N-Q 1 a_sovbndfnd.htm JOHN HANCOCK SOVEREIGN BOND FUND a_sovbndfnd.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- 2402

John Hancock Sovereign Bond Fund
(Exact name of registrant as specified in charter)

601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Alfred E. Ouellette, Senior Attorney and Assistant Secretary

601 Congress Street
Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-663-4324

Date of fiscal year end:  May 31 
    
Date of reporting period:  February 28, 2006 

 

ITEM 1. SCHEDULE OF INVESTMENTS




John Hancock               
Bond Fund               
Securities owned by the Fund on           
February 28, 2006 (unaudited)             
 
 
      Interest  Maturity  Credit  Par value   
Issuer, description      rate (%)  date  rating (A)  ($000)  Value 

 
Bonds 55.26%              $591,229,631 
(Cost $593,867,859)               
 
Advertising 0.05%              495,781 

R.H. Donnelley Corp.,               
Sr Note (S)      8.875  01-15-16  B  475  495,781 
 
Agricultural Products 0.41%            4,339,147 

Corn Products International, Inc.,             
Sr Note      8.450  08-15-09  BBB-  3,985  4,339,147 
 
Airlines 0.46%              4,969,215 

Continental Airlines, Inc.,               
Pass Thru Ctf Ser 1999-1A    6.545  02-02-19  A-  1,593  1,606,619 
Pass Thru Ctf Ser 2000-2 Class A-1    7.707  04-02-21  BBB  1,895  1,963,383 
Pass Thru Ctf Ser 2001-1 Class C    7.033  06-15-11  BB-  1,516  1,398,633 
Jet Equipment Trust,               
Equip Trust Ctf Ser 1995-B2 (B)(H)(S)    10.910  08-15-14  D  5,800  580 
 
Asset Management & Custody Banks 0.39%          4,143,340 

Rabobank Capital Fund II,               
Perpetual Bond (5.260% to 12-31-13 then           
variable) (L)(S)      5.260  12-29-49  AA  4,230  4,143,340 
 
Auto Parts & Equipment 0.40%            4,297,206 

ERAC USA Finance Co.,               
Bond (S)      5.900  11-15-15  A-  2,115  2,145,837 
Note (S)      7.950  12-15-09  BBB+  1,985  2,151,369 
 
Broadcasting & Cable TV 1.54%            16,475,327 

BSKYB Finance UK Plc,               
Gtd Sr Note (United Kingdom) (S)    6.500  10-15-35  BBB  2,020  2,020,604 
Clear Channel Communications, Inc.,             
Note      5.500  09-15-14  BBB-  1,900  1,795,162 
Comcast Corp.,               
Gtd Note      5.900  03-15-16  BBB+  1,860  1,866,919 
Cox Communications, Inc.,               
Floating Rate Note (P)      5.039  12-14-07  BBB-  1,460  1,469,573 
Innova S. de R.L.,               
Note (Mexico)      9.375  09-19-13  BB-  1,635  1,814,850 
Shaw Communications, Inc.,             
Sr Note (Canada)      8.250  04-11-10  BB+  1,560  1,673,100 
TCI Communications, Inc.,               
Deb      9.800  02-01-12  BBB  1,990  2,373,063 
XM Satellite Radio, Inc.,               
Sr Sec Note      12.000  06-15-10  CCC+  1,279  1,429,283 
Sr Sec Disc Note      14.000  12-31-09  CCC+  1,895  2,032,773 

Page 1


John Hancock           
Bond Fund           
Securities owned by the Fund on           
February 28, 2006 (unaudited)           
 
 
Casinos & Gaming 1.33%          14,205,861 

Caesars Entertainment, Inc.           
Sr Note  7.000  04-15-13  BBB-  2,360  2,497,324 
Chukchansi Economic Development Authority,           
Sr Note (S)  8.000  11-15-13  BB-  570  587,100 
Jacob's Entertainment, Inc.,           
Sr Sec Note (B)  11.875  02-01-09  B  3,235  3,446,116 
Little Traverse Bay Bands of Odawa Indians,           
Sr Note (S)  10.250  02-15-14  B  1,655  1,634,313 
Majestic Star LLC/Cap II,           
Sr Sec Note (S)  9.750  01-15-11  B-  1,055  1,084,013 
Mashantucket West Pequot,           
Bond (S)  5.912  09-01-21  BBB-  1,250  1,231,975 
Mohegan Tribal Gaming Authority,           
Sr Sub Note  7.125  08-15-14  B+  1,050  1,081,500 
MTR Gaming Group, Inc.,           
Gtd Sr Note Ser B  9.750  04-01-10  B+  1,595  1,708,644 
Waterford Gaming LLC,           
Sr Note (S)  8.625  09-15-12  B+  883  934,876 
 
Commodity Chemicals 0.47%          4,996,262 

Lyondell Chemical Co.,           
Gtd Sr Sub Note  10.875  05-01-09  B  2,320  2,366,400 
RPM International, Inc.,           
Sr Note  6.250  12-15-13  BBB  2,605  2,629,862 
 
Computer Hardware 0.16%          1,758,924 

Activant Solutions, Inc.,           
Sr Floating Rate Note (P)(S)  10.530  04-01-10  B+  500  512,500 
Pioneer Standard Electronics, Inc.,           
Sr Note  9.500  08-01-06  BB-  1,235  1,246,424 
 
Construction Materials 0.16%          1,677,500 

Votorantim Overseas IV,           
Gtd Note (Cayman Islands) (S)  7.750  06-24-20  BBB-  1,525  1,677,500 
 
