A message to shareholders
John Hancock
Multimanager Lifetime Portfolios
Table of contents
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 1 |
Multimanager Lifetime Portfolios’ strategy
at a glance
A SIMPLE, STRATEGIC PATH TO HELP
YOU REACH YOUR RETIREMENT GOALS
Multimanager Lifetime Portfolios
make diversification easy because the asset mix of each portfolio automatically changes over time.
■Portfolios with dates further off initially invest more aggressively in stock funds.
■As a portfolio approaches its target date,1 the allocation will gradually migrate to more conservative fixed-income funds.
■Once the target date is reached, the allocation will continue to become increasingly conservative until it reaches the end of its glide path, investing primarily in
fixed-income funds.
JOHN HANCOCK MULTIMANAGER
LIFETIME PORTFOLIOS—AUTOMATICALLY ADJUST OVER TIME2
The chart below illustrates how the
asset allocation mix of John Hancock Multimanager Lifetime Portfolios adjusts over time.
The principal value of each portfolio
is not guaranteed and you could lose money at any time, including at or after the target date.
1 Based on an estimated retirement date.
2 Allocations may vary as a result of market activity or cash allocations held during unusual market or economic conditions.
| 2 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
Portfolio summary
MULTIMANAGER
2065-2010 LIFETIME PORTFOLIOS’ CLASS A SHARE RETURNS (%)
For the six
months ended 2/29/2024
Total returns for
the portfolios exclude sales charges and assume all distributions are reinvested. The deduction of a class’ maximum sales charge would reduce the performance shown above.
Past performance
does not guarantee future results.
| MARKET INDEX TOTAL RETURNS | ||
| For the six months ended 2/29/2024 | ||
| U.S. Stocks | S&P 500 Index | 13.93% |
| Russell Midcap Index | 11.53% | |
| Russell 2000 Index | 8.97% | |
| FTSE NAREIT All Equity REIT Index | 6.35% | |
| International Stocks | MSCI EAFE Index | 9.23% |
| MSCI Emerging Markets Index | 4.93% | |
| MSCI EAFE Small Cap Index | 4.87% | |
| Fixed Income | Bloomberg U.S. Aggregate Bond Index | 2.35% |
| ICE Bank of America U.S. High Yield Index | 6.15% | |
| JPMorgan Global Government Bonds Unhedged Index | 1.15% | |
Market index
total returns are included here as broad measures of market performance.
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 3 |
Multimanager 2065 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 91.4 |
| Equity | 86.9 |
| U.S. large cap | 27.2 |
| International equity | 23.1 |
| Large blend | 16.8 |
| U.S. mid cap | 10.9 |
| Emerging-market equity | 5.9 |
| U.S. small cap | 2.1 |
| Sector equity | 0.9 |
| Fixed income | 2.4 |
| Short-term bond | 1.3 |
| High yield bond | 0.6 |
| Emerging-market debt | 0.5 |
| Alternative and specialty | 2.1 |
| Sector equity | 2.1 |
| Unaffiliated investment companies | 6.5 |
| Equity | 6.5 |
| U.S. Government | 1.9 |
| Short-term investments and other | 0.2 |
Multimanager 2060 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 91.2 |
| Equity | 86.8 |
| U.S. large cap | 27.0 |
| International equity | 22.9 |
| Large blend | 16.8 |
| U.S. mid cap | 10.9 |
| Emerging-market equity | 6.2 |
| U.S. small cap | 2.1 |
| Sector equity | 0.9 |
| Fixed income | 2.3 |
| Short-term bond | 1.2 |
| Emerging-market debt | 0.6 |
| High yield bond | 0.5 |
| Alternative and specialty | 2.1 |
| Sector equity | 2.1 |
| Unaffiliated investment companies | 6.6 |
| Equity | 6.6 |
| U.S. Government | 2.0 |
| Short-term investments and other | 0.2 |
Multimanager 2055 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 91.3 |
| Equity | 86.9 |
| 4 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| ASSET ALLOCATION (% of net assets) | |
| U.S. large cap | 27.0 |
| International equity | 22.8 |
| Large blend | 16.9 |
| U.S. mid cap | 10.9 |
| Emerging-market equity | 6.3 |
| U.S. small cap | 2.1 |
| Sector equity | 0.9 |
| Fixed income | 2.3 |
| Short-term bond | 1.2 |
| Emerging-market debt | 0.6 |
| High yield bond | 0.5 |
| Alternative and specialty | 2.1 |
| Sector equity | 2.1 |
| Unaffiliated investment companies | 6.5 |
| Equity | 6.5 |
| U.S. Government | 2.0 |
| Short-term investments and other | 0.2 |
Multimanager 2050 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 91.2 |
| Equity | 86.9 |
| U.S. large cap | 26.9 |
| International equity | 22.7 |
| Large blend | 17.1 |
| U.S. mid cap | 10.9 |
| Emerging-market equity | 6.4 |
| U.S. small cap | 2.0 |
| Sector equity | 0.9 |
| Fixed income | 2.2 |
| Short-term bond | 1.2 |
| Emerging-market debt | 0.5 |
| High yield bond | 0.5 |
| Alternative and specialty | 2.1 |
| Sector equity | 2.1 |
| Unaffiliated investment companies | 6.6 |
| Equity | 6.6 |
| U.S. Government | 2.1 |
| Short-term investments and other | 0.1 |
Multimanager 2045 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 91.0 |
| Equity | 82.6 |
| U.S. large cap | 25.7 |
| International equity | 22.2 |
| Large blend | 16.3 |
| U.S. mid cap | 10.0 |
| Emerging-market equity | 5.8 |
| U.S. small cap | 1.7 |
| Sector equity | 0.9 |
| Fixed income | 5.3 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 5 |
| ASSET ALLOCATION (% of net assets) | |
| Intermediate bond | 2.5 |
| Short-term bond | 1.1 |
| Emerging-market debt | 1.0 |
| High yield bond | 0.7 |
| Alternative and specialty | 3.1 |
| Sector equity | 3.1 |
| Unaffiliated investment companies | 6.2 |
| Equity | 6.2 |
| U.S. Government | 2.6 |
| Short-term investments and other | 0.2 |
Multimanager 2040 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 90.9 |
| Equity | 74.7 |
| U.S. large cap | 22.2 |
| International equity | 21.6 |
| Large blend | 15.4 |
| U.S. mid cap | 8.5 |
| Emerging-market equity | 4.8 |
| U.S. small cap | 1.4 |
| Sector equity | 0.8 |
| Fixed income | 11.7 |
| Intermediate bond | 7.1 |
| Emerging-market debt | 1.9 |
| High yield bond | 1.3 |
| Short-term bond | 1.0 |
| Multi-sector bond | 0.4 |
| Alternative and specialty | 4.5 |
| Sector equity | 4.5 |
| Unaffiliated investment companies | 5.5 |
| Equity | 5.5 |
| U.S. Government | 3.4 |
| Short-term investments and other | 0.2 |
Multimanager 2035 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 90.9 |
| Equity | 65.8 |
| International equity | 20.3 |
| U.S. large cap | 19.7 |
| Large blend | 12.8 |
| U.S. mid cap | 7.0 |
| Emerging-market equity | 4.1 |
| U.S. small cap | 1.1 |
| Sector equity | 0.8 |
| Fixed income | 19.3 |
| 6 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| ASSET ALLOCATION (% of net assets) | |
| Intermediate bond | 12.5 |
| Emerging-market debt | 3.0 |
| High yield bond | 2.0 |
| Short-term bond | 1.0 |
| Multi-sector bond | 0.8 |
| Alternative and specialty | 5.8 |
| Sector equity | 5.8 |
| Unaffiliated investment companies | 4.6 |
| Equity | 4.6 |
| U.S. Government | 4.3 |
| Short-term investments and other | 0.2 |
Multimanager 2030 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 89.8 |
| Equity | 54.4 |
| International equity | 19.2 |
| U.S. large cap | 15.2 |
| Large blend | 10.4 |
| U.S. mid cap | 5.5 |
| Emerging-market equity | 2.9 |
| Sector equity | 0.7 |
| U.S. small cap | 0.5 |
| Fixed income | 28.1 |
| Intermediate bond | 15.4 |
| Emerging-market debt | 3.6 |
| Short-term bond | 3.1 |
| Multi-sector bond | 2.8 |
| High yield bond | 2.4 |
| Bank loan | 0.8 |
| Alternative and specialty | 7.3 |
| Sector equity | 7.3 |
| Unaffiliated investment companies | 4.2 |
| Equity | 4.2 |
| U.S. Government | 5.8 |
| Short-term investments and other | 0.2 |
Multimanager 2025 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 90.0 |
| Equity | 41.7 |
| International equity | 16.6 |
| U.S. large cap | 11.3 |
| Large blend | 6.9 |
| U.S. mid cap | 4.0 |
| Emerging-market equity | 1.8 |
| Sector equity | 0.6 |
| U.S. small cap | 0.5 |
| Fixed income | 39.6 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 7 |
| ASSET ALLOCATION (% of net assets) | |
| Intermediate bond | 20.8 |
| Short-term bond | 5.2 |
| Emerging-market debt | 4.6 |
| Multi-sector bond | 4.5 |
| High yield bond | 3.1 |
| Bank loan | 1.4 |
| Alternative and specialty | 8.7 |
| Sector equity | 8.7 |
| Unaffiliated investment companies | 3.1 |
| Equity | 3.1 |
| U.S. Government | 6.7 |
| Short-term investments and other | 0.2 |
Multimanager 2020 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 89.9 |
| Equity | 33.9 |
| International equity | 15.1 |
| U.S. large cap | 7.7 |
| Large blend | 6.1 |
| U.S. mid cap | 2.8 |
| Emerging-market equity | 1.1 |
| Sector equity | 0.6 |
| U.S. small cap | 0.5 |
| Fixed income | 47.1 |
| Intermediate bond | 24.7 |
| Short-term bond | 7.2 |
| Emerging-market debt | 5.1 |
| Multi-sector bond | 4.7 |
| High yield bond | 3.4 |
| Bank loan | 2.0 |
| Alternative and specialty | 8.9 |
| Sector equity | 8.9 |
| Unaffiliated investment companies | 2.4 |
| Equity | 2.4 |
| U.S. Government | 7.4 |
| Short-term investments and other | 0.3 |
Multimanager 2015 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 89.7 |
| Equity | 29.0 |
| International equity | 13.6 |
| U.S. large cap | 7.8 |
| Large blend | 5.3 |
| U.S. mid cap | 1.8 |
| Emerging-market equity | 0.5 |
| Fixed income | 53.2 |
| 8 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| ASSET ALLOCATION (% of net assets) | |
| Intermediate bond | 27.5 |
| Short-term bond | 9.1 |
| Emerging-market debt | 5.4 |
| Multi-sector bond | 5.0 |
| High yield bond | 3.6 |
| Bank loan | 2.6 |
| Alternative and specialty | 7.5 |
| Sector equity | 7.5 |
| Unaffiliated investment companies | 2.3 |
| Equity | 2.3 |
| U.S. Government | 7.9 |
| Short-term investments and other | 0.1 |
Multimanager 2010 Lifetime
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 89.6 |
| Equity | 22.9 |
| International equity | 12.0 |
| U.S. large cap | 6.1 |
| Large blend | 3.9 |
| U.S. mid cap | 0.9 |
| Fixed income | 59.2 |
| Intermediate bond | 29.7 |
| Short-term bond | 11.5 |
| Emerging-market debt | 5.7 |
| Multi-sector bond | 5.3 |
| High yield bond | 3.8 |
| Bank loan | 3.2 |
| Alternative and specialty | 7.5 |
| Sector equity | 7.5 |
| Unaffiliated investment companies | 1.7 |
| Equity | 1.7 |
| U.S. Government | 8.5 |
| Short-term investments and other | 0.2 |
Notes about risk
The portfolios may be subject to
various risks as described in the portfolios’ prospectuses. Political tensions, armed conflicts, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a
country into an economic recession. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may lead to less liquidity in
certain instruments, industries, sectors or the markets generally, and may ultimately affect portfolio performance. For more information, please refer to the “Principal risks” section of the
prospectuses.
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 9 |
Your expenses
As a shareholder of a John Hancock
Funds II Multimanager Lifetime Portfolio, you incur two types of costs: (1) transaction costs, including sales charges (loads) on certain purchases or redemptions, and (2) ongoing costs, including management fees,
distribution and service (Rule 12b-1) fees, and other portfolio expenses. In addition to the operating expenses which each portfolio bears directly, each portfolio indirectly bears a pro rata share of the operating
expenses of the underlying funds in which each portfolio invests. Because underlying funds have varied operating expenses and transaction costs, and a portfolio may own different proportions of the underlying funds at
different times, the amount of expenses incurred indirectly by the portfolio will vary. Had these indirect expenses been reflected in the following analysis, total expenses would have been higher than the amounts
shown.
These examples are intended to help
you understand your ongoing costs (in dollars) of investing in a portfolio so you can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 at
the beginning of the period and held for the entire period (September 1, 2023 through February 29, 2024).
Actual expenses:
The first line of each share class
in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over
the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled
“Expenses paid during period ended” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison
purposes:
The second line of each share class
in the following table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed annualized rate of return of 5% per year
before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You
may use this information to compare the ongoing costs of investing in a portfolio and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder
reports of the other funds. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown
in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only, and will
not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher. See the portfolios’ prospectuses for details
regarding transaction costs.
SHAREHOLDER EXPENSE EXAMPLE
CHART
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Multimanager 2065 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,110.20 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,111.20 | 0.63 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,110.80 | 1.36 | 0.26% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.31 | 0.26% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,111.00 | 0.79 | 0.15% |
| Hypothetical example | 1,000.00 | 1,024.10 | 0.75 | 0.15% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,111.90 | 0.21 | 0.04% |
| Hypothetical example | 1,000.00 | 1,024.70 | 0.20 | 0.04% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,112.30 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,112.00 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 10 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Multimanager 2060 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,110.40 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,112.20 | 0.63 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,109.60 | 2.68 | 0.51% |
| Hypothetical example | 1,000.00 | 1,022.30 | 2.56 | 0.51% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,111.60 | 0.95 | 0.18% |
| Hypothetical example | 1,000.00 | 1,024.00 | 0.91 | 0.18% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,112.00 | 0.32 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,112.30 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,112.00 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2055 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,110.70 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,111.40 | 0.63 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,108.90 | 2.62 | 0.50% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.51 | 0.50% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,111.20 | 0.84 | 0.16% |
| Hypothetical example | 1,000.00 | 1,024.10 | 0.81 | 0.16% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,111.90 | 0.32 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,112.40 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,111.00 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2050 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,109.40 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,111.10 | 0.63 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,109.50 | 2.57 | 0.49% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.46 | 0.49% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,110.90 | 1.31 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,111.60 | 0.32 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,113.00 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,111.90 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 11 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Multimanager 2045 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,105.70 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,106.50 | 0.63 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,105.30 | 2.62 | 0.50% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.51 | 0.50% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,105.70 | 1.31 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,106.70 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,107.60 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,108.20 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2040 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,097.00 | $2.19 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,099.00 | 0.63 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,096.80 | 2.61 | 0.50% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.51 | 0.50% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,097.30 | 1.30 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,098.30 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,099.20 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,098.60 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2035 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,086.20 | $2.18 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,088.80 | 0.62 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,087.00 | 2.65 | 0.51% |
| Hypothetical example | 1,000.00 | 1,022.30 | 2.56 | 0.51% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,088.80 | 1.09 | 0.21% |
| Hypothetical example | 1,000.00 | 1,023.80 | 1.06 | 0.21% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,088.90 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,088.40 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,089.00 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 12 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Multimanager 2030 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,076.10 | $2.17 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,078.20 | 0.62 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,076.00 | 2.58 | 0.50% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.51 | 0.50% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,075.90 | 1.29 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,077.70 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,078.20 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,077.70 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2025 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,064.10 | $2.16 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,066.20 | 0.62 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,062.60 | 2.62 | 0.51% |
| Hypothetical example | 1,000.00 | 1,022.30 | 2.56 | 0.51% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,063.50 | 1.33 | 0.26% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.31 | 0.26% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,065.70 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,066.30 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,065.70 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2020 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,056.40 | $2.15 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,059.30 | 0.61 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,057.20 | 2.46 | 0.48% |
| Hypothetical example | 1,000.00 | 1,022.50 | 2.41 | 0.48% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,057.00 | 1.28 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,058.70 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,059.40 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,058.90 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 13 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Multimanager 2015 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,051.50 | $2.14 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,053.10 | 0.61 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,052.40 | 2.60 | 0.51% |
| Hypothetical example | 1,000.00 | 1,022.30 | 2.56 | 0.51% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,054.30 | 0.77 | 0.15% |
| Hypothetical example | 1,000.00 | 1,024.10 | 0.75 | 0.15% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,053.70 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,054.20 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,053.80 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Multimanager 2010 Lifetime Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,045.80 | $2.14 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class I | Actual expenses/actual returns | 1,000.00 | 1,050.30 | 0.61 | 0.12% |
| Hypothetical example | 1,000.00 | 1,024.30 | 0.60 | 0.12% | |
| Class R2 | Actual expenses/actual returns | 1,000.00 | 1,047.80 | 2.29 | 0.45% |
| Hypothetical example | 1,000.00 | 1,022.60 | 2.26 | 0.45% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,047.50 | 1.27 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R5 | Actual expenses/actual returns | 1,000.00 | 1,049.40 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,048.40 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,049.50 | 0.25 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period). |
| 2 | Ratios do not include expenses indirectly incurred by the underlying funds and can vary based on the mix of underlying funds held by the portfolios. |
| 14 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
Portfolios’ investments
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 15 |
| 16 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 17 |
| 18 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 19 |
| 20 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 21 |
| 22 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 23 |
| 24 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 25 |
| 26 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
MULTIMANAGER 2010 LIFETIME PORTFOLIO
(continued)
Percentages are based upon net
assets.
Security Abbreviations and Legend
| JHBT | John Hancock Bond Trust |
| JHF II | John Hancock Funds II |
| JHF III | John Hancock Funds III |
| JHIT | John Hancock Investment Trust |
| JHIT II | John Hancock Investment Trust II |
| JHSB | John Hancock Sovereign Bond Fund |
| PO | Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase. |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| (A) | The underlying funds’ subadvisor is shown parenthetically. |
| (B) | The subadvisor is an affiliate of the advisor. |
| (C) | Non-income producing. |
| (D) | Formerly known as Small Cap Growth Fund. |
| (E) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
| (F) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
| (G) | The rate shown is the annualized seven-day yield as of 2-29-24. |
| (H) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
| (I) | Restricted security as to resale, excluding 144A securities. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 27 |
Financial statements
STATEMENTS OF ASSETS AND
LIABILITIES 2-29-24 (unaudited)
| Multimanager 2065 Lifetime Portfolio | Multimanager 2060 Lifetime Portfolio | Multimanager 2055 Lifetime Portfolio | Multimanager 2050 Lifetime Portfolio | |
| Assets | ||||
| Unaffiliated investments, at value | $6,585,286 | $24,186,775 | $34,773,851 | $52,196,487 |
| Affiliated investments, at value | 71,374,866 | 257,750,615 | 370,517,567 | 553,640,247 |
| Total investments, at value | 77,960,152 | 281,937,390 | 405,291,418 | 605,836,734 |
| Dividends and interest receivable | 11,053 | 52,931 | 82,010 | 129,066 |
| Receivable for fund shares sold | 172,575 | 296,812 | 615,130 | 339,126 |
| Receivable from affiliates | 1,569 | 3,911 | 4,605 | 5,590 |
| Other assets | 46,350 | 78,673 | 79,989 | 89,488 |
| Total assets | 78,191,699 | 282,369,717 | 406,073,152 | 606,400,004 |
| Liabilities | ||||
| Payable for investments purchased | 177,196 | 318,635 | 614,224 | 306,851 |
| Payable for fund shares repurchased | 3,068 | 4,665 | 50,954 | 88,155 |
| Payable to affiliates | ||||
| Accounting and legal services fees | 4,065 | 15,287 | 22,174 | 33,547 |
| Transfer agent fees | 119 | 1,208 | 3,304 | 7,969 |
| Distribution and service fees | 8 | 297 | 430 | 985 |
| Trustees’ fees | 27 | 128 | 198 | 311 |
| Other liabilities and accrued expenses | 30,014 | 31,461 | 32,405 | 36,480 |
| Total liabilities | 214,497 | 371,681 | 723,689 | 474,298 |
| Net assets | $77,977,202 | $281,998,036 | $405,349,463 | $605,925,706 |
| Net assets consist of | ||||
| Paid-in capital | $74,254,240 | $271,653,201 | $388,482,388 | $577,391,692 |
| Total distributable earnings (loss) | 3,722,962 | 10,344,835 | 16,867,075 | 28,534,014 |
| Net assets | $77,977,202 | $281,998,036 | $405,349,463 | $605,925,706 |
| Unaffiliated investments, at cost | $6,385,431 | $24,162,740 | $35,108,939 | $53,155,594 |
| Affiliated investments, at cost | 65,384,230 | 239,274,840 | 341,106,921 | 505,822,243 |
| Total investments, at cost | 71,769,661 | 263,437,580 | 376,215,860 | 558,977,837 |
| Net asset value per share | ||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||
| Class A1 | ||||
| Net assets | $905,193 | $11,603,707 | $33,272,333 | $82,874,604 |
| Shares outstanding | 74,136 | 912,321 | 2,974,528 | 7,172,390 |
| Net asset value and redemption price per share | $12.21 | $12.72 | $11.19 | $11.55 |
| Class I | ||||
| Net assets | $156,823 | $165,128 | $685,550 | $947,862 |
| Shares outstanding | 12,835 | 12,937 | 61,134 | 81,831 |
| Net asset value, offering price and redemption price per share | $12.22 | $12.76 | $11.21 | $11.58 |
| Class R2 | ||||
| Net assets | $63,116 | $1,005,370 | $1,218,519 | $4,179,530 |
| Shares outstanding | 5,167 | 79,064 | 109,041 | 361,898 |
| Net asset value, offering price and redemption price per share | $12.22 | $12.72 | $11.17 | $11.55 |
| Class R4 | ||||
| Net assets | $61,805 | $67,572 | $48,428 | $1,059,494 |
| Shares outstanding | 5,060 | 5,301 | 4,319 | 91,674 |
| Net asset value, offering price and redemption price per share | $12.21 | $12.75 | $11.21 | $11.56 |
| Class R5 | ||||
| Net assets | $301,944 | $2,749,021 | $4,685,860 | $4,524,082 |
| Shares outstanding | 24,705 | 215,737 | 417,463 | 390,345 |
| Net asset value, offering price and redemption price per share | $12.22 | $12.74 | $11.22 | $11.59 |
| Class R6 | ||||
| Net assets | $5,617,079 | $31,324,469 | $43,992,369 | $59,571,112 |
| Shares outstanding | 459,473 | 2,454,732 | 3,920,627 | 5,137,499 |
| Net asset value, offering price and redemption price per share | $12.23 | $12.76 | $11.22 | $11.60 |
| Class 1 | ||||
| Net assets | $70,871,242 | $235,082,769 | $321,446,404 | $452,769,022 |
| Shares outstanding | 5,800,614 | 18,433,842 | 28,664,835 | 39,128,060 |
| Net asset value, offering price and redemption price per share | $12.22 | $12.75 | $11.21 | $11.57 |
| Maximum offering price per share | ||||
| Class A (net asset value per share ÷ 95%)2 | $12.85 | $13.39 | $11.78 | $12.16 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 28 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF ASSETS AND LIABILITIES 2-29-24 (unaudited)
Continued
| Multimanager 2045 Lifetime Portfolio | Multimanager 2040 Lifetime Portfolio | Multimanager 2035 Lifetime Portfolio | Multimanager 2030 Lifetime Portfolio | |
| Assets | ||||
| Unaffiliated investments, at value | $80,273,838 | $84,225,667 | $98,695,635 | $118,283,799 |
| Affiliated investments, at value | 837,607,300 | 860,955,161 | 1,003,532,693 | 1,067,026,805 |
| Total investments, at value | 917,881,138 | 945,180,828 | 1,102,228,328 | 1,185,310,604 |
| Dividends and interest receivable | 319,254 | 465,488 | 750,541 | 1,166,774 |
| Receivable for fund shares sold | 270,879 | 400,237 | 160,579 | 374,981 |
| Receivable for investments sold | — | 1,067,795 | 332,346 | — |
| Receivable from affiliates | 7,775 | 7,696 | 8,236 | 9,034 |
| Other assets | 89,499 | 94,581 | 101,359 | 104,737 |
| Total assets | 918,568,545 | 947,216,625 | 1,103,581,389 | 1,186,966,130 |
| Liabilities | ||||
| Payable for investments purchased | 382,380 | 342,724 | 621,597 | 1,281,838 |
| Payable for fund shares repurchased | 86,219 | 1,701,781 | 562,789 | 89,422 |
| Payable to affiliates | ||||
| Accounting and legal services fees | 51,051 | 52,933 | 62,113 | 67,591 |
| Transfer agent fees | 14,542 | 16,218 | 18,821 | 21,986 |
| Distribution and service fees | 1,566 | 1,419 | 2,165 | 2,526 |
| Trustees’ fees | 496 | 529 | 617 | 683 |
| Other liabilities and accrued expenses | 39,827 | 39,622 | 41,384 | 42,601 |
| Total liabilities | 576,081 | 2,155,226 | 1,309,486 | 1,506,647 |
| Net assets | $917,992,464 | $945,061,399 | $1,102,271,903 | $1,185,459,483 |
| Net assets consist of | ||||
| Paid-in capital | $831,250,680 | $869,176,666 | $1,034,118,052 | $1,142,583,754 |
| Total distributable earnings (loss) | 86,741,784 | 75,884,733 | 68,153,851 | 42,875,729 |
| Net assets | $917,992,464 | $945,061,399 | $1,102,271,903 | $1,185,459,483 |
| Unaffiliated investments, at cost | $83,274,466 | $90,675,257 | $109,924,045 | $131,441,658 |
| Affiliated investments, at cost | 731,682,501 | 755,304,662 | 896,208,795 | 969,919,353 |
| Total investments, at cost | 814,956,967 | 845,979,919 | 1,006,132,840 | 1,101,361,011 |
| Net asset value per share | ||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||
| Class A1 | ||||
| Net assets | $154,246,851 | $172,221,957 | $198,800,301 | $231,544,171 |
| Shares outstanding | 15,790,768 | 17,442,522 | 20,684,565 | 24,801,365 |
| Net asset value and redemption price per share | $9.77 | $9.87 | $9.61 | $9.34 |
| Class I | ||||
| Net assets | $835,329 | $832,151 | $608,110 | $1,632,182 |
| Shares outstanding | 84,722 | 83,471 | 62,972 | 175,587 |
| Net asset value, offering price and redemption price per share | $9.86 | $9.97 | $9.66 | $9.30 |
| Class R2 | ||||
| Net assets | $6,920,536 | $5,925,505 | $9,377,256 | $10,085,509 |
| Shares outstanding | 703,923 | 597,542 | 968,806 | 1,091,712 |
| Net asset value, offering price and redemption price per share | $9.83 | $9.92 | $9.68 | $9.24 |
| Class R4 | ||||
| Net assets | $363,977 | $595,652 | $230,997 | $1,083,462 |
| Shares outstanding | 37,100 | 60,271 | 23,849 | 116,952 |
| Net asset value, offering price and redemption price per share | $9.81 | $9.88 | $9.69 | $9.26 |
| Class R5 | ||||
| Net assets | $5,940,979 | $7,242,754 | $9,170,395 | $9,975,394 |
| Shares outstanding | 599,942 | 725,412 | 944,712 | 1,075,068 |
| Net asset value, offering price and redemption price per share | $9.90 | $9.98 | $9.71 | $9.28 |
| Class R6 | ||||
| Net assets | $70,628,326 | $68,494,226 | $84,414,024 | $90,731,531 |
| Shares outstanding | 7,160,642 | 6,888,226 | 8,708,274 | 9,780,639 |
| Net asset value, offering price and redemption price per share | $9.86 | $9.94 | $9.69 | $9.28 |
| Class 1 | ||||
| Net assets | $679,056,466 | $689,749,154 | $799,670,820 | $840,407,234 |
| Shares outstanding | 68,748,701 | 69,245,018 | 82,366,302 | 90,491,124 |
| Net asset value, offering price and redemption price per share | $9.88 | $9.96 | $9.71 | $9.29 |
| Maximum offering price per share | ||||
| Class A (net asset value per share ÷ 95%)2 | $10.28 | $10.39 | $10.12 | $9.83 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 29 |
STATEMENTS OF ASSETS AND LIABILITIES 2-29-24 (unaudited)
Continued
| Multimanager 2025 Lifetime Portfolio | Multimanager 2020 Lifetime Portfolio | Multimanager 2015 Lifetime Portfolio | Multimanager 2010 Lifetime Portfolio | |
| Assets | ||||
| Unaffiliated investments, at value | $87,401,554 | $44,520,306 | $17,455,253 | $12,679,662 |
| Affiliated investments, at value | 804,603,543 | 410,282,506 | 154,939,797 | 112,097,321 |
| Total investments, at value | 892,005,097 | 454,802,812 | 172,395,050 | 124,776,983 |
| Dividends and interest receivable | 1,250,611 | 760,865 | 327,049 | 264,034 |
| Receivable for fund shares sold | 435,808 | 106,698 | 1,555 | 2,212 |
| Receivable for investments sold | — | 650,478 | 548,288 | 108,690 |
| Receivable from affiliates | 7,258 | 4,626 | 3,198 | 2,903 |
| Other assets | 98,153 | 79,443 | 63,929 | 63,149 |
| Total assets | 893,796,927 | 456,404,922 | 173,339,069 | 125,217,971 |
| Liabilities | ||||
| Payable for investments purchased | 1,469,230 | 668,423 | 290,134 | 234,540 |
| Payable for fund shares repurchased | 51,249 | 756,574 | 549,824 | 110,890 |
| Payable to affiliates | ||||
| Accounting and legal services fees | 51,747 | 26,953 | 10,042 | 7,282 |
| Transfer agent fees | 18,546 | 14,752 | 7,235 | 3,680 |
| Distribution and service fees | 1,850 | 1,077 | 125 | 65 |
| Trustees’ fees | 549 | 293 | 103 | 77 |
| Other liabilities and accrued expenses | 39,991 | 33,945 | 31,641 | 29,981 |
| Total liabilities | 1,633,162 | 1,502,017 | 889,104 | 386,515 |
| Net assets | $892,163,765 | $454,902,905 | $172,449,965 | $124,831,456 |
| Net assets consist of | ||||
| Paid-in capital | $890,477,518 | $466,295,320 | $176,043,660 | $130,341,941 |
| Total distributable earnings (loss) | 1,686,247 | (11,392,415) | (3,593,695) | (5,510,485) |
| Net assets | $892,163,765 | $454,902,905 | $172,449,965 | $124,831,456 |
| Unaffiliated investments, at cost | $97,772,879 | $48,962,669 | $18,475,389 | $13,060,369 |
| Affiliated investments, at cost | 756,918,142 | 396,447,791 | 151,972,874 | 110,755,921 |
| Total investments, at cost | 854,691,021 | 445,410,460 | 170,448,263 | 123,816,290 |
| Net asset value per share | ||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||
| Class A1 | ||||
| Net assets | $194,265,331 | $155,931,481 | $77,252,433 | $38,784,904 |
| Shares outstanding | 22,081,244 | 19,541,794 | 10,493,973 | 5,224,312 |
| Net asset value and redemption price per share | $8.80 | $7.98 | $7.36 | $7.42 |
| Class I | ||||
| Net assets | $2,425,470 | $589,095 | $180,879 | $37,356 |
| Shares outstanding | 277,313 | 73,755 | 24,620 | 5,038 |
| Net asset value, offering price and redemption price per share | $8.75 | $7.99 | $7.35 | $7.422 |
| Class R2 | ||||
| Net assets | $7,003,577 | $4,374,155 | $429,529 | $139,727 |
| Shares outstanding | 803,947 | 551,812 | 58,796 | 18,838 |
| Net asset value, offering price and redemption price per share | $8.71 | $7.93 | $7.31 | $7.42 |
| Class R4 | ||||
| Net assets | $516,857 | $427,804 | $17,898 | $65,411 |
| Shares outstanding | 59,041 | 54,017 | 2,429 | 8,825 |
| Net asset value, offering price and redemption price per share | $8.75 | $7.92 | $7.37 | $7.41 |
| Class R5 | ||||
| Net assets | $7,598,207 | $7,398,038 | $481,046 | $790,803 |
| Shares outstanding | 870,278 | 929,297 | 65,517 | 106,698 |
| Net asset value, offering price and redemption price per share | $8.73 | $7.96 | $7.34 | $7.41 |
| Class R6 | ||||
| Net assets | $61,595,144 | $25,579,568 | $10,224,499 | $10,260,845 |
| Shares outstanding | 7,062,664 | 3,222,963 | 1,390,618 | 1,382,424 |
| Net asset value, offering price and redemption price per share | $8.72 | $7.94 | $7.35 | $7.42 |
| Class 1 | ||||
| Net assets | $618,759,179 | $260,602,764 | $83,863,681 | $74,752,410 |
| Shares outstanding | 70,831,703 | 32,753,593 | 11,414,632 | 10,073,955 |
| Net asset value, offering price and redemption price per share | $8.74 | $7.96 | $7.35 | $7.42 |
| Maximum offering price per share | ||||
| Class A (net asset value per share ÷ 95%)3 | $9.26 | $8.40 | $7.75 | $7.81 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | Net asset value, offering price and redemption price per share of $7.42 is calculated using Net assets of $37,356.01 and Shares outstanding of $5,037.55. |
| 3 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 30 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
| Multimanager 2065 Lifetime Portfolio | Multimanager 2060 Lifetime Portfolio | Multimanager 2055 Lifetime Portfolio | Multimanager 2050 Lifetime Portfolio | |
| Investment income | ||||
| Dividends from affiliated investments | $886,763 | $3,408,230 | $4,962,970 | $7,559,072 |
| Dividends from unaffiliated investments | 70,657 | 274,286 | 400,392 | 610,312 |
| Interest | 26,259 | 114,722 | 169,240 | 259,621 |
| Other income received from advisor | 23,281 | 89,306 | 113,001 | 144,473 |
| Total investment income | 1,006,960 | 3,886,544 | 5,645,603 | 8,573,478 |
| Expenses | ||||
| Investment management fees | 65,485 | 255,588 | 373,920 | 569,142 |
| Distribution and service fees | 15,787 | 70,631 | 122,271 | 231,186 |
| Accounting and legal services fees | 7,717 | 30,086 | 44,011 | 67,040 |
| Transfer agent fees | 626 | 7,171 | 20,253 | 48,978 |
| Trustees’ fees | 1,219 | 3,519 | 4,884 | 7,436 |
| Custodian fees | 15,331 | 16,102 | 16,102 | 16,102 |
| State registration fees | 41,597 | 41,947 | 41,833 | 39,422 |
| Printing and postage | 6,191 | 6,581 | 7,042 | 8,112 |
| Professional fees | 19,616 | 26,544 | 28,566 | 32,524 |
| Other | 7,679 | 10,377 | 11,301 | 12,783 |
| Total expenses | 181,248 | 468,546 | 670,183 | 1,032,725 |
| Less expense reductions | (164,864) | (390,776) | (527,681) | (753,121) |
| Net expenses | 16,384 | 77,770 | 142,502 | 279,604 |
| Net investment income | 990,576 | 3,808,774 | 5,503,101 | 8,293,874 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments | (48,760) | (308,823) | (494,233) | (791,177) |
| Affiliated investments | (582,202) | (1,731,948) | (2,899,364) | (5,251,718) |
| Capital gain distributions received from affiliated investments | 1,475,479 | 5,636,873 | 8,201,370 | 12,492,589 |
| 844,517 | 3,596,102 | 4,807,773 | 6,449,694 | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments | 375,112 | 1,436,940 | 2,075,621 | 3,134,962 |
| Affiliated investments | 5,334,279 | 19,121,592 | 27,729,608 | 42,556,455 |
| 5,709,391 | 20,558,532 | 29,805,229 | 45,691,417 | |
| Net realized and unrealized gain | 6,553,908 | 24,154,634 | 34,613,002 | 52,141,111 |
| Increase in net assets from operations | $7,544,484 | $27,963,408 | $40,116,103 | $60,434,985 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 31 |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
Continued
| Multimanager 2045 Lifetime Portfolio | Multimanager 2040 Lifetime Portfolio | Multimanager 2035 Lifetime Portfolio | Multimanager 2030 Lifetime Portfolio | |
| Investment income | ||||
| Dividends from affiliated investments | $11,897,862 | $13,255,284 | $16,735,100 | $19,801,566 |
| Dividends from unaffiliated investments | 868,022 | 765,758 | 697,610 | 689,633 |
| Interest | 495,184 | 698,016 | 1,018,658 | 1,276,776 |
| Other income received from advisor | 274,274 | 231,970 | 171,997 | 212,451 |
| Total investment income | 13,535,342 | 14,951,028 | 18,623,365 | 21,980,426 |
| Expenses | ||||
| Investment management fees | 910,602 | 980,103 | 1,204,310 | 1,369,745 |
| Distribution and service fees | 388,187 | 419,166 | 495,604 | 562,841 |
| Accounting and legal services fees | 102,673 | 107,402 | 125,582 | 137,681 |
| Transfer agent fees | 89,620 | 100,868 | 117,892 | 139,608 |
| Trustees’ fees | 11,238 | 11,834 | 13,739 | 15,039 |
| Custodian fees | 16,102 | 16,102 | 16,102 | 16,102 |
| State registration fees | 40,961 | 41,028 | 42,236 | 42,740 |
| Printing and postage | 8,809 | 8,843 | 9,255 | 9,678 |
| Professional fees | 37,767 | 38,001 | 40,606 | 42,571 |
| Other | 15,175 | 15,610 | 16,820 | 17,826 |
| Total expenses | 1,621,134 | 1,738,957 | 2,082,146 | 2,353,831 |
| Less expense reductions | (1,143,487) | (1,219,184) | (1,468,755) | (1,651,865) |
| Net expenses | 477,647 | 519,773 | 613,391 | 701,966 |
| Net investment income | 13,057,695 | 14,431,255 | 18,009,974 | 21,278,460 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments | (1,590,342) | (3,913,945) | (5,721,221) | (7,846,483) |
| Affiliated investments | (6,329,964) | (6,938,075) | (5,572,695) | (5,085,236) |
| Capital gain distributions received from affiliated investments | 17,891,854 | 16,325,958 | 16,435,473 | 14,522,898 |
| 9,971,548 | 5,473,938 | 5,141,557 | 1,591,179 | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments | 4,551,927 | 6,199,223 | 7,385,413 | 9,405,876 |
| Affiliated investments | 60,189,568 | 57,848,970 | 58,095,688 | 52,731,878 |
| 64,741,495 | 64,048,193 | 65,481,101 | 62,137,754 | |
| Net realized and unrealized gain | 74,713,043 | 69,522,131 | 70,622,658 | 63,728,933 |
| Increase in net assets from operations | $87,770,738 | $83,953,386 | $88,632,632 | $85,007,393 |
| 32 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
Continued
| Multimanager 2025 Lifetime Portfolio | Multimanager 2020 Lifetime Portfolio | Multimanager 2015 Lifetime Portfolio | Multimanager 2010 Lifetime Portfolio | |
| Investment income | ||||
| Dividends from affiliated investments | $16,645,051 | $9,174,075 | $3,506,184 | $2,657,437 |
| Dividends from unaffiliated investments | 407,743 | 164,669 | 58,122 | 33,970 |
| Interest | 992,023 | 501,961 | 174,294 | 123,169 |
| Other income received from advisor | 138,479 | 77,969 | 25,159 | 21,339 |
| Total investment income | 18,183,296 | 9,918,674 | 3,763,759 | 2,835,915 |
| Expenses | ||||
| Investment management fees | 1,140,734 | 627,411 | 238,339 | 180,511 |
| Distribution and service fees | 459,012 | 312,610 | 135,660 | 77,518 |
| Accounting and legal services fees | 106,615 | 55,971 | 20,629 | 15,128 |
| Transfer agent fees | 119,358 | 96,576 | 46,623 | 24,054 |
| Trustees’ fees | 11,889 | 6,489 | 2,657 | 2,081 |
| Custodian fees | 16,102 | 16,102 | 16,102 | 16,102 |
| State registration fees | 40,931 | 40,389 | 39,766 | 40,419 |
| Printing and postage | 9,364 | 8,446 | 7,448 | 6,897 |
| Professional fees | 38,371 | 30,904 | 25,517 | 24,720 |
| Other | 16,384 | 12,529 | 10,317 | 9,843 |
| Total expenses | 1,958,760 | 1,207,427 | 543,058 | 397,273 |
| Less expense reductions | (1,380,633) | (798,426) | (360,784) | (295,733) |
| Net expenses | 578,127 | 409,001 | 182,274 | 101,540 |
| Net investment income | 17,605,169 | 9,509,673 | 3,581,485 | 2,734,375 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments | (6,413,148) | (3,077,688) | (921,234) | (537,429) |
| Affiliated investments | (1,801,018) | (2,570,359) | (385,994) | (1,203,779) |
| Capital gain distributions received from affiliated investments | 8,481,458 | 3,319,396 | 938,313 | 523,966 |
| 267,292 | (2,328,651) | (368,915) | (1,217,242) | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments | 7,424,879 | 3,624,447 | 1,237,691 | 785,439 |
| Affiliated investments | 29,618,616 | 14,628,010 | 4,341,318 | 3,447,903 |
| 37,043,495 | 18,252,457 | 5,579,009 | 4,233,342 | |
| Net realized and unrealized gain | 37,310,787 | 15,923,806 | 5,210,094 | 3,016,100 |
| Increase in net assets from operations | $54,915,956 | $25,433,479 | $8,791,579 | $5,750,475 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 33 |
STATEMENTS OF CHANGES IN NET
ASSETS
| Multimanager 2065 Lifetime Portfolio | Multimanager 2060 Lifetime Portfolio | Multimanager 2055 Lifetime Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $990,576 | $522,545 | $3,808,774 | $2,737,093 | $5,503,101 | $4,238,323 |
| Net realized gain (loss) | 844,517 | (1,115,400) | 3,596,102 | (2,643,685) | 4,807,773 | (5,050,064) |
| Change in net unrealized appreciation (depreciation) | 5,709,391 | 5,249,201 | 20,558,532 | 22,049,477 | 29,805,229 | 34,447,325 |
| Increase in net assets resulting from operations | 7,544,484 | 4,656,346 | 27,963,408 | 22,142,885 | 40,116,103 | 33,635,584 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (21,987) | (8,169) | (342,405) | (1,133,010) | (919,674) | (3,574,242) |
| Class I | (5,131) | (4,480) | (3,243) | (5,843) | (10,642) | (11,481) |
| Class R2 | (2,125) | (2,192) | (31,268) | (85,120) | (31,608) | (124,787) |
| Class R4 | (2,142) | (2,240) | (2,240) | (8,223) | (1,466) | (5,675) |
| Class R5 | (9,316) | (4,022) | (83,480) | (173,313) | (138,330) | (399,896) |
| Class R6 | (184,387) | (83,657) | (1,021,807) | (2,198,298) | (1,317,516) | (3,954,395) |
| Class 1 | (2,292,529) | (1,495,583) | (7,765,378) | (21,003,115) | (9,752,951) | (33,044,014) |
| Total distributions | (2,517,617) | (1,600,343) | (9,249,821) | (24,606,922) | (12,172,187) | (41,114,490) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 15,516,298 | 24,781,433 | 21,895,773 | 53,371,633 | 16,333,415 | 57,280,626 |
| Total increase | 20,543,165 | 27,837,436 | 40,609,360 | 50,907,596 | 44,277,331 | 49,801,720 |
| Net assets | ||||||
| Beginning of period | 57,434,037 | 29,596,601 | 241,388,676 | 190,481,080 | 361,072,132 | 311,270,412 |
| End of period | $77,977,202 | $57,434,037 | $281,998,036 | $241,388,676 | $405,349,463 | $361,072,132 |
| 34 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Multimanager 2050 Lifetime Portfolio | Multimanager 2045 Lifetime Portfolio | Multimanager 2040 Lifetime Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $8,293,874 | $6,510,938 | $13,057,695 | $11,327,522 | $14,431,255 | $13,992,817 |
| Net realized gain (loss) | 6,449,694 | (5,438,531) | 9,971,548 | 1,822,802 | 5,473,938 | (3,170,713) |
| Change in net unrealized appreciation (depreciation) | 45,691,417 | 51,862,616 | 64,741,495 | 68,295,061 | 64,048,193 | 66,910,563 |
| Increase in net assets resulting from operations | 60,434,985 | 52,935,023 | 87,770,738 | 81,445,385 | 83,953,386 | 77,732,667 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (2,278,120) | (11,152,688) | (4,538,034) | (25,774,536) | (4,620,789) | (28,342,793) |
| Class I | (10,457) | (20,774) | (18,531) | (58,260) | (19,928) | (98,153) |
| Class R2 | (106,965) | (621,436) | (189,269) | (1,111,913) | (149,852) | (935,236) |
| Class R4 | (30,520) | (221,142) | (10,773) | (48,987) | (16,588) | (75,603) |
| Class R5 | (126,454) | (448,397) | (181,401) | (888,773) | (206,516) | (911,042) |
| Class R6 | (1,763,101) | (7,020,412) | (2,258,363) | (12,102,926) | (2,025,696) | (12,455,339) |
| Class 1 | (13,749,098) | (58,126,941) | (21,938,361) | (115,046,760) | (20,672,149) | (114,920,501) |
| Total distributions | (18,064,715) | (77,611,790) | (29,134,732) | (155,032,155) | (27,711,518) | (157,738,667) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 8,124,436 | 81,848,242 | (2,794,696) | 124,230,799 | (22,765,271) | 122,920,339 |
| Total increase | 50,494,706 | 57,171,475 | 55,841,310 | 50,644,029 | 33,476,597 | 42,914,339 |
| Net assets | ||||||
| Beginning of period | 555,431,000 | 498,259,525 | 862,151,154 | 811,507,125 | 911,584,802 | 868,670,463 |
| End of period | $605,925,706 | $555,431,000 | $917,992,464 | $862,151,154 | $945,061,399 | $911,584,802 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 35 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Multimanager 2035 Lifetime Portfolio | Multimanager 2030 Lifetime Portfolio | Multimanager 2025 Lifetime Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $18,009,974 | $19,117,114 | $21,278,460 | $25,869,493 | $17,605,169 | $25,233,355 |
| Net realized gain (loss) | 5,141,557 | (7,566,141) | 1,591,179 | (19,203,821) | 267,292 | (17,511,673) |
