JOHN HANCOCK INVESTMENT TRUST

NPORT-EX 1 d742761dnportex.htm JOHN HANCOCK INVESTMENT TRUST JOHN HANCOCK INVESTMENT TRUST

John Hancock

Balanced Fund

Quarterly portfolio holdings 7/31/19

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Fund’s investments

As of 7-31-19 (unaudited)


	Shares		Value
Common stocks 60.6%			$	1,209,636,413
(Cost $780,886,740)
Communication services 8.7%				174,473,558

Diversified telecommunication services 1.8%
Verizon Communications, Inc.		657,005		36,312,666
Interactive media and services 4.8%
Alphabet, Inc., Class A (A)		53,208		64,817,982
Alphabet, Inc., Class C (A)		2,024		2,462,560
Facebook, Inc., Class A (A)		143,018		27,778,386
Media 2.1%
Comcast Corp., Class A		998,424		43,101,964
Consumer discretionary 6.6%				130,680,821

Internet and direct marketing retail 3.1%
Amazon.com, Inc. (A)		33,381		62,314,983
Leisure products 0.6%
Hasbro, Inc.		93,446		11,321,917
Multiline retail 1.0%
Dollar General Corp.		154,563		20,714,533
Specialty retail 1.1%
Lowe’s Companies, Inc.		207,126		21,002,576
Textiles, apparel and luxury goods 0.8%
Carter’s, Inc.		164,769		15,326,812
Consumer staples 4.5%				90,551,921

Beverages 0.8%
Anheuser-Busch InBev SA		169,956		17,086,796
Food and staples retailing 1.9%
Walmart, Inc.		344,539		38,030,215
Household products 1.3%
The Procter & Gamble Company		218,748		25,821,014
Tobacco 0.5%
Philip Morris International, Inc.		114,985		9,613,896
Energy 3.5%				70,261,053

Energy equipment and services 0.3%
Schlumberger, Ltd.		137,668		5,502,590
Oil, gas and consumable fuels 3.2%
ConocoPhillips		313,485		18,520,694
Devon Energy Corp.		407,277		10,996,479
Royal Dutch Shell PLC, A Shares		376,189		11,848,249
Suncor Energy, Inc.		328,917		9,439,918
Valero Energy Corp.		163,673		13,953,123
Financials 9.9%				198,111,613

Banks 4.6%
Citizens Financial Group, Inc.		626,671		23,349,761
JPMorgan Chase & Co.		436,795		50,668,220
KeyCorp		558,945		10,267,820
SVB Financial Group (A)		32,332		7,500,054
Capital markets 1.4%
BlackRock, Inc.		26,497		12,392,117
The Goldman Sachs Group, Inc.		72,788		16,022,822


2 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Shares		Value
Financials (continued)
Consumer finance 1.3%
Discover Financial Services		288,587	$	25,897,797
Diversified financial services 2.1%
Berkshire Hathaway, Inc., Class B (A)		208,501		42,832,360
Insurance 0.5%
Lincoln National Corp.		140,506		9,180,662
Health care 10.6%				211,958,226

Biotechnology 1.3%
Alexion Pharmaceuticals, Inc. (A)		97,829		11,083,047
Incyte Corp. (A)		104,908		8,908,787
Sage Therapeutics, Inc. (A)		36,085		5,785,869
Health care equipment and supplies 3.1%
Abbott Laboratories		141,626		12,335,625
Danaher Corp.		163,579		22,982,850
Stryker Corp.		125,319		26,289,420
Health care providers and services 2.3%
HCA Healthcare, Inc.		74,462		9,941,422
UnitedHealth Group, Inc.		143,918		35,837,021
Life sciences tools and services 0.5%
Thermo Fisher Scientific, Inc.		36,179		10,046,185
Pharmaceuticals 3.4%
AstraZeneca PLC		203,650		17,594,098
Eli Lilly & Company		238,917		26,030,007
Merck & Company, Inc.		302,734		25,123,895
Industrials 3.9%				78,346,298

Aerospace and defense 1.3%
The Boeing Company		74,756		25,505,252
Airlines 0.6%
Southwest Airlines Company		231,665		11,937,697
Industrial conglomerates 1.5%
General Electric Company		937,381		9,795,631
Honeywell International, Inc.		123,233		21,252,763
Machinery 0.5%
Xylem, Inc.		122,742		9,854,955
Information technology 10.8%				214,692,563

Communications equipment 1.5%
Cisco Systems, Inc.		532,275		29,488,035
Electronic equipment, instruments and components 0.5%
TE Connectivity, Ltd.		112,314		10,377,814
IT services 0.7%
PayPal Holdings, Inc. (A)		133,865		14,778,696
Semiconductors and semiconductor equipment 1.5%
Broadcom, Inc.		100,589		29,169,804
Software 3.9%
CDK Global, Inc.		91,763		4,759,747
Microsoft Corp.		463,630		63,178,860
SAP SE, ADR		74,256		9,135,716
Technology hardware, storage and peripherals 2.7%
Apple, Inc.		252,553		53,803,891


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 3


	Shares		Value
Materials 0.8%			$	15,674,074

Metals and mining 0.8%
Franco-Nevada Corp.		82,711		7,188,174
Lundin Mining Corp.		628,696		3,043,921
Teck Resources, Ltd., Class B		266,012		5,441,979
Real estate 1.3%				24,886,286

Equity real estate investment trusts 1.3%
American Tower Corp.		54,557		11,545,352
Digital Realty Trust, Inc.		80,863		9,247,493
Simon Property Group, Inc.		25,237		4,093,441
Preferred securities 0.1%			$	1,568,555
(Cost $1,513,631)
Financials 0.1%				914,821

Banks 0.1%
GMAC Capital Trust I (3 month LIBOR + 5.785%), 8.303% (B)		26,792		706,237
Wells Fargo & Company, Series L, 7.500%		150		208,584
Utilities 0.0%				653,734

Multi-utilities 0.0%
Dominion Energy, Inc., 7.250%		961		96,571
DTE Energy Company, 6.500%		9,985		557,163


	Rate (%)		Maturity date		Par value^		Value
U.S. Government and Agency obligations 16.6%							$	331,998,249
(Cost $324,378,249)
U.S. Government 7.5%								149,372,759

U.S. Treasury
Bond		2.750		11-15-42		11,880,000		12,450,797
Bond		3.000		02-15-47		18,908,000		20,714,600
Bond		3.000		02-15-49		30,677,000		33,640,446
Note		1.750		07-31-24		35,844,000		35,705,384
Note		2.375		05-15-29		45,426,000		46,861,532
U.S. Government Agency 9.1%								182,625,490

Federal Home Loan Mortgage Corp.
15 Yr Pass Thru		3.000		10-01-31		6,229,888		6,386,671
30 Yr Pass Thru		3.000		03-01-43		767,388		787,755
30 Yr Pass Thru		3.000		12-01-45		4,319,316		4,411,012
30 Yr Pass Thru		3.000		10-01-46		12,091,091		12,340,221
30 Yr Pass Thru		3.000		10-01-46		4,988,557		5,081,990
30 Yr Pass Thru		3.000		12-01-46		3,959,926		4,030,381
30 Yr Pass Thru		3.000		12-01-46		3,040,472		3,105,019
30 Yr Pass Thru		3.000		04-01-47		6,720,659		6,823,368
30 Yr Pass Thru		3.500		10-01-46		5,249,422		5,477,525
30 Yr Pass Thru		3.500		12-01-46		2,908,105		3,024,474
30 Yr Pass Thru		3.500		11-01-47		398,899		411,371
30 Yr Pass Thru		3.500		11-01-48		1,987,054		2,069,050
30 Yr Pass Thru		3.500		06-01-49		4,163,449		4,290,935
30 Yr Pass Thru		4.000		11-01-47		1,715,539		1,790,171
30 Yr Pass Thru		4.000		08-01-48		2,144,612		2,256,005
30 Yr Pass Thru		4.000		12-01-48		12,413,962		12,950,138
30 Yr Pass Thru		4.500		03-01-41		1,653,265		1,787,199
30 Yr Pass Thru		5.500		11-01-39		986,554		1,105,447
Federal National Mortgage Association


4 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
U.S. Government Agency (continued)
15 Yr Pass Thru		3.000		07-01-27		430,521	$	439,355
15 Yr Pass Thru		3.500		06-01-34		312,102		323,964
30 Yr Pass Thru		3.000		02-01-43		518,721		529,728
30 Yr Pass Thru		3.000		03-01-43		189,517		194,427
30 Yr Pass Thru		3.000		05-01-43		295,549		303,298
30 Yr Pass Thru		3.000		02-01-47		3,143,413		3,208,152
30 Yr Pass Thru		3.000		10-01-47		6,883,079		7,007,628
30 Yr Pass Thru		3.500		06-01-42		4,077,854		4,252,418
30 Yr Pass Thru		3.500		06-01-43		7,124,474		7,429,458
30 Yr Pass Thru		3.500		12-01-44		5,865,530		6,100,124
30 Yr Pass Thru		3.500		12-01-44		1,653,617		1,719,754
30 Yr Pass Thru		3.500		04-01-45		1,428,381		1,486,848
30 Yr Pass Thru		3.500		04-01-45		573,540		597,016
30 Yr Pass Thru		3.500		07-01-47		11,720,506		12,207,585
30 Yr Pass Thru		3.500		12-01-47		2,224,544		2,304,478
30 Yr Pass Thru		3.500		07-01-49		3,895,000		4,013,049
30 Yr Pass Thru		4.000		01-01-41		1,904,485		2,018,242
30 Yr Pass Thru		4.000		09-01-41		1,213,575		1,286,442
30 Yr Pass Thru		4.000		10-01-41		7,328,534		7,766,274
30 Yr Pass Thru		4.000		01-01-47		9,055,897		9,490,974
30 Yr Pass Thru		4.000		04-01-48		1,551,226		1,636,126
30 Yr Pass Thru		4.000		07-01-48		3,155,824		3,287,126
30 Yr Pass Thru		4.000		10-01-48		1,765,906		1,859,934
30 Yr Pass Thru		4.500		11-01-39		2,447,165		2,636,910
30 Yr Pass Thru		4.500		09-01-40		1,270,914		1,369,456
30 Yr Pass Thru		4.500		05-01-41		772,095		831,960
30 Yr Pass Thru		4.500		07-01-41		2,425,129		2,610,891
30 Yr Pass Thru		4.500		01-01-43		966,743		1,040,191
30 Yr Pass Thru		4.500		04-01-48		7,357,421		7,852,016
30 Yr Pass Thru		4.500		07-01-48		5,868,097		6,207,561
30 Yr Pass Thru		5.000		04-01-41		1,543,672		1,678,040
30 Yr Pass Thru		5.500		11-01-39		565,482		622,949
30 Yr Pass Thru		6.500		01-01-39		156,134		179,635
30 Yr Pass Thru		7.000		06-01-32		801		925
30 Yr Pass Thru		7.500		04-01-31		1,796		2,075
30 Yr Pass Thru		8.000		01-01-31		1,515		1,749
Foreign government obligations 0.2%							$	4,208,825
(Cost $4,227,310)
Argentina 0.0%								1,109,183