Consumer Finance 1.73%          18,519,382 

American General Finance Corp.,           
Med Term Note Ser I  4.875  07-15-12  A+  3,965  3,840,360 
Ford Motor Credit Co.,           
Floating Rate Note (P)  5.700  11-16-06  BB+  4,825  4,776,890 
General Motors Acceptance Corp.,           
Note (L)  6.750  12-01-14  BB  1,155  1,020,371 
Household Finance Corp.,           
Note  6.375  10-15-11  A  1,785  1,868,197 
HSBC Finance Capital Trust IX,           
Note (5.911% to 11-30-15 then variable)  5.911  11-30-35  BBB+  2,600  2,613,866 
HSBC Finance Corp.,           
Sr Note  6.750  05-15-11  A  4,140  4,399,698 

Page 2


John Hancock             
Bond Fund             
Securities owned by the Fund on           
 
February 28, 2006 (unaudited)           
 
Department Stores 0.29%            3,096,470 

J.C. Penney Co., Inc.,             
Deb    8.125  04-01-27  BB+  880  921,800 
Deb    7.950  04-01-17  BB+  1,855  2,174,670 
 
Diversified Banks 1.47%            15,736,724 

Bank of New York,             
Cap Security (S)    7.780  12-01-26  A-  4,420  4,660,373 
Chuo Mitsui Trust & Banking Co., Ltd.,           
Perpetual Sub Note (5.506% to 04-15-15           
then variable) (Japan) (S)    5.506  12-29-49  Baa2  2,780  2,694,576 
HBOS Plc,             
Perpetual Bond (6.413% to 10-01-35 then           
variable) (United Kingdom)    6.413  09-29-49  A  3,410  3,421,492 
Royal Bank of Scotland Group Plc,             
Perpetual Bond (7.648% to 09-30-31 then           
variable) (United Kingdom)    7.648  08-29-49  A  4,140  4,960,283 
 
Diversified Commercial Services 0.37%          3,935,485 

Noble Group Ltd.,             
Sr Note (Bermuda) (S)    6.625  03-17-15  BB+  2,295  2,100,485 
Sotheby's Holdings, Inc.,             
Note    6.875  02-01-09  BB-  1,835  1,835,000 
 
Diversified Financial Services 0.58%          6,167,241 

Glencore Funding LLC,             
Gtd Note (S)    6.000  04-15-14  BBB-  1,340  1,278,250 
St. George Funding Co.,             
Perpetual Bond (8.485% to 06-30-17 then           
variable) (Australia) (S)    8.485  12-31-49  Baa1  4,555  4,888,991 
 
Diversified Metals & Mining 0.20%          2,155,000 

Freeport-McMoRan Copper & Gold, Inc.,           
Sr Note    10.125  02-01-10  B+  2,000  2,155,000 
 
Electric Utilities 6.56%            70,180,716 

AES Eastern Energy L.P.,             
Pass Thru Ctf Ser 1999-A (L)    9.000  01-02-17  BB+  3,708  4,195,605 
Arizona Public Service Co.,             
Note    5.800  06-30-14  BBB-  1,235  1,244,854 
Beaver Valley Funding Corp.,             
Sec Lease Obligation Bond    9.000  06-01-17  BBB-  3,919  4,514,374 
BVPS II Funding Corp.,             
Collateralized Lease Bond    8.890  06-01-17  BB+  6,387  7,432,999 
Duke Energy Corp.,             
Note    7.000  10-15-06  BBB-  1,225  1,232,634 
East Coast Power LLC,             
Sr Sec Note Ser B    7.066  03-31-12  BBB-  3,062  3,134,375 
Empresa Electrica Guacolda S.A.,             
Sr Sec Note (Chile) (S)    8.625  04-30-13  BBB-  1,920  2,132,940 
Entergy Gulf States, Inc.,             
1st Mtg Note    5.700  06-01-15  BBB+  1,355  1,321,901 

Page 3


John Hancock             
Bond Fund             
Securities owned by the Fund on           
February 28, 2006 (unaudited)             
 
HQI Transelect Chile S.A.,             
Sr Note (Chile)    7.875  04-15-11  A-  2,895  3,162,617 
Indiantown Cogeneration, L.P.,             
1st Mtg Note Ser A-9    9.260  12-15-10  BB+  1,472  1,576,202 
IPALCO Enterprises, Inc.,             
Sr Sec Note    8.625  11-14-11  BB-  3,000  3,322,500 
Kansas Gas & Electric Co.,             
Bond    5.647  03-29-21  BB-  1,910  1,875,009 
Midland Funding Corp. II,             
Lease Obligation Bond Ser B    13.250  07-23-06  BB-  4,002  4,098,200 
Monterrey Power S.A. de C.V.,             
Sr Sec Bond (Mexico) (S)    9.625  11-15-09  BBB  2,445  2,750,946 
Nevada Power Co.,             
Gen Ref Mtg Note (S)    5.950  03-15-16  BB  1,310  1,316,152 
NRG Energy, Inc.,             
Sr Note (L)    7.250  02-01-14  B-  1,880  1,927,000 
Pepco Holdings, Inc.,             
Note    6.450  08-15-12  BBB  2,370  2,484,632 
Sr Floating Rate Note (P)    5.035  06-01-10  BBB  1,135  1,140,239 
PNPP II Funding Corp.,             
Deb    9.120  05-30-16  BB+  213  246,183 
PPL Energy Supply LLC,             
Sr Note Ser A    6.400  11-01-11  BBB  2,645  2,761,695 
Progress Energy, Inc.,             
Sr Note    5.625  01-15-16  BBB-  880  878,484 
System Energy Resources, Inc.,             
Sec Bond (S)    5.129  01-15-14  BBB  2,630  2,514,665 
Texas-New Mexico Power Co.,             
Sr Note    6.125  06-01-08  BBB  3,350  3,385,865 
TransAlta Corp.,             
Note (Canada)    5.750  12-15-13  BBB-  2,735  2,753,989 
TXU Australia Holdings, LP,             
Sr Note (Australia)    6.750  12-01-06  A-  1,650  1,667,492 
Waterford 3 Funding Corp.,             
Sec Lease Obligation Bond    8.090  01-02-17  BBB-  4,974  5,234,896 
Westar Energy, Inc.,             
1st Mtg Bond    5.950  01-01-35  BBB-  1,915  1,874,268 
 