| Change in net unrealized appreciation (depreciation) | 65,481,101 | 68,092,995 | 62,137,754 | 71,427,858 | 37,043,495 | 45,118,106 |
| Increase in net assets resulting from operations | 88,632,632 | 79,643,968 | 85,007,393 | 78,093,530 | 54,915,956 | 52,839,788 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (4,865,115) | (30,272,074) | (6,308,326) | (32,082,259) | (6,502,792) | (27,179,952) |
| Class I | (6,715) | (15,063) | (45,127) | (281,455) | (81,049) | (308,913) |
| Class R2 | (222,698) | (1,363,042) | (265,757) | (1,298,285) | (237,128) | (1,085,877) |
| Class R4 | (5,861) | (28,822) | (30,063) | (123,134) | (17,372) | (94,710) |
| Class R5 | (240,087) | (1,312,676) | (309,429) | (1,277,495) | (282,941) | (975,359) |
| Class R6 | (2,289,379) | (13,428,691) | (2,685,925) | (13,467,532) | (2,269,596) | (9,188,003) |
| Class 1 | (21,930,521) | (123,505,373) | (25,822,991) | (126,482,435) | (23,169,372) | (97,655,814) |
| Total distributions | (29,560,376) | (169,925,741) | (35,467,618) | (175,012,595) | (32,560,250) | (136,488,628) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | (19,466,357) | 123,591,569 | (35,611,475) | 88,329,424 | (52,043,124) | (15,410,595) |
| Total increase (decrease) | 39,605,899 | 33,309,796 | 13,928,300 | (8,589,641) | (29,687,418) | (99,059,435) |
| Net assets | ||||||
| Beginning of period | 1,062,666,004 | 1,029,356,208 | 1,171,531,183 | 1,180,120,824 | 921,851,183 | 1,020,910,618 |
| End of period | $1,102,271,903 | $1,062,666,004 | $1,185,459,483 | $1,171,531,183 | $892,163,765 | $921,851,183 |
| 36 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Multimanager 2020 Lifetime Portfolio | Multimanager 2015 Lifetime Portfolio | Multimanager 2010 Lifetime Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $9,509,673 | $15,187,187 | $3,581,485 | $5,776,194 | $2,734,375 | $4,686,559 |
| Net realized loss | (2,328,651) | (9,177,376) | (368,915) | (2,147,567) | (1,217,242) | (2,386,051) |
| Change in net unrealized appreciation (depreciation) | 18,252,457 | 18,809,561 | 5,579,009 | 4,737,211 | 4,233,342 | 3,647,280 |
| Increase in net assets resulting from operations | 25,433,479 | 24,819,372 | 8,791,579 | 8,365,838 | 5,750,475 | 5,947,788 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (5,105,759) | (20,696,786) | (2,601,798) | (9,295,874) | (1,441,065) | (3,789,740) |
| Class I | (18,855) | (58,941) | (5,784) | (88,168) | (2,142) | (40,247) |
| Class R2 | (137,170) | (658,324) | (17,175) | (63,668) | (4,889) | (51,882) |
| Class R4 | (13,658) | (37,351) | (663) | (2,231) | (2,436) | (5,258) |
| Class R5 | (285,313) | (939,893) | (17,482) | (61,495) | (40,981) | (154,650) |
| Class R6 | (968,276) | (4,137,884) | (376,746) | (1,160,167) | (415,506) | (952,770) |
| Class 1 | (9,584,119) | (40,183,832) | (3,158,596) | (11,151,614) | (3,014,709) | (8,189,002) |
| Total distributions | (16,113,150) | (66,713,011) | (6,178,244) | (21,823,217) | (4,921,728) | (13,183,549) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | (44,099,494) | (18,545,778) | (5,655,297) | (8,483,329) | (6,601,525) | (5,693,384) |
| Total decrease | (34,779,165) | (60,439,417) | (3,041,962) | (21,940,708) | (5,772,778) | (12,929,145) |
| Net assets | ||||||
| Beginning of period | 489,682,070 | 550,121,487 | 175,491,927 | 197,432,635 | 130,604,234 | 143,533,379 |
| End of period | $454,902,905 | $489,682,070 | $172,449,965 | $175,491,927 | $124,831,456 | $130,604,234 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 37 |
Financial highlights
Multimanager 2065 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 11.37 | 0.147 | 1.10 | 1.24 | (0.16) | (0.24) | (0.40) | 12.21 | 11.028 | 0.949 | 0.429 | 1.147, 9 | 905 | 8 | ||||||
| 08-31-2023 | 10.73 | 0.087 | 0.98 | 1.06 | (0.08) | (0.34) | (0.42) | 11.37 | 10.36 | 1.11 | 0.42 | 0.777 | 461 | 18 | ||||||
| 08-31-2022 | 13.58 | 0.107 | (2.53) | (2.43) | (0.10) | (0.32) | (0.42) | 10.73 | (18.51) | 1.40 | 0.42 | 0.807 | 190 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.067 | 3.62 | 3.68 | (0.05) | (0.05) | (0.10) | 13.58 | 36.988 | 5.269 | 0.429 | 0.517, 9 | 146 | 33 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 11.40 | 0.17 | 1.08 | 1.25 | (0.19) | (0.24) | (0.43) | 12.22 | 11.128 | 0.649 | 0.129 | 1.717, 9 | 157 | 8 | ||||||
| 08-31-2023 | 10.75 | 0.157 | 0.95 | 1.10 | (0.11) | (0.34) | (0.45) | 11.40 | 10.79 | 0.81 | 0.12 | 1.407 | 124 | 18 | ||||||
| 08-31-2022 | 13.61 | 0.157 | (2.55) | (2.40) | (0.14) | (0.32) | (0.46) | 10.75 | (18.29) | 1.10 | 0.12 | 1.197 | 54 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.137 | 3.59 | 3.72 | (0.06) | (0.05) | (0.11) | 13.61 | 37.398 | 4.969 | 0.129 | 1.137, 9 | 68 | 33 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 11.38 | 0.167 | 1.09 | 1.25 | (0.17) | (0.24) | (0.41) | 12.22 | 11.088 | 0.789 | 0.269 | 1.557, 9 | 63 | 8 | ||||||
| 08-31-2023 | 10.74 | 0.127 | 0.96 | 1.08 | (0.10) | (0.34) | (0.44) | 11.38 | 10.55 | 0.95 | 0.26 | 1.147 | 58 | 18 | ||||||
| 08-31-2022 | 13.59 | 0.137 | (2.54) | (2.41) | (0.12) | (0.32) | (0.44) | 10.74 | (18.36) | 1.25 | 0.26 | 1.057 | 54 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.117 | 3.59 | 3.70 | (0.06) | (0.05) | (0.11) | 13.59 | 37.148 | 5.119 | 0.269 | 0.987, 9 | 68 | 33 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 11.39 | 0.177 | 1.08 | 1.25 | (0.19) | (0.24) | (0.43) | 12.21 | 11.108 | 0.779 | 0.159 | 1.667, 9 | 62 | 8 | ||||||
| 08-31-2023 | 10.75 | 0.147 | 0.95 | 1.09 | (0.11) | (0.34) | (0.45) | 11.39 | 10.66 | 0.95 | 0.16 | 1.257 | 57 | 18 | ||||||
| 08-31-2022 | 13.60 | 0.147 | (2.54) | (2.40) | (0.13) | (0.32) | (0.45) | 10.75 | (18.26) | 1.25 | 0.16 | 1.157 | 54 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.127 | 3.59 | 3.71 | (0.06) | (0.05) | (0.11) | 13.60 | 37.288 | 5.119 | 0.169 | 1.097, 9 | 68 | 33 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 11.40 | 0.187 | 1.08 | 1.26 | (0.20) | (0.24) | (0.44) | 12.22 | 11.198 | 0.559 | 0.049 | 1.797, 9 | 302 | 8 | ||||||
| 08-31-2023 | 10.76 | 0.137 | 0.97 | 1.10 | (0.12) | (0.34) | (0.46) | 11.40 | 10.82 | 0.72 | 0.03 | 1.177 | 192 | 18 | ||||||
| 08-31-2022 | 13.62 | 0.157 | (2.54) | (2.39) | (0.15) | (0.32) | (0.47) | 10.76 | (18.19) | 1.00 | 0.01 | 1.217 | 76 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.147 | 3.59 | 3.73 | (0.06) | (0.05) | (0.11) | 13.62 | 37.538 | 4.869 | 0.019 | 1.237, 9 | 68 | 33 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 11.41 | 0.187 | 1.08 | 1.26 | (0.20) | (0.24) | (0.44) | 12.23 | 11.238 | 0.529 | 0.019 | 1.817, 9 | 5,617 | 8 | ||||||
| 08-31-2023 | 10.76 | 0.127 | 0.99 | 1.11 | (0.12) | (0.34) | (0.46) | 11.41 | 10.90 | 0.70 | 0.01 | 1.137 | 3,987 | 18 | ||||||
| 08-31-2022 | 13.62 | 0.147 | (2.53) | (2.39) | (0.15) | (0.32) | (0.47) | 10.76 | (18.20) | 1.00 | 0.01 | 1.167 | 1,601 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.117 | 3.62 | 3.73 | (0.06) | (0.05) | (0.11) | 13.62 | 37.538 | 4.869 | 0.019 | 0.987, 9 | 197 | 33 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 11.40 | 0.187 | 1.08 | 1.26 | (0.20) | (0.24) | (0.44) | 12.22 | 11.208 | 0.569 | 0.059 | 1.787, 9 | 70,871 | 8 | ||||||
| 08-31-2023 | 10.76 | 0.147 | 0.96 | 1.10 | (0.12) | (0.34) | (0.46) | 11.40 | 10.76 | 0.74 | 0.05 | 1.257 | 52,555 | 18 | ||||||
| 08-31-2022 | 13.61 | 0.127 | (2.51) | (2.39) | (0.14) | (0.32) | (0.46) | 10.76 | (18.17) | 1.04 | 0.05 | 1.057 | 27,569 | 52 | ||||||
| 08-31-202110 | 10.00 | 0.057 | 3.67 | 3.72 | (0.06) | (0.05) | (0.11) | 13.61 | 37.418 | 4.909 | 0.059 | 0.427, 9 | 10,959 | 33 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, $0.007, $0.01 and $0.01 per share and 0.07%, 0.06%, 0.08% and 0.11%, for the periods ended 2-29-24, 8-31-23, 8-31-22 and 8-31-21, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 10 Period from 9-23-20 (commencement of operations) to 8-31-21. |
| 38 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2060 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 11.83 | 0.167 | 1.13 | 1.29 | (0.18) | (0.22) | (0.40) | 12.72 | 11.048 | 0.749 | 0.429 | 1.367, 9 | 11,604 | 6 | ||||||
| 08-31-2023 | 12.21 | 0.117 | 0.97 | 1.08 | (0.09) | (1.37) | (1.46) | 11.83 | 10.34 | 0.75 | 0.42 | 0.987 | 10,101 | 14 | ||||||
| 08-31-2022 | 16.34 | 0.127 | (2.90) | (2.78) | (0.14) | (1.21) | (1.35) | 12.21 | (18.57) | 0.73 | 0.42 | 0.887 | 9,500 | 49 | ||||||
| 08-31-2021 | 13.12 | 0.107 | 3.63 | 3.73 | (0.12) | (0.39) | (0.51) | 16.34 | 29.07 | 0.71 | 0.42 | 0.697 | 12,113 | 19 | ||||||
| 08-31-2020 | 11.88 | 0.147 | 1.85 | 1.99 | (0.18) | (0.57) | (0.75) | 13.12 | 17.20 | 0.84 | 0.43 | 1.207 | 5,383 | 27 | ||||||
| 08-31-2019 | 12.91 | 0.147 | (0.41) | (0.27) | (0.16) | (0.60) | (0.76) | 11.88 | (1.30) | 0.88 | 0.41 | 1.227 | 2,136 | 27 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 11.88 | 0.157 | 1.16 | 1.31 | (0.21) | (0.22) | (0.43) | 12.76 | 11.228 | 0.439 | 0.129 | 1.277, 9 | 165 | 6 | ||||||
| 08-31-2023 | 12.26 | 0.167 | 0.96 | 1.12 | (0.13) | (1.37) | (1.50) | 11.88 | 10.69 | 0.45 | 0.12 | 1.357 | 47 | 14 | ||||||
| 08-31-2022 | 16.39 | 0.187 | (2.91) | (2.73) | (0.18) | (1.22) | (1.40) | 12.26 | (18.26) | 0.43 | 0.12 | 1.237 | 48 | 49 | ||||||
| 08-31-2021 | 13.16 | 0.167 | 3.62 | 3.78 | (0.16) | (0.39) | (0.55) | 16.39 | 29.38 | 0.41 | 0.11 | 1.107 | 66 | 19 | ||||||
| 08-31-2020 | 11.91 | 0.227 | 1.82 | 2.04 | (0.22) | (0.57) | (0.79) | 13.16 | 17.60 | 0.54 | 0.13 | 1.827 | 53 | 27 | ||||||
| 08-31-2019 | 12.95 | 0.207 | (0.45) | (0.25) | (0.19) | (0.60) | (0.79) | 11.91 | (1.06) | 0.59 | 0.13 | 1.667 | 47 | 27 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 11.83 | 0.157 | 1.13 | 1.28 | (0.17) | (0.22) | (0.39) | 12.72 | 10.968 | 0.829 | 0.519 | 1.327, 9 | 1,005 | 6 | ||||||
| 08-31-2023 | 12.20 | 0.107 | 0.98 | 1.08 | (0.08) | (1.37) | (1.45) | 11.83 | 10.32 | 0.83 | 0.50 | 0.837 | 915 | 14 | ||||||
| 08-31-2022 | 16.33 | 0.107 | (2.89) | (2.79) | (0.12) | (1.22) | (1.34) | 12.20 | (18.65) | 0.83 | 0.51 | 0.717 | 706 | 49 | ||||||
| 08-31-2021 | 13.12 | 0.107 | 3.63 | 3.73 | (0.13) | (0.39) | (0.52) | 16.33 | 29.02 | 0.78 | 0.49 | 0.657 | 646 | 19 | ||||||
| 08-31-2020 | 11.88 | 0.177 | 1.83 | 2.00 | (0.19) | (0.57) | (0.76) | 13.12 | 17.24 | 0.83 | 0.41 | 1.437 | 156 | 27 | ||||||
| 08-31-2019 | 12.92 | 0.167 | (0.43) | (0.27) | (0.17) | (0.60) | (0.77) | 11.88 | (1.27) | 0.83 | 0.36 | 1.317 | 95 | 27 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 11.87 | 0.177 | 1.14 | 1.31 | (0.21) | (0.22) | (0.43) | 12.75 | 11.168 | 0.599 | 0.189 | 1.637, 9 | 68 | 6 | ||||||
| 08-31-2023 | 12.24 | 0.157 | 0.96 | 1.11 | (0.11) | (1.37) | (1.48) | 11.87 | 10.60 | 0.62 | 0.19 | 1.267 | 64 | 14 | ||||||
| 08-31-2022 | 16.37 | 0.177 | (2.91) | (2.74) | (0.17) | (1.22) | (1.39) | 12.24 | (18.36) | 0.62 | 0.21 | 1.167 | 72 | 49 | ||||||
| 08-31-2021 | 13.14 | 0.147 | 3.63 | 3.77 | (0.15) | (0.39) | (0.54) | 16.37 | 29.37 | 0.58 | 0.18 | 0.967 | 152 | 19 | ||||||
| 08-31-2020 | 11.90 | 0.217 | 1.82 | 2.03 | (0.22) | (0.57) | (0.79) | 13.14 | 17.47 | 0.68 | 0.16 | 1.757 | 74 | 27 | ||||||
| 08-31-2019 | 12.93 | 0.197 | (0.43) | (0.24) | (0.19) | (0.60) | (0.79) | 11.90 | (1.00) | 0.73 | 0.16 | 1.597 | 55 | 27 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 11.87 | 0.177 | 1.14 | 1.31 | (0.22) | (0.22) | (0.44) | 12.74 | 11.208 | 0.379 | 0.069 | 1.637, 9 | 2,749 | 6 | ||||||
| 08-31-2023 | 12.26 | 0.127 | 0.99 | 1.11 | (0.13) | (1.37) | (1.50) | 11.87 | 10.67 | 0.39 | 0.06 | 1.047 | 2,835 | 14 | ||||||
| 08-31-2022 | 16.39 | 0.177 | (2.89) | (2.72) | (0.19) | (1.22) | (1.41) | 12.26 | (18.21) | 0.37 | 0.06 | 1.277 | 1,261 | 49 | ||||||
| 08-31-2021 | 13.15 | 0.177 | 3.62 | 3.79 | (0.16) | (0.39) | (0.55) | 16.39 | 29.53 | 0.36 | 0.06 | 1.177 | 424 | 19 | ||||||
| 08-31-2020 | 11.90 | 0.187 | 1.87 | 2.05 | (0.23) | (0.57) | (0.80) | 13.15 | 17.67 | 0.48 | 0.06 | 1.557 | 382 | 27 | ||||||
| 08-31-2019 | 12.94 | 0.177 | (0.41) | (0.24) | (0.20) | (0.60) | (0.80) | 11.90 | (0.96) | 0.53 | 0.06 | 1.447 | 168 | 27 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 11.89 | 0.187 | 1.14 | 1.32 | (0.23) | (0.22) | (0.45) | 12.76 | 11.238 | 0.329 | 0.019 | 1.807, 9 | 31,324 | 6 | ||||||
| 08-31-2023 | 12.27 | 0.157 | 0.98 | 1.13 | (0.14) | (1.37) | (1.51) | 11.89 | 10.81 | 0.34 | 0.01 | 1.287 | 25,496 | 14 | ||||||
| 08-31-2022 | 16.41 | 0.177 | (2.89) | (2.72) | (0.20) | (1.22) | (1.42) | 12.27 | (18.21) | 0.32 | 0.01 | 1.257 | 16,811 | 49 | ||||||
| 08-31-2021 | 13.17 | 0.177 | 3.63 | 3.80 | (0.17) | (0.39) | (0.56) | 16.41 | 29.54 | 0.31 | 0.01 | 1.167 | 10,594 | 19 | ||||||
| 08-31-2020 | 11.92 | 0.197 | 1.87 | 2.06 | (0.24) | (0.57) | (0.81) | 13.17 | 17.71 | 0.43 | — | 1.617 | 3,805 | 27 | ||||||
| 08-31-2019 | 12.95 | 0.227 | (0.45) | (0.23) | (0.20) | (0.60) | (0.80) | 11.92 | (0.86) | 0.48 | — | 1.847 | 1,611 | 27 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 39 |
Financial highlights continued
Multimanager 2060 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 11.88 | 0.187 | 1.13 | 1.31 | (0.22) | (0.22) | (0.44) | 12.75 | 11.208 | 0.369 | 0.059 | 1.787, 9 | 235,083 | 6 | ||||||
| 08-31-2023 | 12.26 | 0.157 | 0.97 | 1.12 | (0.13) | (1.37) | (1.50) | 11.88 | 10.76 | 0.38 | 0.05 | 1.327 | 201,931 | 14 | ||||||
| 08-31-2022 | 16.40 | 0.177 | (2.90) | (2.73) | (0.19) | (1.22) | (1.41) | 12.26 | (18.26) | 0.36 | 0.05 | 1.217 | 162,083 | 49 | ||||||
| 08-31-2021 | 13.16 | 0.177 | 3.63 | 3.80 | (0.17) | (0.39) | (0.56) | 16.40 | 29.52 | 0.35 | 0.05 | 1.127 | 183,616 | 19 | ||||||
| 08-31-2020 | 11.91 | 0.217 | 1.84 | 2.05 | (0.23) | (0.57) | (0.80) | 13.16 | 17.66 | 0.47 | 0.05 | 1.747 | 128,704 | 27 | ||||||
| 08-31-2019 | 12.94 | 0.187 | (0.41) | (0.23) | (0.20) | (0.60) | (0.80) | 11.91 | (0.92) | 0.52 | 0.05 | 1.557 | 79,730 | 27 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, $0.007, $0.01, $0.02, $0.01, and $0.02 per share and 0.07%, 0.06%, 0.09%, 0.12%, 0.13%, and 0.17%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 40 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2055 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 10.37 | 0.147 | 0.99 | 1.13 | (0.15) | (0.16) | (0.31) | 11.19 | 11.078 | 0.719 | 0.429 | 1.367, 9 | 33,272 | 7 | ||||||
| 08-31-2023 | 10.79 | 0.107 | 0.84 | 0.94 | (0.07) | (1.29) | (1.36) | 10.37 | 10.28 | 0.71 | 0.42 | 0.967 | 30,960 | 16 | ||||||
| 08-31-2022 | 14.51 | 0.117 | (2.56) | (2.45) | (0.12) | (1.15) | (1.27) | 10.79 | (18.54) | 0.69 | 0.42 | 0.877 | 29,003 | 48 | ||||||
| 08-31-2021 | 11.72 | 0.097 | 3.21 | 3.30 | (0.10) | (0.41) | (0.51) | 14.51 | 28.87 | 0.66 | 0.42 | 0.717 | 38,649 | 20 | ||||||
| 08-31-2020 | 10.83 | 0.147 | 1.67 | 1.81 | (0.17) | (0.75) | (0.92) | 11.72 | 17.26 | 0.71 | 0.43 | 1.347 | 23,530 | 30 | ||||||
| 08-31-2019 | 12.19 | 0.147 | (0.45) | (0.31) | (0.16) | (0.89) | (1.05) | 10.83 | (1.30) | 0.68 | 0.41 | 1.257 | 13,755 | 29 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 10.41 | 0.147 | 1.00 | 1.14 | (0.18) | (0.16) | (0.34) | 11.21 | 11.148 | 0.419 | 0.129 | 1.407, 9 | 686 | 7 | ||||||
| 08-31-2023 | 10.83 | 0.137 | 0.84 | 0.97 | (0.10) | (1.29) | (1.39) | 10.41 | 10.63 | 0.41 | 0.11 | 1.307 | 79 | 16 | ||||||
| 08-31-2022 | 14.56 | 0.157 | (2.56) | (2.41) | (0.17) | (1.15) | (1.32) | 10.83 | (18.29) | 0.39 | 0.12 | 1.177 | 101 | 48 | ||||||
| 08-31-2021 | 11.75 | 0.137 | 3.22 | 3.35 | (0.13) | (0.41) | (0.54) | 14.56 | 29.27 | 0.36 | 0.11 | 0.957 | 135 | 20 | ||||||
| 08-31-2020 | 10.86 | 0.197 | 1.65 | 1.84 | (0.20) | (0.75) | (0.95) | 11.75 | 17.57 | 0.41 | 0.13 | 1.807 | 69 | 30 | ||||||
| 08-31-2019 | 12.22 | 0.187 | (0.45) | (0.27) | (0.20) | (0.89) | (1.09) | 10.86 | (1.01) | 0.39 | 0.13 | 1.627 | 57 | 29 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 10.36 | 0.137 | 0.99 | 1.12 | (0.15) | (0.16) | (0.31) | 11.17 | 10.898 | 0.799 | 0.509 | 1.237, 9 | 1,219 | 7 | ||||||
| 08-31-2023 | 10.78 | 0.097 | 0.84 | 0.93 | (0.06) | (1.29) | (1.35) | 10.36 | 10.18 | 0.80 | 0.51 | 0.877 | 1,041 | 16 | ||||||
| 08-31-2022 | 14.50 | 0.107 | (2.56) | (2.46) | (0.11) | (1.15) | (1.26) | 10.78 | (18.61) | 0.78 | 0.51 | 0.787 | 936 | 48 | ||||||
| 08-31-2021 | 11.71 | 0.107 | 3.19 | 3.29 | (0.09) | (0.41) | (0.50) | 14.50 | 28.79 | 0.75 | 0.51 | 0.787 | 1,054 | 20 | ||||||
| 08-31-2020 | 10.83 | 0.147 | 1.65 | 1.79 | (0.16) | (0.75) | (0.91) | 11.71 | 17.07 | 0.80 | 0.52 | 1.357 | 806 | 30 | ||||||
| 08-31-2019 | 12.19 | 0.117 | (0.42) | (0.31) | (0.16) | (0.89) | (1.05) | 10.83 | (1.35) | 0.78 | 0.51 | 1.057 | 602 | 29 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 10.41 | 0.157 | 0.99 | 1.14 | (0.18) | (0.16) | (0.34) | 11.21 | 11.128 | 0.559 | 0.169 | 1.677, 9 | 48 | 7 | ||||||
| 08-31-2023 | 10.83 | 0.137 | 0.84 | 0.97 | (0.10) | (1.29) | (1.39) | 10.41 | 10.56 | 0.56 | 0.16 | 1.297 | 44 | 16 | ||||||
| 08-31-2022 | 14.55 | 0.157 | (2.58) | (2.43) | (0.14) | (1.15) | (1.29) | 10.83 | (18.27) | 0.53 | 0.16 | 1.197 | 44 | 48 | ||||||
| 08-31-2021 | 11.74 | 0.147 | 3.20 | 3.34 | (0.12) | (0.41) | (0.53) | 14.55 | 29.19 | 0.50 | 0.16 | 1.057 | 59 | 20 | ||||||
| 08-31-2020 | 10.85 | 0.197 | 1.65 | 1.84 | (0.20) | (0.75) | (0.95) | 11.74 | 17.53 | 0.55 | 0.16 | 1.837 | 48 | 30 | ||||||
| 08-31-2019 | 12.22 | 0.187 | (0.46) | (0.28) | (0.20) | (0.89) | (1.09) | 10.85 | (1.04) | 0.53 | 0.16 | 1.657 | 44 | 29 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 10.42 | 0.167 | 0.99 | 1.15 | (0.19) | (0.16) | (0.35) | 11.22 | 11.198 | 0.359 | 0.069 | 1.697, 9 | 4,686 | 7 | ||||||
| 08-31-2023 | 10.85 | 0.127 | 0.85 | 0.97 | (0.11) | (1.29) | (1.40) | 10.42 | 10.59 | 0.35 | 0.06 | 1.197 | 4,522 | 16 | ||||||
| 08-31-2022 | 14.58 | 0.167 | (2.57) | (2.41) | (0.17) | (1.15) | (1.32) | 10.85 | (18.21) | 0.33 | 0.06 | 1.327 | 2,940 | 48 | ||||||
| 08-31-2021 | 11.76 | 0.167 | 3.21 | 3.37 | (0.14) | (0.41) | (0.55) | 14.58 | 29.41 | 0.30 | 0.06 | 1.177 | 1,337 | 20 | ||||||
| 08-31-2020 | 10.86 | 0.177 | 1.69 | 1.86 | (0.21) | (0.75) | (0.96) | 11.76 | 17.72 | 0.35 | 0.06 | 1.597 | 195 | 30 | ||||||
| 08-31-2019 | 12.23 | 0.187 | (0.46) | (0.28) | (0.20) | (0.89) | (1.09) | 10.86 | (0.97) | 0.33 | 0.06 | 1.617 | 97 | 29 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 10.42 | 0.167 | 1.00 | 1.16 | (0.20) | (0.16) | (0.36) | 11.22 | 11.248 | 0.299 | 0.019 | 1.757, 9 | 43,992 | 7 | ||||||
| 08-31-2023 | 10.85 | 0.137 | 0.84 | 0.97 | (0.11) | (1.29) | (1.40) | 10.42 | 10.66 | 0.30 | 0.01 | 1.297 | 38,922 | 16 | ||||||
| 08-31-2022 | 14.58 | 0.167 | (2.56) | (2.40) | (0.18) | (1.15) | (1.33) | 10.85 | (18.17) | 0.28 | 0.01 | 1.277 | 31,635 | 48 | ||||||
| 08-31-2021 | 11.76 | 0.157 | 3.23 | 3.38 | (0.15) | (0.41) | (0.56) | 14.58 | 29.47 | 0.25 | 0.01 | 1.117 | 25,449 | 20 | ||||||
| 08-31-2020 | 10.87 | 0.187 | 1.68 | 1.86 | (0.22) | (0.75) | (0.97) | 11.76 | 17.68 | 0.30 | — | 1.747 | 10,042 | 30 | ||||||
| 08-31-2019 | 12.23 | 0.187 | (0.44) | (0.26) | (0.21) | (0.89) | (1.10) | 10.87 | (0.80) | 0.28 | — | 1.657 | 5,437 | 29 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 41 |
Financial highlights continued
Multimanager 2055 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 10.42 | 0.167 | 0.98 | 1.14 | (0.19) | (0.16) | (0.35) | 11.21 | 11.108 | 0.349 | 0.059 | 1.777, 9 | 321,446 | 7 | ||||||
| 08-31-2023 | 10.84 | 0.147 | 0.84 | 0.98 | (0.11) | (1.29) | (1.40) | 10.42 | 10.72 | 0.35 | 0.05 | 1.337 | 285,504 | 16 | ||||||
| 08-31-2022 | 14.57 | 0.157 | (2.56) | (2.41) | (0.17) | (1.15) | (1.32) | 10.84 | (18.22) | 0.32 | 0.05 | 1.227 | 246,611 | 48 | ||||||
| 08-31-2021 | 11.75 | 0.157 | 3.22 | 3.37 | (0.14) | (0.41) | (0.55) | 14.57 | 29.44 | 0.29 | 0.05 | 1.147 | 292,979 | 20 | ||||||
| 08-31-2020 | 10.86 | 0.197 | 1.66 | 1.85 | (0.21) | (0.75) | (0.96) | 11.75 | 17.63 | 0.34 | 0.05 | 1.817 | 235,255 | 30 | ||||||
| 08-31-2019 | 12.23 | 0.187 | (0.45) | (0.27) | (0.21) | (0.89) | (1.10) | 10.86 | (0.94) | 0.31 | 0.05 | 1.637 | 186,409 | 29 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, $0.005, $0.01, $0.02, $0.01, and $0.02 per share and 0.06%, 0.05%, 0.08%, 0.11%, 0.12%, and 0.16%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 42 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2050 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 10.71 | 0.147 | 1.02 | 1.16 | (0.18) | (0.14) | (0.32) | 11.55 | 10.948 | 0.699 | 0.429 | 1.377, 9 | 82,875 | 8 | ||||||
| 08-31-2023 | 11.48 | 0.107 | 0.87 | 0.97 | (0.08) | (1.66) | (1.74) | 10.71 | 10.35 | 0.69 | 0.42 | 0.967 | 77,455 | 17 | ||||||
| 08-31-2022 | 15.43 | 0.127 | (2.73) | (2.61) | (0.12) | (1.22) | (1.34) | 11.48 | (18.56) | 0.66 | 0.42 | 0.887 | 74,589 | 48 | ||||||
| 08-31-2021 | 12.51 | 0.107 | 3.42 | 3.52 | (0.12) | (0.48) | (0.60) | 15.43 | 28.92 | 0.63 | 0.42 | 0.757 | 99,779 | 19 | ||||||
| 08-31-2020 | 11.65 | 0.167 | 1.77 | 1.93 | (0.18) | (0.89) | (1.07) | 12.51 | 17.20 | 0.66 | 0.43 | 1.427 | 73,101 | 31 | ||||||
| 08-31-2019 | 13.29 | 0.157 | (0.51) | (0.36) | (0.16) | (1.12) | (1.28) | 11.65 | (1.33) | 0.62 | 0.41 | 1.287 | 54,552 | 31 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 10.75 | 0.127 | 1.06 | 1.18 | (0.21) | (0.14) | (0.35) | 11.58 | 11.118 | 0.399 | 0.129 | 0.967, 9 | 948 | 8 | ||||||
| 08-31-2023 | 11.52 | 0.147 | 0.86 | 1.00 | (0.11) | (1.66) | (1.77) | 10.75 | 10.69 | 0.39 | 0.12 | 1.287 | 151 | 17 | ||||||
| 08-31-2022 | 15.48 | 0.187 | (2.75) | (2.57) | (0.17) | (1.22) | (1.39) | 11.52 | (18.31) | 0.36 | 0.12 | 1.327 | 134 | 48 | ||||||
| 08-31-2021 | 12.55 | 0.097 | 3.48 | 3.57 | (0.16) | (0.48) | (0.64) | 15.48 | 29.32 | 0.33 | 0.11 | 0.647 | 187 | 19 | ||||||
| 08-31-2020 | 11.68 | 0.187 | 1.80 | 1.98 | (0.22) | (0.89) | (1.11) | 12.55 | 17.49 | 0.36 | 0.13 | 1.537 | 67 | 31 | ||||||
| 08-31-2019 | 13.32 | 0.277 | (0.59) | (0.32) | (0.20) | (1.12) | (1.32) | 11.68 | (0.96) | 0.33 | 0.13 | 2.337 | 56 | 31 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 10.70 | 0.137 | 1.03 | 1.16 | (0.17) | (0.14) | (0.31) | 11.55 | 10.958 | 0.769 | 0.499 | 1.217, 9 | 4,180 | 8 | ||||||
| 08-31-2023 | 11.47 | 0.097 | 0.87 | 0.96 | (0.07) | (1.66) | (1.73) | 10.70 | 10.23 | 0.78 | 0.50 | 0.877 | 3,853 | 17 | ||||||
| 08-31-2022 | 15.42 | 0.107 | (2.72) | (2.62) | (0.11) | (1.22) | (1.33) | 11.47 | (18.64) | 0.75 | 0.51 | 0.757 | 3,904 | 48 | ||||||
| 08-31-2021 | 12.51 | 0.107 | 3.41 | 3.51 | (0.12) | (0.48) | (0.60) | 15.42 | 28.78 | 0.72 | 0.51 | 0.717 | 5,393 | 19 | ||||||
| 08-31-2020 | 11.65 | 0.157 | 1.78 | 1.93 | (0.18) | (0.89) | (1.07) | 12.51 | 17.12 | 0.75 | 0.51 | 1.277 | 1,358 | 31 | ||||||
| 08-31-2019 | 13.29 | 0.127 | (0.49) | (0.37) | (0.15) | (1.12) | (1.27) | 11.65 | (1.44) | 0.71 | 0.50 | 1.057 | 1,264 | 31 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 10.72 | 0.137 | 1.04 | 1.17 | (0.19) | (0.14) | (0.33) | 11.56 | 11.098 | 0.629 | 0.259 | 1.237, 9 | 1,059 | 8 | ||||||
| 08-31-2023 | 11.50 | 0.127 | 0.86 | 0.98 | (0.10) | (1.66) | (1.76) | 10.72 | 10.45 | 0.63 | 0.26 | 1.127 | 1,607 | 17 | ||||||
| 08-31-2022 | 15.45 | 0.147 | (2.72) | (2.58) | (0.15) | (1.22) | (1.37) | 11.50 | (18.39) | 0.60 | 0.26 | 1.057 | 1,333 | 48 | ||||||
| 08-31-2021 | 12.52 | 0.147 | 3.41 | 3.55 | (0.14) | (0.48) | (0.62) | 15.45 | 29.16 | 0.57 | 0.26 | 0.967 | 1,476 | 19 | ||||||
| 08-31-2020 | 11.66 | 0.197 | 1.76 | 1.95 | (0.20) | (0.89) | (1.09) | 12.52 | 17.37 | 0.60 | 0.26 | 1.677 | 1,073 | 31 | ||||||
| 08-31-2019 | 13.30 | 0.187 | (0.52) | (0.34) | (0.18) | (1.12) | (1.30) | 11.66 | (1.13) | 0.57 | 0.26 | 1.507 | 776 | 31 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 10.76 | 0.157 | 1.03 | 1.18 | (0.21) | (0.14) | (0.35) | 11.59 | 11.168 | 0.339 | 0.069 | 1.597, 9 | 4,524 | 8 | ||||||
| 08-31-2023 | 11.54 | 0.127 | 0.88 | 1.00 | (0.12) | (1.66) | (1.78) | 10.76 | 10.67 | 0.33 | 0.06 | 1.117 | 4,682 | 17 | ||||||
| 08-31-2022 | 15.49 | 0.167 | (2.71) | (2.55) | (0.18) | (1.22) | (1.40) | 11.54 | (18.19) | 0.30 | 0.06 | 1.257 | 2,499 | 48 | ||||||
| 08-31-2021 | 12.55 | 0.217 | 3.37 | 3.58 | (0.16) | (0.48) | (0.64) | 15.49 | 29.36 | 0.27 | 0.06 | 1.477 | 863 | 19 | ||||||
| 08-31-2020 | 11.68 | 0.247 | 1.75 | 1.99 | (0.23) | (0.89) | (1.12) | 12.55 | 17.67 | 0.30 | 0.06 | 2.067 | 29 | 31 | ||||||
| 08-31-2019 | 13.34 | 0.237 | (0.56) | (0.33) | (0.21) | (1.12) | (1.33) | 11.68 | (1.05) | 0.28 | 0.07 | 1.847 | 34 | 31 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 10.76 | 0.167 | 1.04 | 1.20 | (0.22) | (0.14) | (0.36) | 11.60 | 11.308 | 0.289 | 0.019 | 1.687, 9 | 59,571 | 8 | ||||||
| 08-31-2023 | 11.54 | 0.147 | 0.87 | 1.01 | (0.13) | (1.66) | (1.79) | 10.76 | 10.73 | 0.28 | 0.01 | 1.307 | 57,496 | 17 | ||||||
| 08-31-2022 | 15.50 | 0.177 | (2.73) | (2.56) | (0.18) | (1.22) | (1.40) | 11.54 | (18.20) | 0.25 | 0.01 | 1.267 | 46,800 | 48 | ||||||
| 08-31-2021 | 12.56 | 0.167 | 3.43 | 3.59 | (0.17) | (0.48) | (0.65) | 15.50 | 29.40 | 0.22 | 0.01 | 1.147 | 43,703 | 19 | ||||||
| 08-31-2020 | 11.69 | 0.207 | 1.79 | 1.99 | (0.23) | (0.89) | (1.12) | 12.56 | 17.72 | 0.25 | — | 1.797 | 23,312 | 31 | ||||||
| 08-31-2019 | 13.34 | 0.187 | (0.49) | (0.31) | (0.22) | (1.12) | (1.34) | 11.69 | (0.90) | 0.22 | — | 1.527 | 15,426 | 31 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 43 |
Financial highlights continued
Multimanager 2050 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 10.74 | 0.167 | 1.03 | 1.19 | (0.22) | (0.14) | (0.36) | 11.57 | 11.198 | 0.329 | 0.059 | 1.777, 9 | 452,769 | 8 | ||||||
| 08-31-2023 | 11.52 | 0.147 | 0.86 | 1.00 | (0.12) | (1.66) | (1.78) | 10.74 | 10.69 | 0.33 | 0.05 | 1.327 | 410,188 | 17 | ||||||
| 08-31-2022 | 15.48 | 0.167 | (2.72) | (2.56) | (0.18) | (1.22) | (1.40) | 11.52 | (18.26) | 0.30 | 0.05 | 1.227 | 369,001 | 48 | ||||||
| 08-31-2021 | 12.54 | 0.167 | 3.42 | 3.58 | (0.16) | (0.48) | (0.64) | 15.48 | 29.40 | 0.26 | 0.05 | 1.137 | 459,795 | 19 | ||||||
| 08-31-2020 | 11.67 | 0.217 | 1.78 | 1.99 | (0.23) | (0.89) | (1.12) | 12.54 | 17.69 | 0.29 | 0.05 | 1.857 | 377,659 | 31 | ||||||
| 08-31-2019 | 13.32 | 0.207 | (0.52) | (0.32) | (0.21) | (1.12) | (1.33) | 11.67 | (0.97) | 0.26 | 0.05 | 1.667 | 329,347 | 31 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, $0.005, $0.01, $0.02, $0.01, and $0.02 per share and 0.05%, 0.04%, 0.07%, 0.10%, 0.11%, and 0.15%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 44 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2045 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 9.11 | 0.137 | 0.82 | 0.95 | (0.15) | (0.14) | (0.29) | 9.77 | 10.578 | 0.699 | 0.429 | 1.537, 9 | 154,247 | 9 | ||||||
| 08-31-2023 | 10.28 | 0.107 | 0.68 | 0.78 | (0.08) | (1.87) | (1.95) | 9.11 | 9.96 | 0.68 | 0.42 | 1.077 | 143,191 | 17 | ||||||
| 08-31-2022 | 13.72 | 0.117 | (2.42) | (2.31) | (0.11) | (1.02) | (1.13) | 10.28 | (18.42) | 0.65 | 0.42 | 0.937 | 137,181 | 47 | ||||||
| 08-31-2021 | 11.22 | 0.107 | 3.05 | 3.15 | (0.12) | (0.53) | (0.65) | 13.72 | 28.93 | 0.61 | 0.42 | 0.787 | 180,069 | 18 | ||||||
| 08-31-2020 | 10.71 | 0.157 | 1.61 | 1.76 | (0.17) | (1.08) | (1.25) | 11.22 | 17.15 | 0.64 | 0.43 | 1.457 | 132,866 | 32 | ||||||
| 08-31-2019 | 12.40 | 0.147 | (0.49) | (0.35) | (0.16) | (1.18) | (1.34) | 10.71 | (1.29) | 0.60 | 0.41 | 1.327 | 104,554 | 33 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 9.21 | 0.147 | 0.83 | 0.97 | (0.18) | (0.14) | (0.32) | 9.86 | 10.658 | 0.399 | 0.129 | 1.727, 9 | 835 | 9 | ||||||
| 08-31-2023 | 10.37 | 0.127 | 0.71 | 0.83 | (0.12) | (1.87) | (1.99) | 9.21 | 10.37 | 0.38 | 0.12 | 1.287 | 401 | 17 | ||||||
| 08-31-2022 | 13.84 | 0.147 | (2.44) | (2.30) | (0.15) | (1.02) | (1.17) | 10.37 | (18.23) | 0.35 | 0.12 | 1.147 | 309 | 47 | ||||||
| 08-31-2021 | 11.31 | 0.137 | 3.08 | 3.21 | (0.15) | (0.53) | (0.68) | 13.84 | 29.28 | 0.31 | 0.12 | 1.027 | 268 | 18 | ||||||
| 08-31-2020 | 10.77 | 0.197 | 1.63 | 1.82 | (0.20) | (1.08) | (1.28) | 11.31 | 17.70 | 0.34 | 0.13 | 1.857 | 172 | 32 | ||||||
| 08-31-2019 | 12.48 | 0.147 | (0.48) | (0.34) | (0.19) | (1.18) | (1.37) | 10.77 | (1.12) | 0.31 | 0.12 | 1.337 | 199 | 33 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 9.16 | 0.127 | 0.83 | 0.95 | (0.14) | (0.14) | (0.28) | 9.83 | 10.538 | 0.779 | 0.509 | 1.437, 9 | 6,921 | 9 | ||||||
| 08-31-2023 | 10.33 | 0.097 | 0.68 | 0.77 | (0.07) | (1.87) | (1.94) | 9.16 | 9.78 | 0.77 | 0.51 | 0.987 | 6,258 | 17 | ||||||
| 08-31-2022 | 13.78 | 0.107 | (2.43) | (2.33) | (0.10) | (1.02) | (1.12) | 10.33 | (18.48) | 0.74 | 0.51 | 0.827 | 5,709 | 47 | ||||||
| 08-31-2021 | 11.27 | 0.107 | 3.05 | 3.15 | (0.11) | (0.53) | (0.64) | 13.78 | 28.81 | 0.71 | 0.51 | 0.777 | 7,060 | 18 | ||||||
| 08-31-2020 | 10.75 | 0.147 | 1.62 | 1.76 | (0.16) | (1.08) | (1.24) | 11.27 | 17.08 | 0.72 | 0.51 | 1.337 | 3,114 | 32 | ||||||
| 08-31-2019 | 12.43 | 0.137 | (0.49) | (0.36) | (0.14) | (1.18) | (1.32) | 10.75 | (1.36) | 0.69 | 0.51 | 1.237 | 2,592 | 33 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 9.15 | 0.147 | 0.83 | 0.97 | (0.17) | (0.14) | (0.31) | 9.81 | 10.578 | 0.629 | 0.259 | 1.727, 9 | 364 | 9 | ||||||
| 08-31-2023 | 10.32 | 0.117 | 0.69 | 0.80 | (0.10) | (1.87) | (1.97) | 9.15 | 10.23 | 0.62 | 0.26 | 1.197 | 308 | 17 | ||||||
| 08-31-2022 | 13.78 | 0.137 | (2.44) | (2.31) | (0.13) | (1.02) | (1.15) | 10.32 | (18.35) | 0.59 | 0.26 | 1.057 | 245 | 47 | ||||||
| 08-31-2021 | 11.26 | 0.127 | 3.06 | 3.18 | (0.13) | (0.53) | (0.66) | 13.78 | 29.17 | 0.56 | 0.26 | 0.927 | 262 | 18 | ||||||
| 08-31-2020 | 10.74 | 0.157 | 1.63 | 1.78 | (0.18) | (1.08) | (1.26) | 11.26 | 17.38 | 0.57 | 0.26 | 1.477 | 181 | 32 | ||||||
| 08-31-2019 | 12.43 | 0.157 | (0.48) | (0.33) | (0.18) | (1.18) | (1.36) | 10.74 | (1.13) | 0.54 | 0.26 | 1.387 | 174 | 33 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 9.25 | 0.147 | 0.83 | 0.97 | (0.18) | (0.14) | (0.32) | 9.90 | 10.678 | 0.329 | 0.069 | 1.837, 9 | 5,941 | 9 | ||||||
| 08-31-2023 | 10.41 | 0.127 | 0.71 | 0.83 | (0.12) | (1.87) | (1.99) | 9.25 | 10.41 | 0.32 | 0.06 | 1.327 | 5,846 | 17 | ||||||
| 08-31-2022 | 13.88 | 0.177 | (2.46) | (2.29) | (0.16) | (1.02) | (1.18) | 10.41 | (18.12) | 0.29 | 0.06 | 1.427 | 4,843 | 47 | ||||||
| 08-31-2021 | 11.34 | 0.167 | 3.06 | 3.22 | (0.15) | (0.53) | (0.68) | 13.88 | 29.36 | 0.26 | 0.06 | 1.237 | 3,009 | 18 | ||||||
| 08-31-2020 | 10.80 | 0.197 | 1.64 | 1.83 | (0.21) | (1.08) | (1.29) | 11.34 | 17.71 | 0.27 | 0.06 | 1.797 | 1,990 | 32 | ||||||
| 08-31-2019 | 12.50 | 0.227 | (0.54) | (0.32) | (0.20) | (1.18) | (1.38) | 10.80 | (0.99) | 0.25 | 0.06 | 1.987 | 1,484 | 33 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 9.21 | 0.147 | 0.84 | 0.98 | (0.19) | (0.14) | (0.33) | 9.86 | 10.768 | 0.279 | 0.019 | 1.807, 9 | 70,628 | 9 | ||||||
| 08-31-2023 | 10.38 | 0.137 | 0.70 | 0.83 | (0.13) | (1.87) | (2.00) | 9.21 | 10.38 | 0.27 | 0.01 | 1.457 | 72,695 | 17 | ||||||
| 08-31-2022 | 13.85 | 0.167 | (2.43) | (2.27) | (0.17) | (1.03) | (1.20) | 10.38 | (18.12) | 0.24 | 0.01 | 1.357 | 61,640 | 47 | ||||||
| 08-31-2021 | 11.31 | 0.157 | 3.08 | 3.23 | (0.16) | (0.53) | (0.69) | 13.85 | 29.50 | 0.21 | 0.01 | 1.207 | 60,389 | 18 | ||||||
| 08-31-2020 | 10.78 | 0.197 | 1.63 | 1.82 | (0.21) | (1.08) | (1.29) | 11.31 | 17.72 | 0.22 | — | 1.847 | 38,164 | 32 | ||||||
| 08-31-2019 | 12.48 | 0.187 | (0.49) | (0.31) | (0.21) | (1.18) | (1.39) | 10.78 | (0.89) | 0.20 | — | 1.707 | 29,020 | 33 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 45 |
Financial highlights continued
Multimanager 2045 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 9.22 | 0.147 | 0.84 | 0.98 | (0.18) | (0.14) | (0.32) | 9.88 | 10.828 | 0.329 | 0.059 | 1.897, 9 | 679,056 | 9 | ||||||
| 08-31-2023 | 10.39 | 0.137 | 0.69 | 0.82 | (0.12) | (1.87) | (1.99) | 9.22 | 10.32 | 0.32 | 0.05 | 1.447 | 633,452 | 17 | ||||||
| 08-31-2022 | 13.86 | 0.157 | (2.44) | (2.29) | (0.16) | (1.02) | (1.18) | 10.39 | (18.14) | 0.28 | 0.05 | 1.287 | 601,581 | 47 | ||||||
| 08-31-2021 | 11.32 | 0.157 | 3.07 | 3.22 | (0.15) | (0.53) | (0.68) | 13.86 | 29.42 | 0.25 | 0.05 | 1.167 | 765,559 | 18 | ||||||
| 08-31-2020 | 10.79 | 0.207 | 1.62 | 1.82 | (0.21) | (1.08) | (1.29) | 11.32 | 17.65 | 0.26 | 0.05 | 1.887 | 638,101 | 32 | ||||||
| 08-31-2019 | 12.49 | 0.197 | (0.51) | (0.32) | (0.20) | (1.18) | (1.38) | 10.79 | (0.95) | 0.23 | 0.05 | 1.697 | 599,868 | 33 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, $0.005, $0.01, $0.02, $0.01, and $0.02 per share and 0.06%, 0.06%, 0.09%, 0.12%, 0.13%, and 0.16%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 46 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2040 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 9.25 | 0.147 | 0.75 | 0.89 | (0.19) | (0.08) | (0.27) | 9.87 | 9.708 | 0.709 | 0.429 | 1.767, 9 | 172,222 | 9 | ||||||
| 08-31-2023 | 10.41 | 0.127 | 0.59 | 0.71 | (0.09) | (1.78) | (1.87) | 9.25 | 8.87 | 0.69 | 0.42 | 1.297 | 164,166 | 19 | ||||||
| 08-31-2022 | 13.88 | 0.137 | (2.43) | (2.30) | (0.12) | (1.05) | (1.17) | 10.41 | (18.12) | 0.66 | 0.42 | 1.097 | 160,083 | 49 | ||||||
| 08-31-2021 | 11.50 | 0.117 | 2.95 | 3.06 | (0.12) | (0.56) | (0.68) | 13.88 | 27.48 | 0.62 | 0.42 | 0.857 | 210,327 | 21 | ||||||
| 08-31-2020 | 10.91 | 0.167 | 1.63 | 1.79 | (0.17) | (1.03) | (1.20) | 11.50 | 17.18 | 0.64 | 0.43 | 1.507 | 159,569 | 33 | ||||||
| 08-31-2019 | 12.56 | 0.157 | (0.47) | (0.32) | (0.17) | (1.16) | (1.33) | 10.91 | (1.09) | 0.60 | 0.41 | 1.357 | 127,736 | 33 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 9.35 | 0.157 | 0.77 | 0.92 | (0.22) | (0.08) | (0.30) | 9.97 | 9.908 | 0.409 | 0.129 | 1.987, 9 | 832 | 9 | ||||||
| 08-31-2023 | 10.51 | 0.157 | 0.59 | 0.74 | (0.12) | (1.78) | (1.90) | 9.35 | 9.18 | 0.39 | 0.12 | 1.607 | 533 | 19 | ||||||
| 08-31-2022 | 14.00 | 0.217 | (2.49) | (2.28) | (0.16) | (1.05) | (1.21) | 10.51 | (17.86) | 0.36 | 0.11 | 1.677 | 616 | 49 | ||||||
| 08-31-2021 | 11.58 | 0.137 | 3.00 | 3.13 | (0.15) | (0.56) | (0.71) | 14.00 | 27.96 | 0.32 | 0.11 | 1.047 | 1,468 | 21 | ||||||
| 08-31-2020 | 10.98 | 0.207 | 1.64 | 1.84 | (0.21) | (1.03) | (1.24) | 11.58 | 17.51 | 0.34 | 0.13 | 1.887 | 645 | 33 | ||||||
| 08-31-2019 | 12.64 | 0.147 | (0.44) | (0.30) | (0.20) | (1.16) | (1.36) | 10.98 | (0.85) | 0.30 | 0.12 | 1.277 | 325 | 33 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 9.29 | 0.137 | 0.76 | 0.89 | (0.18) | (0.08) | (0.26) | 9.92 | 9.688 | 0.779 | 0.509 | 1.717, 9 | 5,926 | 9 | ||||||
| 08-31-2023 | 10.44 | 0.117 | 0.60 | 0.71 | (0.08) | (1.78) | (1.86) | 9.29 | 8.84 | 0.78 | 0.50 | 1.197 | 5,250 | 19 | ||||||
| 08-31-2022 | 13.92 | 0.127 | (2.44) | (2.32) | (0.11) | (1.05) | (1.16) | 10.44 | (18.21) | 0.75 | 0.51 | 1.007 | 5,170 | 49 | ||||||
| 08-31-2021 | 11.53 | 0.107 | 2.96 | 3.06 | (0.11) | (0.56) | (0.67) | 13.92 | 27.42 | 0.72 | 0.51 | 0.787 | 7,442 | 21 | ||||||
| 08-31-2020 | 10.94 | 0.167 | 1.63 | 1.79 | (0.17) | (1.03) | (1.20) | 11.53 | 17.04 | 0.73 | 0.51 | 1.507 | 1,108 | 33 | ||||||
| 08-31-2019 | 12.58 | 0.117 | (0.44) | (0.33) | (0.15) | (1.16) | (1.31) | 10.94 | (1.18) | 0.69 | 0.51 | 1.047 | 987 | 33 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 9.27 | 0.157 | 0.74 | 0.89 | (0.20) | (0.08) | (0.28) | 9.88 | 9.738 | 0.629 | 0.259 | 2.047, 9 | 596 | 9 | ||||||
| 08-31-2023 | 10.43 | 0.137 | 0.60 | 0.73 | (0.11) | (1.78) | (1.89) | 9.27 | 9.07 | 0.63 | 0.25 | 1.437 | 497 | 19 | ||||||
| 08-31-2022 | 13.90 | 0.157 | (2.42) | (2.27) | (0.15) | (1.05) | (1.20) | 10.43 | (17.96) | 0.60 | 0.26 | 1.247 | 381 | 49 | ||||||
| 08-31-2021 | 11.51 | 0.137 | 2.96 | 3.09 | (0.14) | (0.56) | (0.70) | 13.90 | 27.71 | 0.57 | 0.26 | 1.027 | 387 | 21 | ||||||
| 08-31-2020 | 10.92 | 0.187 | 1.63 | 1.81 | (0.19) | (1.03) | (1.22) | 11.51 | 17.35 | 0.58 | 0.26 | 1.667 | 276 | 33 | ||||||
| 08-31-2019 | 12.57 | 0.177 | (0.48) | (0.31) | (0.18) | (1.16) | (1.34) | 10.92 | (0.94) | 0.54 | 0.26 | 1.517 | 224 | 33 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 9.37 | 0.167 | 0.75 | 0.91 | (0.22) | (0.08) | (0.30) | 9.98 | 9.838 | 0.339 | 0.069 | 2.147, 9 | 7,243 | 9 | ||||||
| 08-31-2023 | 10.53 | 0.157 | 0.60 | 0.75 | (0.13) | (1.78) | (1.91) | 9.37 | 9.24 | 0.33 | 0.06 | 1.567 | 6,431 | 19 | ||||||
| 08-31-2022 | 14.02 | 0.177 | (2.42) | (2.25) | (0.18) | (1.06) | (1.24) | 10.53 | (17.78) | 0.30 | 0.06 | 1.427 | 4,902 | 49 | ||||||
| 08-31-2021 | 11.60 | 0.187 | 2.96 | 3.14 | (0.16) | (0.56) | (0.72) | 14.02 | 27.97 | 0.27 | 0.06 | 1.347 | 2,404 | 21 | ||||||
| 08-31-2020 | 10.99 | 0.187 | 1.67 | 1.85 | (0.21) | (1.03) | (1.24) | 11.60 | 17.66 | 0.28 | 0.06 | 1.737 | 327 | 33 | ||||||
| 08-31-2019 | 12.65 | 0.237 | (0.52) | (0.29) | (0.21) | (1.16) | (1.37) | 10.99 | (0.78) | 0.25 | 0.06 | 1.997 | 192 | 33 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 9.33 | 0.157 | 0.77 | 0.92 | (0.23) | (0.08) | (0.31) | 9.94 | 9.928 | 0.289 | 0.019 | 1.997, 9 | 68,494 | 9 | ||||||
| 08-31-2023 | 10.50 | 0.167 | 0.59 | 0.75 | (0.14) | (1.78) | (1.92) | 9.33 | 9.22 | 0.28 | 0.01 | 1.697 | 77,694 | 19 | ||||||
| 08-31-2022 | 13.98 | 0.187 | (2.43) | (2.25) | (0.18) | (1.05) | (1.23) | 10.50 | (17.72) | 0.25 | 0.01 | 1.527 | 65,036 | 49 | ||||||
| 08-31-2021 | 11.57 | 0.167 | 2.97 | 3.13 | (0.16) | (0.56) | (0.72) | 13.98 | 28.02 | 0.22 | 0.01 | 1.247 | 70,130 | 21 | ||||||
| 08-31-2020 | 10.97 | 0.207 | 1.65 | 1.85 | (0.22) | (1.03) | (1.25) | 11.57 | 17.66 | 0.23 | — | 1.887 | 38,274 | 33 | ||||||
| 08-31-2019 | 12.63 | 0.207 | (0.49) | (0.29) | (0.21) | (1.16) | (1.37) | 10.97 | (0.71) | 0.19 | — | 1.857 | 28,782 | 33 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 47 |
Financial highlights continued
Multimanager 2040 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 9.35 | 0.157 | 0.76 | 0.91 | (0.22) | (0.08) | (0.30) | 9.96 | 9.868 | 0.329 | 0.059 | 2.147, 9 | 689,749 | 9 | ||||||
| 08-31-2023 | 10.51 | 0.167 | 0.59 | 0.75 | (0.13) | (1.78) | (1.91) | 9.35 | 9.28 | 0.32 | 0.05 | 1.667 | 657,016 | 19 | ||||||
| 08-31-2022 | 13.99 | 0.187 | (2.44) | (2.26) | (0.17) | (1.05) | (1.22) | 10.51 | (17.74) | 0.29 | 0.05 | 1.447 | 632,481 | 49 | ||||||
| 08-31-2021 | 11.58 | 0.167 | 2.97 | 3.13 | (0.16) | (0.56) | (0.72) | 13.99 | 27.93 | 0.26 | 0.05 | 1.247 | 812,243 | 21 | ||||||
| 08-31-2020 | 10.98 | 0.207 | 1.65 | 1.85 | (0.22) | (1.03) | (1.25) | 11.58 | 17.59 | 0.26 | 0.05 | 1.927 | 690,481 | 33 | ||||||
| 08-31-2019 | 12.64 | 0.197 | (0.48) | (0.29) | (0.21) | (1.16) | (1.37) | 10.98 | (0.77) | 0.23 | 0.05 | 1.747 | 656,081 | 33 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, $0.01, $0.01, $0.01, and $0.02 per share and 0.05%, 0.04%, 0.08%, 0.11%, 0.12%, and 0.16%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 48 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2035 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 9.07 | 0.147 | 0.64 | 0.78 | (0.21) | (0.03) | (0.24) | 9.61 | 8.628 | 0.709 | 0.429 | 2.057, 9 | 198,800 | 9 | ||||||
| 08-31-2023 | 10.13 | 0.147 | 0.47 | 0.61 | (0.10) | (1.57) | (1.67) | 9.07 | 7.67 | 0.70 | 0.42 | 1.557 | 191,072 | 20 | ||||||
| 08-31-2022 | 13.46 | 0.157 | (2.27) | (2.12) | (0.16) | (1.05) | (1.21) | 10.13 | (17.39) | 0.67 | 0.42 | 1.287 | 187,557 | 49 | ||||||
| 08-31-2021 | 11.39 | 0.137 | 2.63 | 2.76 | (0.12) | (0.57) | (0.69) | 13.46 | 25.10 | 0.63 | 0.42 | 1.017 | 243,658 | 26 | ||||||
| 08-31-2020 | 10.89 | 0.177 | 1.52 | 1.69 | (0.19) | (1.00) | (1.19) | 11.39 | 16.21 | 0.64 | 0.43 | 1.587 | 188,821 | 34 | ||||||
| 08-31-2019 | 12.38 | 0.177 | (0.40) | (0.23) | (0.18) | (1.08) | (1.26) | 10.89 | (0.46) | 0.59 | 0.41 | 1.517 | 146,789 | 34 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 9.12 | 0.127 | 0.68 | 0.80 | (0.23) | (0.03) | (0.26) | 9.66 | 8.888 | 0.409 | 0.129 | 1.517, 9 | 608 | 9 | ||||||
| 08-31-2023 | 10.19 | 0.167 | 0.47 | 0.63 | (0.13) | (1.57) | (1.70) | 9.12 | 7.89 | 0.40 | 0.12 | 1.757 | 96 | 20 | ||||||
| 08-31-2022 | 13.54 | 0.247 | (2.34) | (2.10) | (0.20) | (1.05) | (1.25) | 10.19 | (17.19) | 0.37 | 0.12 | 2.107 | 119 | 49 | ||||||
| 08-31-2021 | 11.45 | 0.097 | 2.73 | 2.82 | (0.16) | (0.57) | (0.73) | 13.54 | 25.53 | 0.33 | 0.11 | 0.767 | 100 | 26 | ||||||
| 08-31-2020 | 10.96 | 0.097 | 1.64 | 1.73 | (0.24) | (1.00) | (1.24) | 11.45 | 16.50 | 0.34 | 0.13 | 0.927 | 16 | 34 | ||||||
| 08-31-2019 | 12.46 | 0.287 | (0.48) | (0.20) | (0.22) | (1.08) | (1.30) | 10.96 | (0.18) | 0.31 | 0.13 | 2.387 | 2 | 34 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 9.12 | 0.147 | 0.65 | 0.79 | (0.20) | (0.03) | (0.23) | 9.68 | 8.708 | 0.799 | 0.519 | 1.937, 9 | 9,377 | 9 | ||||||
| 08-31-2023 | 10.18 | 0.137 | 0.46 | 0.59 | (0.08) | (1.57) | (1.65) | 9.12 | 7.49 | 0.78 | 0.50 | 1.437 | 9,315 | 20 | ||||||
| 08-31-2022 | 13.53 | 0.147 | (2.29) | (2.15) | (0.15) | (1.05) | (1.20) | 10.18 | (17.52) | 0.76 | 0.51 | 1.157 | 8,291 | 49 | ||||||
| 08-31-2021 | 11.44 | 0.137 | 2.65 | 2.78 | (0.12) | (0.57) | (0.69) | 13.53 | 25.09 | 0.72 | 0.51 | 1.017 | 10,905 | 26 | ||||||
| 08-31-2020 | 10.93 | 0.167 | 1.53 | 1.69 | (0.18) | (1.00) | (1.18) | 11.44 | 16.13 | 0.73 | 0.51 | 1.567 | 3,075 | 34 | ||||||
| 08-31-2019 | 12.42 | 0.167 | (0.40) | (0.24) | (0.17) | (1.08) | (1.25) | 10.93 | (0.57) | 0.69 | 0.51 | 1.427 | 2,021 | 34 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 9.14 | 0.157 | 0.65 | 0.80 | (0.22) | (0.03) | (0.25) | 9.69 | 8.888 | 0.609 | 0.219 | 2.277, 9 | 231 | 9 | ||||||
| 08-31-2023 | 10.20 | 0.167 | 0.46 | 0.62 | (0.11) | (1.57) | (1.68) | 9.14 | 7.80 | 0.59 | 0.21 | 1.737 | 205 | 20 | ||||||
| 08-31-2022 | 13.54 | 0.167 | (2.27) | (2.11) | (0.18) | (1.05) | (1.23) | 10.20 | (17.22) | 0.56 | 0.21 | 1.427 | 171 | 49 | ||||||
| 08-31-2021 | 11.45 | 0.157 | 2.65 | 2.80 | (0.14) | (0.57) | (0.71) | 13.54 | 25.33 | 0.56 | 0.24 | 1.167 | 128 | 26 | ||||||
| 08-31-2020 | 10.94 | 0.197 | 1.53 | 1.72 | (0.21) | (1.00) | (1.21) | 11.45 | 16.42 | 0.58 | 0.26 | 1.797 | 91 | 34 | ||||||
| 08-31-2019 | 12.44 | 0.177 | (0.39) | (0.22) | (0.20) | (1.08) | (1.28) | 10.94 | (0.37) | 0.54 | 0.26 | 1.497 | 87 | 34 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 9.17 | 0.167 | 0.65 | 0.81 | (0.24) | (0.03) | (0.27) | 9.71 | 8.898 | 0.349 | 0.069 | 2.337, 9 | 9,170 | 9 | ||||||
| 08-31-2023 | 10.23 | 0.177 | 0.47 | 0.64 | (0.13) | (1.57) | (1.70) | 9.17 | 8.05 | 0.34 | 0.06 | 1.807 | 10,092 | 20 | ||||||
| 08-31-2022 | 13.59 | 0.177 | (2.28) | (2.11) | (0.20) | (1.05) | (1.25) | 10.23 | (17.15) | 0.31 | 0.06 | 1.507 | 7,777 | 49 | ||||||
| 08-31-2021 | 11.48 | 0.187 | 2.66 | 2.84 | (0.16) | (0.57) | (0.73) | 13.59 | 25.64 | 0.28 | 0.06 | 1.457 | 4,223 | 26 | ||||||
| 08-31-2020 | 10.96 | 0.207 | 1.55 | 1.75 | (0.23) | (1.00) | (1.23) | 11.48 | 16.71 | 0.28 | 0.06 | 1.897 | 260 | 34 | ||||||
| 08-31-2019 | 12.46 | 0.217 | (0.41) | (0.20) | (0.22) | (1.08) | (1.30) | 10.96 | (0.13) | 0.24 | 0.06 | 1.797 | 289 | 34 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 9.16 | 0.167 | 0.64 | 0.80 | (0.24) | (0.03) | (0.27) | 9.69 | 8.848 | 0.299 | 0.019 | 2.357, 9 | 84,414 | 9 | ||||||
| 08-31-2023 | 10.22 | 0.187 | 0.47 | 0.65 | (0.14) | (1.57) | (1.71) | 9.16 | 8.11 | 0.29 | 0.01 | 1.937 | 89,702 | 20 | ||||||
| 08-31-2022 | 13.58 | 0.207 | (2.30) | (2.10) | (0.21) | (1.05) | (1.26) | 10.22 | (17.11) | 0.26 | 0.01 | 1.717 | 74,714 | 49 | ||||||
| 08-31-2021 | 11.47 | 0.187 | 2.67 | 2.85 | (0.17) | (0.57) | (0.74) | 13.58 | 25.73 | 0.23 | 0.01 | 1.407 | 80,488 | 26 | ||||||
| 08-31-2020 | 10.96 | 0.207 | 1.54 | 1.74 | (0.23) | (1.00) | (1.23) | 11.47 | 16.68 | 0.23 | — | 1.877 | 46,792 | 34 | ||||||
| 08-31-2019 | 12.46 | 0.207 | (0.39) | (0.19) | (0.23) | (1.08) | (1.31) | 10.96 | (0.05) | 0.19 | — | 1.887 | 31,906 | 34 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 49 |
Financial highlights continued
Multimanager 2035 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 9.17 | 0.167 | 0.65 | 0.81 | (0.24) | (0.03) | (0.27) | 9.71 | 8.908 | 0.339 | 0.059 | 2.447, 9 | 799,671 | 9 | ||||||
| 08-31-2023 | 10.23 | 0.187 | 0.46 | 0.64 | (0.13) | (1.57) | (1.70) | 9.17 | 8.06 | 0.33 | 0.05 | 1.927 | 762,184 | 20 | ||||||
| 08-31-2022 | 13.59 | 0.197 | (2.29) | (2.10) | (0.21) | (1.05) | (1.26) | 10.23 | (17.14) | 0.30 | 0.05 | 1.627 | 750,728 | 49 | ||||||
| 08-31-2021 | 11.48 | 0.177 | 2.67 | 2.84 | (0.16) | (0.57) | (0.73) | 13.59 | 25.65 | 0.27 | 0.05 | 1.397 | 967,161 | 26 | ||||||
| 08-31-2020 | 10.97 | 0.217 | 1.53 | 1.74 | (0.23) | (1.00) | (1.23) | 11.48 | 16.61 | 0.27 | 0.05 | 2.017 | 853,701 | 34 | ||||||
| 08-31-2019 | 12.47 | 0.217 | (0.41) | (0.20) | (0.22) | (1.08) | (1.30) | 10.97 | (0.10) | 0.23 | 0.05 | 1.897 | 823,762 | 34 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, less than $0.005, $0.01, $0.01, and $0.02 per share and 0.03%, 0.02%, 0.04%, 0.08%, 0.09%, and 0.15%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 50 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2030 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 8.92 | 0.157 | 0.52 | 0.67 | (0.24) | (0.01) | (0.25) | 9.34 | 7.618 | 0.719 | 0.429 | 2.427, 9 | 231,544 | 9 | ||||||
| 08-31-2023 | 9.84 | 0.177 | 0.35 | 0.52 | (0.12) | (1.32) | (1.44) | 8.92 | 6.56 | 0.70 | 0.42 | 1.917 | 225,786 | 22 | ||||||
| 08-31-2022 | 12.84 | 0.187 | (2.09) | (1.91) | (0.18) | (0.91) | (1.09) | 9.84 | (16.34) | 0.67 | 0.42 | 1.607 | 223,543 | 46 | ||||||
| 08-31-2021 | 11.10 | 0.147 | 2.26 | 2.40 | (0.14) | (0.52) | (0.66) | 12.84 | 22.37 | 0.64 | 0.42 | 1.217 | 290,842 | 30 | ||||||
| 08-31-2020 | 10.64 | 0.177 | 1.36 | 1.53 | (0.19) | (0.88) | (1.07) | 11.10 | 15.07 | 0.65 | 0.43 | 1.687 | 226,690 | 33 | ||||||
| 08-31-2019 | 11.87 | 0.197 | (0.26) | (0.07) | (0.21) | (0.95) | (1.16) | 10.64 | 0.69 | 0.60 | 0.41 | 1.747 | 182,499 | 40 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 8.89 | 0.167 | 0.53 | 0.69 | (0.27) | (0.01) | (0.28) | 9.30 | 7.828 | 0.419 | 0.129 | 2.647, 9 | 1,632 | 9 | ||||||
| 08-31-2023 | 9.82 | 0.217 | 0.33 | 0.54 | (0.15) | (1.32) | (1.47) | 8.89 | 6.84 | 0.40 | 0.11 | 2.377 | 1,422 | 22 | ||||||
| 08-31-2022 | 12.82 | 0.197 | (2.07) | (1.88) | (0.21) | (0.91) | (1.12) | 9.82 | (16.11) | 0.37 | 0.12 | 1.717 | 1,804 | 46 | ||||||
| 08-31-2021 | 11.07 | 0.197 | 2.25 | 2.44 | (0.17) | (0.52) | (0.69) | 12.82 | 22.84 | 0.34 | 0.12 | 1.597 | 1,754 | 30 | ||||||
| 08-31-2020 | 10.61 | 0.197 | 1.38 | 1.57 | (0.23) | (0.88) | (1.11) | 11.07 | 15.44 | 0.35 | 0.13 | 1.867 | 1,260 | 33 | ||||||
| 08-31-2019 | 11.85 | 0.217 | (0.26) | (0.05) | (0.24) | (0.95) | (1.19) | 10.61 | 0.96 | 0.31 | 0.13 | 2.017 | 891 | 40 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 8.82 | 0.157 | 0.52 | 0.67 | (0.24) | (0.01) | (0.25) | 9.24 | 7.608 | 0.799 | 0.509 | 2.347, 9 | 10,086 | 9 | ||||||
| 08-31-2023 | 9.75 | 0.167 | 0.34 | 0.50 | (0.11) | (1.32) | (1.43) | 8.82 | 6.40 | 0.79 | 0.50 | 1.807 | 9,418 | 22 | ||||||
