
      3,654,209
 
Netherlands - 0.09%      
Deutsche Telekom International Finance BV      
8.75 due 06/15/2030   500,000 473,116
Norway - 0.43%      
DnB NOR Boligkreditt, EMTN      
4.50% due 05/16/2011 EUR 1,700,000 2,198,770
South Korea - 0.24%      
Export-Import Bank of Korea, Series E, MTN      
5.75% due 05/22/2013   1,100,000 1,232,806
Spain - 1.89%      
Bankinter SA, Series E, MTN      
5.00% due 05/14/2010   3,600,000 4,634,493
Caja de Ahorros y Monte de Piedad de Madrid, SA    
4.25% due 02/21/2014   2,700,000 3,465,064
Santander US Debt SA Unipersonal      
2.8738% due 11/20/2009 (b)(h) $ 1,600,000 1,576,086
      9,675,643
 
Switzerland - 0.83%      
UBS AG/Stamford Branch, MTN      
5.75% due 04/25/2018   5,000,000 4,242,215
United Kingdom - 1.66%      
Barclays Bank PLC      
6.05% due 12/04/2017 (h)   1,200,000 1,023,600
7.70% due 12/31/2049 (b)(h)   1,000,000 761,840
8.25% due 02/28/2049 GBP 600,000 800,727
Barclays Bank PLC, EMTN      
6.00% due 01/23/2018 EUR 600,000 722,538
HBOS Treasury Services PLC, MTN      
4.59% due 07/17/2009 (b)(h) $ 200,000 199,641
HSBC Holdings PLC      
6.50% due 05/02/2036   2,000,000 1,680,008
Pearson Dollar Finance Two PLC      
6.25% due 05/06/2018 (h)   1,000,000 872,783
Royal Bank of Scotland Group PLC      
7.0916% due 10/29/2049 EUR 3,500,000 2,001,081

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United Kingdom (continued)      
XL Capital Finance PLC      
6.50% due 01/15/2012 $ 600,000 $ 424,774
      8,486,992
 
United States - 31.11%      
ACE INA Holdings, Inc.      
5.875% due 06/15/2014   300,000 267,373
Alcoa, Inc.      
6.00% due 01/15/2012   1,900,000 1,769,875
Allstate Life Global Funding Trusts, MTN      
5.375% due 04/30/2013   1,800,000 1,700,080
American Electric Power Company, Inc.      
5.25% due 06/01/2015   2,000,000 1,751,910
American Express Bank FSB      
5.50% due 04/16/2013   3,700,000 3,279,536
American Express Bank FSB, BKNT      
1.6888% due 06/12/2012 (b)   900,000 738,442
American Express Company      
7.00% due 03/19/2018   4,500,000 4,004,819
American Express Credit Corp., MTN      
1.5375% due 05/18/2009 (b)   1,400,000 1,318,948
4.6588% due 05/27/2010 (b)   700,000 608,958
5.875% due 05/02/2013   1,200,000 1,078,873
American General Finance Corp.      
6.90% due 12/15/2017   2,000,000 795,000
American International Group, Inc.      
8.00% due 05/22/2038 (b) EUR 1,150,000 392,094
8.175% due 05/15/2058 (b)(h) $ 3,600,000 1,215,000
8.25% due 08/15/2018 (h)   1,800,000 1,200,956
American International Group, Inc., MTN      
5.85% due 01/16/2018   2,200,000 1,306,411
American International Group, Inc., Series A3    
4.875% due 03/15/2067 (b) EUR 1,000,000 279,510
Amgen, Inc.      
6.15% due 06/01/2018 $ 3,000,000 2,966,088
Autozone, Inc.      
5.875% due 10/15/2012   500,000 449,838
BAE Systems Holdings, Inc.      
6.40% due 12/15/2011 (h)   700,000 707,413
Bank of America Corp.      
8.125% due 12/29/2049 (b)   4,400,000 3,091,968
Bank of America Corp., Series E, MTN      
4.625% due 02/07/2017 EUR 1,500,000 1,496,263
Bear Stearns Companies, Inc.      
6.95% due 08/10/2012 $ 3,100,000 3,121,071
7.25% due 02/01/2018   4,400,000 4,436,964
BellSouth Corp.      
5.20% due 09/15/2014   600,000 538,362
Boston Scientific Corp.      
6.00% due 06/15/2011   700,000 612,500
Capital One Financial Corp., MTN      
5.70% due 09/15/2011   600,000 507,453
Charter One Bank NA, BKNT      
3.585% due 04/24/2009 (b)   3,250,000 3,193,424
Citigroup Funding, Inc., MTN      
1.3987% due 04/23/2009 (b)   300,000 295,386
Citigroup, Inc.      
5.50% due 04/11/2013   3,400,000 3,094,255
6.00% due 08/15/2017   1,900,000 1,725,057

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United States (continued)      
Citigroup, Inc. (continued)      
6.125% due 11/21/2017 $ 6,600,000 $ 6,032,638
6.125% due 05/15/2018   8,300,000 7,515,111
8.40% due 04/29/2049 (b)   4,300,000 2,537,000
Clorox Company      
5.45% due 10/15/2012   2,000,000 1,952,264
CNA Financial Corp.      
6.00% due 08/15/2011   1,000,000 854,254
Consumers Energy Company      
5.00% due 02/15/2012   900,000 870,214
CVS Caremark Corp.      
5.75% due 08/15/2011   700,000 690,413
D.R. Horton, Inc.      
6.00% due 04/15/2011   800,000 624,000
DaimlerChrysler NA Holding Corp., MTN      
5.75% due 09/08/2011   300,000 240,983
FPL Group Capital, Inc.      
3.6962% due 06/17/2011 (b)   1,200,000 1,212,065
General Electric Capital Corp.      
5.875% due 01/14/2038   5,000,000 4,093,360
6.375% due 11/15/2067 (b)   1,000,000 639,711
General Electric Capital Corp., MTN      
3.0531% due 05/22/2013 (b)   1,900,000 1,637,473
GlaxoSmithKline Capital, Inc.      
5.65% due 05/15/2018   1,900,000 1,831,286
Goldman Sachs Group, Inc.      
5.25% due 06/01/2016 CAD 1,500,000 954,850
5.95% due 01/18/2018 $ 1,300,000 1,049,443
6.15% due 04/01/2018   2,000,000 1,631,798
7.25% due 04/10/2028 GBP 300,000 396,348
Goldman Sachs Group, Inc., Series E, MTN      
5.375% due 02/15/2013 EUR 700,000 791,255
HJ Heinz Finance Company      
6.00% due 03/15/2012 (b) $ 600,000 589,944
Home Depot, Inc.      
5.40% due 03/01/2016   1,000,000 798,303
HSBC Finance Corp.      
5.25% due 01/15/2014   1,700,000 1,549,098
Intuit, Inc.      
5.75% due 03/15/2017   2,000,000 1,437,380
J.C. Penney Company, Inc.      
8.00% due 03/01/2010   700,000 633,783
Johnson Controls, Inc.      
5.25% due 01/15/2011   600,000 548,726
JPMorgan Chase & Company      
6.00% due 01/15/2018   5,400,000 5,211,929
6.40% due 05/15/2038   1,900,000 1,862,921
JPMorgan Chase & Company, MTN      
5.058% due 02/22/2021 (b) CAD 700,000 522,912
JPMorgan Chase Bank NA      
4.375% due 11/30/2021 (b) EUR 500,000 466,785
JPMorgan Chase Capital XX, Series T      
6.55% due 09/29/2036 $ 900,000 652,000
Kinder Morgan Energy Partners LP, MTN      
6.95% due 01/15/2038   2,500,000 1,864,010
Lehman Brothers Holdings, Inc., MTN      
5.625% due 01/24/2013 ^   3,600,000 360,000
6.875% due 05/02/2018 ^   4,200,000 420,000

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United States (continued)      
Loews Corp.      
5.25% due 03/15/2016 $ 200,000 $ 171,462
Masco Corp.      
6.125% due 10/03/2016   700,000 502,967
McKesson Corp.      
5.70% due 03/01/2017   600,000 525,668
Merrill Lynch & Company, Inc., MTN      
2.2225% due 08/14/2009 (b)   300,000 284,007
4.485% due 05/12/2010 (b)   5,500,000 5,091,746
6.875% due 04/25/2018   4,000,000 3,781,364
Metropolitan Life Global Funding I      
5.125% due 04/10/2013 (h)   3,500,000 3,140,659
Morgan Stanley      
4.9525% due 10/18/2016 (b)   600,000 414,450
6.25% due 08/28/2017   300,000 245,397
Morgan Stanley, MTN      
6.00% due 04/28/2015   9,400,000 7,754,831
Motorola, Inc.      
6.00% due 11/15/2017   700,000 486,285
Nabors Industries, Inc.      
6.15% due 02/15/2018   2,000,000 1,731,430
Nationwide Health Properties, Inc.      
6.50% due 07/15/2011   600,000 550,237
Newell Rubbermaid, Inc.      
4.00% due 05/01/2010   600,000 576,216
Nisource Finance Corp.      
5.40% due 07/15/2014   200,000 155,265
Norfolk Southern Corp.      
5.257% due 09/17/2014   2,000,000 1,831,892
Pricoa Global Funding I      
3.565% due 01/30/2012 (b)(h)   3,000,000 2,253,042
3.6063% due 06/26/2012 (b)(h)   2,900,000 2,102,442
Prudential Financial, Inc., MTN      
6.625% due 12/01/2037   2,000,000 1,416,716
Rabobank Capital Funding Trust      
5.254% due 12/29/2049 (b)(h)   1,700,000 1,114,925
Reynolds American, Inc.      
3.5187% due 06/15/2011 (b)   800,000 643,854
Sabre Holdings Corp.      
7.35% due 08/01/2011   700,000 229,250
Sara Lee Corp.      
6.25% due 09/15/2011   500,000 487,060
Sealed Air Corp.      
5.625% due 07/15/2013 (h)   700,000 699,248
Simon Property Group LP      
6.10% due 05/01/2016   1,000,000 688,040
Southwest Airlines Company      
5.125% due 03/01/2017   500,000 372,149
Sprint Capital Corp.      
8.75% due 03/15/2032   200,000 104,000
Sprint Nextel Corp.      
6.00% due 12/01/2016   1,000,000 555,000
State Street Capital Trust IV      
3.8188% due 06/01/2067 (b)   1,800,000 1,010,880
Supervalu, Inc.      
7.50% due 11/15/2014   100,000 78,000
Target Corp.      
7.00% due 01/15/2038   2,100,000 1,660,163

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United States (continued)      
Tate & Lyle International Finance PLC      
5.00% due 11/15/2014 (h) $ 300,000 $ 234,327
Verizon Communications, Inc.      
4.35% due 02/15/2013   4,000,000 3,608,540
Viacom, Inc.      
5.75% due 04/30/2011   600,000 546,745
Virginia Electric & Power Company      
6.35% due 11/30/2037   100,000 86,763
Wachovia Corp., MTN      
5.50% due 05/01/2013   4,200,000 3,980,214
WEA Finance LLC      
7.125% due 04/15/2018 (h)   2,000,000 1,366,588
Wells Fargo & Company      
4.375% due 01/31/2013   1,900,000 1,813,856
Wells Fargo Capital XIII, MTN, Series G      
7.70% due 12/29/2049   2,000,000 1,622,462
WM Covered Bond Program, Series EMTN      
3.875% due 09/27/2011 EUR 3,500,000 4,026,571
Xerox Corp.      
9.75% due 01/15/2009 $ 700,000 695,392
      159,056,187
 
TOTAL CORPORATE BONDS (Cost $289,441,218)   $ 237,278,844
 
MUNICIPAL BONDS - 2.03%      
California - 1.37%      
Golden State Tobacco Securitization Corp.,      
California Tobacco Settlement Revenue, Series    
A      
5.00% due 06/01/2038   4,300,000 3,228,440
Golden State Tobacco Securitization Corp.,      
California Tobacco Settlement Revenue, Series    
A-1      
5.125% due 06/01/2047   300,000 168,639
State of California      
5.00% due 11/01/2037   2,800,000 2,350,600
5.00% due 12/01/2037   1,500,000 1,259,055
      7,006,734
 
Illinois - 0.44%      
Chicago Illinois Transit Authority, Series A      
6.899% due 12/01/2040   2,100,000 1,996,890
Chicago Illinois, Series A      
4.75% due 01/01/2030   300,000 261,606
      2,258,496
 
New York - 0.01%      
New York City Municipal Water Finance Authority,    
Water & Sewer Revenue, Series 1289      
8.248% due 12/15/2013 (b)   130,000 71,937
Ohio - 0.21%      
Buckeye Tobacco Settlement Financing Authority    
5.875% due 06/01/2047   1,700,000 1,047,081
Puerto Rico - 0.00%      
Puerto Rico Sales Tax Financing Corp.      
zero coupon due 08/01/2054    500,000   17,045
TOTAL MUNICIPAL BONDS (Cost $12,864,041)   $ 10,401,293

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 20.87%      
Australia - 1.74%      
Crusade Global Trust, Series 2004-2, Class A2    
4.331% due 11/19/2037 (b) EUR 1,179,681 $ 1,390,731
Puma Finance, Ltd., Series 2004-P10, Class BA    
5.57% due 07/12/2036 (b) AUD 593,408 383,946
Puma Finance, Ltd., Series 2005-P11, Class BA    
6.225% due 08/22/2037 (b)   522,258 331,818
Superannuation Members Home Loans Global    
Fund, Series 2004-7, Class A1      
2.9543% due 03/09/2036 (b) $ 1,525,606 1,339,760
Swan, Series 2006-1E, Class A1      
2.315% due 05/12/2037 (b)   2,197,827 2,135,506
Swan, Series 2006-1E, Class A2      
4.975% due 05/12/2037 (b) AUD 1,978,044 1,263,279
Torrens Trust, Series 2007-1, Class A      
5.41% due 09/19/2014 (b)   3,153,132 2,038,228
      8,883,268
 
Ireland - 0.58%      
German Residential Asset Note Distributor PLC,    
Series 2006-1, Class A      
5.33% due 07/20/2016 (b) EUR 1,240,708 1,356,487
Immeo Residential Finance PLC, Series 2007-2,    
Class A      
5.118% due 12/15/2016 (b)   1,350,647 1,606,881
      2,963,368
 
Italy - 0.14%      
Cordusio RMBS SRL, Series 2007-4, Class A1    
5.202% due 12/31/2040 (b)   300,000 380,240
IntesaBci Sec 2 SRL, Series 2003-1, Class A2    
5.245% due 08/28/2023 (b)   290,880 353,292
      733,532
 
Netherlands - 0.88%      
Atomium Mortgage Finance BV,      
Series 2003-I, Class A      
4.689% due 04/18/2009 (b)   597,920 752,624
Delphinus BV, Series 2001-II, Class A1      
5.255% due 11/28/2031 (b)   1,031,316 1,249,491
Delphinus BV, Series 2003-I, Class A1      
5.201% due 04/25/2093 (b)   1,000,000 1,258,925
Dutch Mortgage Portfolio Loans, BV,      
Series III, Class A      
4.403% due 11/20/2035 (b)   1,062,309 1,227,863
      4,488,903
 
Spain - 0.09%      
Bancaja Fondo de Titulizacion de Activos, Series    
2005-8, Class A      
5.031% due 10/25/2037 (b)   507,964 470,841
United States - 17.44%      
Adjustable Rate Mortgage Trust, Series 2005-5,    
Class 2A1      
5.1345% due 09/25/2035 (b) $ 171,128 87,250
American Home Mortgage Investment Trust, Series    
2007-1, Class GA2      
3.4987% due 05/25/2047 (b)   448,761 121,433
American Home Mortgage Investment Trust,      
Series 2004-3, Class 5A      
4.29% due 10/25/2034 (b)   584,788 404,904

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Banc of America Commercial Mortgage, Inc.,    
Series 2002-2, Class A2      
4.772% due 07/11/2043 $ 1,374,389 $ 1,268,618
Banc of America Funding Corp., Series 2006-A,    
Class 1A1      
4.6252% due 02/20/2036 (b)   1,781,350 1,493,670
Banc of America Funding Corp., Series 2006-J,    
Class 4A1      
6.1287% due 01/20/2047 (b)   238,038 124,276
Banc of America Mortgage Securities,      
Series 2004-4, Class 1A9      
5.00% due 05/25/2034   1,503,408 1,295,073
BCAP LLC Trust, Series 2006-AA2, Class A1    
3.4288% due 01/25/2037 (b)   2,802,964 1,001,101
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2003-5, Class 1A2      
4.487% due 08/25/2033 (b)   145,836 129,745
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2003-7, Class 6A      
4.6443% due 10/25/2033 (b)   288,836 250,936
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2003-9, Class 2A1      
4.5595% due 02/25/2034 (b)   38,297 23,387
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2004-2, Class 22A      
4.4193% due 05/25/2034 (b)   469,327 329,015
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2004-2, Class 23A      
4.6298% due 05/25/2034 (b)   184,170 180,625
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-2, Class A1      
4.125% due 03/25/2035 (b)   2,958,239 2,507,618
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-2, Class A2      
4.125% due 03/25/2035 (b)   1,084,085 853,042
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-5, Class A1      
4.13% due 08/25/2035 (b)   1,527,349 1,281,890
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-5, Class A2      
4.55% due 08/25/2035 (b)   1,692,660 1,392,221
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-9, Class A1      
4.625% due 10/25/2035 (b)   3,190,083 2,395,107
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1    
5.4955% due 09/25/2036 (b)   2,157,626 1,438,360
Bear Stearns Alt-A Trust, Series 2005-9, Class 24A1    
5.5773% due 11/25/2035 (b)   1,121,853 766,631
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1    
1.555% due 02/25/2034 (b)   103,435 48,650
Bear Stearns Alt-A Trust, Series 2006-6, Class 31A1    
5.7699% due 11/25/2036 (b)   2,520,585 1,081,124
Bear Stearns Alt-A Trust, Series 2006-6, Class 32A1    
5.7561% due 10/25/2036 (b)   1,918,337 801,103
Bear Stearns Structured Products, Inc., Series    
2007-R6, Class 1A1      
6.7054% due 01/26/2036 (b)   1,165,931 729,091

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      
1.7025% due 05/20/2045 (b) $ 810,889 $ $ 394,988
Citigroup Commercial Mortgage Trust, Series    
2007-C6, Class A3B      
5.8885% due 02/10/2017 (b)   900,000 588,601
Citigroup Mortgage Loan Trust, Inc., Series      
2005-11, Class 1A1      
4.90% due 12/25/2035 (b)   468,106 376,802
Citigroup Mortgage Loan Trust, Inc., Series      
2005-11, Class A2A      
4.70% due 12/25/2035   2,257,782 1,800,145
Citigroup Mortgage Loan Trust, Inc., Series      
2005-12, Class 2A1      
4.0587% due 08/25/2035 (b)   1,147,243 951,015
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,    
Class A1      
4.7475% due 08/25/2035 (b)   876,900 730,259
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,    
Class A2      
4.2475% due 08/25/2035 (b)   963,076 787,284
Commercial Mortgage Pass Through      
Certificates, Series 2006-CN2A, Class A2FL    
2.5775% due 02/05/2019 (b)(h)   2,600,000 2,091,894
Countrywide Alternative Loan Trust, Series      
2005-21CB, Class A3      
5.25% due 06/25/2035   292,506 189,738
Countrywide Alternative Loan Trust, Series      
2005-56, Class 2A2      
4.705% due 11/25/2035 (b)   125,768 64,793
Countrywide Alternative Loan Trust, Series      
2005-56, Class 2A3      
4.165% due 11/25/2035 (b)   125,682 63,392
Countrywide Alternative Loan Trust, Series      
2006-OA19, Class A1      
1.6325% due 02/20/2047 (b)   2,349,165 973,808
Countrywide Alternative Loan Trust, Series      
2007-11T1, Class A12      
3.6088% due 05/25/2037 (b)   530,109 214,658
Countrywide Alternative Loan Trust, Series      
2007-16CB, Class 5A1      
6.25% due 08/25/2037   257,995 151,224
Countrywide Alternative Loan Trust, Series      
2007-7T2, Class A9      
6.00% due 04/25/2037   428,616 266,490
Countrywide Alternative Loan Trust, Series      
2007-OA7, Class A1A      
3.4388% due 05/25/2047 (b)   2,494,869 950,544
Countrywide Alternative Loan Trust,      
Series 2005-11CB, Class 2A8      
4.50% due 06/25/2035   731,268 710,274
Countrywide Alternative Loan Trust,      
Series 2005-81, Class A1      
1.675% due 02/25/2037 (b)   4,424,249 1,764,864
Countrywide Alternative Loan Trust,      
Series 2006-OA1, Class 2A1      
1.6625% due 03/20/2046 (b)   1,492,137 620,792

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Countrywide Home Loan Mortgage Pass Through    
Trust, Series 2004-12, Class 11A1      
4.7229% due 08/25/2034 (b) $ 110,101 $ 66,468
Countrywide Home Loan Mortgage Pass Through    
Trust, Series 2004-22, Class A3      
4.7919% due 11/25/2034 (b)   343,740 189,940
Countrywide Home Loan Mortgage Pass Through    
Trust, Series 2005-R2, Class 1AF1      
3.5987% due 06/25/2035 (b)(h)   152,556 118,640
Countrywide Home Loan Mortgage      
Pass Through Trust, Series 2005-HYB9,      
Class 5A1      
5.25% due 02/20/2036 (b)   648,611 272,312
Countrywide Home Loans,      
Series 2004-12, Class 12A1      
4.7054% due 08/25/2034 (b)   1,075,739 683,070
Countrywide Home Loans,      
Series 2004-25, Class 1A1      
3.5887% due 02/25/2035 (b)   289,107 132,177
Countrywide Home Loans,      
Series 2004-25, Class 2A1      
1.735% due 02/25/2035 (b)   342,589 177,453
Countrywide Home Loans,      
Series 2005-HYB9, Class 3A2A      
5.25% due 11/20/2025 (b)   728,287 386,363
CS First Boston Mortgage Securities Corp., Series    
2003-AR18, Class 2A3      
5.0622% due 07/25/2033 (b)   38,042 32,489
CS First Boston Mortgage Securities Corp., Series    
2003-AR20, Class 2A1      
4.5557% due 08/25/2033 (b)   385,820 315,739
Federal Home Loan Mortgage Corp., Series T-63,    
Class 1A1      
3.8643% due 02/25/2045 (b)   314,159 280,407
Federal Home Loan Mortgage Corp.,      
Series 2003-2631, Class PC      
4.50% due 03/15/2016   5,294,655 5,370,959
Federal Home Loan Mortgage Corp.,      
Series 2004-2770, Class YW      
4.00% due 06/15/2022   231,013 230,673
Federal Home Loan Mortgage Corp.,      
Series 2004-2895, Class F      
1.7725% due 06/15/2031 (b)   637,118 618,718
Federal Home Loan Mortgage Corp.,      
Series 2005-2987, Class HD      
4.50% due 07/15/2018   3,311,532 3,342,485
Federal Home Loan Mortgage Corp.,      
Series 2006-3117, Class PN      
5.00% due 11/15/2021   423,791 427,184
Federal National Mortgage Association, Series    
2003-W6, Class F      
1.745% due 09/25/2042 (b)   696,360 684,618
Federal National Mortgage Association, Series    
2005-120, Class NF      
1.495% due 01/25/2021 (b)   415,857 406,968
Federal National Mortgage Association, Series    
2006-15, Class FC      
3.3888% due 03/25/2036 (b)   1,122,249 959,862

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Federal National Mortgage Association, Series    
2006-16, Class FC      
3.5587% due 03/25/2036 (b) $ 2,273,761 $ 2,168,054
Federal National Mortgage Association, Series    
2006-5, Class 3A2      
4.6651% due 02/25/2036 (b)   1,039,637 1,097,590
First Horizon Asset Securities, Inc., Series      
2003-AR2, Class 2A1      
4.4283% due 07/25/2033 (b)   93,086 89,382
First Horizon Asset Securities, Inc., Series      
2003-AR4, Class 2A1      
4.7587% due 12/25/2033 (b)   232,833 182,757
First Horizon Asset Securities, Inc., Series      
2005-AR3, Class 2A1      
5.3544% due 08/25/2035 (b)   171,695 121,429
First Republic Mortgage Loan Trust,      
Series 2001-FRB1, Class A      
1.7725% due 11/15/2031 (b)   383,331 285,486
GMAC Mortgage Corp. Loan Trust, Series      
2004-AR1, Class 22A      
4.2732% due 06/25/2034 (b)   28,344 13,988
GMAC Mortgage Corp. Loan Trust,      
Series 2004-J4, Class A1      
5.50% due 09/25/2034   905,043 864,016
Greenpoint Mortgage Funding Trust, Series      
2006-AR6, Class A1A      
1.475% due 10/25/2046 (b)   1,960,048 1,560,755
Greenpoint Mortgage Pass-Through Certificates,    
Series 2003-1, Class A1      
5.5088% due 10/25/2033 (b)   23,460 18,439
GS Mortgage Securities Corp., Series 2003-1,    
Class A2      
2.095% due 01/25/2032 (b)   342,929 284,338
GSR Mortgage Loan Trust, Series 2003-1, Class A2    
4.4962% due 03/25/2033 (b)   246,041 205,688
Harborview Mortgage Loan Trust, Series 2003-1,    
Class A      
5.156% due 05/19/2033 (b)   396,139 285,667
Harborview Mortgage Loan Trust, Series 2005-4,    
Class 3A1      
5.1452% due 07/19/2035 (b)   54,005 29,338
Harborview Mortgage Loan Trust, Series 2006-1,    
Class 2A1A      
1.7138% due 03/19/2037 (b)   1,540,238 647,637
Harborview Mortgage Loan Trust, Series 2006-12,    
Class 2A11      
1.5638% due 01/19/2038 (b)   1,030,362 915,207
Harborview Mortgage Loan Trust,      
Series 2006-12, Class 2A2A      
1.6638% due 01/19/2038   2,337,176 931,793
Impac Secured Assets Corp., Series 2006-4, Class    
A2A      
3.3388% due 01/25/2037 (b)   1,102,023 1,016,280
Indymac Index Mortgage Loan Trust, Series      
2004-AR11, Class 2A      
5.0558% due 12/25/2034 (b)   94,114 64,560
JPMorgan Alternative Loan Trust, Series 2006-A6,    
Class 2A1      
5.50% due 11/25/2036 (b)   722,969 563,537

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
JPMorgan Mortgage Trust, Series 2003-A2, Class    
3A1      
4.3711% due 11/25/2033 (b) $ 287,218 $ 220,023
JPMorgan Mortgage Trust, Series 2005-A1, Class    
6T1      
5.0246% due 02/25/2035 (b)   551,771 394,568
JPMorgan Mortgage Trust,      
Series 2004-S1, Class 1A3      
4.50% due 08/25/2019   1,536,929 1,461,082
Mastr Adjustable Rate Mortgages Trust, Series    
2004-6, Class 4A4      
4.1344% due 07/25/2034 (b)   153,334 143,718
Mellon Residential Funding Corp., Series      
2000-TBC3, Class A1      
1.8625% due 12/15/2030 (b)   1,049,019 842,232
Merrill Lynch Mortgage Investors, Inc., Series    
2003-A2, Class 1A1      
5.928% due 02/25/2033 (b)   137,742 126,768
Merrill Lynch Mortgage Investors, Inc., Series    
2005-2, Class 1A      
4.78% due 10/25/2035 (b)   1,408,004 1,065,025
Merrill Lynch Mortgage Investors, Inc., Series    
2005-A8, Class A3A2      
3.5087% due 08/25/2036 (b)   232,186 112,627
Merrill Lynch Mortgage Investors, Inc.,      
Series 2003-C, Class A1      
3.5888% due 06/25/2028 (b)   646,272 445,772
Merrill Lynch Mortgage Trust,      
Series 2004-BPC1, Class A1      
3.585% due 10/12/2041   232,953 228,647
Merrill Lynch/Countrywide Commercial Mortgage    
Trust, Series 2007-5, Class A4      
5.378% due 08/12/2048   900,000 573,839
Merrill Lynch/Countrywide Commercial Mortgage    
Trust, Series 2007-8, Class A3      
6.1558% due 08/12/2049 (b)   2,000,000 1,318,023
Puma Finance, Ltd., Series 2006-G5, Class A1    
2.2425% due 02/21/2038 (b)   1,767,500 1,673,296
Residential Accredit Loans, Inc., Series 2006-QO6,    
Class A1      
3.4388% due 06/25/2046 (b)   2,756,407 1,155,686
Residential Accredit Loans, Inc., Series 2007-QO2,    
Class A1      
3.4088% due 02/25/2047 (b)   630,366 212,135
Residential Accredit Loans, Inc.,      
Series 2006-QO3, Class A1      
3.4688% due 04/25/2046 (b)   1,764,948 754,748
Residential Asset Securitization Trust, Series    
2005-A15, Class 5A1      
5.75% due 02/25/2036   366,933 285,503
Residential Asset Securitization Trust, Series    
2006-R1, Class A2      
3.6588% due 01/25/2046 (b)   715,856 386,947
Residential Funding Mortgage Securities I, Series    
2005-SA4, Class 1A21      
5.2066% due 09/25/2035 (b)   204,106 124,495
Sequoia Mortgage Trust, Series 5, Class A      
1.8238% due 10/19/2026 (b)   254,105 202,802

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Structured Adjustable Rate Mortgage Loan Trust,    
Series 2004-1, Class 4A1      
4.18% due 02/25/2034 (b) $ 197,725 $ 120,537
Structured Adjustable Rate Mortgage Loan Trust,    
Series 2004-1, Class 4A2      
4.58% due 02/25/2034 (b)   1,087,490 682,475
Structured Adjustable Rate Mortgage Loan Trust,    
Series 2004-12, Class 7A1      
5.21% due 09/25/2034 (b)   889,222 684,808
Structured Adjustable Rate Mortgage Loan Trust,    
Series 2004-19, Class 2A1      
3.879% due 01/25/2035 (b)   852,486 426,363
Structured Adjustable Rate Mortgage Loan Trust,    
Series 2004-4, Class 3A2      
4.59% due 04/25/2034 (b)   428,593 246,411
Structured Asset Mortgage Investments, Inc.,    
Series 2006-AR3, Class 12A1      
3.4787% due 05/25/2036 (b)   2,044,543 829,277
Thornburg Mortgage Securities Trust, Series    
2006-5, Class A1      
1.515% due 08/25/2036 (b)   1,964,595 1,624,240
Wachovia Bank Commercial Mortgage Trust,    
Series 2005-C17, Class APB      
5.037% due 03/15/2042   1,700,000 1,392,203
WaMu Mortgage Pass Through Certificates, Series    
2003-AR9, Class 1A5      
4.5687% due 09/25/2033 (b)   1,029,240 1,008,965
WaMu Mortgage Pass Through Certificates, Series    
2003-AR9, Class 1A6      
4.5687% due 09/25/2033 (b)   4,000,000 3,317,276
WaMu Mortgage Pass Through Certificates, Series    
2004-AR9, Class A7      
4.1357% due 08/25/2034 (b)   1,500,000 1,429,810
WaMu Mortgage Pass Through Certificates, Series    
2006-AR19, Class 1A      
3.405% due 01/25/2047 (b)   665,695 232,020
WaMu Mortgage Pass-Through Certificates, Series    
2002-AR17, Class 1A      
3.865% due 11/25/2042 (b)   461,128 378,831
WaMu Mortgage Pass-Through Certificates, Series    
2003-AR5, Class A7      
4.5604% due 06/25/2033 (b)   130,624 117,439
WaMu Mortgage Pass-Through Certificates, Series    
2005-AR13, Class A1A1      
1.685% due 10/25/2045 (b)   205,546 83,517
WaMu Mortgage Pass-Through Certificates, Series    
2005-AR2, Class 2A1A      
1.705% due 01/25/2045 (b)   351,266 177,778
WaMu Mortgage Pass-Through Certificates, Series    
2005-AR6, Class 2A1A      
1.6258% due 04/25/2045 (b)   595,699 240,639
WaMu Mortgage Pass-Through Certificates, Series    
2006-AR17, Class 1A1A      
3.475% due 12/25/2046 (b)   495,430 209,830
WaMu Mortgage Pass-Through Certificates, Series    
2006-AR3, Class A1A      
3.665% due 02/25/2046 (b)   1,141,810 480,778

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
WaMu Mortgage Pass-Through Certificates,    
Series 2003-R1, Class A1      
3.7987% due 12/25/2027 (b) $ 1,077,446 $ 900,373
Washington Mutual Alternative Mortgage    
Pass-Through Certificates, Series 2006-AR5,    
Class 3A      
3.605% due 07/25/2046 (b)   467,780 164,636
Wells Fargo Mortgage Backed Securities Trust,    
Series 2004-S, Class A1      
3.6206% due 09/25/2034 (b)   1,987,951 1,495,641
Wells Fargo Mortgage Backed Securities Trust,    
Series 2006-AR2, Class 2A1      
4.95% due 03/25/2036 (b)   2,234,481 1,449,804
      89,160,488
 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $143,456,371)       $ 106,700,400
 
ASSET BACKED SECURITIES - 8.32%    
Ireland - 0.63%      
Cars Alliance Funding PLC, Series 2007-1, Class A    
5.465% due 10/08/2023 (b) EUR 1,700,000 1,975,895
SC Germany Auto, Series 2007-1, Class A    
4.085% due 08/11/2015 (b)   1,022,052 1,258,097
      3,233,992
 
Italy - 0.21%      
Locat Securitisation Vehicle Srl, Series 2006-4,    
Class A2      
5.119% due 12/12/2028 (b)   900,000 1,039,774
Luxembourg - 0.27%      
Silver Arrow SA, Series 2006-2, Class A    
3.939% due 08/15/2014 (b)   1,091,907 1,370,481
United States - 7.21%      
Access Group, Inc., Series 2008-1, Class A    
4.835% due 10/27/2025 (b) $ 2,700,000 2,482,361
ACE Securities Corp.,      
Series 2006-ASP4, Class A2A      
3.3087% due 08/25/2036 (b)   235,056 231,064
ACE Securities Corp., Series 2006-NC1, Class A2B    
3.4087% due 12/25/2035 (b)   1,218,928 1,159,795
American Express Credit Account Master Trust,    
Series 2006-A, Class A      
1.4125% due 08/15/2011 (b)   2,000,000 1,986,758
Argent Securities, Inc., Series 2006-M2, Class A2A    
1.445% due 09/25/2036 (b)   439,949 429,886
BA Credit Card Trust, Series 2006-A9, Class A9    
1.4325% due 02/15/2013 (b)   3,400,000 3,071,032
Capital Auto Receivables Asset Trust, Series    
2008-2, Class A2B      
2.3425% due 03/15/2011 (b)   500,000 482,738
Chase Issuance Trust, Series 2008-A13, Class A13    
4.3187% due 09/15/2015 (b)   5,700,000 4,742,835
Citigroup Commercial Mortgage Trust, Series    
2006-FL2, Class A1      
1.4925% due 10/01/2036 (b)(h)   21,193 16,926

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
United States (continued)      
Countrywide Asset-Backed Certificates,      
Series 2006-25, Class 2A1      
1.465% due 06/25/2037 (b) $ 1,583,530 $ 1,464,873
First Franklin Mortgage Loan Asset Backed      
Certificates, Series 2006-FF15, Class A3      
1.445% due 11/25/2036 (b)   1,326,286 1,192,932
First Franklin Mortgage Loan Asset Backed      
Certificates, Series 2006-FF18, Class A2A    
3.3288% due 12/25/2037 (b)   1,314,801 1,234,256
Ford Credit Auto Owner Trust, Series 2008-C,    
Class A2B      
2.3225% due 01/15/2011 (b)   1,700,000 1,644,549
Franklin Auto Trust, Series 2008-A, Class A2    
2.4525% due 10/20/2011 (b)   1,689,411 1,635,283
GSAMP Trust, Series 2006-SD1, Class A1      
3.3788% due 12/25/2035 (b)(h)   4,427 4,427
GSR Mortgage Loan Trust, Series 2005-HEL1,    
Class A2A      
1.495% due 11/25/2030 (b)   13,725 13,524
Honda Auto Receivables Owner Trust, Series    
2008-1, Class A2      
3.77% due 09/20/2010   1,700,000 1,663,514
HSI Asset Securitization Corp. Trust, Series      
2006-HE2, Class 2A1      
1.445% due 12/25/2036 (b)   1,454,795 1,269,576
JPMorgan Chase Commercial Mortgage Securities    
Corp, Series 2006-CB17, Class A4      
5.429% due 12/12/2043   1,100,000 695,678
JPMorgan Mortgage Acquisition Corp., Series    
2006-WMC3, Class A2      
1.445% due 08/25/2036 (b)   633,792 595,242
Lehman Brothers Floating Rate Commercial      
Mortgage Trust, Series 2006-LLFA, Class A1    
1.5025% due 09/15/2021 (b)(h)   332,877 205,152
Lehman Brothers-UBS      
Commercial Mortgage Trust,      
Series 2003-C1, Class A2      
3.323% due 03/15/2027   81,834 81,252
Long Beach Mortgage Loan Trust, Series 2004-4,    
Class 1A1      
1.675% due 10/25/2034 (b)   134,514 81,948
Mid-State Trust, Series 1995-4, Class A      
8.33% due 04/01/2030   1,510,760 1,305,821
Morgan Stanley Capital I, Series 2006-NC2, Class    
A2B      
3.3788% due 02/25/2036 (b)   995,371 974,436
Nelnet Student Loan Trust, Series 2008-4, Class A1    
4.065% due 04/27/2015 (b)   1,694,131 1,678,903
Nomura Asset Acceptance Corp., Series 2006-S1,    
Class A1      
3.3988% due 01/25/2036 (b)(h)   63,563 50,031
Residential Asset Mortgage Products, Inc., Series    
2006-RZ5, Class A1A      
3.3587% due 08/25/2046 (b)   935,461 863,067
Residential Asset Securities Corp., Series      
2006-KS9, Class AI1      
1.465% due 11/25/2036 (b)   657,590 630,166
SACO I, Inc., Series 2005-10, Class 1A      
3.5188% due 11/25/2033 (b)   571,911 319,669

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
United States (continued)      
SLM Student Loan Trust, Series 2003-6, Class A4    
3.0187% due 12/17/2018 (b) $ 516,613 $ 479,758
Soundview Home Equity Loan Trust, Series      
2006-EQ1, Class A1      
1.445% due 10/25/2036 (b)   59,712 59,052
Soundview Home Equity Loan Trust, Series      
2006-EQ2, Class A1      
3.3388% due 01/25/2037 (b)   775,715 732,837
Structured Asset Securities Corp., Series 2006-11,    
Class A1      
5.0336% due 10/25/2035 (b)(h)   736,814 455,239
Wachovia Bank Commercial Mortgage Trust,    
Series 2006-C28, Class A4      
5.572% due 10/15/2048 (b)   3,000,000 1,978,162
Wells Fargo Home Equity Trust,      
Series 2005-2, Class AI1A      
3.4887% due 10/25/2035 (b)(h)   522,543 490,278
Wells Fargo Home Equity Trust,      
Series 2005-3, Class AII2      
3.4987% due 11/25/2035 (b)(h)   490,310 474,326
      36,877,346
 
TOTAL ASSET BACKED SECURITIES      
(Cost $48,737,770)       $ 42,521,593
 
PREFERRED STOCKS - 0.76%      
United States - 0.76%      
Bank of America Corp., 8.00%    5,600,000   3,889,066
TOTAL PREFERRED STOCKS (Cost $5,648,000)   $ 3,889,066
 
TERM LOANS - 0.80%      
United States - 0.80%      
Chrysler Financial      
6.82% due 08/03/2012 (b)   3,933,049 2,077,960
Ford Motor Company, Term B      
4.43% due 11/29/2013   982,500 386,329
Georgia Pacific Corp.      
4.6924% due 12/20/2012 (b)   935,142 703,694
HCA, Inc., Tranche B      
6.0119% due 11/16/2013 (b)   1,277,250 953,813
      4,121,796
 
TOTAL TERM LOANS (Cost $6,992,052)     $ 4,121,796
 
OPTIONS - 3.61%      
Germany - 0.00%      
EUREX American Call on Euro-Bobl Futures    
Expiration 02/20/2009 at $135.00 *   8,200,000 521
EUREX American Call on Euro-Shatz Futures    
Expiration 01/23/2009 at $116.00 *   500,000 32
EUREX American Put on Euro-Bund Futures    
Expiration 02/20/2009 at $103.00 *   900,000 114
Over The Counter European Purchase Put Option    
on the EUR vs. USD      
Expiration 12/15/2008 at $0.80 *   1,000,000 0
      667

Global Bond Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
OPTIONS (continued)    
United States - 3.61%    
Chicago Board of Trade American Purchase Call    
on U.S. Treasury Note 10 yrs. Futures    
Expiration 01/23/2009 at $142.00 * 88,000 $ 1,375
Chicago Board of Trade American Purchase Put on    
U.S. Treasury Bond Futures    
Expiration 02/20/2009 at $71.00 * 330,000 5,156
Chicago Board of Trade American Purchase Put on    
U.S. Treasury Note 10 yrs. Futures    
Expiration 02/20/2009 at $75.00 * 96,000 1,500
Over The Counter European Purchase Call on    
FNMA TBA, 6.50%    
Expiration 12/04/2008 at $107.50 * 13,000,000 0
Over The Counter European Purchase Call on    
Treasury Note, 3.25%    
Expiration 02/06/2009 at $102.875 * 41,500,000 1
Expiration 03/13/2009 at $104.00 * 42,000,000 1
Over The Counter European Purchase Call on    
Treasury Note, 4.50%    
Expiration 12/12/2008 at $117.50 * 15,600,000 0
Over The Counter European Purchase Call Option    
on the USD vs. JPY    
Expiration 03/17/2010 at $103.80 * 8,000,000 96,080
Over The Counter European Purchase Put on FG    
TBA, 5.00%    
Expiration 12/04/2008 at $72.00 * 4,900,000 0
Over The Counter European Purchase Put on FG    
TBA, 5.50%    
Expiration 01/06/2009 at $60.25 * 1,500,000 0
Over The Counter European Purchase Put on FG    
TBA, 6.00%    
Expiration 12/04/2008 at $80.00 * 13,700,000 0
Over The Counter European Purchase Put on    
FNMA TBA, 5.00%    
Expiration 01/06/2009 at $45.00 * 65,000,000 3
Expiration 12/04/2008 at $72.00 * 26,000,000 0
Expiration 12/09/2008 at $75.00 * 1,500,000 0
Over The Counter European Purchase Put on    
FNMA TBA, 5.50%    
Expiration 12/04/2008 at $75.00 * 30,100,000 0
Expiration 12/04/2008 at $75.00 * 38,000,000 1
Over The Counter European Purchase Put on    
FNMA TBA, 6.00%    
Expiration 12/04/2008 at $81.00 * 15,000,000 0
Over The Counter European Purchase Put on    
FNMA TBA, 6.50%    
Expiration 12/04/2008 at $90.00 * 21,000,000 0
Over The Counter European Purchase Put on    
GNMA TBA, 6.00%    
Expiration 12/11/2008 at $81.00 * 16,000,000 0
Over The Counter European Purchase Put on    
GNMA TBA, 6.50%    
Expiration 01/14/2009 at $58.00 * 6,000,000 0
Expiration 01/14/2009 at $84.00 * 26,000,000 0
Expiration 12/11/2008 at $86.00 * 16,000,000 0
Over The Counter European Purchase Put Option    
on the USD vs. JPY    
Expiration 03/17/2010 at $103.80 * 8,000,000 936,240
Over The Counter European Style Call on    
USD-LIBOR Rate Swaption    
Expiration 08/03/2009 at $3.45 * 10,100,000 251,855

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
OPTIONS (continued)      
United States (continued)      
Over The Counter European Style Call on      
USD-LIBOR Rate Swaption (continued)      
Expiration 08/03/2009 at $3.45 *   61,200,000 $ 1,526,089
Expiration 08/03/2009 at $3.45 *   9,200,000 229,412
Expiration 08/03/2009 at $3.50 *   126,700,000 3,257,711
Expiration 08/03/2009 at $3.85 *   33,300,000 1,044,734
Expiration 07/06/2009 at $4.25 *   48,900,000 1,897,462
Expiration 09/08/2009 at $4.75 *   57,800,000 2,684,469
Expiration 08/28/2009 at $5.00 *   37,000,000 1,891,684
Expiration 08/28/2009 at $5.00 *   74,100,000 3,788,481
Expiration 08/28/2009 at $5.00 *   16,200,000 828,251
           18,440,505
TOTAL OPTIONS (Cost $5,750,971)     $ 18,441,172
 
REPURCHASE AGREEMENTS - 4.74%      
JPMorgan Chase & Company      
Tri-Party Repurchase Agreement      
dated 11/28/2008 at 0.35% to be      
repurchased at $24,250,707 on      
12/01/2008, collateralized by      
$22,740,000 Federal Home Loan      
Mortgage Corp., 4.5% due      
07/15/2013 (valued at      
$24,454,028, including interest)      
and $190,000 Federal National      
Mortgage Association, 3.875% due      
07/12/2013 (valued at $199,313,      
including interest) $ 24,250,000 $ 24,250,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $24,250,000)      $ 24,250,000
 
SHORT TERM INVESTMENTS - 7.01%      
Bank Scotland PLC      
2.90% due 12/01/2008 $ 12,000,000 $ 12,000,000
Goldman Sachs Group, Inc., Discount Note      
3.25% due 01/22/2009   3,100,000 3,085,447
U.S. Treasury Bills      
zero coupon due 12/11/2008 to      
02/26/2009   20,520,000 20,517,247
UBS Finance Delaware LLC      
0.50% due 12/01/2008    250,000   250,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $35,852,694)      $ 35,852,694
Total Investments (Global Bond Fund)      
(Cost $1,079,688,497) - 196.07%   $ 1,002,521,752
Liabilities in Excess of Other Assets - (96.07)%   (491,224,372)
TOTAL NET ASSETS - 100.00%   $ 511,297,380
 
Schedule of Securities Sold Short    
    Shares or  
    Principal  
    Amount Value
 
FEDERAL NATIONAL MORTGAGE      
ASSOCIATION - 45.62%      
Federal National Mortgage Association      
5.50%, TBA ** $ 35,000,000 $ 35,585,158

    Shares or  
    Principal  
    Amount Value
 
FEDERAL NATIONAL MORTGAGE      
ASSOCIATION (continued)      
Federal National Mortgage Association      
(continued)      
6.00%, TBA ** $ 1,000,000 $ 1,022,656
TOTAL FEDERAL NATIONAL MORTGAGE    
ASSOCIATION (Proceeds $36,034,375)        $ 36,607,814
 
GOVERNMENT NATIONAL MORTGAGE    
ASSOCIATION - 1.28%      
Government National Mortgage Association      
6.50%, due 07/15/2038   128,882 $ 131,822
6.50%, due 09/15/2038   871,118 $ 890,990
TOTAL GOVERNMENT NATIONAL      
MORTGAGE      
ASSOCIATION (Proceeds $1,034,843)     $ 1,022,812
 
U.S. TREASURY NOTES - 53.10%      
U.S. Treasury Notes      
3.25%, due 12/31/2009    41,500,000    42,612,075
TOTAL U.S. TREASURY      
NOTES (Proceeds $42,551,453)        42,612,075
Total Securities Sold Short (Global Bond Fund)    
(Proceeds $79,620,672)     80,242,701
 
 
 
Global Real Estate Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 97.42%      
Australia - 10.64%      
Abacus Property Group   137,848 $ 25,023
Aspen Group, Ltd.   1,314,294 494,153
Becton Property Group   517,973 27,528
CFS Gandel Retail Trust   2,959,734 4,107,162
Charter Hall Group, Ltd.   1,265,792 250,149
Commonwealth Property Office Fund, Ltd.   2,136,034 1,856,296
Compass Hotel Group, Ltd. *   98,375 16,008
Dexus Property Group, REIT   3,904,781 2,155,969
General Property Trust, Ltd.   3,055,068 1,899,904
ING Industrial Fund   705,573 203,918
Macquarie CountryWide Trust   1,502,721 288,714
Macquarie Goodman Group, Ltd.   3,442,669 2,204,084
Macquarie Leisure Trust Group   508,864 372,529
Macquarie Office Trust   1,092,888 217,036
Mirvac Group, Ltd.   1,657,412 1,515,861
Stockland Company, Ltd.   1,604,395 4,718,116
Valad Property Group   598,356 21,782
Westfield Group   2,286,447 22,657,703
      43,031,935
Austria - 0.29%      
Conwert Immobilien Invest AG *   225,000 1,168,802
Brazil - 0.09%      
Iguatemi Empresa de Shopping Centers SA   91,900 358,322
Canada - 1.67%      
Allied Properties Real Estate Investment Trust 149,550 1,496,465

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
Brookfield Properties Corp. 213,720 $ 1,564,430
Chartwell Seniors Housing Real Estate    
Investment Trust 82,200 308,200
Extendicare Real Estate Investment Trust * 402,250 1,427,109
RioCan Real Estate Investment Trust * 162,900 1,943,977
    6,740,181
Finland - 0.42%    
Sponda Oyj 180,192 575,301
Technopolis Oyj 300,000 1,124,149
    1,699,450
France - 4.14%    
Fonciere Des Regions 34,000 1,946,096
ICADE 20,000 1,273,511
Societe de la Tour Eiffel 20,000 1,041,291
Unibail-Rodamco, REIT 93,000 12,497,223
    16,758,121
Guernsey - 0.11%    
Camper & Nicholsons Marina Investments, Ltd. * 1,200,000 433,702
Hong Kong - 12.24%    
China Overseas Land & Investment, Ltd. 5,608,166 7,330,029
China Resources Land, Ltd. 2,461,000 2,858,064
Hang Lung Properties, Ltd. 2,211,592 4,800,727
Henderson Land Development Company, Ltd. 1,030,000 3,533,007
Kerry Properties, Ltd. 670,803 1,492,685
Link, REIT 4,558,000 8,728,968
New World China Land, Ltd. 2,872,000 583,266
New World Development Company, Ltd. 3,719,863 2,958,886
Sino Land Company, Ltd. 396,000 294,460
Sun Hung Kai Properties, Ltd. 2,122,173 16,938,074
    49,518,166
Japan - 17.52%    
Aeon Mall Company, Ltd. 200,300 4,227,917
Japan Real Estate Investment Corp., REIT 972 8,618,811
Japan Retail Fund Investment Corp., REIT 633 2,384,446
Mitsubishi Estate Company, Ltd. 1,431,000 21,346,543
Mitsui Fudosan Company, Ltd. 1,164,000 17,946,717
Nippon Building Fund, Inc., REIT 927 9,201,632
Sumitomo Realty &    
Development Company, Ltd. 488,000 7,173,137
    70,899,203
Netherlands - 1.21%    
Corio NV 85,000 3,882,862
NR Nordic and Russia Properties, Ltd. * 1,750,000 332,695
ProLogis European Properties * 362,032 695,863
    4,911,420
Norway - 0.04%    
Scandinavian Property Development ASA * 120,590 143,658
Singapore - 3.45%    
Ascendas India Trust * 2,899,959 834,424
Ascendas, REIT * 1,786,958 1,765,492
Capitaland, Ltd. 2,246,000 4,150,750
CapitaMall Trust * 1,559,000 1,763,275
City Developments, Ltd. 302,000 1,168,269

Global Real Estate Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Singapore (continued)    
Hong Kong Land Holdings, Ltd. 1,782,000 $ 4,292,319
    13,974,529
Sweden - 0.60%    
Hufvudstaden AB 225,000 1,289,030
Klovern AB 371,358 603,192
Lennart Wallenstam Byggnads AB, Series B 75,000 514,915
    2,407,137
United Kingdom - 8.15%    
Aseana Properties, Ltd. * 977,786 257,457
Big Yellow Group PLC 275,000 897,629
British Land Company PLC 600,000 4,856,998
Brixton PLC 240,000 445,309
Capital & Regional PLC 1,000,000 1,176,440
Derwent Valley Holdings PLC 220,000 2,361,995
Equest Balkan Properties PLC * 647,078 336,780
Great Portland Estates PLC 481,700 1,871,124
Hammerson PLC 440,000 3,517,881
Hansteen Holdings PLC 750,000 778,976
Helical Bar PLC 500,000 2,054,472
Land Securities Group PLC 365,000 5,319,979
Liberty International PLC 140,000 1,172,136
London & Stamford Property, Ltd. 620,000 830,288
Mapeley, Ltd. 32,995 67,949
Minerva PLC * 624,000 137,498
Mucklow A & J Group PLC 36,828 124,784
North Real Estate Opportunities Fund, Ltd. * 600,000 323,977
Safestore Holdings, Ltd. 700,000 530,810
Segro PLC, REIT 800,000 2,744,444
South African Property Opportunities PLC * 1,250,000 826,648
Terrace Hill Group PLC 1,500,000 577,290
Unite Group PLC 1,046,932 1,781,204
    32,992,068
United States - 36.85%    
American Campus Communities, Inc., REIT 166,100 3,718,979
Avalon Bay Communities, Inc., REIT 185,610 11,260,959
BioMed Realty Trust, Inc., REIT 209,050 1,948,346
Boston Properties, Inc., REIT 180,450 9,636,030
BRE Properties, Inc., Class A, REIT 121,450 3,565,772
Camden Property Trust, REIT 58,600 1,551,142
DCT Industrial Trust, Inc., REIT 321,250 1,439,200
Digital Realty Trust, Inc., REIT 180,250 4,931,640
DuPont Fabros Technology, Inc., REIT 117,250 250,915
Equity Lifestyle Properties, Inc., REIT 104,280 3,608,088
Equity Residential, REIT 238,650 7,262,119
Extra Space Storage, Inc., REIT 284,850 2,520,922
Federal Realty Investment Trust, REIT (a) 138,990 8,039,182
First Capital Realty, Inc. * 154,300 2,271,825
HCP, Inc., REIT 20,250 418,567
Hospitality Properties Trust, REIT 57,050 653,793
Host Hotels & Resorts, Inc., REIT 540,860 4,067,267
Kilroy Realty Corp., REIT 57,250 1,744,407
Liberty Property Trust, REIT 258,300 4,938,696
LTC Properties, Inc., REIT 108,730 2,118,060
Macerich Company, REIT (a) 98,500 1,325,810
Medical Properties Trust, Inc., REIT 288,172 1,795,312

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United States (continued)      
Nationwide Health Properties, Inc., REIT   76,068 $ 1,721,419
Omega Healthcare Investors, REIT   139,950 1,852,938
Post Properties, Inc., REIT   149,025 2,336,712
Public Storage, Inc., REIT   144,600 10,106,094
Regency Centers Corp., REIT   257,380 9,165,302
Saul Centers, Inc., REIT   21,300 749,760
Senior Housing Properties Trust, REIT   340,963 4,749,615
Simon Property Group, Inc., REIT (a)   287,290 13,646,275
SL Green Realty Corp., REIT   115,750 2,194,620
Taubman Centers, Inc., REIT   136,700 3,258,928
Ventas, Inc., REIT   401,921 9,236,145
Vornado Realty Trust, REIT   206,126 11,017,435
      149,102,274
 
TOTAL COMMON STOCKS (Cost $605,800,021)   $ 394,138,968
 
CONVERTIBLE BONDS - 0.01%      
Germany - 0.01%      
Colonia Real Estate AG, Series COLO      
1.875% due 12/07/2011 EUR 167,300    43,428
TOTAL CONVERTIBLE BONDS (Cost $222,952)    $ 43,428
 
SHORT TERM INVESTMENTS - 2.33%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 9,450,650 $ 9,450,650
TOTAL SHORT TERM INVESTMENTS      
(Cost $9,450,650)        $ 9,450,650
 
REPURCHASE AGREEMENTS - 2.45%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$9,910,041 on 12/01/2008,      
collateralized by $9,910,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at      
$10,108,200, including interest) $ 9,910,000 $ 9,910,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $9,910,000)      $ 9,910,000
Total Investments (Global Real Estate Fund)    
(Cost $625,383,623) - 102.21%     $ 413,543,046
Liabilities in Excess of Other Assets - (2.21)%   (8,949,953
TOTAL NET ASSETS - 100.00%     $ 404,593,093

The portfolio had the following five top industry concentrations as of November 30, 2008 (as a percentage of total net assets):

Real Estate 96.17%
Building Materials & Construction 0.88%
Investment Companies 0.29%
Retail Grocery 0.07%
Hotels & Restaurants 0.00%

High Income Fund      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 51.57%      
Advertising - 1.15%      
R.H. Donnelley Corp.      
6.875% due 01/15/2013 $ 385,000 $ 51,975
8.875% due 10/15/2017   7,640,000 1,031,400
R.H. Donnelley Corp., Series A-1      
6.875% due 01/15/2013   2,890,000 390,150
R.H. Donnelley Corp., Series A-3      
8.875% due 01/15/2016   8,686,000 1,129,180
Vertis, Inc.      
13.50% due 04/01/2014   851,414 55,700
18.50% due 10/01/2012   3,108,000 870,240
      3,528,645
 
Air Travel - 5.68%      
Alaska Airlines, Inc., Series D      
9.50% due 04/12/2012   95,227 61,183
American Airlines, Inc., Series 90-K      
9.93% due 06/15/2010   512,000 419,840
American Airlines, Inc., Series 91B2      
10.32% due 07/30/2014 (h)   971,425 704,283
AMR Corp., MTN, Series B      
10.40% due 03/10/2011   4,500,000 1,957,500
Continental Airlines, Inc.      
5.00% due 06/15/2023   7,780,000 6,865,850
Delta Air Lines, Inc., Series 01-1      
7.711% due 03/18/2013   5,830,000 3,789,500
Gol Finance      
8.75% due 12/31/2049 (h)   3,470,000 988,950
Northwest Airlines      
1.00% due 01/16/2017   4,470,000 2,816
6.625% due 02/15/2023   15,690,000 19,613
7.625% due 11/15/2023   8,745,000 10,931
8.70% due 03/15/2049   2,055,000 2,569
8.875% due 06/01/2049   6,360,000 7,950
9.875% due 03/15/2037   7,045,000 8,806
10.00% due 02/01/2009   3,115,000 3,894
US Airways Group, Inc.      
7.00% due 09/30/2020   5,920,000 2,553,000
      17,396,685
 
Auto Parts - 3.49%      
Allison Transmission, Inc.      
11.00% due 11/01/2015 (h)   6,840,000 3,420,000
11.25% due 11/01/2015 (h)   12,670,000 5,131,350
Tenneco Automotive, Inc.      
8.625% due 11/15/2014   5,730,000 2,120,100
      10,671,450
 
Auto Services - 0.06%      
United Rentals North America, Inc.      
7.00% due 02/15/2014   335,000 190,950
Broadcasting - 3.39%      
Canadian Satellite Radio Holdings, Inc.      
12.75% due 02/15/2014   4,045,000 1,334,850
Canadian Satellite Radio Holdings, Inc., ADR      
8.00% due 09/10/2014   1,700,000 795,033
Sirius Satellite Radio, Inc.      
9.625% due 08/01/2013   7,152,000 1,752,240
XM Satellite Radio Holdings, Inc.      
7.00% due 12/01/2014 (h)   7,275,000 954,844

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Broadcasting (continued)      
XM Satellite Radio Holdings, Inc. (continued)    
13.00% due 08/01/2013 (h) $ 21,680,000 $ 5,528,400
      10,365,367
 
Building Materials & Construction - 0.24%    
Odebrecht Overseas, Ltd.      
9.625% due 12/31/2049   1,006,000 736,895
Business Services - 0.16%      
MSX International UK      
12.50% due 04/01/2012 (h)   1,185,000 474,000
Cable & Television - 3.95%      
Adelphia Communications Corp.      
7.75% due 01/15/2009   3,000,000 90,000
9.875% due 03/01/2049   1,965,000 58,950
10.25% due 11/01/2049   985,000 29,550
CCH I Holdings LLC      
11.125% due 01/15/2014   2,830,000 396,200
CCH II LLC / CCH I Capital Corp.      
11.00% due 09/15/2010 (h)   785,000 398,388
CCH II LLC / CCH II Capital Corp.      
10.25% due 10/01/2013 (h)   1,449,000 659,295
10.25% due 09/15/2010   1,360,000 646,000
Century Communications      
8.375% due 12/15/2049   1,000,000 100
Charter Communications Holdings I LLC      
9.92% due 04/01/2014   8,660,000 1,169,100
10.00% due 05/15/2014   4,765,000 643,275
11.00% due 10/01/2015   13,145,000 3,483,425
11.75% due 05/15/2014   3,510,000 456,300
12.125% due 01/15/2015   2,925,000 394,875
Charter Communications Holdings LLC      
8.75% due 11/15/2013   2,845,000 1,621,650
Charter Communications, Inc.      
10.875% due 09/15/2014   2,680,000 1,922,900
Shaw Communications, Inc.      
8.25% due 04/11/2010   18,000 17,325
Young Broadcasting, Inc.      
10.00% due 03/01/2011   8,135,000 111,856
      12,099,189
 
Cellular Communications - 2.42%      
American Tower Corp.      
5.00% due 02/15/2010   441,000 424,458
Centennial Communications Corp.      
9.6325% due 01/01/2013 (b)(h)   600,000 564,000
Cricket Communications, Inc.      
9.375% due 11/01/2014   4,400,000 3,492,500
MetroPCS Wireless, Inc.      
9.25% due 11/01/2014   3,565,000 2,923,300
      7,404,258
 
Chemicals - 2.21%      
American Pacific Corp.      
9.00% due 02/01/2015   7,485,000 6,586,800
Tronox Worldwide LLC      
9.50% due 12/01/2012 (a)   3,255,000 162,750
      6,749,550

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Containers & Glass - 1.43%      
BWAY Corp.      
10.00% due 10/15/2010 $ 755,000 $ 649,300
Pliant Corp.      
11.125% due 09/01/2009 (a)   552,000 27,600
11.85% due 06/15/2009   958,910 431,509
Smurfit-Stone Container Enterprises, Inc.      
8.00% due 03/15/2017   11,000,000 2,915,000
8.375% due 07/01/2012   400,000 112,000
US Corrugated, Inc.      
10.00% due 06/12/2013   460,000 239,200
      4,374,609
 
Drugs & Health Care - 0.61%      
Duane Reade, Inc.      
9.75% due 08/01/2011 (a)   3,450,000 1,863,000
Electrical Utilities - 2.57%      
CMS Energy Corp.      
8.50% due 04/15/2011   37,000 35,254
Texas Competitive Electric Holdings Company LLC    
10.50% due 11/01/2015 (h)   12,220,000 7,820,800
      7,856,054
 
Electronics - 0.71%      
Muzak LLC/Muzak Finance Corp.      
9.875% due 03/15/2009   919,000 551,400
10.00% due 02/15/2009   2,170,000 1,632,925
      2,184,325
 
Energy - 0.59%      
Exide Technologies, Series B      
10.50% due 03/15/2013   3,390,000 1,813,650
Financial Services - 0.40%      
TAM Capital, Inc.      
7.375% due 04/25/2017   2,090,000 961,400
Ucar Finance, Inc.      
10.25% due 02/15/2012   282,000 271,425
      1,232,825
 
Food & Beverages - 1.22%      
ASG Consolidated LLC/ASG Finance, Inc.      
11.50 due 11/01/2011 (h)   4,360,000 3,727,800
Healthcare Products - 0.07%      
Inverness Medical Innovations, Inc.      
7.6788% due 06/26/2015 (b)   320,000 212,000
Holdings Companies/Conglomerates - 0.75%    
UAL Corp.      
4.50% due 06/30/2021 (h)   5,080,000 2,307,336
Homebuilders - 0.00%      
Meritage Homes Corp.      
7.00% due 05/01/2014   18,000 10,800
Hotels & Restaurants - 0.17%      
Buffalo Thunder Development Authority      
9.375% due 12/15/2014 (h)   1,595,000 526,350
Household Products - 0.65%      
Yankee Acquisition Corp., Series B      
8.50% due 02/15/2015   4,225,000 1,985,750

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Insurance - 0.40%      
MBIA Insurance Company      
14.00% due 01/15/2033 (b)(h) $ 2,585,000 $ 1,234,337
International Oil - 0.41%      
Dominion Petroleum Acquisitions      
10.00% due 10/01/2011   1,685,000 1,257,852
Leisure Time - 7.93%      
Fontainebleau Las Vegas Holdings      
10.25% due 06/15/2015 (h)   19,240,000 2,501,200
Fontainebleau Senior Note      
12.50% due 06/01/2022   3,372,024 480,514
Greektown Holdings LLC      
10.75% due 12/01/2013 (a)(h)   7,679,000 1,689,380
Indianapolis Downs Capital LLC      
11.00% due 11/01/2012 (h)   1,110,000 521,700
Isle of Capri Casinos, Inc.      
7.00% due 03/01/2014   15,366,000 6,607,380
Jacobs Entertainment, Inc.      
9.75% due 06/15/2014   1,800,000 846,000
Little Traverse Bay Bands of Odawa Indians      
10.25% due 02/15/2014 (h)   4,450,000 2,892,500
Majestic Star Casino LLC      
9.50% due 10/15/2010   6,950,000 2,224,000
9.75% due 01/15/2011   4,515,000 158,025
Marquee Holdings, Inc.      
9.505 due 08/15/2014   820,000 465,350
Mashantucket Western Pequot Tribe      
8.50% due 11/15/2015 (h)   4,740,000 1,801,200
MTR Gaming Group, Inc., Series B      
9.00% due 06/01/2012   2,720,000 1,360,000
9.75% due 04/01/2010   95,000 70,656
Seminole Hard Rock Entertainment, Inc.      
5.3188% due 03/15/2014 (b)(h)   805,000 466,900
Travelport LLC      
11.875% due 09/01/2016   715,000 171,600
Trump Entertainment Resorts, Inc.      
8.50% due 06/01/2015   13,440,000 2,016,000
      24,272,405
 
Manufacturing - 0.41%      
Sequa Corp.      
11.75% due 12/01/2015 (h)   1,655,000 728,200
Vitro SAB de CV      
9.125% due 02/01/2017   2,075,000 518,750
      1,246,950
 
Metal & Metal Products - 4.69%      
Blaze Recycling & Metals LLC      
10.875% due 07/15/2012 (h)   705,000 528,750
CII Carbon LLC      
11.125% due 11/15/2015 (h)   14,700,000 13,818,000
      14,346,750
 
Mining - 0.08%      
Drummond Company, Inc.      
7.375% due 02/15/2016 (h)   470,000 258,500
Paper - 0.63%      
Abitibi-Consolidated Company of Canada      
6.00% due 06/20/2013   1,620,000 234,900
7.75% due 06/15/2011   2,051,000 307,650

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Paper (continued)      
Abitibi-Consolidated Company of Canada      
(continued)      
8.375% due 04/01/2015 $ 2,850,000 $ 441,750
13.75% due 04/01/2011 (h)   385,000 269,500
15.50% due 07/15/2010 (h)   360,000 104,400
Abitibi-Consolidated, Inc.      
7.40% due 04/01/2018   500,000 85,000
7.50% due 04/01/2028   347,000 50,315
Jefferson Smurfit Corp.      
8.25% due 10/01/2012   740,000 197,950
Newark Group, Inc.      
9.75% due 03/15/2014   411,000 41,100
Norske Skog Canada, Ltd.      
7.375% due 03/01/2014   441,000 198,450
Pope & Talbot, Inc.      
8.375% due 06/01/2013   400,000 500
8.375% due 06/01/2013   1,800,000 2,250
      1,933,765
 
Publishing - 0.73%      
Idearc, Inc.      
8.00% due 11/15/2016   17,025,000 1,532,250
Quebecor World Capital Corp.      
6.125% due 11/15/2013   3,255,000 146,475
8.75% due 03/15/2016 (h)   560,000 100,800
Quebecor World, Inc.      
9.75% due 01/15/2015 (h)   3,155,000 457,475
      2,237,000
 
Real Estate - 0.03%      
Realogy Corp.      
10.50% due 04/15/2014   505,000 88,375
Retail - 0.65%      
Eye Care Centers of America      
10.75% due 02/15/2015   1,545,000 1,452,300
Steinway Musical Instruments, Inc.      
7.00% due 03/01/2014 (h)   745,000 521,500
      1,973,800
 
Telecommunications Equipment &      
Services - 1.46%      
Digicel Group, Ltd.      
8.875% due 01/15/2015 (h)   3,815,000 2,031,487
Mobile Satellite Ventures LP      
zero coupon, Step up to 14.00% on      
04/01/2010 due 04/01/2013 (h)   1,190,000 523,600
Terrestar Networks, Inc., PIK      
15.00% due 02/15/2014 (h)   1,323,557 900,019
West Corp.      
11.00% due 10/15/2016   2,365,000 1,016,950
      4,472,056
 
Tobacco - 1.75%      
Alliance One International, Inc.      
11.00% due 05/15/2012   2,150,000 1,763,000
12.75% due 11/15/2012   2,330,000 1,747,500
North Atlantic Trading Company      
10.00% due 03/01/2012 (h)   2,626,750 1,838,725
      5,349,225

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Fund (continued)      
  Shares or  
  Principal  
  Amount Value
 
CORPORATE BONDS (continued)      
Travel Services - 0.48%      
Travelport LLC      
9.875% due 09/01/2014 $ 4,250,000 $ 1,466,250
TOTAL CORPORATE BONDS (Cost $359,957,280)     $ 157,848,753
 
CONVERTIBLE BONDS - 6.70%      
Air Travel - 5.07%      
AMR Corp.      
4.50% due 02/15/2024 4,683,000 4,454,470
Pinnacle Airlines Corp.      
3.25% due 02/15/2025 1,535,000 1,034,974
UAL Corp.      
4.50% due 06/30/2021 22,071,000 10,024,648
      15,514,092
 
Broadcasting - 1.57%      
XM Satellite Radio Holdings, Inc.      
10.00% due 12/01/2009 12,885,000 4,799,662
Cable & Television - 0.06%      
Charter Communications, Inc.      
6.50% due 10/01/2027 2,259,000   192,015
TOTAL CONVERTIBLE BONDS (Cost $30,317,987)   $ 20,505,769
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.81%      
Countrywide Alternative Loan Trust, Series      
2007-OA9, Class B1      
3.145% due 06/25/2047 (b)(h) 1,074,977 108
Countrywide Alternative Loan Trust, Series      
2007-OA9, Class B2      
3.145% due 06/25/2047 (b)(h) 320,214 0
Countrywide Alternative Loan Trust, Series      
2007-OA9, Class B3      
3.145% due 06/25/2047 (b)(h) 387,776 1,939
Countrywide Alternative Loan Trust, Series      
2007-OA9, Class XP      
3.67% IO due 06/25/2047 50,485,827 2,145,648
DSLA Mortgage Loan Trust, Series 2005-AR5,      
Class X2      
0.2776% IO due 08/19/2045 49,631,134 1,209,759
Global Tower Partners Acquisition      
LLC, Series 2007-1A, Class G      
7.8737% due 05/15/2037 (h) 515,000 461,991
GS Mortgage Securities      
Corp., Series 2006-NIM3, Class OS      
zero coupon due 10/26/2037   5,000 2,500
Harborview Mortgage Loan Trust, Series      
2006-BU1, Class R      
1.00% due 02/19/2046 182,562,058 2,481,712
Harborview Mortgage Loan Trust,      
Series 2007-3, Class ES      
0.35% IO due 05/19/2047 68,671,103 429,194
Harborview Mortgage Loan Trust,      
Series 2007-4, Class ES      
0.35% IO due 07/19/2047 68,721,612 450,986
Harborview Mortgage Loan Trust,      
Series 2007-6, Class ES      
0.3425% IO due 08/19/2037 (h) 49,117,132 306,982

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Lehman XS Net Interest Margin      
Notes, Series 2007-GPM8, Class A3      
9.00% due 01/28/2047 (h) $ 317,665 $ 206,482
Lehman XS Net Interest Margin      
Notes, Series 2007-GPM8, Class A4      
9.00% due 01/28/2047 (h)   470,000 13,301
SBA CMBS Trust, Series 2006-1A, Class H      
7.389% due 11/15/2036 (h)   1,750,000 1,667,216
SBA CMBS Trust, Series 2006-1A, Class J      
7.825% due 11/15/2036 (h)   1,325,000 1,210,925
Washington Mutual Alternative Mortgage      
Pass-Through Certificates, Series 2005-AR19,    
Class B1      
2.72% due 12/25/2045 (b)    3,008,264   1,082,975
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $20,526,584)      $ 11,671,718
 
ASSET BACKED SECURITIES - 1.10%      
DB Master Finance LLC, Series 2006-1, Class-M1    
8.285% due 06/20/2031 (h)   1,525,000 1,173,976
Dominos Pizza Master Issuer LLC, Series 2007-1,    
Class M1      
7.629% due 04/27/2037 (h)    3,560,000   2,189,400
TOTAL ASSET BACKED SECURITIES      
(Cost $5,099,919)     $ 3,363,376
 
COMMON STOCKS - 11.04%      
Air Travel - 6.82%      
Delta Air Lines, Inc. *   2,149,714 18,938,978
UAL Corp. *   47,000 528,750
US Airways Group, Inc. *   234,532 1,397,811
      20,865,539
Auto Parts - 0.05%      
Federal Mogul Corp. *   31,002 164,001
Broadcasting - 0.44%      
Canadian Satellite Radio Holdings, Inc. *   577,161 460,723
Sirius XM Radio, Inc. *   4,226,931 880,470
      1,341,193
Cable & Television - 2.94%      
Adelphia Recovery Trust, Series ACC-1 *   5,806,367 58,064
Adelphia Recovery Trust, Series Arahova *   424,949 50,994
Canadian Satellite Radio Holdings, Series A * 26,853 17,322
Charter Communications, Inc., Class A *   414,100 78,679
Comcast Corp., Special Class A   347,333 5,824,774
Time Warner Cable, Inc. *   146,661 2,977,218
      9,007,051
Cellular Communications - 0.36%      
USA Mobility, Inc. *   100,901 1,099,821
Forest Products - 0.01%      
Tembec, Inc. *   25,800 22,883
International Oil - 0.11%      
Dominion Petroleum, Ltd., GDR *   4,000,372 340,005
Leisure Time - 0.02%      
Fontainebleau Resorts LLC, Class A *   65,203 62,790

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Telephone - 0.29%    
Sprint Nextel Corp. 321,650 $ 897,403
TOTAL COMMON STOCKS (Cost $68,278,876)   $ 33,800,686
 
PREFERRED STOCKS - 3.99%    
Air Travel - 2.98%    
Continental Airlines Finance Trust II, 6.00% 515,074 9,110,372
Containers & Glass - 0.00%    
Pliant Corp., Series AA, 13.00% 685 1,781
Financial Services - 1.01%    
CIT Group, Inc., 7.75% 86,874 553,387
iStar Financial, Inc., Series E, 7.875% 310,545 931,635
iStar Financial, Inc., Series F, 7.80% 198,032 584,195
iStar Financial, Inc., Series G, 7.65% 79,317 248,262
iStar Financial, Inc., Series I, 7.50% 232,232 777,977
    3,095,456
 
TOTAL PREFERRED STOCKS (Cost $19,027,584)   $ 12,207,609
 
TERM LOANS - 13.59%    
Advertising - 0.49%    
R.H. Donnelley Corp.    
zero coupon due 06/30/2011 (k) 2,250,000 1,485,000
Air Travel - 4.07%    
Delta Airlines, Inc.    
4.5813% due 04/30/2012 (b) 2,519,400 1,234,506
5.8313% due 04/30/2014 (b) 7,456,092 3,653,485
Northwest Airlines    
3.543% due 08/21/2013 (b) 1,075,340 785,761
US Airways Group, Inc.    
3.93625% due 03/26/2014 (b) 14,027,253 6,459,550
5.71875% due 03/26/2014 (b) 560,606 339,356
    12,472,658
Broadcasting - 0.06%    
Sirius Satellite Radio, Inc.    
3.6875% due 12/20/2012 (b) 330,813 195,179
Electrical Utilities - 0.47%    
Texas Competitive Electric Holdings Company LLC    
4.18375% due 10/10/2014 (b) 2,100,000 1,429,323
Forest Products - 0.03%    
Tembec, Inc.    
8.43625% due 02/28/2012 (b) 180,000 105,600
Healthcare Products - 0.89%    
Bausch & Lomb, Inc.    
zero coupon due 04/11/2015 (k) 268,276 268,276
7.0119% due 04/26/2015 (b) 3,065,057 2,452,046
    2,720,322
Healthcare Services - 1.48%    
Community Health Systems, Inc.    
3.43375% due 07/25/2014 (b) 300,415 220,571
3.43375% due 07/25/2014 (b) 5,874,028 4,312,823
    4,533,394

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Leisure Time - 1.10%      
East Valley Tourist Development      
10.3106% due 08/06/2012 (b) $ 765,000 $ 443,700
Fontainebleau Delay Draw      
zero coupon due 06/06/2014 (k)   896,963 896,963
Fontainebleau Tranche B      
zero coupon due 06/06/2014 (k)   1,915,537 641,705
Isle of Capri Casinos, Inc.      
5.5119% due 11/25/2013 (b)   451,821 279,376
5.5119% due 11/25/2013 (b)   513,765 317,678
5.5119% due 11/25/2013 (b)   1,284,414 794,195
      3,373,617
 
Medical-Hospitals - 0.00%      
Ralin Medical, Inc.      
zero coupon due 11/21/2037 (k)   170 0
Newspapers - 0.33%      
Star Tribune Corp.      
6.25% due 03/01/2014 (b)   2,826,950 819,816
10.83% due 03/01/2015 ^ (b)   3,880,000 194,000
Tribune Corp.      
5.7863% due 05/30/2014 (b)   4,266 4,240
      1,018,056
 
Paper - 0.09%      
AbitibiBowater, Inc.      
11.50% due 03/31/2009 (b)   338,226 270,581
Publishing - 1.66%      
Idearc, Inc.      
3.44% due 04/11/2017 (b)   11,529,111 3,772,902
3.44% due 11/17/2014 (b)   4,000,000 1,302,856
      5,075,758
 
Real Estate - 0.27%      
Realogy Corp.      
5.7063% due 10/10/2013 (b)   1,481,250 814,688
Retail - 0.36%      
Michaels Stores, Inc.      
3.6875% due 10/31/2013 (b)   2,246,565 1,105,310
Trucking & Freight - 2.29%      
Saint Acquisition Corp.      
6.50% due 05/06/2014 (b)    14,900,000    6,993,762
TOTAL TERM LOANS (Cost $64,925,559)   $ 41,593,248
 
WARRANTS - 0.00%      
Metal & Metal Products - 0.00%      
New Gold, Inc.      
(Expiration date 06/28/2017, strike      
price CAD 15.00) *    44,388   9,306
TOTAL WARRANTS (Cost $0)     $ 9,306
 
OPTIONS - 5.60%      
Call Options - 5.60%      
Comcast Corp.      
Expiration 01/16/2010 at $15.00 *   43,700 227,240
Expiration 01/16/2010 at $20.00 *   161,500 484,500
Expiration 01/16/2010 at $25.00 *   8,450,000 114,075

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
OPTIONS (continued)      
Call Options (continued)      
Delta Airlines, Inc.      
Expiration 01/16/2010 at $5.00 *   350,000 $ 1,977,500
Expiration 01/16/2010 at $7.50 *   150,000 690,000
Expiration 01/16/2010 at $10.00 *   150,000 562,500
Over The Counter Purchase Call on the USD vs.    
CAD      
Expiration 04/20/2010 at $1.30 *   98,000,000 6,548,360
Expiration 04/01/2010 at $1.30 *   98,000,000 6,548,360
      17,152,535
 
TOTAL OPTIONS (Cost $5,566,002)     $ 17,152,535
 
REPURCHASE AGREEMENTS - 6.16%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$18,851,079 on 12/01/2008,      
collateralized by $18,855,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at      
$19,232,100, including interest) $ 18,851,000 $ 18,851,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $18,851,000)     $ 18,851,000
 
SHORT TERM INVESTMENTS - 0.84%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 2,323,360 $ 2,323,360
Quebecor World Capital Corp.      
zero due 11/15/2009     365,000 $ 251,314
TOTAL SHORT TERM INVESTMENTS      
(Cost $2,574,674)      $ 2,574,674
Total Investments (High Income Fund)      
(Cost $595,125,465) - 104.40%     $ 319,578,674
Liabilities in Excess of Other Assets - (4.40)%   (13,480,998)
TOTAL NET ASSETS - 100.00%     $ 306,097,676
 
 
 
High Yield Fund      
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS - 3.11%  
Argentina - 0.07%      
Republic of Argentina      
1.2621% due 12/15/2035 (b) EUR 587,000 $ 25,282
1.3182% due 12/15/2035 (b) $ 48,000 2,256
2.458% due 12/15/2035 (b) ARS 1,938,355 42,516
7.00% due 09/12/2013 $ 751,000 208,027
9.00% due 05/26/2009 EUR 100,000 3,812
11.75% due 05/20/2011   2,425,000 157,527
11.75% due 11/13/2026   1,800,000 357,914
      797,334
 
Brazil - 1.14%      
Federative Republic of Brazil      
6.00% due 05/15/2017 BRL 2,852,000 1,769,685

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Brazil (continued)      
Federative Republic of Brazil (continued)      
10.00% due 01/01/2012 BRL 10,336,000 $ 4,034,432
10.00% due 07/01/2010   17,039,000 7,169,314
10.00% due 01/01/2010   1,000 430
      12,973,861
Ecuador - 0.06%      
Republic of Ecuador      
9.375% due 12/15/2015 $ 60,000 18,000
10.00% due 08/15/2030   2,222,000 627,715
      645,715
Indonesia - 0.24%      
Republic of Indonesia      
9.75% due 05/15/2037 IDR 11,122,000,000 579,014
10.25% due 07/15/2027   9,327,000,000 520,420
10.25% due 07/15/2022   14,706,000,000 864,568
11.00% due 09/15/2025   12,836,000,000 775,828
      2,739,830
 
Panama - 0.19%      
Republic of Panama      
9.375% due 04/01/2029 $ 2,150,000 2,139,250
Peru - 0.13%      
Republic of Peru      
6.55% due 03/14/2037   648,000 508,680
7.35% due 07/21/2025   77,000 69,493
8.75% due 11/21/2033   862,000 862,000
      1,440,173
Turkey - 0.84%      
Republic of Turkey      
6.875% due 03/17/2036   10,496,000 7,347,200
7.00% due 06/05/2020   146,000 110,960
7.00% due 09/26/2016   535,000 454,750
7.375% due 02/05/2025   1,929,000 1,562,490
      9,475,400
Venezuela - 0.44%      
Republic of Venezuela      
5.75% due 02/26/2016   4,667,000 2,135,153
7.65% due 04/21/2025   949,000 431,795
8.50% due 10/08/2014   339,000 194,925
9.375% due 01/13/2034   1,588,000 817,820
10.75% due 09/19/2013   1,952,000 1,385,920
      4,965,613
 
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $52,921,775)     $ 35,177,176
 
CORPORATE BONDS - 85.06%      
Advertising - 0.04%      
R.H. Donnelley Corp., Series A-3      
8.875% due 01/15/2016   1,960,000 254,800
R.H. Donnelley, Inc.      
11.75% due 05/15/2015   680,000 180,200
      435,000

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Aerospace - 1.59%      
BE Aerospace, Inc.      
8.50% due 07/01/2018 $ 3,690,000 $ 3,025,800
DRS Technologies, Inc.      
6.625% due 02/01/2016   10,585,000 10,505,612
7.625% due 02/01/2018   4,490,000 4,456,325
      17,987,737
 
Air Travel - 1.11%      
Continental Airlines, Inc., Series C      
7.339% due 04/19/2014   4,060,000 2,749,432
DAE Aviation Holdings, Inc.      
11.25% due 08/01/2015 (h)   14,000,000 9,800,000
      12,549,432
 
Airlines - 0.15%      
Delta Air Lines, Inc.      
8.954% due 08/10/2014   3,107,498 1,713,724
Aluminum - 0.52%      
Novelis, Inc.      
7.25% due 02/15/2015   10,236,000 5,936,880
Apparel & Textiles - 0.23%      
Oxford Industries, Inc.      
8.875% due 06/01/2011   3,725,000 2,644,750
Auto Parts - 0.71%      
Allison Transmission, Inc.      
11.00% due 11/01/2015 (h)   293,000 146,500
11.25% due 11/01/2015 (h)   7,257,000 2,939,085
Keystone Automotive Operations, Inc.      
9.75% due 11/01/2013   2,660,000 1,010,800
Visteon Corp.      
8.25% due 08/01/2010 (a)   7,089,000 2,197,590
12.25% due 12/31/2016 (a)(h)   10,525,000 1,789,250
      8,083,225
 
Auto Services - 1.07%      
Ashtead Holdings PLC      
8.625% due 08/01/2015 (h)   1,505,000 872,900
AutoNation, Inc.      
6.7525% due 04/15/2013 (b)   2,430,000 1,543,050
7.00% due 04/15/2014   515,000 334,750
Hertz Corp.      
10.50% due 01/01/2016   15,005,000 6,002,000
Penhall International Corp.      
12.00% due 08/01/2014 (h)   8,930,000 3,393,400
      12,146,100
 
Automobiles - 0.69%      
Ford Motor Company      
7.45% due 07/16/2031   2,355,000 588,750
General Motors Corp.      
7.20% due 01/15/2011 (a)   11,820,000 3,191,400
8.375% due 07/15/2033 (a)   18,495,000 4,068,900
      7,849,050
 
Banking - 1.62%      
ATF Capital BV      
9.25% due 02/21/2014 (h)   7,890,000 4,734,000
Deutsche Bank AG/London, Series EMTN      
zero coupon due 08/10/2009   37,840,000 1,458,011

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
HSBC Bank PLC, MTN      
7.00% due 11/01/2011 $ 588,536 $ 537,052
HSBC Bank USA, BKNT      
7.00% due 11/01/2011   257,513 203,487
7.00% due 11/01/2011   247,828 195,536
HSBK Europe BV      
7.25% due 05/03/2017 (h)   7,660,000 4,366,200
9.25% due 10/16/2013 (h)   530,000 402,800
ICICI Bank, Ltd.      
6.375% due 04/30/2022 (b)(h)   1,864,000 938,709
6.375% due 04/30/2022 (b)   1,573,000 783,794
RSHB Capital SA for OJSC Russian Agricultural    
Bank      
6.299% due 05/15/2017 (h)   944,000 485,971
7.125% due 01/14/2014 (h)   1,180,000 752,604
7.175% due 05/16/2013 (h)   1,069,000 720,827
TuranAlem Finance BV      
8.25% due 01/22/2037 (h)   4,265,000 1,663,350
8.25% due 01/22/2037   2,738,000 1,067,820
      18,310,161
 
Broadcasting - 0.04%      
CMP Susquehanna Corp.      
9.875% due 05/15/2014   2,405,000 426,888
Building Materials & Construction - 1.96%    
Associated Materials, Inc.      
zero coupon, Step up to 11.25% on      
03/01/2009 due 03/01/2014   11,795,000 6,015,450
9.75% due 04/15/2012   7,465,000 6,382,575
K Hovnanian Enterprises, Inc.      
8.625% due 01/15/2017   820,000 221,400
Nortek, Inc.      
10.00% due 12/01/2013 (h)   4,700,000 3,290,000
NTK Holdings, Inc.      
10.75% due 03/01/2014   10,440,000 2,401,200
Odebrecht Finance, Ltd.      
7.50% due 10/18/2017 (h)   5,200,000 3,900,000
      22,210,625
 
Business Services - 1.76%      
Affinion Group, Inc.      
10.125% due 10/15/2013   3,110,000 2,130,350
11.50% due 10/15/2015   11,670,000 6,826,950
Ceridian Corp.      
11.25% due 11/15/2015 (h)   840,000 441,000
Ceridian Corp., PIK      
12.25% due 11/15/2015 (h)   4,200,000 2,016,000
SunGard Data Systems, Inc.      
10.25% due 08/15/2015   5,350,000 3,103,000
U.S. Investigations Services, Inc.      
10.50% due 11/01/2015 (h)   620,000 452,600
11.75% due 05/01/2016 (h)   7,790,000 4,907,700
      19,877,600
 
Cable & Television - 2.79%      
Cablevision Systems Corp., Series B      
8.00% due 04/15/2012   270,000 221,400
Charter Communications Holdings I LLC      
11.00% due 10/01/2015 (a)   24,014,000 6,363,710

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cable & Television (continued)      
Charter Communications Holdings II LLC      
10.25% due 10/01/2013 (a) $ 3,338,000 $ 1,518,790
Charter Communications Holdings LLC      
11.75 due 05/15/2011   1,755,000 368,550
12.125 due 01/15/2012   1,840,000 772,800
Charter Communications, Inc.      
10.875% due 09/15/2014   10,490,000 7,526,575
CSC Holdings, Inc.      
6.75% due 04/15/2012   2,550,000 2,135,625
8.50% due 06/15/2015 (h)   2,720,000 2,196,400
CSC Holdings, Inc., Series B      
7.625% due 04/01/2011   780,000 690,300
8.125% due 08/15/2009   2,715,000 2,606,400
8.125% due 07/15/2009   470,000 451,200
DirecTV Holdings LLC      
8.375% due 03/15/2013   1,990,000 1,830,800
EchoStar DBS Corp.      
6.625% due 10/01/2014   1,860,000 1,329,900
7.75% due 05/31/2015   4,830,000 3,550,050
      31,562,500
 
Cellular Communications - 1.41%      
ALLTEL Communications, Inc., PIK      
10.375% due 12/01/2017 (h)   3,940,000 4,294,600
America Movil SAB de CV      
5.625% due 11/15/2017   1,410,000 1,182,520
MetroPCS Wireless, Inc.      
9.25% due 11/01/2014   1,840,000 1,508,800
True Move Company, Ltd.      
10.75% due 12/16/2013 (h)   18,540,000 6,489,000
10.75% due 12/16/2013   700,000 315,754
UBS Luxembourg SA for OJSC Vimpel      
Communications      
8.25% due 05/23/2016   3,600,000 1,629,648
Vimpelcom      
8.375% due 04/30/2013 (h)   940,000 517,000
      15,937,322
 
Chemicals - 0.76%      
Georgia Gulf Corp.      
10.75% due 10/15/2016 (a)   11,480,000 3,271,800
Huntsman International LLC      
7.875% due 11/15/2014   320,000 211,200
Methanex Corp.      
8.75% due 08/15/2012   3,615,000 3,556,256
Montell Finance Company BV      
8.10% due 03/15/2027 (h)   6,515,000 1,042,400
Westlake Chemical Corp.      
6.625% due 01/15/2016   800,000 544,000
      8,625,656
 
Coal - 0.59%      
International Coal Group, Inc.      
10.25% due 07/15/2014   8,855,000 6,685,525
Commercial Services - 1.76%      
American Achievement Corp.      
8.25% due 04/01/2012 (h)   695,000 681,100
DI Finance/DynCorp International      
9.50% due 02/15/2013 (h)   5,880,000 5,012,700

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Commercial Services (continued)      
DI Finance/DynCorp International LLC, Series B    
9.50% due 02/15/2013 $ 10,434,000 $ 8,868,900
Rental Service Corp.      
9.50% due 12/01/2014   7,685,000 3,765,650
Ticketmaster      
10.75% due 08/01/2016 (h)   3,160,000 1,580,000
      19,908,350
 
Computers & Business Equipment - 0.28%    
Activant Solutions, Inc.      
9.50% due 05/01/2016   5,445,000 3,158,100
Construction Materials - 0.03%      
Nortek, Inc.      
8.50% due 09/01/2014   1,300,000 396,500
Containers & Glass - 1.11%      
Berry Plastics Holding Corp.      
10.25% due 03/01/2016 (a)   2,050,000 820,000
Graham Packaging Company      
9.875% due 10/15/2014   2,950,000 1,858,500
Graphic Packaging International Corp.      
9.50% due 08/15/2013 (a)   5,195,000 3,584,550
Greif, Inc.      
6.75% due 02/01/2017   3,165,000 2,658,600
Plastipak Holdings, Inc.      
8.50% due 12/15/2015 (h)   1,790,000 1,226,150
Radnor Holdings Corp.      
11.00% due 03/15/2010   2,350,000 2,938
Solo Cup Company      
8.50% due 02/15/2014   3,945,000 2,445,900
      12,596,638
 
Correctional Facilities - 0.35%      
Corrections Corp. of America      
6.25% due 03/15/2013   3,725,000 3,278,000
6.75% due 01/31/2014   750,000 671,250
      3,949,250
 
Crude Petroleum & Natural Gas - 3.45%      
Chesapeake Energy Corp.      
6.25% due 01/15/2018   6,185,000 4,051,175
6.375% due 06/15/2015   815,000 570,500
6.50% due 08/15/2017   2,655,000 1,812,037
6.625% due 01/15/2016   1,000,000 697,500
7.00% due 08/15/2014   425,000 323,000
7.25% due 12/15/2018   6,265,000 4,385,500
Mariner Energy, Inc.      
7.50% due 04/15/2013   1,820,000 1,183,000
8.00% due 05/15/2017   1,760,000 941,600
OPTI Canada, Inc.      
7.875% due 12/15/2014   1,435,000 545,300
8.25% due 12/15/2014   6,055,000 2,361,450
Parallel Petroleum Corp.      
10.25% due 08/01/2014   4,600,000 2,875,000
PetroHawk Energy Corp.      
7.875% due 06/01/2015 (h)   1,390,000 979,950
9.125% due 07/15/2013   3,125,000 2,390,625
Quicksilver Resources, Inc.      
7.125% due 04/01/2016   2,675,000 1,538,125
8.25% due 08/01/2015   415,000 267,675

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Crude Petroleum & Natural Gas      
(continued)      
SandRidge Energy, Inc.      
8.00% due 06/01/2018 (h) $ 3,460,000 $ 2,214,400
Southwestern Energy Company      
7.50% due 02/01/2018 (h)   3,590,000 3,033,550
Turbo Beta, Ltd.      
14.50% due 03/15/2018   7,743,756 6,862,904
W&T Offshore, Inc.      
8.25% due 06/15/2014 (h)   3,320,000 2,058,400
      39,091,691
 
Domestic Oil - 1.81%      
Exco Resources, Inc.      
7.25% due 01/15/2011   8,815,000 6,787,550
SandRidge Energy, Inc.      
8.625% due 04/01/2015   9,780,000 6,210,300
Stone Energy Corp.      
6.75% due 12/15/2014   3,855,000 2,197,350
Whiting Petroleum Corp.      
7.00% due 02/01/2014   1,485,000 1,002,375
7.25% due 05/01/2012   5,595,000 4,252,200
      20,449,775
 
Educational Services - 0.46%      
Education Management Corp.      
8.75% due 06/01/2014   760,000 551,000
10.25% due 06/01/2016   6,631,000 4,608,545
      5,159,545
 
Electrical Utilities - 6.53%      
AES Corp.      
8.00% due 10/15/2017   5,570,000 3,843,300
8.00% due 06/01/2020 (h)   750,000 480,000
8.75% due 05/15/2013 (h)   3,512,000 3,090,560
8.875% due 02/15/2011   2,220,000 1,920,300
9.375% due 09/15/2010   5,000,000 4,300,000
Edison Mission Energy      
7.20% due 05/15/2019   3,670,000 2,679,100
7.625% due 05/15/2027   6,410,000 4,358,800
7.75% due 06/15/2016   3,140,000 2,457,050
EEB International Ltd.      
8.75% due 10/31/2014 (h)   5,250,000 4,488,750
Energy Future Holdings Corp.      
11.25% due 11/01/2017 (h)   55,670,000 29,644,275
Ipalco Enterprises, Inc.      
7.25% due 04/01/2016 (h)   835,000 634,600
Midwest Generation LLC, Series A      
8.30% due 07/02/2009   590,388 565,297
Mirant Mid Atlantic LLC, Series C      
10.06% due 12/30/2028   6,001,654 5,341,471
Orion Power Holdings, Inc.      
12.00% due 05/01/2010   4,515,000 4,379,550
Texas Competitive Electric Holdings Company      
LLC, PIK      
10.50% due 11/01/2016 (h)   10,520,000 5,680,800
      73,863,853
 
Electronics - 0.27%      
L-3 Communications Corp.      
7.625% due 06/15/2012   2,575,000 2,381,875

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electronics (continued)      
L-3 Communications Corp., Series B      
6.375% due 10/15/2015 $ 810,000 $ 672,300
      3,054,175
 
Energy - 2.28%      
Dynegy Holdings, Inc.      
7.75% due 06/01/2019   11,010,000 7,321,650
Mirant North America LLC      
7.375% due 12/31/2013   1,050,000 908,250
NRG Energy, Inc.      
7.25% due 02/01/2014   5,220,000 4,254,300
7.375% due 02/01/2016   11,355,000 9,225,937
7.375% due 01/15/2017   1,305,000 1,053,788
Sonat, Inc.      
7.625% due 07/15/2011   2,900,000 2,397,955
VeraSun Energy Corp.      
9.375% due 06/01/2017   5,835,000 671,025
      25,832,905
 
Financial Services - 7.79%      
AAC Group Holding Corp.      
10.25 due 10/01/2012 (h)   240,000 199,200
Capmark Financial Group, Inc.      
5.875% due 05/10/2012   3,080,000 909,090
Citigroup, Inc.      
8.40% due 04/29/2049 (b)   5,780,000 3,410,200
Credit Suisse Nassau      
6.79% due 10/29/2009 (h) RUB 93,970,000 3,144,780
7.00% due 10/27/2011 (h)   31,320,000 914,605
El Paso Performance-Linked Trust      
7.75% due 07/15/2011 (h) $ 9,075,000 7,527,422
First Data Corp.      
9.875% due 09/24/2015 (h)   6,460,000 3,714,500
Ford Motor Credit Company LLC      
7.5688% due 01/13/2012 (b)   1,400,000 616,000
8.0688% due 06/15/2011 (b)   7,400,000 3,182,000
9.2025% due 04/15/2009 (b)   5,710,000 4,496,625
12.00% due 05/15/2015   37,210,000 18,154,052
General Motors Acceptance Corp.      
5.85% due 01/14/2009   460,000 384,024
8.00% due 11/01/2031   26,750,000 7,035,036
Hawker Beechcraft Acquisition Company LLC    
8.875% due 04/01/2015   14,775,000 6,057,750
Hexion U.S. Finance Corp./Hexion Nova Scotia    
Finance ULC      
6.6488% due 11/15/2014 (b)   2,215,000 1,085,350
JPMorgan Chase & Company, Series L      
7.90% due 12/31/2049   7,405,000 5,812,925
JSG Funding PLC      
7.75% due 04/01/2015   1,275,000 854,250
Leucadia National Corp.      
8.125% due 09/15/2015   3,650,000 3,166,375
Lukoil International Finance BV, Series REGS    
6.356% due 06/07/2017   3,110,000 1,617,200
Nell AF SARL      
8.375% due 08/15/2015 (h)   4,033,000 615,032
Residential Capital LLC      
8.50% due 05/15/2010 (h)   6,879,000 1,994,910
9.625% due 05/15/2015 (h)   6,527,000 669,018

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
SLM Corp., MTN      
3.695% due 07/26/2010 (b) $ 1,590,000 $ 1,244,059
5.585% due 10/25/2011 (b)   1,540,000 1,039,500
8.45% due 06/15/2018   7,960,000 5,836,328
TNK-BP Finance SA      
6.625% due 03/20/2017 (h)   96,000 39,360
6.625% due 03/20/2017   1,870,000 840,677
7.50% due 07/18/2016 (h)   2,282,000 1,004,080
7.875% due 03/13/2018 (h)   3,020,000 1,298,600
Wells Fargo Capital XV      
9.75% due 12/29/2049   1,390,000 1,313,550
      88,176,498
 
Food & Beverages - 0.64%      
Dole Food Company, Inc.      
7.25% due 06/15/2010   1,740,000 1,226,700
8.625% due 05/01/2009   3,575,000 3,199,625
8.875% due 03/15/2011   4,325,000 2,811,250
      7,237,575
 
Funeral Services - 0.24%      
Service Corp. International      
6.75% due 04/01/2016   95,000 71,725
7.50% due 04/01/2027   2,655,000 1,672,650
7.625% due 10/01/2018   1,310,000 943,200
      2,687,575
 
Furniture & Fixtures - 0.93%      
Norcraft Companies LP      
9.00% due 11/01/2011   6,875,000 6,187,500
Norcraft Holdings Capital      
9.75 due 09/01/2012   5,395,000 4,316,000
      10,503,500
 
Gas & Pipeline Utilities - 2.41%      
Atlas Pipeline Partners LP      
8.75% due 06/15/2018 (h)   5,290,000 3,385,600
Dynegy-Roseton Danskammer, Series B      
7.67% due 11/08/2016   1,530,000 1,091,349
El Paso Corp.      
7.375% due 12/15/2012   225,000 190,736
7.80% due 08/01/2031   6,395,000 4,060,422
7.875% due 06/15/2012   6,025,000 5,019,488
MarkWest Energy Partners LP / MarkWest Energy    
Finance Corp., Series B      
8.75% due 04/15/2018 (h)   3,140,000 1,978,200
Targa Resources Partners LP      
8.25% due 07/01/2016   1,040,000 603,200
Transcontinental Gas Pipe Line Corp.      
8.875% due 07/15/2012   2,935,000 2,921,417
Williams Companies, Inc.      
7.625% due 07/15/2019   3,050,000 2,333,250
7.875% due 09/01/2021   4,070,000 3,093,200
8.75% due 03/15/2032   3,550,000 2,591,500
      27,268,362
 
Healthcare Products - 1.09%      
Advanced Medical Optics, Inc.      
7.50% due 05/01/2017   2,805,000 1,542,750
Biomet, Inc.      
10.375% due 10/15/2017   5,775,000 4,273,500

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Healthcare Products (continued)      
Biomet, Inc. (continued)      
11.625% due 10/15/2017 $ 880,000 $ 660,000
FMC Finance III SA      
6.875% due 07/15/2017   3,430,000 2,864,050
Leiner Health Products, Inc.      
11.00% due 06/01/2012 (a)   14,530,000 726,500
Universal Hospital Services, Inc.      
6.3025% due 06/01/2015 (b)   1,300,000 845,000
8.50% due 06/01/2015   1,855,000 1,409,800
      12,321,600
 
Healthcare Services - 2.61%      
CRC Health Corp.      
10.75% due 02/01/2016   11,340,000 6,577,200
DaVita, Inc.      
6.625% due 03/15/2013   3,050,000 2,699,250
7.25% due 03/15/2015   5,295,000 4,580,175
U.S. Oncology Holdings, Inc., PIK      
8.3344% due 03/15/2012   11,120,000 7,005,600
Vanguard Health Holding Company I LLC      
11.25% due 10/01/2015   3,635,000 2,798,950
Vanguard Health Holding Company II LLC      
9.00% due 10/01/2014   7,300,000 5,840,000
      29,501,175
 
Holdings Companies/Conglomerates - 0.33%    
Ashtead Capital, Inc.      
9.00% due 08/15/2016 (h)   4,557,000 2,643,060
Leucadia National Corp.      
7.125% due 03/15/2017   1,370,000 1,133,675
      3,776,735
 
Homebuilders - 0.57%      
K Hovnanian Enterprises, Inc.      
11.50% due 05/01/2013   8,490,000 6,494,850
Hotels & Restaurants - 0.83%      
Buffets, Inc.      
12.50% due 11/01/2014   5,915,000 14,787
Carrols Corp.      
9.00% due 01/15/2013   850,000 565,250
CCM Merger, Inc.      
8.00% due 08/01/2013 (h)   3,405,000 1,906,800
Denny's Corp.      
10.00% due 10/01/2012   2,500,000 1,712,500
El Pollo Loco, Inc.      
11.75% due 11/15/2013   3,120,000 2,308,800
MGM Mirage, Inc.      
13.00% due 11/15/2013 (h)   1,210,000 1,010,350
Sbarro, Inc.      
10.375% due 02/01/2015 (a)   3,380,000 1,892,800
      9,411,287
 
Industrial Machinery - 0.37%      
H&E Equipment Services, Inc.      
8.375% due 07/15/2016   8,040,000 4,180,800
Insurance - 0.25%      
American International Group, Inc.      
8.175% due 05/15/2058 (b)(h)   8,390,000 2,831,625

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
International Oil - 1.04%      
Corral Finans AB, PIK      
6.2525% due 04/15/2010 (b)(h) $ 8,876,007 $ 5,725,025
Gaz Capital for Gazprom      
6.51% due 03/07/2022 (h)   1,590,000 810,900
6.51% due 03/07/2022   103,000 59,740
KazMunaiGaz Finance Sub BV      
8.375% due 07/02/2013 (h)   2,860,000 2,173,600
Pemex Project Funding Master Trust      
9.125% due 10/13/2010   50,000 52,000
Petroplus Finance, Ltd.      
6.75% due 05/01/2014 (h)   1,745,000 1,125,525
7.00% due 05/01/2017 (h)   2,950,000 1,829,000
      11,775,790
 
Leisure Time - 2.72%      
Boyd Gaming Corp.      
6.75% due 04/15/2014   3,370,000 2,022,000
7.125% due 02/01/2016   2,530,000 1,429,450
Choctaw Resort Development Enterprise      
7.25% due 11/15/2019 (h)   1,587,000 841,110
Downstream Development Authority of the Quapaw    
Tribe of Oklahoma      
12.00% due 10/15/2015 (h)   3,600,000 2,097,000
Fontainebleau Las Vegas Holdings      
10.25% due 06/15/2015 (h)   3,000,000 390,000
Harrah's Operating Company, Inc.      
10.75% due 02/01/2016 (h)   420,000 93,450
Indianapolis Downs Capital LLC      
11.00% due 11/01/2012 (a)(h)   4,810,000 2,260,700
Inn of the Mountain Gods Resort & Casino      
12.00% due 11/15/2010   7,526,000 2,483,580
Mandalay Resort Group      
7.625% due 07/15/2013   1,500,000 510,000
MGM Mirage, Inc.      
5.875% due 02/27/2014   1,100,000 561,000
6.625% due 07/15/2015   260,000 137,150
6.75% due 09/01/2012   2,200,000 1,188,000
8.375% due 02/01/2011 (a)   2,800,000 1,351,000
Mohegan Tribal Gaming Authority      
7.125% due 08/15/2014 (a)   2,900,000 1,522,500
Park Place Entertainment Corp.      
8.125% due 05/15/2011 (a)   7,780,000 2,645,200
River Rock Entertainment Authority      
9.75% due 11/01/2011   445,000 364,900
Seneca Gaming Corp.      
7.25% due 05/01/2012   1,825,000 1,222,750
Snoqualmie Entertainment Authority      
6.875% due 02/01/2014 (b)(h)   2,315,000 1,365,850
Station Casinos, Inc.      
6.00% due 04/01/2012   3,630,000 1,125,300
6.50% due 02/01/2014   500,000 45,000
6.625% due 03/15/2018   1,705,000 153,450
7.75% due 08/15/2016 (a)   6,180,000 1,884,900
Wynn Las Vegas Capital Corp.      
6.625% due 12/01/2014   7,280,000 5,150,600
      30,844,890
 
Manufacturing - 0.19%      
Sequa Corp.      
11.75% due 12/01/2015 (h)   2,540,000 1,117,600

High Yield Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Manufacturing (continued)      
Sequa Corp. (continued)      
13.50% due 12/01/2015 (h) $ 2,625,725 $ 997,776
      2,115,376
 
Medical-Hospitals - 3.37%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   2,670,000 2,162,700
HCA, Inc.      
6.375% due 01/15/2015   5,055,000 2,906,625
7.50% due 12/15/2023   3,050,000 1,539,222
8.75% due 09/01/2010   600,000 555,000
9.25% due 11/15/2016   3,695,000 3,002,188
9.625% due 11/15/2016   19,168,000 13,800,960
Tenet Healthcare Corp.      
6.375% due 12/01/2011   5,690,000 4,324,400
6.50% due 06/01/2012   2,015,000 1,470,950
7.375% due 02/01/2013   6,086,000 4,199,340
9.875% due 07/01/2014   5,750,000 4,140,000
      38,101,385
 
Metal & Metal Products - 0.14%      
Noranda Aluminium Holding Corp.      
8.345% due 11/15/2014 (b)   13,700,000 1,644,000
Mining - 1.05%      
Freeport-McMoRan Copper & Gold, Inc.      
8.375% due 04/01/2017   11,740,000 8,100,600
Vale Overseas, Ltd.      
6.875% due 11/21/2036   1,612,000 1,313,116
8.25% due 01/17/2034   1,021,000 981,967
Vedanta Resources PLC      
8.75% due 01/15/2014 (h)   2,870,000 1,495,988
      11,891,671
 
Office Furnishings & Supplies - 0.42%      
Interface, Inc.      
9.50% due 02/01/2014   3,400,000 2,720,000
10.375% due 02/01/2010   2,110,000 2,036,150
      4,756,150
 
Paper - 2.62%      
Abitibi-Consolidated Company of Canada      
13.75% due 04/01/2011 (h)   12,415,000 8,690,500
15.50% due 07/15/2010 (h)   10,746,000 3,116,340
Appleton Papers, Inc.      
8.125% due 06/15/2011   2,300,000 1,483,500
Appleton Papers, Inc., Series B      
9.75% due 06/15/2014   4,845,000 2,616,300
NewPage Corp.      
9.4425% due 05/01/2012 (b)   12,510,000 6,567,750
NewPage Holding Corp.      
10.265% due 11/01/2013 (b)   3,981,969 1,781,931
Rock-Tenn Company      
9.25% due 03/15/2016 (h)   2,730,000 2,347,800
Smurfit Capital Funding PLC      
7.50% due 11/20/2025   3,280,000 2,164,800
Verso Paper Holdings LLC, Series B      
11.375% due 08/01/2016   2,310,000 854,700
      29,623,621

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Petroleum Services - 1.60%      
Belden & Blake Corp.      
8.75% due 07/15/2012 $ 9,385,000 $ 6,569,500
Compagnie Generale de Geophysique SA      
7.50% due 05/15/2015   1,690,000 1,098,500
Complete Production Services, Inc.      
8.00% due 12/15/2016   3,495,000 2,201,850
Enterprise Products Operating LP      
7.034% due 01/15/2068 (b)   3,350,000 1,942,351
8.375% due 08/01/2066 (b)   2,800,000 1,750,000
Key Energy Services, Inc.      
8.375% due 12/01/2014   4,080,000 2,845,800
Pride International, Inc.      
7.375% due 07/15/2014   1,270,000 1,082,675
SemGroup LP      
8.75% due 11/15/2015 (h)   10,803,000 216,060
Tesoro Corp.      
6.50% due 06/01/2017   700,000 409,500
      18,116,236
 
Publishing - 0.76%      
Dex Media West LLC      
9.875% due 08/15/2013   2,530,000 556,600
Dex Media, Inc.      
8.00% due 11/15/2013   25,000 3,250
9.00% due 11/15/2013   3,660,000 475,800
9.00% due 11/15/2013   2,670,000 347,100
Idearc, Inc.      
8.00% due 11/15/2016   9,775,000 879,750
Sun Media Corp.      
7.625% due 02/15/2013   1,350,000 1,113,750
TL Acquisitions, Inc.      
zero coupon, Step to 13.25% on      
7/15/2009 due 07/15/2015 (h)   4,540,000 1,963,550
10.50% due 01/15/2015 (h)   6,000,000 3,240,000
      8,579,800
 
Railroads & Equipment - 1.17%      
American Railcar Industries, Inc.      
7.50% due 03/01/2014   1,610,000 1,159,200
Grupo Transportacion Ferroviaria Mexicana,      
SA de CV      
9.375% due 05/01/2012   10,075,000 8,009,625
Kansas City Southern de Mexico SA de CV      
7.375% due 06/01/2014   2,975,000 2,186,625
7.625% due 12/01/2013   1,150,000 868,250
Kansas City Southern Railway Company      
7.50% due 06/15/2009   1,060,000 999,050
      13,222,750
 
Real Estate - 0.94%      
Ashton Woods USA      
9.50% due 10/01/2015   3,150,000 630,000
Forest City Enterprises, Inc.      
7.625% due 06/01/2015   145,000 72,500
Host Marriott LP      
7.125% due 11/01/2013   5,100,000 3,710,250
Realogy Corp.      
10.50% due 04/15/2014   7,440,000 1,302,000
11.00% due 04/15/2014 (a)   608,956 92,866
12.375% due 04/15/2015   6,010,000 976,625

High Yield Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Real Estate (continued)      
Ventas Realty LP      
6.50% due 06/01/2016 $ 675,000 $ 528,187
6.75% due 04/01/2017   4,390,000 3,292,500
      10,604,928
 
Retail - 1.25%      
Eye Care Centers of America      
10.75% due 02/15/2015   3,170,000 2,979,800
Inergy LP/Inergy Finance Corp.      
8.25% due 03/01/2016 (h)   1,435,000 1,054,725
Michaels Stores, Inc.      
10.00% due 11/01/2014 (a)   3,915,000 1,233,225
Stater Brothers Holdings      
7.75% due 04/15/2015   1,060,000 848,000
Suburban Propane Partners LP      
6.875% due 12/15/2013   10,440,000 7,986,600
      14,102,350
 
Retail Grocery - 0.20%      
Delhaize America, Inc.      
9.00% due 04/15/2031   2,430,000 2,244,205
Retail Trade - 1.64%      
ACE Hardware Corp.      
9.125% due 06/01/2016 (h)   565,000 412,450
American Greetings Corp.      
7.375% due 06/01/2016   375,000 298,125
Blockbuster, Inc.      
9.00% due 09/01/2012 (a)   6,145,000 3,041,775
Dollar General Corp., PIK      
11.875% due 07/15/2017   8,605,000 6,905,513
Macys Retail Holdings, Inc.      
10.625% due 11/01/2010   1,770,000 1,505,753
Neiman Marcus Group, Inc.      
7.125% due 06/01/2028   1,870,000 860,200
9.00% due 10/15/2015 (h)   12,940,000 5,499,500
      18,523,316
 
Semiconductors - 0.17%      
Freescale Semiconductor, Inc.      
8.875% due 12/15/2014   560,000 190,400
Freescale Semiconductor, Inc., PIK      
9.125% due 12/15/2014   1,110,000 227,550
NXP BV/NXP Funding LLC      
7.5025% due 10/15/2013 (b)   1,540,000 381,150
7.875% due 10/15/2014   1,267,000 380,100
Sensata Technologies B.V.      
8.00% due 05/01/2014 (h)   1,720,000 774,000
      1,953,200
 
Steel - 2.07%      
Evraz Group SA      
8.875% due 04/24/2013 (h)   2,140,000 930,900
9.50% due 04/24/2018 (h)   910,000 391,300
GTL Trade Finance, Inc.      
7.25% due 10/20/2017 (h)   4,215,000 3,528,545
7.25% due 10/20/2017   4,530,000 3,726,197
Metals USA Holdings Corp., PIK      
9.8825% due 07/01/2012   890,000 244,750
Metals USA, Inc.      
11.125% due 12/01/2015   7,850,000 4,827,750

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Steel (continued)      
Ryerson, Inc.      
10.5675% due 11/01/2014 (b)(h) $ 230,000 $ 151,800
12.00% due 11/01/2015 (h)   15,095,000 9,358,900
Tube City IMS Corp.      
9.75% due 02/01/2015   445,000 222,500
      23,382,642
 
Telecommunications Equipment &      
Services - 4.22%      
Axtel SAB de CV      
7.625% due 02/01/2017 (h)   7,200,000 4,896,000
Axtel SAB de CV, Series REGS      
7.625% due 02/01/2017   350,000 277,375
Citizens Communications Company      
7.05% due 10/01/2046   1,000,000 410,000
7.875% due 01/15/2027   3,930,000 1,925,700
9.25% due 05/15/2011   100,000 85,750
Globo Comunicacoes e Participacoes SA      
7.25% due 04/26/2022 (h)   3,798,000 2,914,965
Hawaiian Telcom Communications, Inc., Series B    
12.50% due 05/01/2015   3,360,000 16,800
Inmarsat Finance PLC      
10.375 due 11/15/2012   2,535,000 2,224,462
Intelsat Bermuda, Ltd.      
11.25% due 06/15/2016   3,120,000 2,511,600
Intelsat Corp.      
9.25% due 08/15/2014 (h)   10,500,000 9,056,250
Intelsat Jackson Holdings, Ltd.      
11.50% due 06/15/2016 (h)   3,265,000 2,758,925
11.50% due 06/15/2016 (h)   17,220,000 16,100,700
iPCS, Inc.      
5.3175% due 05/01/2013 (b)(h)   3,140,000 2,198,000
Level 3 Communications, Inc.      
12.25% due 03/15/2013   2,470,000 1,420,250
True Move Company, Ltd.      
10.375% due 08/01/2014 (h)   2,610,000 861,300
World Access, Inc.      
13.25% due 01/15/2049   1,455,674 67,325
      47,725,402
 
Telephone - 4.40%      
Cincinnati Bell Telephone Company      
6.30% due 12/01/2028   2,115,000 1,205,550
Level 3 Financing, Inc.      
6.845% due 02/15/2015 (b)   1,700,000 739,500
9.25% due 11/01/2014   9,775,000 5,131,875
Nordic Telephone Company Holdings      
8.875% due 05/01/2016 (h)   9,040,000 6,554,000
Qwest Communications International, Inc.      
7.25% due 02/15/2011   25,000 19,750
Qwest Communications International, Inc., Series B    
7.50% due 02/15/2014   8,343,000 5,422,950
Sprint Capital Corp.      
6.875% due 11/15/2028   12,770,000 6,257,300
7.625% due 01/30/2011   8,595,000 6,188,400
8.375% due 03/15/2012   2,010,000 1,366,800
8.75% due 03/15/2032   5,415,000 2,815,800
Virgin Media, Inc.      
9.125% due 08/15/2016   10,555,000 7,441,275

High Yield Fund (continued)      
    Shares or    
    Principal    
    Amount   Value
 
CORPORATE BONDS (continued)        
Telephone (continued)        
Windstream Corp.        
8.625% due 08/01/2016 $ 8,560,000 $ 6,676,800
        49,820,000
 
Tobacco - 0.70%        
Alliance One International, Inc.        
8.50% due 05/15/2012   2,870,000   2,138,150
11.00% due 05/15/2012   2,580,000   2,115,600
Altria Group, Inc.        
9.70% due 11/10/2018   3,620,000   3,663,140
        7,916,890
 
Transportation - 0.82%        
Gulfmark Offshore, Inc.        
7.75% due 07/15/2014   1,930,000   1,399,250
Horizon Lines, Inc.        
4.25% due 08/15/2012   5,375,000   3,062,057
Teekay Shipping Corp.        
8.875% due 07/15/2011   5,627,000   4,825,152
        9,286,459
 
Travel Services - 0.02%        
Expedia, Inc.        
8.50% due 07/01/2016 (h)   475,000   289,750
Trucking & Freight - 0.12%        
Saint Acquisition Corp.        
9.8988% due 05/15/2015 (b)(h)   7,300,000   839,500
12.50% due 05/15/2017 (a)(h)   4,235,000   566,431
        1,405,931
 
TOTAL CORPORATE BONDS (Cost $1,572,412,597) $ 962,761,281
 
CONVERTIBLE BONDS - 0.20%        
Telecommunications Equipment &        
Services - 0.20%        
Virgin Media, Inc.        
6.50% due 11/15/2016 (h)    5,530,000    2,301,033
TOTAL CONVERTIBLE BONDS (Cost $3,351,819) $ 2,301,033
 
DEFAULTED BONDS BEYOND MATURITY      
DATES - 0.17%        
Argentina - 0.17%        
Republic of Argentina        
7.00% due 03/18/2049 EUR 6,100,000,000   540,333
7.00% due 03/18/2049   625,000   99,258
7.625 due 08/11/2007   505,000,000   39,349
8.00% due 02/26/2008   304,137   110,126
8.00% due 10/30/2009   175,000,000   9,689
8.125% due 04/21/2008   625,000   220,763
8.125% due 10/04/2049   375,000   61,937
8.50% due 02/23/2049   2,400,000   456,087
9.00% due 06/20/2049   600,000   94,335
9.25% due 10/21/2049   225,000   37,162
9.50% due 03/04/2049   456,000   76,763
9.75% due 11/26/2049   425,000   105,293

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
DEFAULTED BONDS BEYOND MATURITY    
DATES (continued)      
Argentina (continued)      
Republic of Argentina (continued)      
10.00% due 02/22/2007 EUR 775,000 $ 131,695
      1,982,790
 
TOTAL DEFAULTED BONDS BEYOND MATURITY DATES  
(Cost $3,482,084)       $ 1,982,790
 
COMMON STOCKS - 0.01%      
Household Products - 0.01%      
Home Interiors & Gifts, Inc. *   9,260,656 92,606
Telecommunications Equipment &      
Services - 0.00%      
XO Holdings, Inc. *    821   161
TOTAL COMMON STOCKS (Cost $2,429,007)   $ 92,767
 
PREFERRED STOCKS - 0.68%      
Banking - 0.50%      
Bank of America Corp., Series L, 7.25%   9,380 5,674,900
Cable & Television - 0.00%      
ION Media Networks, Inc., Series B, 12.00% 10 4,000
Financial Services - 0.18%      
Citigroup, Inc., Series T, 6.50%    77,700    1,996,890
TOTAL PREFERRED STOCKS (Cost $13,234,158)   $ 7,675,790
 
TERM LOANS - 2.77%      
Apparel & Textiles - 0.00%      
Simmons Holdco, Inc., PIK      
8.2044% due 02/15/2012 (b)   2,500,000 25,000
Auto Parts - 0.41%      
Allison Transmission, Inc.      
5.22% due 08/07/2014 (b)   6,330,161 3,770,966
Allison Transmission, Inc., Tranche B      
8.45% due 08/07/2014 (b)   1,400,000 833,999
      4,604,965
 
Auto Services - 0.10%      
Penhall Holdings, PIK      
12.2875% due 04/01/2012 (b)   2,945,924 1,178,370
Banking - 0.35%      
HSBC Bank PLC      
8.90% due 12/20/2010 (b)   52,153,000 1,105,320
RSHB Capital      
9.50% due 02/11/2011 (b)   120,168,000 2,847,699
      3,953,019
 
Containers & Glass - 0.19%      
Berry Plastics Group, Inc.      
11.3338% due 06/15/2014 (b)   7,317,108 2,195,132
Domestic Oil - 0.18%      
Ashmore Energy      
6.7619% due 03/30/2014 (b)   3,544,071 2,002,400
Gas & Pipeline Utilities - 0.19%      
Stallion Oilfield Services      
8.5063% due 07/31/2012 (b)   4,200,000 2,100,000

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Healthcare Services - 0.26%      
Iasis Holdco, Inc., PIK      
8.7575% due 06/15/2014 (b) $ 5,761,409 $ 2,880,705
Paper - 0.25%      
Georgia Pacific Corp.      
5.5119% due 12/20/2012   3,000,000 2,297,499
Verso Paper Holdings, Inc.      
10.0119% due 02/01/2013 (b)   1,344,000 571,200
      2,868,699
 
Publishing - 0.33%      
Idearc, Inc.      
7.38% due 11/01/2014   1,284,634 418,423
Newsday LLC      
9.75% due 08/01/2013   4,000,000 3,320,000
      3,738,423
 
Telecommunications Equipment &      
Services - 0.51%      
Wind Acquisition Finance SA, PIK      
13.0613% due 12/21/2011 (b)    8,476,978   5,764,345
TOTAL TERM LOANS (Cost $56,726,969)   $ 31,311,058
 
WARRANTS - 0.01%      
Republic of Venezuela - 0.01%      
Republic of Venezuela      
(Expiration date 04/15/2020; strike      
price $26.00) *    305,000   74,725
TOTAL WARRANTS (Cost $94,550)       $ 74,725
 
REPURCHASE AGREEMENTS - 1.94%    
JPMorgan Chase & Company      
Tri-Party Repurchase Agreement      
dated 11/28/2008 at 0.17% to be      
repurchased at $13,165,186 on      
12/01/2008, collateralized by      
$13,462,000 Federal Home Loan      
Bank, zero coupon, due      
12/31/2008 (valued at      
$13,428,301, including interest) $ 13,165,000 $ 13,165,000
Merrill Lynch Tri-Party Repurchase      
Agreement dated 11/28/2008 at 0.18% to    
be repurchased at $8,835,133 on      
12/01/2008, collateralized $9,014,000    
Federal National Mortgage Association,    
zero coupon, due 12/31/2008 (valued at    
$9,011,700, including interest)    8,835,000   8,835,000
TOTAL REPURCHASE AGREEMENTS    
(Cost $22,000,000)     $ 22,000,000
 
SHORT TERM INVESTMENTS - 10.69%    
Bank Negara Malaysia Monetary Notes      
zero coupon due 12/16/2008 to      
12/23/2008 MYR 1,890,000 $ 520,022
Bank Negara Malaysia Monetary Notes, Series 114    
zero coupon due 12/30/2008   540,000 148,643
Bank Negara Malaysia Monetary Notes, Series 119    
zero coupon due 12/30/2008   300,000 82,579

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS (continued)    
Bank Negara Malaysia Monetary Notes, Series 3508    
zero coupon due 02/17/2009 MYR 800,000 $ 219,158
Bank Negara Malaysia Monetary Notes, Series 3808    
zero coupon due 12/16/2008   1,180,000 325,217
Bank Negara Malaysia Monetary Notes, Series 4008    
zero coupon due 12/30/2008   5,582,000 1,536,301
Federal Home Loan Mortgage Corp., Discount Notes    
zero coupon due 01/23/2009 (a) $ 50,000,000 49,896,945
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   68,281,051    68,281,051
TOTAL SHORT TERM INVESTMENTS    
(Cost $121,113,064)      $ 121,009,916
Total Investments (High Yield Fund)      
(Cost $1,847,766,023) - 104.64%     $ 1,184,386,536
Liabilities in Excess of Other Assets - (4.64)%   (52,504,783)
TOTAL NET ASSETS - 100.00%     $ 1,131,881,753
 
 
Index 500 Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 97.11%      
Advertising - 0.15%      
Interpublic Group of Companies, Inc. *   118,760 $ 485,728
Monster Worldwide, Inc. *   30,902 354,446
Omnicom Group, Inc.   79,461 2,247,952
      3,088,126
Aerospace - 2.09%      
Boeing Company   184,506 7,865,491
General Dynamics Corp.   99,018 5,116,260
Goodrich Corp.   31,182 1,049,274
Lockheed Martin Corp.   82,984 6,398,896
Northrop Grumman Corp.   84,130 3,445,124
Raytheon Company   103,913 5,070,954
Rockwell Collins, Inc.   39,734 1,354,135
United Technologies Corp.   240,366 11,664,962
      41,965,096
Agriculture - 0.76%      
Archer-Daniels-Midland Company   160,584 4,396,790
Monsanto Company   137,088 10,857,369
      15,254,159
Air Travel - 0.08%      
Southwest Airlines Company   182,933 1,582,370
Aluminum - 0.11%      
Alcoa, Inc.   202,739 2,181,472
Apparel & Textiles - 0.47%      
Cintas Corp.   32,944 791,315
Coach, Inc. *   83,970 1,503,063
Jones Apparel Group, Inc.   20,795 106,678
Liz Claiborne, Inc.   23,623 67,326
NIKE, Inc., Class B   97,789 5,207,264
Polo Ralph Lauren Corp., Class A   14,170 612,144

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Apparel & Textiles (continued)    
VF Corp. 21,717 $ 1,135,582
    9,423,372
Auto Parts - 0.26%    
AutoZone, Inc. * 9,537 1,041,631
Genuine Parts Company 40,330 1,578,919
Johnson Controls, Inc. 147,998 2,613,645
    5,234,195
Auto Services - 0.01%    
AutoNation, Inc. * 26,859 229,376
Automobiles - 0.24%    
Ford Motor Company * 563,642 1,516,197
General Motors Corp. (a) 152,158 797,308
PACCAR, Inc. 90,564 2,524,019
    4,837,524
Banking - 3.09%    
Bank of America Corp. 1,250,018 20,312,792
BB&T Corp. (a) 136,961 4,104,721
Comerica, Inc. 37,500 845,625
Fifth Third Bancorp 143,950 1,376,162
First Horizon National Corp. 50,285 537,550
Hudson City Bancorp, Inc. 129,529 2,164,430
Huntington BancShares, Inc. 91,263 730,104
KeyCorp 123,294 1,156,498
M&T Bank Corp. (a) 19,228 1,235,399
Marshall & Ilsley Corp. (a) 64,665 999,074
National City Corp. 521,671 1,048,559
Northern Trust Corp. 55,096 2,528,355
PNC Financial Services Group, Inc. 86,365 4,557,481
Regions Financial Corp. 173,180 1,764,704
Sovereign Bancorp, Inc. * (a) 135,454 334,571
SunTrust Banks, Inc. 88,157 2,797,222
U.S. Bancorp 434,208 11,714,932
Wachovia Corp. 538,096 3,024,100
Zions Bancorp (a) 28,582 911,480
    62,143,759
Biotechnology - 1.27%    
Amgen, Inc. * 263,716 14,646,787
Biogen Idec, Inc. * 72,346 3,060,959
Cephalon, Inc. * 16,945 1,245,119
Genzyme Corp. * 66,962 4,286,907
Life Technologies Corp. * 60,509 1,579,285
Millipore Corp. * 13,755 696,828
    25,515,885
Broadcasting - 0.28%    
CBS Corp., Class B 169,471 1,128,677
News Corp., Class A 572,268 4,520,917
    5,649,594
Building Materials & Construction - 0.04%    
Masco Corp. 89,730 859,613
Business Services - 1.00%    
Affiliated Computer Services, Inc., Class A * 24,244 980,670
Automatic Data Processing, Inc. 126,835 5,207,845
Computer Sciences Corp. * 37,722 1,050,935

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Business Services (continued)    
Convergys Corp. * 30,365 $ 190,996
Equifax, Inc. 31,966 813,535
Fiserv, Inc. * 40,887 1,395,882
Fluor Corp. 44,616 2,031,813
H & R Block, Inc. 81,776 1,564,375
Jacobs Engineering Group, Inc. * 30,512 1,366,022
Moody's Corp. 49,202 1,068,175
Paychex, Inc. 79,972 2,260,009
R.R. Donnelley & Sons Company 52,343 667,897
Robert Half International, Inc. 38,861 811,806
Total Systems Services, Inc. 49,271 703,097
    20,113,057
Cable & Television - 0.93%    
Comcast Corp., Class A 727,356 12,612,353
DIRECTV Group, Inc. * 136,127 2,996,155
Scripps Networks Interactive, Inc., Class A 22,402 622,552
Viacom, Inc., Class B * 154,763 2,463,827
    18,694,887
Cellular Communications - 0.12%    
Motorola, Inc. 564,648 2,433,633
Chemicals - 1.18%    
Air Products & Chemicals, Inc. 52,801 2,521,776
Ashland, Inc. 1,953 18,651
CF Industries Holdings, Inc. 14,081 741,083
Dow Chemical Company 230,549 4,276,684
E.I. Du Pont de Nemours & Company 224,865 5,635,117
Eastman Chemical Company 18,081 594,865
PPG Industries, Inc. 40,907 1,796,635
Praxair, Inc. 78,510 4,636,015
Rohm & Haas Company 30,870 2,111,817
Sigma-Aldrich Corp. 31,398 1,353,568
    23,686,211
Coal - 0.16%    
CONSOL Energy, Inc. 45,660 1,322,770
Massey Energy Company 21,078 329,239
Peabody Energy Corp. 67,782 1,588,132
    3,240,141
Commercial Services - 0.01%    
CB Richard Ellis Group, Inc. * 53,464 243,796
Computer Services - 0.05%    
NetApp, Inc. * 81,603 1,101,640
Computers & Business Equipment - 5.59%    
Apple, Inc. * 220,805 20,461,999
Cisco Systems, Inc. * 1,472,355 24,352,752
Cognizant Technology Solutions Corp.,    
Class A * 72,688 1,395,610
Dell, Inc. * 434,428 4,852,561
EMC Corp. * 516,080 5,454,966
Hewlett-Packard Company 610,440 21,536,323
International Business Machines Corp. 337,694 27,555,830
Juniper Networks, Inc. * 135,478 2,354,608
Lexmark International, Inc. * 19,541 511,583
Metavante Technologies, Inc. * 1 17
Pitney Bowes, Inc. 51,790 1,279,731

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Computers & Business Equipment    
(continued)    
SanDisk Corp. * 56,084 $ 448,672
Sun Microsystems, Inc. * 187,674 594,926
Xerox Corp. 217,404 1,519,654
    112,319,232
Construction & Mining Equipment - 0.17%    
National Oilwell Varco, Inc. * 104,032 2,943,065
Rowan Companies, Inc. 28,166 488,680
    3,431,745
Construction Materials - 0.15%    
The Sherwin-Williams Company (a) 24,593 1,449,266
Vulcan Materials Company (a) 27,376 1,642,012
    3,091,278
Containers & Glass - 0.15%    
Ball Corp. 24,099 878,408
Bemis Company, Inc. 24,839 671,150
Pactiv Corp. * 32,632 815,474
Sealed Air Corp. 39,404 623,765
    2,988,797
Cosmetics & Toiletries - 3.28%    
Avon Products, Inc. 106,104 2,238,794
Colgate-Palmolive Company 126,054 8,202,334
Estee Lauder Companies, Inc., Class A 28,619 798,470
International Flavors & Fragrances, Inc. 19,581 598,004
Kimberly-Clark Corp. 103,492 5,980,802
Procter & Gamble Company 746,668 48,048,086
    65,866,490
Crude Petroleum & Natural Gas - 2.70%    
Apache Corp. 83,362 6,443,883
Cabot Oil & Gas Corp. 25,761 772,057
Chesapeake Energy Corp. 129,921 2,232,043
Devon Energy Corp. 110,119 7,966,008
EOG Resources, Inc. 62,014 5,272,430
Hess Corp. 70,548 3,812,414
Marathon Oil Corp. 175,858 4,603,962
Noble Energy, Inc. 43,045 2,250,393
Occidental Petroleum Corp. 203,657 11,025,990
Pioneer Natural Resources Company 29,825 598,886
Southwestern Energy Company * 85,539 2,939,975
Sunoco, Inc. 29,128 1,157,547
XTO Energy, Inc. 136,920 5,235,821
    54,311,409
Domestic Oil - 0.08%    
Range Resources Corp. 38,659 1,603,189
Drugs & Health Care - 0.60%    
Wyeth 332,358 11,968,212
Educational Services - 0.10%    
Apollo Group, Inc., Class A * 26,471 2,034,032
Electrical Equipment - 0.42%    
Cooper Industries, Ltd., Class A 43,368 1,046,903
Emerson Electric Company 193,404 6,941,270

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
Molex, Inc. 35,559 $ 483,602
    8,471,775
Electrical Utilities - 3.28%    
AES Corp. * 167,682 1,289,475
Allegheny Energy, Inc. 42,089 1,483,637
Ameren Corp. 52,394 1,864,179
American Electric Power Company, Inc. 100,263 3,137,229
CenterPoint Energy, Inc. 85,200 1,101,636
CMS Energy Corp. 56,152 570,504
Consolidated Edison, Inc. 68,092 2,750,236
Constellation Energy Group, Inc. 44,449 1,087,667
Dominion Resources, Inc. 144,550 5,322,331
DTE Energy Company 40,652 1,511,848
Dynegy, Inc., Class A * 126,008 280,998
Edison International 81,209 2,712,381
Entergy Corp. 47,750 4,063,525
Exelon Corp. 163,840 9,209,447
FirstEnergy Corp. 75,981 4,450,967
FPL Group, Inc. 101,817 4,964,597
Integrys Energy Group, Inc. 19,049 841,585
Pepco Holdings, Inc. 53,778 967,466
PG&E Corp. 89,370 3,399,635
Pinnacle West Capital Corp. 25,108 763,283
PPL Corp. 93,342 3,163,360
Teco Energy, Inc. 53,025 689,325
The Southern Company 191,970 6,972,350
Wisconsin Energy Corp. 29,142 1,266,511
Xcel Energy, Inc. 111,167 2,091,051
    65,955,223
Electronics - 0.55%    
Agilent Technologies, Inc. * 89,117 1,678,073
Amphenol Corp., Class A 44,068 1,023,259
Harman International Industries, Inc. 14,589 219,564
Jabil Circuit, Inc. 52,351 344,470
L-3 Communications Holdings, Inc. 30,264 2,032,833
Thermo Fisher Scientific, Inc. * 104,440 3,726,419
Tyco Electronics, Ltd. 120,893 1,992,317
    11,016,935
Energy - 0.52%    
Duke Energy Corp. 315,276 4,905,694
Progress Energy, Inc. 65,301 2,591,797
Sempra Energy 61,410 2,866,005
    10,363,496
Financial Services - 6.89%    
American Express Company 288,977 6,736,054
Ameriprise Financial, Inc. 54,071 998,151
Bank of New York Mellon Corp. 285,659 8,629,758
Capital One Financial Corp. 93,652 3,222,565
Charles Schwab Corp. 232,523 4,262,147
CIT Group, Inc. 71,126 237,561
Citigroup, Inc. 1,357,265 11,251,727
CME Group, Inc. 16,724 3,544,652
Discover Financial Services 119,477 1,222,250
E*TRADE Financial Corp. * (a) 133,904 180,770

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
Federated Investors, Inc., Class B 21,903 $ 434,775
Fidelity National Information Services, Inc. 47,287 812,391
Franklin Resources, Inc. 37,953 2,305,645
Goldman Sachs Group, Inc. 108,288 8,553,669
IntercontinentalExchange, Inc. * 18,789 1,382,870
Invesco, Ltd. 96,400 1,209,820
Janus Capital Group, Inc. 39,833 324,639
JPMorgan Chase & Company 918,226 29,071,035
Legg Mason, Inc. 35,329 636,629
Leucadia National Corp. 44,107 862,292
MasterCard, Inc., Class A 18,031 2,619,904
Merrill Lynch & Company, Inc. 381,718 5,046,312
Morgan Stanley 276,422 4,077,224
Nasdaq Stock Market, Inc. * 33,885 728,527
NYSE Euronext 66,300 1,578,603
People's United Financial, Inc. 86,468 1,648,945
SLM Corp. * 116,474 1,072,726
State Street Corp. 107,614 4,531,625
T. Rowe Price Group, Inc. 64,492 2,206,271
Wells Fargo & Company 926,329 26,761,645
Western Union Company 181,737 2,411,650
    138,562,832
Food & Beverages - 4.10%    
Campbell Soup Company 52,782 1,691,663
Coca-Cola Enterprises, Inc. 79,034 725,532
ConAgra Foods, Inc. 112,913 1,665,467
Dean Foods Company * 37,974 552,902
Dr Pepper Snapple Group, Inc. * 63,231 1,020,548
General Mills, Inc. 83,799 5,293,583
H.J. Heinz Company 77,844 3,023,461
Hershey Company 41,307 1,487,052
J.M. Smucker Company 29,409 1,334,286
Kellogg Company 62,414 2,710,640
Kraft Foods, Inc., Class A 378,390 10,295,992
McCormick & Company, Inc. 32,143 956,897
Pepsi Bottling Group, Inc. 34,041 615,802
PepsiCo, Inc. 390,206 22,124,680
Sara Lee Corp. 176,067 1,616,295
Sysco Corp. 150,047 3,518,602
The Coca-Cola Company 495,482 23,223,241
Tyson Foods, Inc., Class A 74,785 501,808
    82,358,451
Forest Products - 0.10%    
Weyerhaeuser Company 52,662 1,981,144
Furniture & Fixtures - 0.03%    
Leggett & Platt, Inc. 40,065 584,949
Gas & Pipeline Utilities - 0.70%    
El Paso Corp. 174,774 1,291,580
Nicor, Inc. 11,253 458,897
NiSource, Inc. 68,351 823,630
Questar Corp. 43,216 1,391,123
Spectra Energy Corp. 153,248 2,491,812
Transocean, Inc. * 79,518 5,318,164

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Gas & Pipeline Utilities (continued)    
Williams Companies, Inc. 143,634 $ 2,329,744
    14,104,950
Healthcare Products - 4.04%    
Baxter International, Inc. 156,444 8,275,888
Becton, Dickinson & Company 60,710 3,856,906
Boston Scientific Corp. * 374,035 2,307,796
C.R. Bard, Inc. 24,760 2,031,063
Covidien, Ltd. 125,075 4,609,014
DENTSPLY International, Inc. 37,053 966,342
Intuitive Surgical, Inc. * 9,680 1,282,890
Johnson & Johnson 696,528 40,802,610
Medtronic, Inc. 281,228 8,583,079
Patterson Companies, Inc. * 22,702 427,252
St. Jude Medical, Inc. * 85,191 2,387,904
Stryker Corp. 61,661 2,399,846
Varian Medical Systems, Inc. * 31,118 1,255,922
Zimmer Holdings, Inc. * 56,139 2,095,107
    81,281,619
Healthcare Services - 1.61%    
Cardinal Health, Inc. 89,519 2,911,158
Coventry Health Care, Inc. * 36,919 460,380
DaVita, Inc. * 26,022 1,307,605
Express Scripts, Inc. * 61,472 3,535,255
Humana, Inc. * 42,096 1,272,562
IMS Health, Inc. 45,331 596,102
Laboratory Corp. of America Holdings * 27,716 1,756,086
McKesson Corp. 68,771 2,402,859
Medco Health Solutions, Inc. * 126,045 5,293,890
Quest Diagnostics, Inc. 39,396 1,834,672
UnitedHealth Group, Inc. 303,499 6,376,514
WellPoint, Inc. * 127,450 4,537,220
    32,284,303
Holdings Companies/Conglomerates - 0.05%    
Textron, Inc. 61,948 943,468
Homebuilders - 0.09%    
Centex Corp. 30,801 282,137
D.R. Horton, Inc. 68,656 471,667
KB Home 18,760 218,179
Lennar Corp., Class A 35,232 250,500
Pulte Homes, Inc. 53,253 567,144
    1,789,627
Hotels & Restaurants - 1.23%    
Darden Restaurants, Inc. 35,006 640,260
Marriott International, Inc., Class A 73,655 1,236,667
McDonald's Corp. 280,326 16,469,152
Starbucks Corp. * 182,103 1,626,180
Starwood Hotels & Resorts Worldwide, Inc. 46,538 784,631
Wyndham Worldwide Corp. 44,235 211,443
Wynn Resorts, Ltd. * 15,319 610,003
Yum! Brands, Inc. 116,830 3,147,400
    24,725,736
Household Appliances - 0.07%    
Black & Decker Corp. 14,947 634,351

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Household Appliances (continued)    
Whirlpool Corp. 18,554 $ 730,656
    1,365,007
Household Products - 0.22%    
Clorox Company 34,419 2,036,228
Fortune Brands, Inc. 37,368 1,412,510
Newell Rubbermaid, Inc. 69,068 922,749
    4,371,487
Industrial Machinery - 1.07%    
Cameron International Corp. * 54,258 1,144,844
Caterpillar, Inc. 151,723 6,219,126
Cummins, Inc. 50,523 1,292,378
Deere & Company 106,431 3,704,863
Dover Corp. 46,821 1,396,670
Flowserve Corp. 14,302 719,820
Ingersoll-Rand Company, Ltd., Class A 79,393 1,244,882
ITT Corp. 45,300 1,896,258
Manitowoc Company, Inc. 32,472 255,879
Pall Corp. 29,879 821,971
Parker-Hannifin Corp. 41,782 1,716,405
W.W. Grainger, Inc. 16,152 1,139,847
    21,552,943
Industrials - 0.06%    
Fastenal Company (a) 32,209 1,240,369
Insurance - 2.54%    
Aetna, Inc. 117,547 2,564,876
AFLAC, Inc. 118,696 5,495,625
Allstate Corp. 134,973 3,433,713
American International Group, Inc. 670,192 1,347,086
Aon Corp. 69,209 3,135,168
Assurant, Inc. 29,560 643,521
Chubb Corp. 89,869 4,615,672
CIGNA Corp. 68,509 829,644
Cincinnati Financial Corp. 40,474 1,183,460
Genworth Financial, Inc., Class A 107,943 156,517
Hartford Financial Services Group, Inc. 75,098 634,578
Lincoln National Corp. 64,014 878,912
Loews Corp. 90,254 2,472,057
Marsh & McLennan Companies, Inc. 127,840 3,259,920
MBIA, Inc. (a) 48,731 285,076
MetLife, Inc. 189,850 5,460,086
Principal Financial Group, Inc. 64,595 892,057
Progressive Corp. 168,381 2,529,083
Prudential Financial, Inc. 106,430 2,309,531
The Travelers Companies, Inc. 147,257 6,427,768
Torchmark Corp. 21,742 785,973
Unum Group 86,115 1,283,114
XL Capital, Ltd., Class A 82,449 414,718
    51,038,155
International Oil - 8.75%    
Anadarko Petroleum Corp. 116,767 4,793,285
Chevron Corp. 512,077 40,459,204
ConocoPhillips 378,812 19,895,206
Exxon Mobil Corp. 1,294,606 103,762,671
Murphy Oil Corp. 47,466 2,090,877

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
International Oil (continued)    
Nabors Industries, Ltd. * 69,829 $ 1,012,521
Noble Corp. 67,080 1,797,073
Weatherford International, Ltd. * 169,652 2,166,456
    175,977,293
Internet Content - 1.07%    
Google, Inc., Class A * 59,565 17,450,162
Yahoo!, Inc. * 345,409 3,975,658
    21,425,820
Internet Retail - 0.37%    
Amazon.com, Inc. * 79,621 3,399,816
eBay, Inc. * 272,299 3,575,286
Expedia, Inc. * 52,157 438,119
    7,413,221
Internet Software - 0.24%    
Akamai Technologies, Inc. * 42,153 517,217
Salesforce.com, Inc. * 25,937 742,317
Symantec Corp. * 209,146 2,516,027
VeriSign, Inc. * 48,158 1,039,731
    4,815,292
Investment Companies - 0.01%    
American Capital, Ltd. (a) 51,596 218,767
Leisure Time - 0.75%    
Carnival Corp. 108,911 2,287,131
Electronic Arts, Inc. * 79,466 1,514,622
International Game Technology 77,167 826,459
Walt Disney Company 467,700 10,532,604
    15,160,816
Life Sciences - 0.08%    
PerkinElmer, Inc. 29,788 537,971
Waters Corp. * 24,672 1,017,227
    1,555,198
Liquor - 0.17%    
Brown Forman Corp., Class B 24,444 1,072,847
Constellation Brands, Inc., Class A * 48,313 616,474
Molson Coors Brewing Company, Class B 37,546 1,669,671
    3,358,992
Manufacturing - 3.79%    
3M Company 174,224 11,660,812
Danaher Corp. 63,596 3,538,481
Eaton Corp. 41,425 1,919,635
General Electric Company 2,616,095 44,918,351
Harley-Davidson, Inc. 58,655 997,722
Honeywell International, Inc. 185,551 5,169,451
Illinois Tool Works, Inc. 99,678 3,401,013
Rockwell Automation, Inc. 36,289 1,130,402
Snap-on, Inc. 14,316 516,092
Stanley Works 19,585 622,607
Tyco International, Ltd. 115,180 2,407,262
    76,281,828
Medical-Hospitals - 0.01%    
Tenet Healthcare Corp. * 103,394 125,107

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Metal & Metal Products - 0.12%    
Precision Castparts Corp. 34,733 $ 2,177,759
Titanium Metals Corp. (a) 21,211 179,233
    2,356,992
Mining - 0.30%    
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 95,702 2,295,891
Newmont Mining Corp. 113,827 3,830,279
    6,126,170
Multimedia - 0.40%    
Time Warner, Inc. 893,019 8,081,822
Office Furnishings & Supplies - 0.05%    
Avery Dennison Corp. 26,542 825,456
Office Depot, Inc. * 68,541 135,026
    960,482
Paper - 0.17%    
International Paper Company 106,568 1,326,772
MeadWestvaco Corp. 42,575 496,424
Plum Creek Timber Company, Inc. 42,653 1,518,020
    3,341,216
Petroleum Services - 1.39%    
Baker Hughes, Inc. 76,827 2,675,885
BJ Services Company 73,317 879,071
ENSCO International, Inc. 35,720 1,157,685
Halliburton Company 218,562 3,846,691
Schlumberger, Ltd. 299,000 15,171,260
Smith International, Inc. 53,837 1,574,194
Tesoro Corp. 34,370 315,860
Valero Energy Corp. 130,398 2,392,803
    28,013,449
Pharmaceuticals - 5.70%    
Abbott Laboratories 384,231 20,129,862
Allergan, Inc. 76,648 2,888,097
AmerisourceBergen Corp. 39,497 1,238,231
Barr Pharmaceuticals, Inc. * 27,126 1,773,769
Bristol-Myers Squibb Company 493,420 10,213,794
Celgene Corp. * 113,380 5,907,098
Eli Lilly & Company 249,379 8,516,293
Forest Laboratories, Inc. * 75,988 1,837,390
Gilead Sciences, Inc. * 229,289 10,269,854
Hospira, Inc. * 39,743 1,193,482
King Pharmaceuticals, Inc. * 61,437 590,410
Merck & Company, Inc. 534,012 14,268,801
Mylan, Inc. * (a) 75,894 714,162
Pfizer, Inc. 1,680,195 27,605,604
Schering-Plough Corp. 405,179 6,811,059
Watson Pharmaceuticals, Inc. * 26,038 618,402
    114,576,308
Photography - 0.02%    
Eastman Kodak Company (a) 66,914 506,539
Publishing - 0.17%    
Gannett Company, Inc. (a) 56,858 495,233
McGraw-Hill Companies, Inc. 79,162 1,979,050
Meredith Corp. 9,023 145,631

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Publishing (continued)    
The New York Times Company, Class A (a) 29,028 $ 218,871
The Washington Post Company, Class B 1,494 591,475
    3,430,260
Railroads & Equipment - 1.00%    
Burlington Northern Santa Fe Corp. (a) 70,391 5,392,655
CSX Corp. 101,605 3,783,770
Norfolk Southern Corp. 93,518 4,626,336
Union Pacific Corp. 126,911 6,350,626
    20,153,387
Real Estate - 0.76%    
Apartment Investment & Management    
Company, Class A, REIT (a) 21,340 244,770
Avalon Bay Communities, Inc., REIT 19,203 1,165,046
Boston Properties, Inc., REIT 29,863 1,594,684
Developers Diversified Realty Corp., REIT 29,978 143,894
Equity Residential, REIT 67,528 2,054,877
HCP, Inc., REIT 62,722 1,296,464
Host Hotels & Resorts, Inc., REIT 129,478 973,675
Kimco Realty Corp., REIT 56,600 800,890
ProLogis, REIT (a) 65,422 250,566
Public Storage, Inc., REIT 31,214 2,181,546
Simon Property Group, Inc., REIT 56,092 2,664,370
Vornado Realty Trust, REIT 34,137 1,824,623
    15,195,405
Retail Grocery - 0.39%    
Safeway, Inc. 108,523 2,365,802
SUPERVALU, Inc. 52,941 630,527
The Kroger Company 163,236 4,515,108
Whole Foods Market, Inc. (a) 34,966 369,940
    7,881,377
Retail Trade - 4.80%    
Abercrombie & Fitch Company, Class A 21,694 419,345
Bed Bath & Beyond, Inc. * 64,908 1,316,983
Best Buy Company, Inc. 84,193 1,743,637
Big Lots, Inc. * 20,445 358,196
Costco Wholesale Corp. 108,368 5,577,701
CVS Caremark Corp. 357,720 10,348,840
Family Dollar Stores, Inc. 34,819 967,272
GameStop Corp., Class A * 40,716 889,645
Home Depot, Inc. 423,343 9,783,457
J.C. Penney Company, Inc. 55,353 1,051,153
Kohl's Corp. * 75,911 2,479,253
Limited Brands, Inc. 71,132 662,239
Lowe's Companies, Inc. 365,321 7,547,532
Macy's, Inc. 104,822 777,779
Nordstrom, Inc. 39,750 451,958
RadioShack Corp. 32,685 321,947
Sears Holdings Corp. * (a) 14,179 513,989
Staples, Inc. 177,227 3,076,661
Target Corp. 188,099 6,350,222
The Gap, Inc. 117,032 1,523,757
The TJX Companies, Inc. 104,538 2,385,557
Tiffany & Company 30,909 611,689
Walgreen Company 246,729 6,104,075

Index 500 Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Retail Trade (continued)    
Wal-Mart Stores, Inc. 558,910 $ 31,231,891
    96,494,778
Sanitary Services - 0.37%    
Allied Waste Industries, Inc. * 84,466 907,165
Ecolab, Inc. 43,758 1,679,870
Stericycle, Inc. * 21,287 1,219,745
Waste Management, Inc. 122,248 3,569,641
    7,376,421
Semiconductors - 1.99%    
Advanced Micro Devices, Inc. * (a) 151,343 357,170
Altera Corp. 74,978 1,102,926
Analog Devices, Inc. 72,394 1,237,937
Applied Materials, Inc. 334,409 3,203,638
Broadcom Corp., Class A * 110,007 1,684,207
Intel Corp. 1,401,285 19,337,733
KLA-Tencor Corp. 43,176 812,141
Linear Technology Corp. 55,216 1,101,559
LSI Logic Corp. * 160,423 429,934
MEMC Electronic Materials, Inc. * 56,305 845,701
Microchip Technology, Inc. 45,894 849,039
Micron Technology, Inc. * 189,690 519,751
National Semiconductor Corp. 48,595 534,545
Novellus Systems, Inc. * 24,713 306,194
NVIDIA Corp. * 138,728 1,036,298
QLogic Corp. * 32,697 347,242
Teradyne, Inc. * 42,089 159,517
Texas Instruments, Inc. 326,737 5,087,295
Xilinx, Inc. 68,904 1,127,270
    40,080,097
Software - 3.31%    
Adobe Systems, Inc. * 132,216 3,062,123
Autodesk, Inc. * 56,069 930,185
BMC Software, Inc. * 47,364 1,182,205
CA, Inc. 98,173 1,653,233
Citrix Systems, Inc. * 45,458 1,211,910
Compuware Corp. * 63,532 403,428
Intuit, Inc. * 80,012 1,773,066
Microsoft Corp. 1,957,126 39,573,088
Novell, Inc. * 86,054 391,546
Oracle Corp. * 976,672 15,714,652
Teradata Corp. * 44,491 597,514
    66,492,950
Steel - 0.22%    
AK Steel Holding Corp. 27,967 220,380
Allegheny Technologies, Inc. (a) 24,996 573,658
Nucor Corp. 78,907 2,815,402
United States Steel Corp. 29,284 890,234
    4,499,674
Telecommunications Equipment &    
Services - 1.09%    
American Tower Corp., Class A * 98,190 2,674,696
Ciena Corp. * 22,511 166,581
Corning, Inc. 393,296 3,543,597
Embarq Corp. 35,520 1,159,373

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Index 500 Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunications Equipment &      
Services (continued)      
JDS Uniphase Corp. *   53,434 $ 145,340
QUALCOMM, Inc.   409,010 13,730,466
Tellabs, Inc. *   99,095 413,226
      21,833,279
Telephone - 3.57%      
AT&T, Inc.   1,468,832 41,949,842
CenturyTel, Inc.   25,511 677,572
Frontier Communications Corp.   78,752 686,717
Harris Corp.   33,449 1,166,701
Qwest Communications International, Inc. (a) 369,965 1,183,888
Sprint Nextel Corp.   711,409 1,984,831
Verizon Communications, Inc.   709,798 23,174,905
Windstream Corp.   109,573 970,817
      71,795,273
Tires & Rubber - 0.02%      
Goodyear Tire & Rubber Company *   60,105 386,475
Tobacco - 1.83%      
Altria Group, Inc.   513,388 8,255,279
Lorillard, Inc.   43,351 2,619,701
Philip Morris International, Inc.   513,757 21,659,995
Reynolds American, Inc.   42,372 1,740,642
UST, Inc.   36,777 2,528,419
      36,804,036
Toys, Amusements & Sporting Goods - 0.10%    
Hasbro, Inc.   31,295 838,706
Mattel, Inc. *   89,861 1,228,400
      2,067,106
Transportation - 0.20%      
C.H. Robinson Worldwide, Inc.   42,376 2,164,566
Expeditors International of Washington, Inc.   53,104 1,775,267
      3,939,833
Trucking & Freight - 1.02%      
FedEx Corp.   77,564 5,479,896
Ryder Systems, Inc.   14,071 505,290
United Parcel Service, Inc., Class B   251,285 14,474,016
      20,459,202
Utility Service - 0.19%      
Public Service Enterprise Group, Inc.    126,739   3,916,235
TOTAL COMMON STOCKS (Cost $2,340,763,580)    $ 1,952,185,859
 
SHORT TERM INVESTMENTS - 8.23%    
Federal Home Loan Mortgage Association      
Discount Notes      
zero coupon due 01/06/2009 $ 725,000 $ 724,565
Federal National Mortgage Association Discount    
Notes      
zero coupon due 02/25/2009 to      
03/16/2009   60,500,000 60,405,096
zero coupon due 01/27/2009 to      
02/11/2009 (a)   29,446,000 29,392,494
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   73,919,101 73,919,101

Index 500 Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS (continued)    
UBS Finance Delaware LLC      
0.50% due 12/01/2008 $ 990,000 $ 990,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $165,431,256)       $ 165,431,256
Total Investments (Index 500 Fund)      
(Cost $2,506,194,836) - 105.34%     $ 2,117,617,115
Liabilities in Excess of Other Assets - (5.34)%   (107,379,558)
TOTAL NET ASSETS - 100.00%     $ 2,010,237,557
 
 
International Equity Index Fund    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 93.46%      
Chile - 0.39%      
Banco Santander   1,001 $ 5,723
Banco Santander SA   52,587 429,600
      1,344,052
Israel - 0.57%      
Koor Industries, Ltd.   225 0
Luxembourg - 0.28%      
Reinet Investments SCA   2,402 3,509
South Africa - 1.16%      
Reinet Investments SCA   921 1,553
Sappi, Ltd.   6,082 8,990
      3,970,124
Spain - 2.96%      
Cintra Concesiones de Infrestructuras de      
Transporte SA   242 1,890
Mapfre SA   11 0
      10,142,737
Sweden - 1.38%      
Getinge AB   6,000 9,781
 
COMMON STOCKS - 93.46%      
Argentina - 0.01%      
Petrobras Energia Participaciones SA, ADR,    
B Shares   2,810 18,686
Telecom Argentina SA, ADR, B Shares *   2,416 20,826
      39,512
Australia - 4.15%      
AGL Energy, Ltd.   14,618 147,030
Alumina, Ltd.   37,887 31,665
Amcor, Ltd.   23,093 90,492
AMP, Ltd.   60,320 213,892
Aristocrat Leisure, Ltd.   9,363 24,270
Asciano Group   13,391 9,280
Australia and New Zealand      
Banking Group, Ltd.   69,809 683,812
Australian Stock Exchange, Ltd.   5,604 114,033
Axa Asia Pacific Holdings, Ltd.   21,366 63,607
Babcock & Brown, Ltd.   6,031 989
Bendigo Bank, Ltd.   7,153 52,480

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
BHP Billiton, Ltd. 113,703 $ 2,148,648
Billabong International, Ltd. 3,825 26,794
Bluescope Steel, Ltd. 24,826 65,457
Boral, Ltd. 16,590 43,603
Brambles, Ltd. 43,820 209,691
Caltex Australia, Ltd. 3,106 15,166
Centro Properties Group, Ltd. * 20,831 872
Centro Retail Group 32,506 1,919
CFS Gandel Retail Trust 63,945 88,735
Coca-Cola Amatil, Ltd. 20,099 114,586
Cochlear, Ltd. 1,292 47,110
Commonwealth Bank of Australia, Ltd. 47,469 1,068,945
Computershare, Ltd. 12,207 53,115
Crown, Ltd. 10,846 33,318
CSL, Ltd. 20,026 459,307
CSR, Ltd. 26,804 24,074
Dexus Property Group, REIT 76,332 42,146
Fortescue Metals Group, Ltd. * 39,653 54,079
Foster's Group, Ltd. 66,526 240,446
General Property Trust, Ltd. 171,552 106,686
Goodman Fielder, Ltd. 50,836 45,106
Harvey Norman Holding, Ltd. 11,715 16,639
Incitec Pivot, Ltd. 50,675 88,891
James Hardie Industries, Ltd. 10,713 26,859
John Fairfax Holdings, Ltd. 47,696 42,596
Leighton Holdings, Ltd. 4,881 78,734
Lend Lease Corp. 9,135 46,837
Lion Nathan, Ltd. 6,742 38,579
Macquarie Airports, Ltd. 17,250 23,125
Macquarie Goodman Group, Ltd. 131,263 84,038
Macquarie Group, Ltd. 9,570 189,056
Macquarie Infrastructure Group 68,523 79,278
Macquarie Office Trust 45,981 9,131
Metcash, Ltd. 20,343 53,299
Mirvac Group, Ltd. 64,274 58,785
National Australia Bank, Ltd. 63,736 843,944
Newcrest Mining, Ltd. 14,391 230,433
NRMA Insurance Group, Ltd. 61,712 149,383
Nufarm, Ltd. 6,202 37,550
OneSteel, Ltd. 28,397 48,272
Orica, Ltd. 12,430 126,785
Origin Energy, Ltd. 29,129 307,048
Oxiana, Ltd. 101,319 67,774
Perpetual Trust of Australia, Ltd. 899 18,912
Qantas Airways, Ltd. 25,935 39,771
QBE Insurance Group, Ltd. 29,522 463,258
Rio Tinto, Ltd. 9,574 295,027
Santos, Ltd. 18,143 180,875
Sims Group, Ltd. 4,959 44,650
Sonic Healthcare, Ltd. 8,288 73,184
Stockland Company, Ltd. 42,218 124,152
Suncorp-Metway, Ltd. 31,514 163,930
TABCORP Holdings, Ltd. 16,240 75,142
Tattersall's, Ltd. 28,142 46,828
Telstra Corp., Ltd. 154,565 413,334
Toll Holdings, Ltd. 21,404 81,558

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
Transurban Group, Ltd. * 38,563 $ 126,549
Virgin Blue Holdings, Ltd. 12,681 2,688
Wesfarmers, Ltd., Price Protected Shares 4,019 49,572
Wesfarmers, Ltd. 21,696 267,025
Westfield Group 57,826 573,031
Westpac Banking Corp., Ltd. 62,133 735,032
Westpac Banking Corp., Ltd. * 24,973 290,691
Woodside Petroleum, Ltd. 16,295 387,623
Woolworths, Ltd. 41,514 734,148
WorleyParsons, Ltd. 5,077 45,196
    14,200,565
Austria - 0.25%    
Erste Bank der Oesterreichischen    
Sparkassen AG 6,495 148,888
Oesterreichische Elektrizitaets AG, Class A 2,716 120,646
OMV AG 5,768 146,203
Raiffeisen International Bank Holding AG (a) 1,810 50,685
Strabag SE 2,361 40,998
Telekom Austria AG 12,512 167,096
Voestalpine AG 3,847 81,725
Wiener Staedtische Allgemeine    
Versicherung AG 1,338 37,196
Wienerberger Baustoffindustrie AG 3,350 47,532
    840,969
Belgium - 0.52%    
Anheuser-Busch Inbev NV * 6,241 75,327
Belgacom SA 5,996 217,347
Colruyt SA 556 120,046
Compagnie Nationale A Portefeuille, ADR 1,550 80,030
Delhaize Group 3,437 206,856
Dexia SA 19,659 86,083
Fortis Group SA 82,022 77,973
Groupe Bruxelles Lambert SA 2,725 201,523
Inbev NV 6,241 102,783
KBC Ancora, ADR 1,044 17,097
KBC Bancassurance Holding NV 5,616 170,827
Mobistar SA * 1,062 72,856
Solvay SA 2,016 144,388
UCB SA 3,846 115,623
Umicore 4,408 79,764
    1,768,523
Bermuda - 0.04%    
Central European Media Enterprises, Ltd. * 1,041 14,888
Frontline, Ltd. 1,950 55,942
SeaDrill, Ltd., GDR 9,369 76,463
    147,293
Brazil - 1.26%    
All America Latina Logistica SA 12,700 63,063
Aracruz Celulose SA, SADR 845 7,022
B2W Companhia Global Do Varejo 2,100 21,771
Banco do Brasil SA 11,400 70,390
BM&F BOVESPA SA * 42,834 95,250
Brasil Telecom Participacoes SA, ADR 686 28,387
Brasil Telecom Participacoes SA 2,300 55,157

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Brazil (continued)    
Centrais Eletricas Brasileiras SA, ADR,    
B Shares * (a) 2,071 $ 21,833
Centrais Eletricas Brasileiras SA, ADR * 3,447 40,168
Centrais Eletricas Brasileiras SA * 5,000 58,291
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar, ADR * 436 14,384
Cia de Bebidas das Americas, ADR * 743 25,634
Cia de Concessoes Rodoviarias, ADR 4,100 40,063
Cia de Saneamento Basico do Estado de Sao    
Paulo * 4,622 46,740
Cia Energetica de Minas Gerais, ADR 5,411 85,656
Cia Vale do Rio Doce 31,606 375,705
Companhia Siderurgica Nacional SA, ADR 7,191 82,840
Companhia Siderurgica Nacional SA 5,866 65,576
Companhia Vale Do Rio Doce, ADR * 17,577 209,869
Companhia Vale Do Rio Doce, SADR 24,806 270,137
Cosan SA Industria e Comercio * 3,405 16,467
CPFL Energia SA 4,100 56,491
Cyrela Brazil Realty SA 8,000 27,082
EDP - Energias do Brasil SA 2,700 29,495
Empresa Brasileira de Aeronautica SA 13,400 49,528
Empresa Brasileira de Aeronautica SA, ADR 1,575 24,460
Gafisa SA 4,887 18,485
Gerdau SA, SADR 11,612 75,710
Gerdau SA 7,058 37,028
Global Village Telecom Holding SA * 2,699 31,466
IronX Mineracao SA * 4,813 60,808
JBS SA 13,126 28,622
LLX Logistica SA * 13,233 6,457
Lojas Renner SA 4,100 23,510
MRV Engenharia e Participacoes SA 2,629 10,217
Natura Cosmeticos SA 4,800 42,695
OGX Petroleo e Gas Participacoes SA * 500 83,119
Perdigao SA * 4,400 67,597
Petroleo Brasileiro SA, ADR 15,342 321,261
Petroleo Brasileiro SA, SADR 21,468 381,701
Petroleo Brasileiro SA 53,184 545,400
Redecard SA 9,667 110,864
Souza Cruz SA 3,200 63,297
Tele Norte Leste Participacoes SA, ADR 5,457 80,109
Tele Norte Leste Participacoes SA 2,500 39,940
Tractebel Energia SA 5,100 42,567
Ultrapar Participacoes SA 2,900 63,861
Unibanco - Uniao de Bancos Brasileiros SA * 20,180 128,437
Unibanco - Uniao De Bancos    
Brasileiros SA, ADR * 1,717 110,043
Usinas Siderurgicas de Minas Gerais    
SA, SADR 3,255 33,376
Usinas Siderurgicas de Minas Gerais SA 2,800 25,873
Votorantim Celulose e Papel SA, SADR * 1,189 6,611
    4,320,513
Canada - 6.43%    
Addax Petroleum Corp. 2,300 40,596
Agnico-Eagle Mines, Ltd. 4,600 180,224
Agrium, Inc. 4,900 154,088
Alimentation Couche Tard, Inc., ADR 3,500 37,534

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
ARC Energy Trust 2,700 $ 43,759
Astral Media, Inc. 1,200 24,354
Bank of Montreal 16,500 505,564
Bank of Nova Scotia Halifax 32,600 972,585
Barrick Gold Corp. 29,808 906,594
BCE, Inc. 8,973 180,516
Biovail Corp. 3,200 27,996
Bombardier, Inc. * 51,200 179,171
Brookfield Asset Management, Inc. 16,725 257,443
Brookfield Properties Corp. 7,550 65,747
CAE, Inc. 9,300 47,617
Cameco Corp. 11,100 198,246
Canadian Imperial Bank of Commerce 12,600 506,763
Canadian National Railway Company 15,600 566,918
Canadian Natural Resources, Ltd. 18,400 771,488
Canadian Oil Sands Trust 7,500 155,721
Canadian Pacific Railway, Ltd. 5,500 180,495
Canadian Tire Corp., Ltd. 2,700 97,968
Canadian Utilities, Ltd. 3,000 100,629
CGI Group, Inc. * 7,100 55,932
CI Financial Income Fund 1,500 17,598
Crescent Point Energy Trust * 2,600 57,128
Eldorado Gold Corp. * 7,900 47,711
Empire Company, Ltd. 1,100 41,687
Enbridge, Inc. 11,800 362,506
EnCana Corp. 25,200 1,219,158
Enerplus Resources Fund 5,400 131,713
Ensign Energy Services, Inc. 4,800 56,507
Fairfax Financial Holdings, Ltd. 600 174,165
Finning International, Inc. 6,000 62,845
First Quantum Minerals, Ltd. 2,400 35,414
Fortis, Inc. 5,500 118,630
George Weston, Ltd. 2,000 88,937
Gerdau Ameristeel Corp. 5,700 27,760
Gildan Activewear, Inc. * 4,300 72,811
Goldcorp, Inc. 24,953 704,205
Great-West Lifeco, Inc. 8,500 191,905
Groupe Aeroplan, Inc. 6,736 42,799
Harvest Energy Trust 5,200 55,765
Husky Energy, Inc. 8,100 198,515
IGM Financial, Inc. 4,000 106,434
Imperial Oil, Ltd. 10,900 388,909
ING Canada, Inc., ADR 1,400 36,462
Inmet Mining Corp. * 1,300 20,168
Ivanhoe Mines, Ltd. * 5,800 15,152
Jazz Air Income Fund, ADR * 415 1,241
Kinross Gold Corp. 22,058 337,931
Loblaw Companies, Ltd. 3,900 100,629
Magna International, Inc. 3,800 109,539
Manitoba Telecom Services, Inc. * 1,000 32,253
Manulife Financial Corp. (c) 51,000 986,938
MDS, Inc. * 3,100 22,496
Methanex Corp. 2,600 28,302
Metro, Inc. 3,400 94,582
National Bank of Canada 4,800 159,652
Nexen, Inc. 16,800 345,428

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
Niko Resources, Ltd. 1,100 $ 53,217
Nova Chemicals Corp. 2,100 17,339
Onex Corp. 3,600 51,669
Pan American Silver Corp. * 3,000 44,993
Penn West Energy Trust 11,815 184,627
Petro-Canada 15,900 432,436
Potash Corp. of Saskatchewan, Inc. 10,600 685,470
Power Corp. Of Canada 10,900 224,029
Power Financial Corp. (a) 7,500 154,209
Precision Drilling Trust, ADR 1,200 9,715
Provident Energy Trust 9,400 47,447
QLT, Inc. * 250 524
Research In Motion, Ltd. * 16,800 738,268
RioCan Real Estate Investment Trust 2,600 31,027
Ritchie Bros. Auctioneers, Inc. 3,700 83,207
Rogers Communications, Inc., Class B 16,600 480,519
Royal Bank of Canada 45,400 1,580,690
Saputo, Inc 5,100 94,582
Shaw Communications, Inc. 11,400 202,225
Sherritt International Corp., ADR 10,500 29,124
Shoppers Drug Mart Corp. 7,100 254,414
Silver Wheaton Corp. * 5,900 20,552
Sino-Forest Corp. * 5,700 33,275
Sun Life Financial, Inc. 18,900 421,372
Suncor Energy, Inc. 31,700 731,027
Talisman Energy, Inc. 35,500 355,229
Teck Cominco, Ltd. 15,752 76,205
Telus Corp. - Non Voting Shares 4,900 153,693
Telus Corp. 1,400 44,274
Thomson Corp. 7,100 181,593
TMX Group, Inc. 3,000 60,353
Toronto Dominion Bank Ontario 27,250 1,010,724
TransAlta Corp. 5,700 105,249
Trans-Canada Corp. 18,700 493,058
Trican Well Service, Ltd. * 3,100 20,622
Yamana Gold, Inc. 20,493 123,599
Yellow Pages Income Fund 5,800 35,543
    22,017,922
Chile - 0.39%    
Banco Santander Chile SA, ADR 2,667 88,811
Banco Santander SA * 4,006 32,159
Cia Cervecerias Unidas SA, ADR 1,107 31,472
Corpbanca SA, SADR 650 12,103
Distribucion y Servicio D&S SA, ADR 1,566 25,714
Embotelladora Andina SA, ADR, Series A 915 10,098
Embotelladora Andina SA, ADR, Series B 1,006 13,339
Empresa Nacional de Electricidad SA, ADR (a) 7,069 246,355
Enersis SA, SADR 16,935 221,171
Lan Airlines SA, SADR 4,620 39,270
Sociedad Quimica y Minera de    
Chile SA, ADR, B Shares (a) 7,170 161,253
Vina Concha Y Toro SA, ADR 911 26,984
    1,344,052
China - 1.63%    
Air China, Ltd., Class H 83,466 21,580