Electrical Components & Equipment 0.23%          2,504,783 

AMETEK, Inc.,             
Sr Note    7.200  07-15-08  BBB  2,425  2,504,783 
 
Food Retail 0.80%            8,562,300 

Ahold Finance USA, Inc.,             
Gtd Pass Thru Ctf Ser 2001A-1    7.820  01-02-20  BB  3,878  4,150,267 
Delhaize America, Inc.,             
Gtd Note    9.000  04-15-31  BB+  1,575  1,879,525 
Food Lion, Inc.,             
Note    8.730  08-30-06  BB+  2,500  2,532,508 
 
Gas Utilities 0.79%            8,432,088 

Energy Transfer Partners,             
Gtd Sr Note (G)    5.950  02-01-15  BBB-  3,040  3,052,315 

Page 4


John Hancock               
Bond Fund               
Securities owned by the Fund on           
 
February 28, 2006 (unaudited)             
 
Kinder Morgan Finance, Co.,             
Gtd Sr Note      6.400  01-05-36  BBB  2,250  2,320,891 
KN Capital Trust I,               
Gtd Cap Security Ser B    8.560  04-15-27  BB+  1,030  1,096,179 
NorAm Energy Corp.,               
Deb      6.500  02-01-08  BBB  1,925  1,962,703 
 
Health Care Facilities 0.17%            1,875,067 

Manor Care, Inc.,               
Gtd Note      6.250  05-01-13  BBB  1,855  1,875,067 
 
Health Care Services 0.45%            4,829,590 

Caremark Rx, Inc.,               
Sr Note      7.375  10-01-06  BBB-  2,210  2,235,603 
WellPoint, Inc.,               
Bond      5.250  01-15-16  BBB+  2,630  2,593,987 
 
Hotels, Resorts & Cruise Lines 0.26%            2,739,464 

Hyatt Equities LLC,               
Note (S)      6.875  06-15-07  BBB  2,705  2,739,464 
 
Industrial Conglomerates 0.51%            5,408,661 

General Electric Co.,               
Note      5.000  02-01-13  AAA  5,465  5,408,661 
 
Industrial Machinery 0.55%            5,858,765 

Kennametal, Inc.,               
Sr Note      7.200  06-15-12  BBB  2,960  3,191,863 
Trinity Industries, Inc.,               
Pass Thru Ctf (S)      7.755  02-15-09  Ba1  2,614  2,666,902 
 
Integrated Oil & Gas 0.26%            2,800,250 

Pemex Project Funding Master Trust,             
Gtd Note      9.125  10-13-10  BBB  2,435  2,800,250 
 
Integrated Telecommunication Services 0.65%          6,997,309 

AT&T Corp.,               
Gtd Sr Note      9.750  11-15-31  A  3,400  4,254,168 
Intelsat Ltd,               
Floating Rate Sr Note (Bermuda) (P)(S)    9.614  01-15-12  B+  1,000  1,020,000 
Verizon Global Funding Corp.,             
Bond      5.850  09-15-35  A  1,825  1,723,141 
 
Investment Banking & Brokerage 0.61%            6,503,279 

Goldman Sachs Group, Inc. (The),             
Sr Note      5.350  01-15-16  A+  2,770  2,740,779 
Mizuho Financial Group Cayman Ltd.,             
Gtd Sub Bond (Cayman Islands)    8.375  12-29-49  A2  3,500  3,762,500 
 
Leisure Facilities 0.13%            1,372,063 

AMC Entertainment, Inc.,             
Sr Sub Note (L)      9.500  02-01-11  CCC+  1,450  1,372,063 

Page 5


John Hancock             
Bond Fund             
Securities owned by the Fund on           
February 28, 2006 (unaudited)           
 
 
Life & Health Insurance 0.64%            6,825,349 

Phoenix Cos., Inc. (The),             
Bond    6.675  02-16-08  BBB  2,205  2,218,285 
Phoenix Life Insurance Co.,             
Note (S)    7.150  12-15-34  BBB+  1,920  2,044,696 
Provident Financing Trust I,             
Gtd Cap Security (L)    7.405  03-15-38  B+  2,585  2,562,368 
 
Marine 0.26%            2,827,911 

CMA CGM S.A.,             
Sr Note (France) (S)    7.250  02-01-13  BB+  2,790  2,827,911 
 
Meat, Poultry & Fish 0.53%            5,681,831 

American Seafood Group LLC,             
Gtd Sr Sub Note    10.125  04-15-10  B-  2,955  3,113,831 
ASG Consolidated LLC,             
Sr Disc Note (Zero to 11-1-08, then             
11.500%) (O)    Zero  11-01-11  B-  3,200  2,568,000 
 
Metal & Glass Containers 0.16%            1,749,000 

BWAY Corp.,             
Gtd Sr Sub Note    10.000  10-15-10  B-  1,650  1,749,000 
 