| 08-31-2022 | 12.73 | 0.177 | (2.07) | (1.90) | (0.17) | (0.91) | (1.08) | 9.75 | (16.40) | 0.76 | 0.50 | 1.507 | 8,911 | 46 | ||||||
| 08-31-2021 | 11.01 | 0.147 | 2.23 | 2.37 | (0.13) | (0.52) | (0.65) | 12.73 | 22.29 | 0.73 | 0.51 | 1.137 | 12,297 | 30 | ||||||
| 08-31-2020 | 10.56 | 0.177 | 1.35 | 1.52 | (0.19) | (0.88) | (1.07) | 11.01 | 15.00 | 0.74 | 0.52 | 1.627 | 3,304 | 33 | ||||||
| 08-31-2019 | 11.79 | 0.197 | (0.27) | (0.08) | (0.20) | (0.95) | (1.15) | 10.56 | 0.58 | 0.68 | 0.50 | 1.827 | 2,744 | 40 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 8.86 | 0.167 | 0.51 | 0.67 | (0.26) | (0.01) | (0.27) | 9.26 | 7.598 | 0.649 | 0.259 | 2.657, 9 | 1,083 | 9 | ||||||
| 08-31-2023 | 9.78 | 0.187 | 0.35 | 0.53 | (0.13) | (1.32) | (1.45) | 8.86 | 6.82 | 0.65 | 0.26 | 2.067 | 916 | 22 | ||||||
| 08-31-2022 | 12.78 | 0.207 | (2.09) | (1.89) | (0.20) | (0.91) | (1.11) | 9.78 | (16.27) | 0.62 | 0.26 | 1.757 | 767 | 46 | ||||||
| 08-31-2021 | 11.04 | 0.167 | 2.26 | 2.42 | (0.16) | (0.52) | (0.68) | 12.78 | 22.67 | 0.58 | 0.26 | 1.367 | 845 | 30 | ||||||
| 08-31-2020 | 10.59 | 0.207 | 1.34 | 1.54 | (0.21) | (0.88) | (1.09) | 11.04 | 15.23 | 0.59 | 0.27 | 1.917 | 556 | 33 | ||||||
| 08-31-2019 | 11.82 | 0.227 | (0.28) | (0.06) | (0.22) | (0.95) | (1.17) | 10.59 | 0.86 | 0.54 | 0.26 | 2.077 | 451 | 40 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 8.88 | 0.177 | 0.52 | 0.69 | (0.28) | (0.01) | (0.29) | 9.28 | 7.778 | 0.359 | 0.069 | 2.747, 9 | 9,975 | 9 | ||||||
| 08-31-2023 | 9.81 | 0.197 | 0.35 | 0.54 | (0.15) | (1.32) | (1.47) | 8.88 | 6.94 | 0.35 | 0.06 | 2.187 | 10,747 | 22 | ||||||
| 08-31-2022 | 12.81 | 0.217 | (2.08) | (1.87) | (0.22) | (0.91) | (1.13) | 9.81 | (16.07) | 0.32 | 0.06 | 1.927 | 8,677 | 46 | ||||||
| 08-31-2021 | 11.06 | 0.207 | 2.25 | 2.45 | (0.18) | (0.52) | (0.70) | 12.81 | 22.92 | 0.28 | 0.06 | 1.667 | 6,770 | 30 | ||||||
| 08-31-2020 | 10.61 | 0.257 | 1.31 | 1.56 | (0.23) | (0.88) | (1.11) | 11.06 | 15.44 | 0.28 | 0.06 | 2.367 | 747 | 33 | ||||||
| 08-31-2019 | 11.85 | 0.227 | (0.26) | (0.04) | (0.25) | (0.95) | (1.20) | 10.61 | 1.03 | 0.25 | 0.06 | 2.087 | 947 | 40 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 8.88 | 0.167 | 0.53 | 0.69 | (0.28) | (0.01) | (0.29) | 9.28 | 7.828 | 0.309 | 0.019 | 2.687, 9 | 90,732 | 9 | ||||||
| 08-31-2023 | 9.81 | 0.207 | 0.35 | 0.55 | (0.16) | (1.32) | (1.48) | 8.88 | 6.99 | 0.30 | 0.01 | 2.297 | 98,309 | 22 | ||||||
| 08-31-2022 | 12.81 | 0.237 | (2.09) | (1.86) | (0.23) | (0.91) | (1.14) | 9.81 | (16.03) | 0.27 | 0.01 | 2.027 | 85,111 | 46 | ||||||
| 08-31-2021 | 11.06 | 0.197 | 2.26 | 2.45 | (0.18) | (0.52) | (0.70) | 12.81 | 22.98 | 0.23 | 0.01 | 1.597 | 89,308 | 30 | ||||||
| 08-31-2020 | 10.61 | 0.217 | 1.36 | 1.57 | (0.24) | (0.88) | (1.12) | 11.06 | 15.50 | 0.23 | — | 2.057 | 53,240 | 33 | ||||||
| 08-31-2019 | 11.85 | 0.227 | (0.25) | (0.03) | (0.26) | (0.95) | (1.21) | 10.61 | 1.10 | 0.20 | — | 2.087 | 38,634 | 40 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 51 |
Financial highlights continued
Multimanager 2030 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 8.89 | 0.177 | 0.52 | 0.69 | (0.28) | (0.01) | (0.29) | 9.29 | 7.778 | 0.349 | 0.059 | 2.797, 9 | 840,407 | 9 | ||||||
| 08-31-2023 | 9.82 | 0.207 | 0.34 | 0.54 | (0.15) | (1.32) | (1.47) | 8.89 | 7.05 | 0.34 | 0.05 | 2.297 | 824,933 | 22 | ||||||
| 08-31-2022 | 12.82 | 0.227 | (2.09) | (1.87) | (0.22) | (0.91) | (1.13) | 9.82 | (16.13) | 0.31 | 0.05 | 1.957 | 851,307 | 46 | ||||||
| 08-31-2021 | 11.07 | 0.197 | 2.26 | 2.45 | (0.18) | (0.52) | (0.70) | 12.82 | 22.91 | 0.27 | 0.05 | 1.607 | 1,081,454 | 30 | ||||||
| 08-31-2020 | 10.62 | 0.227 | 1.34 | 1.56 | (0.23) | (0.88) | (1.11) | 11.07 | 15.43 | 0.27 | 0.05 | 2.117 | 978,135 | 33 | ||||||
| 08-31-2019 | 11.85 | 0.237 | (0.26) | (0.03) | (0.25) | (0.95) | (1.20) | 10.62 | 1.12 | 0.23 | 0.05 | 2.127 | 967,661 | 40 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, less than $0.005, $0.01, $0.01, and $0.02 per share and 0.04%, 0.02%, 0.04%, 0.09%, 0.10%, and 0.16%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Not annualized. |
| 9 Annualized. |
| 52 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2025 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 8.55 | 0.167 | 0.39 | 0.55 | (0.30) | —8 | (0.30) | 8.80 | 6.419 | 0.7410 | 0.4210 | 2.807, 10 | 194,265 | 9 | ||||||
| 08-31-2023 | 9.42 | 0.207 | 0.21 | 0.41 | (0.15) | (1.13) | (1.28) | 8.55 | 5.43 | 0.72 | 0.42 | 2.327 | 195,706 | 20 | ||||||
| 08-31-2022 | 12.17 | 0.217 | (1.83) | (1.62) | (0.20) | (0.93) | (1.13) | 9.42 | (14.73) | 0.69 | 0.42 | 1.977 | 207,424 | 45 | ||||||
| 08-31-2021 | 10.79 | 0.177 | 1.88 | 2.05 | (0.16) | (0.51) | (0.67) | 12.17 | 19.63 | 0.66 | 0.42 | 1.497 | 270,307 | 30 | ||||||
| 08-31-2020 | 10.44 | 0.187 | 1.14 | 1.32 | (0.21) | (0.76) | (0.97) | 10.79 | 13.24 | 0.66 | 0.43 | 1.757 | 213,868 | 35 | ||||||
| 08-31-2019 | 11.46 | 0.217 | (0.14) | 0.07 | (0.23) | (0.86) | (1.09) | 10.44 | 1.80 | 0.60 | 0.41 | 2.017 | 180,550 | 39 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 8.51 | 0.177 | 0.39 | 0.56 | (0.32) | —8 | (0.32) | 8.75 | 6.629 | 0.4410 | 0.1210 | 3.127, 10 | 2,425 | 9 | ||||||
| 08-31-2023 | 9.39 | 0.237 | 0.20 | 0.43 | (0.18) | (1.13) | (1.31) | 8.51 | 5.70 | 0.42 | 0.12 | 2.707 | 1,623 | 20 | ||||||
| 08-31-2022 | 12.13 | 0.247 | (1.81) | (1.57) | (0.24) | (0.93) | (1.17) | 9.39 | (14.43) | 0.39 | 0.12 | 2.267 | 1,856 | 45 | ||||||
| 08-31-2021 | 10.76 | 0.227 | 1.85 | 2.07 | (0.19) | (0.51) | (0.70) | 12.13 | 19.90 | 0.36 | 0.12 | 1.907 | 2,701 | 30 | ||||||
| 08-31-2020 | 10.41 | 0.207 | 1.16 | 1.36 | (0.25) | (0.76) | (1.01) | 10.76 | 13.61 | 0.36 | 0.13 | 1.967 | 2,094 | 35 | ||||||
| 08-31-2019 | 11.43 | 0.157 | (0.05) | 0.10 | (0.26) | (0.86) | (1.12) | 10.41 | 2.17 | 0.31 | 0.12 | 1.557 | 1,502 | 39 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 8.47 | 0.157 | 0.38 | 0.53 | (0.29) | —8 | (0.29) | 8.71 | 6.269 | 0.8210 | 0.5110 | 2.657, 10 | 7,004 | 9 | ||||||
| 08-31-2023 | 9.34 | 0.197 | 0.21 | 0.40 | (0.14) | (1.13) | (1.27) | 8.47 | 5.37 | 0.81 | 0.51 | 2.227 | 7,929 | 20 | ||||||
| 08-31-2022 | 12.07 | 0.207 | (1.81) | (1.61) | (0.19) | (0.93) | (1.12) | 9.34 | (14.77) | 0.79 | 0.51 | 1.877 | 8,960 | 45 | ||||||
| 08-31-2021 | 10.71 | 0.177 | 1.85 | 2.02 | (0.15) | (0.51) | (0.66) | 12.07 | 19.51 | 0.72 | 0.48 | 1.467 | 13,021 | 30 | ||||||
| 08-31-2020 | 10.37 | 0.167 | 1.15 | 1.31 | (0.21) | (0.76) | (0.97) | 10.71 | 13.16 | 0.75 | 0.52 | 1.627 | 4,775 | 35 | ||||||
| 08-31-2019 | 11.39 | 0.187 | (0.12) | 0.06 | (0.22) | (0.86) | (1.08) | 10.37 | 1.71 | 0.69 | 0.50 | 1.807 | 4,273 | 39 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 8.52 | 0.167 | 0.38 | 0.54 | (0.31) | —8 | (0.31) | 8.75 | 6.359 | 0.6710 | 0.2610 | 2.937, 10 | 517 | 9 | ||||||
| 08-31-2023 | 9.39 | 0.217 | 0.22 | 0.43 | (0.17) | (1.13) | (1.30) | 8.52 | 5.65 | 0.67 | 0.26 | 2.507 | 697 | 20 | ||||||
| 08-31-2022 | 12.13 | 0.227 | (1.81) | (1.59) | (0.22) | (0.93) | (1.15) | 9.39 | (14.56) | 0.63 | 0.26 | 2.087 | 670 | 45 | ||||||
| 08-31-2021 | 10.76 | 0.197 | 1.86 | 2.05 | (0.17) | (0.51) | (0.68) | 12.13 | 19.76 | 0.59 | 0.25 | 1.657 | 698 | 30 | ||||||
| 08-31-2020 | 10.41 | 0.207 | 1.14 | 1.34 | (0.23) | (0.76) | (0.99) | 10.76 | 13.45 | 0.60 | 0.26 | 1.957 | 488 | 35 | ||||||
| 08-31-2019 | 11.44 | 0.237 | (0.15) | 0.08 | (0.25) | (0.86) | (1.11) | 10.41 | 1.91 | 0.55 | 0.26 | 2.227 | 736 | 39 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 8.50 | 0.177 | 0.39 | 0.56 | (0.33) | —8 | (0.33) | 8.73 | 6.579 | 0.3710 | 0.0510 | 3.127, 10 | 7,598 | 9 | ||||||
| 08-31-2023 | 9.38 | 0.227 | 0.22 | 0.44 | (0.19) | (1.13) | (1.32) | 8.50 | 5.78 | 0.37 | 0.06 | 2.537 | 9,373 | 20 | ||||||
| 08-31-2022 | 12.12 | 0.247 | (1.81) | (1.57) | (0.24) | (0.93) | (1.17) | 9.38 | (14.40) | 0.33 | 0.06 | 2.287 | 7,409 | 45 | ||||||
| 08-31-2021 | 10.75 | 0.237 | 1.84 | 2.07 | (0.19) | (0.51) | (0.70) | 12.12 | 19.98 | 0.30 | 0.06 | 1.987 | 4,855 | 30 | ||||||
| 08-31-2020 | 10.40 | 0.237 | 1.13 | 1.36 | (0.25) | (0.76) | (1.01) | 10.75 | 13.71 | 0.30 | 0.06 | 2.257 | 1,251 | 35 | ||||||
| 08-31-2019 | 11.43 | 0.257 | (0.15) | 0.10 | (0.27) | (0.86) | (1.13) | 10.40 | 2.14 | 0.25 | 0.07 | 2.377 | 1,342 | 39 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 8.50 | 0.177 | 0.38 | 0.55 | (0.33) | —8 | (0.33) | 8.72 | 6.639 | 0.3210 | 0.0110 | 3.127, 10 | 61,595 | 9 | ||||||
| 08-31-2023 | 9.37 | 0.237 | 0.22 | 0.45 | (0.19) | (1.13) | (1.32) | 8.50 | 5.84 | 0.32 | 0.01 | 2.717 | 69,535 | 20 | ||||||
| 08-31-2022 | 12.11 | 0.267 | (1.82) | (1.56) | (0.25) | (0.93) | (1.18) | 9.37 | (14.36) | 0.28 | 0.01 | 2.417 | 63,101 | 45 | ||||||
| 08-31-2021 | 10.74 | 0.217 | 1.87 | 2.08 | (0.20) | (0.51) | (0.71) | 12.11 | 20.06 | 0.25 | 0.01 | 1.897 | 70,692 | 30 | ||||||
| 08-31-2020 | 10.40 | 0.217 | 1.15 | 1.36 | (0.26) | (0.76) | (1.02) | 10.74 | 13.67 | 0.25 | — | 2.127 | 48,742 | 35 | ||||||
| 08-31-2019 | 11.42 | 0.257 | (0.13) | 0.12 | (0.28) | (0.86) | (1.14) | 10.40 | 2.31 | 0.20 | — | 2.447 | 38,659 | 39 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 53 |
Financial highlights continued
Multimanager 2025 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 8.51 | 0.177 | 0.39 | 0.56 | (0.33) | —8 | (0.33) | 8.74 | 6.579 | 0.3610 | 0.0510 | 3.177, 10 | 618,759 | 9 | ||||||
| 08-31-2023 | 9.38 | 0.237 | 0.22 | 0.45 | (0.19) | (1.13) | (1.32) | 8.51 | 5.91 | 0.36 | 0.05 | 2.717 | 636,988 | 20 | ||||||
| 08-31-2022 | 12.12 | 0.257 | (1.82) | (1.57) | (0.24) | (0.93) | (1.17) | 9.38 | (14.40) | 0.32 | 0.05 | 2.347 | 731,490 | 45 | ||||||
| 08-31-2021 | 10.75 | 0.217 | 1.86 | 2.07 | (0.19) | (0.51) | (0.70) | 12.12 | 19.99 | 0.29 | 0.05 | 1.877 | 989,063 | 30 | ||||||
| 08-31-2020 | 10.40 | 0.227 | 1.14 | 1.36 | (0.25) | (0.76) | (1.01) | 10.75 | 13.71 | 0.28 | 0.05 | 2.197 | 935,821 | 35 | ||||||
| 08-31-2019 | 11.43 | 0.257 | (0.15) | 0.10 | (0.27) | (0.86) | (1.13) | 10.40 | 2.15 | 0.24 | 0.05 | 2.427 | 983,455 | 39 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, less than $0.005, $0.01, $0.01, and $0.02 per share and 0.03%, 0.02%, 0.04%, 0.08%, 0.09%, and 0.15%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Less than $0.005 per share. |
| 9 Not annualized. |
| 10 Annualized. |
| 54 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2020 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 7.80 | 0.157 | 0.29 | 0.44 | (0.26) | —8 | (0.26) | 7.98 | 5.649 | 0.7710 | 0.4210 | 3.097, 10 | 155,931 | 9 | ||||||
| 08-31-2023 | 8.51 | 0.217 | 0.13 | 0.34 | (0.22) | (0.83) | (1.05) | 7.80 | 4.76 | 0.75 | 0.42 | 2.677 | 161,772 | 19 | ||||||
| 08-31-2022 | 10.90 | 0.227 | (1.49) | (1.27) | (0.22) | (0.90) | (1.12) | 8.51 | (13.07) | 0.72 | 0.42 | 2.327 | 176,088 | 38 | ||||||
| 08-31-2021 | 10.06 | 0.197 | 1.39 | 1.58 | (0.18) | (0.56) | (0.74) | 10.90 | 16.29 | 0.69 | 0.42 | 1.797 | 234,516 | 29 | ||||||
| 08-31-2020 | 9.89 | 0.187 | 0.89 | 1.07 | (0.23) | (0.67) | (0.90) | 10.06 | 11.32 | 0.69 | 0.43 | 1.937 | 193,591 | 37 | ||||||
| 08-31-2019 | 10.66 | 0.227 | (0.03) | 0.19 | (0.24) | (0.72) | (0.96) | 9.89 | 2.89 | 0.62 | 0.41 | 2.277 | 171,370 | 40 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 7.81 | 0.157 | 0.31 | 0.46 | (0.28) | —8 | (0.28) | 7.99 | 5.939 | 0.4710 | 0.1210 | 3.137, 10 | 589 | 9 | ||||||
| 08-31-2023 | 8.53 | 0.227 | 0.13 | 0.35 | (0.24) | (0.83) | (1.07) | 7.81 | 4.97 | 0.46 | 0.12 | 2.777 | 921 | 19 | ||||||
| 08-31-2022 | 10.92 | 0.297 | (1.53) | (1.24) | (0.25) | (0.90) | (1.15) | 8.53 | (12.78) | 0.42 | 0.12 | 2.987 | 344 | 38 | ||||||
| 08-31-2021 | 10.08 | 0.217 | 1.39 | 1.60 | (0.20) | (0.56) | (0.76) | 10.92 | 16.57 | 0.39 | 0.12 | 2.047 | 446 | 29 | ||||||
| 08-31-2020 | 9.90 | 0.207 | 0.91 | 1.11 | (0.26) | (0.67) | (0.93) | 10.08 | 11.75 | 0.39 | 0.12 | 2.127 | 477 | 37 | ||||||
| 08-31-2019 | 10.67 | 0.267 | (0.04) | 0.22 | (0.27) | (0.72) | (0.99) | 9.90 | 3.23 | 0.33 | 0.13 | 2.637 | 230 | 40 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 7.74 | 0.157 | 0.29 | 0.44 | (0.25) | —8 | (0.25) | 7.93 | 5.729 | 0.8310 | 0.4810 | 3.037, 10 | 4,374 | 9 | ||||||
| 08-31-2023 | 8.46 | 0.207 | 0.12 | 0.32 | (0.21) | (0.83) | (1.04) | 7.74 | 4.54 | 0.85 | 0.51 | 2.607 | 4,220 | 19 | ||||||
| 08-31-2022 | 10.84 | 0.217 | (1.48) | (1.27) | (0.21) | (0.90) | (1.11) | 8.46 | (13.13) | 0.81 | 0.50 | 2.227 | 5,397 | 38 | ||||||
| 08-31-2021 | 10.01 | 0.197 | 1.37 | 1.56 | (0.17) | (0.56) | (0.73) | 10.84 | 16.20 | 0.73 | 0.45 | 1.867 | 6,093 | 29 | ||||||
| 08-31-2020 | 9.84 | 0.187 | 0.89 | 1.07 | (0.23) | (0.67) | (0.90) | 10.01 | 11.30 | 0.77 | 0.51 | 1.887 | 1,014 | 37 | ||||||
| 08-31-2019 | 10.61 | 0.227 | (0.04) | 0.18 | (0.23) | (0.72) | (0.95) | 9.84 | 2.77 | 0.71 | 0.51 | 2.237 | 1,098 | 40 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 7.75 | 0.167 | 0.28 | 0.44 | (0.27) | —8 | (0.27) | 7.92 | 5.709 | 0.6910 | 0.2510 | 3.347, 10 | 428 | 9 | ||||||
| 08-31-2023 | 8.46 | 0.227 | 0.13 | 0.35 | (0.23) | (0.83) | (1.06) | 7.75 | 4.97 | 0.70 | 0.26 | 2.817 | 342 | 19 | ||||||
| 08-31-2022 | 10.85 | 0.287 | (1.53) | (1.25) | (0.24) | (0.90) | (1.14) | 8.46 | (12.99) | 0.66 | 0.26 | 2.807 | 263 | 38 | ||||||
| 08-31-2021 | 10.01 | 0.217 | 1.38 | 1.59 | (0.19) | (0.56) | (0.75) | 10.85 | 16.55 | 0.63 | 0.25 | 2.047 | 599 | 29 | ||||||
| 08-31-2020 | 9.85 | 0.217 | 0.87 | 1.08 | (0.25) | (0.67) | (0.92) | 10.01 | 11.45 | 0.63 | 0.27 | 2.237 | 144 | 37 | ||||||
| 08-31-2019 | 10.62 | 0.237 | (0.02) | 0.21 | (0.26) | (0.72) | (0.98) | 9.85 | 3.07 | 0.56 | 0.26 | 2.397 | 239 | 40 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 7.79 | 0.177 | 0.29 | 0.46 | (0.29) | —8 | (0.29) | 7.96 | 5.879 | 0.4010 | 0.0610 | 3.517, 10 | 7,398 | 9 | ||||||
| 08-31-2023 | 8.51 | 0.247 | 0.12 | 0.36 | (0.25) | (0.83) | (1.08) | 7.79 | 5.06 | 0.39 | 0.05 | 3.027 | 7,670 | 19 | ||||||
| 08-31-2022 | 10.90 | 0.267 | (1.49) | (1.23) | (0.26) | (0.90) | (1.16) | 8.51 | (12.75) | 0.36 | 0.06 | 2.717 | 7,380 | 38 | ||||||
| 08-31-2021 | 10.06 | 0.237 | 1.38 | 1.61 | (0.21) | (0.56) | (0.77) | 10.90 | 16.68 | 0.33 | 0.06 | 2.237 | 8,917 | 29 | ||||||
| 08-31-2020 | 9.89 | 0.237 | 0.88 | 1.11 | (0.27) | (0.67) | (0.94) | 10.06 | 11.74 | 0.33 | 0.06 | 2.377 | 3,949 | 37 | ||||||
| 08-31-2019 | 10.66 | 0.277 | (0.04) | 0.23 | (0.28) | (0.72) | (1.00) | 9.89 | 3.29 | 0.27 | 0.06 | 2.717 | 3,778 | 40 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 7.77 | 0.167 | 0.30 | 0.46 | (0.29) | —8 | (0.29) | 7.94 | 5.949 | 0.3510 | 0.0110 | 3.437, 10 | 25,580 | 9 | ||||||
| 08-31-2023 | 8.49 | 0.247 | 0.12 | 0.36 | (0.25) | (0.83) | (1.08) | 7.77 | 5.13 | 0.35 | 0.01 | 3.097 | 31,413 | 19 | ||||||
| 08-31-2022 | 10.88 | 0.267 | (1.49) | (1.23) | (0.26) | (0.90) | (1.16) | 8.49 | (12.73) | 0.31 | 0.01 | 2.737 | 29,900 | 38 | ||||||
| 08-31-2021 | 10.04 | 0.237 | 1.38 | 1.61 | (0.21) | (0.56) | (0.77) | 10.88 | 16.77 | 0.29 | 0.01 | 2.247 | 33,944 | 29 | ||||||
| 08-31-2020 | 9.87 | 0.237 | 0.89 | 1.12 | (0.28) | (0.67) | (0.95) | 10.04 | 11.82 | 0.28 | — | 2.397 | 28,864 | 37 | ||||||
| 08-31-2019 | 10.65 | 0.267 | (0.03) | 0.23 | (0.29) | (0.72) | (1.01) | 9.87 | 3.28 | 0.21 | — | 2.677 | 28,384 | 40 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 55 |
Financial highlights continued
Multimanager 2020 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 7.79 | 0.167 | 0.30 | 0.46 | (0.29) | —8 | (0.29) | 7.96 | 5.899 | 0.3910 | 0.0510 | 3.447, 10 | 260,603 | 9 | ||||||
| 08-31-2023 | 8.50 | 0.247 | 0.13 | 0.37 | (0.25) | (0.83) | (1.08) | 7.79 | 5.20 | 0.39 | 0.05 | 3.067 | 283,344 | 19 | ||||||
| 08-31-2022 | 10.90 | 0.267 | (1.50) | (1.24) | (0.26) | (0.90) | (1.16) | 8.50 | (12.84) | 0.35 | 0.05 | 2.697 | 330,749 | 38 | ||||||
| 08-31-2021 | 10.06 | 0.237 | 1.38 | 1.61 | (0.21) | (0.56) | (0.77) | 10.90 | 16.69 | 0.33 | 0.05 | 2.197 | 471,564 | 29 | ||||||
| 08-31-2020 | 9.89 | 0.237 | 0.88 | 1.11 | (0.27) | (0.67) | (0.94) | 10.06 | 11.75 | 0.31 | 0.05 | 2.377 | 508,214 | 37 | ||||||
| 08-31-2019 | 10.66 | 0.277 | (0.04) | 0.23 | (0.28) | (0.72) | (1.00) | 9.89 | 3.32 | 0.25 | 0.05 | 2.697 | 590,329 | 40 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, less than $0.005, $0.01, $0.01, and $0.02 per share and 0.03%, 0.02%, 0.04%, 0.07%, 0.09%, and 0.15%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Less than $0.005 per share. |
| 9 Not annualized. |
| 10 Annualized. |
| 56 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2015 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 7.24 | 0.147 | 0.23 | 0.37 | (0.25) | —8 | (0.25) | 7.36 | 5.159 | 0.8410 | 0.4210 | 3.307, 10 | 77,252 | 9 | ||||||
| 08-31-2023 | 7.84 | 0.217 | 0.09 | 0.30 | (0.22) | (0.68) | (0.90) | 7.24 | 4.55 | 0.83 | 0.42 | 2.937 | 77,802 | 17 | ||||||
| 08-31-2022 | 9.73 | 0.227 | (1.27) | (1.05) | (0.22) | (0.62) | (0.84) | 7.84 | (11.87) | 0.78 | 0.42 | 2.567 | 85,355 | 36 | ||||||
| 08-31-2021 | 9.15 | 0.197 | 1.08 | 1.27 | (0.18) | (0.51) | (0.69) | 9.73 | 14.43 | 0.75 | 0.42 | 2.007 | 109,061 | 27 | ||||||
| 08-31-2020 | 9.12 | 0.187 | 0.66 | 0.84 | (0.23) | (0.58) | (0.81) | 9.15 | 9.64 | 0.76 | 0.43 | 2.067 | 97,644 | 41 | ||||||
| 08-31-2019 | 9.75 | 0.237 | 0.04 | 0.27 | (0.26) | (0.64) | (0.90) | 9.12 | 3.85 | 0.66 | 0.41 | 2.537 | 91,688 | 41 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 7.24 | 0.147 | 0.24 | 0.38 | (0.27) | —8 | (0.27) | 7.35 | 5.319 | 0.5410 | 0.1210 | 3.107, 10 | 181 | 9 | ||||||
| 08-31-2023 | 7.84 | 0.237 | 0.10 | 0.33 | (0.25) | (0.68) | (0.93) | 7.24 | 4.92 | 0.53 | 0.11 | 3.137 | 703 | 17 | ||||||
| 08-31-2022 | 9.74 | 0.247 | (1.29) | (1.05) | (0.24) | (0.61) | (0.85) | 7.84 | (11.69) | 0.48 | 0.12 | 2.817 | 1,399 | 36 | ||||||
| 08-31-2021 | 9.16 | 0.227 | 1.07 | 1.29 | (0.20) | (0.51) | (0.71) | 9.74 | 14.73 | 0.45 | 0.12 | 2.317 | 863 | 27 | ||||||
| 08-31-2020 | 9.13 | 0.217 | 0.66 | 0.87 | (0.26) | (0.58) | (0.84) | 9.16 | 9.97 | 0.46 | 0.13 | 2.387 | 823 | 41 | ||||||
| 08-31-2019 | 9.76 | 0.257 | 0.05 | 0.30 | (0.29) | (0.64) | (0.93) | 9.13 | 4.21 | 0.37 | 0.13 | 2.827 | 670 | 41 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 7.18 | 0.147 | 0.24 | 0.38 | (0.25) | —8 | (0.25) | 7.31 | 5.249 | 0.9310 | 0.5110 | 3.227, 10 | 430 | 9 | ||||||
| 08-31-2023 | 7.78 | 0.217 | 0.08 | 0.29 | (0.21) | (0.68) | (0.89) | 7.18 | 4.47 | 0.92 | 0.51 | 2.887 | 493 | 17 | ||||||
| 08-31-2022 | 9.67 | 0.207 | (1.26) | (1.06) | (0.21) | (0.62) | (0.83) | 7.78 | (12.03) | 0.87 | 0.51 | 2.197 | 621 | 36 | ||||||
| 08-31-2021 | 9.09 | 0.197 | 1.07 | 1.26 | (0.17) | (0.51) | (0.68) | 9.67 | 14.45 | 0.80 | 0.46 | 2.007 | 2,331 | 27 | ||||||
| 08-31-2020 | 9.07 | 0.127 | 0.71 | 0.83 | (0.23) | (0.58) | (0.81) | 9.09 | 9.52 | 0.84 | 0.51 | 1.397 | 164 | 41 | ||||||
| 08-31-2019 | 9.69 | 0.237 | 0.04 | 0.27 | (0.25) | (0.64) | (0.89) | 9.07 | 3.87 | 0.73 | 0.49 | 2.537 | 33 | 41 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 7.25 | 0.167 | 0.23 | 0.39 | (0.27) | —8 | (0.27) | 7.37 | 5.439 | 0.6810 | 0.1510 | 3.617, 10 | 18 | 9 | ||||||
| 08-31-2023 | 7.85 | 0.247 | 0.08 | 0.32 | (0.24) | (0.68) | (0.92) | 7.25 | 4.79 | 0.67 | 0.16 | 3.237 | 18 | 17 | ||||||
| 08-31-2022 | 9.75 | 0.257 | (1.28) | (1.03) | (0.25) | (0.62) | (0.87) | 7.85 | (11.65) | 0.63 | 0.16 | 2.857 | 8 | 36 | ||||||
| 08-31-2021 | 9.12 | 0.217 | 1.12 | 1.33 | (0.19) | (0.51) | (0.70) | 9.75 | 15.27 | 0.67 | 0.23 | 2.217 | 10 | 27 | ||||||
| 08-31-2020 | 9.09 | 0.197 | 0.67 | 0.86 | (0.25) | (0.58) | (0.83) | 9.12 | 9.85 | 0.70 | 0.27 | 2.227 | 12 | 41 | ||||||
| 08-31-2019 | 9.72 | 0.257 | 0.04 | 0.29 | (0.28) | (0.64) | (0.92) | 9.09 | 4.06 | 0.61 | 0.26 | 2.747 | 11 | 41 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 7.23 | 0.157 | 0.24 | 0.39 | (0.28) | —8 | (0.28) | 7.34 | 5.379 | 0.4810 | 0.0610 | 3.567, 10 | 481 | 9 | ||||||
| 08-31-2023 | 7.83 | 0.247 | 0.09 | 0.33 | (0.25) | (0.68) | (0.93) | 7.23 | 4.98 | 0.47 | 0.06 | 3.277 | 487 | 17 | ||||||
| 08-31-2022 | 9.73 | 0.247 | (1.27) | (1.03) | (0.25) | (0.62) | (0.87) | 7.83 | (11.66) | 0.42 | 0.06 | 2.827 | 516 | 36 | ||||||
| 08-31-2021 | 9.15 | 0.227 | 1.08 | 1.30 | (0.21) | (0.51) | (0.72) | 9.73 | 14.80 | 0.40 | 0.06 | 2.297 | 262 | 27 | ||||||
| 08-31-2020 | 9.12 | 0.227 | 0.66 | 0.88 | (0.27) | (0.58) | (0.85) | 9.15 | 10.06 | 0.39 | 0.06 | 2.527 | 322 | 41 | ||||||
| 08-31-2019 | 9.75 | 0.287 | 0.03 | 0.31 | (0.30) | (0.64) | (0.94) | 9.12 | 4.27 | 0.31 | 0.07 | 2.977 | 323 | 41 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 7.24 | 0.167 | 0.23 | 0.39 | (0.28) | —8 | (0.28) | 7.35 | 5.429 | 0.4310 | 0.0110 | 3.707, 10 | 10,224 | 9 | ||||||
| 08-31-2023 | 7.85 | 0.247 | 0.08 | 0.32 | (0.25) | (0.68) | (0.93) | 7.24 | 4.89 | 0.42 | 0.01 | 3.357 | 10,008 | 17 | ||||||
| 08-31-2022 | 9.74 | 0.267 | (1.28) | (1.02) | (0.25) | (0.62) | (0.87) | 7.85 | (11.49) | 0.37 | 0.01 | 2.987 | 9,685 | 36 | ||||||
| 08-31-2021 | 9.16 | 0.237 | 1.07 | 1.30 | (0.21) | (0.51) | (0.72) | 9.74 | 14.86 | 0.35 | 0.01 | 2.437 | 12,107 | 27 | ||||||
| 08-31-2020 | 9.12 | 0.227 | 0.67 | 0.89 | (0.27) | (0.58) | (0.85) | 9.16 | 10.24 | 0.34 | — | 2.527 | 11,162 | 41 | ||||||
| 08-31-2019 | 9.76 | 0.267 | 0.04 | 0.30 | (0.30) | (0.64) | (0.94) | 9.12 | 4.23 | 0.26 | — | 2.937 | 11,764 | 41 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 57 |
Financial highlights continued
Multimanager 2015 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 7.24 | 0.167 | 0.23 | 0.39 | (0.28) | —8 | (0.28) | 7.35 | 5.389 | 0.4710 | 0.0510 | 3.657, 10 | 83,864 | 9 | ||||||
| 08-31-2023 | 7.84 | 0.247 | 0.09 | 0.33 | (0.25) | (0.68) | (0.93) | 7.24 | 4.98 | 0.47 | 0.05 | 3.307 | 85,981 | 17 | ||||||
| 08-31-2022 | 9.73 | 0.267 | (1.29) | (1.03) | (0.25) | (0.61) | (0.86) | 7.84 | (11.53) | 0.42 | 0.05 | 2.947 | 99,848 | 36 | ||||||
| 08-31-2021 | 9.16 | 0.227 | 1.07 | 1.29 | (0.21) | (0.51) | (0.72) | 9.73 | 14.69 | 0.39 | 0.05 | 2.397 | 138,822 | 27 | ||||||
| 08-31-2020 | 9.12 | 0.227 | 0.67 | 0.89 | (0.27) | (0.58) | (0.85) | 9.16 | 10.19 | 0.38 | 0.05 | 2.487 | 156,575 | 41 | ||||||
| 08-31-2019 | 9.75 | 0.277 | 0.04 | 0.31 | (0.30) | (0.64) | (0.94) | 9.12 | 4.28 | 0.30 | 0.05 | 2.987 | 192,409 | 41 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, less than $0.005, $0.01, $0.01, and $0.02 per share and 0.03%, 0.02%, 0.04%, 0.07%, 0.09%, and 0.16%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Less than $0.005 per share. |
| 9 Not annualized. |
| 10 Annualized. |
| 58 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Multimanager 2010 Lifetime
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class A | ||||||||||||||||||||
| 02-29-20246 | 7.36 | 0.157 | 0.19 | 0.34 | (0.28) | —8 | (0.28) | 7.42 | 4.589 | 0.8910 | 0.4210 | 3.507, 10 | 38,785 | 11 | ||||||
| 08-31-2023 | 7.78 | 0.237 | 0.07 | 0.30 | (0.24) | (0.48) | (0.72) | 7.36 | 4.37 | 0.88 | 0.42 | 3.187 | 39,826 | 25 | ||||||
| 08-31-2022 | 9.41 | 0.247 | (1.16) | (0.92) | (0.22) | (0.49) | (0.71) | 7.78 | (10.62) | 0.83 | 0.42 | 2.797 | 42,560 | 39 | ||||||
| 08-31-2021 | 8.93 | 0.207 | 0.89 | 1.09 | (0.19) | (0.42) | (0.61) | 9.41 | 12.62 | 0.80 | 0.42 | 2.167 | 52,276 | 34 | ||||||
| 08-31-2020 | 8.86 | 0.197 | 0.54 | 0.73 | (0.23) | (0.43) | (0.66) | 8.93 | 8.50 | 0.81 | 0.43 | 2.187 | 45,532 | 46 | ||||||
| 08-31-2019 | 9.25 | 0.237 | 0.11 | 0.34 | (0.26) | (0.47) | (0.73) | 8.86 | 4.50 | 0.70 | 0.41 | 2.687 | 45,444 | 48 | ||||||
| Class I | ||||||||||||||||||||
| 02-29-20246 | 7.35 | 0.157 | 0.22 | 0.37 | (0.30) | —8 | (0.30) | 7.42 | 5.039 | 0.6010 | 0.1210 | 3.587, 10 | 37 | 11 | ||||||
| 08-31-2023 | 7.79 | 0.267 | 0.04 | 0.30 | (0.26) | (0.48) | (0.74) | 7.35 | 4.45 | 0.57 | 0.11 | 3.497 | 279 | 25 | ||||||
| 08-31-2022 | 9.41 | 0.267 | (1.14) | (0.88) | (0.25) | (0.49) | (0.74) | 7.79 | (10.24) | 0.53 | 0.12 | 3.067 | 515 | 39 | ||||||
| 08-31-2021 | 8.93 | 0.227 | 0.89 | 1.11 | (0.21) | (0.42) | (0.63) | 9.41 | 12.93 | 0.50 | 0.12 | 2.467 | 452 | 34 | ||||||
| 08-31-2020 | 8.87 | 0.207 | 0.54 | 0.74 | (0.25) | (0.43) | (0.68) | 8.93 | 8.70 | 0.51 | 0.13 | 2.347 | 503 | 46 | ||||||
| 08-31-2019 | 9.25 | 0.277 | 0.11 | 0.38 | (0.29) | (0.47) | (0.76) | 8.87 | 4.98 | 0.42 | 0.13 | 3.037 | 133 | 48 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-29-20246 | 7.34 | 0.157 | 0.20 | 0.35 | (0.27) | —8 | (0.27) | 7.42 | 4.789 | 0.9310 | 0.4510 | 3.477, 10 | 140 | 11 | ||||||
| 08-31-2023 | 7.77 | 0.237 | 0.05 | 0.28 | (0.23) | (0.48) | (0.71) | 7.34 | 4.13 | 0.96 | 0.50 | 3.157 | 132 | 25 | ||||||
| 08-31-2022 | 9.39 | 0.237 | (1.15) | (0.92) | (0.21) | (0.49) | (0.70) | 7.77 | (10.59) | 0.91 | 0.50 | 2.717 | 553 | 39 | ||||||
| 08-31-2021 | 8.91 | 0.197 | 0.89 | 1.08 | (0.18) | (0.42) | (0.60) | 9.39 | 12.60 | 0.84 | 0.45 | 2.137 | 568 | 34 | ||||||
| 08-31-2020 | 8.85 | 0.187 | 0.53 | 0.71 | (0.22) | (0.43) | (0.65) | 8.91 | 8.31 | 0.90 | 0.51 | 2.107 | 359 | 46 | ||||||
| 08-31-2019 | 9.23 | 0.227 | 0.12 | 0.34 | (0.25) | (0.47) | (0.72) | 8.85 | 4.51 | 0.80 | 0.51 | 2.577 | 491 | 48 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20246 | 7.35 | 0.167 | 0.19 | 0.35 | (0.29) | —8 | (0.29) | 7.41 | 4.759 | 0.8210 | 0.2510 | 3.707, 10 | 65 | 11 | ||||||
| 08-31-2023 | 7.78 | 0.247 | 0.06 | 0.30 | (0.25) | (0.48) | (0.73) | 7.35 | 4.42 | 0.82 | 0.26 | 3.327 | 60 | 25 | ||||||
| 08-31-2022 | 9.41 | 0.257 | (1.16) | (0.91) | (0.23) | (0.49) | (0.72) | 7.78 | (10.48) | 0.77 | 0.26 | 2.947 | 54 | 39 | ||||||
| 08-31-2021 | 8.92 | 0.217 | 0.90 | 1.11 | (0.20) | (0.42) | (0.62) | 9.41 | 12.92 | 0.74 | 0.26 | 2.327 | 66 | 34 | ||||||
| 08-31-2020 | 8.86 | 0.207 | 0.53 | 0.73 | (0.24) | (0.43) | (0.67) | 8.92 | 8.57 | 0.75 | 0.26 | 2.337 | 52 | 46 | ||||||
| 08-31-2019 | 9.24 | 0.247 | 0.12 | 0.36 | (0.27) | (0.47) | (0.74) | 8.86 | 4.79 | 0.65 | 0.26 | 2.787 | 89 | 48 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-29-20246 | 7.35 | 0.167 | 0.20 | 0.36 | (0.30) | —8 | (0.30) | 7.41 | 4.949 | 0.5310 | 0.0610 | 3.847, 10 | 791 | 11 | ||||||
| 08-31-2023 | 7.78 | 0.267 | 0.06 | 0.32 | (0.27) | (0.48) | (0.75) | 7.35 | 4.64 | 0.52 | 0.06 | 3.547 | 1,458 | 25 | ||||||
| 08-31-2022 | 9.42 | 0.257 | (1.15) | (0.90) | (0.25) | (0.49) | (0.74) | 7.78 | (10.30) | 0.47 | 0.06 | 3.077 | 1,693 | 39 | ||||||
| 08-31-2021 | 8.93 | 0.247 | 0.89 | 1.13 | (0.22) | (0.42) | (0.64) | 9.42 | 12.99 | 0.44 | 0.05 | 2.587 | 701 | 34 | ||||||
| 08-31-2020 | 8.87 | 0.247 | 0.51 | 0.75 | (0.26) | (0.43) | (0.69) | 8.93 | 8.78 | 0.45 | 0.06 | 2.767 | 25 | 46 | ||||||
| 08-31-2019 | 9.25 | 0.287 | 0.10 | 0.38 | (0.29) | (0.47) | (0.76) | 8.87 | 5.03 | 0.35 | 0.06 | 3.217 | 34 | 48 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20246 | 7.37 | 0.177 | 0.19 | 0.36 | (0.31) | —8 | (0.31) | 7.42 | 4.849 | 0.4810 | 0.0110 | 3.927, 10 | 10,261 | 11 | ||||||
| 08-31-2023 | 7.80 | 0.267 | 0.06 | 0.32 | (0.27) | (0.48) | (0.75) | 7.37 | 4.69 | 0.47 | 0.01 | 3.577 | 10,420 | 25 | ||||||
| 08-31-2022 | 9.43 | 0.287 | (1.16) | (0.88) | (0.26) | (0.49) | (0.75) | 7.80 | (10.22) | 0.42 | 0.01 | 3.217 | 10,168 | 39 | ||||||
| 08-31-2021 | 8.94 | 0.237 | 0.90 | 1.13 | (0.22) | (0.42) | (0.64) | 9.43 | 13.17 | 0.40 | 0.01 | 2.577 | 10,913 | 34 | ||||||
| 08-31-2020 | 8.88 | 0.227 | 0.53 | 0.75 | (0.26) | (0.43) | (0.69) | 8.94 | 8.83 | 0.40 | — | 2.597 | 8,496 | 46 | ||||||
| 08-31-2019 | 9.26 | 0.267 | 0.13 | 0.39 | (0.30) | (0.47) | (0.77) | 8.88 | 5.09 | 0.30 | — | 2.977 | 8,356 | 48 | ||||||
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 59 |
Financial highlights continued
Multimanager 2010 Lifetime
Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3, 4 | Expenses before reductions (%)5 | Expenses including reductions (%)5 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20246 | 7.36 | 0.167 | 0.20 | 0.36 | (0.30) | —8 | (0.30) | 7.42 | 4.959 | 0.5210 | 0.0510 | 3.877, 10 | 74,752 | 11 | ||||||
| 08-31-2023 | 7.79 | 0.267 | 0.06 | 0.32 | (0.27) | (0.48) | (0.75) | 7.36 | 4.64 | 0.51 | 0.05 | 3.557 | 78,429 | 25 | ||||||
| 08-31-2022 | 9.42 | 0.277 | (1.16) | (0.89) | (0.25) | (0.49) | (0.74) | 7.79 | (10.27) | 0.46 | 0.05 | 3.177 | 87,991 | 39 | ||||||
| 08-31-2021 | 8.94 | 0.237 | 0.89 | 1.12 | (0.22) | (0.42) | (0.64) | 9.42 | 13.00 | 0.44 | 0.05 | 2.557 | 113,965 | 34 | ||||||
| 08-31-2020 | 8.87 | 0.227 | 0.54 | 0.76 | (0.26) | (0.43) | (0.69) | 8.94 | 8.90 | 0.44 | 0.05 | 2.567 | 118,858 | 46 | ||||||
| 08-31-2019 | 9.26 | 0.277 | 0.10 | 0.37 | (0.29) | (0.47) | (0.76) | 8.87 | 4.92 | 0.34 | 0.05 | 3.077 | 134,078 | 48 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-29-24. Unaudited. |
| 7 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005, less than $0.005, less than $0.005, $0.01, $0.01, and $0.02 per share and 0.03%, 0.03%, 0.05%, 0.08%, 0.09%, and 0.17%, for the periods ended 2-29-24, 8-31-23, 8-31-22, 8-31-21, 8-31-20 and 8-31-19, respectively. |
| 8 Less than $0.005 per share. |
| 9 Not annualized. |
| 10 Annualized. |
| 60 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Notes to financial statements (unaudited)
Note 1—Organization
John Hancock Funds II (the Trust) is
an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple
investment series, twelve of which are presented in this report (collectively, Multimanager Lifetime Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as “funds of
funds” that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.
The portfolios may offer multiple
classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A shares are offered to all investors. Class I shares are offered to institutions and
certain investors. Class R2, Class R4 and Class R5 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class
1 shares are offered only to certain affiliates of Manulife Financial Corporation.Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any,
and transfer agent fees for each class may differ.
The investment objective of each
portfolio is to seek high total return through the portfolio’s target retirement date, with a greater focus on income beyond the target date. Total return, commonly understood as the combination of income and
capital appreciation, includes interest, capital gains, dividends, and distributions realized over a given period of time.
The accounting policies of the
underlying funds in which the portfolios invest are outlined in the underlying funds’ shareholder reports, which include the underlying funds’ financial statements. These are available on the Securities
and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds’ shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds
are not covered by this report.
Note 2—Significant accounting policies
The financial statements have been
prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial
statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US
GAAP.
Events or transactions occurring
after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting
policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other
disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the
NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
In order to value the securities,
the portfolios use the following valuation techniques: Investments in affiliated underlying funds and other open-end mutual funds, including John Hancock Collateral Trust, are valued at their respective NAVs each
business day. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In
the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are typically valued based on evaluated prices provided
by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes 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, as well as broker supplied prices.
In certain instances, the Pricing
Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for
trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and
assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the
Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready
market for such securities existed.
The portfolios use a three tier
hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical
securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates,
prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes
securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in
determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the
risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the
values by input classification of the portfolios’ investments as of February 29, 2024, by major security category or type:
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Multimanager 2065 Lifetime Portfolio | ||||
| Investments in securities: |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 61 |
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Multimanager 2065 Lifetime Portfolio (continued) | ||||
| Assets | ||||
| Affiliated investment companies | $71,218,810 | $71,218,810 | — | — |
| Unaffiliated investment companies | 5,079,502 | 5,079,502 | — | — |
| Common stocks | 683 | — | — | $683 |
| U.S. Government and Agency obligations | 1,505,101 | — | $1,505,101 | — |
| Short-term investments | 156,056 | 156,056 | — | — |
| Total investments in securities | $77,960,152 | $76,454,368 | $1,505,101 | $683 |
| Multimanager 2060 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $257,201,731 | $257,201,731 | — | — |
| Unaffiliated investment companies | 18,470,307 | 18,470,307 | — | — |
| Common stocks | 7,570 | — | — | $7,570 |
| U.S. Government and Agency obligations | 5,708,898 | — | $5,708,898 | — |
| Short-term investments | 548,884 | 548,884 | — | — |
| Total investments in securities | $281,937,390 | $276,220,922 | $5,708,898 | $7,570 |
| Multimanager 2055 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $369,804,247 | $369,804,247 | — | — |
| Unaffiliated investment companies | 26,452,547 | 26,452,547 | — | — |
| Common stocks | 14,848 | — | — | $14,848 |
| U.S. Government and Agency obligations | 8,306,456 | — | $8,306,456 | — |
| Short-term investments | 713,320 | 713,320 | — | — |
| Total investments in securities | $405,291,418 | $396,970,114 | $8,306,456 | $14,848 |
| Multimanager 2050 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $552,773,961 | $552,773,961 | — | — |
| Unaffiliated investment companies | 39,568,144 | 39,568,144 | — | — |
| Common stocks | 26,695 | — | — | $26,695 |
| U.S. Government and Agency obligations | 12,601,648 | — | $12,601,648 | — |
| Short-term investments | 866,286 | 866,286 | — | — |
| Total investments in securities | $605,836,734 | $593,208,391 | $12,601,648 | $26,695 |
| Multimanager 2045 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $835,467,007 | $835,467,007 | — | — |
| Unaffiliated investment companies | 56,474,736 | 56,474,736 | — | — |
| Common stocks | 45,894 | — | — | $45,894 |
| U.S. Government and Agency obligations | 23,753,208 | — | $23,753,208 | — |
| Short-term investments | 2,140,293 | 2,140,293 | — | — |
| Total investments in securities | $917,881,138 | $894,082,036 | $23,753,208 | $45,894 |
| Multimanager 2040 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets |
| 62 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Multimanager 2040 Lifetime Portfolio (continued) | ||||
| Affiliated investment companies | $859,072,283 | $859,072,283 | — | — |
| Unaffiliated investment companies | 51,676,172 | 51,676,172 | — | — |
| Common stocks | 48,453 | — | — | $48,453 |
| U.S. Government and Agency obligations | 32,501,042 | — | $32,501,042 | — |
| Short-term investments | 1,882,878 | 1,882,878 | — | — |
| Total investments in securities | $945,180,828 | $912,631,333 | $32,501,042 | $48,453 |
| Multimanager 2035 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $1,001,902,524 | $1,001,902,524 | — | — |
| Unaffiliated investment companies | 50,925,575 | 50,925,575 | — | — |
| Common stocks | 51,184 | — | — | $51,184 |
| U.S. Government and Agency obligations | 47,718,876 | — | $47,718,876 | — |
| Short-term investments | 1,630,169 | 1,630,169 | — | — |
| Total investments in securities | $1,102,228,328 | $1,054,458,268 | $47,718,876 | $51,184 |
| Multimanager 2030 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $1,064,842,122 | $1,064,842,122 | — | — |
| Unaffiliated investment companies | 49,672,450 | 49,672,450 | — | — |
| Common stocks | 54,455 | — | — | $54,455 |
| U.S. Government and Agency obligations | 68,556,894 | — | $68,556,894 | — |
| Short-term investments | 2,184,683 | 2,184,683 | — | — |
| Total investments in securities | $1,185,310,604 | $1,116,699,255 | $68,556,894 | $54,455 |
| Multimanager 2025 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $802,424,372 | $802,424,372 | — | — |
| Unaffiliated investment companies | 27,979,539 | 27,979,539 | — | — |
| Common stocks | 39,769 | — | — | $39,769 |
| U.S. Government and Agency obligations | 59,382,246 | — | $59,382,246 | — |
| Short-term investments | 2,179,171 | 2,179,171 | — | — |
| Total investments in securities | $892,005,097 | $832,583,082 | $59,382,246 | $39,769 |
| Multimanager 2020 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $409,141,283 | $409,141,283 | — | — |
| Unaffiliated investment companies | 10,761,796 | 10,761,796 | — | — |
| Common stocks | 18,107 | — | — | $18,107 |
| U.S. Government and Agency obligations | 33,740,403 | — | $33,740,403 | — |
| Short-term investments | 1,141,223 | 1,141,223 | — | — |
| Total investments in securities | $454,802,812 | $421,044,302 | $33,740,403 | $18,107 |
| Multimanager 2015 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 63 |
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Multimanager 2015 Lifetime Portfolio (continued) | ||||
| Affiliated investment companies | $154,733,314 | $154,733,314 | — | — |
| Unaffiliated investment companies | 3,882,664 | 3,882,664 | — | — |
| Common stocks | 5,461 | — | — | $5,461 |
| U.S. Government and Agency obligations | 13,567,128 | — | $13,567,128 | — |
| Short-term investments | 206,483 | 206,483 | — | — |
| Total investments in securities | $172,395,050 | $158,822,461 | $13,567,128 | $5,461 |
| Multimanager 2010 Lifetime Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $111,805,993 | $111,805,993 | — | — |
| Unaffiliated investment companies | 2,083,789 | 2,083,789 | — | — |
| Common stocks | 2,922 | — | — | $2,922 |
| U.S. Government and Agency obligations | 10,592,951 | — | $10,592,951 | — |
| Short-term investments | 291,328 | 291,328 | — | — |
| Total investments in securities | $124,776,983 | $114,181,110 | $10,592,951 | $2,922 |
Level 3 includes securities valued
at $0. Refer to Portfolios’ investments.
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation,
such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are
recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously
recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or
principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying
assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in
response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or
interest payments because the borrower or issuer has defaulted on its obligation.
Security transactions and related
investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are
reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a
non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain
distributions from underlying funds are recorded on ex-date. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In
those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received.
Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation. Return of capital distributions from underlying funds, if any, are treated as a reduction of
cost.
Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of
securities. Pursuant to the portfolios’ custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any
overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any
overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1
billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of
$750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of
credit, is charged to each participating portfolio based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statements of operations. For the six months ended February 29,
2024, the portfolios had no borrowings under the line of credit.
Commitment fees for the six months
ended February 29, 2024 were as follows:
| Portfolio | Commitment fee |
| Multimanager 2065 Lifetime Portfolio | $1,814 |
| 64 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Portfolio | Commitment fee |
| Multimanager 2060 Lifetime Portfolio | $2,109 |
| Multimanager 2055 Lifetime Portfolio | 2,304 |
| Multimanager 2050 Lifetime Portfolio | 2,623 |
| Multimanager 2045 Lifetime Portfolio | 3,128 |
| Multimanager 2040 Lifetime Portfolio | 3,213 |
| Multimanager 2035 Lifetime Portfolio | 3,467 |
| Multimanager 2030 Lifetime Portfolio | 3,656 |
| Multimanager 2025 Lifetime Portfolio | 3,263 |
| Multimanager 2020 Lifetime Portfolio | 2,544 |
| Multimanager 2015 Lifetime Portfolio | 2,018 |
| Multimanager 2010 Lifetime Portfolio | 1,941 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily
attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio’s relative
net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class.
Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense
rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal
income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as
of August 31, 2023, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of August 31,
2023:
| No Expiration Date | ||
| Portfolio | Short Term | Long Term |
| Multimanager 2030 Lifetime Portfolio | $3,340,710 | $5,903,831 |
| Multimanager 2025 Lifetime Portfolio | 5,516,489 | 5,403,142 |
| Multimanager 2020 Lifetime Portfolio | 1,701,532 | 3,948,307 |
| Multimanager 2015 Lifetime Portfolio | 588,299 | 469,367 |
| Multimanager 2010 Lifetime Portfolio | 339,695 | 383,691 |
As of August 31, 2023, the
portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios’ federal tax returns are subject to examination by the Internal Revenue
Service for a period of three years.
For federal income tax purposes, the
costs of investments owned on February 29, 2024, including short-term investments, were as follows:
| Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) |
| Multimanager 2065 Lifetime Portfolio | $75,012,659 | $3,551,116 | $(603,623) | $2,947,493 |
| Multimanager 2060 Lifetime Portfolio | 274,886,043 | 11,444,761 | (4,393,414) | 7,051,347 |
| Multimanager 2055 Lifetime Portfolio | 392,932,413 | 18,643,677 | (6,284,672) | 12,359,005 |
| Multimanager 2050 Lifetime Portfolio | 583,257,586 | 32,472,519 | (9,893,371) | 22,579,148 |
| Multimanager 2045 Lifetime Portfolio | 840,629,242 | 88,503,975 | (11,252,079) | 77,251,896 |
| Multimanager 2040 Lifetime Portfolio | 874,689,650 | 86,618,947 | (16,127,769) | 70,491,178 |
| Multimanager 2035 Lifetime Portfolio | 1,039,586,763 | 94,614,091 | (31,972,526) | 62,641,565 |
| Multimanager 2030 Lifetime Portfolio | 1,136,174,950 | 91,567,099 | (42,431,445) | 49,135,654 |
| Multimanager 2025 Lifetime Portfolio | 881,464,417 | 50,204,355 | (39,663,675) | 10,540,680 |
| Multimanager 2020 Lifetime Portfolio | 459,050,654 | 18,747,304 | (22,995,146) | (4,247,842) |
| Multimanager 2015 Lifetime Portfolio | 174,930,025 | 6,694,259 | (9,229,234) | (2,534,975) |
| Multimanager 2010 Lifetime Portfolio | 128,675,956 | 1,902,408 | (5,801,381) | (3,898,973) |
Distribution of income and
gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The portfolios generally declare and pay dividends and
capital gain distributions, if any, annually.
Distributions paid by the portfolios
with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 65 |
Such distributions, on a tax basis,
are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios’ financial statements as
a return of capital. The final determination of tax characteristics of the portfolio’s distribution will occur at the end of the year and will subsequently be reported to shareholders. Short-term gains from
underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the
financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent
period. Book-tax differences are primarily attributable to wash sale loss deferrals.
Note 3—Guarantees and indemnifications
Under the Trust’s
organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course
of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future
claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4—Fees and transactions with affiliates
John Hancock Investment Management
LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios.
The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a
subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The portfolios are not responsible for
payment of the subadvisory fees.
The management fee has two
components: (1) a fee on assets invested in a fund of the Trust or John Hancock Funds III (JHF III) (Assets in a fund of the Trust or JHF III); and (2) a fee on assets invested in investments other than a fund of the
Trust or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are
advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.
Management fees are determined in
accordance with the following schedule:
| First $7.5 billion of aggregate net assets | Excess over $7.5 billion of aggregate net assets | |
| Assets in a fund of the Trust or JHF III | 0.060% | 0.050% |
| Other assets | 0.510% | 0.500% |
Expense reimbursements. The Advisor has contractually agreed to reduce its management fees or if necessary make payment to each portfolio in an amount by which certain expenses, including underlying fund expenses
(acquired fund fees), exceed the amount indicated below of the respective portfolio’s average net assets. This expense limitation agreement expires on December 31, 2024, unless renewed by mutual agreement of the
portfolios and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
Payments under this arrangement are
intended to reimburse the portfolios for a portion of the indirect net expenses associated with the portfolios’ investments in underlying funds. Amounts received in excess of portfolio level operating expenses,
if any, are included as Other income received from advisor in the Statements of operations.
Additionally, the Advisor has
voluntarily agreed to waive its management fee for each portfolio so that the aggregate management fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of
subadvisory fees) does not exceed 0.51% of the portfolio’s first $7.5 billion of average net assets and 0.50% of the portfolio’s average net assets in excess of $7.5 billion. The Advisor may terminate this
voluntary waiver at any time upon notice to the Trust.