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
China (continued)    
Aluminum Corp. of China, Ltd. 154,780 $ 71,479
Angang New Steel Company, Ltd., Class H 59,012 47,699
Bank of China, Ltd. 908,500 288,827
Bank of Communications Company, Ltd.,    
Class H 208,879 138,208
Beijing Capital International Airport Company,    
Ltd., Class H 81,211 44,342
Beijing Datang Power Generation    
Company, Ltd., Class H 113,136 54,045
BYD Company, Ltd., H Shares 24,494 37,535
Chaoda Modern Agriculture Holdings, Ltd. * 70,399 40,937
China Communications    
Construction Company, Ltd. 146,665 161,048
China Communications Services Corp., Ltd.,    
Class H 82,000 49,854
China Construction Bank 1,114,118 591,890
China Huiyuan Juice Group, Ltd. * 46,500 55,826
China Life Insurance Company, Ltd. 237,376 612,793
China Merchants Bank Company, Ltd. 91,800 148,463
China National Building Material Company,    
Ltd. 58,000 42,201
China Oilfield Services, Ltd., H Shares 52,000 29,819
China Petroleum & Chemical Corp., Class H 570,030 380,202
China Railway Construction Corp. 66,000 89,601
China Railway Group, Ltd. * 146,000 97,159
China Shenhua Energy Company, Ltd. 111,500 211,176
China Shipping Container Lines Company, Ltd. 134,076 16,249
China Shipping Development Company, Ltd.,    
Class H 55,568 46,530
China Telecom Corp., Ltd. 480,396 183,716
COSCO Holdings 88,879 49,207
Country Garden Holdings Company, Ltd. 161,000 29,950
Dongfeng Motor Group Company, Ltd. 130,780 30,022
Foxconn International Holdings, Ltd. * 81,000 21,124
Guangdong Investment, Ltd. 96,780 32,215
Guangshen Railway Company, Ltd., Class H 61,211 20,833
Guangzhou R&F Properties Company, Ltd., H    
Shares 50,000 31,187
Huaneng Power International, Inc., Class H 120,564 81,250
Industrial & Commercial Bank of China, Ltd. 1,394,000 688,150
Jiangsu Expressway, Ltd. 46,855 34,449
Jiangxi Copper Company, Ltd., Class H 64,925 37,310
Lenovo Group, Ltd. 150,564 35,049
Maanshan Iron & Steel Company, Ltd. 77,925 20,721
PetroChina Company, Ltd., Class H 709,739 586,976
PICC Property & Casualty Company, Ltd.,    
Class H * 84,780 29,602
Shanghai Electric Group Company, Ltd. * 133,136 48,014
Shui On Land, Ltd. 71,500 15,677
Sinopec Shanghai Petrochemical    
Company, Ltd., Class H 92,066 20,891
Tingyi Cayman Islands Holding Corp., GDR 60,000 69,813
Tsingtao Brewery Company, Ltd., Series H 16,000 34,595
Want Want China Holdings, Ltd. * 87,000 35,445
Weichai Power Company, Ltd. 12,800 21,792
Yanzhou Coal Mining Company, Ltd., Class H 63,210 35,143
Zhejiang Expressway Company, Ltd., Class H 54,282 25,882
Zijin Mining Group, Ltd. 151,686 55,300

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
China (continued)    
ZTE Corp., Class H 11,139 $ 24,347
    5,576,123
Colombia - 0.05%    
BanColombia SA, ADR 7,807 158,794
Czech Republic - 0.15%    
CEZ AS 7,067 280,828
Komercni Banka AS 489 74,302
Telefonica Czech Republic AS 4,409 97,376
Unipetrol AS 4,516 26,012
Zentiva NV 603 32,627
    511,145
Denmark - 0.65%    
A P Moller Maersk AS, Series A 19 98,054
A P Moller Maersk AS 39 201,195
Carlsberg AS, B Shares 2,400 72,737
Coloplast AS 923 55,410
Danisco AS 1,700 77,621
Danske Bank AS 16,000 188,170
DSV AS, ADR 7,100 77,600
FLS Industries AS, B Shares 1,800 58,039
Jyske Bank * 1,841 42,880
Novo Nordisk AS 15,500 795,854
Novozymes AS, B Shares 1,550 109,528
Topdanmark AS * 650 77,743
TrygVesta AS 997 57,985
Vestas Wind Systems AS * 6,200 281,066
William Demant Holdings AS * 900 29,198
    2,223,080
Egypt - 0.13%    
Commercial International Bank 9,439 49,312
Egypt Kuwait Holding Company 23,460 29,965
Egyptian Company for Mobile Services 1,793 39,289
Egyptian Financial Group-Hermes Holding 7,160 22,477
EL Ezz Aldekhela Steel Alexandria 171 22,641
EL EZZ Steel Company 14,640 28,062
ElSwedy Cables Holding Company * 1,960 21,833
Orascom Construction Industries 3,060 68,897
Orascom Telecom Holding SAE 18,486 77,851
Sidi Kerir Petrochemicals Company 9,437 17,580
Talaat Moustafa Group * 21,101 12,199
Telecom Egypt 16,509 44,934
    435,040
Finland - 1.05%    
Elisa Oyj, Class A 5,350 77,138
Fortum Corp. Oyj 14,968 300,819
Kesko Oyj 2,700 66,274
Kone Corp. Oyj 5,548 110,141
Metra Oyj, B Shares 3,000 70,369
Metso Oyj 4,600 55,581
Neste Oil Oyj 4,472 63,029
Nokia AB Oyj 128,400 1,819,245
Nokian Renkaat Oyj 4,480 52,617
OKO Bank PLC, Series A 4,700 60,323
Orion Oyj, Series B 3,723 54,557

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Finland (continued)    
Outokumpu Oyj 5,200 $ 52,485
Rautaruukki Oyj * 3,200 48,932
Sampo Oyj, A Shares 15,041 279,969
Sanoma WSOY Oyj 3,520 49,021
Stora Enso Oyj, Series R 19,800 161,265
UPM-Kymmene Oyj 18,052 260,445
    3,582,210
France - 7.39%    
Accor SA 5,994 231,362
Aeroports de Paris 897 51,163
Air France KLM 4,789 62,482
Air Liquide 8,284 706,503
Alcatel-Lucent * 73,858 158,106
Alstom 7,148 383,083
Atos Origin SA 1,722 38,160
AXA Group SA 51,103 971,145
BNP Paribas SA 27,828 1,542,095
Bouygues SA 8,361 343,764
Bureau Veritas SA 1,080 38,750
Cap Gemini SA 4,408 142,144
Carrefour SA 21,588 818,031
Casino Guich-Perrachon SA 1,527 93,498
Christian Dior SA 1,450 66,944
Cie Generale de Geophysique-Veritas * 3,270 54,023
CNP Assurances SA 1,093 70,530
Compagnie de Saint-Gobain SA 9,594 385,884
Compagnie Generale des Etablissements    
Michelin, Class B 4,650 223,294
Credit Agricole SA 29,860 333,667
Dassault Systemes SA 2,243 87,112
Eiffage SA 991 45,266
Electricite de France 6,927 404,190
Eramet 138 25,783
Essilor International SA 6,466 259,517
Eurazeo 678 35,248
European Aeronautic Defence &    
Space Company (a) 10,486 166,844
Eutelsat Communications * 2,326 48,888
France Telecom SA 61,893 1,592,209
GDF Suez 37,044 1,486,515
GDF Suez 1,386 18
Gecina SA 319 15,770
Groupe DANONE 14,478 834,485
Hermes International SA (a) 2,194 277,236
ICADE 430 27,380
Iliad SA 660 49,602
Imerys SA 796 29,993
JC Decaux SA 1,327 18,767
Klepierre SA 3,546 72,111
Lafarge SA 4,515 249,636
Lagardere S.C.A. 3,996 146,379
Legrand SA, ADR 2,523 40,022
L'Oreal SA 8,197 664,307
LVMH Moet Hennessy SA 8,246 468,649
M6-Metropole Television 1,462 24,606
Natixis 37,902 77,495

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
France (continued)    
Neopost SA 1,181 $ 84,661
PagesJaunes Groupe SA 3,253 29,964
Pernod-Ricard SA 5,707 336,558
PPR SA 2,207 105,239
PSA Peugeot Citroen SA 5,018 91,291
Publicis Groupe SA 4,684 109,201
Renault Regie Nationale SA 5,724 126,615
Safran SA 6,632 86,359
Sanofi-Aventis SA 35,587 1,967,330
Schneider Electric SA 7,405 467,485
SCOR SE 6,367 124,919
Societe BIC SA 609 30,976
Societe Des Autoroutes Paris-Rhin-Rhone 899 59,274
Societe Generale 16,135 691,694
Societe Television Francaise 1 2,677 36,826
Sodexho Alliance 3,174 160,251
STMicroelectronics NV 21,779 143,702
Suez Environnement SA * 9,433 161,553
Technip SA 3,265 99,934
Thales SA 3,025 113,454
Total SA 72,041 3,784,868
Unibail-Rodamco, REIT 2,747 369,138
Valeo SA 1,584 19,960
Vallourec SA 1,753 187,147
Veolia Environnement SA 12,267 307,413
Vinci SA 13,762 555,345
Vivendi SA 38,847 1,103,315
Wendel 736 33,717
Zodiac SA 1,000 35,691
    25,286,536
Germany - 5.77%    
Adidas-Salomon AG 6,153 191,213
Allianz SE 15,375 1,273,808
Arcandor AG * (a) 0 0
BASF SE 31,280 997,505
Bayer AG 25,936 1,340,474
Bayerische Motoren Werke (BMW) AG 10,490 262,219
Beiersdorf AG 2,980 164,695
Celesio AG 2,977 75,608
Commerzbank AG 22,317 204,572
Daimler AG 29,528 924,940
Deutsche Bank AG 17,973 638,915
Deutsche Boerse AG 6,657 475,493
Deutsche Lufthansa AG 7,756 101,841
Deutsche Post AG 30,817 442,037
Deutsche Postbank AG 2,776 56,607
Deutsche Telekom AG 95,326 1,318,906
E.ON AG 63,700 2,228,025
Fraport AG, ADR 1,246 43,043
Fresenius AG 1,062 52,392
Fresenius Medical Care AG 6,624 288,493
Fresenius SE 2,532 140,289
GEA Group AG 4,996 77,121
Hamburger Hafen und Logistik AG 676 20,106
Hannover Rueckversicherung AG 2,238 51,266
Heidelbergcement AG (a) 912 43,300

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Germany (continued)    
Henkel AG & Company KGaA 3,909 $ 96,596
Henkel AG & Company KGaA 5,427 153,069
Hochtief AG 1,513 58,533
Hypo Real Estate Holding AG 5,122 18,026
Infineon Technologies AG * 24,878 58,474
K&S AG 4,591 205,667
Linde AG 4,642 338,703
MAN AG 3,416 154,722
Merck KGAA * 2,080 174,123
Metro AG 3,637 111,361
Muenchener Rueckversicherungs-    
Gesellschaft AG 6,844 930,049
Puma AG 247 42,054
Q-Cells AG * (a) 1,794 59,831
RWE AG 14,981 1,257,724
Salzgitter AG 1,375 94,929
SAP AG 28,845 983,620
Siemens AG 29,365 1,756,098
Solarworld AG 2,809 50,035
Thyssen Krupp AG 11,090 224,874
TUI AG 6,232 69,399
United Internet AG 4,956 31,987
Volkswagen AG (a) 3,985 1,419,294
Wacker Chemie AG 569 57,356
    19,759,392
Greece - 0.38%    
Alpha Bank A.E. 13,064 133,570
Bank of Piraeus SA 10,462 103,208
Coca-Cola Hellenic Bottling Company SA 6,355 98,501
EFG Eurobank Ergas SA 10,407 87,134
Hellenic Petroleum SA 4,660 35,410
Hellenic Telecommunications Organization SA 9,860 143,026
Marfin Financial Group SA Holdings * 20,772 77,611
National Bank of Greece SA 16,464 316,838
OPAP SA 8,010 198,380
Public Power Corp. 4,480 65,960
Titan Cement Company SA 2,180 37,390
    1,297,028
Hong Kong - 2.81%    
Agile Property Holdings, Ltd. 63,211 24,553
Alibaba.com, Ltd. * (h) 52,500 29,200
Anhui Conch Cement Company, Ltd., Class H * 15,070 62,775
ASM Pacific Technology, Ltd. 4,500 12,533
Bank of East Asia, Ltd. 49,443 108,119
Beijing Enterprises Holdings, Ltd. 16,714 59,274
Belle International Holdings, Ltd., GDR 108,888 48,289
BOC Hong Kong Holdings, Ltd. 117,500 136,385
Cathay Pacific Airways, Ltd. 33,000 32,076
Cheung Kong Holdings, Ltd. 48,000 455,260
Cheung Kong Infrastructure Holdings, Ltd. 17,000 66,224
China Agri-Industries Holdings, Ltd. * 65,784 23,978
China BlueChemical, Ltd. 68,000 25,197
China CITIC Bank 232,000 78,145
China Coal Energy Company, Series H 111,595 68,042
China Dongxiang Group Company 96,500 27,420

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Everbright, Ltd. 31,784 $ 32,505
China High Speed Transmission Equipment    
Group Company, Ltd. 29,000 23,016
China Insurance International Holdings    
Company, Ltd. 26,000 29,989
China Mengniu Dairy Company, Ltd. 46,498 45,974
China Merchants Holdings International    
Company, Ltd. 38,694 74,122
China Mobile, Ltd. 203,470 1,868,590
China Overseas Land & Investment, Ltd. 136,921 178,960
China Resource Power Holdings, Ltd. 53,211 107,347
China Resources Enterprises, Ltd. 44,855 69,694
China Resources Land, Ltd. 51,211 59,474
China Travel International Investment    
Hong Kong, Ltd. 175,709 22,171
China Unicom, Ltd. 202,416 250,101
China Yurun Food Group, Ltd 38,000 42,510
Chinese Estates Holdings, Ltd. 28,561 21,191
Citic Pacific, Ltd. 39,033 26,683
CLP Holdings, Ltd. 70,000 498,321
CNOOC, Ltd. 520,720 426,932
CNPC Hong Kong, Ltd. 100,000 31,566
Cosco Pacific, Ltd. 38,855 28,803
Denway Motors, Ltd. 175,559 45,664
Dongfang Electrical Machinery Company, Ltd. 6,000 13,481
Esprit Holdings, Ltd. 37,500 177,851
Fosun International 65,500 15,404
Gome Electrical Appliances Holdings, Ltd. 277,708 40,133
Hang Lung Group, Ltd. 30,000 100,021
Hang Lung Properties, Ltd. 72,000 156,291
Hang Seng Bank, Ltd. 24,900 319,587
Harbin Power Equipment Company, Ltd. 24,000 14,766
Henderson Land Development Company, Ltd. 37,508 128,656
Hengan International Group Company, Ltd.,    
GDR 22,000 65,947
Hong Kong & China Gas Company, Ltd. 139,870 250,655
Hong Kong Aircraft Engineering Company 1,600 14,508
Hong Kong Electric Holdings, Ltd. 48,500 273,487
Hong Kong Exchange & Clearing, Ltd. 36,000 285,462
Hopewell Holdings, Ltd. 23,000 60,239
Huabao International Holdings, Ltd. * 45,000 28,236
Hutchison Telecommunications    
International, Ltd. * 59,000 16,444
Hutchison Whampoa, Ltd. 73,000 369,018
Hysan Development Company, Ltd. 16,071 25,498
Kerry Properties, Ltd. 18,769 41,765
Kingboard Chemical Holdings, Ltd. 14,000 20,913
Li & Fung, Ltd. 75,600 139,260
Li Ning Company, Ltd. 22,749 32,646
Lifestyle International Holdings, Ltd. 15,500 11,266
Link, REIT 68,679 131,526
Mongolia Energy Company, Ltd. * 89,000 24,977
MTR Corp., Ltd. 41,073 91,628
New World Development Company, Ltd. 69,724 55,460
Noble Group, Ltd. 52,400 34,716
NWS Holdings, Ltd. 24,205 27,917
Orient Overseas International, Ltd. 5,000 8,022

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Pacific Basin Shipping, Ltd. 49,000 $ 21,122
Parkson Retail Group, Ltd. 42,500 39,572
PCCW, Ltd. 99,000 45,446
Ping An Insurance Group Company of China,    
Ltd. 44,855 170,078
Shanghai Industrial Holdings, Ltd. 24,070 45,837
Shangri-La Asia, Ltd. 38,000 49,403
Shimao Property Holdings, Ltd., GDR 49,500 29,868
Sino Land Company, Ltd. 49,728 36,977
Sinofert Holdings, Ltd. 76,000 34,000
Sino-Ocean Land Holdings, Ltd. 122,500 42,244
Soho China, Ltd. 73,500 23,880
Sun Hung Kai Properties, Ltd. 46,000 367,148
Swire Pacific, Ltd., Class A 27,000 181,842
Television Broadcasting Company, Ltd. 7,000 24,027
Tencent Holdings, Ltd. 30,000 165,024
Wharf Holdings, Ltd. 39,625 94,866
Wheelock and Company, Ltd. 27,000 51,465
Wing Hang Bank, Ltd. 6,085 28,405
Yue Yuen Industrial Holdings, Ltd. 25,500 46,457
    9,614,524
Hungary - 0.10%    
Gedeon Richter Rt. 541 72,478
Magyar Telekom Rt. 18,477 54,560
MOL Magyar Olaj & Gazipari Rt. 1,808 94,817
OTP Bank Rt. * 9,254 136,640
    358,495
India - 0.99%    
Bajaj Auto, Ltd., ADR (h) 1,087 5,163
Bajaj Auto, Ltd. 1,087 6,982
Bajaj Finserv, Ltd. 1,087 2,105
Dr. Reddy's Laboratories, Ltd., ADR 11,962 106,103
Grasim Industries, Ltd., ADR (h) 2,801 47,617
ICICI Bank, Ltd., SADR 30,182 429,792
Infosys Technologies, Ltd., ADR 35,867 902,055
Larsen & Toubro, Ltd., ADR (h) 2,732 39,670
Ranbaxy Laboratories, Ltd., ADR 11,751 45,241
Reliance Communication, Ltd., ADR (h) 42,677 185,726
Reliance Energy, Ltd., ADR (a)(h) 447 13,493
Reliance Industries, Ltd., GDR (h) 21,376 983,296
Reliance Natural Resources, Ltd., ADR * (h) 8,956 15,583
Satyam Computer Services, Ltd., ADR 17,159 218,434
State Bank of India GDR 50 2,175
State Bank of India, Ltd., ADR 2,896 125,976
Tata Communications, Ltd., ADR 1,347 21,323
Tata Motors, Ltd., SADR (a) 13,132 59,751
Wipro, Ltd., ADR (a) 24,056 181,863
    3,392,348
Indonesia - 0.22%    
Aneka Tambang Tbk PT 82,500 7,066
Astra Agro Lestari Tbk PT 10,000 7,103
Astra International Tbk PT 64,000 54,792
Bank Central Asia Tbk PT 396,500 89,400
Bank Danamon Indonesia Tbk PT 109,500 24,079
Bank Internasional Indonesia Tbk PT 929,500 37,876

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Indonesia (continued)    
Bank Mandiri Tbk PT 256,500 $ 32,153
Bank Rakyat Indonesia Tbk PT 180,000 51,361
Bumi Resources Tbk PT 594,500 49,933
Indocement Tunggal Prakarsa Tbk PT 23,000 6,749
Indofood Sukses Makmur Tbk PT 105,500 8,580
Indosat Tbk PT 105,000 44,801
International Nickel Indonesia Tbk PT 50,000 8,256
Perusahaan Gas Negara Tbk PT 347,500 53,676
PT Telekomunikiasi Indonesia, ADR 4,500 86,085
Semen Gresik Persero Tbk PT 94,000 25,569
Tambang Batubara Bukit Asam Tbk PT 41,500 24,049
Telekomunikasi Indonesia Tbk PT 162,500 78,459
Truba Alam Manunggal Engineering PT * 180,000 750
Unilever Indonesia Tbk PT 69,000 44,356
United Tractors Tbk PT 92,333 30,878
    765,971
Ireland - 0.30%    
Allied Irish Banks PLC - London Exchange 13,463 46,372
Allied Irish Banks PLC 18,191 63,019
Anglo Irish Bank Corp. PLC 29,183 31,685
Bank of Ireland - London Exchange 11,293 21,708
Bank of Ireland 21,227 38,853
C&C Group PLC 179 266
CRH PLC - London Exchange 6,307 138,712
CRH PLC 11,628 254,572
Elan Corp. PLC * 6,440 40,210
Elan Corp. PLC * 10,203 63,598
Experian Group, Ltd. 32,908 200,114
Greencore Group PLC 30 36
Kerry Group PLC 2,619 54,651
Kerry Group PLC 2,401 50,768
Ryanair Holdings PLC, SADR * 1,496 39,285
    1,043,849
Israel - 0.57%    
Africa-Israel Investments, Ltd. 311 3,453
Aladdin Knowledge Systems, ADR * 122 920
Alvarion, Ltd., ADR * 649 2,077
Audio Codes, Ltd., ADR * 664 1,255
Bank Hapoalim, Ltd. 32,717 63,960
Bank Leumi Le-Israel, Ltd. 38,799 84,312
Bezek Israeli Telecommunications Corp., Ltd. 40,956 60,174
Cellcom Israel, Ltd. 2,408 55,769
Check Point Software Technologies, Ltd. * 6,435 132,625
Delek Group, Ltd. 273 11,194
Discount Investment Corp. 1,168 9,495
Elbit Systems, Ltd. 841 30,351
Gazit Globe, Ltd. 4,166 19,160
Given Imaging Corp., ADR * (a) 209 1,908
ICL Israel Chemicals, Ltd. 17,003 99,714
IDB Development Corp., Ltd. 1 3
Israel Corp., Ltd. 77 17,279
Israel Discount Bank, Ltd. 28,917 24,655
Koor Industries, Ltd. * 225 3,210
Makhteshim-Agam Industries, Ltd. 10,965 34,015
Nice Systems, Ltd. * 2,378 53,197

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Israel (continued)    
Oil Refineries, Ltd. 23,107 $ 8,955
Ormat Industries 1,927 12,267
Partner Communications, Ltd. 3,696 57,449
RADWARE, Ltd., ADR * 413 2,796
Syneron Medical, Ltd., ADR * 423 3,092
Teva Pharmaceutical Industries, Ltd. 26,000 1,117,188
United Mizrahi Bank, Ltd. 6,424 31,739
    1,942,212
Italy - 2.70%    
A2A SpA 43,914 76,927
Alleanza Assicurazioni SpA 15,696 106,160
Assicurazioni Generali SpA 35,747 863,304
Autogrill SpA 5,120 38,496
Autostrade SpA 9,306 149,825
Banca Carige SpA 28,214 62,926
Banca Intesa SpA - Non convertible 31,537 67,656
Banca Monte dei Paschi Siena SpA 87,735 161,409
Banca Popolare di Milano SpA 14,824 78,243
Banche Popolari Unite SpA 21,170 305,259
Banco Popolare Societa Cooperativa 22,115 202,860
Bulgari SpA 6,916 42,410
Enel SpA 146,199 914,415
Eni SpA 87,904 1,995,204
Fiat SpA 24,754 182,667
Finmeccanica SpA 14,085 176,180
Fondiaria-Sai SpA 2,832 51,512
IFIL - Investments SpA 14,310 41,650
Intesa Sanpaolo SpA 260,171 783,632
Italcementi SpA, RNC 4,453 26,145
Italcementi SpA 2,818 31,219
Lottomatica SpA 2,312 54,773
Luxottica Group SpA 4,975 92,514
Mediaset SpA 26,858 145,419
Mediobanca SpA 16,877 174,067
Mediolanum SpA 9,238 37,754
Parmalat SpA 59,298 96,134
Pirelli & Company SpA 114,450 39,430
Prysmian SpA 4,304 47,917
Saipem SpA 9,404 146,088
Saras SpA Raffinerie Sarde 13,512 50,826
Snam Rete Gas SpA 27,729 145,184
Telecom Italia SpA - RSP 208,497 178,651
Telecom Italia SpA 346,536 471,978
Tenaris SA * 16,787 176,098
Terna SpA 42,718 126,881
UniCredito Italiano SpA 383,262 876,299
Unipol Gruppo Finanziario SpA, ADR 24,906 35,882
    9,253,994
Japan - 17.76%    
ABC-MART, Inc. * 1,100 37,513
Acom Company, Ltd. (a) 1,860 73,693
Advantest Corp. 5,200 67,850
AEON Company, Ltd. 21,900 194,562
AEON Credit Service Company, Ltd. 1,600 20,063
Aeon Mall Company, Ltd. 1,700 35,883

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Aioi Insurance Company, Ltd. 17,000 $ 67,737
Aisin Seiki Company 5,800 76,979
Ajinomoto Company, Inc. 23,000 244,451
Alfresa Holdings Corp. 800 35,192
All Nippon Airways Company, Ltd. 24,000 87,435
Alps Electric Company, Ltd. 4,700 20,922
Amada Company, Ltd. 10,000 46,123
Aozora Bank, Ltd. 13,000 14,954
Asahi Breweries, Ltd. 13,200 231,006
Asahi Glass Company, Ltd. 35,000 196,767
Asahi Kasei Corp. 37,000 157,086
ASICS Corp. 4,000 24,234
Astellas Pharmaceuticals, Inc. 16,300 667,137
Bank of Kyoto, Ltd. 10,000 100,909
Benesse Corp. 2,600 109,914
Bridgestone Corp. 20,500 344,703
Brother Industries, Ltd. 7,400 50,495
Canon Sales Company, Inc. 1,800 27,236
Canon, Inc. 35,500 1,071,239
Casio Computer Company, Ltd. 6,000 34,014
Central Japan Railway Company, Ltd. 53 449,223
Chiba Bank, Ltd. 23,000 109,410
Chubu Electric Power Company, Inc. 21,800 600,702
Chugai Pharmaceutical Company, Ltd. 8,200 142,162
Chugoku Bank, Ltd. 6,000 82,875
Chugoku Electric Power Company, Inc. 9,100 225,627
Citizen Watch Company, Ltd. 8,600 39,833
Coca-Cola West Japan Company, Ltd. 2,300 49,071
Cosmo Oil Company, Ltd. 19,000 47,141
Credit Saison Company, Ltd. 4,800 64,094
Dai Nippon Printing Company, Ltd. 19,000 200,729
Daicel Chemical Industries, Ltd. 7,000 31,270
Daido Steel Company, Ltd. 7,000 21,645
Daihatsu Motor Company, Ltd. 7,000 50,784
Daiichi Sankyo Company, Ltd. 23,400 479,780
Daikin Industries, Ltd. 8,400 221,570
Dainippon Ink & Chemicals, Inc. 16,000 27,600
Dainippon Sumitomo Pharma Company, Ltd. 4,000 33,983
Daito Trust Construction Company, Ltd. 2,800 119,493
Daiwa House Industry Company, Ltd. 18,000 151,107
Daiwa Securities Group, Inc. 45,000 230,759
Dena Company, Ltd. (a) 8 19,790
Denki Kagaku Kogyo Kabushiki Kaisha 12,000 27,161
Denso Corp. 16,600 275,705
Dentsu, Inc. 62 110,031
Dowa Mining Company, Ltd. 7,000 21,529
East Japan Railway Company 114 881,830
Eisai Company, Ltd. 8,200 278,721
Electric Power Development Company, Ltd. 4,700 164,012
Elpida Memory, Inc. * 3,500 16,290
FamilyMart Company, Ltd. 2,100 85,623
Fanuc, Ltd. 6,400 395,197
Fast Retailing Company, Ltd. 1,600 183,412
Fuji Electric Holdings Company, Ltd. 15,000 19,486
Fuji Heavy Industries, Ltd. 20,000 60,516
Fuji Photo Film Company, Ltd. 16,500 403,792

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Fuji Television Network, Inc. 11 $ 15,380
Fujitsu, Ltd. 61,000 264,716
Fukuoka Financial Group, Inc. 27,000 87,975
Furukawa Electric Company, Ltd. 23,000 88,665
Gunma Bank 15,000 88,103
Hakuhodo DY Holdings, Inc. 650 33,351
Hankyu Hanshin Holdings, Inc. 43,200 215,087
Haseko Corp. 45,000 38,318
Hikari Tsushin, Inc. 500 8,513
Hino Motors, Ltd. 6,000 12,502
Hirose Electric Company, Ltd. 1,300 117,974
Hisamitsu Pharmaceutical Company, Inc. 2,500 100,753
Hitachi Chemical, Ltd. 3,800 36,670
Hitachi Construction Machinery Company, Ltd. 3,400 38,069
Hitachi High-Technologies Corp. 2,900 54,475
Hitachi Metals, Ltd. 6,000 35,810
Hitachi, Ltd. 113,000 525,240
Hokkaido Electric Power Company, Inc. 6,200 145,140
Hokuhoku Financial Group, Inc. 44,000 91,769
Hokuriku Electric Power Company 6,200 157,714
Honda Motor Company, Ltd. 55,600 1,244,975
Hoya Corp. 13,000 187,028
Ibiden Company, Ltd. 4,000 62,906
Idemitsu Kosan Company, Ltd. 900 55,988
Inpex Holdings, Inc. 28 179,402
Isetan Mitsukoshi Holdings, Ltd. * 10,940 80,420
Ishikawajima-Harima Heavy Industries    
Company, Ltd. 50,000 58,945
Isuzu Motors, Ltd. 43,000 53,573
ITO EN, Ltd. (a) 2,800 44,909
Itochu Corp. 48,000 243,611
Itochu Techno-Science Corp. 800 20,540
Iyo Bank, Ltd. 9,000 99,069
J Front Retailing Company, Ltd. 20,000 79,043
JAFCO Company, Ltd. 900 24,536
Japan Airlines System Corp. * 24,000 55,729
Japan Petroleum Exploration Company, Ltd. 800 32,122
Japan Prime Realty Investment Corp., REIT 13 25,807
Japan Real Estate Investment Corp., REIT 13 115,272
Japan Retail Fund Investment Corp., REIT 8 30,135
Japan Tobacco, Inc. 148 544,570
JFE Holdings, Inc. 17,600 428,349
JGC Corp. 7,000 81,318
Joyo Bank, Ltd. 23,000 113,159
JS Group Corp. 7,900 112,063
JSR Corp. 5,900 64,175
Jupiter Telecommunications Company, Ltd. * 100 77,022
Kajima Corp. 31,000 90,687
Kamigumi Company, Ltd. 7,000 54,588
Kaneka Corp. 8,000 36,683
Kansai Electric Power Company, Ltd. 26,200 710,850
Kansai Paint Company, Ltd. 6,000 29,044
Kao Corp. 18,000 515,695
Kawasaki Heavy Industries, Ltd. 52,000 111,982
Kawasaki Kisen Kaisha, Ltd. 18,000 72,515
KDDI Corp. 96 625,704

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Keihin Electric Express Railway Company, Ltd. 16,000 $ 135,151
Keio Electric Railway Company, Ltd. 19,000 102,756
Keisei Electric Railway Company, Ltd. 7,000 36,487
Keyence Corp. 1,300 216,065
Kikkoman Corp. 6,000 67,674
Kinden Corp. 4,000 36,069
Kintetsu Corp. (a) 51,000 203,798
Kirin Brewery Company, Ltd. 27,000 328,856
Kobe Steel Company, Ltd. 80,000 133,482
Komatsu, Ltd. 30,400 365,530
Konami Corp. 3,200 72,267
Konica Minolta Holdings, Inc. 17,500 128,981
Koyo Seiko Company, Ltd. 4,900 36,534
Kubota Corp. 36,000 210,297
Kuraray Company, Ltd. 12,000 97,633
Kurita Water Industries, Ltd. 4,000 94,880
Kyocera Corp. 5,200 325,040
Kyowa Hakko Kogyo Company, Ltd. 7,737 65,719
Kyushu Electric Power Company, Inc. 13,200 312,699
Lawson, Inc. 2,300 115,127
LeoPalace21 Corp. 3,300 31,110
Mabuchi Motor Company, Ltd. 1,300 55,817
Makita Corp. 3,600 70,068
Marubeni Corp. 57,000 200,008
Marui Company, Ltd. 7,100 38,375
Maruichi Steel Tube, Ltd. 1,500 36,092
Matsui Securities Company, Ltd. 5,400 36,186
Matsushita Electric Industrial Company, Ltd. 62,000 752,859
Matsushita Electric Works, Ltd. 13,000 106,591
Mazda Motor Corp. 28,000 48,381
Mediceo Holdings Company, Ltd. 3,800 40,946
Meiji Dairies Corp. 7,000 36,419
Minebea Company, Ltd. 10,000 30,486
Mitsubishi Chemical Holdings Corp., ADR 42,000 175,824
Mitsubishi Corp. 45,000 559,774
Mitsubishi Electric Corp. 64,000 345,529
Mitsubishi Estate Company, Ltd. 39,000 581,772
Mitsubishi Gas & Chemicals Company, Inc. 16,000 61,154
Mitsubishi Heavy Industries, Ltd. 111,000 452,488
Mitsubishi Logistics Corp. 3,000 33,894
Mitsubishi Materials Corp. 35,000 70,744
Mitsubishi Motors Corp. * (a) 119,000 166,210
Mitsubishi Rayon Company, Ltd. 23,000 58,831
Mitsubishi UFJ Financial Group, Inc. 346,010 1,921,447
Mitsubishi UFJ Lease & Finance    
Company, Ltd. 1,990 33,298
Mitsui & Company, Ltd. 57,000 506,545
Mitsui Chemicals, Inc. 22,000 89,096
Mitsui Engineering & Shipbuilding    
Company, Ltd. 18,000 24,678
Mitsui Fudosan Company, Ltd. 28,000 431,708
Mitsui Mining & Smelting Company, Ltd. 12,000 23,182
Mitsui O.S.K. Lines, Ltd. 40,000 212,986
Mitsui Sumitomo Insurance Group Holdings,    
Inc. * 12,200 290,939
Mitsui Trust Holdings, Inc. 30,000 112,443
Mitsumi Electric Company, Ltd. 3,500 44,858

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Mizuho Financial Group, Inc. 323 $ 857,565
Mizuho Trust & Banking Company, Ltd. 48,000 55,706
Murata Manufacturing Company, Ltd. 6,800 234,741
Namco Bandai Holdings, Inc. 7,800 77,901
NEC Corp. 67,000 188,361
NEC Electronics Corp. * 700 6,801
NGK INSULATORS, Ltd. 10,000 106,607
NGK Spark Plug Company, Ltd. 7,000 58,820
NHK Spring Company, Ltd. 3,000 10,804
Nidec Corp. 3,900 195,052
Nikon Corp. 11,000 124,472
Nintendo Company, Ltd. 3,300 1,025,929
Nippon Building Fund, Inc., REIT 18 178,672
Nippon Electric Glass Company, Ltd. 10,000 57,236
Nippon Express Company, Ltd. 26,000 116,849
Nippon Meat Packers, Inc. 6,000 75,253
Nippon Mining Holdings, Inc. 28,500 84,291
Nippon Oil Corp. 45,000 169,499
Nippon Paper Group, Inc. 31 103,406
Nippon Sheet Glass Company, Ltd. 22,000 63,866
Nippon Steel Corp. 167,000 522,687
Nippon Telegraph & Telephone Corp. 174 766,235
Nippon Yusen Kabushiki Kaisha 38,000 206,768
NIPPONKOA Insurance Company, Ltd. 23,000 146,111
Nishi-Nippon City Bank, Ltd. 18,000 37,654
Nissan Chemical Industries, Ltd. 4,000 35,260
Nissan Motor Company, Ltd. 73,400 247,333
Nissay Dowa General Insurance Company,    
Ltd. * 8,000 37,052
Nisshin Seifun Group, Inc. 5,000 56,158
Nisshin Steel Company 21,000 30,797
Nisshinbo Industries, Inc. 3,000 20,731
Nissin Food Products Company, Ltd. 3,000 106,714
Nitori Company, Ltd. 1,350 95,963
Nitto Denko Corp. 5,400 90,586
NOK Corp. 2,700 20,356
Nomura Holdings, Inc. 59,200 429,777
Nomura Real Estate Holdings, Inc. (a) 2,400 35,937
Nomura Real Estate Office Fund, Inc. 11 64,124
Nomura Research Institute, Ltd. 4,100 77,226
NSK, Ltd. 16,000 59,095
NTN Corp. 14,000 42,499
NTT Data Corp. 46 165,866
NTT DoCoMo, Inc. 531 888,219
NTT Urban Development Corp. 31 31,594
Obayashi Corp. 23,000 131,709
OBIC Company, Ltd. 150 23,599
Odakyu Electric Railway Company, Ltd. 22,000 168,021
Oji Paper Company, Ltd. 27,000 130,533
Olympus Optical Company, Ltd. 7,000 145,518
Omron Corp. 7,300 95,106
Ono Pharmaceutical Company, Ltd. 3,300 145,659
Onward Kashiyama Company, Ltd. 3,000 22,161
Oracle Corp. - Japan (a) 1,000 41,663
Oriental Land Company, Ltd. 1,800 135,391
ORIX Corp. 3,090 192,557

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Osaka Gas Company, Ltd. 65,000 $ 247,480
Otsuka Corp. 400 18,128
Promise Company, Ltd. 1,700 35,080
Rakuten, Inc. 228 124,987
Resona Holdings, Inc. 165 230,813
Ricoh Company, Ltd. 22,000 229,738
Rohm Company, Ltd. 3,100 147,921
SANKYO Company, Ltd. 2,000 109,531
Santen Pharmaceutical Company, Ltd. 2,900 77,112
Sanyo Electric Company, Ltd. * (a) 51,000 80,924
Sapporo Hokuyo Holdings, Inc. 12 45,523
Sapporo Holdings 10,000 58,643
SBI Holdings, Inc. 668 104,486
Secom Company, Ltd. 6,800 316,506
SEGA SAMMY HOLDINGS, Inc. 5,100 49,263
Seiko Epson Corp. 4,200 60,390
Sekisui Chemical Company, Ltd. 16,000 88,906
Sekisui House, Ltd. 16,000 130,605
Seven & I Holdings Company, Ltd. 29,300 828,620
Sharp Corp. 34,000 229,516
Shikoku Electric Power Company, Inc. 6,200 191,372
Shimadzu Corp. 7,000 46,876
Shimamura Company, Ltd. 600 46,031
Shimano, Inc. * 2,200 81,478
Shimizu Corp. 24,000 126,736
Shin-Etsu Chemical Company, Ltd. 13,900 531,813
Shinko Electric Industries Company, Ltd. 1,600 9,405
Shinko Securities Company, Ltd. 14,000 28,284
Shinsei Bank, Ltd. 56,000 89,735
Shionogi & Company, Ltd. 10,000 218,455
Shiseido Company, Ltd. 11,000 204,870
Shizuoka Bank, Ltd. 21,000 206,669
Showa Denko K.K. 34,000 50,126
Showa Shell Sekiyu K.K. 7,600 63,113
SMC Corp. 2,000 179,051
SOFTBANK Corp. 26,100 356,800
Sojitz Holdings Corp. 34,400 52,602
Sompo Japan Insurance, Inc. 28,000 161,639
Sony Corp. * 34,000 661,352
Sony Financial Holdings, Inc. 32 94,949
Square Enix Company, Ltd. 1,800 51,426
Stanley Electric Corp. 5,300 63,999
Sumco Corp. 4,100 39,772
Sumitomo Chemical Company, Ltd. 49,000 171,580
Sumitomo Corp. 38,300 337,638
Sumitomo Electric Industries, Ltd. 23,700 178,900
Sumitomo Heavy Industries, Ltd. 21,000 78,904
Sumitomo Metal Industries, Ltd. 128,000 329,596
Sumitomo Metal Mining Company, Ltd. 18,000 170,982
Sumitomo Mitsui Financial Group, Inc. 223 809,033
Sumitomo Realty &    
Development Company, Ltd. 13,000 191,088
Sumitomo Rubber Industries, Inc. 6,900 63,101
Sumitomo Titanium Corp. 400 10,092
Sumitomo Trust & Banking Company, Ltd. 46,000 208,059
Suruga Bank, Ltd. 8,000 81,035

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Suzuken Company, Ltd. 2,600 $ 58,265
Suzuki Motor Corp. 11,300 152,675
T&D Holdings, Inc. 6,300 235,014
TAIHEIYO CEMENT CORP. 21,000 29,709
Taisei Corp. 37,000 73,283
Taisho Pharmaceuticals Company, Ltd. 4,000 71,958
Taiyo Nippon Sanso Corp. 10,000 70,312
Takashimaya Company, Ltd. 11,000 79,101
Takeda Pharmaceutical Company, Ltd. 28,000 1,358,802
Takefuji Corp. 2,950 20,681
Tanabe Seiyaku Company, Ltd. 8,000 99,824
TDK Corp. 4,400 149,030
Teijin, Ltd. 30,000 83,343
Terumo Corp. 5,900 273,214
The 77th Bank, Ltd. 14,000 66,308
The Bank of Yokohama, Ltd. 44,000 229,261
The Hachijuni Bank, Ltd. 16,000 82,000
The Hiroshima Bank, Ltd. 13,000 47,018
The Japan Steel Works, Ltd. 11,000 113,369
The Tokyo Electric Power Company, Ltd. 40,600 1,208,112
THK Company, Ltd. 3,400 34,133
Tobu Railway Company, Ltd. 27,000 146,377
Toho Company, Ltd. 4,400 88,492
Toho Gas Company, Ltd. 18,000 104,556
Tohoku Electric Power Company, Inc. 14,400 349,877
Tokio Marine Holdings, Inc. 22,700 549,388
Tokuyama Corp. 9,000 68,815
Tokyo Broadcasting Company, Ltd. 1,000 13,166
Tokyo Electron, Ltd. 5,400 147,227
Tokyo Gas Company, Ltd. 75,000 338,523
Tokyo Steel Manufacturing Company, Ltd. 2,200 20,545
Tokyo Tatemono Company, Ltd. 7,000 23,074
Tokyu Corp. 38,000 151,850
Tokyu Land Corp. 18,000 50,292
TonenGeneral Sekiyu K.K. 11,000 106,132
Toppan Printing Company, Ltd. 18,000 134,733
Toray Industries, Inc. 46,000 223,607
Toshiba Corp. 105,000 384,625
Tosoh Corp. 12,000 25,018
Toto, Ltd. (a) 7,000 43,193
Toyo Seikan Kaisha, Ltd. 5,800 82,423
Toyo Suisan Kaisha, Ltd. 3,000 70,108
Toyoda Gosei Company, Ltd. 1,400 17,682
Toyota Boshoku Corp. 1,800 14,475
Toyota Industries Corp. 5,600 109,630
Toyota Motor Corp. 93,200 2,987,472
Toyota Tsusho Corp. 7,300 69,328
Trend Micro, Inc. 3,500 102,124
Tsumura & Company, Ltd. 2,300 73,855
Ube Industries, Ltd. 33,000 66,001
UNI Charm Corp. 1,400 96,505
UNY Company, Ltd. 7,000 61,614
Ushio, Inc. 4,800 57,074
USS Company, Ltd. 1,080 67,677
West Japan Railway Company, Ltd. 56 248,588
Yahoo Japan Corp. 522 170,067

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Yakult Honsha Company, Ltd. 2,800 $ 51,468
Yamada Denki Company, Ltd. 3,100 160,746
Yamaguchi Financial Group, Inc. 6,000 56,634
Yamaha Corp. 5,700 52,634
Yamaha Motor Company, Ltd. 7,100 67,397
Yamato Kogyo Company, Ltd. 1,500 33,648
Yamato Transport Company, Ltd. 14,000 182,717
Yamazaki Baking Company, Ltd. 3,000 39,829
YASKAWA Electric Corp. 8,000 34,985
Yokogawa Electric Corp. 9,700 50,972
    60,814,249
Luxembourg - 0.28%    
ArcelorMittal (a) 28,834 694,694
Millicom International Cellular SA, ADR * 1,868 68,955
Reinet Investments SCA * 2,402 19,653
SES, ADR 10,320 181,344
    968,155
Malaysia - 0.51%    
AirAsia BHD * 17,100 5,251
AMMB Holdings BHD 66,500 37,921
Asiatic Development BHD 12,400 11,193
Berjaya Sports Toto BHD 37,100 49,019
British American Tobacco Malaysia BHD 5,100 63,044
Bursa Malaysia BHD 7,600 11,052
Commerce Asset Holdings 81,000 133,560
Digi.Com BHD 10,400 59,466
Gamuda BHD 49,500 23,190
Genting BHD 70,500 79,654
Hong Leong Bank BHD 11,600 16,064
Hong Leong Credit BHD 4,400 4,620
IGB Corp. BHD 13,900 4,731
IJM Corp. BHD * 30,900 21,474
IOI Corp. BHD 120,300 108,171
KLCC Property Holdings BHD 8,900 6,732
KNM Group BHD 100,800 14,963
Kuala Lumpur Kepong BHD 13,400 31,000
Lafarge Malayan Cement BHD 7,380 6,379
Malayan Bank BHD 79,350 113,183
Malaysian Airline System BHD 7,200 5,094
Malaysian Plantations BHD 32,900 17,496
MISC BHD 42,600 98,709
MMC Corp. BHD 44,200 16,508
Parkson Holdings BHD 18,700 17,604
Petronas Dagangan BHD 5,200 10,341
Petronas Gas BHD 16,800 45,060
PLUS Expressways BHD 69,700 53,538
PPB Group BHD 19,400 45,873
Public Bank BHD 39,000 90,502
Resorts World BHD 114,600 74,159
RHB Capital BHD 28,700 29,885
Sime Darby BHD 79,238 128,281
SP Setia BHD 18,450 13,846
Tanjong PLC 5,000 17,287
Telekom Malaysia, BHD 30,000 25,872
Tenaga Nasional BHD 48,600 79,368

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Malaysia (continued)    
TM International Bhd * 46,500 $ 48,670
UEM Land Holdings BHD * 20,250 3,185
UMW Holdings BHD 24,700 35,173
YTL Corp. BHD 27,300 49,831
YTL Power International BHD 94,003 48,026
    1,754,975
Mexico - 0.88%    
Alfa SA de CV 7,800 14,273
America Movil SA de CV 397,500 608,615
America Movil SAB de CV, Series L, ADR 10,617 318,510
Banco Compartamos SA de CV, ADR 5,400 8,066
Carso Global Telecom SAB de CV * 24,100 80,099
Cemex SA de CV, SADR * 8,480 58,936
Cemex SA de CV * 191,953 136,771
Coca-Cola Femsa SA de CV 10,100 35,387
Desarrolladora Homex SA de CV * 5,500 15,856
Empresas ICA Sociedad    
Controladora SA de CV * 13,100 18,678
Fomento Economico Mexicano SA de CV 76,800 212,234
Grupo Aeroportuario del Pacifico SA de CV,    
B Shares 12,000 26,538
Grupo Bimbo SA de CV 12,300 57,876
Grupo Carso SA de CV 20,301 49,430
Grupo Elektra SA de CV 2,500 93,360
Grupo Financiero Banorte SA de CV 49,996 81,030
Grupo Financiero Inbursa SA de CV 26,733 70,002
Grupo Mexico SA 139,189 87,325
Grupo Modelo SA 16,500 43,514
Grupo Televisa SA, SADR 6,344 94,272
Grupo Televisa SA 65,800 200,216
Industrias Penoles SA de CV 3,400 29,432
Kimberly-Clark de Mexico SA de CV 21,800 68,385
Telefonos de Mexico SA de CV 209,900 188,908
Telmex Internacional SAB de CV 233,600 116,896
Urbi Desarrollos Urbanos SA de CV * 15,400 22,889
Wal-Mart de Mexico SA de CV, Series V 98,288 267,945
    3,005,443
Netherlands - 1.77%    
Aegon NV 47,734 226,723
Akzo Nobel NV 9,361 319,983
ASML Holding NV 14,737 224,830
Corio NV 1,689 77,155
DSM NV 4,773 110,666
Fugro NV 2,283 72,740
Heineken Holding NV 4,137 107,489
Heineken NV 8,618 237,787
ING Groep NV 67,742 571,747
Koninklijke (Royal) KPN NV 61,387 847,873
Koninklijke (Royal) Philips Electronics NV 34,971 570,741
Koninklijke Ahold NV 40,890 455,856
Koninklijke Boskalis Westinster NV 2,160 61,806
Randstad Holdings NV 3,658 68,454
Reed Elsevier NV 21,246 251,204
SBM Offshore NV 5,539 86,630
SNS Reaal 5,780 35,814
TNT Post Group NV 13,360 279,899

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Netherlands (continued)    
Unilever NV 54,820 $ 1,279,770
Wolters Kluwer NV 10,241 173,463
    6,060,630
New Zealand - 0.07%    
Auckland International Airport, Ltd. 27,486 26,575
Contact Energy, Ltd. 8,111 30,230
Fletcher Building, Ltd. 20,120 62,166
Sky City Entertainment Group, Ltd. 13,131 22,858
Telecom Corp. of New Zealand, Ltd. 67,401 92,075
    233,904
Norway - 0.42%    
Aker Kvaerner ASA 5,371 31,081
Den Norske Bank ASA 26,000 99,020
Lighthouse Caledonia ASA * 530 153
Norsk Hydro ASA 22,384 81,623
Orkla ASA 29,886 172,815
Renewable Energy Corp. ASA * 5,179 48,861
Statoil ASA 43,840 743,758
Telenor ASA 28,800 156,710
Yara International ASA 6,800 113,252
    1,447,273
Peru - 0.07%    
Cia de Minas Buenaventura SA 5,080 85,309
Compania de Minas Buenaventura SA, ADR 2,732 49,176
Credicorp SA 800 35,000
Credicorp, Ltd., ADR 967 42,258
Southern Peru Copper Corp. 2,667 36,938
    248,681
Philippines - 0.09%    
Ayala Corp. 8,363 33,248
Ayala Land, Inc. 118,600 15,154
Banco De Oro 49,014 23,700
Bank of the Philippine Islands 58,268 50,506
Globe Telecommunications, Inc. 690 11,681
International Container Terminal Services, Inc. 20,878 6,643
Jollibee Foods Corp. 9,000 7,131
Manila Electric Company 9,142 10,888
Metropolitan Bank & Trust Company 12,800 6,460
Philippine Long Distance Telephone Company 2,190 103,752
PNOC Energy Development Corp. 132,801 6,966
SM Investments Corp. 3,594 13,502
SM Prime Holdings, Ltd. 84,941 12,580
    302,211
Poland - 0.28%    
Bank Millennium SA 18,629 20,245
Bank Pekao SA 4,032 151,973
Bank Zachodni WBK SA 915 32,894
Boryszew SA * 550 348
BRE Bank SA * 340 24,080
Cersanit-Krasnystaw SA * 5,273 24,247
Computerland SA * 160 1,381
Getin Holding SA * 12,724 21,350
Globe Trade Centre SA * 4,447 24,137
Grupa Lotos SA * 2,585 10,812

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Poland (continued)    
KGHM Polska Miedz SA 3,699 $ 36,394
Orbis SA 661 7,605
PBG SA * 489 34,418
Polimex Mostostal SA 10,270 10,940
Polish Oil & Gas Company 41,373 49,235
Polski Koncern Naftowy Orlen SA 10,957 96,650
Powszechna Kasa Oszczednosci Bank    
Polski SA 17,163 186,323
Softbank SA 1,956 31,776
Telekomunikacja Polska SA 22,584 148,959
TVN SA 7,137 32,136
    945,903
Portugal - 0.24%    
Banco Comercial dos Acores SA * (a) 88,835 90,674
Banco Espirito Santo SA 7,412 54,757
Brisa Auto Estrada, SA (a) 9,899 74,462
Cimpor-Cimentos De Portugal SA (a) 9,705 45,136
EDP Renovaveis SA * 8,841 55,289
Electricidade de Portugal SA 59,984 204,060
Galp Energia SGPS SA 7,421 81,495
Jeronimo Martins, SGPS SA 8,639 45,163
Portugal Telecom, SGPS, SA 20,182 149,947
PT Multimedia.com, SGPS, SA (a) 5,671 27,655
    828,638
Russia - 1.07%    
Comstar United Telesystems, GDR * 9,964 22,419
Federal Grid Company Unified Energy    
System JSC * 1,540 295,914
JSC MMC Norilsk Nickel, ADR 28,523 210,498
Lukoil Oil Company, ADR (a) 15,423 485,824
Magnitogorsk Iron & Steel Works, GDR 12,256 45,347
Mechel Steel Group, ADR (a) 6,193 38,830
Mobile Telesystems, SADR 6,958 206,235
NovaTek OAO, ADR 2,841 61,620
Novolipetsk Steel, ADR 6,267 62,043
OAO Gazprom, SADR 61,983 1,072,306
OAO Gazprom, SADR 16,136 283,390
Polyus Gold Company ZAO, SADR 3,630 31,763
Rosneft Oil Company, GDR * 19,280 76,542
Rostelecom, ADR 2,115 89,465
Sberbank, ADR 2,294 189,255
Severstal, ADR 4,900 14,945
Sibirtelecom, ADR 424 1,162
Sistema JSFC, Reg. S, Spons. GDR 4,848 27,345
Surgutneftegaz, ADR 24,723 157,980
Tatneft, ADR 2,135 72,590
UralsvyAzinform, ADR 1,471 3,530
Vimpel-Communications, SADR 16,231 154,194
VolgaTelecom, ADR 1,172 1,735
VTB Bank OJSC, GDR 26,491 59,061
Wimm-Bill-Dann Foods OJSC, ADR * 663 15,799
    3,679,792
Singapore - 0.77%    
Ascendas, REIT * 33,000 32,604
Capitaland, Ltd. 59,000 109,036

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Singapore (continued)    
CapitaMall Trust * 48,000 $ 54,289
City Developments, Ltd. 17,000 65,763
ComfortDelGro Corp., Ltd. 63,000 56,880
Cosco Corp. Singapore, Ltd. 31,000 14,712
DBS Group Holdings, Ltd. 38,000 237,993
Fraser and Neave, Ltd. 32,000 60,590
Genting International PLC * 117,000 30,697
Golden Agri-Resources, Ltd. 181,000 27,093
Jardine Cycle and Carriage, Ltd. 6,254 43,580
Keppel Corp., Ltd. 46,210 129,469
Neptune Orient Lines, Ltd. 17,000 11,791
Olam International, Ltd. 41,500 25,961
Oversea-Chinese Banking Corp., Ltd. 84,000 287,710
Parkway Holdings, Ltd. 33,951 29,089
SembCorp Industries, Ltd. 40,000 58,876
SembCorp Marine, Ltd. 28,600 30,487
Singapore Airlines, Ltd. 19,140 132,580
Singapore Exchange, Ltd. 28,000 91,603
Singapore Press Holdings, Ltd. 51,000 120,109
Singapore Technologies Engineering, Ltd. 52,000 81,489
Singapore Telecommunications, Ltd. 263,950 447,467
United Overseas Bank, Ltd. 42,000 369,161
United Overseas Land, Ltd. 18,000 24,557
Wilmar International, Ltd. 27,000 50,104
    2,623,690
South Africa - 1.16%    
ABSA Group, Ltd. 8,122 83,937
Adcock Ingram Holdings, Ltd. * 3,884 13,871
African Bank Investments, Ltd. 14,629 39,967
African Rainbow Minerals, Ltd. 2,661 26,922
Anglo Platinum, Ltd. 2,270 105,673
AngloGold Ashanti, Ltd. 8,536 187,308
Aspen Pharmacare Holdings, Ltd. * 4,629 17,308
Aveng, Ltd. 8,562 24,899
Barloworld, Ltd. 5,005 22,351
Bidvest Group, Ltd. * 6,269 59,439
British American Tobacco PLC * 5,875 147,744
Discovery Holdings, Ltd., ADR 1 2
FirstRand, Ltd. 93,105 153,203
Foschini, Ltd. 4,844 20,787
Gold Fields, Ltd. 17,655 146,148
Growthpoint Properties, Ltd. 49,838 75,272
Harmony Gold Mining Company, Ltd. * 8,392 72,109
Hulamin, Ltd. 83 120
Impala Platinum Holdings, Ltd. 16,652 207,505
Imperial Holdings, Ltd. 4,211 21,128
Investec, Ltd. 4,018 17,323
Kumba Iron Ore, Ltd. 1,848 29,333
Kumba Resources, Ltd. 2,815 20,206
Liberty Holdings, Ltd. 2,755 16,762
Massmart Holdings, Ltd. 4,714 37,736
Mittal Steel South Africa, Ltd. 4,928 42,667
MTN Group, Ltd. 52,532 549,334
Murray & Roberts Holdings, Ltd. 7,152 35,054
Naspers, Ltd. 12,330 190,130
Nedbank Group, Ltd. 4,908 45,907

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Africa (continued)    
Network Healthcare Holdings, Ltd. * 29,089 $ 22,416
Pick'n Pay Stores, Ltd. 4,684 15,163
Pretoria Portland Cement Company, Ltd. 13,256 40,753
Reinet Investments SCA * 9,216 8,420
Remgro, Ltd. 14,468 106,395
Reunert, Ltd. 4,168 19,078
RMB Holdings, Ltd. 26,168 69,973
Sanlam, Ltd. 53,995 89,019
Sappi, Ltd. 5,068 18,175
Sasol, Ltd. 19,917 571,591
Shoprite Holdings, Ltd. 10,263 46,373
Standard Bank Group, Ltd. 38,600 334,065
Steinhoff International Holdings, Ltd. * 23,609 25,175
Telkom SA, Ltd. 7,148 72,604
Tiger Brands, Ltd. 3,884 52,988
Truworths International, Ltd. 10,796 34,168
Woolworths Holdings, Ltd. 18,895 23,080
    3,970,124
South Korea - 1.98%    
Amorepacific Corp. 130 56,199
Asiana Airlines 676 1,530
Cheil Industries, Inc. 1,810 49,228
CJ CheilJedang Corp. * 238 27,475
Daegu Bank 4,210 20,001
Daelim Industrial Company 820 18,565
Daewoo Engineering & Construction    
Company, Ltd. 7,109 39,855
Daewoo International Corp. 1,220 14,874
Daewoo Securities Company, Ltd. 3,770 27,040
Daewoo Shipbuilding & Marine Engineering    
Company, Ltd. 2,760 28,636
DC Chemical Company, Ltd. 390 53,304
Dongbu Insurance Company, Ltd. 1,320 13,980
Dongkuk Steel Mill Company, Ltd. 1,380 21,726
Doosan Corp. * 310 15,011
Doosan Heavy Industries and Construction    
Company, Ltd. 1,150 41,327
Doosan Infracore Company, Ltd. 2,880 25,583
GS Engineering & Construction Corp. 1,370 46,340
GS Holdings Corp. 1,810 26,875
Hana Financial Group, Inc. 4,350 51,972
Hanjin Heavy Industries & Construction    
Company, Ltd. 781 10,629
Hanjin Shipping Company, Ltd. 2,640 28,526
Hankook Tire Company, Ltd. 4,330 40,783
Hanwha Chem Corp. 1,584 5,394
Hanwha Corp. 1,930 24,330
Hite Holdings Company, Ltd. 183 2,240
Hite Holdings Company, Ltd. * 145 17,817
Honam Petrochemical Corp. 780 23,578
Hynix Semiconductor, Inc. * 10,290 52,075
Hyosung Corp. 840 19,552
Hyundai Department Store Company, Ltd. 680 25,547
Hyundai Development Company 2,470 51,229
Hyundai Engineering & Construction    
Company, Ltd. 1,840 63,031

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
Hyundai Heavy Industries 1,370 $ 144,121
Hyundai Mipo Dockyard 360 31,375
Hyundai Mobis 1,950 82,307
Hyundai Motor Company, Ltd. 5,240 148,398
Hyundai Securities Company, Ltd. 4,428 22,467
Hyundai Steel Company 1,730 39,031
Industrial Bank of Korea 6,000 28,493
Kangwon Land, Inc. 4,780 39,016
KB Financial Group Inc * 7,207 148,163
KCC Corp. 200 35,002
Kia Motors Corp. * 6,270 30,001
Korea Electric Power Corp. 9,163 171,937
Korea Exchange Bank 8,520 41,928
Korea Express Company, Ltd. * 480 28,155
Korea Gas Corp. 780 29,981
Korea Investment Holdings Company, Ltd. 1,940 33,150
Korea Line Corp. 240 9,396
Korea Zinc Company, Ltd. 290 13,727
Korean Air Lines Company, Ltd. 1,587 41,880
Korean Reinsurance Company, Ltd. 12 73
KT Corp. 4,480 100,789
KT Freetel Company, Ltd. * 3,090 60,011
KT&G Corp. 3,820 211,454
Kumho Industrial Company, Ltd. 960 8,216
LG Chem, Ltd. 1,653 78,456
LG Corp. 3,110 88,133
LG Dacom Corp. 2,070 27,564
LG Electronics, Inc. 3,240 173,495
LG Household & Health Care, Ltd. 350 39,831
LG Philips LCD Company, Ltd., ADR 2,120 14,946
LG Philips LCD Company, Ltd. 5,506 75,354
LG Telecom, Ltd. 5,209 38,463
Lotte Confectionery Company, Ltd. 20 16,666
Lotte Shopping Company, Ltd. 370 45,306
LS Cable, Ltd. 500 23,791
Mirae Asset Securities Company, Ltd. 985 42,663
NHN Corp. * 1,290 107,573
POSCO, SADR 4,007 231,404
POSCO 1,620 363,386
Pusan Bank 4,290 17,724
S1 Corp. 840 29,505
Samsung Card Company, Ltd. 1,190 28,920
Samsung Corp. 4,317 116,684
Samsung Electro-Mechanics Company, Ltd. 1,930 45,416
Samsung Electronics Company, Ltd., GDR (h) 170 28,121
Samsung Electronics Company, Ltd. 3,623 1,199,961
Samsung Engineering Company, Ltd. 1,170 31,193
Samsung Fire & Marine    
Insurance Company, Ltd. 1,360 179,361
Samsung Heavy Industries Company, Ltd. 6,201 84,509
Samsung SDI Company, Ltd. * 1,270 51,458
Samsung Securities Company, Ltd. 1,920 81,779
Samsung Techwin Company, Ltd. 2,090 42,371
Shinhan Financial Group Company, Ltd. 11,730 245,661
Shinsegae Company, Ltd. 460 138,536
SK Corp. 1,293 76,081

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
South Korea (continued)    
SK Energy Company, Ltd. 2,156 $ 100,034
SK Networks Company, Ltd. * 2,740 16,315
SK Telecom Company, Ltd. 1,347 199,440
S-Oil Corp. 1,520 68,328
STX Pan Ocean Company, Ltd. 40,570 22,911
STX Shipbuilding Company, Ltd. 1,620 13,334
Taihan Electric Wire Company, Ltd. 900 9,433
Tong Yang Investment Bank 1 3
Woongjin Coway Company, Ltd. 1,690 28,828
Woori Finance Holdings Company, Ltd. 7,600 36,981
Woori Investment & Securities Company, Ltd. 3,040 21,472
Yuhan Corp. 340 49,460
    6,774,173
Spain - 2.96%    
Abertis Infraestructuras SA 8,756 148,247
Acciona SA 842 76,593
Acerinox SA 5,755 77,455
ACS Actividades SA 6,157 244,186
Banco Bilbao Vizcaya Argentaria SA 119,778 1,243,147
Banco de Sabadell SA 29,552 195,912
Banco de Valencia SA 7,940 79,506
Banco Popular Espanol SA 27,026 215,879
Banco Santander Central Hispano SA 210,349 1,728,415
Bankinter SA, ADR 10,025 86,412
Cintra Concesiones de Infraestructuras de    
Transporte SA 8,804 70,374
Corporacion Mapfre SA 22,124 69,776
Criteria Caixacorp SA 28,458 97,149
Enagas 6,674 124,196
Fomento de Construcciones SA 1,891 69,076
Gamesa Corporacion Tecnologica SA 5,309 89,192
Gas Natural SDG SA 3,712 102,957
Gestevision Telecinco SA 2,563 22,655
Grifols SA 4,975 85,896
Grupo Ferrovial SA 2,220 55,966
Iberdrola Renovables * 32,278 108,814
Iberdrola SA 119,056 883,927
Iberia Lineas Aereas de Espana SA 11,209 27,855
Indra Sistemas SA 2,819 57,570
Industria de Diseno Textil SA 7,130 239,546
Mapfre SA * 567 1,779
Red Electrica De Espana 3,413 151,179
Repsol YPF SA 25,072 483,082
Sacyr Vallehermoso SA 2,340 22,626
Telefonica SA 143,896 2,916,260
Union Fenosa SA 12,771 278,422
Zardoya Otis SA 4,998 86,798
    10,142,737
Sweden - 1.38%    
Alfa Laval AB 18,300 143,476
Assa Abloy AB, Series B 11,600 112,337
Atlas Copco AB, Series A, ADR 20,534 144,717
Atlas Copco AB, Series B, ADR 12,791 80,009
Electrolux AB, Series B 6,123 51,920
Ericsson (LM), Series B 98,000 685,962

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Sweden (continued)    
Getinge AB, Series B 6,000 $ 71,820
Hennes & Mauritz AB, B shares 16,850 621,815
Holmen AB, Series B 1,300 31,424
Husqvarna AB, B Shares 6,593 38,213
Investor AB, B shares 16,000 225,965
Lundin Petroleum AB, Series A * 5,696 27,778
Modern Times Group AB, Series B 1,310 22,885
Nordea Bank AB 68,500 493,254
Sandvik AB 30,395 178,940
Scania AB, Series B 8,800 69,215
Securitas AB, Series B 7,800 73,873
Skandinaviska Enskilda Banken AB, Series A 14,400 121,675
Skanska AB, Series B 14,000 103,472
SKF AB, B Shares 14,200 113,035
SSAB Svenskt Stal AB, Series A 4,300 34,321
SSAB Svenskt Stal AB, Series B 2,150 16,267
Svenska Cellulosa AB, ADR 18,100 146,318
Svenska Handelsbanken AB, Series A 15,500 257,684
Swedbank AB, A shares 9,600 69,124
Swedish Match AB 9,500 144,889
Tele2 AB, Series B 10,176 83,048
Teliasonera AB 69,500 311,777
Volvo AB, Series A 17,156 78,866
Volvo AB, Series B 33,000 146,955
    4,710,815
Switzerland - 6.06%    
ABB, Ltd. * 75,998 985,124
Actelion, Ltd. * 3,494 157,425
Adecco SA 4,280 127,201
Aryzta AG * 3,099 82,836
Baloise Holding AG 1,998 111,691
BKW FMB Energie AG 625 57,377
Credit Suisse Group AG 36,138 1,059,130
EFG International, ADR 2,046 32,812
Geberit AG, ADR 1,441 132,650
Givaudan AG 227 149,003
Holcim, Ltd. 7,284 324,188
Julius Baer Holding AG 7,326 240,441
Kuehne & Nagel International AG 1,897 115,761
Lindt & Spruengli AG, ADR 32 62,016
Lindt & Spruengli AG 4 98,547
Logitech International SA * 6,686 87,279
Lonza Group AG 1,747 144,071
Nestle SA 133,247 4,825,911
Nobel Biocare Holding AG, Series BR 4,707 71,466
Novartis AG 82,183 3,835,004
Pargesa Holding SA, ADR 1,087 84,039
Phonak Holding AG 1,688 91,192
Roche Holdings AG - Genusschein 24,267 3,399,668
Schindler Holding AG 1,820 74,031
Societe Generale de Surveillance Holdings AG 169 143,859
Straumann Holding AG 338 44,953
Sulzer AG 993 53,272
Swatch Group AG, BR shares 1,135 134,117
Swatch Group AG 1,969 44,092
Swiss Life Holding * 1,350 83,197

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Swiss Re 12,154 $ 496,595
Swisscom AG 797 228,261
Syngenta AG 3,594 646,093
Synthes AG 2,092 242,406
UBS AG * 101,529 1,268,434
Unaxis Holding AG * 292 21,020
Zurich Financial Services AG 5,028 980,679
    20,735,841
Taiwan - 1.36%    
Acer Sertek, Inc. 56,555 72,199
Advanced Semiconductor Engineering, Inc. 94,302 32,323
Advantech Company, Ltd. 5,512 6,924
Asia Cement Corp. 37,778 30,653
Asia Optical Company, Inc. 79 85
Asustek Computer, Inc. 94,578 108,440
AU Optronics Corp. 175,021 107,364
BenQ Corp. 32,400 6,073
Catcher Technology Company, Ltd. 12,870 22,234
Cathay Financial Holdings Company, Ltd. 158,750 165,542
Chang Hwa Commercial Bank, Ltd. 82,000 30,021
Cheng Shin Rubber Industry Company, Ltd. 19,366 17,283
Cheng Uei Precision Industry Company, Ltd. 7,612 7,577
Chi Mei Optoelectronics Corp. 104,454 30,596
China Airlines, Ltd. * 24,716 5,837
China Development Financial Holdings Corp. 224,352 44,995
China Motor Company, Ltd. 55 14
China Steel Corp. 262,415 175,368
Chinatrust Finance Holding Company, Ltd. 176,110 59,862
Chunghwa Picture Tubes, Ltd. 135,000 10,009
Chunghwa Telecom Company, Ltd. * 162,139 256,114
CMC Magnetics Corp. * 65,000 8,655
Compal Communications, Inc. 4,410 2,226
Compal Electronics, Inc. 72,706 37,850
Delta Electronics, Inc. 35,190 68,581
D-Link Corp. 652 382
E.Sun Financial Holding Company, Ltd. 63,440 16,663
Epistar Corp. 8,946 8,513
Eternal Chemical Company, Ltd. 12,320 6,332
EVA Airways Corp. * 24,000 5,664
Evergreen Marine Corp. 28,000 13,797
Everlight Electronics Company, Ltd. 2,039 2,571
Far Eastern Department Stores Company, Ltd. 6,300 3,187
Far Eastern Textile, Ltd. 65,045 44,306
Far EasTone Telecommunications    
Company, Ltd. 30,463 35,627
First Financial Holding Company, Ltd. 103,021 47,442
Formosa Chemicals & Fibre Corp. 68,000 95,877
Formosa Petrochemical Corp. 44,000 92,808
Formosa Plastic Corp. 107,000 157,086
Formosa Taffeta Company, Ltd. 19,000 10,491
Foxconn Technology Company, Ltd. 11,220 23,393
Fubon Group Company, Ltd. 83,000 50,112
Fuhwa Financial Holdings Company, Ltd. 169,825 65,137
HannStar Display Corp. 105,921 12,115
High Tech Computer Corp. 15,520 154,520
Hon Hai Precision Industry Company, Ltd. 179,676 349,804

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Hua Nan Financial Holdings Company, Ltd. 80,580 $ 39,436
InnoLux Display Corp. 52,484 30,272
Inotera Memories, Inc. * 74,780 15,733
Inventec Appliances Corp. 620 443
Inventec Company, Ltd. 35,280 9,068
KGI Securities Company, Ltd. 23,000 6,444
Kinsus Interconnect Technology Corp. 5,527 5,288
Largan Precision Company, Ltd. 2,080 13,021
Lite-On Technology Corp. 44,096 31,427
Macronix International Company, Ltd. 66,803 17,362
MediaTek, Inc. 24,048 161,364
Mega Financial Holding Company, Ltd. 206,000 63,444
Mitac International 24,691 8,631
Mosel Vitelic, Inc. * 600 89
Motech Industries, Inc. 2,909 5,687
Nan Ya Plastics Corp. 134,000 154,647
Nan Ya Printed Circuit Board Corp. 4,105 8,447
Nanya Technology Corp. * 56,347 8,182
Novatek Microelectronics Corp., Ltd. 10,275 8,860
Pan-International Industrial Company, Ltd. 100 60
Polaris Securities Company, Ltd. 43,990 13,613
Pou Chen Corp. 48,150 22,166
Powerchip Semiconductor Corp. * 170,386 15,870
Powertech Technology, Inc. 11,055 15,831
President Chain Store Corp. 11,000 25,925
ProMOS Technologies, Inc. * 139,000 5,567
Quanta Computer, Inc. 46,164 50,083
Realtek Semiconductor Corp. 9,103 9,370
Richtek Technology Corp. 1,100 4,223
Shin Kong Financial Holding Company, Ltd. 88,791 23,572
Siliconware Precision Industries Company 62,665 51,409
Sino-American Silicon Products, Inc. 1,086 1,745
SinoPac Holdings Company, Ltd. 144,000 29,646
Synnex Technology International Corp. 19,525 20,067
Taishin Financial Holdings Company, Ltd. 103,000 16,323
Taiwan Cellular Corp. 41,802 62,215
Taiwan Cement Corp. 62,205 46,415
Taiwan Cooperative Bank 62,100 28,490
Taiwan Fertilizer Company, Ltd. 16,000 23,330
Taiwan Glass Industrial Corp. 20,787 12,837
Taiwan Secom Company, Ltd. 5,000 6,550
Taiwan Semiconductor    
Manufacturing Company, Ltd. 651,028 812,139
Tatung Company, Ltd. * 88,000 14,919
Teco Electric & Machinery Company, Ltd. 47,000 14,209
Transcend Information, Inc. 2,099 2,893
Tripod Technology Corp. 8,458 8,087
Tung Ho Steel Enterprise Corp. 6,000 3,816
U-Ming Marine Transport Corp. 11,000 12,143
Unimicron Technology Corp. 17,513 7,882
Uni-President Enterprises Corp. 70,602 68,093
United Microelectronics Corp. 298,729 71,164
Vanguard International Semiconductor Corp. 19,284 4,069
Wafer Works Corp. 30 38
Walsin Lihwa Corp. 60,000 11,579
Wan Hai Lines, Ltd. 29,400 13,636

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Wistron Corp. 24,462 $ 16,272
Ya Hsin Industrial Company, Ltd. * 18,000 0
Yang Ming Marine Transport Corp. 26,609 9,415
Yulon Motor Company, Ltd. 15,449 6,539
Zinwell Corp. 180 146
    4,652,843
Thailand - 0.21%    
Advanced Info Service PCL 23,609 51,252
Airports of Thailand PLC 8,700 4,366
Ban Pu Coal Public Co., Ltd. 3,800 20,296
Bangkok Bank PCL, Foreign Shares 39,500 74,080
Bangkok Bank PCL 17,900 33,366
Bank of Ayudhya PCL - Foreign Shares 65,300 17,771
Bank of Ayudhya PCL 31,500 8,559
Banpu PCL, Reg. 2,600 13,848
BEC World PCL 18,400 9,130
C.P. Seven Eleven PCL 49,000 14,643
Glow Energy PCL 32,900 18,922
IRPC PCL 254,154 13,399
Kasikornbank PCL - Foreign Shares 49,400 59,621
Kasikornbank PCL 18,300 22,105
Krung Thai Bank PCL 57,000 5,303
Land & Houses PCL, Foreign Shares 42,300 3,813
PTT Aromatics & Refining PCL 17,600 3,821
PTT Chemical PCL 6,700 5,761
PTT Exploration & Production PCL 30,706 80,942
PTT PCL - Foreign Shares 28,282 117,210
Ratchaburi Electricity Generating Holding PCL 5,900 5,115
Siam Cement PCL - Foreign Shares 13,000 33,145
Siam Cement PCL 300 765
Siam Commercial Bank PCL 26,128 35,358
Thai Oil Public Company, Ltd. 32,800 17,570
TMB Bank PCL * 714,200 11,074
Total Access Communication PCL 32,000 28,697
    709,932
Turkey - 0.24%    
Adana Cimento Sanayii Turk Anonim Sirketi,    
Class A 442 858
Akbank AS 29,426 81,481
Aksigorta AS 2,924 4,476
Anadolu Efes Biracilik Ve Malt Sanayii AS 5,306 41,925
Arcelik AS 8,535 8,812
Asya Katilim Bankasi AS * 22,456 18,176
BIM Birlesik Magazalar AS 1,567 32,036
Coca-Cola Icecek AS 4,126 19,473
Dogan Sirketler Grubu Holdings AS * 12,411 9,145
Enka Insaat ve Sanayi AS 6,384 17,970
Eregli Demir ve Celik Fabrikalari TAS 18,200 43,798
Ford Otomotiv Sanayi AS 1,674 4,697
HACI Omer Sabanci Holdings, AS 11,671 23,340
KOC Holdings AS * 17,382 28,354
Petkim Petrokimya Holding AS * 1,680 5,204
Tupras Turkiye Petrol Rafine AS 4,261 40,915
Turk Sise ve Cam Fabrikalari AS * 7,938 5,514
Turk Telekomunikasyon AS * 20,309 44,355

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Turkey (continued)    
Turkcell Iletisim Hizmetleri AS, ADR 3,371 $ 46,452
Turkcell Iletisim Hizmetleri AS 17,555 99,623
Turkiye Garanti Bankasi AS * 64,386 94,457
Turkiye Halk Bankasi AS 12,137 32,191
Turkiye Is Bankasi AS 31,818 82,083
Turkiye Vakiflar Bankasi Tao 18,789 14,510
Yapi ve Kredi Bankasi AS * 22,571 27,750
    827,595
United Kingdom - 15.72%    
3i Group PLC 12,727 80,945
Admiral Group PLC 6,815 103,442
AMEC PLC 10,003 81,222
Anglo American PLC 45,009 1,071,538
Antofagasta PLC 11,657 77,953
Associated British Foods PLC 11,071 115,689
AstraZeneca Group PLC 49,140 1,852,876
Astro All Asia Networks PLC, GDR 11,900 7,293
Aviva PLC 89,193 553,731
BAE Systems PLC 120,441 659,372
Barclays PLC 278,421 738,311
Berkeley Group Holdings PLC * 3,634 47,311
BG Group PLC 113,487 1,619,627
BHP Billiton PLC 74,921 1,355,718
BICC PLC 16,786 79,217
BP PLC 633,499 5,134,500
British Airways PLC 20,191 48,488
British American Tobacco PLC 64,262 1,682,260
British Energy Group PLC 34,760 400,760
British Land Company PLC 16,537 133,867
British Sky Broadcasting Group PLC 39,516 267,517
BT Group PLC 265,339 549,144
Bunzl PLC 10,351 101,211
Burberry Group PLC 13,705 43,518
Cable & Wireless PLC 87,606 201,855
Cadbury PLC 46,491 393,687
Cairn Energy PLC * 4,373 114,302
Capita Group PLC 19,810 212,726
Carnival PLC 5,823 124,264
Carphone Warehouse 15,560 28,238
Centrica PLC 126,279 461,254
Cobham PLC 41,681 114,166
Compagnie Financiere Richemont SA 18,229 316,530
Compass Group PLC 63,529 300,667
Daily Mail and General Trust PLC 10,979 50,060
Diageo PLC 84,874 1,183,426
Drax Group PLC 11,656 109,821
Eurasian Natural Resources Corp. 9,579 41,253
FirstGroup PLC 14,898 108,108
Friends Provident Ethical Investment    
Trust PLC 71,011 80,669
GKN PLC 23,154 29,600
GlaxoSmithKline PLC 176,726 3,056,667
Group 4 Securicor PLC 39,711 124,417
Hammerson PLC 10,542 84,285
Hays PLC 47,915 54,301
HBOS PLC 177,436 250,493

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Home Retail Group 28,565 $ 89,683
HSBC Holdings PLC 406,861 4,438,649
ICAP PLC 17,895 81,061
IMI PLC 11,723 46,486
Imperial Tobacco Group PLC 34,611 864,057
Intercontinental Hotels Group PLC 9,172 74,914
International Power PLC 48,653 193,456
Invensys PLC * 24,677 62,872
Investec PLC 14,488 59,587
ITV PLC 105,879 57,916
J Sainsbury PLC 36,126 160,119
Johnson Matthey PLC 7,001 93,605
Kazakhmys PLC 6,325 25,302
Kingfisher PLC 84,371 155,515
Ladbrokes PLC 19,636 56,479
Land Securities Group PLC 15,152 220,845
Legal & General Group PLC 209,334 218,911
Liberty International PLC 7,970 66,728
Lloyds TSB Group PLC 196,425 507,119
Logica PLC 51,566 52,655
London Stock Exchange Group PLC 5,241 49,565
Lonmin PLC, ADR 5,064 66,553
Man Group PLC, ADR 58,204 226,664
Marks & Spencer Group PLC 55,363 193,314
Meggitt PLC 22,267 49,856
National Express Group PLC 4,566 39,845
National Grid PLC 83,335 869,180
Next Group PLC 6,693 114,642
Old Mutual PLC 160,545 136,150
Pearson PLC 27,628 264,315
Pharmstandard * 4,494 42,693
PIK Group 5,524 7,513
Prudential PLC 83,420 437,329
Reckitt Benckiser PLC 20,604 875,866
Reed Elsevier PLC 37,653 313,299
Rexam PLC 23,321 125,485
Rio Tinto PLC 33,799 840,694
Rolls-Royce Group PLC * 62,604 302,046
Rolls-Royce Group PLC * 3,580,949 5
Rosneft Oil Co 25,704 103,428
Royal & Sun Alliance PLC 116,043 273,769
Royal Bank of Scotland Group PLC 549,238 471,533
Royal Dutch Shell PLC, A Shares 119,501 3,209,940
Royal Dutch Shell PLC, B Shares 92,414 2,426,561
SABMiller PLC 31,088 504,353
Schroders PLC 4,300 56,260
Scottish & Southern Energy PLC 29,048 494,193
Segro PLC, REIT 14,142 48,515
Serco Group PLC 15,131 92,817
Severn Trent PLC 8,235 145,207
Shire, Ltd. 19,509 268,870
Smith & Nephew PLC 28,741 214,968
Smiths Group PLC 12,738 164,576
Stagecoach Group PLC 18,453 49,705
Standard Chartered PLC 48,700 635,427
Standard Chartered PLC * 16,055 101,236

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Standard Life PLC 75,105 $ 304,730
Tate & Lyle PLC 15,818 95,464
Tesco PLC 266,642 1,215,535
The Sage Group PLC 44,462 114,084
Thomas Cook Group PLC 18,531 46,598
Thomson Reuters PLC 6,658 133,773
Tomkins PLC 29,638 50,112
TUI Travel PLC 17,477 57,322
Tullow Oil PLC 25,170 203,073
Unilever PLC 43,301 994,274
United Business Media, Ltd. 8,522 56,153
United Utilities Group PLC * 22,227 207,554
Vedanta Resources PLC 4,473 42,267
Vodafone Group PLC 1,789,065 3,509,180
Whitbread PLC 5,858 76,115
William Morrison Supermarket PLC 82,728 309,708
Wolseley PLC 21,983 103,476
Xstrata PLC 21,704 312,863
    53,820,911
United States - 0.24%    
Gazpromneft OAO 2,660 27,132
Industrial Alliance Insurance and Financial    
Services, Inc. 3,100 72,488
KB Financial Group, Inc. * 4,474 91,225
Larsen & Toubro, Ltd. 14,498 217,470
SNC-Lavalin Group, Inc. 4,800 134,688
Southern Copper Corp. (a) 4,200 57,792
Vivo Participacoes SA * 802 9,953
WPP PLC 36,207 202,127
      812,875
TOTAL COMMON STOCKS (Cost $491,586,989)   $ 319,951,480
 
PREFERRED STOCKS - 1.27%    
Brazil - 1.07%    
Aracruz Celulose SA (j) 9,100 7,544
Banco Bradesco SA (j) 48,750 522,032
Banco do Estado do Rio Grande do Sul (j) 8,516 21,879
Banco Itau Holding Financeira SA (j) 41,825 481,106
Bradespar SA (j) 7,800 64,665
Brasil Telecom Participacoes SA (j) 3,800 30,355
Brasil Telecom SA (j) 6,301 40,266
Braskem SA, A Shares (j) 6,600 17,840
Centrais Eletricas Brasileiras SA (j) 5,700 60,053
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar (j) 2,120 34,776
Cia de Bebidas das Americas (j) 2,914 123,571
Cia Energetica de Minas Gerais (j) 4,417 69,613
Cia Energetica de Sao Paulo (j) 5,638 32,865
Cia Paranaense de Energia (j) 3,900 46,107
Cia Vale do Rio Doce (j) 45,182 478,167
Companhia de Bebidas das Americas, ADR (j) 2,653 115,326
Duratex SA (j) 2,800 17,639
Eletropaulo Metropolitana de Sao Paulo SA (j) 3,483 39,628
Fertilizantes Fosfatados SA (j) 5,800 27,523
Gerdau SA (j) 12,360 77,652

International Equity Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
PREFERRED STOCKS (continued)    
Brazil (continued)    
Investimentos Itau SA (j) 68,832 $ 245,197
Klabin SA (j) 15,000 21,956
Lojas Americanas SA (j) 11,300 31,227
Metalurgica Gerdau SA (j) 9,700 85,442
Net Servicos de Comunicacao SA * 6,466 38,361
Petroleo Brasileiro SA (j) 72,184 625,234
Sadia SA, ADR (j) 12,000 17,099
Suzano Papel e Celulose SA * 4,700 25,165
Tam SA (j) 2,734 18,298
Tele Norte Leste Participacoes SA (j) 3,400 49,195
Telemar Norte Leste SA, Series A (j) 2,300 57,789
Tim Participacoes SA (j) 23,740 39,363
Usinas Siderurgicas de Minas Gerais SA,    
Series A (j) 4,942 49,869
Vivo Participacoes SA (j) 3,938 49,305
Votorantim Celulose e Papel SA * 2,600 14,550
    3,676,657
Germany - 0.12%    
Bayerische Motoren Werke (BMW) AG (j) 2,073 37,768
Porsche Automobil Holding SE (j) 2,644 170,043
RWE AG (j) 1,167 68,499
Volkswagen AG (j) 3,316 134,815
    411,125
Italy - 0.01%    
Unipol SpA (j) 38,448 38,746
Malaysia - 0.00%    
Malaysian Airline System BHD * 1,800 328
Russia - 0.01%    
Surgutneftegaz SADR (a)(j) 22,697 44,826
South Korea - 0.06%    
Hyundai Motor Company (j) 1,820 17,727
LG Electronics, Inc. (j) 980 19,704
Samsung Electronics Company, Ltd. (j) 670 152,669
          190,100
TOTAL PREFERRED STOCKS (Cost $7,450,552)   $ 4,361,782
 
WARRANTS - 0.00%    
Indonesia - 0.00%    
Bank Pan Indonesia Tbk PT    
(Expiration Date: 07/10/2009, Strike    
Price: IDR 400.00) * 25,750 353
Malaysia - 0.00%    
IJM Land Berhad    
(Expiration Date: 09/11/2013, Strike    
Price: MYR 1.35) * 3,090     171
TOTAL WARRANTS (Cost $244)   $ 524
 
RIGHTS - 0.02%      
Australia - 0.00%    
CSR, Ltd. (Expiration Date: 12/10/2008) * 6,701 0
Incitec Pivot, Ltd. (Expiration Date:    
12/04/2008) * 13,800 1,358
    1,358

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
RIGHTS (continued)      
Belgium - 0.00%      
Fortis Group SA (Expiration Date: 07/04/2014) * 71,652 $ 0
Japan - 0.00%      
Dowa Mining Company, Ltd. (Expiration Date:    
01/29/2010, Strike Price: JPY 1.00) *   5,000 761
Sweden - 0.00%      
Swedbank AB (Expiration Date: 12/16/2008) * 9,600 5,758
United Kingdom - 0.02%      
Centrica PLC (Expiration Date: 12/12/2008) 47,354    53,893
TOTAL RIGHTS (Cost $0)     $ 61,770
 
SHORT TERM INVESTMENTS - 3.64%    
AIM Short-Term Investment Trust,      
STIC Prime Portfolio,        
Institutional Class $ 7,556,114 $ 7,556,114
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   4,902,207    4,902,207
TOTAL SHORT TERM INVESTMENTS      
(Cost $12,458,321)     $ 12,458,321
Total Investments (International Equity Index Fund)  
(Cost $511,496,106) - 98.39%     $ 336,833,877
Other Assets in Excess of Liabilities - 1.61%   5,496,907
TOTAL NET ASSETS - 100.00%   $ 342,330,784
 
 
International Opportunities Fund    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 87.76%      
Australia - 3.17%      
CSL, Ltd.   701,958 $ 16,099,767
Brazil - 4.97%      
Gafisa SA   780,183 2,951,015
Petroleo Brasileiro SA, ADR   502,680 10,526,119
Unibanco - Uniao De Bancos      
Brasileiros SA, ADR *   183,566 11,764,745
      25,241,879
Canada - 3.09%      
Rogers Communications, Inc., Class B   541,242 15,667,302
China - 1.03%      
Industrial & Commercial Bank of China, Ltd. 10,616,000 5,240,602
Denmark - 3.38%      
Vestas Wind Systems AS *   378,214 17,145,665
Finland - 1.30%      
Nokia AB Oyj   465,610 6,597,029
France - 6.66%      
Accor SA   213,236 8,230,677
Alstom   132,386 7,094,965
BNP Paribas SA   173,684 9,624,738
Cie Generale de Geophysique-Veritas *   327,177 5,405,213

International Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
France (continued)    
JC Decaux SA (a) 244,370 $ 3,455,951
    33,811,544
Germany - 3.39%    
Bayerische Motoren Werke (BMW) AG 197,951 4,948,196
Linde AG 168,042 12,261,149
    17,209,345
Hong Kong - 3.22%    
Cheung Kong Holdings, Ltd. 528,000 5,007,865
CNOOC, Ltd. 6,777,600 5,556,871
Esprit Holdings, Ltd. 1,218,000 5,776,588
    16,341,324
India - 1.12%    
ICICI Bank, Ltd., SADR 400,077 5,697,096
Israel - 3.93%    
Teva Pharmaceutical Industries, Ltd., SADR (a) 461,924 19,932,021
Japan - 10.79%    
Daikin Industries, Ltd. 270,005 7,122,037
Daiwa Securities Group, Inc. 1,363,000 6,989,439
Honda Motor Company, Ltd. 207,900 4,655,222
Marubeni Corp. 2,385,000 8,368,763
Matsushita Electric Industrial Company, Ltd. 138,000 1,675,718
Mizuho Financial Group, Inc. (a) 2,638 7,003,886
Nintendo Company, Ltd. 60,900 18,933,053
    54,748,118
Mexico - 1.45%    
Cemex SA de CV, SADR * (a) 1,061,365 7,376,487
Netherlands - 2.33%    
Heineken NV 428,698 11,828,598
Singapore - 0.43%    
Singapore Airlines, Ltd. 313,000 2,168,101
Spain - 3.92%    
Banco Bilbao Vizcaya Argentaria SA 200,357 2,079,456
Gamesa Corporacion Tecnologica SA 612,895 10,296,700
Telefonica SA 371,848 7,536,037
    19,912,193
Sweden - 0.50%    
Hennes & Mauritz AB, B shares 68,143 2,514,680
Switzerland - 15.03%    
ABB, Ltd. * 391,284 5,072,020
Actelion, Ltd. * 124,231 5,597,330
Alcon, Inc. 60,100 4,795,379
Credit Suisse Group AG 536,604 15,726,757
Julius Baer Holding AG 199,583 6,550,362
Lonza Group AG 183,549 15,136,883
Nestle SA 371,927 13,470,370
Roche Holdings AG - Genusschein 70,937 9,937,868
    76,286,969
Taiwan - 4.39%    
Hon Hai Precision Industry Company, Ltd. 3,506,050 6,825,780

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Opportunities Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Taiwan (continued)      
Taiwan Semiconductor      
Manufacturing Company, Ltd., SADR   2,158,362 $ 15,432,288
      22,258,068
United Kingdom - 13.16%      
BG Group PLC   744,403 10,623,731
BP PLC   1,345,555 10,905,703
Compagnie Financiere Richemont SA   115,676 2,008,608
HSBC Holdings PLC   720,463 7,859,888
Reckitt Benckiser PLC   219,142 9,315,622
Tesco PLC   3,443,516 15,697,884
Vodafone Group PLC   5,288,916 10,374,000
      66,785,436
United States - 0.50%      
Las Vegas Sands Corp. *   495,096    2,559,646
TOTAL COMMON STOCKS (Cost $639,684,902)   $ 445,421,870
 
SHORT TERM INVESTMENTS - 4.33%      
John Hancock Cash        
Investment Trust, 1.6231% (c)(i) $ 21,981,025 $ 21,981,025
TOTAL SHORT TERM INVESTMENTS      
(Cost $21,981,025)     $ 21,981,025
 
REPURCHASE AGREEMENTS - 14.25%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$72,307,301 on 12/1/2008,      
collateralized by $70,410,000      
Federal Home Loan Mortgage      
Corp., 3.875% due 06/29/2011      
(valued at $73,754,475, including      
interest) $ 72,307,000 $ 72,307,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $72,307,000)     $ 72,307,000
Total Investments (International Opportunities Fund)  
(Cost $733,972,927) - 106.34%     $ 539,709,895
Liabilities in Excess of Other Assets - (6.34)%     (32,164,773)
TOTAL NET ASSETS - 100.00%     $ 507,545,122

The portfolio had the following five top industry concentrations as of November 30, 2008 (as a percentage of total net assets):

Banking 8.07%
Financial Services 7.40%
Pharmaceuticals 6.99%
Industrial Machinery 5.22%
Telecommunications Equipment & Services 4.83%

International Small Cap Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 84.48%    
Australia - 7.94%    
Billabong International, Ltd. 589,256 $ 4,127,697
Downer EDI, Ltd. 912,234 2,521,021
Emeco Holdings, Ltd. 6,509,418 2,224,328
Iluka Resources, Ltd. * 1,686,811 4,915,095
Pacific Brands, Ltd. 5,480,844 2,680,823
PaperlinX, Ltd. 4,558,173 3,150,804
    19,619,768
Belgium - 1.72%    
Barco NV 176,790 4,249,581
Bermuda - 1.63%    
Bio-Treat Technology, Ltd. * 8,014,612 269,145
Ngai Lik Industrial Holdings, Ltd. 9,645,530 73,280
People's Food Holdings, Ltd. 8,982,174 3,693,125
    4,035,550
Canada - 5.86%    
ATS Automation Tooling Systems, Inc. * 780,460 3,146,509
Biovail Corp. 505,000 4,418,037
Canaccord Capital, Inc. 737,000 2,454,290
Dorel Industries, Inc., Class B 95,400 2,068,461
GSI Group, Inc. * 470,784 503,739
MDS, Inc. * 246,777 1,790,835
Mega Brands, Inc. * 196,700 111,022
    14,492,893
Cayman Islands - 0.00%    
Chitaly Holdings, Ltd. 224,729 8,712
China - 1.62%    
Sinotrans, Ltd., Class H 29,397,000 4,015,734
Finland - 3.39%    
Amer Sports Oyj, A Shares (a) 448,524 3,151,066
Elcoteq SE, A Shares * 319,781 550,748
Huhtamaki Oyj 686,886 4,669,466
    8,371,280
Germany - 1.39%    
Jenoptik AG * 737,145 3,437,110
Hong Kong - 6.87%    
AAC Acoustic Technology Holdings, Inc. * 4,502,000 1,408,263
Dah Sing Financial Group 1,544,774 3,068,396
Fountain Set Holdings, Ltd. 11,313,425 360,803
Giordano International, Ltd. 10,936,365 2,277,864
Lerado Group Holding Company, Ltd. 12,649,682 663,997
TCL Communication Technology    
Holdings, Ltd. * 37,286,192 274,760
Texwinca Holdings, Ltd. 8,286,907 3,878,909
Travelsky Technology, Ltd., Class H 3,181,132 1,026,946
Weiqiao Textile Company, Ltd. 3,138,106 722,378
Yue Yuen Industrial Holdings, Ltd. 1,809,140 3,295,984
    16,978,300
Japan - 10.59%    
Aiful Corp. (a) 324,750 829,381
Descente, Ltd. 1,076,860 5,230,737
Meitec Corp. 186,911 3,812,545
Nichii Gakkan Company, Ltd. 449,866 5,053,635
Sohgo Security Services Company, Ltd. 428,273 4,499,246

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Cap Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Takuma Company, Ltd. (a) 1,277,000 $ 2,479,162
USS Company, Ltd. 68,130 4,269,282
    26,173,988
Netherlands - 5.18%    
Draka Holding NV (a) 82,828 774,309
Imtech NV 167,774 2,577,970
OPG Groep NV 252,718 2,920,906
SBM Offshore NV 160,084 2,503,722
USG People NV (a) 363,220 4,021,189
    12,798,096
Norway - 1.40%    
Tomra Systems ASA 1,012,160 3,470,842
Philippines - 0.10%    
First Gen Corp. * 1,066,400 258,701
Singapore - 0.87%    
Huan Hsin Holdings, Ltd. 3,335,298 583,536
Osim International, Ltd. * 2,955,008 147,355
Venture Corp., Ltd. 521,229 1,423,880
    2,154,771
South Korea - 7.47%    
Binggrae Company, Ltd. 49,830 1,359,029
Daeduck Electronics Company, Ltd. 448,800 980,138
Daegu Bank 568,020 2,698,587
Halla Climate Control Company, Ltd. 697,300 3,870,502
Intops Company, Ltd. 114,792 1,063,662
People & Telecommunication, Inc. 263,304 741,569
Pusan Bank 574,220 2,372,409
Sindo Ricoh Company, Ltd. 78,430 3,106,511
Youngone Corp. 626,660 2,269,922
    18,462,329
Spain - 1.76%    
Sol Melia SA 711,730 4,357,124
Sweden - 1.65%    
D. Carnegie & Company AB 739,376 1,619,304
Niscayah Group AB 2,496,590 2,469,899
    4,089,203
Switzerland - 1.96%    
Verwaltungs & Privat Bank AG 36,925 4,836,844
Taiwan - 9.58%    
Acbel Polytech, Inc. 5,202,000 1,982,838
D-Link Corp. 3,809,692 2,229,550
Giant Manufacturing Company, Ltd. 892,500 2,217,093
KYE System Corp. 4,310,965 2,015,038
Pihsiang Machinery Manufacturing Company,    
Ltd. 3,118,000 4,348,719
Simplo Technology Company, Ltd. 968,960 2,261,904
Ta Chong Bank, Ltd. * 25,617,000 4,253,151
Taiwan Fu Hsing Industrial Company, Ltd. 2,886,000 1,033,197
Test-Rite International Company, Ltd. 7,905,403 3,338,372
    23,679,862
Thailand - 3.98%    
Bank of Ayudhya PCL, NVDR * 10,812,700 2,937,831

International Small Cap Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Thailand (continued)      
Glow Energy PCL   6,865,525 $ 3,948,596
Total Access Communication PCL   3,445,460 2,943,157
      9,829,584
United Kingdom - 7.43%      
Bodycote International PLC   2,050,973 3,288,258
Burberry Group PLC   574,229    1,823,372
Fiberweb PLC   2,767,330 1,120,247
Future PLC   5,499,140 1,183,174
Game Group PLC   1,213,795 2,931,166
Henderson Group PLC   2,753,082 2,328,757
New Star Asset Management Group, Ltd.   2,384,620 514,830
Yell Group PLC *   2,764,850 2,536,311
Yule Catto & Company PLC   2,196,604 2,643,258
      18,369,373
United States - 2.09%      
Steiner Leisure, Ltd. *   213,855    5,173,152
TOTAL COMMON STOCKS (Cost $398,034,427)   $ 208,862,797
 
SHORT TERM INVESTMENTS - 13.91%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 5,238,865 $ 5,238,865
Paribas Corp.        
0.6875% due 12/01/2008   29,145,000    29,145,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $34,383,865)     $ 34,383,865
Total Investments (International Small Cap Fund)    
(Cost $432,418,292) - 98.39%     $ 243,246,662
Other Assets in Excess of Liabilities - 1.61%   3,991,408
TOTAL NET ASSETS - 100.00%     $ 247,238,070

The portfolio had the following five top industry concentrations as of November 30, 2008 (as a percentage of total net assets):

Apparel & Textiles 7.90%
Banking 6.92%
Business Services 5.99%
Industrial Machinery 4.58%
Retail Trade 3.98%

International Small Company Fund  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 97.90%    
Australia - 5.32%    
Acrux, Ltd. * 23,000 $ 7,034
Adelaide Brighton, Ltd. 105,858 138,264
Aditya Birla Minerals, Ltd. 40,783 3,785
Admiralty Resources NL * 399,847 2,917
AED Oil, Ltd. * (a) 34,925 24,249
Aevum, Ltd. 35,501 23,352
AJ Lucas Group, Ltd. 13,180 42,005

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
Alchemia, Ltd. * 43,512 $ 4,162
Alesco Corp., Ltd. 27,563 98,402
Alkane Resources, Ltd. * 7,000 665
Alliance Resources, Ltd. * 36,000 9,884
Amadeus Energy, Ltd. * 46,767 12,010
Amalgamated Holdings, Ltd. 23,828 64,347
Andean Resources, Ltd. * 79,891 34,914
Ansell, Ltd. 45,924 385,711
APA Group, Ltd. 128,282 228,357
APN News & Media, Ltd. 61,821 105,815
Aquila Resources, Ltd. * 41,695 105,949
ARB Corp., Ltd. 16,596 31,604
Arrow Energy NL * 145,635 201,875
Atlas Iron, Ltd. * 50,850 21,653
Ausdrill, Ltd. 45,446 36,734
Ausenco, Ltd. 19,732 30,351
Austal, Ltd. 37,191 50,243
Austar United Communications, Ltd. * (a) 187,684 94,045
Austereo Group, Ltd. 68,999 50,549
Australian Agricultural Company, Ltd. 57,508 51,923
Australian Infrastructure Fund 122,348 129,306
Australian Pharmaceutical Industries, Ltd. 68,318 17,970
Australian Wealth Management, Ltd. 172,770 98,033
Australian Worldwide Exploration, Ltd. * 165,883 272,018
Automotive Holdings Group 11,804 3,970
AVJennings, Ltd. 48,073 12,660
Avoca Resources, Ltd. * (a) 43,450 44,422
AWB, Ltd. 119,690 270,395
Babcock & Brown Wind Partners 265,991 164,755
Beach Petroleum, Ltd. 376,689 215,461
Becton Property Group (a) 11,935 634
Bendigo Mining, Ltd. * 178,194 15,187
Biota Holdings, Ltd. * 39,986 9,599
Blackmores, Ltd. 2,247 20,171
Boom Logistics, Ltd. 77,274 29,332
Bradken, Ltd. 47,939 106,909
Brickworks, Ltd. 40,654 246,585
Brockman Resources, Ltd. * 29,655 9,451
Buru Energy, Ltd. * 31,633 3,734
Cabcharge Australia, Ltd. 34,031 141,587
Campbell Brothers, Ltd. 13,677 179,974
Candle Australia, Ltd. 19,623 5,489
Cardno, Ltd. (a) 23,287 53,666
Carnarvon Petroleum, Ltd. * 170,442 31,512
CBH Resources, Ltd. * 158,181 4,051
CEC Group, Ltd. * 8,875 939
Cellestis, Ltd. * 15,855 19,644
Centamin Egypt, Ltd. * 205,300 109,204
Ceramic Fuel Cells, Ltd. * 66,430 7,910
Challenger Financial Services Group, Ltd. (a) 129,149 115,471
Charter Hall Group, Ltd. 120,779 23,869
Citadel Resource Group, Ltd. * 206,164 17,034
Citigold Corp., Ltd. * 151,498 21,762
Clinuvel Pharmaceuticals, Ltd. * 69,980 9,682
Clough, Ltd. 152,024 39,619
Coal of Africa, Ltd. * (a) 127,044 105,107

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
Cockatoo Coal, Ltd. * 88,688 $ 19,648
Coeur d'Alene Mines Corp. * 36,607 24,294
Coffey International, Ltd. 16,002 17,384
Comdek, Ltd. * 90,698 4,208
Compass Resources NL * 15,577 2,786
Consolidated Rutile, Ltd. 52,500 10,744
CopperCo, Ltd. * 173,658 5,694
Corporate Express Australia, Ltd. 35,344 100,016
Count Financial, Ltd. 44,540 29,415
Coventry Group, Ltd. * 4,500 4,070
Crane Group, Ltd. 22,520 118,488
Crescent Gold, Ltd. * 120,652 5,172
CuDeco, Ltd. * 25,525 22,357
Customers, Ltd. * 27,208 17,843
David Jones, Ltd. 158,785 262,773
Deep Yellow, Ltd. * 341,154 23,694
Devine, Ltd. 52,621 21,135
Dominion Mining, Ltd. 15,905 29,161
Eastern Star Gas, Ltd. * 169,832 35,546
Emeco Holdings, Ltd. 143,215 48,938
Emitch, Ltd. 50,921 15,837
Energy Developments, Ltd. (a) 43,748 66,629
Energy World Corp., Ltd. * 186,552 42,627
Entertainment Media & Telecoms Corp Ltd * 26,746 4,682
Envestra, Ltd. 185,727 61,725
Extract Resources, Ltd. * 47,541 27,913
Felix Resources, Ltd. 18,106 66,100
Ferraus, Ltd. * 30,170 3,569
FKP Property Group, Ltd. 68,348 31,628
Fleetwood Corp., Ltd. 14,341 39,209
FlexiGroup Ltd * 67,000 11,907
Flight Centre, Ltd. 15,759 90,658
Flinders Mines, Ltd. * 272,280 7,253
Forest Enterprises Australia, Ltd. 101,860 24,067
Fox Resources, Ltd. * 49,000 3,225
Funtastic, Ltd. * 33,265 3,390
Futuris Corp., Ltd. 235,162 129,400
Geodynamics, Ltd. * 56,620 30,091
Gindalbie Metals, Ltd. * 112,045 30,513
Giralia Resources NL * 63,474 14,531
Golden West Resources, Ltd. * 15,800 3,040
Goodman Fielder, Ltd. 434,158 385,224
GrainCorp., Ltd. * 18,063 64,945
Grange Resources Corp., Ltd. * 20,914 6,262
GRD, Ltd. 54,499 14,191
Great Southern Plantations, Ltd. 47,114 5,939
GUD Holdings, Ltd. 13,336 33,831
Gunns, Ltd. 141,755 89,715
GWA International, Ltd. (a) 67,274 105,429
Hastie Group, Ltd. 37,099 30,578
Healthscope, Ltd. 71,070 196,782
Heron Resources, Ltd. * 9,000 891
HFA Holdings, Ltd. 76,943 7,159
Hills Industries, Ltd. 50,739 105,947
Horizon Oil, Ltd. * 172,869 15,956
Housewares International, Ltd. 41,416 16,025

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
IBA Health, Ltd. * (a) 515,137 $ 187,247
IBT Education, Ltd. 94,072 136,085
iiNET, Ltd. 45,707 35,425
Iluka Resources, Ltd. * 124,198 361,893
Imdex, Ltd. 41,654 9,190
Independence Group NL 25,263 24,742
Indophil Resources NL * 72,190 22,669
Industrea, Ltd. 171,666 19,348
Infomedia, Ltd. 87,333 18,136
Innamincka Petroleum, Ltd. * 35,386 4,201
Intrepid Mines, Ltd. * 121,756 9,282
Invocare, Ltd. 24,152 77,580
IOOF Holdings, Ltd. 26,905 61,046
Iress Market Technology, Ltd. 22,352 61,271
Jabiru Metals, Ltd. * 30,000 2,468
JB Hi-Fi, Ltd. 29,369 161,020
Kagara Zinc, Ltd. * 47,616 13,781
Karoon Gas Australia, Ltd. * 27,971 42,671
Kimberley Metals, Ltd. * (a) 16,629 1,505
Kings Minerals NL * 37,728 1,612
Kingsgate Consolidated, Ltd. * (a) 19,704 34,510
Linc Energy, Ltd. * (a) 94,657 161,089
Lynas Corp, Ltd. * 195,371 44,652
MAC Services Group, Ltd. 14,408 12,345
MacArthur Coal, Ltd. 24,217 59,130
Macmahon Holdings, Ltd. 156,391 54,390
Macquarie Communications    
Infrastructure Group, Ltd. 159,794 85,656
Macquarie Media Group, Ltd. 54,334 28,626
Mantra Resources, Ltd. * 2,000 922
Marion Energy, Ltd. * 54,928 9,953
Maxitrans Industries, Ltd. 86,185 18,154
McGuigan Simeon Wines, Ltd. * 35,945 10,631
McPherson's, Ltd. 18,009 7,938
Melbourne IT, Ltd. 26,044 31,750
MEO Australia, Ltd. * 115,196 9,156
Mermaid Marine Australia, Ltd. 51,080 34,263
Metals X, Ltd. * 128,000 7,797
Minara Resources, Ltd. 52,139 11,537
Mincor Resources NL 54,880 18,808
Mineral Deposits, Ltd. * 137,144 42,281
Mineral Resources, Ltd. 31,193 40,389
Mirabela Nickel, Ltd. * 18,896 15,693
Molopo Australia, Ltd. * 35,633 15,911
Moly Mines Ltd * 23,306 4,316
Monadelphous Group, Ltd. 26,589 113,627
Mortgage Choice, Ltd. 19,081 8,997
Mosaic Oil NL * 258,008 12,744
Mount Gibson Iron, Ltd. * 151,507 30,208
Murchison Metals, Ltd. * 104,130 41,681
MYOB, Ltd. 74,610 47,102
New Hope Corp., Ltd. 159,455 343,882
Nexus Energy, Ltd. * 164,231 48,554
Nido Petroleum, Ltd. * 256,103 19,481
Nomad Building Solutions, Ltd. 39,048 14,525
Oakton, Ltd. 15,760 15,596

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
Otto Energy, Ltd. * 140,395 $ 17,580
Pacific Brands, Ltd. 174,508 85,356
Pan Australian Resources, Ltd. * 538,159 57,053
Pan Pacific Petroleum NL * 177,591 24,515
PaperlinX, Ltd. 149,977 103,671
Peet & Company, Ltd. (a) 47,342 46,494
Peptech, Ltd. * 60,402 31,795
Perilya, Ltd. 22,845 2,124
Perseus Mining, Ltd. * 50,479 9,889
Petsec Energy, Ltd. * 36,147 6,077
Pharmaxis, Ltd. * 50,510 39,998
Photon Group, Ltd. 14,016 6,872
Platinum Australia Ltd * 49,395 20,481
PMP, Ltd. 84,363 35,636
Port Bouvard, Ltd. * 14,000 3,147
Poseidon Nickel, Ltd. * 47,198 6,049
Premier Investments, Ltd. 7,850 18,059
Prime Television, Ltd. 6,418 6,540
Primelife Corp., Ltd. 110,940 12,412
Programmed Maintenance Services, Ltd. 31,378 56,738
pSivida Corp. * 2,379 2,340
Pure Energy Resources, Ltd. * 29,000 34,048
Ramsay Health Care, Ltd. 37,683 223,654
RCR Tomlinson, Ltd. 22,598 8,927
Realestate.com.au, Ltd. * 2,110 5,427
Reckon, Ltd. 37,302 22,905
Redflex Holdings, Ltd. 29,562 59,302
Resolute Mining, Ltd. * 43,345 13,644
Reverse Corp., Ltd. 22,464 14,500
Ridley Corp., Ltd. 54,131 28,477
Riversdale Mining, Ltd. * 49,088 83,210
Roc Oil Company, Ltd. * 116,744 57,499
SAI Global, Ltd. 32,277 43,996
Salinas Energy, Ltd. * 105,014 7,976
Sally Malay Mining, Ltd. 55,567 36,347
Salmat, Ltd. 25,789 50,052
Sedgman, Ltd. 9,796 6,000
Seek, Ltd. 54,088 104,531
Select Harvests, Ltd. 6,776 14,468
ServCorp, Ltd. 13,939 27,954
Service Stream, Ltd. 53,430 27,693
Seven Network, Ltd. * (a) 45,662 164,131
Sigma Pharmaceuticals, Ltd. 285,561 241,279
Silex Systems, Ltd. * 39,304 86,632
Sino Gold, Ltd. * 68,223 161,487
Sino Strategic International, Ltd. * 11,948 3,957
Sirtex Medical, Ltd. * 11,366 14,186
Skilled Group, Ltd. 14,358 14,873
SMS Management & Technology, Ltd. 12,633 15,371
SP AusNet 7,985 5,420
SP Telemedia, Ltd. * 63,587 5,857
Specialty Fashion Group, Ltd. 51,331 10,790
Sphere Investments Ltd * 18,205 3,945
Spotless Group, Ltd. 47,401 76,279
St. Barbara, Ltd. * 137,516 22,069
Straits Resources, Ltd. 61,211 31,236

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Australia (continued)    
Strike Resources, Ltd. * 22,520 $ 4,406
STW Communications Group, Ltd. 36,346 14,477
Sundance Resources, Ltd. * 344,338 20,332
Sunland Group, Ltd. 74,292 49,309
Super Cheap Auto Group, Ltd. 17,728 25,648
Swick Mining Services, Ltd. * 28,000 6,830
Talent2 International, Ltd. 6,000 2,414
Tamaya Resources, Ltd. * (a) 219,476 2,015
Tap Oil, Ltd. * 40,556 16,541
Tassal Group, Ltd. 32,207 38,193
Technology One, Ltd. 46,859 23,115
Ten Network Holdings, Ltd. 210,484 150,888
Terramin Australia, Ltd. * 14,500 5,243
TFS Corp., Ltd. 53,876 25,796
Thakral Holdings Group 137,513 44,253
The Reject Shop, Ltd. 8,900 56,654
Timbercorp, Ltd. 92,611 10,739
Tower Australia Group, Ltd. 79,915 111,767
Tox Free Solutions, Ltd. * 16,000 12,622
Transfield Services Infrastructure Fund 61,169 40,308
Transfield Services, Ltd. 43,997 100,986
Transpacific Industries Group, Ltd. 2,950 5,282
Troy Resources NL 18,408 9,948
United Minerals Corp. * 26,754 9,610
UXC, Ltd. 55,945 19,919
Village Roadshow, Ltd. 27,228 19,786
Virgin Blue Holdings, Ltd. 29,257 6,202
Vision Group Holdings, Ltd. 11,758 4,359
Washington H Soul Pattinson & Company, Ltd. 43,892 246,725
Watpac, Ltd. (a) 40,797 33,642
Wattyl, Ltd. 18,165 6,386
WDS, Ltd. 22,634 15,628
Webster, Ltd. 30,574 15,432
Western Areas NL * (a) 36,382 84,087
White Energy Company, Ltd. * (a) 20,704 20,366
Whitehaven Coal, Ltd. 26,881 18,286
WHK Group, Ltd. (a) 56,586 29,836
Wide Bay Australia, Ltd. 5,027 22,169
Windimurra Vanadium, Ltd. * 26,928 6,463
Wotif.com Holdings, Ltd. 34,986 78,561
    13,451,782
Austria - 1.09%    
Agrana Beteiligungs AG 1,721 88,221
Andritz AG 14,063 326,368
A-TEC Industries AG * 4,140 44,682
Austrian Airlines AG * 13,651 47,335
BetandWin.com Interactive Entertainment AG * 10,250 147,342
BWT AG 1,398 24,416
Constantia Packaging AG 1,971 52,734
Flughafen Wien AG 3,854 151,620
Frauenthal Holdings AG 2,607 19,780
Intercell AG * 12,816 338,817
Lenzing AG 262 62,560
Mayr-Melnhof Karton AG 5,235 319,392
Oesterreichische Post AG * 13,510 402,461
Palfinger AG 4,482 65,090

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Austria (continued)    
RHI AG * 8,790 $ 147,289
Rosenbauer International AG 1,472 40,097
S&T System Integration & Technology    
Distribution AG * 541 8,258
Schoeller-Bleckmann Oilfield Equipment AG 3,462 113,811
Uniqa Versicherungen AG 14,844 318,381
Warimpex Finanz- und Beteiligungs AG 3,221 4,708
Wolford AG 1,578 24,590
    2,747,952
Belgium - 1.21%    
Ackermans & Van Haaren NV 9,778 555,058
Agfa Gevaert NV * 45,979 137,207
Banque Nationale de Belgique 75 190,104
Barco NV 3,889 93,482
Bekaert SA 4,106 264,585
Compagnie d'Entreprises (CFE) 2,678 113,265
Compagnie Immobiliere de Belgique SA 645 11,400
Compagnie Maritime Belge SA 2,799 51,576
Deceuninck NV 4,147 20,519
Devgen * 2,298 14,668
Duvel Moortgat SA 873 37,519
Econocom Group SA 5,040 35,280
Elia System Operator SA/NV 5,491 175,976
Euronav NV 7,637 91,217
EVS Broadcast Equipment SA 1,283 42,254
Exmar NV 4,863 52,823
Image Recognition Integrated Systems 78 3,478
International Brachytherapy SA * 6,399 19,106
Ion Beam Applications SA 4,206 39,924
Kinepolis Group NV 391 9,831
Lotus Bakeries SA 34 9,301
Melexis NV 4,995 35,031
Omega Pharma SA 5,762 210,693
Option NV * (a) 7,907 21,041
Recticel SA 3,266 17,377
Roularta Media Group NV 668 8,308
SA D'Ieteren Trading NV 792 99,037
Sapec SA 305 22,932
Sioen Industries NV 1,985 10,041
Sipef SA 170 48,965
Telenet Group Holding NV * 17,068 252,683
Tessenderlo Chemie NV 10,795 317,121
Van De Velde NV 1,407 42,990
    3,054,792
Canada - 7.16%    
20-20 Technologies, Inc. * 6,400 12,643
Aastra Technologies, Ltd. * 4,100 33,489
Absolute Software Corp. * 12,800 31,892
Aecon Group, Inc. 13,800 105,152
AGF Management, Ltd. 31,220 207,429
Akita Drilling, Ltd. 2,900 16,298
Alamos Gold, Inc. * 27,052 133,057
Alberta Clipper Energy, Inc. * 19,300 10,738
Alexco Resource Corp. * 5,500 3,947
Allen-Vanguard Corp. * 12,747 1,028

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
Altius Minerals Corp. * 6,200 $ 20,547
Amerigo Resources, Ltd. 22,400 6,412
Anderson Energy, Ltd. * 20,300 22,261
Angiotech Pharmaceuticals, Inc. * 28,094 3,624
Antrim Energy, Inc. * 29,900 12,055
Anvil Mining, Ltd. * 20,649 19,480
Aquiline Resources, Inc. * 15,500 17,872
Argosy Energy Inc * 1,724 2,376
Astral Media, Inc. 17,089 346,823
Atrium Innovations, Inc. * 4,200 43,856
ATS Automation Tooling Systems, Inc. * 29,800 120,142
Augusta Resource Corp. * 17,500 17,356
Aurizon Mines, Ltd. * 38,200 87,476
Aurora Energy Resources, Inc. * 10,400 10,147
Axia NetMedia Corp. * 9,200 12,017
Baffinland Iron Mines Corp. * 24,800 3,699
Baja Mining Corp. * 16,100 3,765
Ballard Power Systems, Inc. * 21,400 46,244
Bankers Petroleum, Ltd. * 43,086 34,394
Bellus Health, Inc. * 3,500 1,834
Bioms Medical Corp. * 21,000 47,920
Bioteq Environment Technologies, Inc. * 11,100 6,713
Biovail Corp. 54,800 479,423
Birch Mountain Resources, Ltd. * 11,200 45
Birchcliff Energy, Ltd. * 28,124 129,259
BNK Petroleum, Inc. * 12,925 1,370
Boralex, Inc., Class A * 9,100 58,700
Bow Valley Energy, Ltd. * 21,100 8,166
Breaker Energy, Ltd., Class A * 8,800 39,807
Breakwater Resources, Ltd. * 63,300 4,083
Calfrac Well Services Ltd * 7,700 74,566
Calvalley Petroleums, Inc., Class A * 15,977 19,066
Canaccord Capital, Inc. 9,300 30,970
Canada Bread Company, Ltd. 3,340 129,269
Canadian Hydro Developers, Inc. * 39,880 86,821
Canadian Royalties, Inc. * 24,900 5,622
Canadian Superior Energy, Inc. * 38,300 53,117
Canadian Western Bank * 18,334 232,834
Canam Group, Inc., Class A 15,300 69,086
Candax Energy, Inc. * 82,101 9,930
Canfor Corp. * 31,254 183,714
Cangene Corp. * 6,400 24,512
CanWest Global Communications Corp. * 15,050 8,980
Capstone Mining Corp. * 17,200 14,007
Cardiome Pharma Corp. * 18,800 82,464
Carpathian Gold, Inc. * 20,000 2,258
Cascades, Inc. 24,850 72,935
Catalyst Paper Corp. * 121,263 36,178
CCL Industries, Inc., Class B 8,200 161,329
CE Franklin, Ltd. * 2,786 7,525
Celestica, Inc. * 75,600 420,610
Celtic Exploration, Ltd. * 10,700 98,096
Central Sun Mining, Inc. * 11,052 1,381
Certicom Corp. * 4,100 2,975
Chariot Resources, Ltd. * 40,500 4,409
Clarke, Inc. 10,800 25,689

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
Claude Resources, Inc. * 35,700 $ 9,355
Coalcorp Mining, Inc. * 33,771 13,615
Cogeco Cable, Inc. 5,900 148,190
COM DEV International, Ltd. * 14,900 31,838
Comaplex Minerals Corp. * 5,776 9,315
Compton Petroleum Corp. * 33,118 37,118
Connacher Oil & Gas, Ltd. * 71,923 73,071
Constellation Software, Inc. 2,100 42,349
Corby Distilleries, Ltd. 7,022 96,254
Corridor Resources, Inc. * 24,300 47,025
Corus Entertainment, Inc., Class B 27,513 305,034
Cott Corp. * 20,400 17,600
Crew Energy, Inc. * 18,023 77,021
Crew Gold Corp * 14,900 1,322
Crystallex International Corp. * 43,800 6,710
Dalsa Corp. 6,700 35,061
Delphi Energy Corp. * 30,700 30,695
Denison Mines Corp. * 59,616 48,550
Descartes Systems Group, Inc. * 10,100 26,875
Divestco, Inc. * 2,800 813
Dorel Industries, Inc., Class B 10,400 225,493
Dundee Precious Metals, Inc. * 17,200 24,270
DundeeWealth Inc * 21,542 84,243
Eastern Platinum, Ltd. * 203,624 41,868
Eldorado Gold Corp. * 51,263 309,595
Emera, Inc. 9,600 164,103
Empire Company, Ltd. 6,100 231,172
Endeavour Silver Corp. * 6,200 8,249
Enghouse Systems, Ltd. 1,100 3,539
Entree Gold, Inc. * 31,600 21,148
Equinox Minerals, Ltd. * 125,209 145,381
Equitable Group, Inc. 4,400 39,913
Etruscan Resources, Inc. * 15,700 4,241
European Goldfields, Ltd. * 47,300 85,050
Evertz Technologies, Ltd. 9,300 78,737
Exco Technologies, Ltd. 7,900 8,599
Exfo Electro Optical Engineering, Inc. * 8,300 20,077
Farallon Resources, Ltd. * 70,400 7,947
First Nickel, Inc. * 30,500 1,476
Flint Energy Services, Ltd. * 13,600 65,906
FNX Mining Company, Inc. * 25,900 67,454
Forsys Metals Corp. * 15,300 68,469
Forzani Group, Ltd., Class A 9,900 70,247
Fraser Papers Inc. * 4,800 2,709
Fronteer Development Group, Inc. * 14,100 25,581
Frontera Copper Corp. * 6,600 3,140
Galleon Energy, Inc., Class A * 20,050 67,900
Garda World Security Corp. * 7,700 9,251
Gennum Corp. 9,858 32,590
Gluskin Sheff & Associates, Inc. 2,500 12,115
Golden Star Resources, Ltd. * 99,000 69,448
Grande Cache Coal Corp. * 41,200 29,898
Great Basin Gold, Ltd. * 65,400 61,171
Great Canadian Gaming Corp * 19,450 58,027
Grey Wolf Exploration, Inc. * 8,500 4,455
Greystar Resources, Ltd. * 4,600 3,820

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
GSI Group, Inc. * 61,283 $ 65,573
Guyana Goldfields, Inc. * 10,700 8,628
Hanfeng Evergreen, Inc. * 13,500 50,617
Harry Winston Diamond Corp. 18,800 89,134
Heroux-Devtek, Inc. * 6,800 20,013
High River Gold Mines, Ltd. * 94,050 9,479
Highpine Oil & Gas, Ltd. * 21,142 99,726
Home Capital Group, Inc. 8,700 126,340
HudBay Minerals, Inc. * 47,312 149,924
Hydrogenics Corp. * 24,000 10,643
IAMGOLD Corp. 99,100 470,649
Imax Corp. * 1,500 4,294
Imperial Metals Corp. * 6,500 14,990
Intermap Technologies Corp., Class A * 7,800 10,503
International Forest Products, Ltd., Class A * 10,250 11,571
International Royalty Corp. 24,000 28,447
Intertape Polymer Group, Inc. * 9,300 15,148
Iteration Energy, Ltd. * 57,560 102,570
Ivanhoe Energy, Inc. * 51,200 30,963
Jean Coutu Group, Inc. 49,511 275,460
Jinshan Gold Mines, Inc. * 34,900 13,508
Kaboose, Inc. * 44,000 10,289
Kimber Resources, Inc. * 1,750 1,058
Kingsway Financial Services, Inc. 19,200 88,708
Kinross Gold Corp. 0 6
Kirkland Lake Gold, Inc. * 14,900 56,467
Labopharm, Inc. * 12,200 5,509
Lake Shore Gold, Corp. * 50,500 30,132
Laramide Resources, Ltd. * 11,900 9,307
Laurentian Bank of Canada 9,000 275,762
Le Chateau, Inc. 4,700 28,423
Leon's Furniture, Ltd. 16,274 110,225
Linamar Corp. 39,306 139,134
MacDonald Dettwiler & Associates, Ltd. * 10,200 153,469
Mahalo Energy, Ltd. * 12,900 1,664
Major Drilling Group International 6,900 80,116
Maple Leaf Foods, Inc. 22,100 163,050
March Networks Corp. * 7,500 11,490
Martinrea International, Inc. * 21,300 49,291
Maxim Power Corp. * 10,800 23,338
MDS, Inc. * 23,168 168,128
Mega Brands, Inc. * 14,500 8,184
Mega Uranium, Ltd. * 26,600 15,443
Methanex Corp. 32,300 351,597
Migao Corp. * 9,400 25,012
Miranda Technologies, Inc. * 4,000 24,093
Mosaid Technologies, Inc. 4,400 33,172
Neo Material Technologies, Inc. * 15,700 19,369
Norbord, Inc. 26,000 12,740
North American Palladium, Ltd. * 12,650 14,382
Northbridge Financial Corp. 8,900 231,363
Northgate Minerals Corp. * 99,695 70,740
Nova Chemicals Corp. 29,069 240,015
NuVista Energy, Ltd. * 23,597 154,117
Oncolytics Biotech, Inc. * 10,923 12,683
Open Text Corp. * 15,789 454,242

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
Orvana Minerals, Corp. * 48,020 $ 19,166
Paladin Labs, Inc. * 3,300 29,802
Pan American Silver Corp. * 12,600 188,970
Paramount Resources, Ltd. * 12,700 86,018
Pason Systems, Inc. 18,300 174,117
Patheon, Inc. * 21,400 21,914
Pengrowth Energy Trust * 35 315
Petaquilla Minerals Company, Ltd. * 30,600 13,570
Petrolifera Petroleum, Ltd. * 7,550 9,132
Platinum Group Metals, Ltd. * 11,200 14,088
Points International, Ltd. * 16,500 5,987
Polymet Mining Corp. * 35,100 22,925
ProEx Energy, Ltd. * 14,100 131,996
ProspEx Resources, Ltd. * 8,365 5,801
Pulse Data, Inc. 15,318 20,997
QLT, Inc. * 24,600 51,572
Quadra Mining Ltd * 19,900 65,788
Quebecor World, Inc. * 21,545 869
Quebecor, Inc. 14,800 201,080
Quest Capital Corp. 50,300 35,285
Reitman's Canada, Ltd., Class A 15,317 130,297
Resin Systems, Inc. * 36,820 3,563
Resverlogix Corp. * 5,300 8,974
Richelieu Hardware, Ltd. 5,700 72,342
Ritchie Bros. Auctioneers, Inc. 14,700 330,578
Rock Energy, Inc. * 8,373 11,140
RONA, Inc. * 37,896 351,398
Rubicon Minerals Corp. * 21,100 17,694
Russel Metals, Inc. 19,915 285,831
Samuel Manu-Tech, Inc. 3,200 18,836
Savanna Energy Services Corp. 22,400 133,656
Sceptre Investment Counsel, Ltd. 7,600 32,172
Scorpio Mining Corp. * 22,600 6,925
Semafo, Inc. * 42,000 38,945
ShawCor, Ltd., Class A 15,000 220,126
Shore Gold, Inc. * 64,900 21,979
Sierra Wireless, Inc. * 9,350 78,558
Silver Standard Resources, Inc. * 16,400 174,949
Silvercorp Metals, Inc. 38,694 62,400
Softchoice Corp. 2,000 4,902
Stantec, Inc. * 12,500 232,825
Starfield Resources, Inc. * 52,500 3,810
Stella-Jones, Inc. 2,100 28,379
Storm Cat Energy Corp. * 2,400 77
Storm Exploration, Inc. * 9,200 98,662
Stornoway Diamond Corp. * 44,100 3,378
SunOpta, Inc. * 17,900 33,485
Suramina Resources, Inc. * 4,000 597
SXC Health Solutions Corp. * 4,200 66,376
Tanzanian Royalty Exploration Corp. * 17,900 56,145
Taseko Mines, Ltd. * 39,900 28,955
Teal Exploration & Mining, Inc. * 4,000 968
Tembec, Inc. * 7,330 6,501
The Churchill Corp. * 2,800 15,239
Theratechnologies, Inc. * 12,198 15,835
Thompson Creek Metals Company, Inc. * 32,300 108,083

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Canada (continued)    
Timminco, Ltd. * (a) 12,400 $ 50,192
TLC Vision Corp. * 13,700 3,148
Toromont Industries, Ltd. 19,900 377,237
Torstar Corp., Class B 19,400 118,102
Transat A.T., Inc., Class A 2,100 15,070
Transcontinental, Inc., Class A 24,200 195,130
Transglobe Energy Corp. * 16,600 33,998
Transition Therapeutics, Inc. * 4,900 12,288
Treasury Metals, Inc. * 3,131 505
Trican Well Service, Ltd. * 18,100 120,404
Trinidad Drilling, Ltd. * 19,200 79,729
Tristar Oil & Gas, Ltd. * 33,907 334,914
Tundra Semiconductor Corp. * 2,300 5,860
Turnkey E&P, Inc. * 1,100 31
Uex Corp. * 35,200 17,597
Uni-Select, Inc. 4,200 65,191
Uranium One, Inc. * 138,200 143,749
Uranium Participation Corp. * 19,758 117,732
Ur-Energy, Inc. * 10,200 5,202
UTS Energy Corp. * 93,500 63,329
Vecima Networks, Inc. * 5,621 26,741
Vector Aerospace Corp. * 2,100 6,265
Verenex Energy, Inc. * 8,500 43,521
Vero Energy, Inc. * 6,700 32,900
Vitran Corp., Inc. * 300 1,451
Wesdome Gold Mines, Ltd. * 17,100 10,755
West Energy, Ltd. * 23,625 40,956
West Fraser Timber Company, Ltd. 12,100 287,426
Western Canadian Coal Corp * 25,500 16,243
Western Financial Group, Inc. 10,800 17,852
Westport Innovations Inc * 3,500 14,252
Wi-LAN, Inc. * 27,400 34,686
Winpak, Ltd. 9,900 52,685
Xceed Mortgage Corp. * 1,800 871
Xtreme Coil Drilling Corp. * 6,548 16,526
Yukon-Nevada Gold Corp. * 47,100 1,329
Zarlink Semiconductor, Inc. * 33,700 8,288
ZCL Composites, Inc. 5,200 17,987
    18,111,987
Denmark - 0.71%    
ALK-Abello A/S * 1,570 160,329
Alm. Brand Skadesforsikring A/S * 3,700 43,446
Amagerbanken A/S 3,400 13,352
Ambu A/S 800 9,579
Auriga Industries 5,800 88,950
Bang & Olufsen AS, Series B 2,100 42,665
Bavarian Nordic A/S * 1,260 27,997
BoConcept Holding A/S 75 1,512
Bonusbanken A/S 7,500 940
Brodrene Hartmann A/S * 900 11,516
Brondbyernes IF Fodbold A/S * 1,244 9,223
Capinordic A/S * 9,300 4,783
Dalhoff Larsen & Horneman A/S, Series B 2,500 14,580
Dantherm A/S 800 7,008
Det Ostasiatiske Kompagni AS 4,950 160,027
DFDS A/S 745 48,248

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Denmark (continued)    
DiBa Bank A/S 550 $ 7,343
Fionia Bank A/S 1,250 3,960
Fluegger A/S, Series B 300 15,517
Greentech Energy Systems A/S * (a) 13,500 44,827
Gronlandsbanken 20 973
H&H International A/S 280 19,117
Harboes Bryggeri A/S 1,900 33,812
IC Companys A/S 3,450 32,862
Jeudan A/S 650 52,113
Maconomy Corp. * 1,500 2,128
NeuroSearch A/S * 4,338 106,626
Nordjyske Bank A/S 1,190 16,251
Ostjydsk Bank A/S 190 13,258
Parken Sport & Entertainment A/S * 610 53,892
PER Aarsleff A/S 600 39,384
Pharmexa A/S * 10,600 2,350
Ringkjoebing Bank A/S 620 16,853
Ringkjoebing Landbobank A/S 1,455 82,565
Roskilde Bank A/S 495 84
Royal Unibrew A/S 1,200 36,999
Sanistal A/S, Series B 250 5,639
Satair A/S 1,000 22,282
Schouw & Company A/S, Series B 4,900 71,719
SimCorp A/S 1,630 140,501
Sjaelso Gruppen A/S 5,500 23,618
Solar Holdings A/S 900 31,634
Spar Nord Bank A/S 16,850 153,466
Sparbank Vest A/S 275 4,474
Thrane & Thrane A/S 800 28,916
TK Development A/S * 12,600 56,416
TopoTarget A/S * 15,000 10,297
Vestjysk Bank A/S 2,050 22,553
    1,796,584
Finland - 2.53%    
Ahlstrom OYJ 995 10,209
Aldata Solution Oyj * 13,900 9,551
Alma Media Oyj 19,550 131,849
Amer Sports Oyj, A Shares (a) 41,993 295,018
Aspo Oyj 4,950 26,142
Atria PLC 4,565 68,297
BasWare Oyj 299 2,524
Cargotec Corp. Oyj, B Shares 13,212 143,404
Comptel PLC 33,552 41,872
Cramo Oyj, Series B 5,674 35,976
Digia PLC 2,622 6,827
Elcoteq SE, A Shares * 5,952 10,251
Elektrobit Corp. 9,773 4,868
Elisa Oyj, Class A 47,520 685,160
Etteplan Oyj 276 947
Finnair Oyj 21,089 123,939
Finnlines Oyj 6,400 55,114
Fiskars Corp. 11,491 113,974
F-Secure Oyj 27,788 72,947
HK Ruokatalo Oyj, Series A 6,090 38,297
Huhtamaki Oyj 45,417 308,746
Ilkka-Yhtyma Oyj 1,073 11,533

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Finland (continued)    
KCI Konecranes Oyj 51,234 $ 761,198
Kemira Oyj (a) 22,162 181,524
Lannen Tehtaat Oyj 1,246 22,387
Lassila & Tikanoja Oyj 9,284 153,700
Lemminkainen Oyj 2,350 41,623
M-real Oyj, Series B 51,438 65,087
OKO Bank PLC, Series A 48,782 626,106
Olvi Oyj, Series A 2,000 34,486
Oriola-KD Oyj 22,667 40,413
Orion Oyj, Series A 9,493 138,126
Orion Oyj, Series B 32,114 470,601
Outotec Oyj 10,773 151,883
PKC Group Oyj 5,756 26,815
Ponsse Oyj 2,415 15,333
Poyry Oyj 11,221 117,730
Raisio Oyj 33,851 66,718
Ramirent Oyj 21,264 72,264
Rapala VMC Oyj 617 2,677
Ruukki Group Oyj 65,126 99,753
Sanoma WSOY Oyj 22,331 310,991
Scanfil Oyj 3,082 8,245
Stockmann Oyj Abp, Series A 1,949 31,541
Stockmann Oyj Abp, Series B (a) 9,139 125,149
Talentum Oyj 2,462 6,253
Tecnomen Oyj 21,184 20,543
Teleste Oyj 1,377 3,974
TietoEnator Oyj 7,229 75,519
Uponor Oyj 16,275 150,827
Vacon Oyj 2,844 73,287
Vaisala Oyj, Series A 2,677 70,810
YIT Oyj (a) 38,286 226,928
    6,389,936
France - 4.96%    
Ales Groupe SA 1,081 17,096
Alten SA * 4,916 110,331
Altran Technologies SA * 34,473 129,237
April Group SA 4,250 142,800
Archos SA * 1,721 7,130
Arkema 22,415 434,082
Assystem SA 4,109 31,286
Atos Origin SA 24,754 548,553
Audika SA 1,625 33,151
Avanquest Software SA * 1,218 2,957
Bacou Dalloz SA 1,627 110,070
Beneteau SA (a) 11,605 106,421
BioMerieux SA 158 11,600
Boiron SA 1,874 43,318
Bonduelle SCA 961 74,931
Bongrain SA 2,450 137,971
Bourbon SA (a) 12,559 347,733
Bull SA * 11,140 23,439
Canal Plus SA 16,823 91,631
Carbone Lorraine SA 3,232 105,238
Cegedim SA 323 15,516
Cegid SA 1,808 18,424
Club Mediterranee SA * 3,915 69,623

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
France (continued)    
Compagnie Plastic Omnium SA 3,169 $ 32,314
Delachaux SA 2,118 135,951
Electricite de Strasbourg SA 1,094 125,715
Esso SAF 925 99,529
Etablissements Maurel et Prom SA 29,973 344,619
Etam Developpement SA 1,728 16,769
Euler Hermes SA 2,690 121,798
Euro Disney SCA * 5,771 33,271
Exel Industries SA 185 7,697
Faurecia SA * 2,085 31,447
Financiere Marc de Lacharriere SA (Fimalac) 3,983 149,280
Fleury Michon SA 344 10,656
Gaumont SA 589 34,964
Gemalto NV * 23,917 565,611
GFI Informatique SA 9,954 28,617
GIFI 620 27,583
GL Events SA 2,064 31,658
Groupe Crit SA 1,884 21,491
Groupe Open SA 2,447 15,510
Groupe Steria SCA 7,290 76,822
Guerbet SA 558 71,175
Guyenne & Gascogne SA 1,677 110,290
Havas SA 101,280 187,419
Infogrames Entertainment SA * 2,320 18,354
Ingenico SA 11,885 153,887
International Metal Service SA 4,726 67,593
Ipsos SA 7,062 170,588
Kaufman & Broad SA 1,176 13,103
Korian 2,594 57,633
Lafuma SA 424 8,528
Laurent-Perrier SA 1,018 71,020
Lectra SA * 6,134 23,447
Lisi SA 1,002 37,223
LVL Medical Groupe SA * 3,125 38,435
M6-Metropole Television 19,397 326,454
Maisons France Confort SA 709 10,852
Manitou BF SA 4,367 47,598
Manutan SA 1,304 60,930
Montupet SA 553 2,325
Mr. Bricolage SA 1,756 22,374
Naturex 306 10,310
Neopost SA 9,602 688,325
Nexans SA 9,667 572,356
Nexity SA 7,635 77,900
Norbert Dentressangle SA 1,107 55,007
NRJ Group (a) 8,402 59,159
Orco Property Group SA (a) 1,119 10,238
Orpea SA * 5,255 162,165
Parrot SA * 1,593 8,194
Penauille Polyservices SA 35,222 101,105
Pierre & Vacances SA 1,327 56,470
Pinguely-Haulotte SA 2,723 18,097
Radiall SA 349 21,906
Rallye SA 5,515 99,305
Remy Cointreau SA 7,741 274,790
Rexel SA 29,224 236,442

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
France (continued)    
Rhodia SA 29,344 $ 212,338
Robertet SA 258 24,648
Rubis SA 2,384 119,243
Saft Groupe SA * 3,605 93,201
Samse SA 317 20,142
SEB SA 8,823 268,793
Sechilienne-Sidec SA 5,039 168,498
Silicon-On-Insulator Technologies SA * (a) 19,957 91,017
Societe BIC SA 8,630 438,958
Societe des Bains de Mer & du Cercle des    
Etrangers a Monaco 93 60,252
Societe Industrielle D'Aviations Latecoere SA * 552 3,964
Societe Marseillaise du Tunnel Prado    
Carenage 219 5,371
Somfy SA 554 85,083
Sopra Group SA 2,126 76,859
Spir Communication SA 493 11,438
SR Teleperformance SA 16,280 390,885
Stallergenes SA 2,320 106,085
Stef-TFE Group 3,091 133,146
Sucriere de Pithiviers-Le-Vieil SA 73 38,533
Synergie SA 1,224 14,011
Tessi SA 206 6,287
Theolia SA * (a) 7,086 30,934
Toupargel-Agrigel SA 936 14,370
Trigano SA 2,853 15,874
UbiSoft Entertainment SA * 21,364 493,958
Union Financiere de France Banque SA 725 19,076
Valeo SA 28,318 356,828
Viel & Compagnie SA 7,076 18,083
Vilmorin & Compagnie SA 1,096 104,210
Virbac SA 1,389 89,698
VM Materiaux SA 579 22,024
Vranken-Pommery Monopole Group 721 18,654
Zodiac SA (a) 14,831 529,332
    12,556,630
Germany - 5.42%    
Aareal Bank AG 17,993 129,617
Adlink Internet Media AG * 4,151 24,787
ADVA AG Optical Networking * (a) 10,567 13,560
Aixtron AG 24,075 112,255
Amadeus Fire AG 724 6,991
Augusta Technologie AG * 2,266 22,456
Baader Wertpapierhandelsbank AG 12,358 27,476
Balda AG * 3,189 2,958
Bauer AG 3,054 78,689
Beate Uhse AG * 8,223 6,268
Bechtle AG 3,518 53,725
Bertrandt AG 519 10,359
Bilfinger Berger AG 12,680 517,773
Biotest AG 1,095 81,357
Boewe Systec AG 1,342 10,742
Borussia Dortmund GMBH & Company KGAA * 20,750 28,472
Carl Zeiss Meditec AG 11,704 128,774
Cenit AG 2,140 8,564
Centrotec Sustainable AG * 2,162 26,369

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Germany (continued)    
Cewe Color Holding AG 1,320 $ 24,653
Comdirect Bank AG 13,528 83,702
Conergy AG * (a) 1,920 3,391
CropEnergies AG * 4,847 14,164
CTS Eventim AG 2,979 89,019
Curanum AG (a) 4,385 18,385
D Logistics AG * 17,468 23,969
DAB Bank AG 4,358 11,572
Data Modul AG 850 11,026
Demag Cranes AG 6,123 128,513
Deutsche Wohnen AG * 2,936 16,972
Deutz AG 22,110 57,867
Douglas Holding AG (a) 11,354 473,004
Drillisch AG 6,749 10,547
Duerr AG 2,766 36,899
DVB Bank AG 110 3,634
Elexis AG 1,550 16,739
ElringKlinger AG 6,772 61,001
EM. Sport Media AG * 17,451 35,474
Escada AG * 2,739 15,033
Evotec AG * 8,820 9,189
Fielmann AG 3,660 205,950
Freenet AG * 25,735 117,053
Fuchs Petrolub AG 1,810 76,830
Gerresheimer AG 9,824 338,246
Gerry Weber International AG 3,544 77,446
Gesco AG 829 34,504
Get Nice Holdings, Ltd. 488,000 9,300
GFK AG 5,709 123,959
GFT Technologies AG * 9,511 14,984
Gildemeister AG 10,914 82,365
GPC Biotech AG * 5,604 7,120
Grammer AG 1,905 16,022
Grenkeleasing AG 4,802 122,019
Hawesko Holding AG 1,432 32,384
Heidelberger Druckmaschinen AG (a) 24,136 136,458
IDS Scheer AG 3,889 26,237
Indus Holding AG 3,773 52,250
Integralis AG * 30 106
Interseroh AG 1,177 54,716
Intershop Communications AG * 2,654 4,282
IVG Immobilien AG 28,216 132,639
IWKA AG (a) 6,306 80,678
Jenoptik AG * 20,577 95,945
KIZOO AG 2,445 13,451
Kloeckner & Company SE 14,733 180,818
Kontron AG 15,170 131,252
Krones AG 5,868 237,227
KSB AG 139 54,714
KWS Saat AG 1,690 217,935
Lanxess AG 29,533 488,907
Leoni AG 10,178 141,984
Loewe AG 2,108 24,640
Manz Automation AG * 538 35,202
MasterFlex AG 1,234 10,112
Mediclin AG * 8,648 28,567

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Germany (continued)    
Mediclin AG * 8,648 $ 439
Medigene AG * 11,954 53,005
Medion AG 7,729 55,874
MLP AG (a) 18,256 225,912
Mologen AG * 1,346 10,004
Morphosys AG * 1,536 90,120
MTU Aero Engines Holding AG 15,911 322,630
Muehlbauer Holding AG & Co KGaA 712 16,192
MVV Energie AG 7,580 298,349
Nemetschek AG 1,760 16,972
Norddeutsche Affinerie AG 14,330 492,661
Nordex AG * 8,560 114,084
OHB Technology AG 2,846 22,852
P&I Personal & Informatik AG 20 339
PC-Ware AG 702 14,279
Pfeiffer Vacuum Technology AG 2,709 147,308
Pfleiderer AG 15,830 119,264
Plambeck Neue Energien AG * 8,720 14,846
Praktiker Bau- und Heimwerkermaerkte AG 19,355 171,642
Premiere AG * (a) 32,757 190,193
PSI AG Gesellschaft Fuer Produkte und    
Systeme der Informationstechnologie * 867 3,415
PVA TePla AG * 1,400 6,350
Qiagen AG * (a) 50,599 799,075
QSC AG * 22,823 37,696
R. Stahl AG 1,092 23,724
Rational AG 984 93,400
REpower Systems AG * (a) 2,414 325,100
Rheinmetall AG 12,273 285,973
Rhoen-Klinikum AG 23,525 445,339
Roth & Rau AG * 692 14,630
Sartorius AG 997 12,021
Schlott Gruppe AG 1,862 17,743
SGL Carbon AG * 14,429 374,707
SHB Stuttgarter Finanz & Beteiligungs AG 951 20,782
Singulus Technologies AG * 9,728 37,449
Sixt AG 2,811 33,571
Software AG 6,176 317,787
Solar Millennium AG * 2,631 38,441
Solon AG Fuer Solartechnik * (a) 2,111 37,790
Stada Arzneimittel AG 18,286 493,920
Stratec Biomedical Systems AG 1,403 23,155
Suedzucker AG 27,003 340,671
Suess MicroTec AG * 4,728 9,070
Symrise AG 29,014 341,713
Takkt AG 6,384 61,237
Technotrans AG 258 1,196
Versatel AG * 5,197 63,717
Vivacon AG 3,362 11,106
Vossloh AG 7,123 656,108
Wacker Construction Equipment AG 1,409 8,861
Washtec AG * 1,640 13,523
Wincor Nixdorf AG 10,229 376,362
Wire Card AG * 25,176 141,059
Wuerttembergische Lebensversicherung AG 1,339 28,920
    13,714,823

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Greece - 1.47%    
Agricultural Bank of Greece 63,737 $ 125,949
Alapis Holding Industrial & Commercial SA 230,470 326,774
Alfa-Beta Vassilopoulos SA 1,130 37,570
Anek Lines SA 43,170 47,038
Aspis Bank SA 10,270 13,190
Astir Palace Hotel SA * 6,080 28,254
Athens Medical Center SA 8,110 12,986
Athens Stock Exchange SA 21,844 181,278
Athens Water Supply and Sewage Company    
SA 12,066 94,361
Autohellas SA 8,930 15,461
Bank of Attica SA 5,492 13,468
Bank of Greece SA 5,268 275,390
Biossol SA * 37,279 11,952
C. Rokas SA 3,530 71,895
Commercial Bank of Greece SA * 8,531 76,203
Diagnostic & Therapeutic Center of Athens    
Hygeia SA 20,827 49,392
Duty Free Shops SA 2,936 18,727
Euromedica SA 1,362 7,044
Forthnet SA * 14,320 15,522
Fourlis SA 13,622 99,788
Frigoglass SA 7,974 48,226
GEK Group of Companies SA 10,265 37,700
Geniki Bank SA * 13,528 26,946
Greek Postal Savings Bank SA 29,589 206,530
Halcor SA 19,210 20,571
Hellenic Technodomiki Tev SA 47,275 219,288
Heracles General Cement SA 5,225 39,431
Iaso SA 13,290 75,022
Inform P Lykos SA 6,596 15,270
Intracom Holdings SA * 28,550 31,715
Intracom SA Technical & Steel Constructions 42,136 21,059
J&P-Avax SA 12,040 34,781
Lambrakis Press SA 14,105 37,279
Lavipharm SA * 12,350 13,992
Loulis Mills SA * 9,563 29,487
Maritime Company of Lesvos SA * 26,037 15,878
Metka SA 8,876 79,161
Michaniki SA 17,800 30,200
Minoan Lines Shipping SA 16,450 79,001
Motodynamic SA 321 902
Motor Oil Hellas Corinth Refineries SA 14,010 148,943
Mytilineos Holdings SA 29,457 166,974
Nireus Aquaculture SA 11,075 8,897
Piraeus Port Authority 2,275 32,610
Proton Bank SA 16,640 15,113
S&B Industrial Minerals SA 3,540 35,269
Sarantis SA 3,820 21,215
Sfakianakis SA 3,897 7,194
Sidenor Steel Products Manufacturing    
Company SA 17,717 64,483
Singularlogic SA * 10,414 26,429
Teletypos SA Mega Channel 8,637 79,494
Terna SA 6,110 20,434
Thessaloniki Port Authority SA 488 8,130
Titan Cement Company SA 19,512 334,658

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Greece (continued)    
Viohalco SA 32,346 $ 176,249
    3,730,773
Hong Kong - 1.61%    
Alco Holdings, Ltd. 94,000 10,932
Allied Group, Ltd. 34,000 46,219
Allied Properties HK, Ltd. 1,064,000 96,712
Asia Financial Holdings, Ltd. 98,000 24,884
Asia Satellite Telecom Holdings Company, Ltd. 300,720 327,878
Asia Standard Hotel Group, Ltd. 3,655,368 12,313
Asia Standard International Group, Ltd. 2,424,750 15,426
Asian Union New Media Group, Ltd. * 2,550,000 12,235
Associated International Hotels * 52,000 66,129
Burwill Holdings, Ltd. * 1,114,400 17,997
C C Land Holdings, Ltd. 297,000 42,160
C Y Foundation Group, Ltd. * 605,000 6,585
Cafe de Coral Holdings, Ltd. 78,000 130,914
Capital Estate, Ltd. * 3,465,000 11,142
Capital Strategic Investment, Ltd. 880,000 9,685
Century City International Holdings, Ltd. 349,600 11,119
Champion Technology Holdings, Ltd. 323,553 8,578
Chen Hsong Holdings, Ltd. 74,000 12,817
Chevalier International Holdings, Ltd. 32,000 20,547
China Infrastructure Investment, Ltd. * 790,000 18,348
China Metal International Holdings, Inc. 108,000 11,813
China Renji Medical Group, Ltd. * 3,286,000 14,080
China Sci-Tech Holdings, Ltd. * 1,096,000 4,133
China Seven Star Shopping, Ltd. * 850,000 3,520
China Solar Energy Holdings, Ltd. * 540,000 3,297
China Timber Resources Group, Ltd. 2,100,000 9,023
China Yunnan Tin Minerals Group Company,    
Ltd. * 772,000 9,526
China Zenith Chemical Group, Ltd. * 350,000 9,095
China Zirconium, Ltd. 23,600 7,801
Chinese People Gas Holdings Company, Ltd. * 654,000 9,318
Chong Hing Bank, Ltd. 43,000 53,551
Chow Sang Sang Holdings, Ltd. 108,000 43,361
Chuang's China Investments, Ltd. 271,000 4,336
Chuang's Consortium International, Ltd. 156,000 5,044
Clear Media, Ltd. * 37,000 8,563
Coastal Greenland, Ltd. * 240,000 9,303
COL Capital, Ltd. 28,000 2,782
Coslight Technology International Group, Ltd. (a) 52,000 24,176
Cross-Harbour Holdings, Ltd. 32,000 27,045
Daphne International Holdings, Ltd. 256,000 50,362
Dickson Concepts International, Ltd. 37,000 6,221
EganaGoldpfeil Holdings, Ltd. * 131,750 11,220
Emperor Capital Group, Ltd. 33,600 819
Emperor Entertainment Hotel, Ltd. 165,000 7,393
Emperor International Holdings, Ltd. 330,000 23,948
eSun Holdings, Ltd. * 195,000 8,016
Far East Consortium International, Ltd. 330,750 35,586
First Natural Foods Holdings, Ltd. 375,000 14,073
First Sign International Holdings, Ltd. * 200,000 15,742
Fong's Industries Company, Ltd. 66,000 10,392
Fubon Bank, Ltd. 110,000 27,575
Fubon Bankhk, Ltd. * 110,000 0

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Genesis Energy Holdings, Ltd. * 980,000 $ 10,902
Giordano International, Ltd. 1,113,708 231,967
Global Green Tech Group, Ltd. * 204,000 9,381
Glorious Sun Enterprises, Ltd. 88,000 18,350
Golden Resorts Group, Ltd. 500,000 5,493
Hang Fung Gold Technology, Ltd. 310,000 0
Hanny Holdings, Ltd. 14,880 1,673
Hanny Holdings, Ltd. * 59,520 6,605
Harbour Centre Development, Ltd. 25,000 18,548
Heng Tai Consumables Group, Ltd. * 325,000 16,877
Hi Sun Technology China, Ltd. * 375,000 21,912
HKR International, Ltd. 257,600 46,441
Hon Kwok Land Investment Company, Ltd. 104,000 16,689
Hongkong Chinese, Ltd. 402,300 35,676
Hung Hing Printing Group, Ltd. 134,216 16,266
Hutchison Harbour Ring, Ltd. 1,420,000 93,641
I.T., Ltd. 242,000 11,576
i-Cable Communications, Ltd. 179,000 15,013
Imagi International Holdings, Ltd. * 140,000 5,214
Integrated Distribution Services Group, Ltd. 55,000 45,692
Interchina Holdings Company * 3,585,000 8,336
International Luk Fook Holdings, Ltd. 62,000 12,573
ITC Corp., Ltd. 678,559 6,251
Jinhui Holdings, Ltd. 42,000 4,905
K Wah International Holdings, Ltd. 367,227 41,472
Kantone Holdings, Ltd. 752,267 13,637
Karl Thomson Holdings, Ltd. * 92,000 4,246
Keck Seng Investments, Ltd. 61,000 17,701
Lai Sun Development Company, Ltd. * 2,414,000 11,649
Lai Sun Garment International, Ltd. * 609,000 15,904
Lee & Man Paper Manufacturing, Ltd. 113,600 39,666
Lippo, Ltd. 31,250 7,721
Liu Chong Hing Investment, Ltd. 74,000 27,863
Luks Group Vietnam Holdings Company, Ltd. 76,000 17,572
Lung Kee Holdings, Ltd. 76,000 23,446
Macau Success, Ltd. * 276,000 13,276
Magnificent Estates, Ltd. 1,130,000 10,500
Matsunichi Communication Holdings, Ltd. * 145,000 44,576
Media Chinese International, Ltd. 30,000 4,616
Melco International Development 210,000 50,204
Midland Holdings, Ltd. 132,000 43,919
Miramar Hotel & Investment Company, Ltd. 8,000 5,062
Nam Tai Electronic & Electrical Products, Ltd. 181,000 14,308
Natural Beauty Bio-Technology, Ltd. 280,000 42,270
Next Media, Ltd. 150,000 18,492
Norstar Founders Group, Ltd. 168,000 22,629
Oriental Press Group, Ltd. 202,000 18,832
Oriental Watch Holdings, Ltd. 128,000 14,061
Pacific Andes International Holdings, Ltd. 302,611 17,015
Pacific Century Premium Developments, Ltd. * 440,000 107,739
Paliburg Holdings, Ltd. 133,380 12,707
Peace Mark Holdings, Ltd. 180,000 0
Pico Far East Holdings, Ltd. 200,000 9,841
Playmates Holdings, Ltd. 38,400 3,617
Public Financial Holdings, Ltd. 126,000 36,431
PYI Corp., Ltd. 358,801 9,829

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Regal Hotels International Holdings, Ltd. 157,200 $ 36,472
Road King Infrastructure, Ltd. 78,000 24,334
Sa Sa International Holdings, Ltd. 112,000 20,375
SEA Holdings, Ltd. 52,000 16,640
Shanghai Zendai Property, Ltd. * 525,000 6,140
Shaw Brothers Hong Kong, Ltd. 38,000 37,855
Shell Electric Manufacturing Company, Ltd. 102,000 25,771
Shui On Construction & Materials, Ltd. 48,000 21,607
Singamas Container Holdings, Ltd. 60,000 4,361
Sino-I Technology, Ltd. * 2,940,000 15,323
Skyfame Realty Holdings, Ltd. * 216,000 7,408
Smartone Telecommunications Holdings, Ltd. 82,000 62,022
Solomon Systech International, Ltd. 1,110,000 20,574
Sun Hung Kai & Company, Ltd. 233,000 93,524
Superb Summit International Timber    
Company, Ltd. * 5,630,000 32,132
Symphony Holdings, Ltd. 296,000 6,731
Tack Fat Group International, Ltd. * 200,000 10,322
TAI Cheung Holdings, Ltd. 143,000 38,001
Tai Fook Securities Group, Ltd. 99,120 12,053
TAK Sing Alliance Holdings, Ltd. 94,000 4,392
Tan Chong International, Ltd. 63,000 3,827
TCC International Holdings, Ltd. * 105,444 20,924
Techtronic Industries Company, Ltd. 291,500 89,492
Texwinca Holdings, Ltd. 423,961 198,446
Titan Petrochemicals Group, Ltd. * 600,000 9,075
Tongda Group Holdings, Ltd. 740,000 4,803
Top Form International, Ltd. 226,000 6,887
Truly International Holdings, Ltd. 46,000 19,446
Upbest Group, Ltd. 158,000 9,113
USI Holding Corp. 72,000 8,221
Varitronix International, Ltd. 68,000 13,535
Vedan International Holdings, Ltd. 220,000 10,955
Victory City International Holdings, Ltd. 138,502 16,482
Vitasoy International Holdings, Ltd. 196,000 73,794
VST Holdings Company, Ltd. * 182,000 9,706
VTech Holdings, Ltd. 42,000 126,527
Wai Kee Holdings, Ltd. 130,000 10,142
Wing On Company International, Ltd. 51,000 52,577
Wonson International Holdings, Ltd. * 2,300,000 7,755
Xinyi Glass Holdings Company, Ltd. 228,000 69,220
Yanion International Holdings, Ltd. * 520,000 7,271
Yau Lee Holdings, Ltd. 88,000 6,873
Yip's Chemical Holdings, Ltd. 112,000 31,409
Yugang International, Ltd. 1,366,000 6,382
    4,063,415
India - 0.01%    
HTMT Global Solutions, Ltd. 2,398 5,862
Motherson Sumi Systems, Ltd. 7,017 7,136
NIIT, Ltd. 11,250 5,461
    18,459
Ireland - 1.04%    
AER Lingus Group PLC * 92,859 132,449
Aryzta AG * 9,086 241,611
C&C Group PLC - London Exchange 106,183 162,564

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Ireland (continued)    
DCC PLC 29,401 $ 393,426
DCC PLC 2,800 37,588
Dragon Oil PLC * 34,938 78,026
Dragon Oil PLC * 51,099 117,078
FBD Holdings PLC - London Exchange 5,526 35,571
FBD Holdings PLC 3,299 27,991
Fyffes PLC 106,403 37,815
Glanbia PLC 43,143 102,492
Greencore Group PLC 45,227 54,156
IFG Group PLC 17,394 14,370
Independent News & Media PLC - London    
Exchange 157,817 91,258
Independent News & Media PLC 42,581 24,886
Irish Continental Group PLC * 5,829 96,863
Irish Life & Permanent PLC - London    
Exchange 93,432 206,224
Kenmare Resources PLC * 114,460 13,193
Kingspan Group PLC - London Exchange 46,873 190,203
McInerney Holdings PLC 27,705 7,366
Paddy Power PLC - London Exchange 9,114 159,816
Paddy Power PLC 7,635 134,577
United Drug PLC 85,182 266,473
    2,625,996
Italy - 3.22%    
Acea SpA 12,878 166,618
Acegas-APS SpA 7,419 50,917
Actelios SpA 8,203 36,111
Aedes SpA * 6,455 3,700
Amplifon SpA 31,967 27,945
Ansaldo STS SpA 18,782 234,776
AS Roma SpA * 21,755 17,206
Astaldi SpA 11,817 54,140
Autogrill SpA 31,893 239,792
Azimut Holding SpA * 33,891 152,324
Banca Finnat Euramerica SpA 35,792 24,622
Banca Generali SpA 10,115 38,255
Banca IFIS SpA 3,357 28,781
Banca Intermobiliare SpA 17,737 62,722
Banca Italease * 31,403 130,546
Banca Popolare dell'Etruria e del Lazio SCRL 23,455 142,272
Banca Profilo SpA 11,108 7,245
Banco di Desio e della Brianza SpA 15,821 88,705
Benetton Group SpA, SADR 200 2,900
Benetton Group SpA 23,853 177,051
Biesse SpA 3,083 15,498
Bonifica Ferraresi e Imprese Agricole SpA 918 36,561
Brembo SpA 12,719 78,372
Bulgari SpA 46,834 287,190
Caltagirone Editore SpA 9,281 25,349
Caltagirone SpA 7,345 24,386
Carraro SpA 4,324 14,314
Cementir SpA 24,008 64,425
CIR-Compagnie Industriali Riunite SpA 139,287 129,637
Class Editori SpA 25,163 21,959
Credito Artigiano SpA 27,027 66,765
Credito Bergamasco SpA * 4,262 133,356

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Italy (continued)    
Credito Emiliano SpA 29,293 $ 151,700
Danieli & Company SpA 7,817 59,459
Davide Campari Milano SpA 46,001 254,522
De Longhi SpA 23,047 38,129
Digital Multimedia Technologies SpA * 2,000 35,631
EEMS Italia SpA * 10,929 15,859
ERG SpA 20,081 271,632
Ergo Previdenza SpA 5,344 29,899
Esprinet SpA 4,770 24,496
Fastweb SpA * 4,456 93,740
Fiera Milano SpA * 3,657 22,025
Gemina SpA * 269,900 125,650
Geox SpA 17,140 91,114
Gewiss SpA 11,161 42,391
GranitiFiandre SpA 7,189 35,250
GreenergyCapital SpA * 175 101
Gruppo Beghelli SpA 13,844 9,231
Gruppo Coin SpA * 12,232 31,316
Gruppo Editoriale L'Espresso SpA 67,330 105,613
Hera SpA 27,856 59,605
Immsi SpA 76,616 68,744
Impregilo SpA * 87,969 235,052
Indesit Company SpA 10,710 58,477
Industria Macchine Automatiche SpA 5,896 102,384
Intek SpA 70,676 28,255
Interpump SpA 16,266 86,066
Iride SpA 103,369 139,918
Italmobiliare SpA 2,854 89,591
Juventus Football Club SpA * 20,443 20,764
KME Group SpA 17,570 8,685
Mariella Burani SpA 2,607 34,537
Marr SpA 5,328 31,455
Mediolanum SpA 79,468 324,773
Meliorbanca SpA 17,273 63,795
Milano Assicurazioni SpA 79,082 248,017
Mirato SpA 3,489 20,498
Mondadori (Arnoldo) Editore SpA 36,588 135,461
Nice SpA 8,114 19,824
Panariagroup Industrie Ceramiche SpA 3,544 11,640
Permasteelisa SpA 4,223 40,391
Piccolo Credito Valtellinese Scrl 67,807 519,737
Pirelli & C Real Estate SpA 5,311 24,412
Pirelli & Company SpA 139,422 48,033
Premafin Finanziaria SpA 69,591 118,545
Recordati SpA 29,632 154,485
Reno de Medici SpA * 57,383 11,067
Risanamento SpA * 13,318 6,395
Sabaf SpA 1,389 23,337
SAES Getters SpA 2,559 20,482
Safilo Group SpA 62,514 48,885
Save SpA 3,613 17,763
Snai SpA * 16,027 29,002
Snia SPA * 58,742 11,809
Societa' Cattolica di Assicurazioni S.c.r.l. 18,689 612,202
Societa Partecipazioni Finanziarie SpA * 121,974 27,704
Socotherm SpA * 2,703 5,506

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Italy (continued)    
Sogefi SpA 14,065 $ 22,278
Sol SpA 10,699 38,318
Sorin SpA * 67,066 45,377
Stefanel SpA * 25,713 12,731
Telecom Italia Media SpA * 455,979 51,615
Tiscali SpA * 92,000 95,093
Tod's SpA 3,746 149,910
Trevi Finanziaria SpA 9,055 99,597
Vianini Lavori SpA 8,936 45,858
Vittoria Assicurazioni SpA 11,898 59,940
    8,150,211
Japan - 31.05%    
A&A Material Corp. 19,000 12,629
Abilit Corp. 3,000 4,026
Achilles Corp. 54,000 72,090
Adeka Corp. 30,600 188,259
Aderans Company, Ltd. 8,200 69,254
Advan Company, Ltd. 9,300 47,197
Advanex, Inc. 12,000 10,738
Aeon Delight Company, Ltd. 4,000 106,342
Aeon Fantasy Company, Ltd. 4,700 29,046
Ahresty Corp. 6,700 22,240
AI Holdings Corp. 12,600 38,187
Aica Kogyo Company, Ltd. 16,300 156,867
Aichi Bank, Ltd. 2,600 202,577
Aichi Corp. 10,600 35,093
Aichi Machine Industry Company, Ltd. 28,000 51,962
Aichi Steel Corp. 33,000 103,005
Aichi Tokei Denki Company, Ltd. 10,000 23,550
Aida Engineering, Ltd. 23,000 85,308
Aigan Company, Ltd. 4,600 27,230
Aiphone Company, Ltd. 5,700 95,816
Airport Facilities Company, Ltd. 13,200 77,224
Aisan Industry Company, Ltd. 9,300 49,337
Akebono Brake Industry Company, Ltd. 17,000 94,532
Akita Bank, Ltd. 64,000 269,866
Allied Telesis Holdings KK * 58,100 20,245
Aloka Company, Ltd. 5,000 35,367
Alpha Corp. 1,000 6,421
Alpha Systems, Inc. 2,600 56,223
Alpine Electronics, Inc. 14,500 102,099
Alps Logistics Company, Ltd. 2,000 20,299
Altech Corp. * 3,700 34,508
Amano Corp. 16,400 126,528
Amuse, Inc. 2,000 24,756
Ando Corp. 14,000 19,302
Anest Iwata Corp. 6,000 18,851
Anritsu Corp. 43,000 105,616
AOC Holdings, Inc. 15,000 80,765
AOI Advertising Promotion, Inc. 3,000 12,420
AOI Electronic Company, Ltd. 1,700 10,624
AOKI Holdings, Inc. 8,200 98,424
Aomori Bank, Ltd. 47,000 206,293
Aoyama Trading Company, Ltd. 19,500 253,455
Arakawa Chemical Industries, Ltd. 3,500 32,343
Araya Industrial Company, Ltd. 14,000 20,205

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Arealink Company, Ltd. 70 $ 2,054
Ariake Japan Company, Ltd. 4,900 74,477
Arisawa Manufacturing Company, Ltd. 8,200 30,260
Aronkasei Company, Ltd. 7,000 21,597
Art Corp. 2,000 22,278
As One Corp. 3,900 92,913
Asahi Diamond Industrial Company, Ltd. 18,000 110,794
Asahi Kogyosha Company, Ltd. 8,000 26,860
Asahi Organic Chemicals    
Industry Company, Ltd. 20,000 56,660
Asahi Pretec Corp. 5,900 76,388
Asahi Tec Corp. * 74,000 27,260
Asanuma Corp. 17,000 10,745
ASATSU-DK, Inc. 8,700 202,104
Ashimori Industry Company, Ltd. 13,000 13,595
Asia Securities Printing Company, Ltd. 9,300 61,034
ASKA Pharmaceutical Company, Ltd. 5,000 40,202
Asunaro Aoki Construction Company, Ltd. 11,000 52,025
Atsugi Company, Ltd. 50,000 63,044
Autobacs Seven Company, Ltd. 9,700 216,200
Avex Group Holdings, Inc. 8,200 85,406
Awa Bank, Ltd. 68,000 442,583
Azel Corp. 17,000 1,606
Bando Chemical Industries, Ltd. 30,000 71,424
Bank of Ikeda, Ltd. 4,800 201,432
Bank of Iwate, Ltd. 4,900 292,670
Bank of Nagoya, Ltd. 47,000 266,799
Bank of Okinawa, Ltd. 6,000 189,435
Bank of Saga, Ltd. 44,000 145,722
Bank of the Ryukyus, Ltd. 13,100 111,895
Belluna Company, Ltd. 9,298 23,070
Best Denki Company, Ltd. 18,000 52,222
Bookoff Corp. 3,000 19,920
BSL Corp. * 27,000 2,001
Bunka Shutter Company, Ltd. 14,000 51,982
C.I. Kasei Company, Ltd. 4,000 10,171
CAC Corp. 3,400 31,603
Calsonic Kansei Corp. 50,000 79,989
Canon Electronics, Inc. 4,500 62,081
Canon Finetech, Inc. 8,600 86,227
Catena Corp 13,500 30,079
Cawachi, Ltd. 4,400 68,898
Central Finance Company, Ltd. 26,000 34,783
Central Glass Company, Ltd. 60,000 203,059
Century Leasing System, Inc. 7,600 67,669
CFS Corp. 6,500 44,345
Chiba Kogyo Bank, Ltd. * 12,000 140,369
Chino Corp. 11,000 24,697
Chiyoda Company, Ltd. 7,400 108,248
Chofu Seisakusho Company, Ltd. 5,900 130,022
Chori Company, Ltd. * 50,000 46,204
Chubu Shiryo Company, Ltd. 6,000 36,523
Chudenko Corp. 10,300 166,878
Chuetsu Pulp & Paper Company, Ltd. 22,000 40,232
Chugai Mining Company, Ltd. 34,900 11,351
Chugai Ro Company, Ltd. 19,000 57,789

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Chugoku Marine Paints, Ltd. 19,000 $ 89,958
Chukyo Bank, Ltd. 49,000 150,060
Chuo Denki Kogyo Company, Ltd. 6,000 35,483
Chuo Gyorui Company, Ltd. 12,000 24,417
Chuo Spring Company, Ltd. 14,000 38,924
Circle K Sunkus Company, Ltd. 13,000 244,671
CKD Corp. 19,500 60,488
Clarion Company, Ltd. 51,000 40,186
Cleanup Corp. 5,000 19,694
CMK Corp. 13,700 55,033
Coca-Cola Central Japan Company, Ltd. 15 100,852
cocokara fine HOLDINGS, Inc. * 1,430 16,302
Colowide Company, Ltd. 14,000 79,037
Columbia Music Entertainment, Inc. * 29,000 8,274
Commuture Corp. 16,000 78,181
Computer Engineering & Consulting, Ltd. 2,900 22,327
COMSYS Holdings Corp. 34,000 314,979
Co-Op Chemical Company, Ltd. * 19,000 41,204
Corona Corp. 8,100 72,773
Cosel Company, Ltd. 5,600 42,585
Creed Corp. 25 3,916
Cross Plus, Inc. 2,000 23,166
CSK Corp. 22,700 150,135
CTI Engineering Company, Ltd. 5,500 35,443
Culture Convenience Club Company, Ltd. 33,500 296,826
Cybozu, Inc. 45 8,313
D.G. Roland Corp. 3,000 38,056
Dai Nippon Toryo Company, Ltd. 22,000 21,716
Dai-Dan Company, Ltd. 14,000 55,814
Daido Kogyo Company, Ltd. 11,000 18,765
Daido Metal Company, Ltd. 12,000 27,993
Daidoh, Ltd. 7,600 63,068
Daiei, Inc. * 19,650 89,813
Daifuku Company, Ltd. 22,000 122,806
Daihen Corp. 38,000 110,923
Daiho Corp. 14,000 7,807
Daiichi Chuo Kisen Kaisha Ltd. 7,000 15,441
Daiichi Jitsugyo Company, Ltd. 17,000 44,800
Daiichi Kigenso Kagaku-Kogyo Company, Ltd. 1,100 11,901
Dai-Ichi Kogyo Seiyaku Company, Ltd. * 10,000 19,490
Daiken Corp. 23,000 38,499
Daiki Aluminium Industry Company, Ltd. 9,000 16,787
Daiko Clearing Services Corp. 3,000 22,857
Daikoku Denki Company, Ltd. 3,200 32,178
Daikyo, Inc. 66,144 45,369
Daimei Telecom Engineering Corp. 13,000 110,712
Dainichi Company, Ltd. 3,800 22,607
Dainichiseika Color & Chemicals    
Manufacturing Company, Ltd. 21,000 53,198
Dainippon Screen Manufacturing    
Company, Ltd. 67,000 115,956
Daio Paper Corp. 25,000 265,359
Daisan Bank, Ltd. 42,000 139,068
Daiseki Company, Ltd. 7,000 165,004
Daiso Company, Ltd. 25,000 56,989
Daisyo Corp. 4,800 65,146
Daito Bank, Ltd. 19,000 12,202

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Daiwa Industries, Ltd. 13,000 $ 38,899
Daiwa Seiko, Inc. 18,000 26,283
Daiwabo Company, Ltd. 33,000 110,275
Danto Holdings Corp. 12,000 11,226
DC Company, Ltd. 8,000 18,290
DCM Japan Holdings Company, Ltd. 21,720 162,684
Denki Kogyo Company, Ltd. 15,000 94,066
Denyo Company, Ltd. 7,200 53,240
Descente, Ltd. 15,000 72,861
Disco Corp. 5,200 99,239
Don Quijote Company, Ltd. 10,800 232,968
Doshisha Company, Ltd. 3,100 39,350
Doutor Nichires Holdings Company, Ltd. 6,893 123,770
Dream Incubator, Inc. * 26 16,805
DTS Corp. 4,800 46,741
Dwango Company, Ltd. 33 49,797
Dydo Drinco, Inc. 3,300 80,121
Dynic Corp. 13,000 17,083
E-Access, Ltd. 1,000 509,432
Eagle Industry Company, Ltd. 5,000 17,265
Ebara Corp. 108,000 204,352
EDION Corp. 27,300 118,402
Ehime Bank, Ltd. 47,000 150,693
Eighteenth Bank, Ltd. 52,000 147,744
Eiken Chemical Company, Ltd. 4,000 25,042
Eizo Nanao Corp. 6,100 97,017
Enplas Corp. 4,400 42,435
Enshu, Ltd. 15,000 10,574
Epson Toyocom Corp. 19,000 34,413
Espec Corp. 6,900 45,551
Exedy Corp. 8,100 107,886
Ezaki Glico Company, Ltd. 11,000 115,192
F&A Aqua Holdings, Inc. 3,800 29,262
Falco Biosystems, Ltd. 1,500 12,575
Fancl Corp. 9,400 116,023
FDK Corp. * 21,000 23,233
Foster Electric Company, Ltd. 5,200 39,549
FP Corp. 3,600 158,270
France Bed Holdings Company, Ltd. 42,000 59,446
Fudo Construction Company, Ltd. 27,000 13,043
Fuji Company, Ltd. 5,700 100,085
Fuji Corp., Ltd. 5,000 11,563
Fuji Kiko Company, Ltd. 11,000 10,912
Fuji Kosan Company, Ltd. * 21,000 15,239
Fuji Kyuko Company, Ltd. 17,000 75,686
Fuji Oil Company, Ltd. 16,900 214,098
Fuji Software ABC, Inc. 8,800 171,805
Fujibo Holdings, Inc. 15,000 15,443
Fujicco Company, Ltd. 7,000 86,885
Fujikura Kasei Company, Ltd. 5,300 26,574
Fujikura Rubber, Ltd. 5,000 15,630
Fujita Kanko, Inc. 19,000 119,133
Fujitec Company, Ltd. 17,000 54,477
Fujitsu Business Systems, Ltd. 5,100 69,594
Fujitsu Frontech, Ltd. 4,000 27,219
Fujitsu General, Ltd. * 14,000 26,276

