N-Q 1 a_seriestrust.htm JOHN HANCOCK SERIES TRUST a_seriestrust.htm
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
 
FORM N-Q 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED 
MANAGEMENT INVESTMENT COMPANIES 
 
Investment Company Act file number 811- 3392 
 
John Hancock Series Trust 
(Exact name of registrant as specified in charter) 
 
601 Congress Street, Boston, Massachusetts 02210 
(Address of principal executive offices) (Zip code) 
 
Michael J. Leary 
 
Treasurer 
 
601 Congress Street 
 
Boston, Massachusetts 02210 
(Name and address of agent for service) 
 
Registrant's telephone number, including area code: 617-663-4490 
 
Date of fiscal year end:  October 31 
 
 
Date of reporting period:  July 31, 2009 

ITEM 1. SCHEDULE OF INVESTMENTS






John Hancock Mid Cap Equity Fund
Securities owned by the Fund on
July 31, 2009 (Unaudited)

  Shares  Value 
 
Common stocks 97.42%    $21,437,197 
(Cost $20,670,178)     
 
Air Freight & Logistics 0.95%    208,500 
Expeditors International Washington, Inc.  6,145  208,500 
 
Airlines 2.70%    593,664 
Copa Holdings SA (Class A)  10,418  422,346 
JetBlue Airways Corp. (I)(L)  33,526  171,318 
 
Apparel Retail 0.98%    214,806 
Ross Stores, Inc.  4,872  214,806 
 
Application Software 4.27%    939,379 
Concur Technologies, Inc. (I)  16,373  564,705 
Salesforce.com, Inc. (I)(L)  8,645  374,674 
 
Asset Management & Custody Banks 2.12%    467,470 
Eaton Vance Corp.  3,947  112,963 
SEI Investments Co.  18,757  354,507 
 
Automotive Retail 1.82%    400,927 
Carmax, Inc. (I)(L)  18,791  303,099 
O'Reilly Automotive, Inc. (I)  2,406  97,828 
 
Biotechnology 3.77%    829,468 
BioMarin Pharmaceutical, Inc. (I)  16,464  270,174 
Onyx Pharmaceuticals, Inc. (I)  6,055  217,496 
United Therapeutics Corp.  2,300  213,026 
Vertex Pharmaceuticals, Inc. (I)  3,576  128,772 
 
Casinos & Gaming 5.20%    1,143,727 
Bally Technologies, Inc. (I)  14,160  512,734 
Penn National Gaming, Inc. (I)  15,130  479,772 
WMS Industries, Inc. (I)  4,182  151,221 
 
Coal & Consumable Fuels 1.26%    277,406 
Alpha Natural Resources, Inc. (I)(L)  8,328  277,406 
 
Commodity Chemicals 1.01%    222,048 
Celanese Corp. Series A  8,640  222,048 
 
Communications Equipment 0.97%    214,426 
CommScope, Inc.  8,376  214,426 
 
Computer & Electronics Retail 1.74%    383,119 
GameStop Corp. (Class A) (I)  17,502  383,119 
 
Computer Storage & Peripherals 1.34%    294,246 
Seagate Technology  24,439  294,246 
 
Data Processing & Outsourced Services 1.61%    355,197 
Euronet Worldwide, Inc. (I)  16,882  355,197 
 
Diversified Chemicals 1.01%    221,458 
FMC Corp.  4,553  221,458 
 
Education Services 1.55%    341,167 
Devry, Inc.  6,859  341,167 

Page 1 



John Hancock Mid Cap Equity Fund
Securities owned by the Fund on
July 31, 2009 (Unaudited)

  Shares  Value 
 
Electronic Components 1.94%    427,180 
Amphenol Corp. (Class A)  12,809  427,180 
 
Electronic Equipment & Instruments 0.90%    197,776 
Itron, Inc. (I)  3,791  197,776 
 
Fertilizers & Agricultural Chemicals 0.47%    102,306 
CF Industries Holdings, Inc.  1,296  102,306 
 
Health Care Equipment 5.63%    1,237,788 
Hologic, Inc. (I)  12,585  184,874 
ResMed, Inc. (I)  6,260  256,660 
St. Jude Medical, Inc. (I)  5,228  197,148 
Thoratec Corp. (I)  11,736  295,043 
Varian Medical Systems, Inc. (I)  8,621  304,063 
 
Health Care Facilities 1.05%    230,670 
Psychiatric Solutions, Inc. (I)  8,537  230,670 
 
Health Care Supplies 1.95%    429,811 
Inverness Medical Innovations, Inc. (I)  12,773  429,811 
 
Home Entertainment Software 0.85%    187,948 
Electronic Arts, Inc. (I)  8,754  187,948 
 
Household Products 0.88%    194,398 
Church & Dwight Co., Inc.  3,296  194,398 
 
Independent Power Producers & Energy Traders 0.87%    191,776 
NRG Energy, Inc. (I)  7,048  191,776 
 
Industrial Conglomerates 1.06%    232,975 
McDermott International, Inc.  11,923  232,975 
 