| 66 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
For the six months ended February
29, 2024, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:
| Expense reimbursement by class | ||||||||
| Portfolio | Class A | Class I | Class R2 | Class R4 | Class R5 | Class R6 | Class 1 | Total |
| Multimanager 2065 Lifetime Portfolio | $1,742 | $344 | $149 | $145 | $600 | $11,971 | $149,884 | $164,835 |
| Multimanager 2060 Lifetime Portfolio | 16,139 | 164 | 1,484 | 99 | 3,698 | 42,852 | 326,308 | 390,744 |
| Multimanager 2055 Lifetime Portfolio | 44,641 | 503 | 1,527 | 64 | 6,147 | 56,975 | 417,802 | 527,659 |
| Multimanager 2050 Lifetime Portfolio | 104,249 | 598 | 5,196 | 1,504 | 5,510 | 74,635 | 560,868 | 752,560 |
| Multimanager 2045 Lifetime Portfolio | 191,879 | 759 | 8,332 | 432 | 7,183 | 90,593 | 844,148 | 1,143,326 |
| Multimanager 2040 Lifetime Portfolio | 220,686 | 890 | 7,357 | 718 | 8,814 | 92,010 | 888,448 | 1,218,923 |
| Multimanager 2035 Lifetime Portfolio | 265,901 | 485 | 12,821 | 297 | 12,165 | 115,002 | 1,061,979 | 1,468,650 |
| Multimanager 2030 Lifetime Portfolio | 321,976 | 2,159 | 13,779 | 1,407 | 14,068 | 128,550 | 1,169,442 | 1,651,381 |
| Multimanager 2025 Lifetime Portfolio | 297,142 | 3,239 | 11,509 | 757 | 12,036 | 97,349 | 958,359 | 1,380,391 |
| Multimanager 2020 Lifetime Portfolio | 268,534 | 1,125 | 7,316 | 645 | 13,080 | 47,728 | 459,812 | 798,240 |
| Multimanager 2015 Lifetime Portfolio | 159,548 | 631 | 1,055 | 37 | 1,021 | 20,820 | 177,663 | 360,775 |
| Multimanager 2010 Lifetime Portfolio | 91,631 | 235 | 314 | 145 | 2,578 | 23,970 | 176,829 | 295,702 |
Expenses waived or reimbursed in
the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees,
including the impact of the waivers and reimbursements as described above, incurred for the six months ended February 29, 2024, were equivalent to a net annual effective rate of the portfolios’ average
daily net assets as follows:
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and
recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class
based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended February 29, 2024, amounted to an annual rate of 0.02% of each
portfolios’ average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1
under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. In addition, under a service plan for certain classes as detailed below, the portfolios pay for certain
other services. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of
the portfolios’ shares:
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
| Class R5 | — | 0.05% |
| Class 1 | 0.05% | — |
The portfolios’ Distributor
has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on December 31, 2024, unless renewed by mutual agreement of the portfolios and the Distributor based
upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for Class R4 shares for the six months ended February 29, 2024:
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 67 |
Sales charges. Class A shares are assessed up-front sales charges of up to 5.00% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the
Distributor during the six months ended February 29, 2024:
| Multimanager 2065 Lifetime Portfolio | Multimanager 2060 Lifetime Portfolio | Multimanager 2055 Lifetime Portfolio | Multimanager 2050 Lifetime Portfolio | Multimanager 2045 Lifetime Portfolio | Multimanager 2040 Lifetime Portfolio | Multimanager 2035 Lifetime Portfolio | Multimanager 2030 Lifetime Portfolio | Multimanager 2025 Lifetime Portfolio | Multimanager 2020 Lifetime Portfolio | Multimanager 2015 Lifetime Portfolio | Multimanager 2010 Lifetime Portfolio | |
| Total sales charges | $1,755 | $3,232 | $6,608 | $5,242 | $5,737 | $7,026 | $6,654 | $8,387 | $3,374 | $937 | $8,524 | $283 |
| Retained for printing prospectus, advertising and sales literature | 279 | 540 | 1,120 | 902 | 976 | 1,193 | 1,135 | 1,421 | 532 | 159 | 1,569 | 47 |
| Sales commission to unrelated broker-dealers | 1,476 | 2,692 | 5,488 | 4,340 | 4,761 | 5,833 | 5,519 | 6,966 | 2,842 | 778 | 6,955 | 236 |
Class A shares may be subject to
contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and redeemed within one year of purchase are subject to a 1.00%
sales charge. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the
Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended February 29, 2024, CDSCs received by the Distributor for Class A shares were as
follows:
| Portfolio | Class A |
| Multimanager 2055 Lifetime Portfolio | $147 |
| Multimanager 2035 Lifetime Portfolio | 16 |
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent
fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to
third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in
connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of
Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds
and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended February 29, 2024 were as follows:
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| Multimanager 2065 Lifetime Portfolio | Class A | $1,015 | $412 |
| Class I | — | 82 | |
| Class R2 | 75 | 2 | |
| Class R4 | 71 | 1 | |
| Class R5 | 42 | 6 | |
| Class R6 | — | 123 | |
| Class 1 | 14,584 | — | |
| Total | $15,787 | $626 | |
| Multimanager 2060 Lifetime Portfolio | Class A | $15,464 | $6,299 |
| Class I | — | 63 | |
| Class R2 | 2,388 | 25 | |
| Class R4 | 87 | 2 | |
| Class R5 | 603 | 62 | |
| Class R6 | — | 720 | |
| Class 1 | 52,089 | — | |
| Total | $70,631 | $7,171 |
| 68 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| Multimanager 2055 Lifetime Portfolio | Class A | $46,303 | $18,867 |
| Class I | — | 209 | |
| Class R2 | 2,623 | 28 | |
| Class R4 | 56 | 1 | |
| Class R5 | 1,099 | 112 | |
| Class R6 | — | 1,036 | |
| Class 1 | 72,190 | — | |
| Total | $122,271 | $20,253 | |
| Multimanager 2050 Lifetime Portfolio | Class A | $115,401 | $47,027 |
| Class I | — | 265 | |
| Class R2 | 9,359 | 101 | |
| Class R4 | 1,949 | 29 | |
| Class R5 | 1,040 | 107 | |
| Class R6 | — | 1,449 | |
| Class 1 | 103,437 | — | |
| Total | $231,186 | $48,978 | |
| Multimanager 2045 Lifetime Portfolio | Class A | $213,973 | $87,195 |
| Class I | — | 340 | |
| Class R2 | 15,396 | 163 | |
| Class R4 | 559 | 9 | |
| Class R5 | 1,353 | 140 | |
| Class R6 | — | 1,773 | |
| Class 1 | 156,906 | — | |
| Total | $388,187 | $89,620 | |
| Multimanager 2040 Lifetime Portfolio | Class A | $241,410 | $98,384 |
| Class I | — | 395 | |
| Class R2 | 13,263 | 141 | |
| Class R4 | 899 | 14 | |
| Class R5 | 1,629 | 169 | |
| Class R6 | — | 1,765 | |
| Class 1 | 161,965 | — | |
| Total | $419,166 | $100,868 | |
| Multimanager 2035 Lifetime Portfolio | Class A | $282,355 | $115,074 |
| Class I | — | 205 | |
| Class R2 | 22,793 | 239 | |
| Class R4 | 323 | 6 | |
| Class R5 | 2,208 | 226 | |
| Class R6 | — | 2,142 | |
| Class 1 | 187,925 | — | |
| Total | $495,604 | $117,892 | |
| Multimanager 2030 Lifetime Portfolio | Class A | $333,242 | $135,830 |
| Class I | — | 911 | |
| Class R2 | 23,718 | 250 | |
| Class R4 | 1,673 | 25 | |
| Class R5 | 2,470 | 255 | |
| Class R6 | — | 2,337 | |
| Class 1 | 201,738 | — | |
| Total | $562,841 | $139,608 | |
| Multimanager 2025 Lifetime Portfolio | Class A | $284,711 | $116,051 |
| Class I | — | 1,259 | |
| Class R2 | 18,451 | 195 | |
| Class R4 | 850 | 13 | |
| Class R5 | 1,903 | 202 | |
| Class R6 | — | 1,638 | |
| Class 1 | 153,097 | — |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 69 |
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| Total | $459,012 | $119,358 | |
| Multimanager 2020 Lifetime Portfolio | Class A | $233,369 | $95,123 |
| Class I | — | 400 | |
| Class R2 | 10,050 | 112 | |
| Class R4 | 639 | 10 | |
| Class R5 | 1,906 | 200 | |
| Class R6 | — | 731 | |
| Class 1 | 66,646 | — | |
| Total | $312,610 | $96,576 | |
| Multimanager 2015 Lifetime Portfolio | Class A | $113,240 | $46,151 |
| Class I | — | 186 | |
| Class R2 | 1,255 | 13 | |
| Class R4 | 22 | — | |
| Class R5 | 121 | 13 | |
| Class R6 | — | 260 | |
| Class 1 | 21,022 | — | |
| Total | $135,660 | $46,623 | |
| Multimanager 2010 Lifetime Portfolio | Class A | $58,126 | $23,689 |
| Class I | — | 63 | |
| Class R2 | 298 | 4 | |
| Class R4 | 107 | 2 | |
| Class R5 | 281 | 29 | |
| Class R6 | — | 267 | |
| Class 1 | 18,706 | — | |
| Total | $77,518 | $24,054 |
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based
on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5—Portfolio share transactions
Transactions in portfolios’
shares for the six months ended February 29, 2024 and for the year ended August 31, 2023 were as follows:
| Multimanager 2065 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 46,861 | $536,169 | 29,906 | $330,863 |
| Distributions reinvested | 1,878 | 21,987 | 602 | 6,079 |
| Repurchased | (15,156) | (171,473) | (7,666) | (83,468) |
| Net increase | 33,583 | $386,683 | 22,842 | $253,474 |
| Class I shares | ||||
| Sold | 2,248 | $25,703 | 5,887 | $63,500 |
| Distributions reinvested | 255 | 2,984 | 220 | 2,223 |
| Repurchased | (545) | (6,351) | (230) | (2,461) |
| Net increase | 1,958 | $22,336 | 5,877 | $63,262 |
| Class R2 shares | ||||
| Sold | 63 | $720 | 104 | $1,140 |
| Distributions reinvested | 5 | 59 | 1 | 7 |
| Repurchased | (3) | (32) | (3) | (38) |
| Net increase | 65 | $747 | 102 | $1,109 |
| 70 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Multimanager 2065 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 60 | $700 | — | — |
| Distributions reinvested | 1 | 11 | — | — |
| Repurchased | (1) | (12) | — | — |
| Net increase | 60 | $699 | — | — |
| Class R5 shares | ||||
| Sold | 7,809 | $88,996 | 9,879 | $107,308 |
| Distributions reinvested | 609 | 7,134 | 169 | 1,704 |
| Repurchased | (561) | (6,540) | (219) | (2,265) |
| Net increase | 7,857 | $89,590 | 9,829 | $106,747 |
| Class R6 shares | ||||
| Sold | 151,574 | $1,713,266 | 235,442 | $2,549,507 |
| Distributions reinvested | 15,746 | 184,387 | 8,283 | 83,657 |
| Repurchased | (57,364) | (624,612) | (42,912) | (463,465) |
| Net increase | 109,956 | $1,273,041 | 200,813 | $2,169,699 |
| Class 1 shares | ||||
| Sold | 1,265,848 | $14,488,574 | 2,424,895 | $26,240,567 |
| Distributions reinvested | 195,775 | 2,292,529 | 148,224 | 1,495,583 |
| Repurchased | (271,667) | (3,037,901) | (525,483) | (5,549,008) |
| Net increase | 1,189,956 | $13,743,202 | 2,047,636 | $22,187,142 |
| Total net increase | 1,343,435 | $15,516,298 | 2,287,099 | $24,781,433 |
| Multimanager 2060 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 136,152 | $1,641,765 | 117,707 | $1,381,112 |
| Distributions reinvested | 28,063 | 342,365 | 107,703 | 1,130,877 |
| Repurchased | (105,541) | (1,265,925) | (149,507) | (1,728,858) |
| Net increase | 58,674 | $718,205 | 75,903 | $783,131 |
| Class I shares | ||||
| Sold | 17,239 | $203,044 | 29 | $326 |
| Distributions reinvested | 127 | 1,549 | — | — |
| Repurchased | (8,362) | (94,627) | — | — |
| Net increase | 9,004 | $109,966 | 29 | $326 |
| Class R2 shares | ||||
| Sold | 8,855 | $104,941 | 20,795 | $241,780 |
| Distributions reinvested | 2,565 | 31,268 | 8,107 | 85,120 |
| Repurchased | (9,729) | (119,688) | (9,369) | (112,223) |
| Net increase | 1,691 | $16,521 | 19,533 | $214,677 |
| Class R4 shares | ||||
| Sold | — | — | 2 | $17 |
| Distributions reinvested | 48 | $578 | 233 | 2,455 |
| Repurchased | (157) | (1,875) | (698) | (8,241) |
| Net decrease | (109) | $(1,297) | (463) | $(5,769) |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 71 |
| Multimanager 2060 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R5 shares | ||||
| Sold | 61,597 | $732,198 | 139,344 | $1,570,472 |
| Distributions reinvested | 6,837 | 83,480 | 16,490 | 173,313 |
| Repurchased | (91,496) | (1,045,067) | (19,945) | (227,362) |
| Net increase (decrease) | (23,062) | $(229,389) | 135,889 | $1,516,423 |
| Class R6 shares | ||||
| Sold | 538,743 | $6,359,866 | 1,026,029 | $12,016,240 |
| Distributions reinvested | 83,079 | 1,016,055 | 207,597 | 2,183,924 |
| Repurchased | (311,368) | (3,557,495) | (459,113) | (5,462,183) |
| Net increase | 310,454 | $3,818,426 | 774,513 | $8,737,981 |
| Class 1 shares | ||||
| Sold | 1,428,279 | $17,082,941 | 3,323,801 | $38,344,021 |
| Distributions reinvested | 635,465 | 7,765,378 | 1,996,494 | 21,003,115 |
| Repurchased | (625,208) | (7,384,978) | (1,540,414) | (17,222,272) |
| Net increase | 1,438,536 | $17,463,341 | 3,779,881 | $42,124,864 |
| Total net increase | 1,795,188 | $21,895,773 | 4,785,285 | $53,371,633 |
| Multimanager 2055 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 241,469 | $2,493,271 | 325,879 | $3,292,777 |
| Distributions reinvested | 84,967 | 911,699 | 383,502 | 3,532,055 |
| Repurchased | (336,195) | (3,503,274) | (412,000) | (4,158,800) |
| Net increase (decrease) | (9,759) | $(98,304) | 297,381 | $2,666,032 |
| Class I shares | ||||
| Sold | 60,633 | $636,588 | 752 | $7,399 |
| Distributions reinvested | 859 | 9,236 | 629 | 5,804 |
| Repurchased | (7,987) | (83,032) | (3,052) | (30,504) |
| Net increase (decrease) | 53,505 | $562,792 | (1,671) | $(17,301) |
| Class R2 shares | ||||
| Sold | 15,913 | $167,712 | 31,358 | $317,067 |
| Distributions reinvested | 2,948 | 31,608 | 13,564 | 124,787 |
| Repurchased | (10,293) | (106,740) | (31,264) | (317,571) |
| Net increase | 8,568 | $92,580 | 13,658 | $124,283 |
| Class R4 shares | ||||
| Sold | 103 | $1,072 | 128 | $1,288 |
| Distributions reinvested | 6 | 67 | 2 | 21 |
| Repurchased | (1) | (15) | (1) | (14) |
| Net increase | 108 | $1,124 | 129 | $1,295 |
| Class R5 shares | ||||
| Sold | 48,285 | $503,680 | 148,214 | $1,477,088 |
| Distributions reinvested | 12,856 | 138,330 | 43,326 | 399,896 |
| Repurchased | (77,462) | (786,166) | (28,842) | (289,603) |
| Net increase (decrease) | (16,321) | $(144,156) | 162,698 | $1,587,381 |
| 72 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Multimanager 2055 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R6 shares | ||||
| Sold | 680,996 | $7,064,244 | 1,516,188 | $15,577,399 |
| Distributions reinvested | 122,048 | 1,312,012 | 426,966 | 3,936,622 |
| Repurchased | (616,561) | (6,055,010) | (1,125,685) | (11,738,080) |
| Net increase | 186,483 | $2,321,246 | 817,469 | $7,775,941 |
| Class 1 shares | ||||
| Sold | 1,693,509 | $17,833,580 | 3,992,043 | $40,681,960 |
| Distributions reinvested | 907,251 | 9,752,951 | 3,583,949 | 33,044,014 |
| Repurchased | (1,347,247) | (13,988,398) | (2,917,136) | (28,582,979) |
| Net increase | 1,253,513 | $13,598,133 | 4,658,856 | $45,142,995 |
| Total net increase | 1,476,097 | $16,333,415 | 5,948,520 | $57,280,626 |
| Multimanager 2050 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 225,594 | $2,452,458 | 400,969 | $4,207,218 |
| Distributions reinvested | 203,934 | 2,259,587 | 1,167,416 | 11,090,452 |
| Repurchased | (489,491) | (5,316,669) | (830,600) | (8,655,019) |
| Net increase (decrease) | (59,963) | $(604,624) | 737,785 | $6,642,651 |
| Class I shares | ||||
| Sold | 79,820 | $870,738 | 2,416 | $25,019 |
| Distributions reinvested | 825 | 9,160 | 1,307 | 12,443 |
| Repurchased | (12,876) | (142,547) | (1,291) | (13,310) |
| Net increase | 67,769 | $737,351 | 2,432 | $24,152 |
| Class R2 shares | ||||
| Sold | 29,056 | $313,764 | 78,251 | $825,943 |
| Distributions reinvested | 9,617 | 106,554 | 65,173 | 619,139 |
| Repurchased | (36,902) | (399,189) | (123,529) | (1,306,562) |
| Net increase | 1,771 | $21,129 | 19,895 | $138,520 |
| Class R4 shares | ||||
| Sold | 9,652 | $103,703 | 28,025 | $307,970 |
| Distributions reinvested | 2,755 | 30,520 | 23,278 | 221,142 |
| Repurchased | (70,622) | (728,611) | (17,345) | (184,100) |
| Net increase (decrease) | (58,215) | $(594,388) | 33,958 | $345,012 |
| Class R5 shares | ||||
| Sold | 72,097 | $767,832 | 203,204 | $2,104,424 |
| Distributions reinvested | 11,382 | 126,454 | 47,101 | 448,397 |
| Repurchased | (128,334) | (1,326,295) | (31,733) | (341,619) |
| Net increase (decrease) | (44,855) | $(432,009) | 218,572 | $2,211,202 |
| Class R6 shares | ||||
| Sold | 678,149 | $7,267,605 | 1,787,318 | $19,183,424 |
| Distributions reinvested | 158,095 | 1,756,439 | 735,116 | 6,998,307 |
| Repurchased | (1,040,333) | (10,522,208) | (1,235,467) | (13,526,425) |
| Net increase (decrease) | (204,089) | $(1,498,164) | 1,286,967 | $12,655,306 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 73 |
| Multimanager 2050 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class 1 shares | ||||
| Sold | 1,895,431 | $20,441,765 | 4,302,140 | $45,392,559 |
| Distributions reinvested | 1,239,774 | 13,749,098 | 6,112,191 | 58,126,941 |
| Repurchased | (2,197,079) | (23,695,722) | (4,255,225) | (43,688,101) |
| Net increase | 938,126 | $10,495,141 | 6,159,106 | $59,831,399 |
| Total net increase | 640,544 | $8,124,436 | 8,458,715 | $81,848,242 |
| Multimanager 2045 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 452,595 | $4,117,190 | 826,187 | $7,540,278 |
| Distributions reinvested | 471,203 | 4,429,308 | 3,099,303 | 25,135,349 |
| Repurchased | (849,175) | (7,740,373) | (1,550,761) | (14,107,356) |
| Net increase | 74,623 | $806,125 | 2,374,729 | $18,568,271 |
| Class I shares | ||||
| Sold | 43,750 | $404,762 | 18,348 | $163,503 |
| Distributions reinvested | 1,952 | 18,506 | 6,167 | 50,449 |
| Repurchased | (4,523) | (41,692) | (10,772) | (96,606) |
| Net increase | 41,179 | $381,576 | 13,743 | $117,346 |
| Class R2 shares | ||||
| Sold | 43,110 | $396,992 | 101,332 | $937,128 |
| Distributions reinvested | 20,007 | 189,269 | 136,264 | 1,111,913 |
| Repurchased | (42,012) | (374,447) | (107,476) | (968,637) |
| Net increase | 21,105 | $211,814 | 130,120 | $1,080,404 |
| Class R4 shares | ||||
| Sold | 2,302 | $21,074 | 4,038 | $37,172 |
| Distributions reinvested | 1,141 | 10,773 | 6,018 | 48,987 |
| Repurchased | (30) | (269) | (50) | (462) |
| Net increase | 3,413 | $31,578 | 10,006 | $85,697 |
| Class R5 shares | ||||
| Sold | 66,833 | $623,538 | 177,034 | $1,567,772 |
| Distributions reinvested | 19,055 | 181,401 | 108,255 | 888,773 |
| Repurchased | (118,218) | (1,053,545) | (118,175) | (1,109,897) |
| Net increase (decrease) | (32,330) | $(248,606) | 167,114 | $1,346,648 |
| Class R6 shares | ||||
| Sold | 1,008,796 | $9,208,198 | 2,588,418 | $24,165,984 |
| Distributions reinvested | 229,833 | 2,181,111 | 1,439,675 | 11,776,539 |
| Repurchased | (1,968,272) | (17,064,638) | (2,074,700) | (19,264,211) |
| Net increase (decrease) | (729,643) | $(5,675,329) | 1,953,393 | $16,678,312 |
| Class 1 shares | ||||
| Sold | 2,180,909 | $20,302,487 | 4,271,874 | $39,281,783 |
| Distributions reinvested | 2,309,301 | 21,938,361 | 14,047,223 | 115,046,760 |
| Repurchased | (4,417,431) | (40,542,702) | (7,532,944) | (67,974,422) |
| Net increase | 72,779 | $1,698,146 | 10,786,153 | $86,354,121 |
| Total net increase (decrease) | (548,874) | $(2,794,696) | 15,435,258 | $124,230,799 |
| 74 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Multimanager 2040 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 489,662 | $4,601,513 | 804,609 | $7,391,677 |
| Distributions reinvested | 476,786 | 4,558,074 | 3,366,859 | 27,978,596 |
| Repurchased | (1,266,210) | (11,776,051) | (1,800,291) | (16,462,651) |
| Net increase (decrease) | (299,762) | $(2,616,464) | 2,371,177 | $18,907,622 |
| Class I shares | ||||
| Sold | 29,995 | $282,821 | 14,682 | $136,206 |
| Distributions reinvested | 1,975 | 19,057 | 11,202 | 93,875 |
| Repurchased | (5,443) | (52,706) | (27,546) | (256,863) |
| Net increase (decrease) | 26,527 | $249,172 | (1,662) | $(26,782) |
| Class R2 shares | ||||
| Sold | 36,068 | $335,841 | 95,607 | $882,514 |
| Distributions reinvested | 15,593 | 149,852 | 112,139 | 935,236 |
| Repurchased | (19,394) | (181,605) | (137,477) | (1,278,488) |
| Net increase | 32,267 | $304,088 | 70,269 | $539,262 |
| Class R4 shares | ||||
| Sold | 8,564 | $80,042 | 9,002 | $86,046 |
| Distributions reinvested | 1,733 | 16,588 | 9,098 | 75,603 |
| Repurchased | (3,640) | (33,465) | (1,060) | (9,894) |
| Net increase | 6,657 | $63,165 | 17,040 | $151,755 |
| Class R5 shares | ||||
| Sold | 96,410 | $905,706 | 190,255 | $1,763,388 |
| Distributions reinvested | 21,378 | 206,516 | 108,587 | 911,042 |
| Repurchased | (78,883) | (714,603) | (78,049) | (751,669) |
| Net increase | 38,905 | $397,619 | 220,793 | $1,922,761 |
| Class R6 shares | ||||
| Sold | 853,631 | $7,914,929 | 2,810,567 | $26,655,614 |
| Distributions reinvested | 207,823 | 1,999,260 | 1,482,417 | 12,393,003 |
| Repurchased | (2,497,904) | (21,735,891) | (2,164,653) | (20,141,054) |
| Net increase (decrease) | (1,436,450) | $(11,821,702) | 2,128,331 | $18,907,563 |
| Class 1 shares | ||||
| Sold | 2,105,222 | $19,667,414 | 5,051,615 | $47,042,641 |
| Distributions reinvested | 2,144,414 | 20,672,149 | 13,730,048 | 114,920,501 |
| Repurchased | (5,298,840) | (49,680,712) | (8,675,291) | (79,444,984) |
| Net increase (decrease) | (1,049,204) | $(9,341,149) | 10,106,372 | $82,518,158 |
| Total net increase (decrease) | (2,681,060) | $(22,765,271) | 14,912,320 | $122,920,339 |
| Multimanager 2035 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 445,252 | $4,059,520 | 1,064,044 | $9,666,415 |
| Distributions reinvested | 507,968 | 4,764,740 | 3,616,088 | 29,724,240 |
| Repurchased | (1,345,934) | (12,307,102) | (2,122,598) | (19,309,232) |
| Net increase (decrease) | (392,714) | $(3,482,842) | 2,557,534 | $20,081,423 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 75 |
| Multimanager 2035 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class I shares | ||||
| Sold | 148,067 | $1,343,985 | 28,309 | $261,403 |
| Distributions reinvested | 713 | 6,715 | 1,756 | 14,504 |
| Repurchased | (96,343) | (849,775) | (31,200) | (285,779) |
| Net increase (decrease) | 52,437 | $500,925 | (1,135) | $(9,872) |
| Class R2 shares | ||||
| Sold | 55,290 | $509,722 | 186,043 | $1,688,490 |
| Distributions reinvested | 23,542 | 222,474 | 164,455 | 1,361,686 |
| Repurchased | (130,937) | (1,197,138) | (144,188) | (1,308,975) |
| Net increase (decrease) | (52,105) | $(464,942) | 206,310 | $1,741,201 |
| Class R4 shares | ||||
| Sold | 783 | $7,156 | 2,259 | $20,868 |
| Distributions reinvested | 620 | 5,861 | 3,481 | 28,822 |
| Repurchased | (23) | (211) | (39) | (352) |
| Net increase | 1,380 | $12,806 | 5,701 | $49,338 |
| Class R5 shares | ||||
| Sold | 71,913 | $664,875 | 294,247 | $2,641,001 |
| Distributions reinvested | 25,352 | 240,087 | 158,344 | 1,312,676 |
| Repurchased | (253,335) | (2,237,092) | (112,062) | (1,040,938) |
| Net increase (decrease) | (156,070) | $(1,332,130) | 340,529 | $2,912,739 |
| Class R6 shares | ||||
| Sold | 917,682 | $8,336,957 | 2,625,041 | $24,325,287 |
| Distributions reinvested | 239,847 | 2,266,550 | 1,608,885 | 13,321,565 |
| Repurchased | (2,245,054) | (19,261,375) | (1,748,784) | (16,167,766) |
| Net increase (decrease) | (1,087,525) | $(8,657,868) | 2,485,142 | $21,479,086 |
| Class 1 shares | ||||
| Sold | 2,286,354 | $21,139,747 | 5,705,039 | $52,370,880 |
| Distributions reinvested | 2,315,789 | 21,930,521 | 14,898,115 | 123,505,373 |
| Repurchased | (5,360,059) | (49,112,574) | (10,856,794) | (98,538,599) |
| Net increase (decrease) | (757,916) | $(6,042,306) | 9,746,360 | $77,337,654 |
| Total net increase (decrease) | (2,392,513) | $(19,466,357) | 15,340,441 | $123,591,569 |
| Multimanager 2030 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 527,579 | $4,667,985 | 1,296,310 | $11,474,607 |
| Distributions reinvested | 678,534 | 6,228,938 | 3,863,858 | 31,606,357 |
| Repurchased | (1,723,869) | (15,356,713) | (2,565,045) | (22,912,067) |
| Net increase (decrease) | (517,756) | $(4,459,790) | 2,595,123 | $20,168,897 |
| Class I shares | ||||
| Sold | 50,271 | $449,660 | 29,005 | $278,700 |
| Distributions reinvested | 4,809 | 43,957 | 28,959 | 235,726 |
| Repurchased | (39,452) | (354,513) | (81,760) | (714,641) |
| Net increase (decrease) | 15,628 | $139,104 | (23,796) | $(200,215) |
| 76 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Multimanager 2030 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R2 shares | ||||
| Sold | 53,764 | $472,870 | 133,460 | $1,176,125 |
| Distributions reinvested | 29,135 | 264,838 | 159,724 | 1,293,761 |
| Repurchased | (58,658) | (519,616) | (139,952) | (1,255,975) |
| Net increase | 24,241 | $218,092 | 153,232 | $1,213,911 |
| Class R4 shares | ||||
| Sold | 12,156 | $107,713 | 13,642 | $125,120 |
| Distributions reinvested | 3,300 | 30,063 | 15,183 | 123,134 |
| Repurchased | (1,971) | (17,763) | (3,790) | (33,474) |
| Net increase | 13,485 | $120,013 | 25,035 | $214,780 |
| Class R5 shares | ||||
| Sold | 84,738 | $759,835 | 329,919 | $2,845,254 |
| Distributions reinvested | 33,929 | 309,429 | 157,327 | 1,277,495 |
| Repurchased | (254,089) | (2,200,879) | (161,551) | (1,403,657) |
| Net increase (decrease) | (135,422) | $(1,131,615) | 325,695 | $2,719,092 |
| Class R6 shares | ||||
| Sold | 1,353,595 | $11,861,961 | 3,301,739 | $29,579,198 |
| Distributions reinvested | 289,118 | 2,636,756 | 1,645,952 | 13,365,131 |
| Repurchased | (2,936,235) | (24,739,882) | (2,551,825) | (22,644,317) |
| Net increase (decrease) | (1,293,522) | $(10,241,165) | 2,395,866 | $20,300,012 |
| Class 1 shares | ||||
| Sold | 1,765,113 | $15,640,824 | 4,852,520 | $43,484,714 |
| Distributions reinvested | 2,828,367 | 25,822,991 | 15,557,495 | 126,482,435 |
| Repurchased | (6,935,588) | (61,719,929) | (14,311,606) | (126,054,202) |
| Net increase (decrease) | (2,342,108) | $(20,256,114) | 6,098,409 | $43,912,947 |
| Total net increase (decrease) | (4,235,454) | $(35,611,475) | 11,569,564 | $88,329,424 |
| Multimanager 2025 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 459,221 | $3,848,094 | 1,155,327 | $9,796,313 |
| Distributions reinvested | 736,861 | 6,425,425 | 3,374,611 | 26,794,414 |
| Repurchased | (1,997,787) | (17,003,282) | (3,669,581) | (31,562,043) |
| Net increase (decrease) | (801,705) | $(6,729,763) | 860,357 | $5,028,684 |
| Class I shares | ||||
| Sold | 79,961 | $680,727 | 44,083 | $415,527 |
| Distributions reinvested | 8,931 | 77,435 | 33,013 | 260,472 |
| Repurchased | (2,190) | (18,369) | (84,232) | (704,153) |
| Net increase (decrease) | 86,702 | $739,793 | (7,136) | $(28,154) |
| Class R2 shares | ||||
| Sold | 33,657 | $283,130 | 125,963 | $1,076,622 |
| Distributions reinvested | 27,445 | 237,128 | 137,977 | 1,085,877 |
| Repurchased | (193,520) | (1,640,457) | (287,271) | (2,482,786) |
| Net decrease | (132,418) | $(1,120,199) | (23,331) | $(320,287) |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 77 |
| Multimanager 2025 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 2,346 | $19,852 | 4,604 | $39,631 |
| Distributions reinvested | 2,001 | 17,372 | 11,989 | 94,710 |
| Repurchased | (27,120) | (229,446) | (6,198) | (51,230) |
| Net increase (decrease) | (22,773) | $(192,222) | 10,395 | $83,111 |
| Class R5 shares | ||||
| Sold | 61,737 | $524,540 | 433,975 | $3,569,649 |
| Distributions reinvested | 32,710 | 282,941 | 123,777 | 975,359 |
| Repurchased | (326,396) | (2,689,136) | (245,498) | (2,081,235) |
| Net increase (decrease) | (231,949) | $(1,881,655) | 312,254 | $2,463,773 |
| Class R6 shares | ||||
| Sold | 607,095 | $5,092,641 | 2,397,679 | $20,651,077 |
| Distributions reinvested | 245,114 | 2,117,786 | 1,090,990 | 8,586,095 |
| Repurchased | (1,974,904) | (16,031,363) | (2,037,295) | (17,385,379) |
| Net increase (decrease) | (1,122,695) | $(8,820,936) | 1,451,374 | $11,851,793 |
| Class 1 shares | ||||
| Sold | 1,205,270 | $10,152,885 | 2,156,484 | $18,357,180 |
| Distributions reinvested | 2,675,447 | 23,169,372 | 12,392,870 | 97,655,814 |
| Repurchased | (7,923,349) | (67,360,399) | (17,643,520) | (150,502,509) |
| Net decrease | (4,042,632) | $(34,038,142) | (3,094,166) | $(34,489,515) |
| Total net decrease | (6,267,470) | $(52,043,124) | (490,253) | $(15,410,595) |
| Multimanager 2020 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 186,420 | $1,470,816 | 446,555 | $3,502,534 |
| Distributions reinvested | 640,897 | 5,088,723 | 2,818,334 | 20,630,205 |
| Repurchased | (2,030,748) | (15,824,860) | (3,215,436) | (25,243,731) |
| Net increase (decrease) | (1,203,431) | $(9,265,321) | 49,453 | $(1,110,992) |
| Class I shares | ||||
| Sold | 105,789 | $828,502 | 180,836 | $1,413,732 |
| Distributions reinvested | 1,717 | 13,646 | 3,836 | 28,077 |
| Repurchased | (151,734) | (1,179,406) | (107,059) | (830,063) |
| Net increase (decrease) | (44,228) | $(337,258) | 77,613 | $611,746 |
| Class R2 shares | ||||
| Sold | 23,260 | $178,617 | 65,436 | $510,098 |
| Distributions reinvested | 17,349 | 136,887 | 90,402 | 657,220 |
| Repurchased | (33,747) | (264,719) | (249,133) | (1,927,382) |
| Net increase (decrease) | 6,862 | $50,785 | (93,295) | $(760,064) |
| Class R4 shares | ||||
| Sold | 8,190 | $63,728 | 10,014 | $79,921 |
| Distributions reinvested | 1,733 | 13,658 | 5,145 | 37,351 |
| Repurchased | (19) | (148) | (2,098) | (16,917) |
| Net increase | 9,904 | $77,238 | 13,061 | $100,355 |
| 78 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Multimanager 2020 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R5 shares | ||||
| Sold | 94,502 | $722,000 | 91,505 | $703,765 |
| Distributions reinvested | 36,024 | 285,313 | 128,929 | 939,893 |
| Repurchased | (185,504) | (1,440,098) | (103,591) | (796,412) |
| Net increase (decrease) | (54,978) | $(432,785) | 116,843 | $847,246 |
| Class R6 shares | ||||
| Sold | 441,223 | $3,379,881 | 1,581,080 | $12,482,891 |
| Distributions reinvested | 120,942 | 954,232 | 560,358 | 4,073,800 |
| Repurchased | (1,381,613) | (10,464,768) | (1,621,624) | (12,615,289) |
| Net increase (decrease) | (819,448) | $(6,130,655) | 519,814 | $3,941,402 |
| Class 1 shares | ||||
| Sold | 656,218 | $5,096,121 | 1,327,591 | $10,338,378 |
| Distributions reinvested | 1,211,646 | 9,584,119 | 5,512,185 | 40,183,832 |
| Repurchased | (5,491,921) | (42,741,738) | (9,354,912) | (72,697,681) |
| Net decrease | (3,624,057) | $(28,061,498) | (2,515,136) | $(22,175,471) |
| Total net decrease | (5,729,376) | $(44,099,494) | (1,831,647) | $(18,545,778) |
| Multimanager 2015 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 96,741 | $694,646 | 60,837 | $436,624 |
| Distributions reinvested | 353,676 | 2,595,980 | 1,358,234 | 9,263,154 |
| Repurchased | (705,167) | (5,049,353) | (1,561,445) | (11,445,865) |
| Net decrease | (254,750) | $(1,758,727) | (142,374) | $(1,746,087) |
| Class I shares | ||||
| Sold | 5,797 | $42,110 | — | — |
| Distributions reinvested | 789 | 5,784 | 12,966 | $88,168 |
| Repurchased | (79,048) | (551,346) | (94,205) | (715,750) |
| Net decrease | (72,462) | $(503,452) | (81,239) | $(627,582) |
| Class R2 shares | ||||
| Sold | 2,873 | $20,528 | 7,918 | $56,966 |
| Distributions reinvested | 2,356 | 17,175 | 9,405 | 63,668 |
| Repurchased | (15,056) | (109,688) | (28,529) | (204,620) |
| Net decrease | (9,827) | $(71,985) | (11,206) | $(83,986) |
| Class R4 shares | ||||
| Sold | — | — | 1,355 | $10,000 |
| Net increase | — | — | 1,355 | $10,000 |
| Class R5 shares | ||||
| Sold | 15,132 | $109,457 | 8,239 | $58,502 |
| Distributions reinvested | 2,388 | 17,482 | 9,057 | 61,495 |
| Repurchased | (19,389) | (139,592) | (15,768) | (112,840) |
| Net increase (decrease) | (1,869) | $(12,653) | 1,528 | $7,157 |
| Class R6 shares | ||||
| Sold | 54,126 | $390,631 | 244,998 | $1,788,251 |
| Distributions reinvested | 51,398 | 376,746 | 170,613 | 1,160,167 |
| Repurchased | (96,762) | (690,815) | (268,290) | (1,938,732) |
| Net increase | 8,762 | $76,562 | 147,321 | $1,009,686 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 79 |
| Multimanager 2015 Lifetime Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class 1 shares | ||||
| Sold | 446,825 | $3,189,463 | 556,385 | $4,092,353 |
| Distributions reinvested | 431,502 | 3,158,596 | 1,639,943 | 11,151,614 |
| Repurchased | (1,345,574) | (9,733,101) | (3,051,229) | (22,296,484) |
| Net decrease | (467,247) | $(3,385,042) | (854,901) | $(7,052,517) |
| Total net decrease | (797,393) | $(5,655,297) | (939,516) | $(8,483,329) |
| Multimanager 2010 Lifetime Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 28,919 | $213,647 | 141,704 | $1,046,915 |
| Distributions reinvested | 193,688 | 1,437,163 | 542,371 | 3,780,357 |
| Repurchased | (412,942) | (3,027,735) | (737,674) | (5,454,255) |
| Net decrease | (190,335) | $(1,376,925) | (53,599) | $(626,983) |
| Class I shares | ||||
| Sold | 16,791 | $120,894 | 8,027 | $59,125 |
| Distributions reinvested | 289 | 2,142 | 4,795 | 33,325 |
| Repurchased | (49,983) | (358,806) | (41,033) | (300,537) |
| Net decrease | (32,903) | $(235,770) | (28,211) | $(208,087) |
| Class R2 shares | ||||
| Sold | 505 | $3,673 | 6,540 | $47,920 |
| Distributions reinvested | 659 | 4,889 | 7,454 | 51,882 |
| Repurchased | (297) | (2,170) | (67,248) | (491,128) |
| Net increase (decrease) | 867 | $6,392 | (53,254) | $(391,326) |
| Class R4 shares | ||||
| Sold | 367 | $2,708 | 545 | $4,082 |
| Distributions reinvested | 329 | 2,436 | 756 | 5,258 |
| Repurchased | — | — | (63) | (458) |
| Net increase | 696 | $5,144 | 1,238 | $8,882 |
| Class R5 shares | ||||
| Sold | 65,858 | $475,023 | 7,622 | $55,912 |
| Distributions reinvested | 5,530 | 40,981 | 22,252 | 154,650 |
| Repurchased | (162,958) | (1,165,182) | (49,048) | (358,288) |
| Net decrease | (91,570) | $(649,178) | (19,174) | $(147,726) |
| Class R6 shares | ||||
| Sold | 55,982 | $409,689 | 331,171 | $2,427,575 |
| Distributions reinvested | 55,569 | 412,322 | 133,216 | 927,181 |
| Repurchased | (143,596) | (1,045,460) | (354,035) | (2,603,022) |
| Net increase (decrease) | (32,045) | $(223,449) | 110,352 | $751,734 |
| Class 1 shares | ||||
| Sold | 599,246 | $4,408,250 | 1,979,153 | $14,579,582 |
| Distributions reinvested | 406,295 | 3,014,709 | 1,176,581 | 8,189,002 |
| Repurchased | (1,582,668) | (11,550,698) | (3,794,967) | (27,848,462) |
| Net decrease | (577,127) | $(4,127,739) | (639,233) | $(5,079,878) |
| Total net decrease | (922,417) | $(6,601,525) | (681,881) | $(5,693,384) |
Affiliates of the Trust owned
shares of the following classes of the portfolios on February 29, 2024. Such concentration of shareholders’ capital could have a material effect on the portfolios if such shareholders redeem from the
portfolios.
| 80 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Portfolio | Class | % by Class |
| Multimanager 2065 Lifetime Portfolio | Class I | 39% |
| Multimanager 2065 Lifetime Portfolio | Class R2 | 97% |
| Multimanager 2065 Lifetime Portfolio | Class R4 | 99% |
| Multimanager 2065 Lifetime Portfolio | Class R5 | 20% |
| Multimanager 2065 Lifetime Portfolio | Class R6 | 10% |
| Multimanager 2065 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2060 Lifetime Portfolio | Class I | 30% |
| Multimanager 2060 Lifetime Portfolio | Class R4 | 74% |
| Multimanager 2060 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2055 Lifetime Portfolio | Class I | 7% |
| Multimanager 2055 Lifetime Portfolio | Class R4 | 94% |
| Multimanager 2055 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2050 Lifetime Portfolio | Class I | 5% |
| Multimanager 2050 Lifetime Portfolio | Class R6 | 1% |
| Multimanager 2050 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2045 Lifetime Portfolio | Class R6 | 1% |
| Multimanager 2045 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2040 Lifetime Portfolio | Class R6 | 1% |
| Multimanager 2040 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2035 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2030 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2025 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2020 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2015 Lifetime Portfolio | Class R4 | 100% |
| Multimanager 2015 Lifetime Portfolio | Class 1 | 100% |
| Multimanager 2010 Lifetime Portfolio | Class R6 | 1% |
| Multimanager 2010 Lifetime Portfolio | Class 1 | 100% |
Note 6—Purchase and sale of securities
Purchases and sales of securities,
other than short-term investments, amounted to the following for the six months ended February 29, 2024:
| Purchases | Sales | |||
| Portfolio | U.S. Government | Other issuers | U.S. Government | Other issuers |
| Multimanager 2065 Lifetime Portfolio | $573,295 | $20,302,307 | $226,644 | $5,225,510 |
| Multimanager 2060 Lifetime Portfolio | 1,661,369 | 36,142,280 | 1,040,339 | 14,818,933 |
| Multimanager 2055 Lifetime Portfolio | 2,219,719 | 41,047,370 | 1,577,975 | 23,978,573 |
| Multimanager 2050 Lifetime Portfolio | 3,124,424 | 52,721,282 | 2,454,333 | 42,706,823 |
| Multimanager 2045 Lifetime Portfolio | 5,153,373 | 73,956,936 | 4,763,620 | 75,677,285 |
| Multimanager 2040 Lifetime Portfolio | 5,919,685 | 74,525,971 | 8,842,388 | 91,554,141 |
| Multimanager 2035 Lifetime Portfolio | 9,017,091 | 85,577,661 | 13,035,192 | 96,938,549 |
| Multimanager 2030 Lifetime Portfolio | 17,918,899 | 89,574,515 | 19,756,749 | 123,867,498 |
| Multimanager 2025 Lifetime Portfolio | 15,045,292 | 65,569,042 | 19,018,472 | 120,712,265 |
| Multimanager 2020 Lifetime Portfolio | 8,597,451 | 31,456,086 | 11,305,491 | 76,324,928 |
| Multimanager 2015 Lifetime Portfolio | 3,770,183 | 11,568,929 | 4,212,589 | 18,466,733 |
| Multimanager 2010 Lifetime Portfolio | 2,890,891 | 10,576,056 | 3,268,656 | 18,513,173 |
Note 7—Investment in affiliated underlying funds
The portfolios invest primarily in
affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the
portfolios’ investment may represent a significant portion of each affiliated underlying funds’ net assets. At February 29, 2024, the following portfolios held 5% or more of the net assets of the
affiliated underlying funds shown below:
| Portfolio | Affiliated Class NAV | Percentage of underlying fund net assets |
| Multimanager 2030 Lifetime Portfolio | JHF Diversified Real Assets Fund | 6.5% |
| JHF II Core Bond Fund | 5.2% | |
| Multimanager 2025 Lifetime Portfolio | JHF Diversified Real Assets Fund | 6.3% |
| JHF II Core Bond Fund | 5.1% |
Information regarding the
portfolios’ fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 81 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Multimanager 2065 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 83,043 | $3,199,965 | $1,183,948 | $(571,589) | $(150,339) | $777,476 | — | $123,346 | $4,439,461 |
| Bond | — | 383,111 | 18,081 | (397,262) | (6,906) | 2,976 | $676 | — | — |
| Capital Appreciation | 197,951 | 2,220,546 | 839,122 | (417,839) | (24,623) | 478,749 | — | 147,854 | 3,095,955 |
| Capital Appreciation Value | 215,589 | 1,487,526 | 572,943 | (94,361) | (14,703) | 88,068 | 40,163 | 29,546 | 2,039,473 |
| Disciplined Value | 151,972 | 2,606,631 | 1,004,095 | (186,829) | (26,123) | 165,969 | 35,131 | 177,604 | 3,563,743 |
| Disciplined Value International | 241,641 | 2,562,607 | 1,165,415 | (182,971) | (2,764) | (28,825) | 61,419 | 148,839 | 3,513,462 |
| Emerging Markets Debt | 55,053 | 324,844 | 172,314 | (97,031) | (590) | 16,116 | 11,547 | — | 415,653 |
| Emerging Markets Equity | 511,513 | 4,000,094 | 521,464 | — | — | 97,402 | 71,464 | — | 4,618,960 |
| Equity Income | 255,255 | 3,528,781 | 1,531,090 | (295,704) | (59,726) | 216,885 | 45,812 | 239,047 | 4,921,326 |
| Financial Industries | 44,472 | 516,572 | 174,557 | (53,180) | (14,804) | 87,970 | 13,105 | 774 | 711,115 |
| Fundamental Large Cap Core | 44,242 | 2,219,883 | 815,882 | (131,823) | (27,570) | 196,678 | 14,696 | 150,139 | 3,073,050 |
| Health Sciences | 185,263 | 675,623 | 274,399 | (62,194) | (4,913) | 43,398 | — | 55,354 | 926,313 |
| High Yield | 141,581 | 309,709 | 274,660 | (165,637) | 2,906 | 4,520 | 10,929 | — | 426,158 |
| International Dynamic Growth | 119,796 | 1,037,149 | 249,648 | (83,092) | (24,112) | 242,390 | 4,123 | — | 1,421,983 |
| International Growth | 61,322 | 1,147,627 | 416,567 | (77,657) | (26,761) | 113,756 | 37,397 | — | 1,573,532 |
| International Small Company | 132,887 | 1,001,220 | 404,242 | (63,789) | (18,917) | 49,966 | 33,766 | — | 1,372,722 |
| International Strategic Equity Allocation | 1,051,544 | 7,496,446 | 2,805,683 | (548,415) | (51,474) | 445,156 | 284,748 | — | 10,147,396 |
| John Hancock Collateral Trust | 15,605 | 112,190 | 164,641 | (123,004) | 2,187 | 42 | 3,482 | — | 156,056 |
| Mid Cap Growth | 235,541 | 2,743,755 | 731,737 | (204,467) | (57,788) | 545,993 | — | — | 3,759,230 |
| Mid Value | 282,599 | 3,446,493 | 1,420,513 | (268,575) | (51,457) | 197,870 | 49,390 | 332,260 | 4,744,844 |
| Science & Technology | 358,091 | 518,889 | 168,818 | (90,436) | 20,008 | 106,064 | — | — | 723,343 |
| Short Duration Bond | 109,533 | 709,566 | 747,497 | (445,702) | 3,166 | 846 | 16,339 | — | 1,015,373 |
| Small Cap Dynamic Growth | 47,132 | 535,829 | 149,339 | (35,292) | (14,457) | 108,329 | — | — | 743,748 |
| Small Cap Value | 50,393 | 622,301 | 320,732 | (63,404) | (19,068) | (6,401) | 5,881 | 70,716 | 854,160 |
| 82 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| U.S. Sector Rotation | 1,216,865 | $8,992,666 | $3,179,723 | $(424,091) | $(13,374) | $1,382,886 | $146,695 | — | $13,117,810 |
| $(582,202) | $5,334,279 | $886,763 | $1,475,479 | $71,374,866 | |||||
| Multimanager 2060 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 303,963 | $12,863,067 | $1,550,186 | $(546,195) | $(43,633) | $2,426,459 | — | $463,139 | $16,249,884 |
| Bond | — | 1,555,591 | 55,307 | (1,587,534) | (50,204) | 26,840 | $2,975 | — | — |
| Capital Appreciation | 726,031 | 8,948,313 | 1,211,747 | (527,571) | (72,709) | 1,795,339 | — | 557,036 | 11,355,119 |
| Capital Appreciation Value | 770,201 | 6,294,595 | 981,243 | (252,521) | (69,122) | 331,910 | 153,484 | 112,911 | 7,286,105 |
| Disciplined Value | 542,927 | 11,329,507 | 1,538,748 | (627,910) | (66,467) | 557,749 | 134,111 | 677,997 | 12,731,627 |
| Disciplined Value International | 863,273 | 10,736,314 | 2,358,893 | (392,203) | (3,470) | (147,537) | 234,339 | 567,886 | 12,551,997 |
| Emerging Markets Debt | 205,523 | 1,318,258 | 571,207 | (389,896) | (5,683) | 57,813 | 43,280 | — | 1,551,699 |
| Emerging Markets Equity | 1,931,085 | 16,822,239 | 287,497 | — | — | 327,960 | 287,497 | — | 17,437,696 |
| Equity Income | 913,521 | 15,475,915 | 2,605,248 | (1,014,908) | (207,913) | 754,334 | 182,016 | 912,069 | 17,612,676 |
| Financial Industries | 159,176 | 2,166,428 | 274,804 | (168,481) | (41,013) | 313,490 | 50,578 | 2,986 | 2,545,228 |
| Fundamental Large Cap Core | 158,366 | 9,348,398 | 1,418,254 | (392,015) | (84,566) | 710,013 | 56,490 | 577,131 | 11,000,084 |
| Health Sciences | 661,859 | 2,830,594 | 562,166 | (215,349) | (35,423) | 167,305 | — | 211,908 | 3,309,293 |
| High Yield | 485,836 | 1,252,270 | 820,100 | (635,348) | 6,072 | 19,273 | 40,395 | — | 1,462,367 |
| International Dynamic Growth | 447,878 | 4,345,246 | 379,245 | (228,298) | (75,471) | 895,594 | 15,795 | — | 5,316,316 |
| International Growth | 219,077 | 4,808,103 | 622,891 | (120,724) | (51,503) | 362,743 | 142,685 | — | 5,621,510 |
| International Small Company | 474,744 | 4,203,325 | 750,726 | (151,964) | (32,648) | 134,670 | 128,694 | — | 4,904,109 |
| International Strategic Equity Allocation | 3,756,685 | 31,407,154 | 4,631,126 | (1,159,695) | (112,248) | 1,485,677 | 1,086,436 | — | 36,252,014 |
| John Hancock Collateral Trust | 54,886 | 534,537 | 179,958 | (165,821) | 29 | 181 | 15,138 | — | 548,884 |
| Mid Cap Growth | 861,085 | 11,570,053 | 1,126,740 | (738,376) | (448,749) | 2,233,252 | — | — | 13,742,920 |
| Mid Value | 1,011,482 | 14,513,915 | 2,960,566 | (960,924) | (181,526) | 650,752 | 190,682 | 1,282,780 | 16,982,783 |
| Science & Technology | 1,295,464 | 2,196,027 | 234,379 | (280,348) | 6,749 | 460,030 | — | — | 2,616,837 |
| Short Duration Bond | 375,706 | 2,863,480 | 2,405,120 | (1,796,403) | 12,208 | (1,611) | 59,513 | — | 3,482,794 |
| Small Cap Dynamic Growth | 177,774 | 2,257,202 | 307,105 | (101,196) | (47,318) | 389,473 | — | — | 2,805,266 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 83 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Small Cap Value | 180,375 | $2,614,019 | $842,081 | $(293,090) | $(89,330) | $(16,328) | $22,539 | $271,030 | $3,057,352 |
| U.S. Sector Rotation | 4,390,172 | 37,870,026 | 5,648,927 | (1,341,099) | (38,010) | 5,186,211 | 561,583 | — | 47,326,055 |
| $(1,731,948) | $19,121,592 | $3,408,230 | $5,636,873 | $257,750,615 | |||||
| Multimanager 2055 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 440,059 | $19,204,466 | $1,639,254 | $(758,236) | $(53,963) | $3,494,029 | — | $673,278 | $23,525,550 |
| Bond | — | 2,315,156 | 65,935 | (2,359,969) | (64,093) | 42,971 | $3,496 | — | — |
| Capital Appreciation | 1,046,217 | 13,330,639 | 1,353,622 | (806,600) | (112,446) | 2,597,620 | — | 810,707 | 16,362,835 |
| Capital Appreciation Value | 1,101,453 | 9,453,117 | 1,103,554 | (507,536) | (134,796) | 505,409 | 223,481 | 164,405 | 10,419,748 |
| Disciplined Value | 776,431 | 17,191,974 | 1,877,480 | (1,546,636) | (115,001) | 799,491 | 195,272 | 987,201 | 18,207,308 |
| Disciplined Value International | 1,234,554 | 16,019,941 | 2,892,910 | (719,679) | 3,313 | (246,064) | 340,890 | 826,098 | 17,950,421 |
| Emerging Markets Debt | 296,311 | 1,959,339 | 895,650 | (690,020) | (12,443) | 84,625 | 62,171 | — | 2,237,151 |
| Emerging Markets Equity | 2,844,895 | 25,150,198 | 424,784 | (348,519) | (271,283) | 734,223 | 424,785 | — | 25,689,403 |
| Equity Income | 1,304,111 | 23,406,956 | 3,176,940 | (2,184,213) | (403,416) | 1,146,987 | 267,934 | 1,325,231 | 25,143,254 |
| Financial Industries | 227,216 | 3,242,340 | 217,532 | (219,046) | (39,549) | 431,912 | 73,548 | 4,342 | 3,633,189 |
| Fundamental Large Cap Core | 225,838 | 13,966,436 | 1,304,343 | (479,811) | (95,772) | 991,505 | 82,412 | 841,960 | 15,686,701 |
| Health Sciences | 946,514 | 4,228,841 | 601,985 | (285,541) | (44,228) | 231,513 | — | 308,596 | 4,732,570 |
| High Yield | 686,435 | 1,861,372 | 999,495 | (829,146) | 6,657 | 27,793 | 57,762 | — | 2,066,171 |
| International Dynamic Growth | 641,169 | 6,473,975 | 366,577 | (412,081) | (102,809) | 1,285,015 | 22,999 | — | 7,610,677 |
| International Growth | 313,298 | 7,160,954 | 633,847 | (198,523) | (78,524) | 521,483 | 207,176 | — | 8,039,237 |
| International Small Company | 678,925 | 6,282,502 | 865,896 | (273,179) | (49,543) | 187,616 | 187,581 | — | 7,013,292 |
| International Strategic Equity Allocation | 5,372,379 | 46,782,751 | 4,854,361 | (1,730,313) | (165,364) | 2,102,025 | 1,581,043 | — | 51,843,460 |
| John Hancock Collateral Trust | 71,329 | 727,201 | 208,645 | (222,806) | 62 | 218 | 19,930 | — | 713,320 |
| Mid Cap Growth | 1,238,760 | 17,227,621 | 979,903 | (986,042) | (577,213) | 3,126,346 | — | — | 19,770,615 |
| Mid Value | 1,443,841 | 21,656,644 | 3,662,246 | (1,719,401) | (337,967) | 980,570 | 277,233 | 1,865,034 | 24,242,092 |
| Science & Technology | 1,851,524 | 3,278,499 | 197,045 | (404,574) | (3,174) | 672,283 | — | — | 3,740,079 |
| Short Duration Bond | 530,375 | 4,277,238 | 3,476,183 | (2,851,669) | 24,948 | (10,125) | 84,753 | — | 4,916,575 |
| 84 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Small Cap Dynamic Growth | 247,336 | $3,371,811 | $265,837 | $(215,873) | $(83,416) | $564,598 | — | — | $3,902,957 |
| Small Cap Value | 257,525 | 3,911,663 | 952,117 | (337,598) | (98,439) | (62,698) | $32,808 | $394,518 | 4,365,045 |
| U.S. Sector Rotation | 6,373,462 | 56,762,526 | 6,365,184 | (1,851,151) | (90,905) | 7,520,263 | 817,696 | — | 68,705,917 |
| $(2,899,364) | $27,729,608 | $4,962,970 | $8,201,370 | $370,517,567 | |||||
| Multimanager 2050 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 656,288 | $29,744,573 | $2,007,629 | $(1,876,697) | $15,053 | $5,194,596 | — | $1,027,710 | $35,085,154 |
| Bond | — | 3,515,218 | 99,837 | (3,569,012) | (116,633) | 70,590 | $6,107 | — | — |
| Capital Appreciation | 1,560,267 | 20,579,184 | 1,908,019 | (1,850,245) | (263,517) | 4,029,142 | — | 1,238,692 | 24,402,583 |
| Capital Appreciation Value | 1,633,930 | 14,590,200 | 1,309,352 | (991,253) | (252,237) | 800,913 | 340,562 | 250,536 | 15,456,975 |
| Disciplined Value | 1,163,582 | 26,393,247 | 2,661,222 | (2,762,852) | (122,196) | 1,116,585 | 297,496 | 1,503,990 | 27,286,006 |
| Disciplined Value International | 1,831,068 | 24,708,193 | 3,630,227 | (1,320,329) | 17,081 | (411,439) | 519,958 | 1,260,043 | 26,623,733 |
| Emerging Markets Debt | 445,619 | 2,943,634 | 1,275,308 | (960,503) | (39,039) | 145,023 | 94,140 | — | 3,364,423 |
| Emerging Markets Equity | 4,298,486 | 38,772,726 | 649,118 | (1,295,681) | (944,979) | 1,634,142 | 649,118 | — | 38,815,326 |
| Equity Income | 1,947,169 | 35,680,809 | 4,499,039 | (3,695,914) | (462,897) | 1,520,383 | 409,860 | 2,023,211 | 37,541,420 |
| Financial Industries | 339,371 | 4,966,783 | 229,200 | (361,170) | (37,136) | 628,861 | 111,787 | 6,599 | 5,426,538 |
| Fundamental Large Cap Core | 340,000 | 21,672,320 | 1,765,990 | (1,165,534) | (222,019) | 1,565,628 | 125,092 | 1,277,990 | 23,616,385 |
| Health Sciences | 1,420,139 | 6,568,934 | 765,236 | (507,515) | (66,155) | 340,197 | — | 470,483 | 7,100,697 |
| High Yield | 994,229 | 2,796,452 | 1,404,285 | (1,261,443) | 13,533 | 39,801 | 87,261 | — | 2,992,628 |
| International Dynamic Growth | 947,684 | 9,995,321 | 502,923 | (1,031,960) | (219,749) | 2,002,475 | 35,050 | — | 11,249,010 |
| International Growth | 468,552 | 10,969,518 | 728,874 | (346,805) | (90,037) | 761,498 | 316,595 | — | 12,023,048 |
| International Small Company | 1,008,025 | 9,643,555 | 985,974 | (425,581) | (64,044) | 272,992 | 285,951 | — | 10,412,896 |
| International Strategic Equity Allocation | 7,968,213 | 71,664,766 | 5,157,747 | (2,873,529) | (230,101) | 3,174,376 | 2,410,617 | — | 76,893,259 |
| John Hancock Collateral Trust | 86,625 | 973,642 | 246,337 | (354,061) | 94 | 274 | 25,276 | — | 866,286 |
| Mid Cap Growth | 1,848,373 | 26,536,001 | 1,402,584 | (2,272,441) | (1,280,409) | 5,114,296 | — | — | 29,500,031 |
| Mid Value | 2,156,560 | 33,162,528 | 4,559,367 | (2,450,933) | (449,108) | 1,386,784 | 421,160 | 2,833,279 | 36,208,638 |
| Science & Technology | 2,751,767 | 5,050,454 | 295,360 | (797,938) | (21,656) | 1,032,350 | — | — | 5,558,570 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 85 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Short Duration Bond | 768,322 | $6,425,953 | $4,626,208 | $(3,949,220) | $26,582 | $(7,180) | $127,075 | — | $7,122,343 |
| Small Cap Dynamic Growth | 366,188 | 5,150,524 | 397,875 | (487,236) | (164,130) | 881,413 | — | — | 5,778,446 |
| Small Cap Value | 383,355 | 6,026,654 | 1,241,066 | (518,611) | (135,584) | (115,659) | 49,901 | $600,056 | 6,497,866 |
| U.S. Sector Rotation | 9,630,611 | 87,959,137 | 8,490,658 | (3,867,788) | (142,435) | 11,378,414 | 1,246,066 | — | 103,817,986 |
| $(5,251,718) | $42,556,455 | $7,559,072 | $12,492,589 | $553,640,247 | |||||
| Multimanager 2045 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 942,100 | $44,532,104 | $1,978,127 | $(3,698,265) | $242,126 | $7,310,564 | — | $1,498,233 | $50,364,656 |
| Bond | 1,711,791 | 17,616,953 | 13,850,446 | (8,459,754) | (595,422) | 440,182 | $339,890 | — | 22,852,405 |
| Capital Appreciation | 2,239,543 | 30,648,014 | 2,633,487 | (3,729,199) | (490,452) | 5,964,600 | — | 1,799,310 | 35,026,450 |
| Capital Appreciation Value | 2,490,610 | 22,411,770 | 1,689,621 | (1,377,043) | (221,203) | 1,058,024 | 517,509 | 380,707 | 23,561,169 |
| Disciplined Value | 1,682,700 | 38,686,493 | 3,320,135 | (4,015,905) | 131,208 | 1,337,379 | 425,166 | 2,149,428 | 39,459,310 |
| Disciplined Value International | 2,709,733 | 38,233,440 | 3,987,772 | (2,214,234) | (45,650) | (561,815) | 778,845 | 1,887,421 | 39,399,513 |
| Diversified Real Assets | 880,508 | 8,225,408 | 2,390,517 | (541,051) | (34,516) | (152,257) | 219,334 | — | 9,888,101 |
| Emerging Markets Debt | 1,215,221 | 11,540,321 | 907,068 | (3,667,423) | (550,545) | 945,494 | 310,834 | — | 9,174,915 |
| Emerging Markets Equity | 5,854,913 | 54,150,969 | 892,568 | (3,095,349) | (1,339,049) | 2,260,729 | 892,568 | — | 52,869,868 |
| Equity Income | 2,757,843 | 53,192,844 | 4,666,089 | (6,190,913) | (294,678) | 1,797,878 | 595,181 | 2,888,209 | 53,171,220 |
| Financial Industries | 491,769 | 7,408,017 | 249,682 | (656,372) | (27,311) | 889,372 | 163,367 | 9,644 | 7,863,388 |
| Fundamental Large Cap Core | 486,373 | 31,973,097 | 2,156,205 | (2,246,174) | 327,188 | 1,573,167 | 179,356 | 1,832,375 | 33,783,483 |
| Health Sciences | 2,124,811 | 9,906,087 | 1,178,301 | (871,198) | (37,914) | 448,778 | — | 696,421 | 10,624,054 |
| High Yield | 2,251,091 | 6,762,363 | 1,321,797 | (1,429,161) | (155,575) | 276,360 | 205,711 | — | 6,775,784 |
| International Dynamic Growth | 1,422,566 | 15,310,880 | 616,946 | (1,722,984) | (300,294) | 2,981,315 | 52,573 | — | 16,885,863 |
| International Growth | 711,556 | 16,892,696 | 885,992 | (529,224) | (42,380) | 1,051,446 | 474,612 | — | 18,258,530 |
| International Small Company | 1,497,579 | 14,961,827 | 831,785 | (622,921) | (21,959) | 321,264 | 434,335 | — | 15,469,996 |
| International Strategic Equity Allocation | 11,818,793 | 108,374,220 | 6,047,040 | (4,667,663) | (451,810) | 4,749,566 | 3,559,112 | — | 114,051,353 |
| John Hancock Collateral Trust | 214,021 | 2,275,967 | 392,335 | (528,858) | 21 | 828 | 59,711 | — | 2,140,293 |
| Mid Cap Growth | 2,571,508 | 38,062,513 | 2,116,491 | (4,455,524) | (2,124,098) | 7,441,889 | — | — | 41,041,271 |
| 86 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Mid Value | 3,015,339 | $47,963,224 | $5,536,150 | $(4,168,292) | $156,430 | $1,140,030 | $585,588 | $3,939,437 | $50,627,542 |
| Science & Technology | 4,063,193 | 7,551,448 | 486,200 | (1,311,053) | (157,807) | 1,638,862 | — | — | 8,207,650 |
| Short Duration Bond | 1,094,803 | 9,652,306 | 3,292,970 | (2,852,811) | 13,586 | 42,770 | 220,765 | — | 10,148,821 |
| Small Cap Dynamic Growth | 496,216 | 7,262,102 | 474,825 | (868,814) | (124,005) | 1,086,174 | — | — | 7,830,282 |
| Small Cap Value | 510,863 | 8,438,691 | 1,469,802 | (902,625) | 53,806 | (400,547) | 67,416 | 810,669 | 8,659,127 |
| U.S. Sector Rotation | 13,865,701 | 131,800,722 | 8,618,817 | (7,255,138) | (239,661) | 16,547,516 | 1,815,989 | — | 149,472,256 |