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Fujiya Company, Ltd. * 40,000 $ 52,336
Fukuda Corp. 8,000 11,880
Fukui Bank, Ltd. 67,000 236,281
Fukushima Bank, Ltd. 69,000 45,635
Fukushima Industries Corp. 3,000 23,444
Fukuyama Transporting Company, Ltd. 63,000 289,327
Fumakilla, Ltd. * 6,000 22,102
Funai Consulting Company, Ltd. 5,000 25,943
Funai Electric Company, Ltd. 6,300 94,706
Furukawa Battery Company, Ltd. * 10,000 93,711
Furukawa Company, Ltd. 73,000 73,615
Furusato Industries, Ltd. 2,700 23,717
Fuso Pharmaceutical Industries, Ltd. 25,000 63,316
Futaba Corp. 11,200 146,692
Futaba Industrial Company, Ltd. 14,300 76,121
Future System Consulting Corp. 109 38,419
Fuyo General Lease Company, Ltd. 5,500 88,740
Gakken Company, Ltd. 23,000 37,956
Gecoss Corp. 5,500 21,889
Geo Corp. 96 65,048
Gigas K's Denki Corp. 11,400 179,557
GMO Internet, Inc. 12,600 35,092
Godo Steel, Ltd. 38,000 102,035
Goldcrest Company, Ltd. 6,300 118,517
Goldwin, Inc. * 12,000 18,312
Goodwill Group, Inc. * 327 1,985
Gourmet Kineya Company, Ltd. 5,000 33,801
Green Hospital Supply, Inc. 42 16,341
GS Yuasa Corp. 86,000 333,404
GSI Creos Corp. * 23,000 25,929
Gulliver International Company, Ltd. 1,130 17,486
Gun-Ei Chemical Industry Company, Ltd. 11,000 23,060
Gunze, Ltd. 63,000 233,075
Hakuto Company, Ltd. 6,800 44,808
Hakuyosha Company, Ltd. 5,000 14,348
Hankyu Department Stores Inc. 38,000 269,245
Hanwa Company, Ltd. 57,000 162,451
Happinet Corp. 1,600 21,119
Harashin Narus Holdings Company, Ltd. 3,000 33,497
Harima Chemicals, Inc. 5,000 18,765
Haruyama Trading Company, Ltd. 2,700 11,888
Hayashikane Sangyo Company, Ltd. * 28,000 20,043
Hazama Corp. 18,700 15,663
Heiwa Corp. 9,400 88,730
Heiwado Company, Ltd. 9,000 132,123
Hibiya Engineering, Ltd. 11,000 90,248
Higashi-Nippon Bank, Ltd. 40,000 112,483
Higo Bank, Ltd. 2,000 12,425
HIS Company, Ltd. 6,400 111,309
Hitachi Cable, Ltd. 54,000 107,593
Hitachi Information Systems, Ltd. 8,500 170,030
Hitachi Kokusai Electric, Inc. 21,000 94,393
Hitachi Maxell, Ltd. 16,400 133,391
Hitachi Medical Corp. 12,000 113,084
Hitachi Plant Technologies, Ltd. 25,000 69,983
Hitachi Software Engineering Company, Ltd. 3,000 43,986

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Hitachi Systems & Services, Ltd. 4,000 $ 52,330
Hitachi Tool Engineering, Ltd. 5,900 48,123
Hitachi Transport System, Ltd. 15,000 217,264
Hitachi Zosen Corp. * 187,000 153,336
Hochiki Corp. 7,000 46,292
Hodogaya Chemical Company, Ltd. 25,000 40,498
Hogy Medical Company, Ltd. 3,200 182,638
Hokkaido Gas Company, Ltd. 14,000 38,499
Hokkan Holdings, Ltd. 11,000 28,856
Hokuetsu Bank, Ltd. 72,000 157,108
Hokuetsu Industries Company, Ltd. * 10,000 16,228
Hokuetsu Paper Mills, Ltd. 39,500 174,490
Hokuriku Electric Industry Company, Ltd. 12,000 21,245
Hokuto Corp. 6,000 154,549
Horiba, Ltd. * 7,200 108,807
Horipro, Inc. 3,300 31,601
Hosiden Corp. 12,100 148,706
Hosokawa Micron Corp. 10,000 40,847
Howa Machinery, Ltd. 20,000 13,084
I Metal Technology Company, Ltd. 10,000 22,144
IBJ Leasing Company, Ltd. 6,000 98,381
Ichikoh Industries, Ltd. 12,000 16,339
Ichinen Company, Ltd. * 7,400 42,350
Ichiyoshi Securities Company, Ltd. 10,600 78,392
ICOM, Inc. 3,000 59,140
IDEC Corp. 7,000 65,689
Ihara Chemical Industry Company, Ltd. 10,000 26,010
Iino Kaiun Kaisha, Ltd. 20,700 92,124
Ikegami Tsushinki Company, Ltd. * 13,000 11,126
Imasen Electric Industrial Company, Ltd. 3,900 26,986
Imperial Hotel, Ltd. 3,800 84,096
Impress Holdings, Inc. 105 13,867
Inaba Denki Sangyo Company, Ltd. 4,800 132,514
Inaba Seisakusho Company, Ltd. 4,900 53,801
Inabata & Company, Ltd. 17,900 53,239
Inageya Company, Ltd. 6,000 54,925
Ines Corp. 14,100 63,220
Information Services International -    
Dentsu, Ltd. 3,400 21,152
Inui Steamship Company, Ltd. 4,900 32,305
Invoice, Inc. 2,047 9,026
Ise Chemical Corp. 6,000 23,073
Iseki & Company, Ltd. * 49,000 96,508
Ishihara Sangyo Kaisha, Ltd. * 105,000 78,625
Ishii Hyoki Company, Ltd. 1,600 22,408
IT Holdings Corp. * 12,820 168,129
Itochu Enex Company, Ltd. 13,200 68,585
Itochu-Shokuhin Company, Ltd. 2,400 86,400
Itoham Foods, Inc. 41,000 152,253
Itoki Corp. 15,000 45,378
Iwasaki Electric Company, Ltd. 11,000 13,310
Iwatani International Corp. 47,000 95,542
Iwatsu Electric Company, Ltd. * 17,000 14,172
Izumiya Company, Ltd. 26,000 151,979
Izutsuya Company, Ltd. * 26,000 17,724
J. Bridge Corp. * 7,000 1,403

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Jalux, Inc. 2,200 $ 31,953
Jamco Corp. 3,000 13,303
Janome Sewing Machine Company, Ltd. 73,000 30,754
Japan Aviation Electronics Industry, Ltd. 20,000 77,038
Japan Carlit Company, Ltd. * 8,200 30,540
Japan Cash Machine Company, Ltd. 6,200 50,934
Japan Digital Laboratory Company, Ltd. 7,900 76,706
Japan Foundation Engineering Company, Ltd. 7,000 16,330
Japan General Estate Company, Ltd. 9,500 13,889
Japan Pulp & Paper Company, Ltd. 23,000 71,948
Japan Radio Company, Ltd. 29,000 39,328
Japan Servo Company, Ltd. 10,000 45,271
Japan Transcity Corp., Ltd. 19,000 65,490
Japan Vilene Company, Ltd. 16,000 71,222
Japan Wool Textile Company, Ltd. 19,000 138,167
Jastec Company, Ltd. 3,900 20,032
JBCC Holdings, Inc. 4,200 34,292
JBIS Holdings, Inc. 10,000 40,593
Jeans Mate Corp. 2,300 11,356
Jeol, Ltd. 19,000 56,300
Jidosha Buhin Kogyo Company, Ltd. * 9,000 14,669
JK Holdings Company, Ltd. 5,700 35,557
JMS Company, Ltd. 9,000 28,504
Joban Kosan Company, Ltd. 15,000 23,371
J-Oil Mills, Inc. 23,000 79,301
Joint Corp. 9,800 17,470
Joshin Denki Company, Ltd. 12,000 98,949
JSP Corp. 8,200 45,432
Juki Corp. 33,000 38,573
JVC KENWOOD Holdings Ltd. * 198,000 82,871
Jyomo Company, Ltd. * 24,000 5,337
Kabuki-Za Company, Ltd. 1,000 44,949
Kadokawa Holdings, Inc. 5,400 121,219
Kaga Electronics Company, Ltd. 6,800 77,360
Kagawa Bank, Ltd. 22,000 115,368
Kagoshima Bank, Ltd. 32,000 229,469
Kakaku.com, Inc. 44 154,257
Kaken Pharmaceutical Company, Ltd. 23,000 228,162
Kameda Seika Company, Ltd. 4,000 49,939
Kamei Corp. 5,000 21,154
Kanaden Corp. 6,000 27,066
Kanagawa Chuo Kotsu Company, Ltd. 8,000 46,607
Kanamoto Company, Ltd. 5,000 17,640
Kandenko Company, Ltd. 30,000 187,710
Kanematsu Corp. * 124,000 105,871
Kanematsu Electronics, Ltd. 4,500 35,792
Kanto Auto Works, Ltd. 9,800 116,708
Kanto Denka Kogyo Company, Ltd. 13,000 31,631
Kanto Natural Gas Development, Ltd. 11,000 78,323
Kanto Tsukuba Bank, Ltd. 17,200 64,938
Kasai Kogyo Company, Ltd. 8,000 13,545
Kasumi Company, Ltd. 12,000 69,452
Katakura Industries Company, Ltd. 7,900 79,026
Kato Sangyo Company, Ltd. 7,000 106,696
Kato Works Company, Ltd. 10,000 23,837
Kawada Industries, Inc. * 16,000 15,985

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Kawai Musical Instruments Manufacturing    
Company, Ltd. 16,000 $ 13,618
Kawasaki Kinkai Kisen Kaisha, Ltd. 5,000 16,097
Kawashima Selkon Textiles Company, Ltd. * 17,000 11,674
Kawasumi Laboratories, Inc. 4,000 16,205
Kayaba Industry Company, Ltd. 49,000 110,436
Keihin Company, Ltd. 10,000 12,602
Keihin Corp. 12,800 101,856
Keiiyu Company, Ltd. 4,400 9,438
Keiyo Company, Ltd. 14,600 91,887
Kenedix, Inc. 215 45,223
Kentucky Fried Chicken Japan, Ltd. 4,000 66,247
KEY Coffee, Inc. 5,800 92,663
Kikkoman Corp. 3,000 33,837
Kimura Chemical Plants Company, Ltd. * 3,700 21,984
Kinki Nippon Tourist Company, Ltd. 32,000 59,709
Kinki Sharyo Company, Ltd. 7,000 36,304
Kintetsu World Express, Inc. 6,700 112,319
Kinugawa Rubber Industrial Company, Ltd. 25,000 34,462
Kioritz Corp. 22,000 27,163
Kirindo Company, Ltd. 5,100 26,608
Kishu Paper Company, Ltd. * 17,000 18,617
Kisoji Company, Ltd. 6,200 118,829
Kissei Pharmaceutical Company, Ltd. 10,000 260,555
Kitagawa Iron Works Company, Ltd. 12,000 14,284
Kita-Nippon Bank, Ltd. 2,500 73,286
Kitano Construction Corp. 12,000 30,430
Kitz Corp. 28,000 85,236
Kiyo Holdings, Inc. 196,000 294,195
Koa Corp. 10,700 66,614
Koatsu Gas Kogyo Company, Ltd. 15,000 81,169
Kobayashi Pharmaceutical Company, Ltd. 7,600 279,020
Koei Company, Ltd. 5,100 55,287
Kohnan Shoji Company, Ltd. 7,300 93,423
Koike Sanso Kogyo Company, Ltd. 9,000 21,373
Kojima Company, Ltd. 11,400 27,431
Kokuyo Company, Ltd. 27,800 202,340
Komatsu Seiren Company, Ltd. 9,000 38,328
Komatsu Wall Industry Company, Ltd. 2,100 24,635
Komeri Company, Ltd. 8,800 221,088
Komori Corp. 19,600 209,751
Konaka Company, Ltd. 4,600 14,848
Kondotec, Inc. 3,000 16,794
Konishi Company, Ltd. 3,900 32,317
Kosaido Company, Ltd. 3,800 9,582
Kose Corp. 8,400 199,531
Kosei Securities Company, Ltd. 18,000 16,499
Krosaki Harima Corp. 15,000 33,335
KRS Corp. 2,700 24,317
Kumagai Gumi Company, Ltd. 54,000 24,445
Kumiai Chemical Industry Company, Ltd. 25,000 76,101
Kura Corp. 16 22,478
Kurabo Industries, Ltd. 72,000 100,028
Kureha Corp. 38,000 166,807
Kurimoto, Ltd. 28,000 18,254
Kuroda Electric Company, Ltd. 7,600 56,817

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Kyoden Company, Ltd. 7,000 $ 6,739
Kyodo Printing Company, Ltd. 28,000 64,501
Kyodo Shiryo Company, Ltd. 24,000 25,837
Kyoei Tanker Company, Ltd. * 13,000 31,758
Kyokuto Kaihatsu Kogyo Company, Ltd. 10,200 42,276
Kyokuyo Company, Ltd. 16,000 35,730
Kyoritsu Maintenance Company, Ltd. 3,100 41,048
Kyosan Electric Manufacturing Company, Ltd. 11,000 32,981
Kyoto Kimono Yuzen Company, Ltd. 24 14,358
Kyowa Exeo Corp. 23,000 239,077
Kyowa Leather Cloth Company, Ltd. 5,200 27,479
Kyudenko Corp. 14,000 104,239
Life Corp. 11,000 206,859
Lintec Corp. 13,300 148,124
Lion Corp. 52,000 296,786
Livedoor Auto Company, Ltd. * 29,500 9,536
Lonseal Corp. * 22,000 31,534
Macnica, Inc. 3,400 41,593
Maeda Corp. 46,000 144,449
Maeda Road Construction Company, Ltd. 23,000 184,309
Maezawa Industries, Inc. 5,100 12,166
Maezawa Kasei Industries Company, Ltd. 2,000 16,689
Maezawa Kyuso Industries Company, Ltd. 3,500 46,008
Makino Milling Machine Company, Ltd. 39,000 95,130
Mandom Corp. 5,800 160,641
Mars Engineering Corp. 2,900 79,213
Marubun Corp. 7,400 25,451
Marudai Food Company, Ltd. 48,000 128,648
Maruei Department Store Company, Ltd. * 7,000 15,502
Maruetsu, Inc. * 19,000 112,780
Maruha Group, Inc. 107,815 166,039
Maruka Machinery Company, Ltd. 3,000 21,029
Marusan Securities Company, Ltd. 20,300 94,562
Maruwa Company, Ltd. 4,800 53,451
Maruyama Manufacturing Company, Inc. 10,000 15,003
Maruzen Company, Ltd. * 23,000 15,178
Maruzen Company, Ltd. 4,000 16,278
Maruzen Showa Unyu Company, Ltd. 23,000 66,654
Maspro Denkoh Corp. 4,000 34,032
Matsuda Sangyo Company, Ltd. 3,520 34,943
Matsui Construction Company, Ltd. 8,000 21,681
Matsuya Company, Ltd. 8,100 162,618
Matsuya Foods Company, Ltd. 4,300 54,189
Max Company, Ltd. 11,000 114,001
Maxvalu Tokai Company, Ltd. 4,500 68,241
MEC Company, Ltd. 2,400 9,462
Megachips Corp. 5,600 85,413
Meidensha Corp. 37,000 75,378
Meiji Shipping Company, Ltd. * 3,900 12,787
Meitec Corp. 10,200 208,056
Meito Sangyo Company, Ltd. 4,700 83,583
Meiwa Corp. * 8,000 10,445
Meiwa Estate Company, Ltd. 5,000 20,410
Mercian Corp. 19,400 39,704
Michinoku Bank, Ltd. 54,000 113,798
Mikuni Coca-Cola Bottling Company, Ltd. 9,000 80,991

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Mikuni Corp. 9,000 $ 11,860
Milbon Company, Ltd. 3,200 84,947
Mimasu Semiconductor Industry Company,    
Ltd. 3,600 36,311
Minato Bank, Ltd. 77,000 98,642
Ministop Company, Ltd. 3,700 71,730
Miraca Holdings, Inc. 7,700 155,838
Misawa Homes Holdings, Inc. * 14,800 36,528
Mitani Corp. 4,000 17,244
Mito Securities Company, Ltd. 17,000 52,097
Mitsuba Corp., Ltd. 14,000 52,781
Mitsubishi Cable Industries, Ltd. 37,000 34,331
Mitsubishi Kakoki Kaisha, Ltd. 11,000 22,591
Mitsubishi Paper Mills, Ltd. 84,000 140,821
Mitsubishi Pencil Company, Ltd. 5,600 62,228
Mitsubishi Steel Manufacturing Company, Ltd. 33,000 82,289
Mitsuboshi Belting Company, Ltd. 22,000 112,791
Mitsui High-Tec, Inc. 11,100 60,510
Mitsui Home Company, Ltd. 16,000 73,974
Mitsui Knowledge Industry Company, Ltd. 253 44,351
Mitsui Matsushima Company, Ltd. * 17,000 25,011
Mitsui Mining Company, Ltd. 51,000 85,318
Mitsui Sugar Company, Ltd. 27,000 100,956
Mitsui-Soko Company, Ltd. 29,000 118,294
Mitsumura Printing Company, Ltd. 7,000 22,931
Mitsuuroko Company, Ltd. 13,000 79,816
Miura Company, Ltd. 8,200 180,764
Miyazaki Bank, Ltd. 49,000 162,382
Miyoshi Oil & Fat Company, Ltd. 14,000 19,169
Miyuki Holdings Company, Ltd. 8,000 17,040
Mizuno Corp. 27,000 127,577
Mochida Pharmaceutical Company, Ltd. 20,000 230,993
Modec, Inc. 7,400 103,850
Monex Group, Inc. 287 88,491
Mori Seiki Company, Ltd. 22,500 174,045
Morinaga & Company, Ltd. 60,000 120,411
Morinaga Milk Industry Company, Ltd. 58,000 195,701
Morita Corp. 6,000 25,474
Mory Industries, Inc. 11,000 22,281
MOS Food Services, Inc. 7,000 91,875
Moshi Moshi Hotline, Inc. 6,350 128,116
Mr. Max Corp. 7,300 28,522
Musashino Bank, Ltd. 9,700 314,663
Mutoh Holdings Company, Ltd. * 8,000 19,987
Mutow Company, Ltd. 7,300 37,528
Nachi-Fujikoshi Corp. 47,000 96,746
Nagano Bank, Ltd. 25,000 59,097
Nagase & Company, Ltd. 21,000 184,913
Nagatanien Company, Ltd. 8,000 71,534
Nakabayashi Company, Ltd. 14,000 24,809
Nakamuraya Company, Ltd. 12,000 62,244
Nakayama Steel Works, Ltd. 29,000 83,030
NEC Fielding, Ltd. 8,400 88,145
NEC Leasing, Ltd. 6,500 52,537
NEC Mobiling, Ltd. 4,300 58,170
NEC Networks & System Integration Corp. 7,700 87,886

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
NEC Tokin Corp. * 11,000 $ 28,286
Net One Systems Company, Ltd. 163 279,905
Netmarks, Inc. * 29 4,886
Neturen Company, Ltd. 9,900 59,770
New Tachikawa Aircraft Company, Ltd. * 1,400 55,666
Nice Corp. 22,000 31,079
Nichia Steel Works, Ltd. 14,000 33,454
Nichias Corp. 35,000 85,600
Nichiban Company, Ltd. 10,000 30,860
Nichicon Corp. 21,100 112,284
Nichiha Corp. 9,000 57,640
Nichii Gakkan Company, Ltd. 6,700 75,265
Nichimo Corp. 29,000 3,339
NICHIREI Corp. 54,000 225,859
Nichireki Company, Ltd. 1,000 2,753
Nidec Copal Corp. 5,700 49,056
Nidec Sankyo Corp. 20,000 88,943
Nidec Tosok Corp. 2,800 22,319
Nifco, Inc. 11,900 123,725
Nihon Chouzai Company, Ltd. 1,080 13,129
Nihon Dempa Kogyo Company, Ltd. 4,500 53,431
Nihon Eslead Corp. 2,000 8,769
Nihon Inter Electronics Corp. 5,000 7,355
Nihon Kagaku Sangyo Company, Ltd. 5,000 25,274
Nihon Kohden Corp. 9,700 173,200
Nihon Matai Company, Ltd. * 21,000 29,076
Nihon Nohyaku Company, Ltd. 10,000 64,006
Nihon Parkerizing Company, Ltd. 14,000 134,159
Nihon Spindle Manufacturing Company, Ltd. * 15,000 24,634
Nihon Tokushu Toryo Company, Ltd. 6,000 20,896
Nihon Unisys, Ltd. 3,600 33,388
Nihon Yamamura Glass Company, Ltd. 26,000 49,450
Nikkiso Company, Ltd. 12,000 69,833
Nikko Company, Ltd. 5,000 12,381
Nippo Corp. 19,000 129,001
Nippon Beet Sugar    
Manufacturing Company, Ltd. 47,000 122,157
Nippon Carbide Industries Company, Inc. * 16,000 14,293
Nippon Carbon Company, Ltd. 30,000 72,770
Nippon Ceramic Company, Ltd. 6,400 61,743
Nippon Chemical Industrial Company, Ltd. 20,000 35,325
Nippon Chemi-Con Corp. 39,000 88,546
Nippon Chemiphar Company, Ltd. 5,000 14,990
Nippon Concrete Industries Company, Ltd. 15,000 17,520
Nippon Denko Company, Ltd. 21,000 91,650
Nippon Densetsu Kogyo Company, Ltd. 12,000 118,143
Nippon Denwa Shisetsu Company, Ltd. 10,000 27,252
Nippon Felt Company, Ltd. 5,000 20,799
Nippon Filcon Company, Ltd. 3,100 16,015
Nippon Fine Chemical Company, Ltd. 6,000 26,306
Nippon Flour Mills Company, Ltd. 35,000 158,736
Nippon Formula Feed Manufacturing    
Company, Ltd. * 22,000 21,655
Nippon Gas Company, Ltd. 7,300 97,396
Nippon Hume Corp. * 10,000 26,262
Nippon Jogesuido Sekkei Company, Ltd. 28 18,539
Nippon Kanzai Company, Ltd. 3,600 60,991

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Nippon Kasei Chemical Company, Ltd. 16,000 $ 21,092
Nippon Kayaku Company, Ltd. 44,000 216,670
Nippon Kinzoku Company, Ltd. 16,000 21,972
Nippon Koei Company, Ltd. 26,000 57,918
Nippon Konpo Unyu Soko Company, Ltd. 18,000 175,466
Nippon Koshuha Steel Company, Ltd. 17,000 16,512
Nippon Light Metal Company, Ltd. 165,000 158,484
Nippon Metal Industry Company, Ltd. 30,000 34,283
Nippon Paint Company, Ltd. 62,000 231,702
Nippon Parking Development Company, Ltd. 293 10,388
Nippon Pillar Packing Company, Ltd. 4,000 11,603
Nippon Piston Ring Company, Ltd. 13,000 12,823
Nippon Road Company, Ltd. 15,000 26,008
Nippon Seiki Company, Ltd. 10,000 65,269
Nippon Seisen Company, Ltd. 7,000 14,723
Nippon Shinyaku Company, Ltd. 14,000 164,796
Nippon Shokubai Company, Ltd. 39,000 216,925
Nippon Signal Company, Ltd. 16,100 97,984
Nippon Soda Company, Ltd. 38,000 114,168
Nippon Steel Trading Company, Ltd. 24,000 39,680
Nippon Suisan Kaisha, Ltd. 66,500 165,666
Nippon Synthetic Chemical Industry    
Company, Ltd. 20,000 47,024
Nippon System Development Company, Ltd. 12,500 112,157
Nippon Thompson Company, Ltd. 21,000 77,894
Nippon Valqua Industries, Ltd. 25,000 67,594
Nippon Yakin Kogyo Company, Ltd. 35,500 81,697
Nippon Yusoki Company, Ltd. 5,000 11,219
Nippon Zeon Company, LTD 51,000 150,909
Nipro Corp. 13,000 210,431
NIS Group Company, Ltd. * 37,913 16,285
Nishimatsu Construction Company, Ltd. 97,000 139,783
Nishimatsuya Chain Company, Ltd. 13,400 142,875
Nishi-Nippon Railroad Company, Ltd. 87,000 342,354
Nissan Shatai Company, Ltd. 26,000 157,185
Nissei Corp. 6,000 42,726
Nissei Plastic Industrial Company, Ltd. 4,000 10,969
Nissen Company, Ltd. 12,600 51,042
Nissha Printing Company, Ltd. 3,000 139,767
Nisshin Fudosan Company, Ltd. 3,000 5,728
Nisshin Oillio Group, Ltd. 37,000 177,421
Nissho Electronics Corp. * 7,700 43,159
Nissin Corp. 26,000 63,628
Nissin Electric Company, Ltd. 16,000 70,342
Nissin Kogyo Company, Ltd. 9,200 69,880
Nissin Sugar Manufacturing Company, Ltd. 12,000 28,173
Nissui Pharmaceutical Company, Ltd. 5,000 37,628
Nitta Corp. 6,600 93,501
Nittan Valve Company, Ltd. 4,000 11,806
Nittetsu Mining Company, Ltd. 17,000 51,959
Nitto Boseki Company, Ltd. 86,000 139,645
Nitto Kogyo Corp. 12,500 109,314
Nitto Kohki Company, Ltd. 3,700 65,083
Nitto Seiko Company, Ltd. 8,000 25,037
NIWS Company HQ, Ltd. * 124 0
NOF Corp. 47,000 150,690

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Nohmi Bosai, Ltd. 13,000 $ 125,164
Nomura Company, Ltd. 17,000 55,144
Noritake Company, Ltd. 31,000 103,282
Noritsu Koki Company, Ltd. 6,700 46,111
Noritz Corp. 9,100 99,430
Nosan Corp. 18,000 33,209
NS Solutions Corp. 5,000 64,150
Obayashi Road Corp. * 23,000 30,755
Oenon Holdings, Inc. 9,000 21,666
Oiles Corp. 8,500 115,148
Oita Bank, Ltd. 44,000 258,730
Okabe Company, Ltd. 17,000 72,753
Okamoto Industries, Inc. 22,000 76,365
Okamoto Machine Tool Works, Ltd. 7,000 7,449
Okamura Corp. 16,000 77,454
Okano Valve Manufacturing Company 4,000 15,127
Okasan Holdings, Inc. 52,000 216,369
Oki Electric Industry Company, Ltd. * 160,000 116,029
Okinawa Electric Power Company, Inc. 4,400 272,241
OKK Corp. 10,000 10,971
Okuma Holdings, Inc. 40,000 152,804
Okumura Corp. 47,000 190,493
Okura Industrial Company, Ltd. 8,000 20,157
Okuwa Company, Ltd. 7,000 100,899
Olympic Corp. 4,600 29,268
O-M, Ltd. 8,000 27,161
OMC Card, Inc. * 27,955 41,233
ONO Sokki Company, Ltd. 5,000 20,057
Onoken Company, Ltd. 4,500 44,032
Organo Corp. 10,000 61,676
Oriental Yeast Company, Ltd. 6,000 29,771
Origin Electric Company, Ltd. 6,000 14,002
Osaka Steel Company, Ltd. 8,400 102,362
Osaki Electric Company, Ltd. 10,000 56,921
OSG Corp. 20,400 144,921
Oyo Corp. 7,000 82,703
Pacific Industrial Company, Ltd. 12,000 31,490
Pacific Metals Company, Ltd. 40,000 175,171
PanaHome Corp. 24,000 133,286
Paramount Bed Company, Ltd. 5,000 70,789
Parco Company, Ltd. 18,800 156,631
Paris Miki, Inc. 9,200 86,443
Park24 Company, Ltd. 31,100 158,274
Pasco Corp. * 10,000 11,352
Pasona Group, Inc. 89 51,159
PCA Corp. 1,500 14,824
Penta-Ocean Construction Company, Ltd. * 74,000 83,505
PIA Corp. * 2,600 26,261
Pigeon Corp. 5,200 168,610
Pilot Corp. 46 84,472
Piolax, Inc. 3,800 55,808
Press Kogyo Company, Ltd. 31,000 44,052
Prima Meat Packers, Ltd. * 64,000 104,196
PS Mitsubishi Construction Company, Ltd. * 15,800 28,870
Q.P. Corp. 30,100 334,507
Raito Kogyo Company, Ltd. 9,900 17,598

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Rasa Industries, Ltd. 36,000 $ 48,194
Renown, Inc. * 8,000 10,636
Resort Solution Company, Ltd. 9,000 19,859
Resorttrust, Inc. 13,500 136,120
Rhythm Watch Company, Ltd. 53,000 50,228
Ricoh Leasing Company, Ltd. 4,800 68,077
Right On Company, Ltd. 3,900 65,472
Riken Corp. 25,000 58,325
Riken Keiki Company, Ltd. 4,000 23,972
Riken Technos Corp. 8,000 13,968
Riken Vitamin Company, Ltd. 2,000 57,512
Ringer Hut Company, Ltd. 4,800 58,511
Risa Partners, Inc. * 52 17,564
Rock Field Company, Ltd. 1,800 22,185
Rohto Pharmaceutical Company, Ltd. 22,000 287,103
Roland Corp. 6,100 61,273
Round One Corp. 107 50,583
Royal Holdings Company, Ltd. 10,100 105,404
Ryobi, Ltd. 40,000 89,860
Ryoden Trading Company, Ltd. 16,000 82,015
Ryosan Company, Ltd. 12,500 268,796
Ryoshoku, Ltd. 4,000 78,408
Ryoyo Electro Corp. 9,500 73,605
S Foods, Inc. 7,500 57,187
S Science Company, Ltd. 102,000 5,336
Sagami Chain Company, Ltd. 4,000 41,799
Sagami Railway Company, Ltd. 29,000 120,798
Saibu Gas Company, Ltd. 89,000 217,029
Saizeriya Company, Ltd. 10,800 124,824
Sakai Chemical Industry Company, Ltd. 29,000 67,559
Sakai Heavy Industries, Ltd. 9,000 13,064
Sakai Ovex Company, Ltd. * 20,000 18,325
Sakata INX Corp. 17,000 53,061
Sakata Seed Corp. 10,600 151,323
Sala Corp. 8,000 39,430
San-Ai Oil Company, Ltd. 19,000 70,010
Sanden Corp. 34,000 85,948
Sanei-International Company, Ltd. 4,100 41,205
Sanix, Inc. * 12,200 12,343
Sankei Building Company, Ltd. 11,000 38,926
Sanken Electric Company, Ltd. 32,000 110,358
Sanki Engineering Company, Ltd. 18,000 120,464
Sankyo Seiko Company, Ltd. 24,100 34,489
Sankyo-Tateyama Holdings, Inc. 82,000 78,665
Sanoh Industrial Company, Ltd. 8,700 35,690
Sanrio Company, Ltd. 12,100 99,899
Sanshin Electronics Company, Ltd. 9,000 74,812
Sanwa Shutter Corp. 70,000 237,284
Sanyo Chemical Industries, Ltd. 20,000 110,492
Sanyo Denki Company, Ltd. 15,000 35,977
Sanyo Shokai, Ltd. 29,000 127,784
Sanyo Special Steel Company, Ltd. 32,000 83,541
Sasebo Heavy Industries Company, Ltd. 32,000 49,150
Sato Corp. 7,300 81,268
Sato Shoji Corp. 6,000 38,882
Satori Electric Company, Ltd. 2,400 12,231

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Secom Techno Service Company, Ltd. 3,000 $ 73,886
Seibu Electric Industry Company, Ltd. 3,000 11,920
Seika Corp. 16,000 32,069
Seikagaku Corp. 11,500 118,168
Seiko Corp. 23,000 44,993
Seino Transportation Company, Ltd. 49,000 248,613
Seiren Company, Ltd. 19,400 90,768
Sekisui Jushi Corp. 12,000 85,516
Sekisui Plastics Company, Ltd. 34,000 107,744
Senko Company, Ltd. 24,000 101,126
Senshu Electric Company, Ltd. 1,500 15,406
Senshukai Company, Ltd. 13,300 100,477
Shibaura Mechatronics Corp. 8,000 30,904
Shibusawa Warehouse Company, Ltd. 17,000 88,523
Shibuya Kogyo Company, Ltd. 3,300 28,232
Shikibo, Ltd. 20,000 24,092
Shikoku Bank, Ltd. 55,000 259,844
Shikoku Chemicals Corp. 15,000 52,179
Shikoku Coca-Cola Bottling Company, Ltd. 4,900 41,908
Shima Seiki Manufacturing, Ltd. 7,400 140,428
Shimachu Company, Ltd. 15,000 362,047
Shimizu Bank, Ltd. 2,700 108,404
Shin Nippon Air Technologies Company, Ltd. 4,500 35,907
Shinagawa Refractories Company, Ltd. 16,000 28,868
Shindengen Electric Manufacturing    
Company, Ltd. 28,000 51,959
Shin-Etsu Polymer Company, Ltd. 14,700 60,210
Shinkawa, Ltd. 6,500 73,433
Shin-Keisei Electric Railway Company, Ltd. 10,000 36,188
Shinki Company, Ltd. * 30,500 16,673
Shinko Electric Company, Ltd. 24,000 67,141
Shinko Plantech Company, Ltd. 9,900 92,714
Shinko Shoji Company, Ltd. 6,900 45,397
Shinko Wire Company, Ltd. 11,000 20,161
Shin-Kobe Electric Machinery Company, Ltd. 12,000 93,323
Shinmaywa Industries, Ltd. 34,000 79,274
Shinnihon Corp. 8,000 6,733
Shinsho Corp. 13,000 23,320
Shinwa Kaiun Kaisha, Ltd. 21,000 51,041
Shiroki Corp. 26,000 60,492
Shizuki Electric Company, Inc. 8,000 13,873
Shizuoka Gas Company, Ltd. 14,000 76,723
SHO-BOND Holdings Company, Ltd. 4,200 80,502
Shobunsha Publications, Inc. 2,400 11,516
Shochiku Company, Ltd. 25,000 163,584
Shoko Company, Ltd. 20,000 22,920
Showa Aircraft Industry Company, Ltd. 3,000 14,908
Showa Corp. 18,700 76,307
Showa KDE Company, Ltd. 10,000 10,284
Showa Sangyo Company, Ltd. 33,000 98,888
Siix Corp. 4,000 11,485
Silver Seiko, Ltd. * 70,000 6,648
Sinanen Company, Ltd. 19,000 79,510
Sintokogio, Ltd. 13,300 83,429
SKY Perfect JSAT Corp. 475 180,667
SMK Corp. 21,000 61,401

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Snow Brand Milk Products Company, Ltd. 54,500 $ 194,130
SNT Corp. 7,000 26,157
Soda Nikka Company, Ltd. 4,000 13,858
Sodick Company, Ltd. 18,800 38,246
Soft99 Corp. 3,500 15,724
Sogo Medical Company, Ltd. 1,400 41,268
Sohgo Security Services Company, Ltd. 17,400 182,797
Sorun Corp. 4,700 27,577
Space Company, Ltd. 4,200 28,862
SRA Holdings, Inc. 3,300 24,875
SSP Company, Ltd. 16,000 106,336
ST Chemical Company, Ltd. 6,000 75,619
St. Marc Holdings Company, Ltd. 1,700 44,972
Star Micronics Company, Ltd. 10,900 110,414
Starzen Company, Ltd. 14,000 32,554
Stella Chemifa Corp. 2,900 30,338
Sugimoto & Company, Ltd. 2,000 19,327
Sumida Corp. 4,100 18,397
Suminoe Textile Company, Ltd. 11,000 14,461
Sumiseki Holdings Inc * 9,800 10,254
Sumisho Computer Systems Corp. 5,400 85,069
Sumitomo Bakelite Company, Ltd. 23,000 74,689
Sumitomo Densetsu Company, Ltd. 12,700 70,214
Sumitomo Forestry Company, Ltd. 39,400 260,322
Sumitomo Light Metal Industries, Ltd. 82,000 69,288
Sumitomo Mitsui Company, Ltd. * 77,600 52,742
Sumitomo Osaka Cement Company, Ltd. 134,000 273,120
Sumitomo Pipe & Tube Company, Ltd. 6,000 38,998
Sumitomo Precision Products Company, Ltd. 6,000 23,563
Sumitomo Real Estate Sales Company, Ltd. 2,600 65,923
Sumitomo Seika Chemicals Company, Ltd. 13,000 33,151
Sumitomo Warehouse Company, Ltd. 48,952 225,083
Sun Wave Corp. 11,000 15,535
Sunx, Ltd. 5,400 17,628
SWCC Showa Holdings Company, Ltd. 80,000 60,821
SxL Corp. * 25,000 10,526
SystemPro Company, Ltd. 49 20,769
T. Hasegawa Company, Ltd. 6,900 91,196
T. Rad Company, Ltd. 15,000 28,260
Tachibana Eletech Company, Ltd. 4,000 28,051
Tachikawa Corp. 4,600 21,867
Tachi-S Company, Ltd. 8,300 39,696
Tadano, Ltd. 25,000 129,021
Taihei Dengyo Kaisha, Ltd. 11,000 99,295
Taihei Kogyo Company, Ltd. 12,000 37,861
Taiheiyo Kaiun Company, Ltd. * 13,000 11,262
Taiheiyo Kouhatsu, Inc. * 31,000 16,614
Taiho Kogyo Company, Ltd. 10,100 45,579
Taikisha, Ltd. 10,000 126,428
Taisei Lamick Company, Ltd. 900 20,293
Taisei Rotec Corp. 18,000 22,121
Taiyo Yuden Company, Ltd. 33,000 175,708
Takagi Securities Company, Ltd. 15,000 15,628
Takamatsu Corp. 6,200 97,325
Takano Company, Ltd. 2,000 7,603
Takaoka Electric Manufacturing Company, Ltd. 18,000 21,199

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Takara Holdings, Inc. 37,000 $ 213,708
Takara Printing Company, Ltd. 3,300 28,223
Takara Standard Company, Ltd. 32,000 188,038
Takasago International Corp. 23,000 135,351
Takasago Thermal Engineering Company, Ltd. 18,000 167,970
Takiron Company, Ltd. 10,000 30,353
Takisawa Machine Tool Company, Ltd. 28,000 23,860
Takuma Company, Ltd. 26,000 50,476
Tamura Corp. 22,000 45,085
Tamura Taiko Holdings, Inc. 9,000 11,369
Tasaki Shinju Company, Ltd. 7,000 5,664
Tatsuta Electric Wire & Cable Company, Ltd. 12,000 32,186
Tayca Corp. 11,000 25,360
TBK Company, Ltd. 10,000 18,474
TCM Corp. 22,000 30,298
Teac Corp. * 67,000 26,785
Techno Ryowa, Ltd. 6,400 34,100
Tecmo, Ltd. 5,300 49,564
Teikoku Electric Manufacturing Company, Ltd. 2,000 23,318
Teikoku Piston Ring Company, Ltd. 4,800 18,636
Teikoku Sen-I Company, Ltd. 8,000 27,691
Teikoku Tsushin Kogyo Company, Ltd. 16,000 32,394
Tekken Corp. * 53,000 55,357
Telepark Corp. 44 45,639
Tenma Corp. 6,800 97,460
The Fuji Fire and Marine Insurance Company,    
Ltd. 43,000 73,492
The Hokkoku Bank, Ltd. 95,000 391,641
The Hyakugo Bank, Ltd. 47,282 284,761
The Nanto Bank, Ltd. 34,000 187,428
The Pack Corp. 6,600 88,859
The San-in Godo Bank, Ltd. 33,000 241,306
Tigers Polymer Corp. 2,000 8,533
TKC Corp. 4,900 87,901
TOA Corp. * 67,000 90,962
TOA Oil Company, Ltd. 22,000 21,524
TOA Road Corp. 15,000 15,929
Toagosei Company, Ltd. 58,000 144,381
Tobishima Corp. * 158,000 26,641
Tobu Store Company, Ltd. 14,000 50,562
TOC Company, Ltd. 29,500 120,568
Tocalo Company, Ltd. 4,300 34,560
Tochigi Bank, Ltd. 32,000 183,271
Toda Corp. 78,000 265,763
Toda Kogyo Corp. 9,000 19,548
Todentsu Corp. 6,000 10,082
Toei Company, Ltd. 16,000 66,448
Toenec Corp. 14,000 73,643
Tohcello Company, Ltd. 4,000 13,010
Toho Bank, Ltd. 57,000 227,069
Toho Company, Ltd. 12,000 39,271
Toho Real Estate Company, Ltd. 11,600 70,500
Toho Titanium Company, Ltd. 9,700 108,213
Toho Zinc Company, Ltd. 37,000 75,896
Tohoku Bank, Ltd. 15,000 23,054
Tohto Suisan Company, Ltd. 15,000 18,761

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Tokai Corp. 15,000 $ 66,325
Tokai Kanko Company, Ltd. * 62,000 18,260
Tokai Rubber Industries, Ltd. 12,800 102,793
Tokai Tokyo Securities Company, Ltd. 61,000 136,439
Tokimec, Inc. 13,000 15,832
Toko Electric Corp. 8,000 17,509
Toko, Inc. * 16,000 16,831
Tokushima Bank, Ltd. 26,000 114,102
Tokushu Tokai Holdings Company, Ltd. 45,000 128,820
Tokyo Dome Corp. * 44,000 140,538
Tokyo Electron Device, Ltd. 22 29,041
Tokyo Energy & Systems, Inc. 9,000 53,366
Tokyo Kikai Seisakusho, Ltd. 10,000 19,017
Tokyo Leasing Company, Ltd. 8,000 41,701
Tokyo Ohka Kogyo Company, Ltd. 14,500 215,861
Tokyo Rakutenchi Company, Ltd. 9,000 35,578
Tokyo Rope Manufacturing Company, Ltd. 34,000 68,486
Tokyo Sangyo Company, Ltd. 9,500 24,251
Tokyo Seimitsu Company, Ltd. 12,600 110,778
Tokyo Style Company, Ltd. 22,000 163,732
Tokyo Tekko Company, Ltd. 14,000 29,542
Tokyo Theatres Company, Inc. 33,000 62,962
Tokyo Tomin Bank (The), Ltd. 10,400 117,223
Tokyotokeiba Company, Ltd. 57,000 81,561
Tokyu Community Corp. 3,200 45,955
Tokyu Construction Company, Ltd. 22,940 56,935
Tokyu Livable, Inc. 6,600 28,594
Tokyu Recreation Company, Ltd. 6,000 33,034
Toli Corp. 10,000 21,179
Tomato Bank, Ltd. 27,000 59,803
Tomen Electronics Corp. 4,000 43,696
Tomoe Corp. 8,000 12,661
Tomoegawa Company, Ltd. * 17,000 23,647
Tomoku Company, Ltd. 16,000 27,406
Tomy Company, Ltd. 18,500 119,123
Tonami Transportation Company, Ltd. 27,000 64,786
Topcon Corp. 15,500 62,331
Toppan Forms Company, Ltd. 12,500 151,440
Topre Corp. 11,500 99,234
Topy Industries, Ltd. 58,000 109,865
Tori Holdings Company, Ltd. * 73,000 3,805
Torigoe Company, Ltd. 5,000 39,713
Torii Pharmaceutical Company, Ltd. 5,100 69,762
Torishima Pump Manufacturing Company, Ltd. 5,000 52,596
Toshiba Machine Company, Ltd. 33,000 105,735
Toshiba Plant Systems & Services Corp. 16,000 155,331
Tosho Printing Company, Ltd. 21,000 53,928
Totetsu Kogyo Company, Ltd. 6,000 32,229
Tottori Bank, Ltd. 27,000 80,699
Touei Housing Corp. 4,800 3,942
Towa Bank, Ltd. * 46,000 37,270
Towa Corp. 4,900 9,493
Towa Pharmaceutical Company, Ltd. 3,300 126,419
Towa Real Estate Development Company, Ltd. 47,000 28,223
Toyo Construction Company, Ltd. * 118,000 46,004
Toyo Corp. 11,000 143,744

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Toyo Electric Manufacturing Company, Ltd. 6,000 $ 26,862
Toyo Engineering Corp. 35,000 85,193
Toyo Ink Manufacturing Company, Ltd. 66,000 166,675
Toyo Kanetsu KK 50,000 87,219
Toyo Kohan Company, Ltd. 22,000 93,109
Toyo Machinery & Metal Company, Ltd. 4,000 7,161
Toyo Securities Company, Ltd. 19,000 33,101
Toyo Sugar Refining Company, Ltd. * 27,000 26,980
Toyo Tire & Rubber Company, Ltd. 40,000 86,276
Toyo Wharf & Warehouse Company, Ltd. 17,000 28,395
Toyobo Company, Ltd. 194,064 265,985
Trans Cosmos, Inc. 11,000 81,526
Trusco Nakayama Corp. 5,800 68,050
Tsubakimoto Chain Company, Ltd. 36,000 86,947
Tsubakimoto Kogyo Company, Ltd. 10,000 20,449
Tsudakoma Corp. 20,000 18,353
Tsugami Corp. 14,000 28,051
Tsukishima Kikai Company, Ltd. 7,000 51,530
Tsumura & Company, Ltd. 6,400 205,510
Tsurumi Manufacturing Company, Ltd. 4,000 25,898
Tsutsumi Jewelry Company, Ltd. 3,000 53,302
TTK Company, Ltd. 6,000 24,975
TYK Corp. 8,000 18,161
Ube Material Industries, Ltd. 12,000 23,613
Uchida Yoko Company, Ltd. 13,000 47,786
Unicharm Petcare Corp. 4,000 130,927
Uniden Corp. 19,000 35,090
Unimat Life Corp. 6,700 51,891
Union Tool Company, Ltd. 3,000 64,713
Unitika, Ltd. 114,000 76,921
U-Shin, Ltd. 10,400 55,936
Utoc Corp. * 4,300 13,754
Valor Company, Ltd. 9,900 88,496
Venture Link Company, Ltd. * 9,800 1,872
Vital-Net, Inc. 12,300 58,926
Wakachiku Construction Company, Ltd. * 17,000 6,789
Warabeya Nichiyo Company, Ltd. 5,800 89,940
Watabe Wedding Corp. 2,000 20,493
Watami Company, Ltd. 8,000 177,792
Weathernews, Inc. 1,900 24,408
Wood One Company, Ltd. 13,000 44,192
Xebio Company, Ltd. 6,600 127,393
Yahagi Construction Company, Ltd. 8,000 30,963
Yaizu Suisankagaku Industry Company, Ltd. 2,700 28,994
Yamagata Bank, Ltd. 41,000 262,835
Yamaichi Electronics Company, Ltd. 3,100 7,483
Yamanashi Chuo Bank, Ltd. 51,686 296,145
Yamatane Corp. 20,000 20,469
Yamazen Corp. 13,400 41,239
Yaoko Company, Ltd. 1,900 57,404
Yasuda Warehouse Company, Ltd. 4,000 37,830
Yellow Hat, Ltd. 3,600 16,022
Yodogawa Steel Works, Ltd. 50,000 202,110
Yokogawa Bridge Corp. 13,000 95,849
Yokohama Reito Company, Ltd. 16,000 104,137
Yokowo Company, Ltd. 2,800 13,808

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Japan (continued)    
Yomeishu Seizo Company, Ltd. 4,000 $ 34,747
Yomiuri Land Company, Ltd. 17,000 49,178
Yondenko Corp. 7,000 34,775
Yonekyu Corp. 6,000 65,908
Yorozu Corp. 6,800 53,478
Yoshimoto Kogyo Company, Ltd. 10,100 121,006
Yoshinoya D&C Company, Ltd. 116 118,950
Yuasa Funashoku Company, Ltd. 4,000 6,563
Yuasa Trading Company, Ltd. 50,000 46,909
Yuken Kogyo Company, Ltd. 14,000 27,684
Yuki Gosei Kogyo Comapny, Ltd. * 11,000 54,477
Yukiguni Maitake Company, Ltd. 8,500 30,516
Yuraku Real Estate Company, Ltd. 13,000 15,906
Yurtec Corp. 15,000 72,452
Yushin Precision Equipment Company, Ltd. 2,100 22,695
Yushiro Chemical Industry Company, Ltd. 3,300 52,705
Zenrin Company, Ltd. 5,000 49,381
Zensho Company, Ltd. 23,600 120,364
Zeria Pharmaceutical Company, Ltd. 10,000 105,965
Zuken, Inc. 7,800 53,614
    78,551,781
Luxembourg - 0.04%    
Thiel Logistik AG * 55,482 109,259
Netherlands - 1.95%    
Aalberts Industries NV 64,768 475,031
Accell Group NV 2,220 48,977
Arcadis NV (a) 15,371 140,914
ASM International NV * (a) 15,338 124,591
BE Semiconductor Industries NV * 9,412 22,037
Beter Bed Holding NV 4,270 44,779
Brunel International NV 2,953 32,522
Crown Van Gelder NV 2,756 21,112
Crucell NV, ADR * 8,469 111,791
Crucell NV * 8,466 112,476
Draka Holding NV 4,974 46,499
Eriks Group NV 3,577 130,896
Exact Holdings NV 3,687 62,608
Fornix Biosciences NV 1,231 11,031
Gamma Holding NV 586 7,888
Grontmij NV 3,818 74,056
Heijmans NV 4,595 22,666
ICT Automatisering NV 1,167 7,186
Imtech NV 47,994 737,463
InnoConcepts NV 4,554 32,682
KAS Bank NV 3,349 45,308
Kendrion NV 3,294 32,432
Koninklijke BAM Groep NV 49,657 353,292
Koninklijke Ten Cate NV 7,549 134,555
Koninklijke Vopak NV 9,587 278,865
Laurus NV * 23,428 80,523
Macintosh Retail Group NV 3,032 28,392
Nederlandsche Apparatenfabriek NEDAP NV 441 8,409
Nutreco Holding NV 11,111 361,237
Oce NV 17,667 78,216
OPG Groep NV 23,944 276,744

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Netherlands (continued)    
Ordina NV 10,287 $ 32,250
Samas NV * (a) 11,681 11,197
Sligro Food Group NV 6,726 124,179
Smit Internationale NV 4,405 245,219
Telegraaf Media Groep NV 8,432 103,371
TKH Group NV 8,719 88,864
Unit 4 Agresso NV 5,229 54,100
USG People NV 19,251 213,127
Van der Moolen Holding NV * 13,465 52,351
Wavin NV 16,521 57,343
    4,927,179
New Zealand - 0.60%    
Air New Zealand, Ltd. 79,131 38,904
Ebos Group, Ltd. 3,016 7,062
Fisher & Paykel Appliances Holdings, Ltd. 73,674 55,793
Fisher & Paykel Healthcare Corp. 141,320 239,670
Freightways, Ltd. 29,559 47,355
Hallenstein Glasson Holdings, Ltd. 11,055 13,910
Hellaby Holdings, Ltd. 12,711 9,666
Infratil, Ltd. 128,127 120,144
Mainfreight, Ltd. 25,914 69,108
New Zealand Exchange, Ltd. 2,000 6,326
New Zealand Oil & Gas, Ltd. 76,725 55,272
New Zealand Refining Company, Ltd. 34,998 122,950
Nuplex Industries, Ltd. 26,165 53,977
PGG Wrightson, Ltd. 36,403 32,552
Port of Tauranga, Ltd. 22,511 73,100
Pumpkin Patch, Ltd. 30,500 19,147
Ryman Healthcare, Ltd. 122,620 98,953
Sanford, Ltd. 9,723 28,540
Sky City Entertainment Group, Ltd. 165,036 287,283
Steel & Tube Holdings, Ltd. 7,400 11,021
Tower, Ltd. 50,845 43,469
Vector, Ltd. 80,922 88,464
    1,522,666
Norway - 1.21%    
Acta Holding ASA 30,000 12,208
Aktiv Kapital ASA 5,600 43,626
Austevoll Seafood ASA 29,000 44,092
Birdstep Technology ASA * 21,000 8,464
Blom ASA * 7,600 14,883
Bonheur ASA 3,950 70,193
BW GAS, Ltd. * 13,500 33,094
BW Offshore, Ltd. * 64,000 53,787
Camillo Eitzen & Company ASA 5,800 17,947
Cermaq ASA 17,800 77,055
Copeinca ASA * 15,800 22,628
CorrOcean ASA * 70,000 36,233
Det Norske Oljeselskapb ASA * 260,900 244,058
DOF ASA 9,100 48,191
DOF Subsea ASA * 13,900 70,285
EDB Business Partner ASA 15,000 22,522
Eitzen Chemical ASA * 26,000 43,923
Ekornes ASA 10,400 106,350
Electromagnetic GeoServices ASA * 2,600 1,532

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Norway (continued)    
Eltek ASA * (a) 14,600 $ 12,484
Ementor ASA * 22,653 52,843
Farstad Shipping ASA 4,400 51,820
Ganger Rolf ASA 5,960 105,714
Kongsberg Automotive ASA * 15,000 4,086
Kverneland Gruppen ASA * 19,000 12,305
Nordic Semiconductor ASA * 7,500 18,661
Norse Energy Corp. ASA * 62,000 35,719
Norske Skogindustrier ASA * (a) 51,000 124,071
Norwegian Air Shuttle ASA * 2,792 11,096
Odfjell ASA 6,507 45,856
ODIM ASA * 7,900 36,546
Pan Fish ASA * 959,431 137,964
Petrolia Drilling ASA * 165,000 19,143
PhotoCure ASA * 1,408 5,350
ProSafe ASA * 60,784 229,078
Prosafe Production Public, Ltd. * 8,635 11,255
Q-Free ASA * 22,000 22,843
Revus Energy ASA * 10,300 155,780
Scana Industrier ASA 28,000 26,997
Schibsted ASA 17,500 188,839
Sevan Marine ASA * (a) 55,533 79,724
Solstad Offshore ASA 4,000 40,470
Songa Offshore ASA * 22,500 57,031
Sparebanken Midt-Norge 18,015 80,193
TGS Nopec Geophysical Company ASA * 32,000 210,335
Tomra Systems ASA 42,721 146,496
TTS Marine ASA 6,100 18,244
Veidekke ASA 26,700 77,610
Wilhelm Wilhelmsen ASA 5,400 71,162
    3,060,786
Portugal - 0.53%    
Altri SGPS SA (a) 12,342 37,535
Banco BPI SA 86,043 159,173
Finibanco Holding SGPS SA 5,017 17,975
Impresa, SGPS SA * 29,906 26,787
Investimentos Participacoes e Gestao SA * 57,093 30,589
Mota Engil, SGPS SA 29,599 89,149
Novabase SGPS SA * 7,943 44,529
Pararede SGPS SA * 19,555 16,938
Portucel - Empresa Produtora de Pasta e    
Papel SA 112,684 208,637
PT Multimedia.com, SGPS, SA (a) 67,195 327,680
SAG GEST-Solucoes Automovel Globais    
SGPS SA 9,334 15,020
Semapa-Sociedade de Investimento &    
Gestao, SGPS SA 25,623 214,885
Sonae Industria, SGPS SA 21,800 44,924
Sonae, SGPS, SA 42,153 22,204
Sonaecom, SGPS SA * 36,742 48,969
Teixeira Duarte-Engenharia & Construcoes SA 37,298 30,247
    1,335,241
Singapore - 1.08%    
Allgreen Properties, Ltd. 258,000 68,868
Asia Food & Properties, Ltd. * 464,000 46,385
ASL Marine Holdings, Ltd. 37,000 9,638

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Singapore (continued)    
Beyonics Technology, Ltd. 178,000 $ 13,567
Bonvests Holdings, Ltd. 56,400 19,010
Bukit Sembawang Estates, Ltd. 18,000 48,144
Cerebos Pacific, Ltd. 22,000 41,026
CH Offshore, Ltd. 136,000 23,033
Chartered Semiconductor Manufacturing,    
Ltd., ADR * (a) 11,031 13,568
Chartered Semiconductor Manufacturing, Ltd. * 191,000 24,210
China Merchants Holdings Pacific, Ltd. 70,000 18,688
Chip Eng Seng Corp., Ltd. 107,000 11,045
Chuan Hup Holdings, Ltd. 192,000 25,028
Creative Technology, Ltd. * 15,150 36,340
CSC Holdings, Ltd. 191,000 10,216
CSE Global, Ltd. 113,000 27,299
CWT, Ltd. 31,000 7,236
Delong Holdings, Ltd. 45,500 18,527
Ezra Holdings, Ltd. 82,000 30,336
FJ Benjamin Holdings, Ltd. 66,000 6,184
Food Empire Holdings, Ltd. 52,800 11,205
Fu Yu Corp., Ltd. * 220,000 7,276
Furama, Ltd. 12,000 6,389
Goodpack, Ltd. 57,000 37,865
Guocoland, Ltd. 79,300 67,353
Hersing Corp., Ltd. 88,000 12,923
Hi-P International, Ltd. 80,000 15,437
Ho Bee Investment, Ltd. 128,000 28,625
Hong Fok Corp., Ltd. * 74,800 7,976
Hong Leong Asia, Ltd. 43,000 15,014
Hotel Plaza, Ltd. 60,000 50,063
Hotel Properties, Ltd. 67,100 39,755
HTL International Holdings, Ltd. * 57,000 3,026
HupSteel, Ltd. 100,000 11,988
Hwa Hong Corp., Ltd. 92,000 21,106
Hyflux, Ltd. 62,000 63,013
Innotek, Ltd. 65,000 7,954
Jaya Holdings, Ltd. 102,000 19,294
Jurong Technologies Industrial Corp., Ltd. 83,200 4,967
K1 Ventures, Ltd. 374,000 34,531
Keppel Telecommunications & Transportation    
Company, Ltd. 47,000 22,808
Kim Eng Holdings, Ltd. 113,795 75,708
KS Energy Services Ltd 48,000 16,454
Low Keng Huat Singapore, Ltd. 110,000 9,823
Manhattan Resources, Ltd. * 61,000 13,232
MediaRing, Ltd. * (a) 145,000 5,842
Metro Holdings, Ltd. 118,000 28,285
MFS Technology, Ltd. 56,000 5,186
Midas Holdings, Ltd. 77,000 24,299
MobileOne, Ltd. 116,000 97,186
NatSteel, Ltd. 41,000 24,137
Orchard Parade Holdings, Ltd. 70,000 24,219
Osim International, Ltd. * 81,000 4,039
Pan-United Corp., Ltd. 61,000 14,704
Parkway Holdings, Ltd. 226,000 193,637
Petra Foods, Ltd. 46,000 10,985
Raffles Education Corp., Ltd. 280,000 82,309
Rotary Engineering, Ltd. 57,000 8,504

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Singapore (continued)    
SBS Transit, Ltd. 29,500 $ 32,983
SC Global Developments, Ltd. 55,000 20,148
Sim Lian Group, Ltd. 42,000 7,985
Singapore Food Industries, Ltd. 68,000 40,825
Singapore Land, Ltd. 48,000 111,715
Singapore Post, Ltd. 341,000 171,796
Singapore Reinsurance Corp., Ltd. 72,000 7,199
Singapore Shipping Corp., Ltd. 90,000 11,326
Sinomem Technology, Ltd. * 76,000 5,588
SP Chemicals, Ltd. 73,500 34,020
Sunningdale Tech, Ltd. 200,000 7,307
Tat Hong Holdings, Ltd. 76,000 26,461
TT International, Ltd. * 190,000 3,180
Tuan Sing Holdings, Ltd. * 188,000 11,965
United Engineers, Ltd. 39,000 29,351
United Overseas Land, Ltd. 121,000 165,079
UOB-Kay Hian Holdings, Ltd. 75,000 45,755
Venture Corp., Ltd. 65,000 177,565
WBL Corp., Ltd. 30,000 58,648
Wheelock Properties (S), Ltd. 106,000 59,560
Wing Tai Holdings, Ltd. 167,300 78,312
Yongnam Holdings, Ltd. * 247,000 11,481
    2,743,714
South Korea - 0.00%    
Pantech & Curitel Communications, Inc. * 882 0
Pantech Company, Ltd. * 1,112 0
Spain - 2.42%    
Abengoa SA 12,595 184,230
Adolfo Dominguez SA 1,580 13,345
Amper SA 6,189 33,866
Antena 3 de Television SA 25,273 142,648
Avanzit SA * 25,467 29,918
Azkoyen SA * 6,990 25,426
Banco Guipuzcoano SA 38,237 279,959
Banco Pastor SA 51,168 342,133
Baron de Ley SA * 1,392 65,310
Campofrio Alimentacion SA 7,918 77,622
Cementos Portland Valderrivas SA 3,931 119,208
Construcciones & Auxiliar de Ferrocarriles SA 616 177,054
Corporacion Dermoestetica SA * 3,631 16,619
Duro Felguera SA 12,223 63,260
Ebro Puleva SA 33,725 443,215
Elecnor SA * 11,278 123,778
Ercros SA * 305,710 66,374
FAES FARMA, SA 51,074 252,980
General de Alquiler de Maquinaria * 6,056 43,721
Gestevision Telecinco SA 2,864 25,316
Grupo Catalana Occidente SA 18,347 305,841
Grupo Empresarial Ence SA 34,402 138,389
Iberia Lineas Aereas de Espana SA 170,106 422,728
Iberpapel Gestion SA 2,124 32,149
La Seda de Barcelona SA 199,812 97,423
Mecalux SA * 3,385 57,927
Miquel y Costas SA 3,706 51,231
Natra SA 4,190 25,612

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Spain (continued)    
Natraceutical SA * 49,023 $ 34,452
NH Hoteles SA 21,220 118,077
Obrascon Huarte Lain SA 13,227 152,892
Papeles & Cartones de Europa SA * 10,706 44,400
Pescanova SA 1,698 58,032
Prim SA 2,850 19,474
Prim SA * 285 1,970
Promotora de Informaciones SA 31,820 115,800
Prosegur Cia de Seguridad SA 7,799 221,013
Service Point Solutions SA * 25,764 24,791
Sociedad Nacional Inds., Aplicaciones    
Celulosa Espanola SA * 18,863 22,571
Sol Melia SA 21,913 134,149
SOS Cuetara SA 12,361 185,753
Tavex Algodonera SA * 8,440 5,719
Tecnicas Reunidas SA 4,345 101,204
Tecnocom, Telecomunicaciones & Energia SA * 9,491 40,508
Tubacex SA 34,476 118,220
Tubos Reunidos SA 59,205 176,479
Unipapel SA 2,109 26,215
Urbas Proyectos Urbanisticos SA * 10,449 1,891
Vertice Trescientos Sesenta Grados * 1,265 1,046
Vidrala SA 5,408 109,117
Viscofan SA 18,944 355,852
Vocento SA 23,625 119,738
Zeltia SA * 57,790 277,429
    6,124,074
Sweden - 1.72%    
AarhusKarlshamn AB 8,830 127,707
Acando AB, Series B 14,000 18,449
Active Biotech AB * 4,550 18,051
AddTech AB, Series B 3,800 36,403
Angpanneforeningen AB, Series B 3,400 46,040
Anoto Group AB * 31,000 7,857
Axfood AB 8,250 173,201
Axis Communications AB 9,900 87,890
BE Group AB 7,800 17,207
Beijer Alma AB 5,200 39,314
Beijer Electronics AB 1,777 20,199
Bergman & Beving AB, Series B 6,950 51,829
Bilia AB, Series A 5,300 12,614
Billerud Aktibolag AB 11,500 38,972
BioGaia AB * 5,360 21,065
Biotage AB * 25,000 19,158
Biovitrum AB * 8,300 48,948
Bong Ljungdahl AB, Series B 4,000 6,321
Brostrom AB 18,100 121,950
Cardo AB 6,500 89,125
Clas Ohlson AB, Series B 7,150 50,398
Cloetta AB Class B * 6,055 0
Cloetta Fazer AB 6,055 156,823
Concordia Maritime AB, Series B 6,500 11,764
D. Carnegie & Company AB 52,789 115,613
Elekta AB, Series B 24,800 263,013
Enea AB * 63,903 178,856
Eniro AB (a) 19,745 34,078

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Sweden (continued)    
Fagerhult AB 600 $ 9,579
G & L Beijer AB 2,000 31,359
Gunnebo AB 5,274 11,494
Hakon Invest AB 11,296 108,915
Haldex AB 8,300 28,993
Hemtex AB 3,578 10,308
HIQ International AB 18,000 52,425
Hoganas AB, Series B 9,500 91,500
Holmen AB, Series B 18,900 456,857
Industrial & Financial Systems AB 5,600 22,148
Indutrade AB 5,550 65,005
Intrum Justitia AB 16,500 147,431
JM AB 24,127 93,156
KappAhl Holding AB * 13,900 48,318
Lagercrantz AB 4,000 10,636
Lindab International AB 19,300 121,717
Medivir AB * 4,800 27,921
Mekonomen AB 2,200 19,162
Micronic Laser Systems AB * 7,700 8,120
Munters AB 14,350 54,818
NCC AB 22,448 108,408
Net Insight AB * 50,000 20,339
New Wave Group AB, Series B 6,000 7,225
Nibe Industrier AB, Series B 19,700 97,599
Nobia AB 42,800 77,531
Nolato AB, Series B 4,700 19,632
OEM International AB, Series B 13,900 66,123
ORC Software AB 1,800 16,191
PA Resources AB * 33,946 53,278
Peab AB, Series B 27,100 60,630
Peab Industri AB 8,800 26,745
Proffice AB * 10,000 12,317
Q-Med AB 14,300 65,228
Rederi AB Transatlantic, Series B 9,000 27,708
Rezidor Hotel Group AB 33,400 73,123
RNB Retail & Brands AB 41,200 16,236
Semcon AB * 4,200 9,180
Sensys Traffic AB * 60,000 18,215
Sintercast AB * 1,700 9,797
Skanditek Industriforvaltning AB 9,500 18,911
SkiStar AB, Series B 5,100 44,275
Studsvik AB 1,200 9,417
Sweco AB, Series B 13,000 62,224
Teleca AB, Series B * 14,200 5,650
TradeDoubler AB 6,000 26,493
Trelleborg AB, Series B (a) 28,820 155,803
    4,340,985
Switzerland - 5.20%    
Advanced Digital Broadcast Holdings SA * 1,275 28,558
AFG Arbonia-Forster Holding AG 528 63,495
Allreal Holding AG 2,415 212,767
Also Holding AG 779 25,771
Aryzta AG * 1,332 35,604
Ascom Holding AG * 7,392 43,790
Bachem Holding AG 999 61,484
Bank Coop AG 2,383 144,273

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Bank Sarasin & Compagnie AG, Series B 14,334 $ 352,517
Banque Cantonale de Geneve 76 13,775
Banque Cantonale Vaudoise, Series B * 960 267,977
Banque Privee Edmond de Rothschild SA 1 24,290
Basilea Pharmaceutica AG * 2,093 194,887
Basler Kantonalbank 564 53,224
Belimo Holding AG 105 66,081
Bell Holding AG 77 76,891
Berner Kantonalbank * 1,515 280,015
Bobst Group AG 2,924 88,525
Bossard Holding AG 1,000 43,194
Bucher Industries AG 1,890 157,943
Burckhardt Compression Holding AG 644 80,018
Card Guard AG * 1,457 9,947
Centralschweizerische Kraftwerke AG 369 129,494
Charles Voegele Holding AG * 2,665 77,501
Ciba Holding AG 15,988 650,875
Clariant AG * 90,231 554,478
Coltene Holding AG * 3,598 0
Conzzeta Holding AG 70 100,537
Cytos Biotechnology AG * 1,298 26,039
Daetwyler Holding AG * 2,100 74,577
Dufry Group AG 1,867 44,862
Eichhof Holding AG 21 4,705
Elektrizitaets-Gesellschaft Laufenburg AG 86 65,555
Emmi AG 663 54,904
EMS-Chemie Holding AG 3,454 256,938
Energiedienst Holding AG * 2,959 126,741
Flughafen Zuerich AG 1,453 329,548
Forbo Holding AG * 755 146,055
Galenica Holding AG (a) 1,642 463,434
Georg Fischer AG * 1,441 276,034
Gurit Heberlein AG 475 152,039
Helvetia Patria Holding AG 1,731 294,002
Industrieholding Cham AG * 133 28,046
Interroll Holding AG * 144 31,327
Jelmoli Holding AG * 177 266,195
Kaba Holding AG, Series B 621 126,250
Kardex AG * 1,244 30,723
Komax Holding AG 999 49,034
Kudelski SA 11,049 109,701
Kuoni Reisen Holding AG, Series B 3,158 837,579
LEM Holding SA 350 40,031
Luzerner Kantonalbank AG 792 160,967
Medisize Holding AG 3,598 154,338
Meyer Burger Technology AG * 641 69,098
Mobilezone Holding AG 8,109 46,690
Mobimo Holding AG * 1,246 143,753
Orell Fuessli Holding AG 223 31,141
Partners Group Holding AG 3,086 185,721
Phoenix Mecano AG 185 52,948
Precious Woods Holding AG * 632 20,055
PubliGroupe SA 515 33,290
Quadrant AG * 737 38,816
Rieter Holding AG 1,205 183,441
Romande Energie Holding SA 187 277,113

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Schaffner Holding AG * 90 $ 10,820
Schulthess Group AG 805 26,215
Schweiter Technologies AG 263 83,885
Schweizerhall Holding AG 533 98,770
Schweizerische    
National-Versicherungs-Gesellschaft AG * 329 167,143
Sia Abrasives Holding AG 193 68,917
Siegfried Holding AG 595 46,196
St. Galler Kantonalbank 993 318,153
Sulzer AG 8,112 435,186
Swissfirst AG 1,224 40,400
Swisslog Holding AG * 60,097 26,026
Swissquote Group Holding SA * 1,660 51,555
Tamedia AG 591 27,029
Tecan Group AG * 2,658 98,363
Temenos Group AG * (a) 18,374 231,743
Tornos SA * 2,391 12,010
Valiant Holding AG 6,014 987,425
Valora Holding AG 1,019 127,398
Vaudoise Assurances Holding SA 226 28,129
Verwaltungs & Privat Bank AG 5,047 661,112
Vontobel Holding AG 12,993 263,706
VZ Holding AG 1,197 46,498
WMH Walter Meier AG, Series A * 120 6,434
Ypsomed Holding AG * 908 62,986
Zehnder Group AG 82 54,732
Zuger Kantonalbank 41 118,224
    13,168,656
United Kingdom - 15.90%    
A.G. Barr PLC 2,441 41,456
Abacus Group PLC 13,889 11,178
Aberdeen Asset Management PLC 223,071 310,821
Acal PLC 5,883 9,425
AEA Technology PLC * 18,852 6,958
Aegis Group PLC 298,549 289,983
Aga Rangemaster Group PLC 17,247 16,558
Aggreko PLC 98,123 678,790
Alexon Group PLC 6,881 1,482
Alizyme PLC * 58,896 8,737
Alphameric PLC * 33,484 8,132
Amlin PLC 150,810 854,546
Anglo Pacific Group PLC 35,012 53,900
Anglo-Eastern Plantations PLC 3,369 13,806
Anite Group PLC 79,733 28,913
Antisoma PLC * 137,552 50,592
ARC International PLC * 45,915 8,888
Arena Leisure PLC 50,686 19,106
Aricom PLC * 289,439 35,882
Ark Therapeutics Group PLC * 32,845 18,838
Arm Holdings PLC, ADR 133,112 592,348
Arriva PLC 60,849 600,180
Aryzta AG * 12,094 321,598
Ashtead Group PLC 175,651 100,988
Aveva Group PLC 18,285 148,146
Avis Europe PLC * 85,382 6,613
Avon Rubber PLC 11,107 5,590

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Axis-Shield PLC * 13,255 $ 62,094
Axon Group PLC 13,826 136,866
Babcock International Group PLC 74,692 552,792
Barratt Developments PLC 92,311 66,380
BBA Aviation PLC 133,833 162,520
Beazley Group PLC 118,130 203,603
Bellway PLC 36,565 287,595
Berkeley Group Holdings PLC * 32,836 427,490
Bespak PLC 7,040 45,259
Biocompatibles International PLC * 10,935 20,347
Blacks Leisure Group PLC 5,193 3,519
Bloomsbury Publishing PLC 15,244 36,257
BlueBay Asset Management PLC 18,457 19,654
Bodycote International PLC 295,612 473,945
Bovis Homes Group PLC 39,503 191,640
BPP Holdings PLC 8,591 43,600
Braemar Seascope Group PLC 1,189 4,384
Brammer PLC 13,505 27,002
Brewin Dolphin Holdings PLC 41,062 63,359
Brit Insurance Holdings PLC 109,974 344,805
British Polythene Industries PLC 4,400 11,811
Britvic PLC 52,403 186,324
BSS Group PLC 36,568 131,351
BTG PLC * 43,947 113,870
Business Post Group PLC 6,109 23,394
Capital & Regional PLC 14,846 17,465
Care UK PLC 18,019 70,794
Carillion PLC 153,296 513,316
Carpetright PLC 8,793 50,437
Castings PLC 7,764 16,865
Catlin Group, Ltd. 85,047 565,311
Centaur Media PLC 37,860 24,271
Charles Stanley Group PLC 5,789 13,812
Charles Taylor Consulting PLC 5,241 14,144
Charter International PLC 22,903 107,961
Chemring Group PLC 8,354 241,090
Chesnara PLC 28,486 51,936
Chime Communications PLC 5,000 5,080
Chloride Group PLC 46,548 103,436
Chrysalis Group PLC * 7,473 7,501
Clarkson PLC 3,067 17,825
Clinton Cards PLC 33,476 4,110
Close Brothers Group PLC 47,653 350,794
Collins Stewart PLC 49,196 30,515
Colt Telecom Group PLC * 73,320 67,212
Communisis PLC 29,820 17,738
Computacenter PLC 34,471 36,637
Connaught PLC 30,235 172,727
Cookson Group PLC 59,133 100,967
Corin Group PLC 4,524 3,096
Costain Group PLC 147,453 43,905
Cranswick PLC 14,947 133,062
Creston PLC 10,587 4,241
Croda International PLC 34,453 239,361
CSR PLC * 39,854 103,985
D.S. Smith PLC 179,314 156,657

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Daily Mail and General Trust PLC 103,028 $ 469,767
Dairy Crest Group PLC 46,378 142,052
Dana Petroleum PLC * 23,597 317,359
Davis Service Group PLC 55,047 196,633
Dawson Holdings PLC 18,937 14,174
De La Rue Plc Group * 23,799 312,222
Debenhams PLC 317,058 119,049
Dechra Pharmaceuticals PLC 20,895 115,607
Delta PLC 57,839 66,572
Development Securities PLC 14,917 59,295
Devro PLC 33,835 39,233
Dicom Group PLC 23,156 38,760
Dignity PLC 21,714 212,674
Dimension Data Holdings PLC 442,473 243,339
Diploma PLC 29,370 47,401
Dixons Group PLC 614,436 111,034
Domino Printing Sciences PLC 29,115 74,332
DTZ Holdings PLC 19,551 10,529
Dunelm Group PLC 6,499 14,517
E2V Technologies PLC 13,926 32,939
Electrocomponents PLC 133,547 300,105
Elementis PLC 144,030 102,155
Emerald Energy PLC * 6,316 34,054
Ennstone PLC 77,985 1,806
Entertainment Rights PLC * 92,761 1,568
Euromoney Institutional Investor PLC 19,007 71,255
Evolution Group PLC 61,725 66,283
F&C Asset Management PLC 110,863 92,843
Fenner PLC 51,492 57,304
Filtrona PLC 77,980 143,917
Filtronic PLC * 7,589 2,879
Findel PLC 15,671 21,701
Forth Ports PLC 10,700 140,556
Fortune Oil PLC * 359,509 40,125
French Connection Group PLC 23,390 13,311
Fuller Smith & Turner PLC 8,112 44,644
Future PLC 44,714 9,621
Galiform PLC 112,844 28,919
Galliford Try PLC 100,742 47,027
Game Group PLC 182,118 439,793
Genus PLC 16,764 175,099
Go-Ahead Group PLC 10,036 193,685
Goldshield Group PLC 6,425 19,814
Grafton Group PLC * 85,264 240,223
Greene King PLC 27,045 163,552
Greggs PLC 2,083 102,453
Halfords Group PLC 59,177 218,944
Halma PLC 98,642 270,847
Hampson Industries PLC 46,761 75,114
Hansard Global PLC 11,952 19,028
Hardy Oil & Gas PLC * 12,212 43,348
Hardy Underwriting Bermuda, Ltd. 7,824 32,208
Hargreaves Lansdown PLC 48,528 117,230
Hays PLC 572,910 649,266
Headlam Group PLC 26,325 84,890
Helical Bar PLC 23,786 97,735

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Helphire PLC 49,785 $ 70,634
Henderson Group PLC 193,512 163,687
Henry Boot PLC 22,990 17,265
Hikma Pharmaceuticals PLC 31,690 135,661
Hill & Smith Holdings PLC 19,511 49,922
Hiscox PLC 151,075 721,976
HMV Group PLC 132,768 243,197
Hochschild Mining PLC 27,852 38,830
Hogg Robinson Group PLC 39,788 7,062
Holidaybreak PLC 9,477 26,880
Homeserve PLC 37,619 554,474
Hunting PLC 30,753 195,419
Huntsworth PLC 22,389 12,528
Hyder Consulting PLC 9,707 26,081
IG Group Holdings PLC 113,408 392,425
Imagination Technologies Group PLC * 42,827 29,525
IMI PLC 108,003 428,275
Imperial Energy Corp. PLC * 26,019 399,247
Inchcape PLC 24,252 23,631
Informa PLC 165,038 517,594
Innovation Group PLC 119,179 9,145
Intec Telecom Systems PLC * 40,144 17,629
Intermediate Capital Group PLC 35,414 431,205
International Personal Finance PLC 80,239 173,059
Interserve PLC 43,366 138,473
Intertek Group PLC 51,363 597,855
ITE Group PLC 55,431 59,739
J.D. Wetherspoon PLC (a) 24,171 111,723
James Fisher & Sons PLC 11,043 73,228
Jardine Lloyd Thompson Group PLC 49,547 381,884
JJB Sports PLC 64,418 25,885
JKX Oil & Gas PLC 56,800 130,970
John Menzies PLC 7,960 13,719
Johnston Press PLC 162,592 18,982
Keller Group PLC 19,354 145,670
Kesa Electricals PLC 163,292 200,822
Kier Group PLC 10,986 150,678
Kingston Communications PLC 123,424 22,879
Laird Group PLC 48,620 66,680
Laura Ashley Holdings PLC 68,094 13,479
Lavendon Group PLC 9,915 21,256
Liontrust Asset Management PLC 5,127 9,508
Logica PLC 566,358 578,319
Lookers PLC 35,795 16,253
Low & Bonar PLC 45,266 28,237
LSL Property Services PLC 7,930 6,172
Luminar Group Holdings PLC 26,199 72,828
M.J. Gleeson Group PLC 11,305 13,282
Management Consulting Group PLC 104,375 41,897
Manganese Bronze Holdings PLC 3,263 6,277
Marshalls PLC 38,912 44,791
Marston's PLC 71,152 116,282
McBride PLC 45,783 88,425
Medusa Mining, Ltd. * 31,637 13,244
Melrose PLC 136,734 165,935
Melrose Resources PLC 17,369 55,110

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Metalrax Group PLC * 29,412 $ 3,388
Michael Page International PLC 81,821 270,609
Micro Focus International PLC 30,657 121,000
Millennium & Copthorne Hotels PLC 56,178 170,609
Minerva PLC * 48,210 10,623
Misys PLC 137,007 204,342
Mitie Group PLC 86,322 282,897
Morgan Crucible Company PLC 71,096 103,445
Morgan Sindall PLC 13,744 104,687
Morse PLC 17,420 2,055
Mothercare PLC 27,714 126,086
Mouchel Parkman PLC 27,771 116,930
MWB Group Holdings PLC * 24,660 17,051
N. Brown Group PLC 53,451 157,821
National Express Group PLC 43,886 382,967
New Star Asset Management Group, Ltd. 18,154 3,919
Northern Foods PLC 153,388 124,436
Northgate PLC 23,512 53,545
Northumbrian Water Group PLC 65,840 265,808
Novae Group PLC 16,766 82,053
Oxford Biomedica PLC * 90,000 8,399
Oxford Instruments PLC 9,649 18,888
Pace Micro Technology PLC * 44,430 29,764
Paypoint PLC 15,414 116,305
Pendragon PLC 119,021 8,481
Phoenix IT Group, Ltd. 9,852 22,247
Photo-Me International PLC 22,753 4,813
Pinewood Shepperton PLC 8,060 18,583
Premier Farnell PLC 95,089 203,770
Premier Foods PLC 257,351 86,233
Premier Oil PLC * 22,418 261,488
Prostrakan Group PLC * 2,053 2,681
Protherics PLC * 91,365 67,708
Provident Financial PLC 44,097 584,675
Psion PLC 30,129 21,267
Punch Taverns PLC 60,285 118,090
PV Crystalox Solar PLC 68,005 119,930
PZ Cussons PLC 84,273 159,976
Qinetiq PLC 191,644 512,700
Quintain Estates & Development PLC 40,357 22,723
Rank Group PLC * 117,546 108,701
Rathbone Brothers PLC 10,169 115,866
Raymarine PLC 13,480 3,544
REA Holdings PLC 2,127 7,322
Redrow PLC 47,467 142,158
Regus PLC 350,046 312,245
Renishaw PLC 11,721 95,813
Rensburg Sheppards PLC 5,718 34,301
Restaurant Group PLC 47,761 88,662
Ricardo PlC 16,197 53,408
Rightmove PLC 14,759 43,289
RM PLC 13,965 34,460
Robert Walters PLC 17,416 22,503
Robert Wiseman Dairies PLC 9,457 43,260
ROK PLC 47,492 13,907
Rotork PLC 23,227 279,520

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Royalblue Group PLC 5,481 $ 42,236
RPC Group PLC 19,627 37,183
RPS Group PLC 59,899 116,721
Salamander Energy PLC * 26,350 51,532
Savills PLC 40,787 150,466
SCI Entertainment Group PLC * 24,546 7,029
Scott Wilson Group PLC 18,538 28,029
SDL PLC * 16,966 52,277
Senior PLC 136,652 71,779
Severfield Rowen PLC 21,880 55,752
Shanks Group PLC 68,152 105,288
Shore Capital Group PLC 82,607 26,945
SIG PLC 44,924 120,489
Skyepharma PLC * 1,272 2,868
Smiths News PLC 49,558 48,154
Soco International PLC * 15,365 351,689
Southern Cross Healthcare, Ltd. 50,751 78,543
Spectris PLC 34,386 225,897
Speedy Hire PLC 16,956 48,026
Spirax-Sarco Engineering PLC 28,330 392,601
Spirent Communications PLC, ADR 1,208 3,443
Spirent Communications PLC 174,932 132,626
Sportech PLC * 14,940 11,778
Sports Direct International PLC 54,705 29,849
Spring Group PLC 29,466 9,101
SSL International PLC 51,566 380,499
St James's Place PLC 70,943 214,487
St. Ives Group PLC 24,755 26,650
St. Modwen Properties PLC 37,749 66,402
Stagecoach Group PLC 78,051 210,239
Sthree PLC 28,317 55,873
STV Group PLC * 6,014 13,894
Taylor Woodrow PLC 330,627 56,049
Ted Baker PLC 5,384 23,990
Telecom Plus PLC 9,371 51,797
Thorntons PLC 10,805 14,632
Tomkins PLC, SADR 21,690 145,757
Topps Tiles PLC 25,009 9,432
Town Centre Securities PLC 4,430 7,246
Travis Perkins PLC 36,335 151,375
Tribal Group PLC 11,250 12,924
Trinity Mirror PLC 85,363 56,107
TT electronics PLC 41,687 15,732
Tullett Prebon PLC 49,804 136,447
UK Coal PLC * 38,818 49,519
Ultra Electronics Holdings PLC 20,380 360,598
Umeco PLC 12,886 51,290
Uniq PLC * 31,252 2,760
United Business Media, Ltd. 78,451 516,926
UTV Media PLC 12,462 16,898
Vectura Group PLC * 86,275 64,293
Venture Production PLC 35,579 221,793
Vernalis PLC * 21,281 1,123
Victrex PLC 29,565 234,786
Vislink PLC 22,958 6,630
Vitec Group PLC 8,660 21,516

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
VP PLC 664 $ 1,249
VT Group PLC 43,395 337,388
W.S. Atkins PLC 32,651 307,402
Weir Group PLC 76,226 402,326
Wellstream Holdings PLC 9,675 57,682
WH Smith PLC 34,882 191,800
White Young Green PLC 9,034 10,821
William Hill PLC 75,121 221,991
Wilmington Group PLC 8,311 16,380
Wincanton PLC 37,919 107,208
Wolfson Microelectronics PLC * 35,719 43,907
Woolworths Group PLC 94,167 1,767
WSP Group PLC 16,690 71,128
Xaar PLC 17,577 14,085
Xchanging PLC 58,411 204,417
Yell Group PLC 268,581 246,380
Yule Catto & Company PLC 83,739 100,766
    40,212,802
United States - 0.45%    
Arawak Energy, Ltd. * 9,400 5,306
Arsenal Energy, Inc. * 12,500 2,318
Aurora Oil and Gas, Ltd. * 74,000 8,493
Berens Energy, Ltd. * 14,100 4,661
Calian Technologies, Ltd. 500 3,628
Canadian Gold Hunter Corp. * 4,900 988
Candente Resource Corp. * 8,600 1,318
Cardero Resource Corp. * 13,100 11,513
Cinch Energy Corp. * 11,600 6,080
City Telecom HK, Ltd. 1,717 3,777
Computer Modelling Group, Ltd. 800 4,515
Diagnocure, Inc. * 10,300 5,398
Eastmain Resources, Inc. * 21,300 13,396
Easyhome, Ltd. 700 5,418
Fairborne Energy, Ltd. * 21,600 104,499
Far West Mining, Ltd. * 4,700 3,145
Formation Capital Corp. * 29,000 2,923
Fortune Minerals, Ltd. * 3,334 1,425
GBS Gold International, Inc. * 30,800 124
Glacier Media, Inc. * 22,800 32,356
Glentel, Inc. 4,200 25,399
Globestar Mining Corp. * 12,700 5,427
Great Panther Resources, Ltd. * 22,200 5,370
Great Plains Exploration, Inc. * 41,500 9,537
Hemisphere GPS, Inc. * 10,400 12,495
Hillsborough Resources, Ltd. * 24,400 4,328
Inter-Citic Minerals, Inc. * 21,300 3,607
Intrinsyc Software International, Inc. * 15,509 813
Isotechnika, Inc. * 33,700 3,261
James Hardie Industries NV 2,458 30,184
Magellan Aerospace Corp. * 2,240 1,626
Marsulex, Inc. 4,700 25,467
Matrikon, Inc. 3,200 5,677
MDN, Inc. * 17,700 10,133
Midnight Oil Exploration, Ltd. * 5,400 3,614
Minco Silver Corp. * 7,600 2,267
MKS, Inc. 18,100 18,243

International Small Company Fund (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
United States (continued)    
Open Range Energy Corp. * 5,000 $ 7,257
Parkbridge Lifestyles Communities, Inc. * 9,830 16,724
PDX Resources Inc * 14,200 9,389
Pelangio Exploration Inc * 14,200 458
Profound Energy, Inc. * 15,380 8,929
Prometic Life Sciences, Inc. * 31,089 2,757
Pure Energy Services, Ltd. * 5,900 11,370
Queenston Mining, Inc. * 16,000 21,674
Questerre Energy Corp. * 50,000 86,680
Redcorp Ventures, Ltd. * 9,000 508
Signet Jewelers, Ltd. 28,430 222,604
Technicoil Corp. * 14,900 4,205
Tesco Corp. * 8,600 59,340
TUSK Energy Corp. * 19,200 14,243
Webtech Wireless, Inc. * 12,200 10,526
Westport Innovations, Inc. * 4,200 16,632
WPP PLC 45,271 252,728
         1,134,753
TOTAL COMMON STOCKS (Cost $477,152,286)   $ 247,645,236
 
PREFERRED STOCKS - 0.01%    
Australia - 0.01%    
Village Roadshow, Ltd. (j) 33,387     19,794
TOTAL PREFERRED STOCKS (Cost $81,757)   $ 19,794
 
WARRANTS - 0.00%    
Hong Kong - 0.00%    
Asia Standard International Group, Ltd.    
(Expiration Date 12/31/2008) * 474,951 0
Golden Resorts Group, Ltd.    
(Expiration Date 06/09/2010, Strike    
Price HKD 0.35) * 100,000 129
ITC Corp. Ltd    
(Expiration Date 11/04/2009, Strike    
Price HKD 0.22) * 135,711 0
Kantone Holdings, Ltd.    
(Expiration Date 01/08/2009, Strike    
Price HKD 0.81) * 129,806 167
Lippo, Ltd.    
(Expiration Date 07/04/2011, Strike    
Price HKD 4.70) * 3,125 363
Matsunichi Communication Holdings, Ltd.    
(Expiration Date 08/22/2010, Strike    
Price HKD 6.00) * 9,300 39
    698
Singapore - 0.00%    
Manhattan Resources Ltd    
Expiration Date 04/09/2011, Strike    
Price SGD 0.70) * 18,300 121
United States - 0.00%    
Kinross Gold Corp    
(Expiration Date 09/03/2013, Strike    
Price CAD 32.00)) * 2,906     9,256
TOTAL WARRANTS (Cost $12,213)   $ 10,075

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
RIGHTS - 0.00%      
Australia - 0.00%      
Minara Resources, Ltd. (Expiration Date      
11/28/2008) *   78,209 $ 205
Canada - 0.00%      
Norbord, Inc. (Expiration Date 12/22/2008,      
Strike Price CAD 0.005) *   26,000 0
Germany - 0.00%      
Conergy AG (Expiration Date 11/28/08) * (a)   1,920        2
TOTAL RIGHTS (Cost $130,139)     $ 207
 
CORPORATE BONDS - 0.01%      
United Kingdom - 0.01%      
HSBC Bank PLC, Series EMTN      
(missing rate) due 07/07/2013 GBP 3,609     13,095
TOTAL CORPORATE BONDS (Cost $16,547)   $ 13,095
 
SHORT TERM INVESTMENTS - 4.48%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 11,332,026 $ 11,332,026
TOTAL SHORT TERM INVESTMENTS      
(Cost $11,332,026)     $ 11,332,026
 
REPURCHASE AGREEMENTS - 1.31%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$3,324,014 on 12/01/2008,      
collateralized by $3,325,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at $3,391,500,      
including interest) $ 3,324,000 $ 3,324,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $3,324,000)     $ 3,324,000
Total Investments (International Small Company Fund)  
(Cost $492,048,968) - 103.71%     $ 262,344,433
Liabilities in Excess of Other Assets - (3.71)%   (9,373,990)
TOTAL NET ASSETS - 100.00%     $ 252,970,443

The portfolio had the following five top industry concentrations as of November 30, 2008 (as a percentage of total net assets):

Banking 6.14%
Building Materials & Construction 5.26%
Food & Beverages 5.18%
Business Services 4.59%
Chemicals 3.82%

International Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.87%    
Austria - 1.05%    
Telekom Austria AG 685,030 $ 9,148,498
Belgium - 1.47%    
Belgacom SA 353,860 12,826,928
Canada - 0.61%    
Biovail Corp. 606,300 5,304,269
China - 0.44%    
China Telecom Corp., Ltd. 10,143,589 3,879,178
Finland - 2.38%    
Stora Enso Oyj, Series R 1,041,000 8,478,652
UPM-Kymmene Oyj 853,141 12,308,675
    20,787,327
France - 12.77%    
AXA Group SA 863,786 16,415,107
France Telecom SA 1,397,501 35,950,968
Sanofi-Aventis SA 518,966 28,689,610
Thomson SA * 1,725,060 1,834,737
Total SA 375,252 19,714,877
Vivendi SA 315,560 8,962,396
    111,567,695
Germany - 7.52%    
Bayerische Motoren Werke (BMW) AG 326,524 8,162,146
Deutsche Post AG 667,551 9,575,311
Infineon Technologies AG * 2,518,830 5,920,319
Muenchener Rueckversicherungs-    
Gesellschaft AG 122,646 16,666,687
SAP AG 394,750 13,461,056
Siemens AG 199,739 11,944,874
    65,730,393
Hong Kong - 1.06%    
Hutchison Whampoa, Ltd. 1,836,620 9,284,201
Israel - 2.07%    
Check Point Software Technologies, Ltd. * 877,420 18,083,626
Italy - 3.04%    
Autogrill SpA 608,877 4,577,936
Eni SpA 692,850 15,725,988
UniCredito Italiano SpA 2,742,038 6,269,461
    26,573,385
Japan - 7.25%    
Aiful Corp. 427,399 1,091,537
Mitsubishi UFJ Financial Group, Inc. 1,716,800 9,533,658
NGK Spark Plug Company, Ltd. 984,000 8,268,466
Olympus Optical Company, Ltd. 298,000 6,194,929
Promise Company, Ltd. 264,600 5,460,151
Sony Corp. * 429,514 8,354,703
Toyota Motor Corp. 230,400 7,385,338
USS Company, Ltd. 271,530 17,015,091
    63,303,873
Netherlands - 4.17%    
ING Groep NV 1,496,102 12,627,204
Koninklijke (Royal) Philips Electronics NV 537,666 8,774,925
Randstad Holdings NV 323,810 6,059,589

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Netherlands (continued)    
Reed Elsevier NV 760,558 $ 8,992,526
    36,454,244
Norway - 2.52%    
Aker Kvaerner ASA 979,950 5,670,740
Norske Skogindustrier ASA * (a) 1,791,884 4,359,221
Telenor ASA 2,204,341 11,994,494
    22,024,455
Singapore - 2.32%    
Flextronics International, Ltd. * 1,964,270 4,596,392
Singapore Telecommunications, Ltd. 6,653,000 11,278,657
Venture Corp., Ltd. 1,614,840 4,411,378
    20,286,427
South Korea - 2.61%    
KT Corp., SADR 181,994 2,063,812
Samsung Electronics Company, Ltd., GDR (h) 125,064 20,687,924
    22,751,736
Spain - 2.41%    
Telefonica SA 1,037,699 21,030,467
Sweden - 1.66%    
Ericsson (LM), Series B 1,652,914 11,569,754
Niscayah Group AB 2,955,338 2,923,742
    14,493,496
Switzerland - 6.03%    
Adecco SA 488,160 14,508,056
Nestle SA 244,490 8,854,885
Novartis AG 282,470 13,181,238
Swiss Re 239,423 9,782,484
UBS AG * 511,498 6,390,309
    52,716,972
Taiwan - 7.02%    
Chunghwa Telecom Company, Ltd., ADR (a) 1,023,017 15,999,994
Compal Electronics, Inc., GDR (h) 3,013,358 7,784,709
Lite-On Technology Corp., GDR 1,154,110 8,130,011
Lite-On Technology Corp. 6,360,462 4,533,114
Mega Financial Holding Company, Ltd. 38,983,000 12,006,056
Taiwan Semiconductor    
Manufacturing Company, Ltd. 10,340,874 12,899,951
    61,353,835
United Kingdom - 25.10%    
Aviva PLC 1,990,750 12,359,042
BP PLC 3,265,112 26,463,684
British Sky Broadcasting Group PLC 1,840,516 12,459,978
Compass Group PLC 1,610,677 7,622,925
GlaxoSmithKline PLC 992,205 17,161,257
Group 4 Securicor PLC 6,683,810 20,940,750
HBOS PLC 629,407 888,557
HSBC Holdings PLC 1,152,110 12,568,940
Kingfisher PLC 8,995,130 16,580,057
Marks & Spencer Group PLC 1,848,950 6,456,092
Old Mutual PLC 9,928,392 8,419,778
Pearson PLC 985,766 9,430,738
Persimmon PLC (a) 2,706,870 9,078,519
Premier Foods PLC 3,337,540 1,118,341

International Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
Reed Elsevier PLC   106,368 $ 885,055
Rentokil Initial PLC   5,303,917 2,903,794
Royal Bank of Scotland Group PLC   5,761,011 4,945,957
Royal Dutch Shell PLC, B Shares   797,033 20,928,099
Tesco PLC   1,125,680 5,131,614
Vodafone Group PLC   11,707,036 22,962,889
      219,306,066
United States - 3.37%      
ACE, Ltd.   405,496 21,187,166
Focus Media Holding, Ltd., ADR *   900 6,723
Invesco, Ltd.   299,056 3,753,153
KB Financial Group, Inc. * (a)   218,431 4,453,808
                   29,400,850
TOTAL COMMON STOCKS (Cost $1,469,452,604)   $ 846,307,921
 
SHORT TERM INVESTMENTS - 4.39%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 16,496,977 $ 16,496,977
Paribas Corp.      
0.75% due 12/01/2008   21,915,000      21,915,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $38,411,977)     $ 38,411,977
Total Investments (International Value Fund)    
(Cost $1,507,864,581) - 101.26%     $ 884,719,898
Liabilities in Excess of Other Assets - (1.26)%   (11,036,614)
TOTAL NET ASSETS - 100.00%     $ 873,683,284

The portfolio had the following five top industry concentrations as of November 30, 2008 (as a percentage of total net assets):

Telecommunications Equipment & Services 18.17%
Insurance 11.15%
International Oil 6.45%
Pharmaceuticals 5.86%
Electronics 5.57%

Investment Quality Bond Fund    
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 36.54%    
Treasury Inflation Protected      
Securities (d) - 2.48%      
2.375% due 01/15/2025 $ 4,178,988 $ 3,723,219
U.S. Treasury Bonds - 26.40%      
7.25% due 08/15/2022   1,375,000 1,881,494
7.50% due 11/15/2016   4,900,000 6,394,500
7.875% due 02/15/2021   9,250,000 12,972,403
8.125% due 08/15/2019 to 08/15/2021   4,660,000 6,589,655
8.75% due 08/15/2020   7,285,000 10,769,279
8.875% due 02/15/2019   662,000 965,641
      39,572,972

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS      
(continued)      
U.S. Treasury Notes - 7.66%      
3.125% due 08/31/2013 (a) $ 5,800,000 $ 6,137,578
6.50% due 02/15/2010   5,000,000 5,340,235
                11,477,813
TOTAL U.S. TREASURY OBLIGATIONS    
(Cost $51,590,372)     $ 54,774,004
 
U.S. GOVERNMENT AGENCY OBLIGATIONS - 5.17%  
Federal Home Loan Mortgage Corp. - 0.51%    
4.00% due 11/15/2019   135,265 126,218
5.00% due 03/01/2019 to 12/01/2019   594,582 603,375
6.50% due 04/01/2029 to 08/01/2034   24,084 24,888
7.50% due 06/01/2010 to 05/01/2028   6,413 6,699
      761,180
Federal National Mortgage      
Association - 4.42%      
4.654% due 06/01/2013   178,808 186,087
4.86% due 01/01/2015   2,876,991 2,999,280
4.917% due 02/01/2013   260,264 273,247
5.00% due 03/01/2019 to 06/01/2019   1,193,176 1,214,348
5.50% due 08/01/2035 to 11/01/2035   1,174,393 1,195,764
5.953% due 11/01/2011   109,503 117,139
6.085% due 10/01/2011   140,980 150,391
6.095% due 03/01/2012   84,546 91,313
6.357% due 12/01/2011   205,572 217,475
6.50% due 09/01/2031   101 105
6.864% due 05/01/2012   167,672 180,297
7.00% due 06/01/2029   370 385
      6,625,831
Government National Mortgage      
Association - 0.18%      
6.00% due 01/15/2009 to 04/15/2035   72,689 74,555
6.50% due 06/15/2028 to 08/15/2034   51,734 53,886
7.00% due 11/15/2031 to 10/15/2034   139,015 144,282
8.00% due 07/15/2030 to 10/15/2030   3,509 3,840
      276,563
Housing & Urban Development - 0.06%      
7.498% due 08/01/2011   81,000            83,892
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $7,411,403)     $ 7,747,466
 
CORPORATE BONDS - 44.06%      
Aerospace - 0.07%      
Goodrich Corp.      
7.10% due 11/15/2027   115,000 107,201
Agriculture - 0.41%      
Cargill, Inc.      
5.60% due 09/15/2012 (h)   635,000 592,869
Case New Holland, Inc.      
7.125% due 03/01/2014   10,000 7,150
Mosaic Company      
7.375% due 12/01/2014 (h)   5,000 4,250
7.625% due 12/01/2016 (h)   5,000 4,150
      608,419

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Air Travel - 0.36%      
American Airlines Pass Through Trust 2003-01    
3.857% due 07/09/2010 $ 18,532 $ 16,268
Continental Airlines, Inc., Series 974A      
6.90% due 01/02/2018   108,989 86,101
Continental Airlines, Inc., Series 981A      
6.648% due 09/15/2017   214,209 167,083
Continental Airlines, Inc., Series A      
5.983% due 04/19/2022   30,000 19,950
Continental Airlines, Inc., Series ERJ1      
9.798% due 04/01/2021   13,300 7,714
Southwest Airlines Company, Series 07-1      
6.15% due 08/01/2022   299,690 237,360
      534,476
 
Aluminum - 0.04%      
Alcan, Inc.      
6.45% due 03/15/2011   59,000 57,070
Novelis, Inc.      
7.25% due 02/15/2015   3,000 1,740
      58,810
 
Auto Services - 0.01%      
Avis Budget Car Rental LLC      
7.625% due 05/15/2014   15,000 3,675
United Rentals North America, Inc.      
6.50% due 02/15/2012   10,000 7,000
      10,675
 
Automobiles - 0.09%      
DaimlerChrysler NA Holding Corp.      
8.50% due 01/18/2031   175,000 129,892
Banking - 4.09%      
Bank of America Corp.      
4.375% due 12/01/2010   436,000 433,486
5.42% due 03/15/2017   1,800,000 1,545,959
5.65% due 05/01/2018   125,000 116,835
Chase Manhattan Corp.      
7.00% due 11/15/2009   135,000 135,045
First Republic Bank of San Francisco      
7.75% due 09/15/2012   111,000 94,350
First Union National Bank      
7.80% due 08/18/2010   350,000 345,410
HBOS PLC      
6.00% due 11/01/2033 (h)   210,000 133,063
HSBC Bank USA NA, BKNT      
7.00% due 01/15/2039   250,000 235,083
HSBC Holdings PLC      
6.80% due 06/01/2038   850,000 711,137
National Australia Bank, Ltd.      
8.60% due 05/19/2010   23,000 22,976
NBD Bancorp      
8.25% due 11/01/2024   270,000 313,072
Republic New York Corp.      
9.50% due 04/15/2014   135,000 144,214
Royal Bank of Scotland Group PLC      
6.40% due 04/01/2009   696,000 695,279
Sanwa Bank, Ltd., New York Branch      
7.40% due 06/15/2011   300,000 287,993
Sovereign Bancorp, Inc.      
4.80% due 09/01/2010   30,000 26,669

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
Wachovia Corp.      
5.75% due 06/15/2017 $ 385,000 $ 347,804
Wachovia Corp., MTN      
5.50% due 05/01/2013   570,000 540,172
      6,128,547
 
Broadcasting - 0.52%      
British Sky Broadcasting Group PLC      
5.625% due 10/15/2015 (h)   131,000 108,616
CanWest Media, Inc.      
8.00% due 09/15/2012   10,000 3,900
Liberty Media Corp.      
5.70% due 05/15/2013   4,000 2,684
8.25% due 02/01/2030   2,000 1,200
News America Holdings, Inc.      
7.75% due 01/20/2024   453,000 437,062
News America, Inc.      
5.30% due 12/15/2014   100,000 90,159
Time Warner Cable, Inc.      
8.25% due 02/14/2014   140,000 138,226
      781,847
 
Building Materials & Construction - 0.09%    
D.R. Horton, Inc.      
9.75% due 09/15/2010   14,000 12,390
SCL Terminal Aereo Santiago SA      
6.95% due 07/01/2012 (h)   108,823 117,913
Texas Industries, Inc.      
7.25% due 07/15/2013   10,000 7,600
      137,903
 
Business Services - 0.03%      
Deluxe Corp.      
7.375% due 06/01/2015   50,000 30,500
Harland Clarke Holdings Corp.      
9.50% due 05/15/2015   5,000 2,200
Sungard Data Systems, Inc.      
9.125% due 08/15/2013   13,000 10,075
      42,775
 
Cable & Television - 2.93%      
Cablevision Systems Corp., Series B      
8.00% due 04/15/2012   13,000 10,660
Comcast Corp.      
5.70% due 05/15/2018   275,000 230,952
5.85% due 11/15/2015   600,000 524,536
Cox Communications, Inc.      
5.875% due 12/01/2016 (h)   350,000 296,386
7.125% due 10/01/2012   458,000 434,813
CSC Holdings, Inc.      
7.625% due 07/15/2018   21,000 14,700
DirecTV Holdings LLC      
6.375% due 06/15/2015   15,000 12,187
HSN, Inc.      
11.25% due 08/01/2016 (h)   5,000 3,850
LIN Television Corp.      
6.50% due 05/15/2013   5,000 2,325
LIN Television Corp., Series B      
6.50% due 05/15/2013   7,000 3,255

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cable & Television (continued)      
Mediacom Broadband LLC      
8.50% due 10/15/2015 $ 27,000 $ 19,170
Mediacom LLC/Mediacom Capital Corp.      
7.875% due 02/15/2011   5,000 4,075
Quebecor Media, Inc.      
7.75% due 03/15/2016   15,000 10,050
7.75% due 03/15/2016   5,000 3,350
Rogers Cable, Inc.      
6.25% due 06/15/2013   130,000 123,837
Shaw Communications, Inc.      
8.25% due 04/11/2010   4,000 3,850
Sinclair Broadcast Group, Inc.      
8.00% due 03/15/2012   3,000 2,340
TCI Communications, Inc.      
7.875% due 02/15/2026   150,000 135,948
8.75% due 08/01/2015   183,000 186,101
Time Warner Cable, Inc.      
5.85% due 05/01/2017   815,000 684,223
6.55% due 05/01/2037   150,000 115,417
Time Warner Companies, Inc.      
7.25% due 10/15/2017   60,000 51,975
Time Warner, Inc.      
6.75% due 04/15/2011   150,000 141,709
7.70% due 05/01/2032   602,000 520,687
Viacom, Inc.      
6.125% due 10/05/2017   600,000 487,916
6.25% due 04/30/2016   252,000 208,944
6.625% due 05/15/2011   175,000 152,471
      4,385,727
 
Cellular Communications - 0.56%      
AT&T Wireless Services, Inc.      
7.875% due 03/01/2011   94,000 95,177
8.125% due 05/01/2012   56,000 56,776
8.75% due 03/01/2031   397,000 383,633
Cingular Wireless LLC      
7.125% due 12/15/2031   67,000 56,267
Cricket Communications, Inc.      
9.375% due 11/01/2014   5,000 3,969
Rogers Wireless, Inc.      
9.625% due 05/01/2011   27,000 27,301
Vodafone Group PLC      
7.75% due 02/15/2010   211,000 210,458
      833,581
 
Chemicals - 0.40%      
Agrium, Inc.      
7.125% due 05/23/2036   225,000 181,281
Cytec Industries, Inc.      
4.60% due 07/01/2013   170,000 143,554
5.50% due 10/01/2010   105,000 100,757
6.00% due 10/01/2015   200,000 167,434
IMC Global, Inc.      
7.30% due 01/15/2028   3,000 2,070
Terra Capital, Inc., Series B      
7.00% due 02/01/2017   5,000 3,613
      598,709

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Coal - 0.06%      
Peabody Energy Corp.      
6.875% due 03/15/2013 $ 11,000 $ 9,350
7.375% due 11/01/2016   100,000 86,000
      95,350
 
Commercial Services - 0.01%      
Aramark Services, Inc.      
8.50% due 02/01/2015   15,000 12,450
Rental Service Corp.      
9.50% due 12/01/2014   10,000 4,900
      17,350
 
Computers & Business Equipment - 0.16%    
Unisys Corp.      
6.875% due 03/15/2010   10,000 4,100
Xerox Corp.      
5.50% due 05/15/2012   170,000 135,815
6.40% due 03/15/2016   125,000 90,000
7.20% due 04/01/2016   15,000 11,428
      241,343
 
Containers & Glass - 0.09%      
Owens-Brockway Glass Container, Inc.      
8.25% due 05/15/2013   16,000 15,040
Pactiv Corp.      
5.875% due 07/15/2012   135,000 124,555
Stone Container Finance      
7.375% due 07/15/2014   10,000 3,350
      142,945
 
Correctional Facilities - 0.07%      
Corrections Corp. of America      
6.25% due 03/15/2013   10,000 8,800
6.75% due 01/31/2014   100,000 89,500
      98,300
 
Crude Petroleum & Natural Gas - 0.69%      
Atmos Energy Corp.      
6.35% due 06/15/2017   75,000 63,475
Burlington Resources Finance Company      
7.40% due 12/01/2031   309,000 298,433
Canadian Natural Resources, Ltd.      
5.15% due 02/01/2013   150,000 135,584
6.45% due 06/30/2033   37,000 28,937
Chesapeake Energy Corp.      
6.50% due 08/15/2017   20,000 13,650
6.625% due 01/15/2016   97,000 67,657
7.50% due 09/15/2013   3,000 2,385
7.625% due 07/15/2013   10,000 8,000
EnCana Corp.      
5.90% due 12/01/2017   450,000 377,103
OPTI Canada, Inc.      
7.875% due 12/15/2014   10,000 3,800
PetroHawk Energy Corp.      
9.125% due 07/15/2013   15,000 11,475
Plains Exploration & Production Company      
7.75% due 06/15/2015   10,000 7,250
SandRidge Energy, Inc.      
8.00% due 06/01/2018 (h)   5,000 3,200

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Crude Petroleum & Natural Gas      
(continued)      
Southwestern Energy Company      
7.50% due 02/01/2018 (h) $ 10,000 $ 8,450
      1,029,399
 
Domestic Oil - 0.22%      
Delta Petroleum Corp.      
7.00% due 04/01/2015   25,000 6,125
Motiva Enterprises LLC      
5.20% due 09/15/2012 (h)   148,000 152,289
Range Resources Corp.      
7.50% due 05/15/2016   10,000 8,300
Valero Energy Corp.      
8.75% due 06/15/2030   162,000 156,529
Whiting Petroleum Corp.      
7.00% due 02/01/2014   3,000 2,025
7.25% due 05/01/2013   3,000 2,130
      327,398
 
Drugs & Health Care - 0.01%      
Allegiance Corp.      
7.00% due 10/15/2026   13,000 10,639
Rite Aid Corp.      
10.375% due 07/15/2016   5,000 3,350
      13,989
 
Electrical Utilities - 4.74%      
Carolina Power & Light Company      
6.50% due 07/15/2012   671,000 652,028
CenterPoint Energy, Inc.      
6.50% due 05/01/2018   560,000 449,061
CMS Energy Corp.      
8.50% due 04/15/2011   4,000 3,811
Commonwealth Edison Company      
5.95% due 08/15/2016   125,000 112,358
6.15% due 03/15/2012   92,000 89,332
Dominion Resources, Inc.      
6.40% due 06/15/2018   395,000 351,837
7.00% due 06/15/2038   150,000 123,686
Duke Energy Corp.      
5.65% due 06/15/2013   600,000 563,402
Dynegy Holdings, Inc.      
7.125% due 05/15/2018   15,000 8,850
Edison Mission Energy      
7.75% due 06/15/2016   20,000 15,650
Enel Finance International SA      
6.80% due 09/15/2037 (h)   555,000 449,872
Exelon Generation Company, LLC      
6.95% due 06/15/2011   185,000 174,972
Georgia Power Company      
5.25% due 12/15/2015   600,000 570,707
Israel Electric Corp., Ltd.      
7.25% due 01/15/2019 (h)   475,000 425,867
Midamerican Energy Holdings      
6.125% due 04/01/2036   250,000 198,173
New York State Electric & Gas Corp.      
5.75% due 05/01/2023   74,000 57,765
Northern States Power Company      
6.25% due 06/01/2036   125,000 117,930
6.50% due 03/01/2028   67,000 65,532

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
NSTAR      
8.00% due 02/15/2010 $ 270,000 $ 277,818
Ohio Edison Company      
6.875% due 07/15/2036   150,000 120,171
Old Dominion Electric Cooperative      
6.25% due 06/01/2011   141,000 140,193
Oncor Electric Delivery Company      
7.50% due 09/01/2038 (h)   150,000 128,788
Potomac Electric Power Company      
6.50% due 11/15/2037   250,000 223,210
PSEG Power LLC      
8.625% due 04/15/2031   154,000 138,275
Puget Sound Energy, Inc.      
7.00% due 03/09/2029   54,000 47,685
Reliant Energy, Inc.      
6.75% due 12/15/2014   10,000 8,050
Southern California Edison Company      
6.00% due 01/15/2034   326,000 311,624
Taqa Abu Dhabi National Energy Company      
6.50% due 10/27/2036 (h)   475,000 312,057
TXU Corp., Series P      
5.55% due 11/15/2014   26,000 12,461
Union Electric Company      
6.40% due 06/15/2017   850,000 749,566
Wisconsin Electric Power Company      
6.50% due 06/01/2028   94,000 88,537
Wisconsin Energy Corp.      
6.20% due 04/01/2033   138,000 120,079
      7,109,347
 
Electronics - 0.11%      
Avnet, Inc.      
6.625% due 09/15/2016   200,000 147,104
L-3 Communications Corp., Series B      
6.375% due 10/15/2015   10,000 8,300
Sanmina-SCI Corp.      
5.5687% due 06/15/2010 (b)(h)   9,000 7,650
      163,054
 
Energy - 0.46%      
Abu Dhabi National Energy Company      
5.875% due 10/27/2016 (h)   110,000 89,639
Aquila, Inc.      
7.95 due 02/01/2011   10,000 9,327
11.875% due 07/01/2012   20,000 19,500
Dynegy Holdings, Inc.      
8.375% due 05/01/2016   10,000 6,950
Midamerican Funding LLC      
6.75% due 03/01/2011   260,000 281,699
Mirant North America LLC      
7.375% due 12/31/2013   20,000 17,300
Nevada Power Company      
6.50% due 08/01/2018   150,000 136,784
NRG Energy, Inc.      
7.25% due 02/01/2014   25,000 20,375
7.375% due 01/15/2017   5,000 4,037
XTO Energy, Inc.      
6.75% due 08/01/2037   120,000 98,640
      684,251

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services - 10.79%      
AGFC Capital Trust I      
6.00% due 01/15/2067 (b)(h) $ 170,000 $ 35,158
American Financial Group, Inc.      
7.125% due 04/15/2009   195,000 197,204
American General Finance Corp.      
5.375% due 10/01/2012   154,000 63,514
Arch Western Finance LLC      
6.75% due 07/01/2013   26,000 20,930
Associates Corp. of North America      
8.55% due 07/15/2009   81,000 80,714
BAT International Finance PLC      
9.50% due 11/15/2018 (h)   200,000 204,876
Bear Stearns Companies, Inc.      
5.35% due 02/01/2012   80,000 77,484
6.40% due 10/02/2017   105,000 100,823
6.95% due 08/10/2012   345,000 347,345
Capital One Capital IV      
6.745% due 02/17/2037 (b)   125,000 55,231
Capmark Financial Group, Inc.      
5.875% due 05/10/2012   330,000 97,402
6.30% due 05/10/2017   90,000 25,152
CIT Group, Inc.      
5.00% due 02/01/2015   300,000 175,589
7.625% due 11/30/2012   45,000 31,266
Citigroup Capital XXI      
8.30% due 12/21/2057 (b)   370,000 223,191
Citigroup, Inc.      
4.875% due 05/07/2015   286,000 222,603
5.50% due 08/27/2012   900,000 831,766
6.50% due 08/19/2013   600,000 571,436
6.875% due 03/05/2038   425,000 398,792
Countrywide Financial Corp.      
4.50% due 06/15/2010   70,000 67,011
Discover Financial Services      
6.45% due 06/12/2017   300,000 200,991
Equitable Companies, Inc.      
7.00% due 04/01/2028   235,000 208,676
Erac USA Finance Company      
8.00% due 01/15/2011 (h)   534,000 484,304
Farmers Exchange Capital      
7.05% due 07/15/2028 (h)   350,000 237,676
Ford Motor Credit Company LLC      
7.00% due 10/01/2013   21,000 8,837
GATX Financial Corp.      
5.50% due 02/15/2012   200,000 176,177
General Electric Capital Corp.      
4.80% due 05/01/2013   475,000 452,618
6.125% due 02/22/2011   67,000 67,565
6.75% due 03/15/2032   934,000 847,790
General Motors Acceptance Corp.      
8.00% due 11/01/2031   30,000 7,890
Goldman Sachs Group, Inc.      
5.45% due 11/01/2012   340,000 303,285
6.15% due 04/01/2018   750,000 611,924
6.75% due 10/01/2037   1,615,000 1,046,901
6.875% due 01/15/2011   208,000 201,075
International Lease Finance Corp.      
5.625% due 09/15/2010   170,000 129,478
5.875% due 05/01/2013   250,000 166,966

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
International Lease Finance Corp. (continued)    
6.375% due 03/25/2013 $ 145,000 $ 98,691
Janus Capital Group, Inc.      
6.25% due 06/15/2012   100,000 79,239
JPMorgan Chase & Company      
5.15% due 10/01/2015   200,000 183,088
5.375% due 10/01/2012   760,000 749,838
6.00% due 01/15/2018   555,000 535,670
JPMorgan Chase Capital XV      
5.875% due 03/15/2035   567,000 391,483
Lazard Group LLC      
6.85% due 06/15/2017   660,000 392,278
Merrill Lynch & Company, Inc.      
6.40% due 08/28/2017   740,000 679,069
7.75% due 05/14/2038   325,000 299,050
Merrill Lynch & Company, Inc., MTN      
6.875% due 04/25/2018   425,000 401,770
Mizuho Financial Group, Cayman, Ltd.      
5.79% due 04/15/2014 (h)   246,000 214,221
Morgan Stanley      
5.55% due 04/27/2017   225,000 178,061
6.25% due 08/28/2017   720,000 588,954
6.75% due 04/15/2011   106,000 99,920
Morgan Stanley Dean Witter      
6.60% due 04/01/2012   315,000 284,570
Morgan Stanley, MTN      
6.00% due 04/28/2015   350,000 288,744
6.625% due 04/01/2018   675,000 561,253
NiSource Finance Corp.      
6.40% due 03/15/2018   200,000 146,124
Sun Canada Financial Company      
7.25% due 12/15/2015 (h)   229,000 233,392
Sunamerica, Inc.      
8.125% due 04/28/2023   135,000 77,134
United States Bancorp Oregon      
7.50% due 06/01/2026   750,000 718,191
      16,180,380
 
Food & Beverages - 1.26%      
Cia Brasileira de Bebidas      
8.75% due 09/15/2013   285,000 285,713
ConAgra Foods, Inc.      
5.819% due 06/15/2017   74,000 64,944
6.75% due 09/15/2011   46,000 45,528
Dr Pepper Snapple Group, Inc.      
6.82% due 05/01/2018   100,000 94,430
General Mills, Inc.      
5.20% due 03/17/2015   190,000 172,863
Kraft Foods, Inc.      
6.125% due 02/01/2018   150,000 139,234
6.50% due 11/01/2031   266,000 223,882
6.875% due 02/01/2038   250,000 219,132
PepsiCo, Inc.      
7.90% due 11/01/2018   235,000 262,985
SABMiller PLC      
6.20% due 07/01/2011 (h)   300,000 294,657
Smithfield Foods, Inc., Series B      
7.75% due 05/15/2013   10,000 5,500

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Food & Beverages (continued)      
Tyson Foods, Inc.      
6.60% due 04/01/2016 $ 125,000 $ 78,041
      1,886,909
Forest Products - 0.20%      
Weyerhaeuser Company      
6.75% due 03/15/2012   308,000 264,017
7.95% due 03/15/2025   40,000 32,475
      296,492
Funeral Services - 0.00%      
Service Corp. International      
7.625% due 10/01/2018   10,000 7,200
Gas & Pipeline Utilities - 0.67%      
CenterPoint Energy Resources Corp.      
6.125% due 11/01/2017   125,000 100,232
El Paso Corp.      
7.00% due 06/15/2017   10,000 7,120
El Paso Natural Gas Company      
5.95% due 04/15/2017   25,000 19,153
Kinder Morgan Energy Partners LP      
7.125% due 03/15/2012   208,000 199,392
Kinder Morgan Finance Company      
5.70% due 01/05/2016   20,000 14,000
NGPL PipeCo LLC      
6.514% due 12/15/2012 (h)   675,000 628,865
Williams Companies, Inc.      
7.125% due 09/01/2011   13,000 11,245
8.125% due 03/15/2012   26,000 22,490
      1,002,497
 
Healthcare Products - 0.01%      
Biomet, Inc.      
10.00% due 10/15/2017   5,000 4,500
Universal Hospital Services, Inc.      
8.50% due 06/01/2015   10,000 7,600
      12,100
Healthcare Services - 0.34%      
DaVita, Inc.      
6.625% due 03/15/2013   2,000 1,770
7.25% due 03/15/2015   2,000 1,730
UnitedHealth Group, Inc.      
6.00% due 02/15/2018   575,000 503,403
      506,903
Homebuilders - 0.31%      
Centex Corp.      
7.875% due 02/01/2011   59,000 47,790
D.R. Horton, Inc.      
7.875% due 08/15/2011   370,000 303,400
K Hovnanian Enterprises, Inc.      
11.50% due 05/01/2013   10,000 7,650
Pulte Homes, Inc.      
8.125% due 03/01/2011   125,000 107,500
      466,340
 
Hotels & Restaurants - 0.03%      
Buffalo Thunder Development Authority      
9.375% due 12/15/2014 (h)   20,000 6,600

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Hotels & Restaurants (continued)      
Wyndham Worldwide Corp.      
6.00% due 12/01/2016 $ 60,000 $ 41,985
      48,585
 
Household Products - 0.22%      
Procter & Gamble, Series A      
9.36% due 01/01/2021   274,572 326,557
Industrials - 0.00%      
Airgas, Inc.      
7.125% due 10/01/2018 (h)   10,000 8,000
Insurance - 3.25%      
ACE Capital Trust II      
9.70% due 04/01/2030   248,000 197,870
ACE INA Holdings, Inc.      
5.70% due 02/15/2017   100,000 84,198
5.875% due 06/15/2014   125,000 111,406
AIG SunAmerica Global Financing X      
6.90% due 03/15/2032 (h)   100,000 61,014
Allied World Assurance Holdings, Ltd.      
7.50% due 08/01/2016   145,000 113,738
AXA SA      
8.60% due 12/15/2030   250,000 154,170
Equitable Life Assurance Society      
7.70% due 12/01/2015 (h)   250,000 247,824
Everest Reinsurance Holdings, Inc.      
6.50% due 05/15/2037 (b)   495,000 206,231
8.75% due 03/15/2010   294,000 275,657
Fidelity National Title Group, Inc.      
7.30% due 08/15/2011   26,000 27,903
Jackson National Life Insurance Company      
8.15% due 03/15/2027 (h)   377,000 336,039
Liberty Mutual Insurance Company      
7.697% due 10/15/2097 (h)   925,000 578,641
Metlife, Inc.      
5.375% due 12/15/2012   150,000 138,731
Metropolitan Life Global Funding I      
5.125% due 04/10/2013 (h)   335,000 300,606
Nationwide Mutual Insurance Company      
8.25% due 12/01/2031 (h)   260,000 154,699
Navigators Group, Inc.      
7.00% due 05/01/2016   59,000 60,495
Ohio National Life Insurance Company      
8.50% due 05/15/2026 (h)   155,000 164,277
Premium Asset Trust      
4.125% due 03/12/2009 (h)   87,000 22,342
Principal Life Global Funding I      
5.125% due 10/15/2013 (h)   225,000 208,892
6.125% due 10/15/2033 (h)   108,000 80,735
Prudential Financial, Inc., MTN      
5.15% due 01/15/2013   355,000 313,679
Reinsurance Group of America, Inc.      
6.75% due 12/15/2011   135,000 123,247
Unitrin, Inc.      
6.00% due 05/15/2017   350,000 311,571
UnumProvident Finance Company, PLC      
6.85% due 11/15/2015 (h)   125,000 98,116
W.R. Berkley Corp.      
5.125% due 09/30/2010   54,000 54,203

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Insurance (continued)      
W.R. Berkley Corp. (continued)      
5.60% due 05/15/2015 $ 263,000 $ 242,554
Willis North America, Inc.      
6.20% due 03/28/2017   280,000 204,456
      4,873,294
 
International Oil - 0.13%      
Canadian Oil Sands, Ltd.      
7.90% due 09/01/2021 (h)   135,000 119,172
Newfield Exploration Company      
6.625% due 04/15/2016   10,000 7,300
Pioneer Natural Resources Company      
6.65% due 03/15/2017   85,000 59,210
6.875% due 05/01/2018   15,000 10,113
      195,795
 
Leisure Time - 0.07%      
AMC Entertainment, Inc.      
11.00% due 02/01/2016   15,000 10,650
MGM Mirage, Inc.      
6.00% due 10/01/2009   100,000 81,000
OED Corp./ Diamond Jo      
8.75% due 04/15/2012   5,000 3,450
Seneca Gaming Corp.      
7.25% due 05/01/2012   10,000 6,700
Wynn Las Vegas Capital Corp.      
6.625% due 12/01/2014   5,000 3,537
Wynn Las Vegas LLC      
6.625% due 12/01/2014   4,000 2,830
      108,167
 
Liquor - 0.38%      
Cia Brasileira de Bebidas      
10.50% due 12/15/2011   80,000 86,800
Constellation Brands, Inc.      
7.25% due 09/01/2016   15,000 12,450
7.25% due 05/15/2017   5,000 4,150
Miller Brewing Company      
5.50% due 08/15/2013 (h)   390,000 358,084
Molson Coors Capital Financial      
4.85% due 09/22/2010   117,000 114,659
      576,143
 
Manufacturing - 0.51%      
General Electric Company      
5.25% due 12/06/2017   735,000 673,517
SPX Corp.      
7.625% due 12/15/2014 (h)   10,000 8,150
Tyco International Group SA      
6.75% due 02/15/2011   85,000 82,136
      763,803
 
Medical-Hospitals - 0.47%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   10,000 8,100
HCA, Inc.      
6.375% due 01/15/2015   20,000 11,500
7.875% due 02/01/2011   20,000 17,200
9.625% due 11/15/2016   20,000 14,400
Quest Diagnostics, Inc.      
5.45% due 11/01/2015   275,000 234,175

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Medical-Hospitals (continued)      
Quest Diagnostics, Inc. (continued)      
6.95% due 07/01/2037 $ 390,000 $ 299,057
7.50% due 07/12/2011   100,000 107,328
Tenet Healthcare Corp.      
9.875% due 07/01/2014   20,000 14,400
      706,160
 
Metal & Metal Products - 0.13%      
Inco, Ltd.      
5.70% due 10/15/2015   233,000 198,465
Mining - 0.12%      
Corporacion Nacional Del Cobre de Chile -      
CODELCO      
6.375% due 11/30/2012 (h)   165,000 165,879
Freeport-McMoRan Copper & Gold, Inc.      
8.25% due 04/01/2015   5,000 3,625
8.375% due 04/01/2017   25,000 17,250
      186,754
 
Newspapers - 0.08%      
News America Holdings, Inc.      
9.25% due 02/01/2013   109,000 115,492
Paper - 0.36%      
Georgia-Pacific Corp.      
7.00% due 01/15/2015 (h)   30,000 22,800
International Paper Company      
7.40% due 06/15/2014   505,000 414,247
Temple-Inland, Inc.      
6.625% due 01/15/2018   125,000 102,606
      539,653
 
Petroleum Services - 0.19%      
Halliburton Company      
5.50% due 10/15/2010   192,000 195,615
Petroleum Export, Ltd.      
5.265% due 06/15/2011 (h)   77,575 78,205
Pride International, Inc.      
7.375% due 07/15/2014   5,000 4,263
      278,083
 
Pharmaceuticals - 0.49%      
AmerisourceBergen Corp.      
5.875% due 09/15/2015   670,000 583,613
Elan Finance PLC      
7.75% due 11/15/2011   40,000 24,000
Medco Health Solutions, Inc.      
7.125% due 03/15/2018   135,000 118,807
Omnicare, Inc.      
6.75% due 12/15/2013   5,000 4,175
6.875% due 12/15/2015   5,000 4,050
      734,645
 
Publishing - 0.02%      
Dex Media, Inc.      
8.00% due 11/15/2013   25,000 3,250
9.00% due 11/15/2013   7,000 910
Scholastic Corp.      
5.00% due 04/15/2013   35,000 25,900
      30,060

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Railroads & Equipment - 0.00%      
American Railcar Industries, Inc.      
7.50% due 03/01/2014 $ 5,000 $ 3,600
Real Estate - 2.53%      
AMB Property LP      
5.45% due 12/01/2010   80,000 67,871
7.50% due 06/30/2018   106,000 66,531
AvalonBay Communities, Inc.      
5.50% due 01/15/2012   150,000 120,950
Brandywine Operating Partnership      
5.70% due 05/01/2017   335,000 206,477
Developers Diversified Realty Corp.      
4.625% due 08/01/2010   55,000 36,357
5.00% due 05/03/2010   25,000 19,740
Duke Realty Corp. LP      
5.25% due 01/15/2010   275,000 249,244
Equity One, Inc.      
6.00% due 09/15/2017   235,000 152,237
Federal Realty Investment Trust, REIT      
5.65% due 06/01/2016   55,000 41,074
Health Care Property Investors, Inc., REIT      
5.65% due 12/15/2013   350,000 209,106
5.95% due 09/15/2011   150,000 124,147
6.00% due 03/01/2015   175,000 113,875
7.072 due 06/08/2015   67,000 55,081
Healthcare Realty Trust, Inc.      
8.125% due 05/01/2011   377,000 286,360
Kimco Realty Corp.      
5.584% due 11/23/2015   125,000 80,195
Liberty Property LP      
6.625% due 10/01/2017   100,000 70,932
7.25% due 03/15/2011   195,000 181,860
Realty Income Corp.      
6.75% due 08/15/2019   550,000 367,699
Regency Centers LP      
7.95% due 01/15/2011   319,000 285,592
Rouse Company LP      
6.75% due 05/01/2013 (h)   15,000 3,300
Simon Property Group LP      
5.30% due 05/30/2013   450,000 332,722
6.10% due 05/01/2016   150,000 103,206
United Dominion Realty Trust, Inc.      
6.05% due 06/01/2013   200,000 172,812
Ventas Realty LP/Ventas Capital Corp.      
6.625% due 10/15/2014   95,000 77,900
6.75% due 06/01/2010   2,000 1,890
7.125% due 06/01/2015   3,000 2,460
WEA Finance LLC      
7.125% due 04/15/2018 (h)   250,000 170,823
Westfield Group      
5.40% due 10/01/2012 (h)   250,000 195,616
      3,796,057
 
Retail Grocery - 0.12%      
Kroger Company      
6.75% due 04/15/2012   179,000 177,526
Retail Trade - 0.51%      
CVS Caremark Corp.      
6.943% due 01/10/2030 (h)   49,191 38,939

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Retail Trade (continued)      
CVS Lease Pass Through Certificate      
5.88% due 01/10/2028 (h) $ 340,323 $ 279,568
Federated Department Stores, Inc.      
6.90% due 04/01/2029   156,000 81,777
Macys Retail Holdings, Inc.      
5.875% due 01/15/2013   550,000 362,820
      763,104
 
Sanitary Services - 0.01%      
Allied Waste North America, Inc.      
6.50% due 11/15/2010   5,000 4,725
Allied Waste North America, Inc., Series B      
5.75% due 02/15/2011   10,000 9,250
      13,975
 
Software - 0.17%      
Fiserv, Inc.      
6.125% due 11/20/2012   200,000 185,088
Intuit, Inc.      
5.40% due 03/15/2012   75,000 68,664
      253,752
 
Steel - 0.32%      
ArcelorMittal      
5.375% due 06/01/2013   150,000 107,923
6.125% due 06/01/2018   500,000 345,703
International Steel Group, Inc.      
6.50% due 04/15/2014   15,000 12,232
United States Steel Corp.      
6.05% due 06/01/2017   5,000 3,110
7.00% due 02/01/2018   10,000 6,303
      475,271
 
Telecommunications Equipment &      
Services - 0.62%      
Bellsouth Corp.      
4.75% due 11/15/2012   302,000 283,316
Citizens Communications Company      
9.25% due 05/15/2011   22,000 18,865
GCI, Inc.      
7.25% due 02/15/2014   15,000 12,038
SBC Communications, Inc.      
5.625% due 06/15/2016   360,000 318,562
5.875% due 08/15/2012   150,000 147,415
Telefonica Europe BV      
7.75% due 09/15/2010   150,000 149,475
      929,671
 
Telephone - 2.54%      
Ameritech Capital Funding Corp.      
6.45% due 01/15/2018   148,000 138,485
AT&T, Inc.      
5.50% due 02/01/2018   180,000 155,207
6.30% due 01/15/2038   675,000 545,910
British Telecommunications PLC      
5.15% due 01/15/2013   350,000 328,082
8.625% due 12/15/2010   156,000 155,740
Qwest Corp.      
7.50% due 10/01/2014   25,000 19,250
Telecom Italia Capital SA      
5.25% due 11/15/2013   325,000 247,000

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telephone (continued)      
Telecom Italia Capital SA (continued)      
6.00% due 09/30/2034 $ 146,000 $ 89,060
6.20% due 07/18/2011   675,000 594,000
Telefonica Emisones SAU      
7.045% due 06/20/2036   275,000 227,605
Verizon Communications, Inc.      
5.55% due 02/15/2016   570,000 492,798
6.40% due 02/15/2038   365,000 295,776
6.90% due 04/15/2038   275,000 229,175
8.75% due 11/01/2021   285,000 287,086
      3,805,174
 
Tobacco - 0.81%      
Alliance One International, Inc.      
11.00% due 05/15/2012   12,000 9,840
Altria Group, Inc.      
9.70% due 11/10/2018   395,000 399,707
Philip Morris International, Inc.      
5.65% due 05/16/2018   800,000 717,660
Reynolds American, Inc.      
7.25% due 06/01/2013   95,000 82,531
7.30% due 07/15/2015   6,000 5,386
      1,215,124
 
Transportation - 0.11%      
DP World, Ltd.      
6.85% due 07/02/2037 (h)   310,000 165,688
Utility Service - 0.07%      
PacifiCorp      
6.35% due 07/15/2038      110,000        103,013
TOTAL CORPORATE BONDS (Cost $80,000,443)   $ 66,031,720
 
MUNICIPAL BONDS - 0.32%      
California - 0.13%      
Southern California Public Power Authority Project,    
Series B      
6.93% due 05/15/2017   175,000 192,906
Florida - 0.10%      
Miami Beach Florida Redevelopment Agency Tax    
Increment Revenue      
8.95% due 12/01/2022   135,000 153,633
Indiana - 0.01%      
Indiana Bond Bank Revenue      
5.02% due 01/15/2016   15,000 14,526
Maryland - 0.03%      
Maryland State Transportation Authority, Ltd.    
5.84% due 07/01/2011   40,000 40,795
New Jersey - 0.01%      
Jersey City, NJ, Municipal Utilities Authority    
4.55% due 05/15/2012   20,000 19,296
New York - 0.04%      
Sales Tax Asset Receivable Corp., Series B      
4.25% due 10/15/2011      65,000     64,528
TOTAL MUNICIPAL BONDS (Cost $508,307)   $ 485,684

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 8.69%      
American Tower Trust, Series 2007-1A, Class AFX    
5.4197% due 04/15/2037 (h) $ 300,000 $ 229,290
Asset Securitization Corp.,      
Series 1997-D5, Class A1D      
6.85% due 02/14/2043   444,421 431,415
Banc of America Commercial Mortgage, Inc, Series    
2006-2, Class A4      
5.929% due 05/10/2045 (b)   1,000,000 705,357
Banc of America Commercial Mortgage, Inc.,    
Series 2002-PB2 Class A4      
6.186% due 06/11/2035   405,797 368,562
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2003-T12, Class A4      
4.68% due 08/13/2039 (b)   405,797 337,220
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PWR9, Class A4A      
4.871% due 09/11/2042   560,000 426,182
Bear Stearns Commercial Mortgage Securities,    
Series 2006-PW12, Class AM      
5.9409% due 09/11/2038 (b)   500,000 243,783
Bear Stearns Commercial Mortgage Securities,    
Inc., Series 2005-T20, Class A4A      
5.2997% due 10/12/2042 (b)   500,000 386,824
Bear Stearns Commercial Mortgage Securities,    
Series 2007-PW17, Class A4      
5.694% due 06/11/2050 (b)   450,000 305,672
Citigroup/Deutsche Bank Commercial Mortgage    
Trust, Series 2007-CD4, Class A4      
5.322% due 12/11/2049   750,000 478,993
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1, Class A4    
5.23% due 09/15/2020 (b)   500,000 372,078
Commercial Mortgage Asset Trust, Series      
1999-C1, Class A3      
6.64% due 01/17/2032   178,898 176,609
Commercial Mortgage Pass Through Certificates,    
Series 2005-C6, Class A5A      
5.116% due 06/10/2044 (b)   500,000 367,661
Commercial Mortgage Pass Through Certificates,    
Series 2006-C7, Class A4      
5.961% due 06/10/2046 (b)   500,000 351,722
Credit Suisse Mortgage Capital Certificates, Series    
2006-C1, Class A4      
5.609% due 02/15/2039 (b)   1,000,000 702,578
Credit Suisse Mortgage Capital Certificates,      
Series 2006-C4, Class A3      
5.467% due 09/15/2039   1,000,000 677,862
Crown Castle Towers LLC, Series 2005-1A, Class B    
4.878% due 06/15/2035 (h)   375,000 334,927
CS First Boston Mortgage Securities Corp, Series    
2003-C3, Class A5      
3.936% due 05/15/2038   500,000 391,159
First Union - Chase Commercial Mortgage,      
Series 1999-C2, Class A2      
6.645% due 06/15/2031   115,151 114,115
General Electric Capital Assurance Company,    
Series 2003-1, Class A5      
5.7426% due 05/12/2035 (b)(h)   89,275 62,855
Government National Mortgage Association, Series    
2006-38, Class XS      
2.7813% IO due 09/16/2035 (b)   70,897 7,169

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
GS Mortgage Securities Corp. II, Series 2006-GG6,    
Class A4      
5.553% due 04/10/2038 (b) $ 1,000,000 $ 706,458
JPMorgan Chase Commercial Mortgage Securities    
Corp, Series 2004-CBX, Class A6      
4.899% due 01/12/2037   315,000 227,944
JPMorgan Chase Commercial Mortgage Securities    
Corp, Series 2007-CB18, Class A4      
5.44% due 06/12/2047   45,000 27,267
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2006-LDP7, Class A4      
6.0653% due 04/15/2045 (b)   1,645,000 1,104,218
JPMorgan Chase Commercial Mortgage      
Securities Corp., Series 2005-LDP4, Class A4    
4.918% due 10/15/2042 (b)   940,000 648,960
LB-UBS Commercial Mortgage Trust,      
Series 2001-C7, Class A3      
5.642% due 12/15/2025   76,661 72,046
LB-UBS Commercial Mortgage Trust,      
Series 2002-C1,Class A4      
6.462% due 03/15/2031   202,898 184,749
LB-UBS Commercial Mortgage Trust,      
Series 2006-C4, Class A4      
6.0802% due 06/15/2038 (b)   500,000 354,845
Merrill Lynch Mortgage Trust, Series 2005-CIP1,    
Class A4      
5.047% due 07/12/2038 (b)   500,000 365,821
Merrill Lynch Mortgage Trust, Series 2006-C1,    
Class A4      
5.8409% due 05/12/2039 (b)   500,000 351,552
Morgan Stanley Capital I, Series 2007-HQ11,    
Class A4      
5.447% due 02/12/2044 (b)   1,000,000 640,131
Morgan Stanley Dean Witter Capital I,      
Series 2001, Class A4      
6.39% due 06/15/2011   108,136 99,980
Morgan Stanley Dean Witter Capital I,      
Series 2001-TOP5, Class A4      
6.39% due 10/15/2035   270,531 247,135
Morgan Stanley Dean Witter      
Capital I, Series 2002-TOP7, Class A2      
5.98% due 01/15/2039   40,579 35,899
Nomura Asset Securities Corp.,      
Series 1998-D6, Class A1B      
6.59% due 03/15/2030   16,872 16,805
Prudential Commercial Mortgage Trust, Series    
2003-PWR1, Class A1      
3.669% due 02/11/2036   153,228 140,848
Prudential Commercial Mortgage Trust,      
Series 2003-PWR1, Class A2      
4.493% due 02/11/2036       405,797      327,201
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $17,645,863)     $ 13,023,892
 
ASSET BACKED SECURITIES - 2.92%      
AmeriCredit Automobile Receivables Trust,      
Series 2005-AX, Class A4      
3.93% due 10/06/2011   397,735 362,007
Chase Issuance Trust, Series 2008-A4, Class A4    
4.65% due 03/15/2015   345,000 298,556

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Chase Manhattan Auto Owner Trust,      
Series 2005-B, Class A4      
4.88% due 06/15/2012 $ 472,179 $ 468,510
Dominos Pizza Master Issuer LLC,      
Series 2007-1, Class A2      
5.261% due 04/25/2037 (h)   300,000 209,764
Ford Credit Auto Owner Trust, Series 2005-C,      
Class A4      
4.36% due 06/15/2010   175,997 173,539
Harley-Davidson Motorcycle Trust,      
Series 2005-1, Class A2      
3.76% due 12/17/2012   201,738 193,207
M&I Auto Loan Trust, Series 2005-1, Class A4      
4.86% due 03/21/2011   477,804 468,586
Massachusetts RRB Special Purpose Trust,      
Series 1999-1, Class A5      
7.03% due 03/15/2012   360,560 368,208
Massachusetts RRB Special Purpose Trust,      
Series 2001-1, Class A      
6.53% due 06/01/2013   66,806 69,234
Peco Energy Transition Trust,      
Series 2001-A, Class A1      
6.52% due 12/31/2010   33,000 33,144
USAA Auto Owner Trust, Series 2005-4, Class A4    
4.89% due 08/15/2012   682,550 667,261
Wachovia Auto Owner Trust,      
Series 2005-B, Class A5      
4.93% due 11/20/2012   700,000 664,298
WFS Financial Owner Trust,      
Series 2005-2, Class A4      
4.39% due 11/19/2012   57,887 57,617
World Omni Auto Receivables Trust,      
Series 2005-A, Class A4      
3.82% due 11/14/2011      356,539    349,195
TOTAL ASSET BACKED SECURITIES      
(Cost $4,644,497)     $ 4,383,126
 
REPURCHASE AGREEMENTS - 0.27%      
Credit Suisse Tri-Party Repurchase      
Agreement dated 11/28/2008 at      
0.32% to be repurchased at      
$400,011 on 12/01/2008,      
collateralized by $430,000 Federal      
National Mortgage Association,      
5.00% due 08/01/2037 (valued at      
$409,548, including interest) $ 400,000 $ 400,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $400,000)     $ 400,000
 
SHORT TERM INVESTMENTS - 3.62%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 5,424,500 $ 5,424,500
TOTAL SHORT TERM INVESTMENTS      
(Cost $5,424,500)     $ 5,424,500
Total Investments (Investment Quality Bond Fund)    
(Cost $167,625,385) - 101.59%     $ 152,270,392
Liabilities in Excess of Other Assets - (1.59)%     (2,385,268)
TOTAL NET ASSETS - 100.00%     $ 149,885,124

Large Cap Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 97.52%    
Advertising - 1.89%    
Interpublic Group of Companies, Inc. * 309,400 $ 1,265,446
Omnicom Group, Inc. 70,150 1,984,544
    3,249,990
Apparel & Textiles - 0.50%    
Coach, Inc. * 48,300 864,570
Auto Parts - 2.57%    
BorgWarner, Inc. 88,138 2,085,345
Johnson Controls, Inc. 132,081 2,332,551
    4,417,896
Automobiles - 1.66%    
PACCAR, Inc. 102,600 2,859,462
Banking - 3.00%    
City National Corp. 24,800 1,088,224
Fifth Third Bancorp 194,295 1,857,460
SunTrust Banks, Inc. 69,700 2,211,581
    5,157,265
Biotechnology - 4.98%    
Amgen, Inc. * 47,000 2,610,380
Cephalon, Inc. * (a) 11,103 815,848
Genzyme Corp. * 58,602 3,751,700
Millipore Corp. * 27,100 1,372,886
    8,550,814
Broadcasting - 1.05%    
News Corp., Class A 227,900 1,800,410
Building Materials & Construction - 0.56%    
Masco Corp. 99,578 953,957
Cable & Television - 3.14%    
Comcast Corp., Class A 310,900 5,391,006
Chemicals - 0.36%    
Celanese Corp., Series A 53,200 614,460
Coal - 1.05%    
Peabody Energy Corp. 77,200 1,808,796
Computer Services - 0.87%    
NetApp, Inc. * 110,200 1,487,700
Computers & Business Equipment - 1.49%    
Apple, Inc. * 6,800 630,156
Hewlett-Packard Company 32,400 1,143,072
Seagate Technology 188,600 794,006
    2,567,234
Crude Petroleum & Natural Gas - 4.38%    
EOG Resources, Inc. 19,500 1,657,890
Hess Corp. 31,700 1,713,068
Marathon Oil Corp. 67,300 1,761,914
Sunoco, Inc. 30,500 1,212,070
Ultra Petroleum Corp. * 29,300 1,190,459
    7,535,401
Drugs & Health Care - 2.93%    
Wyeth 139,918 5,038,447
Electrical Utilities - 4.09%    
American Electric Power Company, Inc. 59,543 1,863,100

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Utilities (continued)    
Exelon Corp. 77,113 $ 4,334,522
Pepco Holdings, Inc. 46,581 837,992
    7,035,614
Energy - 2.22%    
Sempra Energy 81,714 3,813,592
Financial Services - 7.20%    
Bank of New York Mellon Corp. 100,668 3,041,180
Discover Financial Services 244,656 2,502,831
Morgan Stanley 159,313 2,349,867
Wells Fargo & Company 154,778 4,471,536
    12,365,414
Food & Beverages - 3.65%    
PepsiCo, Inc. 65,000 3,685,500
Sysco Corp. 110,700 2,595,915
    6,281,415
Gas & Pipeline Utilities - 0.39%    
NiSource, Inc. 56,298 678,391
Healthcare Products - 2.91%    
Covidien, Ltd. 53,900 1,986,215
Medtronic, Inc. 66,534 2,030,618
Zimmer Holdings, Inc. * 26,400 985,248
    5,002,081
Healthcare Services - 2.15%    
DaVita, Inc. * 23,500 1,180,875
Medco Health Solutions, Inc. * 59,700 2,507,400
    3,688,275
Hotels & Restaurants - 1.85%    
Starbucks Corp. * 235,400 2,102,122
Starwood Hotels & Resorts Worldwide, Inc. 63,500 1,070,610
    3,172,732
Household Products - 0.96%    
Fortune Brands, Inc. 43,800 1,655,640
Industrial Machinery - 1.03%    
Pall Corp. 64,500 1,774,395
Insurance - 4.94%    
ACE, Ltd. 58,700 3,067,075
AFLAC, Inc. 79,600 3,685,480
MetLife, Inc. 35,700 1,026,732
Principal Financial Group, Inc. 51,700 713,977
    8,493,264
International Oil - 3.00%    
Anadarko Petroleum Corp. 38,500 1,580,425
Chevron Corp. 45,300 3,579,153
    5,159,578
Leisure Time - 1.42%    
Carnival Corp. 97,399 2,045,379
Royal Caribbean Cruises, Ltd. (a) 42,000 395,640
    2,441,019
Life Sciences - 0.70%    
Pharmaceutical Product Development, Inc. 32,700 861,318

Large Cap Fund (continued)      
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Life Sciences (continued)      
Waters Corp. *   8,100 $ 333,963
      1,195,281
Liquor - 0.75%      
Constellation Brands, Inc., Class A *   101,100 1,290,036
Manufacturing - 5.50%      
General Electric Company   329,400 5,655,798
Illinois Tool Works, Inc.   111,448 3,802,606
      9,458,404
Petroleum Services - 3.18%      
Baker Hughes, Inc.   77,500 2,699,325
Halliburton Company   156,700 2,757,920
      5,457,245
Pharmaceuticals - 1.69%      
Allergan, Inc.   77,026 2,902,340
Railroads & Equipment - 0.72%      
Burlington Northern Santa Fe Corp. (a)   16,250 1,244,913
Retail Trade - 1.73%      
J.C. Penney Company, Inc. (a)   90,500 1,718,595
Macy's, Inc.   168,800 1,252,496
      2,971,091
Semiconductors - 5.28%      
Analog Devices, Inc.   143,900 2,460,690
Broadcom Corp., Class A *   72,200 1,105,382
Intel Corp.   399,100 5,507,580
      9,073,652
Software - 5.04%      
Intuit, Inc. *   97,400 2,158,384
Microsoft Corp.   224,200 4,533,324
VMware, Inc. Class A * (a)   101,455 1,963,154
      8,654,862
Telephone - 3.01%      
AT&T, Inc.   123,300 3,521,448
Sprint Nextel Corp.   594,327 1,658,172
      5,179,620
Trucking & Freight - 3.68%      
FedEx Corp.   64,983 4,591,049
Ryder Systems, Inc.   48,200 1,730,862
                    6,321,911
TOTAL COMMON STOCKS (Cost $219,531,531)     $ 167,608,173
 
INVESTMENT COMPANIES - 1.10%      
Investment Companies - 1.10%      
SPDR Trust Series 1   21,000     1,888,950
TOTAL INVESTMENT COMPANIES (Cost $1,677,627)   $ 1,888,950
 
SHORT TERM INVESTMENTS - 2.09%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 3,585,350 $  3,585,350
TOTAL SHORT TERM INVESTMENTS      
(Cost $3,585,350)     $ 3,585,350

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 1.43%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$2,462,010 on 12/01/2008,      
collateralized by $2,520,000      
Federal Home Loan Mortgage      
Corp., zero coupon due      
03/31/2009 (valued at $2,513,700,      
including interest) $ 2,462,000 $ 2,462,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $2,462,000)     $ 2,462,000
Total Investments (Large Cap Fund)      
(Cost $227,256,508) - 102.14%     $ 175,544,473
Liabilities in Excess of Other Assets - (2.14)%   (3,682,801)
TOTAL NET ASSETS - 100.00%     $ 171,861,672

Large Cap Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.92%    
Advertising - 1.59%    
Interpublic Group of Companies, Inc. * 729,000 $ 2,981,610
Omnicom Group, Inc. 129,000 3,649,410
    6,631,020
Aerospace - 3.41%    
Alliant Techsystems, Inc. * 11,000 904,200
General Dynamics Corp. 106,000 5,477,020
Lockheed Martin Corp. 6,520 502,757
Northrop Grumman Corp. 124,000 5,077,800
Raytheon Company 46,000 2,244,800
    14,206,577
Air Travel - 0.80%    
Southwest Airlines Company 385,000 3,330,250
Banking - 0.42%    
Bank of America Corp. 108,000 1,755,000
Biotechnology - 2.23%    
Amgen, Inc. * 167,000 9,275,180
Business Services - 0.58%    
Computer Sciences Corp. * 52,000 1,448,720
R.R. Donnelley & Sons Company 77,000 982,520
    2,431,240
Chemicals - 1.03%    
FMC Corp. 98,000 4,282,600
Commercial Services - 0.47%    
CB Richard Ellis Group, Inc. * 425,000 1,938,000
Computers & Business Equipment - 2.48%    
Hewlett-Packard Company 110,000 3,880,800
Ingram Micro, Inc., Class A * 59,000 635,430
International Business Machines Corp. 48,000 3,916,800
Xerox Corp. 267,000 1,866,330
    10,299,360

Large Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Construction & Mining Equipment - 0.29%    
Rowan Companies, Inc. 70,000 $ 1,214,500
Cosmetics & Toiletries - 3.62%    
Procter & Gamble Company 234,000 15,057,900
Crude Petroleum & Natural Gas - 5.45%    
Apache Corp. 84,000 6,493,200
Hess Corp. 60,000 3,242,400
Marathon Oil Corp. 225,000 5,890,500
Occidental Petroleum Corp. 82,000 4,439,480
Sunoco, Inc. 66,000 2,622,840
    22,688,420
Electronics - 2.10%    
Agilent Technologies, Inc. * 46,000 866,180
Jabil Circuit, Inc. 375,000 2,467,500
L-3 Communications Holdings, Inc. 63,000 4,231,710
Synopsys, Inc. * 72,000 1,154,160
    8,719,550
Energy - 1.05%    
NRG Energy, Inc. * 185,000 4,382,650
Financial Services - 2.80%    
Ameriprise Financial, Inc. 231,000 4,264,260
Capital One Financial Corp. 169,000 5,815,290
JPMorgan Chase & Company 50,000 1,583,000
    11,662,550
Food & Beverages - 1.86%    
General Mills, Inc. 84,000 5,306,280
H.J. Heinz Company 63,000 2,446,920
    7,753,200
Healthcare Products - 3.60%    
Johnson & Johnson 256,000 14,996,480
Healthcare Services - 2.67%    
McKesson Corp. 120,000 4,192,800
Medco Health Solutions, Inc. * 30,000 1,260,000
WellPoint, Inc. * 159,000 5,660,400
    11,113,200
Homebuilders - 2.21%    
Pulte Homes, Inc. 445,000 4,739,250
Toll Brothers, Inc. * 223,000 4,444,390
    9,183,640
Hotels & Restaurants - 1.06%    
McDonald's Corp. 75,000 4,406,250
Household Appliances - 0.39%    
Whirlpool Corp. 41,000 1,614,580
Industrial Machinery - 0.70%    
Parker-Hannifin Corp. 71,000 2,916,680
Insurance - 9.07%    
Aetna, Inc. 110,000 2,400,200
Allstate Corp. 193,000 4,909,920
Chubb Corp. 111,000 5,700,960
HCC Insurance Holdings, Inc. 33,000 769,230
Lincoln National Corp. 254,000 3,487,420
Marsh & McLennan Companies, Inc. 198,000 5,049,000

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance (continued)    
Prudential Financial, Inc. 161,000 $ 3,493,700
The Travelers Companies, Inc. 147,000 6,416,550
Torchmark Corp. 109,000 3,940,350
Unum Group 105,000 1,564,500
    37,731,830
International Oil - 16.09%    
Chevron Corp. 244,000 19,278,440
ConocoPhillips 221,000 11,606,920
Exxon Mobil Corp. 450,000 36,067,500
    66,952,860
Internet Software - 1.20%    
Symantec Corp. * 414,000 4,980,420
Manufacturing - 1.74%    
General Electric Company 421,000 7,228,570
Medical-Hospitals - 0.03%    
LifePoint Hospitals, Inc. * 7,000 140,420
Metal & Metal Products - 0.29%    
Reliance Steel & Aluminum Company 59,000 1,216,580
Mining - 0.89%    
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 155,000 3,718,450
Petroleum Services - 2.26%    
ENSCO International, Inc. 106,000 3,435,460
Tidewater, Inc. 110,000 4,342,800
Valero Energy Corp. 89,000 1,633,150
    9,411,410
Pharmaceuticals - 8.12%    
AmerisourceBergen Corp. 107,000 3,354,450
Eli Lilly & Company 202,000 6,898,300
King Pharmaceuticals, Inc. * 305,000 2,931,050
Merck & Company, Inc. 241,000 6,439,520
Pfizer, Inc. 861,000 14,146,230
    33,769,550
Railroads & Equipment - 0.95%    
CSX Corp. 106,000 3,947,440
Retail Grocery - 1.14%    
The Kroger Company 171,000 4,729,860
Retail Trade - 2.83%    
BJ's Wholesale Club, Inc. * (a) 115,000 4,114,700
RadioShack Corp. 358,000 3,526,300
The Gap, Inc. 319,000 4,153,380
    11,794,380
Sanitary Services - 0.96%    
Waste Management, Inc. 137,000 4,000,400
Semiconductors - 3.18%    
Integrated Device Technology, Inc. * 148,000 765,160
Intersil Corp., Class A 363,000 3,288,780
KLA-Tencor Corp. 183,000 3,442,230
Novellus Systems, Inc. * 196,000 2,428,440
QLogic Corp. * 313,000 3,324,060
    13,248,670

Large Cap Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Software - 0.73%      
CA, Inc.   35,000 $ 589,400
Compuware Corp. *   175,000 1,111,250
Oracle Corp. *   83,441 1,342,566
      3,043,216
Steel - 1.05%      
United States Steel Corp.   144,000 4,377,600
Telephone - 4.34%      
AT&T, Inc.   271,000 7,739,760
CenturyTel, Inc.   123,000 3,266,880
Sprint Nextel Corp.   2,355,000 6,570,450
Verizon Communications, Inc.   15,000 489,750
      18,066,840
Toys, Amusements & Sporting Goods - 0.70%    
Hasbro, Inc.   108,000 2,894,400
Transportation - 0.54%      
Overseas Shipholding Group, Inc.      60,000             2,223,600
TOTAL COMMON STOCKS (Cost $521,999,282)   $ 403,335,323
 
SHORT TERM INVESTMENTS - 0.03%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 111,600 $ 111,600
TOTAL SHORT TERM INVESTMENTS      
(Cost $111,600)     $ 111,600
 
REPURCHASE AGREEMENTS - 0.08%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$338,001 on 12/1/2008,      
collateralized by $350,000 Federal      
National Mortgage Association,      
5.55% due 07/10/2028 (valued at      
$347,813, including interest) $ 338,000 $ 338,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $338,000)     $ 338,000
Total Investments (Large Cap Value Fund)      
(Cost $522,448,882) - 97.03%     $ 403,784,923
Other Assets in Excess of Liabilities - 2.97%     12,360,756
TOTAL NET ASSETS - 100.00%     $ 416,145,679
 
 
Mid Cap Index Fund      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 80.96%      
Advertising - 0.21%      
Lamar Advertising Company, Class A * (a)   30,584 $ 454,784
ValueClick, Inc. *   34,933 215,537
      670,321
Aerospace - 0.44%      
Alliant Techsystems, Inc. *   13,292 1,092,603

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Aerospace (continued)    
BE Aerospace, Inc. * 39,985 $ 327,077
    1,419,680
Air Travel - 0.27%    
Airtran Holdings, Inc. * 47,228 161,047
Alaska Air Group, Inc. * 14,529 333,441
JetBlue Airways Corp. * 73,763 386,518
    881,006
Apparel & Textiles - 0.85%    
Guess?, Inc. 24,294 321,409
Hanesbrands, Inc. * 37,824 488,686
Mohawk Industries, Inc. * 22,628 695,585
Phillips-Van Heusen Corp. 20,736 361,636
Timberland Company, Class A * 19,018 193,033
Under Armour, Inc., Class A * (a) 14,694 337,815
Warnaco Group, Inc. * 18,570 332,403
    2,730,567
Auto Parts - 1.03%    
ArvinMeritor, Inc. (a) 29,754 117,528
BorgWarner, Inc. 46,884 1,109,276
Federal Signal Corp. 19,161 134,510
Gentex Corp. 57,256 502,135
Modine Manufacturing Company 13,018 62,617
O'Reilly Automotive, Inc. * 54,041 1,408,849
    3,334,915
Auto Services - 0.22%    
Copart, Inc. * 26,382 703,608
Banking - 4.34%    
Associated Banc Corp. (a) 51,446 1,117,922
Astoria Financial Corp. 32,469 599,378
BancorpSouth, Inc. 28,915 643,070
Bank of Hawaii Corp. 19,268 859,545
Cathay General Bancorp, Inc. (a) 19,956 409,497
City National Corp. 16,208 711,207
Colonial Bancgroup, Inc. (a) 81,530 204,640
Commerce Bancshares, Inc. 26,551 1,163,190
Cullen Frost Bankers, Inc. 23,836 1,292,150
First Niagara Financial Group, Inc. 47,250 732,847
FirstMerit Corp. 32,615 717,530
New York Community Bancorp, Inc. 138,639 1,809,239
PacWest Bancorp 9,873 262,622
SVB Financial Group * 13,108 524,975
TCF Financial Corp. (a) 46,521 776,901
Washington Federal, Inc. 35,442 598,615
Webster Financial Corp. 21,196 317,940
WestAmerica Bancorp (a) 11,682 621,015
Wilmington Trust Corp. 27,161 657,025
    14,019,308
Biotechnology - 0.66%    
Affymetrix, Inc. * 28,336 77,641
Bio-Rad Laboratories, Inc., Class A * 6,120 453,859
Charles River Laboratories International, Inc. * 27,364 623,899
Techne Corp. 15,594 966,984
    2,122,383

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Broadcasting - 0.02%    
Belo Corp., Class A 35,454 $ 68,426
Building Materials & Construction - 0.69%    
Dycom Industries, Inc. * 15,874 94,292
Granite Construction, Inc. 13,280 569,579
KBR, Inc. (a) 68,500 943,245
RPM International, Inc. 52,512 629,619
    2,236,735
Business Services - 4.58%    
Acxiom Corp. 27,260 204,723
Alliance Data Systems Corp. * 27,139 1,175,390
Brinks Company 17,007 370,242
Cadence Design Systems, Inc. * 104,980 405,223
Corporate Executive Board Company 13,723 316,452
Deluxe Corp. 20,783 218,637
DST Systems, Inc. * 17,251 652,260
Dun & Bradstreet Corp. 22,010 1,760,800
FactSet Research Systems, Inc. (a) 17,230 689,200
Fair Isaac Corp. 19,546 276,381
Gartner Group, Inc., Class A * 23,865 366,566
Global Payments, Inc. 32,185 1,164,132
Harte-Hanks, Inc. 15,305 91,371
Kelly Services, Inc., Class A 11,076 129,035
Korn/Ferry International * 19,215 236,537
Macrovision Solutions Corp. * 33,634 395,536
Manpower, Inc. 32,027 1,008,210
MPS Group, Inc. * 37,515 248,349
Navigant Consulting Company * 18,717 353,939
NCR Corp. * 65,992 1,001,759
Rollins, Inc. 16,682 288,932
SAIC, Inc. * 77,638 1,381,956
Sotheby's (a) 27,147 269,841
SRA International, Inc., Class A * 17,159 257,728
URS Corp. * 34,060 1,292,918
Wind River Systems, Inc. * 27,989 233,428
    14,789,545
Cellular Communications - 0.48%    
RF Micro Devices, Inc. * 105,550 140,382
Telephone & Data Systems, Inc. 42,938 1,393,338
    1,533,720
Chemicals - 2.79%    
Airgas, Inc. 33,266 1,189,259
Albemarle Corp. 36,876 749,689
Ashland, Inc. 26,678 254,775
Cabot Corp. 25,923 536,347
Chemtura Corp. 97,764 163,266
Cytec Industries, Inc. 19,190 422,756
Ferro Corp. 17,635 113,393
FMC Corp. 30,172 1,318,516
Lubrizol Corp. 27,309 959,092
Minerals Technologies, Inc. 7,627 358,088
Olin Corp. 30,413 498,165
Sensient Technologies Corp. 19,482 468,347
Terra Industries, Inc. 41,197 606,008
The Scotts Company, Class A 17,464 565,135

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Valspar Corp. 40,252 $ 789,744
    8,992,580
Coal - 0.35%    
Arch Coal, Inc. 58,235 895,654
Patriot Coal Corp. * 25,573 216,604
    1,112,258
Colleges & Universities - 0.34%    
Career Education Corp. * (a) 29,648 547,895
Corinthian Colleges, Inc. * 34,446 553,892
    1,101,787
Commercial Services - 0.11%    
Brinks Home Security Holdings, Inc. * 17,007 340,140
Computers & Business Equipment - 2.16%    
3Com Corp. * 163,482 328,599
Avocent Corp. * 18,069 339,878
Diebold, Inc. 26,540 743,120
Foundry Networks, Inc. * 59,388 919,920
Ingram Micro, Inc., Class A * 66,911 720,631
Jack Henry & Associates, Inc. 34,719 639,177
Metavante Technologies, Inc. * 36,187 624,950
National Instruments Corp. 22,839 550,648
Palm, Inc. * (a) 43,805 104,694
Parametric Technology Corp. * 46,533 537,921
Tech Data Corp. * 20,368 355,218
Western Digital Corp. * 89,341 1,089,960
    6,954,716
Construction & Mining Equipment - 0.50%    
Bucyrus International, Inc., Class A 30,199 589,787
Joy Global, Inc. 43,477 1,012,579
    1,602,366
Construction Materials - 0.48%    
Louisiana-Pacific Corp. 36,666 84,698
Martin Marietta Materials, Inc. (a) 16,690 1,462,712
    1,547,410
Containers & Glass - 0.65%    
Greif, Inc., Class A 13,742 455,547
Packaging Corp. of America 41,793 623,970
Sonoco Products Company 40,151 1,007,790
    2,087,307
Correctional Facilities - 0.28%    
Corrections Corp. of America * 50,569 914,793
Cosmetics & Toiletries - 0.23%    
Alberto-Culver Company 34,144 733,072
Crude Petroleum & Natural Gas - 1.80%    
Bill Barrett Corp. * 14,905 333,425
Cimarex Energy Company 33,511 950,707
Forest Oil Corp. * 39,176 683,621
Newfield Exploration Company * 53,323 1,204,033
Patterson-UTI Energy, Inc. 63,183 789,156
Plains Exploration & Production Company * 43,403 1,004,780
Quicksilver Resources, Inc. * (a) 45,679 284,580

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Crude Petroleum & Natural Gas    
(continued)    
Unit Corp. * 19,056 $ 546,526
    5,796,828
Domestic Oil - 1.06%    
Comstock Resources, Inc. * 18,562 778,305
Denbury Resources, Inc. * 99,597 949,159
Encore Aquisition Company * 21,509 568,698
Frontier Oil Corp. 41,900 500,286
Helix Energy Solutions Group, Inc. * 37,053 238,251
Mariner Energy, Inc. * 35,842 393,903
    3,428,602
Drugs & Health Care - 0.33%    
Perrigo Company (a) 31,320 1,077,721
Educational Services - 1.22%    
DeVry, Inc. 24,773 1,423,952
ITT Educational Services, Inc. * 12,688 1,142,935
Strayer Education, Inc. 5,757 1,379,435
    3,946,322
Electrical Equipment - 1.35%    
AMETEK, Inc. 43,048 1,503,667
FLIR Systems, Inc. * (a) 56,151 1,741,804
Hubbell, Inc., Class B 22,667 677,743
Varian, Inc. * 11,846 433,564
    4,356,778
Electrical Utilities - 4.25%    
Alliant Energy Corp. 44,553 1,419,904
Black Hills Corp. 15,492 399,849
DPL, Inc. (a) 45,827 954,118
Great Plains Energy, Inc. 47,906 900,154
Hawaiian Electric Industries, Inc. 34,176 931,979
IDACORP, Inc. 18,273 555,499
Northeast Utilities 62,749 1,462,052
NSTAR 43,083 1,529,446
NV Energy, Inc. 94,425 895,149
OGE Energy Corp. 37,230 986,223
PNM Resources, Inc. 34,851 364,193
Puget Energy, Inc. 52,309 1,280,524
Quanta Services, Inc. * 70,761 1,150,574
Westar Energy, Inc. 43,626 882,554
    13,712,218
Electronics - 1.84%    
Arrow Electronics, Inc. * 48,259 665,974
Avnet, Inc. * 60,671 863,955
Imation Corp. 12,147 161,312
Mentor Graphics Corp. * 37,255 252,589
Synopsys, Inc. * 58,123 931,712
Teleflex, Inc. 16,002 758,175
Thomas & Betts Corp. * 23,228 441,100
Trimble Navigation, Ltd. * 48,770 992,957
Vishay Intertechnology, Inc. * 75,198 327,863
Zebra Technologies Corp., Class A * 26,304 556,593
    5,952,230

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Energy - 1.25%    
Energen Corp. 28,921 $ 890,767
MDU Resources Group, Inc. 73,905 1,502,489
SCANA Corp. 47,187 1,639,748
    4,033,004
Financial Services - 2.99%    
Affiliated Managers Group, Inc. * 16,473 461,244
AmeriCredit Corp. * (a) 46,918 344,847
Apollo Investment Corp. 57,368 487,054
Broadridge Financial Solutions, Inc. 56,664 645,970
Eaton Vance Corp. 46,806 894,931
Fidelity National Financial, Inc., Class A 85,296 1,051,700
Fulton Financial Corp. 70,411 782,970
GATX Corp. 19,644 552,979
Jefferies Group, Inc. 48,437 602,556
Lender Processing Services, Inc. 33,655 742,429
Raymond James Financial, Inc. (a) 38,721 850,701
SEI Investments Company 54,085 836,154
Synovus Financial Corp. (a) 113,197 941,799
Waddell & Reed Financial, Inc., Class A 34,575 464,688
    9,660,022
Food & Beverages - 1.77%    
Corn Products International, Inc. 30,036 822,986
Flowers Foods, Inc. 32,400 867,672
Hansen Natural Corp. * 29,798 886,491
Hormel Foods Corp. 28,279 751,090
PepsiAmericas, Inc. 23,106 387,257
Ralcorp Holdings, Inc. * 22,674 1,418,485
Smithfield Foods, Inc. * (a) 47,169 321,221
Tootsie Roll Industries, Inc. 10,440 270,918
    5,726,120
Forest Products - 0.33%    
Rayonier, Inc. 31,715 1,059,281
Funeral Services - 0.19%    
Service Corp. International 103,732 603,720
Furniture & Fixtures - 0.02%    
Furniture Brands International, Inc. 16,728 54,533
Gas & Pipeline Utilities - 2.57%    
AGL Resources, Inc. 30,927 931,212
Equitable Resources, Inc. 52,783 1,761,369
National Fuel Gas Company 32,865 1,069,098
ONEOK, Inc. 42,125 1,235,948
Southern Union Company 47,250 649,215
UGI Corp. 43,422 1,014,338
Vectren Corp. 32,664 919,818
WGL Holdings, Inc. 20,133 726,801
    8,307,799
Healthcare Products - 2.76%    
Advanced Medical Optics, Inc. * 21,003 122,028
Beckman Coulter, Inc. 25,093 1,093,553
Edwards Lifesciences Corp. * 22,681 1,128,833
Gen-Probe, Inc. * 21,868 805,836
Henry Schein, Inc. * 36,051 1,288,102
Hologic, Inc. * 103,368 1,453,354

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Healthcare Products (continued)    
IDEXX Laboratories, Inc. * 23,975 $ 741,067
Kinetic Concepts, Inc. * (a) 22,825 493,933
ResMed, Inc. * 30,480 1,107,643
STERIS Corp. 23,829 658,872
    8,893,221
Healthcare Services - 1.69%    
Cerner Corp. * (a) 27,376 984,989
Covance, Inc. * 25,423 993,531
Health Net, Inc. * 43,293 390,070
Hill-Rom Holdings, Inc. (a) 25,208 517,772
Kindred Healthcare, Inc. * 12,062 129,425
Lincare Holdings, Inc. * 29,612 708,615
Omnicare, Inc. 41,949 1,011,390
Psychiatric Solutions, Inc. * 22,452 568,036
WellCare Health Plans, Inc. * 16,823 150,734
    5,454,562
Homebuilders - 0.87%    
Hovnanian Enterprises, Inc., Class A * (a) 20,432 44,746
M.D.C. Holdings, Inc. 14,769 457,839
NVR, Inc. * 2,189 950,573
Ryland Group, Inc. 17,189 291,697
Toll Brothers, Inc. * 52,552 1,047,362
    2,792,217
Hotels & Restaurants - 0.67%    
Bob Evans Farms, Inc. 12,478 209,256
Boyd Gaming Corp. 23,018 101,279
Brinker International, Inc. 40,897 271,556
Chipotle Mexican Grill, Inc., Class A * (a) 13,302 659,513
The Cheesecake Factory, Inc. * 24,087 175,354
Wendy's/Arby's Group, Inc. 188,567 758,039
    2,174,997
Household Products - 0.99%    
Blyth, Inc. 9,755 80,869
Church & Dwight, Inc. 26,877 1,597,569
Energizer Holdings, Inc. * 23,457 1,018,503
Tupperware Brands Corp. 25,061 492,950
    3,189,891
Industrial Machinery - 2.14%    
AGCO Corp. * 37,004 911,038
Crane Company 19,539 289,568
Donaldson Company, Inc. 31,709 1,085,082
FMC Technologies, Inc. * 51,397 1,411,876
Graco, Inc. 24,225 519,869
IDEX Corp. 33,301 765,923
Kennametal, Inc. (a) 30,893 577,699
Lincoln Electric Holdings, Inc. 17,283 789,660
Terex Corp. * 39,208 559,106
    6,909,821
Industrials - 0.62%    
Clean Harbors, Inc. * 8,067 509,270
Harsco Corp. 34,008 855,301
Shaw Group, Inc. * 33,669 619,509
    1,984,080