Industrial Gases 0.82%    180,371 
Airgas, Inc.  4,046  180,371 
 
Industrial Machinery 1.59%    349,653 
Flowserve Corp.  4,329  349,653 
 
Integrated Oil & Gas 0.84%    183,978 
InterOil Corp. (I)  6,501  183,978 
 
Internet Retail 1.38%    304,126 
Expedia, Inc.  14,685  304,126 
 
Internet Software & Services 3.65%    804,079 
Baidu, Inc., SADR (I)  792  275,727 
NetEase.com, Inc., ADR (L)  3,854  169,807 
VistaPrint Ltd. (I)(L)  8,692  358,545 
 
Investment Banking & Brokerage 3.21%    707,412 
Greenhill & Co., Inc.  4,870  366,808 
Lazard Ltd. (Class A)  9,208  340,604 
 
Life & Health Insurance 1.46%    321,312 
Prudential Financial, Inc.  7,258  321,312 

Page 2 



John Hancock Mid Cap Equity Fund
Securities owned by the Fund on
July 31, 2009 (Unaudited)

  Shares  Value 
 
Life Sciences Tools & Services 1.43%    313,636 
QIAGEN NV (I)(L)  16,542  313,636 
 
Metal & Glass Containers 1.12%    246,710 
Owens-Illinois, Inc. (I)  7,269  246,710 
 
Oil & Gas Equipment & Services 2.25%    495,991 
Core Laboratories NV  1,775  152,579 
Dresser-Rand Group, Inc.  6,719  195,590 
IHS, Inc. (Class A) (I)  2,960  147,822 
 
Oil & Gas Exploration & Production 3.27%    719,042 
Cabot Oil & Gas Corp.  8,624  302,961 
Denbury Resources, Inc. (I)  11,373  188,792 
SandRidge Energy, Inc. (L)  24,309  227,289 
 
Packaged Foods & Meats 1.65%    363,861 
Dean Foods Co.  8,010  169,732 
Hormel Foods Corp.  5,406  194,129 
 
Personal Products 1.01%    221,434 
Alberto-Culver Co.  8,643  221,434 
 
Pharmaceuticals 2.28%    502,740 
Mylan, Inc. (I)(L)  21,523  283,888 
Shire PLC, ADR  4,884  218,852 
 
Regional Banks 0.88%    192,744 
Cullen/Frost Bankers, Inc.  4,013  192,744 
 
Research & Consulting Services 3.74%    823,387 
FTI Consulting, Inc. (I)  7,082  385,473 
Stantec, Inc. (I)  17,302  437,914 
 
Restaurants 1.27%    279,051 
Chipotle Mexican Grill, Inc. (Class A) (I)(L)  2,974  279,051 
 
Security & Alarm Services 1.42%    311,940 
Corrections Corp. of America (I)  18,073  311,940 
 
Semiconductor Equipment 0.82%    180,475 
Novellus Systems, Inc.  9,222  180,475 
 
Semiconductors 6.59%    1,450,007 
Broadcom Corp. (Class A) (I)  16,177  456,677 
Marvell Technology Group, Ltd.  13,416  178,969 
ON Semiconductor Corp.  39,772  290,336 
Silicon Laboratories, Inc. (I)  12,235  524,025 
 
Soft Drinks 1.26%    276,485 
Hansen Natural Corp. (I)  8,916  276,485 
 
Specialty Chemicals 0.64%    140,306 
Lubrizol Corp.  2,422  140,306 
 
Specialty Stores 0.70%    155,091 
PetSmart, Inc.  6,933  155,091 

Page 3 



John Hancock Mid Cap Equity Fund
Securities owned by the Fund on
July 31, 2009 (Unaudited)

      Shares  Value 
 
Steel 3.17%        698,491 
Ak Steel Holding Corp.      10,523  206,987 
Cliffs Natural Resources, Inc.      7,722  211,506 
Schnitzer Steel Industries, Inc. (Class A)      2,019  108,562 
Steel Dynamics, Inc.      10,479  171,436 
 
Trucking 1.71%        375,281 
J.B. Hunt Transport Services, Inc.      5,268  147,241 
Landstar System, Inc.      6,217  228,040 
 
Wireless Telecommunication Services 1.36%        299,958 
American Tower Corp. (Class A) (I)      8,799  299,958 
 
Short-term investments 14.66%        $3,226,638 
(Cost $3,225,361)         
                        Rate   Shares  Value 
 
Cash Equivalents 0.00%        2,426,642 
John Hancock Collateral Investment Trust(T)(W)                        0.4185% (Y)   242,400  2,426,642 
    Maturity     
  Rate  date  Par value  Value 
U.S. Government Agency 3.63%        799,996 
Federal Home Loan Bank,         
  Discount Note  0.090%  08/03/09  800,000  799,996 
 
Total investments (Cost $23,895,539)† 112.08%        $24,663,835 
 
Other assets and liabilities, net (12.08%)        ($2,658,651) 
 
Total net assets 100.00%        $22,005,184 

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

ADR American Depositary Receipts

SADR Sponsored American Depositary Receipts

(I) Non-income producing security.

(L) All or a portion of this security is on loan as of July 31, 2009.

(T) Represents investment of securities lending collateral.