| $(6,329,964) | $60,189,568 | $11,897,862 | $17,891,854 | $837,607,300 | |||||
| Multimanager 2040 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 859,629 | $41,606,656 | $1,814,536 | $(4,431,955) | $430,251 | $6,536,264 | — | $1,376,264 | $45,955,752 |
| Bond | 3,009,225 | 34,215,819 | 11,307,837 | (5,406,157) | (1,330,026) | 1,385,674 | $773,895 | — | 40,173,147 |
| Capital Appreciation | 2,041,948 | 28,691,199 | 2,324,901 | (4,146,226) | (346,521) | 5,412,712 | — | 1,643,065 | 31,936,065 |
| Capital Appreciation Value | 2,309,184 | 21,443,872 | 1,202,004 | (1,569,387) | (270,431) | 1,038,824 | 486,734 | 358,068 | 21,844,882 |
| Core Bond | 2,496,492 | 22,032,479 | 9,359,430 | (4,136,454) | (797,568) | 678,983 | 484,137 | — | 27,136,870 |
| Disciplined Value | 1,528,495 | 36,009,758 | 3,265,777 | (4,711,008) | 147,681 | 1,130,993 | 389,623 | 1,969,743 | 35,843,201 |
| Disciplined Value International | 2,590,524 | 38,000,548 | 3,084,785 | (2,808,021) | (29,211) | (581,875) | 760,092 | 1,841,974 | 37,666,226 |
| Diversified Real Assets | 2,111,255 | 22,671,612 | 3,319,848 | (1,841,514) | (48,656) | (391,899) | 564,212 | — | 23,709,391 |
| Emerging Markets Debt | 2,344,695 | 18,664,152 | 1,147,516 | (2,750,209) | (776,564) | 1,417,553 | 538,814 | — | 17,702,448 |
| Emerging Markets Equity | 5,048,633 | 47,316,286 | 779,218 | (3,305,928) | (1,253,715) | 2,053,299 | 779,218 | — | 45,589,160 |
| Equity Income | 2,524,871 | 49,599,364 | 4,990,278 | (7,220,488) | (177,653) | 1,488,016 | 547,557 | 2,645,078 | 48,679,517 |
| Financial Industries | 500,178 | 7,633,489 | 287,493 | (801,948) | (27,023) | 905,839 | 167,378 | 9,880 | 7,997,850 |
| Fundamental Global Franchise | 224,420 | 3,108,390 | 206,642 | (792,403) | 44,633 | 29,275 | 15,401 | 157,308 | 2,596,537 |
| Fundamental Large Cap Core | 368,744 | 24,739,483 | 1,762,917 | (2,336,606) | 492,685 | 954,448 | 138,367 | 1,413,619 | 25,612,927 |
| Global Equity | 204,483 | 3,087,179 | 86,946 | (810,398) | 136,619 | 82,279 | 35,708 | 39,836 | 2,582,625 |
| Health Sciences | 2,180,647 | 10,463,849 | 1,009,086 | (965,498) | (57,717) | 453,515 | — | 726,850 | 10,903,235 |
| High Yield | 4,103,633 | 13,405,390 | 1,428,848 | (2,717,346) | (408,358) | 643,402 | 401,806 | — | 12,351,936 |
| International Dynamic Growth | 1,407,304 | 15,505,131 | 580,815 | (2,027,166) | (412,673) | 3,058,596 | 52,533 | — | 16,704,703 |
| International Growth | 684,375 | 16,602,046 | 662,984 | (680,521) | (35,083) | 1,011,630 | 464,268 | — | 17,561,056 |
| International Small Company | 1,532,738 | 15,868,237 | 646,540 | (990,942) | (4,461) | 313,810 | 455,151 | — | 15,833,184 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 87 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| International Strategic Equity Allocation | 11,406,822 | $107,109,537 | $3,935,292 | $(5,160,696) | $(450,140) | $4,641,835 | $3,478,490 | — | $110,075,828 |
| John Hancock Collateral Trust | 188,280 | 2,107,588 | 364,189 | (589,674) | 62 | 713 | 53,975 | — | 1,882,878 |
| Mid Cap Growth | 2,247,729 | 33,965,367 | 1,811,456 | (4,594,688) | (1,500,842) | 6,192,469 | — | — | 35,873,762 |
| Mid Value | 2,633,828 | 43,103,977 | 4,506,402 | (4,509,878) | 263,191 | 858,272 | 517,371 | $3,480,519 | 44,221,964 |
| Science & Technology | 4,108,485 | 7,770,512 | 481,444 | (1,458,136) | (158,473) | 1,663,792 | — | — | 8,299,139 |
| Short Duration Bond | 1,031,382 | 11,152,200 | 2,142,794 | (3,802,392) | 25,096 | 43,218 | 242,003 | — | 9,560,916 |
| Small Cap Dynamic Growth | 402,489 | 5,978,300 | 345,624 | (752,729) | (82,820) | 862,908 | — | — | 6,351,283 |
| Small Cap Value | 409,943 | 7,058,368 | 975,335 | (796,936) | 52,432 | (340,673) | 55,198 | 663,754 | 6,948,526 |
| Strategic Income Opportunities | 382,557 | 4,547,017 | 501,234 | (1,313,755) | (82,958) | 131,946 | 63,661 | — | 3,783,484 |
| U.S. Sector Rotation | 13,504,329 | 131,401,432 | 8,359,341 | (10,077,424) | (279,832) | 16,173,152 | 1,789,692 | — | 145,576,669 |
| $(6,938,075) | $57,848,970 | $13,255,284 | $16,325,958 | $860,955,161 | |||||
| Multimanager 2035 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 828,948 | $41,556,348 | $1,685,993 | $(5,740,879) | $785,364 | $6,028,758 | — | $1,348,323 | $44,315,584 |
| Bond | 5,775,515 | 68,509,406 | 14,208,550 | (5,805,134) | (1,588,250) | 1,778,556 | $1,550,410 | — | 77,103,128 |
| Capital Appreciation | 1,970,548 | 28,774,474 | 2,111,782 | (4,999,459) | (97,467) | 5,030,039 | — | 1,613,363 | 30,819,369 |
| Capital Appreciation Value | 3,941,187 | 34,264,616 | 3,404,979 | (1,696,352) | (332,379) | 1,642,768 | 808,362 | 594,675 | 37,283,632 |
| Core Bond | 5,616,443 | 52,512,132 | 13,629,146 | (4,869,775) | (1,111,702) | 890,938 | 1,207,856 | — | 61,050,739 |
| Disciplined Value | 1,507,114 | 35,208,314 | 2,621,723 | (3,838,383) | 206,768 | 1,143,412 | 384,968 | 1,946,206 | 35,341,834 |
| Disciplined Value International | 2,918,691 | 41,815,828 | 3,321,202 | (2,061,848) | (11,223) | (626,186) | 846,475 | 2,051,312 | 42,437,773 |
| Diversified Real Assets | 3,970,029 | 42,333,353 | 4,904,403 | (1,829,593) | (42,342) | (782,401) | 1,059,980 | — | 44,583,420 |
| Emerging Markets Debt | 4,291,272 | 30,913,616 | 2,704,836 | (2,297,582) | (750,612) | 1,828,845 | 928,722 | — | 32,399,103 |
| Emerging Markets Equity | 5,029,274 | 45,832,871 | 758,937 | (1,964,326) | (789,546) | 1,576,410 | 758,937 | — | 45,414,346 |
| Equity Income | 2,485,501 | 48,471,698 | 3,729,148 | (5,683,842) | (69,462) | 1,472,921 | 539,621 | 2,612,485 | 47,920,463 |
| Financial Industries | 555,400 | 8,404,512 | 273,447 | (769,469) | (29,013) | 1,001,376 | 183,809 | 10,850 | 8,880,853 |
| Fundamental Global Franchise | 421,013 | 5,114,927 | 326,493 | (684,242) | 74,188 | 39,758 | 29,112 | 297,357 | 4,871,124 |
| Fundamental Large Cap Core | 317,157 | 21,286,268 | 1,449,542 | (2,005,407) | 536,206 | 763,088 | 118,445 | 1,210,090 | 22,029,697 |
| Global Equity | 503,453 | 6,461,128 | 225,560 | (825,464) | 97,582 | 399,806 | 86,890 | 96,934 | 6,358,612 |
| 88 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Health Sciences | 2,123,050 | $10,211,863 | $902,960 | $(898,481) | $9,515 | $389,395 | — | $711,886 | $10,615,252 |
| High Yield | 7,243,928 | 24,330,023 | 1,398,734 | (4,360,293) | (671,610) | 1,107,370 | $727,296 | — | 21,804,224 |
| International Dynamic Growth | 1,522,878 | 17,050,816 | 377,767 | (2,269,007) | (429,431) | 3,346,413 | 57,712 | — | 18,076,558 |
| International Growth | 759,758 | 18,421,305 | 619,776 | (636,926) | (20,023) | 1,111,260 | 511,484 | — | 19,495,392 |
| International Small Company | 1,662,919 | 16,933,341 | 709,007 | (805,325) | 24,824 | 316,108 | 486,313 | — | 17,177,955 |
| International Strategic Equity Allocation | 11,843,549 | 111,102,411 | 3,763,569 | (4,936,151) | (433,821) | 4,794,238 | 3,606,266 | — | 114,290,246 |
| John Hancock Collateral Trust | 163,010 | 2,000,446 | 362,478 | (733,476) | 90 | 631 | 49,111 | — | 1,630,169 |
| Mid Cap Growth | 2,153,147 | 32,512,015 | 2,205,342 | (4,927,244) | (1,078,143) | 5,652,261 | — | — | 34,364,231 |
| Mid Value | 2,575,014 | 41,379,794 | 4,409,080 | (3,682,495) | 335,363 | 792,739 | 500,031 | 3,363,866 | 43,234,481 |
| Science & Technology | 4,483,755 | 8,466,671 | 594,687 | (1,678,589) | (132,559) | 1,806,976 | — | — | 9,057,186 |
| Short Duration Bond | 1,228,355 | 14,209,658 | 1,923,372 | (4,830,540) | 34,504 | 49,859 | 300,937 | — | 11,386,853 |
| Small Cap Dynamic Growth | 347,291 | 5,186,894 | 358,589 | (746,609) | (44,382) | 725,762 | — | — | 5,480,254 |
| Small Cap Value | 361,781 | 6,088,594 | 910,729 | (618,222) | 42,353 | (291,265) | 48,077 | 578,126 | 6,132,189 |
| Strategic Income Opportunities | 878,884 | 12,195,766 | 512,126 | (4,202,105) | (195,885) | 382,260 | 173,574 | — | 8,692,162 |
| U.S. Sector Rotation | 13,106,295 | 129,251,234 | 9,220,801 | (13,018,162) | 108,398 | 15,723,593 | 1,770,712 | — | 141,285,864 |
| $(5,572,695) | $58,095,688 | $16,735,100 | $16,435,473 | $1,003,532,693 | |||||
| Multimanager 2030 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 644,027 | $33,059,201 | $1,515,535 | $(5,509,949) | $982,471 | $4,382,442 | — | $1,067,987 | $34,429,700 |
| Bond | 6,658,683 | 83,381,529 | 9,882,530 | (4,721,640) | (1,303,691) | 1,654,690 | $1,864,301 | — | 88,893,418 |
| Capital Appreciation | 1,533,756 | 22,767,524 | 2,096,922 | (4,791,249) | 489,434 | 3,425,310 | — | 1,274,997 | 23,987,941 |
| Capital Appreciation Value | 4,734,498 | 41,657,482 | 3,982,757 | (2,428,646) | (388,486) | 1,965,240 | 988,562 | 727,240 | 44,788,347 |
| Core Bond | 8,587,387 | 85,320,264 | 13,478,968 | (5,240,739) | (1,243,199) | 1,029,598 | 1,958,291 | — | 93,344,892 |
| Disciplined Value | 1,180,057 | 28,559,367 | 1,989,100 | (3,976,033) | 382,782 | 717,110 | 309,968 | 1,567,044 | 27,672,326 |
| Disciplined Value International | 2,759,695 | 40,573,279 | 2,879,147 | (2,742,984) | 45,828 | (629,303) | 813,988 | 1,972,584 | 40,125,967 |
| Diversified Real Assets | 5,908,821 | 64,630,624 | 6,455,181 | (3,547,539) | (11,970) | (1,170,239) | 1,587,738 | — | 66,356,057 |
| Emerging Markets Debt | 5,662,963 | 40,634,549 | 3,402,343 | (2,719,109) | (899,149) | 2,336,733 | 1,224,380 | — | 42,755,367 |
| Emerging Markets Equity | 3,860,906 | 36,865,236 | 596,516 | (3,252,313) | (854,108) | 1,508,654 | 596,515 | — | 34,863,985 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 89 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Equity Income | 1,969,034 | $39,373,638 | $3,038,494 | $(5,627,807) | $168,914 | $1,009,738 | $434,848 | $2,098,733 | $37,962,977 |
| Financial Industries | 528,300 | 8,058,923 | 387,347 | (942,325) | (17,925) | 961,503 | 175,958 | 10,387 | 8,447,523 |
| Floating Rate Income | 1,187,643 | 8,138,620 | 2,005,423 | (1,038,568) | (82,753) | 98,379 | 402,017 | — | 9,121,101 |
| Fundamental Global Franchise | 970,002 | 12,203,714 | 871,009 | (2,135,504) | 168,366 | 115,339 | 66,912 | 683,443 | 11,222,924 |
| Fundamental Large Cap Core | 170,684 | 11,882,902 | 914,108 | (1,660,380) | 388,634 | 330,465 | 65,452 | 668,691 | 11,855,729 |
| Global Equity | 1,267,860 | 16,798,108 | 472,425 | (2,549,674) | 93,411 | 1,198,798 | 223,306 | 249,119 | 16,013,068 |
| Health Sciences | 2,262,721 | 11,276,405 | 1,073,104 | (1,474,463) | 80,302 | 358,259 | — | 774,775 | 11,313,607 |
| High Yield | 9,477,399 | 33,040,456 | 1,497,000 | (6,602,209) | (1,009,224) | 1,600,947 | 975,280 | — | 28,526,970 |
| International Dynamic Growth | 1,436,984 | 16,638,840 | 453,488 | (2,828,331) | (576,352) | 3,369,352 | 56,031 | — | 17,056,997 |
| International Growth | 702,777 | 17,554,512 | 717,581 | (1,279,858) | 11,155 | 1,029,876 | 485,594 | — | 18,033,266 |
| International Small Company | 1,681,150 | 17,562,670 | 808,467 | (1,355,679) | 75,729 | 275,090 | 499,235 | — | 17,366,277 |
| International Strategic Equity Allocation | 11,084,435 | 106,776,029 | 3,572,489 | (7,566,672) | (495,077) | 4,678,030 | 3,431,877 | — | 106,964,799 |
| John Hancock Collateral Trust | 218,460 | 2,584,433 | 430,215 | (830,903) | 60 | 878 | 64,544 | — | 2,184,683 |
| Mid Cap Growth | 1,805,615 | 28,480,796 | 2,067,024 | (5,619,925) | (868,063) | 4,757,784 | — | — | 28,817,616 |
| Mid Value | 2,180,678 | 36,249,350 | 4,183,216 | (4,794,415) | 433,566 | 541,872 | 430,256 | 2,894,473 | 36,613,589 |
| Science & Technology | 4,189,205 | 8,195,913 | 567,626 | (1,886,778) | (159,627) | 1,745,061 | — | — | 8,462,195 |
| Short Duration Bond | 4,011,302 | 38,701,188 | 4,908,948 | (6,699,454) | (439,716) | 713,799 | 903,896 | — | 37,184,765 |
| Small Cap Value | 329,792 | 5,719,576 | 839,593 | (743,413) | 30,070 | (255,846) | 44,360 | 533,425 | 5,589,980 |
| Strategic Income Opportunities | 3,386,117 | 37,472,783 | 1,496,388 | (6,067,286) | (461,933) | 1,048,741 | 602,115 | — | 33,488,693 |
| U.S. Sector Rotation | 11,464,012 | 116,213,565 | 10,847,903 | (17,788,315) | 375,315 | 13,933,578 | 1,596,142 | — | 123,582,046 |
| $(5,085,236) | $52,731,878 | $19,801,566 | $14,522,898 | $1,067,026,805 | |||||
| Multimanager 2025 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 263,674 | $15,352,559 | $1,095,290 | $(4,709,851) | $2,530,834 | $(172,820) | — | $458,218 | $14,096,012 |
| Bond | 7,025,852 | 93,134,954 | 8,671,080 | (8,475,007) | (1,959,059) | 2,423,157 | $2,030,642 | — | 93,795,125 |
| Capital Appreciation | 626,924 | 10,682,834 | 1,039,592 | (3,647,614) | 825,273 | 905,002 | — | 547,025 | 9,805,087 |
| Capital Appreciation Value | 4,442,967 | 41,900,906 | 2,921,060 | (4,343,421) | (449,411) | 2,001,337 | 953,240 | 701,255 | 42,030,471 |
| Core Bond | 8,417,567 | 88,962,709 | 9,927,163 | (7,236,543) | (1,591,595) | 1,437,220 | 1,996,882 | — | 91,498,954 |
| Disciplined Value | 482,256 | 12,153,588 | 1,249,409 | (2,525,810) | 263,689 | 168,022 | 127,822 | 646,205 | 11,308,898 |
| 90 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Disciplined Value International | 1,700,913 | $26,006,219 | $1,755,606 | $(2,680,395) | $227,303 | $(577,463) | $506,755 | $1,228,048 | $24,731,270 |
| Diversified Real Assets | 5,723,872 | 64,991,100 | 5,114,081 | (4,649,704) | 139,575 | (1,315,975) | 1,552,822 | — | 64,279,077 |
| Emerging Markets Debt | 5,472,535 | 39,086,449 | 4,028,894 | (3,177,059) | (967,742) | 2,347,099 | 1,177,517 | — | 41,317,641 |
| Emerging Markets Equity | 1,769,028 | 17,280,851 | 280,579 | (1,892,678) | (181,827) | 487,399 | 280,579 | — | 15,974,324 |
| Equity Income | 810,372 | 16,734,268 | 1,860,985 | (3,422,808) | 581,129 | (129,594) | 180,283 | 867,513 | 15,623,980 |
| Financial Industries | 336,873 | 5,469,315 | 194,126 | (894,905) | 1,708 | 616,348 | 115,943 | 6,844 | 5,386,592 |
| Floating Rate Income | 1,613,639 | 11,978,847 | 1,822,936 | (1,428,650) | (46,485) | 66,099 | 571,285 | — | 12,392,747 |
| Fundamental Global Franchise | 1,107,009 | 14,268,319 | 967,398 | (2,724,685) | 164,929 | 132,139 | 79,777 | 814,847 | 12,808,100 |
| Fundamental Large Cap Core | 97,646 | 7,372,626 | 498,251 | (1,515,847) | 135,300 | 292,137 | 38,762 | 396,013 | 6,782,467 |
| Global Equity | 1,088,769 | 15,217,572 | 422,887 | (3,023,076) | 386,740 | 747,024 | 199,890 | 222,996 | 13,751,147 |
| Health Sciences | 1,554,978 | 8,101,306 | 762,513 | (1,386,751) | 104,128 | 193,695 | — | 546,380 | 7,774,891 |
| High Yield | 9,128,293 | 32,763,641 | 1,300,917 | (7,188,767) | (1,040,946) | 1,641,317 | 959,431 | — | 27,476,162 |
| International Dynamic Growth | 928,875 | 11,485,190 | 264,143 | (2,579,091) | (477,611) | 2,333,114 | 37,724 | — | 11,025,745 |
| International Growth | 413,633 | 10,982,310 | 384,625 | (1,379,781) | 109,359 | 517,315 | 296,188 | — | 10,613,828 |
| International Small Company | 1,065,448 | 11,522,671 | 482,364 | (1,223,237) | 198,517 | 25,760 | 318,990 | — | 11,006,075 |
| International Strategic Equity Allocation | 6,734,020 | 68,689,920 | 2,389,028 | (8,715,774) | (480,331) | 3,100,447 | 2,165,661 | — | 64,983,290 |
| John Hancock Collateral Trust | 217,908 | 2,543,441 | 1,445,276 | (1,810,416) | 302 | 568 | 63,669 | — | 2,179,171 |
| Mid Cap Growth | 979,949 | 16,495,236 | 1,119,443 | (4,136,213) | (51,125) | 2,212,652 | — | — | 15,639,993 |
| Mid Value | 1,183,527 | 20,865,027 | 2,272,770 | (3,780,893) | 472,529 | 41,990 | 243,482 | 1,637,979 | 19,871,423 |
| Science & Technology | 2,670,266 | 5,535,004 | 372,074 | (1,547,705) | (118,000) | 1,152,564 | — | — | 5,393,937 |
| Short Duration Bond | 5,011,121 | 48,614,837 | 3,882,298 | (6,400,823) | (594,605) | 951,389 | 1,139,916 | — | 46,453,096 |
| Small Cap Value | 246,119 | 4,460,772 | 598,506 | (715,831) | 62,587 | (234,310) | 33,941 | 408,135 | 4,171,724 |
| Strategic Income Opportunities | 4,096,345 | 45,064,377 | 1,085,395 | (6,368,505) | (443,697) | 1,175,285 | 733,458 | — | 40,512,855 |
| U.S. Sector Rotation | 5,743,920 | 60,705,356 | 7,519,767 | (13,782,875) | 397,514 | 7,079,699 | 840,392 | — | 61,919,461 |
| $(1,801,018) | $29,618,616 | $16,645,051 | $8,481,458 | $804,603,543 | |||||
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 91 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Multimanager 2020 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 56,936 | $3,281,171 | $192,150 | $(940,406) | $425,707 | $85,184 | — | $98,863 | $3,043,806 |
| Bond | 4,162,055 | 58,987,169 | 3,105,814 | (6,862,230) | (1,425,465) | 1,758,152 | $1,252,785 | — | 55,563,440 |
| Capital Appreciation | 135,233 | 2,286,018 | 209,376 | (754,653) | 146,346 | 227,954 | — | 118,016 | 2,115,041 |
| Capital Appreciation Value | 2,104,840 | 21,062,297 | 1,030,291 | (2,945,121) | (277,281) | 1,041,602 | 469,641 | 345,493 | 19,911,788 |
| Core Bond | 5,242,836 | 59,566,089 | 4,014,409 | (6,536,308) | (1,283,570) | 1,229,003 | 1,305,999 | — | 56,989,623 |
| Disciplined Value | 104,196 | 2,656,112 | 366,271 | (672,502) | 20,733 | 72,788 | 27,823 | 140,660 | 2,443,402 |
| Disciplined Value International | 738,945 | 11,699,435 | 917,644 | (1,712,927) | 67,498 | (227,385) | 226,382 | 548,604 | 10,744,265 |
| Diversified Real Assets | 3,033,192 | 36,555,130 | 2,956,868 | (4,803,825) | 299,847 | (945,276) | 848,924 | — | 34,062,744 |
| Emerging Markets Debt | 3,053,656 | 22,889,265 | 2,137,601 | (2,770,444) | (716,306) | 1,514,990 | 681,112 | — | 23,055,106 |
| Emerging Markets Equity | 564,752 | 5,849,633 | 90,264 | (940,799) | (34,099) | 134,712 | 90,263 | — | 5,099,711 |
| Equity Income | 174,999 | 3,659,356 | 538,926 | (919,107) | 183,724 | (88,916) | 39,308 | 188,288 | 3,373,983 |
| Financial Industries | 170,418 | 2,924,371 | 128,002 | (650,105) | 5,403 | 317,312 | 60,651 | 3,580 | 2,724,983 |
| Floating Rate Income | 1,172,458 | 9,255,436 | 1,105,465 | (1,370,867) | (5,880) | 20,327 | 431,995 | — | 9,004,481 |
| Fundamental Global Franchise | 538,167 | 7,393,786 | 520,523 | (1,852,038) | 179,268 | (14,952) | 38,595 | 394,210 | 6,226,587 |
| Fundamental Large Cap Core | 58,533 | 4,392,893 | 393,402 | (973,940) | 43,591 | 209,729 | 23,451 | 239,583 | 4,065,675 |
| Global Equity | 516,337 | 7,719,853 | 211,507 | (1,976,047) | 336,536 | 229,490 | 95,237 | 106,246 | 6,521,339 |
| Global Shareholder Yield | 329,875 | 4,034,170 | 120,892 | (665,901) | 93,718 | 62,240 | 51,039 | 59,046 | 3,645,119 |
| Health Sciences | 732,576 | 4,006,886 | 399,909 | (887,581) | 74,896 | 68,768 | — | 267,109 | 3,662,878 |
| High Yield | 5,106,336 | 19,434,227 | 665,826 | (5,085,605) | (696,771) | 1,052,393 | 559,473 | — | 15,370,070 |
| International Dynamic Growth | 430,327 | 5,536,810 | 216,544 | (1,520,533) | 88,129 | 787,031 | 17,822 | — | 5,107,981 |
| International Growth | 175,952 | 4,921,717 | 188,353 | (865,564) | (49,240) | 319,671 | 129,470 | — | 4,514,937 |
| International Small Company | 433,889 | 4,873,952 | 221,399 | (705,112) | 142,245 | (50,408) | 132,984 | — | 4,482,076 |
| International Strategic Equity Allocation | 2,841,449 | 30,624,017 | 1,096,159 | (5,423,841) | (296,321) | 1,419,971 | 942,014 | — | 27,419,985 |
| John Hancock Collateral Trust | 114,118 | 1,430,971 | 1,145,800 | (1,436,010) | 156 | 306 | 34,613 | — | 1,141,223 |
| Mid Cap Growth | 349,871 | 6,173,348 | 630,648 | (2,009,252) | 326,277 | 462,924 | — | — | 5,583,945 |
| Mid Value | 423,273 | 7,856,811 | 873,624 | (1,813,774) | 339,557 | (149,462) | 88,948 | 598,383 | 7,106,756 |
| 92 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Science & Technology | 1,349,002 | $2,924,371 | $319,139 | $(1,059,877) | $(81,564) | $622,914 | — | — | $2,724,983 |
| Short Duration Bond | 3,541,949 | 35,248,009 | 2,264,494 | (4,943,126) | (437,959) | 702,450 | $824,970 | — | 32,833,868 |
| Small Cap Value | 126,389 | 2,368,253 | 396,194 | (535,414) | 18,276 | (105,018) | 17,573 | $211,315 | 2,142,291 |
| Strategic Income Opportunities | 2,186,030 | 24,810,893 | 560,245 | (4,155,119) | (213,274) | 617,094 | 401,078 | — | 21,619,839 |
| U.S. Sector Rotation | 2,595,601 | 26,919,510 | 4,839,076 | (7,185,891) | 155,464 | 3,252,422 | 381,925 | — | 27,980,581 |
| $(2,570,359) | $14,628,010 | $9,174,075 | $3,319,396 | $410,282,506 | |||||
| Multimanager 2015 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 23,632 | $1,277,544 | $187,035 | $(420,867) | $142,614 | $77,051 | — | $40,002 | $1,263,377 |
| Bond | 1,777,065 | 24,055,532 | 1,076,286 | (1,554,909) | (335,629) | 482,537 | $523,526 | — | 23,723,817 |
| Capital Appreciation | 56,128 | 889,328 | 160,106 | (333,635) | 56,857 | 105,179 | — | 47,749 | 877,835 |
| Capital Appreciation Value | 800,091 | 7,561,821 | 395,651 | (681,670) | (46,576) | 339,636 | 173,010 | 127,276 | 7,568,862 |
| Core Bond | 2,180,416 | 23,686,633 | 1,474,173 | (1,447,640) | (300,291) | 288,244 | 528,686 | — | 23,701,119 |
| Disciplined Value | 43,246 | 1,040,417 | 179,658 | (244,904) | 6,867 | 32,084 | 11,009 | 55,656 | 1,014,122 |
| Disciplined Value International | 252,211 | 3,889,538 | 286,381 | (463,534) | 35,916 | (81,157) | 74,997 | 181,745 | 3,667,144 |
| Diversified Real Assets | 1,153,642 | 13,151,344 | 1,181,857 | (1,148,231) | 77,339 | (306,908) | 314,167 | — | 12,955,401 |
| Emerging Markets Debt | 1,232,032 | 8,680,489 | 865,603 | (566,555) | (150,471) | 472,773 | 266,677 | — | 9,301,839 |
| Emerging Markets Equity | 97,808 | 876,467 | 14,562 | (24,158) | (330) | 16,665 | 14,562 | — | 883,206 |
| Equity Income | 72,633 | 1,433,661 | 269,287 | (341,976) | 65,009 | (25,626) | 15,456 | 74,336 | 1,400,355 |
| Floating Rate Income | 580,524 | 4,351,132 | 480,758 | (380,095) | (1,926) | 8,557 | 209,699 | — | 4,458,426 |
| Fundamental Global Franchise | 171,196 | 2,254,431 | 190,962 | (521,120) | 54,301 | 2,168 | 11,958 | 122,137 | 1,980,742 |
| Fundamental Large Cap Core | 19,231 | 1,379,101 | 139,719 | (268,249) | 22,683 | 62,499 | 7,507 | 76,698 | 1,335,753 |
| Global Equity | 200,415 | 2,830,795 | 80,745 | (597,780) | 101,535 | 115,950 | 35,942 | 40,096 | 2,531,245 |
| Global Shareholder Yield | 157,243 | 1,819,045 | 58,643 | (214,651) | 28,157 | 46,338 | 23,488 | 27,394 | 1,737,532 |
| High Yield | 2,060,208 | 7,405,322 | 231,994 | (1,577,578) | (212,763) | 354,251 | 219,547 | — | 6,201,226 |
| International Dynamic Growth | 134,258 | 1,630,856 | 74,103 | (383,640) | 24,059 | 248,267 | 5,420 | — | 1,593,645 |
| International Growth | 60,037 | 1,569,642 | 59,498 | (180,877) | 6,349 | 85,928 | 42,785 | — | 1,540,540 |
| International Small Company | 123,991 | 1,315,052 | 87,818 | (149,537) | 22,323 | 5,167 | 36,831 | — | 1,280,823 |
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 93 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| International Strategic Equity Allocation | 931,475 | $9,434,723 | $396,137 | $(1,212,654) | $(61,847) | $432,377 | $299,855 | — | $8,988,736 |
| John Hancock Collateral Trust | 20,647 | 353,423 | 89,356 | (236,411) | 52 | 63 | 7,515 | — | 206,483 |
| Mid Cap Growth | 87,503 | 1,476,594 | 149,197 | (428,119) | 88,794 | 110,089 | — | — | 1,396,555 |
| Mid Value | 105,863 | 1,871,781 | 265,569 | (413,676) | 80,088 | (26,328) | 21,587 | $145,224 | 1,777,434 |
| Short Duration Bond | 1,700,848 | 15,734,061 | 925,606 | (1,018,224) | (95,048) | 220,465 | 383,888 | — | 15,766,860 |
| Strategic Income Opportunities | 874,546 | 9,350,233 | 169,915 | (1,031,580) | (47,868) | 208,560 | 156,008 | — | 8,649,260 |
| U.S. Sector Rotation | 847,631 | 8,189,876 | 1,836,371 | (2,009,088) | 53,812 | 1,066,489 | 122,064 | — | 9,137,460 |
| $(385,994) | $4,341,318 | $3,506,184 | $938,313 | $154,939,797 | |||||
| Multimanager 2010 Lifetime Portfolio | |||||||||
| Blue Chip Growth | 13,941 | $959,653 | $196,810 | $(529,457) | $36,617 | $81,678 | — | $24,184 | $745,301 |
| Bond | 1,360,230 | 19,002,554 | 1,147,778 | (2,092,313) | (417,506) | 518,560 | $405,884 | — | 18,159,073 |
| Capital Appreciation Value | 554,145 | 5,379,503 | 430,913 | (764,945) | (59,501) | 256,239 | 121,623 | 89,472 | 5,242,209 |
| Core Bond | 1,744,992 | 19,614,789 | 1,356,075 | (1,977,755) | (406,876) | 381,826 | 434,234 | — | 18,968,059 |
| Disciplined Value International | 161,508 | 2,446,508 | 276,504 | (340,206) | 20,786 | (55,262) | 48,214 | 116,839 | 2,348,330 |
| Diversified Real Assets | 833,488 | 9,768,837 | 1,134,962 | (1,374,768) | 36,388 | (205,347) | 227,790 | — | 9,360,072 |
| Emerging Markets Debt | 938,236 | 6,775,526 | 811,252 | (741,129) | (188,197) | 426,228 | 205,175 | — | 7,083,680 |
| Equity Income | 43,596 | 642,019 | 395,115 | (231,683) | 29,134 | 5,938 | 8,665 | 47,872 | 840,523 |
| Floating Rate Income | 516,526 | 4,046,133 | 479,356 | (564,797) | (3,144) | 9,370 | 190,063 | — | 3,966,918 |
| Fundamental Global Franchise | 127,690 | 1,724,395 | 184,801 | (469,359) | 37,466 | 71 | 9,165 | 93,616 | 1,477,374 |
| Fundamental Large Cap Core | 12,024 | 870,990 | 109,796 | (196,425) | 10,449 | 40,347 | 4,711 | 48,126 | 835,157 |
| Global Equity | 136,044 | 1,983,725 | 93,737 | (505,230) | 74,739 | 71,266 | 25,115 | 28,018 | 1,718,237 |
| Global Shareholder Yield | 139,385 | 1,658,228 | 68,357 | (250,703) | 27,145 | 37,173 | 21,271 | 24,576 | 1,540,200 |
| High Yield | 1,564,538 | 5,827,415 | 214,889 | (1,439,777) | (201,196) | 307,930 | 169,426 | — | 4,709,261 |
| International Dynamic Growth | 90,387 | 1,080,564 | 138,415 | (325,411) | 12,297 | 167,035 | 3,670 | — | 1,072,900 |
| International Growth | 37,859 | 978,163 | 101,309 | (163,598) | 2,856 | 52,737 | 27,115 | — | 971,467 |
| International Small Company | 59,587 | 651,256 | 54,560 | (102,782) | 10,956 | 1,544 | 17,874 | — | 615,534 |
| 94 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| International Strategic Equity Allocation | 546,159 | $6,105,310 | $352,804 | $(1,411,008) | $(74,333) | $297,663 | $180,569 | — | $5,270,436 |
| John Hancock Collateral Trust | 29,132 | 367,286 | 96,849 | (172,935) | 6 | 122 | 8,823 | — | 291,328 |
| Mid Cap Growth | 30,215 | 541,584 | 82,295 | (210,417) | 10,500 | 58,262 | — | — | 482,224 |
| Mid Value | 36,563 | 689,289 | 100,390 | (193,513) | 29,335 | (11,613) | 7,620 | $51,263 | 613,888 |
| Short Duration Bond | 1,552,779 | 14,877,328 | 1,139,315 | (1,737,637) | (155,898) | 271,155 | 355,429 | — | 14,394,263 |
| Strategic Income Opportunities | 662,378 | 7,285,408 | 174,835 | (1,028,315) | (49,345) | 168,338 | 119,651 | — | 6,550,921 |
| U.S. Sector Rotation | 448,976 | 4,228,808 | 1,290,368 | (1,259,396) | 13,543 | 566,643 | 65,350 | — | 4,839,966 |
| $(1,203,779) | $3,447,903 | $2,657,437 | $523,966 | $112,097,321 | |||||
| SEMIANNUAL REPORT | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | 95 |
More information
π Member of the Audit Committee as of September 26, 2023.
† Non-Independent Trustee
* Member of the Audit Committee
# Effective June 29, 2023.
The portfolios’ proxy voting
policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov
or on our website.
All of the portfolios’
holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The portfolios’ Form N-PORT
filings are available on our website and the SEC’s website, sec.gov.
We make this information on your
portfolio, as well as monthly portfolio holdings, and other portfolio details available on our website at jhinvestments.com or by calling 800-225-5291.
| You can also contact us: | ||
| 800-225-5291 | Regular mail: | Express mail: |
| jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
| 96 | JOHN HANCOCK MULTIMANAGER LIFETIME PORTFOLIOS | SEMIANNUAL REPORT |
John Hancock family of funds
A fund’s investment
objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial
professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
John Hancock ETF shares are bought
and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by
Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife
Investment Management (US) LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP
receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to
the advisability of investing in, John Hancock Multifactor ETFs.
A message to shareholders
John Hancock
Lifetime Blend Portfolios
Table of contents
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 1 |
Lifetime Blend Portfolios’ strategy at a
glance
A SIMPLE, STRATEGIC PATH TO HELP
YOU REACH YOUR RETIREMENT GOALS
Lifetime Blend Portfolios make
diversification easy because the asset mix of each portfolio automatically changes over time.
Portfolios with dates further off
initially invest more aggressively in stock funds.
As a portfolio approaches its
target date,1 the allocation will gradually migrate to more conservative fixed-income funds.
Once the target date is reached,
the allocation will continue to become increasingly conservative until it reaches the end of its glide path, investing primarily in fixed-income funds.
JOHN HANCOCK LIFETIME BLEND
PORTFOLIOS—AUTOMATICALLY ADJUST OVER TIME2
The chart below illustrates how the
asset allocation mix of John Hancock Lifetime Blend Portfolios adjusts over time.
The principal value of each portfolio
is not guaranteed and you could lose money at any time, including at or after the target date.
1 Based on an estimated retirement date.
2 Allocations may vary as a result of market activity or cash allocations held during unusual market or economic conditions.
| 2 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Portfolio summary
2065-2010
LIFETIME BLEND PORTFOLIOS’ CLASS A SHARE RETURNS (%)
For the six
months ended 2/29/2024
Total returns for
the portfolios exclude sales charges and assume all distributions are reinvested. The deduction of a class’ maximum sales charge would reduce the performance shown above.
Past performance
does not guarantee future results.
| MARKET INDEX TOTAL RETURNS | ||
| For the six months ended 2/29/2024 | ||
| U.S. Stocks | S&P 500 Index | 13.93% |
| Russell Midcap Index | 11.53% | |
| Russell 2000 Index | 8.97% | |
| FTSE NAREIT All Equity REIT Index | 6.35% | |
| International Stocks | MSCI EAFE Index | 9.23% |
| MSCI Emerging Markets Index | 4.93% | |
| MSCI EAFE Small Cap Index | 4.87% | |
| Fixed Income | Bloomberg U.S. Aggregate Bond Index | 2.35% |
| ICE Bank of America U.S. High Yield Index | 6.15% | |
| JPMorgan Global Government Bonds Unhedged Index | 1.15% | |
Market index
total returns are included here as broad measures of market performance.
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 3 |
2065 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 54.7 |
| Equity | 52.6 |
| Large blend | 28.7 |
| International equity | 23.9 |
| Fixed income | 2.1 |
| Intermediate bond | 1.1 |
| Emerging-market debt | 0.6 |
| High yield bond | 0.4 |
| Unaffiliated investment companies | 43.3 |
| Equity | 43.3 |
| U.S. Government | 1.9 |
| Short-term investments and other | 0.1 |
2060 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 54.5 |
| Equity | 52.5 |
| Large blend | 28.6 |
| International equity | 23.9 |
| Fixed income | 2.0 |
| Intermediate bond | 1.1 |
| Emerging-market debt | 0.5 |
| High yield bond | 0.4 |
| Unaffiliated investment companies | 43.5 |
| Equity | 43.5 |
| U.S. Government | 2.0 |
2055 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 54.6 |
| Equity | 52.5 |
| Large blend | 28.6 |
| International equity | 23.9 |
| Fixed income | 2.1 |
| Intermediate bond | 1.1 |
| Emerging-market debt | 0.6 |
| High yield bond | 0.4 |
| Unaffiliated investment companies | 43.4 |
| Equity | 43.4 |
| U.S. Government | 2.0 |
2050 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 54.4 |
| Equity | 52.4 |
| Large blend | 28.6 |
| International equity | 23.8 |
| Fixed income | 2.0 |
| 4 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| ASSET ALLOCATION (% of net assets) | |
| Intermediate bond | 1.1 |
| Emerging-market debt | 0.5 |
| High yield bond | 0.4 |
| Unaffiliated investment companies | 43.5 |
| Equity | 43.5 |
| U.S. Government | 2.0 |
| Short-term investments and other | 0.1 |
2045 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 53.9 |
| Equity | 50.4 |
| Large blend | 27.6 |
| International equity | 22.8 |
| Fixed income | 3.5 |
| Intermediate bond | 1.7 |
| Emerging-market debt | 1.0 |
| High yield bond | 0.8 |
| Unaffiliated investment companies | 43.5 |
| Equity | 41.5 |
| Fixed income | 2.0 |
| U.S. Government | 2.6 |
2040 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 53.0 |
| Equity | 45.4 |
| Large blend | 24.9 |
| International equity | 20.5 |
| Fixed income | 7.6 |
| Intermediate bond | 4.2 |
| Emerging-market debt | 1.9 |
| High yield bond | 1.5 |
| Unaffiliated investment companies | 43.7 |
| Equity | 39.3 |
| Fixed income | 4.4 |
| U.S. Government | 3.3 |
2035 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 52.9 |
| Equity | 40.7 |
| Large blend | 22.3 |
| International equity | 18.4 |
| Fixed income | 12.2 |
| Intermediate bond | 7.0 |
| Emerging-market debt | 2.9 |
| High yield bond | 2.3 |
| Unaffiliated investment companies | 42.9 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 5 |
| ASSET ALLOCATION (% of net assets) | |
| Equity | 35.6 |
| Fixed income | 7.3 |
| U.S. Government | 4.2 |
2030 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 51.0 |
| Equity | 35.0 |
| Large blend | 19.3 |
| International equity | 15.7 |
| Fixed income | 16.0 |
| Intermediate bond | 9.3 |
| Emerging-market debt | 4.1 |
| High yield bond | 2.6 |
| Unaffiliated investment companies | 43.5 |
| Equity | 30.9 |
| Fixed income | 12.6 |
| U.S. Government | 5.5 |
2025 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 46.6 |
| Equity | 25.6 |
| Large blend | 13.3 |
| International equity | 12.3 |
| Fixed income | 21.0 |
| Intermediate bond | 12.5 |
| Emerging-market debt | 5.2 |
| High yield bond | 3.3 |
| Unaffiliated investment companies | 47.0 |
| Equity | 28.4 |
| Fixed income | 18.6 |
| U.S. Government | 6.4 |
2020 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 41.3 |
| Equity | 17.7 |
| Large blend | 9.7 |
| International equity | 8.0 |
| Fixed income | 23.6 |
| Intermediate bond | 14.5 |
| Emerging-market debt | 5.6 |
| High yield bond | 3.5 |
| Unaffiliated investment companies | 51.5 |
| Equity | 28.1 |
| Fixed income | 23.4 |
| U.S. Government | 7.2 |
| 6 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
2015 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 41.0 |
| Equity | 15.5 |
| Large blend | 9.2 |
| International equity | 6.3 |
| Fixed income | 25.5 |
| Intermediate bond | 15.9 |
| Emerging-market debt | 5.9 |
| High yield bond | 3.7 |
| Unaffiliated investment companies | 51.1 |
| Fixed income | 27.2 |
| Equity | 23.9 |
| U.S. Government | 7.9 |
2010 Lifetime Blend Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 39.1 |
| Equity | 11.9 |
| Large blend | 7.0 |
| International equity | 4.9 |
| Fixed income | 27.2 |
| Intermediate bond | 17.2 |
| Emerging-market debt | 6.2 |
| High yield bond | 3.8 |
| Unaffiliated investment companies | 52.6 |
| Fixed income | 31.3 |
| Equity | 21.3 |
| U.S. Government | 8.3 |
Notes about risk
The portfolios may be subject to
various risks as described in the portfolios’ prospectuses. Political tensions, armed conflicts, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a
country into an economic recession. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may lead to less liquidity in
certain instruments, industries, sectors or the markets generally, and may ultimately affect portfolio performance. For more information, please refer to the “Principal risks” section of the
prospectuses.
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 7 |
Your expenses
As a shareholder of a John Hancock
Funds II Lifetime Blend Portfolio, you incur two types of costs: (1) transaction costs, including sales charges (loads) on certain purchases or redemptions, and (2) ongoing costs, including management fees,
distribution and service (Rule 12b-1) fees, and other portfolio expenses. In addition to the operating expenses which each portfolio bears directly, each portfolio indirectly bears a pro rata share of the operating
expenses of the underlying funds in which each portfolio invests. Because underlying funds have varied operating expenses and transaction costs, and a portfolio may own different proportions of the underlying funds at
different times, the amount of expenses incurred indirectly by the portfolio will vary. Had these indirect expenses been reflected in the following analysis, total expenses would have been higher than the amounts
shown.
These examples are intended to help
you understand your ongoing costs (in dollars) of investing in a portfolio so you can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 at
the beginning of the period and held for the entire period (September 1, 2023 through February 29, 2024).
Actual expenses:
The first line of each share class
in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over
the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled
“Expenses paid during period ended” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison
purposes:
The second line of each share class
in the following table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed annualized rate of return of 5% per year
before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You
may use this information to compare the ongoing costs of investing in a portfolio and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder
reports of the other funds. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown
in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only, and will
not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher. See the portfolios’ prospectuses for details
regarding transaction costs.
SHAREHOLDER EXPENSE EXAMPLE
CHART
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| 2065 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,103.70 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,104.40 | 1.20 | 0.23% |
| Hypothetical example | 1,000.00 | 1,023.70 | 1.16 | 0.23% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,105.30 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,104.80 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 2060 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,103.10 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,104.00 | 1.31 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,105.70 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,105.30 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 8 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| 2055 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,103.50 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,103.60 | 1.36 | 0.26% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.31 | 0.26% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,105.30 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,105.60 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 2050 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,102.60 | $2.20 | 0.42% |
| Hypothetical example | 1,000.00 | 1,022.80 | 2.11 | 0.42% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,104.40 | 1.31 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,105.30 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,104.80 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| 2045 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,098.70 | $2.24 | 0.43% |
| Hypothetical example | 1,000.00 | 1,022.70 | 2.16 | 0.43% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,098.90 | 1.36 | 0.26% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.31 | 0.26% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,101.10 | 0.05 | 0.01% |
| Hypothetical example | 1,000.00 | 1,024.80 | 0.05 | 0.01% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,100.80 | 0.31 | 0.06% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.30 | 0.06% | |
| 2040 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,090.60 | $2.34 | 0.45% |
| Hypothetical example | 1,000.00 | 1,022.60 | 2.26 | 0.45% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,091.40 | 1.46 | 0.28% |
| Hypothetical example | 1,000.00 | 1,023.50 | 1.41 | 0.28% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,093.00 | 0.16 | 0.03% |
| Hypothetical example | 1,000.00 | 1,024.70 | 0.15 | 0.03% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,093.50 | 0.42 | 0.08% |
| Hypothetical example | 1,000.00 | 1,024.50 | 0.40 | 0.08% | |
| 2035 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,081.40 | $2.43 | 0.47% |
| Hypothetical example | 1,000.00 | 1,022.50 | 2.36 | 0.47% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,083.90 | 1.55 | 0.30% |
| Hypothetical example | 1,000.00 | 1,023.40 | 1.51 | 0.30% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,084.60 | 0.26 | 0.05% |
| Hypothetical example | 1,000.00 | 1,024.60 | 0.25 | 0.05% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,083.30 | 0.52 | 0.10% |
| Hypothetical example | 1,000.00 | 1,024.40 | 0.50 | 0.10% | |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 9 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| 2030 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,072.20 | $2.58 | 0.50% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.51 | 0.50% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,073.90 | 1.70 | 0.33% |
| Hypothetical example | 1,000.00 | 1,023.20 | 1.66 | 0.33% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,074.40 | 0.41 | 0.08% |
| Hypothetical example | 1,000.00 | 1,024.50 | 0.40 | 0.08% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,074.10 | 0.67 | 0.13% |
| Hypothetical example | 1,000.00 | 1,024.20 | 0.65 | 0.13% | |
| 2025 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,061.90 | $2.87 | 0.56% |
| Hypothetical example | 1,000.00 | 1,022.10 | 2.82 | 0.56% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,062.60 | 2.00 | 0.39% |
| Hypothetical example | 1,000.00 | 1,022.90 | 1.96 | 0.39% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,064.10 | 0.72 | 0.14% |
| Hypothetical example | 1,000.00 | 1,024.20 | 0.70 | 0.14% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,063.70 | 0.92 | 0.18% |
| Hypothetical example | 1,000.00 | 1,024.00 | 0.91 | 0.18% | |
| 2020 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,056.40 | $3.07 | 0.60% |
| Hypothetical example | 1,000.00 | 1,021.90 | 3.02 | 0.60% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,057.00 | 2.25 | 0.44% |
| Hypothetical example | 1,000.00 | 1,022.70 | 2.21 | 0.44% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,057.30 | 0.97 | 0.19% |
| Hypothetical example | 1,000.00 | 1,023.90 | 0.96 | 0.19% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,058.10 | 1.18 | 0.23% |
| Hypothetical example | 1,000.00 | 1,023.70 | 1.16 | 0.23% | |
| 2015 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,052.30 | $3.16 | 0.62% |
| Hypothetical example | 1,000.00 | 1,021.80 | 3.12 | 0.62% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,053.90 | 2.30 | 0.45% |
| Hypothetical example | 1,000.00 | 1,022.60 | 2.26 | 0.45% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,055.30 | 1.02 | 0.20% |
| Hypothetical example | 1,000.00 | 1,023.90 | 1.01 | 0.20% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,053.90 | 1.28 | 0.25% |
| Hypothetical example | 1,000.00 | 1,023.60 | 1.26 | 0.25% | |
| 2010 Lifetime Blend Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,048.80 | $3.26 | 0.64% |
| Hypothetical example | 1,000.00 | 1,021.70 | 3.22 | 0.64% | |
| Class R4 | Actual expenses/actual returns | 1,000.00 | 1,049.30 | 2.19 | 0.43% |
| Hypothetical example | 1,000.00 | 1,022.70 | 2.16 | 0.43% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,050.60 | 1.12 | 0.22% |
| Hypothetical example | 1,000.00 | 1,023.80 | 1.11 | 0.22% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,050.30 | 1.38 | 0.27% |
| Hypothetical example | 1,000.00 | 1,023.50 | 1.36 | 0.27% | |
| 1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period). |
| 2 | Ratios do not include expenses indirectly incurred by the underlying funds and can vary based on the mix of underlying funds held by the portfolios. |
| 10 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Portfolios’ investments
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 11 |
Financial statements
STATEMENTS OF ASSETS AND
LIABILITIES 2-29-24 (unaudited)
| 2065 Lifetime Blend Portfolio | 2060 Lifetime Blend Portfolio | 2055 Lifetime Blend Portfolio | 2050 Lifetime Blend Portfolio | |
| Assets | ||||
| Unaffiliated investments, at value (including securites loaned) | $25,685,050 | $91,656,823 | $164,977,136 | $214,024,028 |
| Affiliated investments, at value | 30,993,512 | 115,167,330 | 198,651,222 | 265,417,840 |
| Total investments, at value | 56,678,562 | 206,824,153 | 363,628,358 | 479,441,868 |
| Dividends and interest receivable | 6,499 | 34,714 | 68,031 | 92,223 |
| Receivable for fund shares sold | 138,951 | 239,336 | 655,464 | 534,334 |
| Receivable for investments sold | 271,930 | 1,036,380 | 1,589,294 | 2,096,665 |
| Receivable for securities lending income | — | 455 | 102 | 1,222 |
| Receivable from affiliates | 1,557 | 2,891 | 4,431 | 5,476 |
| Other assets | 26,225 | 42,000 | 50,432 | 47,706 |
| Total assets | 57,123,724 | 208,179,929 | 365,996,112 | 482,219,494 |
| Liabilities | ||||
| Due to custodian | 162,012 | 730,097 | 993,515 | 1,697,222 |
| Payable for investments purchased | 161,606 | 485,083 | 1,212,309 | 823,449 |
| Payable for fund shares repurchased | 50,017 | 56,766 | 44,050 | 111,686 |
| Payable upon return of securities loaned | — | 5,159,125 | 519,650 | 9,668,475 |
| Payable to affiliates | ||||
| Accounting and legal services fees | 3,049 | 10,937 | 19,816 | 25,828 |
| Transfer agent fees | 485 | 3,232 | 6,650 | 9,598 |
| Distribution and service fees | 12 | 77 | 104 | 116 |
| Trustees’ fees | 17 | 78 | 142 | 191 |
| Other liabilities and accrued expenses | 26,867 | 31,396 | 32,816 | 33,833 |
| Total liabilities | 404,065 | 6,476,791 | 2,829,052 | 12,370,398 |
| Net assets | $56,719,659 | $201,703,138 | $363,167,060 | $469,849,096 |
| Net assets consist of | ||||
| Paid-in capital | $51,628,882 | $184,962,057 | $333,956,328 | $433,404,289 |
| Total distributable earnings (loss) | 5,090,777 | 16,741,081 | 29,210,732 | 36,444,807 |
| Net assets | $56,719,659 | $201,703,138 | $363,167,060 | $469,849,096 |
| Unaffiliated investments, at cost | $22,969,874 | $79,930,153 | $142,172,867 | $184,135,712 |
| Affiliated investments, at cost | 27,760,490 | 104,980,579 | 181,102,336 | 242,434,086 |
| Total investments, at cost | 50,730,364 | 184,910,732 | 323,275,203 | 426,569,798 |
| Securities loaned, at value | — | $5,042,676 | $509,143 | $9,475,558 |
| Net asset value per share | ||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||
| Class A1 | ||||
| Net assets | $5,023,317 | $33,831,734 | $71,709,102 | $101,363,531 |
| Shares outstanding | 381,258 | 2,315,317 | 5,364,218 | 7,496,739 |
| Net asset value and redemption price per share | $13.18 | $14.61 | $13.37 | $13.52 |
| Class R4 | ||||
| Net assets | $65,830 | $1,043,127 | $1,395,959 | $1,582,591 |
| Shares outstanding | 5,000 | 71,440 | 104,701 | 117,225 |
| Net asset value, offering price and redemption price per share | $13.17 | $14.60 | $13.33 | $13.50 |
| Class R6 | ||||
| Net assets | $8,098,272 | $49,725,254 | $83,908,139 | $111,740,809 |
| Shares outstanding | 615,670 | 3,406,706 | 6,292,615 | 8,286,627 |
| Net asset value, offering price and redemption price per share | $13.15 | $14.60 | $13.33 | $13.48 |
| Class 1 | ||||
| Net assets | $43,532,240 | $117,103,023 | $206,153,860 | $255,162,165 |
| Shares outstanding | 3,306,784 | 8,021,080 | 15,446,478 | 18,901,384 |
| Net asset value, offering price and redemption price per share | $13.16 | $14.60 | $13.35 | $13.50 |
| Maximum offering price per share | ||||
| Class A (net asset value per share ÷ 95%)2 | $13.87 | $15.38 | $14.07 | $14.23 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 20 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF ASSETS AND LIABILITIES 2-29-24 (unaudited)
Continued
| 2045 Lifetime Blend Portfolio | 2040 Lifetime Blend Portfolio | 2035 Lifetime Blend Portfolio | 2030 Lifetime Blend Portfolio | |
| Assets | ||||
| Unaffiliated investments, at value (including securites loaned) | $263,853,155 | $311,112,986 | $364,659,422 | $386,586,779 |
| Affiliated investments, at value | 313,193,288 | 358,874,826 | 431,939,478 | 406,581,295 |
| Total investments, at value | 577,046,443 | 669,987,812 | 796,598,900 | 793,168,074 |
| Dividends and interest receivable | 137,109 | 205,491 | 325,886 | 415,322 |
| Receivable for fund shares sold | 419,238 | 972,485 | 252,925 | 514,502 |
| Receivable for investments sold | 2,385,863 | 4,975,193 | 10,576,322 | 13,199,742 |
| Receivable for securities lending income | 559 | 2,069 | 3,723 | 2,801 |
| Receivable from affiliates | 6,377 | 7,826 | 8,319 | 8,500 |
| Other assets | 52,680 | 54,057 | 55,089 | 55,615 |
| Total assets | 580,048,269 | 676,204,933 | 807,821,164 | 807,364,556 |
| Liabilities | ||||
| Due to custodian | 1,652,221 | 4,591,806 | 9,563,645 | 213,197 |
| Line of credit payable | — | — | — | 11,000,000 |
| Payable for investments purchased | 1,188,552 | 1,366,251 | 967,912 | 2,453,831 |
| Payable for fund shares repurchased | — | 85,943 | 518,422 | 262,056 |
| Payable upon return of securities loaned | 3,914,050 | 8,428,850 | 22,980,550 | 5,038,600 |
| Payable to affiliates | ||||
| Accounting and legal services fees | 31,892 | 36,301 | 43,047 | 43,467 |
| Transfer agent fees | 11,691 | 11,998 | 14,007 | 14,969 |
| Distribution and service fees | 236 | 62 | 308 | 3,381 |
| Trustees’ fees | 249 | 279 | 333 | 345 |
| Other liabilities and accrued expenses | 27,312 | 34,346 | 35,462 | 36,017 |
| Total liabilities | 6,826,203 | 14,555,836 | 34,123,686 | 19,065,863 |
| Net assets | $573,222,066 | $661,649,097 | $773,697,478 | $788,298,693 |
| Net assets consist of | ||||
| Paid-in capital | $532,822,242 | $625,970,845 | $747,503,922 | $780,402,935 |
| Total distributable earnings (loss) | 40,399,824 | 35,678,252 | 26,193,556 | 7,895,758 |
| Net assets | $573,222,066 | $661,649,097 | $773,697,478 | $788,298,693 |
| Unaffiliated investments, at cost | $230,102,015 | $278,070,697 | $333,628,165 | $366,446,794 |
| Affiliated investments, at cost | 287,905,531 | 334,619,375 | 407,075,843 | 385,397,740 |
| Total investments, at cost | 518,007,546 | 612,690,072 | 740,704,008 | 751,844,534 |
| Securities loaned, at value | $3,832,801 | $8,241,422 | $22,456,564 | $4,938,241 |
| Net asset value per share | ||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||
| Class A1 | ||||
| Net assets | $124,475,961 | $126,328,903 | $147,214,491 | $158,911,468 |
| Shares outstanding | 9,468,194 | 9,888,187 | 12,081,068 | 13,732,933 |
| Net asset value and redemption price per share | $13.15 | $12.78 | $12.19 | $11.57 |
| Class R4 | ||||
| Net assets | $3,204,579 | $840,170 | $4,007,719 | $5,757,110 |
| Shares outstanding | 244,575 | 65,823 | 329,082 | 498,087 |
| Net asset value, offering price and redemption price per share | $13.10 | $12.76 | $12.18 | $11.56 |
| Class R6 | ||||
| Net assets | $127,941,759 | $171,370,037 | $185,605,063 | $207,421,587 |
| Shares outstanding | 9,739,721 | 13,431,101 | 15,250,482 | 17,940,301 |
| Net asset value, offering price and redemption price per share | $13.14 | $12.76 | $12.17 | $11.56 |
| Class 1 | ||||
| Net assets | $317,599,767 | $363,109,987 | $436,870,205 | $416,208,528 |
| Shares outstanding | 24,190,184 | 28,461,112 | 35,880,070 | 36,019,260 |
| Net asset value, offering price and redemption price per share | $13.13 | $12.76 | $12.18 | $11.56 |
| Maximum offering price per share | ||||
| Class A (net asset value per share ÷ 95%)2 | $13.84 | $13.45 | $12.83 | $12.18 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 21 |
STATEMENTS OF ASSETS AND LIABILITIES 2-29-24 (unaudited)
Continued
| 2025 Lifetime Blend Portfolio | 2020 Lifetime Blend Portfolio | 2015 Lifetime Blend Portfolio | 2010 Lifetime Blend Portfolio | |
| Assets | ||||
| Unaffiliated investments, at value (including securites loaned) | $320,814,305 | $162,993,491 | $51,047,074 | $36,925,885 |
| Affiliated investments, at value | 290,257,615 | 114,892,227 | 35,531,607 | 23,720,194 |
| Total investments, at value | 611,071,920 | 277,885,718 | 86,578,681 | 60,646,079 |
| Dividends and interest receivable | 404,279 | 203,470 | 71,031 | 51,547 |
| Receivable for fund shares sold | 140,193 | 393,170 | 21,552 | 5,730 |
| Receivable for investments sold | 13,157,506 | 6,583,963 | 2,296,564 | 1,622,273 |
| Receivable for securities lending income | 1,867 | 577 | 350 | 273 |
| Receivable from affiliates | 6,429 | 3,177 | 1,716 | 1,668 |
| Other assets | 55,887 | 40,260 | 35,166 | 32,150 |
| Total assets | 624,838,081 | 285,110,335 | 89,005,060 | 62,359,720 |
| Liabilities | ||||
| Due to custodian | 553,087 | 5,770,950 | 2,293,419 | 1,617,524 |
| Line of credit payable | 10,000,000 | — | — | — |
| Payable for investments purchased | 2,675,608 | 1,006,747 | 60,715 | 39,263 |
| Payable for fund shares repurchased | 452,724 | 354,033 | 9,300 | 11,832 |
| Payable upon return of securities loaned | 10,340,160 | — | — | — |
| Payable to affiliates | ||||
| Accounting and legal services fees | 33,963 | 15,859 | 4,933 | 3,418 |
| Transfer agent fees | 17,397 | 9,699 | 2,864 | 1,153 |
| Distribution and service fees | 167 | 101 | 13 | 4 |
| Trustees’ fees | 295 | 148 | 43 | 32 |
| Other liabilities and accrued expenses | 34,743 | 31,976 | 30,221 | 30,241 |
| Total liabilities | 24,108,144 | 7,189,513 | 2,401,508 | 1,703,467 |
| Net assets | $600,729,937 | $277,920,822 | $86,603,552 | $60,656,253 |
| Net assets consist of | ||||
| Paid-in capital | $609,797,925 | $286,576,996 | $89,392,323 | $63,312,075 |
| Total distributable earnings (loss) | (9,067,988) | (8,656,174) | (2,788,771) | (2,655,822) |
| Net assets | $600,729,937 | $277,920,822 | $86,603,552 | $60,656,253 |
| Unaffiliated investments, at cost | $309,026,100 | $157,941,087 | $49,874,605 | $36,037,709 |
| Affiliated investments, at cost | 278,427,510 | 110,477,763 | 33,950,696 | 22,841,113 |
| Total investments, at cost | 587,453,610 | 268,418,850 | 83,825,301 | 58,878,822 |
| Securities loaned, at value | $10,136,472 | — | — | — |
| Net asset value per share | ||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | ||||
| Class A1 | ||||
| Net assets | $187,094,765 | $103,359,889 | $29,992,660 | $12,075,297 |