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance - 4.50%    
American Financial Group, Inc. 30,203 $ 618,859
Arthur J. Gallagher & Company 37,635 933,348
Brown & Brown, Inc. 46,542 926,186
Everest Re Group, Ltd. 24,883 1,952,320
First American Corp. 37,360 897,387
Hanover Insurance Group, Inc. 20,561 829,020
HCC Insurance Holdings, Inc. 46,267 1,078,484
Horace Mann Educators Corp. 15,757 134,250
Mercury General Corp. 14,353 652,918
Old Republic International Corp. 93,065 954,847
Philadelphia Consolidated Holding Corp. * 23,366 1,435,841
PMI Group, Inc. 27,986 46,737
Protective Life Corp. 28,189 262,721
Reinsurance Group of America, Inc. 28,729 1,166,397
Stancorp Financial Group, Inc. 19,721 656,906
Unitrin, Inc. 20,002 382,838
W.R. Berkley Corp. 56,499 1,606,267
    14,535,326
Internet Retail - 0.46%    
Netflix, Inc. * (a) 17,432 400,587
Priceline.com, Inc. * 15,688 1,082,472
    1,483,059
Internet Software - 0.92%    
Digital River, Inc. * 14,927 315,407
F5 Networks, Inc. * 32,467 808,428
McAfee, Inc. * 61,026 1,850,919
    2,974,754
Leisure Time - 0.59%    
Callaway Golf Company 26,140 263,230
DreamWorks Animation SKG, Inc., Class A * 32,454 749,688
International Speedway Corp., Class A 11,412 296,141
Life Time Fitness, Inc. * (a) 14,059 210,463
Scientific Games Corp., Class A * 26,210 393,412
    1,912,934
Life Sciences - 0.39%    
Pharmaceutical Product Development, Inc. 48,044 1,265,479
Manufacturing - 1.97%    
AptarGroup, Inc. 27,374 915,387
Carlisle Companies, Inc. 24,611 522,492
Lancaster Colony Corp. 8,090 243,913
Mine Safety Appliances Company 11,980 292,911
Nordson Corp. 13,757 446,415
Pentair, Inc. 39,901 991,939
Roper Industries, Inc. 36,146 1,654,402
SPX Corp. 21,855 815,629
Trinity Industries, Inc. 32,943 489,862
    6,372,950
Medical-Hospitals - 0.77%    
Community Health Systems, Inc. * 38,677 505,121
Health Management Associates, Inc., Class A * 98,569 143,911
LifePoint Hospitals, Inc. * (a) 21,477 430,829
Universal Health Services, Inc., Class B 20,522 762,392

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Medical-Hospitals (continued)    
VCA Antech, Inc. * 34,041 $ 648,481
    2,490,734
Metal & Metal Products - 0.65%    
Commercial Metals Company 46,194 553,404
Matthews International Corp., Class A 12,465 508,946
Reliance Steel & Aluminum Company 25,700 529,934
Timken Company 34,256 497,055
    2,089,339
Mining - 0.34%    
Cliffs Natural Resources, Inc. (a) 45,784 1,087,370
Mobile Homes - 0.07%    
Thor Industries, Inc. 14,312 223,840
Office Furnishings & Supplies - 0.18%    
Herman Miller, Inc. 22,477 330,637
HNI Corp. (a) 17,834 238,084
    568,721
Paper - 0.17%    
Potlatch Corp. 15,935 425,146
Temple-Inland, Inc. (a) 42,847 135,396
    560,542
Petroleum Services - 1.43%    
Exterran Holdings, Inc. * (a) 26,529 465,584
Helmerich & Payne, Inc. 42,439 1,076,253
Oceaneering International, Inc. * 22,353 577,154
Pride International, Inc. * 69,808 1,131,588
Superior Energy Services, Inc. * 32,585 549,057
Tidewater, Inc. 20,789 820,750
    4,620,386
Pharmaceuticals - 1.55%    
Endo Pharmaceutical Holdings, Inc. * 48,521 1,066,977
Medicis Pharmaceutical Corp., Class A 22,877 279,786
PDL BioPharma, Inc. * 48,172 461,488
Sepracor, Inc. * 43,906 516,335
United Therapeutics Corp. * 9,203 504,600
Valeant Pharmaceuticals International * (a) 35,524 692,007
Vertex Pharmaceuticals, Inc. * (a) 60,115 1,478,228
    4,999,421
Publishing - 0.31%    
American Greetings Corp., Class A 18,318 211,023
John Wiley & Sons, Inc., Class A 17,422 626,495
Scholastic Corp. 10,695 163,313
    1,000,831
Railroads & Equipment - 0.48%    
Kansas City Southern * (a) 36,670 803,806
Wabtec Corp. 19,537 753,933
    1,557,739
Real Estate - 4.40%    
Alexandria Real Estate Equities, Inc., REIT 12,954 573,603
AMB Property Corp., REIT (a) 39,536 680,810
BRE Properties, Inc., Class A, REIT 20,591 604,552
Camden Property Trust, REIT 21,443 567,596
Cousins Properties, Inc., REIT (a) 17,601 189,739

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Real Estate (continued)    
Duke Realty Corp., REIT 59,250 $ 486,442
Equity One, Inc., REIT (a) 12,841 212,518
Essex Property Trust, Inc., REIT 10,313 891,765
Federal Realty Investment Trust, REIT 23,764 1,374,510
Health Care, Inc., REIT 41,107 1,562,066
Highwoods Properties, Inc., REIT 25,466 608,128
Hospitality Properties Trust, REIT 37,897 434,300
Jones Lang LaSalle, Inc. 16,290 388,191
Liberty Property Trust, REIT 39,560 756,387
Macerich Company, REIT (a) 30,109 405,267
Mack-California Realty Corp., REIT 26,525 503,179
Nationwide Health Properties, Inc., REIT 39,039 883,453
Realty Income Corp., REIT (a) 40,878 825,327
Regency Centers Corp., REIT 28,224 1,005,057
UDR, Inc., REIT 54,871 830,198
Weingarten Realty Investors, REIT 30,150 429,939
    14,213,027
Retail Grocery - 0.13%    
Ruddick Corp. 15,775 431,604
Retail Trade - 4.01%    
99 Cents Only Stores * 18,934 204,109
Advance Auto Parts, Inc. 38,587 1,171,501
Aeropostale, Inc. * (a) 26,976 407,877
American Eagle Outfitters, Inc. 83,051 797,290
AnnTaylor Stores Corp. * 23,014 103,333
Barnes & Noble, Inc. (a) 14,838 234,144
BJ's Wholesale Club, Inc. * 23,943 856,681
Borders Group, Inc. 24,420 26,129
CarMax, Inc. * 88,893 676,476
Chico's FAS, Inc. * 71,200 181,560
Coldwater Creek, Inc. * 19,069 36,612
Collective Brands, Inc. * 25,744 196,942
Dick's Sporting Goods, Inc. * 34,234 431,691
Dollar Tree, Inc. * 36,475 1,545,081
Foot Locker, Inc. 62,513 420,713
J. Crew Group, Inc. * 20,902 211,946
MSC Industrial Direct Company, Inc., Class A (a) 18,266 632,186
NBTY, Inc. * 21,911 319,243
Pacific Sunwear of California, Inc. * 26,504 40,021
PetSmart, Inc. 51,080 896,454
Regis Corp. 17,377 190,973
Rent-A-Center, Inc. * 26,898 441,396
Ross Stores, Inc. 53,056 1,405,984
Saks, Inc. * (a) 57,239 246,700
United Rentals, Inc. * 23,920 193,034
Urban Outfitters, Inc. * 45,890 833,821
Williams-Sonoma, Inc. 34,916 244,761
    12,946,658
Sanitary Services - 0.83%    
Aqua America, Inc. 54,399 1,179,914
Republic Services, Inc. 62,400 1,497,600
    2,677,514
Semiconductors - 1.28%    
Atmel Corp. * 179,988 503,966
Cree, Inc. * (a) 35,536 564,312

Mid Cap Index Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Semiconductors (continued)      
Fairchild Semiconductor International, Inc. * 50,422 $ 201,184
Integrated Device Technology, Inc. *   68,532 354,310
International Rectifier Corp. *   29,376 343,405
Intersil Corp., Class A   49,896 452,058
Lam Research Corp. *   50,595 1,022,019
Semtech Corp. *   24,909 281,970
Silicon Laboratories, Inc. *   19,286 404,235
      4,127,459
Software - 0.81%      
ACI Worldwide, Inc. *   13,887 218,026
Advent Software, Inc. * (a)   6,707 149,566
ANSYS, Inc. *   35,865 1,035,064
ManTech International Corp. *   7,610 414,136
Sybase, Inc. *   32,462 799,864
      2,616,656
Steel - 0.36%      
Carpenter Technology Corp.   17,903 298,264
Steel Dynamics, Inc.   65,228 538,783
Worthington Industries, Inc. (a)   24,148 320,686
      1,157,733
Telecommunications Equipment &      
Services - 0.77%      
ADC Telecommunications, Inc. *   47,493 337,675
ADTRAN, Inc.   22,513 319,685
CommScope, Inc. *   28,327 319,812
NeuStar, Inc., Class A *   31,769 608,376
Plantronics, Inc.   19,735 250,832
Polycom, Inc. *   34,321 646,264
      2,482,644
Telephone - 0.05%      
Cincinnati Bell, Inc. *   95,006 164,360
Tobacco - 0.10%      
Universal Corp.   10,250 327,692
Toys, Amusements & Sporting Goods - 0.18%    
Marvel Entertainment, Inc. *   19,784 582,639
Transportation - 0.41%      
Alexander & Baldwin, Inc.   16,679 431,152
Con-way, Inc.   18,434 515,599
Overseas Shipholding Group, Inc.   10,189 377,604
      1,324,355
Trucking & Freight - 0.46%      
J.B. Hunt Transport Services, Inc.   32,936 883,014
Oshkosh Corp.   30,065 210,455
Werner Enterprises, Inc.   17,173 298,467
YRC Worldwide, Inc. * (a)   23,107 91,966
                   1,483,902
TOTAL COMMON STOCKS (Cost $395,026,575)   $ 261,290,278
 
SHORT TERM INVESTMENTS - 23.73%    
Federal National Mortgage Association Discount    
Notes      
zero coupon due 02/02/2009 to      
03/16/2009 $ 28,900,000 $ 28,852,713

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS (continued)    
Federal National Mortgage Association Discount    
Notes (continued)      
zero coupon due 02/17/2009 (a) $ 7,680,000 $ 7,664,525
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   28,697,539 28,697,539
Societe Generale North America      
0.49% due 12/01/2008   11,360,000        11,360,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $76,574,777)     $ 76,574,777
Total Investments (Mid Cap Index Fund)    
(Cost $471,601,352) - 104.69%     $ 337,865,055
Liabilities in Excess of Other Assets - (4.69)%   (15,121,927)
TOTAL NET ASSETS - 100.00%     $ 322,743,128

Mid Cap Intersection Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 94.67%    
Aerospace - 1.46%    
Alliant Techsystems, Inc. * 7,900 $ 649,380
Esterline Technologies Corp. * 9,400 346,954
Teledyne Technologies, Inc. * 11,700 475,254
Woodward Governor Company 16,500 350,460
    1,822,048
Apparel & Textiles - 0.38%    
Warnaco Group, Inc. * 26,820 480,078
Banking - 3.80%    
Astoria Financial Corp. 15,600 287,976
Comerica, Inc. 19,200 432,960
Huntington BancShares, Inc. 28,200 225,600
International Bancshares Corp. 19,100 448,850
M&T Bank Corp. (a) 14,000 899,500
Provident Financial Services, Inc. 56,900 852,931
Sterling Bancshares, Inc. 38,400 257,280
SVB Financial Group * 18,900 756,945
Webster Financial Corp. 38,200 573,000
    4,735,042
Biotechnology - 2.61%    
Bio-Rad Laboratories, Inc., Class A * 13,700 1,015,992
Cephalon, Inc. * (a) 30,545 2,244,447
    3,260,439
Building Materials & Construction - 1.25%    
Armstrong World Industries, Inc. * 29,600 503,200
EMCOR Group, Inc. * 32,500 512,525
Lennox International, Inc. 19,700 544,508
    1,560,233
Business Services - 4.30%    
Acxiom Corp. 30,600 229,806
Affiliated Computer Services, Inc., Class A * 18,400 744,280
Alliance Data Systems Corp. * 21,700 939,827
Deluxe Corp. 21,010 221,025
Global Payments, Inc. 8,000 289,360

Mid Cap Intersection Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Business Services (continued)    
Manpower, Inc. 76,619 $ 2,411,966
R.R. Donnelley & Sons Company 17,700 225,852
Watson Wyatt Worldwide, Inc., Class A 7,400 298,368
    5,360,484
Chemicals - 2.70%    
CF Industries Holdings, Inc. 13,400 705,242
FMC Corp. 27,718 1,211,277
Intrepid Potash, Inc. * 11,000 211,200
Minerals Technologies, Inc. 8,700 408,465
Olin Corp. 24,200 396,396
Terra Industries, Inc. 29,600 435,416
    3,367,996
Coal - 0.10%    
Massey Energy Company 7,700 120,274
Computer Services - 0.31%    
NetApp, Inc. * 29,100 392,850
Computers & Business Equipment - 3.49%    
3Com Corp. * 182,800 367,428
Avocent Corp. * 53,100 998,811
Ingram Micro, Inc., Class A * 138,501 1,491,656
Parametric Technology Corp. * 44,580 515,345
Seagate Technology 77,800 327,538
Tech Data Corp. * 11,600 202,304
Western Digital Corp. * 37,300 455,060
    4,358,142
Construction & Mining Equipment - 0.54%    
Joy Global, Inc. 28,720 668,889
Containers & Glass - 0.25%    
Greif, Inc., Class A 9,300 308,295
Crude Petroleum & Natural Gas - 3.49%    
Cimarex Energy Company 25,189 714,612
Noble Energy, Inc. 31,392 1,641,174
St. Mary Land & Exploration Company 26,900 540,959
Unit Corp. * 35,100 1,006,668
W&T Offshore, Inc. 32,100 449,400
    4,352,813
Domestic Oil - 1.13%    
Continental Resources, Inc. * 13,800 269,790
Encore Aquisition Company * 28,945 765,306
McMoran Exploration Company * 19,400 218,250
Oil States International, Inc. * 7,400 158,508
    1,411,854
Drugs & Health Care - 0.29%    
Perrigo Company 10,640 366,122
Educational Services - 3.32%    
ITT Educational Services, Inc. * 29,823 2,686,456
Strayer Education, Inc. 6,060 1,452,036
    4,138,492
Electrical Equipment - 0.26%    
GrafTech International, Ltd. * 21,778 145,695
Wesco International, Inc. * 12,200 180,438
    326,133

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Utilities - 3.74%    
AES Corp. * 28,400 $ 218,396
CenterPoint Energy, Inc. 77,200 998,196
DPL, Inc. 30,400 632,928
Hawaiian Electric Industries, Inc. 31,700 864,459
Pepco Holdings, Inc. 80,485 1,447,925
Unisource Energy Corp. 18,000 505,260
    4,667,164
Electronics - 1.77%    
Avnet, Inc. * 46,200 657,888
Synopsys, Inc. * 45,600 730,968
Vishay Intertechnology, Inc. * 187,400 817,064
    2,205,920
Energy - 3.11%    
Energen Corp. 36,100 1,111,880
MDU Resources Group, Inc. 80,453 1,635,610
SCANA Corp. 32,400 1,125,900
    3,873,390
Financial Services - 3.21%    
Ameriprise Financial, Inc. 38,200 705,172
Discover Financial Services 104,900 1,073,127
Invesco, Ltd. 30,400 381,520
Knight Capital Group, Inc. * 32,000 529,600
UMB Financial Corp. (a) 27,500 1,314,775
    4,004,194
Food & Beverages - 1.63%    
Hormel Foods Corp. 23,900 634,784
Pepsi Bottling Group, Inc. 27,700 501,093
Ralcorp Holdings, Inc. * 14,300 894,608
    2,030,485
Furniture & Fixtures - 0.10%    
Furniture Brands International, Inc. (a) 39,300 128,118
Gas & Pipeline Utilities - 3.40%    
Atmos Energy Corp. 13,500 336,555
National Fuel Gas Company 36,600 1,190,598
Questar Corp. 14,300 460,317
UGI Corp. 96,490 2,254,006
    4,241,476
Healthcare Products - 2.15%    
Beckman Coulter, Inc. 28,142 1,226,428
Medicines Company * 30,200 389,278
STERIS Corp. 14,100 389,865
Varian Medical Systems, Inc. * 16,600 669,976
    2,675,547
Healthcare Services - 2.14%    
Coventry Health Care, Inc. * 38,500 480,095
Health Net, Inc. * 45,500 409,955
Healthspring, Inc. * 32,300 471,257
Humana, Inc. * 10,700 323,461
Omnicare, Inc. 40,900 986,099
    2,670,867
Homebuilders - 0.36%    
NVR, Inc. * 600 260,550

Mid Cap Intersection Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Homebuilders (continued)    
Walter Industries, Inc. 10,100 $ 184,224
    444,774
Industrial Machinery - 4.42%    
AGCO Corp. * 35,999 886,295
Dover Corp. 46,870 1,398,132
Flowserve Corp. 13,500 679,455
FMC Technologies, Inc. * 14,700 403,809
Gardner Denver, Inc. * 26,990 668,003
Manitowoc Company, Inc. 34,300 270,284
Parker-Hannifin Corp. 23,510 965,791
Robbins & Myers, Inc. 10,700 240,750
    5,512,519
Industrials - 0.35%    
Harsco Corp. 17,117 430,493
Insurance - 5.74%    
Allied World Assurance Holdings, Ltd. 30,400 1,074,944
American Financial Group, Inc. 25,100 514,299
Axis Capital Holdings, Ltd. 38,600 976,966
Employers Holdings, Inc. 26,200 426,798
Everest Re Group, Ltd. 25,506 2,001,201
Reinsurance Group of America, Inc. 23,000 933,800
Transatlantic Holdings, Inc. 5,500 218,020
Unum Group 68,400 1,019,160
    7,165,188
Internet Retail - 0.94%    
Netflix, Inc. * (a) 50,897 1,169,613
Internet Software - 2.02%    
F5 Networks, Inc. * 15,700 390,930
McAfee, Inc. * 66,549 2,018,431
Salesforce.com, Inc. * 3,800 108,756
    2,518,117
Leisure Time - 0.58%    
WMS Industries, Inc. * 29,500 727,175
Manufacturing - 1.13%    
Acuity Brands, Inc. 34,260 923,649
SPX Corp. 13,090 488,519
    1,412,168
Medical-Hospitals - 1.77%    
LifePoint Hospitals, Inc. * (a) 55,345 1,110,221
Universal Health Services, Inc., Class B 29,500 1,095,925
    2,206,146
Metal & Metal Products - 1.36%    
Precision Castparts Corp. 19,069 1,195,626
Reliance Steel & Aluminum Company 24,247 499,973
    1,695,599
Mining - 0.65%    
Cliffs Natural Resources, Inc. (a) 33,980 807,025
Office Furnishings & Supplies - 0.35%    
Herman Miller, Inc. 29,900 439,829
Petroleum Services - 1.28%    
Complete Production Services, Inc. * 20,700 169,533

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Petroleum Services (continued)    
SEACOR Holdings, Inc. * 5,100 $ 337,263
Superior Energy Services, Inc. * 24,000 404,400
Tidewater, Inc. 17,200 679,056
    1,590,252
Pharmaceuticals - 3.09%    
Alkermes, Inc. * 58,100 428,778
Amylin Pharmaceuticals, Inc. * (a) 34,500 255,645
Regeneron Pharmaceuticals, Inc. * 19,700 304,562
Sepracor, Inc. * 30,300 356,328
Vertex Pharmaceuticals, Inc. * (a) 57,822 1,421,843
Watson Pharmaceuticals, Inc. * 45,700 1,085,375
    3,852,531
Publishing - 0.66%    
American Greetings Corp., Class A 42,100 484,992
Scholastic Corp. 22,500 343,575
    828,567
Railroads & Equipment - 0.50%    
Wabtec Corp. 16,000 617,440
Real Estate - 3.77%    
Annaly Capital Management, Inc., REIT 65,500 941,235
Camden Property Trust, REIT 15,400 407,638
Douglas Emmett, Inc., REIT 49,400 503,880
Duke Realty Corp., REIT 35,400 290,634
Hatteras Financial Corp., REIT 19,200 494,784
Kimco Realty Corp., REIT 15,300 216,495
Liberty Property Trust, REIT 64,900 1,240,888
Mack-California Realty Corp., REIT 21,300 404,061
Taubman Centers, Inc., REIT 8,400 200,256
    4,699,871
Retail Grocery - 0.44%    
SUPERVALU, Inc. 46,400 552,624
Retail Trade - 5.77%    
Advance Auto Parts, Inc. 18,100 549,516
American Eagle Outfitters, Inc. 54,215 520,464
Big Lots, Inc. * 39,200 686,784
BJ's Wholesale Club, Inc. * (a) 59,700 2,136,066
Dollar Tree, Inc. * 7,400 313,464
Foot Locker, Inc. 40,900 275,257
Rent-A-Center, Inc. * 38,000 623,580
Ross Stores, Inc. 54,800 1,452,200
Urban Outfitters, Inc. * 35,500 645,035
    7,202,366
Semiconductors - 1.71%    
Emulex Corp. * 44,600 317,998
Lam Research Corp. * 89,572 1,809,354
    2,127,352
Software - 2.65%    
BMC Software, Inc. * 87,400 2,181,504
Sybase, Inc. * 45,799 1,128,487
    3,309,991
Steel - 0.32%    
Steel Dynamics, Inc. 49,000 404,740

Mid Cap Intersection Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunications Equipment &      
Services - 0.22%      
Embarq Corp.   8,400 $ 274,176
Telephone - 1.17%      
CenturyTel, Inc.   54,800 1,455,488
Toys, Amusements & Sporting Goods - 0.69%    
Hasbro, Inc.   32,300 865,640
Transportation - 0.36%      
Overseas Shipholding Group, Inc.   12,000 444,720
Trucking & Freight - 1.44%      
J.B. Hunt Transport Services, Inc.   29,000 777,490
Landstar Systems, Inc.   14,500 466,030
Werner Enterprises, Inc.   31,700 550,946
            1,794,466
TOTAL COMMON STOCKS (Cost $175,827,893)   $ 118,076,215
 
SHORT TERM INVESTMENTS - 7.33%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 9,146,850 $ 9,146,850
TOTAL SHORT TERM INVESTMENTS      
(Cost $9,146,850)     $ 9,146,850
 
REPURCHASE AGREEMENTS - 7.98%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$9,949,041 on 12/1/2008,      
collateralized by $9,500,000      
Federal National Mortgage      
Association, 5.00% due      
03/15/2016 (valued at      
$10,153,125, including interest) $ 9,949,000 $ 9,949,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $9,949,000)     $ 9,949,000
Total Investments (Mid Cap Intersection Fund)    
(Cost $194,923,743) - 109.98%     $ 137,172,065
Liabilities in Excess of Other Assets - (9.98)%     (12,450,927)
TOTAL NET ASSETS - 100.00%     $ 124,721,138

Mid Cap Stock Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.19%    
Advertising - 0.46%    
Focus Media Holding, Ltd., ADR * (a) 266,500 $ 1,990,755
Aerospace - 0.92%    
Rolls-Royce Group PLC * 40,314,102 62
Teledyne Technologies, Inc. * 96,900 3,936,078
    3,936,140
Air Travel - 1.87%    
JetBlue Airways Corp. * 730,100 3,825,724

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Air Travel (continued)    
Ryanair Holdings PLC, SADR * 160,900 $ 4,225,234
    8,050,958
Apparel & Textiles - 0.36%    
ASICS Corp. 255,700 1,549,137
Auto Parts - 0.20%    
LKQ Corp. * 81,600 850,272
Automobiles - 1.07%    
PACCAR, Inc. 165,300 4,606,911
Banking - 0.73%    
Comerica, Inc. 6,700 151,085
M&T Bank Corp. (a) 46,600 2,994,050
    3,145,135
Biotechnology - 2.68%    
Cephalon, Inc. * (a) 102,577 7,537,358
Charles River Laboratories International, Inc. * 173,600 3,958,080
    11,495,438
Business Services - 3.29%    
Ariba, Inc. * 660,600 5,317,830
Global Payments, Inc. 83,400 3,016,578
Informatica Corp. * 211,300 2,932,844
Net 1 UEPS Technologies, Inc. * 283,200 2,888,640
    14,155,892
Cellular Communications - 2.18%    
MetroPCS Communications, Inc. * (a) 639,400 9,360,816
Chemicals - 2.69%    
FMC Corp. 135,800 5,934,460
Kingboard Chemical Holdings, Ltd. 1,944,600 2,904,814
Solutia, Inc. * 401,791 2,732,179
    11,571,453
Coal - 0.60%    
CONSOL Energy, Inc. 88,800 2,572,536
Commercial Services - 0.30%    
Pool Corp. 75,019 1,292,577
Computer Services - 0.53%    
NetApp, Inc. * 168,600 2,276,100
Containers & Glass - 1.33%    
Pactiv Corp. * 94,400 2,359,056
Sealed Air Corp. 213,000 3,371,790
    5,730,846
Crude Petroleum & Natural Gas - 2.33%    
EOG Resources, Inc. 50,300 4,276,506
Forest Oil Corp. * 124,100 2,165,545
Ultra Petroleum Corp. * 87,500 3,555,125
    9,997,176
Drugs & Health Care - 1.34%    
Shionogi & Company, Ltd. 262,947 5,744,210
Educational Services - 1.10%    
ITT Educational Services, Inc. * 52,600 4,738,208
Electrical Equipment - 3.24%    
AMETEK, Inc. 144,800 5,057,864

Mid Cap Stock Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
FLIR Systems, Inc. * (a) 253,400 $ 7,860,468
Wesco International, Inc. * 69,000 1,020,510
    13,938,842
Electronics - 0.64%    
Itron, Inc. * (a) 58,100 2,752,778
Energy - 2.51%    
Covanta Holding Corp. * 404,900 8,077,755
SunPower Corp., Class A * (a) 77,400 2,688,102
    10,765,857
Financial Services - 4.57%    
Deutsche Boerse AG 58,183 4,155,865
Interactive Data Corp. 275,900 6,389,844
State Street Corp. 118,300 4,981,613
Western Union Company 309,210 4,103,217
    19,630,539
Food & Beverages - 0.81%    
Heckmann Corp. * 559,400 3,462,686
Healthcare Products - 2.56%    
Medicines Company * (a) 143,439 1,848,929
St. Jude Medical, Inc. * 149,200 4,182,076
Varian Medical Systems, Inc. * 122,800 4,956,208
    10,987,213
Healthcare Services - 1.79%    
McKesson Corp. 220,100 7,690,294
Hotels & Restaurants - 1.38%    
Burger King Holdings, Inc. 276,400 5,945,364
Household Products - 3.44%    
Clorox Company 96,200 5,691,192
Jarden Corp. * 729,868 9,108,753
    14,799,945
Industrial Machinery - 2.61%    
Flowserve Corp. 90,310 4,545,302
Manitowoc Company, Inc. 264,400 2,083,472
Pall Corp. 167,300 4,602,423
    11,231,197
Industrials - 2.63%    
Aecom Technology Corp. * 426,400 11,295,336
Insurance - 8.65%    
ACE, Ltd. 117,400 6,134,150
Allied World Assurance Holdings, Ltd. 79,600 2,814,656
Arch Capital Group, Ltd. * 71,100 4,819,869
Everest Re Group, Ltd. 77,600 6,088,496
Marsh & McLennan Companies, Inc. 373,500 9,524,250
PartnerRe, Ltd. 47,000 3,288,120
W.R. Berkley Corp. 158,500 4,506,155
    37,175,696
Internet Service Provider - 1.32%    
Equinix, Inc. * (a) 82,200 3,732,702
Netease.com, Inc., ADR * (a) 105,400 1,939,360
    5,672,062

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Internet Software - 3.13%    
Autonomy Corp. PLC * 368,500 $ 5,306,749
McAfee, Inc. * 268,600 8,146,638
    13,453,387
Leisure Time - 3.55%    
DreamWorks Animation SKG, Inc., Class A * 305,939 7,067,191
Electronic Arts, Inc. * 296,800 5,657,008
Las Vegas Sands Corp. * 487,300 2,519,341
    15,243,540
Life Sciences - 1.08%    
Pharmaceutical Product Development, Inc. 176,900 4,659,546
Manufacturing - 1.59%    
Snap-on, Inc. 189,600 6,835,080
Metal & Metal Products - 1.01%    
Precision Castparts Corp. 68,900 4,320,030
Mining - 0.59%    
Cliffs Natural Resources, Inc. 106,800 2,536,500
Pharmaceuticals - 2.80%    
Alexion Pharmaceuticals, Inc. * 52,100 1,753,686
Alkermes, Inc. * 247,101 1,823,605
Amylin Pharmaceuticals, Inc. * (a) 228,167 1,690,718
Auxilium Pharmaceuticals, Inc. * (a) 129,300 2,816,154
Elan Corp. PLC, SADR * 153,900 964,953
Onyx Pharmaceuticals, Inc. * 43,100 1,211,110
Regeneron Pharmaceuticals, Inc. * 115,200 1,780,992
    12,041,218
Real Estate - 0.57%    
Kimco Realty Corp., REIT 171,900 2,432,385
Retail Trade - 10.16%    
Abercrombie & Fitch Company, Class A 67,200 1,298,976
Advance Auto Parts, Inc. 233,100 7,076,916
Best Buy Company, Inc. 178,900 3,705,019
BJ's Wholesale Club, Inc. * (a) 210,810 7,542,782
Dick's Sporting Goods, Inc. * 368,700 4,649,307
GameStop Corp., Class A * 138,700 3,030,595
Kohl's Corp. * 143,400 4,683,444
Staples, Inc. 325,700 5,654,152
The Gap, Inc. 462,700 6,024,354
    43,665,545
Sanitary Services - 1.03%    
Republic Services, Inc. 183,800 4,411,200
Software - 6.02%    
BMC Software, Inc. * 294,100 7,340,736
Red Hat, Inc. * 546,700 5,056,975
Solera Holdings, Inc. * 324,900 6,358,293
UbiSoft Entertainment SA * 251,779 5,821,389
VeriFone Holdings, Inc. * (a) 309,300 1,271,223
    25,848,616
Telecommunications Equipment &    
Services - 2.84%    
Atheros Communications, Inc. * 301,500 4,401,900
Corning, Inc. 216,800 1,953,368

Mid Cap Stock Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunications Equipment &      
Services (continued)      
NICE Systems, Ltd., ADR *   262,300 $ 5,849,290
      12,204,558
 
Toys, Amusements & Sporting Goods - 1.69%    
Marvel Entertainment, Inc. *      246,300            7,253,535
TOTAL COMMON STOCKS (Cost $544,925,130)   $ 413,317,509
 
SHORT TERM INVESTMENTS - 9.00%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 38,654,125 $ 38,654,125
TOTAL SHORT TERM INVESTMENTS      
(Cost $38,654,125)     $ 38,654,125
 
REPURCHASE AGREEMENTS - 3.12%      
Credit Suisse Tri-Party Repurchase      
Agreement dated 11/28/2008 at      
0.32% to be repurchased at      
$13,400,357 on 12/01/2008,      
collateralized by $22,730,209      
Federal National Mortgage      
Association, 5.5% due 11/01/2032      
(valued at $13,671,321, including      
interest) $ 13,400,000 $ 13,400,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $13,400,000)     $ 13,400,000
Total Investments (Mid Cap Stock Fund)      
(Cost $596,979,255) - 108.31%     $ 465,371,634
Liabilities in Excess of Other Assets - (8.31)%     (35,698,484)
TOTAL NET ASSETS - 100.00%     $ 429,673,150

Mid Cap Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.14%    
Advertising - 1.71%    
Interpublic Group of Companies, Inc. * 413,706 $ 1,692,058
Agriculture - 1.50%    
Archer-Daniels-Midland Company 54,300 1,486,734
Auto Parts - 2.72%    
ArvinMeritor, Inc. (a) 65,000 256,750
Genuine Parts Company 62,193 2,434,856
    2,691,606
Banking - 5.56%    
Comerica, Inc. 59,200 1,334,960
Fifth Third Bancorp 101,100 966,516
M&T Bank Corp. (a) 24,000 1,542,000
Zions Bancorp (a) 51,900 1,655,091
    5,498,567
Building Materials & Construction - 1.82%    
KBR, Inc. 75,231 1,035,931

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Building Materials & Construction    
(continued)    
Owens Corning, Inc. * (a) 47,900 $ 764,005
    1,799,936
Business Services - 2.01%    
Arbitron, Inc. 40,100 562,603
R.R. Donnelley & Sons Company 111,276 1,419,882
    1,982,485
Chemicals - 2.53%    
Eastman Chemical Company 43,362 1,426,610
Valspar Corp. 54,700 1,073,214
    2,499,824
Containers & Glass - 4.98%    
Ball Corp. 66,222 2,413,792
Pactiv Corp. * 100,473 2,510,820
    4,924,612
Crude Petroleum & Natural Gas - 2.14%    
EOG Resources, Inc. 24,915 2,118,273
Domestic Oil - 1.88%    
Range Resources Corp. 44,800 1,857,856
Electrical Equipment - 1.08%    
Hubbell, Inc., Class B 35,637 1,065,546
Electrical Utilities - 8.10%    
Ameren Corp. 72,442 2,577,486
CMS Energy Corp. 252,323 2,563,602
Northeast Utilities 122,921 2,864,059
    8,005,147
Financial Services - 1.00%    
Capital One Financial Corp. 28,700 987,567
Food & Beverages - 3.71%    
Coca-Cola Enterprises, Inc. 159,515 1,464,348
Dean Foods Company * 86,900 1,265,264
Smithfield Foods, Inc. * (a) 138,300 941,823
    3,671,435
Gas & Pipeline Utilities - 3.94%    
NiSource, Inc. 178,951 2,156,360
Southwest Gas Corp. 24,545 635,715
Transocean, Inc. * 16,571 1,108,268
    3,900,343
Healthcare Products - 1.48%    
Covidien, Ltd. 39,800 1,466,630
Healthcare Services - 0.99%    
Healthsouth Corp. * 99,500 979,080
Holdings Companies/Conglomerates - 0.79%    
Textron, Inc. 51,100 778,253
Hotels & Restaurants - 1.68%    
Brinker International, Inc. 139,598 926,931
Darden Restaurants, Inc. 40,400 738,916
    1,665,847
Industrial Machinery - 2.06%    
Cummins, Inc. 32,668 835,648

Mid Cap Value Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrial Machinery (continued)    
W.W. Grainger, Inc. 16,988 $ 1,198,843
    2,034,491
Insurance - 4.46%    
ACE, Ltd. 44,063 2,302,292
Conseco, Inc. * 170,163 573,449
PartnerRe, Ltd. 21,915 1,533,173
    4,408,914
Internet Software - 2.40%    
McAfee, Inc. * 78,254 2,373,444
Manufacturing - 2.87%    
Eaton Corp. 16,000 741,440
Pentair, Inc. 12,700 315,722
Snap-on, Inc. 49,234 1,774,886
Tyco International, Ltd. 300 6,270
    2,838,318
Metal & Metal Products - 1.56%    
Timken Company 106,044 1,538,698
Office Furnishings & Supplies - 0.89%    
OfficeMax, Inc. 162,145 883,690
Petroleum Services - 1.27%    
Halliburton Company 71,533 1,258,981
Pharmaceuticals - 5.81%    
King Pharmaceuticals, Inc. * 279,729 2,688,196
Mylan, Inc. * (a) 324,788 3,056,255
    5,744,451
Publishing - 0.35%    
Gannett Company, Inc. (a) 40,000 348,400
Retail Grocery - 4.45%    
Safeway, Inc. 92,373 2,013,731
The Kroger Company 86,100 2,381,526
    4,395,257
Retail Trade - 1.21%    
Foot Locker, Inc. 88,626 596,453
Macy's, Inc. 80,466 597,058
    1,193,511
Sanitary Services - 2.06%    
Allied Waste Industries, Inc. * 190,000 2,040,600
Semiconductors - 0.44%    
Marvell Technology Group, Ltd. * 74,900 434,420
Software - 1.09%    
Sybase, Inc. * 43,633 1,075,117
Telecommunications Equipment &    
Services - 6.77%    
ADC Telecommunications, Inc. * 180,549 1,283,703
Embarq Corp. 89,400 2,918,016
JDS Uniphase Corp. * 308,775 839,868
Tellabs, Inc. * 396,811 1,654,702
    6,696,289
Telephone - 8.03%    
CenturyTel, Inc. 84,353 2,240,416

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telephone (continued)      
Qwest Communications International, Inc. (a)   995,600 $ 3,185,920
Windstream Corp.   283,200 2,509,152
      7,935,488
Tires & Rubber - 0.80%      
Goodyear Tire & Rubber Company *   122,900           790,247
TOTAL COMMON STOCKS (Cost $143,057,992)   $ 95,062,115
 
SHORT TERM INVESTMENTS - 8.58%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 8,485,850 $ 8,485,850
TOTAL SHORT TERM INVESTMENTS      
(Cost $8,485,850)     $ 8,485,850
 
REPURCHASE AGREEMENTS - 5.92%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$5,855,024 on 12/01/2008,      
collateralized by $6,010,000      
Federal National Mortgage      
Association, 5.55% due      
07/10/2028 (valued at $5,972,438,      
including interest) $ 5,855,000 $ 5,855,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $5,855,000)     $ 5,855,000
Total Investments (Mid Cap Value Fund)      
(Cost $157,398,842) - 110.64%     $ 109,402,965
Liabilities in Excess of Other Assets - (10.64)%   (10,522,253)
TOTAL NET ASSETS - 100.00%     $ 98,880,712

Mid Cap Value Equity Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.90%    
Advertising - 0.39%    
Interpublic Group of Companies, Inc. * 57,773 $ 236,292
Aerospace - 1.21%    
Goodrich Corp. 17,495 588,707
Spirit Aerosystems Holdings, Inc., Class A * 16,346 147,931
    736,638
Air Travel - 2.51%    
AMR Corp. * (a) 30,702 269,564
Continental Airlines, Inc., Class B * 16,832 247,094
Delta Air Lines, Inc. * 70,442 620,594
UAL Corp. * 12,525 140,906
US Airways Group, Inc. * 41,868 249,533
    1,527,691
Apparel & Textiles - 1.48%    
Liz Claiborne, Inc. 15,298 43,599
Mohawk Industries, Inc. * 6,819 209,616

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Apparel & Textiles (continued)    
VF Corp. 12,330 $ 644,736
    897,951
Auto Parts - 1.22%    
ArvinMeritor, Inc. (a) 39,666 156,681
Genuine Parts Company 5,749 225,073
Johnson Controls, Inc. 5,786 102,181
Magna International, Inc., Class A 2,846 80,001
WABCO Holdings, Inc. 11,838 175,912
    739,848
Automobiles - 1.38%    
Ford Motor Company * (a) 241,973 650,908
General Motors Corp. (a) 36,293 190,175
    841,083
Banking - 1.86%    
Cullen Frost Bankers, Inc. 4,462 241,885
Huntington BancShares, Inc. 23,077 184,616
KeyCorp 19,685 184,645
M&T Bank Corp. (a) 2,485 159,661
National City Corp. 75,406 151,566
Regions Financial Corp. 20,468 208,569
    1,130,942
Building Materials & Construction - 0.66%    
Chicago Bridge & Iron Company N.V. 19,317 196,454
Foster Wheeler, Ltd. * 4,221 93,960
KBR, Inc. 8,172 112,528
    402,942
Business Services - 2.03%    
Computer Sciences Corp. * 16,402 456,960
Deluxe Corp. 4,576 48,139
Dun & Bradstreet Corp. 3,413 273,040
Fluor Corp. 7,033 320,283
Jacobs Engineering Group, Inc. * 3,092 138,429
    1,236,851
Chemicals - 3.79%    
Eastman Chemical Company 27,754 913,107
Lubrizol Corp. 16,875 592,650
PPG Industries, Inc. 18,285 803,077
    2,308,834
Computers & Business Equipment - 0.27%    
Pitney Bowes, Inc. 6,598 163,037
Construction & Mining Equipment - 0.26%    
National Oilwell Varco, Inc. * 5,604 158,537
Construction Materials - 0.41%    
Cemex SA de CV, SADR * 22,718 157,890
USG Corp. * (a) 9,470 89,492
    247,382
Crude Petroleum & Natural Gas - 4.49%    
Chesapeake Energy Corp. 14,907 256,102
Hess Corp. 3,884 209,891
Newfield Exploration Company * 24,032 542,643
Pioneer Natural Resources Company 21,700 435,736
Southwestern Energy Company * 22,741 781,608

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Crude Petroleum & Natural Gas    
(continued)    
Sunoco, Inc. 8,099 $ 321,854
Ultra Petroleum Corp. * 4,536 184,298
    2,732,132
Domestic Oil - 0.07%    
Frontier Oil Corp. 3,669 43,808
Electrical Equipment - 1.90%    
A.O. Smith Corp. 14,547 476,269
Cooper Industries, Ltd., Class A 28,075 677,730
    1,153,999
Electrical Utilities - 4.65%    
Allegheny Energy, Inc. 13,782 485,816
Consolidated Edison, Inc. 6,665 269,199
DTE Energy Company 6,891 256,276
Mirant Corp. * 9,673 166,569
Pepco Holdings, Inc. 18,664 335,765
PG&E Corp. 14,196 540,016
Pinnacle West Capital Corp. 7,868 239,187
Wisconsin Energy Corp. 12,327 535,732
    2,828,560
Electronics - 1.94%    
Agilent Technologies, Inc. * 29,420 553,978
Celestica, Inc. * 88,797 443,097
Flextronics International, Ltd. * 78,679 184,109
    1,181,184
Energy - 1.67%    
McDermott International, Inc. * 14,812 144,417
Sempra Energy 18,619 868,949
    1,013,366
Financial Services - 0.97%    
CIT Group, Inc. 85,271 284,805
Invesco, Ltd. 24,316 305,166
    589,971
Forest Products - 1.00%    
Rayonier, Inc. 18,187 607,446
Gas & Pipeline Utilities - 3.79%    
El Paso Corp. 58,788 434,443
Enbridge, Inc. 32,685 967,476
NiSource, Inc. 15,578 187,715
Questar Corp. 10,095 324,958
Transocean, Inc. * 5,816 388,974
    2,303,566
Healthcare Services - 0.66%    
Humana, Inc. * 5,467 165,267
McKesson Corp. 6,833 238,745
    404,012
Holdings Companies/Conglomerates - 0.23%    
Textron, Inc. 9,049 137,816
Homebuilders - 0.53%    
Centex Corp. 7,053 64,606
D.R. Horton, Inc. 11,258 77,342
KB Home 6,986 81,247

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Homebuilders (continued)    
Pulte Homes, Inc. 9,407 $ 100,185
    323,380
Household Appliances - 0.69%    
Whirlpool Corp. 10,679 420,539
Industrial Machinery - 3.57%    
AGCO Corp. * 11,443 281,726
Cameron International Corp. * 21,100 445,210
Cummins, Inc. 9,493 242,831
Ingersoll-Rand Company, Ltd., Class A 36,066 565,515
Manitowoc Company, Inc. 37,666 296,808
Parker-Hannifin Corp. 3,421 140,535
Terex Corp. * 14,195 202,421
    2,175,046
Insurance - 16.43%    
ACE, Ltd. 11,108 580,393
Aon Corp. 42,716 1,935,035
Assurant, Inc. 19,908 433,397
Axis Capital Holdings, Ltd. 40,478 1,024,498
Everest Re Group, Ltd. 28,610 2,244,741
Lincoln National Corp. 12,599 172,984
Loews Corp. 9,428 258,233
Marsh & McLennan Companies, Inc. 24,525 625,387
PartnerRe, Ltd. 26,664 1,865,413
Willis Group Holdings, Ltd. 18,511 427,049
XL Capital, Ltd., Class A 85,384 429,482
    9,996,612
International Oil - 0.73%    
Nabors Industries, Ltd. * 9,805 142,173
Weatherford International, Ltd. * 23,534 300,529
    442,702
Internet Software - 1.11%    
McAfee, Inc. * 22,242 674,600
Leisure Time - 1.99%    
National Cinemedia, Inc. 33,689 274,228
Regal Entertainment Group, Class A 48,129 441,343
Royal Caribbean Cruises, Ltd. (a) 52,675 496,199
    1,211,770
Manufacturing - 3.92%    
Eaton Corp. 25,808 1,195,943
Reddy Ice Holdings, Inc. 19,660 23,592
Rockwell Automation, Inc. 10,790 336,109
Stanley Works 26,017 827,080
    2,382,724
Metal & Metal Products - 0.19%    
Timken Company 7,988 115,906
Mining - 0.33%    
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 8,361 200,580
Paper - 0.50%    
MeadWestvaco Corp. 26,327 306,973
Petroleum Services - 1.95%    
BJ Services Company 60,046 719,952

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Petroleum Services (continued)    
ENSCO International, Inc. 4,783 $ 155,017
Smith International, Inc. 8,051 235,411
Tesoro Corp. 8,362 76,847
    1,187,227
Pharmaceuticals - 2.61%    
Hospira, Inc. * 6,874 206,426
King Pharmaceuticals, Inc. * 32,771 314,930
Mylan, Inc. * (a) 113,569 1,068,684
    1,590,040
Railroads & Equipment - 2.22%    
CSX Corp. 20,038 746,215
Kansas City Southern * 27,470 602,142
    1,348,357
Real Estate - 3.27%    
Avalon Bay Communities, Inc., REIT 7,379 447,684
Boston Properties, Inc., REIT 4,241 226,469
Equity Residential, REIT 22,076 671,773
General Growth Properties, Inc., REIT 66,686 92,027
Simon Property Group, Inc., REIT 971 46,122
The St. Joe Company, REIT * (a) 13,873 366,386
Ventas, Inc., REIT 6,150 141,327
    1,991,788
Retail Trade - 4.43%    
Bed Bath & Beyond, Inc. * 9,722 197,259
Family Dollar Stores, Inc. 43,126 1,198,040
J.C. Penney Company, Inc. 3,339 63,408
Kohl's Corp. * 13,333 435,456
Macy's, Inc. 28,810 213,770
Nordstrom, Inc. 4,005 45,537
Ritchie Brothers Auctioneers, Inc. (a) 29,146 544,156
    2,697,626
Sanitary Services - 0.15%    
Insituform Technologies, Inc., Class A * 5,489 88,977
Semiconductors - 3.56%    
Intersil Corp., Class A 25,285 229,082
LSI Logic Corp. * 132,827 355,976
Maxim Integrated Products, Inc. 37,121 459,187
Microchip Technology, Inc. 24,630 455,655
Micron Technology, Inc. * 90,502 247,976
National Semiconductor Corp. 38,019 418,209
    2,166,085
Software - 1.05%    
BMC Software, Inc. * 25,520 636,979
Steel - 0.68%    
Nucor Corp. 11,583 413,281
Telecommunications Equipment &    
Services - 1.10%    
Embarq Corp. 11,741 383,226
Tellabs, Inc. * 67,958 283,385
    666,611
Telephone - 2.61%    
CenturyTel, Inc. 15,724 417,630

Mid Cap Value Equity Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telephone (continued)      
Qwest Communications International, Inc. (a) 228,347 $ 730,710
Windstream Corp.   49,976 442,787
      1,591,127
Tires & Rubber - 0.16%      
Goodyear Tire & Rubber Company *   15,580 100,179
Tobacco - 3.64%      
Lorillard, Inc.   36,651 2,214,820
Toys, Amusements & Sporting Goods - 0.64%    
Hasbro, Inc.       14,497         388,520
TOTAL COMMON STOCKS (Cost $92,527,387)   $ 58,956,337
 
CONVERTIBLE BONDS - 0.39%      
Telephone - 0.39%      
Qwest Communications International, Inc.      
3.50% due 11/15/2025   302,000        237,761
TOTAL CONVERTIBLE BONDS (Cost $408,455)   $ 237,761
 
SHORT TERM INVESTMENTS - 9.24%    
Bank of America Corp.      
0.30% due 12/01/2008 $ 2,200,000 $ 2,200,000
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   3,421,963     3,421,963
TOTAL SHORT TERM INVESTMENTS      
(Cost $5,621,963)     $ 5,621,963
Total Investments (Mid Cap Value Equity Fund)    
(Cost $98,557,805) - 106.53%     $ 64,816,061
Liabilities in Excess of Other Assets - (6.53)%   (3,970,314)
TOTAL NET ASSETS - 100.00%     $ 60,845,747

Natural Resources Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 95.34%    
Coal - 3.81%    
CONSOL Energy, Inc. 315,386 $ 9,136,732
Peabody Energy Corp. 203,800 4,775,034
    13,911,766
Crude Petroleum & Natural Gas - 19.89%    
Devon Energy Corp. 74,800 5,411,032
EOG Resources, Inc. 310,469 26,396,074
Marathon Oil Corp. 278,109 7,280,894
Newfield Exploration Company * 188,452 4,255,246
Noble Energy, Inc. 111,864 5,848,250
Penn West Energy Trust, ADR 144,300 2,103,894
Rosneft Oil Company, GDR * 781,619 3,103,027
Ultra Petroleum Corp. * 108,800 4,420,544
XTO Energy, Inc. 360,532 13,786,744
    72,605,705
Domestic Oil - 3.44%    
Denbury Resources, Inc. * 384,000 3,659,520

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Natural Resources Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Domestic Oil (continued)    
Suncor Energy, Inc. 386,314 $ 8,908,709
    12,568,229
Gas & Pipeline Utilities - 6.17%    
Eni SpA, SADR 98,400 4,516,560
Equitable Resources, Inc. 234,760 7,833,941
OAO Gazprom, SADR 372,225 6,537,244
Transocean, Inc. * 54,579 3,650,244
    22,537,989
Gold - 3.87%    
AngloGold Ashanti, Ltd., SADR 219,841 4,693,605
Barrick Gold Corp. 175,156 5,160,096
Gold Fields, Ltd. 517,702 4,285,535
    14,139,236
International Oil - 30.52%    
BP PLC, SADR 295,427 14,384,341
Canadian Natural Resources, Ltd. 378,533 15,871,405
ConocoPhillips 78,228 4,108,534
EnCana Corp. 354,554 17,153,072
Exxon Mobil Corp. 229,105 18,362,766
Lukoil Oil Company, ADR (a) 261,927 8,250,700
Petroleo Brasileiro SA, ADR 478,896 10,028,082
Royal Dutch Shell PLC, ADR 273,469 14,616,918
Talisman Energy, Inc. 863,298 8,638,549
    111,414,367
Metal & Metal Products - 9.08%    
Alumina, Ltd. 2,806,245 2,345,373
Cameco Corp. (a) 441,322 7,603,978
Companhia Vale Do Rio Doce, SADR 1,249,104 13,602,743
Sumitomo Metal Industries, Ltd. 1,796,000 4,624,641
Vedanta Resources PLC 524,773 4,958,769
    33,135,504
Mining - 5.15%    
Anglo American PLC 160,885 3,830,222
Anglo Platinum, Ltd. 116,381 5,417,779
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 146,730 3,520,053
Xstrata PLC 416,974 6,010,684
    18,778,738
Petroleum Services - 11.48%    
Baker Hughes, Inc. 214,700 7,478,001
Halliburton Company 264,802 4,660,515
Petro-Canada 218,131 5,932,558
Reliance Industries, Ltd., GDR 79,747 3,674,950
Total SA, ADR 247,262 13,043,071
Valero Energy Corp. 388,266 7,124,681
    41,913,776
Steel - 1.93%    
ArcelorMittal (a) 152,925 3,621,264
POSCO, SADR (a) 59,500 3,436,125
               7,057,389
TOTAL COMMON STOCKS (Cost $543,534,531)   $ 348,062,699

Natural Resources Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
PREFERRED STOCKS - 0.12%      
Mining - 0.12%      
Anglo Platinum, Ltd., 6.38% * (j)   25,400 $ 420,814
TOTAL PREFERRED STOCKS (Cost $829,404)   $ 420,814
 
SHORT TERM INVESTMENTS - 5.80%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 21,162,750 $ 21,162,750
TOTAL SHORT TERM INVESTMENTS      
(Cost $21,162,750)     $ 21,162,750
 
REPURCHASE AGREEMENTS - 3.23%      
Credit Suisse Tri-Party Repurchase      
Agreement dated 11/28/2008 at      
0.32% to be repurchased at      
$11,800,315 on 12/01/2008,      
collateralized by $11,951,187      
Federal National Mortgage      
Association, 5.5% due 05/01/2048      
(valued at $12,040,472, including      
interest) $ 11,800,000 $ 11,800,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $11,800,000)     $ 11,800,000
Total Investments (Natural Resources Fund)      
(Cost $577,326,685) - 104.49%     $ 381,446,263
Liabilities in Excess of Other Assets - (4.49)%     (16,385,528)
TOTAL NET ASSETS - 100.00%     $ 365,060,735

Optimized All Cap Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.47%    
Aerospace - 1.33%    
Goodrich Corp. 419 $ 14,099
Lockheed Martin Corp. 381 29,379
    43,478
Agriculture - 0.48%    
Bunge, Ltd. 367 15,583
Air Travel - 1.66%    
AMR Corp. * (a) 1,725 15,145
Delta Air Lines, Inc. * 2,644 23,294
US Airways Group, Inc. * 2,623 15,633
    54,072
Auto Parts - 0.70%    
LKQ Corp. * 2,205 22,976
Banking - 1.85%    
Bank of America Corp. 3,371 54,779
Oriental Financial Group, Inc. 876 5,501
    60,280
Business Services - 0.36%    
Insight Enterprises, Inc. * 1,107 4,506
R.R. Donnelley & Sons Company 571 7,286
    11,792

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Optimized All Cap Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Cable & Television - 0.86%    
Comcast Corp., Class A 1,053 $ 18,259
Viacom, Inc., Class B * 620 9,871
    28,130
Chemicals - 0.87%    
E.I. Du Pont de Nemours & Company 433 10,851
OM Group, Inc. * 284 5,603
Praxair, Inc. 202 11,928
    28,382
Commercial Services - 0.55%    
AerCap Holdings NV * 1,706 7,899
Cenveo, Inc. * 2,627 9,877
    17,776
Computers & Business Equipment - 5.73%    
Diebold, Inc. 627 17,556
Hewlett-Packard Company 2,238 78,956
International Business Machines Corp. 670 54,672
Juniper Networks, Inc. * 578 10,046
Metavante Technologies, Inc. * 1,467 25,335
    186,565
Correctional Facilities - 0.64%    
The Geo Group, Inc. * 1,074 20,728
Cosmetics & Toiletries - 3.15%    
Colgate-Palmolive Company 1,255 81,663
Kimberly-Clark Corp. 365 21,093
    102,756
Crude Petroleum & Natural Gas - 1.78%    
Apache Corp. 222 17,161
Devon Energy Corp. 274 19,821
Plains Exploration & Production Company * 907 20,997
    57,979
Educational Services - 0.66%    
Strayer Education, Inc. 90 21,565
Electrical Equipment - 4.47%    
AMETEK, Inc. 1,251 43,697
Cooper Industries, Ltd., Class A 1,111 26,820
Emerson Electric Company 1,763 63,274
GrafTech International, Ltd. * 1,749 11,701
    145,492
Electrical Utilities - 2.42%    
Edison International 1,835 61,289
Mirant Corp. * 1,011 17,410
    78,699
Electronics - 2.02%    
Amphenol Corp., Class A 790 18,344
Avnet, Inc. * 1,538 21,901
Trimble Navigation, Ltd. * 1,256 25,572
    65,817
Energy - 1.73%    
Nexen, Inc. 2,907 56,221
Financial Services - 7.94%    
Bank of New York Mellon Corp. 546 16,495

Optimized All Cap Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
Barclays PLC, SADR 1,205 $ 13,556
Broadridge Financial Solutions, Inc. 1,522 17,351
Charles Schwab Corp. 1,815 33,269
IntercontinentalExchange, Inc. * 261 19,209
Lazard, Ltd., Class A 366 11,441
State Street Corp. 879 37,015
TD Ameritrade Holding Corp. * 1,874 24,924
Visa, Inc. 995 52,297
Wells Fargo & Company 1,149 33,195
    258,752
Food & Beverages - 4.89%    
Flowers Foods, Inc. 2,628 70,378
The Coca-Cola Company 1,896 88,865
    159,243
Funeral Services - 0.13%    
Hillenbrand, Inc. 270 4,298
Gas & Pipeline Utilities - 3.73%    
Transocean, Inc. * 819 54,775
Williams Companies, Inc. 3,281 53,218
Williams Partners LP 973 13,661
    121,654
Healthcare Products - 7.11%    
Baxter International, Inc. 879 46,499
Covidien, Ltd. 760 28,006
DENTSPLY International, Inc. 376 9,806
Herbalife, Ltd. 1,127 20,038
Johnson & Johnson 1,302 76,271
Qiagen NV * 1,465 23,630
St. Jude Medical, Inc. * 983 27,554
    231,804
Hotels & Restaurants - 1.94%    
CEC Entertainment, Inc. * 547 9,414
McDonald's Corp. 703 41,301
Yum! Brands, Inc. 462 12,447
    63,162
Household Products - 1.70%    
Jarden Corp. * 1,825 22,776
Tupperware Brands Corp. 1,652 32,495
    55,271
Industrial Machinery - 0.79%    
CNH Global NV 1,524 25,847
Industrials - 0.76%    
Companhia de Saneamento Basico do    
Estado de Sao Paulo, ADR * 1,188 24,853
Insurance - 4.00%    
ACE, Ltd. 771 40,285
Allied World Assurance Holdings, Ltd. 489 17,291
ING Groep NV, SADR (a) 446 3,737
MetLife, Inc. 218 6,270
Progressive Corp. 1,021 15,335
Prudential Financial, Inc. 627 13,606

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Optimized All Cap Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance (continued)    
Willis Group Holdings, Ltd. 1,467 $ 33,844
    130,368
International Oil - 3.75%    
ConocoPhillips 970 50,944
Exxon Mobil Corp. 778 62,357
Weatherford International, Ltd. * 684 8,735
    122,036
Leisure Time - 0.31%    
Walt Disney Company 450 10,134
Life Sciences - 0.50%    
PerkinElmer, Inc. 899 16,236
Manufacturing - 1.09%    
Snap-on, Inc. 333 12,005
SPX Corp. 632 23,586
    35,591
Metal & Metal Products - 0.19%    
Metalico, Inc. * 2,418 6,069
Mining - 0.81%    
Anglo American PLC, ADR 2,223 26,520
Petroleum Services - 2.38%    
ENSCO International, Inc. 491 15,913
Petro-Canada 1,854 46,443
Valero Energy Corp. 828 15,194
    77,550
Pharmaceuticals - 4.64%    
Abbott Laboratories 262 13,726
Celgene Corp. * 552 28,760
Eli Lilly & Company 594 20,285
Pfizer, Inc. 5,377 88,344
    151,115
Real Estate - 0.60%    
Hospitality Properties Trust, REIT 885 10,142
Lexington Corporate Property Trust, REIT 1,959 9,501
    19,643
Retail Trade - 3.10%    
Collective Brands, Inc. * 1,930 14,764
Ross Stores, Inc. 2,049 54,299
The Gap, Inc. 965 12,564
The TJX Companies, Inc. 850 19,397
    101,024
Sanitary Services - 3.73%    
Allied Waste Industries, Inc. * 3,282 35,249
Ecolab, Inc. 369 14,166
Stericycle, Inc. * 1,260 72,198
    121,613
Semiconductors - 1.00%    
PMC-Sierra, Inc. * 2,845 11,408
QLogic Corp. * 2,009 21,336
    32,744
Software - 7.41%    
Adobe Systems, Inc. * 1,890 43,772

Optimized All Cap Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Software (continued)      
ANSYS, Inc. *   1,080 $ 31,169
Citrix Systems, Inc. *   428 11,410
Compuware Corp. *   2,914 18,504
Intuit, Inc. *   1,960 43,434
Nuance Communications, Inc. *   2,125 19,508
Oracle Corp. *   2,679 43,105
Sybase, Inc. *   1,242 30,603
      241,505
Steel - 0.84%      
ArcelorMittal   195 4,617
United States Steel Corp.   747 22,709
      27,326
Telephone - 1.87%      
AT&T, Inc.   1,114 31,816
CenturyTel, Inc.   580 15,405
Nippon Telegraph & Telephone Corp., ADR 618 13,565
               60,786
TOTAL COMMON STOCKS (Cost $4,434,395)   $ 3,143,435
 
SHORT TERM INVESTMENTS - 4.37%    
Federal Home Loan Bank Consolidated Discount    
Notes      
zero coupon due 12/01/2008 $ 130,000 $ 130,000
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)      12,248    12,248
TOTAL SHORT TERM INVESTMENTS      
(Cost $142,248)     $ 142,248
Total Investments (Optimized All Cap Fund)    
(Cost $4,576,643) - 100.84%     $ 3,285,683
Liabilities in Excess of Other Assets - (0.84)%   (27,351)
TOTAL NET ASSETS - 100.00%     $ 3,258,332

Real Estate Equity Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 88.71%    
Hotels & Restaurants - 2.52%    
Marriott International, Inc., Class A 235,700 $ 3,957,403
Leisure Time - 0.54%    
Gaylord Entertainment Company * (a) 92,900 853,751
Paper - 1.40%    
Plum Creek Timber Company, Inc. 62,000 2,206,580
Real Estate - 84.25%    
Alexandria Real Estate Equities, Inc., REIT 32,400 1,434,672
AMB Property Corp., REIT (a) 204,030 3,513,397
Avalon Bay Communities, Inc., REIT 110,890 6,727,696
Boston Properties, Inc., REIT 89,150 4,760,610
BRE Properties, Inc., Class A, REIT 193,940 5,694,078
Brookfield Properties Corp. 331,900 2,429,508
Camden Property Trust, REIT 189,700 5,021,359

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Equity Fund (continued)  
  Shares or  
  Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Real Estate (continued)      
CBL & Associates Properties, Inc., REIT (a)   487,600 $ 1,984,532
Cousins Properties, Inc., REIT (a)   141,600 1,526,448
DCT Industrial Trust, Inc., REIT   593,400 2,658,432
Douglas Emmett, Inc., REIT (a)   284,700 2,903,940
EastGroup Properties, Inc., REIT   99,300 3,200,439
Equity One, Inc., REIT (a)   375,600 6,216,180
Equity Residential, REIT   272,050 8,278,482
Essex Property Trust, Inc., REIT   76,400 6,606,308
Federal Realty Investment Trust, REIT   85,880 4,967,299
Highwoods Properties, Inc., REIT   93,900 2,242,332
Host Hotels & Resorts, Inc., REIT   431,250 3,243,000
Kilroy Realty Corp., REIT   146,100 4,451,667
Kimco Realty Corp., REIT   342,900 4,852,035
LaSalle Hotel Properties, REIT   234,120 2,064,938
Macerich Company, REIT (a)   286,620 3,857,905
Mack-California Realty Corp., REIT   86,310 1,637,301
Post Properties, Inc., REIT   117,800 1,847,104
ProLogis, REIT (a)   143,770 550,639
Public Storage, Inc., REIT   73,200 5,115,948
Regency Centers Corp., REIT   196,450 6,995,585
Simon Property Group, Inc., REIT   253,280 12,030,800
SL Green Realty Corp., REIT   116,370 2,206,375
The St. Joe Company, REIT * (a)   48,100 1,270,321
Vornado Realty Trust, REIT   148,300 7,926,635
Weingarten Realty Investors, REIT   295,800 4,218,108
               132,434,073
TOTAL COMMON STOCKS (Cost $240,057,513)   $ 139,451,807
 
CONVERTIBLE BONDS - 4.46%      
Real Estate - 4.46%      
Boston Properties LP      
2.875% due 02/15/2037   1,152,000 849,600
General Growth Properties LP      
3.98% due 04/15/2027 (h)   9,766,000 586,375
Kilroy Realty LP      
3.25% due 04/15/2012 (h)   2,788,000 1,775,819
Macerich Company      
3.25% due 03/15/2012 (h)   1,903,000 797,521
ProLogis      
2.25% due 04/01/2037   2,972,000 1,040,200
SL Green Realty Corp.      
3.00% due 03/30/2027 (h)   2,171,000 1,134,348
Vornado Realty Trust      
3.625% due 11/15/2026   1,191,000 821,790
          7,005,653
TOTAL CONVERTIBLE BONDS (Cost $15,429,902)   $ 7,005,653
 
SHORT TERM INVESTMENTS - 13.21%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 16,980,931 $ 16,980,931
T. Rowe Price Reserve Investment Fund,      
2.7528%      3,777,730       3,777,730
TOTAL SHORT TERM INVESTMENTS      
(Cost $20,758,661)     $ 20,758,661

Real Estate Equity Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 0.16%    
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$250,001 on 12/01/2008,      
collateralized by $240,000 Federal      
National Mortgage Association, 5%      
due 03/15/2016 (valued at      
$256,500, including interest) $ 250,000 $ 250,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $250,000)     $ 250,000
Total Investments (Real Estate Equity Fund)    
(Cost $276,496,076) - 106.54%     $ 167,466,121
Liabilities in Excess of Other Assets - (6.54)%   (10,273,765)
TOTAL NET ASSETS - 100.00%     $ 157,192,356

Real Estate Securities Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 99.23%    
Real Estate - 99.23%    
American Campus Communities, Inc., REIT 62,500 $ 1,399,375
Avalon Bay Communities, Inc., REIT 67,424 4,090,614
BioMed Realty Trust, Inc., REIT 68,450 637,954
Boston Properties, Inc., REIT 66,550 3,553,770
BRE Properties, Inc., Class A, REIT 43,630 1,280,977
Camden Property Trust, REIT 22,300 590,281
Cogdell Spencer, Inc., REIT 18,250 146,000
DCT Industrial Trust, Inc., REIT 127,450 570,976
Digital Realty Trust, Inc., REIT 74,568 2,040,180
DuPont Fabros Technology, Inc., REIT 48,050 102,827
Entertainment Properties Trust, REIT 21,293 522,317
Equity Lifestyle Properties, Inc., REIT 36,711 1,270,201
Equity Residential, REIT 122,760 3,735,587
Extra Space Storage, Inc., REIT 92,600 819,510
Federal Realty Investment Trust, REIT 45,246 2,617,029
HCP, Inc., REIT 9,800 202,566
Hospitality Properties Trust, REIT 29,100 333,486
Host Hotels & Resorts, Inc., REIT 194,000 1,458,880
Kilroy Realty Corp., REIT 23,900 728,233
Kite Realty Group Trust, REIT 91,385 357,315
LaSalle Hotel Properties, REIT 19,500 171,990
Liberty Property Trust, REIT 87,000 1,663,440
LTC Properties, Inc., REIT 45,731 890,840
Macerich Company, REIT (a) 33,324 448,541
Medical Properties Trust, Inc., REIT 86,800 540,764
Nationwide Health Properties, Inc., REIT 50,829 1,150,260
Omega Healthcare Investors, REIT 78,600 1,040,664
Post Properties, Inc., REIT 62,875 985,880
Public Storage, Inc., REIT 61,280 4,282,859
Regency Centers Corp., REIT 84,620 3,013,318
Saul Centers, Inc., REIT 13,300 468,160
Senior Housing Properties Trust, REIT 97,790 1,362,215
Simon Property Group, Inc., REIT 111,493 5,295,917
SL Green Realty Corp., REIT 36,550 692,988

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Securities Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Real Estate (continued)      
Taubman Centers, Inc., REIT   60,750 $ 1,448,280
Ventas, Inc., REIT   150,774 3,464,787
Vornado Realty Trust, REIT   80,162 4,284,659
            57,663,640
TOTAL COMMON STOCKS (Cost $84,727,450)   $ 57,663,640
 
SHORT TERM INVESTMENTS - 0.71%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 410,750 $ 410,750
TOTAL SHORT TERM INVESTMENTS      
(Cost $410,750)     $ 410,750
Total Investments (Real Estate Securities Fund)    
(Cost $85,138,200) - 99.94%     $ 58,074,390
Other Assets in Excess of Liabilities - 0.06%   37,085
TOTAL NET ASSETS - 100.00%     $ 58,111,475

Real Return Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 107.55%    
Treasury Inflation Protected      
Securities (d) - 107.27%      
0.875% due 04/15/2010 $ 4,273,204 $ 3,973,080
1.75% due 01/15/2028   4,595,272 3,788,227
1.875% due 07/15/2013 to 07/15/2015   131,009,316 117,595,268
2.00% due 01/15/2014 to 01/15/2026   191,951,854 169,274,441
2.375% due 04/15/2011 to 01/15/2027   220,245,670 200,432,227
2.50% due 07/15/2016   758,373 696,814
2.625% due 07/15/2017   60,415,939 57,338,472
3.00% due 07/15/2012   36,326,185 34,725,581
3.375% due 01/15/2012   1,601,847 1,552,039
3.50% due 01/15/2011   59,812,036 57,555,089
3.625% due 04/15/2028   10,416,175 11,059,051
3.875% due 01/15/2009 to 04/15/2029   89,143,938 98,193,841
      756,184,130
 
U.S. Treasury Notes - 0.28%      
3.625% due 12/31/2012      1,830,000     1,990,411
TOTAL U.S. TREASURY OBLIGATIONS      
(Cost $783,153,901)     $ 758,174,541
 
U.S. GOVERNMENT AGENCY OBLIGATIONS - 47.55%  
Federal Home Loan Mortgage Corp. - 15.14%    
4.50% due 05/15/2017   170,032 171,566
4.875% due 06/13/2018   100,000 105,583
5.00% due 02/16/2017 (a)   4,600,000 4,822,932
5.50% due 09/01/2037 to 11/01/2038   54,299,970 55,130,832
6.00% due 11/01/2036 to 08/01/2038   44,326,489 45,346,946
5.00% due 12/14/2018   1,200,000 1,135,308
      106,713,167
 
Federal National Mortgage      
Association - 30.08%      
3.864% due 10/01/2044 (b)   99,018 97,414

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Federal National Mortgage      
Association (continued)      
5.00% due 04/01/2037 to 10/01/2038 $ 4,382,756 $ 4,414,623
5.00% TBA **   1,000,000 1,005,195
5.50% due 03/01/2034 to 11/01/2038   114,274,213 116,296,764
5.50% TBA **   16,610,000 16,887,699
6.00% due 09/01/2035 to 10/01/2038   40,367,298 41,309,970
6.50% due 06/01/2035 to 09/01/2038   31,153,140 32,063,557
      212,075,222
 
Government National Mortgage      
Association - 1.89%      
6.00% due 08/15/2034 to 10/15/2038   12,999,998 13,297,853
Small Business Administration - 0.44%      
4.504% due 02/10/2014   834,371 805,082
4.88% due 11/01/2024   2,330,562 2,312,169
             3,117,251
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $330,213,216)     $ 335,203,493
 
FOREIGN GOVERNMENT OBLIGATIONS - 3.58%  
Japan - 3.58%      
Government of Japan      
0.80% due 12/10/2015 JPY 534,040,000 4,668,729
1.10% due 12/10/2016   899,360,000 7,936,803
1.20% due 06/10/2017   803,400,000 7,084,076
1.20% due 12/10/2017   378,750,000 3,335,314
1.40% due 06/10/2018   244,800,000 2,178,021
                25,202,943
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $24,777,186)     $ 25,202,943
 
CORPORATE BONDS - 23.19%      
Advertising - 0.14%      
Omnicom Group, Inc.      
5.90% due 04/15/2016 $ 1,250,000 988,612
Banking - 5.80%      
ANZ National International, Ltd.      
6.20% due 07/19/2013 (h)   1,900,000 1,769,502
Barclays Bank PLC      
5.45% due 09/12/2012   6,100,000 6,079,108
6.05% due 12/04/2017 (h)   5,200,000 4,435,600
7.434% due 09/29/2049 (b)(h)   600,000 402,466
7.70% due 12/31/2049 (b)(h)   200,000 152,368
HBOS PLC      
6.75% due 05/21/2018 (h)   1,000,000 831,039
National Australia Bank, Ltd.      
2.8375% due 02/08/2010 (b)(h)   7,600,000 7,600,570
5.35% due 06/12/2013 (h)   1,700,000 1,605,191
Royal Bank of Scotland Group PLC      
7.0916% due 10/29/2049 EUR 400,000 228,695
Santander Perpetual SA Unipersonal      
6.671% due 10/29/2049 (b)(h) $ 2,500,000 1,876,740
UBS AG/Stamford Branch, MTN      
5.75% due 04/25/2018   3,300,000 2,799,862
UBS AG/Stamford Branch, Series DPNT      
5.875% due 12/20/2017   900,000 781,668

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
Unicredito Italiano/New York NY, Series YCD    
2.0225% due 05/18/2009 (b) $ 11,000,000 $ 10,994,665
Wachovia Bank NA, BKNT      
2.8806% due 12/02/2010 (b)   1,400,000 1,303,634
      40,861,108
 
Electrical Utilities - 0.09%      
Public Service Electric & Gas Company, MTN    
5.30% due 05/01/2018   700,000 645,495
Financial Services - 12.32%      
Allstate Life Global Funding II, MTN      
2.8225% due 05/21/2010 (b)   6,700,000 6,121,904
Allstate Life Global Funding Trusts, MTN      
5.375% due 04/30/2013   2,500,000 2,361,222
American Express Bank FSB      
5.50% due 04/16/2013   900,000 797,725
American Express Bank FSB, BKNT      
6.00% due 09/13/2017   2,200,000 1,766,002
American Express Centurion Bank, BKNT      
6.00% due 09/13/2017   2,200,000 1,766,002
American Express Company      
7.00% due 03/19/2018   1,560,000 1,388,337
8.15% due 03/19/2038   450,000 417,606
Bear Stearns Companies, Inc.      
6.95% due 08/10/2012   2,400,000 2,416,313
7.25% due 02/01/2018   1,000,000 1,008,401
Berkshire Hathaway Finance Corp.      
5.40% due 05/15/2018 (h)   7,800,000 7,126,844
C10 Capital SPV, Ltd.      
6.722% due 12/01/2049 (b)(h)   400,000 195,268
Capital One Financial Corp.      
6.75% due 09/15/2017   1,000,000 898,790
Citigroup Capital XXI      
8.30% due 12/21/2057 (b)   1,100,000 663,542
Citigroup Funding, Inc., MTN      
3.5563% due 05/07/2010 (b)   600,000 572,241
Citigroup, Inc.      
3.505% due 01/30/2009 (b)   600,000 597,515
3.7988% due 12/28/2009 (b)   4,000,000 3,817,228
5.50% due 04/11/2013   1,300,000 1,183,097
6.125% due 05/15/2018   3,200,000 2,897,392
8.40% due 04/29/2049 (b)   2,800,000 1,652,000
Ford Motor Credit Company LLC      
7.25% due 10/25/2011   6,350,000 2,808,643
7.80% due 06/01/2012   450,000 194,089
GATX Financial Corp.      
5.80% due 03/01/2016   1,000,000 756,502
General Electric Capital Corp.      
5.50% due 09/15/2067 (b)(h) EUR 100,000 70,184
6.375% due 11/15/2067 (b) $ 800,000 511,769
6.50% due 09/15/2067 (b)(h) GBP 4,500,000 4,065,957
General Electric Capital Corp., MTN      
2.8588% due 12/12/2008 (b) $ 500,000 499,928
Goldman Sachs Group, Inc.      
6.15% due 04/01/2018   1,200,000 979,079
6.75% due 10/01/2037   5,300,000 3,435,652
Green Valley, Ltd.      
8.993% due 01/10/2011 (b)(h) EUR 400,000 488,177

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
International Lease Finance Corp., MTN      
6.625% due 11/15/2013 $ 600,000 $ 408,311
Lehman Brothers Holdings, Inc.      
6.20% due 09/26/2014 ^   300,000 30,000
7.00% due 09/27/2027 ^   300,000 30,000
Lehman Brothers Holdings, Inc., EMTN      
5.125% due 06/27/2014 ^ EUR 850,000 91,794
Lehman Brothers Holdings, Inc., MTN      
6.875% due 05/02/2018 ^ $ 1,200,000 120,000
Lehman Brothers Holdings. Inc., EMTN      
zero coupon due 04/05/2011 ^ EUR 36,000 3,888
Longpoint Re, Ltd.      
8.0688% due 05/08/2010 (b)(h) $ 800,000 783,920
Merna Reinsurance, Ltd., Series A      
4.4119% due 07/07/2010 (b)   3,500,000 3,234,000
Merrill Lynch & Company, Inc.      
6.40% due 08/28/2017   2,300,000 2,110,620
Merrill Lynch & Company, Inc., MTN      
6.875% due 04/25/2018   5,000,000 4,726,705
Morgan Stanley      
4.7525% due 01/18/2011 (b)   2,000,000 1,738,672
Morgan Stanley, MTN      
4.2325% due 05/14/2010 (b)   11,500,000 10,694,735
6.625% due 04/01/2018   1,900,000 1,579,823
Mystic Re, Ltd.      
11.8106% due 12/05/2008 (b)(h)   500,000 499,850
12.6819% due 06/07/2011 (b)(h)   1,500,000 1,455,750
New York Life Global Funding      
4.65% due 05/09/2013 (h)   1,800,000 1,713,951
Nuveen Investments, Inc.      
10.50% due 11/15/2015 (h)   500,000 153,125
Pacific Life Global Funding      
5.15% due 04/15/2013 (h)   600,000 557,808
Rabobank Nederland      
4.7725% due 01/15/2009 (b)(h)   500,000 501,314
Residential Reinsurance 2007, Ltd., Series CL1    
10.0606% due 06/07/2010 (b)(h)   2,200,000 2,162,160
TransCapitalInvest, Ltd. for OJSC AK Transneft    
7.70% due 08/07/2013 (h)   1,300,000 872,514
Vita Capita II, Ltd.      
4.7825% due 01/01/2010 (b)(h)   300,000 289,020
Vita Capital III, Ltd., Series B-II      
5.0025% due 01/01/2012 (b)(h)   500,000 453,800
Wells Fargo & Company      
4.375% due 01/31/2013   1,200,000 1,145,593
      86,814,762
 
Food & Beverages - 0.24%      
Kraft Foods, Inc.      
6.00% due 02/11/2013   900,000 880,412
6.125% due 02/01/2018   900,000 835,407
      1,715,819
 
Gas & Pipeline Utilities - 1.32%      
NGPL PipeCo LLC      
6.514% due 12/15/2012 (h)   10,000,000 9,316,510
Healthcare Services - 0.03%      
UnitedHealth Group, Inc.      
4.875% due 02/15/2013   200,000 182,030

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Hotels & Restaurants - 0.23%      
Yum! Brands, Inc.      
6.25% due 03/15/2018 $ 2,000,000 $ 1,646,382
Insurance - 1.39%      
American International Group, Inc.      
8.175% due 05/15/2058 (b)(h)   1,500,000 506,250
American International Group, Inc., MTN      
5.85% due 01/16/2018   2,800,000 1,662,704
American International Group, Inc., Series 1      
4.6125% due 10/18/2011 (b)   1,200,000 859,541
Foundation Re II, Ltd.      
8.8988% due 11/26/2010 (b)(h)   600,000 577,260
Metropolitan Life Global Funding I      
5.125% due 04/10/2013 (h)   800,000 717,865
Pricoa Global Funding I      
3.6063% due 06/26/2012 (b)(h)   7,600,000 5,509,848
      9,833,468
International Oil - 0.07%      
Gaz Capital SA      
7.343% due 04/11/2013 (h)   300,000 237,000
8.146% due 04/11/2018 (h)   400,000 256,000
      493,000
Publishing - 0.32%      
Pearson Dollar Finance PLC      
5.70% due 06/01/2014 (h)   2,500,000 2,252,022
Retail Trade - 0.67%      
Black & Decker Corp.      
4.75% due 11/01/2014   1,000,000 851,466
Federated Retail Holdings, Inc.      
5.90% due 12/01/2016   1,000,000 542,499
Home Depot, Inc.      
5.40% due 03/01/2016   1,250,000 997,879
Macy's Retail Holdings, Inc.      
7.45% due 07/15/2017   1,000,000 578,423
RPM International, Inc.      
6.50% due 02/15/2018   1,000,000 911,952
Target Corp.      
6.00% due 01/15/2018   1,000,000 854,237
      4,736,456
 
Software - 0.20%      
Oracle Corp.      
5.75% due 04/15/2018   1,500,000 1,405,863
Telephone - 0.14%      
Qwest Capital Funding, Inc.      
7.00% due 08/03/2009   1,000,000 960,000
Tobacco - 0.23%      
Philip Morris International, Inc.      
5.65% due 05/16/2018      1,800,000     1,614,735
TOTAL CORPORATE BONDS (Cost $195,033,194)   $ 163,466,262
 
MUNICIPAL BONDS - 1.20%      
New Jersey - 0.07%      
Tobacco Settlement Financing Corp. of New Jersey    
5.00% due 06/01/2041   900,000 489,204

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
New York - 0.12%      
New York City Municipal Water Finance Authority,    
Water & Sewer Revenue, Series A      
5.00% due 06/15/2038 $ 700,000 $ 641,529
New York City Municipal Water Finance Authority,    
Water & Sewer Revenue, Series D      
4.75% due 06/15/2038   200,000 170,224
      811,753
 
Ohio - 0.07%      
Buckeye Tobacco Settlement Financing Authority    
6.00% due 06/01/2042   800,000 510,264
Texas - 0.82%      
Dallas Texas Area Rapid Transit      
5.00% due 12/01/2036   3,800,000 3,484,524
North Texas Municipal Water District,Texas    
5.00% due 09/01/2035   2,540,000 2,297,176
      5,781,700
 
West Virginia - 0.12%      
Tobacco Settlement Finance Authority of West    
Virginia      
7.467% due 06/01/2047      985,000      829,666
TOTAL MUNICIPAL BONDS (Cost $10,010,004)   $ 8,422,587
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 2.10%      
Banc of America Commercial Mortgage, Inc.,    
Series 2006-5, Class A4      
5.414% due 09/10/2047   500,000 339,907
BCAP LLC Trust, Series 2006-AA2, Class A1    
3.4288% due 01/25/2037 (b)   916,645 327,387
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2003-3, Class 3A2      
4.4842% due 05/25/2033 (b)   282,239 249,513
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-2, Class A1      
4.125% due 03/25/2035 (b)   1,802,071 1,527,567
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-2, Class A2      
4.125% due 03/25/2035 (b)   809,859 637,259
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-5, Class A1      
4.13% due 08/25/2035 (b)   523,663 439,505
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2005-5, Class A2      
4.55% due 08/25/2035 (b)   941,372 774,283
Citigroup Mortgage Loan Trust, Inc., Series      
2005-11, Class 1A1      
4.90% due 12/25/2035 (b)   104,024 83,734
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,    
Class A1      
4.7475% due 08/25/2035 (b)   637,746 531,098
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,    
Class A2      
4.2475% due 08/25/2035 (b)   687,911 562,346
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,    
Class A3      
4.0975% due 08/25/2035 (b)   157,072 131,477

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Credit Suisse Mortgage Capital Certificates, Series    
2007-C3, Class A4      
5.9125% due 06/15/2039 (b) $ 750,000 $ 488,570
Federal Home Loan Mortgage Corp., Series 2979,    
Class MB      
5.50% due 11/15/2018   2,270,974 2,334,173
Federal National Mortgage Association, Series    
2007-114, Class A6      
1.595% due 10/27/2037 (b)   5,000,000 4,501,500
MASTR Alternative Loans Trust, Series 2006-2,    
Class 2A1      
1.795% due 03/25/2036 (b)   1,108,184 540,012
Residential Accredit Loans, Inc., Series 2006-QO6,    
Class A1      
3.4388% due 06/25/2046 (b)   1,713,442 718,399
Washington Mutual Alternative Mortgage      
Pass-Through Certificates, Series 2006-5, Class    
3A6      
6.268% due 07/25/2036      900,000      637,095
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $17,504,414)     $ 14,823,825
 
ASSET BACKED SECURITIES - 4.48%      
BA Credit Card Trust, Series 2008-A5, Class A5    
2.6225% due 12/16/2013 (b)   7,700,000 6,828,023
Bravo Mortgage Asset Trust, Series 2006-1A,    
Class A1      
2.6019% due 07/25/2036 (b)(h)   152,690 134,573
Citigroup Mortgage Loan Trust Inc, Series      
2007-OPX1, Class A5A      
5.764% due 01/25/2037   900,000 629,790
Ford Credit Auto Owner Trust, Series 2008-C,    
Class A2B      
2.3225% due 01/15/2011 (b)   8,300,000 8,029,269
Lehman XS Trust, Series 2006-10N, Class 1A1A    
1.475% due 07/25/2046 (b)   78,538 76,829
SLM Student Loan Trust, Series 2008-9, Class A    
5.035% due 04/25/2023 (b)      17,300,000    15,916,000
TOTAL ASSET BACKED SECURITIES      
(Cost $34,113,809)     $ 31,614,484
 
PREFERRED STOCKS - 0.38%      
Banking - 0.38%      
Bank of America Corp., 8.00%   1,200,000 833,371
Bank of America Corp., Series L, 7.25%   1,000 605,000
Wachovia Corp., 7.98%   1,300,000 933,127
Wachovia Corp., Series L, 7.50%   500 313,500
         2,684,998
TOTAL PREFERRED STOCKS (Cost $4,000,000)   $ 2,684,998
 
TERM LOANS - 0.78%      
Financial Services - 0.28%      
DaimlerChrysler Financial Company      
6.82% due 08/03/2012 (b)   3,754,519 1,983,636
Medical-Hospitals - 0.40%      
HCA, Inc., Tranche B      
6.0119% due 11/16/2013 (b)   3,733,500 2,788,070

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Paper - 0.10%      
Georgia Pacific Corp.      
4.6924% due 12/20/2012 (b) $ 935,142 $ 703,694
TOTAL TERM LOANS (Cost $8,275,571)     $ 5,475,400
 
OPTIONS - 0.13%      
Call Options - 0.13%      
EUREX American Call on Euro-Bonds Futures      
Expiration 02/20/2009 at $155.00 *   22,300,000 2,834
Over The Counter European Purchase Call on      
FNMA TBA, 5.50%      
Expiration 12/04/2008 at $108.00 *   12,500,000 0
Expiration 01/06/2009 at $109.00 *   109,000,000 1
Over The Counter European Style Call on      
USD-LIBOR Rate Swaption      
Expiration 08/03/2009 at $3.45 *   500,000 12,468
Expiration 08/03/2009 at $3.45 *   3,300,000 82,289
Expiration 02/02/2009 at $3.50 *   26,800,000 736,057
Expiration 08/03/2009 at $3.85 *   2,400,000 75,296
      908,945
 
Put Options - 0.00%      
EUREX American Put on Euro-Schatz Futures      
Expiration 02/20/2009 at $100.00 *   500,000 32
Expiration 02/20/2009 at $103.00 *   9,100,000 578
Over The Counter European Purchase Put on      
FNMA TBA, 6.00%      
Expiration 12/04/2008 at $81.00 *   15,000,000 0
Over The Counter European Purchase Put on      
GNMA TBA, 6.00%      
Expiration 01/14/2009 at $60.00 *   8,000,000 0
Expiration 12/11/2008 at $81.00 *   5,000,000 0
Over The Counter European Purchase Put on      
Treasury Inflation Index, 2.00%      
Expiration 12/08/2008 at $65.00 *   104,700,000 1
Over The Counter European Purchase Put on      
Treasury Inflation Index, 2.625%      
Expiration 12/08/2008 at $65.00 *   60,000,000 1
U.S. Treasury Bonds Futures      
Expiration 02/20/2009 at $70.00 *   15,000 234
             846
TOTAL OPTIONS (Cost $399,447)     $ 909,791
 
REPURCHASE AGREEMENTS - 0.86%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$6,078,025 on 12/01/2008,      
collateralized by $6,080,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at $6,201,600,      
including interest) $ 6,078,000 $ 6,078,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $6,078,000)                      $ 6,078,000
 
SHORT TERM INVESTMENTS - 4.39%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 4,700,760 $ 4,700,760

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS (continued)    
U.S. Treasury Bills      
zero coupon due 12/11/2008 to      
02/26/2009 $ 24,760,000 $ 24,755,242
1.10% due 01/29/2009       1,490,000     1,489,951
TOTAL SHORT TERM INVESTMENTS      
(Cost $30,945,953)     $ 30,945,953
Total Investments (Real Return Bond Fund)    
(Cost $1,444,504,695) - 196.19%     $ 1,383,002,277
Liabilities in Excess of Other Assets - (96.19)%   (678,055,394)
TOTAL NET ASSETS - 100.00%     $ 704,946,883
 
Schedule of Securities Sold Short    
    Shares or  
    Principal  
    Amount Value
 
FEDERAL NATIONAL MORTGAGE      
ASSOCIATION - 85.97%      
Federal National Mortgage Association      
5.50%, TBA ** $ 110,000,000 $ 111,650,000
TOTAL FEDERAL NATIONAL MORTGAGE    
ASSOCIATION (Proceeds $110,077,344)   $ 111,650,000
 
U.S. TREASURY NOTES - 14.03%      
U.S. Treasury Notes      
2.50%, due 03/31/2013   2,000,000 $ 2,082,188
3.125%, due 04/30/2013   600,000 $ 640,875
3.625%, due 12/31/2012   1,830,000 $ 1,990,410
4.25%, due 08/15/2014   2,000,000 $ 2,244,532
4.75%, due 08/15/2017   9,900,000 $ 11,260,478
TOTAL U.S. TREASURY      
NOTES (Proceeds $17,961,412)     $ 18,218,483
Total Securities Sold Short (Real Return Bond Fund)  
(Proceeds $128,038,756)     $ 129,868,483

Small Cap Growth Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.99%    
Aerospace - 1.39%    
Teledyne Technologies, Inc. * 30,100 $ 1,222,662
Air Travel - 0.51%    
Allegiant Travel Company * 10,410 449,087
Auto Parts - 0.15%    
LKQ Corp. * 12,700 132,334
Banking - 1.30%    
International Bancshares Corp. 21,190 497,965
Signature Bank * 21,500 640,700
    1,138,665
Biotechnology - 0.75%    
Charles River Laboratories International, Inc. * 12,180 277,704

Small Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Cougar Biotechnology, Inc. * 11,110 $ 268,862
Human Genome Sciences, Inc. * 66,580 115,183
    661,749
Building Materials & Construction - 0.65%    
Granite Construction, Inc. 13,300 570,437
Business Services - 5.36%    
Ariba, Inc. * 93,860 755,573
FactSet Research Systems, Inc. 25,440 1,017,600
NCR Corp. * 65,360 992,165
Net 1 UEPS Technologies, Inc. * 58,600 597,720
Tetra Tech, Inc. * 66,900 1,340,676
    4,703,734
Cellular Communications - 3.18%    
Cellcom Israel, Ltd. 39,400 912,504
MetroPCS Communications, Inc. * 128,310 1,878,458
    2,790,962
Chemicals - 2.10%    
FMC Corp. 29,330 1,281,721
Solutia, Inc. * 82,800 563,040
    1,844,761
Commercial Services - 0.48%    
Pool Corp. 24,360 419,723
Computers & Business Equipment - 2.81%    
CACI International, Inc., Class A * 45,400 2,016,214
Sykes Enterprises, Inc. * 24,400 452,620
    2,468,834
Construction & Mining Equipment - 1.01%    
Carbo Ceramics, Inc. 18,560 889,024
Containers & Glass - 2.60%    
Mobile Mini, Inc. * 48,270 627,027
Pactiv Corp. * 35,540 888,145
Sealed Air Corp. 48,470 767,280
    2,282,452
Crude Petroleum & Natural Gas - 3.72%    
Arena Resources, Inc. * 27,510 728,190
Cabot Oil & Gas Corp. 38,230 1,145,753
Forest Oil Corp. * 4,730 82,539
Penn Virginia Corp. 19,510 585,885
St. Mary Land & Exploration Company 36,000 723,960
    3,266,327
Drugs & Health Care - 1.68%    
Perrigo Company 42,820 1,473,436
Educational Services - 1.37%    
ITT Educational Services, Inc. * 13,350 1,202,568
Electrical Equipment - 3.16%    
AMETEK, Inc. 23,100 806,883
FLIR Systems, Inc. * 63,370 1,965,737
    2,772,620
Electronics - 2.86%    
Axsys Technologies, Inc. * 12,600 879,606
Cubic Corp. 33,900 896,316

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electronics (continued)    
Itron, Inc. * 15,500 $ 734,390
    2,510,312
Energy - 1.86%    
Covanta Holding Corp. * 81,890 1,633,706
Financial Services - 1.65%    
Interactive Data Corp. 62,500 1,447,500
Food & Beverages - 1.71%    
Ralcorp Holdings, Inc. * 24,070 1,505,819
Gas & Pipeline Utilities - 0.87%    
UGI Corp. 32,810 766,442
Healthcare Products - 4.47%    
AngioDynamics, Inc. * 87,200 1,040,296
Medicines Company * 57,100 736,019
Owens & Minor, Inc. 19,910 826,862
Volcano Corp. * 81,100 1,323,552
    3,926,729
Healthcare Services - 3.35%    
Health Net, Inc. * 13,680 123,257
Healthsouth Corp. * 176,380 1,735,579
ICON PLC, SADR * 51,100 1,082,809
    2,941,645
Holdings Companies/Conglomerates - 1.33%    
Liberty Acquisition Holdings Corp. * 143,800 1,171,970
Household Products - 1.54%    
Jarden Corp. * 108,000 1,347,840
Industrial Machinery - 0.98%    
Flowserve Corp. 17,140 862,656
Industrials - 3.22%    
Aecom Technology Corp. * 106,750 2,827,807
Insurance - 5.44%    
Allied World Assurance Holdings, Ltd. 34,370 1,215,323
Arch Capital Group, Ltd. * 16,210 1,098,876
PartnerRe, Ltd. 7,100 496,716
ProAssurance Corp. * 17,440 952,050
W.R. Berkley Corp. 35,820 1,018,362
    4,781,327
Internet Content - 0.45%    
RightNow Technologies, Inc. * 49,000 394,940
Internet Service Provider - 2.41%    
Equinix, Inc. * 14,870 675,247
Netease.com, Inc., ADR * 78,300 1,440,720
    2,115,967
Internet Software - 1.50%    
McAfee, Inc. * 43,370 1,315,412
Investment Companies - 0.28%    
iShares Russell 2000 Growth Index Fund 5,000 244,650
Life Sciences - 3.72%    
American Ecology Corp. 60,000 1,060,800
Celera Corp. * 96,080 935,819

Small Cap Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Life Sciences (continued)    
Pharmaceutical Product Development, Inc. 48,300 $ 1,272,222
    3,268,841
Manufacturing - 1.93%    
Snap-on, Inc. 46,950 1,692,548
Pharmaceuticals - 3.81%    
Alexion Pharmaceuticals, Inc. * 4,710 158,539
Alkermes, Inc. * 74,100 546,858
Auxilium Pharmaceuticals, Inc. * 31,400 683,892
Cubist Pharmaceuticals, Inc. * 40,100 984,856
Onyx Pharmaceuticals, Inc. * 8,740 245,594
Regeneron Pharmaceuticals, Inc. * 47,200 729,712
    3,349,451
Railroads & Equipment - 0.33%    
Kansas City Southern * 13,290 291,317
Retail Trade - 7.72%    
Advance Auto Parts, Inc. 66,100 2,006,796
Big Lots, Inc. * 31,490 551,705
BJ's Wholesale Club, Inc. * 44,070 1,576,825
Dick's Sporting Goods, Inc. * 31,600 398,476
FGX International Holdings, Ltd. * 73,800 757,188
Foot Locker, Inc. 66,620 448,352
GameStop Corp., Class A * 47,700 1,042,245
    6,781,587
Sanitary Services - 1.43%    
Waste Connections, Inc. * 44,370 1,252,565
Semiconductors - 2.81%    
Microsemi Corp. * 63,400 1,235,666
ON Semiconductor Corp. * 184,470 538,652
Skyworks Solutions, Inc. * 129,250 696,658
    2,470,976
Software - 2.92%    
Red Hat, Inc. * 90,000 832,500
Solera Holdings, Inc. * 88,640 1,734,685
    2,567,185
Telecommunications Equipment &    
Services - 1.79%    
Atheros Communications, Inc. * 29,220 426,612
NICE Systems, Ltd., ADR * 51,410 1,146,443
    1,573,055
Toys, Amusements & Sporting Goods - 1.84%    
Marvel Entertainment, Inc. * 54,800 1,613,860
Trucking & Freight - 2.55%    
Heartland Express, Inc. 45,800 707,152
Hub Group, Inc., Class A * 37,320 996,444
J.B. Hunt Transport Services, Inc. 19,950 534,860
            2,238,456
TOTAL COMMON STOCKS (Cost $94,605,022)   $ 85,183,938

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Fund (continued)  
   Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 0.74%      
Investment Companies - 0.74%      
iShares Russell 2000 Index Fund   13,800 $ 651,498
TOTAL INVESTMENT COMPANIES (Cost $628,940)   $ 651,498
 
REPURCHASE AGREEMENTS - 2.88%    
Repurchase Agreement with State      
Street Corp. dated 11/30/2008 at      
0.05% to be repurchased at      
$2,532,011 on 12/1/2008,      
collateralized by $2,490,000      
Federal Home Loan Bank, 4.375%      
due 09/17/2010 (valued at      
$2,584,122, including interest) $ 2,532,000 $ 2,532,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $2,532,000)     $ 2,532,000
Total Investments (Small Cap Growth Fund)    
(Cost $97,765,962) - 100.61%     $ 88,367,436
Liabilities in Excess of Other Assets - (0.61)%   (537,100)
TOTAL NET ASSETS - 100.00%     $ 87,830,336

Small Cap Index Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 89.75%    
Advertising - 0.14%    
inVentiv Health, Inc. * 3,724 $ 44,800
Marchex, Inc., Class B 2,812 15,691
ValueClick, Inc. * 9,637 59,460
    119,951
Aerospace - 1.56%    
AAR Corp. * 4,315 73,096
Aerovironment, Inc. * 1,128 36,356
Argon ST, Inc. * 1,480 28,993
Curtiss-Wright Corp. 4,946 165,196
Ducommun, Inc. 1,221 20,415
Esterline Technologies Corp. * 3,259 120,290
GenCorp, Inc. * 6,894 19,717
HEICO Corp. (a) 2,471 79,393
Herley Industries, Inc. * 1,593 19,116
Integral Systems, Inc. * 1,886 45,264
LMI Aerospace, Inc. * 1,037 11,386
Moog, Inc., Class A * 4,731 152,244
Orbital Sciences Corp., Class A * 6,480 111,456
Teledyne Technologies, Inc. * 3,925 159,434
TransDigm Group, Inc. * 3,684 130,782
Triumph Group, Inc. 1,827 62,483
Woodward Governor Company 6,535 138,803
    1,374,424
Agriculture - 0.26%    
AgFeed Industries, Inc. * 2,633 5,161
Alico, Inc. 450 14,603
Andersons, Inc. 2,044 25,877
Cadiz, Inc. * 1,489 18,151

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Agriculture (continued)    
Fresh Del Monte Produce, Inc. * 4,688 $ 118,325
Maui Land & Pineapple, Inc. * 640 7,187
Omega Protein Corp. * 2,246 9,343
Tejon Ranch Company * 1,259 32,872
    231,519
Air Travel - 0.80%    
Airtran Holdings, Inc. * 13,076 44,589
Alaska Air Group, Inc. * 3,982 91,387
Allegiant Travel Company * 1,477 63,718
Hawaiian Holdings, Inc. * 4,472 20,035
JetBlue Airways Corp. * 19,216 100,692
Republic Airways Holdings, Inc. * 3,901 54,497
SkyWest, Inc. 6,477 98,450
UAL Corp. * 14,011 157,624
US Airways Group, Inc. * 12,692 75,644
    706,636
Apparel & Textiles - 1.51%    
American Apparel, Inc. * (a) 3,836 16,303
Bebe Stores, Inc. 4,262 26,339
Brown Shoe, Inc. 4,705 26,536
Carter's, Inc. * 6,267 118,509
Cherokee, Inc. (a) 908 14,610
Columbia Sportswear Company (a) 1,348 42,530
Crocs, Inc. * 8,639 10,972
Deckers Outdoor Corp. * 1,443 86,061
G & K Services, Inc., Class A 2,232 52,229
G-III Apparel Group, Ltd. * 1,531 12,141
Gymboree Corp. * 3,132 78,770
Iconix Brand Group, Inc. * 6,449 54,623
Interface, Inc., Class A 6,035 33,434
Jos. A. Bank Clothiers, Inc. * (a) 2,009 39,276
K-Swiss, Inc., Class A 2,910 36,666
Lululemon Athletica, Inc. * 2,033 19,964
Maidenform Brands, Inc. * 2,589 23,974
Movado Group, Inc. 1,812 24,462
Oxford Industries, Inc. 1,654 9,924
Perry Ellis International, Inc. * 1,570 8,509
Quiksilver, Inc. * 13,151 18,411
Skechers U.S.A., Inc., Class A * 3,654 43,994
Stage Stores, Inc. 4,363 25,218
Steven Madden, Ltd. * 1,983 33,929
Timberland Company, Class A * 5,315 53,947
True Religion Apparel, Inc. * 1,915 24,110
Under Armour, Inc., Class A * (a) 3,647 83,845
Unifi, Inc. * 5,196 24,161
Unifirst Corp. 1,592 44,114
Volcom, Inc. * 2,053 20,694
Warnaco Group, Inc. * 5,042 90,252
Weyco Group, Inc. 840 28,190
Wolverine World Wide, Inc. 5,463 105,272
    1,331,969
Auto Parts - 0.39%    
American Axle & Manufacturing Holdings, Inc. 6,041 15,223
Amerigon, Inc. * 2,836 10,578
ArvinMeritor, Inc. (a) 8,449 33,374

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Auto Parts (continued)    
Commercial Vehicle Group, Inc. * 3,348 $ 3,750
Exide Technologies * 8,623 38,804
Federal Signal Corp. 5,460 38,329
Fuel Systems Solutions, Inc. * 1,359 47,008
Lear Corp. * 8,067 19,119
Modine Manufacturing Company 3,866 18,595
Superior Industries International, Inc. (a) 2,674 32,703
Tenneco, Inc. * 5,648 18,525
The Pep Boys - Manny, Moe & Jack 4,940 22,230
Titan International, Inc. (a) 3,890 37,111
Wonder Auto Technology, Inc. * 1,958 7,362
    342,711
Auto Services - 0.11%    
Dollar Thrifty Automotive Group, Inc. * 2,441 3,027
Midas, Inc. * 1,788 14,805
Monro Muffler Brake, Inc. 1,828 37,309
RSC Holdings, Inc. * 5,338 43,451
    98,592
Automobiles - 0.11%    
Americas Car Mart, Inc. * 1,174 10,965
Asbury Automotive Group, Inc. 3,830 19,265
Group 1 Automotive, Inc. 2,667 27,977
Rush Enterprises, Inc., Class A * 3,958 34,751
    92,958
Banking - 9.00%    
1st Source Corp. 1,800 39,978
Abington Bancorp, Inc. 2,946 30,344
AMCORE Financial, Inc. 2,969 10,837
Ameris Bancorp 1,794 17,151
Anchor BanCorp Wisconsin, Inc. 2,850 8,351
Arrow Financial Corp. 1,154 33,454
BancFirst Corp. 917 40,265
Banco Latinoamericano de    
Exportaciones, S.A. 3,300 41,811
BancTrust Financial Group, Inc. 2,214 27,631
Bank Mutual Corp. 5,498 56,355
Bank of the Ozarks, Inc. 1,405 38,244
BankFinancial Corp. 2,406 26,298
Banner Corp. 1,851 19,176
Beneficial Mutual Bancorp, Inc. * 3,732 43,851
Berkshire Hill Bancorp, Inc. 1,473 42,717
Boston Private Financial Holdings, Inc. 6,391 44,162
Brookline Bancorp, Inc. 6,549 73,938
Capital City Bank Group, Inc. 1,422 42,006
Capitol Bancorp, Ltd. 1,887 10,379
Cardinal Financial Corp. 3,083 16,371
Cascade Bancorp (a) 2,929 19,917
Cathay General Bancorp, Inc. (a) 5,596 114,830
Central Pacific Financial Corp. 3,373 43,174
Chemical Financial Corp. 2,773 68,576
Citizens Banking Corp. 15,201 35,874
City Bank 1,789 11,790
Clifton Savings Bancorp, Inc. 1,426 16,741
CoBiz, Inc. 2,356 25,775
Colonial Bancgroup, Inc. (a) 23,081 57,933

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Banking (continued)    
Columbia Banking System, Inc. 2,224 $ 22,351
Community Bank Systems, Inc. 3,779 87,144
Community Trust Bancorp, Inc. 1,814 59,227
Corus Bankshares, Inc. (a) 5,643 6,715
CVB Financial Corp. 7,570 85,011
Danvers Bancorp, Inc. 2,165 27,582
Dime Community Bancorp, Inc. 2,706 36,504
East West Bancorp, Inc. 7,177 106,220
Enterprise Financial Services Corp. 491 7,144
ESSA Bancorp, Inc. 2,095 28,220
F.N.B. Corp. 9,767 120,720
First BanCorp (PR) 8,100 88,614
First Bancorp 1,832 31,584
First Busey Corp. (a) 3,040 52,075
First Commonwealth Financial Corp. 8,384 100,692
First Community Bancshares, Inc. 1,137 33,007
First Financial BanCorp 4,446 55,575
First Financial Bankshares, Inc. (a) 2,381 124,407
First Financial Corp. 1,341 55,866
First Financial Holdings, Inc. 1,383 30,689
First Merchants Corp. 2,218 44,737
First Midwest BanCorp, Inc. 5,588 102,875
First Niagara Financial Group, Inc. 13,175 204,344
First Place Financial Corp. 2,188 9,430
First South Bancorp, Inc. (a) 394 4,925
FirstFed Financial Corp. * 1,807 6,812
FirstMerit Corp. 9,166 201,652
Flushing Financial Corp. 2,528 34,532
Frontier Financial Corp. 5,765 16,488
Glacier Bancorp, Inc. 6,123 108,867
Greene County Bancshares, Inc. 1,600 26,096
Greenhill & Company, Inc. (a) 1,908 129,935
Guaranty Bancorp * 6,836 13,535
Guaranty Financial Group, Inc. * (a) 4,827 13,033
Hancock Holding Company 2,926 126,140
Hanmi Financial Corp. 4,940 11,609
Harleysville National Corp. 3,726 52,239
Heartland Financial USA, Inc. 1,645 35,516
Heritage Commerce Corp. 1,400 17,402
Home Bancshares, Inc. 1,609 42,510
Home Federal Bancorp, Inc. 958 10,069
IBERIABANK Corp. 1,498 78,870
Independent Bank Corp. 1,997 47,309
Integra Bank Corp. 3,498 8,885
International Bancshares Corp. 5,848 137,428
Investors Bancorp, Inc. * 4,933 69,062
Lakeland Bancorp, Inc. 2,657 25,906
Lakeland Financial Corp. 1,542 34,217
MainSource Financial Group, Inc. 2,464 38,414
MB Financial, Inc. 3,997 104,282
Midwest Banc Holdings, Inc. 3,413 6,075
Nara Bancorp, Inc. 2,933 31,852
National Penn Bancshares, Inc. 9,043 139,081
NBT Bancorp, Inc. 3,702 98,177
NewAlliance Bancshares, Inc. 12,094 166,655
Northfield Bancorp, Inc. 2,286 26,883

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Banking (continued)    
Northwest Bancorp, Inc. 1,928 $ 41,317
OceanFirst Financial Corp. 1,148 17,128
Old National Bancorp 7,519 129,176
Old Second Bancorp, Inc. (a) 1,701 25,481
Oriental Financial Group, Inc. 2,994 18,802
Oritani Financial Corp. * 1,510 25,474
Pacific Capital Bancorp 5,275 83,345
PacWest Bancorp 2,836 75,438
Park National Corp. 1,284 87,941
Pennsylvania Commerce Bancorp, Inc. * 722 19,711
Peoples Bancorp, Inc. 1,392 24,276
Pinnacle Financial Partners, Inc. * 2,602 71,555
PremierWest Bancorp 2,284 15,531
PrivateBancorp, Inc. 2,459 76,622
Prosperity Bancshares, Inc. 4,463 147,324
Provident Bankshares Corp. 3,900 36,738
Provident Financial Services, Inc. 6,679 100,118
Provident New York Bancorp 4,790 58,199
Renasant Corp. 2,500 48,375
Republic Bancorp, Inc., Class A (a) 1,141 25,273
Roma Financial Corp. 1,099 16,177
S & T Bancorp, Inc. 2,765 93,982
S.Y. Bancorp, Inc. 1,627 43,099
Sandy Spring Bancorp, Inc. 2,041 39,942
SCBT Financial Corp. 1,254 42,573
Seacoast Banking Corp. of Florida 2,218 10,957
Sierra Bancorp (a) 994 20,069
Signature Bank * 3,992 118,962
Simmons First National Corp., Class A 1,656 48,653
Southside Bancshares, Inc. 1,547 34,421
Southwest Bancorp, Inc. 1,797 25,679
StellarOne Corp. 2,754 45,413
Sterling Bancorp 2,263 29,442
Sterling Bancshares, Inc. 8,578 57,473
Sterling Financial Corp. 5,864 31,196
Suffolk Bancorp 1,181 39,091
Sun Bancorp, Inc. of New Jersey * 2,013 15,782
Susquehanna Bancshares, Inc. 9,743 148,873
SVB Financial Group * 3,385 135,569
Texas Capital Bancshares, Inc. * 3,236 51,938
The South Financial Group, Inc. 8,712 37,636
Tompkins Trustco, Inc. 675 37,091
TowneBank/Portsmouth VA 2,443 54,723
Trico Bancshares 1,652 39,334
TrustCo Bank Corp., NY 8,709 92,228
Trustmark Corp. 5,674 113,253
UCBH Holdings, Inc. 12,592 58,427
Umpqua Holdings Corp. (a) 6,899 91,343
Union Bankshares Corp. 637 14,485
United Bankshares, Inc. 4,300 142,975
United Community Banks, Inc. 4,705 62,012
United Financial Bancorp, Inc. 2,165 28,535
United Security Bancshares 762 8,298
Univest Corp. of Pennsylvania 618 19,356
ViewPoint Financial Group 1,371 21,922
Washington Trust Bancorp, Inc. 1,501 29,450

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Banking (continued)    
WesBanco, Inc. 3,111 $ 80,357
West Coast Bancorp 2,164 10,604
WestAmerica Bancorp (a) 3,296 175,215
Western Alliance Bancorp * (a) 2,299 25,335
Westfield Financial, Inc. 3,802 39,237
Wilshire Bancorp, Inc. 2,341 16,059
Wintrust Financial Corp. 2,740 56,526
WSFS Financial Corp. 735 32,164
Yadkin Valley Financial Corp. 1,496 22,560
    7,929,358
Biotechnology - 1.97%    
Acorda Therapeutics, Inc. * 4,123 74,709
Affymetrix, Inc. * 7,949 21,780
Alnylam Pharmaceuticals, Inc. * 3,953 72,063
AMAG Pharmaceuticals, Inc. * 1,892 63,723
Arena Pharmaceuticals, Inc. * 8,398 32,416
Arqule, Inc. * 5,045 17,102
Bio Reference Labs, Inc. * 1,289 28,732
BioMimetic Therapeutics, Inc. * 1,496 12,866
Bio-Rad Laboratories, Inc., Class A * 2,092 155,143
Cougar Biotechnology, Inc. * 1,663 40,245
Cytokinetics, Inc. * 4,394 11,380
Discovery Laboratories, Inc. * 10,883 10,774
Exelixis, Inc. * 11,876 36,697
Genomic Health, Inc. * (a) 1,554 28,796
Geron Corp. * (a) 8,842 30,947
GTx, Inc. * 2,092 30,899
Human Genome Sciences, Inc. * (a) 15,485 26,789
Idera Pharmaceuticals, Inc. * 2,375 16,696
Immucor, Inc. * 7,768 188,529
Integra LifeSciences Holdings Corp. * 1,962 61,783
Intermune, Inc. * 3,556 40,930
Lexicon Genetics, Inc. * 9,523 16,284
Life Sciences Research, Inc. * 996 9,791
Martek Biosciences Corp. * 3,631 101,486
Medarex, Inc. * 14,239 71,907
Medivation, Inc. * 2,846 42,434
Momenta Pharmaceuticals, Inc. * 2,778 24,724
Myriad Genetics, Inc. * 4,954 293,673
Nabi Biopharmaceuticals * 6,149 24,534
Nektar Therapeutics * 10,379 49,300
Neurocrine Biosciences, Inc. * 4,535 14,104
Orexigen Therapeutics, Inc. * 2,337 16,336
Osiris Therapeutics, Inc. * (a) 1,654 31,476
Pharmanet Development Group, Inc. * 2,395 2,898
Progenics Pharmaceuticals, Inc. * 3,024 28,032
Sangamo Biosciences, Inc. * 4,345 10,689
    1,740,667
Broadcasting - 0.21%    
Belo Corp., Class A 11,017 21,263
CKX, Inc. * 6,104 26,858
Cox Radio, Inc., Class A * 3,256 18,885
Entercom Communications Corp. 2,917 3,179
Entravision Communications Corp., Class A * 6,687 5,149
Fisher Communications, Inc. * 813 18,211

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Broadcasting (continued)    
Global Traffic Network, Inc. * 1,523 $ 10,631
Journal Communications, Inc. 5,747 13,620
Mediacom Communications Corp., Class A * 4,744 12,002
RHI Entertainment, Inc. * 1,711 6,998
Sinclair Broadcast Group, Inc., Class A 6,804 21,501
World Wrestling Entertainment, Inc., Class A 2,278 26,493
    184,790
Building Materials & Construction - 0.97%    
Apogee Enterprises, Inc. 3,293 25,686
Beacon Roofing Supply, Inc. * 4,911 58,048
China Architectural Engineering, Inc. * (a) 2,016 5,846
Drew Industries, Inc. * 2,265 31,846
Dycom Industries, Inc. * 4,512 26,801
EMCOR Group, Inc. * 7,515 118,512
Granite Construction, Inc. 3,652 156,634
Griffon Corp. * 4,923 39,384
Interline Brands, Inc. * 3,671 33,920
LSI Industries, Inc. 2,287 15,712
NCI Building Systems, Inc. * 2,206 33,575
Orion Marine Group, Inc. * 2,551 19,515
Perini Corp. * (a) 5,579 106,838
Quanex Building Products Corp. 4,195 38,846
Sterling Construction Company, Inc. * 1,304 21,464
Texas Industries, Inc. (a) 2,597 80,144
Trex Company, Inc. * 1,716 23,269
U.S. Concrete, Inc. * 4,820 15,520
United States Lime & Minerals, Inc. * 239 6,412
    857,972
Business Services - 4.54%    
3PAR, Inc. * 3,015 24,874
ABM Industries, Inc. 4,856 81,921
Acxiom Corp. 6,836 51,338
Administaff, Inc. 2,400 40,992
AMERCO, Inc. * 1,051 38,940
Arbitron, Inc. 2,992 41,978
Ariba, Inc. * 9,525 76,676
Black Box Corp. 1,960 47,981
Bowne & Company, Inc. 3,294 11,727
CDI Corp. 1,537 15,723
China Security & Surveillance Technology, Inc. * 3,208 18,382
(a)    
Chindex International, Inc. * 1,324 7,944
Coinstar, Inc. * 3,093 57,406
Compass Diversified Trust 2,761 27,638
Compucredit Corp. * (a) 2,190 7,336
comScore, Inc. * 2,023 18,854
COMSYS IT Partners, Inc. * 1,907 6,083
Constant Contact, Inc. * 2,293 31,987
Core-Mark Holding Company, Inc. * 1,114 22,414
CoStar Group, Inc. * 2,170 70,785
CRA International, Inc. * 1,250 36,275
CSG Systems International, Inc. * 3,889 65,491
Deluxe Corp. 5,736 60,343
DG Fastchannel, Inc. * 2,014 33,734
Electro Rent Corp. 2,481 27,365

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Business Services (continued)    
Ennis Business Forms, Inc. 2,895 $ 29,442
Euronet Worldwide, Inc. * 5,292 45,141
Exponent, Inc. * 1,651 50,389
EZCORP, Inc., Class A * 4,282 70,610
Fair Isaac Corp. 5,412 76,526
Forrester Research, Inc. * 1,725 39,537
Gartner Group, Inc., Class A * 6,558 100,731
Gevity HR, Inc. 2,802 4,455
Global Cash Access, Inc. * 4,710 14,554
Global Sources, Ltd. * 1,954 12,623
GSI Commerce, Inc. * (a) 2,636 20,983
Harte-Hanks, Inc. 4,144 24,740
Heidrick & Struggles International, Inc. 1,933 40,013
Hill International, Inc. * 2,710 14,905
Hudson Highland Group, Inc. * 3,001 9,423
Huron Consulting Group, Inc. * 2,304 120,038
ICF International, Inc. * 755 14,798
infoGROUP, Inc. 3,785 14,875
Informatica Corp. * 9,836 136,524
Insight Enterprises, Inc. * 5,298 21,563
Jackson Hewitt Tax Service, Inc. 3,188 41,030
Kelly Services, Inc., Class A 2,954 34,414
Kendle International, Inc. * 1,468 30,050
Kenexa Corp. * 2,601 15,710
Kforce, Inc. * 3,515 23,902
Korn/Ferry International * 5,157 63,483
LECG Corp. * 3,135 16,490
Macrovision Solutions Corp. * 9,166 107,792
MAXIMUS, Inc. 2,053 64,464
McGrath Rentcorp 2,651 47,665
Michael Baker Corp. * 831 27,340
MPS Group, Inc. * 10,500 69,510
Navigant Consulting Company * 5,361 101,376
Net 1 UEPS Technologies, Inc. * 5,021 51,214
On Assignment, Inc. * 4,062 23,356
OraSure Technologies, Inc. * 5,287 18,187
Parexel International Corp. * 6,335 52,707
PC Mall, Inc. * 1,466 5,395
Perot Systems Corp., Class A * 9,561 119,321
PHH Corp. * 6,157 46,916
Pre-Paid Legal Services, Inc. * (a) 895 35,800
PRG-Schultz International, Inc. * 1,906 8,539
Resource America, Inc. 1,415 5,943
Resources Connection, Inc. * 5,058 87,554
Rollins, Inc. 4,585 79,412
ScanSource, Inc. * 2,924 49,737
Schawk, Inc., Class A 1,691 23,116
Seachange International, Inc. * 3,580 28,354
SonicWALL, Inc. * 6,088 23,865
Sotheby's (a) 7,504 74,590
Sourcefire, Inc. * 2,351 13,589
Spherion Corp. * 6,503 14,632
SRA International, Inc., Class A * 4,640 69,693
Standard Parking Corp. * 1,003 20,060
Stanley, Inc. * 973 31,039
SuccessFactors, Inc. * 2,777 17,217

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Business Services (continued)    
SYNNEX Corp. * 2,006 $ 20,983
Syntel, Inc. 1,436 34,493
TeleTech Holdings, Inc. * 4,378 38,614
Tetra Tech, Inc. * 6,540 131,062
The Hackett Group, Inc. * 4,706 14,024
TrueBlue, Inc. * 4,981 36,909
Tyler Technologies, Inc. * 4,205 53,109
Viad Corp. 2,326 62,127
Volt Information Sciences, Inc. * 1,565 9,515
VSE Corp. 466 15,546
Watson Wyatt Worldwide, Inc., Class A 4,707 189,786
Wind River Systems, Inc. * 7,993 66,662
    4,002,349
Cable & Television - 0.11%    
Knology, Inc. * 3,381 19,204
Lin TV Corp. * 3,129 4,631
Outdoor Channel Holdings, Inc. * 2,022 12,294
TiVo, Inc. * 11,439 57,424
    93,553
Cellular Communications - 0.20%    
Brightpoint, Inc. * 5,717 23,554
iPCS, Inc. * 2,072 15,437
Novatel Wireless, Inc. * 3,686 14,117
RF Micro Devices, Inc. * 27,128 36,080
Syniverse Holdings, Inc. * 5,704 55,728
USA Mobility, Inc. * 2,719 29,637
    174,553
Chemicals - 1.62%    
A. Schulman, Inc. 3,044 41,307
Aceto Corp. 2,813 24,867
Albany Molecular Research, Inc. * 2,637 25,025
American Vanguard Corp. 2,079 20,291
Arch Chemicals, Inc. 2,762 79,767
Balchem Corp. 2,011 52,346
Calgon Carbon Corp. * 4,563 58,270
Cambrex Corp. * 3,552 12,361
Ferro Corp. 4,866 31,288
H.B. Fuller Company 5,361 95,104
ICO, Inc. * 3,248 14,584
Innophos Holdings, Inc. 1,184 19,512
Innospec, Inc. 2,786 16,047
Landec Corp. * 2,696 18,710
LSB Industries, Inc. * 2,010 18,050
Metabolix, Inc. * 2,174 15,196
Minerals Technologies, Inc. 2,071 97,233
Newmarket Corp. 1,491 49,919
Nl Industries, Inc. 790 9,053
Olin Corp. 8,282 135,659
OM Group, Inc. * 3,412 67,319
Penford Corp. 1,341 15,113
PolyOne Corp. * 10,634 30,094
Quaker Chemical Corp. 1,203 15,410
Rockwood Holdings, Inc. * 4,722 42,215
Sensient Technologies Corp. 5,343 128,446
ShengdaTech, Inc. * (a) 3,534 14,065

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Solutia, Inc. * 10,532 $ 71,618
Spartech Corp. 3,570 20,706
Stepan Company 717 32,968
Valence Technology, Inc. * 6,256 12,324
W. R. Grace & Company * 8,104 41,574
Westlake Chemical Corp. (a) 2,122 35,819
Zep, Inc. 2,306 41,762
Zoltek Companies, Inc. * 3,118 25,100
    1,429,122
Coal - 0.11%    
International Coal Group, Inc. * 14,404 40,907
James River Coal Company * (a) 3,083 35,023
National Coal Corp. * 3,611 6,789
Westmoreland Coal Company * 1,201 11,385
    94,104
Colleges & Universities - 0.17%    
Corinthian Colleges, Inc. * 9,482 152,471
Commercial Services - 0.76%    
CBIZ, Inc. * 5,022 40,327
Cenveo, Inc. * 5,655 21,263
Chemed Corp. 2,473 100,799
DynCorp International, Inc. * 2,749 40,823
Exlservice Holdings, Inc. * 1,701 12,077
First Advantage Corp., Class A * 1,233 15,499
Great Lakes Dredge & Dock Company 4,500 12,060
HMS Holdings Corp. * 2,783 82,098
Live Nation, Inc. * 8,458 41,360
Odyssey Marine Exploration, Inc. * 5,493 18,072
Perficient, Inc. * 3,695 11,270
Pool Corp. 5,323 91,715
Riskmetrics Group, Inc. * 2,394 35,766
Team, Inc. * 2,065 58,274
TNS, Inc. * 2,829 24,188
Waste Services, Inc. * 2,801 17,674
Wright Express Corp. * 4,333 49,310
    672,575
Computers & Business Equipment - 2.90%    
3Com Corp. * 44,923 90,295
3D Systems Corp. * 2,053 14,884
Acme Packet, Inc. * 3,233 12,609
Agilysys, Inc. 3,034 11,499
Avocent Corp. * 4,978 93,636
Benchmark Electronics, Inc. * 7,525 95,417
BigBand Networks, Inc. * 3,817 13,894
Blue Coat Systems, Inc. * 3,692 32,822
CACI International, Inc., Class A * (a) 3,325 147,663
Cogent, Inc. * 4,612 61,985
Compellent Technologies, Inc. * 1,598 17,163
Cray, Inc. * 3,999 7,518
Data Domain, Inc. * (a) 3,623 58,874
Digi International, Inc. * 2,993 27,596
Echelon Corp. * 3,369 21,528
Electronics for Imaging, Inc. * 5,925 57,887
EMS Technologies, Inc. * 1,783 43,166
Extreme Networks, Inc. * 10,280 21,588

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Computers & Business Equipment    
(continued)    
Falconstor Software, Inc. * 4,632 $ 13,433
Foundry Networks, Inc. * 16,197 250,892
Furmanite Corp. * 4,093 22,020
Gerber Scientific, Inc. * 2,961 7,106
Hurco Companies, Inc. * 753 12,628
Hypercom Corp. * 6,087 4,809
Immersion Corp. * 3,604 13,948
Intermec, Inc. * 6,846 90,915
Internap Network Services Corp. * 5,937 16,267
Isilon Systems, Inc. * 2,976 9,702
Ixia * 4,957 30,436
Jack Henry & Associates, Inc. 8,283 152,490
L-1 Identity Solutions, Inc. * 7,301 42,638
Limelight Networks, Inc. * 3,305 8,957
MICROS Systems, Inc. * 9,064 150,916
MTS Systems Corp. 1,989 51,734
NCI, Inc. * 749 21,556
Ness Technologies, Inc. * 4,502 21,204
Netezza Corp. * 4,424 31,941
NETGEAR, Inc. * 3,954 47,843
Netscout Systems, Inc. * 3,341 26,561
Palm, Inc. * (a) 12,120 28,967
Parametric Technology Corp. * 12,765 147,563
Phoenix Technology, Ltd. * 3,348 11,182
Plexus Corp. * 4,483 74,777
Rackable Systems, Inc. * 3,370 13,446
Radiant Systems, Inc. * 3,238 15,866
RadiSys Corp. * 2,638 15,828
Rimage Corp. * 1,130 15,956
SI International, Inc. * 1,484 45,321
Sigma Designs, Inc. * 2,969 27,701
Silicon Storage Technology, Inc. * 9,461 28,667
Smart Modular Technologies (WWH), Inc. * 5,483 4,935
Standard Microsystems Corp. * 2,531 38,572
STEC, Inc. * 3,514 19,151
Stratasys, Inc. * 2,339 26,103
Super Micro Computer, Inc. * 2,535 13,207
Sykes Enterprises, Inc. * 3,669 68,060
Synaptics, Inc. * 3,771 82,849
Trident Microsystems, Inc. * 7,523 12,639
Virtusa Corp. * 1,174 5,823
    2,554,633
Construction & Mining Equipment - 0.37%    
Astec Industries, Inc. * 2,027 61,317
Carbo Ceramics, Inc. (a) 2,259 108,206
Gulf Islands Fabrication, Inc. 1,411 20,332
Kaman Corp., Class A 2,828 66,628
Layne Christensen Company * 2,146 48,457
Matrix Service Company * 2,956 22,584
    327,524
Construction Materials - 0.67%    
Ameron International Corp. 1,024 55,173
Applied Industrial Technologies, Inc. 4,687 89,334
Clarcor, Inc. 5,595 179,656

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Construction Materials (continued)    
Columbus McKinnon Corp. * 2,183 $ 25,585
Comfort Systems USA, Inc. 4,506 37,625
Louisiana-Pacific Corp. 11,957 27,621
Simpson Manufacturing Company, Inc. (a) 4,120 107,120
Standex International Corp. 1,412 29,765
Universal Forest Products, Inc. 1,878 39,494
    591,373
Containers & Glass - 0.25%    
Graphic Packaging Holding Company * 16,815 27,745
Mobile Mini, Inc. * 3,873 50,310
Silgan Holdings, Inc. 2,791 126,265
TAL International Group, Inc. 1,692 19,103
    223,423
Correctional Facilities - 0.16%    
Cornell Corrections, Inc. * 1,245 29,382
The Geo Group, Inc. * 5,669 109,412
    138,794
Cosmetics & Toiletries - 0.44%    
Chattem, Inc. * 1,898 137,738
Elizabeth Arden, Inc. * 2,684 37,844
Helen of Troy, Ltd. * 3,387 53,041
Intermediate Parfums, Inc. 1,615 11,886
Nu Skin Enterprises, Inc., Class A 5,479 58,954
Sally Beauty Holdings, Inc. * 10,540 45,849
Steiner Leisure, Ltd. * 1,830 44,268
    389,580
Crude Petroleum & Natural Gas - 1.58%    
Abraxas Petroleum Corp. * 5,409 6,707
Allis-Chalmers Energy, Inc. * 3,209 20,249
American Oil & Gas, Inc. * 4,955 4,707
Arena Resources, Inc. * 4,206 111,333
Bill Barrett Corp. * 4,095 91,605
BMB Munai, Inc. * 4,298 5,115
Carrizo Oil & Gas, Inc. * (a) 3,071 63,570
Concho Resources, Inc. * 6,161 145,338
Contango Oil & Gas Company * 1,471 77,286
Endeavour International Corp. * 13,645 8,596
Energy XXI Bermuda, Ltd. 7,280 8,081
EXCO Resources, Inc. * 16,739 128,388
FX Energy, Inc. * (a) 4,805 17,058
Gasco Energy, Inc. * 10,090 6,256
Georesources, Inc. * 735 5,659
GMX Resources, Inc. * 1,865 53,581
Goodrich Petroleum Corp. * 2,515 90,716
Gran Tierra Energy, Inc. * 24,837 67,805
Gulfport Energy Corp. * 3,088 15,286
Harvest Natural Resources, Inc. * 4,121 26,498
Houston American Energy Corp. 1,769 4,546
Northern Oil And Gas, Inc. * 2,582 10,819
Oilsands Quest, Inc. * 17,138 18,852
Panhandle Oil and Gas, Inc. 854 19,770
Parallel Petroleum Corp. * 4,984 15,700
Penn Virginia Corp. 4,623 138,829
Petroquest Energy, Inc. * 4,888 34,265

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Crude Petroleum & Natural Gas    
(continued)    
SulphCo, Inc. * (a) 6,465 $ 10,344
Swift Energy Company * 3,398 72,615
Toreador Resources Corp. * (a) 2,091 10,643
Tri-Valley Corp. * 2,843 9,410
TXCO Resources, Inc. * 4,203 12,609
VAALCO Energy, Inc. * 6,724 42,361
Venoco, Inc. * 2,510 8,383
Western Refining, Inc. 3,365 25,507
    1,388,487
Domestic Oil - 0.72%    
Atlas America, Inc. 3,874 58,071
Berry Petroleum Company, Class A 4,773 55,892
Brigham Exploration Company * 5,332 16,156
Clayton Williams Energy, Inc. * 615 28,241
Comstock Resources, Inc. * 5,063 212,292
Delta Petroleum Corp. * (a) 7,034 40,164
Double Eagle Petroleum & Mining Company * 1,210 8,204
Energy Partners, Ltd. * 3,890 13,148
GeoGlobal Resources, Inc. * 4,358 7,845
McMoran Exploration Company * 6,709 75,476
Meridian Resource Corp. * 8,177 7,686
Natural Gas Services Group, Inc. * 1,416 14,585
Stone Energy Corp. * 3,532 58,702
Union Drilling, Inc. * 1,749 11,788
Warren Resources, Inc. * 6,776 22,564
    630,814
Drugs & Health Care - 1.80%    
Abaxis, Inc. * 2,443 32,394
Abiomed, Inc. * (a) 3,812 53,520
Accelrys, Inc. * 3,288 12,823
Almost Family, Inc. * 709 31,168
Alpharma, Inc., Class A * 4,638 167,432
Ardea Biosciences, Inc. * 1,440 13,147
Ariad Pharmaceuticals, Inc. * 8,310 11,052
China Sky One Medical, Inc. * 952 9,720
Columbia Laboratories, Inc. * 5,521 9,220
CV Therapeutics, Inc. * 6,813 61,726
Cytori Therapeutics, Inc. * 2,447 5,506
Datascope Corp. 1,450 75,704
Dendreon Corp. * 10,448 50,986
DepoMed, Inc. * 5,751 8,914
Durect Corp. * 9,244 38,825
Dyax Corp. * 6,466 16,812
Hansen Medical, Inc. * 1,966 18,068
I-Flow Corp. * 2,672 10,635
Immunogen, Inc. * 5,783 22,091
Immunomedics, Inc. * 7,607 13,540
Invacare Corp. 3,576 52,853
Landauer, Inc. 1,041 59,774
Luminex Corp. * 4,579 100,784
Mannatech, Inc. (a) 1,963 4,417
Maxygen, Inc. * 3,011 14,754
Medical Action, Inc. * 1,691 14,560
Mentor Corp. (a) 3,743 60,449

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Drugs & Health Care (continued)    
Meridian Bioscience, Inc. 4,447 $ 105,972
MiddleBrook Pharmaceuticals, Inc. * (a) 4,304 5,767
Molina Healthcare, Inc. * 1,617 38,307
Opko Health, Inc. * 5,716 8,860
Pain Therapeutics, Inc. * 3,872 33,996
Quidel Corp. * 3,154 42,989
Res-Care, Inc. * 2,811 36,684
Seattle Genetics, Inc. * 6,743 58,394
Synutra International, Inc. * 1,181 14,054
Vivus, Inc. * 7,791 46,279
West Pharmaceutical Services, Inc. 3,563 126,486
XenoPort, Inc. * 2,786 87,592
Zymogenetics, Inc. * 4,425 11,992
    1,588,246
Educational Services - 0.28%    
American Public Education, Inc. * (a) 1,222 48,342
Capella Education Company * 1,584 94,818
K12, Inc. * 681 12,428
Leapfrog Enterprises, Inc., Class A * 3,701 16,062
Learning Tree International, Inc. * 1,042 12,202
Princeton Review, Inc. * 1,682 8,730
Renaissance Learning, Inc. 1,115 10,593
Universal Technical Institute, Inc. * 2,406 46,267
    249,442
Electrical Equipment - 1.40%    
A.O. Smith Corp. 2,206 72,224
Aaon, Inc. 1,548 29,474
American Science & Engineering, Inc. 1,006 76,325
Anaren, Inc. * 1,736 18,627
Anixter International, Inc. * 3,326 91,132
Audiovox Corp., Class A * 2,226 12,933
AZZ, Inc. * 1,357 32,649
Baldor Electric Company 5,160 85,037
Beacon Power Corp. * 9,954 6,470
Capstone Turbine Corp. * 15,235 13,102
China BAK Battery, Inc. * 3,950 9,796
Cohu, Inc. 2,625 29,400
Coleman Cable, Inc. * 1,130 6,046
DTS, Inc. * 2,040 33,803
Encore Wire Corp. 2,056 34,870
GrafTech International, Ltd. * 13,399 89,639
Greatbatch, Inc. * 2,542 64,236
Houston Wire & Cable Company 2,086 16,229
Littelfuse, Inc. * 2,483 37,344
Methode Electronics, Inc. 4,403 37,249
Plug Power, Inc. * 9,613 9,901
Powell Industries, Inc. * 866 20,663
Power-One, Inc. * 9,618 12,023
Ultralife Batteries, Inc. * 1,479 15,086
Universal Electronics, Inc. * 1,598 26,527
US Geothermal, Inc. * 7,289 4,082
Varian, Inc. * 3,278 119,975
Vicor Corp. 2,445 14,157
W.H. Brady Company, Class A 5,550 114,608

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
Watsco, Inc. 2,569 $ 101,065
    1,234,672
Electrical Utilities - 2.35%    
Allete, Inc. 2,904 99,375
Avista Corp. 5,902 104,288
Black Hills Corp. 4,275 110,338
Central Vermont Public Service Corp. 1,260 23,801
CH Energy Group, Inc. 1,757 76,851
Cleco Corp. 6,675 157,330
Connecticut Water Service, Inc. 1,054 26,287
El Paso Electric Company * 5,004 90,172
Empire District Electric Company 3,784 66,371
EnerNOC, Inc. * 1,224 8,764
IDACORP, Inc. 5,009 152,274
ITC Holdings Corp. 5,498 230,916
MGE Energy, Inc. 2,455 86,907
NorthWestern Corp. 4,367 90,222
Otter Tail Corp. 3,939 74,014
Pike Electric Corp. * 1,928 23,425
PNM Resources, Inc. 9,726 101,637
Portland General Electric Company 6,897 126,284
UIL Holding Corp. 2,820 84,008
Unisource Energy Corp. 3,830 107,508
Westar Energy, Inc. 11,586 234,385
    2,075,157
Electronics - 1.65%    
Adaptec, Inc. * 13,693 38,477
Advanced Battery Technologies, Inc. * 5,329 10,978
Anadigics, Inc. * 7,555 9,368
Analogic Corp. 1,488 58,121
Axsys Technologies, Inc. * 972 67,855
Bel Fuse, Inc., Class B 1,375 26,799
Belden, Inc. 4,888 85,149
Checkpoint Systems, Inc. * 4,427 51,176
Cogo Group, Inc. * 3,105 10,557
CTS Corp. 3,950 21,844
Cubic Corp. 1,739 45,979
Cynosure, Inc. * 1,127 10,414
Daktronics, Inc. 3,694 33,652
Electro Scientific Industries, Inc. * 3,164 21,547
Ener1, Inc. * 4,060 32,642
Enersys * 3,093 26,383
FEI Company * 4,095 83,210
Franklin Electric, Inc. 2,548 75,217
Harbin Electric, Inc. * 969 7,733
Hutchinson Technology, Inc. * 3,075 8,610
ICx Technologies, Inc. * 1,639 12,817
II-VI, Inc. * 2,720 54,726
Imation Corp. 3,332 44,249
Integrated Electrical Services, Inc. * 920 5,741
IPG Photonics Corp. * 2,173 29,531
LaBarge, Inc. * 1,447 18,088
Maxwell Technologies, Inc. * (a) 2,118 10,336
Measurement Specialties, Inc. * 1,797 10,548
Medis Technologies, Ltd. * (a) 3,365 2,255

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electronics (continued)    
Mentor Graphics Corp. * 10,148 $ 68,803
Mercury Computer Systems, Inc. * 2,731 7,483
Multi-Fineline Electronix, Inc. * 1,039 10,847
Newport Corp. * 4,179 24,280
NVE Corp. * 529 12,215
OSI Systems, Inc. * 1,829 25,387
Park Electrochemical Corp. 2,326 41,356
Rogers Corp. * 2,012 56,738
SiRF Technology Holdings, Inc. * 7,261 10,528
Stoneridge, Inc. * 2,024 9,331
Supertex, Inc. * 1,228 25,604
Sycamore Networks, Inc. * 21,641 66,438
Taser International, Inc. * 7,125 30,994
Technitrol, Inc. 4,785 16,748
Transmeta Corp. * 1,395 25,040
TTM Technologies, Inc. * 4,967 25,381
Universal Display Corp. * 3,373 24,589
Zoran Corp. * 5,803 43,639
Zygo Corp. * 1,982 13,101
    1,452,504
Energy - 0.70%    
Akeena Solar, Inc. * (a) 2,728 5,729
Alon USA Energy, Inc. 1,194 11,713
Aventine Renewable Energy Holdings, Inc. * 2,870 2,296
Clean Energy Fuels Corp. * 2,486 12,057
Comverge, Inc. * 2,638 10,710
Energy Conversion Devices, Inc. * (a) 5,017 140,376
Evergreen Solar, Inc. * (a) 16,021 43,737
Fuelcell Energy, Inc. * 7,925 34,553
GeoMet, Inc. * 2,752 5,642
GT Solar International, Inc. * 3,556 12,517
Headwaters, Inc. * 4,692 26,651
New Jersey Resources Corp. 4,613 185,258
Ormat Technologies, Inc. 2,013 60,591
Pacific Ethanol, Inc. * 5,265 3,528
PowerSecure International, Inc. * 2,135 9,864
Quantum Fuel Systems Technologies    
Worldwide, Inc. * 7,748 6,043
Rosetta Resources, Inc. * 5,834 43,930
    615,195
Financial Services - 2.63%    
Advance America Cash Advance Centers, Inc. 5,146 8,800
Advanta Corp., Class B 4,588 13,535
Apollo Investment Corp. 15,839 134,473
Ares Capital Corp. 10,881 54,187
Asset Acceptance Capital Corp. * 1,760 11,405
Bankrate, Inc. * 1,409 38,705
BGC Partners, Inc. 4,063 15,439
BlackRock Kelso Capital Corp. 1,508 15,457
Broadpoint Securities Group, Inc. * 3,045 7,917
Calamos Asset Management, Inc. 2,467 10,041
Capital Southwest Corp. 353 28,822
Cass Information Systems, Inc. 596 21,158
City Holding Company 1,887 66,838
Cohen & Steers, Inc. 1,863 21,313

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
Credit Acceptance Corp. * (a) 714 $ 9,353
Delphi Financial Group, Inc. 4,727 57,197
Diamond Hill Investment Group, Inc. * 244 13,688
Dollar Financial Corp. * 2,792 21,163
Duff & Phelps Corp. * 1,224 14,076
Encore Capital Group, Inc. * 1,600 13,376
Epoch Holding Corp. 1,340 11,256
Evercore Partners, Inc. 1,145 11,461
FBR Capital Markets Corp. * 2,918 14,590
FCStone Group, Inc. * 2,700 9,180
Financial Federal Corp. 2,838 54,546
First Financial Northwest, Inc. 2,909 26,268
GAMCO Investors, Inc. 861 23,617
GFI Group, Inc. 7,504 28,440
Gladstone Capital Corp. 2,482 14,892
Gladstone Investment Corp. 2,849 14,046
Harris & Harris Group, Inc. * 3,041 12,255
Heartland Payment Systems, Inc. (a) 2,715 46,644
Hercules Technology Growth Capital, Inc. 3,750 24,188
Interactive Brokers Group, Inc. * 4,503 82,135
Interactive Data Corp. 4,022 93,150
International Assets Holding Corp. * 543 4,567
Kayne Anderson Energy Development Fund * 1,296 12,480
KBW, Inc. * (a) 2,881 65,428
Kearny Financial Corp. 2,082 26,587
Knight Capital Group, Inc. * 10,424 172,517
Kohlberg Capital Corp. 2,009 8,237
LaBranche & Company, Inc. * 5,821 28,523
MarketAxess Holdings, Inc. * 3,582 22,925
MCG Capital Corp. 8,067 5,970
Medallion Financial Corp. 1,861 13,027
MVC Capital, Inc. 2,717 30,186
National Financial Partners Corp. 4,656 7,403
Nelnet, Inc., Class A 2,032 26,741
NewStar Financial, Inc. * 2,988 14,223
NGP Capital Resources Company 2,516 24,732
Ocwen Financial Corp. * 4,009 32,673
optionsXpress Holdings, Inc. 4,684 65,998
Patriot Capital Funding, Inc. 2,997 10,100
PennantPark Investment Corp. 2,744 8,095
Penson Worldwide, Inc. * 1,861 12,283
PICO Holdings, Inc. * 1,831 41,545
Piper Jaffray Companies, Inc. * 2,082 78,887
Portfolio Recovery Associates, Inc. * 1,696 57,257
Prospect Capital Corp. 2,971 37,494
Sanders Morris Harris Group, Inc. 2,303 12,114
Stifel Financial Corp. * 2,836 121,976
SWS Group, Inc. 2,733 39,956
The First Marblehead Corp. 7,275 10,112
Thinkorswim Group, Inc. * 5,829 37,655
Thomas Weisel Partners Group, Inc. * 2,411 10,295
U.S. Global Investors, Inc. 1,449 7,260
UMB Financial Corp. (a) 3,490 166,857
United Community Financial Corp. 3,598 6,764
Westwood Holdings Group, Inc. 617 19,312

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
World Acceptance Corp. * 1,852 $ 36,244
    2,320,034
Food & Beverages - 1.71%    
American Dairy, Inc. * 834 14,195
B&G Foods, Inc. 2,380 12,804
Calavo Growers, Inc. 1,359 11,986
Cal-Maine Foods, Inc. (a) 1,454 36,655
Chiquita Brands International, Inc. * 4,855 54,133
Coca-Cola Bottling Company Consolidated 483 20,557
Diamond Foods, Inc. 1,803 54,487
Farmer Brothers Company 615 14,545
Flowers Foods, Inc. 8,566 229,398
Green Mountain Coffee Roasters, Inc. * (a) 1,919 69,736
Hain Celestial Group, Inc. * 4,529 71,286
Imperial Sugar Company 1,413 19,824
J & J Snack Foods Corp. 1,609 47,852
Lance, Inc. 3,027 59,117
M & F Worldwide Corp. * 1,332 20,979
Nash Finch Company 1,435 64,374
Ralcorp Holdings, Inc. * 6,232 389,874
Sanderson Farms, Inc. 2,268 70,716
Seaboard Corp. 37 33,337
Smart Balance, Inc. * (a) 7,152 41,839
Tootsie Roll Industries, Inc. 2,648 68,716
TreeHouse Foods, Inc. * 3,464 82,409
Zhongpin, Inc. * 2,174 18,892
    1,507,711
Food-Meat Products - 0.01%    
HQ Sustainable Maritime Industries, Inc. * 859 4,578
Forest Products - 0.06%    
Deltic Timber Corp. 1,176 56,354
Funeral Services - 0.03%    
Stewart Enterprises, Inc., Class A 9,468 30,203
Furniture & Fixtures - 0.16%    
American Woodmark Corp. (a) 1,233 20,258
Ethan Allen Interiors, Inc. 2,714 37,480
Furniture Brands International, Inc. 4,794 15,629
Hooker Furniture Corp. 1,128 7,524
Kimball International, Inc., Class B 3,770 25,221
La-Z-Boy, Inc. 5,839 19,210
Sealy Corp. 5,368 16,158
    141,480
Gas & Pipeline Utilities - 1.53%    
American States Water Company 1,949 68,274
Chesapeake Utilities Corp. 838 26,523
Crosstex Energy, Inc. 4,668 19,372
Middlesex Water Company 1,700 29,240
Nicor, Inc. 4,935 201,249
Northwest Natural Gas Company 2,894 144,555
Piedmont Natural Gas, Inc. 8,092 271,891
RAM Energy Resources, Inc. * 6,438 7,339
South Jersey Industries, Inc. 3,283 128,037
Southwest Gas Corp. 4,805 124,450
The Laclede Group, Inc. 2,408 126,854

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Gas & Pipeline Utilities (continued)    
WGL Holdings, Inc. 5,441 $ 196,420
    1,344,204
Healthcare Products - 2.87%    
Accuray, Inc. * 4,096 20,685
Align Technology, Inc. * 6,946 48,622
Alphatec Holdings, Inc. * 3,198 6,364
American Medical Systems Holdings, Inc. * 8,103 71,306
AngioDynamics, Inc. * 2,748 32,784
ArthroCare Corp. * (a) 2,962 38,743
Atrion Corp. 176 16,894
Bruker BioSciences Corp. * 5,706 26,818
Cantel Medical Corp. * 1,480 13,986
Cardiac Science Corp. * 2,273 14,843
CardioNet, Inc. * 506 10,059
Clinical Data, Inc. * 1,227 11,657
Computer Programs & Systems, Inc. 1,028 28,763
Conceptus, Inc. * 3,383 49,730
CONMED Corp. * 3,175 74,644
Cryolife, Inc. * 3,129 28,474
Cyberonics, Inc. * 2,676 36,742
Cypress Biosciences, Inc. * (a) 4,272 22,898
Digimarc Corp. * 684 6,153
Haemonetics Corp. * 2,824 161,505
Hanger Orthopedic Group, Inc. * 3,440 55,212
ICU Medical, Inc. * 1,234 37,329
Insulet Corp. * 2,219 10,851
Kensey Nash Corp. * 830 15,338
Mannkind Corp. * (a) 5,992 18,875
Masimo Corp. * 5,118 139,670
Medicines Company * 5,779 74,491
Merit Medical Systems, Inc. * 3,080 44,691
Micrus Endovascular Corp. * 1,783 18,900
Natus Medical, Inc. * 3,080 39,147
NutriSystem, Inc. (a) 3,403 47,676
Nuvasive, Inc. * 3,933 135,492
Orthofix International NV * 1,976 23,653
Owens & Minor, Inc. 4,512 187,383
PSS World Medical, Inc. * 6,851 119,139
RTI Biologics, Inc. * 6,330 17,218
Schiff Nutrition International, Inc. * 1,202 7,308
Sirona Dental Systems, Inc. * 1,892 22,666
Somanetics Corp. * 1,350 23,679
SonoSite, Inc. * 1,894 34,262
Spectranetics Corp. * 3,866 10,902
Stereotaxis, Inc. * 3,168 15,238
STERIS Corp. 6,469 178,868
SurModics, Inc. * (a) 1,737 39,499
Symmetry Medical, Inc. * 3,964 35,517
Synovis Life Technologies, Inc. * 1,419 20,306
Thoratec Corp. * 6,041 151,206
TomoTherapy, Inc. * 4,932 11,393
Trans1, Inc. * 1,413 10,499
Ulta Salon, Cosmetics & Fragrance, Inc. * 2,299 16,507
USANA Health Sciences, Inc. * 761 23,112
VNUS Medical Technologies * 1,487 22,305
Volcano Corp. * 5,242 85,549

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Healthcare Products (continued)    
Wright Medical Group, Inc. * 4,117 $ 69,824
Zoll Medical Corp. * 2,341 41,693
    2,527,068
Healthcare Services - 2.14%    
Air Methods Corp. * 1,226 19,432
Alliance Imaging, Inc. * 2,920 22,834
Amedisys, Inc. * (a) 2,932 114,025
AMERIGROUP Corp. * 5,942 145,936
AMN Healthcare Services, Inc. * 3,820 34,074
AmSurg Corp. * 3,485 69,456
Assisted Living Concepts, Inc. * 6,240 29,141
athenahealth, Inc. * 2,291 62,613
Capital Senior Living Corp. * 2,678 7,284
Catalyst Health Solutions, Inc. * 3,668 82,530
Centene Corp. * 4,815 89,077
CorVel Corp. * 906 20,023
Cross Country Healthcare, Inc. * 3,472 30,241
Emergency Medical Services Corp., Class A * 1,037 35,175
Emeritus Corp. * 2,258 15,400
Enzo Biochem, Inc. * 3,693 18,797
Five Star Quality Care, Inc. * 3,739 5,272
Healthcare Services Group, Inc. 4,768 75,811
Healthsouth Corp. * 9,841 96,835
Healthspring, Inc. * 5,464 79,720
Healthways, Inc. * 3,964 32,069
IPC The Hospitalist Company * 705 12,302
Kindred Healthcare, Inc. * 3,129 33,574
LHC Group, Inc. * 1,620 54,076
Magellan Health Services, Inc. * 4,466 146,708
National Healthcare Corp. 955 43,347
Nighthawk Radiology Holdings, Inc. * 2,782 8,068
Obagi Medical Products, Inc. * 2,051 13,885
Odyssey Healthcare, Inc. * 3,705 30,270
Palomar Medical Technologies, Inc. * 2,066 18,697
Phase Forward, Inc. * 4,773 66,202
Psychiatric Solutions, Inc. * 6,152 155,646
RadNet, Inc. * (a) 2,560 9,037
Skilled Healthcare Group, Inc. * 2,000 21,640
Star Scientific, Inc. * 7,593 23,235
Sun Healthcare Group, Inc. * 4,845 48,547
The Advisory Board Company * 1,942 48,647
The Ensign Group, Inc. 951 13,904
Town Sports International Holdings, Inc. * 2,126 6,017
Triple-S Management Corp. * 1,825 19,893
US Physical Therapy, Inc. * 1,391 16,831
Virtual Radiologic Corp * 901 6,532
    1,882,803
Homebuilders - 0.26%    
AMREP Corp. * 220 6,314
Beazer Homes USA, Inc. * 4,768 8,630
Cavco Industries, Inc. * 745 22,544
Champion Enterprises, Inc. * 8,145 5,946
Hovnanian Enterprises, Inc., Class A * 5,396 11,817
M/I Homes, Inc. 1,631 17,191
Meritage Homes Corp. * 3,475 43,090

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Homebuilders (continued)    
Palm Harbor Homes, Inc. * 1,208 $ 8,951
Ryland Group, Inc. 4,727 80,217
Standard Pacific Corp. * 14,141 27,292
    231,992
Hotels & Restaurants - 1.20%    
AFC Enterprises, Inc. * 3,195 12,876
Ameristar Casinos, Inc. 2,964 22,704
BJ's Restaurants, Inc. * 2,054 20,088
Bob Evans Farms, Inc. 3,418 57,320
Buffalo Wild Wings, Inc. * 1,961 45,025
California Pizza Kitchen, Inc. * 2,408 18,662
CBRL Group, Inc. 2,458 47,513
CEC Entertainment, Inc. * 2,204 37,931
CKE Restaurants, Inc. 5,832 41,990
Denny's Corp. * 11,020 20,497
DineEquity, Inc. (a) 1,984 25,256
Domino's Pizza, Inc. * 4,497 17,358
Jack in the Box, Inc. * 6,456 112,980
Krispy Kreme Doughnuts, Inc. * (a) 6,422 16,183
Landry's Restaurants, Inc. (a) 1,328 15,392
Luby's Cafeterias, Inc. * 2,637 11,550
Marcus Corp. 2,336 30,111
Morgans Hotel Group Company * 3,256 13,024
O'Charley's, Inc. 2,442 5,177
P.F. Chang's China Bistro, Inc. * (a) 2,657 49,766
Papa John's International, Inc. * 2,396 42,457
Peets Coffee & Tea, Inc. * 1,586 35,796
Red Robin Gourmet Burgers, Inc. * 1,913 23,320
Ruby Tuesday, Inc. * 6,484 7,457
Sonic Corp. * 6,705 56,657
Texas Roadhouse, Inc., Class A * 5,810 32,478
The Cheesecake Factory, Inc. * 6,661 48,492
The Steak & Shake Company * (a) 3,581 15,828
Wendy's/Arby's Group, Inc. 44,122 177,371
    1,061,259
Household Appliances - 0.04%    
Libbey, Inc. 1,849 3,698
National Presto Industries, Inc. 498 32,674
    36,372
Household Products - 0.35%    
Blyth, Inc. 2,700 22,383
Central Garden & Pet Company, Class A * 7,317 30,585
Tempur-Pedic International, Inc. (a) 8,353 58,387
Tupperware Brands Corp. 6,849 134,720
TurboChef Technologies, Inc. * 2,754 10,410
WD-40 Company 1,828 52,281
    308,766
Industrial Machinery - 1.78%    
Actuant Corp., Class A 6,231 111,784
Alamo Group, Inc. 784 9,871
Albany International Corp., Class A 3,340 51,369
Altra Holdings, Inc. * 3,098 23,855
Badger Meter, Inc. 1,636 51,321
Briggs & Stratton Corp. (a) 5,461 76,891

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrial Machinery (continued)    
Cascade Corp. 1,032 $ 27,885
Chart Industries, Inc. * 3,213 30,716
Circor International, Inc. 1,880 41,040
Cognex Corp. 4,704 64,116
Dionex Corp. * 2,043 104,785
DXP Enterprises, Inc. * 832 10,991
EnPro Industries, Inc. * 2,284 42,642
Flow International Corp. * 4,596 10,019
Gorman-Rupp Company 1,618 44,657
H&E Equipment Services, Inc. * 1,960 13,191
Intevac, Inc. * 2,550 12,597
Kadant, Inc. * 1,617 24,223
Key Technology, Inc. * 742 11,686
Lindsay Corp. (a) 1,326 51,595
Lufkin Industries, Inc. 1,639 80,819
Metropolitan Pro Corp. 1,745 20,539
Middleby Corp. * 1,885 61,017
Mitcham Industries, Inc. * 1,159 4,972
NACCO Industries, Inc., Class A 680 24,820
NATCO Group, Inc. * 2,245 40,702
OYO Geospace Corp. * 516 11,744
Presstek, Inc. * 3,415 8,367
Raser Technologies, Inc. * (a) 5,445 25,591
Regal-Beloit Corp. 3,581 120,465
Robbins & Myers, Inc. 3,127 70,357
Rofin-Sinar Technologies, Inc. * 3,332 79,102
Sauer-Danfoss, Inc. 1,325 10,719
Tecumseh Products Company, Class A * 1,945 22,990
Tennant Company 1,867 44,976
Tredegar Industries, Inc. 2,708 42,570
Twin Disc, Inc. 1,152 7,649
Watts Water Technologies, Inc., Class A 3,209 72,203
    1,564,836
Industrials - 0.19%    
Brookfield Homes Corp. 1,172 5,555
Clean Harbors, Inc. * 2,187 138,065
EnergySolutions, Inc. 3,813 17,387
Graham Corp. 1,145 10,420
    171,427
Insurance - 3.76%    
Ambac Financial Group, Inc. 30,009 42,013
American Equity Investment Life Holding    
Company 6,438 40,044
American Physicians Capital, Inc. 942 36,126
American Safety Insurance Holdings, Ltd. * 1,339 11,957
Amerisafe, Inc. * 2,128 34,474
Amtrust Financial Services, Inc. 1,758 15,717
Argo Group International Holdings, Ltd. * 3,426 108,399
Aspen Insurance Holdings, Ltd. 9,464 174,422
Assured Guaranty, Ltd. (a) 6,231 70,036
Baldwin & Lyons, Inc., Class B 1,026 18,827
Castlepoint Holdings, Ltd. 3,775 38,732
Ceva, Inc. * 2,458 18,165
Citizens, Inc., Class A * 4,294 40,578
CNA Surety Corp. * 1,867 22,609

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance (continued)    
Crawford & Company, Class B * 2,726 $ 30,640
Donegal Group, Inc. 1,364 21,442
eHealth, Inc. * 2,878 31,572
EMC Insurance Group, Inc. 690 17,036
Employers Holdings, Inc. 5,489 89,416
Enstar Group, Ltd. * 624 29,659
FBL Financial Group, Inc., Class A 1,501 17,066
First Acceptance Corp. * 2,432 8,269
First Mercury Financial Corp. * 1,678 20,405
Flagstone Reinsurance Holdings, Ltd. 3,397 34,921
FPIC Insurance Group, Inc. * 933 43,235
Greenlight Capital Re, Ltd. * 3,263 34,131
Hallmark Financial Services, Inc. * 797 4,925
Harleysville Group, Inc. 1,437 54,146
Horace Mann Educators Corp. 4,675 39,831
Independence Holding Company 1,064 5,480
Infinity Property & Casualty Corp. 1,686 77,371
IPC Holdings, Ltd. 5,568 155,904
Kansas City Life Insurance Company 556 25,459
LandAmerica Financial Group, Inc. 1,848 185
Life Partners Holdings, Inc. 670 23,919
Maiden Holdings, Ltd. 5,693 23,626
Max Re Capital, Ltd. 6,356 73,475
Meadowbrook Insurance Group, Inc. 6,355 35,652
Montpelier Re Holdings, Ltd. 10,387 143,029
National Interstate Corp. 717 12,038
National Western Life Insurance Company,    
Class A 82 13,201
Navigators Group, Inc. * 1,440 78,192
NYMAGIC, Inc. 598 9,383
Odyssey Re Holdings Corp. 2,657 119,538
Phoenix Companies, Inc. 13,058 37,215
Platinum Underwriters Holdings, Ltd. 5,403 166,034
PMA Capital Corp., Class A * 3,765 19,013
PMI Group, Inc. 9,460 15,798
Presidential Life Corp. 2,703 29,084
ProAssurance Corp. * 3,532 192,812
Radian Group, Inc. 9,164 24,834
RLI Corp. 2,046 119,323
Safety Insurance Group, Inc. 1,800 63,144
SeaBright Insurance Holdings, Inc. * 2,434 25,703
Selective Insurance Group, Inc. 5,902 135,510
State Auto Financial Corp. 1,551 33,316
Stewart Information Services Corp. 1,972 23,072
Tower Group, Inc. 2,260 51,551
United America Indemnity, Ltd. * 2,168 27,967
United Fire & Casualty Company 2,545 54,438
Universal American Financial Corp. * 4,511 44,839
Validus Holdings, Ltd. 7,160 166,398
Zenith National Insurance Corp. 4,093 135,028
    3,310,324
International Oil - 0.14%    
ATP Oil & Gas Corp. * 3,217 21,490
BPZ Energy, Inc. * (a) 6,725 41,426
Callon Petroleum Company * 2,520 6,174
Cheniere Energy, Inc. * (a) 5,661 17,775

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
International Oil (continued)    
Parker Drilling Company * 12,632 $ 38,654
    125,519
Internet Content - 0.22%    
Dice Holdings, Inc. * 1,943 6,198
InfoSpace, Inc. * 3,880 30,303
Internet Capital Group, Inc. * 4,465 16,431
Liquidity Services, Inc. * 1,663 12,240
LoopNet, Inc. * (a) 3,304 21,212
Move, Inc. * 13,684 16,284
RightNow Technologies, Inc. * 3,190 25,711
TechTarget, Inc. * 1,702 7,795
TeleCommunication Systems, Inc. * 3,792 29,957
The Knot, Inc. * 3,158 23,748
TheStreet.com, Inc. 2,216 7,512
    197,391
Internet Incubators - 0.03%    
ModusLink Global Solutions, Inc. * 5,233 23,234
Internet Retail - 0.36%    
1-800-Flowers.com, Inc. * 3,178 11,854
Blue Nile, Inc. * (a) 1,490 35,551
Drugstore.com, Inc. * 10,128 10,128
Internet Brands, Inc. * 2,531 15,869
Mercadolibre, Inc. * 2,855 35,173
Netflix, Inc. * 4,469 102,698
Orbitz Worldwide, Inc. * 4,218 10,250
Overstock.com, Inc. * 1,770 18,567
PetMed Express, Inc. * 2,644 47,407
Shutterfly, Inc. * 2,245 15,356
Stamps.com, Inc. * 1,617 14,327
    317,180
Internet Service Provider - 0.26%    
Cogent Communications Group, Inc. * (a) 5,403 29,717
Earthlink, Inc. * 12,155 80,952
Entrust, Inc. * 7,249 10,221
Online Resources Corp. * 3,201 10,179
Rackspace Hosting, Inc. * 1,925 13,283
Terremark Worldwide, Inc. * 6,007 21,805
United Online, Inc. 8,534 56,580
Web.com Group, Inc. * 3,062 7,747
    230,484
Internet Software - 0.83%    
Art Technology Group, Inc. * 14,630 28,090
Chordiant Software, Inc. * 3,570 9,817
Cybersource Corp. * 7,654 71,029
DealerTrack Holdings, Inc. * 4,749 56,276
Digital River, Inc. * 4,108 86,802
eResearch Technology, Inc. * 4,885 27,551
Interwoven, Inc. * 5,076 66,039
Keynote Systems, Inc. * 1,769 13,480
NIC, Inc. * 4,491 20,793
PC-Tel, Inc. * 2,436 14,713
RealNetworks, Inc. * 10,115 38,437
S1 Corp. * 5,570 41,664
Sapient Corp. * 9,747 38,403

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Internet Software (continued)    
SupportSoft, Inc. * 6,008 $ 12,076
Switch & Data Facilities Company, Inc. * 2,422 12,619
TIBCO Software, Inc. * 20,734 100,353
VASCO Data Security International, Inc. * 3,010 31,424
Vignette Corp. * 2,862 24,899
Vocus, Inc. * 1,804 32,779
    727,244
Investment Companies - 0.01%    
Fifth Street Finance Corp. 1,249 9,155
Leisure Time - 1.04%    
Bally Technologies, Inc. * 6,099 112,648
Blockbuster, Inc., Class A * 18,632 22,172
Bluegreen Corp. * 1,639 5,097
Brunswick Corp. 10,108 27,393
Callaway Golf Company 7,394 74,458
Churchill Downs, Inc. 1,082 37,935
Cinemark Holdings, Inc. 3,369 25,369
Gaylord Entertainment Company * (a) 4,629 42,540
Great Wolf Resorts, Inc. * 3,630 4,102
Isle of Capri Casinos, Inc. * (a) 2,143 7,200
Life Time Fitness, Inc. * (a) 3,882 58,113
Monarch Casino & Resort, Inc. * 1,460 13,140
National Cinemedia, Inc. 4,759 38,738
Parkervision, Inc. * (a) 2,864 10,597
Pinnacle Entertainment, Inc. * 6,898 39,319
Polaris Industries, Inc. 3,642 99,427
RC2 Corp. * 2,019 21,462
Riviera Holdings Corp. * 1,314 5,453
Shuffle Master, Inc. * 6,140 26,279
Speedway Motorsports, Inc. 1,558 21,547
Steinway Musical Instruments, Inc. * 840 14,969
The Nautilus Group, Inc. * 2,954 8,685
Vail Resorts, Inc. * (a) 3,481 75,712
WMS Industries, Inc. * 4,874 120,144
    912,499
Life Sciences - 0.43%    
American Ecology Corp. 1,831 32,372
Celera Corp. * 8,897 86,657
Dawson Geophysical Company * 887 18,245
Halozyme Therapeutics, Inc. * 6,863 25,462
Incyte Corp. * 8,671 28,961
Nanosphere, Inc. * 1,661 8,305
Omrix Biopharmaceuticals, Inc. * 1,603 39,883
Repligen Corp. * 3,633 14,169
Sequenom, Inc. * 6,298 105,239
Symyx Technologies, Inc. * 3,905 15,698
    374,991
Liquor - 0.03%    
Boston Beer Company, Inc. * 920 29,514
Manufacturing - 1.46%    
Acuity Brands, Inc. 4,475 120,646
American Railcar Industries, Inc. 1,107 9,520
ATC Technology Corp. * 2,416 41,773
Barnes Group, Inc. 5,337 71,462

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Manufacturing (continued)    
Blount International, Inc. * 4,343 $ 39,304
Ceradyne, Inc. * 2,932 76,994
China Fire & Security Group, Inc. * (a) 1,623 11,182
Coherent, Inc. * 2,657 66,133
Colfax Corp. * 2,454 23,460
ESCO Technologies, Inc. * 2,882 88,132
Force Protection, Inc. * 7,819 31,120
Freightcar America, Inc. 1,325 28,805
GenTek, Inc. * 1,071 19,728
Hexcel Corp. * 10,656 79,920
Insteel Industries, Inc. 2,009 19,608
iRobot Corp. * 2,040 21,298
Kaydon Corp. 3,069 94,679
Koppers Holdings, Inc. 2,339 50,101
K-Tron International, Inc. * 286 20,578
Lancaster Colony Corp. 2,228 67,174
Lydall, Inc. * 2,137 11,283
Mine Safety Appliances Company 3,438 84,059
Nordson Corp. 3,752 121,752
Park-Ohio Holdings Corp. * 1,081 4,940
Polypore International, Inc. * 1,882 8,488
Raven Industries, Inc. 1,791 45,760
Smith & Wesson Holding Corp. * 4,460 9,188
Spartan Motors, Inc. 3,974 11,843
Thermadyne Holdings Corp. * 1,585 10,303
    1,289,233
Medical-Biomedical/Gene - 0.01%    
Celldex Therapeutics, Inc. * 1,811 11,753
Medical-Generic Drugs - 0.01%    
Acura Pharmaceuticals, Inc. * 978 7,609
Medical-Hospitals - 0.44%    
Cepheid, Inc. * 6,350 86,233
DexCom, Inc. * 3,416 6,832
EV3, Inc. * 7,868 39,340
Exactech, Inc. * 851 14,901
Genoptix, Inc. * 916 29,065
IRIS International, Inc. * 2,102 26,905
MedCath Corp. * 1,878 13,860
Microvision, Inc. * 8,227 10,201
MWI Veterinary Supply, Inc. * 1,139 28,418
Neogen Corp. * 1,612 36,415
Novavax, Inc. * 6,800 14,416
NxStage Medical, Inc. * (a) 3,132 7,830
Orthovita, Inc. * 7,611 25,497
RehabCare Group, Inc. * 2,056 29,915
Vital Images, Inc. * 1,800 20,988
    390,816
Metal & Metal Products - 0.88%    
A. M. Castle & Company 1,934 17,561
Ampco-Pittsburgh Corp. 980 16,317
Brush Engineered Materials, Inc. * 2,337 27,062
Dynamic Materials Corp. 1,424 22,642
Fushi Copperweld, Inc. * 1,784 6,779
Gibraltar Industries, Inc. 3,035 39,151
Haynes International, Inc. * 1,357 24,738

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Metal & Metal Products (continued)    
Horsehead Holding Corp. * 4,189 $ 12,986
Kaiser Aluminum Corp. 1,785 37,681
L.B. Foster Company * 1,252 39,901
Ladish Company, Inc. * 1,629 26,993
Lawson Products, Inc. 534 12,191
Matthews International Corp., Class A 3,443 140,578
Metalico, Inc. * 3,239 8,130
Mueller Industries, Inc. 4,141 96,485
Mueller Water Products, Inc. 13,034 80,289
RBC Bearings, Inc. * 2,455 55,778
RTI International Metals, Inc. * 2,592 31,156
Sun Hydraulics, Inc. 1,325 20,167
Universal Stainless & Alloy Products, Inc. * 844 10,297
USEC, Inc. * (a) 12,507 48,152
    775,034
Mining - 0.55%    
Allied Nevada Gold Corp. * 6,445 18,368
AMCOL International Corp. 2,881 58,023
Apex Silver Mines, Ltd. * 6,927 5,611
Compass Minerals International, Inc. 3,594 201,228
General Moly, Inc. * 6,717 7,725
Hecla Mining Company * 17,182 39,862
Royal Gold, Inc. 3,523 140,920
Stillwater Mining Company * (a) 4,789 14,990
Uranium Resources, Inc. * 4,719 2,407
    489,134
Mobile Homes - 0.04%    
Skyline Corp. 818 18,871
Winnebago Industries, Inc. 3,407 20,033
    38,904
Newspapers - 0.01%    
AH Belo Corp. 2,758 5,571
Office Furnishings & Supplies - 0.36%    
Acco Brands Corp. * 6,759 6,218
Herman Miller, Inc. 6,214 91,408
HNI Corp. (a) 4,937 65,909
Knoll, Inc. 5,365 57,781
The Standard Register Company 1,765 9,902
United Stationers, Inc. * 2,597 82,610
    313,828
Paper - 0.47%    
AbitibiBowater, Inc. * 2,975 2,053
Buckeye Technologies, Inc. * 4,600 20,746
KapStone Paper and Packaging Corp. * 2,294 10,162
Mercer International, Inc. * 4,131 9,501
Neenah Paper, Inc. 1,793 14,667
P.H. Glatfelter Company 5,108 48,628
Potlatch Corp. 4,335 115,658
Rock-Tenn Company, Class A 4,232 142,915
Wausau-Mosinee Paper Corp. 4,986 51,306
    415,636
Petroleum Services - 0.96%    
Approach Resources, Inc. * 1,113 9,672
Basic Energy Services, Inc. * 4,618 53,015

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Petroleum Services (continued)    
Bolt Technology Corp. * 1,073 $ 9,035
Bronco Drilling Company, Inc. * 3,113 19,861
Complete Production Services, Inc. * 5,363 43,923
CVR Energy, Inc. * 2,756 9,646
Delek US Holdings, Inc. 1,553 8,541
Dril-Quip, Inc. * 3,431 67,522
Flotek Industries, Inc. * 2,703 8,136
Grey Wolf, Inc. * 19,785 108,422
GulfMark Offshore, Inc. * 2,494 70,580
Hornbeck Offshore Services, Inc. * 2,575 43,466
ION Geophysical Corp. * 9,552 28,656
Newpark Resources, Inc. * 10,051 46,235
Petroleum Development Corp. * 1,692 32,486
Pioneer Drilling Company * 5,601 41,111
Rentech, Inc. * 17,784 11,382
Rex Energy Corp. * 1,996 12,176
RPC, Inc. 3,222 27,709
Superior Well Services, Inc. * 1,874 19,208
T-3 Energy Services, Inc. * 1,426 18,752
Trico Marine Services, Inc. * (a) 1,623 6,200
Willbros Group, Inc. * 4,366 36,107
World Fuel Services Corp. 3,200 116,160
    848,001
Pharmaceuticals - 3.12%    
Acadia Pharmaceuticals, Inc. * 3,924 5,023
Adolor Corp. * 5,551 10,491
Affymax, Inc. * 1,213 14,131
Akorn, Inc. * 6,372 10,450
Alexion Pharmaceuticals, Inc. * 8,534 287,254
Alexza Pharmaceuticals, Inc. * 2,966 5,339
Alkermes, Inc. * 10,628 78,435
Allos Therapeutics, Inc. * 5,968 42,970
American Oriental Bioengineering, Inc. * (a) 6,905 39,151
Amicus Therapeutics Inc * 591 5,260
Array BioPharma, Inc. * 5,466 20,662
Auxilium Pharmaceuticals, Inc. * (a) 4,586 99,883
Biodel, Inc. * 1,443 3,968
BioForm Medical, Inc. * 2,804 3,729
BMP Sunstone Corp. * 2,657 15,942
Cadence Pharmaceuticals, Inc. * (a) 2,328 15,505
Caraco Pharmaceutical Labs * 1,307 5,672
Cubist Pharmaceuticals, Inc. * 6,233 153,083
Emergent Biosolutions, Inc. * 1,492 33,749
Enzon Pharmaceuticals, Inc. * 5,192 25,493
Gentiva Health Services, Inc. * 2,817 71,073
Idenix Pharmaceuticals, Inc. * 2,912 16,861
Indevus Pharmaceuticals, Inc. * 8,886 22,215
Inspire Pharmaceuticals, Inc. * 4,935 17,766
Isis Pharmaceuticals, Inc. * 10,044 115,205
Javelin Pharmaceuticals, Inc. * 6,012 4,870
K-V Pharmaceutical Company, Class A * (a) 3,651 16,722
Ligand Pharmaceuticals, Inc., Class B * 9,931 20,458
Medicis Pharmaceutical Corp., Class A 6,274 76,731
Noven Pharmaceuticals, Inc. * 2,818 32,266
NPS Pharmaceuticals, Inc. * 5,328 32,714
Onyx Pharmaceuticals, Inc. * 6,172 173,433