Provincia de Buenos Aires
Bond (C)		7.875		06-15-27		750,000		556,883
Republic of Argentina
Bond		5.875		01-11-28		700,000		552,300
Qatar 0.1%								1,704,453

State of Qatar
Bond (C)		3.375		03-14-24		951,000		989,040
Bond (C)		5.103		04-23-48		595,000		715,413
Saudi Arabia 0.1%								1,395,189

Kingdom of Saudi Arabia
Bond (C)		4.375		04-16-29		1,265,000		1,395,189


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 5


	Rate (%)		Maturity date		Par value^		Value
Corporate bonds 15.5%							$	308,541,536
(Cost $298,234,496)
Communication services 1.8%								36,791,596

Diversified telecommunication services 0.6%
AT&T, Inc.		3.400		05-15-25		1,360,000		1,398,884
AT&T, Inc.		3.800		02-15-27		621,000		647,390
C&W Senior Financing DAC (C)		6.875		09-15-27		550,000		575,465
Cincinnati Bell, Inc. (C)		7.000		07-15-24		860,000		735,300
GCI LLC (C)		6.625		06-15-24		320,000		340,800
GCI LLC		6.875		04-15-25		570,000		599,213
Liquid Telecommunications Financing PLC (C)		8.500		07-13-22		495,000		497,823
Radiate Holdco LLC (C)		6.625		02-15-25		630,000		622,125
Radiate Holdco LLC (C)		6.875		02-15-23		215,000		218,225
Sprint Spectrum Company LLC (C)		3.360		03-20-23		345,938		347,494
Telecom Argentina SA (C)		6.500		06-15-21		430,000		427,850
Telecom Argentina SA (C)		8.000		07-18-26		462,000		468,064
Telecom Italia Capital SA		7.200		07-18-36		835,000		931,025
Telecom Italia SpA (C)		5.303		05-30-24		600,000		633,750
UPCB Finance IV, Ltd. (C)		5.375		01-15-25		525,000		538,125
Verizon Communications, Inc.		4.400		11-01-34		630,000		699,990
Verizon Communications, Inc.		4.672		03-15-55		637,000		719,677
Verizon Communications, Inc.		4.862		08-21-46		1,735,000		2,021,008
Entertainment 0.2%
Activision Blizzard, Inc.		3.400		09-15-26		415,000		427,441
Lions Gate Capital Holdings LLC (C)		5.875		11-01-24		318,000		331,515
Netflix, Inc.		4.875		04-15-28		675,000		697,359
Netflix, Inc. (C)		5.375		11-15-29		230,000		242,075
Netflix, Inc.		5.875		11-15-28		935,000		1,024,994
Viacom, Inc. (6.250% to 2-28-27, then 3 month LIBOR + 3.899%)		6.250		02-28-57		600,000		634,176
Media 0.8%
Altice Financing SA (C)		6.625		02-15-23		325,000		335,156
Cablevision Systems Corp.		5.875		09-15-22		525,000		557,813
CBS Corp.		3.375		03-01-22		326,000		332,934
CBS Corp.		3.700		08-15-24		585,000		607,332
Cengage Learning, Inc. (C)		9.500		06-15-24		785,000		737,900
Charter Communications Operating LLC		4.200		03-15-28		1,323,000		1,370,037
Charter Communications Operating LLC		5.750		04-01-48		1,465,000		1,597,733
Charter Communications Operating LLC		6.484		10-23-45		1,390,000		1,634,691
Clear Channel Worldwide Holdings, Inc.		6.500		11-15-22		621,000		634,041
CSC Holdings LLC (C)		5.375		02-01-28		360,000		375,300
CSC Holdings LLC (C)		5.500		04-15-27		360,000		377,100
CSC Holdings LLC (C)		5.750		01-15-30		450,000		457,875
CSC Holdings LLC (C)		7.500		04-01-28		520,000		572,650
Diamond Sports Group LLC (C)		6.625		08-15-27		355,000		363,875
McGraw-Hill Global Education Holdings LLC (C)		7.875		05-15-24		455,000		408,363
MDC Partners, Inc. (C)		6.500		05-01-24		1,026,000		925,965
Myriad International Holdings BV (C)		4.850		07-06-27		250,000		269,382
Myriad International Holdings BV (C)		5.500		07-21-25		915,000		1,011,863
National CineMedia LLC		6.000		04-15-22		240,000		241,800
Sirius XM Radio, Inc. (C)		5.000		08-01-27		1,216,000		1,254,000
Sirius XM Radio, Inc. (C)		5.375		07-15-26		700,000		731,500
Tribune Media Company		5.875		07-15-22		650,000		660,725
WMG Acquisition Corp. (C)		4.875		11-01-24		360,000		369,900
WMG Acquisition Corp. (C)		5.500		04-15-26		420,000		434,700


6 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Communication services (continued)
Wireless telecommunication services 0.2%
CC Holdings GS V LLC		3.849		04-15-23		695,000	$	724,306
Comunicaciones Celulares SA (C)		6.875		02-06-24		285,000		294,975
Millicom International Cellular SA (C)		5.125		01-15-28		200,000		204,750
MTN Mauritius Investments, Ltd. (C)		4.755		11-11-24		630,000		636,926
Oztel Holdings SPC, Ltd. (C)		6.625		04-24-28		570,000		585,067
Sprint Corp.		7.875		09-15-23		660,000		733,425
Telefonica Celular del Paraguay SA (C)		5.875		04-15-27		297,000		313,062
Vodafone Group PLC (7.000% to 1-4-29, then 5 Year U.S. Swap Rate + 4.873%)		7.000		04-04-79		1,147,000		1,256,682
Consumer discretionary 1.2%								24,586,094

Auto components 0.0%
Lear Corp.		5.250		01-15-25		560,000		580,528
Automobiles 0.5%
Daimler Finance North America LLC (C)		3.750		11-05-21		1,105,000		1,132,906
Ford Motor Credit Company LLC		3.336		03-18-21		610,000		613,210
Ford Motor Credit Company LLC		3.813		10-12-21		1,450,000		1,469,685
Ford Motor Credit Company LLC		5.875		08-02-21		1,730,000		1,819,451
General Motors Company		4.875		10-02-23		1,130,000		1,203,632
General Motors Financial Company, Inc.		3.550		04-09-21		720,000		730,188
General Motors Financial Company, Inc.		4.000		01-15-25		990,000		1,008,272
General Motors Financial Company, Inc.		4.300		07-13-25		800,000		824,443
JB Poindexter & Company, Inc. (C)		7.125		04-15-26		175,000		178,500
Nissan Motor Acceptance Corp. (C)		3.650		09-21-21		510,000		520,537
Diversified consumer services 0.0%
GEMS MENASA Cayman, Ltd. (C)		7.125		07-31-26		280,000		285,950
Laureate Education, Inc. (C)		8.250		05-01-25		330,000		358,875
Hotels, restaurants and leisure 0.2%
CCM Merger, Inc. (C)		6.000		03-15-22		445,000		456,125
Eldorado Resorts, Inc.		6.000		09-15-26		310,000		334,800
Eldorado Resorts, Inc.		7.000		08-01-23		265,000		276,925
GLP Capital LP		5.375		04-15-26		586,000		637,638
Hilton Domestic Operating Company, Inc.		5.125		05-01-26		335,000		348,018
Hilton Grand Vacations Borrower LLC		6.125		12-01-24		340,000		364,650
International Game Technology PLC (C)		6.500		02-15-25		570,000		624,150
Jacobs Entertainment, Inc. (C)		7.875		02-01-24		388,000		412,250
Resorts World Las Vegas LLC (C)		4.625		04-16-29		700,000		732,747
Twin River Worldwide Holdings, Inc. (C)		6.750		06-01-27		432,000		450,360
Wyndham Destinations, Inc.		5.400		04-01-24		406,000		427,315
Internet and direct marketing retail 0.4%
Amazon.com, Inc.		3.150		08-22-27		1,510,000		1,586,291
Amazon.com, Inc.		4.050		08-22-47		850,000		965,905
Expedia Group, Inc.		3.800		02-15-28		1,305,000		1,339,477
Expedia Group, Inc.		5.000		02-15-26		1,240,000		1,363,143
GrubHub Holdings, Inc. (C)		5.500		07-01-27		50,000		51,313
QVC, Inc.		4.375		03-15-23		565,000		580,089
QVC, Inc.		5.125		07-02-22		580,000		607,820
QVC, Inc.		5.450		08-15-34		630,000		619,229
Multiline retail 0.1%
Dollar Tree, Inc.		4.200		05-15-28		1,615,000		1,681,672