| Shares outstanding | 17,095,385 | 9,909,238 | 2,999,734 | 1,243,525 |
| Net asset value and redemption price per share | $10.94 | $10.43 | $10.00 | $9.71 |
| Class R4 | ||||
| Net assets | $2,170,066 | $1,319,189 | $127,549 | $96,204 |
| Shares outstanding | 198,550 | 126,719 | 12,776 | 9,923 |
| Net asset value, offering price and redemption price per share | $10.93 | $10.41 | $9.98 | $9.70 |
| Class R6 | ||||
| Net assets | $141,417,662 | $57,564,163 | $23,902,344 | $13,122,125 |
| Shares outstanding | 12,934,957 | 5,519,809 | 2,392,116 | 1,352,597 |
| Net asset value, offering price and redemption price per share | $10.93 | $10.43 | $9.99 | $9.70 |
| Class 1 | ||||
| Net assets | $270,047,444 | $115,677,581 | $32,580,999 | $35,362,627 |
| Shares outstanding | 24,721,396 | 11,105,022 | 3,261,732 | 3,647,631 |
| Net asset value, offering price and redemption price per share | $10.92 | $10.42 | $9.99 | $9.69 |
| Maximum offering price per share | ||||
| Class A (net asset value per share ÷ 95%)2 | $11.52 | $10.98 | $10.53 | $10.22 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 22 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
| 2065 Lifetime Blend Portfolio | 2060 Lifetime Blend Portfolio | 2055 Lifetime Blend Portfolio | 2050 Lifetime Blend Portfolio | |
| Investment income | ||||
| Dividends from affiliated investments | $616,147 | $2,173,333 | $3,914,686 | $5,112,371 |
| Dividends from unaffiliated investments | 297,304 | 1,092,160 | 1,968,586 | 2,581,975 |
| Interest | 19,658 | 77,365 | 146,237 | 191,535 |
| Securities lending | 65 | 5,001 | 73 | 8,516 |
| Total investment income | 933,174 | 3,347,859 | 6,029,582 | 7,894,397 |
| Expenses | ||||
| Investment management fees | 65,537 | 240,992 | 434,808 | 569,535 |
| Distribution and service fees | 15,680 | 70,599 | 138,707 | 192,750 |
| Accounting and legal services fees | 5,830 | 21,459 | 38,701 | 50,679 |
| Transfer agent fees | 2,528 | 17,721 | 36,877 | 54,337 |
| Trustees’ fees | 1,024 | 2,543 | 4,191 | 5,347 |
| Custodian fees | 13,840 | 13,840 | 13,840 | 13,840 |
| State registration fees | 27,446 | 28,176 | 30,781 | 32,118 |
| Printing and postage | 6,329 | 7,277 | 7,601 | 7,813 |
| Professional fees | 17,408 | 22,100 | 24,404 | 26,040 |
| Other | 6,435 | 7,637 | 8,885 | 9,327 |
| Total expenses | 162,057 | 432,344 | 738,795 | 961,786 |
| Less expense reductions | (143,680) | (343,171) | (561,202) | (712,652) |
| Net expenses | 18,377 | 89,173 | 177,593 | 249,134 |
| Net investment income | 914,797 | 3,258,686 | 5,851,989 | 7,645,263 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments | 43,076 | 85,682 | 288,876 | 406,054 |
| Affiliated investments | (34,077) | (75,297) | (104,863) | (139,992) |
| 8,999 | 10,385 | 184,013 | 266,062 | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments | 2,264,641 | 7,780,881 | 13,975,743 | 18,175,141 |
| Affiliated investments | 2,441,164 | 8,400,566 | 15,162,911 | 19,825,357 |
| 4,705,805 | 16,181,447 | 29,138,654 | 38,000,498 | |
| Net realized and unrealized gain | 4,714,804 | 16,191,832 | 29,322,667 | 38,266,560 |
| Increase in net assets from operations | $5,629,601 | $19,450,518 | $35,174,656 | $45,911,823 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 23 |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
Continued
| 2045 Lifetime Blend Portfolio | 2040 Lifetime Blend Portfolio | 2035 Lifetime Blend Portfolio | 2030 Lifetime Blend Portfolio | |
| Investment income | ||||
| Dividends from affiliated investments | $6,189,870 | $6,179,278 | $6,756,108 | $5,918,158 |
| Dividends from unaffiliated investments | 3,438,261 | 4,464,612 | 6,264,544 | 7,445,651 |
| Interest | 297,526 | 450,576 | 677,104 | 778,686 |
| Securities lending | 2,630 | 20,706 | 34,044 | 74,107 |
| Total investment income | 9,928,287 | 11,115,172 | 13,731,800 | 14,216,602 |
| Expenses | ||||
| Investment management fees | 725,668 | 881,706 | 1,131,027 | 1,230,390 |
| Distribution and service fees | 239,482 | 248,349 | 299,931 | 313,821 |
| Accounting and legal services fees | 63,062 | 70,807 | 84,742 | 85,751 |
| Transfer agent fees | 66,156 | 68,275 | 80,314 | 87,559 |
| Trustees’ fees | 6,667 | 7,411 | 8,869 | 9,023 |
| Custodian fees | 13,840 | 13,840 | 13,840 | 14,610 |
| State registration fees | 32,419 | 31,549 | 32,806 | 32,519 |
| Printing and postage | 7,722 | 7,677 | 7,723 | 7,747 |
| Professional fees | 27,812 | 28,723 | 30,657 | 30,835 |
| Other | 10,310 | 11,764 | 14,470 | 16,453 |
| Total expenses | 1,193,138 | 1,370,101 | 1,704,379 | 1,828,708 |
| Less expense reductions | (871,518) | (971,187) | (1,157,179) | (1,161,413) |
| Net expenses | 321,620 | 398,914 | 547,200 | 667,295 |
| Net investment income | 9,606,667 | 10,716,258 | 13,184,600 | 13,549,307 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments | 816,138 | (1,868,864) | (7,150,111) | (11,370,394) |
| Affiliated investments | (69,344) | 92,501 | 15,981 | (14,342) |
| 746,794 | (1,776,363) | (7,134,130) | (11,384,736) | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments | 20,384,848 | 23,882,036 | 30,077,802 | 30,311,966 |
| Affiliated investments | 23,401,739 | 23,814,671 | 25,196,670 | 21,965,112 |
| 43,786,587 | 47,696,707 | 55,274,472 | 52,277,078 | |
| Net realized and unrealized gain | 44,533,381 | 45,920,344 | 48,140,342 | 40,892,342 |
| Increase in net assets from operations | $54,140,048 | $56,636,602 | $61,324,942 | $54,441,649 |
| 24 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
Continued
| 2025 Lifetime Blend Portfolio | 2020 Lifetime Blend Portfolio | 2015 Lifetime Blend Portfolio | 2010 Lifetime Blend Portfolio | |
| Investment income | ||||
| Dividends from affiliated investments | $3,705,983 | $1,245,444 | $332,321 | $190,631 |
| Dividends from unaffiliated investments | 7,116,598 | 3,860,382 | 1,233,460 | 938,805 |
| Interest | 636,019 | 298,166 | 87,394 | 61,513 |
| Securities lending | 54,606 | 51,109 | 23,762 | 16,515 |
| Total investment income | 11,513,206 | 5,455,101 | 1,676,937 | 1,207,464 |
| Expenses | ||||
| Investment management fees | 1,082,970 | 561,721 | 175,766 | 130,637 |
| Distribution and service fees | 314,462 | 173,564 | 49,101 | 25,674 |
| Accounting and legal services fees | 67,711 | 32,074 | 9,799 | 7,007 |
| Transfer agent fees | 101,532 | 58,892 | 17,001 | 6,978 |
| Trustees’ fees | 7,409 | 3,849 | 1,481 | 1,213 |
| Custodian fees | 14,610 | 14,610 | 14,610 | 14,610 |
| State registration fees | 33,081 | 29,812 | 26,095 | 23,955 |
| Printing and postage | 7,633 | 6,987 | 6,383 | 6,355 |
| Professional fees | 28,675 | 23,840 | 20,651 | 20,280 |
| Other | 22,529 | 15,383 | 8,078 | 8,970 |
| Total expenses | 1,680,612 | 920,732 | 328,965 | 245,679 |
| Less expense reductions | (891,570) | (447,497) | (182,863) | (149,616) |
| Net expenses | 789,042 | 473,235 | 146,102 | 96,063 |
| Net investment income | 10,724,164 | 4,981,866 | 1,530,835 | 1,111,401 |
| Realized and unrealized gain (loss) | ||||
| Net realized gain (loss) on | ||||
| Unaffiliated investments | (11,797,320) | (7,852,854) | (1,987,810) | (1,189,288) |
| Affiliated investments | 109,997 | (78,662) | (6,056) | (32,364) |
| (11,687,323) | (7,931,516) | (1,993,866) | (1,221,652) | |
| Change in net unrealized appreciation (depreciation) of | ||||
| Unaffiliated investments | 25,224,931 | 14,031,340 | 3,731,092 | 2,340,155 |
| Affiliated investments | 12,063,536 | 3,915,883 | 1,117,420 | 593,215 |
| 37,288,467 | 17,947,223 | 4,848,512 | 2,933,370 | |
| Net realized and unrealized gain | 25,601,144 | 10,015,707 | 2,854,646 | 1,711,718 |
| Increase in net assets from operations | $36,325,308 | $14,997,573 | $4,385,481 | $2,823,119 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 25 |
STATEMENTS OF CHANGES IN NET
ASSETS
| 2065 Lifetime Blend Portfolio | 2060 Lifetime Blend Portfolio | 2055 Lifetime Blend Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $914,797 | $420,410 | $3,258,686 | $2,349,641 | $5,851,989 | $4,606,718 |
| Net realized gain (loss) | 8,999 | (403,243) | 10,385 | (4,588,661) | 184,013 | (10,032,351) |
| Change in net unrealized appreciation (depreciation) | 4,705,805 | 3,109,145 | 16,181,447 | 16,854,492 | 29,138,654 | 32,830,058 |
| Increase in net assets resulting from operations | 5,629,601 | 3,126,312 | 19,450,518 | 14,615,472 | 35,174,656 | 27,404,425 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (73,989) | (19,743) | (526,226) | (851,383) | (1,105,936) | (2,254,756) |
| Class R4 | (1,200) | (4,727) | (18,443) | (139,187) | (25,746) | (344,963) |
| Class R6 | (140,430) | (11,283) | (927,334) | (2,342,254) | (1,571,578) | (5,771,830) |
| Class 1 | (812,912) | (319,704) | (2,315,913) | (4,888,811) | (4,123,567) | (11,181,753) |
| Total distributions | (1,028,531) | (355,457) | (3,787,916) | (8,221,635) | (6,826,827) | (19,553,302) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 9,479,552 | 21,878,944 | 18,093,482 | 44,068,094 | 31,730,144 | 57,036,524 |
| Total increase | 14,080,622 | 24,649,799 | 33,756,084 | 50,461,931 | 60,077,973 | 64,887,647 |
| Net assets | ||||||
| Beginning of period | 42,639,037 | 17,989,238 | 167,947,054 | 117,485,123 | 303,089,087 | 238,201,440 |
| End of period | $56,719,659 | $42,639,037 | $201,703,138 | $167,947,054 | $363,167,060 | $303,089,087 |
| 26 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| 2050 Lifetime Blend Portfolio | 2045 Lifetime Blend Portfolio | 2040 Lifetime Blend Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $7,645,263 | $6,222,218 | $9,606,667 | $8,074,787 | $10,716,258 | $9,370,146 |
| Net realized gain (loss) | 266,062 | (14,902,418) | 746,794 | (17,202,069) | (1,776,363) | (16,239,736) |
| Change in net unrealized appreciation (depreciation) | 38,000,498 | 44,839,229 | 43,786,587 | 53,822,469 | 47,696,707 | 50,511,572 |
| Increase in net assets resulting from operations | 45,911,823 | 36,159,029 | 54,140,048 | 44,695,187 | 56,636,602 | 43,641,982 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (1,634,182) | (3,292,512) | (2,043,737) | (4,316,129) | (2,150,073) | (4,330,814) |
| Class R4 | (28,364) | (459,664) | (59,673) | (499,496) | (16,055) | (483,909) |
| Class R6 | (2,149,020) | (7,914,662) | (2,662,287) | (9,799,538) | (3,198,210) | (8,136,302) |
| Class 1 | (5,134,331) | (13,098,720) | (6,708,768) | (18,160,164) | (7,818,338) | (19,939,303) |
| Total distributions | (8,945,897) | (24,765,558) | (11,474,465) | (32,775,327) | (13,182,676) | (32,890,328) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 33,735,769 | 63,725,505 | 26,875,828 | 82,479,328 | 59,733,136 | 111,565,169 |
| Total increase | 70,701,695 | 75,118,976 | 69,541,411 | 94,399,188 | 103,187,062 | 122,316,823 |
| Net assets | ||||||
| Beginning of period | 399,147,401 | 324,028,425 | 503,680,655 | 409,281,467 | 558,462,035 | 436,145,212 |
| End of period | $469,849,096 | $399,147,401 | $573,222,066 | $503,680,655 | $661,649,097 | $558,462,035 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 27 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| 2035 Lifetime Blend Portfolio | 2030 Lifetime Blend Portfolio | 2025 Lifetime Blend Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $13,184,600 | $12,279,873 | $13,549,307 | $13,772,647 | $10,724,164 | $12,827,963 |
| Net realized loss | (7,134,130) | (18,312,389) | (11,384,736) | (17,216,841) | (11,687,323) | (17,259,156) |
| Change in net unrealized appreciation (depreciation) | 55,274,472 | 52,024,902 | 52,277,078 | 42,539,758 | 37,288,467 | 31,958,401 |
| Increase in net assets resulting from operations | 61,324,942 | 45,992,386 | 54,441,649 | 39,095,564 | 36,325,308 | 27,527,208 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (2,785,886) | (4,782,725) | (3,329,351) | (5,622,940) | (4,352,731) | (5,905,008) |
| Class R4 | (86,043) | (662,378) | (142,833) | (741,644) | (63,530) | (350,594) |
| Class R6 | (4,160,843) | (8,497,312) | (4,834,947) | (8,073,904) | (3,799,374) | (5,762,510) |
| Class 1 | (10,311,659) | (23,951,005) | (10,594,643) | (24,258,898) | (8,178,918) | (15,775,618) |
| Total distributions | (17,344,431) | (37,893,420) | (18,901,774) | (38,697,386) | (16,394,553) | (27,793,730) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 53,566,912 | 156,086,990 | 69,618,736 | 167,423,023 | 28,701,643 | 114,237,405 |
| Total increase | 97,547,423 | 164,185,956 | 105,158,611 | 167,821,201 | 48,632,398 | 113,970,883 |
| Net assets | ||||||
| Beginning of period | 676,150,055 | 511,964,099 | 683,140,082 | 515,318,881 | 552,097,539 | 438,126,656 |
| End of period | $773,697,478 | $676,150,055 | $788,298,693 | $683,140,082 | $600,729,937 | $552,097,539 |
| 28 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| 2020 Lifetime Blend Portfolio | 2015 Lifetime Blend Portfolio | 2010 Lifetime Blend Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $4,981,866 | $6,756,035 | $1,530,835 | $2,065,050 | $1,111,401 | $1,550,563 |
| Net realized loss | (7,931,516) | (7,654,532) | (1,993,866) | (2,603,171) | (1,221,652) | (2,313,342) |
| Change in net unrealized appreciation (depreciation) | 17,947,223 | 12,452,078 | 4,848,512 | 3,914,655 | 2,933,370 | 2,964,320 |
| Increase in net assets resulting from operations | 14,997,573 | 11,553,581 | 4,385,481 | 3,376,534 | 2,823,119 | 2,201,541 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (2,768,280) | (3,189,277) | (774,011) | (817,369) | (342,535) | (405,522) |
| Class R4 | (48,230) | (173,321) | (3,550) | (26,859) | (3,031) | (11,387) |
| Class R6 | (1,690,073) | (2,418,735) | (710,321) | (707,085) | (346,128) | (318,850) |
| Class 1 | (3,627,841) | (5,625,441) | (1,061,995) | (1,532,747) | (1,192,562) | (1,726,825) |
| Total distributions | (8,134,424) | (11,406,774) | (2,549,877) | (3,084,060) | (1,884,256) | (2,462,584) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 1,336,511 | 51,074,592 | 6,292,725 | 14,741,350 | 431,001 | 14,793,265 |
| Total increase | 8,199,660 | 51,221,399 | 8,128,329 | 15,033,824 | 1,369,864 | 14,532,222 |
| Net assets | ||||||
| Beginning of period | 269,721,162 | 218,499,763 | 78,475,223 | 63,441,399 | 59,286,389 | 44,754,167 |
| End of period | $277,920,822 | $269,721,162 | $86,603,552 | $78,475,223 | $60,656,253 | $59,286,389 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 29 |
Financial highlights
2065 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2065 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 12.15 | 0.20 | 1.05 | 1.25 | (0.22) | — | (0.22) | 13.18 | 10.376, 7 | 1.028 | 0.428 | 2.068 | 5,023 | 17 | ||||||
| 08-31-2023 | 11.15 | 0.13 | 1.00 | 1.13 | (0.13) | — | (0.13) | 12.15 | 10.327 | 1.22 | 0.42 | 1.16 | 3,032 | 12 | ||||||
| 08-31-2022 | 13.52 | 0.079 | (2.16) | (2.09) | (0.12) | (0.16) | (0.28) | 11.15 | (15.86)7 | 1.66 | 0.42 | 0.61 | 1,417 | 89 | ||||||
| 08-31-202110 | 12.85 | —9, 11 | 0.67 | 0.67 | — | — | — | 13.52 | 5.216, 7 | 8.468 | 0.418 | 0.068 | 225 | 1912 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 12.15 | 0.13 | 1.13 | 1.26 | (0.24) | — | (0.24) | 13.17 | 10.446 | 0.928 | 0.238 | 0.838 | 66 | 17 | ||||||
| 08-31-2023 | 11.15 | 0.16 | 0.99 | 1.15 | (0.15) | — | (0.15) | 12.15 | 10.52 | 1.15 | 0.25 | 1.41 | 476 | 12 | ||||||
| 08-31-2022 | 13.51 | 0.159 | (2.21) | (2.06) | (0.14) | (0.16) | (0.30) | 11.15 | (15.66) | 1.57 | 0.23 | 1.26 | 292 | 89 | ||||||
| 08-31-202113 | 10.00 | 0.119 | 3.50 | 3.61 | (0.10) | — | (0.10) | 13.51 | 36.286 | 8.348 | 0.198 | 0.998 | 204 | 19 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 12.15 | 0.23 | 1.04 | 1.27 | (0.27) | — | (0.27) | 13.15 | 10.536 | 0.608 | 0.018 | 2.548 | 8,098 | 17 | ||||||
| 08-31-2023 | 11.15 | 0.12 | 1.06 | 1.18 | (0.18) | — | (0.18) | 12.15 | 10.78 | 0.82 | 0.01 | 1.01 | 4,303 | 12 | ||||||
| 08-31-2022 | 13.52 | 0.199 | (2.23) | (2.04) | (0.17) | (0.16) | (0.33) | 11.15 | (15.52) | 1.25 | 0.01 | 1.61 | 410 | 89 | ||||||
| 08-31-202113 | 10.00 | 0.179 | 3.45 | 3.62 | (0.10) | — | (0.10) | 13.52 | 36.446 | 8.068 | 0.018 | 1.528 | 68 | 19 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 12.16 | 0.23 | 1.03 | 1.26 | (0.26) | — | (0.26) | 13.16 | 10.486 | 0.648 | 0.058 | 2.558 | 43,532 | 17 | ||||||
| 08-31-2023 | 11.16 | 0.18 | 0.99 | 1.17 | (0.17) | — | (0.17) | 12.16 | 10.72 | 0.86 | 0.06 | 1.55 | 34,828 | 12 | ||||||
| 08-31-2022 | 13.52 | 0.169 | (2.19) | (2.03) | (0.17) | (0.16) | (0.33) | 11.16 | (15.48) | 1.29 | 0.05 | 1.34 | 15,871 | 89 | ||||||
| 08-31-202113 | 10.00 | 0.079 | 3.55 | 3.62 | (0.10) | — | (0.10) | 13.52 | 36.426 | 8.108 | 0.058 | 0.588 | 5,699 | 19 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 per share for the periods ended 8-31-22 and 8-31-21 and 0.01% and less than 0.005% for the period ended 8-31-22 and 8-31-21, respectively. |
| 10 The inception date for Class A shares is 6-21-21. |
| 11 Less than $0.005 per share. |
| 12 Portfolio turnover is shown for the period from 9-23-20 to 8-31-21. |
| 13 Period from 9-23-20 (commencement of operations) to 8-31-21. |
| 30 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
2060 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2060 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 13.48 | 0.22 | 1.16 | 1.38 | (0.25) | — | (0.25) | 14.61 | 10.316, 7 | 0.818 | 0.428 | 2.078 | 33,832 | 13 | ||||||
| 08-31-2023 | 12.97 | 0.16 | 1.09 | 1.25 | (0.16) | (0.58) | (0.74) | 13.48 | 10.377 | 0.82 | 0.42 | 1.23 | 23,628 | 25 | ||||||
| 08-31-2022 | 16.14 | 0.139 | (2.55) | (2.42) | (0.17) | (0.58) | (0.75) | 12.97 | (15.84)7 | 0.84 | 0.42 | 0.94 | 10,978 | 81 | ||||||
| 08-31-202110 | 15.35 | (0.01) | 0.80 | 0.79 | — | — | — | 16.14 | 5.156, 7 | 0.888 | 0.418 | (0.24)8 | 1,905 | 1511 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 13.48 | 0.18 | 1.21 | 1.39 | (0.27) | — | (0.27) | 14.60 | 10.406 | 0.748 | 0.258 | 1.468 | 1,043 | 13 | ||||||
| 08-31-2023 | 12.97 | 0.19 | 1.08 | 1.27 | (0.18) | (0.58) | (0.76) | 13.48 | 10.55 | 0.76 | 0.27 | 1.46 | 3,050 | 25 | ||||||
| 08-31-2022 | 16.14 | 0.199 | (2.58) | (2.39) | (0.20) | (0.58) | (0.78) | 12.97 | (15.70) | 0.78 | 0.26 | 1.31 | 2,006 | 81 | ||||||
| 08-31-2021 | 12.95 | 0.13 | 3.48 | 3.61 | (0.18) | (0.24) | (0.42) | 16.14 | 28.37 | 0.83 | 0.26 | 0.85 | 1,726 | 15 | ||||||
| 08-31-2020 | 12.06 | 0.13 | 1.59 | 1.72 | (0.26) | (0.57) | (0.83) | 12.95 | 14.56 | 1.02 | 0.24 | 1.16 | 376 | 32 | ||||||
| 08-31-2019 | 12.89 | 0.249 | (0.35) | (0.11) | (0.21) | (0.51) | (0.72) | 12.06 | (0.04) | 1.00 | 0.16 | 1.979 | 53 | 13 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 13.49 | 0.25 | 1.16 | 1.41 | (0.30) | — | (0.30) | 14.60 | 10.576 | 0.398 | 0.018 | 2.458 | 49,725 | 13 | ||||||
| 08-31-2023 | 12.98 | 0.25 | 1.06 | 1.31 | (0.22) | (0.58) | (0.80) | 13.49 | 10.84 | 0.42 | 0.02 | 1.98 | 33,344 | 25 | ||||||
| 08-31-2022 | 16.16 | 0.229 | (2.59) | (2.37) | (0.23) | (0.58) | (0.81) | 12.98 | (15.54) | 0.43 | 0.01 | 1.50 | 32,711 | 81 | ||||||
| 08-31-2021 | 12.96 | 0.19 | 3.46 | 3.65 | (0.21) | (0.24) | (0.45) | 16.16 | 28.68 | 0.48 | 0.01 | 1.31 | 23,276 | 15 | ||||||
| 08-31-2020 | 12.06 | 0.22 | 1.53 | 1.75 | (0.28) | (0.57) | (0.85) | 12.96 | 14.84 | 0.70 | — | 1.90 | 8,365 | 32 | ||||||
| 08-31-2019 | 12.90 | 0.229 | (0.32) | (0.10) | (0.23) | (0.51) | (0.74) | 12.06 | 0.08 | 0.75 | — | 1.889 | 2,758 | 13 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 13.49 | 0.25 | 1.16 | 1.41 | (0.30) | — | (0.30) | 14.60 | 10.536 | 0.448 | 0.058 | 2.548 | 117,103 | 13 | ||||||
| 08-31-2023 | 12.98 | 0.21 | 1.09 | 1.30 | (0.21) | (0.58) | (0.79) | 13.49 | 10.78 | 0.46 | 0.06 | 1.65 | 107,925 | 25 | ||||||
| 08-31-2022 | 16.15 | 0.229 | (2.58) | (2.36) | (0.23) | (0.58) | (0.81) | 12.98 | (15.52) | 0.47 | 0.05 | 1.52 | 71,791 | 81 | ||||||
| 08-31-2021 | 12.96 | 0.20 | 3.43 | 3.63 | (0.20) | (0.24) | (0.44) | 16.15 | 28.54 | 0.52 | 0.05 | 1.39 | 67,257 | 15 | ||||||
| 08-31-2020 | 12.06 | 0.25 | 1.50 | 1.75 | (0.28) | (0.57) | (0.85) | 12.96 | 14.77 | 0.73 | 0.05 | 2.08 | 36,437 | 32 | ||||||
| 08-31-2019 | 12.90 | 0.239 | (0.33) | (0.10) | (0.23) | (0.51) | (0.74) | 12.06 | 0.03 | 0.78 | 0.05 | 1.929 | 24,271 | 13 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 per share for the periods ended 8-31-22 and 8-31-19 and 0.01% and 0.01% for the periods ended 8-31-22 and 8-31-19, respectively. |
| 10 The inception date for Class A shares is 6-21-21. |
| 11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 31 |
Financial highlights continued
2055 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2055 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 12.33 | 0.20 | 1.07 | 1.27 | (0.23) | — | (0.23) | 13.37 | 10.356, 7 | 0.778 | 0.428 | 2.078 | 71,709 | 12 | ||||||
| 08-31-2023 | 12.04 | 0.14 | 0.99 | 1.13 | (0.15) | (0.69) | (0.84) | 12.33 | 10.297 | 0.77 | 0.43 | 1.22 | 50,736 | 29 | ||||||
| 08-31-2022 | 15.05 | 0.139 | (2.37) | (2.24) | (0.16) | (0.61) | (0.77) | 12.04 | (15.78)7 | 0.76 | 0.42 | 1.00 | 23,337 | 79 | ||||||
| 08-31-202110 | 14.31 | (0.01) | 0.75 | 0.74 | — | — | — | 15.05 | 5.176, 7 | 0.768 | 0.418 | (0.27)8 | 4,336 | 1511 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 12.31 | 0.15 | 1.12 | 1.27 | (0.25) | — | (0.25) | 13.33 | 10.366 | 0.708 | 0.268 | 1.258 | 1,396 | 12 | ||||||
| 08-31-2023 | 12.01 | 0.18 | 0.98 | 1.16 | (0.17) | (0.69) | (0.86) | 12.31 | 10.57 | 0.72 | 0.27 | 1.51 | 5,677 | 29 | ||||||
| 08-31-2022 | 15.03 | 0.189 | (2.41) | (2.23) | (0.18) | (0.61) | (0.79) | 12.01 | (15.73) | 0.71 | 0.26 | 1.36 | 4,586 | 79 | ||||||
| 08-31-2021 | 12.15 | 0.15 | 3.21 | 3.36 | (0.17) | (0.31) | (0.48) | 15.03 | 28.26 | 0.71 | 0.26 | 1.11 | 5,128 | 15 | ||||||
| 08-31-2020 | 11.48 | 0.06 | 1.58 | 1.64 | (0.25) | (0.72) | (0.97) | 12.15 | 14.67 | 0.76 | 0.26 | 0.57 | 2,219 | 28 | ||||||
| 08-31-2019 | 12.71 | 0.239 | (0.40) | (0.17) | (0.23) | (0.83) | (1.06) | 11.48 | (0.14) | 0.65 | 0.16 | 1.969 | 52 | 18 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 12.32 | 0.23 | 1.06 | 1.29 | (0.28) | — | (0.28) | 13.33 | 10.536 | 0.368 | 0.018 | 2.488 | 83,908 | 12 | ||||||
| 08-31-2023 | 12.03 | 0.25 | 0.93 | 1.18 | (0.20) | (0.69) | (0.89) | 12.32 | 10.77 | 0.37 | 0.02 | 2.09 | 53,947 | 29 | ||||||
| 08-31-2022 | 15.05 | 0.219 | (2.40) | (2.19) | (0.22) | (0.61) | (0.83) | 12.03 | (15.51) | 0.36 | 0.01 | 1.56 | 69,354 | 79 | ||||||
| 08-31-2021 | 12.16 | 0.19 | 3.20 | 3.39 | (0.19) | (0.31) | (0.50) | 15.05 | 28.60 | 0.36 | 0.01 | 1.39 | 57,666 | 15 | ||||||
| 08-31-2020 | 11.48 | 0.23 | 1.44 | 1.67 | (0.27) | (0.72) | (0.99) | 12.16 | 14.95 | 0.42 | — | 2.04 | 24,431 | 28 | ||||||
| 08-31-2019 | 12.71 | 0.219 | (0.36) | (0.15) | (0.25) | (0.83) | (1.08) | 11.48 | 0.06 | 0.40 | — | 1.869 | 10,711 | 18 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 12.33 | 0.23 | 1.06 | 1.29 | (0.27) | — | (0.27) | 13.35 | 10.566 | 0.408 | 0.058 | 2.528 | 206,154 | 12 | ||||||
| 08-31-2023 | 12.04 | 0.20 | 0.98 | 1.18 | (0.20) | (0.69) | (0.89) | 12.33 | 10.70 | 0.41 | 0.06 | 1.69 | 192,729 | 29 | ||||||
| 08-31-2022 | 15.06 | 0.219 | (2.40) | (2.19) | (0.22) | (0.61) | (0.83) | 12.04 | (15.53) | 0.40 | 0.05 | 1.54 | 140,924 | 79 | ||||||
| 08-31-2021 | 12.16 | 0.19 | 3.21 | 3.40 | (0.19) | (0.31) | (0.50) | 15.06 | 28.63 | 0.40 | 0.05 | 1.42 | 144,622 | 15 | ||||||
| 08-31-2020 | 11.49 | 0.24 | 1.42 | 1.66 | (0.27) | (0.72) | (0.99) | 12.16 | 14.78 | 0.46 | 0.05 | 2.13 | 90,699 | 28 | ||||||
| 08-31-2019 | 12.72 | 0.239 | (0.39) | (0.16) | (0.24) | (0.83) | (1.07) | 11.49 | 0.0012 | 0.44 | 0.05 | 2.019 | 71,469 | 18 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 per share and 0.01% for the periods ended 8-31-22 and 8-31-19. |
| 10 The inception date for Class A shares is 6-21-21. |
| 11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| 12 Less than 0.005%. |
| 32 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
2050 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2050 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 12.48 | 0.21 | 1.06 | 1.27 | (0.23) | — | (0.23) | 13.52 | 10.266, 7 | 0.768 | 0.428 | 2.138 | 101,364 | 12 | ||||||
| 08-31-2023 | 12.11 | 0.15 | 1.01 | 1.16 | (0.16) | (0.63) | (0.79) | 12.48 | 10.407 | 0.76 | 0.43 | 1.28 | 75,211 | 32 | ||||||
| 08-31-2022 | 15.16 | 0.129 | (2.38) | (2.26) | (0.16) | (0.63) | (0.79) | 12.11 | (15.84)7 | 0.75 | 0.42 | 0.91 | 37,655 | 80 | ||||||
| 08-31-202110 | 14.41 | (0.01) | 0.76 | 0.75 | — | — | — | 15.16 | 5.206, 7 | 0.748 | 0.418 | (0.28)8 | 4,180 | 1711 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 12.46 | 0.15 | 1.14 | 1.29 | (0.25) | — | (0.25) | 13.50 | 10.446 | 0.698 | 0.258 | 1.128 | 1,583 | 12 | ||||||
| 08-31-2023 | 12.10 | 0.18 | 0.99 | 1.17 | (0.18) | (0.63) | (0.81) | 12.46 | 10.49 | 0.70 | 0.27 | 1.53 | 7,787 | 32 | ||||||
| 08-31-2022 | 15.14 | 0.199 | (2.42) | (2.23) | (0.18) | (0.63) | (0.81) | 12.10 | (15.65) | 0.69 | 0.26 | 1.36 | 6,648 | 80 | ||||||
| 08-31-2021 | 12.27 | 0.14 | 3.25 | 3.39 | (0.17) | (0.35) | (0.52) | 15.14 | 28.30 | 0.69 | 0.26 | 0.99 | 7,284 | 17 | ||||||
| 08-31-2020 | 11.61 | 0.10 | 1.56 | 1.66 | (0.25) | (0.75) | (1.00) | 12.27 | 14.61 | 0.73 | 0.26 | 0.95 | 2,351 | 30 | ||||||
| 08-31-2019 | 12.85 | 0.109 | (0.28) | (0.18) | (0.23) | (0.83) | (1.06) | 11.61 | (0.18) | 0.68 | 0.24 | 0.879 | 241 | 19 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 12.46 | 0.23 | 1.07 | 1.30 | (0.28) | — | (0.28) | 13.48 | 10.536 | 0.358 | 0.018 | 2.418 | 111,741 | 12 | ||||||
| 08-31-2023 | 12.11 | 0.25 | 0.94 | 1.19 | (0.21) | (0.63) | (0.84) | 12.46 | 10.71 | 0.35 | 0.02 | 2.11 | 74,465 | 32 | ||||||
| 08-31-2022 | 15.15 | 0.219 | (2.40) | (2.19) | (0.22) | (0.63) | (0.85) | 12.11 | (15.43) | 0.34 | 0.01 | 1.57 | 103,056 | 80 | ||||||
| 08-31-2021 | 12.28 | 0.19 | 3.23 | 3.42 | (0.20) | (0.35) | (0.55) | 15.15 | 28.55 | 0.34 | 0.01 | 1.42 | 94,579 | 17 | ||||||
| 08-31-2020 | 11.62 | 0.24 | 1.45 | 1.69 | (0.28) | (0.75) | (1.03) | 12.28 | 14.89 | 0.38 | — | 2.09 | 48,478 | 30 | ||||||
| 08-31-2019 | 12.85 | 0.239 | (0.38) | (0.15) | (0.25) | (0.83) | (1.08) | 11.62 | 0.11 | 0.36 | — | 1.989 | 26,188 | 19 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 12.48 | 0.23 | 1.07 | 1.30 | (0.28) | — | (0.28) | 13.50 | 10.486 | 0.398 | 0.058 | 2.558 | 255,162 | 12 | ||||||
| 08-31-2023 | 12.11 | 0.20 | 1.00 | 1.20 | (0.20) | (0.63) | (0.83) | 12.48 | 10.82 | 0.40 | 0.06 | 1.69 | 241,685 | 32 | ||||||
| 08-31-2022 | 15.16 | 0.219 | (2.42) | (2.21) | (0.21) | (0.63) | (0.84) | 12.11 | (15.52) | 0.38 | 0.05 | 1.53 | 176,669 | 80 | ||||||
| 08-31-2021 | 12.28 | 0.19 | 3.23 | 3.42 | (0.19) | (0.35) | (0.54) | 15.16 | 28.59 | 0.38 | 0.05 | 1.42 | 171,428 | 17 | ||||||
| 08-31-2020 | 11.62 | 0.25 | 1.43 | 1.68 | (0.27) | (0.75) | (1.02) | 12.28 | 14.82 | 0.42 | 0.05 | 2.16 | 109,857 | 30 | ||||||
| 08-31-2019 | 12.85 | 0.239 | (0.38) | (0.15) | (0.25) | (0.83) | (1.08) | 11.62 | 0.05 | 0.39 | 0.05 | 2.019 | 91,692 | 19 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 per share and 0.01% for the periods ended 8-31-22 and 8-31-19. |
| 10 The inception date for Class A shares is 6-21-21. |
| 11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 33 |
Financial highlights continued
2045 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2045 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 12.19 | 0.20 | 1.00 | 1.20 | (0.24) | — | (0.24) | 13.15 | 9.876, 7 | 0.768 | 0.438 | 2.148 | 124,476 | 15 | ||||||
| 08-31-2023 | 11.94 | 0.15 | 0.93 | 1.08 | (0.16) | (0.67) | (0.83) | 12.19 | 9.927 | 0.76 | 0.43 | 1.32 | 94,673 | 29 | ||||||
| 08-31-2022 | 14.96 | 0.129 | (2.33) | (2.21) | (0.16) | (0.65) | (0.81) | 11.94 | (15.74)7 | 0.74 | 0.42 | 0.94 | 44,758 | 80 | ||||||
| 08-31-202110 | 14.22 | (0.01) | 0.75 | 0.74 | — | — | — | 14.96 | 5.206, 7 | 0.728 | 0.418 | (0.28)8 | 7,583 | 1811 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 12.16 | 0.17 | 1.02 | 1.19 | (0.25) | — | (0.25) | 13.10 | 9.896 | 0.698 | 0.268 | 1.688 | 3,205 | 15 | ||||||
| 08-31-2023 | 11.91 | 0.19 | 0.91 | 1.10 | (0.18) | (0.67) | (0.85) | 12.16 | 10.11 | 0.70 | 0.27 | 1.59 | 7,909 | 29 | ||||||
| 08-31-2022 | 14.93 | 0.199 | (2.38) | (2.19) | (0.18) | (0.65) | (0.83) | 11.91 | (15.63) | 0.68 | 0.26 | 1.38 | 6,716 | 80 | ||||||
| 08-31-2021 | 12.11 | 0.15 | 3.19 | 3.34 | (0.17) | (0.35) | (0.52) | 14.93 | 28.31 | 0.67 | 0.26 | 1.12 | 7,411 | 18 | ||||||
| 08-31-2020 | 11.49 | 0.13 | 1.51 | 1.64 | (0.26) | (0.76) | (1.02) | 12.11 | 14.67 | 0.70 | 0.27 | 1.18 | 3,188 | 33 | ||||||
| 08-31-2019 | 12.76 | 0.209 | (0.38) | (0.18) | (0.23) | (0.86) | (1.09) | 11.49 | (0.11) | 0.60 | 0.18 | 1.729 | 50 | 19 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 12.20 | 0.22 | 1.00 | 1.22 | (0.28) | — | (0.28) | 13.14 | 10.116 | 0.348 | 0.018 | 2.508 | 127,942 | 15 | ||||||
| 08-31-2023 | 11.95 | 0.25 | 0.88 | 1.13 | (0.21) | (0.67) | (0.88) | 12.20 | 10.38 | 0.35 | 0.02 | 2.13 | 90,644 | 29 | ||||||
| 08-31-2022 | 14.97 | 0.229 | (2.37) | (2.15) | (0.22) | (0.65) | (0.87) | 11.95 | (15.39) | 0.33 | 0.01 | 1.60 | 122,435 | 80 | ||||||
| 08-31-2021 | 12.14 | 0.20 | 3.18 | 3.38 | (0.20) | (0.35) | (0.55) | 14.97 | 28.59 | 0.32 | 0.01 | 1.44 | 116,109 | 18 | ||||||
| 08-31-2020 | 11.51 | 0.24 | 1.43 | 1.67 | (0.28) | (0.76) | (1.04) | 12.14 | 14.94 | 0.35 | — | 2.16 | 66,299 | 33 | ||||||
| 08-31-2019 | 12.77 | 0.229 | (0.37) | (0.15) | (0.25) | (0.86) | (1.11) | 11.51 | 0.09 | 0.33 | — | 1.969 | 44,013 | 19 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 12.19 | 0.23 | 0.99 | 1.22 | (0.28) | — | (0.28) | 13.13 | 10.086 | 0.398 | 0.068 | 2.628 | 317,600 | 15 | ||||||
| 08-31-2023 | 11.94 | 0.21 | 0.92 | 1.13 | (0.21) | (0.67) | (0.88) | 12.19 | 10.33 | 0.39 | 0.06 | 1.75 | 310,455 | 29 | ||||||
| 08-31-2022 | 14.96 | 0.219 | (2.37) | (2.16) | (0.21) | (0.65) | (0.86) | 11.94 | (15.43) | 0.37 | 0.05 | 1.56 | 235,373 | 80 | ||||||
| 08-31-2021 | 12.13 | 0.19 | 3.19 | 3.38 | (0.20) | (0.35) | (0.55) | 14.96 | 28.56 | 0.36 | 0.05 | 1.41 | 241,713 | 18 | ||||||
| 08-31-2020 | 11.50 | 0.24 | 1.42 | 1.66 | (0.27) | (0.76) | (1.03) | 12.13 | 14.89 | 0.39 | 0.05 | 2.15 | 142,635 | 33 | ||||||
| 08-31-2019 | 12.76 | 0.239 | (0.39) | (0.16) | (0.24) | (0.86) | (1.10) | 11.50 | 0.03 | 0.37 | 0.05 | 2.029 | 120,446 | 19 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 per share and 0.01% for the periods ended 8-31-22 and 8-31-19. |
| 10 The inception date for Class A shares is 6-21-21. |
| 11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| 34 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
2040 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2040 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 11.93 | 0.20 | 0.89 | 1.09 | (0.24) | — | (0.24) | 12.78 | 9.066, 7 | 0.788 | 0.458 | 2.328 | 126,329 | 17 | ||||||
| 08-31-2023 | 11.77 | 0.17 | 0.77 | 0.94 | (0.16) | (0.62) | (0.78) | 11.93 | 8.727 | 0.78 | 0.45 | 1.50 | 97,674 | 23 | ||||||
| 08-31-2022 | 14.71 | 0.14 | (2.29) | (2.15) | (0.17) | (0.62) | (0.79) | 11.77 | (15.55)7 | 0.76 | 0.43 | 1.11 | 48,066 | 75 | ||||||
| 08-31-20219 | 14.02 | (0.01) | 0.70 | 0.69 | — | — | — | 14.71 | 4.926, 7 | 0.748 | 0.418 | (0.21)8 | 7,706 | 2010 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 11.93 | 0.14 | 0.94 | 1.08 | (0.25) | — | (0.25) | 12.76 | 9.146 | 0.718 | 0.288 | 1.308 | 840 | 17 | ||||||
| 08-31-2023 | 11.77 | 0.20 | 0.76 | 0.96 | (0.18) | (0.62) | (0.80) | 11.93 | 8.88 | 0.72 | 0.29 | 1.76 | 7,572 | 23 | ||||||
| 08-31-2022 | 14.71 | 0.20 | (2.32) | (2.12) | (0.20) | (0.62) | (0.82) | 11.77 | (15.40) | 0.70 | 0.27 | 1.49 | 7,079 | 75 | ||||||
| 08-31-2021 | 12.12 | 0.13 | 3.05 | 3.18 | (0.18) | (0.41) | (0.59) | 14.71 | 26.96 | 0.68 | 0.26 | 0.95 | 7,774 | 20 | ||||||
| 08-31-2020 | 11.50 | 0.08 | 1.57 | 1.65 | (0.26) | (0.77) | (1.03) | 12.12 | 14.75 | 0.69 | 0.26 | 0.77 | 1,808 | 41 | ||||||
| 08-31-2019 | 12.79 | 0.2311 | (0.38) | (0.15) | (0.23) | (0.91) | (1.14) | 11.50 | 0.11 | 0.58 | 0.17 | 1.9611 | 54 | 18 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 11.94 | 0.21 | 0.89 | 1.10 | (0.28) | — | (0.28) | 12.76 | 9.306 | 0.368 | 0.038 | 2.548 | 171,370 | 17 | ||||||
| 08-31-2023 | 11.78 | 0.25 | 0.74 | 0.99 | (0.21) | (0.62) | (0.83) | 11.94 | 9.18 | 0.37 | 0.04 | 2.13 | 111,762 | 23 | ||||||
| 08-31-2022 | 14.72 | 0.23 | (2.32) | (2.09) | (0.23) | (0.62) | (0.85) | 11.78 | (15.19) | 0.36 | 0.02 | 1.71 | 107,439 | 75 | ||||||
| 08-31-2021 | 12.13 | 0.20 | 3.00 | 3.20 | (0.20) | (0.41) | (0.61) | 14.72 | 27.21 | 0.33 | 0.01 | 1.50 | 101,995 | 20 | ||||||
| 08-31-2020 | 11.50 | 0.25 | 1.43 | 1.68 | (0.28) | (0.77) | (1.05) | 12.13 | 15.05 | 0.35 | 0.01 | 2.21 | 56,804 | 41 | ||||||
| 08-31-2019 | 12.80 | 0.2311 | (0.37) | (0.14) | (0.25) | (0.91) | (1.16) | 11.50 | 0.23 | 0.33 | — | 2.0111 | 37,168 | 18 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 11.93 | 0.22 | 0.89 | 1.11 | (0.28) | — | (0.28) | 12.76 | 9.356 | 0.418 | 0.088 | 2.738 | 363,110 | 17 | ||||||
| 08-31-2023 | 11.78 | 0.22 | 0.75 | 0.97 | (0.20) | (0.62) | (0.82) | 11.93 | 9.04 | 0.41 | 0.08 | 1.93 | 341,454 | 23 | ||||||
| 08-31-2022 | 14.72 | 0.22 | (2.31) | (2.09) | (0.23) | (0.62) | (0.85) | 11.78 | (15.22) | 0.40 | 0.06 | 1.67 | 273,561 | 75 | ||||||
| 08-31-2021 | 12.13 | 0.20 | 3.00 | 3.20 | (0.20) | (0.41) | (0.61) | 14.72 | 27.16 | 0.37 | 0.05 | 1.51 | 273,588 | 20 | ||||||
| 08-31-2020 | 11.50 | 0.25 | 1.42 | 1.67 | (0.27) | (0.77) | (1.04) | 12.13 | 14.98 | 0.39 | 0.06 | 2.23 | 171,471 | 41 | ||||||
| 08-31-2019 | 12.79 | 0.2411 | (0.38) | (0.14) | (0.24) | (0.91) | (1.15) | 11.50 | 0.25 | 0.37 | 0.05 | 2.0411 | 152,593 | 18 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| 11 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 per share and less than 0.005% for the period ended 8-31-19. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 35 |
Financial highlights continued
2035 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2035 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 11.50 | 0.20 | 0.74 | 0.94 | (0.25) | — | (0.25) | 12.19 | 8.146, 7 | 0.808 | 0.478 | 2.488 | 147,214 | 23 | ||||||
| 08-31-2023 | 11.45 | 0.19 | 0.60 | 0.79 | (0.18) | (0.56) | (0.74) | 11.50 | 7.557 | 0.79 | 0.47 | 1.71 | 113,951 | 19 | ||||||
| 08-31-2022 | 14.26 | 0.15 | (2.20) | (2.05) | (0.17) | (0.59) | (0.76) | 11.45 | (15.29)7 | 0.78 | 0.45 | 1.22 | 56,843 | 69 | ||||||
| 08-31-20219 | 13.64 | —10 | 0.62 | 0.62 | — | — | — | 14.26 | 4.556, 7 | 0.758 | 0.438 | (0.09)8 | 7,671 | 2411 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 11.49 | 0.18 | 0.78 | 0.96 | (0.27) | — | (0.27) | 12.18 | 8.396 | 0.738 | 0.308 | 2.198 | 4,008 | 23 | ||||||
| 08-31-2023 | 11.45 | 0.22 | 0.58 | 0.80 | (0.20) | (0.56) | (0.76) | 11.49 | 7.61 | 0.73 | 0.31 | 1.94 | 11,484 | 19 | ||||||
| 08-31-2022 | 14.26 | 0.21 | (2.24) | (2.03) | (0.19) | (0.59) | (0.78) | 11.45 | (15.15) | 0.72 | 0.29 | 1.62 | 9,617 | 69 | ||||||
| 08-31-2021 | 12.00 | 0.16 | 2.69 | 2.85 | (0.18) | (0.41) | (0.59) | 14.26 | 24.47 | 0.70 | 0.27 | 1.24 | 10,690 | 24 | ||||||
| 08-31-2020 | 11.40 | 0.15 | 1.42 | 1.57 | (0.27) | (0.70) | (0.97) | 12.00 | 14.15 | 0.71 | 0.29 | 1.39 | 3,970 | 42 | ||||||
| 08-31-2019 | 12.52 | 0.22 | (0.28) | (0.06) | (0.24) | (0.82) | (1.06) | 11.40 | 0.72 | 0.61 | 0.19 | 1.92 | 66 | 19 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 11.50 | 0.21 | 0.76 | 0.97 | (0.30) | — | (0.30) | 12.17 | 8.466 | 0.388 | 0.058 | 2.818 | 185,605 | 23 | ||||||
| 08-31-2023 | 11.46 | 0.25 | 0.58 | 0.83 | (0.23) | (0.56) | (0.79) | 11.50 | 7.90 | 0.38 | 0.06 | 2.23 | 136,676 | 19 | ||||||
| 08-31-2022 | 14.27 | 0.24 | (2.23) | (1.99) | (0.23) | (0.59) | (0.82) | 11.46 | (14.93) | 0.37 | 0.04 | 1.87 | 115,856 | 69 | ||||||
| 08-31-2021 | 12.01 | 0.21 | 2.67 | 2.88 | (0.21) | (0.41) | (0.62) | 14.27 | 24.73 | 0.35 | 0.02 | 1.58 | 115,558 | 24 | ||||||
| 08-31-2020 | 11.40 | 0.25 | 1.35 | 1.60 | (0.29) | (0.70) | (0.99) | 12.01 | 14.45 | 0.36 | 0.03 | 2.27 | 61,944 | 42 | ||||||
| 08-31-2019 | 12.52 | 0.24 | (0.28) | (0.04) | (0.26) | (0.82) | (1.08) | 11.40 | 0.93 | 0.34 | 0.01 | 2.11 | 38,369 | 19 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 11.51 | 0.22 | 0.74 | 0.96 | (0.29) | — | (0.29) | 12.18 | 8.336 | 0.438 | 0.108 | 2.928 | 436,870 | 23 | ||||||
| 08-31-2023 | 11.46 | 0.24 | 0.59 | 0.83 | (0.22) | (0.56) | (0.78) | 11.51 | 7.94 | 0.43 | 0.10 | 2.14 | 414,039 | 19 | ||||||
| 08-31-2022 | 14.27 | 0.23 | (2.23) | (2.00) | (0.22) | (0.59) | (0.81) | 11.46 | (14.97) | 0.41 | 0.08 | 1.81 | 329,648 | 69 | ||||||
| 08-31-2021 | 12.01 | 0.21 | 2.67 | 2.88 | (0.21) | (0.41) | (0.62) | 14.27 | 24.67 | 0.39 | 0.06 | 1.62 | 316,717 | 24 | ||||||
| 08-31-2020 | 11.40 | 0.26 | 1.33 | 1.59 | (0.28) | (0.70) | (0.98) | 12.01 | 14.40 | 0.40 | 0.08 | 2.28 | 210,077 | 42 | ||||||
| 08-31-2019 | 12.52 | 0.25 | (0.29) | (0.04) | (0.26) | (0.82) | (1.08) | 11.40 | 0.88 | 0.38 | 0.06 | 2.19 | 185,231 | 19 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Less than $0.005 per share. |
| 11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| 36 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
2030 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2030 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 11.04 | 0.19 | 0.60 | 0.79 | (0.26) | — | (0.26) | 11.57 | 7.226, 7 | 0.828 | 0.508 | 2.698 | 158,911 | 27 | ||||||
| 08-31-2023 | 11.15 | 0.21 | 0.43 | 0.64 | (0.20) | (0.55) | (0.75) | 11.04 | 6.327 | 0.82 | 0.49 | 1.95 | 125,637 | 16 | ||||||
| 08-31-2022 | 13.81 | 0.19 | (2.08) | (1.89) | (0.18) | (0.59) | (0.77) | 11.15 | (14.59)7 | 0.80 | 0.47 | 1.58 | 67,199 | 69 | ||||||
| 08-31-20219 | 13.26 | —10 | 0.55 | 0.55 | — | — | — | 13.81 | 4.156, 7 | 0.778 | 0.468 | 0.128 | 9,031 | 3111 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 11.03 | 0.19 | 0.62 | 0.81 | (0.28) | — | (0.28) | 11.56 | 7.396 | 0.768 | 0.338 | 2.728 | 5,757 | 27 | ||||||
| 08-31-2023 | 11.15 | 0.24 | 0.41 | 0.65 | (0.22) | (0.55) | (0.77) | 11.03 | 6.37 | 0.76 | 0.33 | 2.21 | 12,187 | 16 | ||||||
| 08-31-2022 | 13.81 | 0.24 | (2.11) | (1.87) | (0.20) | (0.59) | (0.79) | 11.15 | (14.44) | 0.74 | 0.31 | 1.89 | 10,514 | 69 | ||||||
| 08-31-2021 | 11.90 | 0.19 | 2.31 | 2.50 | (0.19) | (0.40) | (0.59) | 13.81 | 21.64 | 0.72 | 0.30 | 1.48 | 11,545 | 31 | ||||||
| 08-31-2020 | 11.31 | 0.19 | 1.26 | 1.45 | (0.27) | (0.59) | (0.86) | 11.90 | 13.20 | 0.74 | 0.32 | 1.78 | 6,232 | 45 | ||||||
| 08-31-2019 | 12.20 | 0.24 | (0.15) | 0.09 | (0.25) | (0.73) | (0.98) | 11.31 | 1.80 | 0.62 | 0.21 | 2.18 | 56 | 24 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 11.05 | 0.21 | 0.61 | 0.82 | (0.31) | — | (0.31) | 11.56 | 7.446 | 0.418 | 0.088 | 3.018 | 207,422 | 27 | ||||||
| 08-31-2023 | 11.16 | 0.26 | 0.42 | 0.68 | (0.24) | (0.55) | (0.79) | 11.05 | 6.76 | 0.41 | 0.08 | 2.40 | 155,732 | 16 | ||||||
| 08-31-2022 | 13.82 | 0.27 | (2.10) | (1.83) | (0.24) | (0.59) | (0.83) | 11.16 | (14.23) | 0.39 | 0.06 | 2.15 | 104,775 | 69 | ||||||
| 08-31-2021 | 11.91 | 0.22 | 2.31 | 2.53 | (0.22) | (0.40) | (0.62) | 13.82 | 21.88 | 0.37 | 0.05 | 1.68 | 102,495 | 31 | ||||||
| 08-31-2020 | 11.32 | 0.25 | 1.22 | 1.47 | (0.29) | (0.59) | (0.88) | 11.91 | 13.38 | 0.39 | 0.06 | 2.29 | 46,937 | 45 | ||||||
| 08-31-2019 | 12.21 | 0.25 | (0.14) | 0.11 | (0.27) | (0.73) | (1.00) | 11.32 | 2.01 | 0.37 | 0.04 | 2.29 | 21,285 | 24 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 11.04 | 0.21 | 0.61 | 0.82 | (0.30) | — | (0.30) | 11.56 | 7.416 | 0.458 | 0.138 | 3.118 | 416,209 | 27 | ||||||
| 08-31-2023 | 11.16 | 0.26 | 0.41 | 0.67 | (0.24) | (0.55) | (0.79) | 11.04 | 6.62 | 0.45 | 0.13 | 2.41 | 389,584 | 16 | ||||||
| 08-31-2022 | 13.82 | 0.26 | (2.10) | (1.84) | (0.23) | (0.59) | (0.82) | 11.16 | (14.25) | 0.43 | 0.10 | 2.09 | 332,831 | 69 | ||||||
| 08-31-2021 | 11.91 | 0.23 | 2.29 | 2.52 | (0.21) | (0.40) | (0.61) | 13.82 | 21.83 | 0.41 | 0.09 | 1.77 | 348,410 | 31 | ||||||
| 08-31-2020 | 11.31 | 0.26 | 1.21 | 1.47 | (0.28) | (0.59) | (0.87) | 11.91 | 13.43 | 0.42 | 0.11 | 2.35 | 245,230 | 45 | ||||||
| 08-31-2019 | 12.20 | 0.26 | (0.16) | 0.10 | (0.26) | (0.73) | (0.99) | 11.31 | 1.94 | 0.41 | 0.09 | 2.33 | 216,585 | 24 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Less than $0.005 per share. |
| 11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 37 |
Financial highlights continued
2025 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2025 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 10.57 | 0.18 | 0.47 | 0.65 | (0.28) | — | (0.28) | 10.94 | 6.196, 7 | 0.878 | 0.568 | 2.898 | 187,095 | 36 | ||||||
| 08-31-2023 | 10.67 | 0.23 | 0.27 | 0.50 | (0.22) | (0.38) | (0.60) | 10.57 | 5.057 | 0.86 | 0.54 | 2.26 | 150,550 | 21 | ||||||
| 08-31-2022 | 13.07 | 0.21 | (1.84) | (1.63) | (0.19) | (0.58) | (0.77) | 10.67 | (13.36)7 | 0.84 | 0.51 | 1.88 | 85,495 | 59 | ||||||
| 08-31-20219 | 12.62 | 0.01 | 0.44 | 0.45 | — | — | — | 13.07 | 3.576, 7 | 0.818 | 0.498 | 0.458 | 12,112 | 4110 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 10.57 | 0.19 | 0.47 | 0.66 | (0.30) | — | (0.30) | 10.93 | 6.266 | 0.808 | 0.398 | 3.008 | 2,170 | 36 | ||||||
| 08-31-2023 | 10.66 | 0.26 | 0.26 | 0.52 | (0.23) | (0.38) | (0.61) | 10.57 | 5.32 | 0.80 | 0.38 | 2.49 | 6,192 | 21 | ||||||
| 08-31-2022 | 13.07 | 0.26 | (1.88) | (1.62) | (0.21) | (0.58) | (0.79) | 10.66 | (13.30) | 0.78 | 0.35 | 2.15 | 6,167 | 59 | ||||||
| 08-31-2021 | 11.62 | 0.20 | 1.88 | 2.08 | (0.20) | (0.43) | (0.63) | 13.07 | 18.50 | 0.76 | 0.34 | 1.67 | 7,251 | 41 | ||||||
| 08-31-2020 | 11.15 | 0.20 | 1.07 | 1.27 | (0.28) | (0.52) | (0.80) | 11.62 | 11.74 | 0.77 | 0.36 | 1.82 | 4,177 | 62 | ||||||
| 08-31-2019 | 11.86 | 0.27 | (0.04) | 0.23 | (0.27) | (0.67) | (0.94) | 11.15 | 2.94 | 0.66 | 0.25 | 2.40 | 55 | 25 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 10.58 | 0.20 | 0.48 | 0.68 | (0.33) | — | (0.33) | 10.93 | 6.416 | 0.468 | 0.148 | 3.238 | 141,418 | 36 | ||||||
| 08-31-2023 | 10.68 | 0.28 | 0.26 | 0.54 | (0.26) | (0.38) | (0.64) | 10.58 | 5.50 | 0.45 | 0.13 | 2.70 | 117,356 | 21 | ||||||
| 08-31-2022 | 13.09 | 0.28 | (1.87) | (1.59) | (0.24) | (0.58) | (0.82) | 10.68 | (13.06) | 0.43 | 0.10 | 2.39 | 85,455 | 59 | ||||||
| 08-31-2021 | 11.63 | 0.23 | 1.89 | 2.12 | (0.23) | (0.43) | (0.66) | 13.09 | 18.84 | 0.41 | 0.09 | 1.89 | 91,021 | 41 | ||||||
| 08-31-2020 | 11.15 | 0.27 | 1.03 | 1.30 | (0.30) | (0.52) | (0.82) | 11.63 | 11.98 | 0.42 | 0.10 | 2.45 | 43,689 | 62 | ||||||
| 08-31-2019 | 11.87 | 0.24 | —11 | 0.24 | (0.29) | (0.67) | (0.96) | 11.15 | 3.05 | 0.41 | 0.08 | 2.23 | 17,092 | 25 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 10.57 | 0.21 | 0.46 | 0.67 | (0.32) | — | (0.32) | 10.92 | 6.376 | 0.508 | 0.188 | 3.358 | 270,047 | 36 | ||||||
| 08-31-2023 | 10.67 | 0.28 | 0.25 | 0.53 | (0.25) | (0.38) | (0.63) | 10.57 | 5.45 | 0.49 | 0.17 | 2.69 | 278,000 | 21 | ||||||
| 08-31-2022 | 13.08 | 0.28 | (1.88) | (1.60) | (0.23) | (0.58) | (0.81) | 10.67 | (13.10) | 0.47 | 0.14 | 2.35 | 261,009 | 59 | ||||||
| 08-31-2021 | 11.62 | 0.24 | 1.88 | 2.12 | (0.23) | (0.43) | (0.66) | 13.08 | 18.81 | 0.45 | 0.13 | 1.94 | 273,108 | 41 | ||||||
| 08-31-2020 | 11.14 | 0.27 | 1.02 | 1.29 | (0.29) | (0.52) | (0.81) | 11.62 | 11.94 | 0.46 | 0.15 | 2.46 | 205,297 | 62 | ||||||
| 08-31-2019 | 11.86 | 0.28 | (0.05) | 0.23 | (0.28) | (0.67) | (0.95) | 11.14 | 2.99 | 0.44 | 0.13 | 2.52 | 200,661 | 25 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| 11 Less than $0.005 per share. |
| 38 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
2020 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2020 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 10.15 | 0.18 | 0.39 | 0.57 | (0.29) | — | (0.29) | 10.43 | 5.646, 7 | 0.948 | 0.608 | 3.068 | 103,360 | 41 | ||||||
| 08-31-2023 | 10.19 | 0.25 | 0.18 | 0.43 | (0.23) | (0.24) | (0.47) | 10.15 | 4.527 | 0.93 | 0.59 | 2.49 | 92,504 | 23 | ||||||
| 08-31-2022 | 12.40 | 0.23 | (1.65) | (1.42) | (0.20) | (0.59) | (0.79) | 10.19 | (12.31)7 | 0.94 | 0.57 | 2.16 | 58,199 | 54 | ||||||
| 08-31-20219 | 12.04 | 0.01 | 0.35 | 0.36 | — | — | — | 12.40 | 2.996, 7 | 0.918 | 0.558 | 0.568 | 8,174 | 4810 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 10.14 | 0.19 | 0.39 | 0.58 | (0.31) | — | (0.31) | 10.41 | 5.706 | 0.878 | 0.448 | 3.328 | 1,319 | 41 | ||||||
| 08-31-2023 | 10.18 | 0.27 | 0.18 | 0.45 | (0.25) | (0.24) | (0.49) | 10.14 | 4.68 | 0.87 | 0.43 | 2.71 | 3,448 | 23 | ||||||
| 08-31-2022 | 12.39 | 0.27 | (1.67) | (1.40) | (0.22) | (0.59) | (0.81) | 10.18 | (12.17) | 0.87 | 0.41 | 2.36 | 3,551 | 54 | ||||||
| 08-31-2021 | 11.34 | 0.22 | 1.44 | 1.66 | (0.22) | (0.39) | (0.61) | 12.39 | 15.08 | 0.86 | 0.40 | 1.89 | 5,186 | 48 | ||||||
| 08-31-2020 | 11.01 | 0.24 | 0.80 | 1.04 | (0.29) | (0.42) | (0.71) | 11.34 | 9.66 | 0.86 | 0.39 | 2.26 | 4,746 | 78 | ||||||
| 08-31-2019 | 11.48 | 0.24 | 0.13 | 0.37 | (0.28) | (0.56) | (0.84) | 11.01 | 4.12 | 0.75 | 0.29 | 2.25 | 101 | 24 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 10.17 | 0.19 | 0.40 | 0.59 | (0.33) | — | (0.33) | 10.43 | 5.736 | 0.528 | 0.198 | 3.418 | 57,564 | 41 | ||||||
| 08-31-2023 | 10.21 | 0.29 | 0.18 | 0.47 | (0.27) | (0.24) | (0.51) | 10.17 | 4.94 | 0.52 | 0.18 | 2.92 | 53,407 | 23 | ||||||
| 08-31-2022 | 12.42 | 0.30 | (1.67) | (1.37) | (0.25) | (0.59) | (0.84) | 10.21 | (11.92) | 0.53 | 0.16 | 2.62 | 42,809 | 54 | ||||||
| 08-31-2021 | 11.36 | 0.25 | 1.45 | 1.70 | (0.25) | (0.39) | (0.64) | 12.42 | 15.41 | 0.51 | 0.14 | 2.12 | 47,943 | 48 | ||||||
| 08-31-2020 | 11.02 | 0.27 | 0.80 | 1.07 | (0.31) | (0.42) | (0.73) | 11.36 | 9.97 | 0.51 | 0.13 | 2.52 | 38,491 | 78 | ||||||
| 08-31-2019 | 11.49 | 0.27 | 0.12 | 0.39 | (0.30) | (0.56) | (0.86) | 11.02 | 4.32 | 0.47 | 0.10 | 2.54 | 9,368 | 24 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 10.15 | 0.20 | 0.40 | 0.60 | (0.33) | — | (0.33) | 10.42 | 5.816 | 0.578 | 0.238 | 3.508 | 115,678 | 41 | ||||||
| 08-31-2023 | 10.20 | 0.29 | 0.17 | 0.46 | (0.27) | (0.24) | (0.51) | 10.15 | 4.79 | 0.57 | 0.23 | 2.89 | 120,362 | 23 | ||||||
| 08-31-2022 | 12.41 | 0.29 | (1.67) | (1.38) | (0.24) | (0.59) | (0.83) | 10.20 | (11.96) | 0.57 | 0.20 | 2.58 | 113,942 | 54 | ||||||
| 08-31-2021 | 11.35 | 0.25 | 1.44 | 1.69 | (0.24) | (0.39) | (0.63) | 12.41 | 15.37 | 0.55 | 0.19 | 2.11 | 137,412 | 48 | ||||||
| 08-31-2020 | 11.01 | 0.29 | 0.77 | 1.06 | (0.30) | (0.42) | (0.72) | 11.35 | 9.93 | 0.54 | 0.18 | 2.70 | 107,158 | 78 | ||||||
| 08-31-2019 | 11.48 | 0.30 | 0.08 | 0.38 | (0.29) | (0.56) | (0.85) | 11.01 | 4.27 | 0.50 | 0.15 | 2.73 | 124,872 | 24 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 39 |
Financial highlights continued
2015 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2015 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 9.76 | 0.17 | 0.35 | 0.52 | (0.28) | — | (0.28) | 10.00 | 5.236, 7 | 1.078 | 0.628 | 3.158 | 29,993 | 46 | ||||||
| 08-31-2023 | 9.79 | 0.25 | 0.15 | 0.40 | (0.24) | (0.19) | (0.43) | 9.76 | 4.307 | 1.09 | 0.61 | 2.62 | 25,675 | 28 | ||||||
| 08-31-2022 | 11.76 | 0.24 | (1.51) | (1.27) | (0.19) | (0.51) | (0.70) | 9.79 | (11.55)7 | 1.11 | 0.58 | 2.34 | 12,908 | 64 | ||||||
| 08-31-20219 | 11.46 | 0.02 | 0.28 | 0.30 | — | — | — | 11.76 | 2.626, 7 | 1.128 | 0.578 | 0.818 | 1,932 | 5810 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 9.75 | 0.19 | 0.34 | 0.53 | (0.30) | — | (0.30) | 9.98 | 5.396 | 0.998 | 0.458 | 3.528 | 128 | 46 | ||||||
| 08-31-2023 | 9.78 | 0.27 | 0.14 | 0.41 | (0.25) | (0.19) | (0.44) | 9.75 | 4.45 | 1.03 | 0.45 | 2.82 | 524 | 28 | ||||||
| 08-31-2022 | 11.75 | 0.27 | (1.52) | (1.25) | (0.21) | (0.51) | (0.72) | 9.78 | (11.41) | 1.06 | 0.42 | 2.50 | 592 | 64 | ||||||
| 08-31-2021 | 11.00 | 0.22 | 1.16 | 1.38 | (0.21) | (0.42) | (0.63) | 11.75 | 13.00 | 1.07 | 0.41 | 1.98 | 672 | 58 | ||||||
| 08-31-2020 | 10.82 | 0.22 | 0.67 | 0.89 | (0.30) | (0.41) | (0.71) | 11.00 | 8.45 | 1.11 | 0.40 | 2.12 | 1,582 | 99 | ||||||
| 08-31-2019 | 11.07 | 0.29 | 0.20 | 0.49 | (0.29) | (0.45) | (0.74) | 10.82 | 5.20 | 0.90 | 0.27 | 2.73 | 50 | 27 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 9.77 | 0.18 | 0.36 | 0.54 | (0.32) | — | (0.32) | 9.99 | 5.536 | 0.658 | 0.208 | 3.438 | 23,902 | 46 | ||||||
| 08-31-2023 | 9.81 | 0.29 | 0.13 | 0.42 | (0.27) | (0.19) | (0.46) | 9.77 | 4.61 | 0.68 | 0.20 | 3.02 | 18,648 | 28 | ||||||
| 08-31-2022 | 11.77 | 0.30 | (1.51) | (1.21) | (0.24) | (0.51) | (0.75) | 9.81 | (11.08) | 0.71 | 0.17 | 2.76 | 17,101 | 64 | ||||||
| 08-31-2021 | 11.02 | 0.26 | 1.15 | 1.41 | (0.24) | (0.42) | (0.66) | 11.77 | 13.24 | 0.72 | 0.16 | 2.27 | 19,660 | 58 | ||||||
| 08-31-2020 | 10.82 | 0.28 | 0.64 | 0.92 | (0.31) | (0.41) | (0.72) | 11.02 | 8.81 | 0.76 | 0.14 | 2.63 | 15,783 | 99 | ||||||
| 08-31-2019 | 11.07 | 0.27 | 0.23 | 0.50 | (0.30) | (0.45) | (0.75) | 10.82 | 5.39 | 0.65 | 0.10 | 2.57 | 3,227 | 27 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 9.77 | 0.19 | 0.35 | 0.54 | (0.32) | — | (0.32) | 9.99 | 5.396 | 0.708 | 0.258 | 3.608 | 32,581 | 46 | ||||||
| 08-31-2023 | 9.80 | 0.29 | 0.15 | 0.44 | (0.28) | (0.19) | (0.47) | 9.77 | 4.71 | 0.72 | 0.24 | 3.01 | 33,628 | 28 | ||||||
| 08-31-2022 | 11.77 | 0.30 | (1.53) | (1.23) | (0.23) | (0.51) | (0.74) | 9.80 | (11.20) | 0.75 | 0.22 | 2.74 | 32,841 | 64 | ||||||
| 08-31-2021 | 11.02 | 0.25 | 1.16 | 1.41 | (0.24) | (0.42) | (0.66) | 11.77 | 13.19 | 0.76 | 0.21 | 2.23 | 34,767 | 58 | ||||||
| 08-31-2020 | 10.82 | 0.29 | 0.63 | 0.92 | (0.31) | (0.41) | (0.72) | 11.02 | 8.76 | 0.80 | 0.19 | 2.72 | 28,901 | 99 | ||||||
| 08-31-2019 | 11.07 | 0.30 | 0.20 | 0.50 | (0.30) | (0.45) | (0.75) | 10.82 | 5.33 | 0.69 | 0.15 | 2.84 | 36,564 | 27 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| 40 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
2010 Lifetime Blend Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in thousands) | Portfolio turnover (%) | ||||||
| 2010 Lifetime Blend Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 9.54 | 0.17 | 0.30 | 0.47 | (0.30) | — | (0.30) | 9.71 | 4.886, 7 | 1.168 | 0.648 | 3.228 | 12,075 | 49 | ||||||
| 08-31-2023 | 9.67 | 0.27 | 0.09 | 0.36 | (0.27) | (0.22) | (0.49) | 9.54 | 4.027 | 1.20 | 0.63 | 2.84 | 10,298 | 35 | ||||||
| 08-31-2022 | 11.49 | 0.26 | (1.42) | (1.16) | (0.21) | (0.45) | (0.66) | 9.67 | (10.72)7 | 1.26 | 0.60 | 2.55 | 3,404 | 69 | ||||||
| 08-31-20219 | 11.23 | 0.04 | 0.22 | 0.26 | — | — | — | 11.49 | 2.326, 7 | 1.258 | 0.598 | 1.798 | 79 | 6210 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-29-20245 | 9.53 | 0.18 | 0.30 | 0.48 | (0.31) | — | (0.31) | 9.70 | 4.936 | 1.058 | 0.438 | 3.498 | 96 | 49 | ||||||
| 08-31-2023 | 9.66 | 0.29 | 0.09 | 0.38 | (0.29) | (0.22) | (0.51) | 9.53 | 4.19 | 1.12 | 0.45 | 3.04 | 113 | 35 | ||||||
| 08-31-2022 | 11.48 | 0.29 | (1.43) | (1.14) | (0.23) | (0.45) | (0.68) | 9.66 | (10.58) | 1.18 | 0.42 | 2.71 | 218 | 69 | ||||||
| 08-31-2021 | 10.84 | 0.24 | 0.96 | 1.20 | (0.22) | (0.34) | (0.56) | 11.48 | 11.36 | 1.16 | 0.40 | 2.14 | 241 | 62 | ||||||
| 08-31-2020 | 10.53 | 0.25 | 0.57 | 0.82 | (0.27) | (0.24) | (0.51) | 10.84 | 7.92 | 1.25 | 0.38 | 2.44 | 207 | 96 | ||||||
| 08-31-2019 | 10.81 | 0.29 | 0.25 | 0.54 | (0.31) | (0.51) | (0.82) | 10.53 | 5.91 | 1.07 | 0.28 | 2.84 | 50 | 35 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 9.55 | 0.18 | 0.30 | 0.48 | (0.33) | — | (0.33) | 9.70 | 5.066 | 0.748 | 0.228 | 3.548 | 13,122 | 49 | ||||||
| 08-31-2023 | 9.68 | 0.30 | 0.10 | 0.40 | (0.31) | (0.22) | (0.53) | 9.55 | 4.46 | 0.79 | 0.22 | 3.15 | 10,672 | 35 | ||||||
| 08-31-2022 | 11.50 | 0.31 | (1.42) | (1.11) | (0.26) | (0.45) | (0.71) | 9.68 | (10.34) | 0.86 | 0.19 | 2.92 | 7,161 | 69 | ||||||
| 08-31-2021 | 10.86 | 0.26 | 0.96 | 1.22 | (0.24) | (0.34) | (0.58) | 11.50 | 11.57 | 0.84 | 0.18 | 2.33 | 7,176 | 62 | ||||||
| 08-31-2020 | 10.55 | 0.32 | 0.51 | 0.83 | (0.28) | (0.24) | (0.52) | 10.86 | 8.09 | 0.92 | 0.14 | 3.05 | 4,651 | 96 | ||||||
| 08-31-2019 | 10.83 | 0.28 | 0.28 | 0.56 | (0.33) | (0.51) | (0.84) | 10.55 | 6.10 | 0.82 | 0.11 | 2.77 | 2,172 | 35 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 9.54 | 0.19 | 0.29 | 0.48 | (0.33) | — | (0.33) | 9.69 | 5.036 | 0.788 | 0.278 | 3.658 | 35,363 | 49 | ||||||
| 08-31-2023 | 9.67 | 0.30 | 0.10 | 0.40 | (0.31) | (0.22) | (0.53) | 9.54 | 4.43 | 0.83 | 0.26 | 3.14 | 38,203 | 35 | ||||||
| 08-31-2022 | 11.49 | 0.30 | (1.41) | (1.11) | (0.26) | (0.45) | (0.71) | 9.67 | (10.38) | 0.90 | 0.23 | 2.89 | 33,971 | 69 | ||||||
| 08-31-2021 | 10.85 | 0.26 | 0.95 | 1.21 | (0.23) | (0.34) | (0.57) | 11.49 | 11.53 | 0.88 | 0.22 | 2.32 | 33,215 | 62 | ||||||
| 08-31-2020 | 10.54 | 0.28 | 0.55 | 0.83 | (0.28) | (0.24) | (0.52) | 10.85 | 8.04 | 0.96 | 0.19 | 2.74 | 27,389 | 96 | ||||||
| 08-31-2019 | 10.82 | 0.30 | 0.25 | 0.55 | (0.32) | (0.51) | (0.83) | 10.54 | 6.05 | 0.86 | 0.16 | 2.95 | 24,556 | 35 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 6-21-21. |
| 10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 41 |
Notes to financial statements (unaudited)
Note 1—Organization
John Hancock Funds II (the Trust) is
an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple
investment series, twelve of which are presented in this report (collectively, the Lifetime Blend Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as “funds of
funds” that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.
The portfolios may offer multiple
classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A shares are offered to all investors. Class R4 shares are available only to certain
retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation.
Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
The investment objective of each
portfolio is to seek high total return through each portfolio’s target retirement dates, with a greater focus on income beyond the target dates. Total return, commonly understood as the combination of income and
capital appreciation, includes interest, capital gains, dividends, and distributions realized over a given period of time.
The accounting policies of the
underlying funds in which the portfolios invest are outlined in the underlying funds’ shareholder reports, which include the underlying funds’ financial statements. These are available on the Securities
and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds’ shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds
are not covered by this report.
Note 2—Significant accounting policies
The financial statements have been
prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial
statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US
GAAP.