Metal & Mining 0.12%            1,291,005 

Vedanta Resources Plc,             
Sr Note (United Kingdom) (S)    6.625  02-22-10  BB+  1,320  1,291,005 
 
Multi-Line Insurance 1.14%            12,199,750 

American International Group,             
Note (S)    5.050  10-01-15  AA  3,000  2,907,798 
Massachusetts Mutual Life Insurance Co.,           
Surplus Note (S)    7.625  11-15-23  AA  3,150  3,872,273 
New York Life Insurance Co.,             
Note (S)    5.875  05-15-33  AA-  3,185  3,298,892 
Zurich Capital Trust I,             
Gtd Cap Security (S)    8.376  06-01-37  A-  1,975  2,120,787 
 
Multi-Media 0.37%            3,997,087 

News America Holdings, Inc.,             
Gtd Sr Deb    8.250  08-10-18  BBB-  3,000  3,561,462 
Quebecor Media, Inc.,             
Sr Note (Canada) (S)    7.750  03-15-16  B  425  435,625 
 
Multi-Utilities & Unregulated Power 0.96%          10,234,638 

East Coast Power LLC,             
Sr Sec Note    6.737  03-31-08  BBB-  183  184,739 
Dynegy-Roseton Danskamme,             
Gtd Pass Thru Ctf Ser B    7.670  11-08-16  B  2,600  2,669,668 
Salton Sea Funding Corp.,             
Gtd Sr Sec Note Ser E    8.300  05-30-11  BB+  653  697,714 
Sr Sec Note Ser C    7.840  05-30-10  BB+  6,476  6,682,517 

Page 6


John Hancock                                                                                                                             
Bond Fund           
Securities owned by the Fund on         
February 28, 2006 (unaudited)         
 
 
Oil & Gas Refining, Marketing & Transportation 0.59%        6,265,321 

Enterprise Products Operating L.P.,         
Gtd Sr Note Ser B  6.375  02-01-13  BB+  4,765  4,957,139 
Premcor Refining Group, Inc.,           
Sr Note  9.500  02-01-13  BBB-  1,175  1,308,182 
 
Oil & Gas Drilling 0.15%          1,582,430 

Delek & Avner-Yam Tethys Ltd.,           
Sr Sec Note (Israel) (S)  5.326  08-01-13  BBB-  1,627  1,582,430 
 
Oil & Gas Exploration & Production 0.12%        1,326,710 

Talisman Energy, Inc.,           
Note (Canada)  5.850  02-01-37  BBB+  1,330  1,326,710 
 
Packaged Foods & Meats 0.11%        1,137,737 

General Foods Corp.,           
Deb  7.000  06-15-11  A-  1,145  1,137,737 
 
Paper Packaging 0.33%          3,587,431 

MDP Acquisitions Plc,           
Sr Note (Ireland)  9.625  10-01-12  B-  1,690  1,770,275 
Stone Container Corp.,           
Sr Note  9.750  02-01-11  CCC+  1,775  1,817,156 
 
Paper Products 0.15%          1,572,711 

Plum Creek Timber Co., Inc.,           
Gtd Note  5.875  11-15-15  BBB-  1,570  1,572,711 
 
Pharmaceuticals 0.51%          5,477,275 

Medco Health Solutions, Inc.,           
Sr Note  7.250  08-15-13  BBB  2,380  2,594,919 
Wyeth,           
Note  5.500  02-15-16  A  2,865  2,882,356 
 
Property & Casualty Insurance 0.56%        6,022,615 

Markel Corp.,           
Sr Note  7.350  08-15-34  BBB-  2,380  2,576,314 
Ohio Casualty Corp.,           
Note  7.300  06-15-14  BB  1,700  1,805,929 
URC Holdings Corp.,           
Sr Note (S)  7.875  06-30-06  AA-  1,630  1,640,372 
 
Real Estate Investment Trusts 0.79%        8,470,647 

American Health Properties, Inc.,           
Note  7.500  01-15-07  BBB+  2,380  2,427,169 
Healthcare Realty Trust, Inc.,           
Sr Note  8.125  05-01-11  BBB-  2,515  2,764,823 
Health Care REIT, Inc.,           
Sr Note  6.200  06-01-16  BBB-  1,525  1,524,768 
ProLogis Trust,           
Note  7.050  07-15-06  BBB+  1,745  1,753,887 

Page 7


John Hancock
Bond Fund
Securities owned by the Fund on
February 28, 2006 (unaudited)

Real Estate Management & Development 0.21%          2,210,350 

Socgen Real Estate Co., LLC,           
Perpetual Bond Ser A (7.640% to 09-30-07           
then variable) (S)  7.640  12-29-49  A  2,140  2,210,350 
 
Regional Banks 1.32%          14,134,300 

BankAmerica Institutional Bank,           
Gtd Cap Security Ser B (S)  7.700  12-31-26  A  1,060  1,116,624 
Colonial Bank N.A.,           
Sub Note  6.375  12-01-15  BBB-  2,813  2,873,986 
Mainstreet Capital Trust I,           
Gtd Jr Sub Cap Security Ser B (G)  8.900  12-01-27  A3  2,380  2,581,605 
NB Capital Trust IV,           
Gtd Cap Security  8.250  04-15-27  A  3,030  3,230,413 
State Street Institutional Capital Trust,           
Gtd Cap Security Ser A (S)  7.940  12-30-26  A  1,325  1,398,155 
Wachovia Capital Trust II,           
Gtd Floating Rate Cap Security (P)  5.100  01-15-27  A-  3,050  2,933,517 
 
Soft Drinks 0.15%          1,622,250 

Panamerican Beverages, Inc.,           
Sr Note (Panama)  7.250  07-01-09  BBB  1,545  1,622,250 
 