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Optimer Pharmaceuticals, Inc. * (a) 2,938 $ 23,357
OSI Pharmaceuticals, Inc. * (a) 6,352 236,294
Par Pharmaceutical Companies, Inc. * 3,879 45,229
PDL BioPharma, Inc. * 13,254 126,973
Pharmasset, Inc. * 1,892 31,161
PharMerica Corp. * 3,370 56,009
POZEN, Inc. * 3,008 20,484
Prestige Brands Holdings, Inc. * 3,820 29,872
Questcor Pharmaceuticals, Inc. * 5,989 51,206
Regeneron Pharmaceuticals, Inc. * 6,897 106,628
Rigel Pharmaceuticals, Inc. * 4,118 30,556
Salix Pharmaceuticals, Ltd. * 5,359 43,408
Savient Pharmaceuticals, Inc. * (a) 6,161 22,796
Sucampo Pharmaceuticals, Inc. * 1,100 6,743
Synta Pharmaceuticals Corp. * 2,010 10,653
Theravance, Inc. * 5,833 38,964
United Therapeutics Corp. * 2,478 135,869
Valeant Pharmaceuticals International * 7,749 150,951
ViroPharma, Inc. * 7,767 87,767
XOMA, Ltd. * 14,876 13,983
    2,745,407
Plastics - 0.02%    
AEP Industries, Inc. * 656 13,599
Pollution Control - 0.02%    
Fuel Tech, Inc. * (a) 2,135 18,873
Publishing - 0.33%    
American Greetings Corp., Class A 5,048 58,153
Consolidated Graphics, Inc. * 1,164 16,727
Courier Corp. 1,210 22,058
Dolan Media Company * 3,018 13,008
Lee Enterprises, Inc. 5,738 5,967
Martha Stewart Living    
Omnimedia, Inc., Class A * 2,991 9,990
McClatchy Company, Class A (a) 6,869 13,394
Media General, Inc., Class A 2,975 5,742
Multi-Color Corp. 1,222 16,375
Scholastic Corp. 2,669 40,756
Valassis Communications, Inc. * 5,861 8,674
VistaPrint, Ltd. * 4,916 80,377
    291,221
Railroads & Equipment - 0.37%    
Genesee & Wyoming, Inc., Class A * 3,393 103,079
Greenbrier Company, Inc. (a) 1,921 14,542
Wabtec Corp. 5,346 206,302
    323,923
Real Estate - 4.95%    
Acadia Realty Trust, REIT 3,579 50,034
Agree Realty Corp., REIT 993 13,574
Alexander's, Inc., REIT * 223 47,454
American Campus Communities, Inc., REIT 4,665 104,449
American Capital Agency Corp. 1,147 22,871
Anthracite Capital, Inc., REIT (a) 6,868 20,741
Anworth Mortgage Asset Corp., REIT 9,178 58,097
Arbor Realty Trust, Inc., REIT 1,854 5,061

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Real Estate (continued)    
Ashford Hospitality Trust, Inc., REIT 14,432 $ 22,514
Associated Estates Realty Corp., REIT 1,833 16,057
Avatar Holdings, Inc. * 705 20,473
BioMed Realty Trust, Inc., REIT 8,893 82,883
Capital Lease Funding, Inc., REIT 5,300 11,077
Capital Trust, Inc., Class A, REIT (a) 2,020 10,100
Capstead Mortage Corp., REIT 6,252 65,583
Care Investment Trust, Inc., REIT 1,627 14,074
Cedar Shopping Centers, Inc., REIT 4,427 20,807
Chimera Investment Corp. 3,965 11,816
Cogdell Spencer, Inc., REIT 1,480 11,840
Colonial Properties Trust, REIT 5,384 30,527
Consolidated Tomoka Land Company 629 21,606
Corporate Office Properties Trust, REIT 4,620 137,260
Cousins Properties, Inc., REIT (a) 4,841 52,186
DCT Industrial Trust, Inc., REIT 19,183 85,940
DiamondRock Hospitality Company, REIT 10,680 39,730
EastGroup Properties, Inc., REIT (a) 2,747 88,536
Education Realty Trust, Inc., REIT 3,650 16,316
Entertainment Properties Trust, REIT 3,606 88,455
Equity Lifestyle Properties, Inc., REIT 2,250 77,850
Equity One, Inc., REIT (a) 3,513 58,140
Extra Space Storage, Inc., REIT 8,834 78,181
FelCor Lodging Trust, Inc., REIT 8,080 13,655
First Industrial Realty Trust, Inc., REIT 5,038 43,579
First Potomac Realty Trust, REIT 3,202 25,712
Forestar Real Estate Group, Inc. * 4,067 18,830
Franklin Street Properties Corp., REIT 6,575 83,371
Fuqi International, Inc. * 1,140 7,091
Getty Realty Corp., REIT 1,962 36,709
Glimcher Realty Trust, REIT 5,141 11,979
Gramercy Capital Corp., REIT 4,215 4,805
Grubb & Ellis Company 4,471 5,946
Hatteras Financial Corp., REIT 1,280 32,986
Healthcare Realty Trust, Inc., REIT 6,472 124,133
Hersha Hospitality Trust, REIT 5,774 20,325
Highwoods Properties, Inc., REIT 7,031 167,900
Hilltop Holdings, Inc. * 5,066 49,394
Home Properties, Inc., REIT 3,487 135,993
Inland Real Estate Corp., REIT 6,365 71,097
Investors Real Estate Trust, SBI, REIT 6,475 63,649
Jer Investors Trust, Inc., REIT (a) 2,848 3,845
Kite Realty Group Trust, REIT 2,712 10,604
LaSalle Hotel Properties, REIT 4,493 39,628
Lexington Corporate Property Trust, REIT 5,913 28,678
LTC Properties, Inc., REIT 2,572 50,103
Maguire Properties, Inc., REIT 4,921 9,350
Medical Properties Trust, Inc., REIT 7,435 46,320
MFA Mortgage Investments, Inc., REIT 21,924 135,710
Mid-America Apartment Communities, Inc.,    
REIT 2,904 107,535
Mission West Properties, Inc., REIT 2,461 18,556
Monmouth Real Estate Investment Corp. 2,548 17,556
National Health Investments, Inc., REIT 2,428 54,751
National Retail Properties, Inc., REIT 8,583 115,098
Newcastle Investment Corp., REIT 6,768 12,115

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Real Estate (continued)    
NorthStar Realty Finance Corp., REIT (a) 6,340 $ 21,556
Omega Healthcare Investors, REIT 9,063 119,994
One Liberty Properties, Inc., REIT 1,111 10,755
Parkway Properties, Inc., REIT 1,796 24,551
Pennsylvania Real Estate    
Investment Trust, REIT 4,050 18,225
Post Properties, Inc., REIT 4,886 76,612
PS Business Parks, Inc., REIT 1,661 79,163
RAIT Financial Trust, REIT (a) 7,348 17,415
Ramco-Gershenson Properties Trust, REIT 2,027 9,993
Realty Income Corp., REIT (a) 11,160 225,320
Redwood Trust, Inc., REIT 3,683 48,063
Resource Capital Corp., REIT 2,938 8,932
Saul Centers, Inc., REIT 1,072 37,734
Senior Housing Properties Trust, REIT 12,650 176,215
Sovran Self Storage, Inc., REIT 2,415 65,591
Strategic Hotel & Resorts, Inc., REIT 7,784 7,784
Sun Communities, Inc., REIT 2,005 21,955
Sunstone Hotel Investors, Inc., REIT 5,913 28,205
Tanger Factory Outlet Centers, Inc., REIT 3,474 127,287
Thomas Properties Group, Inc. 2,901 5,860
Universal Health Realty Income Trust, REIT 1,342 42,099
Urstadt Biddle Properties, Inc., REIT 2,360 37,146
U-Store-It Trust, REIT 5,677 31,224
Washington Real Estate Investment Trust,    
REIT 5,748 152,150
Winthrop Realty Trust, REIT 6,830 15,982
    4,361,046
Retail - 0.03%    
hhgregg, Inc. * 1,525 9,089
Rex Stores Corp. * 1,068 10,626
Syms Corp. * 853 7,933
    27,648
Retail Grocery - 0.56%    
Arden Group, Inc. 129 17,643
Ingles Markets, Inc. 1,497 20,194
PriceSmart, Inc. 1,661 22,689
Ruddick Corp. 4,655 127,361
Spartan Stores, Inc. 2,447 58,043
The Great Atlantic & Pacific Tea Company,    
Inc. * 4,070 21,164
United Natural Foods, Inc. * 4,776 86,016
Village Super Market, Inc. 254 12,436
Weis Markets, Inc. 1,227 38,798
Winn-Dixie Stores, Inc. * 6,045 90,373
    494,717
Retail Trade - 2.42%    
99 Cents Only Stores * 5,160 55,625
Aaron Rents, Inc., Class B 5,020 132,679
Aeropostale, Inc. * 7,380 111,586
Big 5 Sporting Goods Corp. 2,651 10,047
Borders Group, Inc. 7,014 7,505
Build A Bear Workshop, Inc. * 2,108 9,381
Cabela's, Inc. * 4,421 27,631
Casey's General Stores, Inc. 5,612 166,396

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Retail Trade (continued)    
Cash America International, Inc. 3,223 $ 87,053
Casual Male Retail Group, Inc. * 4,384 2,806
Cato Corp., Class A 3,078 42,969
Charlotte Russe Holding, Inc. * 2,399 11,995
Charming Shoppes, Inc. * 11,843 17,764
Chico's FAS, Inc. * 19,657 50,125
Children's Place Retail Stores, Inc. * 2,579 60,477
Christopher & Banks Corp. 4,067 13,706
Citi Trends, Inc. * 1,605 19,741
Coldwater Creek, Inc. * 6,675 12,816
Collective Brands, Inc. * 7,073 54,108
Conn's, Inc. * 1,150 7,084
CSS Industries, Inc. 908 20,702
Dillard's, Inc., Class A 6,454 23,622
DSW, Inc., Class A * 1,514 15,216
FGX International Holdings, Ltd. * 1,585 16,262
Finish Line, Inc. 4,771 25,334
First Cash Financial Services, Inc. * 2,249 34,680
Fossil, Inc. * 5,060 76,912
Fred's, Inc., Class A 4,458 51,267
Gaiam, Inc., Class A * 2,168 11,143
Genesco, Inc. * 2,115 28,468
Haverty Furniture Companies, Inc. 2,077 17,634
Hibbett Sports, Inc. * 3,165 45,070
Hot Topic, Inc. * 4,911 40,368
J. Crew Group, Inc. * 4,702 47,678
Jo-Ann Stores, Inc. * 2,834 39,336
Kenneth Cole Productions, Inc., Class A 1,140 9,975
Lumber Liquidators, Inc. * 1,043 9,888
Marinemax, Inc. * 2,002 5,566
New York & Company, Inc. * 2,836 5,332
Pacific Sunwear of California, Inc. * 7,356 11,108
Pantry, Inc. * 2,483 48,021
Pier 1 Imports, Inc. * 9,279 8,258
Regis Corp. 4,809 52,851
Rent-A-Center, Inc. * 7,421 121,779
School Specialty, Inc. * 2,090 33,482
Shoe Carnival, Inc. * 1,076 10,093
Sonic Automotive, Inc. 3,159 10,172
Stein Mart, Inc. 3,486 5,438
Susser Holdings Corp. * 902 10,950
Systemax, Inc. * 1,253 12,254
Talbots, Inc. 2,594 6,174
The Buckle, Inc. 2,542 47,942
The Dress Barn, Inc. * 5,004 39,181
The Men's Wearhouse, Inc. 5,701 60,659
The Wet Seal, Inc., Class A * 10,369 29,137
Titan Machinery, Inc. * 859 10,042
Tractor Supply Company * 3,669 140,816
Tween Brands, Inc. * 2,841 10,909
Zale Corp. * (a) 3,547 21,034
Zumiez, Inc. * 2,202 19,025
    2,135,272
Sanitary Services - 0.43%    
Casella Waste Systems, Inc., Class A * 2,623 13,141
Darling International, Inc. * 9,150 45,750

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Sanitary Services (continued)    
Flanders Corp. * 2,062 $ 11,403
Insituform Technologies, Inc., Class A * 3,121 50,591
PMFG, Inc. * 1,598 12,944
Waste Connections, Inc. * 8,783 247,944
    381,773
Semiconductors - 2.17%    
Actel Corp. * 2,918 27,021
Advanced Analogic Technologies, Inc. * 5,414 13,589
Advanced Energy Industries, Inc. * 3,718 28,926
American Superconductor Corp. * (a) 4,721 61,798
Amkor Technology, Inc. * 12,308 27,078
Applied Micro Circuits Corp. * 7,409 27,413
ATMI, Inc. * 3,608 43,007
AuthenTec, Inc. * 3,307 5,291
Axcelis Technologies, Inc. * 10,889 6,425
Brooks Automation, Inc. * 7,296 28,163
Cabot Microelectronics Corp. * 2,568 63,609
Cavium Networks, Inc. * 3,392 36,803
Cirrus Logic, Inc. * 7,302 30,814
Cymer, Inc. * 3,329 78,198
Diodes, Inc. * 3,251 15,182
DSP Group, Inc. * 2,925 16,731
Emcore Corp. * 7,683 15,059
Emulex Corp. * 9,367 66,787
Entegris, Inc. * 13,284 18,465
Exar Corp. * 4,316 29,090
FormFactor, Inc. * 5,424 73,387
Hittite Microwave Corp. * 2,145 62,677
IXYS Corp. * 2,805 20,420
Kopin Corp. * 8,240 17,304
Kulicke & Soffa Industries, Inc. * 6,479 9,135
Lattice Semiconductor Corp. * 13,649 20,746
Mattson Technology, Inc. * 6,283 11,309
Micrel, Inc. 5,529 40,915
Microsemi Corp. * 8,681 169,193
Microtune, Inc. * 6,480 14,904
MIPS Technologies, Inc., Class A * 5,552 7,495
MKS Instruments, Inc. * 5,576 79,793
Monolithic Power Systems, Inc. * 2,910 27,849
Netlogic Microsystems, Inc. * 1,901 35,435
OmniVision Technologies, Inc. * 5,683 34,098
Pericom Semiconductor Corp. * 2,630 14,228
PLX Technology, Inc. * 3,511 7,338
PMC-Sierra, Inc. * 24,362 97,692
Power Integrations, Inc. 3,350 61,305
Rubicon Technology, Inc. * 1,686 7,688
Rudolph Technologies, Inc. * 3,898 12,863
Semitool, Inc. * 2,773 10,343
Semtech Corp. * 6,782 76,772
Silicon Image, Inc. * 8,311 31,416
Skyworks Solutions, Inc. * 18,048 97,279
Techwell, Inc. * 1,803 10,007
Tessera Technologies, Inc. * 5,381 98,903
Triquint Semiconductor, Inc. * 16,091 41,515
Ultratech, Inc. * 2,684 33,684
Veeco Instruments, Inc. * 3,737 22,160

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Semiconductors (continued)    
Volterra Semiconductor Corp. * 2,894 $ 21,647
    1,908,949
Software - 3.01%    
ACI Worldwide, Inc. * 3,836 60,225
Actuate Corp. * 6,944 18,263
Advent Software, Inc. * 1,869 41,679
Allscripts Healthcare Solution, Inc. * 6,390 49,203
American Reprographics Company * 4,053 31,735
American Software, Inc., Class A 2,913 11,856
AsiaInfo Holdings, Inc. * 3,900 43,017
Avid Technology, Inc. * 3,368 42,167
Blackbaud, Inc. 4,959 61,987
Blackboard, Inc. * 3,432 84,530
Bottomline Technologies, Inc. * 2,549 17,333
Callidus Software, Inc. * 3,781 7,713
China Information Security Technology, Inc. * 2,719 10,876
CIBER, Inc. * 6,201 26,602
Commvault Systems, Inc. * 4,801 49,210
Concur Technologies, Inc. * 4,776 131,101
Deltek, Inc. * 1,599 7,675
DemandTec, Inc. * 2,306 16,742
DivX, Inc. * 3,124 15,058
Double-Take Software, Inc. * 2,004 15,812
Ebix, Inc. * 699 18,122
Eclipsys Corp. * 6,038 79,218
Epicor Software Corp. * 6,647 27,253
EPIQ Systems, Inc. * 3,945 64,067
FARO Technologies, Inc. * 1,936 27,859
i2 Technologies, Inc. * 1,796 14,907
Igate Corp. * 2,497 15,232
Innerworkings, Inc. * 3,581 20,089
Interactive Intelligence, Inc. * 1,601 11,927
JDA Software Group, Inc. * 2,882 37,985
Lawson Software, Inc. * 13,130 51,470
Magma Design Automation, Inc. * 5,358 9,537
Manhattan Associates, Inc. * 2,744 42,120
ManTech International Corp. * 2,265 123,261
MedAssets, Inc. * 2,046 25,984
MicroStrategy, Inc., Class A * 1,007 35,930
Monotype Imaging Holdings, Inc. * 1,851 9,995
MSC Software Corp. * 5,073 38,047
NetSuite, Inc. * 796 6,901
Omnicell, Inc. * 3,491 39,588
Omniture, Inc. * (a) 6,923 68,815
OpenTV Corp., Class A * 10,379 12,040
Opnet Technologies, Inc. * 1,516 16,737
Pegasystems, Inc. 1,661 19,683
Progress Software Corp. * 4,582 97,505
PROS Holdings, Inc. * 1,595 7,688
QAD, Inc. 1,617 6,581
Quality Systems, Inc. 1,916 57,614
Quest Software, Inc. * 8,005 106,867
Riverbed Technology, Inc. * 6,220 58,406
Smith Micro Software, Inc. * 3,461 17,686
Solera Holdings, Inc. * 5,685 111,255
SPSS, Inc. * 1,991 48,660

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Software (continued)    
Sybase, Inc. * 8,747 $ 215,526
Synchronoss Technologies, Inc. * 2,478 17,396
Take-Two Interactive Software, Inc. * 8,538 103,737
Taleo Corp. * 2,922 18,876
THQ, Inc. * 7,453 35,327
Tradestation Group, Inc. * 3,635 25,518
Ultimate Software Group, Inc. * 2,758 42,225
Unica Corp. * 1,792 6,971
VeriFone Holdings, Inc. * 7,579 31,150
Websense, Inc. * 4,975 80,446
    2,648,985
Steel - 0.17%    
General Steel Holdings, Inc. * (a) 1,389 4,653
Northwest Pipe Company * (a) 1,045 30,012
Olympic Steel, Inc. 1,043 18,253
Worthington Industries, Inc. 7,155 95,018
    147,936
Telecommunications Equipment &    
Services - 2.61%    
ADTRAN, Inc. 6,246 88,693
Airvana, Inc. * (a) 2,829 13,353
Alaska Communications Systems Group, Inc. 4,886 47,394
Applied Signal Technology, Inc. 1,463 22,954
Arris Group, Inc. * 13,714 98,604
Aruba Networks, Inc. * 6,050 14,339
Atheros Communications, Inc. * 6,570 95,922
Cbeyond Communications, Inc. * 2,729 41,508
Centennial Communications Corp., Class A * 7,629 58,972
Comtech Telecommunications Corp. * 2,691 127,634
Consolidated Communications Holdings, Inc. 2,698 27,466
CPI International, Inc. * 1,210 11,301
General Communication, Inc., Class A * 5,149 40,317
GeoEye, Inc. * 2,045 40,880
Global Crossing, Ltd. * 3,041 23,325
Globecomm Systems, Inc. * 2,557 13,271
Harmonic, Inc. * 10,564 54,405
Harris Stratex Networks, Inc., Class A * 3,078 15,359
Hughes Communications, Inc. * 864 15,120
Hungarian Telephone & Cable Corp. * 631 5,868
iBasis, Inc. * 4,100 5,699
ICO Global Communications Holdings, Ltd. * 11,161 18,974
Infinera Corp. * 10,370 101,211
InterDigital, Inc. * 5,061 134,218
Iowa Telecommunications Services, Inc. 3,558 54,402
J2 Global Communications, Inc. * 4,920 96,038
Loral Space & Communications, Inc. * 1,510 12,760
Mastec, Inc. * 4,815 30,864
Neutral Tandem, Inc. * 1,885 27,728
NTELOS Holdings Corp. 3,345 74,292
Oplink Communications, Inc. * 2,490 18,800
Orbcomm, Inc. * 4,004 7,407
PAETEC Holding Corp. * 14,561 21,113
Plantronics, Inc. 5,465 69,460
Polycom, Inc. * 9,728 183,178
Premiere Global Services, Inc. * 6,972 42,529

Small Cap Index Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Telecommunications Equipment &    
Services (continued)    
RCN Corp. * 4,324 $ 30,182
SAVVIS, Inc. * 4,255 33,487
Shenandoah Telecommunications Company 2,636 65,531
ShoreTel, Inc. * 5,040 22,277
Sonus Networks, Inc. * 23,436 36,326
Starent Networks Corp. * 3,345 33,283
Symmetricom, Inc. * 5,371 22,451
Tekelec, Inc. * 7,272 89,082
TW Telecom, Inc. * 16,453 125,536
UTStarcom, Inc. * 12,789 24,299
Viasat, Inc. * 2,852 61,118
Virgin Mobile USA, Inc. * 3,669 3,669
    2,302,599
Telephone - 0.12%    
Atlantic Tele-Network, Inc. 1,055 24,202
Cincinnati Bell, Inc. * 27,560 47,679
Fairpoint Communications, Inc. 10,233 35,815
    107,696
Tires & Rubber - 0.06%    
Cooper Tire & Rubber Company 6,750 32,333
Myers Industries, Inc. 3,227 19,620
    51,953
Tobacco - 0.24%    
Alliance One International, Inc. * 10,330 32,023
Schweitzer Mauduit International, Inc. 1,810 33,376
Universal Corp. 2,815 89,996
Vector Group, Ltd. (a) 3,620 51,983
    207,378
Toys, Amusements & Sporting Goods - 0.24%    
Jakks Pacific, Inc. * 3,044 54,487
Marvel Entertainment, Inc. * 5,417 159,531
    214,018
Transportation - 0.80%    
Aircastle, Ltd. 5,280 28,723
American Commercial Lines, Inc. * 4,086 18,264
Arlington Tankers, Ltd. 1,476 14,125
Atlas Air Worldwide Holdings, Inc. * 1,506 23,042
Bristow Group, Inc. * 2,682 60,694
DHT Maritime, Inc. 4,512 24,139
Dynamex, Inc. * 1,062 19,403
Eagle Bulk Shipping, Inc. (a) 5,281 22,867
Genco Shipping & Trading, Ltd. (a) 2,723 24,806
General Maritime Corp. (a) 2,999 38,867
Golar LNG, Ltd. 4,111 26,598
Horizon Lines, Inc. 3,558 14,232
International Shipholding Corp. 712 15,664
Knightsbridge Tankers, Ltd. 1,948 28,967
Marten Transport, Ltd. * 1,688 31,819
Nordic American Tanker Shipping, Ltd. (a) 3,804 111,191
Pacer International, Inc. 3,893 37,723
Patriot Transportation Holding, Inc. * 193 13,356
PHI, Inc. * 1,593 19,674
Saia, Inc. * 1,589 14,158

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Transportation (continued)      
Ship Finance International, Ltd.   4,728 $ 56,216
TBS International, Ltd. *   1,288 6,054
Teekay Tankers, Ltd.   1,581 17,264
Textainer Group Holdings, Ltd.   1,109 11,234
Ultrapetrol Bahamas, Ltd. *   3,091 12,333
Universal Truckload Services, Inc. *   709 12,790
      704,203
Travel Services - 0.02%      
Ambassadors Group, Inc.   2,219 20,104
Trucking & Freight - 0.75%      
Arkansas Best Corp.   2,471 65,605
Celadon Group, Inc. *   2,572 19,830
Forward Air Corp.   3,173 73,360
Heartland Express, Inc.   6,092 94,060
Hub Group, Inc., Class A *   4,090 109,203
Knight Transportation, Inc.   6,260 98,658
Old Dominion Freight Lines, Inc. *   3,031 72,138
Wabash National Corp.   3,683 18,157
Werner Enterprises, Inc.   4,642 80,678
YRC Worldwide, Inc. *   6,777 26,972
      658,661
Utility Service - 0.23%      
Cal Dive International, Inc. *   4,910 30,000
California Water Service Group   2,173 92,353
Consolidated Water Company, Ltd.   1,700 18,190
ENGlobal Corp. *   3,127 9,193
SJW Corp.   1,498 41,944
Southwest Water Company   3,106 13,138
      204,818
Water Treatment Systems - 0.01%      
Energy Recovery, Inc. *   1,723   12,078
TOTAL COMMON STOCKS (Cost $119,965,016)    $ 79,105,116
 
PREFERRED STOCKS - 0.02%      
Healthcare Products - 0.02%      
Inverness Medical Innovations, Inc.,      
Series B, 3.00%   129   14,570
TOTAL PREFERRED STOCKS (Cost $31,807)    $ 14,570
 
SHORT TERM INVESTMENTS - 13.14%    
Federal National Mortgage Association Discount    
Notes      
zero coupon due 02/25/2009 $ 3,400,000 $ 3,394,680
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   4,626,476 4,626,476
Societe Generale North America      
0.49% due 12/01/2008   3,560,000   3,560,000
TOTAL SHORT TERM INVESTMENTS      
(Cost $11,516,207)        $ 11,581,156
Total Investments (Small Cap Index Fund)       
(Cost $131,513,030) - 102.91%   $ 90,700,842
Liabilities in Excess of Other Assets - (2.91)%   (2,566,570)
TOTAL NET ASSETS - 100.00%   $ 88,134,272

Small Cap Opportunities Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.01%    
Aerospace - 1.75%    
AAR Corp. * 30,789 $ 521,566
Aerovironment, Inc. * 14,782 476,424
Curtiss-Wright Corp. 19,985 667,499
    1,665,489
Air Travel - 1.18%    
Allegiant Travel Company * 17,506 755,209
Republic Airways Holdings, Inc. * 25,960 362,661
    1,117,870
Aluminum - 0.12%    
Century Aluminum Company * 13,808 112,535
Apparel & Textiles - 1.38%    
Deckers Outdoor Corp. * 4,080 243,331
Interface, Inc., Class A 49,235 272,762
Volcom, Inc. * 30,057 302,975
Wolverine World Wide, Inc. 25,704 495,316
    1,314,384
Auto Parts - 0.41%    
Noble International, Ltd. (a) 34,329 14,761
Tenneco, Inc. * 32,420 106,338
Titan International, Inc. 28,426 271,184
    392,283
Automobiles - 0.68%    
Penske Auto Group, Inc. 28,614 216,894
Rush Enterprises, Inc., Class B * 43,673 426,249
    643,143
Banking - 8.15%    
BancFirst Corp. 10,626 466,588
Bank of the Ozarks, Inc. 53,115 1,445,790
Columbia Banking System, Inc. 14,650 147,232
Commerce Bancshares, Inc. 15,087 660,957
Community Trust Bancorp, Inc. 22,901 747,718
First Financial Bankshares, Inc. 12,845 671,151
First Midwest BanCorp, Inc. 13,720 252,585
Glacier Bancorp, Inc. (a) 26,920 478,638
Hancock Holding Company 3,990 172,009
IBERIABANK Corp. 4,200 221,130
MB Financial, Inc. 20,684 539,646
SVB Financial Group * 21,700 869,085
Texas Capital Bancshares, Inc. * 33,528 538,124
Whitney Holding Corp. 30,249 530,265
    7,740,918
Biotechnology - 1.35%    
Bio-Rad Laboratories, Inc., Class A * 8,182 606,777
Intermune, Inc. * 18,121 208,573
Techne Corp. 7,490 464,455
    1,279,805
Broadcasting - 0.64%    
World Wrestling Entertainment, Inc., Class A 52,114 606,086
Business Services - 1.80%    
ABM Industries, Inc. 37,943 640,098
Ariba, Inc. * 88,937 715,943

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

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Business Services (continued)    
Euronet Worldwide, Inc. * 30,722 $ 262,059
PC Mall, Inc. * 25,784 94,885
    1,712,985
Chemicals - 1.00%    
FMC Corp. 10,636 464,793
Zep, Inc. 26,814 485,602
    950,395
Commercial Services - 1.10%    
Team, Inc. * 27,144 766,003
Wright Express Corp. * 24,523 279,072
    1,045,075
Computers & Business Equipment - 1.26%    
CACI International, Inc., Class A * 17,086 758,789
Parametric Technology Corp. * 38,023 439,546
    1,198,335
Construction & Mining Equipment - 0.28%    
Pason Systems, Inc. 27,642 263,002
Cosmetics & Toiletries - 1.00%    
Alberto-Culver Company 44,181 948,566
Crude Petroleum & Natural Gas - 1.40%    
Arena Resources, Inc. * 11,340 300,170
Carrizo Oil & Gas, Inc. * (a) 12,180 252,126
Parallel Petroleum Corp. * 41,573 130,955
Penn Virginia Corp. 18,277 548,858
Venoco, Inc. * 28,331 94,626
    1,326,735
Domestic Oil - 1.65%    
Comstock Resources, Inc. * 14,633 613,561
Mariner Energy, Inc. * 43,620 479,384
Oil States International, Inc. * 22,116 473,725
    1,566,670
Drugs & Health Care - 2.78%    
Invacare Corp. 44,340 655,345
Quidel Corp. * 45,740 623,436
Vivus, Inc. * 119,162 707,823
West Pharmaceutical Services, Inc. 18,298 649,579
    2,636,183
Educational Services - 0.83%    
Capella Education Company * 13,151 787,219
Electrical Equipment - 1.48%    
Anixter International, Inc. * 15,220 417,028
AZZ, Inc. * 9,150 220,149
General Cable Corp. * (a) 46,317 764,694
    1,401,871
Electrical Utilities - 1.56%    
Avista Corp. 20,647 364,833
EnerNOC, Inc. * 12,112 86,722
ITC Holdings Corp. 18,515 777,630
NorthWestern Corp. 12,240 252,878
    1,482,063

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electronics - 1.16%    
Belden, Inc. 22,363  $ 389,563
OSI Systems, Inc. * 24,337 337,798
TTM Technologies, Inc. * (a) 73,082 373,449
    1,100,810
Energy - 1.53%    
Energen Corp. 10,646 327,897
New Jersey Resources Corp. 28,006 1,124,721
    1,452,618
Financial Services - 2.22%    
Affiliated Managers Group, Inc. * 21,787 610,036
Delphi Financial Group, Inc. 12,380 149,798
GAMCO Investors, Inc. 13,349 366,163
KBW, Inc. * 26,472 601,179
World Acceptance Corp. * 19,270 377,114
    2,104,290
Food & Beverages - 2.08%    
Flowers Foods, Inc. 49,299 1,320,227
TreeHouse Foods, Inc. * 27,358 650,847
    1,971,074
Gas & Pipeline Utilities - 1.88%    
South Jersey Industries, Inc. 45,700 1,782,300
Healthcare Products - 2.31%    
Cardiac Science Corp. * 53,937 352,209
Haemonetics Corp. * 18,780 1,074,028
Owens & Minor, Inc. 18,486 767,723
    2,193,960
Healthcare Services - 0.71%    
Skilled Healthcare Group, Inc. * 62,225 673,274
Hotels & Restaurants - 0.74%    
DineEquity, Inc. 18,242 232,221
Papa John's International, Inc. * 26,704 473,195
    705,416
Household Products - 1.37%    
Tempur-Pedic International, Inc. (a) 58,948 412,047
Tupperware Brands Corp. 45,123 887,569
    1,299,616
Industrial Machinery - 4.88%    
Actuant Corp., Class A 24,564 440,678
Altra Holdings, Inc. * 22,580 173,866
Chart Industries, Inc. * 19,891 190,158
Dionex Corp. * 9,109 467,201
Kadant, Inc. * 40,772 610,765
Lufkin Industries, Inc. 10,100 498,031
Middleby Corp. * 19,582 633,869
NATCO Group, Inc. * 19,163 347,425
Rofin-Sinar Technologies, Inc. * 14,742 349,975
Valmont Industries, Inc. 16,701 923,565
    4,635,533
Industrials - 0.04%    
Aecom Technology Corp. * 1,600 42,384

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

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance - 5.24%    
Arthur J. Gallagher & Company 24,174 $ 599,515
Aspen Insurance Holdings, Ltd. 43,290 797,835
Assured Guaranty, Ltd. 40,693 457,389
FPIC Insurance Group, Inc. * 16,275 754,184
Max Re Capital, Ltd. 12,370 142,997
Meadowbrook Insurance Group, Inc. 145,570 816,648
Tower Group, Inc. 44,740 1,020,519
Zenith National Insurance Corp. 11,860 391,261
    4,980,348
Internet Content - 0.20%    
TheStreet.com, Inc. 56,460 191,399
Internet Software - 1.67%    
Cybersource Corp. * 46,620 432,634
DealerTrack Holdings, Inc. * 33,230 393,775
Digital River, Inc. * 23,560 497,823
eResearch Technology, Inc. * 45,651 257,472
    1,581,704
Investment Companies - 0.17%    
KKR Financial Holdings LLC 166,500 163,170
Leisure Time - 1.27%    
Bally Technologies, Inc. * 35,520 656,054
Penn National Gaming, Inc. * 25,879 548,635
    1,204,689
Manufacturing - 4.67%    
AptarGroup, Inc. 16,126 539,254
Carlisle Companies, Inc. 20,970 445,193
Ceradyne, Inc. * 30,632 804,396
Kaydon Corp. 20,660 637,361
Koppers Holdings, Inc. 39,820 852,944
Snap-on, Inc. 14,957 539,200
Spartan Motors, Inc. 206,469 615,278
    4,433,626
Metal & Metal Products - 1.88%    
A. M. Castle & Company 9,807 89,048
Haynes International, Inc. * 8,190 149,304
Horsehead Holding Corp. * 31,830 98,673
RBC Bearings, Inc. * 41,902 952,013
Reliance Steel & Aluminum Company 24,194 498,880
    1,787,918
Mining - 0.59%    
Compass Minerals International, Inc. 9,976 558,556
Petroleum Services - 1.71%    
Complete Production Services, Inc. * 29,283 239,828
Core Laboratories N.V. 11,021 734,109
Flotek Industries, Inc. * 50,930 153,299
Oceaneering International, Inc. * 14,598 376,920
Rex Energy Corp. * 18,890 115,229
    1,619,385
Pharmaceuticals - 1.56%    
Gentiva Health Services, Inc. * 32,812 827,847
ViroPharma, Inc. * 57,970 655,061
    1,482,908

Small Cap Opportunities Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Real Estate - 7.05%    
Alexandria Real Estate Equities, Inc., REIT 7,474 $ 330,949
Anthracite Capital, Inc., REIT (a) 114,128 344,666
Ashford Hospitality Trust, Inc., REIT (a) 140,889 219,787
BioMed Realty Trust, Inc., REIT 42,950 400,294
Capstead Mortage Corp., REIT 82,920 869,831
Corporate Office Properties Trust, REIT 38,957 1,157,412
DuPont Fabros Technology, Inc., REIT 87,400 187,036
Gramercy Capital Corp., REIT 70,464 80,329
Hatteras Financial Corp., REIT 35,130 905,300
Jer Investors Trust, Inc., REIT (a) 117,511 158,640
LaSalle Hotel Properties, REIT 50,423 444,731
NorthStar Realty Finance Corp., REIT (a) 186,670 634,678
RAIT Financial Trust, REIT (a) 97,376 230,781
Senior Housing Properties Trust, REIT 19,563 272,513
Universal Health Realty Income Trust, REIT 14,694 460,951
    6,697,898
Retail Grocery - 2.25%    
Ruddick Corp. (a) 69,709 1,907,238
Spartan Stores, Inc. 9,790 232,219
    2,139,457
Retail Trade - 3.05%    
Cash America International, Inc. 20,430 551,814
Citi Trends, Inc. * 42,116 518,027
FGX International Holdings, Ltd. * 66,190 679,110
Hibbett Sports, Inc. * 11,910 169,598
Pantry, Inc. * 31,992 618,725
Titan Machinery, Inc. * 31,100 363,559
    2,900,833
Sanitary Services - 0.68%    
Waste Connections, Inc. * 22,873 645,705
Semiconductors - 2.31%    
ATMI, Inc. * 29,738 354,477
Diodes, Inc. * 62,424 291,520
MKS Instruments, Inc. * 34,116 488,200
Power Integrations, Inc. 23,861 436,656
Semtech Corp. * 54,942 621,944
    2,192,797
Software - 1.63%    
Blackbaud, Inc. 34,124 426,550
Omnicell, Inc. * 48,826 553,687
Open Text Corp. * 21,225 564,797
    1,545,034
Steel - 0.45%    
Northwest Pipe Company * 14,845 426,348
Telecommunications Equipment &    
Services - 5.73%    
Alaska Communications Systems Group, Inc. 67,489 654,643
Arris Group, Inc. * 93,687 673,610
Comtech Telecommunications Corp. * 55,097 2,613,251
DataPath, Inc. * (h) 103,425 25,856
J2 Global Communications, Inc. * 22,610 441,347
NeuStar, Inc., Class A * 36,000 689,400

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

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunications Equipment &      
Services (continued)      
NTELOS Holdings Corp.   15,220  $ 338,036
      5,436,143
Telephone - 0.37%      
Cincinnati Bell, Inc. *   201,251 348,164
Transportation - 0.91%      
Marten Transport, Ltd. *   46,099 868,966
Trucking & Freight - 1.75%      
Landstar Systems, Inc.   31,051 997,979
Old Dominion Freight Lines, Inc. *   17,320 412,216
Oshkosh Corp.   35,964 251,748
      1,661,943
Water Treatment Systems - 0.15%      
Cascal N.V.   32,490   143,606
TOTAL COMMON STOCKS (Cost $125,618,493)     $ 91,163,484
 
SHORT TERM INVESTMENTS - 6.31%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 5,989,278  $ 5,989,278
TOTAL SHORT TERM INVESTMENTS      
(Cost $5,989,278)      $ 5,989,278
 
REPURCHASE AGREEMENTS - 3.73%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$3,542,014 on 12/01/2008,      
collateralized by $1,590,000      
Federal National Mortgage      
Association, 5.625% due      
07/15/2037 (valued at $1,794,713,      
including interest) and $1,835,000      
Federal National Mortgage      
Association, 5.55% due      
07/10/2028 (valued at $1,823,531,      
including interest) $  3,542,000  $ 3,542,000
TOTAL REPURCHASE AGREEMENTS        
(Cost $3,542,000)        $ 3,542,000
Total Investments (Small Cap Opportunities Fund)      
(Cost $135,149,771) - 106.05%   $ 100,694,762
Liabilities in Excess of Other Assets - (6.05)%     (5,743,815)
TOTAL NET ASSETS - 100.00%   $ 94,950,947

Small Company Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 97.86%    
Aerospace - 2.69%    
Esterline Technologies Corp. * 14,802 $ 546,342
Orbital Sciences Corp., Class A * 7,387 127,056
Teledyne Technologies, Inc. * 4,577 185,918

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Aerospace (continued)    
Woodward Governor Company 8,836 $ 187,677
    1,046,993
Air Travel - 0.38%    
Republic Airways Holdings, Inc. * 1,826 25,509
SkyWest, Inc. 8,064 122,573
    148,082
Apparel & Textiles - 1.92%    
Deckers Outdoor Corp. * 138 8,230
Gymboree Corp. * 8,941 224,866
Skechers U.S.A., Inc., Class A * 6,773 81,547
Steven Madden, Ltd. * 1,811 30,986
True Religion Apparel, Inc. * 3,318 41,774
Unifirst Corp. 1,955 54,173
Warnaco Group, Inc. * 9,914 177,460
Wolverine World Wide, Inc. 6,606 127,298
    746,334
Auto Parts - 0.72%    
ArvinMeritor, Inc. (a) 2,912 11,503
Autoliv, Inc. 591 11,282
Fuel Systems Solutions, Inc. * 1,692 58,526
LKQ Corp. * 17,505 182,402
TRW Automotive Holdings Corp. * 4,813 17,134
    280,847
Automobiles - 0.05%    
Americas Car Mart, Inc. * 2,155 20,128
Banking - 6.52%    
BancFirst Corp. 1,951 85,668
Bank of Hawaii Corp. 8,946 399,081
Brookline Bancorp, Inc. 5,107 57,658
Cardinal Financial Corp. 1,906 10,121
Center Financial Corp. 1,058 7,448
Charter Financial Corp. 851 6,808
Commerce Bancshares, Inc. 3,266 143,062
Community Bank Systems, Inc. 3,985 91,894
CVB Financial Corp. 7,384 82,922
Financial Institutions, Inc. 1,875 30,694
First Citizens Bancshares, Inc. 436 61,280
First Commonwealth Financial Corp. 8,949 107,477
First Niagara Financial Group, Inc. 9,443 146,461
Glacier Bancorp, Inc. 7,027 124,940
National Penn Bancshares, Inc. 6,791 104,446
NBT Bancorp, Inc. 1,360 36,067
Old National Bancorp 2,189 37,607
Old Second Bancorp, Inc. (a) 899 13,467
Oriental Financial Group, Inc. 16,183 101,629
Prosperity Bancshares, Inc. 5,427 179,145
Provident Financial Services, Inc. 4,718 70,723
Republic Bancorp, Inc., Class A 449 9,945
Southside Bancshares, Inc. 469 10,435
Sterling Bancshares, Inc. 9,436 63,221
Sterling Financial Corp. 6,700 35,644
SVB Financial Group * 4,173 167,129
TrustCo Bank Corp., NY 13,940 147,625
Valley National Bancorp 6,636 128,274

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Banking (continued)    
Whitney Holding Corp. 3,018 $ 52,906
Wilshire Bancorp, Inc. 3,472 23,818
    2,537,595
Biotechnology - 1.81%    
Bio-Rad Laboratories, Inc., Class A * 1,021 75,717
Life Technologies Corp. * (a) 7,838 204,572
Martek Biosciences Corp. * (a) 15,182 424,337
    704,626
Broadcasting - 0.04%    
Mediacom Communications Corp., Class A * 6,369 16,114
Building Materials & Construction - 1.71%    
BlueLinx Holdings, Inc. 2,369 5,141
EMCOR Group, Inc. * 33,564 529,304
Lennox International, Inc. 3,039 83,998
NCI Building Systems, Inc. * 3,035 46,193
    664,636
Business Services - 5.28%    
Acxiom Corp. 27,098 203,506
Bowne & Company, Inc. 3,956 14,083
CGI Group, Inc., Class A * 3,945 29,469
COMSYS IT Partners, Inc. * 13,229 42,201
CSG Systems International, Inc. * 30,061 506,227
Gartner Group, Inc., Class A * 3,819 58,660
Global Cash Access, Inc. * 13,976 43,186
Hewitt Associates, Inc., Class A * 4,309 123,151
Insight Enterprises, Inc. * 12,580 51,201
Michael Baker Corp. * 3,747 123,276
On Assignment, Inc. * 4,622 26,577
PRG-Schultz International, Inc. * 4,863 21,786
SAIC, Inc. * 5,628 100,178
Spherion Corp. * 8,726 19,633
Standard Parking Corp. * 928 18,560
Watson Wyatt Worldwide, Inc., Class A 16,646 671,167
    2,052,861
Cellular Communications - 0.67%    
Brightpoint, Inc. * 2,917 12,018
Syniverse Holdings, Inc. * 25,537 249,497
    261,515
Chemicals - 0.51%    
A. Schulman, Inc. 1,402 19,025
CF Industries Holdings, Inc. 1,302 68,524
Innophos Holdings, Inc. 4,325 71,276
Minerals Technologies, Inc. 281 13,193
Quaker Chemical Corp. 433 5,547
The Scotts Company, Class A 612 19,804
    197,369
Commercial Services - 0.04%    
Cenveo, Inc. * 4,538 17,063
Computers & Business Equipment - 2.26%    
Avocent Corp. * 2,894 54,436
Benchmark Electronics, Inc. * 8,767 111,165
EMS Technologies, Inc. * 1,737 42,053
Lexmark International, Inc. * 11,748 307,563

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Computers & Business Equipment    
(continued)    
NCI, Inc. * 1,321  $ 38,018
Parametric Technology Corp. * 4,787 55,338
RadiSys Corp. * 1,138 6,828
Standard Microsystems Corp. * 11,236 171,237
Super Micro Computer, Inc. * 833 4,340
Synaptics, Inc. * 4,016 88,231
    879,209
Construction Materials - 0.37%    
Applied Industrial Technologies, Inc. 5,412 103,153
Comfort Systems USA, Inc. 4,948 41,316
    144,469
Cosmetics & Toiletries - 0.14%    
Helen of Troy, Ltd. * 3,590 56,219
Crude Petroleum & Natural Gas - 1.05%    
Penn Virginia Corp. 5,727 171,982
Unit Corp. * 5,996 171,965
W&T Offshore, Inc. 4,661 65,254
    409,201
Domestic Oil - 1.72%    
McMoran Exploration Company * 17,124 192,645
Oil States International, Inc. * 15,327 328,304
Stone Energy Corp. * 8,977 149,198
    670,147
Drugs & Health Care - 1.98%    
CV Therapeutics, Inc. * 3,949 35,778
Invacare Corp. 11,722 173,251
Matrixx Initiatives, Inc. * 1,257 18,905
Molina Healthcare, Inc. * 8,623 204,279
Vivus, Inc. * 57,103 339,192
    771,405
Educational Services - 0.27%    
Capella Education Company * 1,766 105,713
Electrical Equipment - 2.23%    
A.O. Smith Corp. 4,395 143,892
GrafTech International, Ltd. * 21,292 142,444
Hubbell, Inc., Class B 2,569 76,813
Methode Electronics, Inc. 29,510 249,655
W.H. Brady Company, Class A 7,923 163,610
Wesco International, Inc. * 6,108 90,337
    866,751
Electrical Utilities - 0.93%    
Avista Corp. 4,813 85,046
Central Vermont Public Service Corp. 5,864 110,771
El Paso Electric Company * 8,134 146,574
Maine & Maritimes Corp. * 536 18,894
    361,285
Electronics - 3.74%    
Analogic Corp. 5,948 232,329
Belden, Inc. 2,853 49,699
Celestica, Inc. * 42,807 213,607
Cogo Group, Inc. * 4,657 15,834

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electronics (continued)    
Cynosure, Inc. * 1,037 $ 9,582
Dolby Laboratories, Inc., Class A * 2,225 66,349
Itron, Inc. * (a) 4,321 204,729
Mentor Graphics Corp. * 31,267 211,990
Multi-Fineline Electronix, Inc. * 4,229 44,151
Stoneridge, Inc. * 7,293 33,621
Synopsys, Inc. * 16,871 270,442
Trimble Navigation, Ltd. * 3,451 70,262
TTM Technologies, Inc. * 6,562 33,532
    1,456,127
Financial Services - 2.71%    
Advance America Cash Advance Centers, Inc. 6,078 10,393
Broadridge Financial Solutions, Inc. 9,262 105,587
Calamos Asset Management, Inc. 20,089 81,762
City Holding Company 2,482 87,912
Dollar Financial Corp. * 4,109 31,146
Evercore Partners, Inc. 1,763 17,648
Interactive Brokers Group, Inc. * 16,219 295,835
Knight Capital Group, Inc. * 4,170 69,014
LaBranche & Company, Inc. * 9,279 45,467
optionsXpress Holdings, Inc. 1,852 26,095
Thinkorswim Group, Inc. * 653 4,218
UMB Financial Corp. 4,870 232,835
World Acceptance Corp. * 2,386 46,694
    1,054,606
Food & Beverages - 2.22%    
Flowers Foods, Inc. 6,884 184,353
Hain Celestial Group, Inc. * 2,512 39,539
Nash Finch Company 1,707 76,576
Overhill Farms, Inc. * 10,268 33,371
Ralcorp Holdings, Inc. * 4,970 310,923
TreeHouse Foods, Inc. * 9,230 219,582
    864,344
Gas & Pipeline Utilities - 3.68%    
Atmos Energy Corp. 7,603 189,543
Nicor, Inc. 2,631 107,292
Piedmont Natural Gas, Inc. 8,826 296,554
South Jersey Industries, Inc. 3,364 131,196
The Laclede Group, Inc. 8,924 470,116
UGI Corp. 10,110 236,169
    1,430,870
Healthcare Products - 4.00%    
American Medical Systems Holdings, Inc. * 9,840 86,592
ArthroCare Corp. * 1,234 16,141
CONMED Corp. * 7,286 171,294
Cryolife, Inc. * 7,389 67,240
Cyberonics, Inc. * 4,160 57,117
Edwards Lifesciences Corp. * 929 46,236
Hanger Orthopedic Group, Inc. * 3,109 49,899
Kensey Nash Corp. * 3,290 60,799
Owens & Minor, Inc. 16,168 671,457
PSS World Medical, Inc. * 8,790 152,858
STERIS Corp. 1,048 28,977
Synovis Life Technologies, Inc. * 847 12,121

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Healthcare Products (continued)    
Thoratec Corp. * 5,397 $ 135,087
    1,555,818
Healthcare Services - 3.04%    
AMERIGROUP Corp. * 12,002 294,769
AmSurg Corp. * 1,593 31,749
Catalyst Health Solutions, Inc. * 3,140 70,650
Centene Corp. * 21,322 394,457
Emergency Medical Services Corp., Class A * 3,120 105,830
Healthsouth Corp. * 2,344 23,065
Healthspring, Inc. * 3,274 47,768
LHC Group, Inc. * 2,267 75,672
Magellan Health Services, Inc. * 3,099 101,802
Pediatrix Medical Group, Inc. * 1,224 38,091
    1,183,853
Hotels & Restaurants - 1.65%    
AFC Enterprises, Inc. * 17,909 72,173
Bob Evans Farms, Inc. 1,772 29,716
CEC Entertainment, Inc. * 13,397 230,562
Choice Hotels International, Inc. 5,286 132,732
Einstein Noah Restaurant Group, Inc. * 2,449 12,221
Panera Bread Company, Class A * 3,689 163,939
    641,343
Household Products - 0.77%    
Tupperware Brands Corp. 13,871 272,843
WD-40 Company 964 27,570
    300,413
Industrial Machinery - 2.89%    
Altra Holdings, Inc. * 2,060 15,862
Chart Industries, Inc. * 5,527 52,838
Cognex Corp. 5,544 75,565
Dionex Corp. * 989 50,726
EnPro Industries, Inc. * 4,702 87,786
Gardner Denver, Inc. * 9,544 236,214
Lufkin Industries, Inc. 2,282 112,525
Robbins & Myers, Inc. 14,595 328,388
Tecumseh Products Company, Class A * 7,037 83,177
Watts Water Technologies, Inc., Class A 3,532 79,470
    1,122,551
Insurance - 3.67%    
Allied World Assurance Holdings, Ltd. 8,855 313,113
American Financial Group, Inc. 7,987 163,654
American Physicians Service Group, Inc. 714 14,544
Amerisafe, Inc. * 7,465 120,933
Aspen Insurance Holdings, Ltd. 19,540 360,122
Navigators Group, Inc. * 1,681 91,278
Platinum Underwriters Holdings, Ltd. 11,789 362,276
    1,425,920
Internet Content - 0.09%    
Dice Holdings, Inc. * 9,206 29,367
TeleCommunication Systems, Inc. * 677 5,348
    34,715
Internet Retail - 0.14%    
1-800-Flowers.com, Inc. * 14,493 54,059

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Internet Service Provider - 1.20%    
Earthlink, Inc. * 57,233 $ 381,172
United Online, Inc. 12,851 85,202
    466,374
Leisure Time - 1.79%    
Bally Technologies, Inc. * 10,152 187,507
Carmike Cinemas, Inc. 3,169 9,634
DreamWorks Animation SKG, Inc., Class A * 8,443 195,033
Polaris Industries, Inc. 5,402 147,474
RC2 Corp. * 247 2,626
WMS Industries, Inc. * 6,215 153,200
    695,474
Life Sciences - 0.06%    
Repligen Corp. * 4,334 16,902
Symyx Technologies, Inc. * 1,139 4,579
    21,481
Manufacturing - 1.02%    
Acuity Brands, Inc. 5,370 144,775
ATC Technology Corp. * 1,903 32,903
Ceradyne, Inc. * 1,863 48,923
Coherent, Inc. * 588 14,635
Koppers Holdings, Inc. 6,290 134,732
Lydall, Inc. * 1,876 9,905
Thermadyne Holdings Corp. * 1,776 11,544
    397,417
Medical-Hospitals - 0.02%    
Exactech, Inc. * 544 9,525
Metal & Metal Products - 0.49%    
Crown Holdings, Inc. * 2,470 39,644
Gibraltar Industries, Inc. 4,056 52,322
Hawk Corp. * 6,025 97,304
North American Galvanizing & Coatings, Inc. * 726 2,621
    191,891
Mining - 0.31%    
Compass Minerals International, Inc. 2,165 121,218
Office Furnishings & Supplies - 0.70%    
Knoll, Inc. 25,387 273,418
Paper - 2.11%    
Buckeye Technologies, Inc. * 25,601 115,461
KapStone Paper and Packaging Corp. * 9,028 39,994
Rock-Tenn Company, Class A 19,647 663,479
    818,934
Petroleum Services - 1.30%    
Atwood Oceanics, Inc. * 7,143 129,289
Basic Energy Services, Inc. * 17,548 201,451
ION Geophysical Corp. * 11,863 35,589
World Fuel Services Corp. 3,834 139,174
    505,503
Pharmaceuticals - 3.20%    
Alkermes, Inc. * 569 4,199
Cubist Pharmaceuticals, Inc. * 9,178 225,412
Emergent Biosolutions, Inc. * 3,946 89,258
Enzon Pharmaceuticals, Inc. * 3,804 18,678

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Gentiva Health Services, Inc. * 4,307 $ 108,666
King Pharmaceuticals, Inc. * 30,678 294,816
Medicis Pharmaceutical Corp., Class A 27,143 331,959
NPS Pharmaceuticals, Inc. * 1,953 11,991
PharMerica Corp. * 4,063 67,527
Questcor Pharmaceuticals, Inc. * 2,535 21,674
Salix Pharmaceuticals, Ltd. * 8,428 68,267
Sucampo Pharmaceuticals, Inc. * 572 3,506
    1,245,953
Real Estate - 4.53%    
Alexander's, Inc., REIT * 93 19,790
Apartment Investment & Management    
Company, Class A, REIT (a) 637 7,306
Associated Estates Realty Corp., REIT 4,586 40,173
BioMed Realty Trust, Inc., REIT 10,458 97,468
Entertainment Properties Trust, REIT 1,916 46,999
Equity Lifestyle Properties, Inc., REIT 13,458 465,647
Essex Property Trust, Inc., REIT 4,159 359,629
Extra Space Storage, Inc., REIT 10,722 94,890
Lexington Corporate Property Trust, REIT 1,189 5,767
Medical Properties Trust, Inc., REIT 2,468 15,376
Mid-America Apartment Communities, Inc.,    
REIT 3,633 134,530
PS Business Parks, Inc., REIT 1,379 65,723
Senior Housing Properties Trust, REIT 4,949 68,940
Sovran Self Storage, Inc., REIT 1,654 44,923
Taubman Centers, Inc., REIT 12,436 296,474
    1,763,635
Retail - 0.04%    
Sport Supply Group, Inc. 2,573 15,489
Retail Grocery - 0.18%    
Spartan Stores, Inc. 2,890 68,551
Retail Trade - 4.51%    
Big Lots, Inc. * 8,575 150,234
Casey's General Stores, Inc. 4,395 130,312
Cash America International, Inc. 7,752 209,381
Dollar Tree, Inc. * 9,224 390,729
FGX International Holdings, Ltd. * 1,337 13,718
Finish Line, Inc. 3,866 20,528
Fossil, Inc. * 1,525 23,180
Genesco, Inc. * 12,755 171,682
Jo-Ann Stores, Inc. * 21,101 292,882
New York & Company, Inc. * 19,567 36,786
RadioShack Corp. 7,623 75,087
Rent-A-Center, Inc. * 1,935 31,753
The Wet Seal, Inc., Class A * 6,264 17,602
Tractor Supply Company * 4,934 189,367
    1,753,241
Sanitary Services - 1.22%    
Darling International, Inc. * 38,404 192,020
Waste Connections, Inc. * 9,985 281,877
    473,897
Semiconductors - 3.38%    
Amkor Technology, Inc. * 31,794 69,947

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Semiconductors (continued)    
ASM International N.V. * (a) 10,506 $ 89,406
Cirrus Logic, Inc. * 12,470 52,623
Conexant Systems, Inc. * 8,507 8,677
Emulex Corp. * 13,472 96,055
Kulicke & Soffa Industries, Inc. * 11,220 15,820
Microsemi Corp. * 10,555 205,717
QLogic Corp. * 16,537 175,623
Silicon Image, Inc. * 36,877 139,395
Skyworks Solutions, Inc. * 49,197 265,172
Triquint Semiconductor, Inc. * 19,427 50,122
Ultratech, Inc. * 2,339 29,354
Varian Semiconductor Equipment Associates,    
Inc. * 1,022 18,805
Volterra Semiconductor Corp. * (a) 12,964 96,971
    1,313,687
Software - 3.73%    
American Reprographics Company * 3,623 28,368
ANSYS, Inc. * 3,420 98,701
CIBER, Inc. * 10,063 43,170
Compuware Corp. * 15,797 100,311
JDA Software Group, Inc. * 3,652 48,133
ManTech International Corp. * 2,902 157,927
Open Text Corp. * (a) 3,406 90,634
Soapstone Networks, Inc. * 12,478 27,452
SPSS, Inc. * 5,151 125,891
Sybase, Inc. * 18,935 466,558
Take-Two Interactive Software, Inc. * 10,035 121,925
Tradestation Group, Inc. * 13,354 93,745
Websense, Inc. * 2,873 46,457
    1,449,272
Steel - 0.05%    
Olympic Steel, Inc. 1,204 21,070
Telecommunications Equipment &    
Services - 1.86%    
Applied Signal Technology, Inc. 704 11,046
Arris Group, Inc. * 17,176 123,495
Comtech Telecommunications Corp. * 2,972 140,962
Harmonic, Inc. * 3,759 19,359
Harris Stratex Networks, Inc., Class A * 1,443 7,201
InterDigital, Inc. * 7,547 200,146
J2 Global Communications, Inc. * 3,000 58,560
NTELOS Holdings Corp. 261 5,797
Plantronics, Inc. 1,020 12,964
Tekelec, Inc. * 11,682 143,105
    722,635
Telephone - 1.11%    
CenturyTel, Inc. 16,292 432,716
Tobacco - 0.08%    
Alliance One International, Inc. * 9,665 29,962
Toys, Amusements & Sporting Goods - 0.55%    
Jakks Pacific, Inc. * 11,900 213,010
Transportation - 1.15%    
Horizon Lines, Inc. (a) 24,161 96,644
Kirby Corp. * 11,019 280,213

Small Company Fund (continued)    
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Transportation (continued)      
Pacer International, Inc.   3,050 $ 29,554
Teekay Tankers, Ltd.   802 8,758
USA Truck, Inc. *   2,273 30,345
      445,514
Trucking & Freight - 1.38%      
Arkansas Best Corp.   5,350 142,043
Hub Group, Inc., Class A *   7,509 200,490
Landstar Systems, Inc.   4,402 141,480
Werner Enterprises, Inc.   3,039 52,818
        536,831
TOTAL COMMON STOCKS (Cost $52,007,224)     $ 38,069,879
 
INVESTMENT COMPANIES - 1.35%      
SPDR KBW Regional Banking ETF (a)    17,723   525,487
TOTAL INVESTMENT COMPANIES (Cost $591,831)    $ 525,487
 
SHORT TERM INVESTMENTS - 2.19%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $  854,025   $ 854,025
TOTAL SHORT TERM INVESTMENTS        
(Cost $854,025)       $ 854,025
  
REPURCHASE AGREEMENTS - 0.97%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$377,002 on 12/1/2008,      
collateralized by $380,000 Federal      
National Mortgage Association,      
4.875% due 04/15/2009 (valued at      
$387,600, including interest) $ 377,000   $ 377,000
TOTAL REPURCHASE AGREEMENTS         
(Cost $377,000)        $ 377,000
Total Investments (Small Company Fund)        
(Cost $53,830,080) - 102.37%     $ 39,826,391
Liabilities in Excess of Other Assets - (2.37)%     (922,972)
TOTAL NET ASSETS - 100.00%     $ 38,903,419

Small Company Growth Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 93.32%    
Advertising - 0.50%    
inVentiv Health, Inc. * 48,063 $ 578,198
Aerospace - 1.42%    
TransDigm Group, Inc. * 45,939 1,630,834
Apparel & Textiles - 1.12%    
Interface, Inc., Class A 87,086 482,457
Warnaco Group, Inc. * 45,176 808,650
    1,291,107

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Auto Parts - 0.08%    
Tenneco, Inc. * 27,893 $ 91,489
Banking - 3.55%    
City National Corp. 20,845 914,679
Greenhill & Company, Inc. (a) 25,054 1,706,177
SVB Financial Group * 36,579 1,464,989
    4,085,845
Biotechnology - 4.13%    
Acorda Therapeutics, Inc. * 33,779 612,076
Affymetrix, Inc. * 64,377 176,393
AMAG Pharmaceuticals, Inc. * 21,325 718,226
Human Genome Sciences, Inc. * 89,843 155,428
Martek Biosciences Corp. * (a) 40,023 1,118,643
Myriad Genetics, Inc. * 33,240 1,970,467
    4,751,233
Business Services - 6.62%    
CoStar Group, Inc. * 42,465 1,385,208
Global Payments, Inc. 26,452 956,769
Informatica Corp. * 85,187 1,182,396
Parexel International Corp. * 56,611 471,003
SRA International, Inc., Class A * 54,993 825,995
Syntel, Inc. 40,700 977,614
Tetra Tech, Inc. * 91,246 1,828,570
    7,627,555
Chemicals - 0.63%    
Calgon Carbon Corp. * 57,088 729,014
Commercial Services - 1.82%    
Chemed Corp. 32,760 1,335,298
Live Nation, Inc. * 74,001 361,865
Riskmetrics Group, Inc. * (a) 26,511 396,074
    2,093,237
Computers & Business Equipment - 2.06%    
Cogent, Inc. * 116,551 1,566,445
Tech Data Corp. * 46,154 804,926
    2,371,371
Construction & Mining Equipment - 0.48%    
Bucyrus International, Inc., Class A 28,592 558,402
Containers & Glass - 0.82%    
Greif, Inc., Class A 28,517 945,338
Crude Petroleum & Natural Gas - 5.51%    
Arena Resources, Inc. * 50,629 1,340,150
Bill Barrett Corp. * 48,493 1,084,788
Carrizo Oil & Gas, Inc. * (a) 42,718 884,263
Goodrich Petroleum Corp. * 31,997 1,154,132
Unit Corp. * 42,506 1,219,072
Whiting Petroleum Corp. * 17,444 668,105
    6,350,510
Drugs & Health Care - 1.63%    
Mentor Corp. (a) 37,568 606,723
Meridian Bioscience, Inc. 53,123 1,265,921
    1,872,644
Educational Services - 3.75%    
DeVry, Inc. 36,016 2,070,200

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Educational Services (continued)    
Strayer Education, Inc. 9,379 $ 2,247,302
    4,317,502
Electrical Equipment - 2.15%    
General Cable Corp. * (a) 38,955 643,147
Varian, Inc. * 38,761 1,418,652
Wesco International, Inc. * 27,953 413,425
    2,475,224
Electrical Utilities - 2.58%    
ITC Holdings Corp. 29,229 1,227,618
Pike Electric Corp. * 100,965 1,226,725
Quanta Services, Inc. * 31,996 520,255
    2,974,598
Financial Services - 2.93%    
Affiliated Managers Group, Inc. * 18,224 510,272
Bankrate, Inc. * 32,470 891,951
optionsXpress Holdings, Inc. 51,119 720,266
Stifel Financial Corp. * 29,076 1,250,559
    3,373,048
Food & Beverages - 1.59%    
Ralcorp Holdings, Inc. * 29,215 1,827,690
Healthcare Products - 4.91%    
Gen-Probe, Inc. * 26,734 985,148
Insulet Corp. * (a) 58,166 284,432
Medicines Company * 69,071 890,325
Nuvasive, Inc. * (a) 45,654 1,572,780
Wright Medical Group, Inc. * 69,021 1,170,596
Zoll Medical Corp. * 42,370 754,610
    5,657,891
Healthcare Services - 0.74%    
Pediatrix Medical Group, Inc. * 27,230 847,398
Hotels & Restaurants - 3.35%    
Buffalo Wild Wings, Inc. * 41,025 941,934
Choice Hotels International, Inc. 36,412 914,305
Jack in the Box, Inc. * 63,693 1,114,627
P.F. Chang's China Bistro, Inc. * (a) 47,427 888,308
    3,859,174
Household Products - 1.63%    
Church & Dwight, Inc. 31,654 1,881,514
Industrial Machinery - 2.25%    
FMC Technologies, Inc. * 27,516 755,864
Lindsay Corp. (a) 19,492 758,434
Regal-Beloit Corp. 32,089 1,079,474
    2,593,772
Industrials - 0.28%    
EnergySolutions, Inc. 70,440 321,206
Insurance - 1.22%    
ProAssurance Corp. * 25,738 1,405,037
Leisure Time - 0.32%    
National Cinemedia, Inc. 45,028 366,528
Manufacturing - 1.77%    
Barnes Group, Inc. 51,799 693,589

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Manufacturing (continued)    
Coherent, Inc. * 34,265 $ 852,856
Hexcel Corp. * 66,421 498,157
    2,044,602
Medical-Hospitals - 2.30%    
Cepheid, Inc. * 54,252 736,742
LifePoint Hospitals, Inc. * (a) 48,423 971,366
VCA Antech, Inc. * 49,521 943,375
    2,651,483
Metal & Metal Products - 0.51%    
Dynamic Materials Corp. 36,792 584,993
Petroleum Services - 0.92%    
Dril-Quip, Inc. * 38,812 763,820
ION Geophysical Corp. * 100,028 300,084
    1,063,904
Pharmaceuticals - 2.29%    
BioMarin Pharmaceutical, Inc. * 63,163 1,075,666
OSI Pharmaceuticals, Inc. * (a) 18,172 675,999
PharMerica Corp. * 2,576 42,813
United Therapeutics Corp. * 15,345 841,366
    2,635,844
Pollution Control - 0.52%    
Fuel Tech, Inc. * (a) 67,689 598,371
Railroads & Equipment - 1.15%    
Wabtec Corp. 34,351 1,325,605
Real Estate - 0.55%    
BioMed Realty Trust, Inc., REIT 68,607 639,417
Retail Trade - 2.46%    
AnnTaylor Stores Corp. * 57,489 258,126
Big Lots, Inc. * (a) 46,358 812,192
Hot Topic, Inc. * 139,075 1,143,196
Zumiez, Inc. * (a) 71,490 617,674
    2,831,188
Semiconductors - 5.07%    
Advanced Energy Industries, Inc. * 93,108 724,380
Diodes, Inc. * 3,470 16,205
Hittite Microwave Corp. * 36,577 1,068,780
Microsemi Corp. * 55,934 1,090,154
Power Integrations, Inc. 48,222 882,463
Silicon Laboratories, Inc. * 49,942 1,046,784
Varian Semiconductor Equipment Associates,    
Inc. * (a) 55,076 1,013,398
    5,842,164
Software - 7.24%    
ANSYS, Inc. * 41,462 1,196,593
Aspen Technology, Inc. * 116,428 809,175
Blackboard, Inc. * 44,839 1,104,385
Eclipsys Corp. * 84,703 1,111,303
Lawson Software, Inc. * 149,594 586,409
Manhattan Associates, Inc. * 56,672 869,915
Omniture, Inc. * (a) 26,253 260,955
Quality Systems, Inc. (a) 46,219 1,389,805

Small Company Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Software (continued)      
Websense, Inc. *   62,107 $ 1,004,270
      8,332,810
Steel - 0.43%      
Carpenter Technology Corp.   29,689 494,619
Telecommunications Equipment &      
Services - 5.04%      
Harmonic, Inc. *   150,031 772,660
NeuStar, Inc., Class A *   55,778 1,068,149
NICE Systems, Ltd., ADR *   49,508 1,104,028
Polycom, Inc. *   65,597 1,235,191
SBA Communications Corp. * (a)   51,235 809,001
Starent Networks Corp. *   81,417 810,099
      5,799,128
Toys, Amusements & Sporting Goods - 1.63%    
Marvel Entertainment, Inc. *   63,637 1,874,110
Trucking & Freight - 3.37%      
Forward Air Corp.   53,282 1,231,880
Hub Group, Inc., Class A *   50,676 1,353,049
Knight Transportation, Inc. (a)   82,343 1,297,726
        3,882,655
  
TOTAL COMMON STOCKS (Cost $148,063,163)    $ 107,478,252
  
SHORT TERM INVESTMENTS - 11.38%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 13,102,094  $ 13,102,094
TOTAL SHORT TERM INVESTMENTS        
(Cost $13,102,094)      $ 13,102,094
 
REPURCHASE AGREEMENTS - 2.50%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$2,877,012 on 12/01/2008,      
collateralized by $2,600,000      
Federal National Mortgage      
Association, 5.625% due      
07/15/2037 (valued at $2,934,750,      
including interest) $ 2,877,000   $ 2,877,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $2,877,000)      $ 2,877,000
Total Investments (Small Company Growth Fund)    
(Cost $164,042,257) - 107.20%   $ 123,457,346
Liabilities in Excess of Other Assets - (7.20)%     (8,288,961)
TOTAL NET ASSETS - 100.00%   $ 115,168,385

Small Company Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 94.11%    
Aerospace - 1.43%    
Kratos Defense & Security Solutions, Inc. * 457,000 $ 507,270

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Aerospace (continued)    
Woodward Governor Company 225,400 $ 4,787,496
    5,294,766
Air Travel - 0.88%    
Alaska Air Group, Inc. * 141,200 3,240,540
Apparel & Textiles - 0.81%    
Culp, Inc. * 89,400 206,514
G & K Services, Inc., Class A 119,500 2,796,300
    3,002,814
Auto Parts - 0.01%    
Accuride Corp. * 190,100 51,327
Auto Services - 0.05%    
Dollar Thrifty Automotive Group, Inc. * 145,600 180,544
Banking - 5.74%    
East West Bancorp, Inc. 242,838 3,594,002
Glacier Bancorp, Inc. (a) 198,800 3,534,664
Home Bancshares, Inc. (a) 135,816 3,588,259
Signature Bank * 73,600 2,193,280
SVB Financial Group * 149,400 5,983,470
Wintrust Financial Corp. 111,900 2,308,497
    21,202,172
Biotechnology - 1.40%    
Exelixis, Inc. * 206,400 637,776
Myriad Genetics, Inc. * 76,300 4,523,064
    5,160,840
Broadcasting - 0.11%    
Saga Communications, Inc., Class A * 170,100 418,446
Building Materials & Construction - 2.39%    
Beacon Roofing Supply, Inc. * (a) 412,800 4,879,296
Drew Industries, Inc. * (a) 181,900 2,557,514
Sterling Construction Company, Inc. * 85,100 1,400,746
    8,837,556
Business Services - 7.59%    
Compass Diversified Trust 160,200 1,603,602
Electro Rent Corp. 222,900 2,458,587
FTI Consulting, Inc. * 133,100 7,299,204
McGrath Rentcorp 210,300 3,781,194
MPS Group, Inc. * 444,500 2,942,590
Navigant Consulting Company * 250,600 4,738,846
StarTek, Inc. * 185,612 426,908
SYNNEX Corp. * 114,100 1,193,486
Wind River Systems, Inc. * 429,100 3,578,694
    28,023,111
Chemicals - 3.08%    
Airgas, Inc. 129,000 4,611,750
American Vanguard Corp. 186,000 1,815,360
Arch Chemicals, Inc. 134,400 3,881,472
Innospec, Inc. 186,900 1,076,544
    11,385,126
Colleges & Universities - 0.98%    
Corinthian Colleges, Inc. * 224,600 3,611,568

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Commercial Services - 0.80%    
Live Nation, Inc. * (a) 59,700 $ 291,933
Pool Corp. 154,800 2,667,204
    2,959,137
Computers & Business Equipment - 0.79%    
Ixia * 270,500 1,660,870
Palm, Inc. * (a) 363,900 869,721
Xyratex, Ltd. * 143,900 395,725
    2,926,316
Construction & Mining Equipment - 1.28%    
Astec Industries, Inc. * 59,700 1,805,925
Carbo Ceramics, Inc. (a) 60,800 2,912,320
    4,718,245
Construction Materials - 1.77%    
Ameron International Corp. 60,300 3,248,964
Comfort Systems USA, Inc. 146,900 1,226,615
Universal Forest Products, Inc. 97,800 2,056,734
    6,532,313
Crude Petroleum & Natural Gas - 2.99%    
Forest Oil Corp. * 100,500 1,753,725
Penn Virginia Corp. 207,700 6,237,231
Whiting Petroleum Corp. * 79,300 3,037,190
    11,028,146
Domestic Oil - 0.45%    
Mariner Energy, Inc. * 114,100 1,253,959
Union Drilling, Inc. * 58,419 393,744
    1,647,703
Drugs & Health Care - 1.92%    
Landauer, Inc. 49,700 2,853,774
West Pharmaceutical Services, Inc. 119,500 4,242,250
    7,096,024
Electrical Equipment - 0.63%    
C & D Technologies, Inc. * (a) 161,400 230,802
Littelfuse, Inc. * 103,200 1,552,128
Methode Electronics, Inc. 65,200 551,592
    2,334,522
Electrical Utilities - 3.23%    
Black Hills Corp. 124,900 3,223,669
Cleco Corp. 171,100 4,032,827
El Paso Electric Company * 165,700 2,985,914
Empire District Electric Company 96,100 1,685,594
    11,928,004
Electronics - 1.56%    
Analogic Corp. 37,500 1,464,750
Belden, Inc. 143,100 2,492,802
Franklin Electric, Inc. 36,900 1,089,288
Newport Corp. * 125,600 729,736
    5,776,576
Energy - 0.06%    
GeoMet, Inc. * 114,100 233,905
Financial Services - 2.92%    
Ares Capital Corp. 343,500 1,710,630

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
Hercules Technology Growth Capital, Inc. 239,800 $ 1,546,710
JMP Group, Inc. 136,900 502,423
Kohlberg Capital Corp. 250,267 1,026,095
Piper Jaffray Companies, Inc. * 54,300 2,057,427
Stifel Financial Corp. * (a) 91,200 3,922,512
    10,765,797
Food & Beverages - 0.92%    
Nash Finch Company (a) 75,600 3,391,416
Forest Products - 1.07%    
Deltic Timber Corp. 82,600 3,958,192
Furniture & Fixtures - 0.21%    
Stanley Furniture Company, Inc. 122,400 758,880
Gas & Pipeline Utilities - 1.41%    
Southwest Gas Corp. 114,100 2,955,190
Vectren Corp. 80,100 2,255,616
    5,210,806
Healthcare Products - 2.57%    
AngioDynamics, Inc. * 105,900 1,263,387
Owens & Minor, Inc. 198,200 8,231,246
    9,494,633
Healthcare Services - 1.23%    
National Healthcare Corp. 86,112 3,908,624
Triple-S Management Corp. * 57,700 628,930
    4,537,554
Homebuilders - 0.89%    
M/I Homes, Inc. (a) 105,900 1,116,186
Meritage Homes Corp. * 173,800 2,155,120
    3,271,306
Hotels & Restaurants - 0.60%    
Orient Express Hotels, Ltd., Class A 228,900 1,567,965
The Steak & Shake Company * (a) 143,900 636,038
    2,204,003
Industrial Machinery - 2.07%    
Cascade Corp. 67,900 1,834,658
Circor International, Inc. 82,300 1,796,609
IDEX Corp. 175,125 4,027,875
    7,659,142
Insurance - 4.98%    
Employers Holdings, Inc. 73,300 1,194,057
Markel Corp. * 9,000 2,772,000
Max Re Capital, Ltd. 184,700 2,135,132
National Interstate Corp. 135,200 2,270,008
ProAssurance Corp. * 162,900 8,892,711
Universal American Financial Corp. * 113,500 1,128,190
    18,392,098
Investment Companies - 0.33%    
First Opportunity Fund, Inc. 249,800 1,209,032
Life Sciences - 0.19%    
Symyx Technologies, Inc. * 177,000 711,540
Manufacturing - 2.79%    
AptarGroup, Inc. 187,400 6,266,656

Small Company Value Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Manufacturing (continued)    
Nordson Corp. 124,900  $ 4,053,005
    10,319,661
Metal & Metal Products - 3.37%    
Franco-Nevada Corp. 97,300 1,321,968
Gibraltar Industries, Inc. 184,300 2,377,470
Matthews International Corp., Class A 162,900 6,651,207
Sims Group, Ltd. 228,100 2,103,082
    12,453,727
Mining - 0.40%    
AMCOL International Corp. 74,200 1,494,388
Mobile Homes - 0.38%    
Winnebago Industries, Inc. (a) 239,000 1,405,320
Multimedia - 0.32%    
Ascent Media Corp., Class A * 59,600 1,192,000
Paper - 1.61%    
Potlatch Corp. 122,200 3,260,296
Wausau-Mosinee Paper Corp. 262,600 2,702,154
    5,962,450
Petroleum Services - 0.82%    
Atwood Oceanics, Inc. * 58,100 1,051,610
Hercules Offshore, Inc. * (a) 82,292 478,940
TETRA Technologies, Inc. * 307,000 1,479,740
    3,010,290
Railroads & Equipment - 1.50%    
Genesee & Wyoming, Inc., Class A * 181,900 5,526,122
Real Estate - 4.37%    
Cedar Shopping Centers, Inc., REIT 228,100 1,072,070
First Potomac Realty Trust, REIT 180,600 1,450,218
Hatteras Financial Corp., REIT 119,500 3,079,515
Kilroy Realty Corp., REIT 124,900 3,805,703
LaSalle Hotel Properties, REIT (a) 141,200 1,245,384
Parkway Properties, Inc., REIT 78,800 1,077,196
Redwood Trust, Inc., REIT 100,500 1,311,525
Strategic Hotel & Resorts, Inc., REIT 191,700 191,700
Washington Real Estate Investment Trust,    
REIT 109,200 2,890,524
    16,123,835
Retail Grocery - 0.18%    
Winn-Dixie Stores, Inc. * 43,200 645,840
Retail Trade - 5.59%    
Aaron Rents, Inc., Class B 338,800 8,954,484
Casey's General Stores, Inc. 108,400 3,214,060
CSS Industries, Inc. 97,600 2,225,280
Fred's, Inc., Class A 178,100 2,048,150
Haverty Furniture Companies, Inc. (a) 222,700 1,890,723
Marinemax, Inc. * (a) 135,900 377,802
Stein Mart, Inc. 317,700 495,612
The Men's Wearhouse, Inc. (a) 135,800 1,444,912
    20,651,023
Sanitary Services - 2.15%    
Casella Waste Systems, Inc., Class A * 63,800 319,638
Insituform Technologies, Inc., Class A * 214,600 3,478,666

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Fund (continued)  
  Shares or    
  Principal    
   Amount Value
 
COMMON STOCKS (continued)      
Sanitary Services (continued)      
Waste Connections, Inc. *   146,600 $ 4,138,518
      7,936,822
Semiconductors - 2.39%      
Advanced Energy Industries, Inc. *   214,500 1,668,810
ATMI, Inc. *   101,300 1,207,496
Brooks Automation, Inc. *   255,304 985,473
Cabot Microelectronics Corp. *   48,300 1,196,391
Exar Corp. *   238,200 1,605,468
FormFactor, Inc. *   133,300 1,803,549
GSI Group, Inc. *   342,400 366,368
      8,833,555
Software - 2.66%      
Progress Software Corp. *   181,900 3,870,832
SPSS, Inc. *   134,200 3,279,848
Websense, Inc. *   165,900 2,682,603
      9,833,283
Steel - 0.53%      
Carpenter Technology Corp. (a)   118,400 1,972,544
Telecommunications Equipment &      
Services - 0.84%      
Premiere Global Services, Inc. *   323,700 1,974,570
Sonus Networks, Inc. *   719,600 1,115,380
      3,089,950
Tires & Rubber - 0.46%      
Myers Industries, Inc.   277,005 1,684,190
Tobacco - 0.36%      
Alliance One International, Inc. *   434,500 1,346,950
Transportation - 1.92%      
Kirby Corp. *   181,100 4,605,373
UTI Worldwide, Inc.   230,800 2,474,176
      7,079,549
Trucking & Freight - 2.13%      
Landstar Systems, Inc.    244,400   7,855,016
TOTAL COMMON STOCKS (Cost $467,432,370)      $ 347,570,615
  
PREFERRED STOCKS - 0.60%      
Banking - 0.60%      
East West Bancorp., Inc., Series A, 8.00%    2,314   2,227,651
TOTAL PREFERRED STOCKS (Cost $2,294,914)      $ 2,227,651
  
INVESTMENT COMPANIES - 0.72%      
Investment Companies - 0.72%      
iShares Russell 2000 Value Index Fund    56,388   2,659,258
TOTAL INVESTMENT COMPANIES (Cost $3,565,927)    $ 2,659,258
  
SHORT TERM INVESTMENTS - 6.92%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 19,965,172 $ 19,965,172

Small Company Value Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS (continued)      
T. Rowe Price Reserve Investment      
Fund, 2.7528%  $  3,624,898   $ 5,590,602
TOTAL SHORT TERM INVESTMENTS        
(Cost $25,555,774)         $ 25,555,774
  
REPURCHASE AGREEMENTS - 0.54%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$2,003,008 on 12/01/2008,      
collateralized by $1,915,000      
Federal National Mortgage      
Association, 5.00% due      
03/15/2016 (valued at $2,046,656,      
including interest)  $  2,003,000   $ 2,003,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $2,003,000)       $ 2,003,000
Total Investments (Small Company Value Fund)    
(Cost $500,851,985) - 102.89%   $ 380,016,298
Liabilities in Excess of Other Assets - (2.89)%     (10,684,868)
TOTAL NET ASSETS - 100.00%   $ 369,331,430

Smaller Company Growth Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 95.37%    
Advertising - 0.34%    
inVentiv Health, Inc. * 26,606  $ 320,070
Marchex, Inc., Class B 1,109 6,188
ValueClick, Inc. * 4,025 24,835
    351,093
Aerospace - 2.01%    
AAR Corp. * 1,637 27,731
Aerovironment, Inc. * 6,575 211,912
Alliant Techsystems, Inc. * 1,388 114,094
BE Aerospace, Inc. * 3,933 32,172
Curtiss-Wright Corp. 8,289 276,853
Ducommun, Inc. 3,102 51,865
Esterline Technologies Corp. * 5,744 212,011
GenCorp, Inc. * 1,946 5,565
HEICO Corp., Class A 557 12,945
HEICO Corp. 229 7,358
Integral Systems, Inc. * 17,363 416,712
Moog, Inc., Class A * 2,580 83,024
Orbital Sciences Corp., Class A * 2,468 42,450
Teledyne Technologies, Inc. * 7,837 318,339
TransDigm Group, Inc. * 1,112 39,476
Triumph Group, Inc. 350 11,970
Woodward Governor Company 10,842 230,284
    2,094,761
Agriculture - 0.01%    
Tejon Ranch Company * 538 14,047

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Air Travel - 0.47%    
Airtran Holdings, Inc. * 89,644 $ 305,686
Allegiant Travel Company * 512 22,087
Continental Airlines, Inc., Class B * 3,012 44,216
JetBlue Airways Corp. * 6,633 34,757
UAL Corp. * 4,907 55,204
US Airways Group, Inc. * 4,455 26,552
    488,502
Apparel & Textiles - 1.24%    
American Apparel, Inc. * 1,354 5,754
Bebe Stores, Inc. 1,128 6,971
Brown Shoe, Inc. 16,224 91,503
Crocs, Inc. * 3,332 4,232
Deckers Outdoor Corp. * 523 31,192
Gymboree Corp. * 13,816 347,472
Hanesbrands, Inc. * 3,970 51,292
Iconix Brand Group, Inc. * 2,193 18,575
Interface, Inc., Class A 2,125 11,772
Jos. A. Bank Clothiers, Inc. * 6,620 129,421
Lululemon Athletica, Inc. * 1,158 11,372
Maidenform Brands, Inc. * 22,817 211,285
Phillips-Van Heusen Corp. 3,454 60,238
Skechers U.S.A., Inc., Class A * 909 10,944
True Religion Apparel, Inc. * 908 11,432
Under Armour, Inc., Class A * 1,232 28,324
Volcom, Inc. * 672 6,774
Warnaco Group, Inc. * 1,919 34,350
Wolverine World Wide, Inc. 11,606 223,648
    1,296,551
Auto Parts - 0.24%    
Amerigon, Inc. * 41,947 156,462
Commercial Vehicle Group, Inc. * 396 444
Gentex Corp. 2,118 18,575
LKQ Corp. * 5,144 53,600
Tenneco, Inc. * 598 1,961
Titan International, Inc. 1,378 13,146
Visteon Corp. * 4,797 3,598
    247,786
Automobiles - 0.07%    
Americas Car Mart, Inc. * 8,086 75,523
Banking - 1.88%    
Bank of the Ozarks, Inc. 532 14,481
Beneficial Mutual Bancorp, Inc. * 1,383 16,250
City Bank 11,831 77,966
First Citizens Bancshares, Inc. 2,024 284,473
Greene County Bancshares, Inc. 15,309 249,690
Greenhill & Company, Inc. 677 46,104
Guaranty Financial Group, Inc. * 1,560 4,212
Investors Bancorp, Inc. * 1,330 18,620
MainSource Financial Group, Inc. 2,833 44,166
NewAlliance Bancshares, Inc. 1,430 19,705
Oritani Financial Corp. * 600 10,122
Pacific Capital Bancorp 13,327 210,567
Pinnacle Financial Partners, Inc. * 7,121 195,828
PrivateBancorp, Inc. 807 25,146
Roma Financial Corp. 172 2,532

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Banking (continued)    
Signature Bank * 1,455 $ 43,359
Texas Capital Bancshares, Inc. * 19,012 305,143
United Community Banks, Inc. 13,090 172,526
ViewPoint Financial Group 478 7,643
Virginia Commerce Bancorp, Inc. * 730 3,168
Whitney Holding Corp. 11,858 207,871
    1,959,572
Biotechnology - 2.34%    
Acorda Therapeutics, Inc. * 1,484 26,890
Affymetrix, Inc. * 2,947 8,075
Alnylam Pharmaceuticals, Inc. * 16,634 303,238
AMAG Pharmaceuticals, Inc. * 467 15,729
Arena Pharmaceuticals, Inc. * 1,583 6,110
Bio-Rad Laboratories, Inc., Class A * 511 37,896
Cougar Biotechnology, Inc. * 695 16,819
Exelixis, Inc. * 4,456 13,769
Genomic Health, Inc. * 596 11,044
Geron Corp. * 3,311 11,588
GTx, Inc. * 613 9,054
Human Genome Sciences, Inc. * 5,450 9,429
Illumina, Inc. * 37,800 831,978
Immucor, Inc. * 17,767 431,205
Integra LifeSciences Holdings Corp. * 863 27,176
Intermune, Inc. * 1,323 15,228
Lexicon Genetics, Inc. * 1,796 3,071
Martek Biosciences Corp. * 1,386 38,739
Medarex, Inc. * 5,126 25,886
Medivation, Inc. * 673 10,034
Momenta Pharmaceuticals, Inc. * 709 6,310
Myriad Genetics, Inc. * 7,209 427,350
Nabi Biopharmaceuticals * 1,428 5,698
Nektar Therapeutics * 2,552 12,122
Neurocrine Biosciences, Inc. * 1,631 5,072
Orexigen Therapeutics, Inc. * 736 5,145
Osiris Therapeutics, Inc. * 670 12,750
Pharmanet Development Group, Inc. * 710 859
Progenics Pharmaceuticals, Inc. * 1,145 10,614
Sangamo Biosciences, Inc. * 1,472 3,621
Techne Corp. 1,546 95,867
    2,438,366
Broadcasting - 0.03%    
CKX, Inc. * 1,862 8,193
Crown Media Holdings, Inc., Class A * 539 1,148
Cumulus Media, Inc., Class A * 1,098 966
Entravision Communications Corp., Class A * 1,952 1,503
Liberty Media Corp. - Capital, Series A * 5,211 17,249
Mediacom Communications Corp., Class A * 1,744 4,412
    33,471
Building Materials & Construction - 1.37%    
Beacon Roofing Supply, Inc. * 23,268 275,028
Builders FirstSource, Inc. * 330 386
Chicago Bridge & Iron Company N.V. 68,600 697,662
China Architectural Engineering, Inc. * 570 1,653
Drew Industries, Inc. * 9,304 130,814
Dycom Industries, Inc. * 1,699 10,092

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Building Materials & Construction    
(continued)    
Eagle Materials, Inc. 1,836 $ 38,556
EMCOR Group, Inc. * 14,229 224,391
Perini Corp. * 1,091 20,893
Texas Industries, Inc. 989 30,521
    1,429,996
Business Services - 3.54%    
3PAR, Inc. * 1,158 9,554
Acxiom Corp. 3,093 23,228
Administaff, Inc. 992 16,943
AMERCO, Inc. * 194 7,188
Arbitron, Inc. 1,150 16,135
BearingPoint, Inc. * 7,963 334
Brinks Company 1,898 41,319
Chindex International, Inc. * 216 1,296
Coinstar, Inc. * 1,179 21,882
comScore, Inc. * 730 6,804
Constant Contact, Inc. * 475 6,626
Corporate Executive Board Company 1,442 33,253
CoStar Group, Inc. * 784 25,574
CRA International, Inc. * 7,630 221,423
Euronet Worldwide, Inc. * 1,763 15,038
Exponent, Inc. * 7,800 238,056
EZCORP, Inc., Class A * 1,458 24,042
FactSet Research Systems, Inc. 1,919 76,760
Fair Isaac Corp. 1,028 14,536
Forrester Research, Inc. * 692 15,861
FTI Consulting, Inc. * 10,162 557,284
Gartner Group, Inc., Class A * 2,794 42,916
Global Cash Access, Inc. * 1,951 6,029
Global Payments, Inc. 2,181 78,887
GSI Commerce, Inc. * 907 7,220
Heidrick & Struggles International, Inc. 724 14,987
Hill International, Inc. * 1,021 5,616
Hudson Highland Group, Inc. * 1,064 3,341
Huron Consulting Group, Inc. * 6,794 353,967
Informatica Corp. * 3,736 51,856
Kendle International, Inc. * 558 11,422
Kenexa Corp. * 860 5,194
Kforce, Inc. * 22,561 153,415
Korn/Ferry International * 977 12,027
Macrovision Solutions Corp. * 4,336 50,991
Navigant Consulting Company * 2,035 38,482
Net 1 UEPS Technologies, Inc. * 1,012 10,322
OraSure Technologies, Inc. * 1,991 6,849
Parexel International Corp. * 2,382 19,818
Perot Systems Corp., Class A * 3,762 46,950
Pre-Paid Legal Services, Inc. * 386 15,440
Resources Connection, Inc. * 1,824 31,573
Rollins, Inc. 1,910 33,081
ScanSource, Inc. * 1,108 18,847
Seachange International, Inc. * 31,246 247,468
SonicWALL, Inc. * 2,429 9,522
Sotheby's 1,852 18,409
SRA International, Inc., Class A * 1,832 27,517
Stanley, Inc. * 8,437 269,140

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Business Services (continued)    
SuccessFactors, Inc. * 1,281 $ 7,942
Syntel, Inc. 1,052 25,269
TeleTech Holdings, Inc. * 1,780 15,700
Tetra Tech, Inc. * 2,482 49,739
The Hackett Group, Inc. * 68,000 202,640
TrueBlue, Inc. * 18,538 137,367
Tyler Technologies, Inc. * 1,522 19,223
Unisys Corp. * 4,574 3,065
VSE Corp. 6,273 209,267
Watson Wyatt Worldwide, Inc., Class A 895 36,086
Wind River Systems, Inc. * 3,068 25,587
    3,696,307
Cable & Television - 0.03%    
Charter Communications, Inc., Class A * 14,197 2,697
Knology, Inc. * 1,286 7,305
TiVo, Inc. * 4,085 20,507
    30,509
Cellular Communications - 1.40%    
iPCS, Inc. * 620 4,619
MetroPCS Communications, Inc. * 80,700 1,181,448
Novatel Wireless, Inc. * 875 3,351
Syniverse Holdings, Inc. * 27,949 273,062
    1,462,480
Chemicals - 2.99%    
A. Schulman, Inc. 7,414 100,608
Albany Molecular Research, Inc. * 18,551 176,049
Albemarle Corp. 60,700 1,234,031
American Vanguard Corp. 421 4,109
Ashland, Inc. 421 4,021
Cabot Corp. 44,300 916,567
Calgon Carbon Corp. * 1,009 12,885
ICO, Inc. * 19,954 89,594
Landec Corp. * 19,645 136,336
Newmarket Corp. 555 18,581
Sensient Technologies Corp. 14,326 344,397
The Scotts Company, Class A 1,909 61,775
W. R. Grace & Company * 3,047 15,631
Zoltek Companies, Inc. * 1,153 9,282
    3,123,866
Coal - 0.07%    
Foundation Coal Holdings, Inc. 1,917 27,356
International Coal Group, Inc. * 5,501 15,623
James River Coal Company * 1,157 13,143
Patriot Coal Corp. * 2,264 19,176
    75,298
Colleges & Universities - 0.37%    
Career Education Corp. * 18,062 333,786
Corinthian Colleges, Inc. * 3,593 57,775
    391,561
Commercial Services - 1.10%    
Brinks Home Security Holdings, Inc. * 1,898 37,960
Cardtronics, Inc. * 496 665
CBIZ, Inc. * 49,852 400,312

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Commercial Services (continued)    
Chemed Corp. 1,001 $ 40,801
DynCorp International, Inc. * 1,084 16,097
Exlservice Holdings, Inc. * 620 4,402
First Advantage Corp., Class A * 344 4,324
HMS Holdings Corp. * 1,002 29,559
Live Nation, Inc. * 3,042 14,875
Morningstar, Inc. * 676 21,767
Perficient, Inc. * 1,295 3,950
Pool Corp. 17,161 295,684
Team, Inc. * 8,979 253,387
TNS, Inc. * 603 5,156
Wright Express Corp. * 1,639 18,652
    1,147,591
Computers & Business Equipment - 3.48%    
3D Systems Corp. * 714 5,176
Acme Packet, Inc. * 1,051 4,099
Avocent Corp. * 9,950 187,159
BigBand Networks, Inc. * 692 2,519
Blue Coat Systems, Inc. * 1,607 14,286
BluePhoenix Solutions Ltd * 29,022 52,530
Brocade Communications Systems, Inc. * 15,886 51,153
CACI International, Inc., Class A * 7,805 346,620
Cogent, Inc. * 32,339 434,636
Compellent Technologies, Inc. * 20,683 222,135
Data Domain, Inc. * 1,107 17,989
Diebold, Inc. 6,840 191,520
Echelon Corp. * 1,218 7,783
EMS Technologies, Inc. * 11,179 270,644
Extreme Networks, Inc. * 3,557 7,470
Falconstor Software, Inc. * 18,793 54,500
Foundry Networks, Inc. * 3,802 58,893
Furmanite Corp. * 23,152 124,558
Intermec, Inc. * 2,081 27,636
Internap Network Services Corp. * 926 2,537
Isilon Systems, Inc. * 978 3,188
Ixia * 1,683 10,334
Jack Henry & Associates, Inc. 3,320 61,121
L-1 Identity Solutions, Inc. * 2,785 16,264
Limelight Networks, Inc. * 1,637 4,436
Metavante Technologies, Inc. * 3,783 65,332
MICROS Systems, Inc. * 3,437 57,226
MTS Systems Corp. 666 17,323
National Instruments Corp. 2,480 59,793
Ness Technologies, Inc. * 740 3,485
Netezza Corp. * 1,229 8,873
NETGEAR, Inc. * 1,498 18,126
Netscout Systems, Inc. * 33,847 269,084
Palm, Inc. * 4,306 10,291
Parametric Technology Corp. * 4,855 56,124
Plexus Corp. * 1,790 29,857
Rackable Systems, Inc. * 1,253 4,999
Radiant Systems, Inc. * 32,553 159,510
Seagate Technology 92,800 390,688
Sigma Designs, Inc. * 1,287 12,008
Smart Modular Technologies (WWH), Inc. * 670 603
Sonic Solutions * 920 1,178

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Computers & Business Equipment    
(continued)    
Stratasys, Inc. * 833 $ 9,296
Sykes Enterprises, Inc. * 1,385 25,692
Synaptics, Inc. * 11,303 248,327
Trident Microsystems, Inc. * 2,589 4,350
    3,631,351
Construction & Mining Equipment - 0.24%    
Astec Industries, Inc. * 757 22,899
Carbo Ceramics, Inc. 881 42,200
Gulf Islands Fabrication, Inc. 11,214 161,594
Layne Christensen Company * 812 18,335
Matrix Service Company * 1,098 8,389
    253,417
Construction Materials - 0.34%    
Clarcor, Inc. 1,314 42,193
Columbus McKinnon Corp. * 267 3,129
Simpson Manufacturing Company, Inc. 11,723 304,798
    350,120
Containers & Glass - 1.39%    
Graphic Packaging Holding Company * 4,382 7,230
Greif, Inc., Class A 1,007 33,382
Mobile Mini, Inc. * 1,461 18,979
Pactiv Corp. * 55,100 1,376,949
Silgan Holdings, Inc. 392 17,734
    1,454,274
Correctional Facilities - 0.13%    
Corrections Corp. of America * 5,271 95,352
The Geo Group, Inc. * 2,153 41,553
    136,905
Cosmetics & Toiletries - 0.53%    
Alberto-Culver Company 3,810 81,801
Chattem, Inc. * 3,813 276,709
Helen of Troy, Ltd. * 9,628 150,775
Intermediate Parfums, Inc. 651 4,791
Revlon, Inc. * 711 5,361
Sally Beauty Holdings, Inc. * 3,449 15,003
Steiner Leisure, Ltd. * 652 15,772
    550,212
Crude Petroleum & Natural Gas - 3.20%    
Allis-Chalmers Energy, Inc. * 271 1,710
Arena Resources, Inc. * 69,934 1,851,153
Bill Barrett Corp. * 14,970 334,879
Cano Petroleum, Inc. * 61,290 35,548
Carrizo Oil & Gas, Inc. * 1,167 24,157
Concho Resources, Inc. * 2,083 49,138
Contango Oil & Gas Company * 596 31,314
EXCO Resources, Inc. * 32,229 247,196
GMX Resources, Inc. * 596 17,123
Goodrich Petroleum Corp. * 1,102 39,749
Gulfport Energy Corp. * 355 1,757
North American Energy Partners Inc * 60,180 170,911
Oilsands Quest, Inc. * 2,739 3,013
Parallel Petroleum Corp. * 1,679 5,289
Penn Virginia Corp. 7,889 236,907

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

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Crude Petroleum & Natural Gas    
(continued)    
Petroquest Energy, Inc. * 24,864 $ 174,297
St. Mary Land & Exploration Company 2,596 52,206
SulphCo, Inc. * 862 1,379
TXCO Resources, Inc. * 1,335 4,005
Unit Corp. * 1,987 56,987
Venoco, Inc. * 874 2,919
Western Refining, Inc. 395 2,994
    3,344,631
Domestic Oil - 0.75%    
Atlas America, Inc. 1,536 23,025
Berry Petroleum Company, Class A 1,532 17,940
Clayton Williams Energy, Inc. * 306 14,052
Comstock Resources, Inc. * 1,922 80,590
Delta Petroleum Corp. * 2,820 16,102
Encore Aquisition Company * 1,389 36,725
Energy Partners, Ltd. * 858 2,900
GeoGlobal Resources, Inc. * 946 1,703
Helix Energy Solutions Group, Inc. * 3,677 23,643
Holly Corp. 1,802 32,778
McMoran Exploration Company * 1,877 21,116
Natural Gas Services Group, Inc. * 13,204 136,001
Oil States International, Inc. * 13,560 290,455
Stone Energy Corp. * 4,726 78,546
Warren Resources, Inc. * 2,345 7,809
    783,385
Drugs & Health Care - 0.55%    
Abaxis, Inc. * 916 12,146
Abiomed, Inc. * 1,296 18,196
Alpharma, Inc., Class A * 653 23,573
CV Therapeutics, Inc. * 2,564 23,230
Datascope Corp. 278 14,514
Dendreon Corp. * 2,564 12,512
Hansen Medical, Inc. * 545 5,009
Luminex Corp. * 1,628 35,832
Mentor Corp. 1,428 23,062
Meridian Bioscience, Inc. 1,694 40,368
Opko Health, Inc. * 3,023 4,686
Quidel Corp. * 1,229 16,751
Seattle Genetics, Inc. * 2,681 23,218
Vivus, Inc. * 48,967 290,864
XenoPort, Inc. * 955 30,025
Zymogenetics, Inc. * 1,157 3,136
    577,122
Educational Services - 0.43%    
American Public Education, Inc. * 338 13,371
Capella Education Company * 531 31,786
ChinaCast Education Corp * 40,371 81,146
DeVry, Inc. 2,707 155,598
K12, Inc. * 410 7,482
Leapfrog Enterprises, Inc., Class A * 721 3,129
Renaissance Learning, Inc. 133 1,264
Strayer Education, Inc. 599 143,526
Universal Technical Institute, Inc. * 585 11,250
    448,552

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electrical Equipment - 2.55%    
American Science & Engineering, Inc. 383 $ 29,058
Bel Fuse, Inc., Class A 27 487
Capstone Turbine Corp. * 201,858 173,598
Cohu, Inc. 926 10,371
DTS, Inc. * 754 12,494
Encore Wire Corp. 478 8,107
FLIR Systems, Inc. * 2,104 65,266
General Cable Corp. * 7,713 127,342
GrafTech International, Ltd. * 42,878 286,854
Houston Wire & Cable Company 600 4,668
Littelfuse, Inc. * 458 6,888
Plug Power, Inc. * 1,793 1,847
Powell Industries, Inc. * 334 7,969
Power-One, Inc. * 2,408 3,010
Universal Electronics, Inc. * 598 9,927
Varian, Inc. * 1,247 45,640
Watsco, Inc. 47,100 1,852,914
Wesco International, Inc. * 889 13,148
    2,659,588
Electrical Utilities - 1.47%    
Avista Corp. 11,790 208,329
EnerNOC, Inc. * 598 4,282
Pike Electric Corp. * 772 9,380
Quanta Services, Inc. * 80,700 1,312,182
    1,534,173
Electronics - 1.23%    
Anadigics, Inc. * 83,576 103,634
Analogic Corp. 367 14,335
Applied Energetics, Inc. * 1,771 567
Axsys Technologies, Inc. * 393 27,435
Bel Fuse, Inc., Class B 201 3,917
Cogo Group, Inc. * 1,142 3,883
Cubic Corp. 678 17,926
Daktronics, Inc. 1,445 13,164
Enersys * 16,855 143,773
FEI Company * 1,002 20,361
II-VI, Inc. * 8,098 162,932
Integrated Electrical Services, Inc. * 12,766 79,660
IPG Photonics Corp. * 655 8,901
Itron, Inc. * 1,443 68,369
Medis Technologies, Ltd. * 1,006 674
Multi-Fineline Electronix, Inc. * 420 4,385
Newport Corp. * 892 5,183
NVE Corp. * 8,987 207,510
Park Electrochemical Corp. 818 14,544
Rogers Corp. * 757 21,347
Supertex, Inc. * 490 10,217
Sycamore Networks, Inc. * 8,415 25,834
Taser International, Inc. * 2,515 10,940
Technitrol, Inc. 579 2,027
Thomas & Betts Corp. * 2,457 46,658
TTM Technologies, Inc. * 1,801 9,203
Universal Display Corp. * 1,372 10,002
Zebra Technologies Corp., Class A * 2,745 58,084

The accompanying notes are an integral part of the financial statements.
217

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Electronics (continued)    
Zoran Corp. * 25,542 $ 192,076
    1,287,541
Energy - 0.10%    
Alon USA Energy, Inc. 502 4,925
Clean Energy Fuels Corp. * 663 3,216
Comverge, Inc. * 561 2,278
Energy Conversion Devices, Inc. * 1,708 47,790
Evergreen Energy, Inc. * 1,472 559
Evergreen Solar, Inc. * 4,369 11,927
Fuelcell Energy, Inc. * 1,709 7,451
Orion Energy Systems, Inc. * 643 2,469
Ormat Technologies, Inc. 862 25,946
Pacific Ethanol, Inc. * 1,461 979
VeraSun Energy Corp. * 1,304 117
Verenium Corp. * 758 576
    108,233
Financial Services - 1.44%    
Affiliated Managers Group, Inc. * 1,730 48,440
Bankrate, Inc. * 558 15,328
BGC Partners, Inc. 797 3,029
Broadridge Financial Solutions, Inc. 3,840 43,776
Calamos Asset Management, Inc. 855 3,480
CapitalSource, Inc. 120,000 625,200
Credit Acceptance Corp. * 451 5,908
Dollar Financial Corp. * 1,025 7,770
Duff & Phelps Corp. * 452 5,198
E*TRADE Financial Corp. * 21,945 29,626
Encore Capital Group, Inc. * 18,944 158,372
FBR Capital Markets Corp. * 758 3,790
FCStone Group, Inc. * 1,065 3,621
GAMCO Investors, Inc. 139 3,813
GFI Group, Inc. 2,964 11,234
Heartland Payment Systems, Inc. 945 16,235
Interactive Brokers Group, Inc. * 1,712 31,227
Investment Technology Group, Inc. * 1,844 30,850
KBW, Inc. * 727 16,510
LaBranche & Company, Inc. * 1,531 7,502
MarketAxess Holdings, Inc. * 1,252 8,013
MF Global, Ltd. * 1,533 4,016
optionsXpress Holdings, Inc. 1,777 25,038
PICO Holdings, Inc. * 715 16,223
Portfolio Recovery Associates, Inc. * 640 21,606
Stifel Financial Corp. * 7,540 324,295
Thinkorswim Group, Inc. * 2,382 15,388
Waterstone Financial, Inc. * 343 1,629
World Acceptance Corp. * 620 12,133
    1,499,250
Food & Beverages - 0.77%    
Cal-Maine Foods, Inc. 494 12,454
Chiquita Brands International, Inc. * 24,923 277,891
Coca-Cola Bottling Company Consolidated 167 7,108
Flowers Foods, Inc. 9,833 263,328
Green Mountain Coffee Roasters, Inc. * 708 25,729
Heckmann Corp. * 28,776 178,123
M & F Worldwide Corp. * 586 9,229

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Food & Beverages (continued)    
Seaboard Corp. 16 $ 14,416
Tootsie Roll Industries, Inc. 445 11,548
    799,826
Forest Products - 0.02%    
Deltic Timber Corp. 449 21,516
Funeral Services - 0.04%    
Hillenbrand, Inc. 2,632 41,901
Gas & Pipeline Utilities - 0.02%    
Crosstex Energy, Inc. 1,087 4,511
Global Industries, Ltd. * 4,150 12,243
    16,754
Healthcare Products - 5.70%    
Accuray, Inc. * 1,740 8,787
Advanced Medical Optics, Inc. * 2,580 14,990
Align Technology, Inc. * 2,504 17,528
American Medical Systems Holdings, Inc. * 33,788 297,334
ArthroCare Corp. * 1,125 14,715
Bruker BioSciences Corp. * 43,565 204,755
C.R. Bard, Inc. 12,600 1,033,578
Clinical Data, Inc. * 320 3,040
Conceptus, Inc. * 1,277 18,772
Cryolife, Inc. * 28,518 259,514
Cyberonics, Inc. * 1,156 15,872
Cypress Biosciences, Inc. * 1,593 8,538
Edwards Lifesciences Corp. * 2,311 115,018
Gen-Probe, Inc. * 2,279 83,981
Haemonetics Corp. * 1,081 61,822
Herbalife, Ltd. 2,059 36,609
ICU Medical, Inc. * 526 15,911
IDEXX Laboratories, Inc. * 2,542 78,573
Insulet Corp. * 9,768 47,766
Inverness Medical Innovations, Inc. * 1,091 19,169
Mannkind Corp. * 2,574 8,108
Masimo Corp. * 2,006 54,744
Medicines Company * 18,791 242,216
Merit Medical Systems, Inc. * 12,668 183,813
Natus Medical, Inc. * 1,077 13,689
NutriSystem, Inc. 1,226 17,176
Nuvasive, Inc. * 1,499 51,641
Orthofix International NV * 659 7,888
PSS World Medical, Inc. * 2,610 45,388
ResMed, Inc. * 3,258 118,396
RTI Biologics, Inc. * 71,132 193,479
Sirona Dental Systems, Inc. * 811 9,716
SonoSite, Inc. * 708 12,808
Stereotaxis, Inc. * 1,197 5,758
STERIS Corp. 10,586 292,703
SurModics, Inc. * 5,819 132,324
Symmetry Medical, Inc. * 1,493 13,377
Synovis Life Technologies, Inc. * 24,103 344,914
The Cooper Companies, Inc. 45,800 613,720
Thoratec Corp. * 2,297 57,494
TomoTherapy, Inc. * 989 2,285
Ulta Salon, Cosmetics & Fragrance, Inc. * 963 6,914
USANA Health Sciences, Inc. * 346 10,508

The accompanying notes are an integral part of the financial statements.
218

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Healthcare Products (continued)    
VNUS Medical Technologies * 16,348 $ 245,220
Volcano Corp. * 1,196 19,519
Wright Medical Group, Inc. * 51,466 872,863
Zoll Medical Corp. * 880 15,673
    5,948,606
Healthcare Services - 4.92%    
Air Methods Corp. * 465 7,370
Alliance Imaging, Inc. * 1,077 8,422
Amedisys, Inc. * 1,117 43,440
AMN Healthcare Services, Inc. * 1,425 12,711
Assisted Living Concepts, Inc. * 2,311 10,792
athenahealth, Inc. * 752 20,552
Catalyst Health Solutions, Inc. * 1,453 32,693
CorVel Corp. * 347 7,669
Cross Country Healthcare, Inc. * 12,701 110,626
Emergency Medical Services Corp., Class A * 4,720 160,102
Emeritus Corp. * 910 6,206
Enzo Biochem, Inc. * 912 4,642
Healthcare Services Group, Inc. 1,723 27,396
Healthsouth Corp. * 3,713 36,536
Healthways, Inc. * 1,492 12,070
HLTH Corp. * 7,360 68,963
ICON PLC, SADR * 13,116 277,928
LHC Group, Inc. * 7,352 245,410
Magellan Health Services, Inc. * 43,495 1,428,811
Nighthawk Radiology Holdings, Inc. * 364 1,056
Odyssey Healthcare, Inc. * 689 5,629
Omnicare, Inc. 74,200 1,788,962
Palomar Medical Technologies, Inc. * 737 6,670
Pediatrix Medical Group, Inc. * 1,293 40,238
Phase Forward, Inc. * 1,715 23,787
Psychiatric Solutions, Inc. * 13,861 350,683
Sun Healthcare Group, Inc. * 1,634 16,373
The Advisory Board Company * 759 19,013
The Ensign Group, Inc. 12,425 181,654
Town Sports International Holdings, Inc. * 434 1,228
US Physical Therapy, Inc. * 14,034 169,811
Virtual Radiologic Corp * 276 2,001
WebMD Health Corp. * 360 6,905
    5,136,349
Homebuilders - 0.04%    
Champion Enterprises, Inc. * 3,290 2,402
M.D.C. Holdings, Inc. 716 22,196
Meritage Homes Corp. * 1,164 14,433
    39,031
Hotels & Restaurants - 1.16%    
AFC Enterprises, Inc. * 1,087 4,381
BJ's Restaurants, Inc. * 728 7,120
Bob Evans Farms, Inc. 8,749 146,721
Buffalo Wild Wings, Inc. * 10,409 238,991
California Pizza Kitchen, Inc. * 1,016 7,874
CEC Entertainment, Inc. * 1,034 17,795
Chipotle Mexican Grill, Inc., Class A * 615 30,492
Chipotle Mexican Grill, Inc. * 744 34,291
Choice Hotels International, Inc. 1,451 36,435

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hotels & Restaurants (continued)    
CKE Restaurants, Inc. 1,989 $ 14,321
Denny's Corp. * 3,481 6,475
DineEquity, Inc. 287 3,653
Jack in the Box, Inc. * 2,479 43,382
Krispy Kreme Doughnuts, Inc. * 1,019 2,568
Morgans Hotel Group Company * 1,239 4,956
Orient Express Hotels, Ltd., Class A 1,798 12,316
P.F. Chang's China Bistro, Inc. * 14,265 267,183
Panera Bread Company, Class A * 1,219 54,172
Papa John's International, Inc. * 961 17,029
Peets Coffee & Tea, Inc. * 588 13,271
Red Robin Gourmet Burgers, Inc. * 5,947 72,494
Ruth's Chris Steak House, Inc. * 711 1,059
Sonic Corp. * 2,408 20,348
Texas Roadhouse, Inc., Class A * 18,773 104,941
The Cheesecake Factory, Inc. * 2,690 19,583
Wendy's/Arby's Group, Inc. 6,572 26,419
    1,208,270
Household Appliances - 0.04%    
The Toro Company 1,582 44,992
Household Products - 0.31%    
Jarden Corp. * 25,410 317,117
Select Comfort Corp. * 1,645 592
TurboChef Technologies, Inc. * 846 3,198
    320,907
Industrial Machinery - 1.01%    
Actuant Corp., Class A 2,360 42,338
Badger Meter, Inc. 522 16,375
Chart Industries, Inc. * 14,326 136,957
Cognex Corp. 1,678 22,871
Dionex Corp. * 773 39,647
Donaldson Company, Inc. 2,956 101,154
Dresser-Rand Group, Inc. * 3,632 60,691
EnPro Industries, Inc. * 9,695 181,006
Flow International Corp. * 29,808 64,982
Gardner Denver, Inc. * 2,214 54,797
Gorman-Rupp Company 632 17,443
Graco, Inc. 2,553 54,787
H&E Equipment Services, Inc. * 399 2,685
IDEX Corp. 3,472 79,856
Lindsay Corp. 477 18,560
Lufkin Industries, Inc. 311 15,335
Middleby Corp. * 681 22,044
NATCO Group, Inc. * 803 14,558
OYO Geospace Corp. * 202 4,598
Raser Technologies, Inc. * 803 3,774
Robbins & Myers, Inc. 1,237 27,833
Rofin-Sinar Technologies, Inc. * 1,253 29,746
Valmont Industries, Inc. 770 42,581
    1,054,618
Industrials - 0.14%    
Aecom Technology Corp. * 2,778 73,589
Clean Harbors, Inc. * 885 55,870
EnergySolutions, Inc. 2,979 13,585

The accompanying notes are an integral part of the financial statements.
219

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrials (continued)    
Synthesis Energy Systems, Inc. * 1,193 $ 1,169
    144,213
Insurance - 1.01%    
Amtrust Financial Services, Inc. 1,137 10,165
eHealth, Inc. * 639 7,010
Enstar Group, Ltd. * 333 15,827
FBL Financial Group, Inc., Class A 9,371 106,548
IPC Holdings, Ltd. 11,595 324,660
Life Partners Holdings, Inc. 254 9,068
Philadelphia Consolidated Holding Corp. * 896 55,059
Tower Group, Inc. 885 20,187
W.R. Berkley Corp. 17,700 503,211
    1,051,735
International Oil - 0.09%    
APCO Argentina, Inc. 153 4,360
ATP Oil & Gas Corp. * 1,217 8,130
BPZ Energy, Inc. * 2,307 14,211
Cheniere Energy, Inc. * 1,600 5,024
Parker Drilling Company * 21,211 64,906
    96,631
Internet Content - 0.49%    
Dice Holdings, Inc. * 931 2,970
InfoSpace, Inc. * 944 7,373
Internet Capital Group, Inc. * 1,645 6,053
Liquidity Services, Inc. * 650 4,784
LoopNet, Inc. * 1,140 7,319
Move, Inc. * 6,109 7,270
RightNow Technologies, Inc. * 855 6,891
Sohu.com, Inc. * 1,117 54,219
TechTarget, Inc. * 379 1,736
TeleCommunication Systems, Inc. * 51,081 403,540
The Knot, Inc. * 1,221 9,182
    511,337
Internet Retail - 0.49%    
1-800-Flowers.com, Inc. * 1,127 4,204
Blue Nile, Inc. * 572 13,648
Internet Brands, Inc. * 1,200 7,524
Mercadolibre, Inc. * 1,218 15,006
Netflix, Inc. * 3,696 84,934
Overstock.com, Inc. * 675 7,081
PetMed Express, Inc. * 20,783 372,639
Shutterfly, Inc. * 697 4,767
Stamps.com, Inc. * 696 6,166
    515,969
Internet Service Provider - 1.16%    
Cogent Communications Group, Inc. * 1,919 10,554
Earthlink, Inc. * 4,622 30,783
Equinix, Inc. * 21,901 994,524
SINA Corp. * 2,193 67,764
Web.com Group, Inc. * 40,500 102,465
    1,206,090
Internet Software - 1.56%    
Art Technology Group, Inc. * 27,151 52,130

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Internet Software (continued)    
Chordiant Software, Inc. * 1,289  $ 3,545
Cybersource Corp. * 34,039 315,882
DealerTrack Holdings, Inc. * 1,448 17,159
Digital River, Inc. * 1,567 33,111
eResearch Technology, Inc. * 48,273 272,260
F5 Networks, Inc. * 12,589 313,466
GigaMedia Ltd * 38,845 190,340
Interwoven, Inc. * 1,921 24,992
Lionbridge Technologies, Inc. * 2,009 1,949
NIC, Inc. * 1,711 7,922
Openwave Systems, Inc. * 1,990 1,075
RealNetworks, Inc. * 4,218 16,028
S1 Corp. * 842 6,298
Sapient Corp. * 3,480 13,711
Shanda Interactive Entertainment Ltd * 13,123 281,619
Switch & Data Facilities Company, Inc. * 805 4,194
TIBCO Software, Inc. * 7,864 38,062
VASCO Data Security International, Inc. * 1,264 13,196
Vignette Corp. * 684 5,951
Vocus, Inc. * 739 13,428
    1,626,318
Leisure Time - 0.28%    
Bally Technologies, Inc. * 2,078 38,381
Gaylord Entertainment Company * 1,124 10,330
Isle of Capri Casinos, Inc. * 216 726
Life Time Fitness, Inc. * 1,421 21,272
Lions Gate Entertainment Corp. * 5,015 32,447
Monarch Casino & Resort, Inc. * 422 3,798
MTR Gaming Group, Inc. * 855 2,155
National Cinemedia, Inc. 1,788 14,554
Polaris Industries, Inc. 1,386 37,838
Scientific Games Corp., Class A * 2,934 44,039
Shuffle Master, Inc. * 2,265 9,694
Vail Resorts, Inc. * 1,146 24,925
WMS Industries, Inc. * 2,145 52,874
    293,033
Life Sciences - 0.41%    
Abraxis BioScience, Inc. * 337 19,650
American Ecology Corp. 692 12,235
Celera Corp. * 35,080 341,679
Dawson Geophysical Company * 312 6,418
Halozyme Therapeutics, Inc. * 2,859 10,607
Incyte Corp. * 3,632 12,131
Omrix Biopharmaceuticals, Inc. * 616 15,326
Senomyx, Inc. * 729 2,180
Symyx Technologies, Inc. * 1,348 5,419
    425,645
Liquor - 1.42%    
Boston Beer Company, Inc. * 397 12,736
Central European Distribution Corp. * 6,956 164,440
Molson Coors Brewing Company, Class B 29,400 1,307,418
    1,484,594
Manufacturing - 0.77%    
Acuity Brands, Inc. 1,709 46,075

The accompanying notes are an integral part of the financial statements.
220

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Manufacturing (continued)    
American Railcar Industries, Inc. 450 $ 3,870
AptarGroup, Inc. 5,386 180,108
ATC Technology Corp. * 13,246 229,023
Blount International, Inc. * 1,703 15,412
Ceradyne, Inc. * 371 9,742
ESCO Technologies, Inc. * 1,093 33,424
Force Protection, Inc. * 1,628 6,479
Freightcar America, Inc. 502 10,914
Hexcel Corp. * 4,055 30,413
iRobot Corp. * 677 7,068
Koppers Holdings, Inc. 374 8,011
Mettler-Toledo International, Inc. * 1,465 120,496
Mine Safety Appliances Company 1,281 31,320
Nordson Corp. 1,279 41,504
Polypore International, Inc. * 1,027 4,632
Raven Industries, Inc. 687 17,553
Smith & Wesson Holding Corp. * 1,461 3,010
Spartan Motors, Inc. 1,129 3,364
    802,418
Medical-Hospitals - 0.77%    
Cepheid, Inc. * 2,405 32,660
EV3, Inc. * 2,450 12,250
Genoptix, Inc. * 379 12,026
IRIS International, Inc. * 26,342 337,178
MedCath Corp. * 701 5,173
MWI Veterinary Supply, Inc. * 456 11,377
Neogen Corp. * 4,630 104,592
RehabCare Group, Inc. * 13,218 192,322
Sunrise Senior Living, Inc. * 1,949 1,481
Tenet Healthcare Corp. * 13,135 15,893
VCA Antech, Inc. * 3,561 67,837
Vital Images, Inc. * 692 8,069
    800,858
Metal & Metal Products - 1.63%    
Ampco-Pittsburgh Corp. 366 6,094
Brush Engineered Materials, Inc. * 872 10,098
Crown Holdings, Inc. * 93,300 1,497,465
Dynamic Materials Corp. 534 8,491
Fushi Copperweld, Inc. * 446 1,695
Haynes International, Inc. * 506 9,224
Kaiser Aluminum Corp. 2,215 46,759
L.B. Foster Company * 466 14,851
Ladish Company, Inc. * 620 10,273
Matthews International Corp., Class A 1,311 53,528
Metalico, Inc. * 395 991
RBC Bearings, Inc. * 921 20,925
RTI International Metals, Inc. * 981 11,792
Sun Hydraulics, Inc. 526 8,006
    1,700,192
Mining - 0.08%    
Apex Silver Mines, Ltd. * 679 550
Coeur d'Alene Mines Corp. * 11,833 8,047
Compass Minerals International, Inc. 476 26,651
General Moly, Inc. * 1,270 1,461
Hecla Mining Company * 6,725 15,602

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Mining (continued)    
Royal Gold, Inc. 644 $ 25,760
Stillwater Mining Company * 1,979 6,194
Uranium Resources, Inc. * 1,822 929
    85,194
Mobile Homes - 0.02%    
Fleetwood Enterprises, Inc. * 1,817 272
Thor Industries, Inc. 1,528 23,898
    24,170
Office Furnishings & Supplies - 0.04%    
Herman Miller, Inc. 2,365 34,789
Steelcase, Inc. Class A 859 5,541
    40,330
Paper - 0.11%    
Rock-Tenn Company, Class A 3,550 119,884
Petroleum Services - 3.33%    
Approach Resources, Inc. * 303 2,633
Atwood Oceanics, Inc. * 2,430 43,983
Basic Energy Services, Inc. * 957 10,986
Bronco Drilling Company, Inc. * 721 4,600
Complete Production Services, Inc. * 2,024 16,577
Core Laboratories N.V. 4,983 331,918
CVR Energy, Inc. * 1,098 3,843
Delek US Holdings, Inc. 172 946
Dril-Quip, Inc. * 43,292 851,987
Flotek Industries, Inc. * 917 2,760
Grey Wolf, Inc. * 7,534 41,286
GulfMark Offshore, Inc. * 388 10,980
Hercules Offshore, Inc. * 35,566 206,994
Hornbeck Offshore Services, Inc. * 9,897 167,061
ION Geophysical Corp. * 3,573 10,719
Newpark Resources, Inc. * 1,890 8,694
Oceaneering International, Inc. * 2,327 60,083
Petroleum Development Corp. * 628 12,058
Pioneer Drilling Company * 2,099 15,407
Rentech, Inc. * 5,778 3,698
RPC, Inc. 1,457 12,530
SEACOR Holdings, Inc. * 306 20,236
Superior Energy Services, Inc. * 3,406 57,391
Superior Well Services, Inc. * 597 6,119
T-3 Energy Services, Inc. * 12,553 165,072
TETRA Technologies, Inc. * 3,153 15,197
Willbros Group, Inc. * 1,641 13,571
World Fuel Services Corp. 38,055 1,381,397
    3,478,726
Pharmaceuticals - 2.89%    
Acadia Pharmaceuticals, Inc. * 579 741
Affymax, Inc. * 454 5,289
Akorn, Inc. * 2,273 3,728
Alexion Pharmaceuticals, Inc. * 13,152 442,696
Alkermes, Inc. * 4,017 29,645
Allos Therapeutics, Inc. * 2,330 16,776
American Oriental Bioengineering, Inc. * 2,644 14,992
Amicus Therapeutics Inc * 340 3,026
Array BioPharma, Inc. * 1,253 4,736

The accompanying notes are an integral part of the financial statements.
221

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Auxilium Pharmaceuticals, Inc. * 1,649 $ 35,915
BioForm Medical, Inc. * 764 1,016
BioMarin Pharmaceutical, Inc. * 47,058 801,398
Cadence Pharmaceuticals, Inc. * 902 6,007
Caraco Pharmaceutical Labs * 392 1,701
Cubist Pharmaceuticals, Inc. * 9,987 245,281
Emergent Biosolutions, Inc. * 13,062 295,462
Gentiva Health Services, Inc. * 1,139 28,737
Indevus Pharmaceuticals, Inc. * 2,792 6,980
Isis Pharmaceuticals, Inc. * 4,025 46,167
K-V Pharmaceutical Company, Class A * 1,435 6,572
Ligand Pharmaceuticals, Inc., Class B * 2,379 4,901
MAP Pharmaceuticals, Inc. * 261 1,201
Medicis Pharmaceutical Corp., Class A 2,384 29,156
Noven Pharmaceuticals, Inc. * 1,051 12,034
Onyx Pharmaceuticals, Inc. * 2,345 65,895
OSI Pharmaceuticals, Inc. * 2,412 89,726
PDL BioPharma, Inc. * 5,038 48,264
PharMerica Corp. * 1,280 21,274
Questcor Pharmaceuticals, Inc. * 11,411 97,564
Regeneron Pharmaceuticals, Inc. * 1,686 26,066
Rigel Pharmaceuticals, Inc. * 1,542 11,442
Salix Pharmaceuticals, Ltd. * 2,024 16,394
Savient Pharmaceuticals, Inc. * 1,489 5,509
Sucampo Pharmaceuticals, Inc. * 257 1,575
Theravance, Inc. * 1,975 13,193
United Therapeutics Corp. * 9,849 540,021
ViroPharma, Inc. * 2,949 33,324
XOMA, Ltd. * 3,152 2,963
    3,017,367
Pollution Control - 0.01%    
Fuel Tech, Inc. * 761 6,727
Publishing - 0.10%    
Dolan Media Company * 730 3,146
John Wiley & Sons, Inc., Class A 1,842 66,238
Martha Stewart Living    
Omnimedia, Inc., Class A * 693 2,315
Playboy Enterprises, Inc., Class B * 783 979
PRIMEDIA, Inc. 638 644
VistaPrint, Ltd. * 1,770 28,940
Warner Music Group Corp. 1,637 4,878
    107,140
Railroads & Equipment - 0.40%    
Genesee & Wyoming, Inc., Class A * 1,335 40,557
Greenbrier Company, Inc. 285 2,158
Kansas City Southern * 13,671 299,668
Wabtec Corp. 1,939 74,826
    417,209
Real Estate - 1.37%    
Alexander's, Inc., REIT * 85 18,088
Annaly Capital Management, Inc., REIT 73,300 1,053,321
Avatar Holdings, Inc. * 71 2,062
BioMed Realty Trust, Inc., REIT 9,201 85,753
DuPont Fabros Technology, Inc., REIT 972 2,080
Entertainment Properties Trust, REIT 4,441 108,938

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Real Estate (continued)    
Equity Lifestyle Properties, Inc., REIT 985 $ 34,081
First Potomac Realty Trust, REIT 390 3,132
Forestar Real Estate Group, Inc. * 1,502 6,954
FX Real Estate and Entertainment, Inc. * 411 140
Grubb & Ellis Company 546 726
Hilltop Holdings, Inc. * 669 6,523
Jones Lang LaSalle, Inc. 1,347 32,099
Saul Centers, Inc., REIT 210 7,392
Tanger Factory Outlet Centers, Inc., REIT 464 17,001
Taubman Centers, Inc., REIT 2,229 53,139
    1,431,429
Retail - 0.00%    
hhgregg, Inc. * 590 3,516
Retail grocery - 0.08%    
PriceSmart, Inc. 253 3,456
Spartan Stores, Inc. 600 14,232
The Great Atlantic & Pacific Tea Company,    
Inc. * 743 3,864
United Natural Foods, Inc. * 1,719 30,959
Winn-Dixie Stores, Inc. * 2,285 34,161
    86,672
Retail Trade - 5.81%    
99 Cents Only Stores * 2,069 22,304
Aaron Rents, Inc., Class B 16,035 423,805
Aeropostale, Inc. * 19,745 298,544
Big Lots, Inc. * 3,433 60,146
BJ's Wholesale Club, Inc. * 880 31,486
Casey's General Stores, Inc. 2,030 60,190
Cash America International, Inc. 1,228 33,168
Chico's FAS, Inc. * 307,068 783,023
Children's Place Retail Stores, Inc. * 12,644 296,502
Christopher & Banks Corp. 1,492 5,028
Citi Trends, Inc. * 423 5,203
Coldwater Creek, Inc. * 2,697 5,178
Dick's Sporting Goods, Inc. * 3,598 45,371
DSW, Inc., Class A * 178 1,789
Finish Line, Inc. 37,610 199,709
First Cash Financial Services, Inc. * 16,703 257,560
Fossil, Inc. * 2,046 31,099
Gaiam, Inc., Class A * 712 3,660
Hibbett Sports, Inc. * 1,201 17,102
J. Crew Group, Inc. * 1,708 17,319
Kohl's Corp. * 35,000 1,143,100
Lumber Liquidators, Inc. * 452 4,285
MSC Industrial Direct Company, Inc., Class A 1,891 65,448
NBTY, Inc. * 2,341 34,108
New York & Company, Inc. * 980 1,842
NexCen Brands, Inc. * 1,214 121
Pacific Sunwear of California, Inc. * 1,519 2,294
Pier 1 Imports, Inc. * 1,634 1,454
Rite Aid Corp. * 14,076 7,320
Shoe Carnival, Inc. * 15,783 148,045
Spectrum Brands, Inc. * 1,447 275
Stein Mart, Inc. 351 548
Systemax, Inc. * 619 6,054

The accompanying notes are an integral part of the financial statements.
222

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Retail Trade (continued)    
The Buckle, Inc. 9,630 $ 181,622
The Dress Barn, Inc. * 26,504 207,526
The Men's Wearhouse, Inc. 728 7,746
Titan Machinery, Inc. * 538 6,289
Tractor Supply Company * 42,918 1,647,193
Zumiez, Inc. * 811 7,007
    6,070,463
Sanitary Services - 1.41%    
Darling International, Inc. * 3,433 17,165
Nalco Holding Company 5,966 68,072
PMFG, Inc. * 15,119 122,464
Waste Connections, Inc. * 44,784 1,264,252
    1,471,953
Semiconductors - 3.14%    
Actel Corp. * 373 3,454
Advanced Analogic Technologies, Inc. * 204,972 514,480
Advanced Energy Industries, Inc. * 1,411 10,978
American Superconductor Corp. * 1,686 22,070
Amkor Technology, Inc. * 2,506 5,513
Applied Micro Circuits Corp. * 1,383 5,117
Atmel Corp. * 17,872 50,042
ATMI, Inc. * 35,860 427,451
Axcelis Technologies, Inc. * 1,886 1,113
Cabot Microelectronics Corp. * 991 24,547
Cavium Networks, Inc. * 1,034 11,219
Cirrus Logic, Inc. * 2,468 10,415
Conexant Systems, Inc. * 904 922
Cree, Inc. * 3,407 54,103
Cymer, Inc. * 24,183 568,059
Cypress Semiconductor Corp. * 6,352 23,693
Diodes, Inc. * 1,291 6,029
Exar Corp. * 573 3,862
FormFactor, Inc. * 1,963 26,559
GSI Group, Inc. * 1,077 1,152
Hittite Microwave Corp. * 725 21,185
Kulicke & Soffa Industries, Inc. * 2,274 3,206
Lattice Semiconductor Corp. * 3,216 4,888
Mattson Technology, Inc. * 2,095 3,771
Micrel, Inc. 2,254 16,680
Microsemi Corp. * 3,319 64,687
Monolithic Power Systems, Inc. * 5,990 57,324
Netlogic Microsystems, Inc. * 724 13,495
O2Micro International, Ltd., ADR * 60,963 159,114
OmniVision Technologies, Inc. * 2,158 12,948
ON Semiconductor Corp. * 10,670 31,156
Pericom Semiconductor Corp. * 11,363 61,474
PMC-Sierra, Inc. * 47,842 191,846
QLogic Corp. * 3,634 38,593
Rambus, Inc. * 3,971 40,941
Rubicon Technology, Inc. * 461 2,102
Semtech Corp. * 28,634 324,137
Silicon Image, Inc. * 3,095 11,699
Silicon Laboratories, Inc. * 1,955 40,977
Silicon Motion Technology Corp., ADR * 46,010 134,349
Spansion, Inc. * 1,549 387

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Semiconductors (continued)    
Techwell, Inc. * 19,412 $ 107,737
Teradyne, Inc. * 4,716 17,874
Tessera Technologies, Inc. * 2,047 37,624
Triquint Semiconductor, Inc. * 6,050 15,609
Varian Semiconductor Equipment Associates,    
Inc. * 3,133 57,647
Veeco Instruments, Inc. * 1,284 7,614
Verigy, Ltd. * 2,535 23,347
    3,273,189
Software - 4.36%    
ACI Worldwide, Inc. * 945 14,836
Advent Software, Inc. * 790 17,617
Allscripts Healthcare Solution, Inc. * 2,410 18,557
American Reprographics Company * 1,539 12,050
ANSYS, Inc. * 15,780 455,411
AsiaInfo Holdings, Inc. * 1,245 13,732
Aspen Technology, Inc. * 30,105 209,230
Blackbaud, Inc. 1,889 23,613
Blackboard, Inc. * 1,241 30,566
Bottomline Technologies, Inc. * 7,881 53,591
Commvault Systems, Inc. * 79,718 817,110
Concur Technologies, Inc. * 1,774 48,696
Deltek, Inc. * 392 1,882
DivX, Inc. * 756 3,644
Ebix, Inc. * 9,701 251,498
Eclipsys Corp. * 2,064 27,080
Epicor Software Corp. * 2,257 9,254
EPIQ Systems, Inc. * 30,276 491,682
FARO Technologies, Inc. * 671 9,656
Genpact, Ltd. * 2,050 16,256
Igate Corp. * 908 5,539
Innerworkings, Inc. * 1,335 7,489
Lawson Software, Inc. * 2,763 10,831
Manhattan Associates, Inc. * 1,040 15,964
ManTech International Corp. * 6,568 357,431
MedAssets, Inc. * 1,032 13,106
MicroStrategy, Inc., Class A * 385 13,737
Monotype Imaging Holdings, Inc. * 798 4,309
MSC Software Corp. * 1,901 14,258
MSCI, Inc. * 2,954 45,580
NetSuite, Inc. * 638 5,531
Novell, Inc. * 5,208 23,696
Omnicell, Inc. * 1,392 15,785
Omniture, Inc. * 2,279 22,653
Progress Software Corp. * 876 18,641
Quality Systems, Inc. 751 22,583
Quest Software, Inc. * 2,853 38,088
Riverbed Technology, Inc. * 2,277 21,381
Soapstone Networks, Inc. * 50,188 110,414
Solera Holdings, Inc. * 17,423 340,968
SPSS, Inc. * 754 18,428
Sybase, Inc. * 13,512 332,936
Synchronoss Technologies, Inc. * 904 6,346
Take-Two Interactive Software, Inc. * 1,623 19,719
Taleo Corp. * 938 6,059
THQ, Inc. * 2,823 13,381

The accompanying notes are an integral part of the financial statements.
223

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Software (continued)    
Tradestation Group, Inc. * 1,293  $ 9,077
Ultimate Software Group, Inc. * 9,684 148,262
VeriFone Holdings, Inc. * 1,832 7,530
Websense, Inc. * 22,279 360,251
    4,555,934
Steel - 0.40%    
Carpenter Technology Corp. 1,920 31,987
Olympic Steel, Inc. 7,803 136,553
Schnitzer Steel Industries, Inc. 9,315 251,505
    420,045
Telecommunications Equipment &    
Services - 6.21%    
ADTRAN, Inc. 15,555 220,881
Airvana, Inc. * 952 4,493
Amdocs, Ltd. * 75,600 1,420,524
American Tower Corp., Class A * 44,300 1,206,732
Aruba Networks, Inc. * 2,322 5,503
Atheros Communications, Inc. * 2,505 36,573
Cbeyond Communications, Inc. * 976 14,845
Centennial Communications Corp., Class A * 3,444 26,622
Ciena Corp. * 3,681 27,239
Clearwire Corp., Class A * 2,603 17,232
CommScope, Inc. * 2,949 33,294
Comtech Telecommunications Corp. * 8,722 413,684
EchoStar Corp. * 1,776 30,316
FiberTower Corp. * 2,780 1,529
Finisar Corp. * 13,847 6,093
General Communication, Inc., Class A * 955 7,478
GeoEye, Inc. * 18,008 359,980
Global Crossing, Ltd. * 1,058 8,115
Globalstar, Inc. * 2,274 478
Globecomm Systems, Inc. * 33,306 172,858
Harmonic, Inc. * 3,974 20,466
Hughes Communications, Inc. * 413 7,227
ICO Global Communications Holdings, Ltd. * 3,996 6,793
Infinera Corp. * 3,152 30,764
InterDigital, Inc. * 1,915 50,786
J2 Global Communications, Inc. * 1,875 36,600
MRV Communications, Inc. * 2,886 1,760
NeuStar, Inc., Class A * 3,277 62,755
Neutral Tandem, Inc. * 740 10,885
NICE Systems, Ltd., ADR * 15,737 350,935
NTELOS Holdings Corp. 713 15,836
Oplink Communications, Inc. * 20,917 157,923
OpNext, Inc. * 986 2,041
Orbcomm, Inc. * 1,097 2,029
PAETEC Holding Corp. * 4,455 6,460
Polycom, Inc. * 3,696 69,596
Premiere Global Services, Inc. * 135,513 826,629
RCN Corp. * 1,608 11,224
SAVVIS, Inc. * 1,242 9,775
SBA Communications Corp. * 4,133 65,260
Shenandoah Telecommunications Company 513 12,753
Sonus Networks, Inc. * 11,474 17,785
Starent Networks Corp. * 29,518 293,704

Smaller Company Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunications Equipment &      
Services (continued)      
Tekelec, Inc. *   26,680 $ 326,830
TerreStar Corp. *   1,950 839
TW Telecom, Inc. *   5,909 45,086
Viasat, Inc. *   1,161 24,880
Vonage Holdings Corp. *   2,861 3,004
      6,485,094
Tires & Rubber - 0.00%      
Myers Industries, Inc.   599 3,642
Tobacco - 0.01%      
Alliance One International, Inc. *   1,944 6,026
Toys, Amusements & Sporting Goods - 0.25%    
Jakks Pacific, Inc. *   11,028 197,401
Marvel Entertainment, Inc. *   2,160 63,612
      261,013
Transportation - 0.47%      
American Commercial Lines, Inc. *   1,710 7,644
Atlas Air Worldwide Holdings, Inc. *   296 4,529
DryShips, Inc.   19,390 105,481
Excel Maritime Carriers, Ltd.   15,430 88,105
Genco Shipping & Trading, Ltd.   5,954 54,241
Horizon Lines, Inc.   364 1,456
Kirby Corp. *   2,162 54,980
Marten Transport, Ltd. *   6,460 121,771
PHI, Inc. *   521 6,434
Universal Truckload Services, Inc. *   272 4,907
UTI Worldwide, Inc.   3,783 40,554
      490,102
Travel Services - 0.01%      
Ambassadors Group, Inc.   677 6,134
Trucking & Freight - 3.28%      
Arkansas Best Corp.   6,815 180,938
Celadon Group, Inc. *   33,133 255,455
Forward Air Corp.   1,216 28,114
Heartland Express, Inc.   19,645 303,319
Hub Group, Inc., Class A *   9,762 260,645
Knight Transportation, Inc.   2,526 39,810
Landstar Systems, Inc.   45,125 1,450,318
Navistar International Corp. *   30,300 662,055
Old Dominion Freight Lines, Inc. *   10,307 245,307
      3,425,961
Utility Service - 0.01%      
Cal Dive International, Inc. *   2,012    12,293
TOTAL COMMON STOCKS (Cost $113,985,481)     $ 99,568,050
 
SHORT TERM INVESTMENTS - 1.59%    
Federal Home Loan Bank Consolidated Discount    
Notes      
zero coupon due 12/01/2008  $ 1,660,000    $ 1,660,000
TOTAL SHORT TERM INVESTMENTS       
(Cost $1,660,000)      $ 1,660,000

The accompanying notes are an integral part of the financial statements.
224

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Smaller Company Growth Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 4.03%      
Repurchase Agreement with State      
Street Corp. dated 11/30/2008 at      
0.05% to be repurchased at      
$4,209,018 on 12/1/2008,      
collateralized by $3,935,000      
Federal Home Loan Bank, 5% due      
12/21/2015 (valued at $4,298,988,      
including interest)  $  4,209,000    $ 4,209,000
TOTAL REPURCHASE AGREEMENTS        
(Cost $4,209,000)        $ 4,209,000
Total Investments (Smaller Company Growth Fund)    
(Cost $119,854,481) - 100.99%   $ 105,437,050
Liabilities in Excess of Other Assets - (0.99)%     (1,036,625)
TOTAL NET ASSETS - 100.00%    $ 104,400,425

Spectrum Income Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 16.06%    
Aerospace - 0.14%    
Boeing Company 29,400 $ 1,253,322
Aluminum - 0.07%    
Alcoa, Inc. 55,700 599,332
Auto Parts - 0.12%    
Genuine Parts Company 26,700 1,045,305
Automobiles - 0.02%    
Ford Motor Company * 78,600 211,434
Banking - 0.83%    
Allied Irish Banks PLC - London Exchange 81,125 279,430
Bank of America Corp. 74,914 1,217,353
Fifth Third Bancorp 80,200 766,712
KeyCorp 72,000 675,360
Marshall & Ilsley Corp. (a) 21,300 329,085
National City Corp. 85,200 171,252
SunTrust Banks, Inc. 53,500 1,697,555
U.S. Bancorp 90,900 2,452,482
    7,589,229
Biotechnology - 0.21%    
Amgen, Inc. * 34,700 1,927,238
Broadcasting - 0.03%    
CBS Corp., Class B 34,650 230,769
Sirius XM Radio, Inc. * 48,530 10,109
    240,878
Building Materials & Construction - 0.09%    
Masco Corp. 87,800 841,124
Business Services - 0.23%    
Computer Sciences Corp. * 32,100 894,306
H & R Block, Inc. 64,000 1,224,320
    2,118,626
Cable & Television - 0.07%    
Cablevision Systems Corp., Class A 40,600 595,196

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Chemicals - 0.13%    
E.I. Du Pont de Nemours & Company 47,800 $ 1,197,868
Coal - 0.05%    
CONSOL Energy, Inc. 15,300 443,241
Computers & Business Equipment - 0.16%    
Cisco Systems, Inc. * 29,500 487,930
Dell, Inc. * 83,200 929,344
    1,417,274
Construction Materials - 0.19%    
USG Corp. * (a) 30,100 284,445
Vulcan Materials Company (a) 24,100 1,445,518
    1,729,963
Cosmetics & Toiletries - 0.30%    
Colgate-Palmolive Company 5,300 344,871
International Flavors & Fragrances, Inc. 35,400 1,081,116
Kimberly-Clark Corp. 22,400 1,294,496
    2,720,483
Crude Petroleum & Natural Gas - 0.16%    
Sunoco, Inc. 36,500 1,450,510
Drugs & Health Care - 0.20%    
Wyeth 50,800 1,829,308
Electrical Equipment - 0.08%    
Cooper Industries, Ltd., Class A 23,900 576,946
General Cable Corp. * (a) 6,650 109,792
    686,738
Electrical Utilities - 0.61%    
Entergy Corp. 12,800 1,089,280
FirstEnergy Corp. 16,000 937,280
PG&E Corp. 26,700 1,015,668
Pinnacle West Capital Corp. 26,700 811,680
Teco Energy, Inc. 27,200 353,600
Xcel Energy, Inc. 69,870 1,314,255
    5,521,763
Electronics - 0.08%    
Harman International Industries, Inc. 17,700 266,385
Tyco Electronics, Ltd. 29,400 484,512
    750,897
Energy - 0.32%    
Duke Energy Corp. 81,590 1,269,540
NRG Energy, Inc. * 10,700 253,483
Progress Energy, Inc. 33,950 1,347,476
    2,870,499
Financial Services - 1.99%    
American Express Company 66,600 1,552,446
Bank of New York Mellon Corp. 68,400 2,066,364
Capital One Financial Corp. 38,500 1,324,785
Citigroup, Inc. 59,500 493,255
Goldman Sachs Group, Inc. 15,200 1,200,648
Janus Capital Group, Inc. 26,900 219,235
JPMorgan Chase & Company 156,850 4,965,871
Legg Mason, Inc. 13,400 241,468
Merrill Lynch & Company, Inc. 85,982 1,136,682
Merrill Lynch & Company, Inc. * 36,752 437,273

The accompanying notes are an integral part of the financial statements.
225

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
SLM Corp. * 101,600 $ 935,736
UBS AG * 48,451 605,314
Wells Fargo & Company 101,600 2,935,224
    18,114,301
Food & Beverages - 0.53%    
B&G Foods, Inc. 21,500 222,095
Hershey Company 74,800 2,692,800
Kraft Foods, Inc., Class A 47,100 1,281,591
McCormick & Company, Inc. 21,400 637,078
    4,833,564
Forest Products - 0.06%    
Weyerhaeuser Company 13,300 500,346
Gas & Pipeline Utilities - 0.19%    
NiSource, Inc. 92,000 1,108,600
Spectra Energy Corp. 40,300 655,278
Williams Companies, Inc. 270 4,379
    1,768,257
Healthcare Products - 0.17%    
Johnson & Johnson 26,700 1,564,086
Healthcare Services - 0.07%    
WellPoint, Inc. * 18,700 665,720
Homebuilders - 0.04%    
D.R. Horton, Inc. 46,200 317,394
Hotels & Restaurants - 0.06%    
Marriott International, Inc., Class A 32,000 537,280
Household Appliances - 0.17%    
Black & Decker Corp. 12,700 538,988
Whirlpool Corp. 26,600 1,047,508
    1,586,496
Household Products - 0.31%    
Fortune Brands, Inc. 48,100 1,818,180
Newell Rubbermaid, Inc. 74,800 999,328
    2,817,508
Industrial Machinery - 0.11%    
Deere & Company 29,600 1,030,376
Insurance - 0.62%    
Chubb Corp. 16,100 826,896
Hartford Financial Services Group, Inc. 5,100 43,095
Lincoln National Corp. 48,100 660,413
Marsh & McLennan Companies, Inc. 89,900 2,292,450
Progressive Corp. 49,600 744,992
The Travelers Companies, Inc. 24,000 1,047,600
    5,615,446
International Oil - 2.03%    
Anadarko Petroleum Corp. 32,500 1,334,125
BP PLC, SADR 39,900 1,942,731
Chevron Corp. 64,100 5,064,541
Exxon Mobil Corp. 64,100 5,137,615
Murphy Oil Corp. 38,400 1,691,520
Royal Dutch Shell PLC, ADR 61,500 3,287,175
    18,457,707

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Internet Content - 0.09%    
Yahoo!, Inc. * 74,800 $ 860,948
Internet Retail - 0.06%    
eBay, Inc. * 43,000 564,590
Leisure Time - 0.23%    
Lakes Gaming, Inc. * 22,900 71,677
MGM Mirage, Inc. * (a) 41,700 499,566
Walt Disney Company 66,800 1,504,336
WPT Enterprises, Inc. * 10,969 4,058
    2,079,637
Manufacturing - 1.22%    
3M Company 40,100 2,683,893
Eaton Corp. 10,200 472,668
General Electric Company 272,600 4,680,542
Harley-Davidson, Inc. 34,600 588,546
Honeywell International, Inc. 34,700 966,742
Illinois Tool Works, Inc. 50,800 1,733,296
    11,125,687
Mining - 0.01%    
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 3,475 83,365
Multimedia - 0.16%    
Time Warner, Inc. 163,000 1,475,150
Office Furnishings & Supplies - 0.13%    
Avery Dennison Corp. 37,400 1,163,140
Paper - 0.23%    
International Paper Company 106,370 1,324,307
MeadWestvaco Corp. 50,820 592,561
WPP PLC 26,800 149,612
    2,066,480
Petroleum Services - 0.13%    
BJ Services Company 27,700 332,123
Schlumberger, Ltd. 17,100 867,654
    1,199,777
Pharmaceuticals - 0.83%    
Abbott Laboratories 16,000 838,240
Bristol-Myers Squibb Company 69,100 1,430,370
Eli Lilly & Company 44,500 1,519,675
Merck & Company, Inc. 64,100 1,712,752
Pfizer, Inc. 122,415 2,011,278
    7,512,315
Photography - 0.03%    
Eastman Kodak Company (a) 37,400 283,118
Publishing - 0.26%    
Gannett Company, Inc. (a) 32,300 281,333
McGraw-Hill Companies, Inc. 61,500 1,537,500
The New York Times Company, Class A (a) 73,200 551,928
    2,370,761
Real Estate - 0.00%    
Weingarten Realty Investors, REIT 1,271 18,125
Retail Grocery - 0.02%    
Whole Foods Market, Inc. (a) 17,200 181,976

The accompanying notes are an integral part of the financial statements.
226

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Retail Trade - 0.50%    
Bed Bath & Beyond, Inc. * 63,800 $ 1,294,502
Home Depot, Inc. 104,200 2,408,062
Macy's, Inc. 38,900 288,638
Tiffany & Company 26,600 526,414
    4,517,616
Semiconductors - 0.23%    
Analog Devices, Inc. 53,500 914,850
Applied Materials, Inc. 43,000 411,940
Intel Corp. 53,200 734,160
    2,060,950
Software - 0.21%    
Microsoft Corp. 96,200 1,945,164
Steel - 0.15%    
Nucor Corp. 38,500 1,373,680
Telecommunications Equipment &    
Services - 0.09%    
Alcatel-Lucent, SADR * 134,400 287,616
Vodafone Group PLC 255,800 501,742
    789,358
Telephone - 0.77%    
AT&T, Inc. 130,520 3,727,651
Qwest Communications International, Inc. (a) 267,300 855,360
Sprint Nextel Corp. 219,375 612,056
Verizon Communications, Inc. 55,800 1,821,870
    7,016,937
Tobacco - 0.00%    
UST, Inc. 120 8,250
Toys, Amusements & Sporting Goods - 0.10%    
Mattel, Inc. 66,800 913,156
Trucking & Freight - 0.17%    
United Parcel Service, Inc., Class B    26,700   1,537,920
TOTAL COMMON STOCKS (Cost $203,938,568)     $ 145,996,809
   
PREFERRED STOCKS - 0.15%    
Banking - 0.04%    
Bank of America Corp., Series L, 7.25% 550 332,750
Broadcasting - 0.01%    
Spanish Broadcasting System, Series    
B, 10.75% 308 77,000
Financial Services - 0.06%    
Citigroup, Inc., Series T, 6.50% 16,550 425,335
Federal Home Loan Mortgage Corp., Series Z * 7,400 5,550
Federal National Mortgage Association,    
Series 08-1 * 26,100 48,024
Federal National Mortgage Association,    
Series S * 6,125 6,676
XL Capital Ltd, Series C, 6.102% 8,000 64,960
    550,545

Spectrum Income Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
PREFERRED STOCKS (continued)    
Telecommunications Equipment &    
Services - 0.04%    
Lucent Technologies Capital Trust I, 7.75%   1,400  $ 378,868
TOTAL PREFERRED STOCKS (Cost $4,538,381)      $ 1,339,163
 
TERM LOANS - 2.08%    
Auto Parts - 0.06%    
Allison Transmission, Inc.    
4.996% due 08/07/2014 250,000 148,929
Goodyear Tire & Rubber Company    
2.90% due 04/30/2014 (b) 250,000 155,000
Rental Service Corp., Series B3    
7.699% due 11/30/2013 (b) 397,920 222,669
    526,598
 
Automobiles - 0.04%    
Ford Motor Company    
4.430% due 12/15/2013 (b) 999,365 365,482
Biotechnology - 0.02%    
Invitrogen Corp.    
6.21% due 06/11/2015 250,000 227,707
Broadcasting - 0.05%    
Clear Channel Communications, Inc.    
5.086% due 11/13/2015 750,000 451,252
Business Services - 0.09%    
First Data Corp.    
4.345% due 09/24/2014 (b) 1,240,000 838,550
Cable & Television - 0.22%    
CSC Holdings, Inc.    
3.814% due 02/24/2012 493,243 428,135
Discovery Communications, Inc.    
5.762% due 05/14/2014 500,000 404,167
Mediacom Broadband LLC    
6.50% due 11/30/2015 (b) 498,750 400,662
Univision Communications, Inc.    
3.686% due 09/29/2014 (b) 250,000 111,750
Weather Channel Company    
7.250% due 07/25/2015 750,000 643,125
    1,987,839
 
Cellular Communications - 0.23%    
Alltel Communications, Inc.    
4.122% due 05/15/2015 (b) 1,743,089 1,650,487
Cricket Communications, Inc.    
7.262% due 06/16/2013 250,000 203,828
MetroPCS Wireless, Inc., Series B3    
4.843% due 02/20/2014 (b) 250,000 193,688
    2,048,003
 
Chemicals - 0.02%    
Celanese Holdings LLC    
5.553% due 03/30/2014 (b) 248,737 196,503
Commercial Services - 0.04%    
Aramark Corp., Tranche B    
5.448% due 01/26/2014 (b) 440,892 349,297
Computers & Business Equipment - 0.05%    
Palm, Inc.    
7.27% due 04/24/2014 (b) 990,000 445,500

The accompanying notes are an integral part of the financial statements.
227

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Containers & Glass - 0.06%      
Graham Packaging Company      
5.509% due 10/07/2011 $ 750,000 $ 569,767
Educational Services - 0.03%      
Laureate Education, Inc.      
4.649% due 08/17/2014 (b)   494,552 312,804
4.649% due 08/17/2014 (b)   548 351
      313,155
 
Electrical Utilities - 0.08%      
Calpine Corp.      
6.645% due 03/29/2014 (b)   994,987 689,167
Energy - 0.11%      
Dresser, Inc.      
7.986% due 05/14/2015 (b)   1,250,000 756,250
Mirant North America LLC      
3.161% due 01/03/2013 (b)   248,418 201,425
      957,675
 
Financial Services - 0.07%      
Nuveen Investments, Inc.      
5.238% due 11/09/2014 (b)   248,750 113,537
Pinnacle Foods Finance LLC      
6.423% due 04/02/2014 (b)   746,222 503,078
      616,615
 
Food & Beverages - 0.13%      
William Wrigley Jr. Company      
7.75% due 09/30/2014   1,250,000 1,161,221
Gas & Pipeline Utilities - 0.04%      
Venoco, Inc., 2nd Lien      
6.25% due 05/08/2014 (b)   500,000 325,000
Healthcare Products - 0.04%      
Bausch & Lomb, Inc.      
7.012% due 02/26/2015 (b)   250,000 185,625
Biomet, Inc.      
6.762% due 03/25/2015   250,000 203,203
      388,828
 
Healthcare Services - 0.07%      
DaVita, Inc.      
5.834% due 10/05/2011   250,000 225,000
Healthsouth Corp.      
4.27% due 03/10/2013 (b)   228,241 177,647
Iasis Healthcare Corp.      
8.758% due 03/15/2014 (b)   549,141 274,571
      677,218
 
Insurance - 0.02%      
HUB International Holdings, Inc.      
6.262% due 06/13/2014 (b)   248,767 151,126
Leisure Time - 0.12%      
MGM Mirage, Inc.      
3.435% due 10/03/2011   250,000 212,500
Penn National Gaming, Inc.      
6.084% due 10/03/2012   1,000,000 814,063
Town Sports      
4.00% due 08/27/2013 (b)   246,250 110,812
      1,137,375

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Medical-Hospitals - 0.14%      
Community Health Systems, Inc.      
4.394% due 07/25/2014 (b)(l) $ 250,000 $ 183,555
HCA, Inc.      
5.762% due 11/18/2012 (b)   728,587 573,307
5.762% due 11/18/2012 (b)   731,253 544,834
      1,301,696
Paper - 0.04%      
Domtar Corp.      
3.779% due 03/07/2014 (b)   239,470 179,868
Georgia-Pacific Corp.      
3.323% due 12/20/2012 (b)   239,167 183,162
      363,030
Publishing - 0.05%      
Nielsen Finance LLC      
4.7344% due 08/09/2013 (b)   497,463 331,226
Penton Media Bank, Series B1      
5.665% due 02/01/2013 (b)   246,250 116,969
      448,195
 
Software - 0.01%      
Infor Global Solutions      
10.012% due 03/15/2014 (b)   500,000 90,625
Telecommunications Equipment &      
Services - 0.16%      
Fairpoint Communications, Inc.      
6.313% due 03/31/2014   750,000 468,000
Trilogy International Partners      
7.262% due 06/27/2012 (b)   500,000 200,000
West Corp.      
5.182% due 10/24/2013   500,000 365,000
Wind Acquisition Finance SA, Series B      
11.753% due 12/07/2011 (b)   616,257 419,055
      1,452,055
Utility Service - 0.09%      
Texas Competitive Electric LLC      
4.466% due 10/10/2014 (b)   1,243,719   840,202
TOTAL TERM LOANS (Cost $24,851,176)    $ 18,919,681
 
U.S. TREASURY OBLIGATIONS - 4.63%    
Treasury Inflation Protected      
Securities (d) - 0.82%      
1.375% due 07/15/2018 (a)   3,343,173 2,993,968
1.625% due 01/15/2018   234,986 209,009
1.75% due 01/15/2028   673,625 555,320
1.875% due 07/15/2015   179,974 159,502
2.00% due 04/15/2012 to 01/15/2016   1,455,919 1,352,160
2.00% due 07/15/2014 (a)   2,437,533 2,173,212
      7,443,171
U.S. Treasury Bonds - 1.93%      
4.50% due 02/15/2036   17,000 19,707
4.75% due 02/15/2037 (a)   3,800,000 4,614,625
5.50% due 08/15/2028   315,000 391,092
6.00% due 02/15/2026   2,160,000 2,789,437
6.125% due 08/15/2029   2,365,000 3,164,666
6.375% due 08/15/2027   980,000 1,325,144
7.125% due 02/15/2023 (a)   2,180,000 2,973,315

The accompanying notes are an integral part of the financial statements.
228

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS      
(continued)      
U.S. Treasury Bonds (continued)      
7.25% due 08/15/2022 $ 1,655,000  $ 2,264,634
      17,542,620
 
U.S. Treasury Notes - 1.79%      
2.00% due 09/30/2010   350,000 356,945
2.875% due 01/31/2013   385,000 408,912
3.125% due 09/30/2013 (a)   8,615,000 9,117,763
4.00% due 08/15/2018   2,985,000 3,254,116
4.50% due 02/15/2009 (a)   2,195,000 2,214,720
4.75% due 08/15/2017   665,000 756,385
4.875% due 06/30/2012   140,000 157,555
      16,266,396
 
U.S. Treasury Strips - 0.09%      
zero coupon due 05/15/2020 to      
05/15/2021    1,430,000   891,157
TOTAL U.S. TREASURY OBLIGATIONS     
(Cost $40,169,150)       $ 42,143,344
  
U.S. GOVERNMENT AGENCY OBLIGATIONS - 26.49%  
Federal Home Loan Bank - 0.26%      
5.125% due 08/14/2013   930,000 1,006,591
5.25% due 06/18/2014   590,000 640,124
5.783% due 10/01/2037 (b)   686,577 692,524
      2,339,239
 
Federal Home Loan Mortgage Corp. - 3.82%    
4.125% due 10/18/2010   1,750,000 1,803,786
4.452% due 07/01/2035 (b)   42,820 42,936
4.50% due 11/01/2018 to 04/01/2023   3,872,187 3,869,715
4.623% due 06/01/2038 (b)   217,081 214,693
4.635% due 07/01/2035 (b)   114,911 114,046
4.682% due 02/01/2035 (b)   178,769 177,512
4.763% due 07/01/2038 (b)   487,427 483,504
5.00% due 01/01/2009 to 12/01/2035   5,849,087 5,899,171
5.056% due 03/01/2036 (b)   511,287 509,948
5.068% due 11/01/2035 (b)   205,227 204,899
5.125% due 07/15/2012   1,960,000 2,100,609
5.133% due 01/01/2036 (b)   1,253,601 1,250,887
5.144% due 09/01/2035 (b)   155,574 155,115
5.273% due 09/01/2032 (b)   6,555 6,649
5.322% due 02/01/2037 (b)   1,484,919 1,488,404
5.342% due 04/01/2037 (b)   585,174 586,614
5.356% due 05/01/2037 (b)   130,057 130,539
5.367% due 01/01/2036 to 02/01/2037 (b) 665,195 667,531
5.413% due 02/01/2038 (b)   438,992 442,009
5.454% due 02/01/2037 (b)   927,070 931,414
5.486% due 06/01/2037 (b)   751,461 753,443
5.50% due 03/01/2018 to 04/01/2029   1,163,500 1,189,919
5.51% due 10/01/2036 (b)   579,676 581,364
5.906% due 02/01/2037 (b)   1,029,839 1,037,168
5.955% due 01/01/2037 (b)   232,839 234,963
5.977% due 12/01/2036 (b)   622,586 627,472
5.99% due 11/01/2036 (b)   605,251 610,289
6.00% due 06/15/2011 to 08/01/2038   5,410,552 5,598,206
6.026% due 10/01/2036 (b)   832,332 838,263
6.121% due 10/01/2036 (b)   682,110 688,883
6.205% due 08/01/2036 (b)   833,597 844,057
6.50% due 05/01/2017 to 01/01/2036   600,577 619,660

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Federal Home Loan Mortgage Corp.      
(continued)      
7.00% due 02/01/2024 to 06/01/2032 $ 43,537 $ 45,376
7.50% due 05/01/2024 to 06/01/2024   4,792 5,025
10.50% due 05/01/2019   235 270
      34,754,339
 
Federal National Mortgage      
Association - 10.06%      
3.965% due 07/01/2027   1,568 1,563
4.375% due 09/15/2012 to 10/15/2015   1,235,000 1,284,779
4.486% due 10/01/2033   111,919 110,960
4.50% due 05/01/2019 to 09/01/2035   5,042,086 5,052,544
4.568% due 07/01/2035 (b)   138,502 137,517
4.625% due 10/15/2014   780,000 824,824
4.781% due 09/01/2035 (b)   506,850 503,997
4.826% due 04/01/2038 (b)   236,911 236,367
4.854% due 05/01/2038 (b)   139,821 139,671
4.855% due 05/01/2038 (b)   442,174 441,114
4.875% due 12/15/2016   350,000 368,254
4.875% due 05/01/2038 (b)   399,685 399,147
4.894% due 11/01/2035 (b)   171,085 170,093
4.898% due 08/01/2038 (b)   491,387 491,044
5.00% due 01/01/2009 to 02/01/2036   14,362,932 14,545,647
5.311% due 12/01/2035 (b)   178,977 179,779
5.327% due 12/01/2035   222,501 223,502
5.415% due 09/01/2037 (b)   461,978 464,947
5.463% due 06/01/2037 (b)   136,246 137,406
5.487% due 01/01/2019 (b)   1,022 1,025
5.50% due 07/01/2013 to 08/01/2037   28,497,113 29,034,146
5.531% due 12/01/2035 (b)   320,357 322,055
5.535% due 07/01/2036 to 01/01/2037 (b) 1,438,763 1,446,133
5.62% due 10/01/2035   379,851 383,115
5.655% due 12/01/2035 (b)   87,116 87,689
5.796% due 08/01/2037 to 11/01/2037 (b) 1,221,795 1,236,226
5.979% due 08/01/2036 to 09/01/2036 (b) 996,959 1,008,497
6.00% due 05/15/2011 to 09/01/2038   19,893,005 20,444,096
6.034% due 12/01/2036 (b)   491,718 497,265
6.50% due 06/01/2013 to 04/01/2038   8,608,828 8,872,394
6.5118% due 02/17/2009 (b)   260,000 257,075
7.00% due 12/01/2029 to 04/01/2037   87,458 90,978
7.125% due 06/15/2010 to 01/15/2030   1,840,000 2,074,113
      91,467,962
 
Government National Mortgage      
Association - 12.35%      
4.00% due 09/15/2018   542,603 533,383
4.50% due 09/15/2018 to 05/20/2036   5,054,023 4,986,922
5.00% due 02/15/2018 to 11/15/2038   27,390,411 27,973,581
5.50% due 02/15/2029 to 10/15/2038   38,122,998 38,885,516
6.00% due 03/20/2009 to 10/15/2038   24,474,571 25,069,850
6.50% due 07/15/2009 to 09/15/2038   11,823,692 12,350,967
7.00% due 04/15/2017 to 10/20/2036   2,315,592 2,394,706
9.25% due 10/15/2016 to 12/15/2019   4,474 4,967
9.50% due 08/15/2009 to 10/15/2009   775 794
9.75% due 07/15/2017 to 02/15/2021   4,075 4,689
10.25% due 05/15/2020 to 11/15/2020   4,449 5,246
11.75% due 08/15/2013   1,253 1,429
12.00% due 10/15/2010 to 12/15/2012   279 304
12.25% due 03/15/2014 to 07/20/2015   1,160 1,367

The accompanying notes are an integral part of the financial statements.
229

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Government National Mortgage      
Association (continued)      
12.50% due 06/15/2010 $ 1,777 $ 1,889
12.75% due 12/20/2013 to 11/20/2014   937 1,107
6.50% due 03/15/2036   131,310 134,875
          112,351,592
 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $235,899,778)       $ 240,913,132
  
FOREIGN GOVERNMENT OBLIGATIONS - 12.33%  
Argentina - 0.02%      
Republic of Argentina      
7.875% due 04/11/2011   300,000 210,000
Austria - 0.01%      
Republic of Austria      
6.25% due 07/15/2027 EUR 49,000 77,814
Belgium - 0.18%      
Kingdom of Belgium      
3.00% due 03/28/2010   540,000 689,480
4.25% due 09/28/2013   197,000 258,823
5.00% due 03/28/2035   447,000 636,273
      1,584,576
 
Brazil - 1.36%      
Banco Nacional de Desenvolvimento Economico e    
Social      
6.369% due 06/16/2018 $ 270,000 229,500
Federative Republic of Brazil      
6.00% due 01/17/2017   330,000 300,300
6.00% due 05/15/2015 BRL 320,000 204,415
7.125% due 01/20/2037 $ 1,800,000 1,674,000
8.75% due 02/04/2025   475,000 503,500
8.875% due 10/14/2019   500,000 522,500
10.00% due 01/01/2012 BRL 2,450,000 958,790
10.00% due 01/01/2014   6,350,000 2,258,878
10.00% due 01/01/2010   2,337,000 1,005,507
10.00% due 01/01/2017   10,950,000 3,406,048
Brazilian Government International Bond      
11.00% due 08/17/2040 $ 1,100,000 1,280,125
      12,343,563
 
Canada - 0.19%      
Government of Canada      
3.50% due 06/01/2013 CAD 415,000 349,514
5.75% due 06/01/2033   425,000 434,324
Province of Ontario      
5.00% due 03/08/2014   1,045,000 894,570
      1,678,408
 
Colombia - 0.05%      
Republic of Colombia      
7.375% due 01/27/2017 $ 200,000 184,500
7.375% due 09/18/2037   200,000 166,000
7.375% due 09/18/2037   150,000 122,625
      473,125
 
Denmark - 0.07%      
Kingdom of Denmark      
5.00% due 11/15/2013 DKK 3,277,000 591,435

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Denmark (continued)      
Kingdom of Denmark (continued)      
7.00% due 11/10/2024 DKK 364,000 $ 80,334
      671,769
 
France - 1.48%      
Government of France      
3.75% due 01/12/2012 EUR 1,145,000 1,497,345
4.25% due 10/25/2017   5,680,000 7,574,344
4.75% due 10/25/2012   167,000 226,149
5.00% due 10/25/2016   300,000 421,056
5.50% due 04/25/2029   312,000 472,365
5.50% due 04/25/2010   875,000 1,157,989
5.75% due 10/25/2032   1,345,000 2,132,405
      13,481,653
 
Gabon - 0.04%      
Republic of Gabon      
8.20% due 12/12/2017 $ 500,000 328,320
Germany - 0.83%      
Federal Republic of Germany      
3.50% due 04/12/2013 EUR 24,000 31,509
3.75% due 01/04/2017   440,000 580,682
3.75% due 07/04/2013   1,061,000 1,408,242
4.00% due 01/04/2037   463,000 613,812
4.00% due 07/04/2016   678,000 910,550
4.25% due 07/04/2017   95,000 129,747
4.25% due 01/04/2014   320,000 435,889
4.50% due 01/04/2013   250,000 339,595
4.75% due 07/04/2028   230,000 323,850
4.75% due 07/04/2034   575,000 830,153
5.00% due 01/04/2012   1,075,000 1,467,893
5.25% due 01/04/2011   316,000 426,912
      7,498,834
 
Ghana - 0.04%      
Republic of Ghana      
8.50% due 10/04/2017 $ 700,000 348,250
Greece - 0.22%      
Republic of Greece      
5.25% due 05/18/2012 EUR 720,000 942,980
6.00% due 05/19/2010   810,000 1,063,271
      2,006,251
 
Grenada - 0.01%      
Government of Grenada      
2.50 due 09/15/2025 $ 230,000 104,650
Hungary - 0.38%      
Republic of Hungary      
5.50% due 02/12/2014 HUF 184,570,000 728,025
6.75% due 02/24/2017   231,310,000 961,996
7.25% due 06/12/2012   397,510,000 1,724,197
      3,414,218
 
Indonesia - 0.13%      
Republic of Indonesia      
6.625% due 02/17/2037 $ 600,000 312,000
6.75% due 03/10/2014   100,000 76,000
6.875% due 03/09/2017   342,000 225,720
6.875% due 01/17/2018   600,000 399,874

The accompanying notes are an integral part of the financial statements.
230

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Indonesia (continued)      
Republic of Indonesia (continued)      
7.75% due 01/17/2038 $ 300,000 $ 180,000
      1,193,594
 
Iraq - 0.11%      
Republic of Iraq      
5.80% due 01/15/2028   2,500,000 1,000,000
Ireland - 0.01%      
Republic of Ireland      
4.00% due 04/18/2010 EUR 96,000 123,810
Italy - 0.81%      
Republic of Italy      
4.00% due 02/01/2037   1,370,000 1,479,618
4.25% due 08/01/2014   1,302,000 1,678,044
5.25% due 09/20/2016 $ 450,000 488,463
5.25% due 08/01/2017 EUR 1,130,000 1,536,635
5.50% due 11/01/2010   1,570,000 2,076,187
7.25% due 11/01/2026   75,000 120,359
      7,379,306
 
Jamaica - 0.06%      
Government of Jamaica      
9.00% due 06/02/2015 $ 215,000 174,150
10.625% due 06/20/2017   450,000 391,500
      565,650
 
Japan - 3.57%      
Government of Japan      
1.00% due 12/20/2012 JPY 188,500,000 1,986,151
1.00% due 06/10/2016   111,543,600 980,865
1.10% due 12/10/2016   304,249,400 2,684,984
1.10% due 09/10/2016   170,598,400 1,511,948
1.30% due 12/20/2013   505,050,000 5,395,659
1.30% due 03/20/2015   128,300,000 1,372,688
1.40% due 03/21/2011   114,300,000 1,216,338
1.40% due 03/20/2012   188,400,000 2,012,371
1.40% due 03/20/2018   180,250,000 1,900,829
1.40% due 03/10/2018   134,244,000 1,200,849
1.50% due 06/20/2012   426,750,000 4,577,232
1.70% due 09/20/2016   265,050,000 2,906,636
2.00% due 06/20/2022   55,200,000 588,196
2.00% due 12/20/2033   145,750,000 1,463,994
2.20% due 06/22/2020   32,050,000 355,260
2.30% due 06/20/2028   35,200,000 380,989
3.75% due 03/20/2025   188,900,000 1,947,797
      32,482,786
 
Lebanon - 0.03%      
Government of Lebanon      
8.50% due 08/06/2015 $ 250,000 228,438
Malaysia - 0.05%      
Government of Malaysia      
3.702% due 02/25/2013 MYR 805,000 224,937
3.70% due 05/15/2013   866,000 241,691
      466,628
 
Mexico - 0.74%      
Government of Mexico      
5.625% due 01/15/2017 $ 270,000 240,300

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Mexico (continued)      
Government of Mexico (continued)      
7.50% due 06/03/2027 MXN 8,500,000  $ 540,638
7.75% due 12/14/2017   30,073,900 2,060,182
8.00% due 12/24/2008   5,350,000 399,622
8.00% due 12/17/2015   27,815,000 1,960,076
8.125% due 12/30/2019 $ 65,000 68,659
9.00% due 12/20/2012 MXN 4,585,000 343,575
9.00% due 12/24/2009   6,755,000 508,101
9.50% due 12/18/2014   1,260,000 95,923
10.00% due 11/20/2036   6,750,000 542,864
      6,759,940
 
Netherlands - 0.10%      
Kingdom of Netherlands      
4.50% due 07/15/2017 EUR 540,000 730,630
5.50% due 01/15/2028   137,000 205,786
      936,416
 