Events or transactions occurring
after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting
policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other
disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the
NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
In order to value the securities,
the portfolios use the following valuation techniques: Investments by the portfolios in underlying affiliated funds and other open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their
respective NAVs each business day. Equity securities, including exchange-traded funds or closed-end funds, held by the portfolios are typically valued at the last sale price or official closing price on the exchange
or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are
typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes 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, as well as broker supplied prices. Foreign securities and currencies are valued in U.S.
dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
In certain instances, the Pricing
Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for
trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and
assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the
Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready
market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of
securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by
the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain
foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The portfolios use a three tier
hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical
securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates,
prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes
securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in
determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the
risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
| 42 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
The following is a summary of the
values by input classification of the portfolios’ investments as of February 29, 2024, by major security category or type:
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| 2065 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $30,991,299 | $30,991,299 | — | — |
| Unaffiliated investment companies | 24,576,683 | 24,576,683 | — | — |
| Common stocks | 757 | — | — | $757 |
| U.S. Government and Agency obligations | 1,107,610 | — | $1,107,610 | — |
| Short-term investments | 2,213 | 2,213 | — | — |
| Total investments in securities | $56,678,562 | $55,570,195 | $1,107,610 | $757 |
| 2060 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $110,002,997 | $110,002,997 | — | — |
| Unaffiliated investment companies | 87,622,129 | 87,622,129 | — | — |
| Common stocks | 5,872 | — | — | $5,872 |
| U.S. Government and Agency obligations | 4,028,822 | — | $4,028,822 | — |
| Short-term investments | 5,164,333 | 5,164,333 | — | — |
| Total investments in securities | $206,824,153 | $202,789,459 | $4,028,822 | $5,872 |
| 2055 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $198,126,329 | $198,126,329 | — | — |
| Unaffiliated investment companies | 157,634,184 | 157,634,184 | — | — |
| Common stocks | 12,293 | — | — | $12,293 |
| U.S. Government and Agency obligations | 7,330,659 | — | $7,330,659 | — |
| Short-term investments | 524,893 | 524,893 | — | — |
| Total investments in securities | $363,628,358 | $356,285,406 | $7,330,659 | $12,293 |
| 2050 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $255,747,201 | $255,747,201 | — | — |
| Unaffiliated investment companies | 204,446,173 | 204,446,173 | — | — |
| Common stocks | 16,840 | — | — | $16,840 |
| U.S. Government and Agency obligations | 9,561,015 | — | $9,561,015 | — |
| Short-term investments | 9,670,639 | 9,670,639 | — | — |
| Total investments in securities | $479,441,868 | $469,864,013 | $9,561,015 | $16,840 |
| 2045 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $309,275,352 | $309,275,352 | — | — |
| Unaffiliated investment companies | 249,170,690 | 249,170,690 | — | — |
| Common stocks | 21,498 | — | — | $21,498 |
| U.S. Government and Agency obligations | 14,660,967 | — | $14,660,967 | — |
| Short-term investments | 3,917,936 | 3,917,936 | — | — |
| Total investments in securities | $577,046,443 | $562,363,978 | $14,660,967 | $21,498 |
| 2040 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 43 |
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| 2040 Lifetime Blend Portfolio (continued) | ||||
| Affiliated investment companies | $350,435,369 | $350,435,369 | — | — |
| Unaffiliated investment companies | 289,298,581 | 289,298,581 | — | — |
| Common stocks | 20,721 | — | — | $20,721 |
| U.S. Government and Agency obligations | 21,793,684 | — | $21,793,684 | — |
| Short-term investments | 8,439,457 | 8,439,457 | — | — |
| Total investments in securities | $669,987,812 | $648,173,407 | $21,793,684 | $20,721 |
| 2035 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $408,942,603 | $408,942,603 | — | — |
| Unaffiliated investment companies | 332,088,557 | 332,088,557 | — | — |
| Common stocks | 22,178 | — | — | $22,178 |
| U.S. Government and Agency obligations | 32,548,687 | — | $32,548,687 | — |
| Short-term investments | 22,996,875 | 22,996,875 | — | — |
| Total investments in securities | $796,598,900 | $764,028,035 | $32,548,687 | $22,178 |
| 2030 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $401,564,487 | $401,564,487 | — | — |
| Unaffiliated investment companies | 343,152,823 | 343,152,823 | — | — |
| Common stocks | 19,868 | — | — | $19,868 |
| U.S. Government and Agency obligations | 43,414,088 | — | $43,414,088 | — |
| Short-term investments | 5,016,808 | 5,016,808 | — | — |
| Total investments in securities | $793,168,074 | $749,734,118 | $43,414,088 | $19,868 |
| 2025 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $279,955,905 | $279,955,905 | — | — |
| Unaffiliated investment companies | 282,206,931 | 282,206,931 | — | — |
| Common stocks | 13,391 | — | — | $13,391 |
| U.S. Government and Agency obligations | 38,593,983 | — | $38,593,983 | — |
| Short-term investments | 10,301,710 | 10,301,710 | — | — |
| Total investments in securities | $611,071,920 | $572,464,546 | $38,593,983 | $13,391 |
| 2020 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $114,869,575 | $114,869,575 | — | — |
| Unaffiliated investment companies | 143,101,780 | 143,101,780 | — | — |
| Common stocks | 4,130 | — | — | $4,130 |
| U.S. Government and Agency obligations | 19,887,581 | — | $19,887,581 | — |
| Short-term investments | 22,652 | 22,652 | — | — |
| Total investments in securities | $277,885,718 | $257,994,007 | $19,887,581 | $4,130 |
| 2015 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets |
| 44 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| 2015 Lifetime Blend Portfolio (continued) | ||||
| Affiliated investment companies | $35,528,722 | $35,528,722 | — | — |
| Unaffiliated investment companies | 44,217,135 | 44,217,135 | — | — |
| Common stocks | 1,062 | — | — | $1,062 |
| U.S. Government and Agency obligations | 6,828,877 | — | $6,828,877 | — |
| Short-term investments | 2,885 | 2,885 | — | — |
| Total investments in securities | $86,578,681 | $79,748,742 | $6,828,877 | $1,062 |
| 2010 Lifetime Blend Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $23,719,005 | $23,719,005 | — | — |
| Unaffiliated investment companies | 31,913,438 | 31,913,438 | — | — |
| Common stocks | 568 | — | — | $568 |
| U.S. Government and Agency obligations | 5,011,879 | — | $5,011,879 | — |
| Short-term investments | 1,189 | 1,189 | — | — |
| Total investments in securities | $60,646,079 | $55,633,632 | $5,011,879 | $568 |
Level 3 includes securities valued
at $0. Refer to Portfolios’ investments.
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation,
such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are
recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously
recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or
principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying
assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in
response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or
interest payments because the borrower or issuer has defaulted on its obligation.
Real estate investment trusts. The portfolios may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of their fiscal
year as a reduction of cost of investments and/or as a realized gain. As a result, the portfolios will estimate the components of distributions from these securities. Such estimates are revised when the actual
components of the distributions are known.
Security transactions and related
investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are
reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a
non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain
distributions from underlying funds are recorded on ex-date. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In
those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received.
Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Securities lending. The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned
securities. The portfolios may invest their cash collateral in JHCT, an affiliate of the portfolios, which has a floating NAV and is registered with the SEC as an investment company. JHCT is a prime money market fund
and invests in short-term money market investments. Each portfolio will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The portfolios have the right to
recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the portfolios for the lent securities. The lending agent uses the
collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement
securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on
securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the portfolios could experience a delay in recovering securities or could experience a lower than
expected return if the borrower fails to return the securities on a timely basis. During the existence of the loan, the portfolios will receive from the borrower amounts equivalent to any dividends, interest or other
distributions on the loaned securities, as well
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 45 |
as interest on such amounts. The portfolios receive
compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received
by the portfolios is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral
received by the portfolios are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of
securities loaned by the portfolios and the corresponding cash collateral received at February 29, 2024:
| Portfolio | Market value of securities on loan | Cash collateral received |
| 2060 Lifetime Blend Portfolio | $5,042,676 | $5,159,125 |
| 2055 Lifetime Blend Portfolio | 509,143 | 519,650 |
| 2050 Lifetime Blend Portfolio | 9,475,558 | 9,668,475 |
| 2045 Lifetime Blend Portfolio | 3,832,801 | 3,914,050 |
| 2040 Lifetime Blend Portfolio | 8,241,422 | 8,428,850 |
| 2035 Lifetime Blend Portfolio | 22,456,564 | 22,980,550 |
| 2030 Lifetime Blend Portfolio | 4,938,241 | 5,038,600 |
| 2025 Lifetime Blend Portfolio | 10,136,472 | 10,340,160 |
Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of
securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is
reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar
value of securities denominated in that currency.
Portfolios that invest
internationally generally carry more risk than portfolios that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including
higher transaction costs), accounting standards and other factors.
Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of
securities. Pursuant to the portfolios’ custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any
overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any
overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1
billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of
$750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of
credit, is charged to each participating portfolio based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statements of operations.
Commitment fees for the six months
ended February 29, 2024 were as follows:
| Portfolio | Commitment fee |
| 2065 Lifetime Blend Portfolio | $1,788 |
| 2060 Lifetime Blend Portfolio | 1,982 |
| 2055 Lifetime Blend Portfolio | 2,195 |
| 2050 Lifetime Blend Portfolio | 2,344 |
| 2045 Lifetime Blend Portfolio | 2,513 |
| 2040 Lifetime Blend Portfolio | 2,603 |
| 2035 Lifetime Blend Portfolio | 2,784 |
| 2030 Lifetime Blend Portfolio | 2,801 |
| 2025 Lifetime Blend Portfolio | 2,612 |
| 2020 Lifetime Blend Portfolio | 2,162 |
| 2015 Lifetime Blend Portfolio | 1,854 |
| 2010 Lifetime Blend Portfolio | 1,819 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily
attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio’s relative
net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class.
Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense
rates applicable to each class.
| 46 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal
income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as
of August 31, 2023, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of August 31,
2023:
| No Expiration Date | ||
| Portfolio | Short Term | Long Term |
| 2065 Lifetime Blend Portfolio | $262,943 | — |
| 2060 Lifetime Blend Portfolio | 646,601 | $612,892 |
| 2055 Lifetime Blend Portfolio | 2,319,480 | 2,255,908 |
| 2050 Lifetime Blend Portfolio | 4,093,332 | 3,652,698 |
| 2045 Lifetime Blend Portfolio | 3,511,967 | 3,675,454 |
| 2040 Lifetime Blend Portfolio | 1,444,314 | 4,738,633 |
| 2035 Lifetime Blend Portfolio | 413,289 | 7,723,247 |
| 2030 Lifetime Blend Portfolio | — | 9,606,779 |
| 2025 Lifetime Blend Portfolio | 353,328 | 7,396,807 |
| 2020 Lifetime Blend Portfolio | 155,022 | 2,446,460 |
| 2015 Lifetime Blend Portfolio | 12,883 | 582,232 |
| 2010 Lifetime Blend Portfolio | 29,432 | 43,196 |
As of August 31, 2023, the
portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios’ federal tax returns are subject to examination by the Internal Revenue
Service for a period of three years.
For federal income tax purposes, the
costs of investments owned on February 29, 2024, including short-term investments, were as follows:
| Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) |
| 2065 Lifetime Blend Portfolio | $51,322,591 | $5,555,434 | $(199,463) | $5,355,971 |
| 2060 Lifetime Blend Portfolio | 188,772,109 | 18,831,816 | (779,772) | 18,052,044 |
| 2055 Lifetime Blend Portfolio | 329,926,443 | 35,155,419 | (1,453,504) | 33,701,915 |
| 2050 Lifetime Blend Portfolio | 435,366,912 | 46,004,746 | (1,929,790) | 44,074,956 |
| 2045 Lifetime Blend Portfolio | 530,093,634 | 50,279,679 | (3,326,870) | 46,952,809 |
| 2040 Lifetime Blend Portfolio | 626,658,964 | 49,087,108 | (5,758,260) | 43,328,848 |
| 2035 Lifetime Blend Portfolio | 755,468,472 | 50,323,723 | (9,193,295) | 41,130,428 |
| 2030 Lifetime Blend Portfolio | 764,948,991 | 40,387,153 | (12,168,070) | 28,219,083 |
| 2025 Lifetime Blend Portfolio | 601,291,787 | 20,011,964 | (10,231,831) | 9,780,133 |
| 2020 Lifetime Blend Portfolio | 276,336,810 | 7,019,223 | (5,470,315) | 1,548,908 |
| 2015 Lifetime Blend Portfolio | 86,916,813 | 967,218 | (1,305,350) | (338,132) |
| 2010 Lifetime Blend Portfolio | 62,065,127 | 2,388,881 | (3,807,929) | (1,419,048) |
Distribution of income and
gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The portfolios generally declare and pay dividends and
capital gain distributions, if any, annually.
Distributions paid by the portfolios
with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis,
are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios’ financial statements as
a return of capital. The final determination of tax characteristics of the portfolio’s distribution will occur at the end of the year and will subsequently be reported to shareholders. Short-term gains from
underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the
financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent
period. Book-tax differences are primarily attributable to wash sale loss deferrals.
Note 3—Guarantees and indemnifications
Under the Trust’s
organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course
of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future
claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 47 |
Note 4—Fees and transactions with affiliates
John Hancock Investment Management
LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios.
The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a
subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The portfolios are not responsible for
payment of the subadvisory fees.
The management fee has two
components: (1) a fee on assets invested in a fund of the Trust or John Hancock Funds III (JHF III) (Assets in a fund of the Trust or JHF III); and (2) a fee on assets invested in investments other than a fund of the
Trust or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are
advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.
Management fees are determined in
accordance with the following schedule:
| First $7.5 billion of aggregate net assets | Excess over $7.5 billion of aggregate net assets | |
| Assets in a fund of the Trust or JHF III | 0.060% | 0.050% |
| Other assets | 0.510% | 0.500% |
Expense reimbursements. The Advisor has contractually agreed to reduce its management fees or if necessary make payment to each portfolio in an amount by which certain expenses, including underlying fund expenses
(acquired fund fees), exceed the amount indicated below of the respective portfolio’s average net assets. This agreement expires on December 31, 2024, unless renewed by mutual agreement of the portfolios and the
advisor based upon a determination that this is appropriate under the circumstances at that time.
Payments under this arrangement are
intended to reimburse the portfolios for a portion of the indirect net expenses associated with the portfolios’ investments in underlying funds. Amounts received in excess of portfolio level operating expenses,
if any, are included as Other income received from advisor in the Statements of operations.
The Advisor has voluntarily agreed
to waive its management fee for each portfolio so that the aggregate management fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of subadvisory fees) does
not exceed 0.51% of the portfolio’s first $7.5 billion of average net assets and 0.50% of the portfolio’s average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary waiver at
any time upon notice to the Trust.
For the six months ended February
29, 2024, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:
| Expense reimbursement by class | |||||
| Portfolio | Class A | Class R4 | Class R6 | Class 1 | Total |
| 2065 Lifetime Blend Portfolio | $11,515 | $438 | $17,681 | $113,971 | $143,605 |
| 2060 Lifetime Blend Portfolio | 52,559 | 2,610 | 76,983 | 210,334 | 342,486 |
| 2055 Lifetime Blend Portfolio | 100,406 | 3,825 | 116,402 | 339,458 | 560,091 |
| 2050 Lifetime Blend Portfolio | 144,034 | 4,578 | 153,589 | 409,069 | 711,270 |
| 2045 Lifetime Blend Portfolio | 172,716 | 6,510 | 177,525 | 512,787 | 869,538 |
| 2040 Lifetime Blend Portfolio | 174,998 | 3,565 | 225,567 | 565,949 | 970,079 |
| 2035 Lifetime Blend Portfolio | 204,819 | 8,697 | 259,418 | 681,565 | 1,154,499 |
| 2030 Lifetime Blend Portfolio | 220,900 | 11,128 | 285,171 | 640,767 | 1,157,966 |
| 2025 Lifetime Blend Portfolio | 255,350 | 4,778 | 198,423 | 431,493 | 890,044 |
| 2020 Lifetime Blend Portfolio | 158,433 | 3,170 | 88,842 | 196,099 | 446,544 |
| 2015 Lifetime Blend Portfolio | 60,666 | 451 | 46,614 | 75,029 | 182,760 |
| 2010 Lifetime Blend Portfolio | 28,353 | 252 | 27,429 | 93,533 | 149,567 |
| 48 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Expenses waived or reimbursed in
the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees,
including the impact of the waivers and reimbursements as described above, incurred for the six months ended February 29, 2024, were equivalent to a net annual effective rate of the portfolios’ average
daily net assets as follows:
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and
recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class
based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended February 29, 2024, amounted to an annual rate of 0.02% of the
portfolios’ average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1
under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. In addition, under a service plan for certain classes as detailed below, the portfolios pay for certain
other services. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of
the portfolios’ shares:
| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | — |
| Class R4 | 0.25% | 0.10% |
| Class 1 | 0.05% | — |
The portfolios’ Distributor
has contractually agreed to waive 0.10% of Rule12b-1 fees for Class R4 shares. The current waiver agreement expires on December 31, 2024, unless renewed by mutual agreement of the portfolios and the Distributor based
upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for Class R4 shares for the six months ended February 29, 2024:
Sales charges. Class A shares are assessed up-front sales charges of up to 5.00% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the
Distributor during the six months ended February 29, 2024:
| 2065 Lifetime Blend Portfolio | 2060 Lifetime Blend Portfolio | 2055 Lifetime Blend Portfolio | 2050 Lifetime Blend Portfolio | 2045 Lifetime Blend Portfolio | 2040 Lifetime Blend Portfolio | 2035 Lifetime Blend Portfolio | 2030 Lifetime Blend Portfolio | 2025 Lifetime Blend Portfolio | 2015 Lifetime Blend Portfolio | |
| Total sales charges | $996 | $4,324 | $1,183 | $4,534 | $792 | $1,790 | $3,489 | $142 | $257 | $10 |
| Retained for printing prospectus, advertising and sales literature | 162 | 669 | 205 | 729 | 123 | 286 | 564 | 28 | 47 | 1 |
| Sales commission to unrelated broker-dealers | 834 | 3,655 | 978 | 3,805 | 669 | 1,504 | 2,925 | 114 | 210 | 9 |
Class A shares may be subject to
contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and redeemed within one year of purchase are subject to a 1.00%
sales charge. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the
Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended February 29, 2024, CDSCs received by the Distributor for Class A shares were as
follows:
| Portfolio | Class A |
| 2065 Lifetime Blend Portfolio | $2 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 49 |
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent
fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to
third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in
connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of
Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds
and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended February 29, 2024 were as follows:
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| 2065 Lifetime Blend Portfolio | Class A | $5,817 | $2,367 |
| Class R4 | 245 | 4 | |
| Class R6 | — | 157 | |
| Class 1 | 9,618 | — | |
| Total | $15,680 | $2,528 | |
| 2060 Lifetime Blend Portfolio | Class A | $40,859 | $16,634 |
| Class R4 | 2,380 | 35 | |
| Class R6 | — | 1,052 | |
| Class 1 | 27,360 | — | |
| Total | $70,599 | $17,721 | |
| 2055 Lifetime Blend Portfolio | Class A | $86,112 | $35,068 |
| Class R4 | 3,875 | 56 | |
| Class R6 | — | 1,753 | |
| Class 1 | 48,720 | — | |
| Total | $138,707 | $36,877 | |
| 2050 Lifetime Blend Portfolio | Class A | $127,380 | $51,882 |
| Class R4 | 4,806 | 70 | |
| Class R6 | — | 2,385 | |
| Class 1 | 60,564 | — | |
| Total | $192,750 | $54,337 | |
| 2045 Lifetime Blend Portfolio | Class A | $155,325 | $63,251 |
| Class R4 | 6,904 | 102 | |
| Class R6 | — | 2,803 | |
| Class 1 | 77,253 | — | |
| Total | $239,482 | $66,156 | |
| 2040 Lifetime Blend Portfolio | Class A | $158,684 | $64,638 |
| Class R4 | 3,843 | 55 | |
| Class R6 | — | 3,582 | |
| Class 1 | 85,822 | — | |
| Total | $248,349 | $68,275 | |
| 2035 Lifetime Blend Portfolio | Class A | $186,673 | $76,023 |
| Class R4 | 9,373 | 137 | |
| Class R6 | — | 4,154 | |
| Class 1 | 103,885 | — | |
| Total | $299,931 | $80,314 | |
| 2030 Lifetime Blend Portfolio | Class A | $203,239 | $82,774 |
| Class R4 | 12,075 | 178 | |
| Class R6 | — | 4,607 | |
| Class 1 | 98,507 | — | |
| Total | $313,821 | $87,559 | |
| 2025 Lifetime Blend Portfolio | Class A | $241,017 | $98,163 |
| Class R4 | 5,309 | 78 | |
| Class R6 | — | 3,291 | |
| Class 1 | 68,136 | — | |
| Total | $314,462 | $101,532 |
| 50 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| 2020 Lifetime Blend Portfolio | Class A | $141,033 | $57,451 |
| Class R4 | 3,337 | 49 | |
| Class R6 | — | 1,392 | |
| Class 1 | 29,194 | — | |
| Total | $173,564 | $58,892 | |
| 2015 Lifetime Blend Portfolio | Class A | $40,396 | $16,453 |
| Class R4 | 353 | 5 | |
| Class R6 | — | 543 | |
| Class 1 | 8,352 | — | |
| Total | $49,101 | $17,001 | |
| 2010 Lifetime Blend Portfolio | Class A | $16,440 | $6,697 |
| Class R4 | 150 | 2 | |
| Class R6 | — | 279 | |
| Class 1 | 9,084 | — | |
| Total | $25,674 | $6,978 |
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based
on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5—Portfolio share transactions
Transactions in portfolios’
shares for the six months ended February 29, 2024 and for the year ended August 31, 2023 were as follows:
| 2065 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 215,137 | $2,633,934 | 189,208 | $2,190,902 |
| Distributions reinvested | 5,821 | 73,989 | 1,756 | 18,985 |
| Repurchased | (89,241) | (1,104,679) | (68,485) | (786,919) |
| Net increase | 131,717 | $1,603,244 | 122,479 | $1,422,968 |
| Class R4 shares | ||||
| Sold | 2,639 | $31,129 | 16,911 | $191,611 |
| Distributions reinvested | — | — | 367 | 3,961 |
| Repurchased | (36,826) | (427,263) | (4,259) | (49,355) |
| Net increase (decrease) | (34,187) | $(396,134) | 13,019 | $146,217 |
| Class R6 shares | ||||
| Sold | 292,341 | $3,539,035 | 347,020 | $4,012,959 |
| Distributions reinvested | 10,977 | 139,185 | 963 | 10,385 |
| Repurchased | (41,821) | (521,507) | (30,565) | (346,237) |
| Net increase | 261,497 | $3,156,713 | 317,418 | $3,677,107 |
| Class 1 shares | ||||
| Sold | 879,511 | $10,647,874 | 1,635,028 | $18,826,277 |
| Distributions reinvested | 64,059 | 812,912 | 29,630 | 319,704 |
| Repurchased | (501,305) | (6,345,057) | (222,214) | (2,513,329) |
| Net increase | 442,265 | $5,115,729 | 1,442,444 | $16,632,652 |
| Total net increase | 801,292 | $9,479,552 | 1,895,360 | $21,878,944 |
| 2060 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 1,026,394 | $13,972,493 | 1,554,878 | $20,057,861 |
| Distributions reinvested | 37,274 | 525,187 | 71,008 | 851,383 |
| Repurchased | (500,803) | (6,813,518) | (719,587) | (9,349,253) |
| Net increase | 562,865 | $7,684,162 | 906,299 | $11,559,991 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 51 |
| 2060 Lifetime Blend Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 19,570 | $262,265 | 85,044 | $1,087,036 |
| Distributions reinvested | 1,310 | 18,443 | 11,628 | 139,187 |
| Repurchased | (175,699) | (2,266,762) | (25,026) | (321,060) |
| Net increase (decrease) | (154,819) | $(1,986,054) | 71,646 | $905,163 |
| Class R6 shares | ||||
| Sold | 1,088,680 | $14,679,349 | 1,772,874 | $22,801,702 |
| Distributions reinvested | 65,693 | 924,296 | 195,841 | 2,342,254 |
| Repurchased | (219,533) | (3,002,470) | (2,016,172) | (25,195,773) |
| Net increase (decrease) | 934,840 | $12,601,175 | (47,457) | $(51,817) |
| Class 1 shares | ||||
| Sold | 975,339 | $13,135,147 | 2,525,410 | $32,598,569 |
| Distributions reinvested | 164,599 | 2,315,913 | 408,422 | 4,888,811 |
| Repurchased | (1,118,822) | (15,656,861) | (463,266) | (5,832,623) |
| Net increase (decrease) | 21,116 | $(205,801) | 2,470,566 | $31,654,757 |
| Total net increase | 1,364,002 | $18,093,482 | 3,401,054 | $44,068,094 |
| 2055 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 2,159,151 | $26,974,547 | 3,339,732 | $39,464,949 |
| Distributions reinvested | 85,778 | 1,105,675 | 204,887 | 2,247,610 |
| Repurchased | (994,504) | (12,395,720) | (1,369,758) | (16,197,012) |
| Net increase | 1,250,425 | $15,684,502 | 2,174,861 | $25,515,547 |
| Class R4 shares | ||||
| Sold | 18,197 | $222,245 | 73,136 | $859,144 |
| Distributions reinvested | 2,002 | 25,746 | 31,561 | 344,963 |
| Repurchased | (376,684) | (4,434,582) | (25,242) | (298,695) |
| Net increase (decrease) | (356,485) | $(4,186,591) | 79,455 | $905,412 |
| Class R6 shares | ||||
| Sold | 2,229,940 | $27,432,598 | 3,088,375 | $36,441,404 |
| Distributions reinvested | 122,046 | 1,568,285 | 528,072 | 5,771,830 |
| Repurchased | (437,065) | (5,488,372) | (5,003,772) | (57,101,650) |
| Net increase (decrease) | 1,914,921 | $23,512,511 | (1,387,325) | $(14,888,416) |
| Class 1 shares | ||||
| Sold | 1,512,896 | $18,385,480 | 3,723,048 | $44,003,092 |
| Distributions reinvested | 320,651 | 4,123,567 | 1,022,098 | 11,181,753 |
| Repurchased | (2,014,754) | (25,789,325) | (824,624) | (9,680,864) |
| Net increase (decrease) | (181,207) | $(3,280,278) | 3,920,522 | $45,503,981 |
| Total net increase | 2,627,654 | $31,730,144 | 4,787,513 | $57,036,524 |
| 2050 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 2,664,114 | $33,385,159 | 4,727,009 | $56,485,802 |
| Distributions reinvested | 125,294 | 1,633,840 | 296,527 | 3,288,489 |
| Repurchased | (1,321,030) | (16,657,718) | (2,104,272) | (25,173,371) |
| Net increase | 1,468,378 | $18,361,281 | 2,919,264 | $34,600,920 |
| 52 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| 2050 Lifetime Blend Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 24,944 | $304,939 | 85,754 | $1,020,072 |
| Distributions reinvested | 2,178 | 28,364 | 41,523 | 459,664 |
| Repurchased | (534,762) | (6,367,707) | (51,963) | (631,148) |
| Net increase (decrease) | (507,640) | $(6,034,404) | 75,314 | $848,588 |
| Class R6 shares | ||||
| Sold | 2,710,210 | $33,575,272 | 3,941,375 | $46,828,329 |
| Distributions reinvested | 164,914 | 2,143,884 | 716,259 | 7,914,662 |
| Repurchased | (563,308) | (7,168,052) | (7,195,120) | (82,924,390) |
| Net increase (decrease) | 2,311,816 | $28,551,104 | (2,537,486) | $(28,181,399) |
| Class 1 shares | ||||
| Sold | 1,755,515 | $21,751,340 | 4,965,919 | $59,527,726 |
| Distributions reinvested | 394,645 | 5,134,331 | 1,184,333 | 13,098,720 |
| Repurchased | (2,621,433) | (34,027,883) | (1,364,287) | (16,169,050) |
| Net increase (decrease) | (471,273) | $(7,142,212) | 4,785,965 | $56,457,396 |
| Total net increase | 2,801,281 | $33,735,769 | 5,243,057 | $63,725,505 |
| 2045 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 3,048,681 | $37,500,893 | 6,069,782 | $71,108,962 |
| Distributions reinvested | 160,631 | 2,043,221 | 396,367 | 4,308,513 |
| Repurchased | (1,509,492) | (18,527,756) | (2,447,122) | (28,728,916) |
| Net increase | 1,699,820 | $21,016,358 | 4,019,027 | $46,688,559 |
| Class R4 shares | ||||
| Sold | 37,796 | $449,016 | 90,353 | $1,051,681 |
| Distributions reinvested | 4,706 | 59,673 | 46,121 | 499,496 |
| Repurchased | (448,366) | (5,206,533) | (50,062) | (592,009) |
| Net increase (decrease) | (405,864) | $(4,697,844) | 86,412 | $959,168 |
| Class R6 shares | ||||
| Sold | 2,935,073 | $35,601,034 | 3,991,731 | $46,637,154 |
| Distributions reinvested | 207,507 | 2,635,338 | 903,183 | 9,799,538 |
| Repurchased | (834,254) | (10,257,365) | (7,713,117) | (87,371,159) |
| Net increase (decrease) | 2,308,326 | $27,979,007 | (2,818,203) | $(30,934,467) |
| Class 1 shares | ||||
| Sold | 2,096,038 | $25,406,379 | 5,674,912 | $66,237,571 |
| Distributions reinvested | 528,249 | 6,708,768 | 1,673,748 | 18,160,164 |
| Repurchased | (3,902,769) | (49,536,840) | (1,596,786) | (18,631,667) |
| Net increase (decrease) | (1,278,482) | $(17,421,693) | 5,751,874 | $65,766,068 |
| Total net increase | 2,323,800 | $26,875,828 | 7,039,110 | $82,479,328 |
| 2040 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 3,068,614 | $36,820,196 | 6,323,862 | $72,909,860 |
| Distributions reinvested | 172,835 | 2,150,073 | 402,866 | 4,330,814 |
| Repurchased | (1,539,459) | (18,508,375) | (2,623,227) | (30,136,738) |
| Net increase | 1,701,990 | $20,461,894 | 4,103,501 | $47,103,936 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 53 |
| 2040 Lifetime Blend Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 15,246 | $178,078 | 72,335 | $831,242 |
| Distributions reinvested | 1,293 | 16,055 | 45,099 | 483,909 |
| Repurchased | (585,448) | (6,669,572) | (84,148) | (979,779) |
| Net increase (decrease) | (568,909) | $(6,475,439) | 33,286 | $335,372 |
| Class R6 shares | ||||
| Sold | 5,085,050 | $60,884,292 | 5,168,123 | $59,541,196 |
| Distributions reinvested | 253,712 | 3,148,562 | 758,983 | 8,136,302 |
| Repurchased | (1,271,228) | (15,423,340) | (5,684,301) | (63,708,910) |
| Net increase | 4,067,534 | $48,609,514 | 242,805 | $3,968,588 |
| Class 1 shares | ||||
| Sold | 2,190,725 | $25,870,627 | 5,908,657 | $67,892,467 |
| Distributions reinvested | 630,003 | 7,818,338 | 1,860,010 | 19,939,303 |
| Repurchased | (2,972,647) | (36,551,798) | (2,383,166) | (27,674,497) |
| Net increase (decrease) | (151,919) | $(2,862,833) | 5,385,501 | $60,157,273 |
| Total net increase | 5,048,696 | $59,733,136 | 9,765,093 | $111,565,169 |
| 2035 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 3,559,611 | $41,092,556 | 7,222,786 | $80,949,449 |
| Distributions reinvested | 233,129 | 2,785,886 | 457,229 | 4,782,617 |
| Repurchased | (1,623,375) | (18,737,612) | (2,731,772) | (30,558,102) |
| Net increase | 2,169,365 | $25,140,830 | 4,948,243 | $55,173,964 |
| Class R4 shares | ||||
| Sold | 33,465 | $379,538 | 126,853 | $1,405,059 |
| Distributions reinvested | 7,206 | 86,043 | 63,386 | 662,378 |
| Repurchased | (710,773) | (7,802,741) | (31,115) | (351,087) |
| Net increase (decrease) | (670,102) | $(7,337,160) | 159,124 | $1,716,350 |
| Class R6 shares | ||||
| Sold | 4,322,142 | $49,443,464 | 5,369,440 | $59,848,218 |
| Distributions reinvested | 347,482 | 4,141,980 | 813,919 | 8,497,312 |
| Repurchased | (1,300,775) | (15,222,826) | (4,409,995) | (48,203,871) |
| Net increase | 3,368,849 | $38,362,618 | 1,773,364 | $20,141,659 |
| Class 1 shares | ||||
| Sold | 2,773,641 | $31,517,616 | 7,668,240 | $85,599,060 |
| Distributions reinvested | 864,347 | 10,311,659 | 2,291,962 | 23,951,005 |
| Repurchased | (3,743,437) | (44,428,651) | (2,735,005) | (30,495,048) |
| Net increase (decrease) | (105,449) | $(2,599,376) | 7,225,197 | $79,055,017 |
| Total net increase | 4,762,663 | $53,566,912 | 14,105,928 | $156,086,990 |
| 2030 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 4,106,509 | $45,669,276 | 7,989,229 | $86,283,943 |
| Distributions reinvested | 291,537 | 3,329,351 | 552,493 | 5,618,858 |
| Repurchased | (2,049,997) | (22,627,866) | (3,182,211) | (34,318,992) |
| Net increase | 2,348,049 | $26,370,761 | 5,359,511 | $57,583,809 |
| 54 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| 2030 Lifetime Blend Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 59,511 | $654,277 | 108,004 | $1,167,346 |
| Distributions reinvested | 12,529 | 142,833 | 72,996 | 741,644 |
| Repurchased | (678,453) | (7,195,983) | (19,485) | (210,705) |
| Net increase (decrease) | (606,413) | $(6,398,873) | 161,515 | $1,698,285 |
| Class R6 shares | ||||
| Sold | 5,382,290 | $59,429,596 | 6,582,019 | $70,845,310 |
| Distributions reinvested | 423,061 | 4,822,900 | 795,459 | 8,073,904 |
| Repurchased | (1,964,755) | (21,854,127) | (2,662,652) | (28,481,982) |
| Net increase | 3,840,596 | $42,398,369 | 4,714,826 | $50,437,232 |
| Class 1 shares | ||||
| Sold | 2,813,228 | $30,715,654 | 7,280,561 | $78,726,199 |
| Distributions reinvested | 930,171 | 10,594,643 | 2,390,039 | 24,258,898 |
| Repurchased | (3,020,504) | (34,061,818) | (4,208,838) | (45,281,400) |
| Net increase | 722,895 | $7,248,479 | 5,461,762 | $57,703,697 |
| Total net increase | 6,305,127 | $69,618,736 | 15,697,614 | $167,423,023 |
| 2025 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 4,582,441 | $48,565,414 | 9,822,633 | $101,986,288 |
| Distributions reinvested | 399,793 | 4,349,749 | 597,214 | 5,900,225 |
| Repurchased | (2,127,332) | (22,408,811) | (4,193,059) | (43,604,364) |
| Net increase | 2,854,902 | $30,506,352 | 6,226,788 | $64,282,149 |
| Class R4 shares | ||||
| Sold | 25,173 | $259,845 | 72,676 | $749,888 |
| Distributions reinvested | 5,850 | 63,530 | 35,557 | 350,594 |
| Repurchased | (418,527) | (4,263,286) | (100,506) | (1,043,206) |
| Net increase (decrease) | (387,504) | $(3,939,911) | 7,727 | $57,276 |
| Class R6 shares | ||||
| Sold | 3,566,813 | $37,924,242 | 5,263,823 | $54,791,934 |
| Distributions reinvested | 343,573 | 3,731,202 | 584,433 | 5,762,510 |
| Repurchased | (2,067,524) | (21,996,992) | (2,757,679) | (28,498,713) |
| Net increase | 1,842,862 | $19,658,452 | 3,090,577 | $32,055,731 |
| Class 1 shares | ||||
| Sold | 1,695,895 | $17,589,420 | 5,831,441 | $60,279,213 |
| Distributions reinvested | 753,817 | 8,178,918 | 1,601,586 | 15,775,618 |
| Repurchased | (4,029,450) | (43,291,588) | (5,596,626) | (58,212,582) |
| Net increase (decrease) | (1,579,738) | $(17,523,250) | 1,836,401 | $17,842,249 |
| Total net increase | 2,730,522 | $28,701,643 | 11,161,493 | $114,237,405 |
| 2020 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 2,087,273 | $21,391,949 | 5,544,940 | $55,426,900 |
| Distributions reinvested | 266,128 | 2,767,734 | 333,258 | 3,189,277 |
| Repurchased | (1,558,502) | (15,627,870) | (2,473,073) | (24,682,798) |
| Net increase | 794,899 | $8,531,813 | 3,405,125 | $33,933,379 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 55 |
| 2020 Lifetime Blend Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 10,771 | $107,401 | 37,655 | $377,708 |
| Distributions reinvested | 4,646 | 48,230 | 18,149 | 173,321 |
| Repurchased | (228,731) | (2,260,510) | (64,424) | (642,443) |
| Net decrease | (213,314) | $(2,104,879) | (8,620) | $(91,414) |
| Class R6 shares | ||||
| Sold | 1,287,265 | $13,088,743 | 2,526,857 | $25,399,389 |
| Distributions reinvested | 162,663 | 1,690,073 | 253,006 | 2,418,735 |
| Repurchased | (1,183,680) | (11,962,621) | (1,719,464) | (17,095,877) |
| Net increase | 266,248 | $2,816,195 | 1,060,399 | $10,722,247 |
| Class 1 shares | ||||
| Sold | 938,550 | $9,503,254 | 3,004,147 | $29,990,076 |
| Distributions reinvested | 349,503 | 3,627,841 | 589,051 | 5,625,441 |
| Repurchased | (2,038,755) | (21,037,713) | (2,912,596) | (29,105,137) |
| Net increase (decrease) | (750,702) | $(7,906,618) | 680,602 | $6,510,380 |
| Total net increase | 97,131 | $1,336,511 | 5,137,506 | $51,074,592 |
| 2015 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 601,739 | $5,873,252 | 1,469,680 | $14,065,860 |
| Distributions reinvested | 77,482 | 774,042 | 88,460 | 817,369 |
| Repurchased | (309,410) | (3,022,061) | (246,330) | (2,362,689) |
| Net increase | 369,811 | $3,625,233 | 1,311,810 | $12,520,540 |
| Class R4 shares | ||||
| Sold | 1,483 | $14,337 | 3,484 | $33,420 |
| Distributions reinvested | 356 | 3,550 | 2,913 | 26,859 |
| Repurchased | (42,748) | (403,774) | (13,174) | (125,123) |
| Net decrease | (40,909) | $(385,887) | (6,777) | $(64,844) |
| Class R6 shares | ||||
| Sold | 950,513 | $9,457,032 | 711,122 | $6,828,254 |
| Distributions reinvested | 69,897 | 696,871 | 76,690 | 707,085 |
| Repurchased | (536,050) | (5,238,812) | (623,938) | (5,928,197) |
| Net increase | 484,360 | $4,915,091 | 163,874 | $1,607,142 |
| Class 1 shares | ||||
| Sold | 291,671 | $2,797,370 | 950,456 | $9,074,578 |
| Distributions reinvested | 106,519 | 1,061,995 | 166,242 | 1,532,747 |
| Repurchased | (578,486) | (5,721,077) | (1,024,777) | (9,928,813) |
| Net increase (decrease) | (180,296) | $(1,861,712) | 91,921 | $678,512 |
| Total net increase | 632,966 | $6,292,725 | 1,560,828 | $14,741,350 |
| 2010 Lifetime Blend Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 311,804 | $2,937,809 | 924,460 | $8,767,140 |
| Distributions reinvested | 35,240 | 342,535 | 44,661 | 405,522 |
| Repurchased | (182,565) | (1,707,801) | (242,056) | (2,285,464) |
| Net increase | 164,479 | $1,572,543 | 727,065 | $6,887,198 |
| 56 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| 2010 Lifetime Blend Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class R4 shares | ||||
| Sold | 1 | $10 | 663 | $6,257 |
| Distributions reinvested | 160 | 1,557 | 990 | 8,971 |
| Repurchased | (2,095) | (19,516) | (12,349) | (117,379) |
| Net decrease | (1,934) | $(17,949) | (10,696) | $(102,151) |
| Class R6 shares | ||||
| Sold | 476,327 | $4,582,590 | 715,831 | $6,769,454 |
| Distributions reinvested | 35,647 | 346,128 | 35,193 | 318,850 |
| Repurchased | (276,451) | (2,633,582) | (373,636) | (3,495,353) |
| Net increase | 235,523 | $2,295,136 | 377,388 | $3,592,951 |
| Class 1 shares | ||||
| Sold | 306,675 | $2,881,848 | 1,601,454 | $15,028,297 |
| Distributions reinvested | 122,945 | 1,192,562 | 190,809 | 1,726,825 |
| Repurchased | (784,456) | (7,493,139) | (1,302,442) | (12,339,855) |
| Net increase (decrease) | (354,836) | $(3,418,729) | 489,821 | $4,415,267 |
| Total net increase | 43,232 | $431,001 | 1,583,578 | $14,793,265 |
Affiliates of the Trust owned
shares of the following classes of the portfolios on February 29, 2024. Such concentration of shareholders’ capital could have a material effect on the portfolios if such shareholders redeem from the
portfolios.
| Portfolio | Class | % by Class |
| 2065 Lifetime Blend Portfolio | R4 | 100% |
| 2065 Lifetime Blend Portfolio | 1 | 100% |
| 2060 Lifetime Blend Portfolio | 1 | 100% |
| 2055 Lifetime Blend Portfolio | 1 | 100% |
| 2050 Lifetime Blend Portfolio | 1 | 100% |
| 2045 Lifetime Blend Portfolio | 1 | 100% |
| 2040 Lifetime Blend Portfolio | 1 | 100% |
| 2035 Lifetime Blend Portfolio | 1 | 100% |
| 2030 Lifetime Blend Portfolio | 1 | 100% |
| 2025 Lifetime Blend Portfolio | 1 | 100% |
| 2020 Lifetime Blend Portfolio | 1 | 100% |
| 2015 Lifetime Blend Portfolio | 1 | 100% |
| 2010 Lifetime Blend Portfolio | R4 | 48% |
| 2010 Lifetime Blend Portfolio | 1 | 100% |
Note 6—Purchase and sale of securities
Purchases and sales of securities,
other than short-term investments, amounted to the following for the six months ended February 29, 2024:
| Purchases | Sales | |||
| Portfolio | U.S. Government | Other issuers | U.S. Government | Other issuers |
| 2065 Lifetime Blend Portfolio | $463,036 | $17,032,566 | $174,662 | $7,980,489 |
| 2060 Lifetime Blend Portfolio | 1,348,452 | 39,507,377 | 702,868 | 22,582,019 |
| 2055 Lifetime Blend Portfolio | 2,412,246 | 66,766,709 | 1,317,023 | 37,009,742 |
| 2050 Lifetime Blend Portfolio | 3,058,125 | 80,006,724 | 1,717,308 | 48,804,188 |
| 2045 Lifetime Blend Portfolio | 4,061,825 | 99,689,507 | 2,483,041 | 75,979,961 |
| 2040 Lifetime Blend Portfolio | 5,378,211 | 154,409,415 | 4,614,064 | 98,080,352 |
| 2035 Lifetime Blend Portfolio | 7,993,786 | 203,793,028 | 6,993,517 | 155,182,744 |
| 2030 Lifetime Blend Portfolio | 13,710,857 | 244,400,038 | 9,905,842 | 185,843,061 |
| 2025 Lifetime Blend Portfolio | 11,553,580 | 214,620,283 | 10,205,741 | 193,379,899 |
| 2020 Lifetime Blend Portfolio | 5,826,736 | 105,219,831 | 5,634,413 | 107,755,588 |
| 2015 Lifetime Blend Portfolio | 2,401,868 | 40,014,979 | 1,769,398 | 35,512,677 |
| 2010 Lifetime Blend Portfolio | 1,541,253 | 26,919,371 | 1,328,438 | 27,461,645 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 57 |
Note 7—Investment in affiliated underlying funds
Certain portfolios invest primarily
in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the
portfolios’ investment may represent a significant portion of each affiliated underlying funds’ net assets. At February 29, 2024, the portfolios did not hold 5% or more of the net assets of any affiliated
underlying funds.
Information regarding the
portfolios’ fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| 2065 Lifetime Blend Portfolio | |||||||||
| Bond | 48,208 | — | $648,729 | $(1,426) | $(26) | $(3,702) | $1,554 | — | $643,575 |
| Emerging Markets Debt | 40,353 | — | 303,751 | (692) | (6) | 1,612 | 920 | — | 304,665 |
| High Yield | 79,962 | — | 241,852 | (556) | (2) | (608) | 805 | — | 240,686 |
| International Strategic Equity Allocation | 1,403,174 | $10,122,018 | 4,081,386 | (1,250,051) | (68,741) | 656,017 | 412,858 | — | 13,540,629 |
| John Hancock Collateral Trust* | 221 | 235,087 | 3,364,831 | (3,599,209) | 1,564 | (60) | 2,627 | — | 2,213 |
| U.S. Sector Rotation | 1,508,511 | 12,182,361 | 3,810,751 | (1,552,407) | 33,134 | 1,787,905 | 197,448 | — | 16,261,744 |
| $(34,077) | $2,441,164 | $616,212 | — | $30,993,512 | |||||
| 2060 Lifetime Blend Portfolio | |||||||||
| Bond | 165,933 | — | $2,228,314 | — | — | $(13,111) | $8,097 | — | $2,215,203 |
| Emerging Markets Debt | 138,896 | — | 1,043,164 | — | — | 5,502 | 3,156 | — | 1,048,666 |
| High Yield | 275,231 | — | 830,564 | — | — | (2,117) | — | — | 828,447 |
| International Strategic Equity Allocation | 4,986,553 | $39,840,896 | 9,511,923 | $(3,187,721) | $(172,366) | 2,127,504 | 1,459,155 | — | 48,120,236 |
| John Hancock Collateral Trust* | 516,412 | 231,280 | 70,550,574 | (65,622,129) | 4,895 | (287) | 10,044 | — | 5,164,333 |
| U.S. Sector Rotation | 5,360,895 | 47,915,499 | 7,528,655 | (4,028,958) | 92,174 | 6,283,075 | 697,882 | — | 57,790,445 |
| $(75,297) | $8,400,566 | $2,178,334 | — | $115,167,330 | |||||
| 2055 Lifetime Blend Portfolio | |||||||||
| Bond | 309,363 | — | $4,154,728 | $(2,013) | $(15) | $(22,701) | $14,222 | — | $4,129,999 |
| Emerging Markets Debt | 258,957 | — | 1,945,335 | — | — | 9,787 | 5,549 | — | 1,955,122 |
| High Yield | 513,138 | — | 1,548,107 | — | — | (3,561) | — | — | 1,544,546 |
| International Strategic Equity Allocation | 8,969,083 | $71,776,986 | 15,977,048 | (4,721,129) | (258,817) | 3,777,563 | 2,629,425 | — | 86,551,651 |
| John Hancock Collateral Trust* | 52,487 | 2,133,470 | 23,433,788 | (25,042,411) | 179 | (133) | 7,823 | — | 524,893 |
| U.S. Sector Rotation | 9,642,394 | 86,664,496 | 12,118,865 | (6,394,096) | 153,790 | 11,401,956 | 1,257,740 | — | 103,945,011 |
| $(104,863) | $15,162,911 | $3,914,759 | — | $198,651,222 | |||||
| 2050 Lifetime Blend Portfolio | |||||||||
| Bond | 387,152 | — | $5,197,557 | — | — | $(29,080) | $18,785 | — | $5,168,477 |
| Emerging Markets Debt | 324,101 | — | 2,433,660 | — | — | 13,304 | 7,328 | — | 2,446,964 |
| 58 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| High Yield | 642,226 | — | $1,937,820 | — | — | $(4,719) | — | — | $1,933,101 |
| International Strategic Equity Allocation | 11,591,675 | $94,526,639 | 19,706,974 | $(6,976,578) | $(372,205) | 4,974,832 | $3,434,548 | — | 111,859,662 |
| John Hancock Collateral Trust* | 967,025 | 715,714 | 154,283,791 | (145,333,012) | 4,330 | (184) | 17,675 | — | 9,670,639 |
| U.S. Sector Rotation | 12,461,874 | 113,842,530 | 13,466,172 | (8,068,792) | 227,883 | 14,871,204 | 1,642,551 | — | 134,338,997 |
| $(139,992) | $19,825,357 | $5,120,887 | — | $265,417,840 | |||||
| 2045 Lifetime Blend Portfolio | |||||||||
| Bond | 732,341 | — | $9,829,366 | — | — | $(52,610) | $35,866 | — | $9,776,756 |
| Emerging Markets Debt | 789,783 | — | 5,931,810 | — | — | 31,053 | 16,777 | — | 5,962,863 |
| High Yield | 1,478,577 | — | 4,461,085 | — | — | (10,568) | — | — | 4,450,517 |
| International Strategic Equity Allocation | 13,558,143 | $115,928,585 | 19,463,584 | $(9,946,177) | $(517,926) | 5,908,009 | 4,129,475 | — | 130,836,075 |
| John Hancock Collateral Trust* | 391,778 | 2,321,215 | 56,851,049 | (55,253,999) | 324 | (653) | 17,508 | — | 3,917,936 |
| U.S. Sector Rotation | 14,679,883 | 140,445,260 | 14,165,906 | (14,336,791) | 448,258 | 17,526,508 | 1,992,874 | — | 158,249,141 |
| $(69,344) | $23,401,739 | $6,192,500 | — | $313,193,288 | |||||
| 2040 Lifetime Blend Portfolio | |||||||||
| Bond | 2,057,955 | — | $27,622,798 | — | — | $(149,097) | $89,611 | — | $27,473,701 |
| Emerging Markets Debt | 1,666,642 | — | 12,521,413 | — | — | 61,736 | 34,227 | — | 12,583,149 |
| High Yield | 3,287,446 | — | 9,918,958 | — | — | (23,746) | — | — | 9,895,212 |
| International Strategic Equity Allocation | 14,075,930 | $115,434,504 | 20,047,062 | $(5,190,534) | $(263,633) | 5,805,328 | 4,063,996 | — | 135,832,727 |
| John Hancock Collateral Trust* | 843,912 | 1,393,650 | 262,448,637 | (255,412,498) | 10,065 | (397) | 40,542 | — | 8,439,457 |
| U.S. Sector Rotation | 15,273,709 | 140,247,559 | 17,082,812 | (11,146,707) | 346,069 | 18,120,847 | 1,971,608 | — | 164,650,580 |
| $92,501 | $23,814,671 | $6,199,984 | — | $358,874,826 | |||||
| 2035 Lifetime Blend Portfolio | |||||||||
| Bond | 4,080,129 | — | $54,759,002 | — | — | $(289,275) | $171,509 | — | $54,469,727 |
| Emerging Markets Debt | 2,954,891 | — | 22,197,785 | — | — | 111,646 | 60,203 | — | 22,309,431 |
| High Yield | 5,918,170 | — | 17,856,293 | — | — | (42,602) | — | — | 17,813,691 |
| International Strategic Equity Allocation | 14,707,571 | $125,344,834 | 17,786,580 | $(7,108,537) | $(367,388) | 6,272,574 | 4,376,324 | — | 141,928,063 |
| John Hancock Collateral Trust* | 2,299,596 | 1,743,098 | 461,490,409 | (440,252,301) | 15,836 | (167) | 64,273 | — | 22,996,875 |
| U.S. Sector Rotation | 15,994,591 | 151,086,378 | 12,443,169 | (10,619,883) | 367,533 | 19,144,494 | 2,117,843 | — | 172,421,691 |
| $15,981 | $25,196,670 | $6,790,152 | — | $431,939,478 | |||||
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 59 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| 2030 Lifetime Blend Portfolio | |||||||||
| Bond | 5,496,396 | — | $73,758,201 | — | — | $(381,321) | $218,834 | — | $73,376,880 |
| Emerging Markets Debt | 4,236,685 | — | 31,827,746 | — | — | 159,226 | 86,121 | — | 31,986,972 |
| High Yield | 6,791,868 | — | 20,490,978 | — | — | (47,456) | — | — | 20,443,522 |
| International Strategic Equity Allocation | 12,807,839 | $109,737,431 | 14,032,763 | $(5,291,755) | $(257,627) | 5,374,836 | 3,750,944 | — | 123,595,648 |
| John Hancock Collateral Trust* | 501,660 | 24,836,822 | 395,900,476 | (415,733,073) | 12,782 | (199) | 107,852 | — | 5,016,808 |
| U.S. Sector Rotation | 14,115,164 | 134,535,029 | 11,789,904 | (11,253,997) | 230,503 | 16,860,026 | 1,828,514 | — | 152,161,465 |
| $(14,342) | $21,965,112 | $5,992,265 | — | $406,581,295 | |||||
| 2025 Lifetime Blend Portfolio | |||||||||
| Bond | 5,626,754 | — | $75,525,454 | — | — | $(408,294) | $223,113 | — | $75,117,160 |
| Emerging Markets Debt | 4,090,636 | — | 30,731,068 | — | — | 153,232 | 83,750 | — | 30,884,300 |
| High Yield | 6,623,536 | — | 19,985,935 | — | — | (49,092) | — | — | 19,936,843 |
| International Strategic Equity Allocation | 7,672,915 | $70,055,324 | 8,292,044 | $(7,374,471) | $(350,274) | 3,421,004 | 2,337,682 | — | 74,043,627 |
| John Hancock Collateral Trust* | 1,030,130 | 12,962,612 | 448,016,498 | (450,694,982) | 20,190 | (2,608) | 81,159 | — | 10,301,710 |
| U.S. Sector Rotation | 7,418,736 | 79,494,057 | 7,342,279 | (16,251,736) | 440,081 | 8,949,294 | 1,034,885 | — | 79,973,975 |
| $109,997 | $12,063,536 | $3,760,589 | — | $290,257,615 | |||||
| 2020 Lifetime Blend Portfolio | |||||||||
| Bond | 3,028,252 | — | $40,645,551 | — | — | $(218,388) | $117,016 | — | $40,427,163 |
| Emerging Markets Debt | 2,058,293 | — | 15,468,510 | $(5,578) | $7 | 77,174 | 42,137 | — | 15,540,113 |
| High Yield | 3,247,164 | — | 9,797,794 | — | — | (23,830) | — | — | 9,773,964 |
| International Strategic Equity Allocation | 2,296,346 | $22,223,701 | 2,395,589 | (3,356,288) | (189,356) | 1,086,095 | 724,631 | — | 22,159,741 |
| John Hancock Collateral Trust* | 2,265 | 9,032,588 | 236,689,068 | (245,704,719) | 7,297 | (1,582) | 61,375 | — | 22,652 |
| U.S. Sector Rotation | 2,501,725 | 27,034,543 | 2,372,133 | (5,537,886) | 103,390 | 2,996,414 | 351,394 | — | 26,968,594 |
| $(78,662) | $3,915,883 | $1,296,553 | — | $114,892,227 | |||||
| 2015 Lifetime Blend Portfolio | |||||||||
| Bond | 1,031,303 | — | $13,977,938 | $(134,888) | $(1,710) | $(73,443) | $39,307 | — | $13,767,897 |
| Emerging Markets Debt | 675,324 | — | 5,133,034 | (59,490) | (318) | 25,467 | 13,801 | — | 5,098,693 |
| High Yield | 1,058,391 | — | 3,230,189 | (36,458) | (242) | (7,731) | — | — | 3,185,758 |
| International Strategic Equity Allocation | 563,689 | $5,113,956 | 1,009,699 | (912,238) | (50,199) | 278,378 | 171,154 | — | 5,439,596 |
| 60 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 288 | $4,493,675 | $108,016,414 | $(112,510,003) | $3,881 | $(1,082) | $30,526 | — | $2,885 |
| U.S. Sector Rotation | 745,527 | 7,674,914 | 1,136,276 | (1,712,775) | 42,532 | 895,831 | 101,295 | — | 8,036,778 |
| $(6,056) | $1,117,420 | $356,083 | — | $35,531,607 | |||||
| 2010 Lifetime Blend Portfolio | |||||||||
| Bond | 782,052 | — | $10,496,414 | — | — | $(56,015) | $29,227 | — | $10,440,399 |
| Emerging Markets Debt | 497,709 | — | 3,739,204 | — | — | 18,497 | 10,036 | — | 3,757,701 |
| High Yield | 771,311 | — | 2,327,281 | — | — | (5,635) | — | — | 2,321,646 |
| International Strategic Equity Allocation | 303,966 | $3,005,681 | 484,279 | $(677,480) | $(43,612) | 164,400 | 94,933 | — | 2,933,268 |
| John Hancock Collateral Trust* | 119 | 2,499,111 | 88,990,710 | (91,492,528) | 4,558 | (662) | 19,158 | — | 1,189 |
| U.S. Sector Rotation | 395,732 | 4,138,780 | 536,259 | (888,368) | 6,690 | 472,630 | 53,792 | — | 4,265,991 |
| $(32,364) | $593,215 | $207,146 | — | $23,720,194 | |||||
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | 61 |
More information
π Member of the Audit Committee as of September 26, 2023.
† Non-Independent Trustee
* Member of the Audit Committee
# Effective June 29, 2023.
The portfolios’ proxy voting
policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov
or on our website.
All of the portfolios’
holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The portfolios’ Form N-PORT
filings are available on our website and the SEC’s website, sec.gov.
We make this information on your
portfolio, as well as monthly portfolio holdings, and other portfolio details available on our website at jhinvestments.com or by calling 800-225-5291.
| You can also contact us: | ||
| 800-225-5291 | Regular mail: | Express mail: |
| jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
| 62 | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT |
John Hancock family of funds
A fund’s investment
objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial
professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
John Hancock ETF shares are bought
and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by
Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife
Investment Management (US) LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP
receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to
the advisability of investing in, John Hancock Multifactor ETFs.
A message to shareholders
John Hancock
Lifestyle Blend Portfolios
Table of contents
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 1 |
Lifestyle Blend Portfolios at a glance
PORTFOLIO ALLOCATION AS OF
2/29/2024 (% of net assets)
Notes about risk
The portfolios may be subject to
various risks as described in the portfolios’ prospectuses. Political tensions, armed conflicts, and any resulting economic sanctions on entities and/or individuals of a particular country could lead such a
country into an economic recession. A widespread health crisis such as a global pandemic could cause substantial market volatility, exchange trading suspensions and closures, which may lead to less liquidity in
certain instruments, industries, sectors or the markets generally, and may ultimately affect portfolio performance. For more information, please refer to the “Principal risks” section of the
prospectuses.
| 2 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
AVERAGE ANNUAL TOTAL RETURNS AS
OF 2/29/2024 (%)
Lifestyle Blend Aggressive
Portfolio
Lifestyle Blend Growth Portfolio
Lifestyle Blend Balanced
Portfolio
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 3 |
AVERAGE ANNUAL TOTAL RETURNS AS OF 2/29/2024
(%)
Lifestyle Blend Moderate
Portfolio
Lifestyle Blend Conservative
Portfolio
Class A shares were first offered on
4-26-21. Returns prior to this date are those of Class 1 shares that have not been adjusted for class-specific expenses; otherwise returns would vary.
The Morningstar Target Allocation
Index family consists of indexes that offer a diversified mix of stocks and bonds created for local investors to benchmark their allocation funds. Morningstar’s Category classification system defines the level
of equity and bond exposure for each index.
The Morningstar U.S. Aggressive
Target Allocation Index seeks 92.5% exposure to global equity markets.
The Morningstar U.S. Moderately
Aggressive Target Allocation Index seeks 77.5% exposure to global equity markets.
The Morningstar U.S. Moderate
Target Allocation Index seeks 60% exposure to global equity markets.
The Morningstar U.S. Moderately
Conservative Target Allocation Index seeks 40% exposure to global equity markets.
The Morningstar U.S. Conservative
Target Allocation Index seeks 22.5% exposure to global equity markets.
It is not possible to invest
directly in an index. Index figures do not reflect expenses or sales charges, which would result in lower returns.
The fund’s Morningstar
category average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on their
historical portfolio holdings. Figures from Morningstar, Inc. include reinvested distributions and do not take into account sales charges. Actual load-adjusted performance is lower.
The past performance shown here
reflects reinvested distributions and the beneficial effect of any expense reductions, and does not guarantee future results. Returns for periods shorter than one year are cumulative, and results for other
share classes will vary. Shares will fluctuate in value and, when redeemed, may be worth more or less than their original cost. Current month-end performance may be lower or higher than the performance cited,
and can be found at jhinvestments.com or by calling 800-225-5291. For further information on the portfolios’ objectives, risks, and strategy, see the portfolios’ prospectuses.
| 4 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Portfolio summary
Lifestyle Blend Aggressive
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 57.8 |
| Equity | 56.6 |
| Large blend | 30.4 |
| International equity | 26.2 |
| Fixed income | 1.2 |
| Emerging-market debt | 0.5 |
| Intermediate bond | 0.4 |
| High yield bond | 0.3 |
| Unaffiliated investment companies | 40.4 |
| Equity | 40.4 |
| U.S. Government | 1.8 |
Lifestyle Blend Growth Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 53.0 |
| Equity | 45.0 |
| Large blend | 24.5 |
| International equity | 20.5 |
| Fixed income | 8.0 |
| Intermediate bond | 4.2 |
| Emerging-market debt | 2.5 |
| High yield bond | 1.3 |
| Unaffiliated investment companies | 43.2 |
| Equity | 36.6 |
| Fixed income | 6.6 |
| U.S. Government | 3.8 |
Lifestyle Blend Balanced
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 50.2 |
| Equity | 33.5 |
| Large blend | 18.3 |
| International equity | 15.2 |
| Fixed income | 16.7 |
| Intermediate bond | 8.9 |
| Emerging-market debt | 4.9 |
| High yield bond | 2.9 |
| Unaffiliated investment companies | 43.2 |
| Equity | 28.8 |
| Fixed income | 14.4 |
| U.S. Government | 6.6 |
Lifestyle Blend Moderate
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 47.9 |
| Equity | 21.5 |
| Large blend | 11.7 |
| International equity | 9.8 |
| Fixed income | 26.4 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 5 |
| ASSET ALLOCATION (% of net assets) | |
| Intermediate bond | 15.3 |
| Emerging-market debt | 6.9 |
| High yield bond | 4.2 |
| Unaffiliated investment companies | 44.9 |
| Fixed income | 24.4 |
| Equity | 20.5 |
| U.S. Government | 7.2 |
Lifestyle Blend Conservative
Portfolio
| ASSET ALLOCATION (% of net assets) | |
| Affiliated investment companies | 44.8 |
| Equity | 8.9 |
| Large blend | 4.8 |
| International equity | 4.1 |
| Fixed income | 35.9 |
| Intermediate bond | 21.3 |
| Emerging-market debt | 9.0 |
| High yield bond | 5.6 |
| Unaffiliated investment companies | 46.6 |
| Fixed income | 33.7 |
| Equity | 12.9 |
| U.S. Government | 8.5 |
| Short-term investments and other | 0.1 |
| 6 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Your expenses
As a shareholder of a John Hancock
Funds II Lifestyle Blend Portfolio, you incur two types of costs: (1) transaction costs, including sales charges (loads) on certain purchases or redemptions, and (2) ongoing costs, including management fees,
distribution and service (Rule 12b-1) fees, and other portfolio expenses. In addition to the operating expenses which each portfolio bears directly, each portfolio indirectly bears a pro rata share of the operating
expenses of the underlying funds in which each portfolio invests. Because underlying funds have varied operating expenses and transaction costs, and a portfolio may own different proportions of the underlying funds at
different times, the amount of expenses incurred indirectly by the portfolio will vary. Had these indirect expenses been reflected in the following analysis, total expenses would have been higher than the amounts
shown.
These examples are intended to help
you understand your ongoing costs (in dollars) of investing in a portfolio so you can compare these costs with the ongoing costs of investing in other mutual funds. The examples are based on an investment of $1,000 at
the beginning of the period and held for the entire period (September 1, 2023 through February 29, 2024).
Actual expenses:
The first line of each share class
in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over
the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled
“Expenses paid during period ended” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison
purposes:
The second line of each share class
in the following table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed annualized rate of return of 5% per year
before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You
may use this information to compare the ongoing costs of investing in a portfolio and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder
reports of the other funds. Please remember that these hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown
in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the second line of each share class in the table is useful in comparing ongoing costs only, and will
not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher. See the portfolios’ prospectuses for details
regarding transaction costs.