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 7


	Rate (%)		Maturity date		Par value^		Value
Consumer staples 0.3%							$	6,342,110

Beverages 0.1%
Anheuser-Busch InBev Worldwide, Inc.		4.600		04-15-48		770,000		847,210
Constellation Brands, Inc.		3.200		02-15-23		685,000		699,400
Keurig Dr Pepper, Inc.		3.551		05-25-21		1,225,000		1,247,893
Food and staples retailing 0.0%
Alimentation Couche-Tard, Inc. (C)		2.700		07-26-22		605,000		605,256
Simmons Foods, Inc. (C)		5.750		11-01-24		410,000		375,150
Food products 0.1%
Conagra Brands, Inc.		3.800		10-22-21		506,000		519,905
Kraft Heinz Foods Company (C)		4.875		02-15-25		525,000		541,724
Post Holdings, Inc. (C)		5.500		12-15-29		334,000		337,758
Personal products 0.1%
Natura Cosmeticos SA (C)		5.375		02-01-23		840,000		876,758
Walnut Bidco PLC (C)		9.125		08-01-24		285,000		291,056
Energy 2.1%								41,118,830

Energy equipment and services 0.2%
Archrock Partners LP		6.000		10-01-22		650,000		658,938
CSI Compressco LP		7.250		08-15-22		842,000		757,800
CSI Compressco LP (C)		7.500		04-01-25		728,000		724,360
Inkia Energy, Ltd. (C)		5.875		11-09-27		220,000		229,020
Tervita Corp. (C)		7.625		12-01-21		505,000		515,100
Oil, gas and consumable fuels 1.9%
Andeavor Logistics LP		4.250		12-01-27		380,000		397,854
Andeavor Logistics LP		5.250		01-15-25		300,000		317,294
Andeavor Logistics LP		6.375		05-01-24		560,000		586,600
Antero Midstream Partners LP		5.375		09-15-24		610,000		587,125
Cheniere Corpus Christi Holdings LLC		5.125		06-30-27		1,267,000		1,379,320
Chesapeake Energy Corp.		7.500		10-01-26		418,000		328,130
Cimarex Energy Company		4.375		06-01-24		540,000		569,386
Colorado Interstate Gas Company LLC (C)		4.150		08-15-26		487,000		505,150
Columbia Pipeline Group, Inc.		4.500		06-01-25		476,000		511,299
Continental Resources, Inc.		5.000		09-15-22		1,409,000		1,423,464
DCP Midstream LP (7.375% to 12-15-22, then 3 month LIBOR + 5.148%) (D)		7.375		12-15-22		1,158,000		1,140,005
DCP Midstream Operating LP		5.125		05-15-29		255,000		262,650
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (C)		5.850		05-21-43		1,085,000		1,019,900
Diamondback Energy, Inc. (C)		4.750		11-01-24		440,000		451,968
Enable Midstream Partners LP		3.900		05-15-24		813,000		831,819
Enable Midstream Partners LP		4.950		05-15-28		990,000		1,025,798
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%)		5.500		07-15-77		850,000		843,094
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%)		6.250		03-01-78		750,000		780,533
Energy Transfer Operating LP		4.200		04-15-27		329,000		342,941
Energy Transfer Operating LP		4.250		03-15-23		1,070,000		1,116,242
Energy Transfer Operating LP		5.150		03-15-45		665,000		688,288
Energy Transfer Operating LP		5.875		01-15-24		460,000		510,661
Energy Transfer Partners LP		5.875		03-01-22		230,000		246,062
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%)		5.250		08-16-77		1,376,000		1,358,057
Husky Energy, Inc.		3.950		04-15-22		742,000		766,995
Kinder Morgan Energy Partners LP		7.750		03-15-32		525,000		710,271
Kinder Morgan, Inc.		3.150		01-15-23		440,000		447,735
MPLX LP		4.000		03-15-28		770,000		795,510
MPLX LP		4.800		02-15-29		415,000		453,558


8 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Energy (continued)
Oil, gas and consumable fuels (continued)
MPLX LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (D)		6.875		02-15-23		1,942,000	$	1,942,000
Murphy Oil Corp.		5.750		08-15-25		419,000		429,475
Newfield Exploration Company		5.625		07-01-24		685,000		755,667
ONEOK Partners LP		5.000		09-15-23		375,000		404,538
Parsley Energy LLC (C)		5.625		10-15-27		575,000		593,688
Petrobras Global Finance BV		5.750		02-01-29		404,000		434,502
Petrobras Global Finance BV		6.900		03-19-49		450,000		505,733
Petrobras Global Finance BV		7.375		01-17-27		1,270,000		1,503,248
Petroleos Mexicanos		4.875		01-24-22		710,000		717,100
Petroleos Mexicanos		5.375		03-13-22		260,000		264,810
Sabine Pass Liquefaction LLC		4.200		03-15-28		611,000		638,784
Sabine Pass Liquefaction LLC		5.000		03-15-27		570,000		621,461
Sabine Pass Liquefaction LLC		5.750		05-15-24		590,000		654,855
Sabine Pass Liquefaction LLC		5.875		06-30-26		350,000		398,439
SM Energy Company		6.625		01-15-27		140,000		121,975
Sunoco Logistics Partners Operations LP		3.900		07-15-26		960,000		983,802
Sunoco Logistics Partners Operations LP		5.400		10-01-47		580,000		616,777
Tallgrass Energy Partners LP (C)		4.750		10-01-23		557,000		563,277
Targa Resources Partners LP		5.875		04-15-26		540,000		570,213
Teekay Offshore Partners LP (C)		8.500		07-15-23		545,000		542,286
The Williams Companies, Inc.		3.700		01-15-23		660,000		681,753
The Williams Companies, Inc.		3.750		06-15-27		945,000		973,323
The Williams Companies, Inc.		4.550		06-24-24		1,210,000		1,297,876
The Williams Companies, Inc.		5.750		06-24-44		720,000		836,848
WPX Energy, Inc.		5.250		09-15-24		220,000		221,100
YPF SA (C)		8.500		07-28-25		565,000		562,373
Financials 4.6%								90,878,955

Banks 2.6%
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year U.S. ISDAFIX + 5.168%) (C)(D)		6.750		06-15-26		330,000		363,825
Banco Santander SA		4.379		04-12-28		800,000		854,965
Bank of America Corp.		3.950		04-21-25		990,000		1,037,607
Bank of America Corp.		4.200		08-26-24		365,000		387,680
Bank of America Corp.		4.450		03-03-26		1,110,000		1,193,296
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (D)		6.300		03-10-26		1,440,000		1,612,800
Barclays Bank PLC (C)		10.179		06-12-21		345,000		388,645
Barclays PLC		4.375		01-12-26		670,000		693,961
Barclays PLC (7.750% to 9-15-23, then 5 Year U.S. Swap Rate + 4.842%) (D)		7.750		09-15-23		670,000		682,563
BPCE SA (C)		4.500		03-15-25		730,000		768,016
BPCE SA (C)		5.700		10-22-23		900,000		985,990
Citigroup, Inc.		2.350		08-02-21		1,135,000		1,134,509
Citigroup, Inc.		4.600		03-09-26		1,357,000		1,465,188
Citigroup, Inc.		5.500		09-13-25		410,000		462,016
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (D)		6.250		08-15-26		1,080,000		1,205,550
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (C)(D)		7.875		01-23-24		605,000		667,386
Danske Bank A/S (C)		5.000		01-12-22		695,000		728,190
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (D)		5.100		06-30-23		665,000		658,988
Freedom Mortgage Corp. (C)		8.125		11-15-24		630,000		548,100
Freedom Mortgage Corp. (C)		8.250		04-15-25		250,000		218,125
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%)		3.950		05-18-24		1,210,000		1,260,248
HSBC Holdings PLC (6.375% to 9-17-24, then 5 Year U.S. ISDAFIX + 3.705%) (D)		6.375		09-17-24		255,000		265,103