Pakistan - 0.01%      
Republic of Pakistan      
6.875% due 06/01/2017 $ 200,000 71,000
Peru - 0.05%      
Peruvian Government International Bond      
6.55% due 03/14/2037   580,000 439,350
Poland - 0.04%      
Republic of Poland      
5.25% due 10/25/2017 PLN 397,000 126,940
6.25% due 10/24/2015   765,000 260,082
      387,022
 
Portugal - 0.02%      
Republic of Portugal      
5.15% due 06/15/2011 EUR 118,000 155,961
Russia - 0.30%      
Government of Russia      
7.50% due 03/31/2030 $ 3,268,300 2,712,689
Serbia - 0.10%      
Republic of Serbia      
3.75 due 11/01/2024   1,450,000 903,741
South Africa - 0.11%      
Republic of South Africa      
5.875% due 05/30/2022   300,000 219,000
6.50% due 06/02/2014   585,000 497,250
8.00% due 12/21/2018 ZAR 1,060,000 102,183
13.50% due 09/15/2015   1,650,000 207,150
      1,025,583
 
Spain - 0.07%      
Kingdom of Spain      
4.00% due 01/31/2010 EUR 46,000 59,414
5.75% due 07/30/2032   380,000 579,903
      639,317
 
Sweden - 0.17%      
Kingdom of Sweden      
3.75% due 08/12/2017 SEK 1,660,000 218,281
5.125% due 03/01/2017 $ 425,000 455,065

The accompanying notes are an integral part of the financial statements.
231

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Sweden (continued)      
Kingdom of Sweden (continued)      
5.25% due 03/15/2011 SEK 6,805,000 $ 893,546
      1,566,892
 
Turkey - 0.30%      
Republic of Turkey      
6.875% due 03/17/2036 $ 785,000 549,500
7.00% due 06/05/2020   378,000 287,280
7.00% due 03/11/2019   100,000 80,000
7.375% due 02/05/2025   40,000 32,400
8.00% due 02/14/2034   250,000 205,000
8.00% due 02/14/2034   187,000 154,275
10.00% due 02/15/2012 TRY 825,000 432,964
14.00% due 01/19/2011   79,961 45,663
14.00% due 09/26/2012   1,035,000 556,050
16.00% due 03/07/2012   635,000 364,652
      2,707,784
 
Ukraine - 0.01%      
Republic of Ukraine      
7.65% due 06/11/2013 $ 250,000 128,699
United Kingdom - 0.60%      
Government of United Kingdom      
4.25% due 06/07/2032 GBP 2,161,000 3,228,957
4.50% due 03/07/2013   805,000 1,294,561
4.75% due 06/07/2010   570,000 909,611
      5,433,129
 
Venezuela - 0.03%      
Republic of Venezuela      
7.00% due 03/31/2038 $ 750,000 303,750
Vietnam - 0.03%      
Socialist Republic of Vietnam      
6.875% due 01/15/2016    349,000   268,774
TOTAL FOREIGN GOVERNMENT OBLIGATIONS   
(Cost $124,199,468)      $ 112,101,690
 
CORPORATE BONDS - 27.35%      
Advertising - 0.07%      
Lamar Media Corp.      
6.625% due 08/15/2015 (a)   500,000 362,500
Lamar Media Corp., Series C      
6.625% due 08/15/2015   225,000 163,125
R.H. Donnelley Corp.      
8.875% due 10/15/2017   275,000 37,125
R.H. Donnelley Corp., Series A-2      
6.875% due 01/15/2013   575,000 74,750
R.H. Donnelley Corp., Series A-3      
8.875% due 01/15/2016   150,000 19,500
      657,000
 
Aerospace - 0.39%      
BE Aerospace, Inc.      
8.00% due 06/09/2014   249,375 219,450
8.50% due 07/01/2018   350,000 287,000
GenCorp, Inc.      
9.50% due 08/15/2013   750,000 585,000

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Aerospace (continued)      
Lockheed Martin Corp.      
4.121% due 03/14/2013 $ 440,000  $ 422,571
Northrop Grumman Corp.      
7.125% due 02/15/2011   780,000 806,846
7.75% due 03/01/2016   35,000 37,076
Rolls-Royce Group PLC, EMTN      
4.50% due 03/16/2011 EUR 53,000 65,612
TransDigm, Inc.      
7.75% due 07/15/2014 $ 475,000 361,000
United Technologies Corp.      
5.375% due 12/15/2017   110,000 107,428
5.40% due 05/01/2035   110,000 91,803
6.35% due 03/01/2011   345,000 353,444
Vought Aircraft Industries, Inc.      
8.00% due 07/15/2011   350,000 241,500
      3,578,730
 
Agriculture - 0.07%      
Bunge, Ltd.      
4.375% due 12/15/2008   310,000 309,789
5.90% due 04/01/2017   460,000 321,292
      631,081
 
Air Travel - 0.04%      
Air Jamaica, Ltd.      
9.375% due 07/08/2015   75,000 55,642
Delta Air Lines, Inc.      
6.821% due 08/10/2022   130,891 82,461
Greater Toronto Airports Authority, MTN      
6.25% due 12/13/2012 CAD 47,000 39,688
6.47% due 02/02/2034   40,000 29,729
Southwest Airlines Company      
6.50% due 03/01/2012 $ 160,000 155,913
      363,433
 
Aluminum - 0.02%      
Novelis, Inc.      
7.25% due 02/15/2015   325,000 188,500
Apparel & Textiles - 0.01%      
Polo Ralph Lauren Corp.      
4.50% due 10/04/2013 EUR 50,000 50,261
Auto Parts - 0.19%      
Allison Transmission, Inc.      
11.25% due 11/01/2015 (h) $ 1,050,000 425,250
Commercial Vehicle Group, Inc.      
8.00% due 07/01/2013   375,000 236,250
Goodyear Tire & Rubber Company      
8.625% due 12/01/2011   613,000 457,451
Tenneco Automotive, Inc.      
8.625% due 11/15/2014   275,000 101,750
TRW Automotive, Inc.      
7.00% due 03/15/2014 (h)   250,000 121,250
7.25% due 03/15/2017 (h)   600,000 276,000
United Components, Inc.      
9.375% due 06/15/2013   250,000 130,000
      1,747,951
 
Auto Services - 0.15%      
ERAC USA Finance Company      
5.60% due 05/01/2015 (h)   240,000 168,403

The accompanying notes are an integral part of the financial statements.
232

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Auto Services (continued)      
ERAC USA Finance Company (continued)      
7.95% due 12/15/2009 (h) $ 115,000 $ 109,560
Hertz Corp.      
8.875% due 01/01/2014   450,000 232,313
10.50% due 01/01/2016   500,000 200,000
KAR Holdings, Inc.      
6.8006% due 05/01/2014 (b)   250,000 105,000
10.00% due 05/01/2015   700,000 196,000
United Rentals North America, Inc.      
6.50% due 02/15/2012   475,000 332,500
      1,343,776
 
Automobiles - 0.20%      
DaimlerChrysler N.A. Holding Corp., EMTN      
4.375% due 03/21/2013 EUR 100,000 109,137
DaimlerChrysler N.A. Holding Corp., MTN      
3.6425% due 08/03/2009 (b) $ 655,000 585,973
DaimlerChrysler NA Holding Corp.      
6.50% due 11/15/2013   665,000 499,555
DaimlerChrysler North America Holding      
7.20% due 09/01/2009   160,000 149,002
Fiat Finance & Trade, Ltd.      
6.625% due 02/15/2013 EUR 55,000 49,788
Fiat Finance North America, Inc., EMTN      
5.625% due 06/12/2017   50,000 34,939
Ford Motor Company      
7.45% due 07/16/2031 $ 500,000 125,000
General Motors Corp.      
7.20% due 01/15/2011   350,000 94,500
8.375% due 07/15/2033   850,000 187,000
      1,834,894
 
Banking - 1.81%      
American Express Centurion Bank      
4.375% due 07/30/2009   300,000 291,452
5.55% due 10/17/2012   100,000 89,912
ATF Bank      
9.00% due 05/11/2016   150,000 81,600
ATF Bank, Series REGS      
9.25% due 04/12/2012   50,000 33,710
Australia & New Zealand Banking Group,      
Ltd., EMTN      
4.375% due 05/24/2012 EUR 95,000 114,626
4.45% due 02/05/2015 (b)   84,000 104,759
BAC Capital Trust VI      
5.625% due 03/08/2035 $ 445,000 330,433
Banca Intesa SpA, EMTN      
5.85% due 05/08/2014 (b) EUR 67,000 85,039
Banca Monte dei Paschi di Siena SpA, EMTN    
4.50% due 09/24/2015 (b)   75,000 90,775
4.875% due 05/31/2016   100,000 105,059
Bank of America Corp.      
4.375% due 12/01/2010 $ 200,000 198,847
4.50% due 08/01/2010   150,000 148,946
5.65% due 05/01/2018   1,245,000 1,163,679
5.75% due 08/15/2016   210,000 186,158
Bank of America Corp., EMTN      
4.00% due 03/28/2017 (b) EUR 100,000 100,400
4.625% due 02/18/2014   65,000 77,385
5.25% due 11/09/2016 GBP 100,000 133,904

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
Bank of America Corp., MTN      
4.75% due 05/23/2017 (b) EUR 50,000 $ 54,884
Bank of Ireland      
6.45% due 02/10/2010   49,000 62,623
Bank of Montreal      
5.20% due 06/21/2017 (b) CAD 49,000 38,948
Bank of New York Mellon Corp., MTN      
4.50% due 04/01/2013 $ 315,000 305,302
Bank of Nova Scotia      
8.30% due 09/27/2013 CAD 97,000 90,781
Bank One Corp.      
5.25% due 01/30/2013 $ 200,000 185,691
7.875% due 08/01/2010   310,000 318,787
Banque du Liban, EMTN      
10.00% due 04/25/2015   300,000 294,750
Barclays Bank PLC      
7.40% due 12/15/2009   300,000 287,900
Barclays Bank PLC, EMTN      
5.75% due 03/08/2011 EUR 86,000 109,014
BB&T Capital Trust II      
6.75% due 06/07/2036 $ 180,000 106,777
BNP Paribas, EMTN      
4.75% due 04/04/2011 EUR 100,000 127,817
Credit Agricole SA, EMTN      
5.971% due 01/02/2018   150,000 189,070
Credit Agricole SA, Series TSDI      
5.00 due 06/20/2049 (b) GBP 125,000 125,458
Credit Suisse Group Finance Guernsey, Ltd.      
6.375% due 06/07/2013 EUR 76,000 95,985
Danske Bank A/S, EMTN      
6.00% due 03/20/2016 (b)   145,000 158,582
Deutsche Bank AG      
5.125% due 01/31/2013   35,000 41,463
Deutsche Bank AG, Series EMTN      
4.50% due 03/07/2011   100,000 127,578
Deutsche Genossenschafts-Hypothekenbank AG,    
EMTN      
4.00% due 10/31/2016   800,000 1,021,459
DnB NOR Bank ASA, EMTN      
4.75% due 03/28/2011   75,000 96,841
Eurohypo AG      
4.50% due 01/21/2013 (h)   342,000 447,275
Fifth Third Bancorp      
6.25% due 05/01/2013 $ 275,000 247,062
8.25% due 03/01/2038   150,000 118,000
Fortis Bank SA/NV, EMTN      
5.757% due 10/04/2017 EUR 75,000 87,620
HBOS PLC      
6.00% due 11/01/2033 (h) $ 420,000 266,125
6.05% due 11/23/2049 (b) EUR 70,000 55,140
HBOS PLC, EMTN      
4.375% due 10/30/2019 (b)   59,000 59,213
HSBC Bank PLC, EMTN      
4.25% due 03/18/2016 (b)   71,000 86,788
HSBC Bank USA, Inc.      
4.625% due 04/01/2014 $ 100,000 90,483
HSBC Capital Funding LP      
8.03% due 12/29/2049 (b) EUR 25,000 29,118

The accompanying notes are an integral part of the financial statements.
233

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
HSBC Holdings PLC      
3.625% due 06/29/2020 (b) EUR 75,000 $ 80,211
6.50% due 05/02/2036 $ 175,000 147,001
9.875% due 04/08/2018 GBP 120,000 206,620
HSBK Europe BV      
7.25% due 05/03/2017 $ 100,000 54,038
7.75% due 05/13/2013   140,000 93,135
Hypothekenbank in Essen AG      
3.875% due 11/21/2013 EUR 421,000 538,384
Independence Community Bank Corp.      
3.75% due 04/01/2014 (b) $ 15,000 12,090
ING Bank NV, EMTN      
5.50% due 01/04/2012 EUR 71,000 88,709
Intesa Sanpaolo SpA, EMTN      
4.375% due 06/26/2018 (b)   50,000 58,030
Intesabci Capital Trust      
6.988% due 07/29/2049 (b)   55,000 58,766
Kreditanstalt fuer Wiederaufbau      
4.70% due 06/02/2037 CAD 430,000 325,701
Kreditanstalt fuer Wiederaufbau, EMTN      
7.375% due 01/27/2010 NGN 50,000,000 366,327
8.50% due 01/18/2011   30,000,000 202,849
Kreditanstalt fuer Wiederaufbau, Series EXCH    
5.50% due 12/07/2015 GBP 455,000 749,121
Landwirtschaftliche Rentenbank, Series 7      
3.75% due 06/15/2009 $ 110,000 111,232
MPS Capital Trust I      
7.99% due 12/29/2049 (b) EUR 35,000 37,797
National Australia Bank, Ltd., EMTN      
4.50% due 06/23/2016 (b)   100,000 118,394
NCNB Corp.      
9.375% due 09/15/2009 $ 275,000 281,037
Nordea Bank Finland PLC, EMTN      
5.75% due 03/26/2014 (b) EUR 52,000 66,246
Northern Trust Company, BKNT      
4.60% due 02/01/2013 $ 120,000 114,341
Northern Trust Corp.      
5.30% due 08/29/2011   144,000 142,582
5.50% due 08/15/2013   215,000 211,581
PNC Funding Corp.      
5.625% due 02/01/2017   195,000 178,977
7.50% due 11/01/2009   265,000 262,414
Rabobank Nederland, EMTN      
3.125% due 07/19/2010 EUR 75,000 95,353
4.25% due 01/16/2017   100,000 124,714
Royal Bank of Canada      
5.00% due 01/20/2014 CAD 99,000 80,726
5.75% due 07/25/2011   50,000 64,070
Royal Bank of Scotland Group PLC, Series EMTN    
5.25% due 05/15/2013 EUR 60,000 75,234
Royal Bank of Scotland PLC, EMTN      
6.00% due 05/10/2013   40,000 49,192
6.00 due 06/29/2049 (b) GBP 104,000 120,902
Sanpaolo IMI SpA, EMTN      
3.75% due 06/09/2015 (b) EUR 64,000 79,234
Santander Issuances SA, EMTN      
4.75% due 05/29/2019 (b)   100,000 108,656
Shinsei Bank, Ltd.      
3.75% due 02/23/2016 (b)   80,000 36,103

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
Standard Chartered Bank, EMTN      
3.625% due 02/03/2017 (b) EUR 210,000  $ 233,843
Sumitomo Mitsui Banking Corp.      
4.375% due 07/29/2049 (b)   100,000 77,572
5.625% due 07/29/2049 (b)(h) $ 200,000 150,276
SunTrust Banks, Inc.      
7.75% due 05/01/2010   250,000 258,676
Svenska Handelsbanken, EMTN      
6.125% due 03/29/2049 (b) GBP 49,000 67,824
Toronto-Dominion Bank, EMTN      
4.875% due 01/23/2013 EUR 100,000 122,602
Toronto-Dominion Bank, MTN      
5.69% due 06/03/2018 (b) CAD 119,000 95,771
UniCredito Italiano SpA, EMTN      
5.75% due 09/26/2017 EUR 95,000 105,637
6.10% due 02/28/2012   52,000 63,196
US Bancorp, MTN, Series P      
4.50% due 07/29/2010 $ 190,000 188,522
US Bank NA, BKNT      
6.375% due 08/01/2011   400,000 400,904
VTB Capital SA      
6.875% due 05/29/2018   150,000 90,383
Wachovia Corp.      
5.75% due 02/01/2018   310,000 279,387
Westpac Banking Corp., EMTN      
4.875% due 09/28/2012 EUR 75,000 93,177
World Savings Bank FSB, BKNT      
4.125% due 12/15/2009 $ 195,000 188,538
      16,419,293
 
Biotechnology - 0.07%      
Biogen Idec, Inc.      
6.00% due 03/01/2013   400,000 397,743
Genentech, Inc.      
4.40% due 07/15/2010   125,000 125,521
4.75% due 07/15/2015   160,000 149,612
      672,876
 
Broadcasting - 0.53%      
Allbritton Communications Company      
7.75% due 12/15/2012   600,000 348,000
Barrington Broadcasting Group LLC      
10.50% due 08/15/2014   200,000 77,500
Bonten Media Acquisition Company      
9.00% due 06/01/2015 (h)   125,000 43,750
British Sky Broadcasting Group PLC      
6.10% due 02/15/2018 (h)   445,000 361,385
9.50% due 11/15/2018 (h)   110,000 111,043
BSKYB Finance UK PLC      
5.75% due 10/20/2017 GBP 115,000 154,420
Canadian Satellite Radio Holdings, Inc.      
12.75% due 02/15/2014 $ 250,000 82,500
CanWest Media, Inc.      
8.00% due 09/15/2012   400,000 156,000
Clear Channel Communications, Inc.      
4.50% due 01/15/2010   50,000 34,500
7.65% due 09/15/2010   350,000 213,500
News America, Inc.      
6.15% due 03/01/2037   685,000 507,837
6.20% due 12/15/2034   190,000 143,992

The accompanying notes are an integral part of the financial statements.
234

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Broadcasting (continued)      
News America, Inc. (continued)      
6.40% due 12/15/2035 $ 380,000 $ 296,335
Time Warner Cable, Inc.      
5.40% due 07/02/2012   805,000 737,325
7.30% due 07/01/2038   1,145,000 954,806
8.25% due 02/14/2014   450,000 444,299
XM Satellite Radio Holdings, Inc.      
13.00% due 08/01/2013 (h)   600,000 153,000
      4,820,192
 
Building Materials & Construction - 0.29%    
Associated Materials, Inc.      
zero coupon, Step up to 11.25% on      
03/01/2009 due 03/01/2014   250,000 127,500
Cemex Finance Europe BV      
4.75% due 03/05/2014 EUR 50,000 29,501
Columbus McKinnon Corp.      
8.875% due 11/01/2013 $ 575,000 485,875
CRH America, Inc.      
5.30% due 10/15/2013 (h)   140,000 105,210
6.00% due 09/30/2016   240,000 161,405
6.40% due 10/15/2033   65,000 37,384
Esco Corp.      
6.6937% due 12/15/2013 (b)(h)   175,000 113,750
8.625% due 12/15/2013 (h)   600,000 462,000
Lafarge SA      
6.15% due 07/15/2011   140,000 125,180
Linde Finance BV      
6.50% due 01/29/2016 GBP 65,000 92,879
Linde Finance BV, EMTN      
4.75% due 04/24/2017 EUR 100,000 112,667
Obrascon Huarte Lain SA      
5.00% due 05/18/2012   100,000 75,857
Owens Corning, Inc.      
6.50% due 12/01/2016 $ 120,000 89,371
Texas Industries, Inc.      
7.25% due 07/15/2013   525,000 399,000
7.25% due 07/15/2013 (h)   125,000 95,000
US Concrete, Inc.      
8.375% due 04/01/2014   200,000 112,000
      2,624,579
 
Business Services - 0.48%      
Affinity Group, Inc.      
9.00% due 02/15/2012   100,000 63,000
10.875% due 02/15/2012   48,587 26,723
Deluxe Corp.      
7.375% due 06/01/2015   600,000 366,000
Dun & Bradstreet Corp.      
5.50% due 03/15/2011   120,000 116,274
First Data Corp.      
9.875% due 09/24/2015   1,025,000 589,375
FTI Consulting, Inc.      
7.625% due 06/15/2013   375,000 333,750
7.75% due 10/01/2016   250,000 215,000
Manpower, Inc., EMTN      
4.75% due 06/14/2013 EUR 50,000 57,669
Mobile Services Group, Inc.      
9.75% due 08/01/2014 $ 525,000 388,500

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Business Services (continued)      
Nebraska Book Company, Inc.      
8.625% due 03/15/2012 $ 675,000 $ 344,250
Sungard Data Systems, Inc.      
9.125% due 08/15/2013   948,000 734,700
9.125% due 08/11/2013   250,000 168,750
10.625% due 02/28/2014 (h)   325,000 250,250
Thomson Reuters Corp.      
5.20% due 12/01/2014 CAD 40,000 29,974
5.95% due 07/15/2013 $ 390,000 370,339
6.50% due 07/15/2018   340,000 311,003
      4,365,557
 
Cable & Television - 1.03%      
AT&T Broadband Corp.      
8.375% due 03/15/2013   409,000 408,787
Comcast Cable Communications, Inc.      
6.75% due 01/30/2011   225,000 222,092
Comcast Corp.      
5.70% due 05/15/2018   525,000 440,909
5.85% due 01/15/2010   100,000 98,220
COX Communications, Inc.      
6.25% due 06/01/2018 (h)   445,000 381,682
7.125% due 10/01/2012   171,000 162,343
CSC Holdings, Inc.      
7.625% due 07/15/2018   675,000 472,500
CSC Holdings, Inc., Series B      
7.625% due 04/01/2011   275,000 243,375
8.125% due 07/15/2009   300,000 288,000
DirecTV Holdings LLC      
7.625% due 05/15/2016   425,000 362,312
8.375% due 03/15/2013   600,000 552,000
EchoStar DBS Corp.      
6.375% due 10/01/2011   375,000 318,750
6.625% due 10/01/2014   1,000,000 715,000
7.75% due 05/31/2015   100,000 73,500
Grupo Televisa SA      
6.00% due 05/15/2018   150,000 121,226
Historic TW, Inc.      
6.875% due 06/15/2018   900,000 753,232
ITV PLC, EMTN      
4.75% due 10/03/2011 EUR 60,000 66,225
Kabel Deutschland GmbH      
10.625% due 07/01/2014 $ 375,000 300,469
Mediacom Broadband LLC      
8.50% due 10/15/2015   525,000 372,750
Rainbow National Services LLC      
8.75% due 09/01/2012 (h)   100,000 88,000
Rogers Cable, Inc.      
5.50% due 03/15/2014   160,000 145,166
6.25% due 06/15/2013   335,000 319,118
Shaw Communications, Inc.      
8.25% due 04/11/2010   125,000 120,312
Sinclair Broadcast Group, Inc.      
8.00% due 03/15/2012   1,100,000 858,000
Time Warner, Inc.      
5.50% due 11/15/2011   550,000 495,777
Univision Communications, Inc.      
7.85% due 07/15/2011   100,000 57,000
9.75% due 03/15/2015 (h)   1,000,000 127,500

The accompanying notes are an integral part of the financial statements.
235

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cable & Television (continued)      
Viacom, Inc.      
5.75% due 04/30/2011 $ 395,000 $ 359,941
Videotron Ltee.      
6.375% due 12/15/2015   125,000 96,250
6.875% due 01/15/2014   390,000 325,650
9.125% due 04/15/2018 (h)   25,000 22,000
      9,368,086
 
Cellular Communications - 0.82%      
America Movil SAB de CV      
5.625% due 11/15/2017   375,000 314,500
6.375% due 03/01/2035   585,000 463,064
8.46% due 12/18/2036 MXN 1,000,000 46,982
American Tower Corp.      
7.125% due 10/15/2012 $ 60,000 56,250
7.50% due 05/01/2012   50,000 46,750
AT&T Wireless Services, Inc.      
7.875% due 03/01/2011   455,000 460,696
Centennial Communications Corp.      
9.6325% due 01/01/2013 (b)(h)   100,000 94,000
10.00% due 01/01/2013   675,000 678,375
Cricket Communications, Inc.      
9.375% due 11/01/2014   975,000 773,906
10.00% due 07/15/2015 (h)   150,000 122,250
MetroPCS Wireless, Inc.      
9.25% due 11/01/2014   1,375,000 1,127,500
Nextel Communications, Inc.      
5.25% due 01/15/2010   159,000 140,222
Rogers Communications, Inc.      
6.80% due 08/15/2018   405,000 362,911
7.50% due 03/15/2015   140,000 137,148
Rogers Wireless, Inc.      
6.375% due 03/01/2014   400,000 358,296
7.625% due 12/15/2011 CAD 35,000 30,081
Verizon Wireless Capital LLC      
7.375% due 11/15/2013 (h) $ 440,000 435,916
8.50% due 11/15/2018 (h)   1,325,000 1,336,908
VIP Finance Ireland, Ltd.      
8.375% due 04/30/2013   230,000 124,267
9.125% due 04/30/2018   200,000 95,178
Vodafone Group PLC      
5.625% due 02/27/2017   275,000 233,693
      7,438,893
 
Cellular Telecom - 0.05%      
Verizon Communications, Inc.      
8.75% due 11/01/2018   450,000 450,115
Chemicals - 0.27%      
Bayer AG, EMTN      
5.625% due 05/23/2018 GBP 100,000 142,459
E.I. Du Pont de Nemours & Company      
5.60% due 12/15/2036 $ 285,000 248,153
Koppers Holdings, Inc.      
zero due 11/15/2014   775,000 600,625
Koppers, Inc.      
9.875% due 10/15/2013   100,000 93,000
Lubrizol Corp.      
4.625% due 10/01/2009   310,000 292,200
5.875% due 12/01/2008   195,000 195,000

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Chemicals (continued)      
Nalco Company      
7.75% due 11/15/2011 $ 475,000  $ 421,563
Polyone Corp.      
8.875% due 05/01/2012   325,000 198,656
Terra Capital, Inc., Series B      
7.00% due 02/01/2017   325,000 234,813
      2,426,469
 
Coal - 0.12%      
Foundation PA Coal Company      
7.25% due 08/01/2014   475,000 359,812
International Coal Group, Inc.      
10.25% due 07/15/2014   475,000 358,625
Peabody Energy Corp.      
7.375% due 11/01/2016   375,000 322,500
Raspadskaya Securities Ltd. for OJSC Raspadskaya    
7.50% due 05/22/2012   200,000 95,192
      1,136,129
 
Commercial Services - 0.11%      
Aramark Corp.      
5.00% due 06/01/2012   400,000 286,000
6.6925% due 02/01/2015 (b)   225,000 157,500
Mac-Gray Corp.      
7.625% due 08/15/2015   525,000 483,000
Rentokil Initial PLC, EMTN      
4.625% due 03/27/2014 EUR 50,000 47,832
      974,332
 
Computers & Business Equipment - 0.23%    
Cisco Systems, Inc.      
5.25% due 02/22/2011 $ 170,000 172,353
Hewlett-Packard Company      
5.25% due 03/01/2012   250,000 248,361
International Business Machines Corp.      
6.50% due 10/15/2013   595,000 625,229
6.625% due 01/30/2014 EUR 50,000 65,793
Seagate Technology HDD Holdings      
6.375% due 10/01/2011 $ 250,000 197,500
Unisys Corp.      
12.50% due 01/15/2016   225,000 90,000
Xerox Corp.      
5.50% due 05/15/2012   40,000 31,957
5.65% due 05/15/2013   370,000 289,009
6.35% due 05/15/2018   455,000 326,311
      2,046,513
 
Construction & Mining Equipment - 0.01%    
Terex Corp.      
7.375% due 01/15/2014   100,000 79,000
Containers & Glass - 0.28%      
Ball Corp.      
6.625% due 03/15/2018   575,000 483,000
BWAY Corp.      
10.00% due 10/15/2010   500,000 430,000
Clondalkin Acquisition BV      
4.8187% due 12/15/2013 (b)(h)   275,000 165,000
Crown Americas LLC      
7.625% due 11/15/2013   425,000 393,125
7.75% due 11/15/2015   150,000 135,750

The accompanying notes are an integral part of the financial statements.
236

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Containers & Glass (continued)      
Graham Packaging Company      
9.875% due 10/15/2014 $ 200,000 $ 126,000
Owens-Brockway Glass Container, Inc.      
6.75% due 12/01/2014   407,000 354,090
Silgan Holdings, Inc.      
6.75% due 11/15/2013   375,000 326,250
Smurfit-Stone Container Enterprises, Inc.      
8.375% due 07/01/2012   300,000 84,000
Stone Container Finance      
7.375% due 07/15/2014   75,000 25,125
Vitro SA de CV      
8.625% due 02/01/2012   200,000 56,000
      2,578,340
 
Crude Petroleum & Natural Gas - 0.71%      
Amerada Hess Corp.      
7.375% due 10/01/2009   75,000 75,503
AmeriGas Partners LP      
7.125% due 05/20/2016   25,000 17,500
7.25% due 05/20/2015   825,000 594,000
Atlantic Richfield Corp.      
9.125% due 03/01/2011   105,000 116,466
Canadian Natural Resources, Ltd.      
5.15% due 02/01/2013   255,000 230,492
6.25% due 03/15/2038   210,000 155,316
6.45% due 06/30/2033   75,000 58,655
Canadian Natural Resources, Ltd., MTN      
4.50% due 01/23/2013 CAD 45,000 33,758
Compton Petroleum Finance Corp.      
7.625% due 12/01/2013 $ 600,000 246,000
Connacher Oil and Gas, Ltd.      
10.25% due 12/15/2015 (h)   600,000 312,000
Denbury Resources, Inc.      
7.50% due 12/15/2015   150,000 102,750
EnCana Corp.      
4.60% due 08/15/2009   245,000 241,806
5.90% due 12/01/2017   365,000 305,873
6.50% due 08/15/2034   255,000 196,581
EnCana Corp., MTN      
5.80% due 01/18/2018 CAD 30,000 21,786
Encore Acquisition Company      
7.25% due 12/01/2017 $ 525,000 341,250
Hess Corp.      
6.65% due 08/15/2011   325,000 309,101
7.875% due 10/01/2029   368,000 328,651
Hilcorp Energy I LP      
7.75% due 11/01/2015 (h)   650,000 464,750
OPTI Canada, Inc.      
7.875% due 12/15/2014   615,000 233,700
8.25% due 12/15/2014   1,000,000 390,000
Petrobras International Finance Company      
5.875% due 03/01/2018   390,000 337,573
PetroHawk Energy Corp.      
7.875% due 06/01/2015 (h)   150,000 105,750
9.125% due 07/15/2013   650,000 497,250
Quicksilver Resources, Inc.      
7.75% due 08/26/2013   703,125 506,250
8.25% due 08/01/2015   225,000 145,125

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Crude Petroleum & Natural Gas      
(continued)      
Southern Natural Gas Company      
5.90% due 04/01/2017 (h) $ 99,000 $ 75,735
      6,443,621
 
Domestic Oil - 0.62%      
ConocoPhillips Company      
5.30% due 04/15/2012   415,000 412,764
Devon Financing Corp., ULC      
6.875% due 09/30/2011   430,000 431,544
7.875% due 09/30/2031   375,000 371,994
Diamond Offshore Drilling, Inc.      
4.875% due 07/01/2015   240,000 221,583
5.15% due 09/01/2014   395,000 371,211
EOG Resources, Inc.      
5.875% due 09/15/2017   185,000 178,362
6.125% due 10/01/2013   215,000 220,135
Forest Oil Corp.      
7.25% due 06/15/2019   550,000 376,750
8.00% due 12/15/2011   400,000 350,000
Marathon Oil Corp.      
5.90% due 03/15/2018   395,000 329,682
6.00% due 10/01/2017   220,000 189,871
6.60% due 10/01/2037   80,000 59,069
Range Resources Corp.      
6.375% due 03/15/2015   650,000 520,000
7.375% due 07/15/2013   75,000 66,000
SandRidge Energy, Inc.      
7.5075% due 04/01/2014 (b)   500,000 333,816
8.625% due 04/01/2015   1,000,000 635,000
Valero Energy Corp.      
3.50% due 04/01/2009   100,000 98,808
6.125% due 06/15/2017   510,000 444,155
      5,610,744
 
Drugs & Health Care - 0.03%      
AstraZeneca PLC, EMTN      
5.125% due 01/15/2015 EUR 50,000 62,747
Wyeth      
5.95% due 04/01/2037 $ 205,000 186,781
      249,528
 
Educational Services - 0.04%      
Education Management Corp.      
8.75% due 06/01/2014   300,000 217,500
10.25% due 06/01/2016   275,000 191,125
      408,625
 
Electrical Equipment - 0.03%      
General Cable Corp.      
6.2575% due 04/01/2015 (b)   200,000 114,000
7.125% due 04/01/2017   225,000 141,750
      255,750
 
Electrical Utilities - 1.48%      
AES Corp.      
7.75% due 03/01/2014   50,000 36,625
8.875% due 02/15/2011   275,000 237,875
9.375% due 09/15/2010   350,000 301,000
9.50% due 06/01/2009   100,000 93,000

The accompanying notes are an integral part of the financial statements.
237

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
Alabama Power Company      
3.0006% due 08/25/2009 (b) $ 120,000 $ 117,100
Alabama Power Company, Series 07-D      
4.85% due 12/15/2012   100,000 98,021
Appalachian Power Company      
6.375% due 04/01/2036   170,000 131,800
Appalachian Power Company, Series O      
5.65% due 08/15/2012   325,000 304,332
Baltimore Gas & Electric Company      
5.90% due 10/01/2016   285,000 248,922
Black Hills Corp.      
6.50% due 05/15/2013   235,000 226,293
CenterPoint Energy Transition Bond Company    
LLC, Series A-2      
4.97% due 08/01/2014   175,000 170,935
CenterPoint Energy, Inc., Series B      
7.25% due 09/01/2010   205,000 200,362
CMS Energy Corp.      
8.50% due 04/15/2011   50,000 47,641
Consolidated Edison Company of New York, Inc.    
6.75% due 04/01/2038   170,000 154,882
Consumers Energy Company      
5.80% due 09/15/2035   100,000 75,385
Detroit Edison Company      
6.40% due 10/01/2013   200,000 204,953
Dominion Resources, Inc.      
4.75% due 12/15/2010   100,000 96,324
8.875% due 01/15/2019   255,000 259,892
E.ON International Finance BV, EMTN      
5.125% due 10/02/2012 EUR 50,000 64,707
Edison SpA, EMTN      
5.125% due 12/10/2010   45,000 57,675
El Paso Electric Company      
6.00% due 05/15/2035 $ 245,000 155,914
Elia System Operator SA      
4.75% due 05/13/2014 EUR 42,000 52,834
Energy Future Holdings Corp.      
10.875% due 11/01/2017 (h) $ 1,350,000 870,750
11.25% due 11/01/2017 (h)   2,225,000 1,184,812
Entergy Louisiana LLC      
5.83% due 11/01/2010   35,000 33,899
Florida Power Corp.      
6.35% due 09/15/2037   220,000 210,123
Hydro One, Inc.      
7.15% due 06/03/2010 CAD 69,000 58,547
Illinois Power Company      
6.125% due 11/15/2017 $ 120,000 103,299
Jersey Central Power & Light Company      
5.65% due 06/01/2017   405,000 354,752
Mirant Americas Generation LLC      
8.30% due 05/01/2011   450,000 416,250
Monongahela Power Company      
5.70% due 03/15/2017 (h)   265,000 226,204
National Grid PLC, EMTN      
5.00% due 07/02/2018 EUR 22,000 25,588
National Power Corp.      
6.4031% due 08/23/2011 (b)(h) $ 200,000 174,000
6.875% due 11/02/2016   100,000 77,365

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
Nevada Power Company      
5.875% due 01/15/2015 $ 45,000 $ 41,251
Nevada Power Company, Series R      
6.75% due 07/01/2037   245,000 202,496
Northeast Utilities      
5.65% due 06/01/2013   600,000 560,418
Northern States Power      
5.25% due 03/01/2018   115,000 110,401
Ohio Power Company      
5.75% due 09/01/2013   195,000 186,017
Orion Power Holdings, Inc.      
12.00% due 05/01/2010   200,000 194,000
Pacific Gas & Electric Company      
3.60% due 03/01/2009   362,000 359,672
4.80% due 03/01/2014   235,000 216,832
6.35% due 02/15/2038   110,000 97,398
PPL Capital Funding, Inc.      
4.33% due 03/01/2009   85,000 85,178
PPL Electric Utilities Corp.      
7.125% due 11/30/2013   155,000 162,412
Reliant Energy, Inc.      
6.75% due 12/15/2014   600,000 483,000
Scottish Power UK PLC      
8.375% due 02/20/2017 GBP 39,000 67,465
Sierra Pacific Resources      
7.803% due 06/15/2012 $ 125,000 117,503
8.625% due 03/15/2014   250,000 231,743
Southern California Edison Company      
4.65% due 04/01/2015   275,000 259,624
5.75% due 03/15/2014   150,000 152,014
Southern California Edison Company, Series 08-A    
5.95% due 02/01/2038   65,000 61,536
Southern Company, Series A      
5.30% due 01/15/2012   95,000 94,184
Tampa Electric Company      
6.15% due 05/15/2037   230,000 168,494
Taqa Abu Dhabi National Energy Company      
5.62% due 10/25/2012 (h)   820,000 714,659
6.60% due 08/01/2013 (h)   105,000 93,177
Texas Competitive Electric Holdings Company    
LLC, PIK      
10.50% due 11/01/2016 (h)   325,000 175,500
Union Electric Company      
5.40% due 02/01/2016   285,000 240,818
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 $ 230,000 224,710
5.10% due 11/30/2012   210,000 198,245
8.875% due 11/15/2038   225,000 244,433
Virginia Electric and Power Company, Series A    
6.00% due 05/15/2037   300,000 248,186
West Penn Power Company      
5.95% due 12/15/2017 (h)   220,000 188,659
Westar Energy, Inc.      
5.10% due 07/15/2020   185,000 144,128
Xcel Energy, Inc.      
7.00% due 12/01/2010   30,000 30,832
      13,471,830

The accompanying notes are an integral part of the financial statements.
238

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electronics - 0.21%      
Avnet, Inc.      
5.875% due 03/15/2014 $ 260,000  $ 214,286
Celestica, Inc.      
7.875% due 07/01/2011   425,000 361,250
Flextronics International, Ltd.      
6.50% due 05/15/2013   325,000 253,500
L-3 Communications Corp.      
7.625% due 06/15/2012   1,025,000 948,125
Sanmina-SCI Corp.      
5.5687% due 06/15/2010 (b)(h)   194,000 164,900
      1,942,061
 
Energy - 0.90%      
Baker Hughes, Inc.      
6.00% due 02/15/2009   280,000 280,751
Copano Energy LLC      
8.125% due 03/01/2016   575,000 408,250
Dynegy Holdings, Inc.      
7.75% due 06/01/2019   2,200,000 1,463,000
Encore Acquisition Company      
6.25% due 04/15/2014   275,000 189,750
Enterprise Products Operating LP      
4.95% due 06/01/2010   490,000 469,309
6.30% due 09/15/2017   215,000 176,707
Ferrellgas Partners LP      
8.75% due 06/15/2012   900,000 643,500
Mirant North America LLC      
7.375% due 12/31/2013   775,000 670,375
Northwest Pipeline Corp.      
5.95% due 04/15/2017   65,000 56,747
NRG Energy, Inc.      
7.25% due 02/01/2014   400,000 326,000
7.375% due 02/01/2016   1,655,000 1,344,688
Plains Exploration & Production Company      
7.00% due 03/15/2017   300,000 201,000
Progress Energy, Inc.      
5.625% due 01/15/2016   400,000 350,860
Reliant Energy, Inc.      
7.625% due 06/15/2014   675,000 516,375
7.875% due 12/31/2017   1,050,000 763,875
Sempra Energy      
7.95% due 03/01/2010   250,000 250,643
Venoco, Inc.      
8.75% due 12/15/2011   100,000 67,500
      8,179,330
 
Financial Services - 4.56%      
AAC Group Holding Corp.      
10.25 due 10/01/2012 (h)   125,000 103,750
American Express Credit Corp., EMTN      
3.625% due 10/13/2009 EUR 55,000 63,860
American Express Credit Corp., MTN      
5.875% due 05/02/2013 $ 380,000 341,643
American Express Credit Corp., Series C      
7.30% due 08/20/2013   300,000 286,937
American Honda Finance Corp.      
4.50% due 05/26/2009 (h)   365,000 366,818
Arch Western Finance LLC      
6.75% due 07/01/2013   425,000 342,125

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
Bank Nederlandse Gemeenten, EMTN      
4.625% due 09/13/2012 EUR 925,000 $ 1,221,633
BAT International Finance PLC      
8.125% due 11/15/2013 (h) $ 1,055,000 1,065,241
9.50% due 11/15/2018 (h)   375,000 384,143
BAT International Finance PLC, EMTN      
5.375% due 06/29/2017 EUR 80,000 85,522
BHP Billiton Finance, Ltd.      
5.40% due 03/29/2017 $ 170,000 146,123
Boeing Capital Corp., Ltd.      
7.375% due 09/27/2010   355,000 369,803
Capital One Capital IV      
6.745% due 02/17/2037 (b)   425,000 187,785
Caterpillar Financial Services Corp.      
4.50% due 06/15/2009   125,000 124,300
Caterpillar Financial Services Corp., MTN      
4.25% due 02/08/2013   220,000 205,532
5.85% due 09/01/2017   165,000 152,858
CenterCredit International BV      
8.625% due 01/30/2014   540,000 194,400
Citigroup, Inc.      
3.625% due 02/09/2009   130,000 128,737
4.75% due 02/10/2019 (b) EUR 80,000 72,002
5.00% due 09/15/2014 $ 670,000 549,316
5.125% due 02/14/2011   220,000 208,758
5.50% due 08/27/2012   220,000 203,321
5.50% due 04/11/2013   615,000 559,696
5.85% due 07/02/2013   545,000 498,062
6.125% due 05/15/2018   645,000 584,006
6.50% due 08/19/2013   500,000 476,197
Citigroup, Inc., EMTN      
3.50% due 08/05/2015 EUR 110,000 109,080
6.40% due 03/27/2013   60,000 70,435
Countrywide Financial Corp.      
4.50% due 06/15/2010 $ 135,000 129,236
Countrywide Home Loans, Inc., MTN      
4.125% due 09/15/2009   540,000 521,898
Credit Suisse First Boston USA, Inc.      
4.875% due 08/15/2010   400,000 394,497
6.125% due 11/15/2011   435,000 425,601
Credit Suisse USA, Inc.      
5.50% due 08/16/2011   170,000 165,272
Credit Suisse/London, EMTN      
5.125% due 09/18/2017 EUR 75,000 90,071
E*Trade Financial Corp.      
8.00% due 06/15/2011 $ 275,000 160,875
12.50% due 11/30/2017 (h)   1,000,000 655,000
ERP Operating LP      
3.85% due 08/15/2026   15,000 12,083
Ford Motor Credit Company LLC      
9.2025% due 04/15/2009 (b)   2,425,000 1,909,687
Fund American Companies, Inc.      
5.875% due 05/15/2013   110,000 82,176
GATX Financial Corp.      
5.50% due 02/15/2012   275,000 242,243
GE Capital Canada Funding Company, MTN      
4.65% due 02/11/2015 CAD 134,000 98,248
GE Capital European Funding, EMTN      
3.50% due 02/14/2013 EUR 160,000 181,980

The accompanying notes are an integral part of the financial statements.
239

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
GE Capital UK Funding, EMTN      
5.625% due 12/12/2014 GBP 145,000 $ 198,670
General Electric Capital Corp.      
4.625% due 09/15/2066 (b) EUR 135,000 97,318
4.80% due 05/01/2013 $ 2,655,000 2,529,894
5.625% due 05/01/2018   780,000 714,385
5.875% due 01/14/2038   650,000 532,137
General Electric Capital Corp., MTN      
5.25% due 10/19/2012   400,000 388,408
General Electric Capital Corp., MTNA      
4.25% due 09/13/2010   680,000 670,806
Goldman Sachs Group, Inc.      
3.75% due 02/04/2013 EUR 75,000 79,621
5.125% due 10/16/2014   100,000 105,288
6.15% due 04/01/2018 $ 1,635,000 1,333,995
6.345% due 02/15/2034   324,000 196,374
6.60% due 01/15/2012   150,000 140,158
6.75% due 10/01/2037   335,000 217,159
6.875% due 01/15/2011   635,000 613,858
Goldman Sachs Group, Inc., GMTN      
4.50% due 01/30/2017 EUR 100,000 95,264
GTB Finance BV      
8.50% due 01/29/2012 $ 475,000 238,208
Hartford Financial Services Group, Inc.      
5.375% due 03/15/2017   255,000 174,224
Hawker Beechcraft Acquisition Company LLC    
8.50% due 04/01/2015 (a)   700,000 329,000
8.875% due 04/01/2015   200,000 82,000
9.75% due 04/01/2017   100,000 32,500
HBOS PLC      
5.92% due 09/29/2049 (b)(h)   400,000 201,312
HSBC Finance Corp.      
4.125% due 11/16/2009   150,000 143,715
Icahn Enterprises LP      
7.125% due 02/15/2013   600,000 361,500
International Lease Finance Corp., MTN      
5.30% due 05/01/2012   375,000 256,560
5.45% due 03/24/2011   500,000 353,715
6.625% due 11/15/2013   610,000 415,116
iPayment Investors LP      
11.625% due 07/15/2014 (b)(h)   416,697 429,198
iPayment, Inc.      
9.75% due 05/15/2014   400,000 272,000
Jefferies Group, Inc.      
5.875% due 06/08/2014   176,000 145,154
6.25% due 01/15/2036   260,000 161,286
John Deere Capital Corp., MTN      
4.95% due 12/17/2012   980,000 936,687
5.50% due 04/13/2017   130,000 116,946
JP Morgan Chase & Company      
4.75% due 05/01/2013   485,000 464,237
6.25% due 01/15/2009   315,000 315,075
JP Morgan Chase & Company, EMTN      
4.25% due 06/09/2011 EUR 39,000 48,343
4.375% due 11/12/2019 (b)   150,000 151,506
4.375% due 01/30/2014   50,000 59,177
JP Morgan Chase Capital XVIII, Series R      
6.95% due 08/17/2036 $ 115,000 82,148

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
JP Morgan Chase Capital XXII, Series V      
6.45% due 02/02/2037 $ 245,000 $ 177,518
JPMorgan Chase & Company      
6.00% due 01/15/2018   775,000 748,008
6.40% due 05/15/2038   380,000 372,584
JSG Funding PLC      
7.75% due 04/01/2015   250,000 167,500
Lehman Brothers Holdings, Inc., EMTN      
4.625% due 03/14/2019 (b) EUR 150,000 191
Local TV Finance LLC      
9.25% due 06/15/2015 (h) $ 175,000 70,219
Mellon Funding Corp.      
6.375% due 11/08/2011 GBP 145,000 227,996
Merrill Lynch & Co Inc, Series EMTN      
4.625% due 10/02/2013 EUR 80,000 83,440
Merrill Lynch & Company, Inc.      
5.45% due 02/05/2013 $ 640,000 590,959
7.75% due 05/14/2038   410,000 377,263
Merrill Lynch & Company, Inc., MTN      
6.15% due 04/25/2013   195,000 184,362
6.875% due 04/25/2018   745,000 704,279
Merrill Lynch & Company, Inc., Series CPI      
6.5318% due 03/02/2009 (b)   150,000 139,192
Metropolitan Life Global Funding      
5.125% due 11/09/2011 (h)   335,000 317,481
Metropolitan Life Global Funding I, EMTN      
4.625% due 05/16/2017 EUR 100,000 87,464
Mitsubishi UFJ Financial Group, Inc., Capital      
Finance 1, Ltd.      
6.346% due 07/29/2049 (b) $ 200,000 145,106
Mizuho Capital Investment 1, Ltd.      
5.02% due 06/29/2049 (b) EUR 50,000 46,914
6.686% due 12/31/2049 (b)(h) $ 126,000 72,204
Morgan Stanley      
4.00% due 01/15/2010   455,000 429,110
Morgan Stanley, EMTN      
4.00% due 11/17/2015 EUR 140,000 121,943
Morgan Stanley, GMTN      
5.125% due 11/30/2015 GBP 100,000 114,289
Morgan Stanley, MTN      
6.00% due 04/28/2015 $ 1,640,000 1,352,970
6.625% due 04/01/2018   550,000 457,317
National Rural Utilities Cooperative Finance Corp.    
4.375% due 10/01/2010   100,000 95,867
Nationwide Building Society, EMTN      
3.375% due 08/17/2015 (b) EUR 55,000 63,548
Nexstar Finance Holdings LLC      
11.375 due 04/01/2013 $ 415,468 207,734
Nexstar Finance, Inc.      
7.00% due 01/15/2014   425,000 208,250
Nisource Finance Corp.      
2.7231% due 11/23/2009 (b)   140,000 128,237
6.15% due 03/01/2013   215,000 180,671
Nissan Motor Acceptance Corp.      
4.625% due 03/08/2010 (h)   120,000 118,493
Nuveen Investments, Inc.      
5.00% due 09/15/2010   275,000 104,500
10.50% due 11/15/2015 (h)   425,000 130,156

The accompanying notes are an integral part of the financial statements.
240

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
Nuveen Investments, Inc., Class A      
5.50% due 09/15/2015 $ 1,025,000 $ 184,500
RBS Global, Inc.      
9.50% due 08/01/2014   400,000 280,000
RWE Finance BV, EMTN      
6.375% due 06/03/2013 GBP 150,000 233,445
Severn Trent Utilities Finance PLC, EMTN      
5.25% due 03/11/2016 EUR 65,000 76,406
SLM Corp.      
5.45% due 04/25/2011 $ 650,000 508,945
SLM Corp., MTN      
5.125% due 08/27/2012   220,000 165,783
8.45% due 06/15/2018   380,000 278,619
SLM Corp., MTN, Series A      
3.675% due 07/27/2009 (b)   1,390,000 1,284,132
SLM Corp., Series CPI      
6.50% due 04/01/2009 (b)   365,000 302,366
Societe Generale      
6.125% due 08/20/2018 EUR 50,000 61,952
Societe Generale, EMTN      
5.25% due 03/28/2013   100,000 128,240
Sovereign Capital Trust VI      
7.908% due 06/13/2036 $ 245,000 164,150
Sun Life Financial Global Funding LP      
4.4575% due 10/06/2013 (b)(h)   250,000 229,839
Teco Finance, Inc.      
6.572% due 11/01/2017   37,000 28,357
7.00% due 05/01/2012   53,000 50,037
TMK Capital SA for OAO TMK      
10.00% due 07/29/2011   100,000 45,076
10.00% due 07/29/2011   100,000 43,375
UBS AG/Jersey, EMTN      
4.50% due 09/16/2019 (b) EUR 215,000 209,366
UCI Holdco, Inc.      
10.6975% due 12/15/2013 $ 397,910 127,331
Wells Fargo & Company      
4.20% due 01/15/2010   455,000 452,675
4.875% due 01/12/2011   225,000 222,557
Wells Fargo Bank NA      
4.75% due 02/09/2015   270,000 244,676
Wells Fargo Financial Canada Corp., MTN      
4.33% due 12/06/2013 CAD 45,000 33,624
      41,435,108
 
Food & Beverages - 0.44%      
Ahold Finance USA, Inc., EMTN      
6.50% due 03/14/2017 GBP 50,000 65,363
B&G Foods, Inc.      
8.00% due 10/01/2011 $ 500,000 415,000
Casino Guichard Perrachon SA, EMTN      
4.875% due 04/10/2014 EUR 50,000 51,701
Del Monte Corp.      
8.625% due 12/15/2012 $ 550,000 497,750
Diageo Capital PLC      
7.375% due 01/15/2014   150,000 156,304
General Mills, Inc.      
5.25% due 08/15/2013   440,000 427,484
General Mills, Inc., Series MTN      
11.973% due 10/15/2010   275,000 299,231

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Food & Beverages (continued)      
Kellogg Company      
4.25% due 03/06/2013 $ 975,000 $ 931,353
Kraft Foods, Inc., EMTN      
6.25% due 03/20/2015 EUR 50,000 60,082
McCormick & Company, Inc.      
5.80% due 07/15/2011 $ 130,000 141,460
McCormick & Company, Inc., MTN      
3.35% due 04/15/2009   110,000 109,984
McDonald's Corp.      
5.30% due 03/15/2017   205,000 196,107
Molson Coors Capital Finance ULC      
5.00% due 09/22/2015 CAD 45,000 33,910
Panamerican Beverages, Inc.      
7.25% due 07/01/2009 $ 35,000 35,783
PepsiAmericas, Inc.      
4.875% due 01/15/2015   55,000 49,684
SABMiller PLC      
6.20% due 07/01/2011 (h)   330,000 324,123
SYSCO Corp.      
5.25% due 02/12/2018   110,000 102,516
Tesco PLC, EMTN      
5.50% due 12/13/2019 GBP 100,000 141,228
      4,039,063
 
Forest Products - 0.01%      
Weyerhaeuser Company      
7.375% due 03/15/2032 $ 90,000 59,914
Gas & Pipeline Utilities - 0.44%      
Atmos Energy Corp.      
4.00% due 10/15/2009   230,000 220,207
5.95% due 10/15/2034   40,000 26,394
Boardwalk Pipelines LLC      
5.50% due 02/01/2017   305,000 250,163
Colorado Interstate Gas Company      
5.95% due 03/15/2015   150,000 121,140
DCP Midstream LLC      
9.70% due 12/01/2013 (h)   140,000 140,697
Duke Capital Corp.      
7.50% due 10/01/2009   130,000 128,419
Duke Capital Corp., Series B      
6.75% due 07/15/2018   90,000 77,774
Dynegy Holdings, Inc.      
7.50% due 06/01/2015   575,000 399,625
El Paso Natural Gas Company      
5.95% due 04/15/2017   99,000 75,847
Enbridge, Inc., MTN      
7.20% due 06/18/2032 CAD 28,000 19,562
Intergas Finance BV, Series REGS      
6.375% due 05/14/2017 $ 100,000 55,156
Kinder Morgan Finance Company      
5.70% due 01/05/2016   480,000 336,000
Kinder Morgan, Inc.      
6.50% due 09/01/2012   139,000 111,200
National Gas Company      
6.05% due 01/15/2036 (h)   105,000 73,500
Nustar Logistics      
7.65% due 04/15/2018   180,000 157,292
Piedmont Natural Gas Company      
6.00% due 12/19/2033   15,000 12,430

The accompanying notes are an integral part of the financial statements.
241

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Gas & Pipeline Utilities (continued)      
Praxair, Inc.      
4.625% due 03/30/2015 $ 415,000 $ 392,192
5.20% due 03/15/2017   205,000 184,960
Southern California Gas Company      
5.75% due 11/15/2035   230,000 203,601
Sunoco, Inc.      
4.875% due 10/15/2014   30,000 24,601
5.75% due 01/15/2017   240,000 202,335
Williams Companies, Inc.      
7.75% due 06/15/2031   400,000 270,000
8.125% due 03/15/2012   600,000 519,000
      4,002,095
 
Gold - 0.10%      
Barrick Gold Financeco LLC      
6.125% due 09/15/2013   965,000 912,122
Healthcare Products - 0.29%      
Bausch & Lomb, Inc.      
9.875% due 11/01/2015 (h)   675,000 519,750
Biomet, Inc.      
11.625% due 10/15/2017   650,000 487,500
Boston Scientific Corp.      
6.00% due 06/15/2011   775,000 678,125
GlaxoSmithKline Capital PLC, EMTN      
5.125% due 12/13/2012 EUR 50,000 63,614
5.625% due 12/13/2017   95,000 118,970
Johnson & Johnson      
4.75% due 11/06/2019   50,000 63,362
Medtronic, Inc., Series B      
4.375% due 09/15/2010 $ 145,000 143,990
4.75% due 09/15/2015   330,000 309,982
Universal Hospital Services, Inc.      
6.3025% due 06/01/2015 (b)   200,000 130,000
8.50% due 06/01/2015   100,000 76,000
      2,591,293
 
Healthcare Services - 0.40%      
Cardinal Health, Inc.      
4.3225% due 10/02/2009 (b)   260,000 256,711
Centene Corp.      
7.25% due 04/01/2014   450,000 357,750
CRC Health Corp.      
10.75% due 02/01/2016   125,000 72,500
DaVita, Inc.      
6.625% due 03/15/2013   525,000 464,625
7.25% due 03/15/2015   750,000 648,750
Healthsouth Corp.      
10.75% due 06/15/2016   425,000 376,125
U.S. Oncology Holdings, Inc., PIK      
8.3344% due 03/15/2012   363,000 228,690
US Oncology, Inc.      
9.00% due 08/15/2012   125,000 104,062
10.75% due 08/15/2014   175,000 131,250
Vanguard Health Holding Company I LLC      
11.25% due 10/01/2015   100,000 77,000
Vanguard Health Holding Company II LLC      
9.00% due 10/01/2014   575,000 460,000
WellPoint, Inc.      
4.25% due 12/15/2009   40,000 37,732

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Healthcare Services (continued)      
WellPoint, Inc. (continued)      
5.00% due 01/15/2011 $ 415,000 $ 383,804
      3,598,999
 
Holdings Companies/Conglomerates - 0.10%    
ERP Operating LP      
5.25% due 09/15/2014   190,000 136,813
Hutchison Whampoa Finance, Ltd.      
5.875% due 07/08/2013 EUR 62,000 67,893
Visant Corp.      
7.625% due 10/01/2012 $ 325,000 260,000
Visant Holding Corp.      
zero coupon, Step up to 10.25% on      
12/01/2008 due 12/01/2013   600,000 439,500
      904,206
 
Homebuilders - 0.21%      
Centex Corp.      
4.55% due 11/01/2010   355,000 292,875
5.45% due 08/15/2012   60,000 39,300
5.80% due 09/15/2009   75,000 70,687
7.875% due 02/01/2011   25,000 20,250
D.R. Horton, Inc.      
4.875% due 01/15/2010   470,000 430,050
6.50% due 04/15/2016   55,000 34,650
K Hovnanian Enterprises, Inc.      
11.50% due 05/01/2013   400,000 306,000
Lennar Corp., Series B      
5.60% due 05/31/2015   395,000 208,363
5.95% due 10/17/2011   25,000 18,000
MDC Holdings, Inc., MTN      
5.375% due 12/15/2014   60,000 59,242
NVR, Inc.      
5.00% due 06/15/2010   115,000 108,159
Pulte Homes, Inc.      
5.20% due 02/15/2015   325,000 204,750
Ryland Group, Inc.      
5.375% due 01/15/2015   20,000 11,500
Toll Brothers, Inc.      
8.25% due 02/01/2011   25,000 20,750
Toll Corp.      
8.25% due 12/01/2011   100,000 82,000
      1,906,576
 
Hotels & Restaurants - 0.08%      
Gaylord Entertainment Company      
6.75% due 11/15/2014   600,000 324,000
8.00% due 11/15/2013   300,000 178,125
Harrah's Operating Company, Inc.      
5.375% due 12/15/2013   300,000 60,000
5.50% due 07/01/2010   195,900 92,073
O'Charleys, Inc.      
9.00% due 11/01/2013   250,000 100,000
      754,198
 
Household Appliances - 0.01%      
Whirlpool Corp.      
6.125% due 06/15/2011   140,000 121,989

The accompanying notes are an integral part of the financial statements.
242

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Household Products - 0.01%      
Simmons Bedding Company      
7.875% due 01/15/2014 $ 175,000 $ 72,625
Industrial Machinery - 0.05%      
Manitowoc, Inc.      
7.125% due 11/01/2013   100,000 80,000
10.25% due 08/15/2012   250,000 177,750
Stewart & Stevenson LLC      
10.00% due 07/15/2014   375,000 232,500
      490,250
 
Industrials - 0.05%      
Air Products & Chemicals, Inc.      
4.15% due 02/01/2013   150,000 140,428
WCA Waste Corp.      
9.25% due 06/15/2014   400,000 320,000
      460,428
 
Insurance - 0.42%      
ACE INA Holdings, Inc.      
5.70% due 02/15/2017   240,000 202,074
Allstate Life Funding LLC, EMTN      
6.375% due 01/17/2011 GBP 49,000 75,133
Berkshire Hathaway Finance Corp.      
4.60% due 05/15/2013 (h) $ 400,000 392,840
Highmark, Inc.      
6.80% due 08/15/2013 (h)   225,000 229,164
HUB International Holdings, Inc.      
9.00% due 12/15/2014 (h)   550,000 363,688
10.25% due 06/15/2015 (h)   975,000 536,250
Monumental Global Funding, Ltd., EMTN      
5.375% due 03/13/2009 EUR 39,000 49,620
Muenchener Rueckversicherungs AG      
5.767% due 06/29/2049 (b)   100,000 80,372
Nationwide Mutual Insurance Company      
6.60% due 04/15/2034 (h) $ 135,000 63,483
New York Life Global Funding      
4.625% due 08/16/2010 (h)   235,000 231,978
New York Life Global Funding, EMTN      
4.375% due 01/19/2017 EUR 100,000 97,363
NLV Financial Corp.      
7.50% due 08/15/2033 (h) $ 285,000 302,040
Ohio National Financial Services, Inc.      
6.35% due 04/01/2013 (h)   15,000 17,022
Pacific Life Funding LLC, EMTN      
5.125% due 01/20/2015 GBP 89,000 117,899
5.50% due 05/14/2009 EUR 39,000 49,426
Principal Financial Global Funding II LLC, EMTN    
4.50% due 01/26/2017   50,000 48,858
Principal Financial Group, Inc.      
6.05% due 10/15/2036 $ 180,000 115,297
Principal Life Global Funding I      
5.25% due 01/15/2013 (h)   190,000 178,324
Principal Life Income Funding Trusts      
5.20% due 11/15/2010   40,000 40,521
Principal Financial Global Funding LLC, EMTN    
4.50% due 01/22/2009 EUR 39,000 49,578
RLI Corp.      
5.95% due 01/15/2014 $ 20,000 20,677

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Insurance (continued)      
Security Benefit Life Insurance Company      
7.45% due 10/01/2033 (h) $ 95,000  $ 84,974
Sun Life Assurance Company of Canada      
6.15% due 06/30/2022 (b) CAD 42,000 34,574
Transatlantic Holdings, Inc.      
5.75% due 12/14/2015 $ 170,000 101,259
 
Travelers Insurance Company Institutional Funding, Ltd.  
5.75% due 12/06/2011 GBP 54,000 75,669
USI Holdings Corp.      
9.75% due 05/15/2015 (h) $ 225,000 90,281
Willis North America, Inc.      
6.20% due 03/28/2017   195,000 142,389
      3,790,753
 
International Oil - 0.34%      
Gaz Capital for Gazprom      
7.288% due 08/16/2037   490,000 269,500
8.625% due 04/28/2034   175,000 131,250
Gaz Capital for Gazprom, EMTN      
4.56% due 12/09/2012 EUR 150,000 130,544
Gaz Capital SA      
8.146% due 04/11/2018 $ 300,000 197,948
Pemex Project Funding Master Trust      
4.1188% due 06/15/2010 (b)(h)   215,000 203,175
5.75% due 03/01/2018   465,000 379,579
6.25% due 08/05/2013 EUR 150,000 169,269
Petro-Canada      
6.80% due 05/15/2038 $ 125,000 88,895
Petroleos de Venezuela SA      
5.25% due 04/12/2017   235,000 92,665
5.375% due 04/12/2027   520,000 236,236
PF Export Receivables Master Trust      
6.436% due 06/01/2015 (h)   54,468 51,693
Transocean, Inc.      
5.25% due 03/15/2013   210,000 201,798
XTO Energy, Inc.      
4.625% due 06/15/2013   525,000 473,478
5.65% due 04/01/2016   365,000 322,004
YPF SA, MTNC      
10.00% due 11/02/2028   220,000 135,300
      3,083,334
 
Investment Companies - 0.05%      
BES Finance, Ltd., EMTN      
6.25% due 05/17/2011 EUR 66,000 85,797
Credit Suisse Guernsey, Ltd.      
5.86% due 05/29/2049 (b) $ 290,000 153,700
Xstrata Finance Canada, Ltd.      
5.50% due 11/16/2011 (h)   180,000 165,131
Xstrata Finance Canada, Ltd., EMTN      
5.25% due 06/13/2017 EUR 80,000 58,061
      462,689
 
Leisure Time - 0.46%      
Chukchansi Economic Development Authority    
6.095% due 11/15/2012 (b)(h) $ 75,000 34,500
Harrah's Operating Company, Inc.      
10.75% due 02/01/2016 (h)   500,000 111,250

The accompanying notes are an integral part of the financial statements.
243

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Leisure Time (continued)      
International Speedway Corp.      
4.20% due 04/15/2009 $ 90,000 $ 87,959
Isle of Capri Casinos, Inc.      
7.00% due 03/01/2014   575,000 247,250
Little Traverse Bay Bands of Odawa Indians      
10.25% due 02/15/2014 (h)   50,000 32,500
Lottomatica SpA      
4.80% due 12/22/2008 EUR 30,000 37,964
Penn National Gaming, Inc.      
6.75% due 03/01/2015 $ 425,000 280,500
Pinnacle Entertainment, Inc.      
7.50% due 06/15/2015   475,000 261,250
8.25% due 03/15/2012   500,000 365,000
Pokagon Gaming Authority      
10.375% due 06/15/2014 (h)   650,000 549,250
Royal Caribbean Cruises, Ltd.      
7.00% due 06/15/2013   100,000 60,000
Shingle Springs Tribal Gaming Authority      
9.375% due 06/15/2015 (h)   800,000 360,000
Speedway Motorsports, Inc.      
6.75% due 06/01/2013   360,000 256,950
Vivendi      
5.75% due 04/04/2013 (h)   410,000 380,205
Wynn Las Vegas LLC      
6.625% due 12/01/2014   1,525,000 1,078,938
      4,143,516
 
Manufacturing - 0.26%      
3M Company, MTN      
5.125% due 11/06/2009   95,000 97,792
5.70% due 03/15/2037   200,000 204,526
AGY Holding Corp.      
11.00% due 11/15/2014   250,000 150,000
Cooper US, Inc.      
6.10% due 07/01/2017   205,000 191,235
General Dynamics Corp.      
4.50% due 08/15/2010   310,000 315,671
Honeywell International, Inc.      
4.25% due 03/01/2013   260,000 254,551
5.30% due 03/01/2018   235,000 225,687
Sally Holdings LLC      
9.25% due 11/15/2014 (a)   425,000 320,875
10.50% due 11/15/2016   75,000 43,500
SPX Corp.      
7.625% due 12/15/2014 (h)   375,000 305,625
Trinity Industries, Inc.      
6.50% due 03/15/2014   350,000 287,000
      2,396,462
 
Medical-Hospitals - 0.52%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   975,000 789,750
HCA, Inc.      
9.25% due 11/15/2016   2,250,000 1,828,125
9.625% due 11/15/2016   125,000 90,000
Health Management Associates, Inc.      
3.70% due 08/16/2020   1,194,145 796,594
6.125% due 04/15/2016   1,250,000 746,875
Symbion, Inc.      
11.00% due 08/23/2015 (h)   282,180 169,308

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Medical-Hospitals (continued)      
United Surgical Partners International, Inc.      
8.875% due 05/01/2017 $ 450,000 $ 294,750
      4,715,402
 
Metal & Metal Products - 0.12%      
Clarendon Alumina Production, Ltd.      
8.50% due 11/16/2021   100,000 72,000
Gibraltar Industries, Inc., Series B      
8.00% due 12/01/2015   1,075,000 671,875
Hawk Corp.      
8.75% due 11/01/2014   331,000 335,965
      1,079,840
 
Mining - 0.41%      
Freeport-McMoRan Copper & Gold, Inc.      
8.25% due 04/01/2015   525,000 380,625
8.375% due 04/01/2017   3,050,000 2,104,500
Placer Dome, Inc.      
6.45% due 10/15/2035   315,000 231,550
Rio Tinto Finance USA, Ltd.      
5.875% due 07/15/2013   455,000 353,669
Vale Overseas, Ltd.      
6.25% due 01/23/2017   525,000 475,286
6.875% due 11/21/2036   250,000 203,647
      3,749,277
 
Office Furnishings & Supplies - 0.03%      
Interface, Inc.      
9.50% due 02/01/2014   25,000 20,000
10.375% due 02/01/2010   300,000 289,500
      309,500
 
Paper - 0.34%      
Boise Cascade LLC      
7.125% due 10/15/2014   290,000 162,400
Celulosa Arauco y Constitucion SA      
5.125% due 07/09/2013   80,000 74,860
8.625% due 08/15/2010   220,000 226,367
Domtar Corp.      
5.375% due 12/01/2013   175,000 115,500
7.125% due 08/15/2015   450,000 306,000
9.50% due 08/01/2016   50,000 39,750
Georgia-Pacific Corp.      
7.00% due 01/15/2015 (h)   475,000 361,000
7.125% due 01/15/2017 (h)   450,000 330,750
8.125% due 05/15/2011   300,000 256,500
International Paper Company      
7.40% due 06/15/2014   650,000 533,189
Jefferson Smurfit Corp.      
8.25% due 10/01/2012   200,000 53,500
NewPage Corp.      
10.00% due 05/01/2012   350,000 189,000
Rock-Tenn Company      
8.20% due 08/15/2011   250,000 230,000
9.25% due 03/15/2016 (h)   225,000 193,500
      3,072,316
 
Petroleum Services - 0.18%      
Compagnie Generale de Geophysique SA      
7.50% due 05/15/2015   100,000 65,000
7.75% due 05/15/2017   1,450,000 889,937

The accompanying notes are an integral part of the financial statements.
244

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Petroleum Services (continued)      
Complete Production Services, Inc.      
8.00% due 12/15/2016 $ 600,000 $ 378,000
Key Energy Services, Inc.      
8.375% due 12/01/2014   225,000 156,937
Premcor Refining Group, Inc.      
6.75% due 02/01/2011   120,000 121,812
      1,611,686
 
Pharmaceuticals - 0.16%      
Aventis SA, EMTN      
4.25% due 09/15/2010 EUR 65,000 82,989
Eli Lilly & Company      
5.55% due 03/15/2037 $ 205,000 186,224
Hospira, Inc.      
4.95% due 06/15/2009   80,000 79,660
Merck KGAA      
4.75% due 11/26/2010 EUR 50,000 62,879
Omnicare, Inc.      
6.75% due 12/15/2013 $ 350,000 292,250
6.875% due 12/15/2015   600,000 486,000
Teva Pharmaceutical Finance LLC      
5.55% due 02/01/2016   310,000 288,884
      1,478,886
 
Pipelines - 0.19%      
Buckeye Partners LP      
6.05% due 01/15/2018   140,000 121,245
TEPPCO Partners LP      
5.90% due 04/15/2013   300,000 265,008
7.55% due 04/15/2038   485,000 360,478
Texas Gas Transmission LLC      
5.50% due 04/01/2013 (h)   1,120,000 985,508
      1,732,239
 
Publishing - 0.10%      
Nielsen Finance LLC      
10.00% due 08/01/2014   225,000 162,000
Sun Media Corp.      
7.625% due 02/15/2013   325,000 268,125
TL Acquisitions, Inc.      
zero coupon, Step to 13.25% on      
7/15/2009 due 07/15/2015 (h)   350,000 151,375
10.50% due 01/15/2015 (h)   225,000 121,500
Valassis Communications, Inc.      
8.25% due 03/01/2015   675,000 216,000
      919,000
 
Railroads & Equipment - 0.23%      
American Railcar Industries, Inc.      
7.50% due 03/01/2014   600,000 432,000
Canadian National Railway Company      
6.25% due 08/01/2034   249,000 230,950
CSX Corp.      
5.75% due 03/15/2013   275,000 258,564
Greenbrier Companies, Inc.      
8.375% due 05/15/2015   400,000 296,000
Grupo Transportacion Ferroviaria Mexicana,      
SA de CV      
9.375% due 05/01/2012   125,000 99,375
Norfolk Southern Corp.      
5.59% due 05/17/2025   30,000 24,628

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Railroads & Equipment (continued)      
Norfolk Southern Corp. (continued)      
5.75% due 04/01/2018 $ 95,000 $ 87,179
7.25% due 02/15/2031   35,000 33,146
Union Pacific Corp.      
3.875% due 02/15/2009   125,000 125,079
5.70% due 08/15/2018   205,000 189,013
7.875% due 01/15/2019   280,000 296,473
      2,072,407
 
Real Estate - 0.39%      
AMB Property LP, MTN      
5.90% due 08/15/2013   45,000 32,295
6.30% due 06/01/2013   205,000 151,184
AvalonBay Communities, Inc., MTN      
4.95% due 03/15/2013   60,000 43,077
6.125% due 11/01/2012   185,000 142,313
6.625% due 09/15/2011   265,000 213,409
BF Saul      
7.50% due 03/01/2014   150,000 88,688
Camden Property Trust      
4.375% due 01/15/2010   90,000 79,102
Developers Diversified Realty Corp.      
3.875% due 01/30/2009   30,000 29,356
Duke Realty LP      
6.25% due 05/15/2013   230,000 167,328
Federal Realty Investment Trust      
6.00% due 07/15/2012   135,000 114,321
Felcor Lodging LP      
8.50% due 06/01/2011   250,000 173,125
Hospitality Properties Trust      
5.625% due 03/15/2017   225,000 115,259
Host Marriott LP, Series Q      
6.75% due 06/01/2016   1,300,000 864,500
Kimco Realty Corp., MTN      
4.904% due 02/18/2015   60,000 37,553
Lennar Corp.      
7.625% due 03/01/2009   125,000 121,250
Mack-Cali Realty LP      
5.80% due 01/15/2016   75,000 49,710
Reckson Operating Partnership      
6.00% due 03/31/2016   210,000 137,438
Regency Centers LP      
5.875% due 06/15/2017   120,000 79,269
Simon Property Group LP      
4.60% due 06/15/2010   235,000 206,324
5.30% due 05/30/2013   75,000 55,454
5.75% due 12/01/2015   445,000 286,091
Ventas Realty LP      
6.50% due 06/01/2016   470,000 367,775
Vornado Realty LP      
4.50% due 08/15/2009   35,000 33,337
      3,588,158
 
Retail - 0.29%      
Costco Wholesale Corp.      
5.30% due 03/15/2012   180,000 184,770
CVS Caremark Corp.      
4.3169% due 09/10/2010 (b)   510,000 457,377
Federated Retail Holdings, Inc.      
5.35% due 03/15/2012   180,000 126,073

The accompanying notes are an integral part of the financial statements.
245

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Retail (continued)      
Ferrellgas Escrow LLC      
6.75% due 05/01/2014 $ 250,000 $ 175,000
Home Depot, Inc.      
3.75% due 09/15/2009   115,000 112,091
5.20% due 03/01/2011   155,000 144,084
JC Penney Company, Inc.      
9.00% due 08/01/2012   400,000 357,633
Leslie's Poolmart      
7.75% due 02/01/2013   350,000 259,000
Sears Roebuck Acceptance      
6.75% due 08/15/2011   175,000 128,743
7.00% due 02/01/2011   200,000 138,302
Sunstate Equipment Company LLC      
10.50% due 04/01/2013 (h)   450,000 256,500
Target Corp.      
5.875% due 07/15/2016   305,000 268,324
      2,607,897
 
Retail Grocery - 0.19%      
Couche-Tard US LP      
7.50% due 12/15/2013   650,000 492,375
Delhaize Group      
5.625% due 06/27/2014 EUR 50,000 57,635
6.50% due 06/15/2017 $ 100,000 89,650
Kroger Company      
6.15% due 01/15/2020   130,000 116,367
6.80% due 04/01/2011   245,000 242,675
7.50% due 01/15/2014   105,000 106,534
8.05% due 02/01/2010   630,000 633,903
      1,739,139
 
Retail Trade - 0.43%      
ACE Hardware Corp.      
9.125% due 06/01/2016 (h)   925,000 675,250
Dollar General Corp., PIK      
11.875% due 07/15/2017   375,000 300,937
Fortune Brands, Inc.      
5.125% due 01/15/2011   70,000 66,831
GSC Holdings Corp.      
8.00% due 10/01/2012   900,000 783,000
Home Depot, Inc.      
5.40% due 03/01/2016   220,000 175,627
Neiman Marcus Group, Inc.      
9.00% due 10/15/2015 (h)   625,000 265,625
10.375% due 10/15/2015   250,000 93,750
Target Corp.      
7.50% due 08/15/2010   150,000 153,515
The Pantry, Inc.      
7.75% due 02/15/2014   550,000 385,000
Walgreen Company      
4.875% due 08/01/2013   380,000 385,904
Wal-Mart Stores, Inc.      
4.75% due 01/29/2013 GBP 204,000 313,875
6.875% due 08/10/2009 $ 315,000 323,943
      3,923,257
 
Sanitary Services - 0.37%      
Allied Waste North America, Inc.      
4.25% due 04/15/2034   83,000 73,974
6.875% due 06/01/2017   525,000 456,750

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Sanitary Services (continued)      
Allied Waste North America, Inc. (continued)    
7.25% due 03/15/2015 $ 1,550,000 $ 1,367,875
7.875% due 04/15/2013   425,000 397,375
Casella Waste Systems, Inc.      
9.75% due 02/01/2013   750,000 652,500
Oakmont Asset Trust      
4.514% due 12/22/2008 (h)   20,000 20,019
Waste Management, Inc.      
6.10% due 03/15/2018   480,000 408,071
7.375% due 05/15/2029   15,000 11,845
      3,388,409
 
Semiconductors - 0.23%      
Avago Technologies Finance      
10.125% due 12/01/2013   375,000 304,219
Flextronics International, Ltd.      
6.25% due 11/15/2014   125,000 92,500
Freescale Semiconductor, Inc.      
8.875% due 12/15/2014   975,000 331,500
Freescale Semiconductor, Inc., PIK      
9.125% due 12/15/2014   200,000 41,000
National Semiconductor Corp.      
6.15% due 06/15/2012   640,000 605,528
NXP BV/NXP Funding LLC      
7.5025% due 10/15/2013 (b)   475,000 117,562
7.875% due 10/15/2014   350,000 105,000
Spansion LLC      
11.25% due 01/15/2016 (h)   200,000 24,000
STATS ChipPAC, Ltd.      
6.75% due 11/15/2011   100,000 71,000
7.50% due 07/19/2010   500,000 380,000
      2,072,309
 
Software - 0.10%      
Oracle Corp.      
5.00% due 01/15/2011   710,000 708,510
Serena Software, Inc.      
10.375% due 03/15/2016   125,000 69,375
SS&C Technologies, Inc.      
11.75% due 12/01/2013   100,000 88,500
      866,385
 
Steel - 0.31%      
ArcelorMittal      
5.375% due 06/01/2013   1,290,000 928,136
Evraz Group SA      
8.25% due 11/10/2015   200,000 88,000
8.875% due 04/24/2013   330,000 145,200
Gerdau Ameristeel Corp.      
10.375% due 07/15/2011   150,000 139,500
GTL Trade Finance, Inc.      
7.25% due 10/20/2017   125,000 102,820
International Steel Group, Inc.      
6.50% due 04/15/2014   150,000 122,316
Metals USA Holdings Corp., PIK      
9.8825% due 07/01/2012   50,000 13,750
Metals USA, Inc.      
11.125% due 12/01/2015   175,000 107,625
Ryerson, Inc.      
12.00% due 11/01/2015 (h)   450,000 279,000

The accompanying notes are an integral part of the financial statements.
246

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Steel (continued)      
Steel Capital SA for OAO Severstal      
9.75% due 07/29/2013 $ 100,000 $ 42,000
Steel Dynamics, Inc.      
6.75% due 04/01/2015   140,000 86,100
7.375% due 11/01/2012   425,000 314,500
Tube City IMS Corp.      
9.75% due 02/01/2015   450,000 225,000
Usiminas Commercial, Ltd.      
7.25% due 01/18/2018   225,000 190,688
      2,784,635
 
Telecommunications Equipment &      
Services - 1.03%      
Broadview Networks Holdings, Inc.      
11.375% due 09/01/2012   425,000 301,750
Citizens Communications Company      
7.125% due 03/15/2019   400,000 231,000
Deutsche Telekom International Finance BV, EMTN    
4.50% due 10/25/2013 EUR 100,000 121,917
Deutsche Telekom International Finance BV      
8.50% due 06/15/2010 $ 930,000 934,825
Digicel Group, Ltd.      
8.875% due 01/15/2015 (h)   1,500,000 798,750
8.875% due 01/15/2015   140,000 70,700
Digicel, Ltd.      
9.25% due 09/01/2012 (h)   775,000 573,500
Dycom Industries, Inc.      
8.125% due 10/15/2015   275,000 188,375
Fairpoint Communications, Inc.      
13.125% due 04/01/2018 (h)   275,000 140,250
France Telecom SA      
7.75% due 03/01/2011   570,000 579,799
GC Impsat Holdings I PLC      
9.875% due 02/15/2017   600,000 342,000
GCI, Inc.      
7.25% due 02/15/2014   475,000 381,188
Intelsat Corp.      
9.25% due 06/15/2016 (h)   600,000 501,000
iPCS, Inc.      
5.3175% due 05/01/2013 (b)(h)   425,000 297,500
6.4425% due 05/01/2014 (b)   475,000 285,000
Level 3 Communications, Inc.      
6.00% due 09/15/2009   87,000 74,820
6.00% due 03/15/2010   88,000 59,620
12.25% due 03/15/2013   375,000 215,625
Lucent Technologies, Inc.      
6.50% due 01/15/2028   825,000 330,000
Nortel Networks, Ltd.      
9.0025% due 07/15/2011 (b)   650,000 211,250
Orascom Telecom Finance SCA      
7.875% due 02/08/2014 (h)   110,000 60,500
7.875% due 02/08/2014   140,000 77,000
OTE PLC, GMTN      
4.625% due 05/20/2016 EUR 100,000 107,090
SBC Communications, Inc.      
5.625% due 06/15/2016 $ 550,000 486,691
6.45% due 06/15/2034   355,000 285,685
Telesat Canada      
11.00% due 11/01/2015 (h)   750,000 495,000

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunications Equipment &      
Services (continued)      
TELUS Corp.      
5.95% due 04/15/2015 CAD 35,000 $ 26,405
Verizon Global Funding Corp.      
7.25% due 12/01/2010 $ 110,000 111,595
7.75% due 12/01/2030   285,000 253,522
West Corp.      
9.50% due 10/15/2014 (h)   425,000 225,250
Wind Acquisition Finance SA      
10.75% due 12/01/2015 (h)   750,000 615,000
      9,382,607
 
Telephone - 1.35%      
Alltel Corp.      
6.50% due 11/01/2013   225,000 204,750
7.00% due 07/01/2012   1,175,000 1,104,500
AT&T Corp.      
7.30 due 11/15/2011 (b)   150,000 152,357
AT&T, Inc.      
4.375% due 03/15/2013 EUR 100,000 114,318
4.95% due 01/15/2013 $ 450,000 424,319
5.30% due 11/15/2010   125,000 124,056
6.70% due 11/15/2013   825,000 821,472
British Telecommunications PLC      
5.15% due 01/15/2013   680,000 637,416
8.00% due 12/07/2016 GBP 150,000 222,768
British Telecommunications PLC, EMTN      
5.25% due 06/23/2014 EUR 100,000 111,641
Deutsche Telekom International Finance BV      
8.125% due 05/29/2012   35,000 46,847
France Telecom SA, EMTN      
7.25% due 01/28/2013   205,000 280,415
KONINKLIJKE KPN NV, EMTN      
5.75% due 03/18/2016 GBP 100,000 138,473
KONINKLIJKE KPN NV, MTN, Series G      
4.75% due 01/17/2017 EUR 50,000 54,791
Nordic Telephone Company Holdings      
8.25% due 05/01/2016 (h)   100,000 83,853
8.875% due 05/01/2016 (h) $ 850,000 616,250
Qwest Communications International, Inc., Series B    
7.50% due 02/15/2014   275,000 178,750
Qwest Corp.      
6.0687% due 06/15/2013 (b)   125,000 87,500
7.50% due 10/01/2014   175,000 134,750
7.875% due 09/01/2011   225,000 192,375
8.875% due 03/15/2012   150,000 123,750
Royal KPN NV, EMTN      
4.50% due 03/18/2013 EUR 80,000 94,225
Sprint Capital Corp.      
6.90% due 05/01/2019 $ 910,000 518,700
7.625% due 01/30/2011   945,000 680,400
8.375% due 03/15/2012   905,000 615,400
Sprint Nextel Corp.      
4.1687% due 06/28/2010 (b)   105,000 73,601
6.00% due 12/01/2016   1,300,000 721,500
Telecom Italia Capital SA      
4.00% due 01/15/2010   470,000 425,350
5.25% due 11/15/2013   315,000 239,400

The accompanying notes are an integral part of the financial statements.
247

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telephone (continued)      
Telecom Italia Finance SA, EMTN      
6.875% due 01/24/2013 EUR 90,000 $ 106,811
7.50 due 04/20/2011   64,000 79,642
Telefonica Emisiones SAU      
5.984% due 06/20/2011 $ 185,000 176,947
6.221% due 07/03/2017   275,000 241,687
Telefonica Emisiones SAU, EMTN      
4.674% due 02/07/2014 EUR 50,000 58,618
Valor Telecommunications Enterprise LLC      
7.75% due 02/15/2015 $ 225,000 191,250
Verizon Communications, Inc.      
4.35% due 02/15/2013   645,000 581,877
5.25% due 04/15/2013   310,000 288,188
5.50% due 02/15/2018   350,000 291,442
6.90% due 04/15/2038   260,000 216,675
Windstream Corp.      
8.125% due 08/01/2013   425,000 350,625
8.625% due 08/01/2016   325,000 253,500
Windstream Regatta Holdings      
11.00% due 12/01/2017   450,000 211,500
      12,272,689
 
Tires & Rubber - 0.01%      
Cooper-Standard Automotive, Inc.      
8.375% due 12/15/2014   425,000 114,750
Tobacco - 0.29%      
Altria Group, Inc.      
8.50% due 11/10/2013   815,000 818,160
9.70% due 11/10/2018   375,000 379,469
Imperial Tobacco Finance PLC, EMTN      
4.375% due 11/22/2013 EUR 100,000 102,934
6.875% due 06/13/2012 GBP 49,000 72,966
Reynolds American, Inc.      
6.50% due 07/15/2010 $ 45,000 43,822
7.25% due 06/01/2013   1,455,000 1,264,031
      2,681,382
 
Toys, Amusements & Sporting Goods - 0.02%    
Hasbro, Inc.      
6.30% due 09/15/2017   180,000 162,082
Transportation - 0.29%      
Bombardier, Inc.      
6.30% due 05/01/2014 (h)   575,000 434,125
6.75% due 05/01/2012 (h)   200,000 170,000
7.45% due 05/01/2034 (h)   375,000 232,500
8.00% due 11/15/2014 (h)   25,000 21,000
Bristow Group, Inc.      
6.125% due 06/15/2013   425,000 310,250
7.50% due 09/15/2017   450,000 310,500
Burlington Northern Santa Fe Corp.      
5.65% due 05/01/2017   268,000 246,711
6.15% due 05/01/2037   436,000 360,603
Canadian National Railway Company      
6.375% due 11/15/2037   65,000 59,962
Canadian Pacific Railway Company      
5.75% due 05/15/2013   340,000 318,404
FedEx Corp.      
5.50% due 08/15/2009   215,000 211,857
      2,675,912

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Trucking & Freight - 0.00%      
Saint Acquisition Corp.      
12.50% due 05/15/2017 (h) $ 300,000 $ 40,125
Utility Service - 0.23%      
Consumers Energy Company, Series F      
4.00% due 05/15/2010   225,000 218,190
Consumers Energy Company, Series J      
6.00% due 02/15/2014   160,000 154,019
PNM Resources, Inc.      
9.25% due 05/15/2015   550,000 431,750
Public Service Electric & Gas Company      
5.70% due 12/01/2036   355,000 294,815
Veolia Environnement      
5.25% due 06/03/2013   510,000 477,917
6.00% due 06/01/2018   430,000 369,439
Veolia Environnement, EMTN      
4.875% due 05/28/2013 EUR 50,000 59,493
4.875% due 05/28/2013   35,000 41,645
5.875% due 02/01/2012   30,000 37,885
        2,085,153
 
TOTAL CORPORATE BONDS (Cost $313,754,854)   $  248,708,551
  
CONVERTIBLE BONDS - 0.12%      
Air Travel - 0.04%      
Airtran Holdings, Inc.      
7.00% due 07/01/2023 $ 328,000 183,680
AMR Corp.      
4.50% due 02/15/2024   150,000 142,680
      326,360
 
Auto Services - 0.02%      
United Rentals North America, Inc.      
1.875% due 10/15/2023   270,000 179,105
Automobiles - 0.01%      
Ford Motor Company      
4.25% due 12/15/2036   191,000 59,885
Cable & Television - 0.04%      
Sinclair Broadcast Group, Inc.      
3.00% due 05/15/2027   500,000 340,500
Coal - 0.01%      
Peabody Energy Corp.      
4.75% due 12/15/2066   200,000 116,656
Electronics - 0.00%      
Wesco International, Inc.      
2.625% due 10/15/2025   57,000 38,831
Real Estate - 0.00%      
General Growth Properties LP      
3.98% due 04/15/2027 (h)    54,000   3,242
TOTAL CONVERTIBLE BONDS (Cost $1,475,503)     $ 1,064,579
  
MUNICIPAL BONDS - 0.53%      
Arizona - 0.04%      
Salt River Project Agricultural Improvement &    
Power District      
5.00% due 01/01/2038   365,000 329,372

The accompanying notes are an integral part of the financial statements.
248

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
California - 0.01%      
State of California      
5.25% due 04/01/2034 $ 100,000  $ 113,293
District of Columbia - 0.00%      
District of Columbia      
4.75% due 06/01/2031   30,000 25,632
Florida - 0.03%      
Orange County Florida Tourist Development    
5.00% due 10/01/2018   330,000 314,790
Georgia - 0.08%      
Atlanta Water & Wastewater Revenue      
5.50% due 11/01/2017   220,000 232,388
De Kalb County GA Water and Sewer Revenue    
5.00% due 10/01/2035   325,000 303,180
Metropolitan Atlanta Rapid Transit Authority    
5.00% due 07/01/2037   260,000 233,449
      769,017
Illinois - 0.03%      
Chicago Illinois Transit Authority, Series A      
6.899% due 12/01/2040   245,000 232,971
Kansas - 0.01%      
Kansas Development Finance Authority      
5.501% due 05/01/2034   120,000 106,386
Maryland - 0.06%      
County of Baltimore MD      
5.00% due 02/01/2038   200,000 190,272
State of Maryland      
5.00% due 08/01/2019   335,000 353,026
      543,298
New York - 0.07%      
New York City Housing Development Corp.    
6.42% due 11/01/2027   120,000 119,901
New York State Urban Development Corp.      
5.50% due 03/15/2018   160,000 174,909
Triborough Bridge & Tunnel Authority New York    
5.00% due 11/15/2038   360,000 322,096
      616,906
 
North Carolina - 0.04%      
Charlotte N C Water and Sewer Systems      
4.75% due 07/01/2033   405,000 359,806
Oregon - 0.01%      
State of Oregon      
5.892% due 06/01/2027   60,000 56,493
Pennsylvania - 0.03%      
Commonwealth of Pennsylvania      
5.00% due 01/01/2018   240,000 262,020
Texas - 0.04%      
Austin Texas Independent School District      
5.00% due 08/01/2033   360,000 335,826
Utah - 0.05%      
Utah Transit Authority Sales Tax Revenue      
4.75% due 06/15/2032   195,000 176,052
5.25% due 06/15/2038   270,000 259,049
      435,101

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
West Virginia - 0.03%      
Tobacco Settlement Finance Authority of West    
Virginia      
7.467% due 06/01/2047 $ 325,000  $ 273,748
TOTAL MUNICIPAL BONDS (Cost $5,121,281)     $ 4,774,659
  
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 4.08%      
American Tower Trust, Series 2007-1A, Class D    
5.9568% due 04/15/2037 (h)   350,000 305,580
Banc of America Commercial Mortgage, Inc.,    
Series 2003-1, Class A1      
3.878% due 09/11/2036   249,754 229,647
Banc of America Commercial Mortgage, Inc.,    
Series 2003-1, Class A2      
4.648% due 09/11/2036   796,000 655,401
Banc of America Commercial Mortgage, Inc.,    
Series 2005-3, Class A2      
4.501% due 07/10/2043   640,000 581,008
Banc of America Mortgage Securities,      
Series 2004-A, Class 2A2      
4.1068% due 02/25/2034 (b)   181,702 134,672
Banc of America Mortgage Securities,      
Series 2004-D, Class 2A2      
4.1919% due 05/25/2034 (b)   90,202 65,339
Banc of America Mortgage Securities,      
Series 2004-H, Class 2A2      
4.7487% due 09/25/2034 (b)   199,538 132,744
Banc of America Mortgage Securities,      
Series 2004-I, Class 3A2      
4.824% due 10/25/2034 (b)   96,192 71,012
Banc of America Mortgage Securities,      
Series 2005-J, Class 2A1      
5.0909% due 11/25/2035 (b)   395,649 220,432
Banc of America Mortgage Securities,      
Series 2005-J, Class 3A1      
5.233% due 11/25/2035 (b)   211,033 142,934
Bear Stearns Commercial Mortgage Securities,    
Series 2007-T28, Class A4      
5.742% due 09/11/2042   180,000 122,440
Bear Stearns Commercial Mortgage Securities,    
Series 1998-C1, Class A2      
6.44% due 06/16/2030   2,854 2,837
Bear Stearns Commercial Mortgage Securities,    
Series 2002-TOP8, Class A2      
4.83% due 08/15/2038   320,000 267,639
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PW10, Class A1      
5.085% due 12/11/2040   530,856 497,839
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PWR8, Class A4      
4.674% due 06/11/2041   578,000 438,661
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PWR9, Class A1      
4.498% due 09/11/2042   69,320 65,285
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PWR9, Class AAB      
4.804% due 09/11/2042   462,000 369,496
Bear Stearns Commercial Mortgage Securities,    
Series 2005-T18, Class A1      
4.274% due 02/13/2042 (b)   175,820 168,198

The accompanying notes are an integral part of the financial statements.
249

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Bear Stearns Commercial Mortgage Securities,    
Series 2005-T20, Class A1      
4.94% due 10/12/2042 $ 16,778 $ 15,917
Bear Stearns Commercial Mortgage Securities,    
Series 2006-PW12, Class A4      
5.9019% due 09/11/2038 (b)   60,000 44,418
Bear Stearns Commercial Mortgage Securities,    
Series 2006-PW13, Class AAB      
5.53% due 09/11/2041   50,000 37,257
Bear Stearns Commercial Mortgage Securities,    
Series 2006-PWR12, Class A1      
5.546% due 09/11/2038 (b)   141,929 129,884
Bear Stearns Commercial Mortgage Securities,    
Series 2007-PW15, Class AAB      
5.315% due 02/11/2044   500,000 345,686
Bear Stearns Commercial Mortgage Securities,    
Series 2007-PW17, Class A1      
5.282% due 06/11/2050   553,722 459,868
Bear Stearns Commercial Mortgage Securities,    
Series 2007-PW17, Class A4      
5.694% due 06/11/2050 (b)   50,000 33,964
Citigroup Commercial Mortgage Trust, Series    
2008-C7, Class A1      
5.271% due 12/12/2049   279,603 250,181
Citigroup Mortgage Loan Trust, Inc., Series      
2004-UST1, Class A5      
4.6872% due 08/25/2034 (b)   609,128 424,032
Citigroup/Deutsche Bank Commercial Mortgage    
Trust, Series 2006-CD3, Class AAB      
5.608% due 10/15/2048 (h)   285,000 214,040
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1, Class A1    
5.0468% due 07/15/2044   193,654 185,493
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1, Class A4    
5.23% due 09/15/2020 (b)   50,000 37,208
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2007-CD4, Class ASB    
5.278% due 12/11/2049   45,000 31,535
Commercial Mortgage Loan Trust, Series      
2008-LS1, Class A1      
5.935% due 05/10/2012   204,768 184,341
Commercial Mortgage Loan Trust, Series      
2008-LS1, Class A3      
6.2203% due 03/10/2017 (b)   1,270,000 890,020
Credit Suisse Mortgage Capital Certificates, Series    
2007-C4, Class A1      
5.54% due 09/15/2039   112,242 98,625
Credit Suisse Mortgage Capital Certificates,      
Series 2006-C4, Class A1      
4.771% due 09/15/2039   205,793 185,858
Credit Suisse Mortgage Capital Certificates,      
Series 2007-C1, Class A1      
5.227% due 02/15/2040   242,490 217,508
CS First Boston Mortgage Securities Corp.,      
Series 2004-C2, Class A1      
3.819% due 05/15/2036   91,176 80,946
CS First Boston Mortgage Securities Corp.,      
Series 2005-C2, Class A4      
4.832% due 04/15/2037   575,000 422,702

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
DLJ Commercial Mortgage Corp.,      
Series 1999-CG2,Class A1B      
7.30% due 06/10/2032 $ 471,872 $ 466,797
Federal Home Loan Mortgage Corp., Series      
2003-2586, Class NJ      
4.50% due 08/15/2016   218,560 220,756
Federal Home Loan Mortgage Corp., Series      
2003-2614, Class IH      
4.50% IO due 05/15/2016   165,605 9,097
Federal Home Loan Mortgage Corp., Series      
2003-2627, Class IE      
4.50% IO due 04/15/2018   49,875 3,536
Federal Home Loan Mortgage Corp., Series      
2003-2631, Class KI      
4.50% IO due 01/15/2015   71,075 1,267
Federal Home Loan Mortgage Corp., Series      
2003-2681, Class PC      
5.00% due 01/15/2019   225,547 228,120
Federal Home Loan Mortgage Corp., Series      
2003-2686, Class JG      
5.50% due 04/15/2028   847,000 865,307
Federal Home Loan Mortgage Corp., Series      
2003-41, Class YV      
5.50% due 04/25/2014   223,844 230,583
Federal Home Loan Mortgage Corp., Series      
2004-2844, Class PQ      
5.00% due 05/15/2023   56,480 56,878
Federal Home Loan Mortgage Corp., Series      
2004-2872, Class YB      
5.00% due 06/15/2023   116,836 117,498
Federal Home Loan Mortgage Corp., Series      
2004-2882, Class YB      
5.00% due 10/15/2027   400,000 409,980
Federal Home Loan Mortgage Corp., Series      
2005-2934, Class NB      
5.00% due 01/15/2028   106,000 108,652
Federal Home Loan Mortgage Corp., Series      
2005-R003, Class VA      
5.50% due 08/15/2016   443,263 453,125
Federal Home Loan Mortgage Corp., Series      
2006-3123, Class VB      
6.00% due 09/15/2013   200,388 206,505
Federal Home Loan Mortgage Corp., Series      
2006-3152, Class DA      
6.00% due 09/15/2025   124,566 126,437
Federal Home Loan Mortgage Corp., Series      
2006-3177, Class PA      
6.00% due 12/15/2026   258,917 263,214
Federal Home Loan Mortgage Corp., Series      
2006-3195, Class PN      
6.50% due 08/15/2030   791,146 809,798
Federal Home Loan Mortgage Corp., Series      
2006-R007, Class VA      
6.00% due 09/15/2016   161,899 166,965
Federal Home Loan Mortgage Corp., Series 2568,    
Class KA      
4.25% due 12/15/2021   253,361 251,095
Federal Home Loan Mortgage Corp., Series 2688,    
Class DE      
4.50% due 02/15/2020   316,019 319,449

The accompanying notes are an integral part of the financial statements.
250

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(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 3354,    
Class PA      
5.50% due 07/15/2028 $ 640,629 $ 656,627
Federal Home Loan Mortgage Corp., Series R005,    
Class AB      
5.50% due 12/15/2018   449,914 460,282
Federal Home Loan Mortgage Corp., Series R006,    
Class AK      
5.75% due 12/15/2018   542,971 557,147
Federal Home Loan Mortgage Corp., Series R013,    
Class AB      
6.00% due 12/15/2021   218,055 224,008
Federal Home Loan Mortgage Corp., Stated Final,    
Series SF4, Class C      
3.32% due 12/15/2011   33,575 33,454
Federal Home Loan Mortgage Corp., Strips, Series    
1998-199, Class PO      
zero coupon PO due 08/01/2028   8,564 7,457
Federal National Mortgage Association, Series    
2002-74, Class PJ      
5.00% due 03/25/2015   26,139 26,092
Federal National Mortgage Association, Series    
2002-84, Class VA      
5.50% due 11/25/2013   158,822 163,068
Federal National Mortgage Association, Series    
2003-32, ClassPG      
5.00% due 10/25/2027   350,000 353,829
Federal National Mortgage Association, Series    
2003-40, Class NI      
5.50% IO due 11/25/2028   26,231 1,185
Federal National Mortgage Association, Series    
2003-88, Class TE      
4.50% due 11/25/2014   400,000 402,867
Federal National Mortgage Association, Series    
2004-21, Class AC      
4.00% due 05/25/2016   49,207 49,291
Federal National Mortgage Association, Series    
2006-3136, Class PB      
6.00% due 01/15/2030   411,000 422,944
Federal National Mortgage Association, Series    
2006-B2, Class AB      
5.50% due 05/25/2014   283,892 290,605
Federal National Mortgage Association, Strip,    
Series 319, Class 2      
6.50% IO due 02/01/2032   31,696 5,834
GE Capital Commercial Mortgage Corp.,      
Series 2001-1, Class A2      
6.531% due 05/15/2033   465,000 434,273
GE Capital Commercial Mortgage Corp.,      
Series 2005-C4, Class A1      
5.082% due 11/10/2045   323,209 300,731
GMAC Commercial Mortgage Securities, Inc.,    
Series 2001-C2, Class A2      
6.70% due 04/15/2034   50,000 46,737
Government National Mortgage Association, Series    
1997-16, Class PL      
6.50% due 10/20/2027   322,000 331,046
Government National Mortgage Association, Series    
1998-12, Class Z      
6.50% due 05/20/2028   40,339 41,576

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Government National Mortgage Association, Series    
1998-6, Class EA      
zero PO due 03/16/2028 $ 30,985 $ 27,054
Government National Mortgage Association, Series    
2001-48, Class PC      
6.50% due 10/20/2031   254,430 260,168
Government National Mortgage Association, Series    
2001-56, Class PH      
6.50% due 11/20/2031   230,201 236,123
Government National Mortgage Association, Series    
2003-3, Class LM      
5.50% due 02/20/2032   315,780 322,250
Government National Mortgage Association, Series    
2003-49, Class C      
4.485% due 10/16/2033 (b)   67,000 60,704
Government National Mortgage Association, Series    
2004-1, Class 1      
zero PO due 07/20/2034   216,852 183,036
Government National Mortgage Association, Series    
2004-108, Class A      
3.999% due 05/16/2027   220,568 219,555
Government National Mortgage Association, Series    
2004-43, Class A      
2.822% due 12/16/2019   575,036 565,864
Government National Mortgage Association, Series    
2004-43, Class D      
4.994% due 03/16/2030 (b)   56,000 54,625
Government National Mortgage Association, Series    
2004-44, Class PC      
5.50% due 05/20/2031   688,000 703,167
Government National Mortgage Association, Series    
2005-94, Class PB      
5.50% due 12/20/2035   135,000 128,297
Government National Mortgage Association, Series    
2007-77, Class B      
4.314% due 10/16/2029 (b)   375,000 370,757
Government National Mortgage Association, Series    
2008-8, Class A      
3.612% due 11/16/2027   1,027,057 1,016,160
Greenwich Capital Commercial Funding Corp.,    
Series 2004-GG1, Class A3      
4.344% due 06/10/2036   62,543 61,584
Greenwich Capital Commercial Funding Corp.,    
Series 2005-GG3, Class A2      
4.305% due 08/10/2042   780,000 731,400
Greenwich Capital Commercial Funding Corp.,    
Series 2005-GG3, Class A3      
4.569% due 08/10/2042 (b)   250,000 206,270
Greenwich Capital Commercial Funding Corp.,    
Series 2005-GG3, Class AAB      
4.619% due 08/10/2042 (b)   146,000 120,662
Greenwich Capital Commercial Funding Corp.,    
Series 2007-GG9, Class A1      
5.233% due 03/10/2039   274,303 241,085
Greenwich Capital Commercial Funding Corp.,    
Series 2007-GG9, Class A4      
5.444% due 03/10/2039   50,000 32,259
GS Mortgage Securities Corp. II, Series 2006-GG6,    
Class A4      
5.553% due 04/10/2038 (b)   630,000 445,069

The accompanying notes are an integral part of the financial statements.
251

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
JP Morgan Mortgage Trust, Series 2005-A7, Class    
3A1      
5.3488% due 10/25/2035 (b) $ 995,998 $ 698,351
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2001-CIB2, Class A2      
6.244% due 04/15/2035   543,923 525,199
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2001-CIBC, Class A3      
6.26% due 03/15/2033   263,423 247,108
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2003-LN1, Class A1      
4.134% due 10/15/2037   363,048 313,289
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2005-LDP4, Class ASB      
4.824% due 10/15/2042 (b)   621,000 498,475
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2006-CB14, Class A4      
5.481% due 12/12/2044 (b)   65,000 42,860
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2006-CB17, Class A1      
5.279% due 12/12/2043   181,380 158,423
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2006-LDP9, Class A1      
5.17% due 05/15/2047   218,162 193,679
JP Morgan Chase Commercial Mortgage Securities Corp.,  
Series 2007-LD11, Class A4      
6.007% due 06/15/2049 (b)   445,000 275,643
JPMorgan Chase Commercial Mortgage Security    
Corp., Series 2006-LDP9, Class A3      
5.336% due 05/15/2047   360,000 218,270
JPMorgan Mortgage Acquisition Corp., Series    
2007-CH1, Class AV2      
1.455% due 11/25/2036   125,011 109,197
LB-UBS Commercial Mortgage Trust,      
Series 2003-C7, Class A3      
4.559% due 09/15/2027 (b)   475,000 428,466
LB-UBS Commercial Mortgage Trust,      
Series 2004-C2, Class A2      
3.246% due 03/15/2029   646,840 638,172
LB-UBS Commercial Mortgage Trust,      
Series 2005-C1, Class A4      
4.742% due 02/15/2030   548,000 406,742
LB-UBS Commercial Mortgage Trust,      
Series 2006-C1, Class A1      
5.018% due 02/15/2031   288,966 269,651
LB-UBS Commercial Mortgage Trust,      
Series 2006-C1, Class A4      
5.156% due 02/15/2031   1,292,500 887,860
LB-UBS Commercial Mortgage Trust,      
Series 2007-C2, Class A3      
5.43% due 02/15/2040   50,000 31,946
Morgan Stanley Capital I, Series 2006-T23, Class A4    
5.9839% due 08/12/2041   485,000 340,553
Morgan Stanley Capital I, Series 2007-HQ11,    
Class A4      
5.447% due 02/12/2044 (b)   1,095,000 700,943
Morgan Stanley Capital I, Series 2007-IQ14, Class    
A4      
5.692% due 04/15/2049 (b)   495,000 320,415

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Morgan Stanley Capital I, Series 2007-IQ15, Class    
A4      
6.0767% due 06/11/2049 (b) $ 1,025,000  $ 674,470
Morgan Stanley Capital I, Series 2007-T27, Class A1    
5.606% due 06/11/2042   595,803 503,055
Morgan Stanley Capital I, Series 2007-T27, Class A2    
5.8029% due 06/13/2042 (b)   200,000 158,702
Morgan Stanley Capital I, Series 2007-T27, Class A4    
5.6504% due 06/13/2042 (b)   600,000 394,037
Morgan Stanley Capital I, Series 2008-T29, Class A4    
6.4579% due 01/11/2043 (b)   45,000 30,047
Morgan Stanley Dean Witter      
Capital I, Series 2002-TOP7, Class A1      
5.38% due 01/15/2039   24,001 23,186
Morgan Stanley Dean Witter      
Capital I, Series 2002-TOP7, Class A2      
5.98% due 01/15/2039   366,000 323,786
Morgan Stanley Capital I, Series 2006-T23, Class A1    
5.682% due 08/12/2041   158,441 141,544
PNC Mortgage Acceptance Corp., Series      
1999-CM1, Class A1B      
7.33% due 12/10/2032 (b)   614,682 602,915
Vendee Mortgage Trust, Series 1996-3, Class 4    
9.5962% due 03/15/2025 (b)   10,945 12,138
Wells Fargo Mortgage Backed Securities Trust,    
Series 2003-O, Class 5A1      
4.808% due 01/25/2034 (b)   513,350 395,846
Wells Fargo Mortgage Backed Securities Trust,    
Series 2005-AR2, Class 2A2      
4.5531% due 03/25/2035 (b)   355,557 219,772
Wells Fargo Mortgage Backed Securities Trust,    
Series 2005-AR2, Class 3A1      
4.9307% due 03/25/2035 (b)   218,194 159,354
Wells Fargo Mortgage Backed Securities Trust,    
Series 2006-AR12, Class 1A1      
6.0298% due 09/25/2036 (b)   1,213,397 710,606
Wells Fargo Mortgage Backed Securities Trust,    
Series 2006-AR16, Class A1      
5.665% due 10/25/2036 (b)    906,712   599,908
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS     
(Cost $43,018,010)        $ 37,125,456
   
ASSET BACKED SECURITIES - 2.25%      
Daimler Chrysler Auto Trust, Series 2008-A, Class    
A3A      
3.70% due 06/08/2012   300,000 276,274
Capital One Prime Auto Receivables Trust, Series    
2006-2, Class A4      
4.94% due 07/15/2012   425,000 407,319
Citibank Credit Card Issuance Trust, Series      
2006-A2, Class A2      
4.85% due 02/10/2011   600,000 599,495
AmeriCredit Automobile Receivables Trust,      
Series 2006-RM, Class A3      
5.53% due 01/06/2014   1,570,000 1,187,738
BankBoston Home Equity Loan Trust,      
Series 1998-2, Class A6      
6.64% due 12/25/2028   50,317 42,883
Bay View Auto Trust, Series 2005-3, Class A4    
5.01% due 06/25/2014   302,441 299,000

The accompanying notes are an integral part of the financial statements.
252

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Cabela's Master Credit Card Trust, Series 2005-1A,    
Class A1      
4.97% due 10/15/2013 (h) $ 140,000  $ 124,070
Capital Auto Receivables Asset Trust,      
Series 2006-SN1A, Class B      
5.50% due 04/20/2010 (h)   275,000 268,465
Capital Auto Receivables Asset Trust,      
Series 2006-SN1A, Class A4A      
5.32% due 03/20/2010 (h)   1,575,000 1,569,295
Capital Auto Receivables Asset Trust,      
Series 2006-SN1A, Class A4B      
1.5625% due 03/20/2010 (b)(h)   325,000 320,432
Capital One Multi-Asset Execution Trust, Series    
2003-C3, Class C3      
3.6725% due 07/15/2016 (b)   40,000 21,654
Capital One Multi-Asset Execution Trust, Series    
2003-C4, Class C4      
6.00% due 08/15/2013   325,000 266,861
Capital One Multi-Asset Execution Trust, Series    
2007-C3, Class C3      
1.7125% due 04/15/2013   125,000 99,093
Capital One Multi-Asset Execution Trust, Series    
2008-A1, Class A      
2.1725% due 11/15/2012 (b)(h)   1,100,000 1,042,099
Capital One Prime Auto Receivables Trust, Series    
2006-1, Class A4      
5.01% due 11/15/2011   260,000 253,537
Chase Funding Mortgage Loan Asset-Backed    
Certificates, Series 2002-2, Class 1M1      
5.599% due 09/25/2031   20,511 16,134
Chase Funding Mortgage Loan Asset-Backed    
Certificates, Series 2002-4, Class 2A1      
2.135% due 10/25/2032 (b)   10,939 9,420
Chase Funding Mortgage Loan Asset-Backed    
Certificates, Series 2003-3, Class 1A6      
3.717% due 10/25/2014   196,743 167,297
Citibank Credit Card Issuance Trust, Series      
2007-A5, Class A5      
5.50% due 06/22/2012   1,075,000 1,039,514
CNH Equipment Trust, Series 2007-A, Class A3    
4.99% due 10/15/2010   231,839 230,955
CNH Equipment Trust, Series 2007-A, Class B    
5.09% due 06/16/2014   295,000 232,060
Detroit Edison Securitization Funding LLC,      
Series 2001-1, Class A5      
6.42% due 03/01/2015   450,000 462,367
Florida Power & Light Recovery Funding LLC,    
Series 2007-A, Class A2      
5.044% due 08/01/2015   700,000 709,389
GE Capital Credit Card Master Note Trust,      
Series 2006-1, Class A      
5.08% due 09/15/2012   340,000 328,041
GE Equipment Small Ticket LLC,      
Series 2005-1A, Class A4      
4.51% due 12/22/2014 (h)   273,776 270,853
Honda Auto Receivables Owner Trust,      
Series 2007-1, Class A3      
5.10% due 03/18/2011   374,950 371,636
Household Automotive Trust,      
Series 2006-2, Class A4      
5.67% due 06/17/2013   220,000 189,103

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Hyundai Auto Receivables Trust,      
Series 2006-A, Class A4      
5.26% due 11/15/2012 $ 165,000 $ 159,479
John Deere Owner Trust, Series 2005-A, Class A4    
4.16% due 05/15/2012   27,587 27,361
John Deere Owner Trust, Series 2006-A, Class A4    
5.39% due 06/17/2013   250,000 247,498
John Deere Owner Trust, Series 2008-A, Class A2    
3.63% due 03/15/2011   450,000 446,036
John Deere Owner Trust, Series 2008-A, Class A3    
4.18% due 06/15/2012   175,000 169,775
JP Morgan Auto Receivables Trust,      
Series 2007-A, Class A4      
5.19% due 02/15/2014 (h)   240,000 226,329
M&I Auto Loan Trust, Series 2005-1, Class A4    
4.86% due 03/21/2011   95,561 93,717
Marriott Vacation Club Owner Trust,      
Series 2006-1A, Class A      
5.737% due 04/20/2028 (h)   536,462 457,561
Marriott Vacation Club Owner Trust,      
Series 2006-1A, Class B      
5.827% due 04/20/2028 (h)   17,734 14,818
Marriott Vacation Club Owner Trust,      
Series 2006-2A, Class A      
5.362% due 10/20/2028 (h)   187,737 157,286
MBNA Credit Card Master Note Trust, Series    
2006-C3, Class C3      
1.7125% due 10/15/2013 (b)   415,000 287,793
MBNA Credit Card Master Note Trust,      
Series 2005-A3, Class A3      
4.10% due 10/15/2012   275,000 261,610
Nissan Auto Receivables Owner Trust, Series    
2008-A, Class A3      
3.89% due 08/15/2011   175,000 167,069
Nordstrom Private Label      
Credit Card Master Note Trust,      
Series 2007-1A, Class A      
4.92% due 05/15/2013 (h)   350,000 329,283
Peco Energy Transition Trust,      
Series 2000-A, Class A4      
7.65% due 03/01/2010   500,000 510,795
Peco Energy Transition Trust,      
Series 2001-A, Class A1      
6.52% due 12/31/2010   447,000 448,954
PP&L Transition Bond Company LLC,      
Series 1999-1, Class A8      
7.15% due 06/25/2009   17,788 17,835
PSE&G Transition Funding LLC,      
Series 2001-1, Class A6      
6.61% due 06/15/2015   281,000 289,221
Reliant Energy Transport Bond Company,      
Series 2001-1, Class A4      
5.63% due 09/15/2015   334,000 333,025
Residential Asset Mortgage Products, Inc.,      
Series 2003-RZ2, Class A1      
3.60% due 04/25/2033   22,757 20,827
SLM Student Loan Trust, Series 2008-4, Class A2    
4.585% due 07/25/2016 (b)   675,000 631,228
SLM Student Loan Trust, Series 2008-6, Class A1    
3.935% due 10/27/2014   500,000 491,427

The accompanying notes are an integral part of the financial statements.
253

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Sovereign Bank Home Equity Loan Trust,      
Series 2000-1, Class A6      
7.25% due 02/25/2015 $ 4,444 $ 3,327
Triad Auto Receivables Owner Trust,      
Series 2006-B, Class A3      
5.41% due 08/12/2011   127,536 122,986
Triad Auto Receivables Owner Trust,      
Series 2006-B, Class A4      
5.52% due 11/12/2012   500,000 416,208
USAA Auto Owner Trust, Series 2005-2, Class A4    
4.17% due 02/15/2011   110,688 108,301
USAA Auto Owner Trust, Series 2007-1, Class A4    
5.55% due 02/15/2013   775,000 752,667
USAA Auto Owner Trust, Series 2007-2, Class A3    
4.90% due 02/15/2012   850,000 833,822
USAA Auto Owner Trust, Series 2008-1, Class A3    
4.16% due 04/16/2012   375,000 356,186
Volkswagen Auto Loan Enhanced Trust, Series    
2007-1, Class A3      
5.20% due 01/20/2010   217,949 217,102
Volkswagen Auto Lease Trust,      
Series 2006-A, Class A4      
5.54% due 04/20/2011   420,000 418,461
Wachovia Auto Loan Owner Trust, Series 2007-1,    
Class A3A      
5.29% due 04/20/2012   350,000 336,059
Wachovia Bank Commercial Mortgage Trust,    
Series 2006-C28, Class A4      
5.572% due 10/15/2048 (b)   180,000 118,690
Wachovia Auto Owner Trust,      
Series 2006-A, Class A4      
5.38% due 03/20/2013   225,000   209,338
TOTAL ASSET BACKED SECURITIES      
(Cost $21,917,158)      $ 20,487,058
  
SUPRANATIONAL OBLIGATIONS - 0.34%    
Supranational - 0.34%      
European Investment Bank      
8.75% due 08/25/2017 GBP 320,000 643,293
European Investment Bank, EMTN      
4.75% due 10/15/2017 EUR 965,000 1,297,203
Inter-American Development Bank      
4.40% due 01/26/2026 CAD 549,000 396,761
International Finance Corp., MTN      
7.50% due 02/28/2013 AUD 600,000 437,064
Queensland Treasury Corp., Series 17      
6.00% due 09/14/2017   445,000 309,234
          3,083,555
   
TOTAL SUPRANATIONAL OBLIGATIONS    
(Cost $3,553,798)      $ 3,083,555
   
SHORT TERM INVESTMENTS - 4.59%      
Bank of New York, Series CD      
5.41% due 05/15/2009 $ 300,000 $ 300,579
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   23,296,306 23,296,306

Spectrum Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS (continued)      
T. Rowe Price Reserve Investment      
Fund, 2.7528% $  18,276,278  $ 18,169,286
TOTAL SHORT TERM INVESTMENTS         
(Cost $41,766,171)      $ 41,766,171
   
REPURCHASE AGREEMENTS - 0.80%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$7,241,030 on 12/1/2008,      
collateralized by $7,280,000      
Federal Home Loan Bank, 2.29%      
due 12/30/2008 (valued at      
$7,389,200, including interest) $ 7,241,000  $ 7,241,000
TOTAL REPURCHASE AGREEMENTS       
(Cost $7,241,000)        $ 7,241,000
Total Investments (Spectrum Income Fund)        
(Cost $1,071,444,296) - 101.80%   $ 925,664,848
Liabilities in Excess of Other Assets - (1.80)%     (16,354,849)
TOTAL NET ASSETS - 100.00%   $ 909,309,999

Strategic Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 3.06%    
Treasury Inflation Protected      
Securities (d) - 2.05%      
zero coupon due 11/15/2021 $ 100,000 $ 58,831
1.75% due 01/15/2028   1,483,147 1,222,670
2.00% due 01/15/2016 to 01/15/2026   5,512,300 4,635,984
2.375% due 01/15/2017   466,567 428,549
2.50% due 07/15/2016   715,103 657,057
2.625% due 07/15/2017   168,922 160,317
3.375% due 04/15/2032   382,153 405,380
3.875% due 04/15/2029   1,091,453 1,203,412
      8,772,200
 
U.S. Treasury Bonds - 0.51%      
5.375% due 02/15/2031   110,000 136,752
6.25% due 08/15/2023   630,000 805,268
6.375% due 08/15/2027   930,000 1,257,535
      2,199,555
 
U.S. Treasury Notes - 0.50%      
1.25% due 11/30/2010       2,150,000    2,158,733
TOTAL U.S. TREASURY OBLIGATIONS        
(Cost $13,945,255)       $ 13,130,488
   
U.S. GOVERNMENT AGENCY OBLIGATIONS - 36.09%  
Federal Home Loan Bank - 0.16%      
3.625% due 05/29/2013   650,000 662,830
Federal Home Loan Mortgage Corp. - 4.16%    
5.00% due 12/01/2034   133,581 134,614
5.125% due 04/18/2011   280,000 294,739
5.45% due 07/09/2010   180,000 180,721
5.50% due 11/01/2035 to 01/01/2038   14,073,400 14,293,881

The accompanying notes are an integral part of the financial statements.
254

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Federal Home Loan Mortgage Corp.      
(continued)      
5.50% TBA ** $ 2,900,000 $ 2,942,595
      17,846,550
 
Federal National Mortgage      
Association - 29.44%      
zero coupon PO due 02/01/2019   380,000 171,498
4.50% due 04/01/2038   3,635,626 3,586,346
4.642% due 11/01/2035 (b)   232,948 232,839
5.00% due 08/01/2034 to 07/01/2038   8,046,476 8,113,013
5.00% TBA **   42,600,000 42,876,828
5.25% due 08/01/2012   220,000 220,705
5.50% due 02/01/2035 to 05/01/2038   28,196,931 28,672,335
5.50% TBA **   28,590,000 29,067,991
6.00% due 04/18/2036 to 10/01/2037   7,981,498 8,177,455
6.00% TBA **   300,000 306,352
6.25% due 02/01/2011   270,000 283,013
6.50% due 09/01/2037   81,794 84,171
6.50% due 10/01/2032 to 05/01/2037 (b)   4,221,259 4,347,584
7.50% due 07/01/2030 to 02/01/2031   8,504 8,928
8.00% due 07/01/2027 to 08/01/2027   38,567 40,732
8.80% due 01/25/2019   23,192 25,292
10.40% due 04/25/2019   5,733 6,206
      126,221,288
 
Government National Mortgage      
Association - 2.33%      
5.00% due 06/15/2033 to 08/15/2035   2,391,580 2,449,119
5.00% TBA **   700,000 705,195
6.00% due 01/15/2037   6,688,470 6,844,447
7.50% due 04/15/2022 to 10/15/2027   9,384 10,167
        10,008,928
  
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $149,965,200)        $ 154,739,596
   
FOREIGN GOVERNMENT OBLIGATIONS - 3.38%  
Brazil - 1.51%      
Federative Republic of Brazil      
6.00% due 05/15/2015 BRL 633,000 404,359
6.00% due 05/15/2017   694,000 430,632
10.00% due 01/01/2012   1,093,000 425,186
10.00% due 07/01/2010   12,360,000 5,200,582
10.00% due 01/01/2010   1,000 430
      6,461,189
 
Indonesia - 0.21%      
Republic of Indonesia      
11.00% due 09/15/2025 IDR 14,993,000,000 906,201
Italy - 0.11%      
Republic of Italy      
5.804% due 10/25/2032 $ 440,000 488,789
Mexico - 0.28%      
Government of Mexico      
5.625% due 01/15/2017   684,000 608,760
6.75% due 09/27/2034   675,000 604,125
      1,212,885

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Russia - 0.66%      
Government of Russia      
7.50% due 03/31/2030 $ 3,406,480 $ 2,827,378
Turkey - 0.61%      
Republic of Turkey      
6.875% due 03/17/2036   3,715,000   2,600,500
TOTAL FOREIGN GOVERNMENT OBLIGATIONS    
(Cost $18,405,173)      $ 14,496,942
  
CORPORATE BONDS - 36.89%      
Aerospace - 0.10%      
DRS Technologies, Inc.      
6.625% due 02/01/2016   400,000 397,000
7.625% due 02/01/2018   25,000 24,812
      421,812
 
Air Travel - 0.41%      
Continental Airlines, Inc., Series C      
7.339% due 04/19/2014   140,000 94,808
DAE Aviation Holdings, Inc.      
11.25% due 08/01/2015 (h)   2,360,000 1,652,000
      1,746,808
Aluminum - 0.28%      
Novelis, Inc.      
7.25% due 02/15/2015   2,035,000 1,180,300
Auto Parts - 0.11%      
Keystone Automotive Operations, Inc.      
9.75% due 11/01/2013   90,000 34,200
Visteon Corp.      
8.25% due 08/01/2010   556,000 172,360
12.25% due 12/31/2016 (h)   1,437,000 244,290
      450,850
Auto Services - 0.33%      
Hertz Corp.      
10.50% due 01/01/2016   1,670,000 668,000
Penhall International Corp.      
12.00% due 08/01/2014 (h)   1,965,000 746,700
      1,414,700
Automobiles - 1.08%      
Ford Motor Company      
6.625% due 10/01/2028   150,000 28,500
7.45% due 07/16/2031   5,985,000 1,496,250
8.875% due 01/15/2022   90,000 19,800
8.90% due 01/15/2032   100,000 23,000
General Motors Corp.      
8.25% due 07/15/2023 (a)   580,000 116,000
8.375% due 07/15/2033   13,370,000 2,941,400
      4,624,950
Banking - 1.30%      
Bank of America Corp.      
5.42% due 03/15/2017   1,100,000 944,752
Glitnir Banki HF      
6.33% due 07/28/2011 (h)   440,000 15,400
6.375% due 09/25/2012 (h)   580,000 20,300
6.693% due 06/15/2016 (b)(h)   620,000 775
7.451% due 09/14/2049 (b)(h)   100,000 125

The accompanying notes are an integral part of the financial statements.
255

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
HSBC Bank PLC      
zero coupon due 11/01/2011 RUB 13,382,000 $ 433,925
HSBC Bank PLC, MTN      
zero coupon due 11/01/2011 $ 208,835 190,567
HSBC Bank USA, BKNT      
7.00% due 11/01/2011   27,312 21,582
7.00% due 11/01/2011   26,285 20,739
ICICI Bank, Ltd.      
6.375% due 04/30/2022 (b)(h)   786,000 395,829
6.375% due 04/30/2022 (b)   340,000 169,415
Kaupthing Bank HF      
7.125% due 05/19/2016 (h)   230,000 2,300
7.625% due 02/28/2015 (h)   1,280,000 43,200
RSHB Capital SA for OJSC Russian Agricultural    
Bank      
6.299% due 05/15/2017 (h)   1,130,000 581,724
7.125% due 01/14/2014   750,000 504,900
TuranAlem Finance BV      
8.25% due 01/22/2037 (h)   1,490,000 581,100
8.25% due 01/22/2037   500,000 195,000
Wachovia Corp.      
5.25% due 08/01/2014   1,740,000 1,438,082
      5,559,715
 
Broadcasting - 0.56%      
News America, Inc.      
5.30% due 12/15/2014   2,635,000 2,375,679
6.65% due 11/15/2037   50,000 40,092
      2,415,771
 
Building Materials & Construction - 0.36%    
Associated Materials, Inc.      
zero coupon, Step up to 11.25% on      
03/01/2009 due 03/01/2014 (a)   2,645,000 1,348,950
NTK Holdings, Inc.      
10.75% due 03/01/2014   865,000 198,950
      1,547,900
 
Business Services - 0.44%      
Affinion Group, Inc.      
10.125% due 10/15/2013   425,000 291,125
11.50% due 10/15/2015   130,000 76,050
Ceridian Corp., PIK      
12.25% due 11/15/2015 (h)   110,000 52,800
Electronic Data Systems Corp.      
7.125% due 10/15/2009   720,000 728,327
SunGard Data Systems, Inc.      
10.25% due 08/15/2015   610,000 353,800
U.S. Investigations Services, Inc.      
10.50% due 11/01/2015 (h)   510,000 372,300
      1,874,402
 
Cable & Television - 1.25%      
AT&T Broadband Corp.      
8.375% due 03/15/2013   785,000 784,591
Charter Communications Holdings I LLC      
11.00% due 10/01/2015   2,362,000 625,930
Charter Communications Holdings II LLC      
10.25% due 10/01/2013 (a)   267,000 121,485
Charter Communications Holdings LLC      
11.75 due 05/15/2011   2,000,000 420,000

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cable & Television (continued)      
Charter Communications Holdings LLC (continued)    
12.125 due 01/15/2012 $ 50,000 $ 21,000
Charter Communications, Inc.      
10.875% due 09/15/2014   380,000 272,650
Comcast Corp.      
6.50% due 01/15/2015   460,000 421,591
6.50% due 01/15/2017   230,000 207,580
CSC Holdings, Inc.      
6.75% due 04/15/2012   250,000 209,375
CSC Holdings, Inc., Series B      
8.125% due 08/15/2009   325,000 312,000
8.125% due 07/15/2009   25,000 24,000
Echostar DBS Corp.      
7.75% due 05/31/2015   1,030,000 757,050
Time Warner Entertainment Company LP      
8.375% due 07/15/2033   430,000 369,719
Time Warner, Inc.      
7.625% due 04/15/2031   955,000 820,957
      5,367,928
 
Cellular Communications - 0.18%      
ALLTEL Communications, Inc., PIK      
10.375% due 12/01/2017 (h)   130,000 141,700
Rogers Wireless, Inc.      
8.00% due 12/15/2012   20,000 18,400
True Move Company, Ltd.      
10.75% due 12/16/2013 (h)   385,000 134,750
Vimpelcom      
8.375% due 04/30/2013 (h)   880,000 484,000
      778,850
 
Chemicals - 0.10%      
Arco Chemical Company      
9.80% due 02/01/2020   75,000 24,000
Georgia Gulf Corp.      
10.75% due 10/15/2016   725,000 206,625
Huntsman International LLC      
7.875% due 11/15/2014   65,000 42,900
Methanex Corp.      
8.75% due 08/15/2012   125,000 122,969
Montell Finance Company BV      
8.10% due 03/15/2027 (h)   150,000 24,000
      420,494
 
Coal - 0.03%      
International Coal Group, Inc.      
10.25% due 07/15/2014   180,000 135,900
Commercial Services - 0.34%      
DI Finance/DynCorp International LLC, Series B    
9.50% due 02/15/2013   350,000 297,500
Rental Service Corp.      
9.50% due 12/01/2014   2,385,000 1,168,650
      1,466,150
 
Computers & Business Equipment - 0.02%    
Activant Solutions, Inc.      
9.50% due 05/01/2016   140,000 81,200
Construction Materials - 0.01%      
Nortek, Inc.      
8.50% due 09/01/2014   165,000 50,325

The accompanying notes are an integral part of the financial statements.
256

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Containers & Glass - 0.08%      
Graham Packaging Company      
9.875% due 10/15/2014 $ 220,000 $ 138,600
Graphic Packaging International Corp.      
9.50% due 08/15/2013   180,000 124,200
Plastipak Holdings, Inc.      
8.50% due 12/15/2015 (h)   95,000 65,075
Radnor Holdings Corp.      
11.00% due 03/15/2010   125,000 156
      328,031
 
Crude Petroleum & Natural Gas - 0.69%      
Anadarko Petroleum Corp.      
3.2188% due 09/15/2009 (b)   730,000 699,698
5.95% due 09/15/2016   50,000 43,795
Chesapeake Energy Corp.      
6.25% due 01/15/2018   90,000 58,950
6.50% due 08/15/2017   90,000 61,425
6.875% due 01/15/2016   450,000 317,250
7.00% due 08/15/2014   200,000 152,000
7.25% due 12/15/2018   260,000 182,000
Conoco, Inc.      
6.95% due 04/15/2029   1,020,000 969,916
Mariner Energy, Inc.      
7.50% due 04/15/2013   80,000 52,000
OPTI Canada, Inc.      
7.875% due 12/15/2014   220,000 83,600
8.25% due 12/15/2014   125,000 48,750
PetroHawk Energy Corp.      
9.125% due 07/15/2013   120,000 91,800
Quicksilver Resources, Inc.      
7.125% due 04/01/2016   250,000 143,750
W&T Offshore, Inc.      
8.25% due 06/15/2014 (h)   105,000 65,100
      2,970,034
 
Domestic Oil - 0.12%      
Exco Resources, Inc.      
7.25% due 01/15/2011   335,000 257,950
Whiting Petroleum Corp.      
7.00% due 02/01/2014   375,000 253,125
      511,075
 
Drugs & Health Care - 0.19%      
Humana, Inc.      
6.30% due 08/01/2018   1,065,000 815,522
Educational Services - 0.18%      
Education Management Corp.      
10.25% due 06/01/2016   1,105,000 767,975
Electrical Utilities - 2.97%      
AES Corp.      
7.75% due 03/01/2014   2,813,000 2,060,522
7.75% due 10/15/2015   270,000 189,675
8.00% due 10/15/2017   2,215,000 1,528,350
9.375% due 09/15/2010   1,100,000 946,000
Dominion Resources, Inc.      
5.70% due 09/17/2012   730,000 687,211
Edison Mission Energy      
7.00% due 05/15/2017   280,000 210,000
7.20% due 05/15/2019   370,000 270,100

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
Edison Mission Energy (continued)      
7.625% due 05/15/2027 $ 130,000 $ 88,400
7.75% due 06/15/2016   140,000 109,550
Energy Future Holdings Corp.      
11.25% due 11/01/2017 (h)   4,370,000 2,327,025
Exelon Corp.      
5.625% due 06/15/2035   170,000 98,663
FirstEnergy Corp.      
6.45% due 11/15/2011   430,000 403,663
7.375% due 11/15/2031   675,000 555,134
Mirant Mid Atlantic LLC, Series B      
9.125% due 06/30/2017   536,717 461,040
Orion Power Holdings, Inc.      
12.00% due 05/01/2010   170,000 164,900
Pacific Gas & Electric Company      
6.05% due 03/01/2034   490,000 427,193
TXU Corp., Series P      
5.55% due 11/15/2014   1,000,000 479,257
TXU Corp., Series Q      
6.50% due 11/15/2024   460,000 190,673
TXU Corp., Series R      
6.55% due 11/15/2034   3,880,000 1,552,861
      12,750,217
 
Electronics - 0.13%      
L-3 Communications Corp.      
7.625% due 06/15/2012   550,000 508,750
L-3 Communications Corp., Series B      
6.375% due 10/15/2015   75,000 62,250
      571,000
 
Energy - 0.54%      
Dynegy Holdings, Inc.      
7.75% due 06/01/2019   330,000 219,450
Mirant North America LLC      
7.375% due 12/31/2013   300,000 259,500
NRG Energy, Inc.      
7.25% due 02/01/2014   1,150,000 937,250
7.375% due 02/01/2016   910,000 739,375
VeraSun Energy Corp.      
9.375% due 06/01/2017   120,000 13,800
9.875% due 12/15/2012   250,000 143,750
      2,313,125
 
Financial Services - 10.25%      
Aiful Corp.      
5.00% due 08/10/2010 (h)   440,000 287,588
American General Finance Corp.      
6.90% due 12/15/2017   280,000 111,300
Bear Stearns Companies, Inc.      
7.25% due 02/01/2018   2,650,000 2,672,263
CDX North America High Yield, Series 8-T1      
7.625% due 06/29/2012 (h)   8,939,700 7,509,348
Citigroup, Inc.      
5.00% due 09/15/2014   1,080,000 885,464
5.625% due 08/27/2012   1,090,000 971,241
5.875% due 05/29/2037   8,270,000 6,831,012
6.125% due 08/25/2036   50,000 38,134
6.875% due 03/05/2038   1,240,000 1,163,535

The accompanying notes are an integral part of the financial statements.
257

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
Countrywide Financial Corp.      
6.25% due 05/15/2016 $ 420,000 $ 387,897
Credit Suisse Nassau      
6.79% due 10/29/2009 (h) RUB 16,500,000 552,185
7.00% due 10/27/2011 (h)   5,500,000 160,611
Credit Suisse USA, Inc.      
5.50% due 08/16/2011 $ 270,000 262,491
El Paso Performance-Linked Trust      
7.75% due 07/15/2011 (h)   980,000 812,879
Ford Motor Credit Company LLC      
7.00% due 10/01/2013   80,000 33,665
7.375% due 10/28/2009   70,000 42,700
7.5688% due 01/13/2012 (b)   60,000 26,400
7.80% due 06/01/2012   700,000 301,916
7.875% due 06/15/2010   1,875,000 955,755
8.0688% due 06/15/2011 (b)   836,000 359,480
9.875% due 08/10/2011   725,000 348,000
12.00% due 05/15/2015   9,990,000 4,873,931
General Motors Acceptance Corp.      
5.85% due 01/14/2009   350,000 292,192
8.00% due 11/01/2031   14,195,000 3,733,171
GMAC LLC      
6.00% due 04/01/2011   1,945,000 691,208
Goldman Sachs Group LP      
4.50% due 06/15/2010   580,000 547,591
Hawker Beechcraft Acquisition Company LLC    
8.875% due 04/01/2015   735,000 301,350
HSBC Finance Capital Trust IX      
5.911% due 11/30/2035 (b)   1,650,000 948,804
International Lease Finance Corp.      
5.875% due 05/01/2013   815,000 544,311
JPMorgan Chase & Company      
6.625% due 03/15/2012   970,000 956,559
Lehman Brothers Holdings, Inc.      
4.50% due 07/26/2010 ^   775,000 77,500
6.20% due 09/26/2014 ^   290,000 29,000
Lehman Brothers Holdings, Inc., MTN      
6.75% due 12/28/2017 ^   2,620,000 262
Leucadia National Corp.      
8.125% due 09/15/2015   970,000 841,475
Merrill Lynch & Company, Inc.      
5.70% due 05/02/2017   1,090,000 894,231
Morgan Stanley      
4.75% due 04/01/2014   2,280,000 1,653,581
4.9525% due 10/18/2016 (b)   250,000 172,688
Residential Capital LLC      
9.625% due 05/15/2015 (h)   2,544,000 260,760
Shinsei Finance Cayman, Ltd.      
6.418% due 01/29/2049 (b)(h)   850,000 199,836
TNK-BP Finance SA      
6.625% due 03/20/2017   480,000 215,789
7.50% due 07/18/2016 (h)   1,330,000 585,200
7.875% due 03/13/2018 (h)   340,000 146,200
Wells Fargo Company      
5.30% due 08/26/2011   1,250,000 1,255,824
      43,935,327

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Food & Beverages - 0.30%      
Dole Food Company, Inc.      
7.25% due 06/15/2010 $ 230,000 $ 162,150
8.625% due 05/01/2009   1,200,000 1,074,000
Kroger Company      
6.40% due 08/15/2017   40,000 37,681
      1,273,831
 
Forest Products - 0.10%      
Weyerhaeuser Company      
6.75% due 03/15/2012   480,000 411,455
Funeral Services - 0.02%      
Service Corp. International      
7.50% due 04/01/2027   30,000 18,900
7.625% due 10/01/2018   65,000 46,800
      65,700
 
Furniture & Fixtures - 0.15%      
Norcraft Companies LP      
9.00% due 11/01/2011   400,000 360,000
Norcraft Holdings Capital      
9.75 due 09/01/2012   350,000 280,000
      640,000
 
Gas & Pipeline Utilities - 1.75%      
El Paso Corp.      
7.00% due 06/15/2017   1,330,000 946,951
7.375% due 12/15/2012   475,000 402,666
7.75% due 01/15/2032   5,510,000 3,471,294
7.80% due 08/01/2031   1,783,000 1,132,093
7.875% due 06/15/2012   500,000 416,555
El Paso Natural Gas Company      
8.375% due 06/15/2032   480,000 391,459
Kinder Morgan Energy Partners LP      
5.00% due 12/15/2013   140,000 119,995
6.30% due 02/01/2009   100,000 99,851
6.75% due 03/15/2011   100,000 96,142
7.125% due 03/15/2012   20,000 19,172
Williams Companies, Inc.      
7.625% due 07/15/2019   25,000 19,125
7.875% due 09/01/2021   275,000 209,000
8.75% due 03/15/2032   267,000 194,910
      7,519,213
 
Healthcare Products - 0.24%      
Advanced Medical Optics, Inc.      
7.50% due 05/01/2017   95,000 52,250
Biomet, Inc.      
10.375% due 10/15/2017   180,000 133,200
11.625% due 10/15/2017   1,020,000 765,000
Leiner Health Products, Inc.      
11.00% due 06/01/2012   500,000 25,000
Universal Hospital Services, Inc.      
6.3025% due 06/01/2015 (b)   50,000 32,500
8.50% due 06/01/2015   40,000 30,400
      1,038,350
 
Healthcare Services - 0.29%      
DaVita, Inc.      
7.25% due 03/15/2015   420,000 363,300

The accompanying notes are an integral part of the financial statements.
258

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Healthcare Services (continued)      
U.S. Oncology Holdings, Inc., PIK      
8.3344% due 03/15/2012 $ 219,000 $ 137,970
Vanguard Health Holding Company I LLC      
11.25% due 10/01/2015   300,000 231,000
Vanguard Health Holding Company II LLC      
9.00% due 10/01/2014   640,000 512,000
      1,244,270
 
Holdings Companies/Conglomerates - 0.08%    
Ashtead Capital, Inc.      
9.00% due 08/15/2016 (h)   558,000 323,640
Leucadia National Corp.      
7.125% due 03/15/2017   10,000 8,275
      331,915
 
Homebuilders - 0.14%      
K Hovnanian Enterprises, Inc.      
11.50% due 05/01/2013   810,000 619,650
Hotels & Restaurants - 0.05%      
Buffets, Inc.      
12.50% due 11/01/2014   195,000 487
CCM Merger, Inc.      
8.00% due 08/01/2013 (h)   105,000 58,800
El Pollo Loco, Inc.      
11.75% due 11/15/2013   95,000 70,300
Sbarro, Inc.      
10.375% due 02/01/2015   170,000 95,200
      224,787
 
Industrial Machinery - 0.05%      
H&E Equipment Services, Inc.      
8.375% due 07/15/2016   445,000 231,400
Insurance - 0.02%      
American International Group, Inc., MTN      
5.85% due 01/16/2018   160,000 95,012
International Oil - 1.88%      
Corral Finans AB, PIK      
6.2525% due 04/15/2010 (b)(h)   105,484 68,037
Gaz Capital for Gazprom      
6.212% due 11/22/2016 (h)   1,070,000 620,600
6.51% due 03/07/2022 (h)   480,000 244,800
8.625% due 04/28/2034   800,000 600,000
KazMunaiGaz Finance Sub BV      
8.375% due 07/02/2013 (h)   1,230,000 934,800
Kerr-McGee Corp.      
6.95% due 07/01/2024   490,000 405,969
OAO Gazprom      
9.625% due 03/01/2013   150,000 123,640
Pemex Project Funding Master Trust      
6.625% due 06/15/2035   6,389,000 4,803,327
6.625% due 06/15/2035 (h)   140,000 105,254
Petroplus Finance, Ltd.      
6.75% due 05/01/2014 (h)   110,000 70,950
7.00% due 05/01/2017 (h)   130,000 80,600
      8,057,977
 
Leisure Time - 0.18%      
Boyd Gaming Corp.      
6.75% due 04/15/2014   400,000 240,000

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Leisure Time (continued)      
Inn of the Mountain Gods Resort & Casino      
12.00% due 11/15/2010 $ 190,000 $ 62,700
MGM Mirage, Inc.      
6.625% due 07/15/2015   20,000 10,550
7.625% due 01/15/2017   310,000 159,650
Mohegan Tribal Gaming Authority      
6.875% due 02/15/2015   150,000 80,250
7.125% due 08/15/2014   150,000 78,750
River Rock Entertainment Authority      
9.75% due 11/01/2011   25,000 20,500
Snoqualmie Entertainment Authority      
6.875% due 02/01/2014 (b)(h)   45,000 26,550
Station Casinos, Inc.      
7.75% due 08/15/2016   240,000 73,200
      752,150
 
Manufacturing - 0.86%      
Sequa Corp.      
11.75% due 12/01/2015 (h)   140,000 61,600
13.50% due 12/01/2015 (h)   144,725 54,996
Tyco International Group SA      
6.00% due 11/15/2013   1,040,000 900,572
6.125% due 01/15/2009   20,000 19,964
6.375% due 10/15/2011   180,000 166,598
6.75% due 02/15/2011   360,000 347,869
Tyco International, Ltd.      
6.875% due 01/15/2021   2,760,000 2,148,092
      3,699,691
 
Medical-Hospitals - 1.05%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   360,000 291,600
HCA, Inc.      
6.375% due 01/15/2015   265,000 152,375
7.50% due 12/15/2023   25,000 12,617
7.50% due 11/06/2033   30,000 14,700
9.125% due 11/15/2014   670,000 544,375
9.25% due 11/15/2016   1,140,000 926,250
9.625% due 11/15/2016   2,738,000 1,971,360
Tenet Healthcare Corp.      
6.875% due 11/15/2031   1,125,000 517,500
7.375% due 02/01/2013   125,000 86,250
      4,517,027
 
Metal & Metal Products - 0.00%      
Noranda Aluminium Holding Corp.      
8.345% due 11/15/2014 (b)   160,000 19,200
Mining - 0.92%      
Freeport-McMoRan Copper & Gold, Inc.      
8.375% due 04/01/2017   1,600,000 1,104,000
Vale Overseas, Ltd.      
6.875% due 11/21/2036   3,117,000 2,539,071
Vedanta Resources PLC      
8.75% due 01/15/2014 (h)   600,000 312,750
      3,955,821
 
Office Furnishings & Supplies - 0.05%      
Interface, Inc.      
9.50% due 02/01/2014   100,000 80,000

The accompanying notes are an integral part of the financial statements.
259

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Office Furnishings & Supplies      
(continued)      
Interface, Inc. (continued)      
10.375% due 02/01/2010 $ 150,000 $ 144,750
      224,750
 
Paper - 0.59%      
Abitibi-Consolidated Company of Canada      
13.75% due 04/01/2011 (h)   690,000 483,000
Appleton Papers, Inc.      
8.125% due 06/15/2011   15,000 9,675
Appleton Papers, Inc., Series B      
9.75% due 06/15/2014   305,000 164,700
NewPage Corp.      
9.4425% due 05/01/2012 (b)   1,705,000 895,125
NewPage Holding Corp.      
10.265% due 11/01/2013 (b)   1,336,604 598,130
Smurfit Capital Funding PLC      
7.50% due 11/20/2025   200,000 132,000
Verso Paper Holdings LLC, Series B      
11.375% due 08/01/2016   710,000 262,700
      2,545,330
 
Petroleum Services - 0.40%      
Anadarko Finance Company, Series B      
7.50% due 05/01/2031   730,000 592,573
Belden & Blake Corp.      
8.75% due 07/15/2012   725,000 507,500
Compagnie Generale de Geophysique SA      
7.50% due 05/15/2015   50,000 32,500
Complete Production Services, Inc.      
8.00% due 12/15/2016   235,000 148,050
Enterprise Products Operating LP      
8.375% due 08/01/2066 (b)   210,000 131,250
Key Energy Services, Inc.      
8.375% due 12/01/2014   150,000 104,625
Pride International, Inc.      
7.375% due 07/15/2014   210,000 179,025
SemGroup LP      
8.75% due 11/15/2015 (h)   200,000 4,000
      1,699,523
 
Photography - 1.61%      
Eastman Kodak Company      
3.375% due 10/15/2033   4,210,000 3,483,775
7.25% due 11/15/2013   4,790,000 3,400,900
      6,884,675
 
Publishing - 0.25%      
Dex Media West LLC      
9.875% due 08/15/2013   75,000 16,500
Idearc, Inc.      
8.00% due 11/15/2016   1,235,000 111,150
TL Acquisitions, Inc.      
10.50% due 01/15/2015 (h)   1,740,000 939,600
      1,067,250
 
Railroads & Equipment - 0.20%      
Grupo Transportacion Ferroviaria Mexicana,      
SA de CV      
9.375% due 05/01/2012   130,000 103,350

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Railroads & Equipment (continued)      
Kansas City Southern de Mexico SA de CV      
7.375% due 06/01/2014 $ 850,000 $ 624,750
7.625% due 12/01/2013   50,000 37,750
Kansas City Southern Railway Company      
7.50% due 06/15/2009   120,000 113,100
      878,950
 
Real Estate - 0.10%      
Ashton Woods USA      
9.50% due 10/01/2015   75,000 15,000
Forest City Enterprises, Inc.      
7.625% due 06/01/2015   5,000 2,500
Realogy Corp.      
10.50% due 04/15/2014   711,000 124,425
11.00% due 04/15/2014   750 114
12.375% due 04/15/2015   900,000 146,250
Ventas Realty LP      
6.50% due 06/01/2016   35,000 27,388
6.75% due 04/01/2017   150,000 112,500
      428,177
 
Retail - 0.16%      
Michaels Stores, Inc.      
10.00% due 11/01/2014   800,000 252,000
Suburban Propane Partners LP      
6.875% due 12/15/2013   365,000 279,225
Wal-Mart Stores, Inc.      
5.80% due 02/15/2018   140,000 146,015
      677,240
 
Retail Grocery - 0.01%      
Kroger Company      
6.15% due 01/15/2020   60,000 53,708
Retail Trade - 0.84%      
American Greetings Corp.      
7.375% due 06/01/2016   15,000 11,925
Blockbuster, Inc.      
9.00% due 09/01/2012 (a)   1,190,000 589,050
CVS Corp.      
9.35% due 01/10/2023 (h)   1,700,000 1,525,699
CVS Pass-Through Trust      
6.036% due 12/10/2028 (h)   449,209 356,591
Dollar General Corp., PIK      
11.875% due 07/15/2017   350,000 280,875
Neiman Marcus Group, Inc.      
9.00% due 10/15/2015 (h)   1,940,000 824,500
      3,588,640
 
Sanitary Services - 0.16%      
Waste Management, Inc.      
6.375% due 11/15/2012   730,000 686,799
Semiconductors - 0.02%      
NXP BV/NXP Funding LLC      
7.875% due 10/15/2014   120,000 36,000
9.50% due 10/15/2015   25,000 4,500
Sensata Technologies B.V.      
8.00% due 05/01/2014 (h)   120,000 54,000
      94,500

The accompanying notes are an integral part of the financial statements.
260

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Steel - 1.09%      
Evraz Group SA      
8.875% due 04/24/2013 (h) $ 1,050,000 $ 456,750
GTL Trade Finance, Inc.      
7.25% due 10/20/2017 (h)   2,390,000 2,000,765
Metals USA, Inc.      
11.125% due 12/01/2015   450,000 276,750
Ryerson, Inc.      
12.00% due 11/01/2015 (h)   2,845,000 1,763,900
Steel Dynamics, Inc.      
7.375% due 11/01/2012   110,000 81,400
Tube City IMS Corp.      
9.75% due 02/01/2015   155,000 77,500
      4,657,065
 
Telecommunications Equipment &      
Services - 0.34%      
Citizens Communications Company      
7.875% due 01/15/2027   200,000 98,000
Deutsche Telekom International Finance BV      
5.75% due 03/23/2016   430,000 373,659
Hawaiian Telcom Communications, Inc., Series B    
12.50% due 05/01/2015   110,000 550
Intelsat Bermuda, Ltd.      
11.25% due 06/15/2016   510,000 410,550
Royal KPN NV      
8.00% due 10/01/2010   580,000 577,837
      1,460,596
 
Telephone - 0.84%      
Cincinnati Bell Telephone Company      
6.30% due 12/01/2028   95,000 54,150
Level 3 Financing, Inc.      
9.25% due 11/01/2014   460,000 241,500
Nordic Telephone Company Holdings      
8.875% due 05/01/2016 (h)   470,000 340,750
Qwest Communications International, Inc., Series B    
7.50% due 02/15/2014   306,000 198,900
Qwest Corp.      
6.0687% due 06/15/2013 (b)   90,000 63,000
Sprint Capital Corp.      
8.375% due 03/15/2012   1,750,000 1,190,000
Telecom Italia Capital SA      
5.25% due 10/01/2015   500,000 360,000
Verizon Florida LLC, Series F      
6.125% due 01/15/2013   295,000 268,652
Virgin Media, Inc.      
9.125% due 08/15/2016   950,000 669,750
Windstream Corp.      
8.625% due 08/01/2016   255,000 198,900
      3,585,602
 
Tobacco - 0.08%      
Alliance One International, Inc.      
8.50% due 05/15/2012   50,000 37,250
11.00% due 05/15/2012   390,000 319,800
      357,050
 
Travel Services - 0.00%      
Expedia, Inc.      
8.50% due 07/01/2016 (h)   30,000 18,300

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Trucking & Freight - 0.02%      
Saint Acquisition Corp.      
9.8988% due 05/15/2015 (b)(h) $ 160,000  $ 18,400
12.50% due 05/15/2017 (h)   485,000 64,869
          83,269
  
TOTAL CORPORATE BONDS (Cost $262,254,883)    $ 158,189,234
  
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 8.81%      
Banc of America Commercial Mortgage, Inc.,    
Series 2006-1, Class A4      
5.372% due 09/10/2045 (b)   340,000 235,339
Bear Stearns Structured Products Inc., Series    
2007-EMX1, Class A1      
2.395% due 03/25/2037 (b)(h)   3,679,129 3,549,256
Bear Stearns Structured Products, Inc., Series    
2007-R11, Class A1A      
1.995% due 09/27/2037 (b)(h)   4,542,124 4,527,636
Commercial Mortgage Asset Trust,      
Series 1999-C1, Class C      
7.35% due 01/17/2032   295,000 261,793
Commercial Mortgage Pass-Through Certificates,    
Series 2001-J2A, Class A1      
5.447% due 07/16/2034   251,146 231,963
Countrywide Alternative Loan Trust, Series      
2006-OA9, Class 1A1      
1.6525% due 07/20/2046 (b)   1,936,925 690,109
Countrywide Alternative Loan Trust, Series      
2006-OA9, Class 2A1B      
1.6525% due 07/20/2046 (b)   1,310,316 452,203
Countrywide Home Loans, Series 2006-HYB3,    
Class 2A1A      
5.7053% due 04/20/2036 (b)   113,246 58,595
Credit Suisse Mortgage Capital Certificates, Series    
2006-C1, Class A4      
5.609% due 02/15/2039 (b)   1,675,000 1,176,819
Federal Home Loan Mortgage Corp., Series 3330,    
Class VA      
5.00% due 06/15/2018   269,714 275,817
First Boston Mortgage Securities Corp., Series D,    
Class I-O      
10.965% IO due 05/25/2017   8,914 1,887
First Union National Bank Commercial Mortgage,    
Series 2000-C1      
0.8125% IO due 05/17/2032   12,590,041 118,360
GMAC Mortgage Corp Loan Trust, Series      
2004-AR1, Class 24A      
5.058% due 06/25/2034   752,072 350,916
Green Tree Financial Corp., Series 1997-6, Class A8    
7.07% due 09/15/2007   343,936 300,551
GSMPS Mortgage Loan Trust, Series 2005-RP2,    
Class 1AF      
1.745% due 03/25/2035 (b)(h)   725,169 564,106
GSR Mortgage Loan Trust, Series 2004-7, Class    
4A1      
4.8436% due 06/25/2034 (b)   689,456 461,285
GSRPM Mortgage Loan Trust, Series 2003-1,    
Class A3      
1.895% due 01/25/2032 (b)   76,211 62,967

The accompanying notes are an integral part of the financial statements.
261

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Harborview Mortgage Loan Trust, Series 2007-7,    
Class 2A1A      
2.395% due 11/25/2047 (b) $ 3,725,963  $ 1,513,441
Impac CMB Trust, Series 2003-4, Class 1A1    
2.035% due 10/25/2033 (b)   45,702 26,909
IndyMac Index Mortgage Loan Trust, Series      
2005-AR14, Class 2A1A      
1.695% due 08/25/2035 (b)   1,215,343 525,781
IndyMac Index Mortgage Loan Trust, Series      
2006-AR6, Class 2A1A      
1.595% due 06/25/2047 (b)   3,331,249 1,353,595
IndyMac Index Mortgage Loan Trust, Series      
2007-AR15, Class 2A1      
5.9585% due 08/25/2037 (b)   2,463,932 994,128
Indymac Index Mortgage Loan Trust, Series      
2007-AR5, Class 2A1      
6.053% due 05/25/2037 (b)   1,810,075 710,958
JPMorgan Chase Commercial Mortgage Securities    
Corp, Series 2006-CB15, Class A4      
5.814% due 06/12/2043 (b)   2,370,000 1,574,173
JPMorgan Mortgage Trust, Series 2005-A6, Class    
7A1      
4.9627% due 08/25/2035 (b)   95,630 69,269
Luminent Mortgage Trust, Series 2006-4, Class A1A    
1.585% due 05/25/2046 (b)   1,565,541 704,940
Master Adjustable Rate Mortgages Trust, Series    
2007-R5, Class A1      
5.6539% due 11/25/2035 (b)   1,462,227 1,420,993
Master Adjustable Rate Mortgages Trust., Series    
2007-3, Class 12A1      
2.6719% due 05/25/2047 (b)   3,941,476 1,595,845
Master Adjustable Rate Mortgages Trust.,      
Series 2006-2, Class 3A1      
4.8449% due 01/25/2036 (b)   133,582 104,637
Master Adjustable Rate Mortgages Trust.,      
Series 2006-OA1, Class 1A1      
1.605% due 04/25/2046 (b)   2,494,699 992,962
MASTR Asset Securitization Trust, Series 2003-6,    
Class 1A1      
5.50% due 07/25/2033   1,185,694 1,086,935
Merit Securities Corp., Series 11PA, Class B2    
4.74% due 09/28/2032 (b)(h)   366,943 255,645
Merrill Lynch Mortgage Trust, Series 2006-C1,    
Class A4      
5.8409% due 05/12/2039 (b)   970,000 682,011
Morgan Stanley Mortgage Loan Trust, Series    
2004-8AR, Class 4A1      
5.3637% due 10/25/2034 (b)   598,430 308,083
Novastar Mortgage-Backed Notes, Series      
2006-MTA1, Class 2A1A      
1.585% due 09/25/2046 (b)   1,507,053 638,256
Prime Mortgage Trust, Series 2006-DR1, Class 2A2    
6.00% due 11/25/2036 (h)   1,873,558 1,131,087
Structured Asset Mortgage Investments, Inc.,    
Series 2005-AR3, Class 2A1      
6.0451% due 08/25/2035 (b)   102,553 76,565
Structured Asset Mortgage Investments, Inc.,    
Series 2006-AR6, Class 1A3      
1.585% due 07/25/2046 (b)   1,755,744 432,537

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Thornburg Mortgage Securities Trust, Series    
2006-1, Class A3      
1.565% due 01/25/2046 (b) $ 820,226  $ 812,844
Thornburg Mortgage Securities Trust, Series    
2006-3, Class A2      
1.50% due 05/25/2046 (b)   1,972,466 1,757,123
Thornburg Mortgage Securities Trust, Series    
2006-3, Class A3      
1.505% due 06/25/2046 (b)   2,139,025 2,084,056
Thornburg Mortgage Securities Trust, Series    
2007-4, Class 2A1      
6.2157% due 09/25/2037 (b)   1,496,209 1,046,771
Thornburg Mortgage Securities Trust, Series    
2007-4, Class 3A1      
6.2125% due 09/25/2037 (b)   1,425,825 989,200
WaMu Mortgage Pass Through Certificates, Series    
2007-HY3, Class 4A1      
5.3488% due 03/25/2037 (b)   1,769,275 1,079,258
WaMu Mortgage Pass-Through Certificates, Series    
2005-AR17, Class A1A1      
1.665% due 12/25/2045 (b)   1,221,899   499,751
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS     
(Cost $58,291,917)      $ 37,787,355
  
ASSET BACKED SECURITIES - 5.79%      
ACE Securities Corp., Series 2006-GP1, Class A    
1.525% due 02/25/2031 (b)   1,052,995 867,239
Amortizing Residential Collateral Trust,      
Series 2002-BC6, Class M2      
3.195% due 08/25/2032 (b)   64,352 29,609
Asset Backed Securities Corp.,      
Series 2003-HE2, Class M2      
4.2725% due 04/15/2033 (b)   48,343 29,723
Bear Stearns Asset Backed Securities Inc., Series    
2003-ABF1, Class A      
1.765% due 01/25/2034 (b)   52,756 41,325
Bear Stearns Asset Backed Securities Inc., Series    
2007-SD1, Class 1A2A      
6.00% due 10/25/2036   2,783,954 2,235,519
Bear Stearns Asset Backed Securities Inc., Series    
2007-SD1, Class 1A3A      
6.50% due 10/25/2036   2,744,352 2,252,181
Bear Stearns Asset Backed Securities Trust,      
Series 2007-HE6, Class 1A1      
2.645% due 08/25/2037 (b)   1,872,392 1,597,384
Countrywide Asset-Backed Certificates, Series    
2007-SD1, Class A1      
1.845% due 03/25/2047 (b)   559,900 408,335
Countrywide Asset-Backed Certificates,      
Series 2004-5, Class M4      
2.645% due 06/25/2034 (b)   182,256 77,285
Ellington Loan Acquisition Trust, Series 2007-1,    
Class A2A1      
2.395% due 05/25/2037 (b)(h)   1,978,281 1,805,504
Ellington Loan Acquisition Trust, Series 2007-1,    
Class A2C      
2.645% due 05/25/2037 (b)(h)   2,300,000 1,167,651
EMC Mortgage Loan Trust, Series 2003-B, Class A1    
1.945% due 11/25/2041 (b)(h)   214,816 196,983

The accompanying notes are an integral part of the financial statements.
262

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
GSAMP Trust, Series 2006-S4, Class A1      
1.485% due 05/25/2036 (b) $ 505,657 $ 192,096
IndyMac Seconds Asset Backed Trust, Series    
2006-A, Class A      
1.525% due 06/25/2036 (b)   1,462,616 271,519
Merrill Lynch First Franklin Mortgage Loan Trust,    
Series 2007-H1, Class 2A1      
2.895% due 10/25/2037 (b)   3,793,818 3,273,500
Mid State Trust, Series 6, Class A1      
7.34% due 07/01/2035   529,753 516,230
Morgan Stanley Mortgage Loan Trust, Series    
2006-4SL, Class A1      
1.545% due 03/25/2036 (b)   864,124 262,284
Nelnet Student Loan Trust, Series 2008-4, Class A4    
4.28% due 04/25/2024 (b)   810,000 704,700
RAAC Series, Series 2006-RP2, Class A      
1.645% due 02/25/2037 (b)(h)   1,121,280 816,053
RAAC Series, Series 2007-RP3, Class A      
1.775% due 10/25/2046 (b)   1,752,901 1,213,467
Residential Asset Mortgage Products Inc., Series    
2003-RS4, Class AIIB      
2.055% due 05/25/2033 (b)   35,713 25,822
SACO I Trust, Inc., Series 2006-5, Class 1A    
1.545% due 04/25/2036 (b)   1,864,004 378,292
SACO I Trust, Inc., Series 2006-5, Class 2A3    
1.575% due 05/25/2036 (b)   1,490,000 87,482
SACO I Trust, Inc., Series 2006-6, Class A      
1.525% due 06/25/2036 (b)   1,335,020 239,354
Sail Net Interest Margin Notes, Series 2004-2A,    
Class A      
5.50% due 03/27/2034 (h)   23,428 2
Securitized Asset Backed Receivables LLC, Series    
2007-BR2, Class A2      
1.6257% due 02/25/2037 (b)   3,441,778 1,675,447
SLM Student Loan Trust, Series 2006-5, Class A2    
3.525% due 07/25/2017 (b)   928,707 919,633
Structured Asset Securities Corp., Series      
2006-ARS1, Class A1      
1.505% due 02/25/2036 (b)(h)   1,279,804 169,864
Structured Asset Securities Corp., Series      
2007-TC1, Class A      
1.695% due 04/25/2031 (b)(h)   3,528,391 2,359,548
Structured Asset Securities Corp., Series      
2008-BC4, Class A3      
3.5088% due 11/25/2037 (b)   1,135,596   995,115
TOTAL ASSET BACKED SECURITIES        
(Cost $38,907,585)       $ 24,809,146
   
SUPRANATIONAL OBLIGATIONS - 0.20%    
Venezuela - 0.20%      
Corporacion Andina de Fomento      
6.875% due 03/15/2012     916,000   876,421
TOTAL SUPRANATIONAL OBLIGATIONS       
(Cost $984,819)        $ 876,421
 
Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 0.00%      
Household Products - 0.00%      
Home Interiors & Gifts, Inc. *    674,617  $ 6,746
TOTAL COMMON STOCKS (Cost $183,738)     $ 6,746
  
PREFERRED STOCKS - 0.16%      
Automobiles - 0.07%      
General Motors Corp., Series C, 6.25%   76,275 312,727
Financial Services - 0.09%      
Federal Home Loan Mortgage Corp., Series V * 121,625 69,326
Federal Home Loan Mortgage Corp., Series Z * 56,575 42,431
Federal National Mortgage Association,      
Series S *   39,250 42,783
Resona Preferred Global      
Securities (Cayman), Ltd. (h)(j)   440,000 221,304
        375,844
TOTAL PREFERRED STOCKS (Cost $6,827,540)    $ 688,571
 
TERM LOANS - 2.24%      
Auto Services - 0.30%      
Hertz Corp.      
6.75% due 01/21/2012 (b)   1,987,324 1,289,553
Business Services - 0.20%      
First Data Corp.      
5.9263% due 10/15/2014 (b)   1,247,400 849,230
Commercial Services - 0.28%      
Aramark Corp.      
2.4688% due 01/31/2014 (b)   1,500,000 1,188,375
Electrical Utilities - 0.48%      
Calpine Corp.      
8.60% due 03/29/2009 (b)   2,977,500 2,062,333
Medical-Hospitals - 0.35%      
Community Health Systems, Inc., Tranche B    
7.6143% due 07/02/2014 (b)   2,017,562 1,481,332
Paper - 0.37%      
Georgia Pacific      
3.5175% due 12/23/2013 (b)   2,061,581 1,578,826
Semiconductors - 0.26%      
Freescale Semiconductor      
3.185% due 12/01/2013 (b)    1,984,848   1,135,085
TOTAL TERM LOANS (Cost $12,459,358)      $ 9,584,734
  
REPURCHASE AGREEMENTS - 9.23%    
Merrill Lynch Tri-Party Repurchase      
Agreement dated 11/28/2008 at      
0.18% to be repurchased at      
$39,600,594 on 12/01/2008,      
collateralized by $40,395,000      
Federal National Mortgage      
Association, 0% due 12/08/2008      
(valued at $40,392,000, including      
interest) $  39,600,000  $ 39,600,000
TOTAL REPURCHASE AGREEMENTS        
(Cost $39,600,000)       $ 39,600,000

The accompanying notes are an integral part of the financial statements.
263

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS - 7.84%    
Bank Negara Malaysia Monetary Notes, Series 3508    
zero coupon due 02/17/2009 MYR 100,000 $ 29,773
Bank Negara Malaysia Monetary Notes, Series 4008    
zero coupon due 12/30/2008   672,000 194,359
Egypt Treasury Bills, Series 364      
zero coupon due 04/21/2009 EGP 1,225,000 220,694
Federal Home Loan Bank Discount Notes      
zero coupon due 05/20/2009 $ 8,900,000 8,849,567
Federal Home Loan Mortgage Corp.      
zero coupon due 05/05/2009   9,900,000 9,846,719
Federal National Mortgage Association Discount    
Notes      
zero coupon due 05/05/2009   8,900,000 8,852,100
zero coupon due 12/15/2008 (m)   4,265,000 4,261,669
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)   1,357,268   1,357,268
TOTAL SHORT TERM INVESTMENTS          
(Cost $33,612,149)        $ 33,612,149
Total Investments (Strategic Bond Fund)      
(Cost $635,437,617) - 113.69%   $ 487,521,382
Liabilities in Excess of Other Assets - (13.69)%   (58,712,866)
TOTAL NET ASSETS - 100.00%   $ 428,808,516

Strategic Income Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 3.51%    
U.S. Treasury Bonds - 0.92%      
8.125% due 08/15/2019 $ 930,000 $ 1,303,453
9.25% due 02/15/2016   1,635,000 2,302,412
      3,605,865
U.S. Treasury Notes - 2.59%      
4.25% due 08/15/2015   2,630,000 2,950,121
4.75% due 05/15/2014 (a)   3,445,000 3,948,563
4.875% due 08/15/2016   2,875,000 3,305,577
        10,204,261
   
TOTAL U.S. TREASURY OBLIGATIONS      
(Cost $12,266,271)       $ 13,810,126
  
U.S. GOVERNMENT AGENCY OBLIGATIONS - 14.07%  
Federal National Mortgage      
Association - 14.07%      
5.00% due 01/01/2023 to 06/01/2023   9,545,012 9,659,105
5.375% due 06/12/2017 (a)   7,265,000 7,853,007
5.50% due 10/01/2036 to 09/01/2037   15,992,741 16,274,488
6.00% due 08/01/2022 to 10/01/2037   14,709,685 15,053,938
6.50% due 11/01/2036 to 08/01/2037   6,276,951 6,459,374
          55,299,912
  
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $53,676,106)       $ 55,299,912
 
Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS - 17.35%  
Canada - 4.31%      
Province of Ontario      
4.40% due 03/08/2016 CAD 4,325,000  $ 3,511,543
4.50% due 03/08/2015   3,085,000 2,557,276
4.75% due 06/02/2013   4,610,000 3,992,636
6.25% due 06/16/2015 NZD 3,520,000 1,992,169
6.375% due 10/12/2010   5,010,000 2,827,438
Province of Quebec      
5.25% due 10/01/2013 CAD 2,370,000 2,048,726
      16,929,788
 
Colombia - 0.03%      
Republic of Colombia      
10.00% due 01/23/2012 $ 110,000 116,600
France - 1.42%      
Government of France      
4.75% due 10/25/2012 EUR 4,125,000 5,586,023
Germany - 5.91%      
Bundesschatzanweisungen      
4.00% due 09/10/2010   6,200,000 8,114,591
Federal Republic of Germany      
3.50% due 04/12/2013   1,710,000 2,244,987
4.25% due 07/04/2018   7,150,000 9,815,703
5.00% due 07/04/2012   2,240,000 3,076,381
      23,251,662
 
Ireland - 2.52%      
Republic of Ireland      
4.50% due 10/18/2018   7,615,000 9,905,599
Mexico - 0.49%      
Government of Mexico      
5.625% due 01/15/2017 $ 520,000 462,800
5.875% due 01/15/2014   550,000 522,500
6.375% due 01/16/2013   490,000 494,900
8.125% due 12/30/2019   360,000 380,268
10.375% due 02/17/2009   80,000 81,000
      1,941,468
 
New Zealand - 0.28%      
Government of New Zeland      
6.00% due 12/15/2017 NZD 1,860,000 1,088,914
Spain - 0.97%      
Kingdom of Spain      
5.35% due 10/31/2011 EUR 2,840,000 3,827,959
United Kingdom - 1.42%      
Government of United Kingdom      
5.00% due 03/07/2012 GBP 1,635,000 2,665,648
5.00% due 03/07/2018   1,725,000 2,904,890
          5,570,538
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $74,531,840)       $  68,218,551
   
CORPORATE BONDS - 36.94%      
Advertising - 0.08%      
R.H. Donnelley Corp., Series A-3      
8.875% due 01/15/2016 $ 1,815,000 235,950

The accompanying notes are an integral part of the financial statements.
264

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Advertising (continued)      
Vertis, Inc.      
18.50% due 10/01/2012 $ 300,000 $ 84,000
      319,950
Air Travel - 0.70%      
Delta Air Lines, Inc.      
6.821% due 08/10/2022   1,523,945 960,086
Northwest Airlines, Inc., Series 07-1      
7.027% due 11/01/2019   3,175,000 1,809,750
      2,769,836
Amusement & Theme Parks - 0.19%      
HRP Myrtle Beach Operations LLC      
7.38% due 04/01/2012 ^ (b)(h)   1,685,000 741,400
Apparel & Textiles - 0.17%      
Hanesbrands, Inc., Series B      
6.5081% due 12/15/2014 (b)   1,010,000 651,450
Auto Parts - 0.83%      
Allison Transmission, Inc.      
11.00% due 11/01/2015 (h)   2,195,000 1,097,500
11.25% due 11/01/2015 (h)   1,990,000 805,950
Tenneco Automotive, Inc.      
8.625% due 11/15/2014   3,690,000 1,365,300
      3,268,750
 
Automobiles - 0.87%      
DaimlerChrysler N.A. Holding Corp., EMTN      
4.375% due 03/21/2013 EUR 3,145,000 3,432,368
Banking - 0.40%      
Landwirtschaftliche Rentenbank, EMTN      
6.50% due 09/17/2009 NZD 1,115,000 618,910
6.625% due 05/27/2010   1,700,000 955,550
      1,574,460
Broadcasting - 0.78%      
Allbritton Communications Company      
7.75% due 12/15/2012 $ 2,395,000 1,389,100
Radio One, Inc.      
6.375% due 02/15/2013   225,000 76,500
8.875% due 07/01/2011   200,000 97,000
Salem Communications Corp.      
7.75% due 12/15/2010   100,000 62,000
Sirius Satellite Radio, Inc.      
9.625% due 08/01/2013   2,610,000 639,450
XM Satellite Radio Holdings, Inc.      
13.00% due 08/01/2013 (h)   3,110,000 793,050
      3,057,100
Building Materials & Construction - 0.19%    
Odebrecht Finance, Ltd.      
7.50% due 10/18/2017 (h)   970,000 727,500
Business Services - 0.49%      
Minerva Overseas, Ltd.      
9.50% due 02/01/2017 (h)   2,865,000 1,396,688
Vangent, Inc.      
9.625% due 02/15/2015   910,000 527,800
      1,924,488

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cable & Television - 1.81%      
CCH II LLC / CCH I Capital Corp.      
11.00% due 09/15/2010 (a)(h) $ 1,200,000 $ 609,000
CCH II LLC / CCH II Capital Corp.      
10.25% due 10/01/2013 (h)   1,912,000 869,960
Charter Communications Holdings I LLC      
11.00% due 10/01/2015   990,000 262,350
11.00% due 10/01/2015   525,000 120,750
Comcast Corp.      
4.95% due 06/15/2016   805,000 661,502
CSC Holdings, Inc.      
8.50% due 06/15/2015 (h)   1,450,000 1,170,875
Mediacom Broadband LLC      
8.50% due 10/15/2015   75,000 53,250
Mediacom LLC/Mediacom Capital Corp.      
9.50% due 01/15/2013   125,000 102,500
Shaw Communications, Inc.      
5.70% due 03/02/2017 CAD 610,000 437,796
Sinclair Broadcast Group, Inc.      
8.00% due 03/15/2012 $ 1,914,000 1,492,920
Time Warner Cable, Inc.      
6.75% due 07/01/2018   1,515,000 1,328,415
Young Broadcasting, Inc.      
10.00% due 03/01/2011   1,790,000 24,612
      7,133,930
 