(W) Issuer is an affiliate of John Hancock Advisers, LLC (the Adviser).

(Y) The rate shown is annualized seven-day yield as of July 31, 2009.

† At July 31, 2009, the aggregate cost of investment securities for federal income tax purposes was $24,029,283. Net unrealized appreciation aggregated $634,552, of which $2,346,056 related to appreciated investment securities and $1,711,504 related to depreciated investment securities.

Page 4 



Notes to the Schedule of Investments (Unaudited)

Security valuation
Security Valuation Investments are stated at value as of the close of the regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. Equity securities held by the Fund are valued at the last sale price or official closing price (closing bid price or last evaluated price if no sale has occurred) as of the close of business on the principal securities exchange (domestic or foreign) on which they trade. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, which take into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. Foreign securities and currencies are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent quotation service. Securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Equity and debt obligations, for which there are no prices available from an independent pricing service, are value based on broker quotes or fair valued as described below. Certain short-term debt instruments are valued at amortized cost. John Hancock Collateral Investment Trust (JHCIT), an affiliated registered investment company managed by MFC Global Investment Management (U.S.), LLC, a subsidiary of Manulife Financial Corporation (MFC), is valued at its net asset value each business day. JHCIT is a floating rate fund investing in money market instruments.

Other portfolio securities and assets for which no such quotations are readily available are valued at fair value as determined in good faith by the Fund’s Pricing Committee in accordance with procedures adopted by the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. The values of such securities used in computing the net asset value of the Fund’s shares are generally determined as of such times. Occasionally, significant events that affect the values of such securities may occur between the times at which such values are generally determined and the close of the NYSE. Upon such an occurrence, these securities will be valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees.

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

Fair Value Measurements

The Fund uses a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs and the valuation techniques used are summarized below:

Level 1 — Exchange traded prices in active markets for identical securities. This technique is used for exchange-traded domestic common and preferred equities, certain foreign equities, warrants, rights, options and futures. In addition, investment companies, including mutual funds, are valued using this technique.

Level 2 — Prices determined using 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 techniques are received from independent pricing vendors and are based on an evaluation of the inputs described. These techniques are used for certain domestic preferred equities, certain foreign equities, unlisted rights and warrants, and fixed income securities. Also, over-the-counter derivative contracts, including swaps, foreign forward currency contracts, and certain options use these techniques.

5 



Level 3 — Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Trust’s Pricing Committee’s own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available. Securities using this technique are generally thinly traded or privately placed, and may be valued using broker quotes, which may not only use observable or unobservable inputs but may also include the use of the brokers’ own judgments about the assumptions that market participants would use.

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

The following is a summary of the inputs used to value the Funds’ investments as of July 31, 2009, by major security category or security type.

Investments in Securities    Level 1    Level 2  Level 3    Total 
Consumer Discretionary  $  3,222,014                       -  -  $  3,222,014 
Consumer Staples    1,056,178                       -  -    1,056,178 
Energy    1,676,417                       -  -    1,676,417 
Financials    1,688,938                       -  -    1,688,938 
Health Care    3,544,113                       -  -    3,544,113 
Industrials    2,895,400                       -  -    2,895,400 
Information Technology    5,050,713                       -  -    5,050,713 
Materials    1,811,690                       -  -    1,811,690 
Telecommunication Services    299,958                       -  -    299,958 
Utilities    191,776                       -  -    191,776 
Short-term Investments        2,426,642  $     799,996      -     3,226,638 
Total Investments in Securities  $  21,437,197  $     799,996  -  $  24,663,835 

Securities lending
The Fund may lend portfolio securities from time to time in order to earn additional income. The Fund retains beneficial ownership of the securities it has loaned and continues to receive interest and dividends associated with securities and to participate in any changes in their value. On the settlement date of the loan, the Fund receives cash collateral against the loaned securities and maintains the cash collateral in an amount no less than the market value of the loaned securities.

The market value of the loaned securities is determined at the close of business of the Fund. Any additional required cash collateral is delivered to the Fund or excess collateral is returned to the borrower on the next business day. Cash collateral received is invested in JHCIT. JHCIT is not a stable value fund and thus the Fund receives the benefit of any gains and bears any losses generated by JHCIT.

The Fund may receive compensation for lending their securities either in the form of fees, and/or by retaining a portion of interest on the investment of any cash received as collateral. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. The Fund bears the risk in the event that invested collateral is not sufficient to meet obligations due on loans.

6 



Risk and uncertainties

Sector risk
The Fund may focus its investments in a particular industry, sector of the economy or invest in a limited number of companies. The focus is closely tied to a single sector of the economy which may cause the Fund to underperform other sectors. Specifically, technology companies can be hurt by economic declines, regulatory, market and other factors. Accordingly, this may make the Fund’s value more volatile and investment values may rise and fall more rapidly than a fund that is less focused.

7 






ITEM 2. CONTROLS AND PROCEDURES.

(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.



SIGNATURES 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Series Trust

By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer

Date: September 15, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer

Date: September 15, 2009

By: /s/ Charles A. Rizzo
-------------------------------------
Charles A. Rizzo
Chief Financial Officer

Date: September 15, 2009