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 9


	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Banks (continued)
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year U.S. ISDAFIX + 5.514%) (D)		6.875		06-01-21		775,000	$	808,325
Huntington Bancshares, Inc.		2.625		08-06-24		1,280,000		1,278,531
ING Bank NV (C)		5.800		09-25-23		895,000		988,567
ING Groep NV		3.550		04-09-24		717,000		742,581
ING Groep NV (6.500% to 4-16-25, then 5 Year U.S. Swap Rate + 4.446%) (D)		6.500		04-16-25		210,000		219,345
JPMorgan Chase & Co.		2.400		06-07-21		1,255,000		1,256,546
JPMorgan Chase & Co.		3.200		06-15-26		985,000		1,014,094
JPMorgan Chase & Co. (3.514% to 6-18-21, then 3 month LIBOR + 0.610%)		3.514		06-18-22		1,750,000		1,783,557
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (D)		6.750		02-01-24		1,065,000		1,181,293
Lloyds Banking Group PLC		4.450		05-08-25		1,800,000		1,906,602
Lloyds Banking Group PLC (6.750% to 6-27-26, then 5 Year CMT + 4.815%) (D)		6.750		06-27-26		256,000		263,040
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (D)		7.500		06-27-24		750,000		786,113
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (D)		5.125		11-01-26		765,000		791,775
Manufacturers & Traders Trust Company (3 month LIBOR + 0.640%) (B)		3.160		12-01-21		490,000		489,368
Mitsubishi UFJ Financial Group, Inc.		3.218		03-07-22		1,720,000		1,749,923
PNC Bank NA		2.450		07-28-22		1,410,000		1,419,327
Regions Financial Corp.		2.750		08-14-22		1,300,000		1,308,766
Santander Holdings USA, Inc.		3.400		01-18-23		640,000		650,044
Santander Holdings USA, Inc.		3.500		06-07-24		1,332,000		1,351,035
Santander Holdings USA, Inc.		3.700		03-28-22		1,125,000		1,150,006
Santander Holdings USA, Inc.		4.450		12-03-21		812,000		841,728
Santander UK Group Holdings PLC (C)		4.750		09-15-25		700,000		724,662
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) (C)(D)		7.375		09-13-21		700,000		728,875
SunTrust Bank		2.450		08-01-22		1,125,000		1,126,265
The PNC Financial Services Group, Inc.		3.500		01-23-24		588,000		615,450
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (D)		4.850		06-01-23		615,000		623,893
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (D)		6.750		08-01-21		1,435,000		1,532,365
The Royal Bank of Scotland Group PLC		3.875		09-12-23		1,125,000		1,146,121
The Royal Bank of Scotland Group PLC (8.625% to 8-15-21, then 5 Year U.S. Swap Rate + 7.598%) (D)		8.625		08-15-21		1,561,000		1,660,514
The Toronto-Dominion Bank		3.250		03-11-24		935,000		968,292
Wells Fargo & Company (3 month LIBOR + 3.770%) (B)(D)		6.180		09-15-19		667,000		671,169
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (D)		5.875		06-15-25		2,075,000		2,272,125
Capital markets 0.5%
Ares Capital Corp.		3.625		01-19-22		435,000		438,962
Cantor Fitzgerald LP (C)		4.875		05-01-24		970,000		1,012,103
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) (C)(D)		7.500		12-11-23		450,000		496,350
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) (C)(D)		7.500		07-17-23		700,000		743,750
FS KKR Capital Corp.		4.250		01-15-20		640,000		642,490
Lazard Group LLC		4.375		03-11-29		570,000		608,297
Macquarie Bank, Ltd. (C)		4.875		06-10-25		960,000		1,024,672
Morgan Stanley		3.875		01-27-26		670,000		709,415
Stifel Financial Corp.		4.250		07-18-24		545,000		571,423
The Goldman Sachs Group, Inc.		3.850		01-26-27		1,806,000		1,895,252
UBS Group Funding Switzerland AG (2.859% to 8-15-22, then 3 month LIBOR + 0.954%) (C)		2.859		08-15-23		1,300,000		1,307,136

UBS Group Funding Switzerland AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) (C)(D)		7.000		01-31-24		718,000		757,490


10 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Consumer finance 0.5%
Ally Financial, Inc.		5.125		09-30-24		1,365,000	$	1,494,675
American Express Company		2.500		08-01-22		1,245,000		1,249,467
Capital One Financial Corp.		3.450		04-30-21		1,125,000		1,141,750
Capital One Financial Corp.		3.500		06-15-23		545,000		562,782
Capital One Financial Corp.		3.900		01-29-24		575,000		605,861
Credit Acceptance Corp.		6.125		02-15-21		590,000		591,475
Credito Real SAB de CV (C)		7.250		07-20-23		450,000		471,938
Credito Real SAB de CV (9.125% to 11-29-22, then 5 Year CMT + 7.026%) (C)(D)		9.125		11-19-22		510,000		517,655
Discover Financial Services		3.950		11-06-24		1,090,000		1,148,192
Discover Financial Services		4.100		02-09-27		293,000		309,552
Enova International, Inc. (C)		8.500		09-01-24		142,000		137,030
Enova International, Inc. (C)		8.500		09-15-25		655,000		630,438
Springleaf Finance Corp.		6.875		03-15-25		260,000		290,831
Synchrony Financial		2.850		07-25-22		300,000		300,187
Diversified financial services 0.3%
Allied Universal Holdco LLC (C)		6.625		07-15-26		156,000		163,020
ASP AMC Merger Sub, Inc. (C)		8.000		05-15-25		485,000		329,800
Doric Nimrod Air Alpha 2013-1 Class B Pass Through Trust (C)		6.125		11-30-21		50,889		50,991
Gogo Intermediate Holdings LLC (C)		9.875		05-01-24		478,000		493,549
Jefferies Financial Group, Inc.		5.500		10-18-23		945,000		1,022,574
Jefferies Group LLC		4.150		01-23-30		815,000		807,694
Jefferies Group LLC		4.850		01-15-27		983,000		1,043,376
Refinitiv US Holdings, Inc. (C)		6.250		05-15-26		100,000		107,500
Refinitiv US Holdings, Inc. (C)		8.250		11-15-26		160,000		177,200
Trident Merger Sub, Inc. (C)		6.625		11-01-25		200,000		175,500
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%)		5.650		05-15-53		1,169,000		1,233,131
Insurance 0.6%
Aquarius & Investments PLC (6.375% to 9-1-19, then 5 Year U.S. Swap Rate + 5.210%)		6.375		09-01-24		785,000		785,981
AXA SA		8.600		12-15-30		340,000		488,419
Brighthouse Financial, Inc.		3.700		06-22-27		1,370,000		1,330,537
CNO Financial Group, Inc.		5.250		05-30-25		825,000		888,938
CNO Financial Group, Inc.		5.250		05-30-29		315,000		340,988
Liberty Mutual Group, Inc. (7.800% to 3-15-37, then 3 month LIBOR + 3.576%) (C)		7.800		03-07-87		1,011,000		1,273,860
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%)		6.400		12-15-66		660,000		765,296
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) (C)		9.250		04-08-68		320,000		452,800
Nationstar Mortgage Holdings, Inc. (C)		8.125		07-15-23		375,000		389,531
Nationstar Mortgage Holdings, Inc. (C)		9.125		07-15-26		300,000		314,250
Nationwide Building Society (3.622% to 4-26-22, then 3 month LIBOR + 1.181%) (C)		3.622		04-26-23		684,000		693,372
Nationwide Building Society (3.960% to 7-18-29, then 3 month LIBOR + 1.855%) (C)		3.960		07-18-30		585,000		589,621
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. ISDAFIX + 3.650%) (C)		5.100		10-16-44		705,000		756,113
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%)		5.875		09-15-42		1,590,000		1,699,344
Teachers Insurance & Annuity Association of America (C)		4.270		05-15-47		990,000		1,078,982
Thrifts and mortgage finance 0.1%
Ladder Capital Finance Holdings LLLP (C)		5.250		03-15-22		220,000		225,500
Ladder Capital Finance Holdings LLLP (C)		5.250		10-01-25		340,000		348,500
MGIC Investment Corp.		5.750		08-15-23		202,000		219,170
Quicken Loans, Inc. (C)		5.750		05-01-25		865,000		893,216
Radian Group, Inc.		4.500		10-01-24		300,000		308,481


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 11


	Rate (%)		Maturity date		Par value^		Value
Financials (continued)
Thrifts and mortgage finance (continued)
Stearns Holdings LLC (C)(E)		9.375		08-15-20		279,000	$	139,500
Health care 0.8%								16,097,314

Biotechnology 0.1%
Celgene Corp.		3.250		02-20-23		618,000		632,993
Shire Acquisitions Investments Ireland DAC		3.200		09-23-26		1,190,000		1,209,710
Health care providers and services 0.4%
Centene Corp. (C)		5.375		06-01-26		625,000		660,156
CVS Health Corp.		5.050		03-25-48		731,000		794,495
DaVita, Inc.		5.000		05-01-25		975,000		955,520
HCA, Inc.		4.125		06-15-29		320,000		327,798
HCA, Inc.		5.250		04-15-25		745,000		821,554
HCA, Inc.		5.250		06-15-26		710,000		788,013
HCA, Inc.		7.500		02-15-22		645,000		714,144
MEDNAX, Inc. (C)		5.250		12-01-23		665,000		663,850
MEDNAX, Inc. (C)		6.250		01-15-27		565,000		560,763
Select Medical Corp. (C)		6.250		08-15-26		320,000		324,800
Select Medical Corp.		6.375		06-01-21		805,000		806,006
Team Health Holdings, Inc. (C)		6.375		02-01-25		150,000		122,250
Universal Health Services, Inc. (C)		4.750		08-01-22		500,000		506,250
Universal Health Services, Inc. (C)		5.000		06-01-26		733,000		764,153
Life sciences tools and services 0.0%
IQVIA, Inc. (C)		4.875		05-15-23		565,000		577,854
Pharmaceuticals 0.3%
Bausch Health Companies, Inc. (C)		6.125		04-15-25		875,000		895,519
Bayer US Finance II LLC (C)		3.500		06-25-21		500,000		507,264
Bristol-Myers Squibb Company (C)		2.900		07-26-24		1,600,000		1,637,413
Catalent Pharma Solutions, Inc. (C)		5.000		07-15-27		155,000		159,263
GlaxoSmithKline Capital PLC		3.000		06-01-24		1,125,000		1,157,396
Teva Pharmaceutical Finance Netherlands III BV		6.750		03-01-28		570,000		510,150
Industrials 1.7%								33,400,338

Aerospace and defense 0.1%
Arconic, Inc.		5.125		10-01-24		791,000		843,435
Huntington Ingalls Industries, Inc. (C)		5.000		11-15-25		897,000		939,159
Kratos Defense & Security Solutions, Inc. (C)		6.500		11-30-25		500,000		534,400
Air freight and logistics 0.0%
XPO Logistics, Inc. (C)		6.500		06-15-22		479,000		486,607
Airlines 0.8%
Air Canada 2013-1 Class A Pass Through Trust (C)		4.125		11-15-26		494,246		516,982
Air Canada 2017-1 Class B Pass Through Trust (C)		3.700		07-15-27		735,225		730,666
American Airlines 2000-1 Pass Through Trust		6.977		11-23-22		125,466		127,586
American Airlines 2013-2 Class A Pass Through Trust		4.950		07-15-24		651,055		681,849
American Airlines 2015-1 Class A Pass Through Trust		3.375		11-01-28		891,890		900,809
American Airlines 2015-1 Class B Pass Through Trust		3.700		11-01-24		466,652		470,852
American Airlines 2016-1 Class A Pass Through Trust		4.100		07-15-29		856,860		891,305
American Airlines 2017-1 Class A Pass Through Trust		4.000		08-15-30		576,000		595,526
American Airlines 2017-1 Class AA Pass Through Trust		3.650		08-15-30		657,000		682,952
American Airlines 2017-2 Class A Pass Through Trust		3.600		04-15-31		373,622		365,252
Azul Investments LLP (C)		5.875		10-26-24		740,000		748,332
British Airways 2013-1 Class A Pass Through Trust (C)		4.625		06-20-24		637,513		669,771
British Airways 2013-1 Class B Pass Through Trust (C)		5.625		12-20-21		79,723		80,481