SHAREHOLDER EXPENSE EXAMPLE
CHART
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Lifestyle Blend Aggressive Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,095.10 | $3.70 | 0.71% |
| Hypothetical example | 1,000.00 | 1,021.30 | 3.57 | 0.71% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,098.20 | 1.51 | 0.29% |
| Hypothetical example | 1,000.00 | 1,023.40 | 1.46 | 0.29% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,098.00 | 1.77 | 0.34% |
| Hypothetical example | 1,000.00 | 1,023.20 | 1.71 | 0.34% | |
| Lifestyle Blend Growth Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,086.10 | $3.94 | 0.76% |
| Hypothetical example | 1,000.00 | 1,021.10 | 3.82 | 0.76% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,087.10 | 1.76 | 0.34% |
| Hypothetical example | 1,000.00 | 1,023.20 | 1.71 | 0.34% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,087.90 | 1.97 | 0.38% |
| Hypothetical example | 1,000.00 | 1,023.00 | 1.91 | 0.38% | |
| Lifestyle Blend Balanced Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,071.10 | $4.17 | 0.81% |
| Hypothetical example | 1,000.00 | 1,020.80 | 4.07 | 0.81% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,073.30 | 2.01 | 0.39% |
| Hypothetical example | 1,000.00 | 1,022.90 | 1.96 | 0.39% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,073.20 | 2.22 | 0.43% |
| Hypothetical example | 1,000.00 | 1,022.70 | 2.16 | 0.43% | |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 7 |
SHAREHOLDER EXPENSE EXAMPLE CHART (continued)
| Account value on 9-1-2023 | Ending value on 2-29-2024 | Expenses paid during period ended 2-29-20241 | Annualized expense ratio2 | ||
| Lifestyle Blend Moderate Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,057.80 | $4.40 | 0.86% |
| Hypothetical example | 1,000.00 | 1,020.60 | 4.32 | 0.86% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,059.90 | 2.25 | 0.44% |
| Hypothetical example | 1,000.00 | 1,022.70 | 2.21 | 0.44% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,059.70 | 2.51 | 0.49% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.46 | 0.49% | |
| Lifestyle Blend Conservative Portfolio | |||||
| Class A | Actual expenses/actual returns | $1,000.00 | $1,047.00 | $4.68 | 0.92% |
| Hypothetical example | 1,000.00 | 1,020.30 | 4.62 | 0.92% | |
| Class R6 | Actual expenses/actual returns | 1,000.00 | 1,049.10 | 2.55 | 0.50% |
| Hypothetical example | 1,000.00 | 1,022.40 | 2.51 | 0.50% | |
| Class 1 | Actual expenses/actual returns | 1,000.00 | 1,048.90 | 2.80 | 0.55% |
| Hypothetical example | 1,000.00 | 1,022.10 | 2.77 | 0.55% | |
| 1 | Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period). |
| 2 | Ratios do not include expenses indirectly incurred by the underlying funds and can vary based on the mix of underlying funds held by the portfolios. |
| 8 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Portfolios’ investments
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 9 |
Financial statements
STATEMENTS OF ASSETS AND
LIABILITIES 2-29-24 (unaudited)
| Lifestyle Blend Aggressive Portfolio | Lifestyle Blend Growth Portfolio | Lifestyle Blend Balanced Portfolio | Lifestyle Blend Moderate Portfolio | Lifestyle Blend Conservative Portfolio | |
| Assets | |||||
| Unaffiliated investments, at value (including securites loaned) | $226,138,654 | $561,550,944 | $608,459,528 | $199,165,668 | $166,044,712 |
| Affiliated investments, at value | 316,310,604 | 649,723,146 | 614,366,102 | 186,057,712 | 135,220,898 |
| Total investments, at value | 542,449,258 | 1,211,274,090 | 1,222,825,630 | 385,223,380 | 301,265,610 |
| Dividends and interest receivable | 130,972 | 479,199 | 745,007 | 315,748 | 332,223 |
| Receivable for fund shares sold | 415,012 | 1,206,419 | 1,203,964 | 194,221 | 293,302 |
| Receivable for investments sold | 1,567,573 | 12,416,830 | 25,131,037 | 11,500,748 | 11,314,001 |
| Receivable for securities lending income | 628 | 3,232 | 861 | 1,158 | 243 |
| Receivable from affiliates | 1,077 | — | — | 1,037 | 987 |
| Other assets | 32,416 | 55,794 | 62,816 | 25,987 | 21,537 |
| Total assets | 544,596,936 | 1,225,435,564 | 1,249,969,315 | 397,262,279 | 313,227,903 |
| Liabilities | |||||
| Due to custodian | 1,058,491 | 249,194 | 468,048 | 9,481,816 | 9,949,086 |
| Line of credit payable | — | 10,000,000 | 23,000,000 | — | — |
| Payable for investments purchased | 792,826 | 3,033,875 | 2,683,863 | 2,178,100 | 1,631,911 |
| Payable for fund shares repurchased | 142,002 | 81,287 | 272,122 | 282,588 | 11,416 |
| Payable upon return of securities loaned | 6,635,950 | 14,781,750 | 783 | 2,623,000 | — |
| Payable to affiliates | |||||
| Accounting and legal services fees | 29,943 | 66,885 | 69,077 | 21,689 | 17,393 |
| Transfer agent fees | 7,054 | 17,685 | 26,252 | 11,397 | 9,253 |
| Trustees’ fees | 275 | 600 | 620 | 188 | 160 |
| Other liabilities and accrued expenses | 34,711 | 40,687 | 42,268 | 33,858 | 33,222 |
| Total liabilities | 8,701,252 | 28,271,963 | 26,563,033 | 14,632,636 | 11,652,441 |
| Net assets | $535,895,684 | $1,197,163,601 | $1,223,406,282 | $382,629,643 | $301,575,462 |
| Net assets consist of | |||||
| Paid-in capital | $500,136,572 | $1,142,214,014 | $1,212,849,301 | $391,437,916 | $319,691,536 |
| Total distributable earnings (loss) | 35,759,112 | 54,949,587 | 10,556,981 | (8,808,273) | (18,116,074) |
| Net assets | $535,895,684 | $1,197,163,601 | $1,223,406,282 | $382,629,643 | $301,575,462 |
| Unaffiliated investments, at cost | $199,964,376 | $506,420,512 | $572,316,610 | $193,129,704 | $164,923,268 |
| Affiliated investments, at cost | 299,127,093 | 618,726,543 | 588,496,650 | 179,685,286 | 132,552,924 |
| Total investments, at cost | 499,091,469 | 1,125,147,055 | 1,160,813,260 | 372,814,990 | 297,476,192 |
| Securities loaned, at value | $6,498,199 | $14,462,694 | $765 | $2,665,750 | — |
| Net asset value per share | |||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | |||||
| Class A1 | |||||
| Net assets | $77,194,778 | $196,256,625 | $289,219,945 | $124,349,741 | $100,383,000 |
| Shares outstanding | 6,233,322 | 16,566,357 | 26,421,999 | 11,886,695 | 10,153,130 |
| Net asset value and redemption price per share | $12.38 | $11.85 | $10.95 | $10.46 | $9.89 |
| Class R6 | |||||
| Net assets | $22,879,279 | $38,491,843 | $24,377,378 | $8,947,931 | $6,717,327 |
| Shares outstanding | 1,847,102 | 3,244,598 | 2,227,976 | 854,754 | 678,967 |
| Net asset value, offering price and redemption price per share | $12.39 | $11.86 | $10.94 | $10.47 | $9.89 |
| Class 1 | |||||
| Net assets | $435,821,627 | $962,415,133 | $909,808,959 | $249,331,971 | $194,475,135 |
| Shares outstanding | 35,217,855 | 81,295,937 | 83,192,278 | 23,824,045 | 19,664,285 |
| Net asset value, offering price and redemption price per share | $12.38 | $11.84 | $10.94 | $10.47 | $9.89 |
| Maximum offering price per share | |||||
| Class A (net asset value per share ÷ 95%)2 | $13.03 | $12.47 | $11.53 | $11.01 | $10.41 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 13 |
STATEMENTS OF OPERATIONS For the six months ended 2-29-24 (unaudited)
| Lifestyle Blend Aggressive Portfolio | Lifestyle Blend Growth Portfolio | Lifestyle Blend Balanced Portfolio | Lifestyle Blend Moderate Portfolio | Lifestyle Blend Conservative Portfolio | |
| Investment income | |||||
| Dividends from affiliated investments | $6,419,964 | $11,441,595 | $9,166,341 | $2,000,302 | $870,249 |
| Dividends from unaffiliated investments | 2,873,249 | 9,288,664 | 12,724,190 | 5,115,914 | 5,073,697 |
| Interest | 151,153 | 697,533 | 1,247,803 | 368,590 | 277,785 |
| Securities lending | 3,049 | 64,298 | 227,786 | 122,240 | 175,777 |
| Total investment income | 9,447,415 | 21,492,090 | 23,366,120 | 7,607,046 | 6,397,508 |
| Expenses | |||||
| Investment management fees | 580,055 | 1,584,927 | 1,935,435 | 700,839 | 651,332 |
| Distribution and service fees | 201,916 | 475,559 | 593,315 | 224,081 | 187,230 |
| Accounting and legal services fees | 59,670 | 132,896 | 137,913 | 43,130 | 35,120 |
| Transfer agent fees | 41,050 | 102,367 | 153,514 | 67,049 | 56,838 |
| Trustees’ fees | 6,684 | 14,089 | 14,663 | 4,873 | 4,053 |
| Custodian fees | 13,342 | 14,112 | 14,112 | 14,112 | 14,112 |
| State registration fees | 19,001 | 23,617 | 25,146 | 20,499 | 17,409 |
| Printing and postage | 7,332 | 8,395 | 8,853 | 7,261 | 7,232 |
| Professional fees | 27,704 | 37,867 | 38,616 | 25,292 | 24,279 |
| Other | 14,828 | 30,160 | 32,794 | 11,909 | 13,991 |
| Total expenses | 971,582 | 2,423,989 | 2,954,361 | 1,119,045 | 1,011,596 |
| Less expense reductions | (19,927) | (7,149) | (15,653) | (42,233) | (46,301) |
| Net expenses | 951,655 | 2,416,840 | 2,938,708 | 1,076,812 | 965,295 |
| Net investment income | 8,495,760 | 19,075,250 | 20,427,412 | 6,530,234 | 5,432,213 |
| Realized and unrealized gain (loss) | |||||
| Net realized gain (loss) on | |||||
| Unaffiliated investments | (430,982) | (13,054,391) | (28,235,075) | (10,355,861) | (10,115,341) |
| Affiliated investments | 52,542 | 157,340 | 240,529 | (6,995) | (46,057) |
| (378,440) | (12,897,051) | (27,994,546) | (10,362,856) | (10,161,398) | |
| Change in net unrealized appreciation (depreciation) of | |||||
| Unaffiliated investments | 16,604,265 | 48,233,262 | 59,239,804 | 19,095,806 | 16,940,076 |
| Affiliated investments | 23,614,616 | 42,045,576 | 32,249,908 | 6,567,442 | 1,983,602 |
| 40,218,881 | 90,278,838 | 91,489,712 | 25,663,248 | 18,923,678 | |
| Net realized and unrealized gain | 39,840,441 | 77,381,787 | 63,495,166 | 15,300,392 | 8,762,280 |
| Increase in net assets from operations | $48,336,201 | $96,457,037 | $83,922,578 | $21,830,626 | $14,194,493 |
| 14 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
STATEMENTS OF CHANGES IN NET
ASSETS
| Lifestyle Blend Aggressive Portfolio | Lifestyle Blend Growth Portfolio | Lifestyle Blend Balanced Portfolio | ||||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income | $8,495,760 | $6,519,930 | $19,075,250 | $18,903,309 | $20,427,412 | $24,402,016 |
| Net realized loss | (378,440) | (4,379,502) | (12,897,051) | (13,161,478) | (27,994,546) | (17,636,097) |
| Change in net unrealized appreciation (depreciation) | 40,218,881 | 42,971,262 | 90,278,838 | 78,037,388 | 91,489,712 | 60,388,329 |
| Increase in net assets resulting from operations | 48,336,201 | 45,111,690 | 96,457,037 | 83,779,219 | 83,922,578 | 67,154,248 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (1,106,504) | (5,315,969) | (3,204,924) | (11,651,766) | (4,750,385) | (15,005,145) |
| Class R6 | (385,544) | (1,633,965) | (685,039) | (2,668,019) | (430,695) | (1,610,666) |
| Class 1 | (8,060,613) | (46,896,397) | (20,454,798) | (98,515,443) | (17,934,379) | (82,881,884) |
| Total distributions | (9,552,661) | (53,846,331) | (24,344,761) | (112,835,228) | (23,115,459) | (99,497,695) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 5,187,005 | 50,900,232 | 39,063,092 | 122,438,420 | 29,420,821 | 159,318,239 |
| Total increase | 43,970,545 | 42,165,591 | 111,175,368 | 93,382,411 | 90,227,940 | 126,974,792 |
| Net assets | ||||||
| Beginning of period | 491,925,139 | 449,759,548 | 1,085,988,233 | 992,605,822 | 1,133,178,342 | 1,006,203,550 |
| End of period | $535,895,684 | $491,925,139 | $1,197,163,601 | $1,085,988,233 | $1,223,406,282 | $1,133,178,342 |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 15 |
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Lifestyle Blend Moderate Portfolio | Lifestyle Blend Conservative Portfolio | |||
| Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | Six months ended 2-29-24 (unaudited) | Year ended 8-31-23 | |
| Increase (decrease) in net assets | ||||
| From operations | ||||
| Net investment income | $6,530,234 | $8,937,304 | $5,432,213 | $8,847,774 |
| Net realized loss | (10,362,856) | (7,882,743) | (10,161,398) | (9,262,099) |
| Change in net unrealized appreciation (depreciation) | 25,663,248 | 15,234,233 | 18,923,678 | 11,755,015 |
| Increase in net assets resulting from operations | 21,830,626 | 16,288,794 | 14,194,493 | 11,340,690 |
| Distributions to shareholders | ||||
| From earnings | ||||
| Class A | (2,144,366) | (4,471,638) | (1,911,589) | (3,234,319) |
| Class R6 | (178,384) | (357,524) | (128,562) | (184,977) |
| Class 1 | (5,144,960) | (15,526,684) | (4,348,442) | (9,382,936) |
| Total distributions | (7,467,710) | (20,355,846) | (6,388,593) | (12,802,232) |
| Portfolio share transactions | ||||
| From portfolio share transactions | 20,806,026 | 46,034,503 | 7,687,773 | 26,204,928 |
| Total increase | 35,168,942 | 41,967,451 | 15,493,673 | 24,743,386 |
| Net assets | ||||
| Beginning of period | 347,460,701 | 305,493,250 | 286,081,789 | 261,338,403 |
| End of period | $382,629,643 | $347,460,701 | $301,575,462 | $286,081,789 |
| 16 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Financial highlights
Lifestyle Blend Aggressive
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in millions) | Portfolio turnover (%) | ||||||
| Lifestyle Blend Aggressive Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 11.48 | 0.18 | 0.91 | 1.09 | (0.19) | — | (0.19) | 12.38 | 9.516, 7 | 0.728 | 0.718 | 1.878 | 77 | 9 | ||||||
| 08-31-2023 | 11.86 | 0.11 | 0.88 | 0.99 | (0.11) | (1.26) | (1.37) | 11.48 | 9.697 | 0.71 | 0.70 | 0.98 | 62 | 16 | ||||||
| 08-31-2022 | 14.98 | 0.09 | (2.16) | (2.07) | (0.14) | (0.91) | (1.05) | 11.86 | (15.01)7 | 0.68 | 0.68 | 0.69 | 43 | 91 | ||||||
| 08-31-20219 | 14.31 | (0.02) | 0.69 | 0.67 | — | — | — | 14.98 | 4.686, 7 | 0.658 | 0.658 | (0.30)8 | 9 | 17 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 11.50 | 0.21 | 0.91 | 1.12 | (0.23) | — | (0.23) | 12.39 | 9.826 | 0.308 | 0.298 | 2.278 | 23 | 9 | ||||||
| 08-31-2023 | 11.88 | 0.16 | 0.88 | 1.04 | (0.16) | (1.26) | (1.42) | 11.50 | 10.16 | 0.30 | 0.29 | 1.42 | 17 | 16 | ||||||
| 08-31-2022 | 15.01 | 0.16 | (2.18) | (2.02) | (0.20) | (0.91) | (1.11) | 11.88 | (14.70) | 0.27 | 0.27 | 1.19 | 14 | 91 | ||||||
| 08-31-2021 | 11.94 | 0.17 | 3.34 | 3.51 | (0.17) | (0.27) | (0.44) | 15.01 | 30.02 | 0.25 | 0.25 | 1.22 | 12 | 17 | ||||||
| 08-31-2020 | 11.57 | 0.16 | 1.32 | 1.48 | (0.23) | (0.88) | (1.11) | 11.94 | 13.00 | 0.26 | 0.26 | 1.48 | 8 | 21 | ||||||
| 08-31-2019 | 13.12 | 0.19 | (0.50) | (0.31) | (0.20) | (1.04) | (1.24) | 11.57 | (0.88) | 0.25 | 0.25 | 1.62 | 4 | 14 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 11.48 | 0.20 | 0.93 | 1.13 | (0.23) | — | (0.23) | 12.38 | 9.806 | 0.348 | 0.348 | 2.158 | 436 | 9 | ||||||
| 08-31-2023 | 11.87 | 0.16 | 0.86 | 1.02 | (0.15) | (1.26) | (1.41) | 11.48 | 10.02 | 0.34 | 0.34 | 1.45 | 412 | 16 | ||||||
| 08-31-2022 | 15.00 | 0.18 | (2.20) | (2.02) | (0.20) | (0.91) | (1.11) | 11.87 | (14.74) | 0.31 | 0.31 | 1.30 | 392 | 91 | ||||||
| 08-31-2021 | 11.93 | 0.16 | 3.35 | 3.51 | (0.17) | (0.27) | (0.44) | 15.00 | 30.00 | 0.29 | 0.29 | 1.20 | 489 | 17 | ||||||
| 08-31-2020 | 11.56 | 0.21 | 1.27 | 1.48 | (0.23) | (0.88) | (1.11) | 11.93 | 12.98 | 0.30 | 0.29 | 1.90 | 379 | 21 | ||||||
| 08-31-2019 | 13.12 | 0.19 | (0.51) | (0.32) | (0.20) | (1.04) | (1.24) | 11.56 | (1.01) | 0.29 | 0.29 | 1.61 | 336 | 14 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 4-26-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 17 |
Financial highlights continued
Lifestyle Blend Growth Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in millions) | Portfolio turnover (%) | ||||||
| Lifestyle Blend Growth Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 11.11 | 0.17 | 0.78 | 0.95 | (0.21) | — | (0.21) | 11.85 | 8.616, 7 | 0.768 | 0.768 | 2.118 | 196 | 16 | ||||||
| 08-31-2023 | 11.57 | 0.15 | 0.65 | 0.80 | (0.17) | (1.09) | (1.26) | 11.11 | 7.957 | 0.75 | 0.75 | 1.41 | 154 | 15 | ||||||
| 08-31-2022 | 14.32 | 0.14 | (2.05) | (1.91) | (0.16) | (0.68) | (0.84) | 11.57 | (14.26)7 | 0.73 | 0.73 | 1.14 | 85 | 74 | ||||||
| 08-31-20219 | 13.73 | —10 | 0.59 | 0.59 | — | — | — | 14.32 | 4.306, 7 | 0.708 | 0.708 | 0.068 | 20 | 22 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 11.15 | 0.19 | 0.78 | 0.97 | (0.26) | — | (0.26) | 11.86 | 8.716 | 0.348 | 0.348 | 2.448 | 38 | 16 | ||||||
| 08-31-2023 | 11.60 | 0.21 | 0.65 | 0.86 | (0.22) | (1.09) | (1.31) | 11.15 | 8.51 | 0.34 | 0.34 | 1.88 | 28 | 15 | ||||||
| 08-31-2022 | 14.37 | 0.22 | (2.09) | (1.87) | (0.22) | (0.68) | (0.90) | 11.60 | (14.01) | 0.32 | 0.32 | 1.69 | 24 | 74 | ||||||
| 08-31-2021 | 11.97 | 0.19 | 2.68 | 2.87 | (0.20) | (0.27) | (0.47) | 14.37 | 24.56 | 0.30 | 0.30 | 1.43 | 21 | 22 | ||||||
| 08-31-2020 | 11.56 | 0.23 | 1.11 | 1.34 | (0.26) | (0.67) | (0.93) | 11.97 | 11.88 | 0.31 | 0.31 | 2.07 | 7 | 32 | ||||||
| 08-31-2019 | 12.56 | 0.23 | (0.21) | 0.02 | (0.23) | (0.79) | (1.02) | 11.56 | 1.30 | 0.30 | 0.30 | 1.99 | 6 | 13 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 11.12 | 0.20 | 0.77 | 0.97 | (0.25) | — | (0.25) | 11.84 | 8.796 | 0.398 | 0.388 | 2.488 | 962 | 16 | ||||||
| 08-31-2023 | 11.58 | 0.21 | 0.63 | 0.84 | (0.21) | (1.09) | (1.30) | 11.12 | 8.39 | 0.39 | 0.39 | 1.89 | 903 | 15 | ||||||
| 08-31-2022 | 14.34 | 0.22 | (2.08) | (1.86) | (0.22) | (0.68) | (0.90) | 11.58 | (14.00) | 0.36 | 0.36 | 1.68 | 884 | 74 | ||||||
| 08-31-2021 | 11.95 | 0.19 | 2.67 | 2.86 | (0.20) | (0.27) | (0.47) | 14.34 | 24.48 | 0.34 | 0.34 | 1.48 | 1,096 | 22 | ||||||
| 08-31-2020 | 11.54 | 0.24 | 1.10 | 1.34 | (0.26) | (0.67) | (0.93) | 11.95 | 11.86 | 0.34 | 0.34 | 2.10 | 887 | 32 | ||||||
| 08-31-2019 | 12.54 | 0.22 | (0.20) | 0.02 | (0.23) | (0.79) | (1.02) | 11.54 | 1.27 | 0.34 | 0.34 | 1.96 | 823 | 13 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 4-26-21. |
| 10 Less than $0.005 per share. |
| 18 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Lifestyle Blend Balanced Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in millions) | Portfolio turnover (%) | ||||||
| Lifestyle Blend Balanced Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 10.40 | 0.17 | 0.57 | 0.74 | (0.19) | — | (0.19) | 10.95 | 7.116, 7 | 0.818 | 0.818 | 2.528 | 289 | 27 | ||||||
| 08-31-2023 | 10.82 | 0.19 | 0.39 | 0.58 | (0.21) | (0.79) | (1.00) | 10.40 | 6.087 | 0.80 | 0.80 | 1.90 | 232 | 15 | ||||||
| 08-31-2022 | 13.33 | 0.19 | (1.93) | (1.74) | (0.19) | (0.58) | (0.77) | 10.82 | (13.85)7 | 0.79 | 0.79 | 1.62 | 126 | 58 | ||||||
| 08-31-20219 | 12.84 | 0.02 | 0.50 | 0.52 | (0.03) | — | (0.03) | 13.33 | 4.066, 7 | 0.768 | 0.768 | 0.558 | 28 | 32 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 10.40 | 0.19 | 0.56 | 0.75 | (0.21) | — | (0.21) | 10.94 | 7.336 | 0.398 | 0.398 | 2.878 | 24 | 27 | ||||||
| 08-31-2023 | 10.82 | 0.24 | 0.38 | 0.62 | (0.25) | (0.79) | (1.04) | 10.40 | 6.53 | 0.40 | 0.40 | 2.35 | 21 | 15 | ||||||
| 08-31-2022 | 13.33 | 0.25 | (1.93) | (1.68) | (0.25) | (0.58) | (0.83) | 10.82 | (13.48) | 0.38 | 0.38 | 2.11 | 16 | 58 | ||||||
| 08-31-2021 | 11.66 | 0.21 | 1.94 | 2.15 | (0.22) | (0.26) | (0.48) | 13.33 | 18.91 | 0.36 | 0.36 | 1.69 | 19 | 32 | ||||||
| 08-31-2020 | 11.26 | 0.25 | 0.90 | 1.15 | (0.27) | (0.48) | (0.75) | 11.66 | 10.50 | 0.37 | 0.37 | 2.23 | 7 | 42 | ||||||
| 08-31-2019 | 11.79 | 0.26 | 0.03 | 0.29 | (0.26) | (0.56) | (0.82) | 11.26 | 3.26 | 0.36 | 0.36 | 2.32 | 6 | 21 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 10.39 | 0.19 | 0.57 | 0.76 | (0.21) | — | (0.21) | 10.94 | 7.326 | 0.448 | 0.438 | 2.898 | 910 | 27 | ||||||
| 08-31-2023 | 10.82 | 0.25 | 0.36 | 0.61 | (0.25) | (0.79) | (1.04) | 10.39 | 6.40 | 0.44 | 0.44 | 2.38 | 881 | 15 | ||||||
| 08-31-2022 | 13.32 | 0.25 | (1.93) | (1.68) | (0.24) | (0.58) | (0.82) | 10.82 | (13.45) | 0.42 | 0.42 | 2.07 | 864 | 58 | ||||||
| 08-31-2021 | 11.65 | 0.22 | 1.93 | 2.15 | (0.22) | (0.26) | (0.48) | 13.32 | 18.87 | 0.40 | 0.40 | 1.73 | 1,074 | 32 | ||||||
| 08-31-2020 | 11.26 | 0.25 | 0.88 | 1.13 | (0.26) | (0.48) | (0.74) | 11.65 | 10.36 | 0.41 | 0.41 | 2.26 | 931 | 42 | ||||||
| 08-31-2019 | 11.78 | 0.25 | 0.05 | 0.30 | (0.26) | (0.56) | (0.82) | 11.26 | 3.31 | 0.40 | 0.40 | 2.30 | 891 | 21 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 4-26-21. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 19 |
Financial highlights continued
Lifestyle Blend Moderate Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in millions) | Portfolio turnover (%) | ||||||
| Lifestyle Blend Moderate Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 10.08 | 0.17 | 0.41 | 0.58 | (0.20) | — | (0.20) | 10.46 | 5.786, 7 | 0.898 | 0.868 | 2.898 | 124 | 38 | ||||||
| 08-31-2023 | 10.25 | 0.24 | 0.20 | 0.44 | (0.24) | (0.37) | (0.61) | 10.08 | 4.687 | 0.88 | 0.86 | 2.38 | 102 | 20 | ||||||
| 08-31-2022 | 12.34 | 0.22 | (1.73) | (1.51) | (0.21) | (0.37) | (0.58) | 10.25 | (12.77)7 | 0.87 | 0.86 | 2.04 | 55 | 45 | ||||||
| 08-31-20219 | 11.98 | 0.04 | 0.36 | 0.40 | (0.04) | — | (0.04) | 12.34 | 3.336, 7 | 0.858 | 0.848 | 0.978 | 15 | 34 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 10.08 | 0.19 | 0.42 | 0.61 | (0.22) | — | (0.22) | 10.47 | 5.996 | 0.478 | 0.448 | 3.288 | 9 | 38 | ||||||
| 08-31-2023 | 10.25 | 0.28 | 0.20 | 0.48 | (0.28) | (0.37) | (0.65) | 10.08 | 5.12 | 0.48 | 0.46 | 2.81 | 7 | 20 | ||||||
| 08-31-2022 | 12.35 | 0.27 | (1.74) | (1.47) | (0.26) | (0.37) | (0.63) | 10.25 | (12.49) | 0.46 | 0.45 | 2.41 | 5 | 45 | ||||||
| 08-31-2021 | 11.40 | 0.21 | 1.21 | 1.42 | (0.22) | (0.25) | (0.47) | 12.35 | 12.73 | 0.45 | 0.44 | 1.81 | 4 | 34 | ||||||
| 08-31-2020 | 11.08 | 0.26 | 0.66 | 0.92 | (0.28) | (0.32) | (0.60) | 11.40 | 8.58 | 0.46 | 0.44 | 2.35 | 1 | 48 | ||||||
| 08-31-2019 | 11.15 | 0.28 | 0.28 | 0.56 | (0.29) | (0.34) | (0.63) | 11.08 | 5.58 | 0.44 | 0.44 | 2.56 | 1 | 21 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 10.08 | 0.19 | 0.42 | 0.61 | (0.22) | — | (0.22) | 10.47 | 5.976 | 0.518 | 0.498 | 3.278 | 249 | 38 | ||||||
| 08-31-2023 | 10.25 | 0.28 | 0.20 | 0.48 | (0.28) | (0.37) | (0.65) | 10.08 | 5.07 | 0.52 | 0.50 | 2.84 | 238 | 20 | ||||||
| 08-31-2022 | 12.35 | 0.27 | (1.75) | (1.48) | (0.25) | (0.37) | (0.62) | 10.25 | (12.52) | 0.50 | 0.49 | 2.38 | 246 | 45 | ||||||
| 08-31-2021 | 11.40 | 0.23 | 1.19 | 1.42 | (0.22) | (0.25) | (0.47) | 12.35 | 12.69 | 0.49 | 0.48 | 1.91 | 300 | 34 | ||||||
| 08-31-2020 | 11.08 | 0.26 | 0.66 | 0.92 | (0.28) | (0.32) | (0.60) | 11.40 | 8.54 | 0.49 | 0.48 | 2.41 | 257 | 48 | ||||||
| 08-31-2019 | 11.14 | 0.27 | 0.29 | 0.56 | (0.28) | (0.34) | (0.62) | 11.08 | 5.64 | 0.48 | 0.48 | 2.55 | 262 | 21 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 4-26-21. |
| 20 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT | SEE NOTES TO FINANCIAL STATEMENTS |
Lifestyle Blend Conservative
Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended | Net asset value, beginning of period ($) | Net investment income (loss) ($)1, 2 | Net realized and unrealized gain (loss) on investments ($) | Total from investment operations ($) | From net investment income ($) | From net realized gain ($) | Total distributions ($) | Net asset value, end of period ($) | Total return (%)3 | Expenses before reductions (%)4 | Expenses including reductions (%)4 | Net investment income (loss) (%)2 | Net assets, end of period (in millions) | Portfolio turnover (%) | ||||||
| Lifestyle Blend Conservative Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-29-20245 | 9.63 | 0.17 | 0.29 | 0.46 | (0.20) | — | (0.20) | 9.89 | 4.706, 7 | 0.958 | 0.928 | 3.258 | 100 | 50 | ||||||
| 08-31-2023 | 9.71 | 0.28 | 0.06 | 0.34 | (0.29) | (0.13) | (0.42) | 9.63 | 3.667 | 0.95 | 0.92 | 2.89 | 90 | 26 | ||||||
| 08-31-2022 | 11.59 | 0.26 | (1.58) | (1.32) | (0.24) | (0.32) | (0.56) | 9.71 | (11.88)7 | 0.94 | 0.92 | 2.54 | 60 | 28 | ||||||
| 08-31-20219 | 11.36 | 0.06 | 0.22 | 0.28 | (0.05) | — | (0.05) | 11.59 | 2.436, 7 | 0.938 | 0.918 | 1.538 | 11 | 43 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-29-20245 | 9.64 | 0.19 | 0.28 | 0.47 | (0.22) | — | (0.22) | 9.89 | 4.916 | 0.538 | 0.508 | 3.708 | 7 | 50 | ||||||
| 08-31-2023 | 9.72 | 0.31 | 0.07 | 0.38 | (0.33) | (0.13) | (0.46) | 9.64 | 4.09 | 0.54 | 0.51 | 3.24 | 7 | 26 | ||||||
| 08-31-2022 | 11.60 | 0.30 | (1.58) | (1.28) | (0.28) | (0.32) | (0.60) | 9.72 | (11.50) | 0.53 | 0.51 | 2.84 | 3 | 28 | ||||||
| 08-31-2021 | 11.19 | 0.24 | 0.55 | 0.79 | (0.23) | (0.15) | (0.38) | 11.60 | 7.20 | 0.53 | 0.51 | 2.09 | 3 | 43 | ||||||
| 08-31-2020 | 10.84 | 0.21 | 0.56 | 0.77 | (0.27) | (0.15) | (0.42) | 11.19 | 7.37 | 0.54 | 0.51 | 2.02 | 2 | 57 | ||||||
| 08-31-2019 | 10.57 | 0.24 | 0.47 | 0.71 | (0.28) | (0.16) | (0.44) | 10.84 | 7.09 | 0.51 | 0.50 | 2.35 | —10 | 21 | ||||||
| Class 1 | ||||||||||||||||||||
| 02-29-20245 | 9.63 | 0.18 | 0.30 | 0.48 | (0.22) | — | (0.22) | 9.89 | 4.896 | 0.588 | 0.558 | 3.658 | 194 | 50 | ||||||
| 08-31-2023 | 9.71 | 0.31 | 0.06 | 0.37 | (0.32) | (0.13) | (0.45) | 9.63 | 4.04 | 0.59 | 0.56 | 3.28 | 189 | 26 | ||||||
| 08-31-2022 | 11.60 | 0.30 | (1.59) | (1.29) | (0.28) | (0.32) | (0.60) | 9.71 | (11.62) | 0.58 | 0.55 | 2.80 | 198 | 28 | ||||||
| 08-31-2021 | 11.18 | 0.24 | 0.55 | 0.79 | (0.22) | (0.15) | (0.37) | 11.60 | 7.26 | 0.57 | 0.55 | 2.10 | 230 | 43 | ||||||
| 08-31-2020 | 10.83 | 0.27 | 0.50 | 0.77 | (0.27) | (0.15) | (0.42) | 11.18 | 7.33 | 0.57 | 0.54 | 2.50 | 199 | 57 | ||||||
| 08-31-2019 | 10.56 | 0.28 | 0.43 | 0.71 | (0.28) | (0.16) | (0.44) | 10.83 | 7.05 | 0.55 | 0.54 | 2.73 | 184 | 21 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 5 Six months ended 2-29-24. Unaudited. |
| 6 Not annualized. |
| 7 Does not reflect the effect of sales charges, if any. |
| 8 Annualized. |
| 9 The inception date for Class A shares is 4-26-21. |
| 10 Less than $500,000. |
| SEE NOTES TO FINANCIAL STATEMENTS | SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 21 |
Notes to financial statements (unaudited)
Note 1—Organization
John Hancock Funds II (the Trust) is
an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple
investment series, five of which are presented in this report (collectively, Lifestyle Blend Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as “funds of
funds” that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.
The portfolios may offer multiple
classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A shares are open to all investors. Class R6 shares are only available to certain
retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation. Shareholders of each class have exclusive voting rights to matters that
affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
The investment objectives of the
portfolios are as follows:
Lifestyle Blend Aggressive
Portfolio
To seek long-term growth of capital.
Current income is not a consideration.
Lifestyle Blend Growth Portfolio
To seek long-term growth of capital.
Current income is also a consideration.
Lifestyle Blend Balanced Portfolio
To seek a balance between a high
level of current income and growth of capital, with a greater emphasis on growth of capital.
Lifestyle Blend Moderate Portfolio
To seek a balance between a high
level of current income and growth of capital, with a greater emphasis on income.
Lifestyle Blend Conservative
Portfolio
To seek a high level of current
income with some consideration given to growth of capital.
The accounting policies of the
underlying funds in which the portfolios invest are outlined in the underlying funds’ shareholder reports, which include the underlying funds’ financial statements. These are available on the Securities
and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds’ shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds
are not covered by this report.
Note 2—Significant accounting policies
The financial statements have been
prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial
statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US
GAAP.
Events or transactions occurring
after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting
policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other
disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the
NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC.
In order to value the securities,
the portfolios use the following valuation techniques: Investments by the portfolios in underlying affiliated funds and other open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their
respective NAVs each business day. Equity securities, including exchange-traded funds or closed-end funds, held by the portfolios are typically valued at the last sale price or official closing price on the exchange
or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are
typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes 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, as well as broker supplied prices. Investments by the portfolios in open-end mutual funds,
including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates
supplied by an independent pricing vendor.
In certain instances, the Pricing
Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for
trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and
assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the
Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready
market for such securities existed.
| 22 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Trading in foreign securities may be completed
before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally
determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and
adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the
close of foreign exchanges or markets and the close of the NYSE.
The portfolios use a three tier
hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical
securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates,
prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes
securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor’s assumptions in determining the fair value of investments. Factors used in
determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the
risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the
values by input classification of the portfolios’ investments as of February 29, 2024, by major security category or type:
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Lifestyle Blend Aggressive Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $309,668,451 | $309,668,451 | — | — |
| Unaffiliated investment companies | 216,591,058 | 216,591,058 | — | — |
| Common stocks | 28,960 | — | — | $28,960 |
| U.S. Government and Agency obligations | 9,518,636 | — | $9,518,636 | — |
| Short-term investments | 6,642,153 | 6,642,153 | — | — |
| Total investments in securities | $542,449,258 | $532,901,662 | $9,518,636 | $28,960 |
| Lifestyle Blend Growth Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $634,938,157 | $634,938,157 | — | — |
| Unaffiliated investment companies | 516,528,083 | 516,528,083 | — | — |
| Common stocks | 48,975 | — | — | $48,975 |
| U.S. Government and Agency obligations | 44,973,886 | — | $44,973,886 | — |
| Short-term investments | 14,784,989 | 14,784,989 | — | — |
| Total investments in securities | $1,211,274,090 | $1,166,251,229 | $44,973,886 | $48,975 |
| Lifestyle Blend Balanced Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $614,364,771 | $614,364,771 | — | — |
| Unaffiliated investment companies | 528,286,857 | 528,286,857 | — | — |
| Common stocks | 35,398 | — | — | $35,398 |
| U.S. Government and Agency obligations | 80,137,273 | — | $80,137,273 | — |
| Short-term investments | 1,331 | 1,331 | — | — |
| Total investments in securities | $1,222,825,630 | $1,142,652,959 | $80,137,273 | $35,398 |
| Lifestyle Blend Moderate Portfolio | ||||
| Investments in securities: | ||||
| Assets |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 23 |
| Total value at 2-29-24 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
| Lifestyle Blend Moderate Portfolio (continued) | ||||
| Affiliated investment companies | $183,482,955 | $183,482,955 | — | — |
| Unaffiliated investment companies | 171,731,000 | 171,731,000 | — | — |
| Common stocks | 6,780 | — | — | $6,780 |
| U.S. Government and Agency obligations | 27,427,888 | — | $27,427,888 | — |
| Short-term investments | 2,574,757 | 2,574,757 | — | — |
| Total investments in securities | $385,223,380 | $357,788,712 | $27,427,888 | $6,780 |
| Lifestyle Blend Conservative Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $135,219,718 | $135,219,718 | — | — |
| Unaffiliated investment companies | 140,402,205 | 140,402,205 | — | — |
| Common stocks | 2,408 | — | — | $2,408 |
| U.S. Government and Agency obligations | 25,640,099 | — | $25,640,099 | — |
| Short-term investments | 1,180 | 1,180 | — | — |
| Total investments in securities | $301,265,610 | $275,623,103 | $25,640,099 | $2,408 |
Level 3 includes securities valued
at $0. Refer to Portfolios’ investments.
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation,
such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are
recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously
recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or
principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying
assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in
response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or
interest payments because the borrower or issuer has defaulted on its obligation.
Security transactions and related
investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are
reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a
non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Dividend income
is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the
portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified
cost and may include proceeds from litigation. Return of capital distributions from underlying funds, if any, are treated as a reduction of cost.
Securities lending. The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned
securities. The portfolios may invest their cash collateral in JHCT, an affiliate of the portfolios, which has a floating NAV and is registered with the SEC as an investment company. JHCT is a prime money market fund
and invests in short-term money market investments. Each portfolio will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The portfolios have the right to
recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the portfolios for the lent securities. The lending agent uses the
collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement
securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on
securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the portfolios could experience a delay in recovering securities or could experience a lower than
expected return if the borrower fails to return the securities on a timely basis. During the existence of the loan, the portfolios will receive from the borrower amounts equivalent to any dividends, interest or other
distributions on the loaned securities, as well as interest on such amounts. The portfolios receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral
and compensation from fees earned from borrowers of the securities. Securities lending income received by the portfolios is net of fees retained by the securities lending agent. Net income received from JHCT is a
component of securities lending income as recorded on the Statements of operations.
| 24 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
Obligations to repay collateral
received by the portfolios are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of
securities loaned by the portfolios and the corresponding cash collateral received at February 29, 2024. In addition, non-cash collateral in the form of U.S. Treasuries was pledged, as indicated below. This non-cash
collateral cannot be sold or repledged by the portfolios, and accordingly, is not reflected in the portfolios’ net assets.
| Portfolio | Market value of securities on loan | Cash collateral received | Non-cash collateral |
| Lifestyle Blend Aggressive Portfolio | $6,498,199 | $6,635,950 | — |
| Lifestyle Blend Growth Portfolio | 14,462,694 | 14,781,750 | — |
| Lifestyle Blend Balanced Portfolio | 765 | 783 | — |
| Lifestyle Blend Moderate Portfolio | 2,665,750 | 2,623,000 | $101,724 |
Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of
securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is
reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar
value of securities denominated in that currency.
Portfolios that invest
internationally generally carry more risk than portfolios that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including
higher transaction costs), accounting standards and other factors.
Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of
securities. Pursuant to the portfolios’ custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any
overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any
overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1
billion unsecured committed line of credit. Excluding commitments designated for a certain fund and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of
$750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of
credit, is charged to each participating portfolio based on a combination of fixed and asset-based allocations and is reflected in Other expenses on the Statements of operations.
Commitment fees for the six months
ended February 29, 2024 were as follows:
| Portfolio | Commitment fee |
| Lifestyle Blend Aggressive Portfolio | $2,528 |
| Lifestyle Blend Growth Portfolio | 3,485 |
| Lifestyle Blend Balanced Portfolio | 3,559 |
| Lifestyle Blend Moderate Portfolio | 2,294 |
| Lifestyle Blend Conservative Portfolio | 2,196 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily
attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio’s relative
net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class.
Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense
rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal
income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as
of August 31, 2023, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of August 31,
2023:
| No Expiration Date | ||
| Portfolio | Short Term | Long Term |
| Lifestyle Blend Aggressive Portfolio | $936,235 | — |
| Lifestyle Blend Growth Portfolio | 2,354,990 | $4,387,755 |
| Lifestyle Blend Balanced Portfolio | 1,518,077 | 9,228,658 |
| Lifestyle Blend Moderate Portfolio | 125,610 | 2,869,501 |
| Lifestyle Blend Conservative Portfolio | 330,530 | 2,394,356 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 25 |
As of August 31, 2023, the
portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios’ federal tax returns are subject to examination by the Internal Revenue
Service for a period of three years.
For federal income tax purposes, the
costs of investments owned on February 29, 2024, including short-term investments, were as follows:
| Portfolio | Aggregate cost | Unrealized appreciation | Unrealized (depreciation) | Net unrealized appreciation/ (depreciation) |
| Lifestyle Blend Aggressive Portfolio | $505,144,440 | $39,714,396 | $(2,409,578) | $37,304,818 |
| Lifestyle Blend Growth Portfolio | 1,136,341,239 | 86,170,465 | (11,237,614) | 74,932,851 |
| Lifestyle Blend Balanced Portfolio | 1,174,031,488 | 70,372,479 | (21,578,337) | 48,794,142 |
| Lifestyle Blend Moderate Portfolio | 381,116,405 | 11,392,750 | (7,285,775) | 4,106,975 |
| Lifestyle Blend Conservative Portfolio | 307,014,743 | 9,451,397 | (15,200,530) | (5,749,133) |
Distribution of income and
gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. Lifestyle Blend Balanced Portfolio, Lifestyle Blend Moderate Portfolio
and Lifestyle Blend Conservative Portfolio generally declare and pay dividends from net investment income quarterly. All other portfolios generally declare and pay dividends from net investment income annually. All
portfolios generally declare and pay capital gain distributions, if any, annually.
Distributions paid by the portfolios
with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis,
are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios’ financial statements as
a return of capital. The final determination of tax characteristics of the portfolio’s distribution will occur at the end of the year and will subsequently be reported to shareholders. Short-term gains from
underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the
financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent
period. Book-tax differences are primarily attributable to wash sale loss deferrals.
Note 3—Guarantees and indemnifications
Under the Trust’s
organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course
of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future
claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4—Fees and transactions with affiliates
John Hancock Investment Management
LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios.
The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation (MFC).
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a
subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of MFC and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory
fees.
The management fee has two
components: (1) a fee on assets invested in a fund of the Trust or John Hancock Funds III (JHF III) (Assets in a fund of the Trust or JHF III); and (2) a fee on assets invested in investments other than a fund of the
Trust or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are
advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.
Management fees are determined in
accordance with the following schedule:
| First $7.5 billion of aggregate net assets | Excess over $7.5 billion of aggregate net assets | |
| Assets in a fund of the Trust or JHF III | 0.050% | 0.040% |
| Other assets | 0.500% | 0.490% |
Expense reimbursements. The Advisor has contractually agreed to reduce its management fee and/or make payment to each portfolio in an amount equal to the amount by which “Other expenses” of each
portfolio exceeds 0.05% of the average net assets of the portfolio. “Other expenses” means all of the expenses of the portfolio, excluding: management fees, taxes, brokerage commissions, interest expense,
litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio’s business, class specific expenses, underlying fund expenses (acquired fund fees),
and short dividend expense. This agreement expires on December 31, 2024, unless renewed by mutual agreement of the portfolios and the advisor based upon a determination that this is appropriate under the circumstances
at that time.
| 26 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
In addition, the Advisor has
voluntarily agreed to waive its advisory fee for each portfolio so that the aggregate advisory fee retained by the Advisor with respect to both the portfolio and its underlying investments after payment of subadvisory
fees does not exceed 0.50% of the portfolios’ first $7.5 billion of average net assets and 0.49% of the portfolios’ average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary
waiver at any time upon notice to the portfolios.
For the six months ended February
29, 2024, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:
| Expense reimbursement by class | ||||
| Portfolio | Class A | Class R6 | Class 1 | Total |
| Lifestyle Blend Aggressive Portfolio | $2,743 | $788 | $16,396 | $19,927 |
| Lifestyle Blend Growth Portfolio | 1,148 | 229 | 5,772 | 7,149 |
| Lifestyle Blend Balanced Portfolio | 3,659 | 312 | 11,682 | 15,653 |
| Lifestyle Blend Moderate Portfolio | 13,116 | 974 | 28,143 | 42,233 |
| Lifestyle Blend Conservative Portfolio | 14,924 | 951 | 30,426 | 46,301 |
Expenses waived or reimbursed in
the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees,
including the impact of the waivers and reimbursements as described above, incurred for the six months ended February 29, 2024, were equivalent to a net annual effective rate of the portfolios’ average
daily net assets as follows:
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and
recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class
based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended February 29, 2024, amounted to an annual rate of 0.02% of the
portfolios’ average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1
under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. The portfolios may pay up to the following contractual rates of distribution and service fees under
these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios’ shares:
| Class | Rule 12b-1 Fee |
| Class A | 0.30% |
| Class 1 | 0.05% |
Sales charges. Class A shares are assessed up-front sales charges of up to 5.00% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the
Distributor during the six months ended February 29, 2024:
| Lifestyle Blend Aggressive Portfolio | Lifestyle Blend Growth Portfolio | Lifestyle Blend Balanced Portfolio | Lifestyle Blend Moderate Portfolio | Lifestyle Blend Conservative Portfolio | |
| Total sales charges | $1,252 | $3,940 | $438 | $375 | $664 |
| Retained for printing prospectus, advertising and sales literature | 190 | 672 | 64 | 58 | 104 |
| Sales commission to unrelated broker-dealers | 1,062 | 3,268 | 374 | 317 | 560 |
Class A shares may be subject to
contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and redeemed within one year of purchase are subject to a 1.00%
sales charge. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the
Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended February 29, 2024, CDSCs received by the Distributor for Class A shares were as
follows:
| Portfolio | Class A |
| Lifestyle Blend Growth Portfolio | $6 |
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent
fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to
third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in
connection with
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 27 |
retirement and small accounts. Signature Services
Cost is calculated monthly and allocated, as applicable, to five categories of share classes: Retail Share and Institutional Share Classes of Non-Municipal Bond Funds, Class R6 Shares, Retirement Share Classes and
Municipal Bond Share Classes. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended February 29, 2024 were as follows:
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| Lifestyle Blend Aggressive Portfolio | Class A | $99,537 | $40,556 |
| Class R6 | — | 494 | |
| Class 1 | 102,379 | — | |
| Total | $201,916 | $41,050 | |
| Lifestyle Blend Growth Portfolio | Class A | $249,352 | $101,557 |
| Class R6 | — | 810 | |
| Class 1 | 226,207 | — | |
| Total | $475,559 | $102,367 | |
| Lifestyle Blend Balanced Portfolio | Class A | $375,463 | $152,955 |
| Class R6 | — | 559 | |
| Class 1 | 217,852 | — | |
| Total | $593,315 | $153,514 | |
| Lifestyle Blend Moderate Portfolio | Class A | $164,049 | $66,833 |
| Class R6 | — | 216 | |
| Class 1 | 60,032 | — | |
| Total | $224,081 | $67,049 | |
| Lifestyle Blend Conservative Portfolio | Class A | $139,132 | $56,686 |
| Class R6 | — | 152 | |
| Class 1 | 48,098 | — | |
| Total | $187,230 | $56,838 |
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based
on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5—Portfolio share transactions
Transactions in portfolios’
shares for the six months ended February 29, 2024 and for the year ended August 31, 2023 were as follows:
| Lifestyle Blend Aggressive Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 1,717,920 | $19,840,797 | 3,058,325 | $34,267,280 |
| Distributions reinvested | 92,138 | 1,106,504 | 516,573 | 5,315,539 |
| Repurchased | (1,016,818) | (11,761,896) | (1,793,310) | (20,121,992) |
| Net increase | 793,240 | $9,185,405 | 1,781,588 | $19,460,827 |
| Class R6 shares | ||||
| Sold | 428,886 | $4,914,334 | 408,252 | $4,506,483 |
| Distributions reinvested | 32,129 | 385,544 | 158,946 | 1,633,965 |
| Repurchased | (94,873) | (1,120,512) | (263,026) | (2,867,870) |
| Net increase | 366,142 | $4,179,366 | 304,172 | $3,272,578 |
| Class 1 shares | ||||
| Sold | 1,204,850 | $13,672,754 | 2,854,812 | $32,067,123 |
| Distributions reinvested | 672,278 | 8,060,613 | 4,566,348 | 46,896,397 |
| Repurchased | (2,574,799) | (29,911,133) | (4,559,536) | (50,796,693) |
| Net increase (decrease) | (697,671) | $(8,177,766) | 2,861,624 | $28,166,827 |
| Total net increase | 461,711 | $5,187,005 | 4,947,384 | $50,900,232 |
| 28 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| Lifestyle Blend Growth Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 4,772,484 | $53,517,556 | 8,797,792 | $96,550,300 |
| Distributions reinvested | 276,429 | 3,198,264 | 1,149,935 | 11,648,838 |
| Repurchased | (2,374,378) | (26,499,296) | (3,388,710) | (36,881,303) |
| Net increase | 2,674,535 | $30,216,524 | 6,559,017 | $71,317,835 |
| Class R6 shares | ||||
| Sold | 767,076 | $8,689,550 | 514,163 | $5,531,542 |
| Distributions reinvested | 59,157 | 685,039 | 263,378 | 2,668,019 |
| Repurchased | (132,668) | (1,525,429) | (313,334) | (3,377,318) |
| Net increase | 693,565 | $7,849,160 | 464,207 | $4,822,243 |
| Class 1 shares | ||||
| Sold | 3,575,312 | $38,988,846 | 4,374,960 | $47,922,509 |
| Distributions reinvested | 1,770,978 | 20,454,798 | 9,744,356 | 98,515,443 |
| Repurchased | (5,249,967) | (58,446,236) | (9,211,471) | (100,139,610) |
| Net increase | 96,323 | $997,408 | 4,907,845 | $46,298,342 |
| Total net increase | 3,464,423 | $39,063,092 | 11,931,069 | $122,438,420 |
| Lifestyle Blend Balanced Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 7,259,297 | $75,624,807 | 14,862,363 | $153,383,150 |
| Distributions reinvested | 445,603 | 4,744,984 | 1,539,079 | 14,987,629 |
| Repurchased | (3,575,028) | (37,096,135) | (5,716,880) | (58,816,397) |
| Net increase | 4,129,872 | $43,273,656 | 10,684,562 | $109,554,382 |
| Class R6 shares | ||||
| Sold | 471,702 | $4,962,095 | 543,367 | $5,518,878 |
| Distributions reinvested | 40,628 | 430,695 | 165,346 | 1,610,666 |
| Repurchased | (264,976) | (2,816,570) | (233,349) | (2,386,174) |
| Net increase | 247,354 | $2,576,220 | 475,364 | $4,743,370 |
| Class 1 shares | ||||
| Sold | 2,587,615 | $26,346,419 | 5,664,840 | $58,310,318 |
| Distributions reinvested | 1,693,259 | 17,934,379 | 8,523,999 | 82,881,884 |
| Repurchased | (5,849,729) | (60,709,853) | (9,311,827) | (96,171,715) |
| Net increase (decrease) | (1,568,855) | $(16,429,055) | 4,877,012 | $45,020,487 |
| Total net increase | 2,808,371 | $29,420,821 | 16,036,938 | $159,318,239 |
| Lifestyle Blend Moderate Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 3,019,112 | $30,316,896 | 7,019,249 | $69,961,193 |
| Distributions reinvested | 209,534 | 2,143,532 | 462,386 | 4,455,606 |
| Repurchased | (1,469,406) | (14,775,570) | (2,681,662) | (26,721,917) |
| Net increase | 1,759,240 | $17,684,858 | 4,799,973 | $47,694,882 |
| Class R6 shares | ||||
| Sold | 224,791 | $2,275,259 | 200,496 | $1,994,749 |
| Distributions reinvested | 17,492 | 178,384 | 37,075 | 357,524 |
| Repurchased | (89,215) | (909,409) | (53,138) | (528,081) |
| Net increase | 153,068 | $1,544,234 | 184,433 | $1,824,192 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 29 |
| Lifestyle Blend Moderate Portfolio , Cont’d | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class 1 shares | ||||
| Sold | 1,535,942 | $15,261,653 | 2,437,966 | $24,418,099 |
| Distributions reinvested | 504,546 | 5,144,960 | 1,612,704 | 15,526,684 |
| Repurchased | (1,861,362) | (18,829,679) | (4,366,463) | (43,429,354) |
| Net increase (decrease) | 179,126 | $1,576,934 | (315,793) | $(3,484,571) |
| Total net increase | 2,091,434 | $20,806,026 | 4,668,613 | $46,034,503 |
| Lifestyle Blend Conservative Portfolio | Six Months Ended 2-29-24 | Year Ended 8-31-23 | ||
| Shares | Amount | Shares | Amount | |
| Class A shares | ||||
| Sold | 1,994,338 | $19,209,792 | 6,225,239 | $59,447,725 |
| Distributions reinvested | 195,673 | 1,898,869 | 344,324 | 3,221,677 |
| Repurchased | (1,422,862) | (13,633,541) | (3,360,055) | (32,107,093) |
| Net increase | 767,149 | $7,475,120 | 3,209,508 | $30,562,309 |
| Class R6 shares | ||||
| Sold | 159,438 | $1,568,361 | 367,049 | $3,509,314 |
| Distributions reinvested | 13,309 | 128,562 | 19,702 | 184,977 |
| Repurchased | (169,378) | (1,579,964) | (44,938) | (432,774) |
| Net increase | 3,369 | $116,959 | 341,813 | $3,261,517 |
| Class 1 shares | ||||
| Sold | 1,417,766 | $13,573,293 | 2,714,081 | $25,891,175 |
| Distributions reinvested | 448,832 | 4,348,442 | 1,004,760 | 9,382,936 |
| Repurchased | (1,838,965) | (17,826,041) | (4,480,672) | (42,893,009) |
| Net increase (decrease) | 27,633 | $95,694 | (761,831) | $(7,618,898) |
| Total net increase | 798,151 | $7,687,773 | 2,789,490 | $26,204,928 |
Affiliates of the Trust owned 100%
of shares of Class 1 on February 29, 2024. Such concentration of shareholders’ capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.
Note 6—Purchase and sale of securities
Purchases and sales of securities,
other than short-term investments, amounted to the following for the six months ended February 29, 2024:
| Purchases | Sales | |||
| Portfolio | U.S. Government | Other issuers | U.S. Government | Other issuers |
| Lifestyle Blend Aggressive Portfolio | $5,900,585 | $42,274,766 | $1,396,753 | $42,551,930 |
| Lifestyle Blend Growth Portfolio | 14,617,692 | 197,276,348 | 9,949,527 | 168,764,964 |
| Lifestyle Blend Balanced Portfolio | 21,963,665 | 315,571,365 | 21,632,546 | 289,931,128 |
| Lifestyle Blend Moderate Portfolio | 8,337,213 | 149,417,092 | 7,189,758 | 131,143,160 |
| Lifestyle Blend Conservative Portfolio | 7,258,288 | 144,318,062 | 6,834,273 | 138,268,555 |
Note 7—Investment in affiliated underlying funds
Certain portfolios invest primarily
in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the
portfolios’ investment may represent a significant portion of each affiliated underlying funds’ net assets. At February 29, 2024, the following portfolios held 5% or more of the net assets of the
affiliated underlying funds shown below:
| Portfolio | Affiliated Fund | Percentage of underlying fund net assets |
| Lifestyle Blend Growth Portfolio | John Hancock Funds II U.S. Sector Rotation Fund | 7.9% |
| Lifestyle Blend Growth Portfolio | John Hancock Funds II International Strategic Equity Allocation Fund | 6.8% |
| Lifestyle Blend Balanced Portfolio | John Hancock Funds II U.S. Sector Rotation Fund | 6.1% |
| Lifestyle Blend Balanced Portfolio | John Hancock Funds II International Strategic Equity Allocation Fund | 5.2% |
Information regarding the
portfolios’ fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
| 30 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| Lifestyle Blend Aggressive Portfolio | |||||||||
| Bond | 141,539 | — | $1,900,251 | — | — | $(10,703) | $9,375 | — | $1,889,548 |
| Emerging Markets Debt | 375,445 | — | 2,819,244 | — | — | 15,362 | 8,618 | — | 2,834,606 |
| High Yield | 470,865 | — | 1,420,739 | — | — | (3,436) | — | — | 1,417,303 |
| International Strategic Equity Allocation | 14,539,019 | $128,710,365 | 9,911,947 | $(3,757,092) | $(226,164) | 5,662,480 | 4,357,644 | — | 140,301,536 |
| John Hancock Collateral Trust* | 664,189 | 2,786,926 | 30,309,292 | (26,454,389) | 1,604 | (1,280) | 7,617 | — | 6,642,153 |
| U.S. Sector Rotation | 15,141,508 | 152,847,748 | 3,105,924 | (10,957,509) | 277,102 | 17,952,193 | 2,039,759 | — | 163,225,458 |
| $52,542 | $23,614,616 | $6,423,013 | — | $316,310,604 | |||||
| Lifestyle Blend Growth Portfolio | |||||||||
| Bond | 3,763,041 | — | $50,507,969 | — | — | $(271,378) | $156,361 | — | $50,236,591 |
| Emerging Markets Debt | 4,010,024 | — | 30,126,759 | — | — | 148,919 | 81,735 | — | 30,275,678 |
| High Yield | 5,302,344 | — | 15,998,629 | — | — | (38,572) | — | — | 15,960,057 |
| International Strategic Equity Allocation | 25,421,814 | $222,573,729 | 17,061,400 | $(4,030,438) | $(222,620) | 9,938,434 | 7,582,821 | — | 245,320,505 |
| John Hancock Collateral Trust* | 1,478,440 | 5,062,904 | 208,641,669 | (198,924,717) | 7,358 | (2,225) | 82,976 | — | 14,784,989 |
| U.S. Sector Rotation | 27,193,444 | 267,427,081 | 9,678,676 | (16,603,431) | 372,602 | 32,270,398 | 3,602,000 | — | 293,145,326 |
| $157,340 | $42,045,576 | $11,505,893 | — | $649,723,146 | |||||
| Lifestyle Blend Balanced Portfolio | |||||||||
| Bond | 8,151,847 | — | $109,421,793 | — | — | $(594,631) | $341,104 | — | $108,827,162 |
| Emerging Markets Debt | 7,933,786 | — | 59,606,433 | — | — | 293,652 | 161,420 | — | 59,900,085 |
| High Yield | 11,834,435 | — | 35,708,471 | — | — | (86,822) | — | — | 35,621,649 |
| International Strategic Equity Allocation | 19,245,484 | $170,523,786 | 12,419,819 | $(4,755,455) | $(235,796) | 7,766,563 | 5,806,341 | — | 185,718,917 |
| John Hancock Collateral Trust* | 133 | 48,439,726 | 578,548,274 | (627,012,304) | 33,965 | (8,330) | 259,339 | — | 1,331 |
| U.S. Sector Rotation | 20,806,768 | 209,255,236 | 8,340,478 | (18,620,592) | 442,360 | 24,879,476 | 2,825,923 | — | 224,296,958 |
| $240,529 | $32,249,908 | $9,394,127 | — | $614,366,102 | |||||
| Lifestyle Blend Moderate Portfolio | |||||||||
| Bond | 4,378,929 | — | $58,778,116 | — | — | $(319,409) | $175,331 | — | $58,458,707 |
| Emerging Markets Debt | 3,480,310 | — | 26,147,073 | — | — | 129,267 | 71,063 | — | 26,276,340 |
| High Yield | 5,411,130 | — | 16,335,459 | $(8,280) | $(55) | (39,622) | — | — | 16,287,502 |
| International Strategic Equity Allocation | 3,879,960 | $34,178,342 | 4,152,731 | (2,482,959) | (138,203) | 1,731,706 | 1,177,230 | — | 37,441,617 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 31 |
| Dividends and distributions | |||||||||
| Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
| John Hancock Collateral Trust* | 257,465 | $25,304,179 | $246,193,839 | $(268,940,508) | $22,058 | $(4,811) | $130,440 | — | $2,574,757 |
| U.S. Sector Rotation | 4,176,140 | 41,042,574 | 3,457,548 | (4,660,849) | 109,205 | 5,070,311 | 568,478 | — | 45,018,789 |
| $(6,995) | $6,567,442 | $2,122,542 | — | $186,057,712 | |||||
| Lifestyle Blend Conservative Portfolio | |||||||||
| Bond | 4,806,210 | — | $64,629,217 | $(110,414) | $(490) | $(355,410) | $191,709 | — | $64,162,903 |
| Emerging Markets Debt | 3,605,061 | — | 27,167,896 | (86,343) | 115 | 136,545 | 74,590 | — | 27,218,213 |
| High Yield | 5,619,939 | — | 16,991,958 | (34,165) | (113) | (41,664) | — | — | 16,916,016 |
| International Strategic Equity Allocation | 1,290,252 | $12,029,551 | 1,596,335 | (1,694,798) | (100,028) | 619,873 | 406,953 | — | 12,450,933 |
| John Hancock Collateral Trust* | 118 | 19,978,782 | 447,505,905 | (467,488,658) | 7,962 | (2,811) | 183,266 | — | 1,180 |
| U.S. Sector Rotation | 1,342,454 | 13,933,322 | 1,219,905 | (2,355,140) | 46,497 | 1,627,069 | 189,508 | — | 14,471,653 |
| $(46,057) | $1,983,602 | $1,046,026 | — | $135,220,898 | |||||
| * | Refer to the Securities lending note within Note 2 for details regarding this investment. |
| 32 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEMIANNUAL REPORT |
More information
π Member of the Audit Committee as of September 26, 2023.
† Non-Independent Trustee
* Member of the Audit Committee
# Effective June 29, 2023.
The portfolios’ proxy voting
policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov
or on our website.
All of the portfolios’
holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The portfolios’ Form N-PORT
filings are available on our website and the SEC’s website, sec.gov.
We make this information on your
portfolio, as well as monthly portfolio holdings, and other portfolio details available on our website at jhinvestments.com or by calling 800-225-5291.
| You can also contact us: | ||
| 800-225-5291 | Regular mail: | Express mail: |
| jhinvestments.com | John Hancock Signature Services, Inc. P.O. Box 219909 Kansas City, MO 64121-9909 | John Hancock Signature Services, Inc. 430 W 7th Street Suite 219909 Kansas City, MO 64105-1407 |
| SEMIANNUAL REPORT | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | 33 |
John Hancock family of funds
A fund’s investment
objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the fund. To obtain a prospectus, contact your financial
professional, call John Hancock Investment Management at 800-225-5291, or visit our website at jhinvestments.com. Please read the prospectus carefully before investing or sending money.
John Hancock ETF shares are bought
and sold at market price (not NAV), and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
John Hancock ETFs are distributed by
Foreside Fund Services, LLC, and are subadvised by Manulife Investment Management (US) LLC or Dimensional Fund Advisors LP. Foreside is not affiliated with John Hancock Investment Management Distributors LLC, Manulife
Investment Management (US) LLC or Dimensional Fund Advisors LP.
Dimensional Fund Advisors LP
receives compensation from John Hancock in connection with licensing rights to the John Hancock Dimensional indexes. Dimensional Fund Advisors LP does not sponsor, endorse, or sell, and makes no representation as to
the advisability of investing in, John Hancock Multifactor ETFs.