Specialized Finance 1.09%          11,658,600 

Astoria Depositor Corp.,           
Pass Thru Ctf Ser B (G)(S)  8.144  05-01-21  BB  3,640  3,855,670 
Bosphorous Financial Services,           
Sec Floating Rate Note (P)(S)  6.549  02-15-12  Baa3  2,285  2,297,275 
ESI Tractebel Acquisition Corp.,           
Gtd Sec Bond Ser B  7.990  12-30-11  BB  3,837  4,012,877 
Humpuss Funding Corp.,           
Gtd Note (S)  7.720  12-15-09  B2  1,515  1,492,778 
 
Specialty Chemicals 0.14%          1,541,138 

NOVA Chemicals Ltd,           
Note (Canada)  7.875  09-15-25  BB+  1,545  1,541,138 
 
Steel 0.11%          1,163,250 

Metallurg Holdings, Inc.,           
Sr Sec Note (G)(S)  10.500  10-01-10  B-  1,175  1,163,250 
 
Telecommunications Equipment 0.55%          5,876,524 

Corning, Inc.,           
Med Term Note  8.300  04-04-25  Ba2  4,230  4,387,390 
Note  6.050  06-15-15  BBB-  1,515  1,489,134 
 
Thrifts & Mortgage Finance 20.68%          221,244,781 

American Home Mortgage Investment Trust,           
Mtg Pass Thru Ctf Ser 2005-4 Class 5A (P)  5.350  11-25-45  AAA  6,871  6,809,711 

Page 8


John Hancock           
Bond Fund           
Securities owned by the Fund on           
February 28, 2006 (unaudited)           
 
Banc of America Commercial Mortgage, Inc.,           
Mtg Pass Thru Ctf Ser 2005-4 Class A5A  4.933  07-10-45  AAA  1,870  1,820,915 
Mtg Pass Thru Ctf Ser 2005-6 Class A4  5.182  09-10-47  AAA  3,990  3,974,970 
Banc of America Funding Corp.,           
Mtg Pass Thru Ctf Ser 2006-B Class 6A1  5.904  02-01-36  AAA  4,888  4,921,414 
Bear Stearns Adjustable Rate Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2005-12           
Class 22A1 (P)  5.761  02-25-36  AAA  4,733  4,756,964 
Bear Stearns Alt-A Trust,           
Mtg Pass Thru Ctf Ser 2005-3 Class B2 (P)  5.362  04-25-35  AA+  1,888  1,845,670 
Mtg Pass Thru Ctf Ser 2006-1 Class 23A1  5.695  02-25-36  AAA  4,890  4,880,831 
Bear Stearns Commercial Mortgage Securities,           
Inc.,           
Mtg Pass Thru Ctf Ser 2005-T20           
Class A4A (P)  5.156  10-12-42  Aaa  1,965  1,955,618 
Chaseflex Trust,           
Mtg Pass Thru Ctf Ser 2005-2 Class 4A1  5.000  05-25-20  AAA  5,421  5,323,489 
Citigroup/Deutsche Bank Commercial Mortgage           
Securities,           
Mtg Pass Thru Ctf Ser 2005-CD1 Class A4  5.225  07-15-44  AAA  2,795  2,797,124 
Mtg Pass Thru Ctf Ser 2005-CD1 Class C  5.225  07-15-44  AA  1,335  1,322,307 
Citicorp Mortgage Securities, Inc.,           
Mtg Pass Thru Ctf Ser 2005-5 Class 2A3  5.000  08-25-20  Aaa  6,160  6,034,316 
Citigroup Mortgage Loan Trust, Inc.,           
Mtg Pass Thru Ctf Ser 2005-5 Class 2A3  5.000  08-25-35  AAA  3,177  3,130,635 
Mtg Pass Thru Ctf Ser 2005-10 Class 1A5A  5.910  12-25-35  AAA  4,844  4,860,601 
ContiMortgage Home Equity Loan Trust,           
Mtg Pass Thru Ctf Ser 1995-2 Class A-5  8.100  08-15-25  AAA  658  680,008 
Countrywide Alternative Loan Trust,           
Mtg Pass Thru Ctf Ser 2004-24CB Class 1A1  6.000  11-25-34  AAA  4,108  4,118,668 
Mtg Pass Thru Ctf Ser 2005-6 Class 2A1  5.500  04-25-35  Aaa  3,085  3,022,580 
Mtg Pass Thru Ctf Ser 2005-J1 Class 3A1  6.500  08-25-32  AAA  2,437  2,476,214 
CS First Boston Mortgage Securities Corp.,           
Mtg Pass Thru Ctf Ser 2005-5 Class 1A1  5.000  07-25-20  AAA  2,924  2,841,081 
Mtg Pass Thru Ctf Ser 2003-25 Class 2A1  4.500  10-25-18  AAA  2,325  2,164,893 
First Horizon Alternative Mortgage Securities,           
Mtg Pass Thru Ctf Ser 2004-AA5           
Class B1 (P)  5.241  12-25-34  AA  1,442  1,422,411 
Global Signal Trust,           
Sub Bond Ser 2004-1A Class D (S)  5.098  01-15-34  BBB  3,495  3,495,000 
Sub Bond Ser 2004-2A Class D (S)  5.093  12-15-14  Baa2  1,820  1,775,213 
Sub Bond Ser 2006-1 Class E (S)  6.495  02-15-36  Baa3  1,705  1,708,730 
GMAC Commercial Mortgage Securities, Inc.,           
Mtg Pass Thru Ctf Ser 2002-C1 Class A1  5.785  11-15-39  AAA  3,880  3,921,099 
GMAC Mortgage Corporation Loan Trust           
Mtg Pass Thru Ctf Ser 2006-AR1 Class 2A1  5.667  02-01-36  AAA  4,720  4,710,781 
Greenwich Capital Commercial Funding Corp.,           
Mtg Pass Thru Ctf Ser 2003-C2 Class A-2  4.022  01-05-36  AAA  2,410  2,328,518 
Mtg Pass Thru Ctf Ser 2005-GG5 Class A2  5.117  11-10-10  AAA  5,650  5,626,541 
GSR Mortgage Loan Trust,           
Mtg Pass Thru Ctf Ser 2004-9           
Class B1 (G)(P)  4.518  08-25-34  AA  3,216  3,170,513 
Mtg Pass Thru Ctf Ser 2005-5F Class 6A1  5.000  05-25-20  AAA  3,102  3,026,099 
Mtg Pass Thru Ctf Ser 2005-8F Class 6A1  4.500  10-25-20  AAA  3,305  3,200,657 
Mtg Pass Thru Ctf Ser 2006-AR1 Class 3A1  5.436  01-25-36  AAA  7,596  7,525,906 