Cellular Communications - 1.20%      
Centennial Communications Corp.      
10.00% due 01/01/2013   2,735,000 2,748,675
Verizon Wireless Capital LLC      
7.375% due 11/15/2013 (h)   2,000,000 1,981,436
      4,730,111
 
Chemicals - 0.39%      
American Pacific Corp.      
9.00% due 02/01/2015   1,645,000 1,447,600
Nova Chemicals Corp.      
6.50% due 01/15/2012   125,000 86,875
      1,534,475
 
Containers & Glass - 1.98%      
BWAY Corp.      
10.00% due 10/15/2010   2,405,000 2,068,300
Graphic Packaging International Corp.      
8.50% due 08/15/2011   1,000,000 820,000
9.50% due 08/15/2013   2,255,000 1,555,950
OI European Group BV      
6.875% due 03/31/2017 (h) EUR 410,000 375,051
Owens-Brockway Glass Container, Inc.      
8.25% due 05/15/2013 $ 1,450,000 1,363,000
Smurfit-Stone Container Enterprises, Inc.      
8.00% due 03/15/2017   1,570,000 416,050
8.375% due 07/01/2012   2,925,000 819,000
US Corrugated, Inc.      
10.00% due 06/12/2013   715,000 371,800
      7,789,151
 
Crude Petroleum & Natural Gas - 0.57%      
Chesapeake Energy Corp.      
7.25% due 12/15/2018   3,175,000 2,222,500

The accompanying notes are an integral part of the financial statements.
265

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities - 1.07%      
Appalachian Power Company, Series K      
5.00% due 06/01/2017 $ 900,000 $ 749,824
Cia de Transporte de Energia Electrica de Alta    
Tension SA      
8.875% due 12/15/2016 (h)   1,085,000 368,900
Dominion Resources, Inc., Series A      
5.60% due 11/15/2016   900,000 781,186
Texas Competitive Electric Holdings Company LLC    
10.50% due 11/01/2015 (h)   3,600,000 2,304,000
      4,203,910
 
Energy - 0.21%      
Enterprise Products Operating LP, Series B      
5.60% due 10/15/2014 (h)   980,000 832,778
Financial Services - 7.41%      
CIT Group, Inc.      
5.00% due 02/13/2014   615,000 374,381
Ford Motor Credit Company LLC      
9.75% due 09/15/2010   1,710,000 889,200
General Electric Capital Australia Funding      
Property, Ltd., MTN      
6.50% due 11/15/2011 AUD 2,870,000 1,701,112
General Electric Capital Corp.      
6.625% due 02/04/2010 NZD 3,745,000 1,982,658
Independencia International, Ltd.      
9.875% due 01/31/2017 (h) $ 1,820,000 723,450
9.875% due 05/15/2015 (h)   690,000 277,810
ISA Capital do Brasil SA      
8.80% due 01/30/2017 (h)   470,000 374,825
Local TV Finance LLC      
9.25% due 06/15/2015 (h)   240,000 96,300
New South Wales Treasury Corp., Series 10RG    
7.00% due 12/01/2010 AUD 24,700,000 17,123,069
Nexstar Finance, Inc.      
7.00% due 01/15/2014 $ 930,000 455,700
Orascom Telecom Finance      
7.875% due 02/08/2014 (h)   1,130,000 621,500
SLM Corp., MTN      
8.45% due 06/15/2018   2,645,000 1,939,333
TAM Capital, Inc.      
7.375% due 04/25/2017   1,205,000 554,300
Toyota Motor Credit Corp., EMTN      
6.75% due 09/21/2009 NZD 2,300,000 1,264,627
Ucar Finance, Inc.      
10.25% due 02/15/2012 $ 36,000 34,650
VW Financial Services AG, EMTN      
5.375% due 01/25/2012 EUR 565,000 713,692
      29,126,607
 
Food & Beverages - 0.39%      
ASG Consolidated LLC/ASG Finance, Inc.      
11.50 due 11/01/2011 (h) $ 615,000 525,825
Cosan SA Industria e Comercio      
8.25% due 02/28/2049 (h)   2,000,000 995,000
      1,520,825
 
Gas & Pipeline Utilities - 0.97%      
Atlas Pipeline Partners LP      
8.125% due 12/15/2015   200,000 130,000

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Gas & Pipeline Utilities (continued)      
MarkWest Energy Partners LP / MarkWest Energy    
Finance Corp., Series B      
8.75% due 04/15/2018 (h) $ 520,000 $ 327,600
MarkWest Energy Partners LP/MarkWest Energy    
Finance Corp., Series B      
8.50% due 07/15/2016   2,150,000 1,397,500
NGPL Pipeco LLC      
7.119% due 12/15/2017 (h)   935,000 772,230
Southern Union Company      
7.20% due 11/01/2066 (b)   705,000 385,987
Targa Resources Partners LP      
8.25% due 07/01/2016   760,000 440,800
Williams Partners Finance Corp.      
7.25% due 02/01/2017   460,000 361,100
      3,815,217
 
Healthcare Products - 0.66%      
Bausch & Lomb, Inc.      
9.875% due 11/01/2015 (h)   1,545,000 1,189,650
Hanger Orthopedic Group, Inc.      
10.25% due 06/01/2014   1,655,000 1,406,750
      2,596,400
 
Hotels & Restaurants - 1.33%      
CCM Merger, Inc.      
8.00% due 08/01/2013 (h)   4,390,000 2,458,400
Landry's Restaurants, Inc.      
9.50% due 12/15/2014   3,050,000 2,760,250
      5,218,650
 
Household Products - 0.27%      
Yankee Acquisition Corp., Series B      
8.50% due 02/15/2015 (a)   2,130,000 1,001,100
9.75% due 02/15/2017 (a)(h)   200,000 75,000
      1,076,100
 
Housing & Urban Development - 1.20%      
Canada Housing Trust No. 1      
4.60% due 09/15/2011 CAD 5,545,000 4,733,504
Industrial Machinery - 0.43%      
Manitowoc, Inc.      
7.125% due 11/01/2013 $ 2,120,000 1,696,000
Insurance - 0.39%      
Liberty Mutual Group, Inc.      
10.75% due 06/15/2058 (b)(h)   1,930,000 1,019,609
Symetra Financial Corp.      
8.30% due 10/15/2037 (b)(h)   905,000 525,428
      1,545,037
 
Leisure Time - 5.09%      
AMC Entertainment, Inc.      
8.00% due 03/01/2014   2,295,000 1,445,850
Choctaw Resort Development Enterprise      
7.25% due 11/15/2019 (h)   226,000 119,780
Chukchansi Economic Development Authority    
8.00% due 11/15/2013 (h)   610,000 280,600
Cinemark, Inc.      
zero coupon, step up to 9.75% on      
03/15/2009 due 03/15/2014   1,000,000 817,500

The accompanying notes are an integral part of the financial statements.
266

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Leisure Time (continued)      
Fontainebleau Las Vegas Holdings      
10.25% due 06/15/2015 (h) $ 1,295,000 $ 168,350
Great Canadian Gaming Corp.      
7.25% due 02/15/2015 (h)   1,000,000 690,000
Greektown Holdings LLC      
10.75% due 12/01/2013 (a)(h)   3,200,000 704,000
Indianapolis Downs Capital LLC      
11.00% due 11/01/2012 (a)(h)   2,100,000 987,000
Isle of Capri Casinos, Inc.      
7.00% due 03/01/2014   815,000 350,450
Jacobs Entertainment, Inc.      
9.75% due 06/15/2014   2,425,000 1,139,750
Little Traverse Bay Bands of Odawa Indians      
10.25% due 02/15/2014 (h)   1,415,000 919,750
Majestic Star Casino LLC      
9.50% due 10/15/2010   1,360,000 435,200
Marquee Holdings, Inc.      
9.505 due 08/15/2014   895,000 507,913
Mashantucket Western Pequot Tribe      
8.50% due 11/15/2015 (h)   2,015,000 765,700
MGM Mirage, Inc.      
6.75% due 09/01/2012   475,000 256,500
Mohegan Tribal Gaming Authority      
6.375% due 07/15/2009   315,000 264,600
7.125% due 08/15/2014 (a)   3,800,000 1,995,000
8.00% due 04/01/2012 (a)   1,785,000 1,124,550
MTR Gaming Group, Inc., Series B      
9.00% due 06/01/2012   1,500,000 750,000
9.75% due 04/01/2010 (a)   1,410,000 1,048,687
Penn National Gaming, Inc.      
6.875% due 12/01/2011   100,000 90,000
Pinnacle Entertainment, Inc.      
7.50% due 06/15/2015   575,000 316,250
Pokagon Gaming Authority      
10.375% due 06/15/2014 (h)   466,000 393,770
Snoqualmie Entertainment Authority      
9.125% due 02/01/2015 (h)   1,020,000 591,600
Turning Stone Resort Casino      
9.125% due 09/15/2014 (h)   1,785,000 1,356,600
9.125% due 12/15/2010 (h)   1,300,000 1,079,000
Waterford Gaming LLC      
8.625% due 09/15/2014 (h)   1,477,000 1,395,765
      19,994,165
 
Manufacturing - 0.21%      
GRUPO KUO SAB de CV      
9.75% due 10/17/2017 (h)   1,175,000 822,500
Medical-Hospitals - 1.00%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   3,030,000 2,454,300
HCA, Inc.      
9.125% due 11/15/2014   460,000 373,750
Sun Healthcare Group, Inc.      
9.125% due 04/15/2015   1,325,000 1,099,750
      3,927,800
 
Metal & Metal Products - 0.69%      
Blaze Recycling & Metals LLC      
10.875% due 07/15/2012 (h)   590,000 442,500

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Metal & Metal Products (continued)      
CII Carbon LLC      
11.125% due 11/15/2015 (h) $ 2,425,000 $ 2,279,500
      2,722,000
 
Mining - 0.51%      
Drummond Company, Inc.      
7.375% due 02/15/2016 (h)   3,630,000 1,996,500
Paper - 0.46%      
International Paper Company      
7.95% due 06/15/2018   1,180,000 934,359
NewPage Corp.      
10.00% due 05/01/2012   960,000 518,400
Pope & Talbot, Inc.      
8.375% due 06/01/2013   500,000 625
8.375% due 06/01/2013   1,000,000 1,250
Verso Paper, Inc., Series B      
9.125% due 08/01/2014   750,000 360,000
      1,814,634
 
Petroleum Services - 0.34%      
Allis-Chalmers Energy, Inc.      
8.50% due 03/01/2017   1,420,000 802,300
McMoRan Exploration Company      
11.875% due 11/15/2014   735,000 532,875
      1,335,175
 
Publishing - 0.02%      
Idearc, Inc.      
8.00% due 11/15/2016   1,075,000 96,750
Railroads & Equipment - 0.08%      
American Railcar Industries, Inc.      
7.50% due 03/01/2014   440,000 316,800
Retail - 0.17%      
Michaels Stores, Inc.      
10.00% due 11/01/2014 (a)   2,070,000 652,050
Software - 0.44%      
Oracle Corp.      
5.75% due 04/15/2018   1,840,000 1,724,525
Steel - 0.05%      
Steel Capital SA for OAO Severstal      
9.75% due 07/29/2013   415,000 178,450
Telecommunications Equipment &      
Services - 1.09%      
Axtel SAB de CV      
7.625% due 02/01/2017 (h)   2,275,000 1,547,000
Citizens Communications Company      
7.125% due 03/15/2019   710,000 410,025
Digicel Group, Ltd.      
8.875% due 01/15/2015 (h)   1,955,000 1,041,037
West Corp.      
11.00% due 10/15/2016   2,995,000 1,287,850
      4,285,912
 
Telephone - 1.26%      
AT&T, Inc.      
6.70% due 11/15/2013   1,240,000 1,234,697
Cincinnati Bell, Inc.      
8.375% due 01/15/2014   2,000,000 1,490,000

The accompanying notes are an integral part of the financial statements.
267

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telephone (continued)      
Sprint Capital Corp.      
8.375% due 03/15/2012 $ 3,305,000  $ 2,247,400
      4,972,097
 
Tobacco - 0.21%      
Alliance One International, Inc.      
11.00% due 05/15/2012   1,005,000 824,100
Transportation - 0.34%      
Navios Maritime Holdings, Inc.      
9.50% due 12/15/2014   1,125,000 709,882
PHI, Inc.      
7.125% due 04/15/2013   1,000,000 610,000
         1,319,882
  
TOTAL CORPORATE BONDS (Cost $217,443,654)    $ 145,225,837
   
CONVERTIBLE BONDS - 0.11%      
Broadcasting - 0.11%      
XM Satellite Radio Holdings, Inc.      
10.00% due 12/01/2009     1,100,000    409,750
TOTAL CONVERTIBLE BONDS (Cost $441,375)     $ 409,750
  
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 12.44%      
American Home Mortgage Assets, Series 2006-6,    
Class XP      
1.9347% IO due 12/25/2046   20,187,485 656,093
American Home Mortgage Investment Trust,    
Series 2007-1, Class GIOP      
2.0784% IO due 05/25/2047   14,670,103 802,271
Banc of America Commercial Mortgage, Inc.,    
Series 2006-5, Class A4      
5.414% due 09/10/2047   2,980,000 2,025,847
Bear Stearns Mortgage Funding Trust, Series    
2006-AR1, Class 2A1      
1.615% due 08/25/2036 (b)   996,351 370,109
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1, Class A4    
5.23% due 09/15/2020 (b)   3,405,000 2,533,854
Countrywide Alternative Loan Trust, Series      
2007-25, Class 1A2      
6.50% due 11/25/2037   2,687,355 1,284,053
Countrywide Alternative Loan Trust,      
Series 2005-59, Class 2X      
3.1878% IO due 11/20/2035   12,059,573 361,787
Crown Castle Towers LLC, Series 2006-1A, Class F    
6.6496% due 11/15/2036 (h)   840,000 546,571
Crown Castle Towers LLC, Series 2006-1A, Class G    
6.7954% due 11/15/2036 (h)   985,000 643,972
Federal Home Loan Mortgage Corp., Series 3154,    
Class PM      
5.50% due 05/15/2034   4,050,000 3,957,991
Federal Home Loan Mortgage Corp., Series 3228,    
Class PL      
5.50% due 10/15/2034   4,850,000 4,676,636
Federal National Mortgage Association, Series    
2006-117, Class PD      
5.50% due 07/25/2035   5,055,000 4,823,276

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Federal National Mortgage Association, Series    
2006-65, Class TE      
5.50% due 05/25/2035 $ 2,065,000 $ 2,016,528
Federal National Mortgage Association, Series    
2006-84, Class MP      
5.50% due 08/25/2035   5,700,000 5,570,400
Global Tower Partners Acquisition      
LLC, Series 2007-1A, Class G      
7.8737% due 05/15/2037 (h)   565,000 506,845
GMAC Commercial Mortgage Securities, Inc.,    
Series 2003-C2, Class A2      
5.4832% due 05/10/2040 (b)   6,165,000 5,082,372
Greenpoint Mortgage Funding Trust, Series      
2005-AR4, Class 4A2      
1.755% due 10/25/2045 (b)   2,070,109 734,385
Greenpoint Mortgage Funding Trust, Series      
2006-AR1, Class A2A      
1.765% due 02/25/2036 (b)   1,281,899 511,674
Greenwich Capital Commercial Funding Corp.,    
Series 2006-GG7, Class A4      
5.9138% due 07/10/2038 (b)   3,310,000 2,342,323
Harborview Mortgage Loan Trust,      
Series 2005-8, Class 1X      
3.06% IO due 09/19/2035   11,747,808 159,697
Harborview Mortgage Loan Trust,      
Series 2006-SB1, Class A1A      
3.329% due 12/19/2036 (b)   2,188,160 803,058
Harborview Mortgage Loan Trust,      
Series 2007-3, Class ES      
0.35% IO due 05/19/2047   30,520,490 190,753
Harborview Mortgage Loan Trust,      
Series 2007-4, Class ES      
0.35% IO due 07/19/2047   30,542,939 200,438
Harborview Mortgage Loan Trust,      
Series 2007-6, Class ES      
0.3425% IO due 08/19/2037 (h)   21,829,836 136,436
Harborview NIM Corp., Series 2007-3A, Class N1    
6.654% due 05/19/2037 (h)   12,135 2,427
IndyMac Index Mortgage Loan Trust,      
Series 2005-AR18, Class 1X      
5.60% IO due 10/25/2036   32,017,027 739,593
IndyMac Index Mortgage Loan Trust,      
Series 2005-AR18, Class 2X      
1.5236% IO due 10/25/2036   35,352,941 286,359
Luminent Mortgage Trust, Series 2006-1, Class X    
3.36% IO due 04/25/2036   9,507,071 154,490
Residential Accredit Loans, Inc., Series      
2007-QS10, Class A1      
6.50% due 09/25/2037   1,845,577 881,841
Residential Accredit Loans, Inc.,      
Series 2007-QS11, Class A1      
7.00% due 10/25/2037   1,527,557 776,668
SBA CMBS Trust, Series 2006-1A, Class H      
7.389% due 11/15/2036 (h)   525,000 500,165
SBA CMBS Trust, Series 2006-1A, Class J      
7.825% due 11/15/2036 (h)   360,000 329,006
WAMU Mortgage Pass Through Certificates,    
Series 2005-AR13, Class B1      
2.00% due 10/25/2045 (b)   1,960,416 705,750

The accompanying notes are an integral part of the financial statements.
268

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
WAMU Mortgage Pass Through Certificates,      
Series 2005-AR6, Class B1      
2.00% due 04/25/2045 (b) $ 3,198,337 $ 991,484
WAMU Mortgage Pass Through Certificates,      
Series 2007-OA5, Class 1XPP      
0.4785% IO due 06/25/2017   66,928,659 627,456
WAMU Mortgage Pass Through Certificates,      
Series 2007-OA6, Class 1XPP      
0.4283% IO due 07/25/2047   39,737,146 360,118
Washington Mutual Mortgage Pass Through      
Certificates, Series 2007-OA4, Class XPPP    
0.4843% IO due 04/25/2047   29,820,004 279,563
Wells Fargo Mortgage Backed Securities Trust,    
Series 2006-AR12, Class 1A1      
6.0298% due 09/25/2036 (b)    2,262,986   1,325,280
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $58,574,414)       $ 48,897,569
  
ASSET BACKED SECURITIES - 0.46%      
Dominos Pizza Master Issuer LLC, Series 2007-1,    
Class M1      
7.629% due 04/27/2037 (h)   1,475,000 907,125
Lehman XS Trust, Series 2005-5N, Class 3A2    
1.755% due 11/25/2035 (b)   566,311 191,140
Lehman XS Trust, Series 2006-2N, Class 1A2    
1.735% due 02/25/2046 (b)   2,189,259    709,038
TOTAL ASSET BACKED SECURITIES          
(Cost $3,247,605)         $  1,807,303
    
SUPRANATIONAL OBLIGATIONS - 3.54%    
Supranational - 3.54%      
European Investment Bank, EMTN      
4.375% due 03/06/2009 GBP 1,120,000 1,730,437
7.00% due 01/18/2012 NZD 2,550,000 1,476,825
Instituto de Credito Oficial, EMTN      
5.00% due 12/07/2009 GBP 1,680,000 2,648,023
Inter-American Development Bank, Series INTL    
7.25% due 05/24/2012 NZD 9,930,000 5,828,750
Inter-American Development Bank, Series MPLE    
4.25% due 12/02/2012 CAD 495,000 413,394
International Finance Corp., MTN      
7.50% due 02/28/2013 AUD 2,515,000 1,832,024
             13,929,453
TOTAL SUPRANATIONAL OBLIGATIONS        
(Cost $17,499,343)       $ 13,929,453
   
COMMON STOCKS - 0.21%      
Advertising - 0.00%      
Vertis Holdings Inc *   325 0
Broadcasting - 0.08%      
Sirius XM Radio, Inc. *   1,511,421 314,829
Containers & Glass - 0.07%      
Pactiv Corp. *   10,680 266,893
Paper - 0.03%      
Smurfit-Stone Container Corp. *   237,963 135,639

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunications Equipment &      
Services - 0.03%      
Chunghwa Telecom Company, Ltd., ADR     6,978  $ 109,137
TOTAL COMMON STOCKS (Cost $4,558,062)        $ 826,498
   
TERM LOANS - 1.58%      
Air Travel - 0.62%      
Delta Airlines, Inc.      
5.8313% due 04/30/2014 (b) $ 2,822,114 1,382,835
US Airways Group, Inc.      
5.7188% due 03/23/2014 (b)(l)   2,251,111 1,036,637
      2,419,472
 
Cable & Television - 0.15%      
Time Warner Cable, Inc.      
8.75% due 02/14/2019   620,000 609,088
Healthcare Products - 0.12%      
Bausch & Lomb, Inc.      
8.392% due 04/11/2015 (b) EUR 406,925 454,958
Leisure Time - 0.26%      
Great Canadian Gaming Corp.      
3.675% due 02/07/2014 (b) $ 1,326,375 1,021,309
Paper - 0.43%      
AbitibiBowater, Inc.      
11.75% due 03/30/2009    2,175,000   1,711,001
TOTAL TERM LOANS (Cost $7,817,064)          $ 6,215,828
     
OPTIONS - 0.69%      
Call Options - 0.69%      
Comcast Corp.      
Expiration 01/16/2010 at $25.00 *   26,000,000 351,000
One Touch US Binary      
Expiration 05/14/2009 at $1.00 *   2,900,000 356,990
Over The Counter Purchase Call on the USD vs.    
CAD      
Expiration 02/26/2010 at $1.30 *   10,700,000 683,409
Expiration 04/20/2010 at $1.30 *   10,450,000 698,269
Over The Counter Purchase Call on the USD vs.    
EUR      
Expiration 02/26/2009 at $1.20 *   1,060,000 617,980
          2,707,648
TOTAL OPTIONS (Cost $1,423,551)         $ 2,707,648
    
REPURCHASE AGREEMENTS - 2.70%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$10,628,044 on 12/1/2008,      
collateralized by $10,350,000      
Federal Home Loan Mortgage      
Corp., 3.875% due 06/29/2011      
(valued at $10,841,625, including      
interest)   $   10,628,000    $ 10,628,000
TOTAL REPURCHASE AGREEMENTS          
(Cost $10,628,000)           $ 10,628,000

The accompanying notes are an integral part of the financial statements.
269

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT TERM INVESTMENTS - 3.86%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)  $  15,154,060  $ 15,154,060
TOTAL SHORT TERM INVESTMENTS         
(Cost $15,154,060)        $ 15,154,060
Total Investments (Strategic Income Fund)      
(Cost $477,261,345) - 97.46%   $ 383,130,535
Other Assets in Excess of Liabilities - 2.54%   9,978,287
TOTAL NET ASSETS - 100.00%   $ 393,108,822

Total Bond Market Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 39.46%    
U.S. Treasury Bonds - 15.64%      
2.75% due 10/31/2013 (a) $ 46,920,000 $ 48,778,454
4.375% due 02/15/2038   2,447,000 2,836,035
4.50% due 05/15/2038   4,000,000 4,732,188
5.25% due 11/15/2028 to 02/15/2029   9,915,000 11,985,337
5.375% due 02/15/2031   300,000 372,961
7.875% due 02/15/2021   900,000 1,262,180
      69,967,155
 
U.S. Treasury Notes - 23.82%      
1.50% due 10/31/2010 (a)   56,000,000 56,596,092
2.00% due 09/30/2010   5,000,000 5,099,220
2.75% due 07/31/2010   2,000,000 2,064,688
3.125% due 09/30/2013 (a)   5,800,000 6,138,482
4.00% due 08/15/2018 (a)   33,586,000 36,613,980
           106,512,462
TOTAL U.S. TREASURY OBLIGATIONS       
(Cost $169,908,910)       $ 176,479,617
  
U.S. GOVERNMENT AGENCY OBLIGATIONS - 49.21%  
Federal Home Loan Bank - 0.21%      
3.875% due 01/15/2010 to 06/14/2013   900,000 922,247
Federal Home Loan Mortgage Corp. - 18.39%    
2.875% due 11/23/2010   4,000,000 4,031,976
3.75% due 06/28/2013   3,000,000 3,094,389
3.875% due 06/29/2011   4,000,000 4,134,160
4.125% due 09/27/2013   4,500,000 4,733,702
4.50% due 07/01/2023 to 10/01/2035   7,928,734 7,858,442
5.00% due 07/01/2035 to 03/01/2038   15,396,412 15,502,719
5.50% due 08/23/2017 to 11/01/2038   20,053,773 20,423,297
6.00% due 06/15/2011 to 10/01/2038   14,772,266 15,127,237
6.25% due 07/15/2032   150,000 182,544
6.50% due 08/01/2038   2,885,489 2,971,989
6.75% due 09/15/2029   2,100,000 2,635,328
7.00% due 11/01/2037   1,491,550 1,542,939
      82,238,722
 
Federal National Mortgage      
Association - 26.05%      
5.50% due 03/01/2022   3,606,413 3,674,456
3.25% due 04/09/2013   4,000,000 4,034,234
3.875% due 07/12/2013   4,000,000 4,159,037

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Federal National Mortgage      
Association (continued)      
4.00% due 07/01/2018 to 06/01/2019 $ 269,878 $ 266,398
4.375% due 10/15/2015   3,300,000 3,426,909
4.50% due 04/01/2018 to 06/01/2023   4,689,408 4,696,229
4.617% due 01/01/2035 (b)   1,023,094 1,010,331
4.825% due 04/01/2036   1,983,664 1,989,248
4.924% due 07/01/2034   2,403,674 2,404,593
5.00% due 05/01/2019 to 03/01/2037   20,775,937 20,980,125
5.038% due 09/01/2037   2,377,685 2,374,001
5.485% due 05/01/2036   576,042 594,531
5.50% due 09/01/2017 to 01/01/2037   25,856,254 26,341,240
5.68% due 04/01/2037   2,229,037 2,251,106
5.909% due 04/01/2037 (b)   2,118,916 2,142,956
6.00% due 08/01/2023 to 10/01/2037   20,029,795 20,484,280
6.125% due 03/15/2012   500,000 546,413
6.50% due 07/01/2031 to 10/01/2038   8,380,742 8,636,287
6.625% due 11/15/2030   2,000,000 2,502,681
7.00% due 10/01/2038   1,312,869 1,365,355
7.125% due 06/15/2010   2,300,000 2,462,675
7.25% due 05/15/2030   150,000 196,456
      116,539,541
 
Government National Mortgage      
Association - 4.56%      
4.50% due 06/15/2023   392,107 395,599
5.00% due 11/20/2038   3,800,000 3,815,866
5.50% due 08/15/2023 to 08/20/2038   5,875,995 5,984,733
6.00% due 07/15/2038 to 10/15/2038   7,482,200 7,654,825
6.50% due 10/20/2038   2,494,979 2,561,934
           20,412,957
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $216,161,631)      $ 220,113,467
  
FOREIGN GOVERNMENT OBLIGATIONS - 0.73%  
Republic of Austria      
5.00% due 05/19/2014 (h)   364,000 399,417
Brazil - 0.03%      
Federative Republic of Brazil      
6.00% due 01/17/2017   150,000 136,500
Canada - 0.46%      
Government of Canada      
5.20% due 02/21/2017   200,000 216,741
5.75% due 02/15/2009   200,000 201,251
Province of Manitoba      
5.00% due 02/15/2012   160,000 173,187
6.50% due 01/15/2026   260,000 308,043
7.50% due 09/15/2029   405,000 560,861
Province of Ontario      
2.75% due 02/22/2011   585,000 582,328
7.50% due 07/15/2023   30,000 39,550
      2,081,961
 
Italy - 0.11%      
Republic of Italy      
6.875% due 09/27/2023   400,000 489,942

The accompanying notes are an integral part of the financial statements.
270

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT OBLIGATIONS    
(continued)      
Mexico - 0.04%      
Government of Mexico      
9.875% due 02/01/2010  $ 150,000    $ 161,625
TOTAL FOREIGN GOVERNMENT OBLIGATIONS    
(Cost $3,180,403)       $ 3,269,445
 
CORPORATE BONDS - 5.00%      
Aerospace - 0.04%      
Boeing Company      
8.75% due 09/15/2031   30,000 35,315
Northrop Grumman Corp.      
7.75% due 03/01/2016   150,000 158,896
      194,211
 
Agriculture - 0.06%      
Agrium, Inc.      
6.75% due 01/15/2019   150,000 133,577
Archer-Daniels-Midland Company      
7.00% due 02/01/2031   150,000 143,491
      277,068
 
Aluminum - 0.03%      
Alcan Aluminum, Ltd.      
6.125% due 12/15/2033   80,000 50,684
Alcoa, Inc.      
5.72% due 02/23/2019   20,000 13,934
6.75% due 07/15/2018   100,000 77,316
      141,934
 
Automobiles - 0.04%      
DaimlerChrysler North America Holding      
7.20% due 09/01/2009   200,000 186,253
Banking - 0.57%      
Bank of America Corp.      
5.42% due 03/15/2017   200,000 171,773
Bank One Corp.      
7.875% due 08/01/2010   250,000 257,086
Kreditanstalt fuer Wiederaufbau      
3.25% due 03/30/2009   150,000 150,088
4.375% due 03/15/2018   340,000 353,428
5.125% due 03/14/2016   200,000 218,647
Landwirtshaftliche Rentenbank      
3.875% due 03/15/2010   360,000 365,686
5.125% due 02/01/2017   210,000 233,498
Oesterreichische Kontrollbank AG      
4.875% due 02/16/2016   329,000 358,352
Royal Bank of Scotland Group PLC      
5.00% due 11/12/2013   300,000 259,958
US Bank NA, BKNT      
6.375% due 08/01/2011   200,000 200,452
      2,568,968
 
Broadcasting - 0.07%      
British Sky Broadcasting Group PLC      
9.50% due 11/15/2018 (h)   280,000 282,655
News America, Inc.      
6.65% due 11/15/2037   60,000 48,111
      330,766

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Building Materials & Construction - 0.04%    
CRH America, Inc.      
6.00% due 09/30/2016 $ 120,000 $ 80,702
8.125% due 07/15/2018   100,000 77,267
      157,969
Cable & Television - 0.13%      
Comcast Cable Communications      
8.875% due 05/01/2017   30,000 30,103
COX Communications, Inc.      
4.625% due 01/15/2010   200,000 187,726
TCI Communications, Inc.      
7.125% due 02/15/2028   35,000 28,937
Time Warner Companies, Inc.      
7.25% due 10/15/2017   200,000 173,249
Time Warner, Inc.      
7.625% due 04/15/2031   40,000 34,386
Viacom, Inc.      
6.875% due 04/30/2036   105,000 75,902
7.875% due 07/30/2030   100,000 64,519
      594,822
Cellular Communications - 0.09%      
Motorola, Inc.      
8.00% due 11/01/2011   60,000 54,287
Verizon Wireless Capital LLC      
7.375% due 11/15/2013 (h)   330,000 326,937
      381,224
Computers & Business Equipment - 0.09%    
Cisco Systems, Inc.      
5.25% due 02/22/2011   150,000 152,077
Dell, Inc.      
4.70% due 04/15/2013 (h)   150,000 137,727
International Business Machines Corp.      
6.50% due 10/15/2013   90,000 94,572
      384,376
 
Cosmetics & Toiletries - 0.04%      
Kimberly-Clark Corp      
7.50% due 11/01/2018   145,000 157,785
Crude Petroleum & Natural Gas - 0.15%      
Anadarko Finance Company, Series B      
6.75% due 05/01/2011   180,000 178,994
Apache Corp.      
6.00% due 09/15/2013   100,000 101,862
Petrobras International Finance Co.      
8.375% due 12/10/2018   265,000 266,988
XTO Energy, Inc.      
5.50% due 06/15/2018   137,000 118,485
      666,329
 
Domestic Oil - 0.04%      
Devon Financing Corp., ULC      
6.875% due 09/30/2011   200,000 200,718
Electrical Utilities - 0.71%      
Alabama Power Company      
5.70% due 02/15/2033   30,000 25,470
Appalachian Power Company      
7.00% due 04/01/2038   60,000 50,869

The accompanying notes are an integral part of the financial statements.
271

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Electrical Utilities (continued)      
Cincinnati Gas & Electric Company      
5.70% due 09/15/2012 $ 70,000 $ 69,753
Constellation Energy Group, Inc.      
7.60% due 04/01/2032   58,000 48,884
Dominion Resources, Inc.      
5.00% due 03/15/2013   82,000 75,295
Duke Energy Carolinas LLC, Series C      
7.00% due 11/15/2018   270,000 284,538
Duke Energy Corp.      
5.625% due 11/30/2012   100,000 100,612
E.ON International Finance BV      
5.80% due 04/30/2018 (h)   385,000 347,030
Enel Finance International SA      
6.25% due 09/15/2017 (h)   144,000 125,708
Exelon Corp.      
6.75% due 05/01/2011   140,000 134,300
FirstEnergy Corp.      
7.375% due 11/15/2031   250,000 205,605
Hydro Quebec, Series HY      
8.40% due 01/15/2022   50,000 62,437
Hydro-Quebec      
6.30% due 05/11/2011   400,000 419,428
Indiana Michigan Power Company      
6.05% due 03/15/2037   90,000 69,194
Israel Electric Corp., Ltd.      
7.25% due 01/15/2019 (h)   170,000 152,416
Oncor Electric Delivery Company      
7.50% due 09/01/2038 (h)   140,000 120,202
Pacific Gas & Electric Company      
6.25% due 12/01/2013   180,000 178,845
Public Service Electric and Gas Company      
6.33% due 11/01/2013   355,000 360,203
Scottish Power PLC      
4.91% due 03/15/2010   130,000 128,321
Virginia Electric and Power Company      
8.875% due 11/15/2038   190,000 206,410
      3,165,520
 
Financial Services - 0.99%      
Allied Capital Corp.      
6.625% due 07/15/2011   240,000 181,804
American Express Bank FSB, BKNT      
6.00% due 09/13/2017   250,000 200,682
American Express Credit Corp., Series C      
7.30% due 08/20/2013   120,000 114,775
BP Capital Markets PLC      
5.25% due 11/07/2013   220,000 220,691
Capital One Financial Corp., MTN      
5.70% due 09/15/2011   250,000 211,439
Citigroup, Inc.      
5.875% due 02/22/2033   110,000 82,056
Dresdner Bank-New York      
7.25% due 09/15/2015   220,000 198,226
FleetBoston Financial Corp.      
6.70% due 07/15/2028   182,000 163,457
General Electric Capital Corp.      
6.125% due 02/22/2011   530,000 534,468
Goldman Sachs Group, Inc.      
3.25% due 06/15/2012   200,000 200,286

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
HSBC Finance Corp.      
8.00% due 07/15/2010 $ 150,000 $ 148,754
International Lease Finance Corp., MTN      
5.45% due 03/24/2011   100,000 70,743
JPMorgan Chase & Co.      
3.125% due 12/01/2011   350,000 350,843
Merrill Lynch & Company, Inc.      
6.875% due 11/15/2018   200,000 188,904
Merrill Lynch & Company, Inc., MTN      
6.875% due 04/25/2018   120,000 113,441
Morgan Stanley      
3.25% due 12/01/2011   350,000 350,898
6.75% due 04/15/2011   250,000 235,661
Morgan Stanley, MTN      
6.625% due 04/01/2018   120,000 99,778
National Rural Utilities Cooperative Finance Corp    
10.38% due 11/01/2018   30,000 31,926
Tate & Lyle International Finance PLC      
5.00% due 11/15/2014 (h)   260,000 203,084
Wells Fargo Bank NA      
6.45% due 02/01/2011   500,000 508,903
      4,410,819
 
Food & Beverages - 0.23%      
Coca-Cola Enterprises, Inc.      
8.50% due 02/01/2022   165,000 185,124
ConAgra Foods, Inc.      
5.819% due 06/15/2017   25,000 21,940
9.75% due 03/01/2021   25,000 27,850
General Mills, Inc.      
5.25% due 08/15/2013   110,000 106,871
Kraft Foods, Inc.      
5.25% due 10/01/2013   250,000 236,215
Kroger Company      
6.40% due 08/15/2017   70,000 65,942
PepsiCo, Inc.      
7.90% due 11/01/2018   30,000 33,573
SABMiller PLC      
6.50% due 07/15/2018 (h)   100,000 87,017
Tesco PLC      
6.15% due 11/15/2037 (h)   82,000 64,968
Unilever Capital Corp.      
7.125% due 11/01/2010   200,000 208,038
      1,037,538
 
Gas & Pipeline Utilities - 0.14%      
DCP Midstream LLC      
9.70% due 12/01/2013 (h)   270,000 271,344
Kinder Morgan Energy Partners LP      
5.85% due 09/15/2012   150,000 136,224
7.30% due 08/15/2033   30,000 23,286
Texas Eastern Transmission LP      
6.00% due 09/15/2017 (h)   70,000 61,397
TransCanada PipeLines, Ltd.      
5.85% due 03/15/2036   200,000 145,638
      637,889
 
Healthcare Products - 0.06%      
Covidien International Finance SA      
6.00% due 10/15/2017   170,000 157,501

The accompanying notes are an integral part of the financial statements.
272

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Healthcare Products (continued)      
Johnson & Johnson      
5.85% due 07/15/2038 $ 100,000  $ 103,585
      261,086
 
Healthcare Services - 0.01%      
WellPoint, Inc.      
6.375% due 06/15/2037   60,000 45,879
Holdings Companies/Conglomerates - 0.05%    
General Electric Company      
5.00% due 02/01/2013   250,000 245,000
Hotels & Restaurants - 0.01%      
Yum! Brands, Inc.      
6.25% due 03/15/2018   60,000 49,391
Industrial Machinery - 0.02%      
Cameron International Corp.      
7.00% due 07/15/2038   100,000 79,824
Insurance - 0.21%      
Allied World Assurance Holdings, Ltd.      
7.50% due 08/01/2016   320,000 251,008
Allstate Corp.      
7.20% due 12/01/2009   400,000 398,494
AON Capital Trust A      
8.205% due 01/01/2027   210,000 106,781
AXA SA      
8.60% due 12/15/2030   50,000 30,834
Lincoln National Corp.      
7.00% due 05/17/2066 (b)   30,000 11,808
MetLife, Inc., Series A      
6.817% due 08/15/2018   140,000 122,193
      921,118
 
International Oil - 0.03%      
Pemex Project Funding Master Trust      
7.375% due 12/15/2014   150,000 146,250
Leisure Time - 0.07%      
Vivendi      
5.75% due 04/04/2013 (h)   102,000 94,588
Walt Disney Company, MTN      
5.625% due 09/15/2016   250,000 240,664
      335,252
 
Manufacturing - 0.25%      
Harsco Corp.      
5.75% due 05/15/2018   270,000 254,765
Honeywell International, Inc.      
7.50% due 03/01/2010   200,000 208,662
Ingersoll-Rand Global Holding Company, Ltd.    
6.875% due 08/15/2018   140,000 128,017
Stanley Works      
6.15% due 10/01/2013   170,000 176,802
Tyco Electronics Group SA      
6.00% due 10/01/2012   75,000 70,006
6.55% due 10/01/2017   305,000 269,204
      1,107,456
 
Metal & Metal Products - 0.02%      
Commercial Metals Company      
7.35% due 08/15/2018   140,000 98,133

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Mining - 0.02%      
Rio Tinto Finance USA, Ltd.      
6.50% due 07/15/2018 $ 110,000 $ 77,710
Petroleum Services - 0.09%      
Noble Holding International Ltd.      
7.375% due 03/15/2014   240,000 242,747
Weatherford International, Ltd.      
5.50% due 02/15/2016   215,000 178,954
      421,701
 
Pharmaceuticals - 0.02%      
AstraZeneca PLC      
5.90% due 09/15/2017   70,000 69,454
Railroads & Equipment - 0.12%      
Burlington Northern Santa Fe Corp.      
7.00% due 02/01/2014   350,000 351,787
CSX Corp.      
6.25% due 04/01/2015   205,000 191,193
      542,980
 
Real Estate - 0.09%      
Duke Realty LP      
5.95% due 02/15/2017   72,000 39,430
ProLogis      
5.50% due 04/01/2012   200,000 105,724
5.625% due 11/15/2016   60,000 22,293
Realty Income Corp.      
5.95% due 09/15/2016   135,000 94,623
Simon Property Group LP      
5.875% due 03/01/2017   86,000 53,058
Vornado Realty LP      
5.60% due 02/15/2011   100,000 90,279
      405,407
 
Retail Trade - 0.10%      
Macys Retail Holdings, Inc.      
6.625% due 04/01/2011   100,000 76,765
Safeway, Inc.      
6.35% due 08/15/2017   180,000 167,417
Target Corp.      
7.50% due 08/15/2010   100,000 102,343
Wal-Mart Stores, Inc.      
7.55% due 02/15/2030   100,000 107,126
      453,651
 
Steel - 0.02%      
ArcelorMittal      
5.375% due 06/01/2013   100,000 71,948
Telecommunications Equipment &      
Services - 0.12%      
Deutsche Telekom International Finance BV      
8.75 due 06/15/2030   100,000 94,623
SBC Communications, Inc.      
5.625% due 06/15/2016   200,000 176,979
Verizon Communications, Inc.      
7.375% due 09/01/2012   250,000 249,741
      521,343
 
Telephone - 0.12%      
AT&T, Inc.      
6.30% due 01/15/2038   70,000 56,613

The accompanying notes are an integral part of the financial statements.
273

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telephone (continued)      
AT&T, Inc. (continued)      
6.70% due 11/15/2013 $ 270,000 $ 268,845
BellSouth Corp.      
6.875% due 10/15/2031   80,000 66,606
British Telecommunications PLC      
5.95% due 01/15/2018   60,000 51,223
8.625% due 12/15/2030   80,000 75,133
      518,420
 
Tobacco - 0.11%      
Altria Group, Inc.      
8.50% due 11/10/2013   220,000 220,853
Philip Morris International      
6.875% due 03/17/2014   270,000 272,873
          493,726
 
TOTAL CORPORATE BONDS (Cost $24,137,742)    $ 22,359,918
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 0.28%      
Banc of America Commercial Mortgage, Inc.,    
Series 2006-3, Class A4      
5.889% due 07/10/2044   700,000 490,887
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2005-LDP5, Class A4      
5.3445% due 12/15/2044 (b)   275,000 192,515
LB-UBS Commercial Mortgage Trust, Series    
2000-C3, Class A2      
7.95% due 05/15/2025   479,748 471,960
Merrill Lynch Mortgage Trust, Series 2008-C1,    
Class A4      
5.69% due 02/12/2051   145,000   92,335
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS     
(Cost $1,643,481)      $ 1,247,697
  
ASSET BACKED SECURITIES - 0.10%      
Bank of America Credit Card Trust, Series      
2008-A3, Class A3      
2.1725% due 08/15/2011 (b)   220,000 217,182
CNH Equipment Trust, Series 2008-B, Class A2B    
2.4225% due 04/15/2011 (b)   220,000   216,816
TOTAL ASSET BACKED SECURITIES      
(Cost $440,000)      $ 433,998
  
SUPRANATIONAL OBLIGATIONS - 0.36%    
Supranational - 0.36%      
Asian Development Bank      
5.593% due 07/16/2018   110,000 126,106
European Investment Bank      
4.625% due 05/15/2014   159,000 167,948
4.625% due 10/20/2015   190,000 200,559
4.875% due 01/17/2017   310,000 335,476
Inter-American Development Bank      
7.375% due 01/15/2010   220,000 232,545
International Bank for Reconstruction and      
Development      
3.625% due 05/21/2013   200,000 209,316

Total Bond Market Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
SUPRANATIONAL OBLIGATIONS      
(continued)      
Supranational (continued)      
Nordic Investment Bank      
2.375% due 12/15/2011 $ 355,000 $ 355,294
           1,627,244
 
TOTAL SUPRANATIONAL OBLIGATIONS      
(Cost $1,593,724)        $ 1,627,244
  
REPURCHASE AGREEMENTS - 8.69%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$38,888,162 on 12/1/2008,      
collateralized by $38,890,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at      
$39,667,800, including interest)  $  38,888,000   $ 38,888,000
TOTAL REPURCHASE AGREEMENTS           
(Cost $38,888,000)        $ 38,888,000
SHORT TERM INVESTMENTS - 19.22%          
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)  $  85,945,500  $ 85,945,500
TOTAL SHORT TERM INVESTMENTS      
(Cost $85,945,500)       $ 85,945,500
Total Investments (Total Bond Market Fund)        
(Cost $541,899,391) - 123.05%   $ 550,364,886
Liabilities in Excess of Other Assets - (23.05)%   (103,100,265)
TOTAL NET ASSETS - 100.00%   $ 447,264,621

Total Return Fund      
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 7.79%    
Treasury Inflation Protected      
Securities (d) - 0.83%      
1.75% due 01/15/2028 $ 2,193,198 $ 1,808,018
1.875% due 07/15/2013   476,020 430,463
2.00% due 01/15/2016   4,629,912 4,123,154
2.625% due 07/15/2017   5,383,866 5,109,623
      11,471,258
U.S. Treasury Notes - 6.96%      
2.00% due 02/28/2010 to 11/30/2013   29,300,000 29,519,367
2.125% due 04/30/2010   4,000,000 4,083,124
3.125% due 11/30/2009   11,200,000 11,459,000
3.25% due 12/31/2009   50,500,000 51,884,811
          96,946,302
TOTAL U.S. TREASURY OBLIGATIONS          
(Cost $109,580,954)        $ 108,417,560
U.S. GOVERNMENT AGENCY OBLIGATIONS - 111.10%   
Federal Home Loan Mortgage Corp. - 14.83%    
4.875% due 06/13/2018   3,400,000 3,589,821

The accompanying notes are an integral part of the financial statements.
274

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Federal Home Loan Mortgage Corp.      
(continued)      
4.895% due 11/01/2035 (b) $ 682,480 $ 675,831
5.50% due 02/01/2038   7,169,494 7,281,517
5.50% TBA **   81,500,000 82,697,072
6.00% due 08/01/2026 to 08/01/2038   6,628,618 6,799,940
6.00% TBA **   101,500,000 103,688,543
5.00% due 12/14/2018   1,900,000 1,797,572
      206,530,296
 
Federal National Mortgage      
Association - 95.81%      
4.44% due 01/01/2035 (b)   440,163 435,642
4.453% due 05/01/2035 (b)   1,088,681 1,092,579
4.50% TBA **   5,000,000 4,996,875
4.51% due 07/01/2034 (b)   311,787 315,935
4.609% due 11/01/2035 (b)   568,037 565,825
4.818% due 09/01/2035 (b)   761,989 755,077
4.825% due 06/01/2035 (b)   1,656,034 1,650,815
5.00% due 03/01/2022 to 06/01/2038   51,776,594 52,186,158
5.00% TBA **   177,600,000 178,552,959
5.477% due 03/01/2035 (b)   307,457 304,500
5.50% due 02/01/2021 to 11/01/2038   298,748,452 304,231,126
5.50% TBA **   292,000,000 296,705,744
6.00% due 10/01/2026 to 10/01/2037   99,598,915 102,006,292
5.997% due 11/01/2034 (b)   600,819 603,398
6.00% TBA **   370,200,000 378,529,904
6.50% due 10/01/2036 to 05/01/2037   2,307,839 2,374,910
6.50% TBA **   8,600,000 8,839,859
      1,334,147,598
 
Government National Mortgage      
Association - 0.31%      
6.00% due 01/15/2037 to 01/15/2038   200,000 204,663
6.00% TBA **   4,000,000 4,077,188
      4,281,851
 
Small Business Administration - 0.15%    
5.29% due 12/01/2027   2,138,265    2,151,017
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS     
(Cost $1,519,691,463)   $ 1,547,110,762
 
FOREIGN GOVERNMENT OBLIGATIONS - 0.26%  
Brazil - 0.26%      
Federative Republic of Brazil      
10.25% due 01/10/2028 BRL 6,400,000 2,210,756
12.50% due 01/05/2022   3,600,000 1,336,816
         3,547,572
 
TOTAL FOREIGN GOVERNMENT OBLIGATIONS  
(Cost $5,582,915)          $ 3,547,572
   
CORPORATE BONDS - 34.28%      
Automobiles - 0.45%      
DaimlerChrysler N.A. Holding Corp., MTN    
3.1688% due 03/13/2009 (b) $ 6,600,000 6,293,800
Banking - 9.89%      
ANZ National International, Ltd.      
2.4275% due 08/07/2009 (b)(h)   8,000,000 7,991,352

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
ANZ National International, Ltd. (continued)      
6.20% due 07/19/2013 (h) $ 3,100,000 $ 2,887,083
Bank of America Corp.      
2.4787% due 08/15/2016 (b)   1,100,000 952,882
8.125% due 12/29/2049 (b)   13,450,000 9,451,584
Bank of America NA, BKNT      
6.00% due 10/15/2036   900,000 774,628
Bank of Ireland, Series YCD      
4.7925% due 01/15/2010 (b)   13,200,000 13,127,664
Barclays Bank PLC      
5.45% due 09/12/2012   23,000,000 22,921,225
6.05% due 12/04/2017 (h)   2,900,000 2,473,700
BNP Paribas      
5.186% due 06/29/2049 (b)(h)   7,600,000 4,878,987
Credit Agricole SA      
2.1962% due 05/28/2009 (b)(h)   2,400,000 2,388,466
2.2462% due 05/28/2010 (b)(h)   2,700,000 2,662,910
Deutsche Bank AG      
6.00% due 09/01/2017   4,600,000 4,415,222
DnB NORBank ASA      
4.8888% due 10/13/2009 (b)(h)   2,400,000 2,404,330
Export-Import Bank of Korea      
2.9006% due 06/01/2009 (b)   3,400,000 3,383,554
HSBC Bank USA, BKNT      
2.9569% due 06/10/2009 (b)   900,000 889,270
HSBC Finance Corp.      
4.4788% due 10/21/2009 (b)   1,700,000 1,583,140
HSBC Finance Corp., MTN      
2.9537% due 12/05/2008 (b)   1,600,000 1,599,888
HSBC Holdings PLC      
6.50% due 05/02/2036   900,000 756,004
6.50% due 09/15/2037   1,200,000 1,005,323
ICICI Bank, Ltd.      
5.29% due 01/12/2010 (b)(h)   3,800,000 2,926,000
National Australia Bank, Ltd.      
2.8581% due 09/11/2009 (b)(h)   2,500,000 2,498,997
5.35% due 06/12/2013 (h)   2,600,000 2,454,998
Residential Capital LLC      
5.2531% due 05/22/2009 (b)   3,100,000 635,500
Royal Bank of Scotland Group PLC      
6.99% due 10/29/2049 (b)(h)   6,800,000 3,749,289
7.648% due 08/31/2049 (b)   5,000,000 2,596,030
Santander Perpetual SA Unipersonal      
6.671% due 10/29/2049 (b)(h)   5,600,000 4,203,897
Santander US Debt SA Unipersonal      
2.8738% due 11/20/2009 (b)(h)   4,700,000 4,629,754
State Street Capital Trust III      
8.25% due 12/29/2049 (b)   2,900,000 2,423,675
State Street Capital Trust IV      
3.8188% due 06/01/2067 (b)   400,000 224,640
Sumitomo Mitsui Banking Corp.      
5.625% due 07/29/2049 (b)(h)   5,200,000 3,907,176
UBS AG/Stamford Branch, MTN      
3.7787% due 05/05/2010 (b)   300,000 299,354
5.75% due 04/25/2018   1,900,000 1,612,042
UBS AG/Stamford Branch, Series DPNT      
5.875% due 12/20/2017   2,100,000 1,823,892
USB Capital IX      
6.189% due 03/29/2049 (b)   300,000 156,000

The accompanying notes are an integral part of the financial statements.
275

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Banking (continued)      
Wachovia Bank NA, BKNT      
2.2175% due 05/25/2010 (b) $ 11,000,000 $ 10,429,386
Wachovia Corp.      
4.8825% due 10/15/2011 (b)   1,100,000 964,086
5.75% due 02/01/2018   6,200,000 5,587,744
      137,669,672
 
Biotechnology - 0.65%      
Amgen, Inc.      
6.15% due 06/01/2018   9,100,000 8,997,134
Building Materials & Construction - 0.19%    
C8 Capital SPV, Ltd.      
6.64% due 12/31/2049 (a)(b)(h)   5,500,000 2,685,595
Cable & Television - 0.11%      
Comcast Corp.      
5.875% due 02/15/2018   700,000 594,411
6.45% due 03/15/2037   700,000 549,967
Time Warner, Inc.      
2.405% due 11/13/2009 (b)   400,000 373,156
      1,517,534
 
Chemicals - 0.10%      
Rohm & Haas Company      
6.00% due 09/15/2017   1,500,000 1,392,406
Computers & Business Equipment - 0.32%    
Dell, Inc.      
4.70% due 04/15/2013 (h)   4,800,000 4,407,259
Crude Petroleum & Natural Gas - 0.28%      
Anadarko Petroleum Corp.      
3.2188% due 09/15/2009 (b)   4,000,000 3,833,960
Financial Services - 18.18%      
Allstate Life Global Funding Trusts, MTN      
5.375% due 04/30/2013   2,500,000 2,361,223
American Express Bank FSB      
5.50% due 04/16/2013   3,500,000 3,102,264
American Express Bank FSB, BKNT      
1.5125% due 10/20/2009 (b)   2,600,000 2,465,510
6.00% due 09/13/2017   200,000 160,546
American Express Centurion Bank, BKNT      
1.4588% due 09/22/2009 (b)   400,000 379,700
1.5588% due 06/12/2009 (b)   3,100,000 2,990,114
1.5575% due 07/13/2010 (b)   300,000 270,530
6.00% due 09/13/2017   200,000 160,546
American Express Company      
7.00% due 03/19/2018   2,700,000 2,402,891
American Express Credit Corp., MTN      
1.8275% due 11/09/2009 (b)   2,000,000 1,776,148
2.91% due 03/02/2009 (b)   2,300,000 2,226,513
5.875% due 05/02/2013   2,300,000 2,067,840
American General Finance Corp.      
6.90% due 12/15/2017   3,300,000 1,311,750
American Honda Finance Corp., MTN      
2.8744% due 03/09/2009 (b)(h)   3,900,000 3,898,545
Bear Stearns Companies, Inc.      
6.95% due 08/10/2012   4,100,000 4,127,868
7.625% due 12/07/2009   2,800,000 2,809,526
Bear Stearns Companies, Inc., MTN      
2.2625% due 08/21/2009 (b)   4,800,000 4,693,781

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
Bear Stearns Companies, Inc., MTN (continued)    
2.3563% due 05/18/2010 (b) $ 4,600,000 $ 4,393,713
4.905% due 07/16/2009 (b)   900,000 886,274
Bear Stearns Companies, Inc., Series B, MTN      
3.8519% due 03/30/2009 (b)   2,500,000 2,478,322
Bear Stearns Companies, Inc., Series E, MTN      
5.316% due 09/26/2013 (b) EUR 3,600,000 4,189,146
C10 Capital SPV, Ltd.      
6.722% due 12/01/2049 (b)(h) $ 1,700,000 829,889
Caelus Re, Ltd.      
8.4462% due 06/07/2011 (b)(h)   1,200,000 1,138,800
Calabash Re, Ltd.      
11.2188% due 01/08/2010 (b)(h)   2,200,000 2,149,180
CIT Group, Inc.      
3.615% due 01/30/2009 (b)   1,300,000 1,287,044
3.765% due 04/27/2011 (b)   400,000 283,553
CIT Group, Inc., MTN      
2.2688% due 08/17/2009 (b)   2,300,000 2,063,360
Citigroup Capital XXI      
8.30% due 12/21/2057 (b)   4,400,000 2,654,168
Citigroup Funding, Inc., MTN      
1.3987% due 04/23/2009 (b)   2,000,000 1,969,242
2.805% due 12/08/2008 (b)   400,000 399,944
3.4763% due 06/26/2009 (b)   2,100,000 2,049,638
Citigroup Global Markets Holdings, Inc., Series A,    
MTN      
2.9162% due 03/17/2009 (b)   2,400,000 2,381,342
Citigroup, Inc.      
3.505% due 01/30/2009 (b)   1,100,000 1,095,445
3.7988% due 12/28/2009 (b)   1,400,000 1,336,030
3.8088% due 12/26/2008 (b)   4,100,000 4,100,262
5.30% due 10/17/2012   800,000 730,194
5.50% due 08/27/2012   2,100,000 1,940,788
5.50% due 04/11/2013   8,800,000 8,008,660
5.85% due 07/02/2013   600,000 548,325
6.00% due 08/15/2017   900,000 817,132
6.125% due 08/25/2036   3,500,000 2,669,383
8.40% due 04/29/2049 (b)   22,000,000 12,980,000
Countrywide Financial Corp.      
5.80% due 06/07/2012   3,200,000 3,037,702
Countrywide Home Loan      
4.00% due 03/22/2011   600,000 560,278
Ford Motor Credit Company LLC      
5.70% due 01/15/2010   400,000 231,948
5.80% due 01/12/2009   700,000 623,792
7.25% due 10/25/2011   100,000 44,231
7.375% due 10/28/2009   2,100,000 1,281,000
7.375% due 02/01/2011   100,000 45,688
7.875% due 06/15/2010   300,000 152,921
8.625% due 11/01/2010   100,000 50,009
General Electric Capital Corp.      
5.50% due 09/15/2067 (b)(h) EUR 9,900,000 6,948,183
6.375% due 11/15/2067 (b) $ 4,100,000 2,622,815
General Electric Capital Corp., MTN      
2.2188% due 08/15/2011 (b)   4,300,000 3,812,930
3.565% due 10/26/2009 (b)   800,000 778,450
4.2475% due 01/05/2009 (b)   100,000 99,970
4.5725% due 01/20/2010 (b)   2,400,000 2,295,794

The accompanying notes are an integral part of the financial statements.
276

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
General Electric Capital Corp., Series A, MTN    
2.9388% due 12/15/2009 (b) $ 8,500,000 $ 8,227,830
GMAC LLC      
6.00% due 12/15/2011   400,000 142,492
Goldman Sachs Group, Inc.      
3.30% due 06/23/2009 (b)   1,700,000 1,654,964
5.625% due 01/15/2017   2,000,000 1,495,042
6.15% due 04/01/2018   8,300,000 6,771,962
6.25% due 09/01/2017   5,400,000 4,453,175
Goldman Sachs Group, Inc., MTN      
2.2287% due 11/16/2009 (b)   1,100,000 1,042,256
3.25% due 12/23/2008 (b)   400,000 399,006
Goldman Sachs Group, Inc., Series B, MTN      
3.2938% due 12/22/2008 (b)   5,900,000 5,886,259
4.1638% due 07/23/2009 (b)   1,100,000 1,069,892
HBOS Treasury Services PLC, MTN      
4.59% due 07/17/2009 (b)(h)   3,900,000 3,892,996
International Lease Finance Corp., MTN      
2.3731% due 05/24/2010 (b)   18,700,000 13,307,593
JPMorgan Chase & Company      
6.00% due 01/15/2018   2,300,000 2,219,896
JPMorgan Chase & Company, MTN      
2.5463% due 05/07/2010 (b)   3,900,000 3,769,627
JPMorgan Chase Bank NA, BKNT      
6.00% due 10/01/2017   3,900,000 3,619,278
JPMorgan Chase Capital XX, Series T      
6.55% due 09/29/2036   400,000 289,778
KeyBank NA, BKNT      
5.0606% due 06/02/2010 (b)   4,400,000 4,229,676
Korea Development Bank      
2.9275% due 04/03/2010 (b)   9,900,000 9,553,906
Lehman Brothers Holdings, Inc., MTN      
4.7013% due 12/23/2010 ^ (b)   10,000,000 900,000
5.3744% due 11/24/2008 ^ (b)   1,200,000 108,000
5.415% due 12/23/2008 ^ (b)   400,000 36,000
5.46% due 11/16/2009 ^ (b)   4,100,000 369,000
5.50% due 05/25/2010 ^ (b)   800,000 72,000
5.5163% due 08/21/2009 ^ (b)   2,300,000 207,000
5.5981% due 04/03/2009 ^ (b)   1,300,000 117,000
6.875% due 05/02/2018 ^   1,100,000 110,000
Longpoint Re, Ltd.      
8.0688% due 05/08/2010 (b)(h)   1,200,000 1,175,880
Merrill Lynch & Company, Inc.      
6.40% due 08/28/2017   3,100,000 2,844,749
Merrill Lynch & Company, Inc., MTN      
2.2225% due 08/14/2009 (b)   2,300,000 2,177,385
2.4375% due 05/08/2009 (b)   2,700,000 2,622,475
3.735% due 07/25/2011 (b)   3,200,000 2,615,306
6.05% due 08/15/2012   900,000 854,403
6.875% due 04/25/2018   7,600,000 7,184,591
Merrill Lynch & Company, Inc., Series B, MTN    
3.555% due 01/30/2009 (b)   3,200,000 3,165,338
Morgan Stanley      
6.25% due 08/28/2017   800,000 654,393
Morgan Stanley, MTN      
4.2325% due 05/14/2010 (b)   5,000,000 4,649,885
4.8425% due 01/15/2010 (b)   2,400,000 2,220,480
Morgan Stanley, Series F, MTN      
2.5563% due 05/07/2009 (b)   2,900,000 2,837,377

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financial Services (continued)      
Morgan Stanley, Series G, MTN      
2.4975% due 02/09/2009 (b) $ 7,200,000 $ 7,102,800
Mystic Re, Ltd.      
12.6819% due 06/07/2011 (b)(h)   700,000 679,350
Salomon Brothers AG for OAO Gazprom      
10.50% due 10/21/2009   900,000 886,680
SLM Corp., MTN      
4.495% due 11/15/2011 (b) EUR 400,000 338,461
5.585% due 10/25/2011 (b) $ 200,000 135,000
SLM Corp., MTN, Series A      
3.675% due 07/27/2009 (b)   10,500,000 9,700,278
SMFG Preferred Capital      
6.078% due 01/29/2049 (b)(h)   1,600,000 1,141,983
TNK-BP Finance SA      
6.125% due 03/20/2012 (h)   500,000 270,000
TransCapitalInvest, Ltd., for OJSC AK Transneft    
8.70% due 08/07/2018 (h)   1,000,000 570,000
Wells Fargo & Company      
2.9188% due 09/15/2009 (b)   1,500,000 1,484,169
ZFS Finance USA Trust IV      
5.875% due 05/09/2032 (h)   1,100,000 656,282
      253,082,733
 
Food & Beverages - 0.37%      
General Mills, Inc.      
4.1887% due 01/22/2010 (b)   2,100,000 1,931,460
Kraft Foods, Inc.      
6.125% due 02/01/2018   2,500,000 2,320,574
6.875% due 02/01/2038   1,100,000 964,182
      5,216,216
 
Gas & Pipeline Utilities - 0.17%      
NGPL PipeCo LLC      
6.514% due 12/15/2012 (h)   2,600,000 2,422,293
Insurance - 1.39%      
American International Group, Inc., MTN      
3.3038% due 03/20/2012   4,200,000 2,619,410
MetLife, Inc.      
6.40% due 12/15/2036 (b)   900,000 485,775
Metropolitan Life Global Funding I, MTN      
2.1888% due 05/17/2010 (b)(h)   5,000,000 4,452,725
Monumental Global Funding, Ltd.      
5.50% due 04/22/2013 (h)   1,900,000 1,800,495
Pricoa Global Funding I      
3.565% due 01/30/2012 (b)(h)   3,200,000 2,403,245
3.9688% due 09/27/2013 (b)(h)   2,700,000 1,776,127
Principal Life Income Funding Trusts, MTN      
5.30% due 04/24/2013   2,200,000 2,030,156
5.55% due 04/27/2015   3,500,000 3,253,491
Residential Reinsurance 2007, Ltd., Series CL2    
12.9319% due 06/07/2010 (b)(h)   600,000 589,500
      19,410,924
 
International Oil - 0.02%      
Gaz Capital for Gazprom      
6.212% due 11/22/2016 (h)   500,000 290,000
Manufacturing - 0.23%      
Siemens Financieringsmaatschappij NV      
2.1825% due 08/14/2009 (b)(h)   3,200,000 3,200,227

The accompanying notes are an integral part of the financial statements.
277

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Pharmaceuticals - 0.14%      
AstraZeneca PLC      
5.90% due 09/15/2017 $ 1,000,000 $ 992,202
6.45% due 09/15/2037   1,000,000 955,544
      1,947,746
 
Retail - 1.00%      
Home Depot, Inc.      
3.75% due 09/15/2009   14,300,000 13,938,239
Telecommunications Equipment &      
Services - 0.42%      
Verizon Communications, Inc.      
4.20% due 04/03/2009 (b)   5,900,000 5,853,596
Telephone - 0.27%      
AT&T, Inc.      
2.9588% due 02/05/2010 (b)   1,400,000 1,334,153
Telecom Italia Capital SA      
5.1125% due 07/18/2011 (b)   3,200,000 2,480,774
      3,814,927
 
Tobacco - 0.10%      
Philip Morris International, Inc.      
5.65% due 05/16/2018   1,600,000    1,435,320
TOTAL CORPORATE BONDS (Cost $570,700,253)      $ 477,409,581
  
MUNICIPAL BONDS - 1.69%      
California - 0.78%      
Los Angeles Unified School District, California,    
Series A-1      
4.50% due 07/01/2023   5,000,000 4,628,050
San Diego Tobacco Settlement Revenue Funding    
Corp.      
7.125% due 06/01/2032   1,550,000 1,436,974
State of California      
5.00% due 11/01/2037   4,700,000 3,945,650
Tobacco Securitization Authority South California    
Tobacco Settlement, Series A1-SNR      
5.125% due 06/01/2046   1,500,000 834,975
      10,845,649
 
Illinois - 0.39%      
Chicago Illinois Transit Authority, Series A      
6.30% due 12/01/2021   100,000 96,419
6.899% due 12/01/2040   2,700,000 2,567,430
Chicago Illinois Transit Authority, Series B      
6.30% due 12/01/2021   300,000 289,257
6.899% due 12/01/2040   2,600,000 2,472,340
      5,425,446
 
Iowa - 0.07%      
Tobacco Settlement Authority of Iowa, Tobacco    
Settlement Revenue, Series A      
6.50% due 06/01/2023   1,070,000 936,154
Nevada - 0.01%      
Truckee Meadows Nevada Water Authority, Water    
Revenue, Series A      
5.00% due 07/01/2036   200,000 167,768

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
Pennsylvania - 0.08%      
Pennsylvania Higher Educational Facilties      
Authority, Facilities Authority Revenue      
8.193% due 07/15/2013 (b) $ 2,300,000 $ 1,175,783
West Virginia - 0.20%      
Tobacco Settlement Finance Authority of West    
Virginia      
7.467% due 06/01/2047   3,250,000 2,737,475
Wisconsin - 0.16%      
Badger Tobacco Asset Securitization Corp.      
6.125% due 06/01/2027   2,420,000    2,286,827
TOTAL MUNICIPAL BONDS (Cost $26,756,711)      $ 23,575,102
  
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 11.91%      
American Home Mortgage Investment Trust, Series    
2004-4, Class 4A      
4.39% due 02/25/2045 (b)   248,754 143,704
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2004-8, Class 2A1      
5.0576% due 11/25/2034 (b)   3,675,107 3,360,485
Bear Stearns Adjustable Rate Mortgage Trust,    
Series 2004-9, Class 22A1      
4.7889% due 11/25/2034 (b)   1,223,009 814,504
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1    
5.4955% due 09/25/2036 (b)   1,154,079 769,355
Bear Stearns Commercial Mortgage Securities,    
Series 2007-PW15, Class A4      
5.331% due 02/11/2044   400,000 269,411
Bear Stearns Commercial Mortgage Securities,    
Series 2007-PW18, Class A4      
5.70% due 06/11/2050   4,300,000 2,907,949
Bear Stearns Commercial Mortgage Securities,    
Series 2007-T26, Class A4      
5.471% due 01/12/2045 (b)   1,000,000 677,667
Bear Stearns Mortgage Funding Trust, Series    
2007-AR1, Class 2A1      
1.465% due 02/25/2037 (b)   2,728,348 2,326,764
Citigroup Mortgage Loan Trust, Inc., Series      
2005-11, Class 1A1      
4.90% due 12/25/2035 (b)   1,092,248 879,204
Citigroup Mortgage Loan Trust, Inc., Series      
2005-11, Class A2A      
4.70% due 12/25/2035   509,822 406,484
Commercial Mortgage Pass-Through Certificates,    
Series 2006-C8, Class A4      
5.306% due 12/10/2046 (b)   2,900,000 1,918,706
Countrywide Alternative Loan Trust,      
Series 2005-62, Class 2A1      
3.479% due 12/25/2035 (b)   11,797,265 5,760,300
Countrywide Alternative Loan Trust,      
Series 2005-81, Class A1      
1.675% due 02/25/2037 (b)   6,866,967 2,739,282
Countrywide Home Loan Mortgage Pass Through    
Trust, Series 2004-22, Class A3      
4.7919% due 11/25/2034 (b)   2,337,431 1,291,594
Countrywide Home Loan Mortgage Pass Through    
Trust, Series 2004-HYB9, Class 1A1      
4.731% due 02/20/2035 (b)   4,230,996 2,397,389

The accompanying notes are an integral part of the financial statements.
278

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Countrywide Home Loans,      
Series 2005-HYB9, Class 3A2A      
5.25% due 11/20/2025 (b) $ 595,871 $ 316,116
Credit Suisse Mortgage Capital Certificates, Series    
2006-C2, Class A3      
5.8467% due 03/15/2039 (b)   300,000 195,124
Credit-Based Asset Servicing and Securitization    
LLC, Series 2007-SP1, Class A1      
1.485% due 12/25/2037 (b)(h)   3,730,774 3,422,799
CS First Boston Mortgage Securities Corp., Series    
2005-C6, Class A1      
4.938% due 12/15/2040   745,699 708,315
Deutsche ALT-A Securities, Inc. Alternate Loan    
Trust, Series 2007-AR1, Class A3B      
1.465% due 01/25/2047 (b)   1,694,461 1,498,264
Federal Home Loan Mortgage Corp., REMIC,    
Series 2007-3346, Class FA      
1.6525% due 02/15/2019 (b)   14,476,267 13,988,153
Federal Home Loan Mortgage Corp., Series      
2002-2539, Class TE      
5.00% due 12/15/2026   977,392 977,500
Federal Home Loan Mortgage Corp., Series      
2007-3335, Class AF      
1.5725% due 10/15/2020 (b)   20,968,564 20,205,365
Federal Home Loan Mortgage Corp., Series      
2007-3335, Class BF      
1.5725% due 07/15/2019 (b)   3,401,525 3,286,643
Federal Home Loan Mortgage Corp., Series 2637,    
Class F      
1.8225% due 06/15/2018 (b)   297,974 287,376
Federal Home Loan Mortgage Corp., Series 3036,    
Class NA      
5.00% due 07/15/2024   2,116,403 2,141,526
Federal Home Loan Mortgage Corp., Series 3149,    
Class LF      
1.7225% due 05/15/2036 (b)   1,635,125 1,564,106
Federal Home Loan Mortgage Corp., Series 3335,    
Class FT      
1.5725% due 08/15/2019 (b)   15,452,496 14,912,407
Federal Home Loan Mortgage Corp., Series T-63,    
Class 1A1      
3.8643% due 02/25/2045 (b)   199,832 178,362
Federal National Mortgage Association, REMIC,    
Series 2007-73, Class A1      
1.455% due 07/25/2037 (b)   3,952,119 3,596,886
Federal National Mortgage Association, Series    
2003-21, Class M      
5.00% due 02/25/2017   473,840 481,419
Federal National Mortgage Association, Series    
2003-37, Class HY      
5.00% due 12/25/2016   7,937,013 8,048,174
Federal National Mortgage Association, Series    
2003-W6, Class F      
1.745% due 09/25/2042 (b)   1,884,267 1,852,495
Federal National Mortgage Association, Series    
2005-120, Class NF      
1.495% due 01/25/2021 (b)   13,307,423 13,022,982
Federal National Mortgage Association, Series    
2005-33, Class QA      
5.00% due 06/25/2027   1,528,886 1,547,321

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Federal National Mortgage Association, Series    
2006-5, Class 3A2      
4.6651% due 02/25/2036 (b) $ 433,182 $ 457,329
Greenpoint Mortgage Funding Trust, Series      
2006-AR6, Class A1A      
1.475% due 10/25/2046 (b)   1,839,486 1,464,753
Greenpoint Mortgage Funding Trust, Series      
2006-AR8, Class 1A1A      
1.475% due 01/25/2047 (b)   2,059,001 1,887,993
Greenwich Capital Commercial Funding Corp.,    
Series 2007-GG9, Class A4      
5.444% due 03/10/2039   1,400,000 903,241
GS Mortgage Securities Corp II, Series 2007-EOP,    
Class A1      
2.2675% due 03/06/2020 (b)(h)   2,934,388 2,156,785
GS Mortgage Securities Corp II, Series      
2007-GG10, Class A4      
5.9932% due 08/10/2045 (b)   3,100,000 1,921,612
GSR Mortgage Loan Trust, Series 2005-AR7,    
Class 6A1      
5.2479% due 11/25/2035 (b)   2,910,222 2,058,241
Indymac Index Mortgage Loan Trust, Series      
2006-AR14, Class 1A1A      
1.485% due 11/25/2046 (b)   1,079,163 976,921
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2007-LD11, Class ASB      
6.0071% due 06/15/2049 (b)   100,000 71,052
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2007-LD12, Class A4      
5.882% due 02/15/2051 (b)   1,000,000 613,401
JPMorgan Chase Commercial Mortgage Securities    
Corp., Series 2007-LDPX, Class A3      
5.42% due 01/15/2049   400,000 242,038
JPMorgan Chase Commercial Mortgage Security    
Corp., Series 2006-LDP9, Class A3      
5.336% due 05/15/2047   3,000,000 1,818,915
JPMorgan Mortgage Trust, Series 2005-A1, Class    
6T1      
5.0246% due 02/25/2035 (b)   1,839,235 1,315,227
LB-UBS Commercial Mortgage Trust, Series    
2002-C2, Class A2      
4.904% due 06/15/2026   100,303 99,340
LB-UBS Commercial Mortgage Trust, Series    
2005-C7, Class A1      
4.99% due 11/15/2030   1,009,312 956,809
Mellon Residential Funding Corp., Series      
2000-TBC3, Class A1      
1.8625% due 12/15/2030 (b)   4,821,805 3,871,314
Merrill Lynch Mortgage Investors, Inc., Series    
2005-2, Class 3A      
4.2588% due 10/25/2035 (b)   557,733 420,839
Merrill Lynch Mortgage Investors, Inc., Series    
2005-3, Class 4A      
3.5087% due 11/25/2035 (b)   308,836 225,612
Merrill Lynch Mortgage Investors, Inc., Series    
2005-A10, Class A      
1.605% due 02/25/2036 (b)   1,105,335 608,161
Merrill Lynch/Countrywide Commercial Mortgage    
Trust, Series 2007-6, Class A4      
5.485% due 03/12/2051 (b)   2,000,000 1,276,836

The accompanying notes are an integral part of the financial statements.
279

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Morgan Stanley Capital I, Series 2007-IQ16, Class    
A4      
5.809% due 12/12/2049 $ 200,000 $ 128,697
Morgan Stanley Capital I, Series 2007-XLFA, Class    
A1      
1.483% due 10/15/2020 (b)(h)   717,003 530,552
Structured Asset Mortgage Investments, Inc.,    
Series 2005-AR5, Class A3      
1.7238% due 07/19/2035 (b)   2,282,903 1,581,787
Structured Asset Mortgage Investments, Inc.,    
Series 2005-AR8, Class A1A      
1.675% due 02/25/2036 (b)   658,168 284,525
Structured Asset Mortgage Investments, Inc.,    
Series 2007-AR2, Class 2A1      
1.525% due 03/25/2037 (b)   3,407,324 1,253,207
Thornburg Mortgage Securities Trust, Series    
2006-5, Class A1      
1.515% due 08/25/2036 (b)   4,132,423 3,416,505
Thornburg Mortgage Securities Trust, Series    
2006-6, Class A1      
1.505% due 11/25/2011 (b)   1,600,866 1,327,060
Wachovia Bank Commercial Mortgage Trust,    
Series 2006-WL7A, Class A1      
1.5125% due 08/11/2018 (b)(h)   8,165,327 6,146,370
Wachovia Bank Commercial Mortgage Trust,    
Series 2007-C31, Class A4      
5.509% due 04/15/2047   1,400,000 868,943
Wachovia Bank Commercial Mortgage Trust,    
Series 2007-WHL8, Class A1      
1.5025% due 06/15/2020 (b)(h)   3,221,791 2,241,258
WaMu Mortgage Pass-Through Certificates, Series    
2002-AR17, Class 1A      
3.865% due 11/25/2042 (b)   251,957 206,990
Washington Mutual, Inc., Series 2001-7, Class A    
3.8747% due 05/25/2041 (b)   204,416 176,988
Washington Mutual, Inc., Series 2005-AR19, Class    
A1A1      
1.665% due 12/26/2045 (b)   3,329,628 1,450,382
Wells Fargo Mortgage Backed Securities Trust,    
Series 2004-CC, Class A1      
4.949% due 01/25/2035 (b)   3,207,497 2,375,917
Wells Fargo Mortgage Backed Securities Trust,    
Series 2006-AR2, Class 2A1      
4.95% due 03/25/2036 (b)   2,450,721   1,590,108
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS  
(Cost $200,713,480)      $ 165,819,839
 
ASSET BACKED SECURITIES - 5.75%      
Access Group, Inc., Series 2008-1, Class A      
4.835% due 10/27/2025 (b)   11,300,000 10,389,141
ACE Securities Corp., Series 2006-ASP5, Class    
A2A      
1.475% due 10/25/2036 (b)   473,641 450,747
Argent Securities, Inc., Series 2006-M2, Class A2A    
1.445% due 09/25/2036 (b)   183,162 178,973
BA Credit Card Trust, Series 2008-A5, Class A5    
2.6225% due 12/16/2013 (b)   13,800,000 12,237,237
Bear Stearns Asset Backed Securities Trust,      
Series 2007-HE5, Class 1A1      
1.485% due 06/25/2047 (b)   1,100,494 965,133

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Bear Stearns Asset Backed Securities, Inc., Series    
2007-HE1, Class 21A1      
1.455% due 01/25/2037 (b) $ 2,752,139 $ 2,388,860
BNC Mortgage Loan Trust, Series 2007-2, Class A2    
1.495% due 05/25/2037 (b)   2,046,025 1,671,204
Carrington Mortgage Loan Trust, Series 2005-NC5,    
Class A2      
1.715% due 10/25/2035 (b)   1,641,309 1,496,004
Citicorp Residential Mortgage Securities, Inc.,    
Series 2006-1, Class A1      
5.956% due 07/25/2036 (b)   963,030 964,043
Citigroup Commercial Mortgage Trust, Series    
2006-FL2, Class A1      
1.4925% due 10/01/2036 (b)(h)   33,498 26,755
Citigroup Mortgage Loan Trust, Inc., Series      
2006-WFH4, Class A1      
1.445% due 11/25/2036 (b)   60,750 60,078
Countrywide Asset-Backed Certificates, Series    
2006-15, Class A1      
1.505% due 10/25/2046 (b)   846,680 788,846
Countrywide Asset-Backed Certificates, Series    
2006-16, Class 2A1      
1.445% due 12/25/2046 (b)   244,713 237,032
Countrywide Asset-Backed Certificates, Series    
2006-17, Class 2A1      
1.445% due 03/25/2047 (b)   440,793 424,531
Countrywide Asset-Backed Certificates, Series    
2006-18, Class 2A1      
1.445% due 03/25/2037 (b)   1,431,762 1,375,859
Countrywide Asset-Backed Certificates, Series    
2006-19, Class 2A1      
1.455% due 03/25/2037 (b)   901,957 867,882
Countrywide Asset-Backed Certificates, Series    
2007-1, Class 2A1      
1.445% due 07/25/2037 (b)   7,280,965 6,494,786
First Franklin Mortgage Loan Asset Backed      
Certificates, Series 2006-FF15, Class A3      
1.445% due 11/25/2036 (b)   1,663,357 1,496,112
First Franklin Mortgage Loan Asset Backed      
Certificates, Series 2006-FF9, Class 2A1      
1.455% due 06/25/2036 (b)   1,616,557 1,558,562
First Franklin Mortgage Loan Asset Backed      
Certificates, Series 2007-FF1, Class A2A      
1.435% due 01/25/2038 (b)   2,409,580 2,214,451
Fremont Home Loan Trust, Series 2006-3, Class    
2A1      
1.465% due 02/25/2037 (b)   335,090 323,871
GE Capital Commercial Mortgage Corp., Series    
2002-3A, Class A1      
4.229% due 12/10/2037 (b)   4,483,761 4,216,824
GSAMP Trust, Series 2006-FM2, Class A2A    
1.465% due 09/25/2036 (b)   671,791 638,908
GSAMP Trust, Series 2007-FM1, Class A2A    
1.465% due 12/25/2036 (b)   1,633,232 1,406,085
GSR Mortgage Loan Trust, Series 2005-HEL1,    
Class A2A      
1.495% due 11/25/2030 (b)   5,459 5,379
HFC Home Equity Loan Asset Backed Certificates,    
Series 2005-1, Class A      
1.7425% due 01/20/2034 (b)   2,559,479 1,788,112

The accompanying notes are an integral part of the financial statements.
280

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
HSBC Asset Loan Obligation, Series 2007-WF1,    
Class A1      
1.455% due 12/25/2036 (b) $ 6,109,529 $ 5,599,385
HSI Asset Securitization Corp. Trust, Series      
2006-HE2, Class 2A1      
1.445% due 12/25/2036 (b)   665,129 580,447
JPMorgan Mortgage Acquisition Corp., Series    
2006-HE3, Class A2      
3.276% due 11/25/2036 (b)   254,364 232,550
JPMorgan Mortgage Acquisition Corp., Series    
2006-WMC3, Class A2      
1.445% due 08/25/2036 (b)   359,773 337,890
JPMorgan Mortgage Acquisition Corp., Series    
2007-HE1, Class AV1      
1.455% due 04/25/2009 (b)   2,125,004 1,740,834
Lehman Brothers Floating Rate Commercial      
Mortgage Trust, Series 2006-LLFA, Class A1    
1.5025% due 09/15/2021 (b)(h)   288,494 177,798
Long Beach Mortgage Loan Trust, Series 2004-4,    
Class 1A1      
1.675% due 10/25/2034 (b)   58,753 35,793
Master Asset Backed Securities Trust, Series    
2007-HE1, Class A1      
1.475% due 05/25/2037 (b)   1,401,304 1,221,763
Morgan Stanley Asset Backed Securities Capital I,    
Series 2006-NC5, Class A2A      
1.435% due 10/25/2036 (b)   453,179 423,421
Morgan Stanley Asset Backed Securities Capital I,    
Series 2007-HE1, Class A2A      
1.445% due 11/25/2036 (b)   1,985,855 1,859,319
Option One Mortgage Loan Trust, Series 2007-1,    
Class 2A1      
1.445% due 01/25/2037 (b)   1,233,256 1,166,291
Park Place Securities, Inc., Series 2004-MCW1,    
Class A1      
1.707% due 08/25/2034 (b)   2,285,399 1,657,669
Residential Asset Mortgage Products, Inc., Series    
2006-RZ4, Class A1A      
1.475% due 10/25/2036 (b)   975,703 897,032
Residential Asset Securities Corp., Series      
2006-EMX9, Class 1A1      
1.465% due 11/25/2036 (b)   1,410,301 1,349,593
Residential Asset Securities Corp., Series      
2006-KS8, Class A1      
1.455% due 10/25/2036 (b)   588,934 576,065
Residential Asset Securities Corp., Series      
2006-KS9, Class AI1      
1.465% due 11/25/2036 (b)   677,516 649,262
Saxon Asset Securities Trust, Series 2006-3, Class    
A1      
1.455% due 10/25/2046 (b)   350,430 334,593
SBI Heloc Trust, Series 2006-1A, Class 1A2A    
1.565% due 08/25/2036 (b)(h)   712,039 678,150
Securitized Asset Backed Receivables LLC Trust,    
Series 2007-HE1, Class A2A      
1.455% due 12/25/2036 (b)   1,283,597 1,140,001
Soundview Home Equity Loan Trust, Series      
2006-EQ1, Class A1      
1.445% due 10/25/2036 (b)   61,772 61,088

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
Specialty Underwriting & Residential Finance,    
Series 2007-BC1, Class A2A      
1.455% due 01/25/2038 (b) $ 3,122,761 $ 2,638,828
Structured Asset Securities Corp., Series 2006-11,    
Class A1      
5.0336% due 10/25/2035 (b)(h)   1,473,628 910,478
Structured Asset Securities Corp., Series      
2006-BC3, Class A2      
1.445% due 10/25/2036 (b)   1,227,200   1,132,735
TOTAL ASSET BACKED SECURITIES          
(Cost $89,684,581)         $ 80,066,400
  
PREFERRED STOCKS - 4.49%      
Banking - 4.48%      
Bank of America Corp., 8.00%   12,550,000 8,715,674
Bank of America Corp., Series L, 7.25%   9,000 5,445,000
Wachovia Corp., 7.98%   57,600,000 41,344,704
Wachovia Corp., Series L, 7.50%   11,000 6,897,000
      62,402,378
 
Insurance - 0.01%      
American International Group, Inc., 8.50%   6,200   50,902
TOTAL PREFERRED STOCKS (Cost $82,718,338)      $ 62,453,280
  
TERM LOANS - 0.50%      
Cable & Television - 0.11%      
Cablevision Systems Corp.      
4.5688% due 02/24/2013 (b)   1,867,366 1,544,816
Financial Services - 0.30%      
Chrysler Financial      
6.82% due 08/03/2012 (b)   7,920,000 4,184,397
Semiconductors - 0.09%      
Sensata Technologies, Inc.      
5.115% due 04/27/2013 (b)   1,969,773   1,221,260
TOTAL TERM LOANS (Cost $11,382,331)        $ 6,950,473
  
OPTIONS - 1.48%      
Call Options - 1.48%      
Over The Counter European Style Call on      
USD-LIBOR Rate Swaption      
Expiration 12/15/2008 at $3.15 *   270,700,000 5,561,044
Expiration 12/15/2008 at $3.15 *   34,200,000 702,577
Expiration 02/02/2009 at $3.15 *   111,000,000 2,348,338
Expiration 08/03/2009 at $3.45 *   26,000,000 648,339
Expiration 08/03/2009 at $3.45 *   158,800,000 3,959,853
Expiration 08/03/2009 at $3.45 *   23,800,000 593,479
Expiration 02/02/2009 at $3.50 *   129,700,000 3,562,185
Expiration 07/02/2009 at $3.60 *   20,700,000 572,326
Expiration 08/03/2009 at $3.85 *   86,600,000 2,716,936
         20,665,077
TOTAL OPTIONS (Cost $8,747,592)          $ 20,665,077

The accompanying notes are an integral part of the financial statements.
281

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Fund (continued)    
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 3.70%      
JPMorgan Chase & Company      
Tri-Party Repurchase Agreement      
dated 11/28/2008 at 0.35% to be      
repurchased at $40,101,170 on      
12/01/2008, collateralized by      
$37,920,000 Federal Home Loan      
Mortgage Corp., 4.875% due      
11/15/2013 (valued at      
$40,953,600, including interest) $ 40,100,000 $ 40,100,000
Repurchase Agreement with State Street      
Corp. dated 11/28/2008 at 0.05% to be      
repurchased at $11,465,048 on 12/1/2008,      
collateralized by $11,770,000 Federal      
National Mortgage Association, 5.55% due      
07/10/2028 (valued at $11,696,438,      
including interest)   11,465,000    11,465,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $51,565,000)       $ 51,565,000
 
SHORT TERM INVESTMENTS - 1.55%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $ 1,312,500  $ 1,312,500
Merrill Lynch Commercial Trust 2008-LAQ      
2.9864% due 07/09/2009   5,000,000 4,131,805
U.S. Treasury Bills      
zero coupon due 12/04/2008 to      
03/05/2009   16,190,000   16,185,759
TOTAL SHORT TERM INVESTMENTS          
(Cost $22,272,131)          $ 21,630,064
Total Investments (Total Return Fund)          
(Cost $2,699,395,749) - 184.50%   $ 2,569,210,710
Liabilities in Excess of Other Assets - (84.50)%   (1,176,708,767)
TOTAL NET ASSETS - 100.00%   $ 1,392,501,943

Schedule of Securities Sold Short    
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY NOTES - 100.00%      
U.S. Treasury Notes      
2.00%, due 02/28/2010 $ 12,200,000 $ 12,370,605
2.125%, due 04/30/2010   11,500,000 $ 11,738,982
2.375%, due 08/31/2010   27,700,000 $ 28,411,973
2.875%, due 01/31/2013   12,000,000 $ 12,745,308
3.125%, due 11/30/2009   11,200,000 $ 11,459,000
3.25%, due 12/31/2009   53,700,000 $ 55,172,561
3.50%, due 02/15/2010     4,900,000  $ 5,068,437
TOTAL U.S. TREASURY          
NOTES (Proceeds $135,056,861)        $ 136,966,866
Total Securities Sold Short (Total Return Fund)       
(Proceeds $135,056,861)   $ 136,966,866

U.S. Government Securities Fund    
    Shares or  
    Principal  
    Amount Value
 
U.S. TREASURY OBLIGATIONS - 8.81%    
Treasury Inflation Protected      
Securities (d) - 6.30%      
0.875% due 04/15/2010 $ 3,996,369 $ 3,715,688
1.375% due 07/15/2018   1,268,400 1,135,912
1.75% due 01/15/2028   783,353 645,776
2.00% due 01/15/2026   2,634,879 2,204,035
2.375% due 01/15/2027   1,714,363 1,538,507
      9,239,918
 
U.S. Treasury Bonds - 0.36%      
7.125% due 02/15/2023   140,000 190,947
8.875% due 02/15/2019   230,000 335,494
      526,441
 
U.S. Treasury Notes - 2.15%      
4.00% due 08/31/2009 to 08/15/2018   3,060,000    3,155,396
TOTAL U.S. TREASURY OBLIGATIONS       
(Cost $13,468,241)          $ 12,921,755
 
U.S. GOVERNMENT AGENCY OBLIGATIONS - 79.89%  
Federal Home Loan Mortgage Corp. - 14.04%    
5.00% due 08/01/2035   13,849,659 13,952,450
5.00% TBA **   3,000,000 3,015,936
5.50% due 11/01/2035   855,548 869,317
5.868% due 01/01/2037   1,926,154 1,940,497
6.00% due 10/01/2010 to 12/01/2028   355,066 365,624
6.50% due 12/01/2010   1,169 1,194
7.00% due 02/01/2011 to 06/01/2032   399,733 417,122
9.00% due 10/01/2017   4,908 5,331
9.50% due 08/01/2020   18,977 21,994
11.75% due 12/01/2013   676 717
12.00% due 07/01/2020   4,531 5,134
      20,595,316
 
Federal National Mortgage      
Association - 65.45%      
4.75% due 11/19/2012   4,520,000 4,790,078
5.00% due 12/01/2019 to 07/01/2038   12,445,578 12,609,234
5.00% TBA **   19,500,000 19,629,492
5.50% due 03/15/2011 to 08/01/2037   24,633,384 25,102,283
5.50% TBA **   15,400,000 15,658,720
5.743% due 08/01/2037 (b)   1,739,213 1,757,999
6.00% due 02/01/2037   5,470,398 5,600,106
6.00% TBA **   1,660,000 1,695,145
6.335% due 07/01/2037 (b)   1,983,768 2,014,589
6.50% due 02/01/2026 to 10/01/2037   4,272,445 4,409,397
6.5118% due 02/17/2009 (b)   1,544,000 1,526,630
7.00% due 07/01/2022 to 01/01/2034   560,771 586,118
7.50% due 09/01/2029 to 02/01/2031   106,562 111,861
8.00% due 06/01/2017 to 03/01/2033   250,858 265,608
8.50% due 08/01/2019   87,674 95,622
8.75% due 08/01/2009 to 12/01/2009   2,454 2,478
9.00% due 05/01/2021   4,312 4,626
11.50% due 09/01/2013 to 04/01/2019   18,631 21,174
12.00% due 01/01/2013 to 04/01/2016   51,873 59,362
12.50% due 01/01/2013 to 09/01/2015   16,411 18,528
13.50% due 11/01/2014   11,280 12,709
      95,971,759

The accompanying notes are an integral part of the financial statements.
282

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY      
OBLIGATIONS (continued)      
Government National Mortgage      
Association - 0.40%      
6.50% due 02/15/2034 to 09/15/2034 $ 303,760 $ 312,529
7.50% due 03/15/2026 to 12/15/2027   131,947 142,861
8.50% due 06/15/2025   116,766 129,043
11.00% due 09/15/2015   560 647
           585,080
  
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS  
(Cost $114,783,582)         $ 117,152,155
  
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 18.24%      
American Home Mortgage Assets, Series 2006-3,    
Class 3A12      
3.4488% due 10/25/2046 (b)   1,052,802 440,009
American Home Mortgage Investment Trust, Series    
2006-2, Class 1A1      
2.5519% due 06/25/2046 (b)   385,284 371,682
Bear Stearns Alt-A Trust, Series 2004-11, Class 2A2    
5.4253% due 11/25/2034 (b)   530,058 292,971
Bear Stearns Commercial Mortgage Securities,    
Series 2005-PW10, Class A4      
5.405% due 12/11/2040 (b)   360,000 281,615
Bear Stearns Structured Products, Inc., Series    
2007-R11, Class A1A      
1.995% due 09/27/2037 (b)(h)   1,797,921 1,792,186
Commercial Mortgage Pass-Through Certificates,    
Series 2006-C8, Class A4      
5.306% due 12/10/2046 (b)   1,740,000 1,151,223
Countrywide Alternative Loan Trust, Series      
2005-17, Class 2A1      
3.4987% due 07/25/2035 (b)   427,542 187,605
Countrywide Alternative Loan Trust, Series      
2005-59, Class 1A1      
2.8019% due 11/20/2035 (b)   325,001 139,637
Countrywide Alternative Loan Trust, Series      
2006-OA10, Class 4A1      
2.6619% due 08/25/2046 (b)   1,189,511 446,243
Countrywide Alternative Loan Trust, Series      
2006-OA11, Class A4      
5.055% due 07/25/2036 (b)   1,300,415 451,011
Countrywide Alternative Loan Trust, Series      
2006-OA7, Class 3A1      
2.6819% due 06/25/2046 (b)   737,699 312,221
Countrywide Alternative Loan Trust, Series      
2006-OA9, Class 1A1      
1.6525% due 07/20/2046 (b)   1,269,020 452,140
Countrywide Alternative Loan Trust, Series      
2006-OA9, Class 2A1B      
1.6525% due 07/20/2046 (b)   1,310,316 452,203
Countrywide Alternative Loan Trust, Series      
2006-OC2, Class 2A3      
3.5487% due 02/25/2036 (b)   1,000,000 237,120
Countrywide Home Loans, Series 2006-OA5, Class    
1A1      
3.4588% due 03/25/2036 (b)   549,329 236,455
CS First Boston Mortgage Securities Corp, Series    
2005-C5, Class A4      
5.10% due 08/15/2038 (b)   1,010,000 742,692

U.S. Government Securities Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Federal Home Loan Mortgage Corp.,      
Series 2525, Class AM      
4.50% due 04/15/2032 $ 240,246 $ 241,806
Federal National Mortgage Association Whole    
Loan, Series 2003-W12, Class 2A7      
4.68% due 06/25/2043   5,000,000 4,811,147
Federal National Mortgage Association Whole    
Loan, Series 2005-W3, Class 2AF      
3.4787% due 03/25/2045 (b)   493,797 462,850
Federal National Mortgage Association Whole    
Loan, Series 2003-W14, Class 2A      
5.83% due 01/25/2043 (b)   696,025 616,735
Harborview Mortgage Loan Trust, Series 2005-7,    
Class 1A1      
4.548% due 06/19/2045 (b)   426,129 183,901
Impac CMB Trust, Series 2004-5, Class 1A1    
2.8319% due 10/25/2034 (b)   789,043 463,350
Impac Secured Assets Corp., Series 2005-2,      
Class A1      
1.715% due 03/25/2036 (b)   839,055 399,466
LB-UBS Commercial Mortgage Trust, Series    
2006-C3, Class A4      
5.661% due 03/15/2039 (b)   460,000 323,975
LB-UBS Commercial Mortgage Trust,      
Series 2006-C7, Class A3      
5.347% due 11/15/2038   1,950,000 1,195,998
Luminent Mortgage Trust, Series 2006-4, Class A1A    
1.585% due 05/25/2046 (b)   1,025,699 461,857
Master Adjustable Rate Mortgages Trust, Series    
2004-15, Class 1A1      
6.5859% due 12/25/2034 (b)   69,008 36,636
Master Adjustable Rate Mortgages Trust., Series    
2007-3, Class 12A1      
2.6719% due 05/25/2047 (b)   1,677,224 679,083
Merrill Lynch Mortgage Trust, Series 2006-C1,    
Class A4      
5.8409% due 05/12/2039 (b)   750,000 527,328
Morgan Stanley Mortgage Loan Trust, Series    
2006-8AR, Class 1A2      
2.5419% due 06/25/2036 (b)   494,211 406,231
Novastar Mortgage-Backed Notes, Series      
2006-MTA1, Class 2A1A      
1.585% due 09/25/2046 (b)   987,379 418,168
Structured Asset Mortgage Investments, Inc.,    
Series 2006-AR6, Class 1A1      
5.045% due 12/25/2035 (b)   1,150,315 451,613
Structured Asset Mortgage Investments, Inc.,    
Series 2006-AR7, Class A1A      
2.6819% due 08/25/2036 (b)   1,422,459 566,347
Thornburg Mortgage Securities Trust, Series    
2005-4, Class A4      
3.4588% due 12/25/2035 (b)   1,617,358 1,609,540
Thornburg Mortgage Securities Trust, Series    
2006-3, Class A2      
1.50% due 05/25/2046 (b)   1,292,306 1,151,219
Thornburg Mortgage Securities Trust, Series    
2006-3, Class A3      
1.505% due 06/25/2046 (b)   1,401,430 1,365,416
Thornburg Mortgage Securities Trust, Series    
2007-4, Class 2A1      
6.2157% due 09/25/2037 (b)   631,213 441,607

The accompanying notes are an integral part of the financial statements.
283

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Thornburg Mortgage Securities Trust, Series    
2007-4, Class 3A1      
6.2125% due 09/25/2037 (b) $ 602,920 $ 418,290
WaMu Mortgage Pass-Through Certificates, Series    
2005-AR17, Class A1A1      
1.665% due 12/25/2045 (b)   800,554 327,423
Washington Mutual, Inc., Series 2005-AR13, Class    
A1B3      
3.6188% due 10/25/2045 (b)   548,123 194,964
Washington Mutual, Inc., Series 2005-AR8, Class    
2A1A      
3.5487% due 07/25/2045 (b)   777,762 345,662
Zuni Mortgage Loan Trust, Series 2006-OA1,    
Class A1      
1.525% due 08/25/2036 (b)    706,813    663,360
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS       
(Cost $41,473,636)       $ 26,750,985
  
ASSET BACKED SECURITIES - 10.66%    
ACE Securities Corp., Series 2006-GP1, Class A    
1.525% due 02/25/2031 (b)   689,894 568,191
ACE Securities Corp., Series 2006-SL3, Class A1    
2.5719% due 06/25/2036 (b)   771,690 165,563
Aegis Asset Backed Securities Trust, Series      
2004-2, Class A3      
2.9519% due 06/25/2034 (b)   173,194 143,748
Amortizing Residential Collateral Trust, Series    
2001-BC6, Class A      
3.9588% due 10/25/2031 (b)   583,503 532,892
Bravo Mortgage Asset Trust, Series 2006-1A,    
Class A1      
2.6019% due 07/25/2036 (b)(h)   300,290 264,659
Countrywide Asset-Backed Certificates, Series    
2002-BC2, Class A      
3.7987% due 04/25/2032 (b)   302,923 244,553
Countrywide Home Equity Loan Trust, Series    
2004-I, Class A      
4.8775% due 02/15/2034 (b)   698,715 438,351
Countrywide Home Equity Loan Trust, Series    
2005-E, Class 2A      
1.6425% due 11/15/2035 (b)   245,021 132,232
Countrywide Home Equity Loan Trust, Series    
2006-E, Class 2A      
4.70% due 07/15/2036 (b)   825,213 397,451
Countrywide Home Equity Loan Trust, Series    
2006-RES, Class 4E1B      
1.6825% due 07/25/2036 (b)(h)   750,911 225,273
Countrywide Home Equity Loan Trust, Series    
2006-RES, Class 4F1B      
1.6825% due 07/25/2036 (b)(h)   866,228 259,868
Countrywide Home Equity Loan Trust, Series    
2007-GW, Class A      
5.11% due 08/15/2037 (b)   1,363,155 832,965
Credit Suisse Mortgage Capital Certificates, Series    
2006-CF2, Class A1      
2.7319% due 05/25/2036 (b)(h)   677,655 562,454
GMAC Mortgage Corp. Loan Trust, Series      
2006-HE1, Class A      
2.6819% due 11/25/2036 (b)   1,537,689 604,449

U.S. Government Securities Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES      
(continued)      
GSAA Home Equity Trust, Series 2005-5, Class A4    
2.7419% due 02/25/2035 (b) $ 317,297 $ 257,011
GSAMP Trust, Series 2006-S4, Class A1      
1.485% due 05/25/2036 (b)   505,657 192,096
IndyMac Seconds Asset Backed Trust, Series    
2006-A, Class A      
1.525% due 06/25/2036 (b)   958,266 177,892
JPMorgan Chase Commercial Mortgage Securities    
Corp, Series 2006-CB17, Class A4      
5.429% due 12/12/2043   2,490,000 1,574,762
Long Beach Mortgage Loan Trust, Series 2005-3,    
Class 2A2      
2.7519% due 09/25/2035 (b)   480,482 429,915
Merrill Lynch First Franklin Mortgage Loan Trust,    
Series 2007-H1, Class 2A1      
2.895% due 10/25/2037 (b)   1,558,258 1,363,959
Morgan Stanley Mortgage Loan Trust, Series    
2006-4SL, Class A1      
1.545% due 03/25/2036 (b)   566,150 171,841
Nelnet Student Loan Trust, Series 2008-4, Class A4    
4.28% due 04/25/2024 (b)   320,000 278,400
SACO I Trust, Inc., Series 2006-6, Class A      
1.525% due 06/25/2036 (b)   874,668 156,818
SACO I Trust, Inc., Series 2006-7, Class A1      
2.6019% due 07/25/2036 (b)   927,553 158,921
SLM Student Loan Trust, Series 2006-5, Class A2    
3.525% due 07/25/2017 (b)   608,463 602,518
Structured Asset Securities Corp., Series      
2006-ARS1, Class A1      
1.505% due 02/25/2036 (b)(h)   844,368 112,070
Truman Capital Mortgage Loan Trust, Series    
2006-1, Class A      
2.7319% due 03/25/2036 (b)(h)   976,297 659,836
Washington Mutual, Inc., Series 2007-HE3, Class    
2A2      
3.4288% due 05/25/2037 (b)   2,300,000 1,442,451
Washington Mutual, Inc., Series 2007-HE3, Class    
2A4      
3.5487% due 05/25/2037 (b)   1,200,000 246,051
Lehman XS Trust, Series 2006-2N, Class 1A1    
2.7319% due 02/25/2046 (b)   1,064,039 436,020
Lehman XS Trust, Series 2006-GP3, Class 3A1A    
2.5419% due 06/25/2046 (b)   741,067 670,938
Lehman XS Trust, Series 2006-GP4, Class 3A1A    
3.3287% due 08/25/2046 (b)   841,890 638,830
RAAC Series, Series 2006-RP3, Class A      
2.7313% due 05/25/2036 (b)(h)   939,141    694,574
TOTAL ASSET BACKED SECURITIES      
(Cost $28,231,778)        $ 15,637,552
  
PREFERRED STOCKS - 0.03%      
Financial Services - 0.03%      
Federal Home Loan Mortgage Corp., Series Z * 23,775 17,831
Federal National Mortgage Association,      
Series S *   17,050 18,585
          36,416
 
TOTAL PREFERRED STOCKS (Cost $1,020,625)     $ 36,416

The accompanying notes are an integral part of the financial statements.
284

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Fund (continued)
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 8.32%      
JPMorgan Chase & Company      
Tri-Party Repurchase Agreement      
dated 11/28/2008 at 0.17% to be      
repurchased at $4,897,069 on      
12/01/2008, collateralized by      
$5,008,000 Federal Home Loan      
Bank, zero coupon due 12/31/2008      
(valued at $4,994,929, including      
interest) $ 4,897,000 $ 4,897,000
Merrill Lynch Tri-Party Repurchase      
Agreement dated 11/28/2008 at 0.18% to      
be repurchased at $7,303,110 on      
12/01/2008, collateralized by $7,451,000      
Federal National Mortgage Association,      
zero coupon due 12/31/2008 (valued at      
$7,449,060, including interest)     7,303,000    7,303,000
TOTAL REPURCHASE AGREEMENTS       
(Cost $12,200,000)         $ 12,200,000
Total Investments (U.S. Government Securities Fund)     
(Cost $211,177,862) - 125.95%   $ 184,698,863
Liabilities in Excess of Other Assets - (25.95)%   (38,058,271)
TOTAL NET ASSETS - 100.00%   $ 146,640,592

U.S. High Yield Bond Fund      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 78.90%      
Advertising - 1.27%      
Lamar Media Corp.      
6.625% due 08/15/2015 (a) $ 3,325,000 $ 2,410,625
Lamar Media Corp., Series C      
6.625% due 08/15/2015   1,780,000 1,290,500
R.H. Donnelley Corp., Series A-3      
8.875% due 01/15/2016   1,375,000 178,750
R.H. Donnelley, Inc.      
11.75% due 05/15/2015   1,100,000 291,500
Sheridan Group, Inc.      
10.25% due 08/15/2011   1,500,000 1,155,000
      5,326,375
Agriculture - 0.53%      
Mosaic Company      
7.375% due 12/01/2014 (h)   715,000 607,750
7.625% due 12/01/2016 (h)   1,953,000 1,620,990
      2,228,740
Air Travel - 0.03%      
Continental Airlines, Inc., Series 00-1      
8.499% due 05/01/2011   148,200 141,531
Auto Parts - 0.59%      
Allison Transmission, Inc.      
11.00% due 11/01/2015 (h)   2,785,000 1,392,500
11.25% due 11/01/2015 (h)   2,725,000 1,103,625
      2,496,125

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Auto Services - 0.68%      
KAR Holdings, Inc.      
8.75% due 05/01/2014 $ 1,200,000  $ 510,000
10.00% due 05/01/2015   8,305,000 2,325,400
      2,835,400
 
Automobiles - 1.19%      
Ford Motor Company      
7.40% due 11/01/2046   600,000 126,000
7.45% due 07/16/2031   1,545,000 386,250
9.50% due 09/15/2011   600,000 198,000
General Motors Corp.      
6.75% due 05/01/2028   2,100,000 357,000
7.20% due 01/15/2011 (a)   4,050,000 1,093,500
7.375% due 05/23/2048   1,500,000 240,000
8.375% due 07/15/2033   1,725,000 379,500
Sonic Automotive, Inc., Series B      
8.625% due 08/15/2013   3,058,000 1,100,880
United Auto Group, Inc.      
7.75% due 12/15/2016   3,050,000 1,113,250
      4,994,380
 
Banking - 0.13%      
Chevy Chase Bank      
6.875% due 12/01/2013   900,000 542,250
Broadcasting - 1.15%      
Barrington Broadcasting Group LLC      
10.50% due 08/15/2014   4,400,000 1,705,000
Fisher Communications, Inc.      
8.625% due 09/15/2014   3,375,000 2,801,250
Muzak Finance Corp.      
13.00% due 03/15/2010   700,000 301,000
      4,807,250
 
Building Materials & Construction - 0.25%    
Esco Corp.      
6.6937% due 12/15/2013 (b)(h)   625,000 406,250
8.625% due 12/15/2013 (h)   825,000 635,250
      1,041,500
 
Business Services - 5.13%      
Cornell Companies, Inc.      
10.75% due 07/01/2012   2,975,000 2,647,750
First Data Corp.      
9.875% due 09/24/2015   6,550,000 3,766,250
Iron Mountain, Inc.      
8.00% due 06/15/2020   3,050,000 2,348,500
Lender Processing Services, Inc.      
8.125% due 07/01/2016   3,300,000 2,772,000
NCO Group, Inc.      
11.875% due 11/15/2014   2,575,000 1,519,250
Rural/Metro Corp.      
9.875% due 03/15/2015   1,900,000 1,596,000
SunGard Data Systems, Inc.      
3.75% due 01/15/2009   125,000 123,750
4.875% due 01/15/2014   600,000 450,000
9.125% due 08/15/2013   365,000 282,875
10.25% due 08/15/2015   10,371,000 6,015,180
      21,521,555

The accompanying notes are an integral part of the financial statements.
285

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cable & Television - 8.39%      
CCH II LLC / CCH I Capital Corp.      
11.00% due 09/15/2010 (h) $ 1,300,000 $ 659,750
Charter Communications Holdings I LLC      
11.00% due 10/01/2015   1,725,000 396,750
Charter Communications Operating LLC      
8.00% due 04/30/2012 (h)   6,700,000 4,773,750
8.375% due 04/30/2014 (h)   7,250,000 4,930,000
CSC Holdings, Inc.      
6.75% due 04/15/2012   2,275,000 1,905,313
CSC Holdings, Inc., Series B      
7.625% due 04/01/2011   1,025,000 907,125
8.125% due 08/15/2009   2,400,000 2,304,000
DirecTV Holdings LLC      
6.375% due 06/15/2015   200,000 162,500
8.375% due 03/15/2013   10,150,000 9,338,000
EchoStar DBS Corp.      
6.375% due 10/01/2011   1,400,000 1,190,000
6.625% due 10/01/2014   950,000 679,250
7.00% due 10/01/2013   600,000 450,000
7.125% due 02/01/2016   3,400,000 2,414,000
7.75% due 05/31/2015   2,750,000 2,021,250
Videotron Ltee.      
6.375% due 12/15/2015   1,070,000 823,900
6.875% due 01/15/2014   1,740,000 1,452,900
9.125% due 04/15/2018 (h)   900,000 792,000
      35,200,488
 
Cellular Communications - 3.20%      
Centennial Communications Corp.      
8.125% due 02/01/2014   403,000 398,970
10.00% due 01/01/2013   4,200,000 4,221,000
Cricket Communications, Inc.      
9.375% due 11/01/2014   5,705,000 4,528,344
MetroPCS Wireless, Inc.      
9.25% due 11/01/2014   3,850,000 3,157,000
Verizon Wireless Capital LLC      
8.50% due 11/15/2018 (h)   1,100,000 1,109,885
      13,415,199
 
Chemicals - 1.67%      
American Pacific Corp.      
9.00% due 02/01/2015   1,500,000 1,320,000
Huntsman International LLC      
7.875% due 11/15/2014   4,250,000 2,805,000
Innophos Holdings, Inc.      
9.50% due 04/15/2012 (h)   600,000 444,000
Innophos, Inc.      
8.875% due 08/15/2014   2,850,000 2,422,500
      6,991,500
 
Commercial Services - 0.83%      
Mac-Gray Corp.      
7.625% due 08/15/2015   3,770,000 3,468,400
Computer Services - 0.40%      
Affiliated Computer Services, Inc.      
5.20% due 06/01/2015   2,450,000 1,690,500
Computers & Business Equipment - 0.68%    
Seagate Technology HDD Holdings      
6.80% due 10/01/2016   4,550,000 2,843,750

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Containers & Glass - 1.77%      
Crown Holdings, Inc.      
8.00% due 04/15/2023 $ 4,715,000 $ 3,477,313
Graham Packaging Company      
9.875% due 10/15/2014   2,660,000 1,675,800
Owens-Brockway Glass Container, Inc.      
8.25% due 05/15/2013   1,775,000 1,668,500
Owens-Illinois, Inc.      
7.80% due 05/15/2018   750,000 615,000
      7,436,613
 
Correctional Facilities - 1.00%      
Corrections Corp. of America      
6.25% due 03/15/2013   1,400,000 1,232,000
Geo Group, Inc.      
8.25% due 07/15/2013   3,440,000 2,975,600
      4,207,600
 
Crude Petroleum & Natural Gas - 3.22%      
AmeriGas Partners LP      
7.125% due 05/20/2016   2,110,000 1,477,000
7.25% due 05/20/2015   1,300,000 936,000
Calfrac Holdings LP      
7.75% due 02/15/2015 (h)   2,925,000 1,638,000
Chesapeake Energy Corp.      
6.375% due 06/15/2015   200,000 140,000
6.625% due 01/15/2016   1,000,000 697,500
6.875% due 01/15/2016   600,000 423,000
6.875% due 11/15/2020   2,000,000 1,300,000
7.25% due 12/15/2018   500,000 350,000
7.50% due 09/15/2013   900,000 715,500
7.50% due 06/15/2014   1,355,000 1,056,900
Forest Oil Corp.      
7.25% due 06/15/2019 (h)   875,000 599,375
Hilcorp Energy I LP      
7.75% due 11/01/2015 (h)   1,330,000 950,950
Hilcorp Energy I LP/Hilcorp Finance Company    
9.00% due 06/01/2016 (h)   3,625,000 2,591,875
SandRidge Energy, Inc.      
8.00% due 06/01/2018 (h)   1,000,000 640,000
      13,516,100
 
Domestic Oil - 0.30%      
SandRidge Energy, Inc.      
8.625% due 04/01/2015   2,000,000 1,270,000
Drugs & Health Care - 0.15%      
Omnicare, Inc.      
6.125% due 06/01/2013   750,000 618,750
Educational Services - 0.24%      
Education Management Corp.      
8.75% due 06/01/2014   1,375,000 996,875
Electrical Utilities - 0.17%      
Ipalco Enterprises, Inc.      
7.25% due 04/01/2016 (h)   950,000 722,000
Electronics - 0.46%      
L-3 Communications Corp.      
5.875% due 01/15/2015   2,400,000 1,944,000

The accompanying notes are an integral part of the financial statements.
286

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy - 2.52%      
NRG Energy, Inc.      
7.25% due 02/01/2014 $ 550,000 $ 448,250
7.375% due 02/01/2016   5,848,000 4,751,500
7.375% due 01/15/2017   6,650,000 5,369,875
      10,569,625
 
Financial Services - 5.54%      
American General Finance Corp., MTN      
4.625% due 05/15/2009   900,000 748,920
CIT Group, Inc.      
5.65% due 02/13/2017   1,250,000 723,438
6.00% due 04/01/2036   3,175,000 1,673,409
El Paso Performance-Linked Trust      
7.75% due 07/15/2011 (h)   1,300,000 1,078,308
Ford Motor Credit Company      
8.00% due 12/15/2016   7,200,000 3,034,274
Ford Motor Credit Company LLC      
5.80% due 01/12/2009   3,350,000 2,985,292
7.00% due 10/01/2013   2,050,000 862,656
7.25% due 10/25/2011   90,000 39,808
7.375% due 10/28/2009   1,200,000 732,000
9.2025% due 04/15/2009 (b)   800,000 630,000
General Motors Acceptance Corp.      
5.85% due 01/14/2009   3,175,000 2,650,598
6.875% due 09/15/2011   2,000,000 768,516
GMAC LLC      
6.00% due 12/15/2011   3,365,000 1,198,714
Lehman Brothers Holdings, Inc.      
7.875% due 08/15/2010   3,425,000 342,500
NSG Holdings, Inc.      
7.75% due 12/15/2025 (h)   2,125,000 1,657,500
Nuveen Investments, Inc.      
10.50% due 11/15/2015 (h)   12,290,000 3,763,813
Pinnacle Foods Finance LLC/Pinnacle Foods      
Finance Corp      
10.625% due 04/01/2017 (a)   600,000 336,000
      23,225,746
 
Food & Beverages - 0.70%      
Del Monte Corp.      
8.625% due 12/15/2012   3,225,000 2,918,625
Funeral Services - 1.41%      
Service Corp. International      
6.75% due 04/01/2016   500,000 377,500
7.00% due 06/15/2017   2,300,000 1,656,000
7.50% due 04/01/2027   3,438,000 2,165,940
7.625% due 10/01/2018   1,300,000 936,000
7.875% due 02/01/2013   850,000 782,000
      5,917,440
 
Gas & Pipeline Utilities - 4.09%      
El Paso Corp.      
6.875% due 06/15/2014   500,000 370,653
7.00% due 06/15/2017   2,950,000 2,100,379
7.25% due 06/01/2018   2,500,000 1,737,500
7.75% due 01/15/2032   3,925,000 2,472,746
MarkWest Energy Partners LP / MarkWest Energy    
Finance Corp., Series B      
8.75% due 04/15/2018 (h)   1,630,000 1,026,900

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Gas & Pipeline Utilities (continued)      
MarkWest Energy Partners LP/MarkWest Energy    
Finance Corp., Series B      
8.50% due 07/15/2016 $ 1,310,000 $ 851,500
Sabine Pass LNG LP      
7.50% due 11/30/2016   10,920,000 7,534,800
7.50% due 11/30/2016 (h)   1,563,000 1,078,470
      17,172,948
 
Healthcare Products - 1.66%      
Biomet, Inc.      
11.625% due 10/15/2017   5,140,000 3,855,000
The Cooper Companies, Inc.      
7.125% due 02/15/2015   4,175,000 3,120,812
      6,975,812
 
Healthcare Services - 0.65%      
Centene Corp.      
7.25% due 04/01/2014   2,125,000 1,689,375
DaVita, Inc.      
6.625% due 03/15/2013   350,000 309,750
Healthsouth Corp.      
10.75% due 06/15/2016   800,000 708,000
      2,707,125
 
Hotels & Restaurants - 0.57%      
O'Charleys, Inc.      
9.00% due 11/01/2013   6,025,000 2,410,000
Household Appliances - 0.67%      
ALH Finance LLC      
8.50% due 01/15/2013   3,650,000 2,810,500
Industrial Machinery - 1.01%      
Altra Industrial Motion, Inc.      
9.00% due 12/01/2011   1,325,000 1,192,500
Baldor Electric Company      
8.625% due 02/15/2017   2,400,000 1,764,000
H&E Equipment Services, Inc.      
8.375% due 07/15/2016   2,425,000 1,261,000
      4,217,500
 
Insurance - 0.81%      
HUB International Holdings, Inc.      
10.25% due 06/15/2015 (h)   3,000,000 1,650,000
USI Holdings Corp.      
9.75% due 05/15/2015 (h)   4,400,000 1,765,500
      3,415,500
 
Leisure Time - 4.00%      
AMC Entertainment, Inc., Series B      
8.625% due 08/15/2012   4,507,000 3,785,880
Chukchansi Economic Development Authority    
6.095% due 11/15/2012 (b)(h)   450,000 207,000
8.00% due 11/15/2013 (h)   2,192,000 1,008,320
Cinemark, Inc.      
zero coupon, step up to 9.75% on      
03/15/2009 due 03/15/2014   1,950,000 1,594,125
MGM Mirage, Inc.      
6.00% due 10/01/2009   4,575,000 3,705,750
8.50% due 09/15/2010   1,250,000 709,375
MTR Gaming Group, Inc., Series B      
9.00% due 06/01/2012   500,000 250,000

The accompanying notes are an integral part of the financial statements.
287

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Leisure Time (continued)      
Penn National Gaming, Inc.      
6.875% due 12/01/2011 $ 2,000,000 $ 1,800,000
River Rock Entertainment Authority      
9.75% due 11/01/2011   2,810,000 2,304,200
San Pasqual Casino Development Group      
8.00% due 09/15/2013 (h)   1,915,000 1,417,100
      16,781,750
 
Machinery-General Indust - 0.17%      
Rexnord Holdings, Inc.      
1.00% due 02/21/2013   1,461,029 730,514
Medical-Hospitals - 5.10%      
Community Health Systems, Inc.      
8.875% due 07/15/2015   6,485,000 5,252,850
HCA, Inc.      
7.875% due 02/01/2011   885,000 761,100
9.125% due 11/15/2014   600,000 487,500
9.25% due 11/15/2016   6,050,000 4,915,625
9.625% due 11/15/2016   1,475,000 1,062,000
Multiplan, Inc.      
10.375% due 04/15/2016 (h)   2,700,000 2,241,000
Sun Healthcare Group, Inc.      
9.125% due 04/15/2015   1,875,000 1,556,250
Tenet Healthcare Corp.      
6.375% due 12/01/2011   3,700,000 2,812,000
6.875% due 11/15/2031   657,000 302,220
United Surgical Partners International, Inc.      
8.875% due 05/01/2017   3,050,000 1,997,750
      21,388,295
 
Mining - 1.31%      
Freeport-McMoRan Copper & Gold, Inc.      
8.25% due 04/01/2015   1,450,000 1,051,250
8.375% due 04/01/2017   6,425,000 4,433,250
      5,484,500
 
Oil & Gas Drilling - 0.00%      
National Oilwell Varco, Inc., Series B      
6.125% due 08/15/2015   23,000 17,771
Paper - 0.42%      
AbitibiBowater, Inc.      
9.375% due 12/15/2021   675,000 148,500
Abitibi-Consolidated Company of Canada      
6.00% due 06/20/2013   23,000 3,335
Bowater Canada Finance Corp.      
7.95% due 11/15/2011   23,000 5,060
Georgia-Pacific Corp.      
7.125% due 01/15/2017 (h)   705,000 518,175
Neenah Paper, Inc.      
7.375% due 11/15/2014   800,000 444,000
P. H. Glatfelter Company      
7.125% due 05/01/2016   725,000 630,750
      1,749,820
 
Petroleum Services - 1.10%      
Key Energy Services, Inc.      
8.375% due 12/01/2014   3,250,000 2,266,875

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Petroleum Services (continued)      
Swift Energy Company      
7.125% due 06/01/2017 $ 3,750,000  $ 2,362,500
      4,629,375
 
Pharmaceuticals - 0.40%      
Omnicare, Inc.      
6.875% due 12/15/2015   2,095,000 1,696,950
Publishing - 0.59%      
Nielsen Finance LLC      
1 due 08/01/2016 (b)   5,475,000 2,025,750
10.00% due 08/01/2014   650,000 468,000
      2,493,750
 
Real Estate - 1.47%      
Host Hotels & Resorts LP      
6.875% due 11/01/2014   250,000 172,500
Host Marriott LP      
7.125% due 11/01/2013   350,000 254,625
Host Marriott LP, Series M      
7.00% due 08/15/2012   3,775,000 2,831,250
Host Marriott LP, Series Q      
6.75% due 06/01/2016   4,350,000 2,892,750
      6,151,125
 
Retail - 0.15%      
Suburban Propane Partners LP      
6.875% due 12/15/2013   850,000 650,250
Sanitary Services - 0.89%      
Allied Waste North America, Inc.      
6.50% due 11/15/2010   800,000 756,000
6.875% due 06/01/2017   1,500,000 1,305,000
Allied Waste North America, Inc., Series B      
5.75% due 02/15/2011   300,000 277,500
7.125% due 05/15/2016   1,600,000 1,408,000
      3,746,500
 
Semiconductors - 0.11%      
NXP BV/NXP Funding LLC      
7.5025% due 10/15/2013 (b)   1,865,000 461,588
Software - 0.39%      
Open Solutions, Inc.      
9.75% due 02/01/2015 (h)   5,320,000 1,622,600
Telecommunications Equipment &      
Services - 2.05%      
American Tower Corp.      
7.00% due 10/15/2017 (h)   3,960,000 3,405,600
Citizens Communications Company      
7.05% due 10/01/2046   1,100,000 451,000
Intelsat Corp.      
9.25% due 08/15/2014 (h)   600,000 517,500
9.25% due 06/15/2016 (h)   1,600,000 1,336,000
Time Warner Telecom Holdings, Inc.      
9.25% due 02/15/2014   3,025,000 2,389,750
United States West Communications, Inc.      
6.875% due 09/15/2033   850,000 507,875
      8,607,725

The accompanying notes are an integral part of the financial statements.
288

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telephone - 5.01%      
Alltel Corp.      
7.875% due 07/01/2032 $ 2,600,000 $ 2,223,000
Qwest Capital Funding, Inc.      
7.00% due 08/03/2009   1,400,000 1,344,000
Qwest Communications International, Inc., Series B    
7.50% due 02/15/2014   3,450,000 2,242,500
Qwest Corp.      
6.0687% due 06/15/2013 (b)   1,250,000 875,000
6.50% due 06/01/2017   1,250,000 875,000
7.50% due 06/15/2023   1,000,000 640,000
7.50% due 10/01/2014   500,000 385,000
7.625% due 06/15/2015   300,000 226,500
8.875% due 03/15/2012   2,300,000 1,897,500
Sprint Capital Corp.      
8.75% due 03/15/2032   17,450,000 9,074,000
Valor Telecommunications Enterprise LLC      
7.75% due 02/15/2015   1,450,000 1,232,500
      21,015,000
 
Tires & Rubber - 0.57%      
American Tire Distributors Holdings, Inc.      
9.0413% due 04/01/2012 (b)   450,000 342,000
10.75% due 04/01/2013   1,475,000 1,121,000
Goodyear Tire & Rubber Company      
7.857% due 08/15/2011   1,275,000 930,750
      2,393,750
 
Tobacco - 0.67%      
Reynolds American, Inc.      
6.50% due 07/15/2010   250,000 243,457
7.625% due 06/01/2016   3,260,000 2,576,567
      2,820,024
 
Transportation - 1.44%      
Gulfmark Offshore, Inc.      
7.75% due 07/15/2014   3,225,000 2,338,125
Overseas Shipholding Group, Inc.      
7.50% due 02/15/2024   3,745,000 2,462,338
Trailer Bridge, Inc.      
9.25% due 11/15/2011   1,750,000 1,225,000
          6,025,463
 
TOTAL CORPORATE BONDS (Cost $464,061,147)       $ 331,064,452
 
ASSET BACKED SECURITIES - 0.23%      
DB Master Finance LLC, Series 2006-1, Class-M1    
8.285% due 06/20/2031 (h)   1,250,000    962,275
TOTAL ASSET BACKED SECURITIES       
(Cost $1,249,976)       $ 962,275
 
TERM LOANS - 20.28%      
Advertising - 0.09%      
Getty Images, Inc.      
7.25% due 07/02/2015 (b)   450,000 384,188
Agriculture - 0.05%      
Bolthouse, Term Loan B      
zero coupon due 06/30/2012 (b)(k)   249,359 193,253

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Apparel & Textiles - 0.09%      
Iconix Brand Group, Inc.      
6.02% due 11/07/2013 (b) $ 500,000 $ 365,000
Auto Parts - 0.65%      
Federal Mogul Corp., Tranche B      
zero coupon due 12/27/2014 (b)(k)   2,370,023 1,177,112
Federal Mogul Corp., Tranche C      
zero coupon due 12/27/2015 (b)(k)   1,764,940 876,588
Pep Boys - Manny, Moe & Jack      
4.81% due 01/31/2013 (b)   238,678 140,820
Tire Rack Holdings, Inc.      
5.466% due 06/24/2012 (b)   737,133 515,993
      2,710,513
 
Automobiles - 0.67%      
Ford Motor Company, Tranche B      
4.43% due 11/29/2013 (b)   3,805,510 1,391,728
General Motors Corp., Tranche B      
5.795% due 11/17/2013 (b)   3,828,000 1,425,930
      2,817,658
 
Broadcasting - 0.11%      
Citadel Broadcasting Corp.      
5.021% due 06/12/2014 (b)   1,250,000 450,000
Business Services - 0.82%      
Coinmach Laundry Corp.      
zero coupon due 12/19/2012 (b)(k)   994,987 721,366
Education Management Corp., Tranche C      
5.5625% due 05/29/2011 (b)   697,411 459,855
Reynolds & Reynolds Company, Inc.      
zero coupon due 10/24/2012 (b)(k)   356,976 212,400
Reynolds & Reynolds Company, Inc., Tranche 2    
zero coupon due 10/01/2013 (b)(k)   1,125,000 562,500
Reynolds & Reynolds Company, Inc., Tranche 3    
zero coupon due 04/01/2014 (b)(k)   625,000 281,250
SunGard Data Systems, Inc., Tranche B1      
4.003% due 01/31/2013 (b)   1,698,540 1,183,935
      3,421,306
 
Cable & Television - 1.20%      
Charter Communications Operating LLC, Tranche 3    
zero coupon due 03/01/2014 (b)(k)   750,000 450,000
Charter Communications Operating LLC, Tranche    
B1      
5.06% due 03/06/2014 (b)   744,375 500,282
CSC Holdings, Inc.      
4.569% due 03/23/2013 (b)   4,078,941 3,376,457
Gray TV      
4.779% due 12/31/2014 (b)   1,106,488 475,790
Local TV Finance LLC      
3.965% due 05/07/2013 (b)   497,481 243,766
      5,046,295
 
Cellular Communications - 0.27%      
Crown Castle International Corp.      
5.376% due 03/05/2014 (b)   1,604,953 1,153,159
Chemicals - 0.81%      
Celanese Holdings LLC, Letter of Credit      
4.35% due 04/02/2014 (b)   1,072,058 846,926

The accompanying notes are an integral part of the financial statements.
289

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Chemicals (continued)      
Celanese Holdings LLC, Tranche B      
5.552% due 04/02/2014 (b) $ 166,667 $ 126,190
Huntsman International LLC      
3.186% due 04/19/2014 (b)   3,689,300 2,420,181
      3,393,297
 
Commercial Services - 0.16%      
Safety-Kleen, Corp., Letter of Credit      
zero coupon due 07/27/2013 (b)(k)   152,542 136,525
Safety-Kleen, Corp., Tranche B      
zero coupon due 07/27/2013 (b)(k)   573,051 527,207
      663,732
 
Computer Services - 0.35%      
Affiliated Computer Services, Inc.      
3.436% due 03/29/2013 (b)   337,622 277,836
3.7446% due 03/29/2013 (b)   1,455,244 1,196,418
      1,474,254
 
Containers & Glass - 0.09%      
Owens-Illinois, Inc.      
2.909% due 06/14/2013 (b)   489,770 389,367
Crude Petroleum & Natural Gas - 0.26%      
Coffeyville Resources, Inc., Letter of Credit      
6.6325% due 12/28/2010 (b)   566,514 415,443
Coffeyville Resources, Inc., Tranche D      
6.632% due 12/28/2013 (b)   938,893 688,521
      1,103,964
 
Electrical Utilities - 1.74%      
Calpine Corp., Tranche B      
6.645% due 03/29/2009 (b)   6,564,251 4,546,656
NSG Holdings      
4.32% due 06/15/2014 (b)   176,027 130,260
NSG Holdings, Letter of Credit      
4.32% due 06/15/2014 (b)   24,169 17,885
Texas Competitive Electric Holdings Company LLC    
5.283% due 10/10/2014 (b)   3,882,673 2,617,570
      7,312,371
 
Energy - 1.33%      
Covanta Energy Corp., Letter of Credit      
5.552% due 02/02/2014 (b)   595,484 480,357
Covanta Energy Corp., Tranche B      
4.412% due 02/02/2014 (b)   1,191,432 961,089
Longview Power LLC, Letter of Credit      
6.062% due 02/28/2013 (b)   166,667 109,444
Longview Power LLC, Tranche B      
5.125% due 02/28/2014 (b)   500,000 328,334
Longview Power LLC, Tranche Delayed Draw    
5.75% due 02/28/2014 (b)   583,333 383,056
NRG Energy, Inc.      
7.50% due 02/01/2013 (b)   1,491,229 1,236,229
NRG Energy, Inc., Tranche L      
5.262% due 02/01/2013 (b)   732,624 607,346
Tenaska Power, 1st Lien Term Loan      
zero coupon due 12/15/2013 (b)(k)   1,371,262 1,150,718
Tenaska Power, Term Loan      
zero coupon due 12/15/2011 (b)(k)   90,298 75,775

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Energy (continued)      
Tenaska Power, Term Loan (continued)      
zero coupon due 12/15/2013 (b)(k) $ 288,051 $ 241,723
      5,574,071
 
Financial Services - 1.61%      
BNY ConvergEx Group, Tranche 1      
6.77% due 08/17/2013 (b)   1,250,000 837,500
Emdeon Business Services LLC, Tranche 1B      
5.762% due 11/16/2013 (b)   471,382 337,038
Emdeon Business Services LLC, Tranche 2      
5.762% due 05/16/2014 (b)   1,000,000 600,000
Linsco/Private Ledger Corp., Tranche B      
7.6288% due 06/27/2013 (b)   2,357,159 1,791,441
Shea Capital LLC      
4.724% due 10/27/2011   524,835 262,418
TD Ameritrade Holding Corp.      
3.27% due 12/31/2012 (b)   1,000,000 826,250
TPF Generation Holdings LLC, Tranche 2      
8.012% due 12/15/2014 (b)   800,000 488,000
VNU, Inc., Tranche B      
zero coupon due 08/09/2013 (b)(k)   1,898,286 1,258,810
Wimar Landco LLC, Tranche B      
5.25% due 09/03/2008 (b)   750,000 375,000
      6,776,457
 
Food & Beverages - 0.84%      
Dean Foods Company, Tranche B      
5.240% due 03/01/2014 (b)   1,477,500 1,179,889
Dole Foods Company, Tranche B      
3.671% due 04/12/2013 (b)   628,170 441,513
Dole Foods Company, Tranche C      
5.174% due 04/12/2013 (b)   2,340,378 1,644,951
Dole Foods, Letter of Credit      
6.819% due 04/12/2013 (b)   354,415 249,103
      3,515,456
 
Gas & Pipeline Utilities - 0.63%      
Dynegy Holdings, Inc.      
2.94% due 04/02/2013 (b)   1,287,868 948,730
Dynegy Holdings, Inc., Tranche B      
2.94% due 03/31/2013 (b)   461,942 340,297
Energy Transfer Equity      
4.137% due 11/01/2012 (b)   1,250,000 1,016,250
Targa Resources, Letter of Credit      
5.762% due 10/05/2011 (b)   90,193 64,578
Targa Resources, Tranche B      
5.97% due 10/05/2012 (b)   359,575 257,456
      2,627,311
 
Healthcare Services - 0.48%      
Carestream Health, Inc., Tranche B      
7.32% due 04/30/2013 (b)   691,271 446,561
Carestream Health, Inc., Tranche B2      
7.975% due 10/30/2013 (b)   500,000 166,250
Healthsouth Corp., Tranche B      
4.27% due 03/10/2013 (b)   848,394 660,333
Rural/Metro Operating Company, LLC      
zero coupon due 03/04/2011 (k)   178,336 142,669
zero coupon due 03/04/2011 (k)   113,039 90,431

The accompanying notes are an integral part of the financial statements.
290

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Healthcare Services (continued)      
Sun Healthcare Group, Inc.      
4.823% due 04/12/2014 (b) $ 547,426 $ 388,673
Sun Healthcare Group, Inc., Letter of Credit      
5.762% due 04/12/2014 (b)   124,251 88,218
Sun Healthcare Group, Inc., Tranche Delayed Draw    
5.014% due 04/12/2014 (b)   75,218 53,405
      2,036,540
 
Hotels & Restaurants - 0.06%      
Sagittarius Restaurants LLC      
9.50% due 03/29/2013 (b)   683,191 232,285
Insurance - 0.35%      
AmWINS Group, Inc.      
zero coupon due 06/07/2014 (b)(k)   750,000 375,000
4.358% due 06/07/2013 (b)   1,148,324 688,994
Kepler Holdings, Ltd.      
zero coupon due 06/30/2009 (b)(k)   500,000 420,000
      1,483,994
 
Internet Service Provider - 0.44%      
Web Services      
zero coupon due 08/04/2014 (k)   2,050,000 1,845,000
Leisure Time - 2.11%      
BLB Wembley Holdings, Inc.      
zero coupon due 06/30/2011 (b)(k)   682,990 358,570
Bombardier Recreational Products, Inc., Tranche B    
6.079% due 06/26/2013 (b)   594,937 380,759
CCM Merger, Inc.      
5.152% due 07/21/2012 (b)   715,017 321,758
Golden Nugget, Inc.      
4.69% due 12/14/2014 (b)   750,000 112,500
Greek Town Holdings      
5.75% due 03/23/2014 (b)   758,453 396,923
Greektown Casino LLC, Tranche B      
5.75% due 12/03/2012 (b)   1,600,000 837,333
Greenwood Racing      
5.43% due 11/14/2011 (b)   977,369 586,421
HMSC      
5.975% due 04/03/2014 (b)   550,000 55,000
HMSC, Tranche 1 Lien      
7.267% due 04/03/2014 (b)   397,980 171,131
Live Nation Worldwide      
zero coupon due 12/21/2013 (b)(k)   465,072 369,732
National Cinemedia LLC      
4.57% due 02/13/2015 (b)   312,000 197,006
Penn National Gaming, Inc.      
4.039% due 05/26/2012 (b)   4,030,498 3,281,079
Regal Cinemas Corp.      
5.512% due 11/10/2010 (b)   248,731 185,235
Riviera Holding Corp.      
3.44% due 06/08/2014 (b)   1,250,000 612,500
Seminole Tribe of Florida, Term Loan B-1      
3.813% due 03/05/2014   63,196 49,609
Seminole Tribe of Florida, Term Loan B-2      
3.813% due 03/05/2014   227,540 178,619
Seminole Tribe of Florida, Term Loan B-3      
3.813% due 03/05/2014   209,265 164,273

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Leisure Time (continued)      
Yonkers Racing Corp.      
zero coupon due 08/12/2011 (k) $ 750,000 $ 615,000
      8,873,448
 
Machinery-Electrical - 0.09%      
Alliance Laundry Systems      
zero coupon due 01/27/2012 (k)   450,000 362,250
Medical-Hospitals - 1.07%      
Community Health Systems, Inc., Tranche B      
4.394% due 06/30/2014 (b)   2,765,998 2,030,848
Community Health Systems, Inc., Tranche Delayed    
Draw      
zero coupon due 06/30/2014 (b)(k)   141,462 103,864
HCA, Inc., Tranche B      
6.0119% due 11/16/2013 (b)   2,126,074 1,587,691
Health Management Associate, Inc.      
5.512% due 02/28/2014 (b)   1,141,978 761,795
      4,484,198
 
Paper - 0.93%      
Georgia-Pacific Corp., Tranche B      
5.00% due 12/23/2012 (b)   2,794,340 2,139,998
Georgia-Pacific Corp., Tranche B2      
3.404% due 12/22/2012 (b)   2,317,033 1,774,460
      3,914,458
 
Real Estate - 0.12%      
Capital Automotive LP      
6.12% due 12/16/2010 (b)   1,169,789 490,142
Retail - 0.46%      
Toys R Us, Inc., Tranche B      
7.2438% due 12/01/2008 (b)   3,250,000 1,912,082
Sanitary Services - 0.33%      
Allied Waste North America, Inc.      
2.609% due 03/28/2014 (b)   845,006 811,508
5.326% due 03/28/2014 (b)   603,866 579,927
      1,391,435
 
Telecommunications Equipment &      
Services - 0.90%      
Alltel Communications, Inc., Tranche B      
2.82% due 05/15/2015   2,400,000 2,272,666
Intelsat, Ltd., Tranche B      
4.15% due 07/28/2011   769,042 638,305
Level 3 Communications, Inc.      
7.00% due 03/01/2014 (b)   1,250,000 850,000
      3,760,971
 
Tires & Rubber - 0.58%      
Goodyear Tire & Rubber Company, Tranche 2    
3.15% due 04/30/2014 (b)   3,950,000 2,449,000
Transportation - 0.59%      
Oshkosh Truck Corp., Tranche B      
4.197% due 12/06/2013 (b)   667,500 419,095
Rail America CND, Term Loan B      
7.8825% due 08/14/2009 (b)   152,000 124,640

The accompanying notes are an integral part of the financial statements.
291

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Transportation (continued)      
Rail America US, Term Loan B      
7.8825% due 08/14/2009 (b) $ 2,348,000 $ 1,925,360
        2,469,095
TOTAL TERM LOANS (Cost $119,898,197)        $ 85,076,550
 
REPURCHASE AGREEMENTS - 2.39%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$10,043,042 on 12/01/2008,      
collateralized by $10,245,000      
Federal Home Loan Bank, zero      
coupon due 12/17/2008 (valued at      
$10,245,000, including interest) $ 10,043,000  $ 10,043,000
TOTAL REPURCHASE AGREEMENTS      
(Cost $10,043,000)       $ 10,043,000
 
SHORT TERM INVESTMENTS - 0.82%      
John Hancock Cash        
Investment Trust, 1.6231% (c)(i) $  3,444,000   $ 3,444,000
TOTAL SHORT TERM INVESTMENTS           
(Cost $3,444,000)          $ 3,444,000
Total Investments (U.S. High Yield Bond Fund)         
(Cost $598,696,320) - 102.62%   $ 430,590,277
Liabilities in Excess of Other Assets - (2.62)%     (10,975,149)
TOTAL NET ASSETS - 100.00%   $ 419,615,128

U.S. Multi Sector Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 89.34%    
Aerospace - 1.25%    
General Dynamics Corp. 91,000 $ 4,701,970
Lockheed Martin Corp. 1,140 87,905
Northrop Grumman Corp. 300 12,285
Raytheon Company 5,000 244,000
Rockwell Collins, Inc. 1,700 57,936
United Technologies Corp. 31,400 1,523,842
    6,627,938
Agriculture - 0.55%    
Archer-Daniels-Midland Company 44,200 1,210,196
Monsanto Company 21,250 1,683,000
    2,893,196
Air Travel - 0.00%    
Southwest Airlines Company 1,900 16,435
Apparel & Textiles - 0.20%    
Coach, Inc. * 46,800 837,720
Liz Claiborne, Inc. 10,000 28,500
NIKE, Inc., Class B 4,000 213,000
    1,079,220

U.S. Multi Sector Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Auto Parts - 0.10%    
AutoZone, Inc. * 3,450 $ 376,809
Johnson Controls, Inc. 9,800 173,068
    549,877
Auto Services - 0.03%    
AutoNation, Inc. * (a) 10,500 89,670
Copart, Inc. * 1,900 50,673
    140,343
Automobiles - 0.06%    
General Motors Corp. (a) 13,100 68,644
PACCAR, Inc. 9,000 250,830
    319,474
Banking - 0.76%    
Bank of America Corp. 127,700 2,075,125
BB&T Corp. 16,800 503,496
Comerica, Inc. 5,800 130,790
Fifth Third Bancorp 5,000 47,800
Hudson City Bancorp, Inc. 25,400 424,434
KeyCorp 4,400 41,272
Northern Trust Corp. 300 13,767
PNC Financial Services Group, Inc. 800 42,216
U.S. Bancorp 28,000 755,440
    4,034,340
Biotechnology - 1.70%    
Amgen, Inc. * 140,500 7,803,370
Biogen Idec, Inc. * 12,000 507,720
Genentech, Inc. * 4,900 375,340
Genzyme Corp. * 3,500 224,070
Illumina, Inc. * (a) 4,200 92,442
    9,002,942
Business Services - 0.25%    
Affiliated Computer Services, Inc., Class A * 3,000 121,350
Fiserv, Inc. * 15,500 529,170
Fluor Corp. 4,300 195,822
Global Payments, Inc. 900 32,553
H & R Block, Inc. 4,300 82,259
Jacobs Engineering Group, Inc. * 5,700 255,189
Total Systems Services, Inc. 7,200 102,744
    1,319,087
Cable & Television - 0.09%    
Comcast Corp., Class A 15,000 260,100
DIRECTV Group, Inc. * 9,500 209,095
    469,195
Chemicals - 0.13%    
Air Products & Chemicals, Inc. 2,700 128,952
Dow Chemical Company 5,700 105,735
FMC Corp. 1,200 52,440
Praxair, Inc. 3,400 200,770
Sigma-Aldrich Corp. 4,200 181,062
    668,959
Coal - 0.01%    
Foundation Coal Holdings, Inc. 1,600 22,832

The accompanying notes are an integral part of the financial statements.
292

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Coal (continued)    
Peabody Energy Corp. 1,900 $ 44,517
    67,349
Computer Services - 0.00%    
NetApp, Inc. * 1,500 20,250
Computers & Business Equipment - 2.77%    
Apple, Inc. * 7,350 681,125
Cisco Systems, Inc. * 490,600 8,114,524
Cognizant Technology Solutions Corp.,    
Class A * 5,000 96,000
Dell, Inc. * 64,100 715,997
Hewlett-Packard Company 14,200 500,976
International Business Machines Corp. 52,700 4,300,320
Juniper Networks, Inc. * 3,100 53,878
Lexmark International, Inc. * 5,400 141,372
Western Digital Corp. * 7,100 86,620
    14,690,812
Construction Materials - 0.02%    
The Sherwin-Williams Company 2,000 117,860
Containers & Glass - 0.02%    
Owens-Illinois, Inc. * 6,000 121,320
Cosmetics & Toiletries - 5.17%    
Avon Products, Inc. 43,900 926,290
Colgate-Palmolive Company 75,000 4,880,250
Estee Lauder Companies, Inc., Class A 31,400 876,060
Kimberly-Clark Corp. 59,600 3,444,284
Procter & Gamble Company 268,100 17,252,235
    27,379,119
Crude Petroleum & Natural Gas - 1.72%    
Apache Corp. 19,620 1,516,626
Cabot Oil & Gas Corp. 2,900 86,913
Chesapeake Energy Corp. 24,400 419,192
Cimarex Energy Company 2,300 65,251
Devon Energy Corp. 18,200 1,316,588
EOG Resources, Inc. 11,520 979,430
EXCO Resources, Inc. * 9,100 69,797
Hess Corp. 13,240 715,490
Noble Energy, Inc. 3,600 188,208
Occidental Petroleum Corp. 46,500 2,517,510
Patterson-UTI Energy, Inc. 7,000 87,430
Pioneer Natural Resources Company 3,400 68,272
Southwestern Energy Company * 14,800 508,676
Sunoco, Inc. 3,100 123,194
XTO Energy, Inc. 11,200 428,288
    9,090,865
Domestic Oil - 0.04%    
Denbury Resources, Inc. * 4,600 43,838
Range Resources Corp. 3,900 161,733
    205,571
Drugs & Health Care - 1.50%    
Perrigo Company 2,100 72,261
Wyeth 218,700 7,875,387
    7,947,648

U.S. Multi Sector Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Educational Services - 0.09%    
Apollo Group, Inc., Class A * 3,000 $ 230,520
ITT Educational Services, Inc. * 2,500 225,200
    455,720
Electrical Equipment - 0.09%    
Emerson Electric Company 10,100 362,489
FLIR Systems, Inc. * 3,300 102,366
    464,855
Electrical Utilities - 0.13%    
Dominion Resources, Inc. 2,000 73,640
Exelon Corp. 2,700 151,767
FirstEnergy Corp. 5,700 333,906
The Southern Company 2,900 105,328
    664,641
Electronics - 0.19%    
Amphenol Corp., Class A 3,300 76,626
Arrow Electronics, Inc. * 5,600 77,280
Avnet, Inc. * 7,100 101,104
L-3 Communications Holdings, Inc. 11,200 752,304
    1,007,314
Financial Services - 0.84%    
BlackRock, Inc. 3,340 419,871
Capital One Financial Corp. 2,300 79,143
Charles Schwab Corp. 7,300 133,809
Citigroup, Inc. 171,000 1,417,590
CME Group, Inc. 350 74,183
Goldman Sachs Group, Inc. 1,300 102,687
JPMorgan Chase & Company 4,100 129,806
Leucadia National Corp. 5,700 111,435
MasterCard, Inc., Class A (a) 4,010 582,653
Merrill Lynch & Company, Inc. 3,300 43,626
Morgan Stanley 4,500 66,375
Nasdaq Stock Market, Inc. * 2,200 47,300
SEI Investments Company 9,600 148,416
State Street Corp. 4,000 168,440
T. Rowe Price Group, Inc. 3,100 106,051
Wells Fargo & Company 17,400 502,686
Western Union Company 24,000 318,480
    4,452,551
Food & Beverages - 7.91%    
Campbell Soup Company 19,600 628,180
General Mills, Inc. 29,000 1,831,930
H.J. Heinz Company 21,900 850,596
Hansen Natural Corp. * 20,800 618,800
Kellogg Company 24,000 1,042,320
Kraft Foods, Inc., Class A 48,776 1,327,195
PepsiCo, Inc. 279,600 15,853,320
The Coca-Cola Company 410,800 19,254,196
Tyson Foods, Inc., Class A 68,100 456,951
    41,863,488
Furniture & Fixtures - 0.01%    
Leggett & Platt, Inc. 5,000 73,000
Gas & Pipeline Utilities - 0.09%    
Spectra Energy Corp. 8,300 134,958

The accompanying notes are an integral part of the financial statements.
293

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Gas & Pipeline Utilities (continued)    
Transocean, Inc. * 4,790 $ 320,355
    455,313
Healthcare Products - 6.98%    
Baxter International, Inc. 2,600 137,540
Becton, Dickinson & Company 2,600 165,178
Boston Scientific Corp. * 7,000 43,190
C.R. Bard, Inc. 1,800 147,654
Covidien, Ltd. 3,700 136,345
Intuitive Surgical, Inc. * 1,010 133,855
Johnson & Johnson 491,400 28,786,212
Medtronic, Inc. 86,800 2,649,136
Stryker Corp. 16,000 622,720
Varian Medical Systems, Inc. * 4,000 161,440
Zimmer Holdings, Inc. * 106,700 3,982,044
    36,965,314
Healthcare Services - 3.91%    
Cardinal Health, Inc. 17,100 556,092
Covance, Inc. * 1,200 46,896
Coventry Health Care, Inc. * 40,400 503,788
Express Scripts, Inc. * 17,700 1,017,927
McKesson Corp. 48,600 1,698,084
Medco Health Solutions, Inc. * 4,900 205,800
Quest Diagnostics, Inc. 3,100 144,367
UnitedHealth Group, Inc. 635,500 13,351,855
WellPoint, Inc. * 89,700 3,193,320
    20,718,129
Holdings Companies/Conglomerates - 0.01%    
Textron, Inc. 5,000 76,150
Homebuilders - 0.02%    
D.R. Horton, Inc. 9,000 61,830
Lennar Corp., Class A 7,000 49,770
    111,600
Hotels & Restaurants - 0.33%    
McDonald's Corp. 27,400 1,609,750
Yum! Brands, Inc. 6,000 161,640
    1,771,390
Household Products - 0.26%    
Clorox Company 13,900 822,324
Energizer Holdings, Inc. * 12,400 538,408
    1,360,732
Industrial Machinery - 0.18%    
Cameron International Corp. * 6,900 145,590
Deere & Company 12,700 442,087
Flowserve Corp. 1,700 85,561
FMC Technologies, Inc. * 1,800 49,446
Parker-Hannifin Corp. 5,900 242,372
    965,056
Industrials - 0.09%    
Fastenal Company (a) 11,700 450,567
Insurance - 1.60%    
AFLAC, Inc. 15,000 694,500
Allstate Corp. 41,700 1,060,848

U.S. Multi Sector Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance (continued)    
Assurant, Inc. 4,300 $ 93,611
Brown & Brown, Inc. 6,200 123,380
Chubb Corp. 57,300 2,942,928
CNA Financial Corp. 4,000 55,040
First American Corp. 5,200 124,904
Hartford Financial Services Group, Inc. 6,300 53,235
Markel Corp. * 460 141,680
Marsh & McLennan Companies, Inc. 7,800 198,900
MetLife, Inc. 4,200 120,792
Old Republic International Corp. 8,775 90,031
Progressive Corp. 23,600 354,472
The Travelers Companies, Inc. 40,200 1,754,730
Torchmark Corp. 5,800 209,670
Transatlantic Holdings, Inc. 5,200 206,128
Unum Group 8,500 126,650
W.R. Berkley Corp. 4,300 122,249
    8,473,748
International Oil - 12.64%    
Anadarko Petroleum Corp. 18,100 743,005
Chevron Corp. 322,900 25,512,329
ConocoPhillips 119,500 6,276,140
Exxon Mobil Corp. 419,400 33,614,910
Murphy Oil Corp. 6,600 290,730
Nabors Industries, Ltd. * 11,200 162,400
Noble Corp. 4,400 117,876
Weatherford International, Ltd. * 14,300 182,611
    66,900,001
Internet Content - 0.85%    
Google, Inc., Class A * 15,430 4,520,373
Internet Retail - 0.42%    
eBay, Inc. * 171,000 2,245,230
Internet Software - 0.03%    
Salesforce.com, Inc. * 2,100 60,102
Symantec Corp. * 7,800 93,834
    153,936
Leisure Time - 0.01%    
Electronic Arts, Inc. * 2,300 43,838
Manufacturing - 1.01%    
3M Company 49,000 3,279,570
Danaher Corp. 26,800 1,491,152
Harley-Davidson, Inc. 9,500 161,595
Tyco International, Ltd. 18,550 387,695
    5,320,012
Metal & Metal Products - 0.02%    
Precision Castparts Corp. 2,000 125,400
Petroleum Services - 0.29%    
Baker Hughes, Inc. 3,900 135,837
BJ Services Company 9,500 113,905
Diamond Offshore Drilling, Inc. 1,870 138,006
ENSCO International, Inc. 2,100 68,061
Halliburton Company 16,700 293,920
Helmerich & Payne, Inc. 4,200 106,512
Schlumberger, Ltd. 1,210 61,395

The accompanying notes are an integral part of the financial statements.
294

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Petroleum Services (continued)    
Smith International, Inc. 5,100 $ 149,124
Valero Energy Corp. 25,300 464,255
    1,531,015
Pharmaceuticals - 9.36%    
Abbott Laboratories 103,600 5,427,604
AmerisourceBergen Corp. 15,800 495,330
BioMarin Pharmaceutical, Inc. * 2,900 49,387
Bristol-Myers Squibb Company 12,000 248,400
Celgene Corp. * 1,300 67,730
Eli Lilly & Company 201,500 6,881,225
Forest Laboratories, Inc. * 85,300 2,062,554
Gilead Sciences, Inc. * 114,300 5,119,497
Merck & Company, Inc. 118,800 3,174,336
Pfizer, Inc. 1,583,600 26,018,548
    49,544,611
Publishing - 0.02%    
Gannett Company, Inc. (a) 13,900 121,069
Railroads & Equipment - 0.58%    
Burlington Northern Santa Fe Corp. 13,080 1,002,059
CSX Corp. 19,300 718,732
Norfolk Southern Corp. 12,700 628,269
Union Pacific Corp. 14,800 740,592
    3,089,652
Retail Grocery - 0.23%    
SUPERVALU, Inc. 36,390 433,405
The Kroger Company 29,200 807,672
    1,241,077
Retail Trade - 10.44%    
Abercrombie & Fitch Company, Class A 6,100 117,913
Advance Auto Parts, Inc. 2,000 60,720
American Eagle Outfitters, Inc. 5,400 51,840
Bed Bath & Beyond, Inc. * 23,700 480,873
Best Buy Company, Inc. 6,100 126,331
Costco Wholesale Corp. 19,900 1,024,253
Dollar Tree, Inc. * 4,000 169,440
Family Dollar Stores, Inc. 2,100 58,338
GameStop Corp., Class A * 3,100 67,735
Home Depot, Inc. 392,400 9,068,364
J.C. Penney Company, Inc. 2,600 49,374
Kohl's Corp. * 12,500 408,250
Lowe's Companies, Inc. 146,500 3,026,690
Ross Stores, Inc. 3,300 87,450
Staples, Inc. 64,400 1,117,984
Target Corp. 31,500 1,063,440
The Gap, Inc. 15,900 207,018
The TJX Companies, Inc. 14,800 337,736
Urban Outfitters, Inc. * 5,400 98,118
Walgreen Company 242,800 6,006,872
Wal-Mart Stores, Inc. 566,000 31,628,080
    55,256,819
Sanitary Services - 0.01%    
Ecolab, Inc. 800 30,712

U.S. Multi Sector Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Semiconductors - 0.05%      
Altera Corp.   5,300 $ 77,963
Intel Corp.   3,600 49,680
LSI Logic Corp. *   19,900 53,332
Xilinx, Inc.   4,600 75,256
      256,231
Software - 6.27%      
BMC Software, Inc. *   3,000 74,880
Citrix Systems, Inc. *   10,100 269,266
Intuit, Inc. *   4,100 90,856
Microsoft Corp.   1,078,900 21,815,358
Oracle Corp. *   681,600 10,966,944
      33,217,304
Steel - 0.10%      
Nucor Corp.   14,600 520,928
Telecommunications Equipment &      
Services - 3.30%      
QUALCOMM, Inc.   519,700 17,446,329
Telephone - 1.32%      
AT&T, Inc.   123,505 3,527,303
CenturyTel, Inc.   2,000 53,120
Verizon Communications, Inc.   104,000 3,395,600
      6,976,023
Tobacco - 2.64%      
Altria Group, Inc.   283,000 4,550,640
Philip Morris International, Inc.   187,200 7,892,352
UST, Inc.   22,500 1,546,875
      13,989,867
Transportation - 0.28%      
C.H. Robinson Worldwide, Inc.   28,900 1,476,212
Trucking & Freight - 0.37%      
FedEx Corp.   1,900 134,235
J.B. Hunt Transport Services, Inc.   2,200 58,982
Ryder Systems, Inc.   1,800 64,638
United Parcel Service, Inc., Class B   29,700 1,710,720
          1,968,575
TOTAL COMMON STOCKS (Cost $561,800,935)       $ 473,066,582
 
SHORT TERM INVESTMENTS - 0.21%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $  1,082,675    $ 1,082,675
TOTAL SHORT TERM INVESTMENTS      
(Cost $1,082,675)         $ 1,082,675

The accompanying notes are an integral part of the financial statements.
295

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 8.86%    
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$46,918,195 on 12/1/2008,      
collateralized by $47,560,000      
Federal Home Loan Bank, 2.25%      
due 10/02/2009 (valued at      
$47,857,250, including interest) $  46,918,000   $ 46,918,000
TOTAL REPURCHASE AGREEMENTS        
(Cost $46,918,000)         $ 46,918,000
Total Investments (U.S. Multi Sector Fund)    
(Cost $609,801,610) - 98.41%   $ 521,067,257
Other Assets in Excess of Liabilities - 1.59%   8,431,931
TOTAL NET ASSETS - 100.00%   $ 529,499,188

Value Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 94.04%    
Aerospace - 2.47%    
Goodrich Corp. 14,770 $ 497,011
Auto Parts - 4.78%    
Autoliv, Inc. 26,900 513,521
O'Reilly Automotive, Inc. * 17,200 448,404
    961,925
Banking - 5.76%    
KeyCorp 46,800 438,984
Northern Trust Corp. 15,714 721,115
    1,160,099
Business Services - 4.01%    
Perot Systems Corp., Class A * 64,710 807,581
Chemicals - 4.19%    
Valspar Corp. 42,980 843,268
Computers & Business Equipment - 7.53%    
Diebold, Inc. 30,510 854,280
Pitney Bowes, Inc. 26,820 662,722
    1,517,002
Cosmetics & Toiletries - 4.66%    
Estee Lauder Companies, Inc., Class A 18,010 502,479
International Flavors & Fragrances, Inc. 14,309 436,997
    939,476
Crude Petroleum & Natural Gas - 1.52%    
Hess Corp. 5,680 306,947
Electrical Utilities - 6.15%    
American Electric Power Company, Inc. 16,730 523,482
Wisconsin Energy Corp. 16,470 715,786
    1,239,268
Electronics - 4.53%    
Flextronics International, Ltd. * 100,431 235,008
Zebra Technologies Corp., Class A * 32,030 677,755
    912,763

Value Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Energy - 2.00%      
NRG Energy, Inc. * (a)   17,000 $ 402,730
Financial Services - 5.39%      
CapitalSource, Inc. (a)   65,000 338,650
CIT Group, Inc.   76,375 255,093
Invesco, Ltd.   39,186 491,784
      1,085,527
Food & Beverages - 3.30%      
ConAgra Foods, Inc.   45,030 664,193
Gas & Pipeline Utilities - 3.83%      
El Paso Corp.   104,460 771,959
Healthcare Products - 2.94%      
Beckman Coulter, Inc.   13,590 592,252
Healthcare Services - 3.95%      
Brookdale Senior Living, Inc.   27,800 113,146
Healthsouth Corp. *   69,380 682,699
      795,845
Household Products - 3.37%      
Newell Rubbermaid, Inc.   50,860 679,490
Insurance - 13.44%      
ACE, Ltd.   18,865 985,696
Aspen Insurance Holdings, Ltd.   28,467 524,647
Marsh & McLennan Companies, Inc.   28,499 726,724
Willis Group Holdings, Ltd.   20,355 469,590
      2,706,657
Manufacturing - 6.01%      
Harley-Davidson, Inc.   20,501 348,722
Pentair, Inc.   34,650 861,399
      1,210,121
Medical-Hospitals - 0.54%      
Health Management Associates, Inc., Class A * 73,904 107,900
Office Furnishings & Supplies - 3.03%      
Avery Dennison Corp.   19,600 609,560
Paper - 0.64%      
Domtar Corp. *    91,380    127,932
TOTAL COMMON STOCKS (Cost $27,024,787)    $ 18,939,506
 
SHORT TERM INVESTMENTS - 1.77%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $  357,000   $ 357,000
TOTAL SHORT TERM INVESTMENTS        
(Cost $357,000)       $ 357,000
Total Investments (Value Fund)        
(Cost $27,381,787) - 95.81%   $ 19,296,506
Other Assets in Excess of Liabilities - 4.19%   844,874
TOTAL NET ASSETS - 100.00%   $ 20,141,380

The accompanying notes are an integral part of the financial statements.
296

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Value & Restructuring Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 94.06%    
Aerospace - 2.85%    
Empresa Brasileira de Aeronautica SA, ADR 146,303 $ 2,272,085
United Technologies Corp. 127,196 6,172,822
    8,444,907
Air Travel - 0.91%    
Copa Holdings SA, Class A 110,000 2,438,700
Gol-Linhas Aereas Inteligentes SA (a) 69,826 273,718
    2,712,418
Auto Services - 0.30%    
RSC Holdings, Inc. * 109,064 887,781
Banking - 2.02%    
PNC Financial Services Group, Inc. 113,500 5,989,395
Broadcasting - 0.21%    
CBS Corp., Class B 93,455 622,410
Cable & Television - 0.05%    
DISH Network Corp. * 13,000 144,040
Cellular Communications - 3.46%    
America Movil SAB de CV, Series L, ADR 341,500 10,245,000
Chemicals - 3.55%    
Celanese Corp., Series A 275,825 3,185,779
Lanxess AG 110,222 1,824,682
PPG Industries, Inc. 125,260 5,501,419
    10,511,880
Coal - 3.87%    
Alpha Natural Resources, Inc. * 197,356 4,379,329
CONSOL Energy, Inc. 223,676 6,479,894
Foundation Coal Holdings, Inc. 42,600 607,902
    11,467,125
Commercial Services - 0.32%    
AerCap Holdings NV * 202,013 935,320
Computers & Business Equipment - 2.72%    
International Business Machines Corp. 99,000 8,078,400
Cosmetics & Toiletries - 1.54%    
Avon Products, Inc. 215,955 4,556,651
Crude Petroleum & Natural Gas - 5.20%    
Devon Energy Corp. 132,523 9,586,714
Noble Energy, Inc. 97,200 5,081,616
W&T Offshore, Inc. 54,000 756,000
    15,424,330
Electrical Utilities - 1.97%    
Enel SpA 228,000 1,426,047
Entergy Corp. 52,000 4,425,200
    5,851,247
Energy - 0.22%    
Rosetta Resources, Inc. * 85,342 642,625
Financial Services - 6.13%    
Apollo Investment Corp. (a) 138,220 1,173,488
CIT Group, Inc. (a) 112,603 376,094
Goldman Sachs Group, Inc. 50,870 4,018,221
Invesco, Ltd. (a) 326,855 4,102,030
JPMorgan Chase & Company 181,000 5,730,460

Value & Restructuring Fund (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financial Services (continued)    
Morgan Stanley 189,000 $ 2,787,750
    18,188,043
Food & Beverages - 1.10%    
Dean Foods Company * 220,707 3,213,494
Vintage Wine Trust, Inc. (h) 88,261 44,130
    3,257,624
Gas & Pipeline Utilities - 0.68%    
El Paso Corp. 272,000 2,010,080
Healthcare Products - 2.24%    
Baxter International, Inc. 125,383 6,632,761
Homebuilders - 0.22%    
Centex Corp. 70,000 641,200
Household Appliances - 2.61%    
Black & Decker Corp. 182,618 7,750,308
Household Products - 0.85%    
Newell Rubbermaid, Inc. 188,710 2,521,166
Industrial Machinery - 1.53%    
AGCO Corp. * 184,699 4,547,289
Industrials - 1.23%    
Aecom Technology Corp. * 137,812 3,650,640
Insurance - 6.99%    
ACE, Ltd. 217,123 11,344,677
Castlepoint Holdings, Ltd. 78,452 804,918
Genworth Financial, Inc., Class A 40,421 58,610
Loews Corp. 118,000 3,232,020
MetLife, Inc. 184,000 5,291,840
    20,732,065
International Oil - 8.07%    
Anadarko Petroleum Corp. 112,320 4,610,736
ConocoPhillips 161,513 8,482,663
Murphy Oil Corp. 55,900 2,462,395
Petroleo Brasileiro SA, ADR 399,681 8,369,320
    23,925,114
Manufacturing - 4.21%    
Eaton Corp. 111,727 5,177,429
Rockwell Automation, Inc. 104,781 3,263,928
Tyco International, Ltd. 193,210 4,038,089
    12,479,446
Metal & Metal Products - 2.37%    
Companhia Vale Do Rio Doce, ADR * (a) 212,081 2,532,247
Southern Copper Corp. (a) 261,183 3,593,878
Sterlite Industries India, Ltd. 185,400 914,022
    7,040,147
Mining - 1.42%    
Freeport-McMoRan Copper & Gold, Inc.,    
Class B 104,989 2,518,686
Grupo Mexico SA 2,683,949 1,683,858
    4,202,544
Petroleum Services - 1.90%    
Hercules Offshore, Inc. * 93,014 541,341
PetroHawk Energy Corp. * 223,060 3,896,858

The accompanying notes are an integral part of the financial statements.
297

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Value & Restructuring Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Petroleum Services (continued)      
Petroplus Holdings AG *   64,062 $ 1,199,880
      5,638,079
Pharmaceuticals - 3.43%      
AmerisourceBergen Corp.   146,843 4,603,528
Bristol-Myers Squibb Company   268,171 5,551,140
      10,154,668
Railroads & Equipment - 3.71%      
Union Pacific Corp.   219,874 11,002,495
Real Estate - 0.48%      
DiamondRock Hospitality Company, REIT   205,740 765,353
Host Hotels & Resorts, Inc., REIT   85,772 645,005
      1,410,358
Retail Trade - 1.62%      
The TJX Companies, Inc.   210,683 4,807,786
Steel - 0.96%      
Schnitzer Steel Industries, Inc. (a)   105,200 2,840,400
Telecommunications Equipment &      
Services - 1.96%      
CommScope, Inc. *   140,000 1,580,600
DataPath, Inc. * (h)   80,000 20,000
Nokia Oyj, SADR   297,000 4,208,490
      5,809,090
Telephone - 4.66%      
Harris Corp.   321,500 11,213,920
Windstream Corp.   294,000 2,604,840
      13,818,760
Tobacco - 5.02%      
Lorillard, Inc.   246,161 14,875,509
Transportation - 0.06%      
Omega Navigation Enterprises, Inc. (a)   28,468 181,911
Trucking & Freight - 1.42%      
Ryder Systems, Inc.    117,515    4,219,964
TOTAL COMMON STOCKS (Cost $384,424,705)     $ 278,850,976
  
PREFERRED STOCKS - 0.68%      
Chemicals - 0.19%      
Celanese Corp., 4.25%   35,422 551,521
Financial Services - 0.49%      
CIT Group, Inc., 7.75%    229,000    1,458,730
TOTAL PREFERRED STOCKS (Cost $4,553,723)     $ 2,010,251
    
SHORT TERM INVESTMENTS - 4.08%    
John Hancock Cash      
Investment Trust, 1.6231% (c)(i) $  12,093,950    $ 12,093,950
TOTAL SHORT TERM INVESTMENTS          
(Cost $12,093,950)        $ 12,093,950

Value & Restructuring Fund (continued)  
    Shares or  
    Principal  
    Amount Value
 
REPURCHASE AGREEMENTS - 2.80%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$8,302,035 on 12/1/2008,      
collateralized by $6,320,000      
Federal National Mortgage      
Association, 7.25% due      
05/15/2030 (valued at $8,468,800,      
including interest) $  8,302,000    $ 8,302,000
TOTAL REPURCHASE AGREEMENTS        
(Cost $8,302,000)        $ 8,302,000
Total Investments (Value & Restructuring Fund)      
(Cost $409,374,378) - 101.62%   $ 301,257,177
Liabilities in Excess of Other Assets - (1.62)%   (4,813,030)
TOTAL NET ASSETS - 100.00%   $ 296,444,147

Vista Fund    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 96.11%    
Agriculture - 1.85%    
Monsanto Company 16,300 $ 1,290,960
Air Travel - 2.96%    
Alaska Air Group, Inc. * 10,200 234,090
AMR Corp. * (a) 52,300 459,194
Continental Airlines, Inc., Class B * 28,600 419,848
Delta Air Lines, Inc. * 83,225 733,212
JetBlue Airways Corp. * 41,600 217,984
    2,064,328
Apparel & Textiles - 0.49%    
Carter's, Inc. * 18,200 344,162
Auto Services - 0.46%    
Copart, Inc. * 12,100 322,707
Banking - 2.51%    
Hancock Holding Company 8,200 353,502
Hudson City Bancorp, Inc. 47,100 787,041
TCF Financial Corp. (a) 36,607 611,337
    1,751,880
Biotechnology - 1.42%    
Cephalon, Inc. * (a) 9,700 712,756
Charles River Laboratories International, Inc. * 12,100 275,880
    988,636
Business Services - 1.19%    
FTI Consulting, Inc. * 11,661 639,489
URS Corp. * 5,000 189,800
    829,289
Cable & Television - 0.60%    
DIRECTV Group, Inc. * 19,000 418,190
Chemicals - 1.40%    
Syngenta AG 4,381 787,572

The accompanying notes are an integral part of the financial statements.
298

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Vista Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Chemicals (continued)    
The Scotts Company, Class A 5,800 $ 187,688
    975,260
Colleges & Universities - 1.10%    
Corinthian Colleges, Inc. * 47,800 768,624
Computers & Business Equipment - 0.49%    
Diebold, Inc. 12,180 341,040
Construction & Mining Equipment - 0.82%    
Carbo Ceramics, Inc. (a) 12,000 574,800
Containers & Glass - 0.51%    
Pactiv Corp. * 14,300 357,357
Cosmetics & Toiletries - 0.85%    
Chattem, Inc. * 8,200 595,074
Crude Petroleum & Natural Gas - 3.50%    
EOG Resources, Inc. 6,200 527,124
Plains Exploration & Production Company * 22,581 522,750
Southwestern Energy Company * 20,900 718,333
Ultra Petroleum Corp. * 7,700 312,851
Whiting Petroleum Corp. * 9,500 363,850
    2,444,908
Domestic Oil - 1.05%    
Continental Resources, Inc. * (a) 16,200 316,710
Range Resources Corp. 10,000 414,700
    731,410
Drugs & Health Care - 2.11%    
CSL, Ltd. 14,900 341,739
Perrigo Company 32,900 1,132,089
    1,473,828
Educational Services - 5.43%    
Apollo Group, Inc., Class A * 10,200 783,768
DeVry, Inc. 13,100 752,988
ITT Educational Services, Inc. * 20,500 1,846,640
Strayer Education, Inc. 1,700 407,337
    3,790,733
Electrical Utilities - 1.56%    
Quanta Services, Inc. * 66,875 1,087,388
Electronics - 2.38%    
Amphenol Corp., Class A 7,738 179,676
Thermo Fisher Scientific, Inc. * 41,600 1,484,288
    1,663,964
Energy - 1.04%    
Energy Conversion Devices, Inc. * (a) 12,200 341,356
First Solar, Inc. * 3,100 387,004
    728,360
Financial Services - 4.29%    
BlackRock, Inc. 2,800 351,988
Charles Schwab Corp. 32,500 595,725
Knight Capital Group, Inc. * 25,900 428,645
Lazard, Ltd., Class A 21,500 672,090
Stifel Financial Corp. * 12,781 549,711
UMB Financial Corp. 8,300 396,823
    2,994,982

Vista Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Food & Beverages - 3.65%    
Campbell Soup Company 5,200 $ 166,660
Dean Foods Company * 17,700 257,712
H.J. Heinz Company 25,500 990,420
Kellogg Company 6,800 295,324
Ralcorp Holdings, Inc. * 10,700 669,392
TreeHouse Foods, Inc. * 7,000 166,530
    2,546,038
Furniture & Fixtures - 0.49%    
Leggett & Platt, Inc. 23,400 341,640
Healthcare Products - 4.05%    
Covidien, Ltd. 35,000 1,289,750
Edwards Lifesciences Corp. * 14,900 741,573
St. Jude Medical, Inc. * 15,400 431,662
Varian Medical Systems, Inc. * 9,000 363,240
    2,826,225
Healthcare Services - 7.29%    
Cerner Corp. * 13,700 492,926
Express Scripts, Inc. * 29,300 1,685,043
Medco Health Solutions, Inc. * 44,200 1,856,400
Omnicare, Inc. 43,560 1,050,232
    5,084,601
Homebuilders - 0.87%    
NVR, Inc. * 600 260,550
Toll Brothers, Inc. * 17,200 342,796
    603,346
Hotels & Restaurants - 1.30%    
Panera Bread Company, Class A * (a) 20,400 906,576
Industrial Machinery - 0.81%    
Briggs & Stratton Corp. (a) 27,500 387,200
Flowserve Corp. 3,600 181,188
    568,388
Industrials - 0.93%    
Aecom Technology Corp. * 24,500 649,005
Insurance - 2.90%    
ACE, Ltd. 8,000 418,000
Aon Corp. 18,500 838,050
Axis Capital Holdings, Ltd. 14,100 356,871
PartnerRe, Ltd. 5,900 412,764
    2,025,685
International Oil - 0.49%    
Weatherford International, Ltd. * 26,700 340,959
Internet Content - 1.32%    
Sohu.com, Inc. * 18,900 917,406
Internet Service Provider - 1.44%    
Equinix, Inc. * 7,800 354,198
Netease.com, Inc., ADR * 35,300 649,520
    1,003,718
Internet Software - 1.49%    
McAfee, Inc. * 18,300 555,039
Symantec Corp. * 40,400 486,012
    1,041,051

The accompanying notes are an integral part of the financial statements.
299

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Vista Fund (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Metal & Metal Products - 1.18%    
Crown Holdings, Inc. * 51,401 $ 824,986
Petroleum Services - 2.52%    
PetroHawk Energy Corp. * 79,714 1,392,604
Smith International, Inc. 12,600 368,424
    1,761,028
Pharmaceuticals - 1.79%    
Alexion Pharmaceuticals, Inc. * 19,500 656,370
Celgene Corp. * 8,600 448,060
Onyx Pharmaceuticals, Inc. * 5,100 143,310
    1,247,740
Railroads & Equipment - 3.22%    
CSX Corp. 17,600 655,424
Norfolk Southern Corp. 16,200 801,414
Union Pacific Corp. 15,800 790,632
    2,247,470
Retail Grocery - 1.44%    
The Kroger Company 36,400 1,006,824
Retail Trade - 9.90%    
BJ's Wholesale Club, Inc. * (a) 29,600 1,059,088
Children's Place Retail Stores, Inc. * 23,100 541,695
Dollar Tree, Inc. * 61,500 2,605,140
Family Dollar Stores, Inc. 37,900 1,052,862
PetSmart, Inc. 12,000 210,600
Ross Stores, Inc. 27,094 717,991
The TJX Companies, Inc. 26,000 593,320
Urban Outfitters, Inc. * 6,897 125,318
    6,906,014
Sanitary Services - 2.52%    
Aqua America, Inc. 22,100 479,349
Waste Connections, Inc. * 45,322 1,279,440
    1,758,789
Semiconductors - 2.19%    
Altera Corp. 23,400 344,214
Broadcom Corp., Class A * 29,800 456,238
Microsemi Corp. * 37,262 726,236
    1,526,688
Software - 2.03%    
Activision Blizzard, Inc. * 91,200 1,067,040
Quest Software, Inc. * 26,000 347,100
    1,414,140
Telecommunications Equipment &    
Services - 3.02%    
American Tower Corp., Class A * 24,800 675,552
SBA Communications Corp. * (a) 90,588 1,430,385
    2,105,937
Trucking & Freight - 1.26%    
FedEx Corp.       12,400     876,060
TOTAL COMMON STOCKS (Cost $75,556,071)         $ 67,068,194

Vista Fund (continued)      
    Shares or  
    Principal  
    Amount Value
 
INVESTMENT COMPANIES - 1.79%      
Investment Companies - 1.79%      
Midcap SPDR Trust, Series 1 (a)    13,300     $ 1,244,880
TOTAL INVESTMENT COMPANIES (Cost $1,404,922)       $ 1,244,880
  
SHORT TERM INVESTMENTS - 8.20%      
John Hancock Cash      
Investment Trust, 1.6231% (c)(i)  $  5,721,600     $ 5,721,600
TOTAL SHORT TERM INVESTMENTS            
(Cost $5,721,600)           $ 5,721,600
   
REPURCHASE AGREEMENTS - 2.61%      
Repurchase Agreement with State      
Street Corp. dated 11/28/2008 at      
0.05% to be repurchased at      
$1,824,008 on 12/01/2008,      
collateralized by $1,825,000      
Federal National Mortgage      
Association, 4.875% due      
04/15/2009 (valued at $1,861,500,      
including interest) $ 1,824,000     $ 1,824,000
TOTAL REPURCHASE AGREEMENTS          
(Cost $1,824,000)      $ 1,824,000
Total Investments (Vista Fund)      
(Cost $84,506,593) - 108.71%   $ 75,858,674
Liabilities in Excess of Other Assets - (8.71)%     (6,077,061)
TOTAL NET ASSETS - 100.00%   $ 69,781,613

Footnotes
Percentages are stated as a percent of net assets.