12 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Industrials (continued)
Airlines (continued)
British Airways 2018-1 Class A Pass Through Trust (C)		4.125		03-20-33		350,202	$	366,696
Continental Airlines 2007-1 Class A Pass Through Trust		5.983		10-19-23		373,238		394,550
Delta Air Lines 2002-1 Class G-1 Pass Through Trust		6.718		07-02-24		273,722		293,539
Delta Air Lines, Inc.		3.625		03-15-22		1,075,000		1,096,285
Delta Air Lines, Inc.		3.800		04-19-23		772,000		796,628
Delta Air Lines, Inc.		4.375		04-19-28		850,000		891,672
Northwest Airlines 2007-1 Class A Pass Through Trust		7.027		05-01-21		133,072		133,897
United Airlines 2014-2 Class A Pass Through Trust		3.750		03-03-28		917,651		953,256
United Airlines 2014-2 Class B Pass Through Trust		4.625		03-03-24		506,420		520,347
United Airlines 2016-1 Class A Pass Through Trust		3.450		01-07-30		679,798		691,354
United Airlines 2016-1 Class B Pass Through Trust		3.650		01-07-26		984,826		989,652
United Airlines 2018-1 Class B Pass Through Trust		4.600		03-01-26		230,029		237,528
United Airlines 2019-1 Class A Pass Through Trust		4.550		02-25-33		670,000		721,523
US Airways 2010-1 Class A Pass Through Trust		6.250		10-22-24		183,740		199,726
US Airways 2012-1 Class A Pass Through Trust		5.900		04-01-26		390,340		426,485
Building products 0.1%
Owens Corning		3.950		08-15-29		585,000		583,930
Owens Corning		4.200		12-15-22		380,000		398,094
Commercial services and supplies 0.1%
Clean Harbors, Inc. (C)		4.875		07-15-27		120,000		123,734
LSC Communications, Inc. (C)		8.750		10-15-23		766,000		584,075
Prime Security Services Borrower LLC (C)		9.250		05-15-23		158,000		165,999
Construction and engineering 0.1%
AECOM		5.125		03-15-27		920,000		963,700
Tutor Perini Corp. (C)		6.875		05-01-25		200,000		196,250
Industrial conglomerates 0.1%
3M Company		3.250		02-14-24		970,000		1,011,433
General Electric Company		5.550		01-05-26		1,095,000		1,228,654
Machinery 0.0%
Harsco Corp. (C)		5.750		07-31-27		200,000		206,000
Professional services 0.1%
IHS Markit, Ltd. (C)		4.000		03-01-26		955,000		993,105
IHS Markit, Ltd. (C)		4.750		02-15-25		310,000		332,754
IHS Markit, Ltd.		4.750		08-01-28		538,000		594,549
IHS Markit, Ltd. (C)		5.000		11-01-22		380,000		401,942
Trading companies and distributors 0.3%
AerCap Ireland Capital DAC		4.625		10-30-20		960,000		982,935
AerCap Ireland Capital DAC		5.000		10-01-21		855,000		894,795
Ahern Rentals, Inc. (C)		7.375		05-15-23		885,000		765,525
Aircastle, Ltd.		4.400		09-25-23		425,000		441,848
Aircastle, Ltd.		5.500		02-15-22		415,000		439,641
Ashtead Capital, Inc. (C)		4.375		08-15-27		840,000		844,200
Avolon Holdings Funding, Ltd. (C)		5.125		10-01-23		550,000		584,430
H&E Equipment Services, Inc.		5.625		09-01-25		307,000		315,443
United Rentals North America, Inc.		4.875		01-15-28		750,000		765,000
United Rentals North America, Inc.		5.500		07-15-25		580,000		603,200
Information technology 1.7%								33,790,222

Communications equipment 0.2%
CommScope, Inc. (C)		8.250		03-01-27		925,000		911,125
Motorola Solutions, Inc.		4.600		02-23-28		1,243,000		1,308,122
Telefonaktiebolaget LM Ericsson		4.125		05-15-22		1,260,000		1,298,115


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 13


	Rate (%)		Maturity date		Par value^		Value
Information technology (continued)
Electronic equipment, instruments and components 0.1%
Tech Data Corp.		3.700		02-15-22		453,000	$	459,231
Tech Data Corp.		4.950		02-15-27		1,355,000		1,421,840
IT services 0.3%
Banff Merger Sub, Inc. (C)		9.750		09-01-26		517,000		462,392
Fiserv, Inc.		2.750		07-01-24		679,000		682,494
Fiserv, Inc.		3.200		07-01-26		1,035,000		1,058,052
IBM Corp.		2.850		05-13-22		2,385,000		2,416,963
Tempo Acquisition LLC (C)		6.750		06-01-25		261,000		269,156
VeriSign, Inc.		4.750		07-15-27		340,000		357,656
VeriSign, Inc.		5.250		04-01-25		565,000		610,200
Semiconductors and semiconductor equipment 0.8%
Advanced Micro Devices, Inc.		7.000		07-01-24		416,000		433,680
Broadcom Corp.		3.875		01-15-27		2,005,000		1,957,097
KLA Corp.		4.100		03-15-29		646,000		694,659
Lam Research Corp.		3.750		03-15-26		815,000		861,627
Lam Research Corp.		4.875		03-15-49		673,000		765,022
Marvell Technology Group, Ltd.		4.875		06-22-28		1,000,000		1,082,377
Microchip Technology, Inc.		3.922		06-01-21		570,000		579,927
Microchip Technology, Inc.		4.333		06-01-23		1,710,000		1,777,246
Micron Technology, Inc.		4.185		02-15-27		1,910,000		1,931,124
Micron Technology, Inc.		4.975		02-06-26		447,000		475,732
Micron Technology, Inc.		5.327		02-06-29		1,632,000		1,736,242
NXP BV (C)		3.875		06-18-26		600,000		616,024
NXP BV (C)		4.625		06-01-23		1,485,000		1,568,149
NXP BV (C)		4.875		03-01-24		680,000		729,228
Qorvo, Inc.		5.500		07-15-26		260,000		273,858
Software 0.0%
Microsoft Corp.		4.450		11-03-45		825,000		996,219
Technology hardware, storage and peripherals 0.3%
Dell International LLC (C)		4.900		10-01-26		1,150,000		1,201,070
Dell International LLC (C)		5.300		10-01-29		1,174,000		1,248,451
Dell International LLC (C)		6.020		06-15-26		785,000		867,455
Dell International LLC (C)		8.350		07-15-46		1,413,000		1,800,426
Seagate HDD Cayman		4.750		01-01-25		930,000		939,263
Materials 0.5%								9,580,826

Chemicals 0.2%
Braskem Netherlands Finance BV (C)		4.500		01-10-28		785,000		792,615
Cydsa SAB de CV (C)		6.250		10-04-27		665,000		667,500
Mexichem SAB de CV (C)		5.500		01-15-48		835,000		839,175
Syngenta Finance NV (C)		4.441		04-24-23		1,000,000		1,045,757
Syngenta Finance NV (C)		5.676		04-24-48		365,000		364,353
The Chemours Company		6.625		05-15-23		954,000		958,179
Construction materials 0.0%
Cemex SAB de CV (C)		6.125		05-05-25		580,000		600,590
U.S. Concrete, Inc.		6.375		06-01-24		300,000		312,000
Containers and packaging 0.1%
Ardagh Packaging Finance PLC (C)		6.000		02-15-25		685,000		707,263
Klabin Finance SA (C)		4.875		09-19-27		705,000		716,280
Metals and mining 0.1%
Anglo American Capital PLC (C)		4.750		04-10-27		625,000		662,646
Commercial Metals Company		5.375		07-15-27		231,000		232,155


14 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Materials (continued)
Metals and mining (continued)
First Quantum Minerals, Ltd. (C)		6.875		03-01-26		450,000	$	425,250
First Quantum Minerals, Ltd. (C)		7.500		04-01-25		350,000		342,563
Paper and forest products 0.1%
Norbord, Inc. (C)		6.250		04-15-23		550,000		583,000
Suzano Austria GmbH (C)		6.000		01-15-29		300,000		331,500
Real estate 0.3%								6,655,574

Equity real estate investment trusts 0.3%
American Homes 4 Rent LP		4.250		02-15-28		765,000		800,514
American Tower Corp.		3.550		07-15-27		1,228,000		1,262,439
American Tower Corp.		3.800		08-15-29		545,000		565,411
American Tower Corp.		4.700		03-15-22		550,000		581,097
Equinix, Inc.		5.375		05-15-27		488,000		523,844
SBA Tower Trust (C)		3.722		04-09-48		1,137,000		1,163,826
The GEO Group, Inc.		6.000		04-15-26		146,000		119,720
Ventas Realty LP		3.500		02-01-25		655,000		679,498
VEREIT Operating Partnership LP		4.600		02-06-24		900,000		959,225
Utilities 0.5%								9,299,677