Page 9


John Hancock           
Bond Fund           
Securities owned by the Fund on           
February 28, 2006 (unaudited)           
 
Indymac Index Mortgage Loan Trust,           
Mtg Pass Thru Ctf Ser 2004-9 Class B1 (M)  6.223  02-01-36  AAA  4,680  4,726,800 
Mtg Pass Thru Ctf Ser 2004-AR13 Class B1  5.296  01-25-35  AA  2,180  2,149,098 
Mtg Pass Thru Ctf Ser 2005-AR5           
Class B1 (P)  5.431  05-25-35  AA  2,357  2,313,516 
JP Morgan Chase Commercial Mortgage Security           
Corp.,           
Mtg Pass Thru Ctf Ser 2005-LDP3 Class A4B  4.996  08-15-42  AAA  3,995  3,892,959 
Mtg Pass Thru Ctf Ser 2005-LDP4 Class B  5.129  10-15-42  Aa2  2,126  2,070,492 
JP Morgan Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2005-S2 Class 2A16  6.500  09-25-35  AAA  4,638  4,761,819 
Mtg Pass Thru Ctf Ser 2005-S3 Class 2A2  5.500  01-25-21  AAA  4,743  4,708,190 
JP Morgan Alternative Loan Trust,           
Mtg Pass Thru Ctf Ser 2006-A1 Class 4A1  6.092  03-25-36  AAA  5,805  5,844,242 
Lehman Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2005-1 Class 6A1  5.000  11-25-20  AAA  4,347  4,255,900 
Merrill Lynch Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2005-CKI1 Class A6  5.245  11-12-37  AAA  3,685  3,689,569 
Morgan Stanley Capital I,           
Mtg Pass Thru Ctf Ser 2005-HQ7 Class A4  5.205  11-14-42  AAA  3,765  3,760,420 
Mtg Pass Thru Ctf Ser 2005-IQ10 Class A4A  5.230  09-15-42  AAA  5,270  5,237,766 
Morgan Stanley Loan Trust,           
Mtg Pass Thru Ctf Ser 2006-3AR Class 3A1  6.120  03-25-36  AAA  6,400  6,451,750 
Prime Mortgage Trust,           
Mtg Pass Thru Ctf Ser 2005-2 Class 1A2  5.000  07-25-20  Aaa  7,078  6,928,869 
Provident Funding Mortgage Loan Trust,           
Mtg Pass Thru Ctf Ser 2005-1 Class B1 (P)  4.369  05-25-35  AAA  1,458  1,415,881 
Renaissance Home Equity Loan Trust,           
Mtg Pass Thru Ctf Ser 2004-4 Class AF2  3.856  02-25-35  AAA  2,930  2,905,082 
Mtg Pass Thru Ctf Ser 2005-2 Class AF3  4.499  08-25-35  AAA  3,005  2,941,197 
Mtg Pass Thru Ctf Ser 2005-2 Class AF4  4.934  08-25-35  AAA  2,855  2,768,000 
Residential Accredit Loans, Inc.,           
Mtg Pass Thru Ctf Ser 2006-QA1 Class A31  6.305  01-25-36  AAA  6,555  6,619,782 
Mtg Pass Thru Ctf Ser 2005-QA12           
Class NB5 (P)  6.020  12-25-35  AAA  4,628  4,651,315 
Residential Asset Mortgage Products, Inc.,           
Mtg Pass Thru Ctf Ser 2003-RS10 Class AI-5  4.910  01-25-31  AAA  4,595  4,566,293 
SBA CMBS Trust,           
Sub Bond Ser 2005-1A Class A (S)  5.369  11-15-35  Aaa  1,310  1,306,217 
Sub Bond Ser 2005-1A Class B (S)  5.565  11-15-35  Aa2  1,300  1,298,327 
Sub Bond Ser 2005-1A Class D (S)  6.219  11-15-35  Baa2  500  502,891 
Sub Bond Ser 2005-1A Class E (S)  6.706  11-15-35  Baa3  600  606,942 
Specialty Underwriting & Residential Finance           
Trust,           
Mtg Pass Thru Ctf Ser 2003 BC4 Class A3B  4.788  11-25-34  AAA  3,462  3,425,189 
Sovereign Capital Trust I,           
Gtd Cap Security  9.000  04-01-27  BB  3,840  4,112,763 
Washington Mutual Alternative Loan Trust,           
Mtg Pass Thru Ctf Ser 2005-6 Class 1CB  6.500  08-25-35  AAA  3,602  3,659,229 
Wells Fargo Mortgage Backed Securities Trust,           
Mtg Pass Thru Ctf Ser 2004-7 Class 2A2  5.000  07-25-19  AAA  3,138  3,083,960 
Mtg Pass Thru Ctf Ser 2005-AR2           
Class 3A1 (P)  4.947  03-25-35  Aaa  5,035  4,940,846 