The accompanying notes are an integral part of the financial statements.
300

JOHN HANCOCK FUNDS II

PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Key to Currency Abbreviations
ARS - Argentine Peso
AUD - Australian Dollar
BRL - Brazilian Real
CAD - Canadian Dollar
 
COP - Colombian Peso
CZK - Czech Koruna
DKK - Danish Krone
EGP - Egyptian Pound
EUR - European Currency
GBP - British Pound
 
HKD - Hong Kong Dollar
HUF - Hungarian Forint
IDR - Indonesian Rupiah
 
 
JPY - Japanese Yen
 
MXN - Mexican Peso
MYR - Malaysian Ringgit
NGN - Nigerian Naira
NZD - New Zealand Dollar
 
 
PLN - Polish Zloty
RUB - Russian Ruble
SEK - Swedish Krona
 
THB - Thai Baht
TRY - Turkish Lira
 
USD - US Dollar
 
ZAR - South African Rand

Key to Security Abbreviations and Legend
ADR - American Depositary Receipts
 
BKNT - Bank Note
CDO - Collateralized Debt Obligation
 
EMTN - European Medium Term Note
ETF - Exchange Traded Fund
EWCO - European Written Call Option
GDR - Global Depositary Receipts
GMTN - Global Medium Term Note
 
IO - Interest Only (Carries notional principal amount)
MTN - Medium Term Note
 
NVDR - Non Voting Depositary Receipts
OTC - Over The Counter
PIK - Paid In Kind
PO - Principal Only
REIT - Real Estate Investment Trust
REMIC - - Real Estate Mortgage Investment Conduit 
 
SADR - Sponsored American Depositary Receipts
SPDR - Standard & Poor's Depositary Receipts
TBA - To Be Announced

^ 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) Variable rate obligation. The coupon rate shown represents the rate at
  period end.
(c) The investment is an affiliate of the fund, the adviser and/or the subadviser.
(d) Principal amount of security is adjusted for inflation.
(e) Security Fair Valued on November 30, 2008
(f) The subadviser is an affiliate of the adviser.
(g) The Underlying Fund's subadviser is shown parenthetically.
(h) 144A: Security exempt from registration under Rule 144A of the Securities
  Act of 1933. These securities may be resold in transactions exempt from
  registration, normally to qualified institutional buyers.
(i) John Hancock Cash Investment Trust is managed by MFC Global
Investment Management (U.S.), LLC, and represents investment of
  securities lending collateral. The rate shown is the seven-day effective yield
  at period end.
(j) Variable Rate Preferred
(k) Loan will settle after period end, at which time the interest rate will be
  determined.
(l) All or a portion of this position represents an unfunded loan commitment.
  The coupon rate will be determined at time of settlement.
(m) At November 30, 2008, all or a portion of this security was segregated at
broker to cover margin requirements for open futures contracts.
** Purchased on a forward commitment

The accompanying notes are an integral part of the financial statements.
301

Notes to the Schedule of Investments (Unaudited)

Security Valuation The net asset value of each Fund is determined daily as of the close of the NYSE, normally at 4:00 p.m., Eastern Time. Investments held by the Fund in underlying affiliated funds are valued at their respective net asset values each business day. Short-term debt investments that have a remaining maturity 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 John Hancock Cash Investment Trust ("JHCIT"), an affiliate of the John Hancock Adviser, LLC ("JHA"), a wholly owned subsidiary of John Hancock Financial Services, Inc., a subsidiary of MFC, are valued at their net asset value each business day. Swaps are generally valued at an evaluated bid as reported by an independent pricing service. All other securities held by the Funds and by the underlying affiliated 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 the principal securities exchange (domestic or foreign) on which they trade or, lacking any sales, at the closing bid price. Securities sold short are valued at the closing asking 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, which take into account factors such as institutional -size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data.

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

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer's assets, general economic conditions, interest rates, investor perceptions and market liquidity.

Certain Funds of the Trust may invest a portion of their assets in securities of issuers that hold mortgage securities including subprime mortgage securities. The value of these securities is sensitive to changes in economic conditions, including delinquencies and/or defaults and may be adversely affected by shifts in the market's perception of the issuers and changes in interest rates.

The Funds adopted Statement of Financial Accounting Standards No. 157 (FAS 157), Fair Value Measurements, effective with the beginning of the Fund's fiscal year. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

• Level 1 - Quoted prices in active markets for identical securities

• Level 2 - Prices determined using other significant observable inputs. Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly through corroboration with observable market data. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.

• Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Funds' own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following tables are a summary of the inputs used to value the Funds' net assets as of November 30, 2008 and a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation / depreciation on the instrument.

Absolute Return    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $3,973,569 -
Level 2 - Other Significant Observable Inputs - -
Level 3 - Significant Unobservable Inputs - -
Total $3,973,569 -

Active Bond    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $28,503,936 -
Level 2 - Other Significant Observable Inputs 560,994,330 -
Level 3 - Significant Unobservable Inputs 11,846,915 -
Total $601,345,181 -

All Cap Core    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $295,270,542 ($4,712,834)
Level 2 - Other Significant Observable Inputs 34,229,385 -
Level 3 - Significant Unobservable Inputs - -
Total $329,499,927 ($4,712,834)

All Cap Growth    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $63,712,170 -
Level 2 - Other Significant Observable Inputs 14,440,314 -
Level 3 - Significant Unobservable Inputs - -
Total $78,152,484 -

All Cap Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $92,427,821 -
Level 2 - Other Significant Observable Inputs 5,280,000 -
Level 3 - Significant Unobservable Inputs - -
Total $97,707,821 -

Alpha Opportunities    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $195,536,134 -
Level 2 - Other Significant Observable Inputs 49,530,846 -
Level 3 - Significant Unobservable Inputs - -
Total $245,066,980 -

American Diversified Growth & Income    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $1,188,300 -
Level 2 - Other Significant Observable Inputs - -
Level 3 - Significant Unobservable Inputs - -
Total $1,188,300 -

American Fundamental Holdings    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $1,198,928 -
Level 2 - Other Significant Observable Inputs - -
Level 3 - Significant Unobservable Inputs - -
Total $1,198,928 -

American Global Diversification    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $1,193,597 -
 
Level 2 - Other Significant Observable Inputs - -
Level 3 - Significant Unobservable Inputs - -
Total $1,193,597 -

Blue Chip Growth    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $1,101,684,774 -
 
Level 2 - Other Significant Observable Inputs 37,809,536 -
Level 3 - Significant Unobservable Inputs - -
Total $1,139,494,310 -

Capital Appreciation    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $601,290,853 -
 
Level 2 - Other Significant Observable Inputs 37,538,000 -
Level 3 - Significant Unobservable Inputs - -
Total $638,828,853 -

Core Bond    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices - -
 
Level 2 - Other Significant Observable Inputs $214,530,632 -
Level 3 - Significant Unobservable Inputs - -
Total $214,530,632 -



 
Core Equity
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $4,574,902 -
Level 2 - Other Significant Observable Inputs 4,915,000 -
Level 3 - Significant Unobservable Inputs - -
Total $9,489,902 -

Emerging Growth
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices - (183,674)
Level 2 - Other Significant Observable Inputs $2,708,000 -
Level 3 - Significant Unobservable Inputs 758,500 -
Total $3,466,500 (183,674)

Emerging Markets Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $127,493,952 -
 
Level 2 - Other Significant Observable Inputs 233,179,884 -
 
Level 3 - Significant Unobservable Inputs 199,619 -
Total $360,873,455 -

Emerging Small Company    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $22,428,083 -
 
Level 2 - Other Significant Observable Inputs 1,041,182 -
 
Level 3 - Significant Unobservable Inputs - -
Total $23,469,265 -

Equity-Income    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $596,422,821 -
 
Level 2 - Other Significant Observable Inputs 20,592,498 -
 
Level 3 - Significant Unobservable Inputs 1,629,836 -
Total $618,645,155 -

Fundamental Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $879,381,639 -
Level 2 - Other Significant Observable Inputs 127,987,831 -
Level 3 - Significant Unobservable Inputs - -
Total $1,007,369,470 -

Global Bond    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $8,031 7,201,992
Level 2 - Other Significant Observable Inputs 912,039,542 (33,689,237)
Level 3 - Significant Unobservable Inputs 10,231,478 -
Total $922,279,051 (26,487,245)



Global Real Estate
Investments in Other Financial
Valuations Inputs: Securities Instruments*
Level 1-Quoted Prices $168,213,838 -
Level 2 - Other Significant Observable Inputs 245,329,208 ($3,687,123)
 
Level 3 - Significant Unobservable Inputs - -
Total $413,543,046 ($3,687,123)

High Income
Investments in Other Financial

Valuations Inputs:

 Securities Instruments*
Level 1-Quoted Prices $42,855,203 -
Level 2 - Other Significant Observable Inputs 246,020,283 $590,515
 
Level 3 - Significant Unobservable Inputs 30,703,188 (13,096,720)
Total $319,578,674 ($12,506,205)

High Yield    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $75,953,002 -
 
Level 2 - Other Significant Observable Inputs 1,094,083,830 -
 
Level 3 - Significant Unobservable Inputs 14,349,704 -
Total $1,184,386,536 -

Index 500    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $2,026,104,960 $6,283,873
 
Level 2 - Other Significant Observable Inputs 91,512,155 -
 
Level 3 - Significant Unobservable Inputs - -
Total $2,117,617,115 $6,283,873

International Equity Index    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $48,274,818 ($3,115,588)
 
Level 2 - Other Significant Observable Inputs 288,136,360 (467,337)
 
Level 3 - Significant Unobservable Inputs 422,699 -
Total $336,833,877 ($3,582,925)

International Opportunities    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $120,691,732 -
 
Level 2 - Other Significant Observable Inputs 419,018,163 -
 
Level 3 - Significant Unobservable Inputs - -
Total $539,709,895 -

International Small Cap    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $31,329,619 -
 
Level 2 - Other Significant Observable Inputs 211,917,043 -
 
Level 3 - Significant Unobservable Inputs - -
Total $243,246,662 -

International Small Company    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $34,004,228 -
 
Level 2 - Other Significant Observable Inputs 228,098,402 -
 
Level 3 - Significant Unobservable Inputs 241,803 -
Total $262,344,433 -

International Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $91,945,920  -
 
Level 2 - Other Significant Observable Inputs 792,773,978  -
 
Level 3 - Significant Unobservable Inputs -  -
Total $884,719,898  -

Investment Quality Bond    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $5,424,500 ($19,405)
 
Level 2 - Other Significant Observable Inputs 146,823,550 (59,451)
 
Level 3 - Significant Unobservable Inputs 22,342  -
Total $152,270,392 ($78,856)

 
Large Cap
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $173,082,473 -
 
Level 2 - Other Significant Observable Inputs 2,462,000 -
Level 3 - Significant Unobservable Inputs - -
Total $175,544,473 -

Large Cap Value
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $403,446,923   -
 
Level 2 - Other Significant Observable Inputs 338,000   -
Level 3 - Significant Unobservable Inputs -   -
Total $403,784,923   -

Mid Cap Index    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $289,987,817 ($3,644,362)
 
Level 2 - Other Significant Observable Inputs 47,877,238  -
Level 3 - Significant Unobservable Inputs -  -
Total $337,865,055 ($3,644,362)

Mid Cap Intersection    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $127,223,065 $626,253
 
Level 2 - Other Significant Observable Inputs 9,949,000  -
Level 3 - Significant Unobservable Inputs -  -
Total $137,172,065 $626,253

Mid Cap Stock    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $426,489,407 -
 
Level 2 - Other Significant Observable Inputs 38,882,227 -
Level 3 - Significant Unobservable Inputs - -
Total $465,371,634 -

Mid Cap Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $103,547,965 -
 
Level 2 - Other Significant Observable Inputs 5,855,000 -
Level 3 - Significant Unobservable Inputs - -
Total $109,402,965 -

Mid Cap Value Equity    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $62,378,300 -
 
Level 2 - Other Significant Observable Inputs 2,437,761 -
Level 3 - Significant Unobservable Inputs - -
Total $64,816,061 -

Natural Resources    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $319,710,365 -
 
Level 2 - Other Significant Observable Inputs 61,735,898 -
Level 3 - Significant Unobservable Inputs - -
Total $381,446,263 -

Optimized All Cap
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $3,155,683 -
 
Level 2 - Other Significant Observable Inputs 130,000 -
Level 3 - Significant Unobservable Inputs - -
Total $3,285,683 -

Real Estate Equity
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $156,432,738 -
Level 2 - Other Significant Observable Inputs 11,033,383 -
Level 3 - Significant Unobservable Inputs - -
Total $167,466,121 -

Real Estate Securities
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $58,074,390 -
Level 2 - Other Significant Observable Inputs - -
Level 3 - Significant Unobservable Inputs - -
Total $58,074,390 -

Real Return Bond    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
 
Level 1 - Quoted Prices $5,619,494 $17,570,843
 
Level 2 - Other Significant Observable Inputs 1,246,891,551 (41,915,080)
 
Level 3 - Significant Unobservable Inputs 622,749 -
Total $1,253,133,794 ($24,344,237)

Small Cap Growth    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
 
Level 1 - Quoted Prices 85,835,436 -
 
Level 2 - Other Significant Observable Inputs 2,532,000 -
 
Level 3 - Significant Unobservable Inputs - -
Total $88,367,436 -

Small Cap Index    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $83,746,162 ($171,875)
 
Level 2 - Other Significant Observable Inputs 6,954,680 -
 
Level 3 - Significant Unobservable Inputs - -
Total $90,700,842 ($171,875)

Small Cap Opportunities    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $97,126,906 -
 
Level 2 - Other Significant Observable Inputs 3,542,000 -
 
Level 3 - Significant Unobservable Inputs 25,856 -
Total $100,694,762 -

Small Company    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $39,449,391 -
Level 2 - Other Significant Observable Inputs 377,000 -
Level 3 - Significant Unobservable Inputs - -
Total $39,826,391 -

Small Company Growth    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $120,580,346 -
Level 2 - Other Significant Observable Inputs 2,877,000 -
Level 3 - Significant Unobservable Inputs - -
Total $123,457,346 -

Small Company Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $372,422,696 -
 
Level 2 - Other Significant Observable Inputs 7,593,602 -
Level 3 - Significant Unobservable Inputs - -
Total $380,016,298 -

Smaller Company Growth    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $99,568,050 $34,100
 
Level 2 - Other Significant Observable Inputs 5,869,000 -
Level 3 - Significant Unobservable Inputs - -
Total $105,437,050 $34,100

Spectrum Income
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $168,516,947 $530,931
 
Level 2 - Other Significant Observable Inputs 755,971,842 1,013,358
 
Level 3 - Significant Unobservable Inputs 1,176,059 -
Total $925,664,848 $1,544,289

Strategic Bond
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $1,824,536 $2,652,302
 
Level 2 - Other Significant Observable Inputs 475,237,584 (676,907)
 
Level 3 - Significant Unobservable Inputs 10,459,262 -
Total $487,521,382 $1,975,395

Strategic Income    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $16,331,557 -
 
Level 2 - Other Significant Observable Inputs 356,424,688 $18,241,305
 
Level 3 - Significant Unobservable Inputs 10,374,290 (1,381,678)
Total $383,130,535 $16,859,627

Total Bond Market    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices - -
 
Level 2 - Other Significant Observable Inputs $550,364,886 -
 
Level 3 - Significant Unobservable Inputs - -
Total $550,364,886 -

Total Return    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $13,705,402 $47,617,010
 
Level 2 - Other Significant Observable Inputs 2,418,538,442 (71,016,064)
 
Level 3 - Significant Unobservable Inputs - -
Total $2,432,243,844 ($23,399,054)

U.S. Government Securities    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $36,416 ($469,996)
 
Level 2 - Other Significant Observable Inputs 181,276,723 -
 
Level 3 - Significant Unobservable Inputs 3,385,724 -
Total $184,698,863 ($469,996)

U.S. High Yield Bond    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $3,444,000 -
 
Level 2 - Other Significant Observable Inputs 427,146,277 -
Level 3 - Significant Unobservable Inputs - -
Total $430,590,277 -

U.S. Multi Sector    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $474,149,257 $6,462,491
 
Level 2 - Other Significant Observable Inputs 46,918,000 -
Level 3 - Significant Unobservable Inputs - -
Total $521,067,257 $6,462,491

Value    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $19,296,506 -
 
Level 2 - Other Significant Observable Inputs - -
 
Level 3 - Significant Unobservable Inputs - -
Total $19,296,506 -

Value & Restructuring    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $288,440,438 -
 
Level 2 - Other Significant Observable Inputs 12,752,608 -
 
Level 3 - Significant Unobservable Inputs 64,131 -
Total 301,257,177 -

Vista    
  Investments in Other Financial
Valuation Inputs: Securities Instruments*
Level 1 - Quoted Prices $72,905,363 -
 
Level 2 - Other Significant Observable Inputs 2,953,311 $9,770
Level 3 - Significant Unobservable Inputs - -
Total $75,858,674 $9,770

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

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

Active Bond    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $15,261,255 -
 
Accrued discounts/premiums 17,201 -
 
Realized gain (loss) 12,839 -
Change in unrealized appreciation    
(depreciation) (4,676,071) -
 
Net purchases (sales) (439,062) -
 
Transfers in and/or out of Level 3 1,670,753 -
Balance as of 11/30/08 $11,846,915 -

Core Bond    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $1,439,613 -
 
Accrued discounts/premiums - -
 
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) - -
 
Net purchases (sales) - -
 
Transfers in and/or out of Level 3 (1,439,613) -
Balance as of 11/30/08 - -

Emerging Growth    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $1,272,230 -
Accrued discounts/premiums - -
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) (513,730) -
Net purchases (sales) - -
Transfers in and/or out of Level 3 - -
Balance as of 11/30/08 $758,500 -

Emerging Markets Value    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $148,620 -
Accrued discounts/premiums - -
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) (99,070) -
Net purchases (sales) - -
Transfers in and/or out of Level 3  150,069 -
Balance as of 11/30/08 $199,619 -

Emerging Small Company    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 - -
Accrued discounts/premiums - -
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) ($39,208) -
 
Net purchases (sales) - -
 
Transfers in and/or out of Level 3 39,208 -
Balance as of 11/30/08 - -

Equity Income    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $5,492,346 -
Accrued discounts/premiums - -
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) (1,854,815) -
 
Net purchases (sales) (2,007,695) -
 
Transfers in and/or out of Level 3 - -
Balance as of 11/30/08 $1,629,836 -

Fundmental Value    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $2,457,280 -
 
Accrued discounts/premiums - -
 
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) - -
 
Net purchases (sales) - -
 
Transfers in and/or out of Level 3 (2,457,280) -
Balance as of 11/30/08 - -

Global Bond    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $20,375,886 -
 
Accrued discounts/premiums (9,712) -
 
Realized gain (loss) (88,600) -
Change in unrealized appreciation    
(depreciation) (1,320,058) -
 
Net purchases (sales) (437,791) -
 
Transfers in and/or out of Level 3 (8,288,247) -
Balance as of 11/30/08 $10,231,478 -

High Income    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $37,575,120 -
 
Accrued discounts/premiums 102,298 -
 
Realized gain (loss) (153,745) -
Change in unrealized appreciation    
(depreciation) (9,571,447) ($9,573,620)
 
Net purchases (sales) 4,871,105 (3,523,100)
 
Transfers in and/or out of Level 3 (2,120,143) -
Balance as of 11/30/08 $30,703,188 ($13,096,720)

High Yield    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $5,849,979  
 
Accrued discounts/premiums 60,735  
 
Realized gain (loss) (25,975)  
Change in unrealized appreciation    
(depreciation) (6,025,434)  
 
Net purchases (sales) 4,401,301  
 
Transfers in and/or out of Level 3 10,089,098  
Balance as of 11/30/08 $14,349,704 -

International Equity Index    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $49,973  
Accrued discounts/premiums -  
 
Realized gain (loss) (36,913)  
Change in unrealized appreciation    
(depreciation) (96,055)  
 
Net purchases (sales) 22,947  
 
Transfers in and/or out of Level 3 482,747  
Balance as of 11/30/08 $422,699 -

International Small Company    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $839,314 -
Accrued discounts/premiums - -
 
Realized gain (loss) (503) -
Change in unrealized appreciation    
(depreciation) (430,501) -
 
Net purchases (sales) (5,490) -
 
Transfers in and/or out of Level 3 (161,017) -
Balance as of 11/30/08 $241,803 -

Investment Quality Bond    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $22,342 -
Accrued discounts/premiums 280 -
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) (280) -
 
Net purchases (sales) - -
 
Transfers in and/or out of Level 3 - -
Balance as of 11/30/08 $22,342 -

Real Return Bond    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $585,998 -
Accrued discounts/premiums 10 -
Realized gain (loss) 471 -
Change in unrealized appreciation    
(depreciation) (110,005) -
 
Net purchases (sales) (77,513) -
 
Transfers in and/or out of Level 3 223,788 -
Balance as of 11/30/08 $622,749 -

Small Cap Opportunities    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $156,600 -
Accrued discounts/premiums - -
 
Realized gain (loss) (10,296) -
Change in unrealized appreciation    
(depreciation) (119,709) -
 
Net purchases (sales) (739) -
 
Transfers in and/or out of Level 3 - -
Balance as of 11/30/08 $25,856 -

Spectrum Income    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $2,456,779 -
Accrued discounts/premiums 956 -
 
Realized gain (loss) (30,373) -
Change in unrealized appreciation    
(depreciation) (776,248) -
 
Net purchases (sales) (240,253) -
 
Transfers in and/or out of Level 3 (234,802) -
Balance as of 11/30/08 $1,176,059 -

Strategic Bond    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $11,286,509 -
 
Accrued discounts/premiums 548,876 -
 
Realized gain (loss) (24,587) -
Change in unrealized appreciation    
(depreciation) (4,093) -
 
Net purchases (sales) (38,664) -
 
Transfers in and/or out of Level 3 (1,308,779) -
Balance as of 11/30/08 $10,459,262 -

Strategic Income    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $7,455,685 -
 
Accrued discounts/premiums 16,299 -
 
Realized gain (loss) 1,692,182 -
Change in unrealized appreciation    
(depreciation) 205,294 ($839,343)
 
Net purchases (sales) (1,931,428) (542,335)
 
Transfers in and/or out of Level 3 2,936,258 -
Balance as of 11/30/08 $10,374,290 ($1,381,678)

Total Return    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $15,899,500 -
Accrued discounts/premiums - -
 
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) - -
 
Net purchases (sales) - -
 
Transfers in and/or out of Level 3 (15,899,500) -
Balance as of 11/30/08 - -

U.S. Government Securities    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $3,094,073 -
Accrued discounts/premiums 184 -
 
Realized gain (loss) 1,601 -
Change in unrealized appreciation    
(depreciation) 146,894 -
 
Net purchases (sales) (297,143) -
 
Transfers in and/or out of Level 3 440,115 -
Balance as of 11/30/08 $3,385,724 -

Value & Restructuring    
  Investments in Other Financial
  Securities Instruments
Balance as of 8/31/08 $208,261 -
Accrued discounts/premiums - -
Realized gain (loss) - -
Change in unrealized appreciation    
(depreciation) 67,696 -
 
Net purchases (sales) (211,826) -
Transfers in and/or out of Level 3 - -
Balance as of 11/30/08 $64,131 -

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 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 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.

Foreign Currency Transactions The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing exchange rates at period end. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the prevailing exchange rates on the respective dates of the transactions.

Net realized and unrealized gains and losses on foreign currency transactions represent net gains and losses between trade and settlement dates on securities transactions, the disposition of forward foreign currency exchange contracts and foreign currencies, and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received. That portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed but is included with net realized and unrealized gain/appreciation and loss/depreciation on investments.

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.

Certain Funds invest in securities of issuers based in countries with emerging markets or economies and may, therefore, be subject to greater market risk than Funds that invest principally in securities of issuers in more developed countries. Emerging markets securities may be more volatile and less liquid than securities of issuers in developed countries and may be subject to substantial currency fluctuations and affected by sudden economic, social and political developments in the emerging market country. The securities markets of emerging countries may have less government regulation and may be subject to less extensive accounting and financial reporting requirements than the securities markets of more developed countries. Emerging market countries may have currency controls or restrictions which may prevent or delay a Fund from taking money out of the country or may impose additional taxes on money removed from the country.

Options All Funds may purchase and sell put and call options on securities (whether or not it holds the securities in its portfolio), 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.

A Fund, as writer of an option, may have no control over whether the underlying securities may be sold (call) or purchased (put) and, as a result, bears the market risk of an unfavorable change in the price of the securities underlying the written 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.

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 a 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.

The following is a summary of open written options outstanding as of November 30, 2008:

Options on Exchange -Traded Futures Contracts

        Number of    
Fund Name of Issuer Exercise Price Expiration Date Contracts Premium Value
Global Bond Puts          

  Eurodollar Futures $97.125 Dec 2008 263 $106,330 ($6,575)
  Eurodollar Futures 97.50 Mar 2009 610 251,588 (202,062)
  Eurodollar Futures 97.25 Mar 2009 427 129,957 (101,412)
  Eurodollar Futures 97.25 Jun 2009 305 196,713 (125,813)
  Eurodollar Futures 97.00 Dec 2008 98 40,180 (1,225)
  U.S. Treasury 10-Year Note Futures 116.50 Dec 2008 43 20,049 (11,422)
        1,746 $744,817 ($448,509)
 
High Income Calls          
  U.S. Dollar versus Canadian Dollar $1.30 Apr 2010 98,000,000 $1,715,000 ($6,548,360)
  U.S. Dollar versus Canadian Dollar $1.30 Apr 2010 98,000,000 1,808,100 (6,548,360)
        196,000,000 $3,523,100 ($13,096,720)
 
Spectrum Income Calls          
  U.S. Treasury 30-Year Bond Futures $127.00 Dec 2008 5 $9,821 ($17,266)
        5 $9,821 ($17,266)
 
Strategic Bond Calls          
  Eurodollar Futures $96.50 Dec 2008 21 $13,808 ($72,188)
  Eurodollar Futures 97.75 Mar 2009 15 17,182 (19,406)
  Eurodollar Futures 97.50 Mar 2009 29 9,868 (51,475)
        65 $40,858 ($143,069)
  Puts          
  U.S. Treasury 10-Year Note Futures $116.00 Feb 2009 98 $198,621 ($79,625)
        98 $198,621 ($79,625)
 
Strategic Income Calls          
  U.S. Dollar versus Canadian Dollar $1.30 Apr 2010 10,450,000 $274,835 ($698,269)
  U.S. Dollar versus Canadian Dollar $1.30 Feb 2010 10,700,000 267,500 (683,409)
        21,150,000 $542,335 ($1,381,678)
 
U.S. Government Securities Calls          
  Eurodollar Futures $97.625 Sep 2009 114 $88,330 ($206,625)
        114 $88,330 ($206,625)

 

Interest Rate Swaptions
 
                      Pay/Receive        Notional    
Portfolio Name of Issuer   Counterparty   Floating Rate Index Floating Rate Exercise Rate Expiration Date    Amount Premium Value
Global Bond Calls                      
2-Year Interest Rate Swap HSBC Bank USA, N.A. 6 Month EUR-LIBOR Receive 5.29% Jun 2009 EUR 7,700,000 $102,350 ($415,824)
5-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 4.15% Aug 2009 USD 4,400,000 110,440 (271,689)
5-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.30% Aug 2009 USD 55,100,000 1,321,711 (3,708,368)
7-Year Interest Rate Swap Morgan Stanley Capital Services, Inc. 3 Month USD-LIBOR Receive 4.90% Jul 2009 USD 16,300,000 548,332 (1,862,963)
7-Year Interest Rate Swap Merrill Lynch Capital Services 3 Month USD-LIBOR Receive 4.40% Aug 2009 USD 3,100,000 102,300 (270,786)


  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.55% Aug 2009 USD 11,100,000 339,858 (1,054,618)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.40% Aug 2009 USD 20,400,000 667,948 (1,781,946)
  7-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 5.32% Aug 2009 USD 24,700,000 661,415 (3,367,808)
  7-Year Interest Rate Swap Merrill Lynch Capital Services 3 Month USD-LIBOR Receive 5.32% Aug 2009 USD 12,300,000 333,330 (1,677,086)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 5.32% Aug 2009 USD 5,400,000 149,715 (736,282)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 5.15% Sep 2009 USD 19,300,000 560,424 (2,443,191)
  30-Year Interest Rate Swap JPMorgan Chase Bank 3 Month USD-LIBOR Receive 4.65% Jan 2009 USD 4,200,000 55,230 (1,307,170)
                    184,000,000 $4,953,053 ($18,897,731)
  Puts                       
  2-Year Interest Rate Swap HSBC Bank USA, N.A. 6 Month EUR-LIBOR Receive 5.29% Jun 2009 EUR 7,700,000 $102,350 ($878)
  30-Year Interest Rate Swap Citibank N.A. 6 Month EUR-LIBOR Receive 5.20% Dec 2008 EUR 2,000,000 45,730 (1)
  30-Year Interest Rate Swap   JPMorgan Chase Bank 3 Month USD-LIBOR Receive 5.65% Jan 2009 USD 4,200,000 75,810 (2,156)
                    13,900,000 $223,890 ($3,035)
 
 
Real Return Bond Calls                      
  5-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 4.30% Feb 2009 USD 11,700,000 $308,295 ($817,487)
  5-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 4.15% Aug 2009 USD 200,000 5,020 (12,349)
  7-Year Interest Rate Swap Merrill Lynch Capital Services 3 Month USD-LIBOR Receive 3.50% May 2009 USD 8,000,000 168,000 (360,222)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 3.50% May 2009 USD 4,700,000 118,205 (211,630)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.55% Aug 2009 USD 800,000 24,494 (76,008)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.40% Aug 2009 USD 1,100,000 36,370 (96,085)
  7-Year Interest Rate Swap Goldman Sachs Capital Markets, L.P. 3 Month USD-LIBOR Receive 5.365% Sep 2010 USD 5,000,000 160,750 (636,799)
  7-Year Interest Rate Swap   Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 5.365% Sep 2010 USD 6,000,000 188,670 (764,158)
                    37,500,000 $1,009,804 ($2,974,738)
  Puts                      
  7-Year Interest Rate Swap Goldman Sachs Capital Markets, L.P. 3 Month USD-LIBOR Receive 5.365% Sep 2010 USD 5,000,000 $160,750 ($58,220)
  7-Year Interest Rate Swap   Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 5.365% Sep 2010 USD 6,000,000 188,670 (69,864)
                    11,000,000 $349,420 ($128,084)
 
 
Total Return Calls                      
  5-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 4.30% Feb 2009 USD 33,900,000 839,730 (2,368,617)
  5-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.20% Jul 2009 USD 9,000,000 198,900 (575,108)
  5-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 4.15% Aug 2009 USD 11,300,000 283,630 (697,746)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.30% Dec 2008 USD 90,500,000 2,321,033 (7,298,354)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.30% Dec 2008 USD 11,500,000 310,500 (927,415)
  7-Year Interest Rate Swap Royal Bank of Canada 3 Month USD-LIBOR Receive 4.60% Feb 2009 USD 17,200,000 552,120 (1,706,034)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.25% Feb 2009 USD 37,000,000 1,115,550 (2,908,585)
  7-Year Interest Rate Swap Merrill Lynch Capital Services 3 Month USD-LIBOR Receive 4.40% Aug 2009 USD 7,900,000 260,700 (690,067)
  7-Year Interest Rate Swap Royal Bank of Scotland PLC 3 Month USD-LIBOR Receive 4.55% Aug 2009 USD 28,900,000 $884,856 ($2,745,806)
  7-Year Interest Rate Swap   Royal Bank of Scotland PLC   3 Month USD-LIBOR Receive 4.40% Aug 2009 USD 52,900,000 1,732,233 (4,620,831)
                    300,100,000 $8,499,252 ($24,538,563)

Securities Lending The Funds, except Absolute Return and the American Funds, may lend portfolio securities from time to time in order to earn additional income. The Funds retain beneficial ownership of the securities it has loaned and continue to receive interest and dividends paid by the issuer of securities and to participate in any changes in their value. On the settlement date of the loan, the Funds receive cash collateral against the loaned securities and maintain the cash collateral in an amount not less than 102% of the market value of the loaned securities for U.S. equity and corporate securities and 105% for foreign equity and corporate securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required cash collateral is delivered to the Funds on the next business day. Cash collateral received is invested in the JHCIT. The Funds may receive compensation for lending their securities either in the form of fees, guarantees, and/or by retaining a portion of interest on the investment of any cash received as collateral. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. The Funds bear the risk in the event that invested collateral is not sufficient to meet obligations due on loans.

Mortgage Dollar Rolls All Funds, with the exception of the Absolute Return Portfolio, 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 account for such dollar rolls as purchases and sales and 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 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 counterparty 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.

Certain risks may arise upon entering into mortgage dollar rolls from the potential inability of counterparties to meet the terms of their commitments. Additionally, the value of such securities may change adversely before the Fund is able to repurchase them. There can be no assurance that the Fund's use of the cash that it receives from a mortgage dollar roll will provide a return that exceeds its costs.

Inflation -Indexed Bonds All Funds of the Trust with the exception of the Absolute Return Portfolio, may invest in inflation -indexed bonds. Inflation -indexed bonds are fixed-income securities whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation -indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation.

Short Sales Certain Funds may make short sales of securities. This means a Fund may sell a security that it does not own in anticipation of a decline in the market value of the security. The Fund generally borrows the security to deliver to the buyer in a short sale. The Fund must then buy the security at its market price when the borrowed security must be returned to the lender. Short sales involve costs and risk. The Fund must pay the lender interest on the security it borrows, and the Fund will lose money if the price of the security increases between the time of the short sale and the date when the Fund replaces the borrowed security. Certain of the Funds may also make short sales "against the box.'' In a short sale against the box, at the time of sale, the Fund owns or has the right to acquire the identical security, or one equivalent in kind or amount, at no additional cost.

Until a Fund closes its short position or replaces a borrowed security, the Fund will (i) segregate with its custodian cash or other liquid assets at such a level that the amount segregated plus the amount deposited with the lender as collateral will equal the current market value of the security sold short or (ii) otherwise cover its short position. Possible losses from short sales may be unlimited, whereas losses from purchases cannot exceed the total amount invested.

Futures All Funds may purchase and sell financial futures contracts and options on those contracts. The Funds may invest in contracts based on financial instruments such as U.S. Treasury Bonds or Notes or 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.

Initial margin deposits required upon entering into futures contracts are satisfied by the pledging of specific securities or cash as collateral at the broker (the Funds' agent in acquiring the futures position) . 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 November 30, 2008:

Fund Open Contracts Number of Contracts Position Expiration Date Notional Value Unrealized Appreciation (Depreciation)

All Cap Core Russell E-mini 2000 Index Futures 391 Long Dec 2008 $18,482,570 ($5,723,738)
  S&P 500 E-mini Futures 335 Long Dec 2008 14,996,275 1,010,904
            ($4,712,834)
 
Emerging Growth S&P 500 E-mini Futures 62 Long Dec 2008 $2,775,430 ($183,674)
            ($183,674)
 
Global Bond 10-Year Canada Government Bond Futures 21 Long Mar 2009 $2,040,058 $16,594
  10-Year German Euro-Bund Futures 9 Long Dec 2008 1,388,948 42,870
  90-Day Sterling Futures 28 Long Dec 2009 5,240,182 28,295
  90-Day Sterling Futures 22 Long Mar 2010 4,110,942 25,879
  90-Day Sterling Futures 22 Long Jun 2010 4,100,157 26,900
  EURIBOR Futures 375 Long Dec 2008 114,922,636 1,880,597
  EURIBOR Futures 40 Long Dec 2009 12,358,784 297,297
  Eurodollar Futures 194 Long Dec 2008 47,469,375 155,200
  Eurodollar Futures 85 Long Jun 2009 20,840,938 81,400
  Eurodollar Futures 336 Long Sep 2009 82,349,400 261,925
  Eurodollar Futures 863 Long Dec 2009 211,283,975 1,107,012
  Eurodollar Futures 452 Long Mar 2010 110,643,950 819,513
  Eurodollar Futures 353 Long Jun 2010 86,312,913 674,362
  Eurodollar Futures 50 Long Sep 2010 12,203,750 131,875
  U.K. Treasury 30-Year Bond Futures 28 Long Mar 2009 5,027,991 13,965
  U.S. Treasury 30-Year Bond Futures 296 Long Dec 2008 38,054,500 3,166,273
  U.S. Treasury 30-Year Bond Futures 34 Long Mar 2009 4,334,469 15,937
  2-Year German Euro-Schatz Futures 5 Short Mar 2009 678,764 953
  5-Year German Euro-Bobl Futures 82 Short Dec 2008 11,930,804 (230,970)
  10-Year Japan Government Bond Futures 3 Short Dec 2008 4,375,222 (36,099)
  Australia Treasury 10-Year Bond Futures 84 Short Dec 2008 6,128,376 (431,360)
  Australia Treasury 3-Year Bond Futures 123 Short Dec 2008 8,613,399 (397,917)
            $7,650,501
 
Index 500 S&P 500 Index Futures 250 Long Dec 2008 $55,956,250 $6,283,873
            $6,283,873
 
International Equity Index CAC 40 10 Euro Index Futures 42 Long Dec 2008 $1,741,702 ($481,638)
  DAX Index Futures 6 Long Dec 2008 889,890 (260,148)
  FTSE 100 Index Futures 32 Long Dec 2008 2,109,822 (384,419)
  FTSE/JSE Top 40 Index Futures 34 Long Dec 2008 660,200 (140,614)
  Hang Seng Stock Index Futures 4 Long Dec 2008 360,976 26,511
  IBEX 35 Index Futures 6 Long Dec 2008 679,400 44,307
  MSCI Taiwan Stock Index Futures 96 Long Dec 2008 1,621,440 83,517
  OMX 30 Stock Index Futures 67 Long Dec 2008 530,065 8,880
  S&P TSE 60 Index Futures 13 Long Dec 2008 1,180,503 (414,514)
  Share Price Index 200 Futures 17 Long Dec 2008 1,039,886 (292,155)
  Topix Index Futures 34 Long Dec 2008 2,965,261 (1,305,315)
            ($3,115,588)
 
Investment Quality Bond U.S. Treasury 10-Year Note Futures 1 Long Mar 2009 $120,969 $1,623

  U.S. Treasury 30-Year Bond Futures 17 Short Mar 2009 2,167,234 (21,028)
            ($19,405)
 
Mid Cap Index S&P Mid Cap 400 E-mini Index Futures 993 Long Dec 2008 $51,040,200 ($3,644,362)
            ($3,644,362)
 
Mid Cap Intersection S&P Mid Cap 400 E-mini Index Futures 80 Long Dec 2008 $4,112,000 $626,253
            $626,253
 
Real Return Bond 2-Year German Euro-Schatz Futures 91 Long Mar 2009 $12,353,511 $9,580
  90-Day Sterling Futures 195 Long Dec 2008 36,244,831 596,517
  90-Day Sterling Futures 51 Long Mar 2009 9,546,578 252,488
  90-Day Sterling Futures 239 Long Jun 2009 44,843,560 1,442,336
  EURIBOR Futures 76 Long Dec 2008 23,290,988 231,739
  EURIBOR Futures 58 Long Mar 2009 17,929,448 285,545
  EURIBOR Futures 275 Long Jun 2009 85,233,048 1,409,535
  EURIBOR Futures 62 Long Sep 2009 19,210,270 342,654
  EURIBOR Futures 62 Long Dec 2009 19,156,115 299,330
  Eurodollar Futures 376 Long Dec 2008 92,002,500 838,337
  Eurodollar Futures 666 Long Mar 2009 163,303,200 4,086,100
  Eurodollar Futures 827 Long Jun 2009 202,770,063 4,313,125
  Eurodollar Futures 825 Long Sep 2009 202,197,188 4,872,437
  Eurodollar Futures 141 Long Dec 2009 34,520,325 552,712
  Eurodollar Futures 207 Long Mar 2010 50,671,013 633,062
  Eurodollar Futures 15 Long Jun 2010 3,667,688 12,563
  U.S. Treasury 2-Year Note Futures 8 Long Mar 2009 1,734,500 5,625
  U.S. Treasury 10-Year Note Futures 7 Long Dec 2008 860,234 19,797
  10-Year German Euro-Bund Futures 223 Short Dec 2008 34,415,049 (2,026,610)
  10-Year Japan Government Bond Futures 21 Short Dec 2008 30,626,556 (275,610)
  U.K. Treasury 30-Year Bond Futures 37 Short Dec 2008 6,686,240 (330,419)
            $17,570,843
 
Small Cap Index Russell E-mini 2000 Index Futures 187 Long Dec 2008 $8,839,490 ($171,875)
            ($171,875)
 
Smaller Company Growth Russell E-mini 2000 Index Futures 35 Long Dec 2008 $1,654,450 $34,100
            $34,100
 
Spectrum Income 2-Year German Euro-Schatz Futures 47 Long Dec 2008 $6,361,874 $130,927
  5-Year German Euro-Bobl Futures 34 Long Dec 2008 4,946,919 177,893
  U.S. Treasury 10-Year Note Futures 36 Long Mar 2009 4,354,875 26,856
  U.S. Treasury 30-Year Bond Futures 7 Long Mar 2009 892,391 12,496
  10-Year Canada Government Bond Futures 30 Short Mar 2009 2,914,369 (35,801)
  10-Year German Euro-Bund Futures 1 Short Dec 2008 154,328 (7,369)
  Euro Currency Futures 24 Short Dec 2008 3,810,000 338,486
  U.K. Treasury 30-Year Bond Futures 5 Short Mar 2009 897,855 (308)
  U.S. Treasury 2-Year Note Futures 3 Short Mar 2009 650,438 (5,637)
  U.S. Treasury 5-Year Note Futures 17 Short Mar 2009 1,984,059 (28,729)

  U.S. Treasury 10-Year Note Futures 12 Short Dec 2008 1,474,688 (77,883)
            $530,931
 
Strategic Bond 10-Year German Euro-Bund Futures 197 Long Dec 2008 $30,402,532 $1,574,257
  90-Day Sterling Futures 38 Long Mar 2009 7,113,136 243,282
  Eurodollar Futures 5 Long Mar 2009 1,226,000 (835)
  Eurodollar Futures 159 Long Mar 2009 38,986,800 470,405
  Eurodollar Futures 123 Long Jun 2009 30,158,063 225,912
  Eurodollar Futures 25 Long Sep 2009 6,127,188 61,700
  U.K. Treasury 30-Year Bond Futures 14 Long Mar 2009 2,516,579 17,509
  U.S. Treasury 5-Year Note Futures 715 Long Mar 2009 83,448,321 1,174,314
  U.S. Treasury 30-Year Bond Futures 9 Long Mar 2009 1,147,359 46,928
  Euro Currency Futures 25 Short Dec 2008 3,968,750 393,731
  U.S. Treasury 10-Year Note Futures 551 Short Mar 2009 66,653,781 (1,554,901)
            $2,652,302
 
Total Return 90-Day Sterling Futures 310 Long Dec 2008 $57,619,987 $1,210,549
  90-Day Sterling Futures 646 Long Mar 2009 120,923,316 3,993,651
  90-Day Sterling Futures 433 Long Jun 2009 81,243,771 2,764,842
  90-Day Sterling Futures 37 Long Dec 2009 6,924,526 153,987
  EURIBOR Futures 150 Long Dec 2008 45,969,054 811,392
  EURIBOR Futures 101 Long Mar 2009 31,221,970 833,351
  EURIBOR Futures 60 Long Jun 2009 18,596,301 529,374
  Eurodollar Futures 4,064 Long Dec 2008 994,410,000 18,396,950
  Eurodollar Futures 2,350 Long Mar 2009 576,220,000 10,339,212
  Eurodollar Futures 1,298 Long Jun 2009 318,253,375 4,221,112
  Eurodollar Futures 629 Long Sep 2009 154,160,038 2,071,138
  Eurodollar Futures 517 Long Dec 2009 126,574,525 1,702,600
  Eurodollar Futures 375 Long Mar 2010 91,795,313 1,479,400
  Eurodollar Futures 18 Long Jun 2010 4,401,225 79,200
  Eurodollar Futures 18 Long Sep 2010 4,393,350 82,900
  U.S. Treasury 2-Year Notes Futures 50 Long Dec 2008 10,918,750 84,375
  U.S. Treasury 2-Year Notes Futures 31 Long Mar 2009 6,721,188 21,797
  U.S. Treasury 5-Year Note Futures 36 Long Dec 2008 4,296,375 173,531
  U.S. Treasury 5-Year Note Futures 11 Long Mar 2009 1,283,820 7,133
  U.S. Treasury 10-Year Note Futures 279 Short Dec 2008 34,286,484 (1,339,484)
            $47,617,010
 
U.S. Government Securities Eurodollar Futures 22 Long Dec 2008 $5,383,125 $52,690
  Eurodollar Futures 111 Long Mar 2009 27,217,200 331,905
  Eurodollar Futures 114 Long Sep 2009 27,939,975 389,830
  U.S. Treasury 2-Year Notes Futures 145 Long Mar 2009 31,437,813 277,472
  U.S. Treasury 5-Year Note Futures 554 Long Mar 2009 64,657,860 893,530
  U.S. Treasury 10-Year Note Futures 363 Short Mar 2009 43,911,656 (1,957,922)
  U.S. Treasury 30-Year Bond Futures 28 Short Mar 2009 3,569,563 (250,876)
            ($263,371)
 
U.S. Multi Sector S&P 500 E-mini Futures 1,012 Long Dec 2008 $45,302,180 $6,462,491

$6,462,491

Swap contracts

The Fund may enter into interest rate, credit default, cross- currency, and other forms of swap transactions to manage its exposure to credit, currency and interest rate risks or to enhance the Fund's income. Swap agreements are privately negotiated agreements between a Fund and a counterparty to exchange investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. In connection with these agreements, the fund will hold cash or identify securities equal to the net amount, if any, of the Fund's obligations with respect to the swap agreements to provide assets of value and recourse in the event of default or bankruptcy/insolvency.

Swaps are marked to market daily based upon values from third party vendors or quotations from market makers to the extent available and the change in value, if any, is recorded as an unrealized appreciation/depreciation of swap contracts on the Statements of Assets and Liabilities. In the event that market quotations are not readily available or deemed reliable, certain swap agreements may be valued at fair value as determined in good faith by the Trust's Pricing Committee in accordance with procedures adopted by the Board of Trustees.

Upfront payments made/received by the Fund period represent payments to compensate for differences between the stated terms of the swap agreement and prevailing market conditions including credit spreads, currency exchange rates, interest rates, and other relevant factors. The upfront payments are amortized or accreted for financial reporting purposes, with the unamortized/unaccreted portion included in values recorded on the Statements of Assets and Liabilities. A liquidation payment received or made at the termination of the swap is recorded as realized gain or loss on the Statements of Operations. Net periodic payments received or paid by a Fund are included as part of realized gains or losses on the Statements of Operations.

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of contractual terms in the agreements and that there may be unfavorable changes in interest rates. The Fund may also suffer losses if it is unable to terminate outstanding swap contracts or reduce its exposure through offsetting transactions.

Interest Rate Swap Agreements

Interest rate swaps represent an agreement between two counterparties to exchange cash flows based on the difference in the two interest rates, applied to the notional principal amount for a specified period. The payment flows are usually netted against each other, with the difference being paid by one party to the other. The Fund settles accrued net receivable or payable under the swap contracts on a periodic basis.

Certain forms of interest rate swap agreements may include: (i) interest rate caps, under which, in return for a premium, one party agrees to make payments to the other to the extent that interest rates exceed a specified rate, or "cap", (ii) interest rate floors, under which, in return for a premium, one party agrees to make payments to the other to the extent that interest rates fall below a specified rate, or "floor", (iii) interest rate collars, under which a party sells a cap and purchases a floor or vice versa in an attempt to protect itself against interest rate movements exceeding given minimum or maximum levels, (iv) callable interest rate swaps, under which the counterparty may terminate the swap transaction in whole at zero cost by a predetermined date and time prior to the expiration date, or (v) spreadlocks, which allow the interest rate swap users to lock in the forward differential (or spread) between the interest rate swap rate and a specified benchmark.

The Funds had the following interest rate swap contracts open at November 30, 2008:

              Unamortized Unrealized  
          Payments Received   Upfront Payment Appreciation  
Fund Counterparty Notional Amount Currency Payments Made by Fund by Fund Termination Date Made (Received) (Depreciation) Market Value
Global Bond                  
  Bank of America N.A. 12,500,000 CAD Fixed 4.250% 3 Month BA-CDOR Dec 2013 ($124,109) ($795,261) ($919,370)
  Bank of America N.A. 7,600,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (13,140) (2,847,844) (2,860,984)
  Barclays Bank PLC 30,900,000 EUR 6 Month EURIBOR Fixed 4.000% Sep 2009 (134,611) 125,723 (8,888)
  Barclays Bank PLC 29,300,000 USD 3 Month LIBOR Fixed 4.000% Dec 2013 137,710 1,514,224 1,651,934
  Barclays Bank PLC 5,900,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2014 36,468 507,125 543,593
  Barclays Bank PLC 30,000,000 SEK 3 Month STIBOR Fixed 4.500% Mar 2014 (31,230) 247,223 215,993
  Barclays Bank PLC 3,600,000 EUR 6 Month EURIBOR Fixed 4.500% Mar 2019 122,213 85,484 207,697
  Barclays Bank PLC 6,400,000 USD Fixed 4.000% 3 Month LIBOR Jun 2019 121,280 (546,872) (425,592)

 
Barclays Bank PLC 1,130,000,000 JPY Fixed 2.500% 6 Month LIBOR Dec 2027 (207,170) (1,207,655) (1,414,825)
Barclays Bank PLC 5,000,000 GBP Fixed 4.000% 6 Month LIBOR Dec 2035 360,540 (617,735) (257,195)
Barclays Bank PLC 9,200,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 167,140 (3,630,436) (3,463,296)
Barclays Bank PLC 8,900,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (466,250) (963,177) (1,429,427)
BNP Paribas 1,700,000 EUR Fixed 5.000% 6 Month EURIBOR Mar 2039 (20,100) (508,933) (529,033)
Citibank N.A 14,000,000 EUR 6 Month EURIBOR Fixed 3.500% Sep 2010 (35,385) 50,124 14,739
Citibank N.A 2,800,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2013 (106,122) 310,960 204,838
Citibank N.A 2,000,000 CAD Fixed 5.000% 3 Month BA-CDOR Jun 2015 (60,858) (192,507) (253,365)
Citibank N.A 1,300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 21,047 (510,426) (489,379)
Credit Suisse International 3,200,000 GBP 6 Month LIBOR Fixed 5.250% Mar 2014 (4,357) 354,721 350,364
Credit Suisse International 10,300,000 AUD 6 Month BBR-BBSW Fixed 7.250% Jun 2013 (13,114) 673,001 659,887
Credit Suisse International 9,700,000 GBP 6 Month LIBOR Fixed 5.000% Sep 2013 29,442 742,040 771,482
Deutsche Bank AG 9,400,000 AUD 6 Month BBR-BBSW Fixed 5.250% Mar 2011 2,594 138,753 141,347
Deutsche Bank AG 14,800,000 AUD 6 Month BBR-BBSW Fixed 7.250% Jun 2011 (46,532) 709,940 663,408
Deutsche Bank AG 400,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2013 (14,057) 43,335 29,278
Deutsche Bank AG 17,300,000 USD 3 Month LIBOR Fixed 4.000% Dec 2013 253,964 721,410 975,374
Deutsche Bank AG 5,400,000 AUD 6 Month BBR-BBSW Fixed 7.0% Jun 2014 139,072 184,612 323,684
Deutsche Bank AG 300,000 AUD Fixed 6.500% 6 Month BBR-BBSW Jun 2017 7,002 (25,643) (18,641)
Deutsche Bank AG 400,000,000 JPY Fixed 2.000% 6 Month LIBOR Dec 2017 (62,573) (158,544) (221,117)
Deutsche Bank AG 14,000,000 EUR 6 Month EURIBOR Fixed 4.250% Mar 2019 278,342 166,804 445,146
Deutsche Bank AG 900,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (73,665) (265,136) (338,801)
Goldman Sachs 7,800,000 EUR 6 Month EURIBOR Fixed 4.45% Mar 2014 1,897 434,627 436,524
Goldman Sachs 3,500,000 EUR Fixed 5.000% 6 Month EURIBOR Mar 2039 (244,313) (844,872) (1,089,185)
HSBC Bank 18,200,000 AUD 6 Month BBR-BBSW Fixed 6.000% Jun 2012 (110,574) 543,999 433,425
HSBC Bank 4,900,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2014 (18,056) 469,515 451,459
HSBC Bank 3,200,000 AUD Fixed 6.000% 6 Month BBR-BBSW Jun 2017 21,040 (142,121) (121,081)
HSBC Bank 600,000 GBP Fixed 5.500% 6 Month LIBOR Sep 2018 17,591 (123,128) (105,537)
JPMorgan Chase Bank 35,800,000 EUR 6 Month EURIBOR Fixed 3.00% Sep 2011 (4,233) - (4,233)
JPMorgan Chase Bank 9,900,000 EUR Fixed 3.750% 6 Month EURIBOR Sep 2016 26,107 - 26,107
JPMorgan Chase Bank 18,200,000 EUR 6 Month EURIBOR Fixed 4.500% Mar 2019 (311,879) 1,361,901 1,050,022
JPMorgan Chase Bank 5,600,000 CAD 3 Month BA-CDOR Fixed 5.750% Dec 2028 (14,011) 378,831 364,820
JPMorgan Chase Bank 20,700,000 EUR Fixed 5.000% 6 Month EURIBOR Mar 2039 (1,266,539) (5,175,211) (6,441,750)
Merrill Lynch Capital Services, Inc. 108,500,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (4,673,563) (12,752,600) (17,426,163)
Merrill Lynch Capital Services, Inc. 1,300,000 USD Fixed 4.000% 3 Month LIBOR Jun 2019 21,905 (108,353) (86,448)
Morgan Stanley Capital Services Inc. 123,900,000 EUR 6 Month EURIBOR Fixed 4.000% Sep 2009 (488,630) 430,245 (58,385)
Morgan Stanley Capital Services Inc. 1,190,000,000 JPY Fixed 1.500% 6 Month LIBOR Dec 2010 21,527 (192,375) (170,848)
Morgan Stanley Capital Services Inc. 3,400,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2013 (127,615) 376,347 248,732
Morgan Stanley Capital Services Inc. 1,300,000,000 JPY Fixed 1.980% 6 Month LIBOR Sep 2016 - (712,354) (712,354)
Morgan Stanley Capital Services Inc. 11,600,000 EUR 6 Month EURIBOR Fixed 6.000% Jun 2034 1,833,206 1,611,217 3,444,423
Morgan Stanley Capital Services Inc. 5,200,000 EUR 6 Month EURIBOR Fixed 4.500% Jun 2034 (363,869) 821,531 457,662
Morgan Stanley Capital Services Inc. 310,000,000 JPY Fixed 2.250% 6 Month LIBOR Jun 2036 40,823 (305,467) (264,644)
Morgan Stanley Capital Services Inc. 4,700,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (157,476) (1,611,816) (1,769,292)
Royal Bank of Scotland PLC 770,000,000 JPY 6 Month LIBOR Fixed 1.500% Dec 2013 128,161 - 128,161
Royal Bank of Scotland PLC 7,900,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (545,278) (2,428,639) (2,973,917)
Royal Bank of Scotland PLC 14,500,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2016 (2,460) 1,541,342 1,538,882
Royal Bank of Scotland PLC 8,000,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (547,192) (737,686) (1,284,878)
Royal Bank of Scotland PLC 26,300,000 USD Fixed 4.000% 3 Month LIBOR Jun 2019 291,828 (2,040,746) (1,748,918)
Royal Bank of Scotland PLC 1,700,000 EUR 6 Month EURIBOR Fixed 4.500% Jun 2034 (121,079) 270,699 149,620

Royal Bank of Scotland PLC 230,000,000 JPY Fixed 2.500% 6 Month LIBOR Jun 2036 57,494 (387,971) (330,477)
UBS AG 2,690,000,000 JPY 6 Month LIBOR Fixed 1.500% Jun 2013 (79,536) 579,366 499,830
UBS AG 390,000,000 JPY Fixed 2.000% 6 Month LIBOR Dec 2017 (61,203) (154,386) (215,589)
  UBS AG 45,700,000 AUD 6 Month BBR-BBSW Fixed 7.500% Mar 2011 (159,875) 2,116,174 1,956,299
          ($6,572,261) ($22,476,621) ($29,048,882)
 
Investment Quality Bond              
JPMorgan Chase Bank 2,480,000 USD Fixed 4.3175% 3 Month LIBOR Dec 2028 - ($450,545) ($450,545)
  JPMorgan Chase Bank 925,000 USD Fixed 3.9% 3 Month LIBOR Mar 2039 ($4) - (4)
          ($4) ($450,545) ($450,549)
 
Real Return Bond              
Bank of America N.A. 6,900,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 ($212,204) ($2,385,268) ($2,597,472)
Barclays Bank PLC 2,900,000 GBP 6 month LIBOR Fixed 5.000% Jun 2009 (7,536) 16,105 8,569
Barclays Bank PLC 5,500,000 EUR FRCPXTOB Fixed 2.138% Jun 2009 - 410,534 410,534
Barclays Bank PLC 12,900,000 AUD 6 Month BBR-BBSW Fixed 7.000% Dec 2009 6,422 274,803 281,225
Barclays Bank PLC 13,524,390 BRL CDI Fixed 10.680% Jan 2012 (135,258) (774,692) (909,950)
Barclays Bank PLC 589,306 BRL CDI Fixed 12.540% Jan 2012 (3,704) (17,300) (21,004)
Barclays Bank PLC 900,000 EUR FRCPXTOB Fixed 1.948% Mar 2012 419 46,307 46,726
Barclays Bank PLC 200,000 EUR FRCPXTOB Fixed 1.960% Apr 2012 - 10,367 10,367
Barclays Bank PLC 700,000 EUR FRCPXTOB Fixed 1.980% Apr 2012 - 36,452 36,452
Barclays Bank PLC 1,900,000 EUR FRCPXTOB Fixed 2.070% Sep 2012 - 113,570 113,570
Barclays Bank PLC 10,000,000 MXN 28-day Mexico Interbank TIIE Banxico Fixed 8.720% Sep 2016 - (29,667) (29,667)
Barclays Bank PLC 8,600,000 MXN 28-day Mexico Interbank TIIE Banxico Fixed 8.330% Feb 2017 - (41,683) (41,683)
Barclays Bank PLC 3,000,000 GBP UKRPI Fixed 3.250% Dec 2017 11,291 482,245 493,536
Barclays Bank PLC 1,600,000 AUD Fixed 6.750% 6 Month BBR-BBSW Dec 2017 1,164 (123,836) (122,672)
Barclays Bank PLC 6,200,000 USD Fixed 4.000% 3 Month LIBOR Jun 2019 117,490 (529,782) (412,292)
Barclays Bank PLC 4,600,000 USD Fixed 5.000% 3 Month LIBOR Dec 2028 (36,600) (1,261,649) (1,298,249)
Barclays Bank PLC 4,200,000 GBP Fixed 4.000% 6 month LIBOR Dec 2035 81,765 (297,809) (216,044)
Barclays Bank PLC 1,100,000 GBP Fixed 5.000% 6 Month LIBOR Mar 2039 (111,694) (289,411) (401,105)
Barclays Bank PLC 8,700,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 227,853 (1,625,158) (1,397,305)
Barclays Bank PLC 15,300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (1,061,415) (4,698,196) (5,759,611)
BNP Paribas 2,200,000 EUR FRCPXTOB Fixed 2.040% Feb 2011 - 127,371 127,371
BNP Paribas 3,600,000 EUR FRCPXTOB Fixed 1.988% Dec 2011 - 204,304 204,304
BNP Paribas 1,400,000 EUR FRCPXTOB Fixed 1.983% Mar 2012 2,872 75,860 78,732
Citibank N.A 3,500,000 AUD 6 Month BBR-BBSW Fixed 6.500% Jan 2010 (1,906) 50,538 48,632
Citibank N.A 2,000,000 EUR FRCPXTOB Fixed 2.110% Nov 2012 - 127,321 127,321
Citibank N.A 4,400,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 103,172 (1,759,531) (1,656,359)
Credit Suisse International 5,600,000 GBP 6 month LIBOR Fixed 5.000% Sep 2010 (88,300) 322,802 234,502
Credit Suisse International 2,200,000 GBP Fixed 4.000% 6 month LIBOR Dec 2035 46,498 (159,664) (113,166)
Deutsche Bank AG 13,800,000 AUD 6 Month BBR-BBSW Fixed 6.500% Jan 2010 (6,498) 199,737 193,239
Deutsche Bank AG 10,800,000 EUR 6 Month EURIBOR Fixed 4.500% Mar 2010 (3,804) 167,933 164,129
Deutsche Bank AG 12,900,000 GBP 6 month LIBOR Fixed 6.000% Mar 2010 154,153 474,431 628,584
Deutsche Bank AG 50,000,000 AUD 6 Month BBR-BBSW Fixed 7.000% Jun 2010 2,410 1,343,645 1,346,055
Deutsche Bank AG 5,700,000 USD 3 month LIBOR Fixed 4.000% Jun 2010 38,475 70,954 109,429
Deutsche Bank AG 6,700,000 USD Fixed 5.000% 3 month LIBOR Dec 2021 419,302 (1,801,334) (1,382,032)
Deutsche Bank AG 1,000,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (81,850) (294,595) (376,445)

  Goldman Sachs 2,600,000 EUR 6 Month EURIBOR Fixed 4.500% Mar 2011 (5,471) 102,142 96,671
  Goldman Sachs 1,300,000 EUR FRCPXTOB Fixed 1.976% Dec 2011 (1,682) 74,183 72,501
  Goldman Sachs 500,000 EUR FRCPXTOB Fixed 1.960% Mar 2012 - 27,261 27,261
  Goldman Sachs 5,000,000 GBP 6 month LIBOR Fixed 5.000% Mar 2013 29,302 336,455 365,757
  Goldman Sachs 2,600,000 GBP UKRPI Fixed 3.110% Jan 2018 - 424,014 424,014
  Goldman Sachs 1,000,000 USD CPI -U Fixed 2.970% Mar 2018 - 157,354 157,354
  Goldman Sachs 900,000 GBP Fixed 5.000% 6 Month LIBOR Mar 2039 (103,298) (224,879) (328,177)
  HSBC Bank 1,500,000 GBP Fixed 4.250% 6 month LIBOR Jun 2036 - (179,772) (179,772)
  JPMorgan Chase Bank 2,300,000 AUD 6 Month BBR-BBSW Fixed 6.500% Jan 2010 (798) 33,004 32,206
  JPMorgan Chase Bank 2,700,000 EUR FRCPXTOB Fixed 2.028% Oct 2011 - 170,180 170,180
  JPMorgan Chase Bank 2,800,000 EUR FRCPXTOB Fixed 1.976% Dec 2011 - 151,969 151,969
  JPMorgan Chase Bank 1,500,000 EUR FRCPXTOB fixed 2.353% Oct 2016 - 20,092 20,092
  Merrill Lynch Capital Services, Inc. 5,200,000 USD Fixed 6.0% 3 Month LIBOR Dec 2008 (103,117) (630,927) (734,044)
  Merrill Lynch Capital Services, Inc. 5,500,000 USD 3 Month LIBOR Fixed 4.000% Jun 2010 (22,220) 127,809 105,589
  Merrill Lynch Capital Services, Inc. 6,010,916 BRL CDI Fixed 12.540% Jan 2012 (29,502) (184,744) (214,246)
  Merrill Lynch Capital Services, Inc. 3,200,000 USD 3 month LIBOR Fixed 5.000% Dec 2015 256,160 145,561 401,721
  Merrill Lynch Capital Services, Inc. 18,300,000 USD Fixed 5.000% 3 month LIBOR Dec 2023 (75,308) (3,976,621) (4,051,929)
  Merrill Lynch Capital Services, Inc. 28,200,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (458,490) (10,157,265) (10,615,755)
  Morgan Stanley Capital Services Inc. 2,700,000,000 JPY 6 month LIBOR Fixed 1.000% Mar 2009 (11,005) 11,771 766
  Morgan Stanley Capital Services Inc. 13,600,000 AUD 6 Month BBR-BBSW Fixed 7.000% Dec 2009 7,301 289,184 296,485
  Morgan Stanley Capital Services Inc. 14,100,000 GBP 6 month LIBOR Fixed 5.000% Dec 2009 (36,712) 469,384 432,672
  Morgan Stanley Capital Services Inc. 10,800,000 EUR 6 Month EURIBOR Fixed 4.500% Mar 2010 (3,830) 169,974 166,144
  Morgan Stanley Capital Services Inc. 4,301,930 BRL CDI Fixed 12.540% Jan 2012 (16,189) (137,144) (153,333)
  Morgan Stanley Capital Services Inc. 5,652,056 BRL CDI Fixed 10.115% Jan 2012 (117,966) (324,988) (442,954)
  Morgan Stanley Capital Services Inc. 1,700,000 AUD Fixed 6.750% 6 Month BBR-BBSW Dec 2017 606 (130,946) (130,340)
  Morgan Stanley Capital Services Inc. 5,100,000 USD CPURNSA Fixed 2.980% Mar 2018 - 743,638 743,638
  Morgan Stanley Capital Services Inc. 6,800,000 USD Fixed 5.000% 3 Month LIBOR Dec 2028 41,140 (1,960,290) (1,919,150)
  Morgan Stanley Capital Services Inc. 2,800,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (180,061) (873,986) (1,054,047)
  Royal Bank of Canada 1,400,000 AUD 6 Month BBR-BBSW Fixed 6.500% Jan 2010 (898) 20,351 19,453
  Royal Bank of Scotland PLC 8,500,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (586,691) (2,613,093) (3,199,784)
  Royal Bank of Scotland PLC 2,500,000 USD Fixed 5.5% 3 Month LIBOR May 2009 96,414 (348,450) (252,036)
  Royal Bank of Scotland PLC 30,800,000 USD 3 Month LIBOR Fixed 4.000% Jun 2010 (129,899) 721,197 591,298
  Royal Bank of Scotland PLC 6,600,000 GBP 6 month LIBOR Fixed 5.000% Sep 2010 (108,318) 388,715 280,397
  Royal Bank of Scotland PLC 300,000 EUR FRCPXTOB Fixed 1.955% Mar 2012 - 15,168 15,168
  Royal Bank of Scotland PLC 1,000,000 EUR FRCPXTOB Fixed 1.950% Mar 2012 - 50,085 50,085
  Royal Bank of Scotland PLC 4,900,000 GBP UKRPI Fixed 3.183% Dec 2017 3,910 800,480 804,390
  Royal Bank of Scotland PLC 8,000,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (423,504) (861,374) (1,284,878)
  Royal Bank of Scotland PLC 26,600,000 USD Fixed 4.000% 3 Month LIBOR Jun 2019 291,574 (2,060,442) (1,768,868)
  Royal Bank of Scotland PLC 1,700,000 USD Fixed 5.000% 3 Month LIBOR Dec 2023 (21,675) (354,734) (376,409)
  Royal Bank of Scotland PLC 1,100,000 GBP UKRPI Fixed 3.440% Sep 2027 - 77,680 77,680
  UBS AG 2,300,000 EUR FRCPXTOB Fixed 2.095% Oct 2011 - 156,923 156,923
  UBS AG 1,600,000 EUR Fixed 2.275% FRCPXTOB Oct 2016 - (28,571) (28,571)
  UBS AG 1,600,000 EUR FRCPXTOB Fixed 2.350% Oct 2016 - 28,577 28,577
              ($2,247,710) ($30,869,371) ($33,117,081)
 
Spectrum Income                  
  JPMorgan Chase Bank 232,000,000 KRW 3M KW-CDC Fixed 5.055% Jun 2012 - $4,034 $4,034
  JPMorgan Chase Bank 593,000,000 KRW 3M KW-CDC Fixed 5.200% Jun 2012 - 12,375 12,375

  JPMorgan Chase Bank 592,000,000 KRW 3M KW-CDC Fixed 5.180% Jun 2012 - 12,075 12,075
  JPMorgan Chase Bank 810,000,000 KRW 3M KW-CDC Fixed 5.285% Jun 2012 - 18,877 18,877
  JPMorgan Chase Bank 850,000 USD 3 Month LIBOR Fixed 4.201% Nov 2015 - 63,853 63,853
              - $111,214 $111,214
 
Total Return                  
  Bank of America N.A. 18,500,000 USD 3 Month LIBOR Fixed 4.000% Dec 2010 $361,305 $324,336 $685,641
  Bank of America N.A. 8,500,000 USD Fixed 5.000% 3 Month LIBOR Dec 2028 103,568 (2,502,506) (2,398,938)
  Bank of America N.A. 15,300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 151,192 (5,910,804) (5,759,612)
  Barclays Bank PLC 9,700,000 GBP 6 Month LIBOR Fixed 6.000% Dec 2008 2,304 (18,451) (16,147)
  Barclays Bank PLC 5,400,000 GBP 6 Month LIBOR Fixed 6.000% Mar 2009 7,288 (10,558) (3,270)
  Barclays Bank PLC 5,800,000 GBP 6 Month LIBOR Fixed 5.000% Jun 2009 (49,255) 64,766 15,511
  Barclays Bank PLC 5,563,788 BRL CDI Fixed 11.360% Jan 2010 - (96,443) (96,443)
  Barclays Bank PLC 4,500,000 USD 3 Month LIBOR Fixed 4.000% Dec 2010 5,265 73,400 78,665
  Barclays Bank PLC 500,000 EUR FRCPXTOB Fixed 1.960% Apr 2012 - 25,917 25,917
  Barclays Bank PLC 1,200,000 GBP Fixed 4.000% 6 Month LIBOR Dec 2036 136,292 (206,991) (70,699)
  BNP Paribas 6,800,000 USD 3 Month LIBOR Fixed 0.710% Feb 2009 2,882 (23,079) (20,197)
  BNP Paribas 13,400,000 USD 3 Month LIBOR Fixed 0.763% Feb 2014 2,948 2,769 5,717
  BNP Paribas 3,500,000 EUR 6 Month EURIBOR Fixed 4.5% Mar 2014 (52,590) 258,453 205,863
  Citibank N.A 5,300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 81,499 (2,076,659) (1,995,160)
  Credit Suisse International 1,100,000 GBP 6 Month LIBOR Fixed 5.000% Jun 2009 (6,223) 9,165 2,942
  Credit Suisse International 40,000,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (3,470,000) (11,587,808) (15,057,808)
  Deutsche Bank AG 5,800,000 GBP 6 Month LIBOR Fixed 6.000% Dec 2008 1,503 (11,158) (9,655)
  Deutsche Bank AG 12,700,000 USD 3 Month LIBOR Fixed 4.000% Jun 2011 400,262 26,405 426,667
  Deutsche Bank AG 2,900,000 AUD 6 Month BBR-BBSW Fixed 7.000% Mar 2013 18,130 132,192 150,322
  Deutsche Bank AG 1,400,000 GBP 6 Month LIBOR Fixed 5.000% Mar 2014 704 128,284 128,988
  Deutsche Bank AG 4,000,000 AUD Fixed 6.500% 6 Month BBR-BBSW Mar 2018 (29,673) (69,967) (99,640)
  Deutsche Bank AG 4,300,000 GBP Fixed 4.000% 6 Month LIBOR Dec 2036 1,153,948 (1,407,288) (253,340)
  Goldman Sachs 1,000,000 GBP 6 Month LIBOR Fixed 5.250% Mar 2014 (195) 109,684 109,489
  Goldman Sachs 22,700,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (750,945) (2,894,897) (3,645,842)
  HSBC Bank 500,000 USD CDI Fixed 14.765% Jan 2012 3,119 (4,850) (1,731)
  HSBC Bank 3,500,000 GBP 6 Month LIBOR Fixed 5.000% Sep 2013 34,360 243,276 277,636
  HSBC Bank 2,100,000 GBP Fixed 4.000% 6 Month LIBOR Dec 2036 312,517 (436,241) (123,724)
  Merrill Lynch Capital Services, Inc. 1,895,805 BRL CDI Fixed 12.948% Jan 2010 468 82 550
  Merrill Lynch Capital Services, Inc. 5,137,162 BRL CDI Fixed 11.430% Jan 2010 - (85,000) (85,000)
  Merrill Lynch Capital Services, Inc. 19,300,000 USD 3 Month LIBOR Fixed 4.000% Jun 2011 435,022 213,377 648,399
  Merrill Lynch Capital Services, Inc. 4,640,114 BRL CDI Fixed 11.980% Jan 2012 - (205,219) (205,219)
  Merrill Lynch Capital Services, Inc. 1,600,000 USD CDI Fixed 14.765% Jan 2012 6,304 (11,842) (5,538)
  Merrill Lynch Capital Services, Inc. 700,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (34,419) (78,008) (112,427)
  Merrill Lynch Capital Services, Inc. 400,000 GBP Fixed 4.000% 6 Month LIBOR Dec 2035 - (20,576) (20,576)
  Merrill Lynch Capital Services, Inc. 6,300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (138,859) (2,232,746) (2,371,605)
  Morgan Stanley Capital Services Inc. 3,480,412 BRL Brazil Cetip Interbank Deposit Fixed 12.670% Jan 2010 (3,955) (16,707) (20,662)
  Morgan Stanley Capital Services Inc. 4,626,792 BRL CDI Fixed 12.780% Jan 2010 1,216 (9,342) (8,126)
  Morgan Stanley Capital Services Inc. 20,300,000 USD 3 Month LIBOR Fixed 4.000% Jun 2010 (54,506) 444,225 389,719
  Morgan Stanley Capital Services Inc. 300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2018 (14,447) (33,736) (48,183)
  Morgan Stanley Capital Services Inc. 2,000,000 USD Fixed 5.000% 3 Month LIBOR Dec 2028 (20,000) (544,456) (564,456)
  Morgan Stanley Capital Services Inc. 4,300,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 87,978 (1,706,692) (1,618,714)
  Royal Bank of Scotland PLC 5,100,000 GBP 6 Month LIBOR Fixed 6.000% Mar 2009 13,876 (16,965) (3,089)

Royal Bank of Scotland PLC 27,600,000 USD 3 Month LIBOR Fixed 4.000% Jun 2010 (64,722) 594,587 529,865
Royal Bank of Scotland PLC 15,500,000 USD 3 Month LIBOR Fixed 4.000% Jun 2011 354,640 166,095 520,735
Royal Bank of Scotland PLC 2,000,000 EUR FRCPXTOB Fixed 1.955% Mar 2012 - 101,122 101,122
Royal Bank of Scotland PLC 3,400,000 EUR FRCPXTOB Fixed 1.950% Mar 2012 - 170,288 170,288
Royal Bank of Scotland PLC 2,500,000 GBP 6 Month LIBOR Fixed 5.250% Mar 2014 (1,948) 275,670 273,722
Royal Bank of Scotland PLC 2,900,000 USD Fixed 5.000% 3 Month LIBOR Dec 2028 20,532 (838,993) (818,461)
Royal Bank of Scotland PLC 3,300,000 GBP Fixed 4.000% 6 Month LIBOR Dec 2036 472,443 (666,867) (194,424)
Royal Bank of Scotland PLC 7,000,000 USD Fixed 5.000% 3 Month LIBOR Dec 2038 (172,063) (2,463,053) (2,635,116)
UBS AG 3,200,000 AUD 3 Month BBR-BBSW Fixed 7.500% Mar 2010 (8,927) 91,090 82,163
UBS AG 3,256,632 BRL Brazil Cetip Interbank Deposit Fixed 12.410% Jun 2010 (4,949) (16,032) (20,981)
UBS AG 50,100,000 AUD 3 Month BBR-BBSW Fixed 7.000% Jun 2010 157,179 916,384 1,073,563
UBS AG 20,200,000 AUD 6 Month BBR-BBSW Fixed 7.500% Mar 2011 85,490 779,220 864,710
UBS AG 5,675,096 BRL CDI Fixed 10.575% Jan 2012 (117,891) (274,260) (392,151)
               ($581,333) ($31,327,407) ($31,908,740)

The Funds had the following interest rate caps and floors open at November 30, 2008:

                  UNAMORTIZED    
        PAY/RECEIVE         UPFRONT UNREALIZED  
    NOTIONAL   FLOATING       TERMINATION PAYMENT MADE APPRECIATION  
FUND COUNTERPARTY AMOUNT CURRENCY RATE    FLOATING RATE INDEX CAP/FLOOR STRIKE RATE DATE (RECEIVED) (DEPRECIATION) MARKET VALUE
Global Bond                      
  Merrill Lynch Capital Services, Inc. 5,000,000 USD Receive *   USD-CMM30-FNMA rate Cap 5.500% May 2009 $22,580 ($532,953) ($510,373)
                  $22,580 ($532,953) ($510,373)
 
 
Total Return                      
  JPMorgan Chase 3,700,000 EUR Pay 10/2-Year CMS EUR-ISDA EURIBOR rate spread   Floor (0.750%) Dec 2008 ($53,646) $53,646 $0
  Merrill Lynch Capital Services, Inc. 4,600,000 USD Receive * USD-CMM30-FNMA rate Cap 5.000% Feb 2009 314,586 (535,746) (221,160)
  Merrill Lynch Capital Services, Inc. 5,600,000 USD Receive * USD-CMM30-FNMA rate Cap 5.500% May 2009 25,290 (596,908) (571,618)
                     $286,230 ($1,079,008) ($792,778)

* The Fund will receive payment if the floating rate index is above the strike rate. If the floating rate index is below the strike rate, the Fund will pay the counterparty.

Credit Default Swap Agreements

Credit default swaps (CDS) involve the exchange of a fixed rate premium (paid by "the Buyer") for protection against the loss in value of an underlying debt instrument, referenced entity or index in the event of a defined credit event (such as payment default or bankruptcy) . Under the terms of the swap, one party acts as a "guarantor" (the Seller) receiving a periodic payment that is a fixed percentage applied to a notional principal amount. In return, the party agrees to remedies which are specified within the credit default agreement and are dependent on the referenced obligation, entity or credit index. The Fund may enter into CDS in which the Fund may act as the Buyer or Seller. By acting as the Seller, the Fund effectively adds leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the swap.

If the Fund is the Seller and a credit event occurs, the Fund will either pay to the Buyer the notional amount of the swap and take delivery of the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. If the Fund is The Buyer of protection and a credit event occurs the Fund will either

receive an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.

CDS agreements on corporate issues, sovereign issues of an emerging country and asset-backed securities involve the Buyer making a stream of payments to the Seller in exchange for the right to receive a specified return in the event of a default or other credit event. If a credit event occurs on corporate issues or sovereign issues of an emerging country and cash settlement is not elected, a variety of other deliverable obligations may be delivered in lieu of the specific referenced obligation. The ability to deliver other obligations may result in a cheapest -to-deliver option (the Buyer's right to choose the deliverable obligation with the lowest value following a credit event). Deliverable obligations on CDS on asset-backed securities would be limited to the specific referenced obligation as performance for asset-backed securities can vary across deals. Prepayments, principal paydowns, and other write down or loss events on the underlying mortgage loans will reduce the outstanding principal balance of the referenced obligation. These reductions may be temporary or permanent as defined under the terms of the swap agreement and the notional amount for the swap agreement will be adjusted by corresponding amounts The Fund may use CDS on these types of securities to provide a measure of protection against defaults of the issuers or to take an active long or short position with respect to the likelihood of a particular issuer's default.

CDS agreements on credit indices involve the Buyer making a stream of payments to the seller in exchange for the right to receive a specified return in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising the credit index. A credit index is a list of a basket of credit instruments or exposures designed to be representative of some part of the credit market as a whole. These indices are made up of reference credits that are judged by a poll of dealers to be the most liquid entities in the CDS market based on the sector of the index. Components of the indices may include, but are not limited to, investment grade securities, high yield securities, asset backed securities, emerging markets, and/or various credit ratings within each sector. Credit indices are traded using CDS with standardized terms including a fixed spread and standard maturity dates. An index CDS references all the names in the index, and if there is a default, the credit event is settled based on that name's weight in the index. The composition of the indices changes periodically, usually every six months, and for most indices, each name has an equal weight in the index. The Fund may use CDS on credit indices to hedge a portfolio of CDS or bonds with a CDS on indices which is less expensive than it would be to buy many CDS to achieve a similar effect. CDS on indices are benchmarks for protecting investors owning bonds against default, and traders use them to speculate on changes in credit quality.

Implied credit spreads, represented in absolute terms, utilized in determining the market value of CDS agreements on corporate issues or sovereign issues of an emerging country as of period end are disclosed in the footnotes to the Schedules of Investments and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. For CDS agreements on asset-backed securities and credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/performance risk. Wider credit spreads and increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

The maximum potential amount of future payments (undiscounted) that the Fund as the Seller could be required to make under a CDS agreement would be an amount equal to the notional amount of the agreement. Notional amounts of all CDS agreements outstanding as of November 30, 2008 for which the Fund is the Seller are disclosed in the table below. These potential amounts would be partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering into the agreement, or net amounts received from the settlement of buy protection CDS agreements entered into by the Fund for the same referenced entity or entities.

The Funds had the following credit default swap contracts open at November 30, 2008:

                Implied Credit      
                Spread at Unamortized Unrealized  
      Notional     (Pay)/Received   November 31, Upfront Payment Appreciation  
Fund Reference Obligation Issuer Amount Currency Buy/Sell Protection † Fixed Rate Maturity Date 2008 Paid (Received) (Depreciation) Market Value
Global Bond                      
  Bank of America N.A. GMAC LLC 600,000 USD Sell 8.850 % Mar 2009 57.449% - ($70,687) ($70,687)
  Bank of America N.A. Rio Tinto Alcan, Inc. 700,000 USD Buy (0.290)% Mar 2011 n/a - 23,616 23,616
  Bank of America N.A. Consumers Energy Company 900,000 USD Buy (0.090)% Mar 2012 n/a - 87,057 87,057
  Bank of America N.A. Global Santa Fe Corp. 1,100,000 USD Buy (0.455)% Jun 2012 n/a - 9,923 9,923
  Bank of America N.A. Loews Corp. 300,000 USD Buy (0.120)% Jun 2012 n/a - 9,391 9,391
  Bank of America N.A. Xstrata Canada Corp. 3,000,000 USD Buy (0.910)% Jun 2012 n/a - 170,240 170,240
  Bank of America N.A. Ford Motor Credit Company, LLC 1,000,000 USD Sell 3.950 % Dec 2012 36.842% - (531,086) (531,086)
  Bank of America N.A. Vivendi 2,000,000 USD Buy (1.280)% Jun 2013 n/a - 10,867 10,867
  Bank of America N.A. Morgan Stanley 2,000,000 USD Buy (1.100)% Jun 2015 n/a - 261,378 261,378
  Bank of America N.A. The Home Depot, Inc. 1,000,000 USD Buy (1.100)% Mar 2016 n/a - 96,959 96,959

Bank of America N.A. Lafarge 2,000,000 USD Buy (1.690)% Sep 2016 n/a - 576,270 576,270
Bank of America N.A. Dow Jones CDX.NA.IG.7 5,465,600 USD Buy (0.650)% Dec 2016 n/a ($32,325) 563,145 530,820
Bank of America N.A. Intuit INC. 2,000,000 USD Buy (1.380)% Mar 2017 n/a - (23,337) (23,337)
Bank of America N.A. McKesson Corp. 600,000 USD Buy (0.380)% Mar 2017 n/a - 17,075 17,075
Bank of America N.A. Autozone, Inc. 1,000,000 USD Buy (0.600)% Jun 2017 n/a - 90,990 90,990
Bank of America N.A. CDX.NA.IG.8 7,027,200 USD Buy (0.600)% Jun 2017 n/a 91,814 655,422 747,236
Barclays Bank PLC SLM Corp. 900,000 USD Sell 4.000 % Mar 2009 12.904% - (16,986) (16,986)
Barclays Bank PLC XL Capital Ltd. 700,000 USD Buy (0.310)% Mar 2012 n/a - 141,308 141,308
  Itraxx Europe Sub Financials                  
Barclays Bank PLC Series 8 Version 1 7,800,000 EUR Buy (0.700)% Dec 2012 n/a 8,157 297,545 305,702
Barclays Bank PLC Kingdom of Spain 17,600,000 USD Sell 0.260 % Mar 2013 0.982% - (502,379) (502,379)
Barclays Bank PLC Autozone, Inc. 2,000,000 USD Buy (0.875)% Jun 2013 n/a - 84,889 84,889
Barclays Bank PLC CDX.NA.IG.10 18,153,600 USD Buy (1.550)% Jun 2013 n/a (135,751) 786,845 651,094
Barclays Bank PLC The Goldman Sachs Group, Inc 400,000 USD Buy (1.520)% Jun 2013 n/a - 22,410 22,410
  Deutsche Bank                  
Barclays Bank PLC Aktiengesellschaft 1,800,000 USD Buy (0.760)% Sep 2013 n/a - 21,439 21,439
Barclays Bank PLC Wachovia Bank 400,000 USD Buy (2.700)% Sep 2013 n/a - (15,299) (15,299)
Barclays Bank PLC Bank of America Corp. 1,500,000 USD Buy (1.700)% Dec 2013 n/a - 9,530 9,530
  JP Morgan Chase &                  
Barclays Bank PLC Companympany 1,400,000 USD Buy (1.550)% Dec 2013 n/a - (495) (495)
  JP Morgan Chase &                  
Barclays Bank PLC Companympany 500,000 USD Buy (1.450)% Dec 2013 n/a - 2,283 2,283
Barclays Bank PLC Norfolk Southern 2,000,000 USD Buy (0.450)% Sep 2014 n/a - 89,487 89,487
  Itraxx Europe Hivol Series 6                  
Barclays Bank PLC Version 1 1,200,000 EUR Buy (0.850)% Dec 2016 n/a (7,173) 240,681 233,508
Barclays Bank PLC Southwest Airlines Co. 500,000 USD Buy (0.640)% Mar 2017 n/a - 89,876 89,876
Barclays Bank PLC CDX.NA.IG.8 3,123,200 USD Buy (0.600)% Jun 2017 n/a 103,691 228,394 332,085
Barclays Bank PLC CDX.NA.IG.8 21,569,600 USD Buy (0.600)% Jun 2017 n/a 251,202 2,042,396 2,293,598
Barclays Bank PLC Citigroup, Inc. 6,000,000 USD Buy (0.870)% Jun 2018 n/a - 600,789 600,789
Barclays Bank PLC Citigroup, Inc. 2,700,000 USD Buy (1.350)% Sep 2018 n/a - 178,474 178,474
Barclays Bank PLC Wells Fargo & Company 3,300,000 USD Buy (1.030)% Sep 2018 n/a - 137,851 137,851
Bear Stearns CNA Financial Corp. 500,000 USD Buy (0.440)% Sep 2011 n/a - 56,382 56,382
Bear Stearns HJ Heinz Finance Co. 600,000 USD Buy (0.370)% Mar 2012 n/a - 8,730 8,730
Bear Stearns Diamond Offshore Drilling, Inc. 300,000 USD Buy (0.230)% Jun 2012 n/a - 10,173 10,173
Bear Stearns Nisource Finance Corp. 200,000 USD Buy (0.620)% Sep 2014 n/a - 40,420 40,420
Bear Stearns Loews Corp. 200,000 USD Buy (0.330)% Mar 2016 n/a - 9,677 9,677
Bear Stearns Sprint Nextel Corp. 1,000,000 USD Buy (1.065)% Dec 2016 n/a - 351,430 351,430
  Itraxx Europe Hivol Series 6                  
BNP Paribas Version 1 1,500,000 EUR Buy (0.850)% Dec 2016 n/a (8,775) 300,661 291,886
  JP Morgan Chase &                  
BNP Paribas Companympany 2,000,000 USD Buy (0.560)% Dec 2017 n/a - 148,503 148,503
  JP Morgan Chase &                  
BNP Paribas Companympany 1,800,000 USD Buy (0.737)% Mar 2018 n/a - 112,209 112,209
  The Bear Stearns Companies,                  
BNP Paribas Inc. 2,000,000 USD Buy (2.180)% Mar 2018 n/a - (94,213) (94,213)
Citibank N.A Ford Motor Credit Company, LLC 2,100,000 USD Sell 7.500 % Mar 2009 64.127% - (295,757) (295,757)
Citibank N.A GMAC LLC 500,000 USD Sell 8.650 % Mar 2009 57.449% - (59,378) (59,378)
Citibank N.A SLM Corp. 1,400,000 USD Sell 4.300 % Mar 2009 12.904% - (24,346) (24,346)
Citibank N.A Newell Rubbermaid, Inc 600,000 USD Buy (0.130)% Jun 2010 n/a - 12,473 12,473
Citibank N.A Sara Lee Corp. 500,000 USD Buy (0.330)% Sep 2011 n/a - 5,120 5,120
Citibank N.A Autozone, Inc. 500,000 USD Buy (0.680)% Dec 2012 n/a - 22,206 22,206
Citibank N.A HSBC Finance Corp. 1,700,000 USD Buy (0.430)% Mar 2014 n/a - 353,927 353,927

Citibank N.A Nabors Industries, Inc. 2,000,000 USD Buy (0.820)% Mar 2018 n/a - 211,832 211,832
Citibank N.A Pearson PLC 1,000,000 USD Buy (0.690)% Jun 2018 n/a - 15,260 15,260
Credit Suisse International GAZPROM 1,500,000 USD Sell 1.330 % Dec 2008 11.008% - (608) (608)
Credit Suisse International Russian Federation 1,000,000 USD Sell 0.450 % Jan 2009 9.741% - (11,559) (11,559)
Credit Suisse International Johnson Controls, Inc. 600,000 USD Buy (0.240)% Mar 2011 n/a - 57,915 57,915
Credit Suisse International Sealed Air Corp. 700,000 USD Buy (0.500)% Sep 2013 n/a - 119,899 119,899
Credit Suisse International JP Morgan Chase & Company 600,000 USD Buy (1.500)% Dec 2013 n/a - 1,328 1,328
Credit Suisse International Masco Corp. 700,000 USD Buy (0.907)% Dec 2016 n/a - 142,274 142,274
Credit Suisse International ABX.HE.AA.06-1 800,000 USD Sell 0.320 % Jul 2045 n/a (285,169) (260,632) (545,801)
Deutsche Bank AG GMAC LLC 700,000 USD Sell 9.500 % Mar 2009 57.449% - (80,317) (80,317)
Deutsche Bank AG SLM Corp. 2,000,000 USD Sell 3.050 % Mar 2009 12.904% - (47,138) (47,138)
Deutsche Bank AG J.C. Penney Company 800,000 USD Buy (0.270)% Mar 2010 n/a - 46,496 46,496
  Nationwide Health Properties,                  
Deutsche Bank AG Inc. 600,000 USD Buy (0.620)% Sep 2011 n/a - 101,033 101,033
Deutsche Bank AG CDX.NA.IG.10 9,662,400 USD Buy (1.550)% Jun 2013 n/a (73,463) 420,013 346,550
Deutsche Bank AG Bank of America Corp. 700,000 USD Buy (1.720)% Dec 2013 n/a - 3,795 3,795
Deutsche Bank AG ACE Limited 300,000 USD Buy (0.390)% Jun 2014 n/a - 18,928 18,928
Deutsche Bank AG Bellsouth Corp. 600,000 USD Buy (0.395)% Sep 2014 n/a - 26,650 26,650
  Tate & Lyle Public Limited                  
Deutsche Bank AG Company 300,000 USD Buy (0.510)% Dec 2014 n/a - 17,482 17,482
Deutsche Bank AG CDX.NA.IG.8 9,174,400 USD Buy (0.600)% Jun 2017 n/a 59,525 916,033 975,558
Deutsche Bank AG CDX.NA.IG.9 5,172,800 USD Buy (0.800)% Dec 2017 n/a 180,674 267,871 448,545
  JP Morgan Chase &                  
Deutsche Bank AG Companympany 400,000 USD Buy (0.720)% Mar 2018 n/a - 25,451 25,451
Deutsche Bank AG Itraxx Europe Series 9 Version 1 7,400,000 EUR Buy (1.750)% Jun 2018 n/a (642,813) 475,659 (167,154)
Deutsche Bank AG Wea Finance LLC 2,000,000 USD Buy (2.100)% Jun 2018 n/a - 490,320 490,320
Deutsche Bank AG Citigroup, Inc. 5,900,000 USD Buy (1.336)% Sep 2018 n/a - 396,099 396,099
Deutsche Bank AG Morgan Stanley 1,100,000 USD Buy (1.850)% Sep 2018 n/a - 111,014 111,014
Deutsche Bank AG ABX.HE.AAA.06-2 1,000,000 USD Sell 0.110 % May 2046 n/a (372,818) (149,572) (522,390)
Goldman Sachs General Electric Capital Corp. 1,500,000 USD Sell 0.830 % Dec 2009 5.830% - (72,549) (72,549)
Goldman Sachs CDX.NA.IG.10 7,612,800 USD Buy (1.550)% Jun 2013 n/a (58,885) 331,924 273,039
Goldman Sachs CDX IG11 5Y BP GST 11,600,000 USD Buy (1.500)% Dec 2013 n/a 226,619 188,583 415,202
Goldman Sachs CDX.NA.IG.10 12,297,600 USD Buy (1.500)% Jun 2018 n/a (394,368) 887,377 493,009
HSBC Bank GAZPROM 3,000,000 USD Sell 1.300 % Dec 2008 11.008% - (1,681) (1,681)
HSBC Bank GAZPROM 1,200,000 USD Sell 1.500 % Jan 2009 11.016% - (9,965) (9,965)
  Itraxx Europe Hivol Series 6                  
HSBC Bank Version 1 500,000 EUR Buy (0.850)% Dec 2016 n/a (2,787) 100,082 97,295
JPMorgan Chase Bank Federative Republic of Brazil 2,700,000 USD Sell 1.345 % Aug 2011 3.249% - (119,837) (119,837)
JPMorgan Chase Bank CNA Financial Corp. 600,000 USD Buy (0.440)% Sep 2011 n/a - 67,658 67,658
JPMorgan Chase Bank Sabre Holdings Corp. 700,000 USD Buy (0.930)% Sep 2011 n/a - 386,253 386,253
  ITRAXX EUROPE HIVOL                  
JPMorgan Chase Bank SERIES 6 VERSION 1 300,000 EUR Buy (0.850)% Dec 2016 n/a (1,792) 60,151 58,359
JPMorgan Chase Bank Morgan Stanley 1,500,000 USD Buy (1.830)% Sep 2018 n/a - 153,380 153,380
Merrill Lynch Capital Services, Inc. Xerox Corp. 800,000 USD Buy (0.130)% Jan 2009 n/a - 2,981 2,981
Merrill Lynch Capital Services, Inc. Boston Scientific Corp. 700,000 USD Buy (0.510)% Jun 2011 n/a - 38,617 38,617
Merrill Lynch Capital Services, Inc. Federative Republic of Brazil 4,000,000 USD Sell 1.340 % Aug 2011 3.249% - (178,101) (178,101)
Merrill Lynch Capital Services, Inc. CDX.NA.IG.11 3,400,000 USD Buy (1.500)% Dec 2013 n/a 72,010 49,687 121,697
Merrill Lynch Capital Services, Inc. American General Finance Corp. 2,000,000 USD Buy (1.370)% Dec 2017 n/a - 849,333 849,333
Morgan Stanley Capital Services, Inc. GAZPROM 900,000 USD Sell 1.320 % Dec 2008 11.008% - (411) (411)
Morgan Stanley Capital Services, Inc. Russian Federation 1,000,000 USD Sell 0.460 % Jan 2009 9.741% - (11,500) (11,500)

Morgan Stanley Capital Services, Inc. GAZPROM 100,000 USD Sell 1.680 % Apr 2009 11.028% - (3,380) (3,380)
Morgan Stanley Capital Services, Inc. GAZPROM 800,000 USD Sell 1.710 % Apr 2009 11.028% - (26,918) (26,918)
Morgan Stanley Capital Services, Inc. Federative Republic of Brazil 4,100,000 USD Sell 1.380 % Aug 2011 3.249% - (177,928) (177,928)
Morgan Stanley Capital Services, Inc. Alcoa, Inc. 2,000,000 USD Buy (0.850)% Mar 2012 n/a - 285,375 285,375
Morgan Stanley Capital Services, Inc. Lockheed Martin Corp. 700,000 USD Buy (0.089)% Jun 2012 n/a - 14,672 14,672
Morgan Stanley Capital Services, Inc. CDX.NA.IG.10 878,400 USD Buy (1.550)% Jun 2013 n/a (3,205) 32,840 29,635
Morgan Stanley Capital Services, Inc. CDX.NA.IG.11 2,500,000 USD Buy (1.500)% Dec 2013 n/a 55,045 34,438 89,483
Morgan Stanley Capital Services, Inc. Simon Property Group, L.P. 1,000,000 USD Buy (1.047)% Jun 2016 n/a - 320,413 320,413
Morgan Stanley Capital Services, Inc. Motorola, Inc. 700,000 USD Buy (0.725)% Dec 2017 n/a - 117,450 117,450
Morgan Stanley Capital Services, Inc. Amgen, Inc. 3,000,000 USD Buy (1.030)% Jun 2018 n/a - (13,647) (13,647)
Royal Bank of Canada Daimlerchrysler AG 600,000 USD Buy (0.350)% Jun 2009 n/a - 16,755 16,755
Royal Bank of Canada JP Morgan Chase & Company 600,000 USD Buy (0.310)% Mar 2016 n/a - 67,317 67,317
  Deutsche Bank                  
Royal Bank of Scotland PLC Aktiengesellschaft 2,500,000 USD Sell 0.550 % Dec 2008 1.276% - 1,535 1,535
Royal Bank of Scotland PLC Cvs Caremark Corp. 700,000 USD Buy (0.550)% Sep 2011 n/a - 10,357 10,357
Royal Bank of Scotland PLC Daimler Chrysler AG 300,000 USD Buy (0.620)% Sep 2011 n/a - 32,427 32,427
Royal Bank of Scotland PLC Autozone, Inc. 2,000,000 USD Buy (0.920)% Jun 2013 n/a - 81,081 81,081
Royal Bank of Scotland PLC Radioshack Corp. 2,600,000 USD Buy (1.430)% Jun 2013 n/a - 225,197 225,197
Royal Bank of Scotland PLC Morgan Stanley 600,000 USD Buy (0.320)% Dec 2016 n/a - 111,534 111,534
  The Bear Stearns Companies,                  
Royal Bank of Scotland PLC Inc. 2,400,000 USD Buy (2.223)% Mar 2018 n/a - (120,882) (120,882)
UBS AG Capital One Financial Corp. 600,000 USD Buy (0.350)% Sep 2011 n/a - 54,824 54,824
UBS AG BAE Systems PLC 700,000 USD Buy (0.140)% Dec 2011 n/a - 34,777 34,777
UBS AG Whirlpool Corp. 1,400,000 USD Buy (0.840)% Jun 2013 n/a - 150,624 150,624
  JP Morgan Chase &                  
UBS AG Companympany 1,200,000 USD Buy (0.730)% Mar 2018 n/a - 75,443 75,443
Wachovia Bank N.A. Global Santa Fe Corp. 400,000 USD Buy (0.520)% Jun 2012 n/a - 2,676 2,676
  American Electric Power                  
Wachovia Bank N.A. Company, Inc. 2,000,000 USD Buy (0.450)% Jun 2015 n/a - 44,869 44,869
                ($970,587) $14,753,835 $13,783,248
 
Investment Quality Bond                    
Goldman Sachs CDS M 2.7 09-13 650,000 USD Buy (2.700)% Sep 2013 n/a - $129,251 $129,251
UBS Securities LLC CDSCYT1.612-13 475,000 USD Buy (1.600)% Dec 2013 n/a - 60,082 60,082
UBS Securities LLC CDSRE1.812-13 600,000 USD Buy (1.800)% Dec 2013 n/a ($2) (388) (390)
                ($2) $188,945 $188,943
 
Real Return                    
Bond                    
Bank of America N.A. CDX.NA.HY.8 2,450,000 USD Buy (2.750)% Jun 2012 n/a $44,137 $477,672 $521,809
Bank of America N.A. CDX.NA.IG.8 2,147,200 USD Buy (0.350)% Jun 2012 n/a 22,159 138,934 161,093
Bank of America N.A. GMAC LLC 600,000 USD Sell 7.000 % Sep 2012 42.789% - (317,807) (317,807)
Bank of America N.A. YUM! Brands, Inc. 2,000,000 USD Buy (1.245)% Mar 2018 n/a - 119,091 119,091
Barclays Bank PLC Republic of Panama 2,100,000 USD Sell 0.300 % Dec 2008 0.300% - (642) (642)
Barclays Bank PLC Republic of Peru 1,100,000 USD Sell 0.350 % Dec 2008 0.350% - 1,184 1,184
Barclays Bank PLC Russian Federation 1,100,000 USD Sell 0.330 % Dec 2008 0.330% - (5,197) (5,197)
Barclays Bank PLC Ukraine 1,100,000 USD Sell 0.780 % Dec 2008 0.780% - (13,104) (13,104)
Barclays Bank PLC CDX.NA.HY.8 3,136,000 USD Buy (2.750)% Jun 2012 n/a 99,576 568,339 667,915
Barclays Bank PLC Ford Motor Credit Company LLC 500,000 USD Sell 3.800 % Sep 2012 3.800% - (263,351) (263,351)

Barclays Bank PLC GMAC LLC 200,000 USD Sell 3.050 % Sep 2012 3.050% - (119,578) (119,578)
Barclays Bank PLC General Electric Captial Corp. 300,000 USD Sell 1.010 % Mar 2013 1.010% - (39,305) (39,305)
Barclays Bank PLC The Black & Decker Corp. 1,000,000 USD Buy (1.180)% Dec 2014 n/a - 46,583 46,583
Barclays Bank PLC CDX.NA.IG.9 1,800,000 USD Buy (6.550)% Dec 2017 n/a - 877,579 877,579
Barclays Bank PLC CDX.NA.IG.9 6,148,800 USD Buy (0.800)% Dec 2017 n/a 61,749 471,049 532,798
Bear Stearns Capital One Financial Corp. 1,000,000 USD Buy (1.210)% Sep 2012 n/a - 79,738 79,738
Bear Stearns CDX.NA.HY.9 1,470,000 USD Buy (3.750)% Dec 2012 n/a 21,232 307,666 328,898
BNP Paribas International Lease Finance Corp. 600,000 USD Buy (1.600)% Dec 2013 n/a - 147,042 147,042
Citibank N.A The Bear Stearns Companies, Inc. 1,100,000 USD Sell 0.720 % Sep 2012 0.720% - (26,019) (26,019)
Citibank N.A Sherwin-Williams Co. 900,000 USD Buy (0.290)% Dec 2012 n/a - 30,215 30,215
Citibank N.A V.F. Corp. 900,000 USD Buy (0.250)% Dec 2012 n/a - 51,104 51,104
Citibank N.A Cit Group Inc. 2,000,000 USD Sell 5.000 % Dec 2013 5.000% (437,392) (99,248) (536,640)
Citibank N.A General Electric Captial Corp. 8,600,000 USD Sell 3.725 % Dec 2013 3.725% - (319,053) (319,053)
Citibank N.A GATX Corp. 1,000,000 USD Buy (1.070)% Mar 2016 n/a - 68,182 68,182
Citibank N.A Omnicom Group, Inc. 1,250,000 USD Buy (0.940)% Jun 2016 n/a - 161,097 161,097
Credit Suisse International Chesapeake Energy Corp. 150,000 USD Sell 2.100 % Sep 2013 2.100% - (27,579) (27,579)
Credit Suisse International Chesapeake Energy Corp. 1,050,000 USD Sell 2.100 % Sep 2013 2.100% - (193,056) (193,056)
Deutsche Bank AG Republic of Indonesia 2,200,000 USD Sell 0.510 % Dec 2008 0.510% - (4,011) (4,011)
Deutsche Bank AG Russian Federation 1,000,000 USD Sell 0.325% Dec 2008 0.325% - (4,751) (4,751)
Deutsche Bank AG Ukraine 1,000,000 USD Sell 0.790 % Dec 2008 0.790% - (11,861) (11,861)
Deutsche Bank AG CDX.NA.HY.8 3,430,000 USD Buy (2.750)% Jun 2012 n/a 117,693 612,839 730,532
Deutsche Bank AG CDX.NA.HY.9 700,000 USD Sell 6.350 % Dec 2012 n/a - (97,171) (97,171)
Deutsche Bank AG CDX.NA.IG.9 400,000 USD Sell 0.990 % Dec 2012 n/a - (8,538) (8,538)
Deutsche Bank AG CDX.NA.IG.10 34,160,000 USD Buy (1.550)% Jun 2013 n/a 457,807 764,461 1,222,268
Deutsche Bank AG Home Depot, Inc. 1,250,000 USD Buy (1.565)% Mar 2016 n/a - 88,020 88,020
Deutsche Bank AG Macy's, Inc. 1,000,000 USD Buy (2.100)% Sep 2017 n/a - 242,530 242,530
Goldman Sachs GMAC LLC 4,800,000 USD Sell 5.350 % Sep 2012 5.350% - (2,680,309) (2,680,309)
Goldman Sachs GMAC LLC 900,000 USD Sell 3.050 % Sep 2012 3.050% - (538,099) (538,099)
Goldman Sachs AutoZone, Inc. 900,000 USD Buy (0.380)% Dec 2012 n/a - 50,372 50,372
Goldman Sachs Kohl's Corp. 900,000 USD Buy (0.590)% Dec 2012 n/a - 89,519 89,519
Goldman Sachs Nordstrom Inc 900,000 USD Buy (0.360)% Dec 2012 n/a - 169,846 169,846
Goldman Sachs The TJX Companies, Inc. 900,000 USD Buy (0.380)% Dec 2012 n/a - 26,889 26,889
Goldman Sachs CDX.NA.IG.10 15,225,600 USD Buy (1.550)% Jun 2013 n/a (141,604) 686,341 544,737
Goldman Sachs RPM International, Inc. 1,000,000 USD Buy (1.500)% Mar 2018 n/a - 37,102 37,102
Goldman Sachs CDX.NA.IG.10 1,756,800 USD Buy (1.500)% Jun 2018 n/a (47,465) 117,895 70,430
JPMorgan Chase Bank Qwest Capital Funding, Inc. 1,000,000 USD Buy (3.250)% Sep 2009 n/a - 45,702 45,702
Merrill Lynch Capital Services, Inc. CDX.NA.HY.8 3,626,000 USD Buy (2.750)% Jun 2012 n/a 74,369 697,908 772,277
Merrill Lynch Capital Services, Inc. CDX.NA.HY.9 600,000 USD Sell 6.510 % Dec 2012 n/a - (79,813) (79,813)
Merrill Lynch Capital Services, Inc. CDX.NA.HY.9 500,000 USD Sell 6.690 % Dec 2012 n/a - (63,252) (63,252)
Merrill Lynch Capital Services, Inc. CDX.NA.IG.9 10,345,600 USD Buy (0.600)% Dec 2012 n/a (6,335) 739,457 733,122
Merrill Lynch Capital Services, Inc. CDX.NA.IG.10 16,299,200 USD Buy (1.550)% Jun 2013 n/a (86,832) 669,967 583,135
Morgan Stanley Capital Services, Inc. CDX.NA.HY.8 1,656,200 USD Buy (2.750)% Jun 2012 n/a 53,205 299,791 352,996
Morgan Stanley Capital Services, Inc. GMAC LLC 500,000 USD Sell 6.850 % Jun 2012 6.850% - (261,661) (261,661)
Morgan Stanley Capital Services, Inc. Ford Motor Credit Company LLC 700,000 USD Sell 3.800 % Sep 2012 3.800% - (368,692) (368,692)
Morgan Stanley Capital Services, Inc. CDX.NA.HY.9 1,000,000 USD Sell 6.570 % Dec 2012 n/a - (130,849) (130,849)

  Morgan Stanley Capital Services, Inc. CDX.NA.IG.9 200,000 USD Sell 1.130 % Dec 2012 n/a - (3,154) (3,154)
  Morgan Stanley Capital Services, Inc. Staples, Inc. 900,000 USD Buy (0.530)% Dec 2012 n/a - 129,068 129,068
  Morgan Stanley Capital Services, Inc. The Black & Decker Corp. 900,000 USD Buy (0.490)% Dec 2012 n/a - 47,458 47,458
  Morgan Stanley Capital Services, Inc. Whirlpool Corp. 900,000 USD Buy (0.490)% Dec 2012 n/a - 95,703 95,703
  Morgan Stanley Capital Services, Inc. CDX.NA.IG.10 6,636,800 USD Buy (1.550)% Jun 2013 n/a (38,430) 275,899 237,469
  Morgan Stanley Capital Services, Inc. CDX.NA.IG.11 5,900,000 USD Buy (1.500)% Dec 2013 n/a 129,905 81,275 211,180
  Morgan Stanley Capital Services, Inc. Pearson PLC 2,500,000 USD Buy (0.750)% Jun 2014 n/a - 29,978 29,978
  Morgan Stanley Capital Services, Inc. CDX.NA.IG.9 5,953,600 USD Buy (0.800)% Dec 2017 n/a 108,132 408,016 516,148
  Morgan Stanley Capital Services, Inc. Target Corp. 1,000,000 USD Buy (1.200)% Mar 2018 n/a - 91,087 91,087
  Morgan Stanley Capital Services, Inc. CMBX.NA.AAA.3 5,060,000 USD Sell 0.080 % Dec 2049 n/a (804,637) (860,227) (1,664,864)
  Royal Bank of Scotland PLC Macy's, Inc 1,000,000 USD Buy (2.111)% Dec 2016 n/a - 235,468 235,468
  UBS AG CDX.NA.HY.8 5,096,000 USD Buy (2.750)% Jun 2012 n/a 271,046 814,316 1,085,362
  UBS AG GMAC LLC 900,000 USD Buy (4.850)% Sep 2012 n/a - 510,284 510,284
  UBS AG Dominion Resources, Inc. 1,000,000 USD Buy (0.590)% Mar 2014 n/a - 22,762 22,762
                    ($101,685) $5,089,101 $4,987,416
 
Spectrum                      
Income                      
  JPMorgan Chase Bank Compagnie De Saint-Gobain 60,000 EUR Buy (0.240)% Jun 2012 n/a - ($8,969) ($8,969)
  JPMorgan Chase Bank Kelda Group PLC 50,000 EUR Buy (0.240)% Jun 2012 n/a - 1,549 1,549
  JPMorgan Chase Bank Halyk Bank 130,000 USD Sell 2.750 % Dec 2012 9.500% - (32,037) (32,037)
  JPMorgan Chase Bank Replublic of Ukraine 250,000 USD Sell 2.410 % Dec 2012 20.920% - (112,165) (112,165)
  JPMorgan Chase Bank Rentokil Initial PLC 50,000 EUR Buy (2.580)% Mar 2013 n/a - 4,688 4,688
  JPMorgan Chase Bank United Utilites 100,000 EUR Buy (0.950)% Mar 2013 n/a - (1,272) (1,272)
  JPMorgan Chase Bank Electrolux AB 75,000 EUR Buy (1.180)% Jun 2013 n/a - 1,548 1,548
                    - ($146,658) ($146,658)
 
Total Return                      
  Bank of America N.A. General Motors Corp. 5,000,000 USD Sell 8.950 % Mar 2013 91.884% - ($3,709,363) ($3,709,363)
  Barclays Bank PLC Slm Corp. 300,000 USD Sell 5.100 % Jun 2009 12.907% - (9,535) (9,535)
  Barclays Bank PLC General Electric Capital Corp. 3,900,000 USD Sell 0.620 % Mar 2011 5.631% - (386,303) (386,303)
  Barclays Bank PLC Ford Motor Credit Company LLC 2,500,000 USD Sell 4.150 % Sep 2012 37.513% - (1,300,817) (1,300,817)
  Barclays Bank PLC GMAC LLC 2,500,000 USD Sell 3.650 % Sep 2012 42.789% - (1,468,658) (1,468,658)
  Barclays Bank PLC GMAC LLC 1,300,000 USD Sell 4.800 % Sep 2012 42.789% - (737,984) (737,984)
  Barclays Bank PLC CDX.NA.IG.9 15,070,411 USD Sell 0.758 % Dec 2012 n/a - 47,428 47,428
  Barclays Bank PLC GAZPROM 5,300,000 USD Sell 1.600 % Dec 2012 9.350% - (1,208,861) (1,208,861)
  Barclays Bank PLC General Electric Capital Corp. 3,900,000 USD Sell 0.640 % Dec 2012 5.134% - (550,190) (550,190)
  Barclays Bank PLC General Motors Corp. 200,000 USD Sell 4.800 % Dec 2012 93.309% - (156,903) (156,903)
  Citibank N.A General Electric Capital Corp. 300,000 USD Sell 0.750 % Mar 2009 5.799% - (4,166) (4,166)
  Citibank N.A General Electric Captial Corp. 200,000 USD Sell 1.100 % Mar 2010 5.784% - (10,937) (10,937)
  Citibank N.A General Electric Captial Corp. 100,000 USD Sell 1.150 % Mar 2010 5.784% - (5,399) (5,399)
  Citibank N.A CDX.NA.HY.8 5,885,310 USD Sell 0.355 % Jun 2012 n/a - (471,588) (471,588)
  Citibank N.A CDX.NA.HY.8 4,904,425 USD Sell 0.360 % Jun 2012 n/a - (392,241) (392,241)
  Citibank N.A CDX.NA.HY.8 1,373,239 USD Sell 0.401 % Jun 2012 n/a - (108,108) (108,108)
  Citibank N.A CDX.NA.HY.8 700,000 USD Sell 2.144 % Jun 2012 n/a - (143,768) (143,768)

Citibank N.A CDX.NA.HY.8 600,000 USD Sell 2.179 % Jun 2012 n/a - (122,526) (122,526)
Citibank N.A General Motors Corp. 500,000 USD Sell 4.600 % Dec 2012 93.309% - (393,355) (393,355)
Citibank N.A General Electric Captial Corp. 600,000 USD Sell 4.325 % Dec 2013 4.750% - (7,733) (7,733)
Credit Suisse International CDX.NA.IG.10 7,417,600 USD Buy (1.550)% Jun 2013 n/a ($26,590) 291,997 265,407
Deutsche Bank AG Deutsche Bank Aktiengesellschaft 10,300,000 USD Sell 0.550 % Dec 2008 1.276% - 6,324 6,324
Deutsche Bank AG Republic of Panama 900,000 USD Sell 0.250 % Dec 2008 2.825% - (511) (511)
Deutsche Bank AG General Electric Captial Corp. 500,000 USD Sell 1.500 % Sep 2011 5.514% - (45,668) (45,668)
Deutsche Bank AG Ford Motor Credit Company LLC 1,000,000 USD Sell 5.650 % Sep 2012 37.513% - (493,549) (493,549)
Deutsche Bank AG CDX.NA.IG.9 9,917,303 USD Sell 0.708 % Dec 2012 n/a - 10,993 10,993
Deutsche Bank AG General Motors Corp. 500,000 USD Sell 4.500 % Dec 2012 93.309% - (393,905) (393,905)
Deutsche Bank AG Berkshire Hathaway Finance Corp. 1,600,000 USD Sell 0.850 % Mar 2013 3.671% - (160,252) (160,252)
Deutsche Bank AG CDX.IG.10 5Y 1,944,569 USD Sell 0.530 % Jun 2013 n/a - (2,528) (2,528)
Deutsche Bank AG CDX.NA.HY.10 3,200,000 USD Buy (5.000)% Jun 2013 n/a 216,109 459,254 675,363
Deutsche Bank AG CDX.NA.IG.10 4,977,600 USD Buy (1.550)% Jun 2013 n/a 16,689 160,027 176,716
Goldman Sachs General Electric Capital Corp. 500,000 USD Sell 0.830 % Dec 2009 5.830% - (24,183) (24,183)
Goldman Sachs CDX.IG.10 5Y 2,430,711 USD Sell 0.463 % Jun 2013 n/a - (23,698) (23,698)
Goldman Sachs CDX.NA.IG.10 3,513,600 USD Buy (1.550)% Jun 2013 n/a (34,723) 160,443 125,720
Goldman Sachs CDX.NA.IG.9 875,056 USD Sell 0.548 % Dec 2017 n/a - (9,655) (9,655)
Goldman Sachs CDX.NA.IG.9 1,555,655 USD Sell 0.555 % Dec 2017 n/a - (16,333) (16,333)
HSBC Bank Ukraine Government 4,200,000 USD Sell 0.730 % Apr 2009 24.291% - (364,124) (364,124)
JPMorgan Chase Bank CDX.NA.IG.9 1,944,569 USD Sell 0.553 % Dec 2017 n/a - (27,349) (27,349)
Merrill Lynch Capital Services, Inc. GMAC LLC 3,200,000 USD Sell 1.850 % Sep 2009 57.465% - (1,087,219) (1,087,219)
Merrill Lynch Capital Services, Inc. General Electric Captial Corp. 4,300,000 USD Sell 1.080 % Dec 2009 5.830% - (195,129) (195,129)
Merrill Lynch Capital Services, Inc. CDX.NA.HY.8 1,300,000 USD Sell 1.833 % Jun 2012 n/a - (280,546) (280,546)
Merrill Lynch Capital Services, Inc. CDX.NA.HY.10 5,400,000 USD Buy (5.000)% Jun 2013 n/a 361,548 778,127 1,139,675
Morgan Stanley Capital Services, Inc. General Electric Captial Corp. 200,000 USD Sell 0.950 % Jan 2009 5.789% - (1,038) (1,038)
Morgan Stanley Capital Services, Inc. CDX.NA.HY.8 1,300,000 USD Sell 2.080 % Jun 2012 n/a - (269,786) (269,786)
Morgan Stanley Capital Services, Inc. Russian Federation 3,400,000 USD Sell 0.795 % Aug 2012 8.203% - (736,396) (736,396)
Morgan Stanley Capital Services, Inc. CDX.NA.IG.9 3,900,000 USD Sell 0.963 % Dec 2012 n/a - (87,571) (87,571)
Morgan Stanley Capital Services, Inc. GAZPROM 1,000,000 USD Sell 2.180 % Feb 2013 9.318% - (217,170) (217,170)
Morgan Stanley Capital Services, Inc. Federative Republic of Brazil 900,000 USD Sell 1.660 % Mar 2013 3.387% - (55,614) (55,614)
Morgan Stanley Capital Services, Inc. CDX.NA.HY.10 2,300,000 USD Buy (5.000)% Jun 2013 n/a 155,328 330,089 485,417
Morgan Stanley Capital Services, Inc. CDX.NA.IG.10 6,051,200 USD Buy (1.550)% Jun 2013 n/a (58,563) 274,685 216,122
Morgan Stanley Capital Services, Inc. CMBX.NA.AAA.3 100,000 USD Sell 0.080 % Dec 2049 n/a (15,869) (17,027) (32,896)
Royal Bank of Scotland PLC Republic of Indonesia 2,000,000 USD Sell 0.450 % Jun 2009 6.763% - (68,336) (68,336)
Royal Bank of Scotland PLC General Electric Capital Corp. 600,000 USD Sell 1.100 % Sep 2009 5.825% - (20,786) (20,786)
Royal Bank of Scotland PLC CDX.NA.HY.10 9,500,000 USD Buy (5.000)% Jun 2013 n/a 663,638 1,341,346 2,004,984
UBS AG GAZPROM 1,000,000 USD Sell 2.180 % Feb 2013 9.318% - (217,170) (217,170)
                      $1,277,567 ($12,143,265) ($10,865,698)

BBR Bank Bill Rate
BBSW Bank Bill Swap Rate
CBK Canada Bankers Acceptance
CDI Brazil Interbank Deposit Rate
CPI-U Non-revised Consumer Price Index - Urban
CMS Constant Termination Date Swap

FRCPXTOB French CPI Ex Tobacco Daily Reference Index
CPTFEMU Eurostat Eurozone HICP Ex Tobacco Unrevised Series NSA Index
28-Day Mexico  
Interbank TIIE Tasa de Interes Interbancario de
Banxico Equilibrio
 
Currency symbols are defined as follows:
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
ERU European Currency
GBP British Pound
JPY Japanese Yen
MXN Mexican Peso
USD U.S. Dollar

(1) If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(2) The maximum potential amount the Fund could be required to make as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(3) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of an emerging country as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

(4) The quoted market prices and resulting values for credit default swap agreements on asset-backed securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

n/a - Implied credit spreads, as an indicator of the current status of the payment/performance risk only applies to swap contract where the Fund is the seller of protection on corporate issues or sovereign issue of an emerging country.

Forward Foreign Currency Contracts All Funds 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 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 amounts are determined using forward foreign currency exchange rates supplied by a quotation service. The Funds could be exposed to additional risks 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 November 30, 2008, 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 November 30, 2008, were as follows:

        Unrealized
    Principal Amount   Appreciation
Fund Currency Covered by Contract Settlement Date (Depreciation)
 
Global Bond Buys      
  Australian Dollar 1,395,000 1/15/09 $11,410
  Brazilian Real 5,390,631 12/2/08 (577,097)
  Brazilian Real 13,191,176 12/2/08 (1,961,537)
  Brazilian Real 81,530 12/2/08 (8,998)
  Canadian Dollar 12,260,000 1/14/09 (376,809)
  Chilean Peso 112,100,000 12/10/08 (61,832)
  Chilean Peso 112,100,000 5/14/09 (5,368)
  Chinese Yuan Renminbi 5,699,130 3/2/09 7,857
  Chinese Yuan Renminbi 21,385,752 5/6/09 (202,254)
  Chinese Yuan Renminbi 738,592 5/6/09 (552)
  Chinese Yuan Renminbi 33,591,692 5/6/09 (317,335)
  Chinese Yuan Renminbi 7,702,655 5/6/09 (56,069)
  Chinese Yuan Renminbi 7,489,920 5/6/09 (53,585)
  Chinese Yuan Renminbi 6,754,871 5/6/09 (60,027)
  Chinese Yuan Renminbi 981,648 7/15/09 (12,591)
  Chinese Yuan Renminbi 1,449,630 9/8/09 (3,002)
  Chinese Yuan Renminbi 1,388,200 9/8/09 (1,774)
  Chinese Yuan Renminbi 6,444,215 9/8/09 (9,806)
  Chinese Yuan Renminbi 2,912,175 9/8/09 (4,159)
  Chinese Yuan Renminbi 1,173,510 9/8/09 (2,430)
  Chinese Yuan Renminbi 6,521,690 5/17/10 (137,896)
  Chinese Yuan Renminbi 7,353,720 5/17/10 (151,638)
  Danish Krone 16,318,000 12/9/08 (59,445)
  Danish Krone 2,740,000 12/9/08 (62,085)
  Euro 16,004,000 12/4/08 197,712
  Euro 1,418,000 12/4/08 (2,893)
  Euro 46,970,000 12/4/08 628,561
  Euro 1,242,000 12/4/08 5,622
  Euro 3,512,000 12/4/08 (34,541)
  Euro 33,311,000 12/4/08 402,485
  Euro 7,175,000 1/13/09 135,079
  Euro 1,015,000 1/13/09 6,233
  Hungarian Forint 600,440 12/10/08 (94)
  Hungarian Forint 600,440 5/6/09 181
  Indian Rupee 7,453,440 4/9/09 (1,162)
  Indian Rupee 2,500,000 4/9/09 (665)
  Indian Rupee 2,520,000 4/9/09 (270)
  Indian Rupee 3,501,169 4/9/09 (908)
  Japanese Yen 133,790,961 12/2/08 (293)
  Japanese Yen 195,401,115 12/3/08 94,700
  Japanese Yen 469,369,654 12/3/08 131,538
  Japanese Yen 16,042,777,000 12/3/08 3,962,420

Japanese Yen 3,480,374,000 1/8/09 (38,137)
Japanese Yen 2,840,603,000 1/8/09 330,448
Japanese Yen 3,377,822,000 1/8/09 (135,889)
Japanese Yen 4,056,600,000 1/8/09 (226,872)
Japanese Yen 2,803,097,000 1/8/09 (20,488)
Malaysian Ringgit 883,688 2/12/09 (5,873)
Malaysian Ringgit 2,340,000 2/12/09 (24,328)
Malaysian Ringgit 876,625 2/12/09 (7,824)
Malaysian Ringgit 875,875 4/14/09 (7,522)
Malaysian Ringgit 1,014,470 4/14/09 (9,154)
Malaysian Ringgit 1,758,000 4/14/09 (13,315)
Malaysian Ringgit 879,250 4/14/09 (6,588)
Mexican Peso 284,305 5/19/09 (5,710)
Philippine Peso 6,100,000 2/6/09 (11,735)
Philippine Peso 17,760,000 2/6/09 (12,560)
Philippine Peso 7,370,000 2/6/09 (14,557)
Philippine Peso 10,337,060 2/6/09 (17,408)
Philippine Peso 2,300,000 2/6/09 (5,079)
Philippine Peso 8,300,000 2/6/09 (16,777)
Philippine Peso 2,300,000 2/6/09 (5,114)
Philippine Peso 663,400 5/6/09 (27)
Philippine Peso 16,440,700 5/6/09 (6,177)
Philippine Peso 4,850,000 5/6/09 (1,522)
Philippine Peso 1,600,000 12/24/10 (6,052)
Polish Zloty 80,000 5/6/09 (8,760)
Pound Sterling 16,050,000 12/9/08 (1,505,959)
Pound Sterling 4,329,000 1/13/09 246,815
Pound Sterling 264,000 1/13/09 136
Pound Sterling 5,311,000 1/13/09 274,758
Pound Sterling 3,354,000 1/13/09 160,983
Pound Sterling 4,209,000 1/13/09 219,751
Singapore Dollar 2,172,076 4/14/09 (49,429)
South African Rand 92,876 12/10/08 416
South African Rand 379,000 12/10/08 (7,488)
South Korean Won 340,640,501 2/9/09 (94,033)
Swedish Krona 3,024,000 12/9/08 (18,301)
Swedish Krona 21,512,000 12/9/08 (423,955)
Taiwan Dollar 13,522,107 2/9/09 (34,236)
Taiwan Dollar 6,000,000 2/9/09 (15,791)
Taiwan Dollar 9,600,000 2/9/09 (23,185)
Taiwan Dollar 6,000,000 2/9/09 (15,663)
  Taiwan Dollar 3,100,000 2/9/09 (8,112)
      ($153,630)
 
 
  Sells      
Australian Dollar $5,564,326 12/8/08 $143,971

Australian Dollar 1,145,839 12/22/08 (31,358)
Australian Dollar 365,947 1/15/09 (20,673)
Brazilian Real 364,000 12/2/08 78,578
Brazilian Real 659,000 12/2/08 128,244
Brazilian Real 2,118,665 12/2/08 419,588
Brazilian Real 2,698,000 12/2/08 572,560
Brazilian Real 1,530,000 12/2/08 305,841
Brazilian Real 2,805,000 12/2/08 611,245
Brazilian Real 42,854 6/2/09 9,512
Canadian Dollar 4,949,536 12/9/08 6,107
Chilean Peso 174,068 12/10/08 4,600
Chinese Yuan Renminbi 813,116 3/2/09 (7,741)
Chinese Yuan Renminbi 4,613,000 5/6/09 20,081
Chinese Yuan Renminbi 1,951,000 5/6/09 (1,790)
Chinese Yuan Renminbi 2,235,000 5/6/09 27,373
Chinese Yuan Renminbi 1,632,000 5/6/09 (6,402)
Chinese Yuan Renminbi 747,000 5/6/09 (1,944)
Chinese Yuan Renminbi 47,238 7/15/09 77
Chinese Yuan Renminbi 93,000 7/15/09 (248)
Chinese Yuan Renminbi 1,893,446 9/8/09 (15,383)
Chinese Yuan Renminbi 1,932,508 5/17/10 (22,957)
Euro 8,465,427 12/4/08 161,704
Euro 8,975,925 12/4/08 (139,622)
Euro 1,818,339 12/4/08 (13,664)
Euro 1,475,905 12/4/08 (11,803)
Euro 7,667,959 1/13/09 (15,760)
Euro 1,864,452 1/13/09 (27,589)
Euro 1,945,741 1/13/09 (32,649)
Euro 154,995 1/13/09 76
Euro 2,412,124 1/13/09 (3,085)
Euro 4,158,326 1/13/09 (79,085)
Euro 2,851,893 1/13/09 40,498
Euro 155,233 1/13/09 314
Hungarian Forint 2,775 12/10/08 (172)
Indian Rupee 317,000 4/9/09 (4,168)
Japanese Yen 1,680,000 12/2/08 (35,597)
Japanese Yen 36,443,707 12/3/08 24,670
Japanese Yen 1,422,407 12/3/08 (66,909)
Japanese Yen 28,930,523 12/3/08 (328,558)
Japanese Yen 35,481,324 12/3/08 135,402
Japanese Yen 42,687,573 12/3/08 238,840
Japanese Yen 767,114 12/3/08 (26,035)
Japanese Yen 29,094,178 12/3/08 19,695
Japanese Yen 11,000 12/4/08 (289)
Japanese Yen 2,191,000 1/8/09 13,084
Japanese Yen 1,108,000 1/8/09 (8,980)
Japanese Yen 2,756,000 1/8/09 (9,949)
Japanese Yen 2,192,000 1/8/09 9,643

  Japanese Yen 4,665,010 1/8/09 (20,773)
  Japanese Yen 3,594,066 1/8/09 11,246
  Japanese Yen 1,167,000 1/13/09 (10,044)
  Malaysian Ringgit 22,641 2/12/09 499
  Malaysian Ringgit 960,000 2/12/09 3,868
  Malaysian Ringgit 321,000 2/12/09 (1,793)
  Malaysian Ringgit 434,000 2/12/09 2,327
  Malaysian Ringgit 20,000 4/14/09 43
  Malaysian Ringgit 634,000 4/14/09 12,144
  Philippine Peso 1,472,000 2/6/09 (65,087)
  Philippine Peso 33,106 12/24/10 3,412
  Polish Zloty 54,000 5/6/09 2,235
  Pound Sterling 711,703 12/2/08 (5,332)
  Pound Sterling 6,409,085 12/9/08 (248,791)
  Pound Sterling 7,324,536 12/9/08 (279,192)
  Pound Sterling 386,586 12/9/08 9,783
  Pound Sterling 3,795,627 12/9/08 (150,806)
  Pound Sterling 5,877,612 12/9/08 (221,980)
  Pound Sterling 3,289,483 1/13/09 (39,213)
  Pound Sterling 3,084,345 1/13/09 (7,466)
  Pound Sterling 2,514,436 1/13/09 (29,771)
  Pound Sterling 719,695 1/13/09 (24,800)
  Pound Sterling 757,716 1/13/09 (31,388)
  Pound Sterling 505,230 1/13/09 (2,381)
  Singapore Dollar 1,262,912 1/16/09 11,236
  Singapore Dollar 155,685 4/14/09 (950)
  South African Rand 58,000 12/10/08 11,290
  South African Rand 8,427 5/14/09 (439)
  South Korean Won 300,000 2/9/09 78,222
  Swedish Krona 151,000 12/9/08 3,087
  Swedish Krona 163,000 12/9/08 3,310
  Taiwan Dollar 1,198,000 2/9/09 69,377
        $1,141,166
 
 
Global Real Estate Sells      
  Australian Dollar $38,483,142 1/30/09 ($2,228,347)
  Brazilian Real 323,887 1/30/09 (11,705)
  Canadian Dollar 6,359,810 1/30/09 (224,112)
  Euro 26,746,308 1/30/09 (427,484)
  Japanese Yen 69,039,034 1/30/09 581,185
  Norwegian Krone 118,240 1/30/09 (2,461)
  Pound Sterling 29,227,752 1/30/09 (1,237,289)
  Singapore Dollar 9,253,858 1/30/09 (106,507)
  Swedish Krona 2,162,179 1/30/09 (30,403)
        ($3,687,123)

High Income Buys      
  Canadian Dollar 18,250 1/22/09 $72
        $72
 
 
  Sells      
  Canadian Dollar $3,024,848 1/22/09 $421,794
  Pound Sterling 1,083,971 1/22/09 168,649
        $590,443
 
 
International Equity Index Buys      
  Australian Dollar 376,000 12/19/08 ($67,117)
  Canadian Dollar 397,000 12/19/08 (64,556)
  Euro 1,012,000 12/19/08 (203,858)
  Hong Kong Dollar 864,000 12/19/08 126
  Japanese Yen 158,900,000 12/19/08 147,398
  Pound Sterling 818,000 12/19/08 (254,807)
  Swedish Krona 838,000 12/19/08 (24,523)
        ($467,337)
 
 
Investment Quality Bond Buys      
  Australian Dollar 720,000 3/18/09 ($2,912)
  Brazilian Real 1,502,000 12/17/08 (44,463)
  Brazilian Real 1,352,000 12/17/08 (57,329)
  Brazilian Real 1,432,000 3/18/09 (5,133)
  Canadian Dollar 600,000 3/18/09 (6,447)
  Euro 1,900,000 3/18/09 28,950
  Japanese Yen 48,500,000 3/18/09 10,982
  Norwegian Krone 3,250,000 3/18/09 (18,147)
        ($94,499)
 
 
  Sells      
  Australian Dollar $448,614 3/18/09 ($20,924)
  Brazilian Real 1,653,534 12/17/08 428,327
  Brazilian Real 580,688 3/18/09 41,716
  Brazilian Real 624,480 3/18/09 63,518
  Canadian Dollar 471,365 3/18/09 (13,448)
  Euro 2,411,575 3/18/09 (735)
  Japanese Yen 514,747 3/18/09 4,629
  Norwegian Krone 454,629 3/18/09 (8,733)
        $494,350

Real Return Bond Buys      
  Brazilian Real 43,835,176 12/2/08 ($4,290,270)
  Brazilian Real 6,168,436 2/3/09 (218,917)
  Chinese Yuan Renminbi 9,096,800 12/9/08 1,177
  Chinese Yuan Renminbi 20,395,231 3/2/09 51,067
  Chinese Yuan Renminbi 25,694,160 3/2/09 76,782
  Chinese Yuan Renminbi 10,251,500 3/2/09 26,544
  Chinese Yuan Renminbi 6,147,000 5/6/09 (6,262)
  Chinese Yuan Renminbi 8,004,362 7/15/09 (97,107)
  Chinese Yuan Renminbi 7,051,536 7/15/09 (71,393)
  Chinese Yuan Renminbi 9,778,800 9/8/09 (53,648)
  Chinese Yuan Renminbi 2,964,635 9/8/09 (6,668)
  Chinese Yuan Renminbi 10,264,560 9/8/09 (54,284)
  Japanese Yen 640,834,427 12/3/08 (901)
  Japanese Yen 589,066,000 12/3/08 (23,613)
  Japanese Yen 1,091,347,572 12/3/08 (7,736)
  Malaysian Ringgit 7,274,096 2/12/09 (266,462)
  Mexican Peso 991,516 5/19/09 (19,914)
  Philippine Peso 10,800,000 2/6/09 (20,785)
  Philippine Peso 5,300,000 2/6/09 (11,838)
  Philippine Peso 13,010,000 2/6/09 (25,698)
  Philippine Peso 18,393,260 2/6/09 (30,981)
  Philippine Peso 4,100,000 2/6/09 (9,053)
  Philippine Peso 14,500,000 2/6/09 (29,307)
  Philippine Peso 4,000,000 2/6/09 (8,894)
  Philippine Peso 2,800,000 12/24/10 (10,591)
  Polish Zloty 6,764,878 5/6/09 (740,772)
  Pound Sterling 2,141,286 12/9/08 123,061
  Pound Sterling 1,612,000 12/9/08 (64,326)
  Pound Sterling 2,320,000 12/9/08 131,012
  Pound Sterling 5,187,000 12/9/08 (207,460)
  Pound Sterling 2,057,000 12/9/08 115,132
  Pound Sterling 487,000 1/13/09 20,213
  Singapore Dollar 2,583,189 4/14/09 (56,442)
  Singapore Dollar 1,637,856 4/14/09 (23,528)
  Singapore Dollar 643,588 4/14/09 (13,076)
  Singapore Dollar 1,087,741 4/14/09 (18,508)
  Singapore Dollar 813,629 4/14/09 (10,279)
  Singapore Dollar 969,088 7/30/09 (23,350)
        ($5,877,075)
 
  Sells      
  Brazilian Real $644,526 12/2/08 $8,753
  Brazilian Real 16,971,179 12/2/08 4,092,159
  Brazilian Real 2,529,000 12/2/08 545,845
  Brazilian Real 2,858,404 12/2/08 194,946
  Brazilian Real 973,000 12/2/08 206,893

  Chinese Yuan Renminbi 897,110 12/9/08 (1,058)
  Chinese Yuan Renminbi 430,000 12/9/08 (1,010)
  Chinese Yuan Renminbi 3,197,000 3/2/09 (23,990)
  Chinese Yuan Renminbi 1,518,190 3/2/09 (16,859)
  Chinese Yuan Renminbi 3,341,000 3/2/09 (17,853)
  Euro 2,214,096 12/4/08 (27,274)
  Euro 2,961,108 12/4/08 4,748
  Japanese Yen 23,718,999 12/3/08 (570,809)
  Japanese Yen 6,216,346 1/8/09 6,851
  Japanese Yen 59,969 1/8/09 (76)
  Japanese Yen 6,199,716 1/8/09 23,698
  Japanese Yen 72,790 1/8/09 (789)
  Japanese Yen 11,451,706 1/8/09 9,555
  Malaysian Ringgit 2,069,705 2/12/09 75,066
  Philippine Peso 1,596,595 2/6/09 30,548
  Philippine Peso 57,935 12/24/10 5,971
  Pound Sterling 3,189,299 12/9/08 (130,082)
  Pound Sterling 18,209,256 12/9/08 1,047,040
  Pound Sterling 3,253,570 1/13/09 (124,319)
  Pound Sterling 3,439,075 1/13/09 (129,582)
  Pound Sterling 3,050,284 1/13/09 (113,823)
  Swiss Franc 828,864 12/9/08 74,765
        $5,169,314
 
 
Spectrum Income Buys      
  Australian Dollar 109,152 2/20/09 $307
  Canadian Dollar 1,075,008 2/20/09 (9,046)
  Czech Koruna 5,302,144 2/20/09 4,396
  Danish Krone 289,487 2/20/09 436
  Euro 6,675,674 2/20/09 55,054
  Japanese Yen 515,010,655 2/20/09 78,095
  Norwegian Krone 1,125,463 2/20/09 1,679
  Polish Zloty 513,930 2/20/09 3,579
  Pound Sterling 63,833 2/20/09 212
  South Korean Won 992,254,475 1/20/09 (44,673)
  South Korean Won 968,590,000 2/20/09 (25,888)
  Taiwan Dollar 26,956,380 2/13/09 (58,406)
  Taiwan Dollar 7,099,980 4/10/09 (5,079)
  Turkish Lira 641,977 2/20/09 17,934
        $18,600
 
  Sells      
  Australian Dollar $179,000 2/20/09 ($10,912)
  Brazilian Real 677,655 12/2/08 55,880
  Brazilian Real 1,305,696 1/5/09 95,115
  Brazilian Real 530,000 1/15/09 104,855

  Brazilian Real 2,598,841 1/20/09 43,094
  Brazilian Real 482,949 2/3/09 (29,888)
  Brazilian Real 3,667,390 2/20/09 968,486
  Canadian Dollar 253,000 2/20/09 9,077
  Czech Koruna 206,069 2/20/09 (8,471)
  Euro 1,581,169 12/15/08 133,096
  Euro 1,726,175 12/15/08 (20,404)
  Euro 2,392,838 2/20/09 (21,600)
  Hungarian Forint 1,509,176 12/15/08 (101,940)
  Hungarian Forint 979,096 1/15/09 3,626
  Hungarian Forint 247,649 1/20/09 (21,863)
  Hungarian Forint 602,072 2/20/09 (22,618)
  Japanese Yen 2,593,361 12/15/08 (24,413)
  Japanese Yen 177,000 2/20/09 (2,304)
  Malaysian Ringgit 168,000 1/12/09 7,321
  Mexican Peso 435,311 12/19/08 4,288
  Mexican Peso 2,038,409 1/20/09 (35,230)
  Mexican Peso 1,285,912 2/20/09 36,081
  Polish Zloty 445,000 2/20/09 (8,951)
  Pound Sterling 1,785,809 2/20/09 (42,986)
  South African Rand 24,145 2/20/09 (562)
  Swedish Krona 190,863 2/20/09 1,755
  Taiwan Dollar 845,165 2/13/09 34,570
  Taiwan Dollar 213,021 4/10/09 (901)
  Turkish Lira 580,980 1/20/09 (61,883)
  Turkish Lira 1,184,064 2/20/09 (34,850)
        $1,047,468
 
 
Strategic Bond Buys      
  Euro 6,400,000 2/3/09 ($368,348)
  Russian Ruble 35,366,760 12/8/08 (120,270)
  Russian Ruble 27,480,305 12/8/08 (93,825)
  Russian Ruble 26,824,970 12/11/08 (93,346)
        ($675,789)
 
 
  Sells      
  Euro $753,727 12/8/08 $78,800
  Euro 579,591 12/8/08 60,997
  Euro 12,041,780 12/11/08 47,767
  Euro 8,160,256 2/3/09 34,012
        $221,576
 
 
Strategic Income Buys      
  Australian Dollar 2,300,000 1/22/09 ($49,359)

  Australian Dollar 1,150,000 1/22/09 (29,555)
  Australian Dollar 6,600,000 2/17/09 (222,014)
  Canadian Dollar 5,121,732 2/17/09 (304,845)
        ($605,773)
 
  Sells      
  Australian Dollar $1,595,510 1/22/09 $91,541
  Australian Dollar 928,126 1/22/09 199,028
  Australian Dollar 4,388,069 2/17/09 78,523
  Canadian Dollar 23,000,859 1/22/09 3,271,338
  Canadian Dollar 44 1/22/09 3,196,933
  Euro 52,306,840 1/22/09 5,886,927
  New Zealand Dollar 21,311,008 1/22/09 4,288,244
  Pound Sterling 11,445,460 1/22/09 1,834,544
        $18,847,078
 
 
Total Return Buys      
  Brazilian Real 26,849,497 12/2/08 ($2,684,553)
  Brazilian Real 45,540,192 12/2/08 (6,913,573)
  Brazilian Real 3,062,881 12/2/08 (6,283)
  Brazilian Real 10,537,460 2/3/09 (373,973)
  Chinese Yuan Renminbi 14,024,622 7/15/09 (163,006)
  Chinese Yuan Renminbi 46,988,037 7/15/09 (543,028)
  Chinese Yuan Renminbi 14,124,212 7/15/09 (146,762)
  Chinese Yuan Renminbi 15,321,390 7/15/09 (185,625)
  Chinese Yuan Renminbi 5,017,808 9/8/09 (8,800)
  Chinese Yuan Renminbi 3,192,860 9/8/09 (4,079)
  Chinese Yuan Renminbi 14,620,830 9/8/09 (22,235)
  Chinese Yuan Renminbi 6,517,725 9/8/09 (9,309)
  Chinese Yuan Renminbi 2,692,170 9/8/09 (5,575)
  Euro 1,604,000 1/13/09 9,851
  Indian Rupee 243,982,317 4/9/09 (38,474)
  Indian Rupee 83,000,000 4/9/09 (22,071)
  Indian Rupee 83,664,000 4/9/09 (8,968)
  Indian Rupee 124,041,416 4/9/09 (32,156)
  Indonesian Rupiah 2,993,100,000 3/31/09 (53,412)
  Indonesian Rupiah 3,196,300,000 3/31/09 (55,635)
  Indonesian Rupiah 1,126,400,000 3/31/09 (20,964)
  Indonesian Rupiah 2,017,800,000 3/31/09 (20,504)
  Indonesian Rupiah 755,300,000 3/31/09 (10,298)
  Japanese Yen 172,523,000 12/3/08 42,425
  Japanese Yen 36,414,000 1/8/09 (399)
  Japanese Yen 29,255,000 1/8/09 3,451
  Japanese Yen 35,341,000 1/8/09 (1,422)
  Japanese Yen 71,513,000 1/8/09 (626)
  Malaysian Ringgit 2,050,885 2/12/09 (13,155)

Malaysian Ringgit 2,500,000 2/12/09 (25,992)
Malaysian Ringgit 10,717,053 2/12/09 (289,313)
Malaysian Ringgit 945,945 4/14/09 (8,124)
Malaysian Ringgit 1,084,380 4/14/09 (9,800)
Malaysian Ringgit 1,898,640 4/14/09 (14,380)
Malaysian Ringgit 2,139,075 4/14/09 (7,818)
Philippine Peso 17,300,000 2/6/09 (33,291)
Philippine Peso 69,220,000 2/6/09 (42,905)
Philippine Peso 20,810,000 2/6/09 (41,104)
Philippine Peso 29,424,660 2/6/09 (49,557)
Philippine Peso 6,600,000 2/6/09 (14,574)
Philippine Peso 23,300,000 2/6/09 (47,084)
Philippine Peso 6,400,000 2/6/09 (14,230)
Philippine Peso 2,714,300 5/6/09 (112)
Philippine Peso 66,729,900 5/6/09 (25,072)
Philippine Peso 19,885,000 5/6/09 (6,242)
Philippine Peso 4,400,000 12/24/10 (16,644)
Pound Sterling 5,622,000 12/9/08 323,101
Pound Sterling 2,715,000 12/9/08 (108,340)
Pound Sterling 6,095,000 12/9/08 344,190
Pound Sterling 8,742,000 12/9/08 (349,647)
Pound Sterling 5,404,000 12/9/08 302,466
Pound Sterling 1,282,000 1/13/09 53,209
Singapore Dollar 1,807,854 1/16/09 (34,171)
Singapore Dollar 3,561,448 4/14/09 (77,514)
Singapore Dollar 2,358,755 4/14/09 (35,320)
Singapore Dollar 1,097,025 4/14/09 (22,289)
Singapore Dollar 1,377,150 4/14/09 (23,432)
Singapore Dollar 1,035,528 4/14/09 (13,083)
Singapore Dollar 1,243,904 7/30/09 (29,972)
  South African Rand 1,596,000 12/10/08 (31,533)
      ($11,637,735)
 
 
  Sells      
Australian Dollar $38,574 12/8/08 ($2,072)
Australian Dollar 96,924 12/8/08 (5,151)
Australian Dollar 192,572 12/8/08 (11,512)
Australian Dollar 313,208 12/8/08 8,104
Australian Dollar 1,360,685 12/8/08 27,221
Brazilian Real 49,000 12/2/08 1,603
Brazilian Real 325,000 12/2/08 55,634
Brazilian Real 2,218,000 12/2/08 78,898
Brazilian Real 5,836,500 12/2/08 1,311,892
Brazilian Real 19,061,800 12/2/08 4,391,242
Brazilian Real 499,500 12/2/08 106,211
Brazilian Real 8,561,175 12/2/08 718,452

  Brazilian Real 3,414,700 12/2/08 722,210
  Brazilian Real 315,000 2/3/09 4,836
  Brazilian Real 314,000 2/3/09 4,558
  Brazilian Real 1,927,932 2/3/09 24,624
  Euro 20,140,894 12/4/08 (224,572)
  Indian Rupee 1,279,000 4/9/09 (50,890)
  Indian Rupee 1,112,822 4/9/09 (37,909)
  Indian Rupee 8,019,000 4/9/09 (51,951)
  Indonesian Rupiah 276,639 3/31/09 9,864
  Indonesian Rupiah 272,482 3/31/09 8,639
  Indonesian Rupiah 275,592 3/31/09 8,737
  Japanese Yen 381,298 12/3/08 258
  Japanese Yen 302,690 12/3/08 (3,438)
  Japanese Yen 371,229 12/3/08 1,417
  Japanese Yen 748,827 12/3/08 507
  Malaysian Ringgit 1,200,700 2/12/09 8,332
  Malaysian Ringgit 667,000 2/12/09 (1,079)
  Malaysian Ringgit 299,953 2/12/09 (1,272)
  Malaysian Ringgit 1,380,327 2/12/09 8,413
  Malaysian Ringgit 686,300 2/12/09 1,974
  Malaysian Ringgit 503,758 4/14/09 (6,668)
  Malaysian Ringgit 246,135 4/14/09 (3,598)
  Malaysian Ringgit 903,783 4/14/09 (15,936)
  Philippine Peso 1,216,176 2/6/09 (18,557)
  Philippine Peso 2,253,000 2/6/09 (33,918)
  Philippine Peso 1,769,596 5/6/09 (44,203)
  Philippine Peso 91,041 12/24/10 9,382
  Pound Sterling 46,633,580 12/9/08 2,681,451
  Pound Sterling 8,327,306 1/13/09 (320,534)
  Pound Sterling 9,034,984 1/13/09 (340,432)
  Pound Sterling 8,013,484 1/13/09 (299,027)
  Singapore Dollar 789,947 1/16/09 19,542
  Singapore Dollar 420,000 1/16/09 (5,424)
  Singapore Dollar 1,596,619 4/14/09 (5,628)
  Singapore Dollar 1,074,000 4/14/09 (6,861)
  Singapore Dollar 2,479,474 4/14/09 (18,816)
  Singapore Dollar 1,067,000 4/14/09 (6,929)
  Singapore Dollar 817,625 7/30/09 (12,403)
  South African Rand 200,213 12/10/08 42,229
        $8,727,450
 
 
Vista Sells      
  Australian Dollar $232,760 1/30/09 ($3,809)
  Swiss Franc 656,496 1/30/09 13,579
        $9,770

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.

In a TBA transaction, the Fund commits to purchasing or selling securities for which all specific information is not yet known at the time of the trade, particularly the face amount and maturity date of the underlying security transactions. Securities purchased on a TBA basis are not settled until delivered to the Fund, normally 15 to 45 days later. In general the securities convert to a real pool at settlement.

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.

Bond Forward A forward contract is a contractual agreement made directly between two parties to buy or sell an underlying asset, usually a government bond, at an agreed-upon price and date in the future. The agreed-upon date is called the settlement date. The agreed upon price, which is set at the start of the agreement, is called the forward price. The forward price is also the price at which the forward contract will settle. In a forward transaction, no cash changes hands up-front. If the transaction is collateralized, exchange of margin will take place according to an agreed-upon schedule. Otherwise, no asset of any kind changes hands until the maturity of the contract. Consequently, counterparty credit risk can accumulate over the life of the contract. However, because no cash changes hands up-front, the amount of counterparty credit risk is limited to the mark-to-market profit of the contract, rather than the contract's full notional value. Forward contracts trade in the over-the-counter market in the same way physical bonds trade, and liquidity is typically identical to the underlying physical bond on which the forward contract is based.

The Fund had the following bond forward contracts open at November 30, 2008:

              Unrealized
      Principal Settlement Value at Trade Value At Appreciation
Fund Description   Amount Date Date 11/30/08 (Depreciation)
Investment Quality              
Bond              
  Federal Republic of Germany 4.25% due 7/4/2018 EUR 4,450,000 12/15/08 $5,951,291 $6,194,293 $243,002
  Government of United Kingdom 5.00% due 3/17/2018 GBP 3,900,000 12/18/08 6,310,630 6,488,855 178,225
  US Treasury Note 4.75% due 8/15/2017 USD (7,300,000) 12/15/08 (8,151,495) (8,447,536) (296,041)
  US Treasury Note 4.625% due 2/15/2017 USD (7,600,000) 12/15/08 (8,414,064) (8,736,946) (322,882)
              ($197,696)

Cost of Investment Securities for Federal Income Tax Purposes At November 30, 2008, the aggregate security unrealized appreciation and depreciation based on the cost of investment securities for U.S. federal income tax purposes were as follows:

        Net Unrealized
    Unrealized Unrealized Appreciation
Fund Aggregate Cost Appreciation (Depreciation) (Depreciation)
Absolute Return $5,609,886 - ($1,636,317) ($1,636,317)
 
Active Bond 692,014,498 $10,627,058 (101,296,375) (90,669,317)

All Cap Core 423,673,647 3,914,812 (98,088,532) (94,173,720)
All Cap Growth 76,457,453 5,047,271 (3,352,240) 1,695,031
All Cap Value 104,881,906 5,076,689 (12,250,774) (7,174,085)
Alpha Opportunities 255,767,814 7,315,266 (18,016,100) (10,700,834)
American Diversified Growth & Income 1,519,297 - (330,997) (330,997)
American Fundamental Holdings 1,446,720 1,899 (249,691) (247,792)
American Global Diversification 1,591,576 - (397,979) (397,979)
Blue Chip Growth 1,408,646,995 45,421,880 (314,574,565) (269,152,685)
Capital Appreciation 736,553,100 23,493,567 (121,217,814) (97,724,247)
Core Bond 227,117,936 3,047,694 (12,733,267) (9,685,573)
Core Equity 29,503,187 195,987 (20,209,272) (20,013,285)
Emerging Growth 4,459,123 - (992,623) (992,623)
Emerging Markets Value 716,090,110 2,597,015 (357,813,670) (355,216,655)
Emerging Small Company 30,186,478 1,145,072 (7,862,285) (6,717,213)
Equity-Income 880,633,186 8,649,694 (270,637,725) (261,988,031)
Fundamental Value 1,405,077,393 8,901,617 (406,609,540) (397,707,923)
Global Bond 1,090,246,565 28,856,480 (116,581,293) (87,724,813)
Global Real Estate 653,361,688 811,378 (240,630,020) (239,818,642)
High Income 595,959,853 13,611,151 (289,992,330) (276,381,179)
High Yield 1,854,163,417 2,466,162 (672,243,043) (669,776,881)
Index 500 2,506,194,836 5,834,389 (394,412,110) (388,577,721)
International Equity Index 514,619,159 4,857,733 (182,643,015) (177,785,282)
International Opportunities 746,914,531 5,386,476 (212,591,112) (207,204,636)
International Small Cap 432,668,337 2,571,888 (191,993,563) (189,421,675)
International Small Company 492,324,797 5,288,326 (235,268,690) (229,980,364)

International Value 1,509,209,048 5,740,819 (630,229,969) (624,489,150)
Investment Quality Bond 169,310,267 2,773,139 (19,813,014) (17,039,875)
Large Cap 230,554,414 3,625,190 (58,635,131) (55,009,941)
Large Cap Value 527,020,106 19,896,639 (143,131,822) (123,235,183)
Mid Cap Index 474,834,586 3,951,159 (140,920,690) (136,969,531)
Mid Cap Intersection 195,473,002 1,493,707 (59,794,644) (58,300,937)
Mid Cap Stock 597,867,161 16,482,753 (148,978,280) (132,495,527)
Mid Cap Value 160,340,554 4,352,107 (55,289,696) (50,937,589)
Mid Cap Value Equity 100,827,238 1,876,663 (37,887,840) (36,011,177)
Natural Resources 579,458,625 6,731,766 (204,744,128) (198,012,362)
Optimized All Cap 4,576,643 48,442 (1,339,402) (1,290,960)
Real Estate Equity 279,920,957 141,365 (112,596,201) (112,454,836)
Real Estate Securities 88,303,924 566,661 (30,796,195) (30,229,534)
Real Return Bond 1,461,800,299 6,260,111 (85,058,133) (78,798,022)
Small Cap Growth 97,765,962 2,336,153 (11,734,679) (9,398,526)
Small Cap Index 133,133,722 2,397,601 (44,830,481) (42,432,880)
Small Cap Opportunities 138,384,670 3,788,655 (41,478,563) (37,689,908)
Small Company 55,497,289 919,788 (16,590,686) (15,670,898)
Small Company Growth 164,478,157 5,631,566 (46,652,377) (41,020,811)
Small Company Value 502,875,750 26,744,733 (149,604,185) (122,859,452)
Smaller Company Growth 119,854,481 3,246,671 (17,664,102) (14,417,431)
Spectrum Income 1,073,783,910 15,286,306 (163,405,368) (148,119,062)
Strategic Bond 636,309,842 5,005,648 (153,794,108) (148,788,460)
Strategic Income 478,257,087 6,443,907 (101,570,459) (95,126,552)
Total Bond Market 542,139,749 10,678,252 (2,453,115) 8,225,137

Total Return 2,699,998,222 40,334,877 (171,122,389) (130,787,512)
U.S. Government Securities 211,250,024 2,581,822 (29,132,983) (26,551,161)
U.S. High Yield Bond 599,798,580 120,791 (169,329,094) (169,208,303)
U.S. Multi Sector 630,028,755 18,376,274 (127,337,772) (108,961,498)
Value 27,681,471 25,392 (8,410,357) (8,384,965)
Value & Restructuring 414,167,863 6,697,183 (119,607,869) (112,910,686)
Vista 85,392,855 3,527,550 (13,061,731) (9,534,181)

Investment in Affiliated Underlying Funds Franklin Templeton Founding Allocation Portfolio, Index Allocation Portfolio and the Lifestyle Portfolios invest primarily in affiliated underlying funds that are managed by affiliates of the Adviser. The Portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the Portfolio's investment may represent a significant portion of each underlying fund's net assets. For the period ended November 30, 2008, the Absolute Return Portfolio did not hold 5% or more of any of the underlying Funds' net assets.


JOHN HANCOCK FUNDS II
PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited)
(showing percentage of total net assets)

Optimized Value Fund       
  Shares or     
  Principal     
  Amount    Value 
COMMON STOCKS - 96.53%       
 
Aerospace - 1.54%       
Goodrich Corp.  106,636  $  3,588,302 
Spirit Aerosystems Holdings, Inc., Class A *  259,786    2,351,063 
      5,939,365 
Agriculture - 0.26%       
The Mosaic Company  32,974    1,000,761 
 
Air Travel - 1.07%       
Continental Airlines, Inc., Class B *  279,338    4,100,682 
 
Banking - 2.18%       
Bank of America Corp.  407,001    6,613,766 
PNC Financial Services Group, Inc.  33,241    1,754,128 
      8,367,894 
Chemicals - 1.44%       
Celanese Corp., Series A  187,219    2,162,379 
Praxair, Inc.  56,872    3,358,292 
      5,520,671 
Commercial Services - 2.15%       
General Electric Company  481,862    8,273,570 
 
Computers & Business Equipment - 3.00%       
Brocade Communications Systems, Inc. *  740,810    2,385,408 
Hewlett-Packard Company  94,452    3,332,267 
International Business Machines Corp.  37,913    3,093,701 
Pitney Bowes, Inc.  110,734    2,736,237 
      11,547,613 
Construction Materials - 0.68%       
The Sherwin-Williams Company  44,675    2,632,698 
 
Cosmetics & Toiletries - 4.10%       
Colgate-Palmolive Company  101,592    6,610,591 
Procter & Gamble Company  142,497    9,169,682 
      15,780,273 
Crude Petroleum & Natural Gas - 4.73%       
Apache Corp.  58,211    4,499,710 
Occidental Petroleum Corp.  75,032    4,062,232 
Plains Exploration & Production Company *  207,758    4,809,598 
XTO Energy, Inc.  125,803    4,810,707 
      18,182,247 
Educational Services - 0.68%       
Strayer Education, Inc.  10,834    2,595,935 
 
Electrical Equipment - 0.26%       
Cooper Industries, Ltd., Class A  41,085    991,792 
 
Electrical Utilities - 5.01%       
Dominion Resources, Inc.  171,012    6,296,662 
DPL, Inc.  282,155    5,874,467 
Edison International  69,482    2,320,699 
FirstEnergy Corp.  81,485    4,773,391 
       19,265,219 
Electronics - 0.65%       
Amphenol Corp., Class A  108,462    2,518,488 
 
Financial Services - 12.22%       
Bank of New York Mellon Corp.  234,834    7,094,335 
Broadridge Financial Solutions, Inc.  242,025    2,759,085 
Charles Schwab Corp.  257,660    4,722,908 

Optimized Value Fund (continued)       
  Shares or     
  Principal     
  Amount    Value 
 
COMMON STOCKS (continued)       
 
Financial Services (continued)       
Goldman Sachs Group, Inc.  31,486  $  2,487,079 
JPMorgan Chase & Company  226,190    7,161,175 
MasterCard, Inc., Class A (a)  29,438    4,277,341 
State Street Corp.  142,434    5,997,896 
Visa, Inc.  55,599    2,922,284 
Wells Fargo & Company  330,353    9,543,898 
      46,966,001 
Food & Beverages - 2.74%       
Flowers Foods, Inc.  163,557    4,380,056 
McCormick & Company, Inc.  206,565    6,149,440 
      10,529,496 
Gas & Pipeline Utilities - 1.00%       
Williams Companies, Inc.  237,917    3,859,014 
 
Healthcare Products - 5.04%       
Baxter International, Inc.  130,600    6,908,740 
Gen-Probe, Inc. *  83,857    3,090,130 
Johnson & Johnson  159,945    9,369,578 
      19,368,448 
Healthcare Services - 2.44%       
DaVita, Inc. *  91,709    4,608,377 
Express Scripts, Inc. *  82,937    4,769,707 
      9,378,084 
Hotels & Restaurants - 1.48%       
Yum! Brands, Inc.  211,834    5,706,808 
 
Household Products - 0.67%       
Jarden Corp. *  207,381    2,588,115 
 
Insurance - 7.60%       
ACE, Ltd.  88,018    4,598,941 
American Financial Group, Inc.  199,034    4,078,207 
Arch Capital Group, Ltd. *  65,614    4,447,973 
Endurance Specialty Holdings, Ltd.  157,845    4,249,187 
ING Groep NV, SADR (a)  101,039    846,707 
RenaissanceRe Holdings, Ltd.  53,418    2,517,590 
The Travelers Companies, Inc.  107,136    4,676,486 
Willis Group Holdings, Ltd.  165,400    3,815,778 
      29,230,869 
International Oil - 10.84%       
Chevron Corp.  143,032    11,300,958 
ConocoPhillips  206,102    10,824,477 
Exxon Mobil Corp.  243,754    19,536,883 
      41,662,318 
Manufacturing - 0.93%       
Honeywell International, Inc.  37,120    1,034,163 
Snap-on, Inc.  70,545    2,543,147 
      3,577,310 
Multimedia - 0.88%       
Time Warner, Inc.  375,455    3,397,868 
 
Paper - 0.26%       
Domtar Corp. *  713,230    998,522 
 
Petroleum Services - 2.06%       
ENSCO International, Inc.  109,017    3,533,241 

The accompanying notes are an integral part of the financial statements. 
1

JOHN HANCOCK FUNDS II
PORTFOLIO OF INVESTMENTS - November 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Optimized Value Fund (continued)       
    Shares or     
    Principal     
    Amount       Value 
 
COMMON STOCKS (continued)         
 
Petroleum Services (continued)         
Petro-Canada    175,038  $  4,384,702 
        7,917,943 
 
Pharmaceuticals - 3.85%         
Abbott Laboratories    173,951    9,113,293 
Pfizer, Inc.    345,823    5,681,872 
        14,795,165 
Real Estate - 1.19%         
Boston Properties, Inc., REIT    31,902    1,703,567 
Equity Residential, REIT    93,993    2,860,207 
        4,563,774 
 
Retail Trade - 2.75%         
GameStop Corp., Class A *    70,760    1,546,106 
Ross Stores, Inc.    340,262    9,016,943 
        10,563,049 
Sanitary Services - 4.02%         
Allied Waste Industries, Inc. *    611,185    6,564,127 
Ecolab, Inc.    84,842    3,257,084 
Stericycle, Inc. *    98,138    5,623,308 
        15,444,519 
Semiconductors - 0.37%         
PMC-Sierra, Inc. *    350,162    1,404,150 
 
Steel - 0.23%         
United States Steel Corp.    28,479    865,761 
 
Telecommunications Equipment &         
Services - 4.23%         
Amdocs, Ltd. *    162,236    3,048,415 
American Tower Corp., Class A *    147,429    4,015,966 
Embarq Corp.    281,421    9,185,581 
        16,249,962 
 
Telephone - 2.44%         
AT&T, Inc.    328,735    9,388,671 
 
Tobacco - 1.54%         
Altria Group, Inc.    368,333    5,922,795 
TOTAL COMMON STOCKS (Cost $449,984,508)  $  371,095,850 
SHORT TERM INVESTMENTS - 3.58%       
Federal Home Loan Bank Consolidated Discount       
    Notes         
    zero coupon due 12/01/2008  $  9,060,000  $  9,060,000 
John Hancock Cash         
   Investment Trust, 1.6231% (c)(f)    4,686,776    4,686,776 
TOTAL SHORT TERM INVESTMENTS       
(Cost $13,746,776)      $  13,746,776 

Optimized Value Fund (continued)         
     Shares or     
    Principal     
    Amount    Value 
 
REPURCHASE AGREEMENTS - 0.91%         
Repurchase Agreement with State         
   Street Corp. dated 11/28/2008 at         
   0.05% to be repurchased at         
   $3,505,015 on 12/1/2008,         
   collateralized by $3,025,000 U.S.         
   Treasury Bonds, 4.5% due         
   05/15/2038 (valued at $3,576,155,         
   including interest)  $   3,505,000    3,505,000 
TOTAL REPURCHASE AGREEMENTS         
(Cost $3,505,000)      $  3,505,000 
Total Investments (Optimized Value Fund)         
   (Cost $467,236,284) - 101.02%      $  388,347,626 
Liabilities in Excess of Other Assets - (1.02)%        (3,918,530) 
TOTAL NET ASSETS - 100.00%      $  384,429,096 

Footnotes

Percentages are stated as a percent of net assets.

* Non-Income Producing

(a) All or a portion of this security was out on loan.

(c) The investment is an affiliate of the fund, the adviser and/or the subadviser.

(f) John Hancock Cash Investment Trust is managed by MFC Global Investment Management (U.S.), LLC, and represents investment of securities lending collateral.

The rate shown is the seven-day effective yield at period end.

Key to Security Abbreviations and Legend

 REIT - Real Estate Investment Trust

The accompanying notes are an integral part of the financial statements. 
2

Notes to the Schedule of Investments (Unaudited)

Security valuation

The net asset value of the Fund is determined daily as of the close of the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. Short-term debt investments that have a remaining maturity 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. All other securities held by the Fund 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 the principal securities exchange (domestic or foreign) on which they trade 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 evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, which take into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. Investments in John Hancock Cash Investment Trust (JHCIT), an affiliate of John Hancock Advisers, LLC (the Adviser), a wholly owned subsidiary of John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation, are valued at their net asset value each business day

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

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity.

The Fund adopted Statement of Financial Accounting Standards No. 157 (FAS 157), Fair Value Measurements, effective with the beginning of the Fund’s fiscal year. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.

Level 3 – Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s net assets as of November 30, 2008:

  Investments in  Other Financial 
Valuation Inputs  Securities  Instruments* 
Level 1 – Quoted Prices  $375,782,626  - 
Level 2 – Other Significant Observable Inputs  12,565,000  - 
Level 3 – Significant Unobservable Inputs  -  - 
Total  $388,347,626  - 

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

Federal income tax cost

At November 30, 2008, the aggregate cost of investment securities for federal income tax purposes was $467,236,284. Net unrealized depreciation aggregated $78,888,658, of which $11,750,532 related to appreciated investment securities and $90,639,190 related to depreciated investment securities.

Repurchase agreements

Pursuant to an exemptive order issued by the SEC, the Fund, along with other registered investment companies having a management contract with the Adviser, may participate in a joint repurchase agreement transaction. Aggregate cash balances are invested in one or more large repurchase agreements, whose underlying securities are obligations of the U.S. government and/or its agencies. The Fund’s custodian bank receives delivery of the underlying securities for the joint account on the Fund’s behalf. When a Fund enters into a repurchase agreement, it receives delivery of collateral, 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 value is generally 102% of the repurchase amount.

Securities lending

The Fund may lend portfolio securities from time to time in order to earn additional income. The Fund retains beneficial ownership of the securities it has loaned and continues to receive interest and dividends paid by the issuer of securities and to participate in any changes in their value. On the settlement date of the loan, the Fund receives cash collateral against the loaned securities and maintain the cash collateral in an amount not less than 102% of the market value of the loaned securities for U.S. equity and corporate securities and 105% for foreign equity and corporate securities 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 cash collateral is delivered to the Fund on the next business day. Cash collateral received is invested in the JHCIT. The Fund may receive compensation for lending their securities either in the form of fees, guarantees, and/or by retaining a portion of interest on the investment of any cash received as collateral. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. The Fund bears the risk in the event that invested collateral is not sufficient to meet obligations due on loans.

Risk and Uncertainties

Concentration risk

The Funds may concentrate investments in a particular industry, sector of the economy or invest in a limited number of companies. Accordingly, the concentration may make the Fund’s value

more volatile and investment values may rise and fall more rapidly. In addition, a fund with a concentration is particularly susceptible to the impact of market, economic, regulatory and other factors affecting the specific concentration.

Sector risk — financial industry

Fund performance will be closely tied to a single sector of the economy, which may underperform other sectors over any given period of time. Financial services companies can be hurt by economic declines, changes in interest rates, regulatory and market impacts. Accordingly, the concentration may make the Fund’s value more volatile and investment values may rise and fall more rapidly.


Item 2. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers have concluded, based upon their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto as EX-99.CERT.

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.

Registrant: John Hancock Funds II

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

Date: January 23, 2009

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
Keith F. Hartstein
President and
Chief Executive Officer

Date: January 23, 2009

/S/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer

Date: January 23, 2009