Electric utilities 0.2%
ABY Transmision Sur SA (C)		6.875		04-30-43		516,600		619,920
Electricite de France SA (5.250% to 1-29-23, then 10 Year U.S. Swap Rate + 3.709%) (C)(D)		5.250		01-29-23		1,205,000		1,232,113
Emera US Finance LP		3.550		06-15-26		420,000		432,423
Empresa Electrica Angamos SA (C)		4.875		05-25-29		469,530		492,978
Instituto Costarricense de Electricidad (C)		6.375		05-15-43		515,000		432,605
Vistra Operations Company LLC (C)		4.300		07-15-29		935,000		940,582
Gas utilities 0.1%
AmeriGas Partners LP		5.500		05-20-25		680,000		714,000
Independent power and renewable electricity producers 0.2%
Clearway Energy Operating LLC		5.375		08-15-24		679,000		695,194
Greenko Dutch BV (C)		4.875		07-24-22		740,000		742,087
Greenko Dutch BV (C)		5.250		07-24-24		375,000		375,683
NextEra Energy Capital Holdings, Inc.		3.550		05-01-27		1,235,000		1,293,367
NextEra Energy Operating Partners LP (C)		4.500		09-15-27		255,000		256,201
NRG Energy, Inc. (C)		3.750		06-15-24		525,000		537,492
Multi-utilities 0.0%
CenterPoint Energy, Inc.		2.500		09-01-22		535,000		535,032
Capital preferred securities 0.0%							$	141,050
(Cost $157,058)
Financials 0.0%								141,050

Capital markets 0.0%
State Street Corp. (3 month LIBOR + 1.000%) (B)		3.410		06-01-77		182,000		141,050
Term loans (F) 0.0%							$	857,991
(Cost $872,475)
Financials 0.0%								195,242

Capital markets 0.0%
LSF9 Atlantis Holdings LLC, 2017 Term Loan (1 month LIBOR + 6.000%)		8.360		05-01-23		209,000		195,242


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 15


	Rate (%)		Maturity date		Par value^		Value
Health care 0.0%							$	662,749

Health care providers and services 0.0%
Concentra, Inc., 2018 2nd Lien Term Loan (3 month LIBOR + 6.500%)		8.960		06-01-23		659,997		662,749
Collateralized mortgage obligations 2.3%							$	46,077,923
(Cost $46,310,252)
Commercial and residential 1.8%								35,698,109

Angel Oak Mortgage Trust I LLC
Series 2018-1, Class A1 (C)(G)		3.258		04-27-48		153,281		153,824
Series 2018-3, Class A1 (C)(G)		3.649		09-25-48		421,631		425,952
AOA Mortgage Trust
Series 2015-1177, Class C (C)(G)		3.010		12-13-29		290,000		290,574
Arroyo Mortgage Trust
Series 2018-1, Class A1 (C)(G)		3.763		04-25-48		1,500,754		1,532,903
Series 2019-2, Class A1 (C)(G)		3.347		04-25-49		1,177,162		1,189,290
Series 2019-3, Class A1 (C)(G)		2.962		10-25-48		665,000		664,352
BBCMS Mortgage Trust
Series 2018-TALL, Class B (1 month LIBOR + 0.971%) (B)(C)		3.296		03-15-37		615,000		614,804
Series 2018-TALL, Class E (1 month LIBOR + 2.437%) (B)(C)		4.762		03-15-37		500,000		502,189
BBCMS Trust
Series 2015-MSQ, Class D (C)(G)		3.990		09-15-32		385,000		390,294
Series 2015-SRCH, Class D (C)(G)		4.957		08-10-35		840,000		913,771
BENCHMARK Mortgage Trust
Series 2019-B10, Class A2		3.614		03-15-62		926,000		974,818
Series 2019-B11, Class A2		3.410		05-15-52		710,000		743,449
Series 2019-B12, Class A2		3.001		08-15-52		905,000		931,816
Bunker Hill Loan Depositary Trust
Series 2019-1, Class A1 (C)		3.613		10-26-48		152,944		154,497
BWAY Mortgage Trust
Series 2015-1740, Class XA IO (C)		0.896		01-10-35		7,015,000		155,990
BX Commercial Mortgage Trust
Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (B)(C)		3.646		03-15-37		480,000		481,196
CAMB Commercial Mortgage Trust
Series 2019-LIFE, Class D (1 month LIBOR + 1.750%) (B)(C)		4.075		12-15-37		230,000		231,583
CGBAM Commercial Mortgage Trust
Series 2015-SMRT, Class F (C)(G)		3.786		04-10-28		185,000		185,887
CGDBB Commercial Mortgage Trust
Series 2017-BIOC, Class E (1 month LIBOR + 2.150%) (B)(C)		4.475		07-15-32		480,000		480,300
CHT Mortgage Trust
Series 2017-CSMO, Class D (1 month LIBOR + 2.250%) (B)(C)		4.575		11-15-36		835,000		837,608
Citigroup Commercial Mortgage Trust
Series 2017-1500, Class E (1 month LIBOR + 2.500%) (B)(C)		4.825		07-15-32		260,000		261,318
CLNS Trust
Series 2017-IKPR, Class C (1 month LIBOR + 1.100%) (B)(C)		3.469		06-11-32		370,000		369,994
COLT Mortgage Loan Trust
Series 2018-2, Class A1 (C)(G)		3.470		07-27-48		122,877		123,076
Series 2019-2, Class A1 (C)(G)		3.337		05-25-49		576,333		583,725
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)
Series 2012-CR2, Class XA IO		1.640		08-15-45		3,836,091		153,251
Series 2012-CR3 Class XA IO		1.865		10-15-45		5,505,145		268,359
Series 2014-CR15, Class XA IO		0.945		02-10-47		5,777,479		196,018
Series 2014-CR20, Class A3		3.326		11-10-47		1,305,000		1,359,595
Series 2016-CR28, Class A3		3.495		02-10-49		350,000		369,199
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG)
Series 2018-COR3, Class XA IO		0.447		05-10-51		9,688,302		339,836
Commercial Mortgage Trust (Deutsche Bank AG)
Series 2013-300P, Class D (C)(G)		4.394		08-10-30		880,000		920,529
Series 2013-LC13, Class B (C)(G)		5.009		08-10-46		220,000		236,969
Series 2017-PANW, Class A (C)		3.244		10-10-29		305,000		314,506


16 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Commercial and residential (continued)
Core Industrial Trust
Series 2015-CALW, Class XA IO (C)		0.810		02-10-34		6,830,434	$	115,452
Credit Suisse Mortgage Capital Certificates
Series 2019-ICE4, Class D (1 month LIBOR + 1.600%) (B)(C)		3.925		05-15-36		1,580,000		1,589,190
Galton Funding Mortgage Trust
Series 2018-1, Class A43 (C)(G)		3.500		11-25-57		346,008		348,016
GCAT LLC
Series 2019-NQM1, Class A1 (C)		2.985		02-25-59		1,164,575		1,167,421
Great Wolf Trust
Series 2017-WOLF, Class E (1 month LIBOR + 3.100%) (B)(C)		5.425		09-15-34		210,000		210,128
GS Mortgage Securities Trust
Series 2012-GC17, Class XA IO		2.169		05-10-45		5,470,160		198,743
Series 2015-590M, Class C (C)(G)		3.805		10-10-35		320,000		329,642
Series 2016-RENT, Class D (C)(G)		4.067		02-10-29		630,000		636,199
Series 2017-485L, Class C (C)(G)		3.982		02-10-37		250,000		257,704
Series 2017-500K, Class F (1 month LIBOR + 1.800%) (B)(C)		4.125		07-15-32		215,000		215,721
Series 2017-500K, Class G (1 month LIBOR + 2.500%) (B)(C)		4.825		07-15-32		120,000		118,991
Series 2019-GC39, Class A2		3.457		05-10-52		1,035,000		1,085,104
Series 2019-GC40, Class A2		2.971		07-10-52		845,000		868,354
Hilton Orlando Trust
Series 2018-ORL, Class D (1 month LIBOR + 1.700%) (B)(C)		4.025		12-15-34		250,000		250,465
Hudsons Bay Simon JV Trust
Series 2015-HBFL, Class DFL (1 month LIBOR + 3.900%) (B)(C)		6.330		08-05-34		210,000		209,788
IMT Trust
Series 2017-APTS, Class AFX (C)		3.478		06-15-34		330,000		344,453
Series 2017-APTS, Class CFX (C)(G)		3.497		06-15-34		400,000		406,185
IndyMac Index Mortgage Loan Trust
Series 2005-AR12, Class AX2 IO		1.091		07-25-35		3,503,603		134,561
Series 2005-AR8, Class AX2 IO		1.110		05-25-35		3,594,755		181,115
Irvine Core Office Trust
Series 2013-IRV, Class A2 (C)(G)		3.173		05-15-48		1,370,000		1,410,307
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2012-HSBC, Class XA IO (C)		1.431		07-05-32		6,083,500		225,154
Series 2015-MAR7, Class C (C)		4.490		06-05-32		425,000		432,963
Series 2018-PHH, Class A (1 month LIBOR + 0.910%) (B)(C)		3.235		06-15-35		411,861		412,113
KNDL Mortgage Trust
Series 2019-KNSQ, Class D (1 month LIBOR + 1.350%) (B)(C)		3.675		05-15-36		350,000		350,438
Morgan Stanley Capital I Trust
Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (B)(C)		3.725		11-15-34		850,000		852,128
MSCG Trust
Series 2016-SNR, Class D (C)		6.550		11-15-34		514,250		526,327
Natixis Commercial Mortgage Securities Trust
Series 2018-285M, Class D (C)(G)		3.790		11-15-32		240,000		244,782
Series 2018-ALXA, Class C (C)(G)		4.316		01-15-43		380,000		412,284
One Market Plaza Trust
Series 2017-1MKT, Class D (C)		4.146		02-10-32		240,000		248,935
Seasoned Credit Risk Transfer Trust
Series 2019-2, Class MA		3.500		08-25-58		1,122,683		1,164,858
Starwood Mortgage Residential Trust
Series 2018-IMC1, Class A1 (C)(G)		3.793		03-25-48		254,735		258,379
Verus Securitization Trust
Series 2018-3, Class A1 (C)(G)		4.108		10-25-58		915,637		927,922
VNDO Mortgage Trust
Series 2013-PENN, Class D (C)(G)		3.947		12-13-29		844,000		850,762
Wells Fargo Commercial Mortgage Trust
Series 2013-120B, Class C (C)(G)		2.710		03-18-28		690,000		687,108
Series 2017-SMP, Class D (1 month LIBOR + 1.650%) (B)(C)		3.975		12-15-34		295,000		294,002
WF-RBS Commercial Mortgage Trust
Series 2012-C9, Class XA IO (C)		1.903		11-15-45		4,442,249		224,051
Series 2013-C16, Class B (G)		5.026		09-15-46		145,000		156,892