Page 10


John Hancock             
Bond Fund             
Securities owned by the Fund on         
February 28, 2006 (unaudited)           
 
Utilities Other 0.25%            2,712,396 

Magellan Midstream Partners, L.P.,           
Note    6.450  06-01-14  BBB  2,570  2,712,396 
 
Wireless Telecommunication Services 1.29%        13,783,394 

America Movil S.A. de C.V.,           
Sr Note (Mexico)    5.750  01-15-15  BBB  1,905  1,909,174 
AT&T Wireless Services, Inc.,           
Sr Note    8.125  05-01-12  A  1,700  1,947,818 
Crown Castle Towers LLC,           
Sub Bond Ser 2005-1A Class A  4.643  06-15-35  Aaa  2,565  2,495,308 
Sub Bond Ser 2005-1A Class D  5.612  06-15-35  Baa2  2,960  2,883,790 
Nextel Communications, Inc.,           
Sr Note Ser F    5.950  03-15-14  BB  3,000  3,015,441 
Rogers Wireless, Inc.,             
Sr Sub Note (Canada)  8.000  12-15-12  B+  1,435  1,531,863 
 
        Credit     
Issuer, description        rating (A)  Shares  Value 

 
Preferred stocks 0.23%          $2,514,344 
(Cost $2,501,000)             
 
Agricultural Products 0.23%          2,514,344 

Ocean Spray Cranberries, Inc., 6.25%, Ser A (S)    BB+  30,500  2,514,344 
 
    Interest  Maturity  Credit  Par value   
Issuer, description    rate (%)  date  rating (A)  ($000)  Value 

 
U.S. government and agencies securities 44.47%      $475,755,597 
(Cost $479,035,599)             
 
Government U.S. 10.84%          115,944,632 

United States Treasury,             
Bond (L)    6.875  08-15-25  AAA  44,705  57,044,295 
Bond (L)    5.375  02-15-31  AAA  8,175  9,100,116 
Bond (L)    4.500  02-15-36  AAA  11,045  11,038,958 
Bond (L)    4.500  02-15-16  AAA  3,305  3,292,606 
Inflation Indexed Note (L)  3.500  01-15-11  AAA  12,819  13,765,753 
Note (L)    4.250  11-15-13  AAA  22,230  21,702,904 
 
Government U.S. Agency 33.63%          359,810,965 

Federal Home Loan Bank,           
Bond    5.125  11-01-10  AAA  1,695  1,683,454 
Bond    5.020  11-07-08  AAA  3,065  3,053,181 
Federal Home Loan Mortgage Corp.,           
20 Yr Pass Thru Ctf    11.250  01-01-16  AAA  77  81,532 
30 Yr Adj Rate Pass Thru Ctf  5.285  12-01-35  AAA  9,466  9,362,674 
30 Yr Pass Thru Ctf    6.000  01-01-36  AAA  23,221  23,451,787 
30 Yr Pass Thru Ctf    5.168  11-01-35  AAA  9,813  9,671,298 
30 Yr Pass Thru Ctf    5.000  07-01-35  AAA  10,899  10,564,211 
30 Yr Pass Thru Ctf    5.000  09-01-35  AAA  1,249  1,210,828 
CMO REMIC 2489-PE  6.000  08-15-32  AAA  2,690  2,721,984 
CMO REMIC 2640-WA (G)  3.500  03-15-33  AAA  1,456  1,396,070 

Page 11


John Hancock           
Bond Fund           
Securities owned by the Fund on           
February 28, 2006 (unaudited)           
 
CMO REMIC 3033-JH (G)  5.000  06-15-32  AAA  6,274  6,174,133 
CMO REMIC 3046-BA (G)  5.000  10-15-24  AAA  7,250  7,131,442 
Med Term Note  4.875  10-04-10  AAA  5,810  5,769,225 
Note  5.300  11-17-10  AAA  5,835  5,810,826 
Note  5.100  11-14-08  AAA  9,000  8,978,877 
Note  4.900  11-03-08  AAA  7,140  7,090,570 
Note  4.750  10-17-08  AAA  5,895  5,837,972 
Note  4.625  08-22-08  AAA  4,805  4,765,263 
Federal National Mortgage Assn.,           
15 Yr Pass Thru Ctf  9.000  06-01-10  AAA  699  754,872 
15 Yr Pass Thru Ctf  7.500  02-01-08  AAA  70  70,756 
15 Yr Pass Thru Ctf  7.000  09-01-10  AAA  157  160,862 
15 Yr Pass Thru Ctf  7.000  04-01-17  AAA  705  727,109 
15 Yr Pass Thru Ctf  7.000  06-01-17  AAA  174  179,592 
15 Yr Pass Thru Ctf  5.500  11-01-20  AAA  1,897  1,905,987 
15 Yr Pass Thru Ctf  5.500  12-01-20  AAA  11,486  11,542,173 
15 Yr Pass Thru Ctf  5.000  05-01-18  AAA  7,778  7,689,344 
15 Yr Pass Thru Ctf  5.000  08-01-19  AAA  10,158  10,026,830 
15 Yr Pass Thru Ctf  5.000  10-01-19  AAA  16,684  16,473,303 
15 Yr Pass Thru Ctf  5.000  11-01-20  AAA  1,418  1,399,313 
15 Yr Pass Thru Ctf  4.500  05-01-18  AAA  8,187  7,973,864 
15 Yr Pass Thru Ctf  4.500  10-01-18  AAA  18,625  18,138,901 
30 Yr Adj Rate Pass Thru Ctf  5.000  08-01-35  AAA  6,523  6,338,506 
30 Yr Pass Thru Ctf  6.000  11-01-34  AAA  793  800,830 
30 Yr Pass Thru Ctf  6.000  09-01-35  AAA  14,543  14,680,677 
30 Yr Pass Thru Ctf  6.000  10-01-35  AAA  518  522,910 
30 Yr Pass Thru Ctf  5.500  05-01-35  AAA  54,905  54,516,263 
30 Yr Pass Thru Ctf  5.500  01-01-36  AAA  4,000  3,964,241 
30 Yr Pass Thru Ctf  5.500  02-01-36  AAA  17,165  17,011,811 
30 Yr Pass Thru Ctf  5.000  07-01-35  AAA  5,466  5,311,186 
30 Yr Pass Thru Ctf  5.000  08-01-35  AAA  10,621  10,320,596 
30 Yr Pass Thru Ctf  4.500  09-01-35  AAA  9,773  9,202,959 
CMO REMIC 2003-33-AC (G)  4.250  03-25-33  AAA  1,196  1,148,840 
CMO REMIC 2003-49-JE (G)  3.000  04-25-33  AAA  3,327  2,980,464 
CMO REMIC 2003-58-AD (G)  3.250  07-25-33  AAA  3,271  3,002,034 
CMO REMIC 2003-63-PE (G)  3.500  07-25-33  AAA  2,677  2,454,152 
Note (L)  5.125  12-15-08  AAA  12,010  11,976,144 
Note  5.000  11-14-08  AAA  6,175  6,155,925 
Note (L)  5.000  04-19-10  AAA  4,765  4,764,504 
Note (L)  4.750  08-25-08  AAA  6,580  6,539,230 
Financing Corp.,           
Bond  10.350  08-03-18  Aaa  3,545  5,276,718 
Government National Mortgage Assn.,           
30 Yr Pass Thru Ctf  10.500  01-15-16  AAA  25  27,546 
30 Yr Pass Thru Ctf  10.000  06-15-20  AAA  35  38,769 
30 Yr Pass Thru Ctf  10.000  11-15-20  AAA  12  12,831 
30 Yr Pass Thru Ctf  9.500  03-15-20  AAA  38  41,541 
30 Yr Pass Thru Ctf  9.500  06-15-20  AAA  10  11,319 
30 Yr Pass Thru Ctf  9.500  01-15-21  AAA  53  58,749 
30 Yr Pass Thru Ctf  9.500  05-15-21  AAA  22  24,503 
CMO REMIC 2003-42-XA  3.750  05-16-33  AAA  883  829,484 

Page 12


John Hancock           
Bond Fund           
Securities owned by the Fund on         
February 28, 2006 (unaudited)         
    Interest  Par value   
Issuer, description, maturity date      rate (%)  ($000)  Value 

 
Short-term investments 0.04%        $399,000 
(Cost $399,000)           
 
Joint Repurchase Agreement 0.04%        399,000 

Investment in a joint repurchase agreement         
transaction with Bank of America - Dated         
2-28-06 due 3-1-06 (secured by U.S. Treasury         
Inflation Indexed Bonds 1.125% due 1-15-15 and         
2.375% due 1-15-25, U.S. Treasury Inflation         
Indexed Note 3.875% due 4-15-29 and U.S. STRIPS         
due 11-15-21)      4.520  399  399,000 
 

      Shares   

Total investments 100.00%        $1,069,898,572 

Page 13


John Hancock

Bond Fund

Footnotes to Schedule of Investments February 28, 2006 (unaudited)

(A) Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings
are not available, unless indicated otherwise.

(B) This security is fair valued in good faith under procedures established by the Board of Trustees.

(G) Security rated internally by John Hancock Advisers, LLC.

(H) Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default
of interest payment.

(L) All or a portion of this security is on loan as of February 28, 2006.

(M) This security having an aggregate value of $4,726,8000, or 0.44% of the Fund's net assets, has been
purchased as a forward commitment--that is, the Fund has agreed on trade date to take delivery of and to
make payment for this security on a delayed basis subsequent to the date of this schedule. The purchase
price and interest rate of this security is fixed at trade date, although the Fund does not earn any
interest on these until settlement date. The fund has segregated assets with a current value at least
equal to the amount of the forward commitment.

Accordingly, the market value of $4,865,293 of Federal National Mortgage Assn., 5.500%, 5-1-35 has been
segregated to cover the forward commitment.

(O) Cash interest will be paid on this obligation at the stated rate beginning on the stated date.

(P) Represents rate in effect on February 28, 2006.

(S) 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. Rule 144A securities amounted to $98,147,087 or 9.17% of the Fund's total investments as
of February 28, 2006.

Parenthetical disclosure of a foreign country in the security description represents country of a foreign
issuer; however, security is U.S. dollar-denominated.

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

The cost of investments owned on February 28, 2006, including short-term investments, was $1,075,803,458.
Gross unrealized appreciation and depreciation of investments aggregated $12,198,702 and $18,103,588,
respectively, resulting in net unrealized depreciation of $5,904,886.

Footnotes to Schedule of Investments - Page 1




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 Sovereign Bond Fund

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

Date: April 24, 2006

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

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

Date: April 24, 2006

By: /s/ John G. Vrysen
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John G. Vrysen
Executive Vice President and Chief Financial Officer

Date: April 24, 2006