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 17


	Rate (%)		Maturity date		Par value^		Value
U.S. Government Agency 0.5%							$	10,379,814

Federal Home Loan Mortgage Corp.
Series K005, Class AX IO		1.345		11-25-19		4,175,828		1,394
Series K017, Class X1 IO		1.298		12-25-21		4,962,117		123,972
Series K021, Class X1 IO		1.433		06-25-22		289,731		10,232
Series K022, Class X1 IO		1.222		07-25-22		10,509,663		319,450
Series KIR3, Class A1		3.038		08-25-27		1,420,000		1,473,297
Government National Mortgage Association
Series 2012-114, Class IO		0.767		01-16-53		2,370,406		108,053
Series 2016-174, Class IO		0.914		11-16-56		4,566,201		347,276
Series 2017-109, Class IO		0.610		04-16-57		6,060,393		318,409
Series 2017-124, Class IO		0.706		01-16-59		7,389,347		474,784
Series 2017-135, Class IO		0.838		10-16-58		4,843,540		320,677
Series 2017-140, Class IO		0.609		02-16-59		4,241,107		244,808
Series 2017-159, Class IO		0.545		06-16-59		5,930,796		307,764
Series 2017-169, Class IO		0.733		01-16-60		10,123,405		635,582
Series 2017-20, Class IO		0.747		12-16-58		7,023,608		431,118
Series 2017-22, Class IO		1.022		12-16-57		3,140,871		271,654
Series 2017-41, Class IO		0.793		07-16-58		5,403,474		367,270
Series 2017-46, Class IO		0.620		11-16-57		6,843,193		394,573
Series 2017-61, Class IO		0.769		05-16-59		3,205,384		224,962
Series 2018-081, Class IO		0.448		01-16-60		10,823,513		569,343
Series 2018-158, Class IO		0.727		05-16-61		6,670,696		504,602
Series 2018-35, Class IO		0.526		03-16-60		7,171,888		393,331
Series 2018-43, Class IO		0.576		05-16-60		11,231,205		633,430
Series 2018-68, Class IO		0.478		01-16-60		12,395,006		621,867
Series 2018-69, Class IO		0.536		04-16-60		11,010,597		640,643
Series 2018-9, Class IO		0.558		01-16-60		11,638,086		641,323
Asset backed securities 4.1%							$	81,993,644
(Cost $81,052,066)
Asset backed securities 4.1%								81,993,644

AccessLex Institute
Series 2005-1, Class A4 (3 month LIBOR + 0.210%) (B)		2.553		06-22-37		391,784		377,006
Series 2006-1, Class A3 (3 month LIBOR + 0.200%) (B)		2.721		08-25-37		1,573,331		1,531,023
Series 2007-A, Class A3 (3 month LIBOR + 0.300%) (B)		2.821		05-25-36		608,976		600,071
Ally Master Owner Trust
Series 2018-1, Class A2		2.700		01-17-23		2,125,000		2,136,886
Americredit Automobile Receivables Trust
Series 2018-2, Class C		3.590		06-18-24		485,000		497,204
Series 2018-3, Class C		3.740		10-18-24		395,000		407,794
Applebee’s Funding LLC
Series 2019-1A, Class A2I (C)		4.194		06-07-49		1,004,000		1,018,699
Arby’s Funding LLC
Series 2015-1A, Class A2 (C)		4.969		10-30-45		1,188,688		1,216,954
Avis Budget Rental Car Funding AESOP LLC
Series 2019-1A, Class A (C)		3.450		03-20-23		534,000		545,626
BRE Grand Islander Timeshare Issuer LLC
Series 2019-A, Class A (C)		3.280		09-26-33		550,741		557,818
Capital One Multi-Asset Execution Trust
Series 2016-A5, Class A5		1.660		06-17-24		1,600,000		1,585,679
Citibank Credit Card Issuance Trust
Series 2018-A1, Class A1		2.490		01-20-23		2,600,000		2,613,020
CLI Funding LLC
Series 2018-1A, Class A (C)		4.030		04-18-43		1,409,342		1,436,006
CNH Equipment Trust
Series 2017-C, Class A3		2.080		02-15-23		680,000		679,081
Series 2018-B, Class A3		3.190		11-15-23		1,050,000		1,066,321


18 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Asset backed securities (continued)
Coinstar Funding LLC
Series 2017-1A, Class A2 (C)		5.216		04-25-47		1,060,588	$	1,082,679
Collegiate Funding Services Education Loan Trust
Series 2005-A, Class A4 (3 month LIBOR + 0.200%) (B)		2.530		03-28-35		555,000		536,600
CWABS Asset-Backed Certificates Trust
Series 2004-10, Class AF5B		4.570		02-25-35		147,719		147,897
DB Master Finance LLC
Series 2017-1A, Class A2I (C)		3.629		11-20-47		391,045		396,363
Series 2017-1A, Class A2II (C)		4.030		11-20-47		438,325		444,532
Series 2019-1A, Class A2I (C)		3.787		05-20-49		2,185,000		2,235,911
DLL LLC
Series 2018-ST2, Class A3 (C)		3.460		01-20-22		705,000		713,555
Domino’s Pizza Master Issuer LLC
Series 2017-1A, Class A23 (C)		4.118		07-25-47		1,332,800		1,382,660
Driven Brands Funding LLC
Series 2015-1A, Class A2 (C)		5.216		07-20-45		1,284,938		1,324,783
Enterprise Fleet Financing LLC
Series 2018-3, Class A2 (C)		3.380		05-20-24		968,000		978,556
Evergreen Credit Card Trust
Series 2018-1, Class A (C)		2.950		03-15-23		1,200,000		1,213,916
FOCUS Brands Funding LLC
Series 2017-1A, Class A2I (C)		3.857		04-30-47		371,450		381,821
Ford Credit Auto Owner Trust
Series 2017-B, Class A4		1.870		09-15-22		295,000		293,460
Series 2017-C, Class A4		2.160		03-15-23		715,000		714,681
Series 2018-B, Class A3		3.240		04-15-23		1,023,000		1,041,567
Ford Credit Floorplan Master Owner Trust
Series 2017-2, Class A1		2.160		09-15-22		1,275,000		1,273,187
Series 2018-3, Class A1		3.520		10-15-23		1,800,000		1,845,078
Series 2019-2, Class A		3.320		04-15-26		526,000		542,041
GMF Floorplan Owner Revolving Trust
Series 2019-2, Class A (C)		2.900		04-15-26		1,225,000		1,247,644
Goal Capital Funding Trust
Series 2005-2, Class A4 (3 month LIBOR + 0.200%) (B)		2.721		08-25-44		2,568,000		2,504,572
Golden Credit Card Trust
Series 2018-1A, Class A (C)		2.620		01-15-23		1,385,000		1,392,444
Hilton Grand Vacations Trust
Series 2017-AA, Class A (C)		2.660		12-26-28		910,436		912,756
Series 2018-AA, Class A (C)		3.540		02-25-32		440,334		452,023
Honda Auto Receivables Owner Trust
Series 2017-2, Class A4		1.870		09-15-23		320,000		318,385
Series 2017-3, Class A4		1.980		11-20-23		380,000		378,574
Hyundai Auto Receivables Trust
Series 2018-B, Class A3		3.480		12-15-22		639,000		649,723
Jack In The Box Funding LLC
Series 2019-1A, Class A23 (C)		4.970		08-25-49		445,000		443,971
Series 2019-1A, Class A2I (C)		3.982		08-25-49		445,000		448,169
KeyCorp Student Loan Trust
Series 2004-A, Class 1A2 (3 month LIBOR + 0.240%) (B)		2.496		10-27-42		551,190		531,077
MelTel Land Funding LLC
Series 2019-1A, Class A (C)		3.768		04-15-49		505,000		513,036
Mill City Mortgage Loan Trust
Series 2018-3, Class A1 (C)(G)		3.500		08-25-58		440,038		449,166
MMAF Equipment Finance LLC
Series 2017-B, Class A3 (C)		2.210		10-17-22		900,000		898,335
Series 2019-A, Class A3 (C)		3.270		11-13-23		640,000		646,575
MVW Owner Trust
Series 2014-1A, Class A (C)		2.250		09-22-31		56,439		56,201
Series 2015-1A, Class A (C)		2.520		12-20-32		100,765		100,410
Series 2018-1A, Class A (C)		3.450		01-21-36		958,822		983,465


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 19


	Rate (%)		Maturity date		Par value^		Value
Asset backed securities (continued)
Navient Private Education Loan Trust
Series 2016-AA, Class A2A (C)		3.910		12-15-45		1,131,259	$	1,164,098
Nelnet Student Loan Trust
Series 2006-1, Class A6 (3 month LIBOR + 0.450%) (B)(C)		2.974		08-23-36		1,620,000		1,575,930
New Residential Mortgage LLC
Series 2018-FNT1, Class A (C)		3.610		05-25-23		584,987		590,026
Series 2018-FNT2, Class A (C)		3.790		07-25-54		342,461		346,305
NextGear Floorplan Master Owner Trust
Series 2017-1A, Class A2 (C)		2.540		04-18-22		1,005,000		1,004,955
Series 2018-1A, Class A2 (C)		3.220		02-15-23		260,000		262,958
Series 2018-2A, Class A2 (C)		3.690		10-15-23		700,000		718,574
Nissan Auto Receivables Owner Trust
Series 2017-B, Class A4		1.950		10-16-23		835,000		831,647
Series 2018-C, Class A3		3.220		06-15-23		1,532,000		1,562,413
NRZ Excess Spread-Collateralized Notes
Series 2018-PLS1, Class A (C)		3.193		01-25-23		201,067		201,701
Series 2018-PLS2, Class A (C)		3.265		02-25-23		1,103,549		1,109,169
OneMain Financial Issuance Trust
Series 2016-2A, Class C (C)		5.670		03-20-28		1,751,000		1,770,425
Oxford Finance Funding LLC
Series 2019-1A, Class A2 (C)		4.459		02-15-27		348,000		355,907
PFS Financing Corp.
Series 2018-B, Class A (C)		2.890		02-15-23		875,000		880,587
Renaissance Home Equity Loan Trust
Series 2005-2, Class AF4		4.934		08-25-35		400,892		410,879
Santander Drive Auto Receivables Trust
Series 2018-2, Class C		3.350		07-17-23		480,000		483,841
Series 2018-3, Class C		3.510		08-15-23		1,125,000		1,136,163
SCF Equipment Leasing LLC
Series 2019-1A, Class A2 (C)		3.230		10-20-24		372,000		376,311
Sierra Timeshare Receivables Funding LLC
Series 2018-2A, Class A (C)		3.500		06-20-35		283,785		289,938
Series 2019-1A, Class A (C)		3.200		01-20-36		491,820		502,150
SLM Private Credit Student Loan Trust
Series 2006-A, Class A5 (3 month LIBOR + 0.290%) (B)		2.700		06-15-39		276,729		269,015
SMB Private Education Loan Trust
Series 2015-C, Class A2A (C)		2.750		07-15-27		372,048		373,256
Series 2019-B, Class A2A (C)		2.840		06-15-37		1,141,000		1,148,511
Sonic Capital LLC
Series 2016-1A, Class A2 (C)		4.472		05-20-46		372,720		375,418
Structured Asset Securities Corp. Mortgage Loan Trust
Series 2005-2XS, Class 2A2 (1 month LIBOR + 1.500%) (B)		3.902		02-25-35		126,160		126,717
SunTrust Student Loan Trust
Series 2006-1A, Class A4 (3 month LIBOR + 0.190%) (B)(C)		2.446		10-28-37		1,887,194		1,849,656
Taco Bell Funding LLC
Series 2018-1A, Class A2I (C)		4.318		11-25-48		1,194,995		1,232,195
TAL Advantage V LLC
Series 2014-1A, Class A (C)		3.510		02-22-39		215,417		215,959
Textainer Marine Containers VII, Ltd.
Series 2018-1A, Class A (C)		4.110		07-20-43		48,256		49,297
Towd Point Mortgage Trust
Series 2015-1, Class A5 (C)(G)		3.975		10-25-53		280,000		289,727
Series 2015-2, Class 1M2 (C)(G)		3.789		11-25-60		815,000		834,635
Series 2016-5, Class A1 (C)(G)		2.500		10-25-56		560,936		557,861
Series 2017-1, Class A1 (C)(G)		2.750		10-25-56		311,967		313,213
Series 2017-2, Class A1 (C)(G)		2.750		04-25-57		212,970		213,477
Series 2018-1, Class A1 (C)(G)		3.000		01-25-58		406,941		408,847
Series 2018-3, Class A1 (C)(G)		3.750		05-25-58		592,423		611,737
Series 2018-4, Class A1 (C)(G)		3.000		06-25-58		1,009,604		1,016,402


20 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS


	Rate (%)		Maturity date		Par value^		Value
Asset backed securities (continued)
Series 2018-5, Class A1A (C)(G)		3.250		07-25-58		257,145	$	260,101
Series 2018-6, Class A1A (C)(G)		3.750		03-25-58		1,533,416		1,571,514
Series 2019-1, Class A1 (C)(G)		3.750		03-25-58		622,387		647,065
Toyota Auto Loan Extended Note Trust
Series 2019-1A, Class A (C)		2.560		11-25-31		2,418,000		2,443,913
Toyota Auto Receivables Owner Trust
Series 2017-C, Class A4		1.980		12-15-22		790,000		787,198
Series 2018-C, Class A3		3.020		12-15-22		1,300,000		1,318,417
Triton Container Finance V LLC
Series 2018-1A, Class A (C)		3.950		03-20-43		537,333		545,107
Vantage Data Centers Issuer LLC
Series 2018-1A, Class A2 (C)		4.072		02-16-43		517,563		529,206
VSE VOI Mortgage LLC
Series 2017-A, Class A (C)		2.330		03-20-35		531,899		529,301
Wachovia Student Loan Trust
Series 2006-1, Class B (3 month LIBOR + 0.240%) (B)(C)		2.516		04-25-40		144,944		135,860
Westgate Resorts LLC
Series 2015-2A, Class B (C)		4.000		07-20-28		131,973		131,682
Series 2016-1A, Class A (C)		3.500		12-20-28		174,853		175,382
Series 2017-1A, Class A (C)		3.050		12-20-30		292,452		292,786
Westlake Automobile Receivables Trust
Series 2019-1A, Class C (C)		4.050		03-15-24		499,000		504,838
World Omni Automobile Lease Securitization Trust
Series 2018-B, Class A3		3.190		12-15-21		905,000		916,373

	*Yield (%)**		Maturity date		Par value^		Value
Short-term investments 1.1%							$	22,382,000
(Cost $22,382,000)
U.S. Government Agency 0.4%								7,469,000

Federal Agricultural Mortgage Corp. Discount Note		2.150		08-01-19		2,657,000		2,657,000
Federal Home Loan Bank Discount Note		2.150		08-01-19		4,812,000		4,812,000

					Par value^		Value
Repurchase agreement 0.7%								14,913,000

Barclays Tri-Party Repurchase Agreement dated 7-31-19 at 2.520% to be repurchased at $10,666,747 on 8-1-19, collateralized by $8,969,300 U.S. Treasury Bonds, 3.625% due 2-15-44 (valued at $10,880,083, including interest)						10,666,000		10,666,000
Repurchase Agreement with State Street Corp. dated 7-31-19 at 1.300% to be repurchased at $4,247,153 on 8-1-19, collateralized by $4,290,000 U.S. Treasury Notes, 2.500% due 12-31-20 (valued at $4,332,021, including interest)						4,247,000		4,247,000
Total investments (Cost $1,560,014,277) 100.5%							$	2,007,406,186
Other assets and liabilities, net (0.5%)								(10,729,653	)
Total net assets 100.0%							$	1,996,676,533

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.

^	All par values are denominated in U.S. dollars unless otherwise indicated.

Security Abbreviations and Legend



ADR		American Depositary Receipt

CMT		Constant Maturity Treasury

IO		Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.

ISDAFIX		International Swaps and Derivatives Association Fixed Interest Rate Swap Rate

LIBOR		London Interbank Offered Rate

(A)	Non-income producing security.

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


SEE NOTES TO FUND’S INVESTMENTS		QUARTERLY REPORT \| JOHN HANCOCK BALANCED FUND 21

(C)	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.

(D)	Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.

(E)	Non-income producing - Issuer is in default.

(F)	Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.

(G)	Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.

*	Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.


22 JOHN HANCOCK BALANCED FUND \| QUARTERLY REPORT		SEE NOTES TO FUND’S INVESTMENTS

Notes to Fund’s investments (unaudited)

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 may be determined as of the regularly scheduled close of the NYSE pursuant to the fund’s Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are typically valued at the last sale price or official closing price on the exchange or principal market where the security 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 the 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 may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

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

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

The following is a summary of the values by input classification of the fund’s investments as of July 31, 2019, by major security category or type:


	Total value at 7-31-19		Level 1 quoted price		Level 2 significant observable inputs		Level 3 significant unobservable inputs
Investments in securities:
Assets
Common stocks		1,209,636,413	$	1,163,107,270	$	46,529,143		—
Preferred securities		1,568,555		1,568,555		—		—
U.S. Government and Agency obligations		331,998,249		—		331,998,249		—
Foreign government obligations		4,208,825		—		4,208,825		—
Corporate bonds		308,541,536		—		308,541,536		—
Capital preferred securities		141,050		—		141,050		—
Term loans		857,991		—		857,991		—
Collateralized mortgage obligations		46,077,923		—		46,077,923		—
Asset backed securities		81,993,644		—		81,993,644		—
Short-term investments		22,382,000		—		22,382,000		—
Total investments in securities	$	2,007,406,186	$	1,164,675,825	$	842,730,361		—

Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund’s purchases and sales of the affiliated underlying funds as well as income and capital gains earned, if any, during the period is as follows:


										Dividends and distributions
Fund	Beginning share amount		Shares purchased		Shares sold			Ending share amount		Income distributions received		Capital gain distributions received		Realized gain (loss)		Change in unrealized appreciation (depreciation)		Ending value
John Hancock Collateral Trust		216,812		12,922,021		(13,138,833	)		—		—		—	$	3,115	$	28		—

For additional information on the fund’s significant accounting policies, please refer to the fund’s most recent semiannual or annual shareholder report and prospectus.

More information


How to contact us

Internet	www.jhinvestments.com

Mail	Regular mail:	Express mail:
	John Hancock Signature Services, Inc.	John Hancock Signature Services, Inc.
	P.O. Box 55913	2000 Crown Colony Drive
	Boston, MA 02205-5913	Suite 55913
		Quincy, MA 02169-0953

Phone	Customer service representatives	800-225-5291
	EASI-Line	800-338-8080
	TDD line	800-231-5469

This report is for the information of the shareholders of John Hancock Balanced Fund.

36Q3 07/19
9/19